Low key membership drive at four Central Florida area golf clubs results in new members

 CELEBRATION, FL --- Celebration Golf Management’s low key first quarter membership drive at four area golf clubs resulted in a significant increase in members.

                                   

                                     Golden Bear Gold Club, Windermere, FL

Kenny Nairn, chief operating officer at Celebration Golf Management said the low-key membership drive resulted in 12 new golf club members at Golden Bear Golf Club in Windermere, 36 new members at Redtail in Sorrento, six new members at Stonegate at Solivita in Kissimmee, and two new members at Kings Ridge in Clermont.

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                                  Redtail Golf Club, Sorrento, FL

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

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

Cuhaci & Peterson Architects awarded contract to handle interior renovation for tool/equipment retailer in Casselberry, FL

ORLANDO, Fla. --- Cuhaci & Peterson Architects, based in Orlando’s Baldwin Park was recently awarded a contract to complete interior renovations at Northern Tool and Equipment Company in Casselberry.

Lonnie Peterson, chairman of Cuhaci & Peterson Architects, said the Northern Tool facility is located at S.R. 436 and U.S. 17-92 and the renovations will cover some 15,000 square feet of retail space.

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

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

Cuhaci & Peterson Architects awarded contract to design professional offices for Central Florida Oral Surgery

 

 ORLANDO, Fla. -- Cuhaci & Peterson Architects, based in Orlando’s Baldwin Park was recently awarded a contract to design a new Central Florida Oral Surgery facility in Oviedo.

Lonnie Peterson, chairman of Cuhaci & Peterson Architects, said the medical professional building will be 3,500 square feet and located on Red Bug Lake Road.

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

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

Alex Rey Joins Colliers International South Florida

Alex Rey

MIAMI, FL, June 5, 2013 - Colliers International South Florida is pleased to announce that Alex Rey has joined its team as Senior Investment Sales Associate.

"Alex's 20-plus years handling a wide variety of real estate transactions from acquisition and disposition through development, financing and asset management, make him a strong addition to our team," said Stephen Nostrand, CEO of Colliers International South Florida.

"Alex's experience in multifamily development will elevate the success that we have been accelerating for our clients. His focus on strategies to capture value and execute quickly has already appealed to owners and their partners."

Stephen Nostrand

Prior to joining Colliers, Rey headed strategic accounts and partnerships for Credomatic of Florida, Inc., where he was the 2011 and 2012 top producer for the banking and credit card merchant services company, a subsidiary of The Grupo Aval, a $48 billion banking-financial services conglomerate.

Licensed as a Florida real estate broker since 1990, Rey worked closely with the Office of Community Development, The Moss Plan and Miami-Dade County on a range of affordable housing and economic development projects in South Miami-Dade County. 

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

Marcus & Millichap Sells 97-Unit Apartment building in Pompano Beach, FL for $2.8 Million

  

    Parkside Apartments, Pompano Beach, FL

 POMPANO BEACH, FL, June 5, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Parkside Apartments, a 97-unit apartment property located in Pompano Beach, FL.

Derek R. Gibbs

The asset commanded a sales price of $2,887,500. The property is located at 930 NW 9th Avenue in Pompano Beach.

Senior Associates Derek R. Gibbs and Daniel J. Cunningham and Vice President Investments Tal I. Frydman in Marcus & Millichap’s Ft. Lauderdale office had the exclusive listing to market the property on behalf of the seller, a limited liability company from Miami.  The buyer, a limited liability company from Pompano Beach, was also secured by Gibbs, Cunningham and Frydman.

"The strengthening debt market has increased demand for larger apartment buildings as investors are able to take advantage of historically low interest rates and see a better cash-on-cash return and hedge against inflation.

Daniel J.
Cunningham

“Compared to most multifamily buildings in the area which have under 50 units, Parkside Apartments provided the buyer an opportunity to obtain a critical mass of units in one investment," says Gibbs. 

"The buyer, who owned other properties in the area, was expanding his portfolio and the seller wanted to move their equity into larger apartment buildings in Tampa and Orlando," he adds.

The Parkside Apartments was constructed between 1958 and 1959 and consists of seven two-story buildings containing 97 units on a 2.38-acre site. The unit mix consists of 18 studio units, 51 one-bedroom/one-bathroom units and 28 two-bedroom/one-bathroom units.

Tal I. Frydman

The Parkside Apartments is located in a neighborhood that primarily consists of small apartment buildings and single-family residences and is directly to the north of Blanche Ely High School, Hopewell Pre-school Academy and Sanders Park Elementary School.  It is also across the street from the 16.1 acre Mitchell-Moore Park.

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

 Gregory Matus

Regional Manager

Vice President

 Fort Lauderdale, FL

(954) 245-3400

Morrison Commercial Real Estate Completes 8,993-SF Medical Office Building Sale in Windermere, FL for $192 Per SF

     1805 Maguire Road, Windermere, FL office building

ORLANDO, FL (JUNE 5, 2013):  Greg Morrison, CCIM, SIOR, Principal of Morrison Commercial Real Estate, announced the completion of the sale of the 8,993 square foot medical office building located at 1805 Maguire Road in Windermere, Florida.

