McCarthy Building Companies Raises Over $74,000 for the American Heart Association’s

  

Michael Bolen

 Newport Beach, CA – Heart disease and stroke are the No. 1 and No. 4 killers in America. The employees at McCarthy Building Companies are trying to change these overwhelming statistics by leading the charge in the fight against cardiovascular disease.

As the top fundraiser for the American Heart Association’s (AHA) 2013 Orange County Heart Walk, approximately 140 employees from McCarthy’s Southern California Division raised a total of $74,710 for the walk.

 Joel Nasers, senior preconstruction director for McCarthy, personally raised $31,700 in donations and is the event’s top individual fundraiser.

A record total of $1.6 million was raised at this year’s Orange County Heart Walk on February 3, 2013. Approximately 3,000 people participated in the annual 5k which was held for the first time at Disneyland® Resort in Anaheim. 

Now in its 32nd year, the Orange County Heart Walk is an annual event that brings the community together to help achieve the AHA’s 2020 impact goal of improving the cardiovascular health of all Americans by 20 percent while reducing deaths from cardiovascular disease and stroke by 20 percent.

McCarthy is one of the largest commercial construction companies in the U.S. and is a strong supporter of AHA efforts in Orange County and nationwide. 

Since 2004, the firm’s Southern California Division in Newport Beach has been actively involved in the AHA Orange County Heart Walk, lending volunteer support and raising more than $626,000 for the cause. Michael Bolen, McCarthy Building Companies CEO is Chairman of the Board of Directors, Orange County Division AHA and is also the Co-Chairman, OC Heart Walk 2012-2013.

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

Laura Mickelson (LM Communications)                                

Lauramickelson@cox.net;

(949) 453-0851                            

Susan Garritano (McCarthy Building Companies, Inc.)    

Sgarritano@mccarthy.com;

 (314) 968-3300                          

Berger Commercial Realty Broker Steve Hyatt Closes $5.6 Million Purchase of 5.7-Acre Property in Fort Lauderdale, FL for Holman Automotive, Inc.

Steve Hyatt

 FORT LAUDERDALE, FL (March 5, 2013) – Berger Commercial Realty Senior Vice President Steve Hyatt recently represented Holman Automotive, Inc. in the purchase of a 5.7-acre property in Fort Lauderdale for $5.6 million from the Causeway Lumber Company.

 Holman Automotive, the ninth largest automotive dealership group in the United States by revenue according to Ward's Dealer Business, plans to develop the site into a major new service facility for BMW and MINI.  

The property, located at 2627 S. Andrews Ave., currently serves as a retail showroom for Causeway Lumber Company, which will be moving to a nearby location.

 "Automotive franchise laws and regulations regarding the establishment or relocation of a dealership are very complex," Hyatt said. "This property met the needs of Holman Automotive and we were able to negotiate a valuable deal for both parties."

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

Marielle Sologuren

Pierson Grant Public Relations

(954) 776-1999, ext. 226

msologuren@piersongrant.com

MBA DataNote: Commercial and Multifamily Mortgages Banks’ Best Performing Loans and Leases through Credit Crunch and Recession

                                     

 Washington, DC (March 5, 2013) – An analysis of data from the Federal Deposit Insurance Corporation (FDIC) shows that commercial and multifamily mortgages fared better through the credit crunch and recession than any other major type of loan held by banks and thrifts, according to a DataNote released today by the Mortgage Bankers Association (MBA).

 Analyzing year-end 2012 data from the FDIC, MBA found that throughout the credit crunch and recession, commercial and multifamily mortgages had delinquency rates lower than the average delinquency rate for banks’ overall books of loans and leases, and that the charge-off rates for commercial and multifamily mortgages were lower than for any other major loan type held by commercial banks and thrifts.

“Commercial and multifamily mortgages were a net positive for banks and thrifts through the credit crunch and recession,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research.

 “The amount of credit extended by banks stayed relatively constant during the recession, the delinquency rates for commercial and multifamily mortgages remained relatively subdued, and banks and thrifts saw far less in charge-offs for their commercial and multifamily mortgages than they did for other loan types.”

