Upscale Wyndham Brand Expands Footprint in China

Leo Liu

HONG KONG – Wyndham Hotel Group, the world's largest hotel company with approximately 7,540 hotels and part of Wyndham Worldwide Corporation (NYSE: WYN), continues to rapidly expand its portfolio of offerings in China under the upscale Wyndham Hotels and Resorts® brand flag.

The openings of Wyndham Grand Xi’an South and Wyndham Kunming Resort, along with the anticipated opening of Wyndham Xuzhou East by the end of this year, adds to the 760 hotels and more than 86,200 rooms currently open in China under the Hotel Group’s Wyndham Hotels and Resorts, Days Inn®, Howard Johnson®, Ramada® and Super 8® brands.

China, which continues to be one of the fastest-growing markets for hotel development in Asia-Pacific, is a key country for Wyndham Hotel Group’s global growth. 

From July 1, 2013, through June 30, 2014, the Company opened 240 properties throughout the region, 211 of which were opened in China.

Leo Liu, Wyndham Hotel Group’s managing director for China, said, “The Wyndham Hotels and Resorts brand is an established international name with locations in major cities including New York, Chicago, Istanbul and Doha, as well as key destinations in Asia-Pacific like Hangzhou, Qingdao, Gold Coast and Agra.

Wyndham Grand Xian South

“Expanding its presence in China is a critical step in our company’s strategy to provide more choices for travelers here.”

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

Cynthia Liu

Email: cynthia.liu@wyn.com

Tel: +852 3651 3115

Cohn & Wolfe - Impactasia 

Louise Oram/ Tiffany Cheung

Email: louise.oram@cohnwolfe.com / tiffany.cheung@cohnwolfe.com

Tel: +852 3665 1022/ 3665 1017

Mortgage Bankers Report Commercial/Multifamily Delinquencies Continue Decline

Jamie Woodwell

WASHINGTON, DC – Delinquency rates for commercial and multifamily mortgage loans continued to decline in the second quarter of 2014, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

During the second quarter of 2014, the 30+ day delinquency rate for loans held in commercial mortgage-backed securities (CMBS) decreased 0.45 percentage points to 5.71 percent.

 The 60+ day delinquency rate for multifamily loans held or insured by Fannie Mae was unchanged at 0.10 percent.  The 60+ day delinquency rate for multifamily loans held or insured by Freddie Mac decreased 0.02 percentage points to 0.02 percent. 

The 60+ day delinquency rate for commercial and multifamily mortgages held in life company portfolios increased 0.03 percentage points to 0.08 percent.  The 90+ day delinquency rate for loans held by FDIC-insured banks and thrifts decreased 0.17 percentage points to 1.40 percent.

“Commercial and multifamily mortgage performance continues to strengthen,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. 

“Delinquency rates for loans held by life companies, Fannie Mae and Freddie Mac all remain low, and delinquency rates for CMBS loans continue to decline.  Among loans held on bank balance sheets, the 30-90 day delinquency rate is now the lowest in the series history, going back to 1993.”

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

Shawn Ryan

sryan@mba.org

(202) 557-2727

Marcus & Millichap Names Rick Puttkammer Regional Director of National Retail Group

Rick Puttkammer

SAN DIEGO, CA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, is pleased to announce the appointment of Rick Puttkammer to the position of regional director of Marcus & Millichap’s National Retail Group (NRG).

Puttkammer is based in the firm’s San Diego office and his appointment is part of the firm’s strategy to enhance its brokerage support and client services.

“We are fortunate to attract a solid retail investment expert like Rick to the firm as part of our management team,” says Bill Rose, vice president and national director of the NRG.

 “He has over 25 years of experience and a proven track record of advising on over $1 billion of retail investment and leasing transactions as well as shopping center development,” adds Rose.

“His extensive experience and relationships facilitate matching our clients’ retail real estate objectives with our local investment brokers’ expertise and act as a gateway for clients to benefit from our research, financing, and national platform.”

Bill Rose

Prior to joining Marcus & Millichap, Puttkammer was senior vice president at Colliers International in San Diego, where he focused on institutional investment sales in the Western United States. 

Prior to Colliers, he was a senior vice president at Flocke & Avoyer, and prior to that, a managing director at Cushman & Wakefield (formerly Burnham Real Estate,) responsible for managing a 20-person retail team, specializing in shopping center properties. 

During his career, Puttkammer has specialized in all aspects of shopping center ownership, assisting in land acquisition, entitlement, development, leasing, management and disposition of retail assets. 

He received a Bachelor of Science degree in Business Administration with an emphasis in Finance from San Diego State University, and he is an advisor to the Corky McMillin Center for Real Estate.

Puttkammer received his Certified Commercial Investment Member (CCIM) designation in 2000 and is a member of the International Council of Shopping Centers.