Lawson Dann

Lawson Dann, Vice President of Morrison Commercial Real Estate, represented the seller, SunTrust Bank, in the sale of the 8,993 square foot medical office building for $1,725,000.00.  The buyer was David W. Boers, DDS, PA., who is occupying a portion of the building.

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

Jennifer Eubanks

Phone: 407.440.6650

 jeubanks@morrisoncre.com

National Retail Properties, Inc. Announces Redemption Of 5.125% Convertible Senior Notes Due 2028

ORLANDO, FL,  June 5, 2013 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN) (the "Company") today announced that it is notifying holders of its 5.125% Convertible Senior Notes due 2028 ("Notes") that the Company will redeem all outstanding Notes on July 11, 2013.

The Notes will be redeemed in cash at a price equal to 100% of the principal amount of Notes being redeemed, plus accrued and unpaid interest to, but excluding, July 11, 2013.  As of June 5, 2013, approximately $222.9 million aggregate principal amount of Notes remained outstanding.

The Company also announced that holders may elect to convert all or a portion of the Notes into cash and, if applicable, shares of the Company's common stock, par value $0.01 per share ("Common Stock"). 

The current conversion rate for the Notes is 39.536 shares of Common Stock per $1,000 principal amount of Notes, which is equal to a current conversion price of approximately $25.29 per share of Common Stock.

Holders wishing to convert such Notes must satisfy the requirements for conversion set forth in the Indenture and surrender such Notes for conversion no later than 5:00 p.m. (New York City time) on July 9, 2013.

The notice of redemption containing the information required by the terms of the Indenture governing the Notes was sent to registered holders of the Notes on June 5, 2013.  U.S. Bank National Association will act both as the paying agent for redeemed Notes and as the conversion agent for converted Notes.

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

investorrelations@nnnreit.com

www.nnnreit.com.  

Seagis Property Group Hires Berger Commercial Realty to Manage 4.7 Million SF of Flex/Industrial Space in Broward and Miami-Dade Counties

 

    Fort Lauderdale Commerce Center, Fort Lauderdale, FL

FORT LAUDERDALE, FL (June 5, 2013)- Seagis Property Group, a Pennsylvania-based owner of industrial real estate in South Florida, has hired full-service commercial real estate firm Berger Commercial Realty to manage a  portfolio of 38 flex and industrial properties totaling approximately 2.7 million square feet of space in Miami-Dade County and 2 million square feet of space in Broward County.

Lloyd C. Berger

 Berger Commercial Realty previously provided management services to Seagis Property Group from 2007 to 2011. The firm also handles leasing for several Seagis properties in Broward County, including four buildings at the Fort Lauderdale Commerce Center, as well as the Palm Crossing North, South and Central properties in Fort Lauderdale.

 "We are seeing a new trend of institutional owners seeking regional, independently owned real estate firms with in-depth knowledge of the local market and Seagis recognizes that we have the highly effective management expertise they are looking for in Broward and Miami-Dade counties," said Berger Commercial Realty President Lloyd Berger.

Palm Crossings, Fort Lauderdale, FL

"We are pleased to further strengthen our partnership with Seagis by providing them with the superior management services that are the foundation of our firm's success."

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

Marielle Sologuren

Pierson Grant Public Relations

msologuren@piersongrant.com

(954) 776-1999, ext. 226

www.bergercommercial.com.

www.seagisproperty.com

Kobie Marketing Reaffirms Presence in St. Petersburg, Florida with Office Expansion in City Center

           City Center, St. Petersburg, FL

St. Petersburg, FL - Kobie Marketing, a recognized leader in the loyalty marketing industry based in St. Petersburg, Fla., has recently renewed and expanded its marquee presence in the City Center office complex in the Downtown Central Business District. 

Larry Feldman

The newly designed and expanded workspace being delivered in the months ahead will span nearly 26,000 square feet and include a rooftop terrace, soon to be known as the Kobie Oasis. This new space will foster creativity, while helping to attract and retain the brightest talent – enabling Kobie’s continued business success. 

Kobie Marketing was represented by David Box of Box Realty Advisors with assistance from Lyle Fogarty at Redstone.  City Center was represented by the owner, Larry Feldman of Feldman Equities, Inc. 

Michael Hemsey

Michael Hemsey, President of Kobie Marketing, remarked: “We used this time as an opportunity to evaluate our workplace needs, and determine where would be the best place for our employees to continue their great work.  

"At the end of this period it was clear that our employees loved the energy and environment of Downtown St. Petersburg and we went with the choice that would fit with our creative, nurturing company culture.”

Larry Feldman, CEO of Feldman Equities and co-owner of City Center commented,  “We look forward to serving Kobie as a long term tenant at City Center and we’re thrilled to accommodate Kobie’s expansion.”  With a firm desire to remain in the Downtown St. Petersburg area, an exhaustive search executed by the company’s leadership and real estate advisors, Kobie determined that the best fit for the brand and its 110 employees is to remain and grow at City Center.

  

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

Feldman Equities

Larry Feldman,

727-822-3395

lfeldman@feldmanequities.com

 http://www.kobie.com.

www.citycenterstpete.com

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