Friday, June 15, 2012

Marcus & Millichap Names Derek Hargrove Senior Associate in Houston, TX

 HOUSTON, TX, June 15, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has hired Derek Hargrove (top right photo) as a senior associate in the Houston office, according to David Luther (lower left photo), regional manager of the office.

In his new position, Hargrove focuses on the sale of multi-tenant shopping centers throughout southwest Texas. He also holds the title of associate director of Marcus & Millichap’s National Retail Group (NRG).

Derek’s in-depth knowledge of the retail investment sales market make him a tremendous asset to our private investor clients and our firm,’ says Luther.

 “His thorough understanding of land development, retailer co-tenancy preferences, site layout fundamentals and financial modeling allow Derek to provide unique perspective on the sale of retail properties.

“Furthermore, as a Houston native, Derek brings exceptional insight on the market forces shaping the region’s submarkets,” Luther notes.
For a complete copy of the company’s news release, please contact:

Stacey Corso
Public Relations Manager
(925) 953-1716

Nutri-Force Nutrition Opens New $13 Million Innovative SoftGel Vitamin Manufacturing Plant in Miami Lakes, FL; 400 New Jobs to be Added Over Three Years

From left:

Julio Piti, Vice Pres, Beacon Council
Mike Fernandez, Chairman, MBF Healthcare Partners
Carlos Gimenez, Miami Dade County Mayor
Florida Governor Rick Scott
Anthony Alfonso, Pres/CEO, Nutri-Force Nutrition
Dan Alhadeff, COO, Nutri-Force Nutrition
Michael Pizzi, City of Miami Lakes Mayor
Dan Marino, Partner, Vitacore

 Miami, FL, June 15, 2012 – Nutri-Force Nutrition, a recognized cGMP leader in the contract manufacturing, private labeling, and branding of nutraceuticals, vitamins, and nutritional supplements, and an MBF Healthcare portfolio company, has opened its new $13 million softgel vitamin manufacturing plant in Miami Lakes at 14700 NW 60 Avenue.

 Nutri-Force expects to add 400 new jobs over the next three years as a result of the new softgel plant opening. 

“We have built a successful business in the nutritional supplements industry and have now expanded into even more specialized softgel manufacturing,” said Anthony Alfonso (top right photo), CEO of Nutri-Force Nutrition.

“The new facility will help us handle existing demand and grow the high-end soft gel business through competitive pricing, efficiencies in production and maintaining the highest manufacturing and compliance standards.”

One of only a handful of such plants in the entire U.S., the expanded facility is dedicated to softgel supplement manufacturing. Trends propelling the demand for softgels include the aging population, consumer’s desire to self-medicate and engage in preventive nutrition, softgels are easier to swallow plus a greater acceptance in the medical community.

The new $13 million 40,000 square foot softgel facility expands upon Nutri-Force’s existing 170,000 square feet manufacturing plant where they currently have a total of over 400 employees.
“We anticipate strong continued growth not only from our existing core business but also from the exciting addition of softgel manufacturing to our service set,” said Dan Alhadeff (middle left photo), COO of Nutri-Force Nutrition. “Our goal is to become a complete solution for our customers and continue bring high quality, innovative products to consumers.”

As a cGMP (Current Good Manufacturing Practices) certified manufacturing facility, Nutri-Force complies and often exceeds all FDA published guidelines and standards for nutritional supplement manufacturing. 

Nutri-Force Nutrition was founded in 2001 with a mission of providing leading edge quality nutritional supplements, vitamins, and nutraceuticals with effective health benefits of the highest quality.

The company is a recognized cGMP leader in the contract manufacturing, private labeling, and branding of nutraceuticals, vitamins, and nutritional supplements.

The company’s relentless focus on quality, innovation, and unprecedented customer service has been at the core of Nutri-Force’s success.

For additional information, visit


Brittany Nguyen
Becker Public Relations
2506 Ponce De Leon Blvd.
Coral Gables, FL 33134
Telephone 305 444-2181 x221
Twitter@BeckerPRFirm and @JeanneBecker
Facebook: Becker Public Relations and Jeanne Becker

Endeavor Real Estate Group and LYND Secure Equity for JV Development in Austin, TX


 Austin, TX (June 15, 2012) - Endeavor Real Estate Group, an Austin-based commercial owner/developer, and LYND, a San Antonio-based multifamily owner/developer, have secured equity for their mixed-use joint venture development, currently known as 3 eleven Bowie (top left rendering.