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

Gina Relva

Public Relations Manager

(925) 953-1716                                                                      

Cushman & Wakefield Completes Sale of A.G. Holley Site in Palm Beach County, FL

Logan Holz Sr.

 JACKSONVILLE, FL - Cushman & Wakefield announced the sale of the A.G. Holley site in Lantana for $15.6 Million.

 The land for sale was a joint bid offering from the State of Florida’s Department of Environmental Protection and Cushman & Wakefield of Florida, Inc, for one of the last remaining developable parcels east of Interstate 95 in Palm Beach County.

Cushman & Wakefield’s Logan Holz, Sr. Director from the firm’s Jacksonville office, and Christopher Thomson, Sr. Director in South Florida, led the project.The buyer was Lantana Development, LLC.

The A.G. Holley site is comprised of 79.91 acres of Mixed Use Industrial land and is located at the Northeast intersection of Lantana Road and Andrew Redding Road in Lantana, Palm Beach County, Florida.

The land was owned by the State of Florida, which leased the land to the Department of Health and Rehabilitative Services under a 99 year ground lease expiring in 2071, which operated the former A.G. Holley Hospital for 62 years until it was closed in 2012.

Christopher Thomson Sr.

The site is ideally located within the Palm Beach County market. It is situated approximately one-half mile east of Interstate 95, one mile west of the Atlantic Ocean, nine miles east of Florida’s Turnpike, 9.5 miles south of Palm Beach International Airport, and 10.2 miles south of the West Palm Beach CBD.

“This was a great opportunity for the State of Florida to capitalize on one of its underutilized properties and also bring a nice development to the City of Lantana that will produce tax revenue and amenities to the city,” stated Cushman’s Christopher Thomson.

"We always believed that the market would recognize the true value of the property," added Holz.

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

LOGAN HOLZ Senior Director (904) 380 8346 logan.holz@cushwake.com CHRISTOPHER THOMSON Senior Director (561) 227 2019 christopher.thomson@cushwake.com

NAI Realvest negotiates two investment sales totaling more than $1.3 Million in Central Florida

  

Kristen Kemp

ORLANDO, FL – NAI Realvest recently negotiated two sales – an office building in Maitland and an industrial building in Sanford – that totaled $1,302,000.00

Chris Adams

 Associate Chris Adams negotiated a $725,000 sale of the 9,464 square foot office building at 1063 Maitland Center Commons.  

Adams represented the seller Tiger Investment Group of Ft.  Lauderdale.  Tampa-based J.D. Gambling, LLC was the buyer.  

Michael Heidrich, principal at NAI Realvest and associate Kristen Kemp negotiated the $577,000 sale of a 10,000 square foot light industrial building at 2788 S. Financial Ct. in Sanford.  

  Heidrich and Kemp represented the seller, Wes-Cosa Florida, Inc.   The buyer was Miller Real Estate Holdings, LLC of Winter Springs.  

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

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

  

HFF closes $164.175 million sale of 12-property SunnyBrook seniors housing portfolio in Iowa

Janis Loegering

DALLAS, TX – HFF announced it has closed the sale of a 12-property SunnyBrook seniors housing portfolio totaling 680 units located across Iowa.

                HFF marketed the property on behalf of the seller, SunnyBrook Senior Living.

 American Realty Capital Healthcare Trust II purchased the offering for $164.175 million, which represents a cap rate near 7.2 percent based upon 2014 pro forma financials.  A 13th asset is currently under contract and will close at a later date.

The assets in the portfolio were all constructed between 2003 and 2009, with a unit mix of 544 assisted living units and 136 memory care units featuring studio, one- and two-bedroom floor plans.

 The properties are located in Burlington, Carroll, Fairfield, Fort Madison, Mt. Pleasant, Muscatine, Cedar Rapids, Clinton, Des Moines, Independence, Ottumwa and Tipton.  The portfolio had an average occupancy of 93 percent at the time of close.

Ryan Maconachy

The HFF team representing the seller was led by managing director Ryan Maconachy and director Chad Lavender.

The SunnyBrook Portfolio was represented by the legal team of Whit Roberts and Janis Loegering in the Dallas office of Locke Lord LLP. 

ARC was represented by Taylor Pancake in the Orlando office of law firm, Foley & Lardner.

“The SunnyBrook Portfolio represented a great opportunity for ARC and their new operating partners for this portfolio, Provision Living and Frontier Management, each bringing significant operating experience in the region.

“The HFF Seniors Housing Team was very pleased with the execution of the transaction by the teams at SunnyBrook and ARC, which was completed over a compressed timeline,” said Maconachy.

Chad Lavender

CEO and majority owner of SunnyBrook, James T. Elliott IV, moved his family to Iowa from New York City 10 years ago to pursue his vision of creating the best possible lifestyle for Iowa seniors in small and mid-size communities. 

