Bruce Strasburg joins HFF Washington, D.C. as senior managing director

 WASHINGTON, D.C. – HFF announced today that Bruce E. Strasburg (top right photo) has joined the firm as a senior managing director in its Washington, D.C. office.

Mr. Strasburg will focus on industrial and flex/office investment sale transactions in the Mid-Atlantic region.  During the course of his 30-year career, he has completed portfolio and single asset transactions valued in excess of $6.0 billion, representing 30 million square feet of improved property and 1,500 acres of land. 

Mr. Strasburg joins HFF from CBRE, and prior to that, Trammell Crow.  He is a graduate of Bucknell University.

“With 30 years of experience in the sale of institutional quality assets in the Mid-Atlantic market, Mr. Strasburg is consistently recognized as a top producer in the market and commended for his reputation, creativity and work ethic,” said Steve Conley (lower left photo), executive  managing director and co-office head in HFF’s Washington, D.C. office. 

Contact:

KRISTEN MURPHY

HFF Associate Director, Marketing

(713) 852-3500

 krmurphy@hfflp.com

·Voit Real Estate Services Directs New 85,000-SF Industrial Lease in Riverside, CA.

RIVERSIDE, CA– Voit Real Estate Services’ Inland Empire office has completed a new 52-month, 85,000 square-foot industrial lease in the Meridian Business Park (top left photo) located at 14530 Innovation Drive in Riverside, Calif.

The lessee, Spectra Premium, an auto parts distributor, plans to fully occupy the Class A industrial building for its West Coast distribution operations, according to Ryan Miller, an Associate in Voit’s Inland Empire office.

Miller represented Spectra Premium as the lessee in the transaction. The lessor, GE Capital Real Estate, a premier commercial real estate company with $60 billion in assets globally, was represented by Walt Chenoweth (middle right photo), Frank Geraci, Juan Gutierrez (lower left photo) and Patrick Wood of Voit’s Inland Empire office.

According to Miller, Spectra Premium, headquartered in Canada, was seeking a high-quality building that could accommodate its distribution needs in order to relocate its West Coast operations from Ontario, Calif.

“Flight to quality is still underway in the Inland Empire,” says Miller. “Our client had been leasing a distribution center in Ontario, and we were able to assist them in moving to this newer facility, while still taking advantage of the market’s competitive lease rates.”

Industrial lease rates will gradually increase over the next 12 to 24 months, Miller says, as the supply of industrial Class A inventory continues to decline.

“As lease rates increase, we will see further stability in the Inland Empire industrial market,” Miller adds.

Contact:

Jenn Quader/Judith Brower
Brower, Miller & Cole
(949) 955-7940
JQuader@browermillercole.com

PHOENIX, AZ, Sept. 17, 2012 – The new SVN National GSA Team has completed a $4.3 million U.S. Border Patrol building (top left photo) sale in Cotulla, TX. The three-building, 23,485-square-foot project sits on 8 acres at 1550 Double C Drive, on the I-35 access road. It includes a high-security administration/detention building, vehicle maintenance and kennel facilities.


Sperry Van Ness National GSA Team leaders Mark Phillip (lower right photo)s and Tim Strange represented the property seller, DLI Cotulla, L.P. Bruce Marshall (lower left photo), Managing Director in the Dallas office of Sperry Van Ness, represented the property buyer, UIRC-GSA Cotulla TX, LLC.

“Like most GSA deals, this transaction had intricacies that required niche expertise and collaboration,” said Phillips, who is Managing Director of Phoenix-based Sperry Van Ness I MVP CRE Advisors and leads the SVN National GSA Team. “Our group is designed to fill this precise need for buyers and sellers. That makes it very rewarding to have this first deal officially completed.”

The Cotulla Station is occupied 24 hours a day, 365 days a year by the U.S. Border Patrol, an agency within the Department of Homeland Security, with responsibility for protecting U.S. borders from illegal entry and interdicting smugglers and contraband. One of 145 Border Patrol stations nationwide, Cotulla currently employs 70 officers, with a master plan for 100 officers.

“This deal was a challenge in that the Border Patrol had just three years left on their lease, which is not ideal in this market,” said Phillips. “We located a strong buyer and were able to illustrate the long-term potential of the Border Patrol. The stability of GSA investments added to the draw, and led to a sale that was advantageous for both parties.”

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


Stacey Hershauer
focusAZ
Marketing & Public Relations
(480) 600-0195

www.focusaz.com

Century West Partners Breaks Ground Today for K2 LA in Los Angeles

Los Angeles, CA (Sept. 19, 2012) – Century West Partners, a Los Angeles-based residential development venture, in partnership with Hartford, Conn.-based Cigna, has broken ground today for the first phase of K2 LA (top left photo) – a two-building, 303-unit luxury apartment development in the Koreatown neighborhood of Los Angeles.

Formed last year, Century West Partners is headed by veteran residential developers Randy (lower right photo) and Steve Fifield of Chicago-based Fifield Companies and Michael Sorochinsky of Los Angeles-based Cypress Equity Investments.

The project will consist of two phases at 688 S. Berendo and 660 S. Berendo. Phase one at 688 S. Berendo is scheduled to be complete in early 2014, while phase two will break ground in May of 2013 with a completion target of spring 2014.

Serving as architect for K2 LA is Santa Monica-based David Forbes Hibbert. Driver URBAN, a division of Pasadena, Calif.-based C.W. Driver, will serve as the project’s contractor.

For more information on K2 LA, visit www.centurywestpartners.com or call 312-855-1600.

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

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527
Mark Thomton, mthomton@taylorjohnson.com, (312) 267-4523

www.cypressequity.com
www.fifieldco.com

Green Global Investments Acquires Seniors Housing Operator-- International Care Management Services

MAITLAND, FL --- Green Global Investments, Inc. (OTCBB-GGIX) recently acquired International Care Management Services (2040177 Ontario Ltd.), an Ontario, Canada corporation and International Care Management Services Ltd. Inc., a Washington, USA corporation.

The companies’ founder, David B. Edwards (top right photo), will serve as president of these businesses which will operate as Green Global’s LivingVentures subsidiary.


The ICMS companies currently manage and provide services to over 1,000 units in 10 seniors housing facilities, including the prestigious Living on the Avenue (lower right photo) and The Kensington Place (lower left photo) properties in Toronto, Canada. Edwards has over 30 years of experience in the seniors housing industry.

“We are extremely pleased to have an industry leader like Dave heading up our Seniors Housing management business in North America,” said Green Global Chief Executive, Richard A. Asta (middle left photo). “Under Dave’s leadership, we fully expect to grow the number of units under management and services from 1,000 to 3,000 by the end of 2013,” Asta added.

Green Global Investments ("GGI") is a fully integrated real estate investment, development and operating company.

GGI operates seniors housing projects in Canada and Florida, with plans to develop and own seniors housing assets in markets across the US and Canada. GGI global headquarters is in Maitland, Florida with offices in Hong Kong and Shanghai.

The company also provides EB-5 equity capital and debt financing, as well as real estate brokerage and other services. To learn more, visit www.greenglobalinvestments.com.

For more information, please contact:

Richard A. Asta, Chief Executive Officer, Green Global Investments, 407-875-9989, rasta@ggi-x.com

Larry Vershel, Larry Vershel Communications, Inc., 407-644-4142

Colliers International Represents North American Clutch Export Company in Building Purchase in Miami, FL

 MIAMI, FL, Sept. 19, 2012 - Colliers International South Florida is pleased to announce the purchase of 42,391 square feet of Miami warehouse on behalf of buyer North American Clutch Export Company.

Achikam Yogev, Senior Vice President, represented the buyer in the $1.47 million transaction of the property located at 3501 NW 54th Street, Miami, FL (top left photo). The property sold for below market average at $35 per square foot.

North American Clutch is a leading distributor of clutches and brakes to Mexico and Latin America. "We searched for several months for the client and were fortunate to find the right fit for both the buyer and seller," says Yogev. "The transaction was financed with an SBA loan."

 North American Clutch will be building out new office space to fit their needs as a regional headquarters.  The buyer had rented property in Opa Locka for years and decided to take advantage of the opportunity to purchase in the Airport East submarket. They were drawn to the building's highlights including 17' clear ceiling heights, a new roof and M-2 industrial zoning.

Contact:

Crystal Proenza

Vice President of Marketing

Colliers International South Florida

Commercial Real Estate Services

Tel: 305 476 7138

Email: crystal.proenza@colliers.com

www.colliers.com

Carter Promotes Patti Neal and Malloy Peterson to Senior Vice Presidents

 ATLANTA, GA (Sept. 19, 2012) – Carter, one of the nation’s leading investment, development and advisory firms, is pleased to announce the promotion of Patti Neal (top right photo) to senior vice president of development from her previous position as vice president; and Malloy Peterson (top left photo) to senior vice president of advisory, from her previous position as vice president.

 A 12-year veteran of the company, Neal has overseen the design and construction for some of the company’s biggest projects, including The Banks in Cincinnati, Ohio; Columbus Commons in Columbus, Ohio; and Piedmont West in Atlanta.

In her new role as senior vice president of development, Neal will serve as the firm’s senior-most construction manager.

 “Patti has evolved into one of our leading construction professionals,” says Carter President Scott Taylor (lower right photo). “She has led some of our largest and most complicated public-private, mixed-use developments and is a seasoned construction expert who we’re thrilled to have playing such an important role at Carter.”

 Peterson, who joined Carter in 2005, most recently served as vice president of marketing, where she oversaw corporate and project-level marketing and communications teams. Additionally, she has consulted on a number of projects over the last two years. Peterson led Carter’s recent re-branding initiatives, which transformed the company’s identity through changes to its logo, imaging and website.

As senior vice president of the advisory services group, Peterson will oversee Carter’s highest priority consulting and development assignments.

 “Malloy has made meaningful contributions at the highest level of our company,” Taylor said. “She has led our marketing efforts, helped land new business and provided valuable support in our advisory area. She brings innovation and creativity to everything we do at Carter.”

 Neal has a bachelor’s degree in construction engineering and management from Purdue University and a master’s in business administration from Emory University.

Peterson received her bachelor’s degree in finance from the University of Alabama and a master’s degree in business administration from Georgia Tech.

 Conor McNally (lower left photo), Carter’s chief development officer, said: "Patti and Malloy are strong leaders with excellent track records. We are excited to recognize their terrific work and expand their responsibilities within the company.”

Contact:

M.C. Rhodes

Wilbert News Strategies

404-965-5024

mcrhodes@wnspr.com