. The project, located in downtown Austin, is a 36-story high-rise comprised of 359 luxury rental residences along with roughly 42,000 square feet of office and 3,000 feet of street level retail.  

Equity is being provided by an institutional investor that is being advised by Dallas-based L&B Realty Advisors, LLP.  The project marks LYND’s second such development with L&B acting in an advisory capacity. Terms were not disclosed.

3 eleven Bowie is the first joint venture between Endeavor and LYND.  LYND CEO Michael J. Lynd, Jr. (middle right photo) and Endeavor Managing Principal O. Jamil Alam (middle left photo) struck a deal in the summer of 2011 to form a JV to develop the site that Endeavor had previously placed under contract.

“LYND and Endeavor have assembled an excellent team to design and build what we believe will be one of the finest luxury residential rental buildings in all of downtown Austin,” said Lynd.  “Together, LYND, Endeavor and L&B are focused on delivering a residential experience that reflects the unique spirit, texture and culture of Austin.  This is a special project with a fantastic location.”

 "We believe that the Market District in downtown Austin has evolved into the premiere high-rise residential location within the city,” said Alam.

“The combination of views, proximity to Whole Foods (lower right photo), ease of access to the hike and bike trail, and the walkability to the core of downtown make this a very special site, and we believe that 3 eleven Bowie will set the new standard for high-rise multifamily living in Austin.  We elected to include two floors of boutique office space into the project and plan to move our offices into the building."

 3 eleven Bowie will feature a rooftop garden/dog park on the 10th floor:  a rooftop sky deck, club room and fitness facility on the 31st floor; and a rooftop pool on the 36th floor. The building is being designed by Dallas-based architect HKS Inc. which also designed The Ashton (lower left photo), a residential high-rise in downtown Austin, and served as architect of record for the Frost Bank Tower (bottom right photo).

 The project is located along the future expansion of the Shoal Creek Hike & Bike Trail, at the southeast corner of 5th and Bowie Street.  The corporate headquarters of Whole Foods and its flagship grocery store are located across the street from the site.

Additionally, the headquarters of HomeAway, GSD&M, and Cirrus Logic, some of Austin’s most established and nationally-recognized corporate residents are located within blocks of the property. 

 Construction is scheduled to begin in the 3rd quarter of this year and will take approximately 24 months to complete.  First units are projected to be delivered in the 3rd quarter of 2014 with residential units ranging from 427 square feet to 2,405 square feet.

 Media Contact:
Todd Templin
Boardroom Communications
954-370-8999 or 954-290-0810

 Lynd Contact:
Michael J. Lynd, LYND CEO

 Endeavor Contact:
Jamil Alam, Managing Principal

St. Regis Bal Harbour New Condo Sales in South Florida Top $623 Million In 7 Months

 MIAMI, FL --New condo transactions at the St. Regis Bal Harbour Resort & Residences (top left photo) on the barrier island in Northeast Miami-Dade County are off to a rapid start, with nearly 170 units trading for more than $623 million in the first seven month of sales, according to a new report from

Buyers purchased nearly 435,000 square feet of livable space in the St. Regis Bal Harbour Resort & Residences at an average price of more than $1,435 per square foot between Nov. 15, 2011 and June 4, 2012, according to an analysis of Miami-Dade County records.

Individual transactions in the ultra-exclusive project have ranged in price from less than $850 per square foot to more than $2,625 per square foot with units trading for between $1.35 million and $13.5 million, according to the report based on recorded deeds.

The St. Regis Bal Harbour Resort & Residences is comprised of three towers up to 27 stories with nearly 500 condos, condo-hotels, fractional condos, and hotel rooms.

The North and South towers feature a combined 205 traditional condo units - officially known as the Bal Harbour North South Condominium - while the 287-unit Center Tower is comprised of a St. Regis hotel that includes condo-hotel units, fractional residences, and traditional condominiums. 
 The St. Regis Bal Harbour Resort & Residences features four swimming pools, a 12,000-square-foot Remede spa, and signature restaurants on a nearly nine-acre oceanfront site across from the Bal Harbour Shops on Collins Avenue.

Bal Harbour is an ultra-wealthy village of 3,300 people located on a barrier island between Miami Beach and Sunny Isles Beach. 

For a complete copy of the company’s news release, please contact:

Condo Vultures® LLC is a real estate consultancy and marketing company based in the 225 Midtown Building at 225 NE 34th St., Suite 209B, Downtown Miami, Florida, 33137. Condo Vultures® LLC can be reached at 800-750-0517.