Mr. Elliott developed the properties from the ground-up and then assumed a hands-on role with the management of SunnyBrook, making it known that the staff of each community should be talented and caring individuals working as a team to provide the care of residents. 

Under Mr. Elliott’s leadership, SunnyBrook enjoyed great success with quality services, strong occupancy and deep ties to each community. 

American Realty Capital Healthcare Trust II ("ARC") is a full-service investment advisory firm sponsoring a series of investment programs with an emphasis on publicly registered non-traded real estate offerings. 

Taylor Pancake

ARC was formed by Nicholas S. Schorsch and William M. Kahane with the vision of building a portfolio of companies focusing on sector specific and what we believe are best of class investment solutions, independently governed and distributed to retail investors over a unique multi-product wholesale distribution platform known as Realty Capital Securities. 

For more information please visit www.thehealthcareREIT2.com.

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

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF arranges financing for high-rise mixed-use development in downtown Houston, TX

Travis Anderson

CHARLOTTE, NC – HFF announced it has arranged financing for the development of Market Square Tower, a 40-story, mixed-use tower that will include 463 luxury residential units and 21,000 square feet of retail in downtown Houston. 

HFF worked exclusively on behalf of the borrower, Woodbranch Investments (Woodbranch), to secure the long-term construction/permanent loan through Pacific Life Insurance Company.

Designed by Jackson & Ryan Architecture, Market Square Tower will be located on approximately 1.40 acres at 777 Preston comprising a full city block bounded by Milam, Preston, Louisiana and Congress. 

Due for completion in fall 2017, the project will feature residences ranging from 550 and 1,950 square feet.  Building amenities will include two swimming pools (one near the bottom of the tower and a rooftop sky pool), virtual golf simulator, indoor basketball court, screening room and banquet room. 

In addition to the sky pool, other rooftop amenities will include a sky lounge, fitness center, sundeck and panoramic views of downtown Houston and Buffalo Bayou Park. 

The HFF debt placement team was led by senior managing director Travis Anderson, managing director Matt Kafka and senior real estate analyst Cory Fowler.

 Woodbranch’s developments are distinguished by intense attention to detail that creates both highly luxurious and uniquely functional living space. 

Woodbranch has applied its detail-oriented approach to the design of Market Square Tower and the result is a stunning set of community and unit amenities that will make the property the most sought after rental address in Houston. 

With significant holdings in both Houston and Manhattan, Woodbranch Investments is also an active investor and developer in many cities across the U.S.

Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. 

For additional company information, including current financial strength ratings, visit Pacific Life at www.PacificLife.com.

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

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF arranges $70 million financing for Curling Club Apartments in Hoboken, NJ

   

Jon Mikula

FLORHAM PARK, NJ – HFF announced it has arranged $70 million in financing for Curling Club Apartments, a 240-unit, Class A multi-housing community in Hoboken, New Jersey.

                HFF worked on behalf of the borrower, institutional investors advised by J.P. Morgan Asset Management, to secure the fixed-rate loan through Nationwide Life Insurance Company.  HFF brokered the sale of the asset to the borrower in June 2014.

                Curling Club Apartments encompasses a full city block in the uptown Hoboken submarket between Grand and Adams Streets and 12th and 11th Streets, as well as the northern half of the block between Clinton and Grand Streets and 12th and 11th Streets. 

Completed in 1999, the property consists of four five-story residential buildings above a single level parking garage as well as a free-standing, single-story clubhouse and an interior courtyard.  All of the apartments are two-bedroom, two-bathroom units. 

Tom Didio

Community amenities at the pet-friendly residence include a fitness center, resident’s lounge, storage units and garage parking.  Residents also benefit from shuttle service to the PATH station.

                The HFF debt placement team representing the borrower was led by senior managing directors Jon Mikula and Tom Didio and associate director Samuel Seiden.

J.P. Morgan Asset Management – Global Real Assets has more than $76 billion in assets under management and more than 400 professionals in the U.S., Europe and Asia, as of June 30, 2014. 

With a 40-plus-year history of successful investing, J.P. Morgan Asset Management – Global Real Assets’ broad capabilities provide many of the world’s most sophisticated investors with a global platform of real estate, infrastructure, maritime/transport and energy strategies driven by local investment talent with disciplined investment processes consistently implemented across asset types and regions.

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

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

Atlanta Property Group Acquires Palisades Office Park

Palisades Office Park, Central Perimeter submarket
Atlanta, GA

ATLANTA, GA – Atlanta Property Group (APG), a locally based real estate investment firm, said it has closed on its acquisition of Palisades Office Park in Atlanta’s Central Perimeter submarket.