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

  Matt Robinson,

 (202) 557-2727

Commercial/Multifamily Mortgage Delinquency Rates Continued Down in Fourth Quarter

Jamie Woodwell

 WASHINGTON, D.C. (March 5, 2013) – Delinquency rates continued to decline for commercial and multifamily mortgage loans in the fourth quarter of 2012, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

 “The delinquency rates for commercial and multifamily mortgages dropped again in the fourth quarter,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research.  “The continued decline is being driven by improving property fundamentals and a strong finance market.”

 During the fourth quarter of 2012, the 60+ day delinquency rate for commercial and multifamily mortgages held in life company portfolios decreased 0.04 percentage points to 0.08 percent.

The 60+ day delinquency rate for multifamily loans held or insured by Freddie Mac decreased 0.08 percentage points to 0.19 percent. The 60+ day delinquency rate for multifamily loans held or insured by Fannie Mae decreased 0.04 percentage points to 0.24 percent. 

The 90+ day delinquency rate for loans held by FDIC-insured banks and thrifts decreased 0.32 percentage points to 2.62 percent. The 30+ day delinquency rate for loans held in commercial mortgage-backed securities (CMBS) decreased 0.13 percentage points to 8.73 percent.

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

  Matt Robinson,

 (202) 557-2727

McKenna Long & Aldridge LLP Opens Office in South Korea

Jeff Haidet

 ATLANTA, GA (March 5, 2013) — McKenna Long & Aldridge LLP (MLA) announced today that it received all approvals from Korea’s Ministry of Justice to open a foreign legal consultant office in Seoul, South Korea.

 The U.S.-Korea Free Trade Agreement – which represents significant opportunities for U.S. and Korean companies to increase trade between the countries – provides for a staged opening of Korea’s legal services market to U.S. law firms.

 “McKenna Long & Aldridge has assisted many U.S. and Korean companies and governmental entities in every stage of trade and investment undertakings and dispute resolutions,” said Jeff Haidet, MLA Chairman.

Song K. Jung

“As a firm, we are highly experienced with the legal, business and cultural practices in Korea,” said Song Jung, MLA Intellectual Property and Technology Practice Chair and a member of the board of directors of The Korea Society.

“Our established relationships with leading Korean companies as well as our ties to the Korean business community create vast opportunities for U.S. and Korean businesses seeking to take full advantage of the U.S.-Korea Free Trade Agreement,” added Mr. Jung.

Andrew J. Park

The firm’s Seoul office is managed by MLA partner Andrew Park, who is based in Seoul.

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

Courtney B. Smith,

202-496-7144,

cbsmith@mckennalong.com

 

mckennalong.com

Lincoln Property Company Southeast Brokers 17,500 SF in New Leases at Eleven Seventeen Perimeter in Atlanta, GA

1117 Perimeter, Atlanta, GA

ATLANTA, GA (March 5, 2013) – Lincoln Property Company Southeast has brokered two new office leases totaling 17,500 square feet at Eleven Seventeen Perimeter, a five-story, Class-A building located in the Perimeter submarket of Atlanta.

 Leigh Braswell, vice president of Lincoln Property Company Southeast, and Sabrina Altenbach, a leasing associate with the firm, represented the landlord in both of the deals.

Leigh Braswell

The transactions are as follows:

 • Experian, a provider of consumer and business credit reporting and marketing services, has signed a long-term lease for 12,000 square feet that will begin on April 1. Tim McCarthy and Chris Wagner of Jones Lang LaSalle represented the tenant.

Sabrina Altenbach

 • Signature Management, a firm that develops, finances and manages multifamily communities, has signed a long-term lease for 5,500 square feet. The lease begins on March 1. Tom Wesley of The Wesley Co. represented the tenant.

 The space leased by Signature Management required a proactive approach to encourage leasing, and Lincoln Property Company aggressively recommended certain “make ready” improvements, which the landlord acted on and which directly led to a new lease being executed within 30 days of the work being completed.

Tony Bartlett

 “We continue to be pleased with the activity at Eleven Seventeen Perimeter,” said Tony Bartlett, senior vice president of Lincoln Property Company Southeast. “Experian and Signature are great fits for this building, and these transactions are just the latest example of the outstanding job Leigh and Sabrina have done in creating value for our landlord client.”

 Contact

Stephen Ursery

The Wilbert Group

404-965-5026

sursery@thewilbertgroup.com