Monday, February 17, 2014

Atlanta's CFLane Hires Jaime Rauscher to Head Up Carolina and Mid-Atlantic Regions


Jaime Rauscher
 ATLANTA, GA (Feb. 17, 2014) — CFLane, one of the fastest-growing apartment-management firms in the country, has hired Jaime Rauscher as regional vice president.

 She will be based in Charlotte, N.C., and will oversee the North Carolina, South Carolina, Maryland, Virginia and Washington D.C. markets for the firm.

 Rauscher has extensive experience in managing a wide array of multifamily assets, including student housing, conventional apartments, high-rise units, affordable housing, new construction and value-add properties.

Most recently, she was the director of due diligence and transitions at Cortland Partners, where she managed the due diligence and acquisitions processes for more than 10,000 units throughout the Southeast.

 Before her stint at Cortland, she served as the regional director of multifamily management for Drucker and Falk LLC, where she oversaw the management of 22 properties totaling 4,000 units in the Southeast.

She also was involved in the firm’s acquisition of more than 2,000 units. Additionally, Rauscher has held management positions with Bell Partners, Lane Company, Gables Residential and Ram Partners.

 “Jaime is truly the perfect fit for us,” said Byron Cocke, co-CEO of CFLane. “She brings a diverse range of experience and expertise, matching our diverse portfolio of multifamily communities. 

"We have targeted the Carolinas and Mid-Atlantic as areas of strategic growth for us in 2014, and Jaime’s background and skill sets will be major assets in helping us to realize that expansion.”

Byron Cocke
 Rauscher holds the Housing Credit Certified Professional (HCCP) designation, created by the National Association of Home Builders and endorsed by the Institute of Real Estate Management. 

She has served as president of the Athens Apartment Association in Athens, Ga. She majored in business management at the University of Georgia.

 CFLane was created in spring 2013 when CFI, a full-service multifamily investment firm based in Atlanta, acquired Lane Company, forming a management and services subsidiary. 

Before the merger, CFI had approximately 10,000 apartment units under management, while Lane Company accounted for another 18,000 units. 

Since the merger, CFLane has added approximately 12,000 units to end 2013 managing 40,000 apartment units in 18 states, from Maryland to Nevada.

 The last three months of the year proved particularly active, as CFLane took over the management of 50 properties. CFLane’s portfolio includes communities owned by both CFI and third parties.

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

Stephen Ursery
The Wilbert Group
404-549-7150 (O) 404-405-2354 (C)

Anantara Vacation Club in Thailand Gallop-s Into the Year of the Horse



Anantara Vacation Club, Phuket, Thailand

Phuket, Thailand (Feb. 17, 2014)…Anantara Vacation Club, a unique luxury vacation ownership product, is galloping into the Year of the Horse after an incredibly successful 2013, marked by a growing portfolio of award-winning properties, an increase in membership and Club owner satisfaction, facilities development and renovations and an increased community charitable presence.

Harold Derrah
 As Anantara Vacation Club comes out of the gates in 2014, it has taken the reins as Asia’s leader in the growing shared ownership market, providing a wide array of unique experiences and flexibility for owners.

“We are delighted with the exceptional growth and development our team achieved in 2013,” said Harold Derrah, CEO of Anantara Vacation Club.    “Our entry into China and extended reach across Asia will fuel our continued growth.   By investing in our properties, service culture, and local communities, we have set the stage for a successful 2014.”

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

 Hwee Peng Yeo
Director of Asian Markets
Glodow Nead Communications
Level 21, Centennial Tower
3 Temasek Avenue
Singapore 039190


ZipRealty Finds California Is For Lovers! Golden State Homes Rank as the Most Romantic


San Francisco Bay Area
EMERYVILLE, CA -- ZipRealty just released a study on how frequently the word ‘romantic’ is used in a home listing description, based on data compiled in 2013 on 24 major metros on ZipRealty.com.

Less than 1% of all the homes were described as romantic, but California has the most romantic homes, according to the results. Four of the top five metro areas are located in the Golden State: Orange County, Los Angeles, San Diego and the San Francisco Bay Area.

Home listings with the word romantic were 86% more expensive and nearly one-third larger than those without the term.


Metro Area
Percent of Listings
Median List Price of Homes With/Romantic
Median List Price of Homes Without Romantic
Avg. Square Feet of Homes With Romantic
Avg. Square Feet of Homes Without Romantic






1) Orange County, CA
1.91%
$799,444
$545,000
2,690
1,945
2) Los Angeles
0.81%
$899,000
$349,500
2,942
1,973
3) San Diego
0.36%
$899,495
$439,000
3,552
1,939
4) SF Bay Area
0.30%
$818,000
$596,000
2,207
1,865
5) Tucson, AZ
0.27%
$299,950
$169,000
2,563
1,896






Source: ZipRealty, Inc.












