Marcus & Millichap Capital Corp. Arranges $10.8 Million Refinance of Apartment Building in Valley Village, CA

VALLEY VILLAGE, CA, Aug. 15, 2013 – Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged a $10,800,000 refinance for a 48-unit asset in Valley Village, Calif.

Dan Litman

            Dan Litman, a vice president capital markets in the firm’s West Los Angeles office, arranged the loan.

            “The borrower was seeking to refinance her existing property while pulling cash-out to purchase two apartment buildings within a short period of time,” says Litman. “The property was 100 percent vacant and had been for more than seven months while the borrower made upgrades.  It was critical that the lender underwrite to pro forma to obtain the leverage needed to accommodate our client.”

            “The borrower came to us because they knew we could efficiently structure the transaction,” adds Litman. “It was crucial that we moved forward with a reliable lender who could close on a vacant property and keep to the terms of the application because loan proceeds were important.”

The five-year floating term loan carried a rate of 4.75 percent with a loan-to-value of 70 percent with no exit fee.

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

Gina Relva

 Public Relations Manager

Marcus & Millichap Capital Corp.

(925) 953-1716

Marcus & Millichap Capital Corp. Secures $10.8 Million Refinance for Warehouse in Peachtree City, GA

301,704-square-foot Warehouse, Peachtree City, GA

PEACHTREE CITY, Ga., Aug.15, 2013 – Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged $10,800,000 million of debt for a 301,704-square-foot industrial warehouse asset in Peachtree City, Ga.

Tim Kinney

            Tim Kinney, a vice president capital markets in the firm’s Atlanta office, arranged the loan.

            “Marcus & Millichap Real Estate Investments Services’ senior associate Rob Fox approached us on behalf of the buyer who was looking to lock in long-term, fixed-rate, nonrecourse financing,” says Kinney.

            “Our experience in the capital markets arena and strong relationships with a variety of lenders were instrumental to our securing the business.”

            MMCC was able to source a CMBS loan that fit the client’s needs. The 10-year, 5.4 percent fixed rate loan had 30-year amortization and 75 percent loan-to-value.

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

Gina Relva

 Public Relations Manager

Marcus & Millichap Capital Corp.

(925) 953-1716

Marcus & Millichap Capital Corp. Arranges $6.1 Million Manufactured Housing Refinance in Florida

  

Manufactured housing communities in Apopka, FL and Arcadia, FL

Andrew C. Burgess

ARCADIA, FL, Aug. 15, 2013 – Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged the $6,100,000 refinance of two manufactured housing properties in Arcadia and Apopka, Florida.

Jonathan McClellan

Andrew Burgess, an associate director in MMCC’s Cleveland office, arranged the loan.

 Marcus and Millichap Real Estate Investment Services agents, Jon McClellan and Kyle Baskin referred the borrower. “The borrower wanted to provide liquidity for capital improvements to other real estate,” says Burgess.

“Low occupancy and small loan sizes presented challenges. We were able to source a lender who saw past those issues. We successfully mitigated the objections with a strong and stable cash flow at the properties and by cross collateralizing the loans,” concludes Burgess.

Kyle Baskin

The non-recourse loan has a 10-year fixed rate and is amortized over 25 years at 4.88 percent. The loan-to-value is 75 percent.

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

Gina Relva

 Public Relations Manager

Marcus & Millichap Capital Corp.

(925) 953-1716

Invest Atlanta Welcomes PulteGroup to Buckhead, GA

Gov. Nathan Deal

ATLANTA, GA (Aug 15, 2013) – Today Invest Atlanta hosted a welcome event for PulteGroup CEO Richard Dugas at Capital City Plaza in Buckhead. The event was held before Governor Nathan Deal and Mayor Kasim Reed officially welcomed the company to Atlanta.

"I could not be more pleased to welcome Richard Dugas and more than 300 PulteGroup employees to their new corporate headquarters in the City of Atlanta," said Mayor Reed.

Mayor Kasim Reed

 "This relocation is a prime example of our city’s continued strength as a great place for business and will create more well-paying jobs. 

"We have the right mix of talent, great neighborhoods and a business-friendly environment that makes our city a top choice for companies ranging from international corporations to entrepreneurial start-ups. In Atlanta, PulteGroup will be right at home.”

Richard Dugas Jr.

