Thursday, July 26, 2012

Steve Goldwyn Joins Marcus & Millichap Capital Corp. as Associate Director in Fort Lauderdale, FL

 FORT LAUDERDALE, Fla., July 25, 2012 – Marcus & Millichap Capital Corporation (MMCC) has named Steve Goldwyn (top right photo) an associate director in the firm’s Fort Lauderdale office, according to William E. Hughes, senior vice president and managing director of MMCC.

In his new position, Goldwyn will arrange debt and equity transactions for all types of commercial real estate, including multifamily, office buildings, industrial facilities, shopping centers, self-storage properties and manufactured home communities.

“Steve has a solid background in commercial real estate finance,” says Hughes. “His broad-based background in real estate finance experience will be of great value to our clients in Fort Lauderdale and throughout South Florida.”

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

Stacey Corso
Marcus & Millichap Capital Corporation
(925) 953-1716

Lincoln Property Company Brokers Two Leases Totaling 17,903 SF in Metro Atlanta

ATLANTA, GA (July 26, 2012) – Lincoln Property Company Southeast has brokered two metro Atlanta leases totaling 17,903 square feet on behalf of OA Development.

Hunter Henritze (lower left photo) and Michael Howell (lower right photo) both vice presidents of leasing for Lincoln Company Property Southeast, represented OA Development in the transactions.

The transactions are as follows:

• Dispersive Solutions, Inc. signed a lease for 10,907 square feet in the Lakeview 400 office park (top left photo), located at 2555 and 2575 Westside Parkway in Alpharetta, Ga. Kathy Burke at Cresa Partners represented the tenant.

With this transaction, Lakeview 400 is now 90 percent leased, with only 15,003 square feet of vacancy remaining.

• Peak 10, Inc. signed a lease for 6,996 square feet in Northwoods Business Center (middle right photo), located at 3000 Northwoods Parkway in Norcross, Ga. Wendy McArthur of CBRE represented the tenant.

Lincoln has now brokered more than 20,000 square feet of new leases, renewals and expansions at Northwoods Business Center in the past six months.

Earlier this year, Lincoln Property Company Southeast won leasing assignments for four metro Atlanta office properties owned by OA Development and totaling nearly 450,000 square feet. In addition to Lakeview 400 and Northwoods Business Center, the portfolio includes 2400 Lake Park Drive in Smyrna and Bluegrass Promenade in Alpharetta.

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

Stephen Ursery
Wilbert News Strategies

McCarthy Building Companies Completes Structural Steel Ahead of Schedule on St. Jude Medical Center’s New Patient Tower in Fullerton, CA


FULLERTON, CA.—July 26, 2012—The St. Jude Medical Center patient tower project recently reached a major construction milestone when iron workers secured the final structural steel beam atop the four-level structure.

Located on the northern side of the existing medical campus at Bastanchury Road and Harbor Boulevard, the $285.4 million hospital tower project is 35% complete and three days ahead of schedule. Construction began on the project in September 2011.

The design/build team of McCarthy Building Companies and TAYLOR are working with Petra-ICS (Formerly St. Joseph Health System) to build the project which includes a new patient tower, central utility plant and parking structure.

Over the two month long steel erection phase, iron workers from Schuff Steel erected approximately 2,650 tons of structural steel using a 300 ton lattice boom truck crane with a reach of 250 feet.

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

Laura Mickelson (LM Communications);
 (949) 453-0851    
Susan Garritano (McCarthy Building Companies, Inc.);;
(314) 968-3300

Colliers Sells Downtown Miami Bank REO Office Building

MIAMI, FL, July 26, 2012 - Colliers International South Florida is pleased to announce the sale of a 34,741-square-foot office property located at 261 NE 1st Street in Downtown Miami.

