Number of East End Long Island, NY Sales Increases Again As Sellers Rush Close By Year End

  

Peter Turino

 New York, NY -- According to the fourth quarter market report for single-family home sales on the East End of Long Island released today by Brown Harris Stevens, the number of sales in the Hamptons rose 16% from the fourth quarter of last year, with the number of sales of $2.5 million and over up 98% over the same period.

Both the average and median price on the South Fork increased. At $2,171,928, the average price was 27% higher than the fourth quarter of 2011, while the median rose 16% to $975,000.

Long Island, NY, South Shore, Tobay Beach

"The increase in sales volume for 2012 indicates that the Hamptons market has stabilized since the recession and is returning to a normal growth cycle," said Peter Turino, president of Brown Harris Stevens of the Hamptons.

"While unlikely to explode with activity, the market is regaining lost momentum as many buyers and investors are willing to purchase at current price levels. This continued steady growth in sales is encouraging," 

 "Like many markets, we experienced a surge of closings in December due to pending tax law changes, however there are still plenty of buyers that are actively looking now. Sale transactions are being done this month during what is normally a quiet time which is additional evidence that this market is turning a corner."

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

Jennifer Little

Rubenstein Public Relations

212.843.8364

jlittle@rubensteinpr.com

               

Avison Young completes 19,279-square-foot office lease in Palmdale, CA with Child and Family Guidance Center

Michael Dettling

 Los Angeles, CA – Avison Young, Canada’s largest independently-owned commercial real estate services company, has completed a 19,279-square-foot office lease with Child and Family Guidance Center (www.childguidance.org).

The lease term is for eight years and is valued at approximately $4 million. The space is located at 40005 10th Street West in Palmdale, CA. Built in 2009, the two-story property totals 27,000 sf and is now fully occupied.

Avison Young Principal Michael Dettling, based in the company’s Los Angeles North office, represented the property owner, Dr. John Kayvanfar, MD, who is also a tenant in the building.

Jeff Adler

Child and Family Guidance Center, a non-profit organization providing family counseling, child mental healthcare, supportive social services, and linkages to needed community resources, was represented by Rick Pearson of Cresa Partners.

“This property offered Child and Family Guidance Center favorable lease terms, plentiful parking, sufficient contiguous space, and  an open design with floor-to-ceiling windows allowing for maximum natural light,” comments Dettling.

“The tenant will also be able to custom-create its new environment from raw space. Both the landlord and tenant were creative in negotiating the build-out according to the tenant’s specific needs.”    

“The center is increasing our office space by approximately 3,000 sf, resulting in a 17% increase in space. We are enlarging several areas, including the waiting room, adding a parent resource library, several group rooms, and a few extra offices,” states Jeff Adler, Director of Operations with Child and Family Guidance Center.

 "This move will allow for a modest increase in our capacity, both in terms of more children being served and greater program offerings."

  

Over the past four years, Avison Young has grown from 11 to 43 offices and from 300 to more than 1,100 real estate professionals across Canada and the U.S.

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

Darcie Giacchetto

D.G. Communications, Inc.

949.278.6224

HC Real Estate Capital Arranges $6 Million Financing for a Retail Property In Pembroke Pines, FL

Sedano's Plaza aerial
17001--17199 West Pembroke Pines Road
Pembroke Pines, FL

Pembroke Pines, FL –Kurt Hoffmann and Chris Caveglia of HC Real Estate Capital have arranged $6,000,000 in financing for Sedano’s Plaza  (“SP”) located at 17001-17199 West Pembroke Pines Blvd. Pembroke Pines, FL.

 SP is a 123,164 square foot retail center that is currently 99% leased and anchored by Sedano’s Supermarket.  Other notable tenants include Wells Fargo, Flannigan’s Seafood Bar and Grill, Burger King and La Granja.

 Nonrecourse financing was arranged through a correspondent Life Company relationship at a competitive rate with a term of 15 years.

Kurt Hoffmann, Principal at HC Real Estate Capital states, “The lender provided a 6-month, forward rate locking loan commitment at a very low interest rate.”

Hoffmann went on to say, “This property has always outperformed the market due to its superior location, experienced operators and excellent tenancy.”

HC Real Estate Capital, LLC is a privately owned mortgage-banking firm founded by Kurt Hoffmann and Chris Caveglia. Based in Delray Beach, Florida, HC Real Estate Capital arranges permanent commercial and multifamily real estate loans.  The company has a broad capital provider base that includes insurance companies, CMBS lenders, pension fund advisors, and commercial banks.

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

Chris Caveglia

HC Real Estate Capital, LLC

660 Linton Blvd. Ste 200 EX5

Delray Beach, FL 33444

Direct: 561-266-3273

Mobile: 561-376-3176

ccaveglia@hcrecapital.com

www.HCREcapital.com

Colliers International Completes Lease of $5 Million Industrial Building in La Mirada, CA

14450 Industrial Circle, La Mirada, CA

SANTA FE SPRINGS, CA -- Colliers International, the third largest global real estate services organization, has completed the $4,998,720 lease of a 194,481-square-foot industrial building located at 14450 Industry Circle in La Mirada, Calif.

Clyde Stauff, senior executive vice president, and Ross Fippinger, associate of Colliers International represented the lessee, Marathon Distribution Services.  Rich McGeagh and Josh Bonwell of CBRE represented the lessor.

Clyde Stauff

Stauff believes the lease of 14450 Industry Circle is a great indication of the recovering health of the industrial market in the greater Mid Counties area.

Built in 1966, the industrial building offers a large yard, 26 dock high loading doors, 24 foot clear height, and is situated on 8.08 acres.

The building will be occupied entirely by Marathon Distribution Services, a third party logistics company, who will use the property for warehousing and distribution for major retailers such as Target, Costco, WalMart, K-Mart, and Nordstrom.

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

Rainee Tiske

Marketing Specialist | PR GLA| Torrance, CA

Dir +1 310 381 2413

Main +1 310 381 1000

Colliers International

3 Park Plaza, Ste. 1200, Irvine, CA 92614

www.colliers.com

www.twitter.com/colliersgla.