SR Commercial Acquires Its 10th Property in San Diego, CA Market

  

2611 Business Park Drive, Vista, CA

 SAN DIEGO, CA (Feb. 14, 2013) – SR Commercial, a privately held, full-service commercial real estate investment company, has completed its tenth acquisition in the San Diego market. 

The firm recently acquired a 125,000 square-foot, Class A industrial warehouse for a total consideration of $10 million in Vista, Calif.; and a 32,842 square-foot industrial building in Oceanside, Calif. for a total consideration of $2.9 million, according to CJ Stos, a Principal of SR Commercial. 

CJ Stos

“Right now is the ideal time to invest in the San Diego industrial market,” says Stos, who founded SR Commercial with Adam Robinson.  “Pricing is still competitive while debt remains low and the tenant market is getting stronger, which is an attractive combination. 

"Demand for investment-grade product in the market continues to climb, which will ultimately drive values higher, delivering strong ROI for those who invest now.”

The firm acquired eight industrial properties in 2012, and plans to double its investment amount in 2013, according to Stos.

Adam Robinson

“Our goal is to have over a million square feet of owned quality industrial product by the end of the year,” he says.

In keeping with this strategy, SR Commercial recently acquired two industrial assets in the San Diego market, including:

SR Commercial acquired a 125,000 square-foot, Class A industrial property located at 2611 Business Park Drive in Vista, Calif. for a total consideration of $10 million.

SR Commercial also acquired a 32,842 square foot multi-tenant, industrial flex building in Oceanside, Calif. for a total consideration of $2.9 million. The property is located at 1935 Avenida Del Oro in Oceanside, Calif. 

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

Jenn Quader / Judith Brower

Brower, Miller & Cole

(949) 955-7940

 jquader@browermillercole.com

www.BrowerMillerCole.com

www.sr-commercial.com.

Capital Square Realty Advisors Launched by Commercial Real Estate Investment Veteran Louis Rogers

  

Louis J. Rogers

 RICHMOND, Va. (Feb. 14, 2013) – Louis J. Rogers, a 29-year veteran of commercial real estate investments, has launched Capital Square Realty Advisors, LLC.

Capital Square provides institutional quality real estate investments for high net worth investors seeking replacement property for Section 1031 exchanges and regular cash investments. The company uses the Delaware Statutory Trust structure to syndicate properties in smaller units for acquisition by qualified, high net worth investors.

“The DST structure is a proven and efficient vehicle for syndicating commercial real estate investments,” said Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors. “Capital Square structures real estate investment programs intended to provide superior risk adjusted returns to investors along with material tax advantages.”

  

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

Jill Swartz                                                                            

Spotlight Marketing Communications                    

949.427.5172, ext. 701 – office                                  

949.485.1552 – cell                                                          

 jill@spotlightmarcom.com

Louis Rogers

Capital Square Realty Advisors, LLC

804.290.7900 – office

804-833-1031 – cell

 lrogers@capitalsquareholdings.com

Morrison Commercial Real Estate Completes Rebranding of Alliance International Business Center in Orlando, FL

Lisa Bailey

           

ORLANDO, FL (Feb.14, 2013):  Morrison Commercial Real Estate announced the completion of the rebranding of Alliance International Business Center.

Lisa Bailey and  Patrick Morrison of Morrison Commercial Real Estate, along with Rebecca Whitley of Morrison CLW Property Services, worked with ownership Bel-Cal Properties, Inc. to completely renovate and rebrand Alliance International Business Center, formerly known as Grand National Plaza.

Patrick Morrison

 Exterior improvements to the property include professionally painted roof tiles, sealed and striped parking lot, lush landscaping.

Ready-made spaces are available, as well as a complementary conference room and courtyard seating with WIFI access. An addition of a New York Deli serves breakfast and lunch. The property also features centrally located on-site property management and an on-site maintenance engineer.

Contact:

Sarah Holodick

Phone: 407.219.3500

Email:  sholodick@morrisoncre.com

Emerson International negotiates three leases totaling 4,000+ SF of office space in Central Florida

Zac Starkey

ALTAMONTE SPRINGS, FL --- Emerson International closed on three new long-term lease agreements that total 3,619 square feet of office space in the CenterPointe Office Park in Altamonte Springs and Louisiana Office Park in Winter Park.

Zac Starkey, commercial leasing associate at Emerson International, negotiated all three lease agreements.

 At the CenterPointe Office Park, New Foundations Christian Ministries leased 2,148 square feet of office space and McGwier Family Law leased 740 square feet.

CenterPointe Office Park, Altamonte Springs, FL

The Astra Group leased 1,030 square feet at Emerson’s Louisiana Office Park on Louisiana Ave. in Winter Park.

 For more information, contact

  Zac Starkey, Commercial Associate, Emerson International, Inc. 407-834-9560; 

zstarkey@emerson-us.com

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com

Hunter Hotel Advisors Promotes Danny Givertz to Senior VP

Danny Givertz

 LOS ANGELES, CA and ATLANTA, Ga, Feb. 14, 2013—Hunter Hotel Advisors today announced that it has promoted Danny Givertz to senior vice president.