The property, known as 261 Lofts, was a vacant, bank owned leasehold that consisted of a 42-year ground lease and an improved office building. Colliers International South Florida Executive Vice President John K. Crotty (middle right photo), CCIM and Chairman - Founding Partner Michael T. Fay (lower left photo), represented the seller and the buyer in the transaction.
Buyer 261 Lofts, LLC purchased the leasehold, which was originally for 99 years, from seller NAFH National Bank. The new owner will use the building for its own business and lease the remaining vacant space.

"This was a challenging sale as the existing ground lease made the subject property virtually impossible to finance and the buyer had to close with cash," explains Crotty.

"The buyer was a perfect fit for the property as they were leasing space nearby and had the desire to become a landlord, as well as create value and cash flow with the remaining vacant space."

The sale is just one of many recent transactions for Colliers, which has represented approximately 50 lenders in the sale of their distressed REO properties and non performing notes.


Crystal Proenza
Vice President of Marketing
Colliers International South Florida
Commercial Real Estate Services
Tel: 305 476 7138

Gemstone Hotels & Resorts to Manage Maison 140 in Beverly Hills, CA

BEVERLY HILLS, CA and PARK CITY, UT July 26, 2012—Gemstone Hotels & Resorts, a full-service hotel management company that specializes in owning and operating luxury and upscale urban hotels and resorts, today announced the company has assumed management of Maison 140 (top left photo), in Beverly Hills, Calif.  

This 43-room boutique, urban hotel  recently was acquired by the Chadha Family Trust which also owns the nearby Mosaic Hotel.  Gemstone will now manage both hotels.

“Maison 140 is an outstanding addition to Gemstone’s growing collection of ‘one-of-a-kind’ hotels in top destination markets with high barriers to new entry,” said  Thomas Prins (lower right photo), Gemstone principal. 

“With the addition of this lifestyle hotel, we now can meet the needs of a different demographic: the younger, Beverly Hills visitor who is looking to sample all that the city has to offer, from a convenient, stylish hotel.”

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

Chris Daly, Lauralee Dobbins/media
(703) 435-6293

Wyndham Expands in Latin America with Panama Resort at Playa Blanca

   PARSIPPANY, NJ. (July 26, 2012) – Wyndham Hotel Group, the world’s largest hotel company with over 7,170 hotels and part of Wyndham Worldwide Corporation (NYSE: WYN), today announced the expansion of its upscale Wyndham® Hotels and Resorts brand in Panama with the addition of the Wyndham Grand Playa Blanca (top left photo), a 220-room all-inclusive resort located on the Pacific coast in Panama’s CoclĂ© Province.

 The beachfront property, owned by Casa de Campo Farallon, S.A., and operated by RG Hotels, becomes the third hotel in Panama to fly the Wyndham® flag, joining sister properties Veneto – A Wyndham Grand Hotel and Wyndham Garden Panama City (lower right photo), both located in Panama City.

Wyndham Grand Playa Blanca is part of the prestigious Wyndham Grand® Collection, an ensemble of distinguished hotels within the Wyndham Hotels and Resorts brand that represent one-of-a-kind experiences in key destinations with refined accommodations, attentive service and relaxed surroundings.

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

Kathryn Zambito
Public Relations Manager
Wyndham Hotel Group
22 Sylvan Way
Parsippany, NJ 07054
+1 (973) 753-6590

Metropolitan Properties Announces Opening of Richelieu Flats Condominiums in Chicago

 CHICAGO, IL (July 26, 2012) – Chicago-based Metropolitan Properties of Chicago announces the start of sales at Richelieu Flats (top left and bottom photos), an adaptive reuse of a seven-story building that is part of the historic South Michigan Avenue “streetwall.

” Named for the Richelieu Hotel the building housed during the time of the Columbian Exposition, Richelieu Flats is located at 318 South Michigan Avenue and includes four fully renovated 2,650-square-foot full-floor residences and one 4,300-square-foot duplex penthouse.