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

Stacey Corso
Public Relations Manager
ZipRealty, Inc.
Office: 510.735.2667
Cell: 415.672.6460
Follow us on Twitter: @ZipRealty

 

Cousins Reports Results for Quarter and Year Ended Dec. 31, 2013


Larry Gellerstedt
ATLANTA, GA--Cousins Properties Incorporated (NYSE:CUZ):

Highlights

  • Funds From Operations for the fourth quarter were $0.18 per share, up from $0.14 in the prior year.
  • Same property net operating income for the fourth quarter was up 3.7% over the prior year.
  • Cousins Properties Incorporated (NYSE:CUZ) today reported its results of operations for the quarter and year ended December 31, 2013.

"Our fourth quarter performance demonstrates a successful finish to a transformative year at Cousins," said Larry Gellerstedt, President and Chief Executive Officer of Cousins.

 "Our team executed exceptionally well in 2013, producing strong financial results and further positioning the company in high-growth Sunbelt markets while maintaining a solid balance sheet."

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

Cousins Properties Incorporated
Gregg D. Adzema, 404-407-1116
Executive Vice President and
Chief Financial Officer

or
Marli Quesinberry, 404-407-1898
Director, Investor Relations and
Corporate Communications



Franklin Street Arranges Sale of Miami Gardens Apartment Community for $6 Million


Deme Mekras
MIAMI, FL (Feb. 17, 2014) — Franklin Street Real Estate Services announces the sale of a 112-unit apartment community in Miami Gardens, Fla. for $6,050,000 or $54,017.86 per unit.

Deme Mekras, Elliot Shainberg, and David Reinke, all of Franklin Street Real Estate Services, represented the seller, a local investor George Dancea. The buyer is a local investor, led by Joseph Lehman.

“The buyer was the most aggressive of the 11 bidders we had,” Mekras said. “He was the one that that saw the most upside in the property and was confident in his ability to capture it.

“ As a result he was willing to pay more than the rest and take the risk for the privilege of owning 100+ units of infill Miami-Dade apartments.”

The Franklin Street team was also instrumental in navigating a requirement of the trade, that the buyer must finance the deal with the existing lender, Mercantil Commercebank.


Elliott Shainberg
 The buyer plans on spending close to $1 million in renovations including new cabinets and flooring, adding an electronic entry gate and repaving the parking lot, all to improve the quality of the tenant base and to boost rents.

 “Through multiple renovations the buyer will be able to increase the value and net operating income of the property,” Mekras said. 

Mekras also noted the rents for the property were the lowest in the comparable area signaling potential buyers to see the true upside in renovations.

“Very few value-add opportunities over 100 units are left in South Florida,” Shainberg said. “So when these kinds of properties become available on the market, there is a lot of investor demand.” 

Built in 1972, 611 NW 177 Street is a concrete block apartment community consisting of five buildings, each with two stories situated on 4.08 acres of land. The property is located two blocks west of SR-441 and within walking distance to a Walmart Supercenter.

David Reinke
 Franklin Street is a family of real estate companies focused on delivering value-added solutions to meet the evolving needs of our clients. 

Through a collaborative philosophy of leveraging the resources, expertise, and experience of each of its divisions—Real Estate, Capital, Insurance and Management—Franklin Street offers unmatched value and optimal solutions for clients nationwide.

 For more information on Franklin Street, please see the company’s website at www.FranklinSt.com.


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

Todd Templin
Executive Vice President, Boardroom Communications
1776 N. Pine Island Road, Suite 320
Plantation, FL  33322
Office phone: 954-370-8999
Cell: 954-290-0810

NAI Realvest Negotiates Three Leases for Class B Office Space in Lake Mary, FL totaling more than 6,400 square feet


The Crystal Center, 3300 West Lake Mary Boulevard, Lake Mary, FL

Ginger Vetter
MAITLAND, Fla. – NAI Realvest recently negotiated three lease agreements on behalf of the landlords for Class B office space in Lake Mary totaling 6,460 square feet,

Two leases were in Primera at 725 and 735 Primera Blvd. and one at The Crystal Center, 3300 W. Lake Mary Blvd.