Givertz joined Hunter in January 2010 as vice president and has been responsible for building a strong West Coast presence for the firm.  He oversees Hunter’s Los Angeles office, with a focus on the western U.S.

“Danny has been one of our company’s most productive brokers, closing 14 transactions in 2012, including six in the past two months, which puts him at a pace of some two deals a month,” said Teague Hunter, president of Hunter Hotel Advisors. 

Teague Hunter

 “He has a great understanding of the hospitality space for a very diverse territory and has developed excellent relationships with hotel owners, brands, management companies and lenders.”                                                    

With nearly 15 years of hotel brokerage experience, Givertz has represented all of the major brands, including both full-service and select-services hotels in the Hilton, Marriott, Starwood and Intercontinental Hotel Group.  He holds a Bachelor of Science Degree in Business Administration and Real Estate Finance from Pepperdine University.

 

“Hunter has valued more than 50 hotels in the western U.S. in the past six months, which is a good indicator of market sentiment and future activity,” said Hunter.  

 “Today, hotel owners don’t always live in the immediate vicinity of their properties.  Our national network of seven offices allows us to identify and serve buyers throughout the U.S.  We currently have more than 100 properties under exclusive brokerage agreements nationally.”

Contact:  

Jerry Daly media

(703) 435-6293                                                                                                                

jerry@dalygray.com

www.hunterhotels.net

Manhattan Construction Co. to Build Georgia Poultry Laboratory Network’s New Headquarters in Hall County, Ga.

Barton Plunkett

 ATLANTA, GA (Feb. 14, 2013) – The state of Georgia has awarded Manhattan Construction Co. a $9.5 million contract to build the Georgia Poultry Laboratory Network’s new 38,000-square-foot headquarters off Highway 365 in unincorporated Hall County, Ga.

Construction of the single-story building, which will feature laboratories with biosafety levels (BSLs) of 2 and 3 as well as general office space, is slated to begin in April. Completion is scheduled for 2015.

 The network provides diagnostic and monitoring services to Georgia’s commercial poultry industry to ensure the safety and health of poultry flocks, eggs and other poultry products. Its headquarters are currently located in Oakwood, Ga.

U.S. Army Research Institute
 of Infectious Diseases (USAMRIID)
replacement facility in Fort Detrick, Md

“We are excited to support the state of Georgia in its efforts to improve the poultry industry through the application of improved diagnostic and monitoring technologies,” said Barton Plunkett, a senior vice president for Manhattan who oversees the firm’s Atlanta office.

 “At Manhattan, we are committed to playing an important role in projects that strengthen job-creating industries throughout the state.”

Rendering of Georgia Poultry
Laboratory Network’s new 
38,000-square-foot headquarters 
 Hall County, Ga.

 More than 100,000 residents of Georgia are either directly or indirectly employed by the poultry industry.

 Manhattan Construction has constructed some of the nation’s most advanced science and technology facilities. The company is currently building the U.S. Army Research Institute of Infectious Diseases (USAMRIID) replacement facility in Fort Detrick, Md. When complete, it will contain the largest block of BSL 3 and 4 laboratory suites in the world.

For more information, please visit: 

www.manhattanconstruction.com or connect with us @ManhattanBuild, via Facebook/ManhattanConstruction and on LinkedIn.

 Media Contact:

Stephen Ursery

The Wilbert Group

E-mail: sursery@thewilbertgroup.com

Office: (404) 965-5026

Cell: (404) 405-2354

www.wnspr.com

U.S. Foreclosure Starts Fall to Six-Year Low in January as Scheduled Foreclosure Auctions Increase in 26 States

Daren Blomquist

IRVINE, CA, Feb. 14, 2013 — RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties and real estate data, today released its U.S. Foreclosure Market Report™ for January 2013, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 150,864 U.S. properties in January, a decrease of 7 percent from the previous month and down 28 percent from January 2012. 

The report also shows one in every 869 U.S. housing units with a foreclosure filing during the month

“The U.S. foreclosure landscape in January was profoundly altered by the effects of new legislation that took effect in California on the first of the year,” said Daren Blomquist, vice president at RealtyTrac.

 “Dubbed the Homeowners Bill of Rights, this legislation extends many of the principles in the national mortgage settlement — including a prohibition on so-called dual tracking and requiring a single point of contact for borrowers facing foreclosure — to all mortgage servicers operating in California.

 

“ In addition the new law imposes fines of up to $7,500 per loan for filing of multiple unverified foreclosure documents. 

"As a result, the downward foreclosure trend in California accelerated into hyper speed in January, decisively shifting the balance of power when it comes to the nation’s foreclosure activity.”

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

Jennifer von Pohlmann

949.502.8300, ext. 139

jennifer.vonpohlmann@realtytrac.com

Ginny Walker

949.502.8300, ext. 268

ginny.walker@realtytrac.com

Data and Report Licensing:

Data Sales Department

800.462.5193

datasales@realtytrac.com