 “Nowhere else in the city will you find this type of intimate boutique building paired with all the benefits of a Michigan Avenue address. Residents will have unparalleled access to one of the most vibrant areas of downtown Chicago,” said Louis D. D’Angelo, president and founder of Metropolitan Properties of Chicago. “Our buyers are actively seeking quality, distinctive homes. There is always a market for quality.” 

Richelieu Flats represents the final piece of Metropolitan Properties’ much acclaimed redevelopment of the entire 300 block of South Michigan Avenue, which has also included neighboring Metropolitan Tower at 310 South Michigan Avenue and The Residences of 330 South Michigan Avenue.

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

Julie Grange 
Administrative Assistant
Public Relations :: Social Media :: Internet Marketing
d. 312.267.4518  p. 312.245.0202  f. 312.245.9205

Emily Johnson,

Hospitality Industry Veteran Jerry Petitt To Sell “Personal Mountain”

DENVER,  CO, July 26, 2012—Forty-year hospitality industry veteran Jerry Petitt has a reputation for using unorthodox methods to sell hotel franchises and room nights.  Now, he’s out to sell his personal mountain, and true to form, he’s scaling new heights to do it. 

The former president of Choice Hotels bought the land in 2002 and opened Echo Mountain (top left photo) in early 2006, just 45 minutes from downtown Denver.

Like many of his other marketing ideas, such as the legendary “man in the suitcase” ad campaign for Choice Hotels featuring celebrities like Evel Knievel, Vanna White and Jimmy Conners, Petitt is running counter to conventional thinking and is selling the 226-acre resort via a sealed bid auction, with bids due by August 2, 2012. 

 The auction is being handled by Sheldon Good & Company,

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

Chris Daly, media
(703) 435-6293

NAI Realvest Negotiates Long Term Retail Lease at Hunter’s Creek Plaza in South Orlando

ORLANDO, Fla. – NAI Realvest recently negotiated a new long-term lease agreement for 3,100 square feet in the Hunter’s Creek Plaza on Town Center Blvd. in South Orlando.

 Mez Birdie, CCIM, director of retail services for NAI Realvest, negotiated the lease representing retailer Once upon a Child which specializes in buying and selling gently used and new children’s clothing, toys, furniture and accessories. 

 The landlord, Hunter’s Creek Plaza, LLC was represented in the transaction by Whitaker Leonhardt a director at Crossman & Company.

For more information,  contact

 Mez Birdie, CCIM, Director/Retail & Investment Services NAI Realvest
Patrick Mahoney, President, NAI, Realvest, 407-875-9989,
Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142              

NAI Realvest Negotiates New Office Lease Agreement at Winter Park’s Gateway Plaza


MAITLAND, Fla. --- NAI Realvest recently negotiated a new office lease in Gateway Plaza (top left photo) at 1201 S. Orlando Ave. in Winter Park.

 NAI Realvest Principal Tom R. Kelley II, CCIM represented the tenant Fimognari Financial in a lease agreement for  suite 320 with 1,481 square feet.   Gateway Plaza, Ltd. is the landlord.

 For more information, contact:

Tom R.  Kelley, II CCIM, Principal, NAI Realvest, 407-875-9989,;
Patrick Mahoney, President NAI Realvest, 407-875-9989;
Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142 

Winston James Development leases space to Internet media firm at Aloma Business Center in Winter Park, FL

Winter Park, FL--- Winston James Development has agreed to lease additional office space at its business center on Aloma Ave. in Winter Park to the No-Limit Marketing firm.

The tenant, leased 940 square feet and is an Internet multi-media marketing firm, Winston Schwartz, president of Winston-James Development, Inc said.

Winston James Development developed the Aloma Business Center (top left photo).

For more information, contact:

Winston Schwartz, President, Winston-James Development, LLC 933 Beville Rd., South Daytona, Fla. 32119; 386-760-2555;
Larry Vershel, Larry Vershel Communications 407-644-4142