Maury L. Carter and Associates, Inc. Opens 2014 with $12.5 Million Sale

  

Daryl M. Carter (right) and father, Maury L. Carter

 Orlando, FL – Daryl M. Carter, President of Maury L. Carter & Associates, Inc., opened 2014 with a bang!  Carter brokered the sale of its investor’s Lake Ajay-Springhead tract consisting of 212 +/- acres in Osceola County for $12,500,000 cash to Standard Pacific of Florida.  

The property is located near Medical City with frontage on Lake Ajay and Lake Springhead and is near Narcoossee Road, on the north side of Cyrils Drive. 

Standard Pacific has been building homes and communities since 1965.  They have communities in Florida, North Carolina, South Carolina, California, Arizona, Texas and Colorado.

Daryl Carter with Maury L. Carter & Associates, Inc. represented the Seller and Jason Canin with Charles Wayne Properties represented the Buyer in the Lake Ajay-Springhead/Standard Pacific of Florida transaction.   

Maury L. Carter & Associates, Inc. has completed of over $46,000,000 in transactions in the last 12 months and almost $80,000,000 since January 1, 2012. 

  Mr. Carter noticed an improvement in the real estate market in 2012 which continued to into 2013.  He has high hopes for 2014.  Peers in the real estate industry have echoed that improvement during conversations with Mr. Carter.   

Maury L. Carter & Associates, Inc. is an Orlando-based full service commercial real estate firm proficient in commercial real estate investments, asset management, brokerage, and development. The firm's officers combine more than 75 years experience in real estate investments and brokerage.

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

Maury L. Carter & Associates, Inc.

3333 S. Orange Avenue, Suite 200, Orlando, FL 32806

407-422-3144

www.maurycarter.com

Coreland Companies Expands Brokerage, Adds Two to Retail Team; Addition of veteran tenant representative enhances firm’s brokerage platform.

  

Joseph Kim

 TUSTIN, CA – Coreland Companies is pleased to announce the addition of veteran broker Joseph Kim and Junior Associate John Heard to its brokerage department.  With nearly a decade of diverse commercial real estate experience, Kim’s tenant representation expertise also expands Coreland’s menu of brokerage services.

“Joseph is a seasoned broker who has successfully represented some of the fastest-growing retailers across Los Angeles County, Orange County and the Inland Empire,” said Coreland Senior Vice President of Brokerage Steven Hogberg.  

"His regional expertise is something we value greatly, and we are pleased to enhance our brokerage capabilities with his addition.”

Prior to joining Coreland Companies, Kim served as Senior Retail Advisor with Parker Commercial Brokerage in Lake Forest, Calif., where he focused on representing restaurant and retail concepts throughout Southern California. 

John Heard

During his tenure, he completed lease transactions representing tenants such as Waba Grill Teriyaki House, Tutti Frutti Frozen Yogurt, G-Burger, Pieology (master franchisee), Pinkberry, Pho Hana, Pho Saigon, and Niko Niko Sushi. 

In addition to Kim, Coreland Companies adds Heard as an Associate of Retail Brokerage. Heard graduated from the University of San Diego in 2013 with a degree in Business Administration and Real Estate.

 During his college studies, John worked and interned at Baycrest Development Company where he provided market analysis for the commercial property developer.

“John is an exciting addition, helping us better grow our portfolio and provide a high level of service to each of our clients,” said Hogberg. “We look forward to the many contributions both John and Joseph will make as part of our team.”

 Both Kim and Heard hold California Department of Real Estate Salesperson licenses and are active members of the International Council of Shopping Centers (ICSC).  

Steven Hogberg

 Coreland Companies (www.coreland.com) is a full-service commercial real estate firm with expertise in the management and brokerage of Southern California commercial properties. 

From neighborhood shopping centers and power centers, to office and industrial complexes, Coreland’s professionals represent nearly 200 properties totaling more than 10 million square feet.

 For over 20 years Coreland has been a trusted commercial real estate partner to variety of private and institutional clients.

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

Vicky Hammond

CORELAND COMPANIES

714-210-6746

vhammond@coreland.com

www.coreland.com

Avison Young completes 23,000 square feet of Los Angeles-area office leases with expanding tech firms, signifying growing trend for the region

  

Scott Steuber

Los Angeles, CA – Avison Young, the world’s fastest-growing commercial real estate services firm, announced it has completed four office leases totaling 23,000 square feet (sf) of space with growing tech companies throughout the Los Angeles area.

Avison Young Principal Scott Steuber and Jeff Vertun, an Associate in the company’s Downtown Los Angeles office, represented the tenants – DogVacay, The DuMont Project, Bitium and Privlo – in all four transactions.

“These recent leases are testimony to a growing tech community throughout the region,” comments Steuber. “With tech companies in growth phases – many of them in various stages of venture-capital funding – these firms are solidifying their desire to remain in the area and are choosing to put roots in the ground.” 

Steuber observed that, in addition to the recent activity, Avison Young has completed a flurry of similar leasing transactions for headquarters space over the past six months.

Jeff Vertun

 The firm has represented some of the hottest companies in the tech community, which spans a wide geographic area from Pasadena to West Los Angeles including a 12,000-sf lease for Metacloud’s new headquarters in Pasadena.

“The quality of life, Los Angeles culture and amenities, as well as an abundant talent pool from local universities such as CalTech, UCLA and USC are some of the factors that attract this tenant sector,” says Steuber.

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

Darcie Giacchetto

D.G. Communications, Inc.

949.278.6224

NAIOP SoCal Announces 2014 Executive Committee and Board of Directors

Jim Proehl

Costa Mesa, Calif. January 7, 2014 – NAIOP SoCal, the leading organization for developers, owners and investors of office, industrial, retail and mixed-use real estate, announced its 2014 Executive Committee and Board of Directors. The 40-person board includes representatives from a diverse array of the commercial real estate industry’s most successful companies.

The 2014 NAIOP SoCal Executive Committee is comprised of President Jim Proehl, PM Realty Group; President-Elect Tom Wulf, Lowe Enterprises Real Estate Group; Vice President Kevin Jennings, Bank of America Merrill Lynch; Treasurer James Camp, Starwood CPG Operations; Secretary Lance Ryan, Watson Land Company; Programs & Education Liaison Pamela L. Westhoff, Sheppard Mullin Richter & Hampton; and Past President Lang Cottrell, Goodman Birtcher.

“NAIOP SoCal members are committed to industry excellence, entrepreneurial in spirit and strive to be leaders in the commercial real estate industry. It’s with great pride that we strive to provide effective leadership to this chapter and the Southern California industry,” said Proehl.

Pamela L. Westhoff

Serving alongside the Executive Committee is NAIOP SoCal’s 2014 Board of Directors including: Angela Azizian, GE Capital Real Estate; Beth Calder, CBRE; Ronda Clark, Jones Lang LaSalle; Drew Emmel, Allen Matkins; Scott Farb, CohnReznick; Tom Greubel, Irvine Company Office Properties; Kevin Hayes, Lincoln Property Company;

Aaron Hill, Bixby Land Company; John Hollingsworth, Colliers International; Fran Inman, Majestic Realty Co.; Kevin Ivey, KPRS Construction Services, Inc.; Lillian Kuo, Shea Properties; Ray Lawler, Hines; Larry Lukanish, SARES*REGIS Group; Kevin MacKenzie, HFF, L.P.; Patrick Maloney, Circle Industrial; Gregory May, Newmark Grubb Knight Frank; Justin McCusker, C.J. Segerstrom & Sons; James McFadden, Cushman & Wakefield; Scott McPherson, U.S. Bank; Jeff Moore, CBRE;

Steve Muller, The Muller Company; Susan Orloff, Ryan; Russ Parker, Parker Properties; Cynthia Pettyjohn, First American Commercial Due Diligence Services; John Premac, Chicago Title Company; Scott San Filippo, Greenlaw Partners; Joel Stensby, KPRS Construction Services;

Tom Wulf

Alison Vukovich, LBA Realty; Stephane M. Wandel, The Boeing Company; David W. Wensley, Cox, Castle & Nicholson LLP; Gregory J. West, Johnson Capital.  In addition, Brian Baker with CIBC-World Markets Corp. will serve as the liaison to the Board from the YPG Alumni Committee.

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

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

www.naiopsocal.org.

9.3 Million U.S. Residential Properties Deeply Underwater in December 2013, Down From 10.7 Million in September 2013

Daren Blomquist

 

IRVINE, CA — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its U.S. Home Equity & Underwater Report for December 2013, which shows that 9.3 million U.S. residential properties were deeply underwater — where the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated market value — representing 19 percent of all properties with a mortgage in December.

That was down from 10.7 million residential properties deeply underwater in September 2013, representing 23 percent of all properties with a mortgage, and down from 10.9 million properties deeply underwater in January 2013, representing 26 percent of all properties with a mortgage.

 The recent peak in negative equity was May 2012, when 12.8 million U.S. residential properties were deeply underwater, representing 29 percent of all properties with a mortgage.

“During the housing downturn we saw a downward spiral of falling home prices resulting in rising negative equity, which in turn put millions of homeowners at higher risk for foreclosure when they encountered a trigger event such as job loss,” said Daren Blomquist, vice president at RealtyTrac.

 “Now we are seeing the reverse trend: rising home prices resulting in falling negative equity, which in turn is giving millions of homeowners a lifeline to avoid foreclosure when they encounter a trigger event.

“On the other end of the spectrum, the percentage of equity-rich homeowners is nearing a tipping point that should result in a larger inventory of homes listed for sale and give the overall economy a nice shot in the arm in 2014.”

  

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

Jennifer von Pohlmann

PR Manager

Office: 949.502.8300 ext 139

jennifer.vonpohlmann@realtytrac.com

C&W's Jenks to Participate in RMA Women in Business Panel

Traci Jenks

ORLANDO, FL -- Cushman & Wakefield Senior Director Traci Jenks will be a featured speaker at a special general membership luncheon for the First Coast Chapter of the Risk Management Association (RMA).

The event, to be held Thursday, January 16 from 12:00 to 1:00 pm at Maggianos restaurant on Mid Town Parkway, will focus on Women in Business.

Jenks will be joined on the panel by Ennis Pellum & Associates' Anna Lopez Brosche, TD Bank's Cindy Stover, Audry Moran of Baptist Health and Amy Austin of F&G Construction.

 The panel is sponsored by Humana and Trinity Fitness. 

Admission is $30 and pre-registration is required by Monday, January 13. Please contact chapter Treasurer Laurie Reddish for more information.

Cindy Stover

The RMA is a member-driven professional association whose sole purpose is to advance sound risk principles in the financial services industry.

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

david.meyer@cushwake.com