Senior Associate Mary Frances West, CCIM and associate Ginger Vetter represented

Landlord Interchange-Primera I, LLC of Daytona Beach leasing Suite 200 with 2,670 rentable square feet in Primera Court I.  The new tenant is Student Loan Rescue ORL, Inc.    The tenant was represented by Todd Haber of Cresa Orlando.

At Primera Court II where the landlord is RREF InterchangeFL-Primera II, LLC, West and Vetter negotiated another new lease agreement with Santa Ana, Calif.-based Carrington Mortgage Services, LLC for Suite 145 with 1,380 rentable square feet.

At the Crystal Center, West brokered a renewal lease of 2,410 rentable square feet at Suite 250 of the Crystal Center, representing the landlord, Okemos, Mich.-based Maya Associates LLC.   The tenant is Dr. Rebecca Pitts, DMD, PLC.

 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


NAI Realvest to make Habitat for Humanity Work an annual event


NAI Realvest property managers Kay Gamble (left) Dee Figliolia
and broker Jack Lynch.

ORLANDO, FL– NAI Realvest, which ranks as one of the region’s leading commercial real estate operating companies, turned out in force to help Habitat for Humanity refurbish a home in Pine Hills recently and the company will make it an annual event.

Kevin O'Connor
NAI Realvest principal Kevin O’Connor said eight staff members reported for work. Their assignment: laying sod.

“That’s really labor-intensive,” O’Connor said. “All of us felt it for a day or two.”

But, O’Connor said, NAI Realvest staff felt some other things too. “All of us agreed we want to do this again,” O’Connor said. “There’s a real feeling of self-satisfaction.”

 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


NAI Realvest Negotiates Three New Industrial Leases in Orlando, FL and Winter Garden, FL totaling more than 7,800 Square Feet



Goldenrod CommerCenter, Orlando, FL

ORLANDO, Fla. – NAI Realvest recently negotiated three new leases for industrial space totaling 7,831 square feet at Carter CommerCenter in Winter Garden and at Goldenrod CommerCenter in Orlando. 


Michael Heidrich
Michael Heidrich, principal at NAI Realvest represented the Winter Garden landlord Carter Commerce Center LLC in negotiating two leases in the Carter CommerCenter.

Tenant San Diego, Calif.-based Backyard Xscapes, Inc. leased 3,750 square feet in suite 190 at 890 Carter Road.  The second tenant, Hyvac, Inc. of Deerfield Beach, leased 1,875 square feet in Suite 290 at 902 Carter Rd. 

Heidrich also represented Orlando-based landlord Goldenrod SPE, LLC in a lease agreement with Major Touring LLC for the 2,206 square feet in Suite 250 at Goldenrod CommerCenter, 1468 N. Goldenrod Rd.

 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


NAI Realvest Negotiates New Lease Agreement with Payroll Company for Professional Office Space near downtown Orlando


Tom R. Kelley II


ORLANDO, FL -- NAI Realvest recently negotiated a new lease agreement for 2,000 rentable square feet of professional office space in the building located at 2200 Hillcrest St. in Orlando. 

Tom R. Kelley II, CCIM, a principal at NAI Realvest brokered the transaction representing the landlord Orlando-based Whirly Properties LLC.  The local tenant is Kymberly Group Payroll Solutions, Inc.


 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


NAI Realvest Negotiates Sale of Stand Alone Office/Retail Building off South Orange Avenue in Pine Castle area of Orlando, FL



830 Hoffner Avenue, Pine Castle area, Orlando, FL
ORLANDO, FL — NAI Realvest recently negotiated the sale of a 1,500 square foot stand alone office/retail building at 830 Hoffner Ave. near the intersection of S. Orange Ave. in the Pine Castle area of Orlando.

The NAI Realvest retail team of Matt Cichocki, Kevin O’Connor and Mitch Heidrich brokered the REO sale representing the seller West Palm Beach-based U.S. Bank National Association.

 The local buyer, Tremblay Land, LLC, intends to operate a real estate brokerage business at the property. 

 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


NAI Realvest Negotiates Renewal Lease for Office Space at The Citadel III in East Orlando, FL


Mary Frances West
ORLANDO, FL – NAI Realvest recently negotiated a renewal lease for 2,141 rentable square feet in The Citadel III located at 5950 Hazeltine National Drive in east Orlando.

The NAI Realvest office leasing team of Mary Frances West, CCIM, Matt Cichocki, and Kevin O’Connor negotiated the transaction on behalf of the landlord, Citadel Partners, Ltd., based in Groveland.   

The tenant is Orlando-based Florida Business Development Corp. 