 APG bought the property – located at 5901-5909 Peachtree Dunwoody Road – from Shorenstein Properties, a San Francisco-based real estate owner and operator.

The 637,000-square-foot property consists of four office buildings, two parking decks and four surface lots. It is within walking distance of two MARTA stations.

 With the acquisition of Palisades, APG has now acquired nine properties since mid-2010, including The Park at Perimeter Center East and 1200 Ashwood Parkway. Combined, the three properties give APG over 1.1 million square feet of space in the Central Perimeter submarket.

 “Acquiring Palisades demonstrates Atlanta Property Group’s commitment to being the go-to provider of well-located, quality office space for value-conscious small and mid-size tenants,” said Court Thomas, a partner at APG. “Palisades makes a great addition to our portfolio with its location in the desirable Central Perimeter market.”

Jonathan Rodbell

 Eastdil Secured represented the seller in the purchase.

 Shorenstein purchased Palisades, which was constructed in two phases (the first in 1981 and the second in 1999), in 2007. The property is currently over 90 percent leased.

This acquisition of Palisades puts APG’s total portfolio at over 3 million square feet in 15 properties. “We are seeking similar opportunities that will continue to diversify our portfolio across metro Atlanta,” said Jonathan Rodbell, also a partner with APG.

APG will both lease and manage Palisades Office Park. Leasing inquiries should be directed to Austin Chase, APG’s Director - Leasing, at (404) 442-6110.

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

Stephen Ursery

The Wilbert Group

(404) 549-7150 (O) (404) 405-2354

sursery@thewilbertgroup.com

HFF closes $14.6 million sale of Stirling Slidell Centre in south Louisiana

Jim Batjer

ATLANTA, GA – HFF announced it has closed the sale of Stirling Slidell Centre, a 139,460-square-foot retail center in the New Orleans suburb of Slidell, Louisiana.

                HFF marketed the property on behalf of the seller, LaSalle Investment Management.  Retail Centers of America purchased the property for $14.6 million.

                Stirling Slidell Centre is situated on 15.55 acres at the northwest corner of Interstate 12 and Airport Road in Slidell, approximately 40 miles from New Orleans.

 The center was completed in 2003 and is leased to national and regional tenants, including David’s Bridal, Ross Dress for Less, Pet Smart, Men’s Wearhouse, Shoe Carnival, Party City, AT&T, Dickey’s Barbeque Pit, Target (shadow) and Academy Sports (shadow).

                The HFF investment sales team representing the seller was led by senior managing director Jim Batjer and managing directors Jim Hamilton and Richard Reid.

Jim Hamilton

LaSalle Investment Management, Inc., a member of the Jones Lang LaSalle group (NYSE: JLL), is a leading global real estate investment manager, with approximately $50 billion of assets under management of private and public property equity investments.

 LaSalle is active across a range of real estate capital and operating markets including private and public, debt and equity and its clients include public and private pension funds, insurance companies, governments, endowments and private individuals from across the globe. 

American Realty Capital-Retail Centers of America, Inc. (ARC-Retail Centers) is a publicly-registered, non-traded real estate investment trust (REIT) that focuses primarily on the acquisition of core retail properties including lifestyle centers, power centers and large needs-based shopping centers.

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

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel (main) 617-338-0990 | (direct) 617-848-1572 | cel 617.543.4873 | www.hfflp.com
krmurphy@hfflp.com
www.lasalle.com.

HFF secures $13.545 million in acquisition financing for Tybee Island resort in Georgia

Ocean Plaza Beach Resort, Tybee Island, GA

BOSTON, MA – HFF announced it has secured $13.545 million in acquisition financing for the Ocean Plaza Beach Resort, a 204-room independent hotel in Tybee Island, Georgia. 

Working on behalf of Linchris Hotel Corporation, HFF secured the floating-rate loan with M&T Bank. 

 The borrower plans to spend approximately $1.5 million in the first year for property upgrades.

Originally built in 1909, Ocean Plaza Beach Resort overlooks the Atlantic Ocean from its beach-front location on the south end of Tybee Island approximately 20 miles east of historic downtown Savannah, Georgia. 

Mark Sixour

Tybee Island is the closest beach destination to Atlanta, Augusta, Macon, Chattanooga and many other metropolitan areas.  

This six-building, 223,986-square-foot resort hotel sits on 5.12 acres and has a restaurant, lounge, meeting and banquet space, business center, two outdoor pools and a video game arcade. 

The HFF team representing the borrower was led by senior managing director Mark Sixour and managing director Greg LaBine.

”This acquisition represents Linchris’ second foray into the Southeastern U.S. hotel market, with their recent acquisition of the Holiday Inn Daytona Beach being their first,” LaBine said. 

“Linchris has had past success with independent, beachfront hotels in Westerly, