DuPont Fabros Technology, Inc. ACC6 Data Center in Ashburn, VA 100% Leased

Dupont Fabros ACC6 Data Center, Ashburn, VA

WASHINGTON, DC /PRNewswire/ -- DuPont Fabros Technology, Inc. (NYSE: DFT) announced the Company's ACC6 data center located in Ashburn, Virginia is 100 percent leased.

ACC6 is constructed in two phases totaling 262,000 gross square feet, 130,000 raised square feet and 26 megawatts of critical load.  Phase I was delivered in September 2011 and Phase II is scheduled to open on January 1, 2013.

The Company recently executed a pre-lease in Phase II for 4.33 megawatts filling the remaining vacancy in the building.  This pre-lease is with an existing tenant on our Ashburn campus. 

Mark L. Wetzel

ACC6 Phase II is expected to have 67 percent of the megawatts commencing in the first quarter of 2013 with the remaining 33 percent commencing in the third quarter of 2013.  Upon the opening of Phase II, ACC6 will have a total of six tenants with an average weighted lease term remaining of 11.3 years and will achieve a 12 percent unlevered GAAP return on invested capital, based on the terms of all the ACC6 leases.

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

 Mark L. Wetzel,

Executive Vice President, Chief Financial Officer and Treasurer,

+1-202-728-0033,

mwetzel@dft.com

Christopher Warnke,

Manager, Investor Relations,

+1-202-478-2330,

 cwarnke@dft.com

Web Site: http://www.dft.com

Stirling Sotheby Says Southwest Orlando Million Dollar Luxury Housing Market Stable; Growth Expected In 2013

Vicky McVay-Froom

ORLANDO, FL--- A new market trends study by Stirling Sotheby’s International Realty shows that $1 million plus luxury housing sales in the southwest Orlando area, which stretches from Windermere to Disney, have stabilized and points to a substantial uptick in sales in 2013.

Vicky McVay-Froom, International Marketing Expert with Stirling Sotheby’s International Realty’s Dr. Phillips Marketing Center, said 78 million-dollar plus homes sold in the southwest Orlando quadrant through the third quarter of 2012, up from 74 million-dollar plus homes during the same period last year.

McVay-Froom, who conducted the study, said the average sale price was just under $1.7 million, down from an average of just over $1.8 million in 2011. 

Golden Oak at Walt Disney World Resorts

The surprise market was Golden Oak, Walt Disney World Resorts’ new mega luxury community, which posted 10 sales through the third quarter with an average sale price of $2.5 million or $520 per square foot.

“Listing activity was down by 29 percent through the third quarter in 2012.  The overall average sale price is down, and sales are stable,” McVay-Froom said.

Roger Sodestrom

“Those three indicators are relevant,” said Roger Soderstrom  founder and owner of Stirling Sotheby’s International Realty. “The market has bottomed out. Demand is increasing, supply has decreased, and we anticipate that sales will increase in 2013 as well as sale prices,” he said.

For more information,  contact

Roger Soderstrom, Owner/Founder Stirling Sotheby’s International Realty, 407-333-1900

Vicky McVay-Froom, International Marketing Specialist, Stirling Sotheby’s International Realty, 407-620-0952;

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142  

Mortgage Bankers Association President David Stevens Applauds Federal Regulators' Decision to Hold Back on Basel III Rule

David H. Stevens

 Washington, DC  —   David H. Stevens, President & CEO of the Mortgage Bankers Association (MBA) issued the following statement in reaction to the announcement by federal financial regulators that they do not expect new proposed capital requirement under Basel III to go into effect by January 1, 2013.

 “This is a positive development, and hopefully signals that the regulators are rethinking their problematic Basel III rule and are going back to the drawing board for a new proposed rule. 

“The rules, as proposed this summer, would have had serious negative repercussions across the lending landscape, with the impact felt most acutely by residential, commercial and multifamily real estate borrowers, investors and lenders in the form of tighter credit and higher costs.

“It is critical now that regulators re-propose Basel implementation rules that more appropriately allocate risk-weights on real estate-related assets, whether they be residential, commercial or multifamily loans and securities and/or servicing rights. 

“Otherwise, credit for real estate transactions will tighten and consumer and borrower costs will go up, as banks reduce their real estate lending and mortgage servicing business.”

 Contact::       

John Mechem

(202) 557-2924  

HHC Atlantic LLC in Delray Beach, FL Announces Purchase of Seagate Country Club

Seagate Country Club, Delray Beach, FL

DELRAY BEACH, FL /PRNewswire/ -- HHC Atlantic, LCC, in Delray Beach, Florida, owners of The Seagate Hotel and Spa and the Seagate Beach Club, is pleased to announce the $11 million purchase of the Seagate Country Club, a world-class golf and country club located in the heart of the charming beach resort town.

Recently renovated and formerly known as the Hamlet Country Club, the Seagate Country Club is also located on Atlantic Avenue.

As a gated community of charming and estate properties, the Seagate Country Club features one of the best championship golf courses in Palm Beach County, as well as a full-service clubhouse, a fitness center, Har-Tru tennis courts and additional private amenities available to Club members and guests of the Seagate Hotel & Spa.

All of the Seagate facilities are under the management umbrella of Seagate Hospitality Group, LLC.

  

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

: Shin-Jung Hong,

 Hawkins International PR

, +1-212-255-6541,

ShinJung@hawkpr.com

 Web Site: http://www.theseagatehotel.com

N-Play Announces First Real Estate Marketing Platform for Facebook

 JACKSONVILLE, FL  /PRNewswire/ -- N-Play, a company that offers agent-centric real estate applications, announced today the first turnkey solution for agents to market themselves and their listings on Facebook.

The company has developed a real estate ad platform that interfaces with Facebook's ad platform providing agents a simple, low cost and highly effective social media marketing solution.

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

Raina Van Cleave

Director of Marketing

raina@n-play.com

Call or Text: 352-514-6574

Berger Commercial Realty Brokers Close Two New Lease Transactions

  

Judy Dolan

 FORT LAUDERDALE, FL – Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced two deals from brokers Judy Dolan, Keith Graves and Greg Milopoulos.

 The team represented Oakland Center Associates, LTD in the lease of a 2,040-square-foot office space, located at 3221 N.W. 10th Ave., Suite 508, in Fort Lauderdale, to New York Marketing Group, Inc.

 Additionally, Dolan, Graves and Milopoulos represented Oakland Center Associates, LTD in the lease of a 2,996-square-foot office space, located at 3115 N.W. 10th Terrace, Suite 101-102, in Oakland Park, to Discount Benefits Group, LLC.

Contact: 

Marielle Sologuren

Pierson Grant Public Relations

(954) 776-1999, ext. 226

msologuren@piersongrant.com

Colliers International Completes $2.44 Million Sale of Vacant Office Building in Tustin, CA

111 Fashion Lane, Tustin, CA

 TUSTIN, CA -- Colliers International, the third largest global real estate services organization, has completed the $2.44 million sale of an 18,120-square-foot two-story office building located at 111 Fashion Lane in Tustin, Calif.

Chuck Wilson and Blake Garrett of Colliers International represented the seller, Chu Family Trust.  Wilson and Garrett also represented the buyer, Americana Project One, LLC, an investment group.

“This property is in shell condition,” said Wilson, senior vice president with Colliers International.

Chuck Wilson

 “The buyer will utilize half of the building for an urgent care facility and office use, and lease out the other half of the building. The new owner plans to make substantial improvements to the property including build-out of speculative suites that can be modified to suit a variety of tenants.”

Colliers International is the third largest commercial real estate services company in the world with 12,500 professionals operating out of more than 500 offices in 61 countries. 

Blake Garrett

A subsidiary of FirstService Corporation (NASDAQ: FSRV;TSX: FSV and FSV.PR.U), the firm focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research.

Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as the top U.S. real estate company and the latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate brand in the world.

Since 1908, Colliers has stood at the forefront of the Los Angeles real estate industry. Today, Colliers operates seven offices throughout Greater Los Angeles, including Downtown Los Angeles, Orange County, Inland Empire, South Bay, San Fernando Valley, Santa Clarita, and Commerce.

More at www.colliers.com and www.twitter.com/colliersgla.

Contact:

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

CBRE Sees Strong Multi-Housing Market in South Florida

Richard Tarquino

MIAMI,FL --The multi-housing market remains very strong in South Florida. Rents in most submarkets are at record levels and occupancies are over 95%.

“We are seeing  cap rates on class a assets ranging in the high 4 to 5% range on "in-place" NOI,” says Calum Weaver, Private Capital Group, Multi-Housing, CBRE.

This is defined as in place NOI adjusted for RE taxes, insurance and reserves. Class B assets ranged from 5 to 5.5% on in-place NOI and Class C properties are in the 6 plus range.

Strong market fundamentals are causing more multi-housing development projects throughout South Florida. Developers are building to low 6 in-trended yields in urban areas, and 7 in the suburbs.

Calum Weaver

One of the biggest developments over the past year has been an increased appetite by a variety of lenders willing to provide financing for private investors.

Lenders are aggressively pursuing private capital multi-housing opportunities in the $1 to $5 million range.

Even non-recourse financing is now available. With a variety of lending options available, at near record low interest rates, the multi-housing private investor has numerous debt solutions available for an acquisition or refinance. In this month’s multi-housing market update,

For a complete copy of the company’s report and additional market information, please contact:

Calum Weaver

Private Capital Group

Multi-Housing

CBRE

954.331.1763

calum.weaver@cbre.com

 Richard Tarquinio

Private Capital Group

Multi-Housing

CBRE

954.331.1764

richard.tarquinio@cbre.com

   

  

 

Whitestone REIT Acquires $15.3 Million Lender-Owned Shopping Plaza in Phoenix, AZ

Fountain Square Shopping Center, Phoenix, AZ

PHOENIX, AZ – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Fountain Square, a 118,209-square foot lender-owned shopping plaza in Phoenix. The sales price of $15,366,600 represents $130 per square foot.

            Sanford Burstyn in Marcus & Millichap’s Phoenix office represented the seller, and the buyer, Houston-based Whitestone REIT.

Sanford Burstyn

“Fountain Square is part core asset and part value-add,” says Burstyn. “The property has multiple credit tenants, five pad buildings and vacancy rate of 32 percent, providing Whitestone with a stable base return and an achievable upside. Located at an ‘A’ intersection in Phoenix at Seventh Street and Bell Road, the asset attracted a great deal of interest from a wide range of investors,” adds Burstyn.

In-line tenants include Planet Fitness, Payless Shoe Source, Hallmark, T-Mobile, UPS, Avon, H & R Block, Rent-A-Center and Weight Watchers. The pad users include leases with U.S. Bank, Village Inn, Hi-Health, El Pollo Loco and Baja Fresh. Safeway and McDonald’s are contiguous to Fountain Square but were not included in the offering

The property was developed in 1986 by Charles Keating of Continental Properties.

 Contact:

Stacey Corso

Public Relations Manager

(925) 953-1716

Greystone Bassuk Group Venture Launched to Provide Expanded Creative Multifamily Real Estate Financial Services

Pictured (L to R) are: Richard Bassuk is chairman and CEO of The Bassuk Organization, Inc.; Stephen Rosenberg, founder and CEO of Greystone; and Mordecai Rosenberg of Greystone, who make up the executive team of the new Greystone Bassuk Group.

NEW YORK, NY -- (Nov.12, 2012) -- Greystone, a leading national provider of multifamily and commercial mortgage loans, today announced the formation of the Greystone Bassuk Group, a joint venture with The Bassuk Organization.

Richard Bassuk

The Bassuk Organization has been a leader in providing real estate investment banking services to owners and developers in the New York Tri-State area for over 15 years. The new group will provide expanded real estate and financial services, including creative debt and equity financing, to commercial real estate clients with multifamily assets across the United States.

Greystone offers a wide variety of multifamily and healthcare financing solutions, including Fannie Mae, Freddie Mac, Bridge and FHA loan products. The firm manages more than $15 billion in assets and consistently ranks among the top Fannie Mae DUS© and FHA lenders. With 25 years of experience in government agency lending and loan restructuring, Greystone truly is a thought leader in the industry.

Stephen Rosenberg

Richard Bassuk is chairman and CEO of The Bassuk Organization, Inc. (TBO), and also co-founded The Singer and Bassuk Organization (SBO) in 1996.

Stephen Rosenberg, founder and CEO of Greystone, said  "By combining Greystone’s and The Bassuk Organization’s strengths, we plan to make cutting edge products available to our many clients, offering them an in depth range of services including providing bridge and permanent loans and other financial resources to facilitate acquisition financing, refinancing and restructuring. 

“We believe that Greystone's 500+ financial services employees will broaden the joint venture's ability to provide a multi-faceted approach to commercial real estate financing nationwide.”

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

Roxanne Donovan/Eric Gerard

Eric R. Gerard

Senior Vice President

Great Ink Communications

27 Union Square West, Suite 205

New York, NY 10001

(212) 741-2977

Greystone Bassuk Group  

152 West 57th Street

New York, NY 10019

www.greyco.com.

Midtown Miami: 2 New Condo Towers Proposed For Mixed-Use Retail Center

MIAMI, FL -- A developer is proposing a pair of new condo towers - Three Midtown Miami and Six Midtown Miami - in the Midtown Miami mixed-use complex in the Biscayne Boulevard Corridor of Greater Downtown Miami, and in the process has boosted the total number of planned buildings to 83 in South Florida since the real estate crash began in 2007, according to a new report from CondoVultures.com. 

Bellini at Williams Island, Miami, FL

With the newly announced Midtown Miami condo projects to be located on vacant development sites within the expansive mixed-use project bordered by Northeast 36th and 29th streets, at least 12,410 condo residences have been proposed for the tricounty South Florida region of Miami-Dade, Broward, and Palm Beach counties as of Nov. 8, 2012, according to the Preconstruction Condo Projects list compiled by the licensed Florida brokerage CVR Realty™.

Some five years after the South Florida condo market began to stall, one new tower has already been completed in the tricounty region and 12 other highrises - Aventura's Bellini At Williams Island (scheduled to top off on Nov. 9, 2012); Greater Downtown Miami's 1100 Millecento Residences, Brickell Citicentre(two towers), BrickellHouse, and MyBrickell projects; Hollywood's Apogee Beach; Key Biscayne's Oceana (two towers); Palm Beach County's 4001 North Ocean project; and Sunny Isles Beach's Mansions At Acqualina and Regalia - are under construction as the post-crash development era gains momentum, according to a recent CondoVultures.com report.

Brickell House rendering, Miami, FL

CondoVultures.com is scheduled to profile condo trends in the third quarter of 2012 in the seven largest coastal condo markets in South Florida.   

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.

EagleBridge Capital Arranges $6 Million Mortgage for Boston Office Building

33 Broad Street, Boston, MA

  Boston, MA -- EagleBridge Capital, working exclusively on behalf of its client, has arranged permanent mortgage financing in the amount of $6,000,000 for 33 Broad Street,  Boston, Massachusetts. 

The mortgage financing was arranged by EagleBridge principals Ted. M. Sidel and Brian D. Sheehan who stated that the loan was provided by a leading financial institution.

33 Broad Street is an 11-story 40,500 square foot office building located in the heart of Boston’s Financial District. The property has been completely updated and is served by three elevators. 

Ted M. Sidel

The building is 100% leased.  State Street Eye Health and Expresso Love occupy the first floor retail space.  The upper floors are occupied by 18 office tenants including law firms, accountants, consultants, foundations, financial advisors, real estate developers, mortgage bankers, and money managers.

33 Broad Street was constructed in 1904. 

The building style is early Twentieth Century Renaissance Revival and is included in the National Register of Historic Places as part of the Custom House District.  33 Broad Street was designed by the leading architectural firm of its day, Shepley Rutan and Coolidge, the predecessor of the noted architectural firm Shepley Bullfinch Richardson and Abbott.

Brian D. Sheehan

EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging  debt and equity financing as well as joint ventures for industrial, office, and r & d buildings,  shopping centers, apartments, hotels, condominiums and mixed use properties as well as special purpose buildings.

Contact:

Ted Sidel

(617) 292-7177

EXT. 10

www.eaglebridgecapital.com

 

Marcus & Millichap Announces Sale of Rainbow RV Resort in Frostproof, FL

Rainbow Resort, Frostproof, FL

FROSTPROOF, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Rainbow RV Resort, a 127-acre recreational vehicle community located in Frostproof, Florida, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office.

Dan Mulkey

Dan Mulkey, a vice president investments and senior director of the National Manufactured Home Communities Group in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of a Florida based seller. Mr. Mulkey also secured the buyer, Sun Communities, a highly respected Michigan based REIT specializing in owning and operating high quality RV Resorts and mobile home communities nationwide.

Rainbow RV Resort is located just off US Highway 27, a short drive south of Lake Wales, Florida.  This five-star, senior (55+) recreational vehicle community was originally constructed in 2000 and features a high quality amenity package, including a spacious heated swimming pool, two spas, a 15,000-square foot modern clubhouse with a game room, craft room, card room exercise area, woodshop, bocce ball, shuffleboard, horseshoes, library, computer stations and laundry facilities.

Richard Matricaria

The community’s exclusive nature is enhanced by the gated entrance and perimeter fencing.  There is also an on-site office and various support staff for the community in place.

“Rainbow RV is a beautiful community, having all lots large enough to accommodate permanent park model homes,” says Mulkey.  “Every year more permanent units are added, providing a stabilized income going forward.  The park enjoys many of the same campers returning each year, adding to its stability.  Rainbow has been extremely well-maintained and operated and fits well into Sun Community’s impressive portfolio.”

Press Contact:

 Richard D. Matricaria

Regional Manager, Tampa

(813) 387-4700