NAI Realvest is exclusive management and leasing representative for The Citadel.

 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


NAI Realvest Negotiates New Restaurant Lease for Chicago’s Stuffed Pizza at Village at Lake Lily in Maitland, FL



Village at Lake Lily Apartments, Maitland, FL

Maitland, Fla. – NAI Realvest recently negotiated a new long term lease agreement for 3,614 square feet of retail space at Village at Lake Lily, 933 South Orlando Ave.  in Maitland.

The NAI Realvest retail team of Kevin O’Connor, Matt Cichocki and Mitch Heidrich negotiated the transaction representing tenant M. Vicente 1, Inc. who will operate a Chicago’s Stuffed Pizza restaurant in the ground floor space at the corner of S Orlando Ave and Lake Ave in Maitland.  

Village at Lake Lily Phase I, LLC of Atlanta, Ga. is the landlord.

The tenant anticipates an opening this summer but the total number of seats has not yet been determined.     The restaurant will feature Chicago style stuffed crust pizza and a diverse menu of Italian entrees and sandwiches.

 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


Hold-Thyssen Real Estate Services Negotiates Seven Lease Agreements at Winter Garden Executive Suite in 90 Days


Therese Taylor
Winter Park, FL --- Hold-Thyssen Real Estate Services, a commercial property firm based in Winter Park with offices in Tampa and Nashville, recently negotiated seven lease agreements in 90 days at an office building located at 12200 W. Colonial Drive in Winter Garden.

R. Anthony Fisher, vice president of Hold-Thyssen Real Estate Services, said Leasing Agent Therese Taylor negotiated all seven lease agreements representing the landlord, 12200 W. Colonial Drive LLC.

The lease agreements at the executive suite facility include three new tenants, Amanda Singh and Smart Solutions Realty, Cora Fulmore and Express Global Medical Services.

Tenants Hope Alexander, Xtreme Business Concepts, DM Transportation and Provectus all executed renewal leases for the suites they occupy.

Hold-Thyssen provides commercial property and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

 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

Anthony Fisher, Vice President, Hold-Thyssen Real Estate Services, 407-691-0505, afisher@HoldThyssen.com

Robert P. Hold, Principal, Hold-Thyssen, Inc. 407-691-0505, bhold@HoldThyssen.com


Hold-Thyssen Real Estate Services Reports 2013 Lease Transactions were up more than 30 percent



Robert P. Hold

 Winter Park, FL  --- Hold-Thyssen Real Estate Services, a commercial property firm based in Winter Park, with offices in Tampa and Nashville, reports its lease transactions volume grew by more than 30 percent in 2013.

R. Anthony Fisher, vice president of Hold-Thyssen Real Estate Services, said the firm’s lease transactions in 2013 totaled more than $1.1 million.

Hold-Thyssen provides commercial property and leasing and management services to institutional and private investor clients nationwide. The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.


 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

Anthony Fisher, Vice President, Hold-Thyssen Real Estate Services, 407-691-0505, afisher@HoldThyssen.com

Robert P. Hold, Principal, Hold-Thyssen, Inc. 407-691-0505, bhold@HoldThyssen.com


Hold-Thyssen Real Estate Services negotiates end to long-term Ground Lease for former Fazoli’s Restaurant in Merritt Island, FL

Fazoli's Restairamt. 756 East Merritt Island Causeway, Merritt Island, FL


R. Anthony Fisher
Winter Park, FL --- Hold-Thyssen Real Estate Services, a commercial property firm based in Winter Park with offices in Tampa and Nashville, recently negotiated a complex agreement to terminate a long-term ground lease at 756 Merritt Island Causeway in Merritt Island.

R. Anthony Fisher, vice president of Hold-Thyssen Real Estate Services, said Leasing Agent Martin Forster in the firm’s Winter Park office negotiated the agreement representing the tenant, Fazoli’s Restaurants, Inc.

Health First, Inc. owns the 0.70-acre property, which now includes a free-standing facility with a drive-through window formerly occupied by Fazoli’s Restaurant.

Hold-Thyssen provides commercial property and leasing and management services to institutional and private investor clients nationwide. The 40-year old firm’s current portfolio includes more that 100 commercial properties 
throughout the United States.

Martin Forster


 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

Anthony Fisher, Vice President, Hold-Thyssen Real Estate Services, 407-691-0505, afisher@HoldThyssen.com

Robert P. Hold, Principal, Hold-Thyssen, Inc. 407-691-0505, bhold@HoldThyssen.com