Invest Atlanta, along with the Georgia Department of Economic Development and the Metro Atlanta Chamber, played a leading role in choosing the new location of PulteGroup’s headquarters. The company will occupy 100,000 square feet of Class A office space in Capital City Plaza.

PulteGroup, Inc. operates Pulte Homes, Centex Homes and Del Webb.

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

Invest Atlanta

133 Peachtree St.

NE-Suite 2900

Atlanta, GA 30303

HC Real Estate Capital Arranges $8,650,000 in Financing for Town Square In Boca Raton, FL

  

Town Square Shopping Center, 21290 St. Andrews Boulevard, Boca Raton, FL

Boca Raton, FL, Aug. 15, 2013 --  Kurt Hoffmann and Chris Caveglia of HC Real Estate Capital have arranged $8,650,000 in financing for Town Square Shopping Center (“TS”) to refinance a maturing CMBS loan.  TS is located at 21290 St. Andrews Boulevard in Boca Raton, FL.

 HC Real Estate Capital worked exclusively with the borrower, Town Square Associates, LLP, a partnership controlled by Schmier & Fuerring Properties, Inc. to secure 15 year financing through their correspondent Life Insurance Company relationship ING Life Insurance and Annuity.

TS is a 39,200 square foot retail center that is currently 100% leased to a roster of national tenants including a 17,432 square foot Walgreen’s, Omaha Steaks, Juice and Java, Edward Jones, Wendy’s, Pizza Hut, Saint Moritz Jewelers and Shell Gas Station.  The property was built in 1985 and is situated on 5.60 acres adjacent to the Town Center Mall.

Kurt Hoffmann, Principal at HC Real Estate Capital states, “The borrower was able to take advantage of a low interest rate market by locking a low fixed rate forward loan commitment.”

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

RealtyTrac® Reports U.S. Foreclosure Activity Increases 2 Percent in July, Boosted by 6 Percent Increase in Foreclosure Starts

IRVINE, CA, Aug. 15, 2013 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its U.S. Foreclosure Market Report™ for July 2013, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 130,888 U.S. properties in July, an increase of 2 percent from the 78-month low in June but still down 32 percent from July 2012.

Daren Blomquist

The report also shows one in every 1,001 U.S. housing units with a foreclosure filing during the month.

“While foreclosures are continuing to boil over in a select group of markets where state legislation and court rulings kept a lid on foreclosure activity during the worst of the housing crisis, the foreclosure boil-over markets are becoming fewer and farther between as lenders have caught up with the backlog of delayed foreclosures in some of the states with the more lengthy judicial foreclosure process,” said Daren Blomquist, vice president of RealtyTrac.

“For example, Illinois foreclosure activity has now decreased on a year-over-year basis for eight consecutive months following 11 straight months of annual increases, and Ohio has seen three consecutive months with annual decreases following eight straight months with annual increases.

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:

800.462.5193

datasales@realtytrac.com

Celebration Golf Club promotes Golf Operations Manager and Golf Shop Supervisor

Celebration Golf Club interior, Celebration, FL

CELEBRATION, FL -- Celebration Golf Club has promoted Alex Wagner to golf operations manager. 

Alex Wagner

John Bixler, assistant general manager for Celebration Golf Club, said Wagner will oversee the entire golf operations at Celebration Golf Club including daily play, promotion and marketing, rates, and all golf personnel. 

“Since he chose golf management as his career path, Alex has shown dedication and a strong work ethic that have led to new roles and responsibilities,” Bixler said. 

“His commitment to customer service and his ability to react to any situation makes him a perfect candidate for this position,” Bixler said.

At the same time, Bixler said Tony Brus has been promoted to golf shop supervisor.

Tony Brus

“Tony will assist Alex with golf operations, focusing on the golf shop staff and daily shop operations,” Bixler explained. 

Brus joined Celebration Golf Club in January.

“Tony has demonstrated a passion for customer service and his professionalism, efficiency and ability to think outside the box will help us raise our customer service to the next level,” Bixler said.

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

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

National Retail Properties, Inc. Declares Dividend for its Series D and E Preferred Stock

Orlando, FL, Aug. 15, 2013 - The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its 5.70% Series E Cumulative Redeemable Preferred Stock of 41.5625 cents per depositary share payable September 16, 2013, to shareholders of record on August 30, 2013.

National Retail Properties, Inc. Declares Dividend for its 6.625% Series D Preferred Stock

Orlando, FL, Aug. 15, 2013 - The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its 6.625% Series D Cumulative Redeemable Preferred Stock of 41.40625 cents per depositary share payable September 16, 2013, to shareholders of record on August 30, 2013.

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

Kevin B. Habicht

Chief Financial Officer

(407) 265-7348

Auctions by ATG Announces Upcoming Auctions in Chicago, IL

  

Bad Influence II, a 75-foot Hatteras previously valued at $1.7 million, has a minimum bid of $1,075,000. Seats 10. Currently docked in Ft. Lauderdale, FL.

                        

Diana M. Peterson

CHICAGO, IL (Aug. 15, 2013) – Auctions by ATG has announced the firm will host two upcoming online auctions. The firm currently is accepting bids on luxury, specialty use, commercial and residential properties for an August 28 auction.

Also, an auction planned for September 17 will offer numerous post offices located throughout Illinois.

 The August 28 auction will take place online and live at 9 a.m. at One South Wacker Drive, 24th Floor, Chicago.

Both auctions are on line, but only the August auction will host a live auction at the Chicago offices as well. September is on-line only.

It features eight assets including a Hatteras motor yacht, an 18-hole golf course in Genoa, Ill., two flex warehouse spaces in Franklin Park, Ill., a single-family home in Enfield, Conn., a high-rise condominium in Chicago’s Edgewater community, residential vacant land in Lakemoor, Ill., and commercial land and buildings in Delavan, Wis.

Yacht interior

The property in Delavan is the Belfry Dinner Theater, which is ideal for renovation or redevelopment.

This high visibility, 2.5-acre property is located on Highway 67 across from Mercy Walworth Hospital and Medical Center. The property is optimal for retail, hospitality, offices, or medical use.

The auction also represents the first time Auctions by ATG will be branching out into the sale of luxury items. Bad Influence II, a 75-foot Hatteras previously valued at $1.7 million, has a minimum bid of $1,075,000.

 Currently docked in Ft. Lauderdale, Fla., it accommodates up to 10 guests in a five stateroom arrangement and features maple woodwork throughout.

Belfry Dinner Theater, Delavan, WI

 The September 17 online auction will begin at 9 a.m. at One South Wacker Drive, 24th Floor, Chicago and will offer post offices ranging from 756 square feet up to 2,431 square feet. Opening bids start as low as $34,476.

                                                               

“So far, we have 13 post offices located in small towns throughout Illinois, and we will be adding more properties to this auction,” said ATG executive vice president Diana M. Peterson.. 

“The favorable price points and rental income make these properties an attractive investment for seasoned investors seeking to build their portfolio as well as everyday citizens seeking a good investment.”

One South Wacker Drive, Chicago, IL

 Interested parties should visit www.auctionsbyatg.com to register to bid and join the mailing list to receive upcoming auction notices.

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

Mark Thomton

mthomton@taylorjohnson.com

312-267-4523

http://www.atgf.com/.  

http://auctionsbyatg.com/.

Ackerman & Co. Sells Two Net-Leases CVS Stores in Florida.

    

CVS Pharmacy, Fort Myers, FL

Atlanta, GA – Ackerman & Co.'s Jason Powell and Andrew Murphy are pleased to announce the sale of two net-leased CVS properties in Florida for nearly $14MM. These transactions mark the ninth and 10th net-leased CVS or Walgreens sold in the past 12 months.

Jason Powell

The first CVS property, located in Dade City, Fla. traded for $5,740,500. The property sold to an all-cash, 1031-exchange buyer within 10 days of contract execution. The buyer was represented by Patrick Whitney of the Marcus & Millichap Dallas office.

The second CVS property, located in Fort Myers, Fla. sold for $8,180,000 to an affiliate of New Jersey-based Roebling Investment Company. The sale included the buyer's assumption of the current CMBS loan. The buyer was represented by Ray Yung of the Minneapolis firm of Calhoun Companies.

Andrew Murphy

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast.

 The company, founded in 1967, retains an expert team of more than 100 real estate professionals.

Patrick Whitney

To date, Ackerman & Co.  has developed and acquired more than 30 million square feet of office, medical, retail and mixed-use space, has nearly 4 million square feet under management, and maintains an investment portfolio valued at $750 million.

The company’s Investment Sales and Retail team provide unsurpassed institutional underwriting and marketing that ensure optimum financial results.

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

Fara Wilson

VP of Marketing

770. 913.3904

 fwilson@ackermanco.net

www.ackermanco.com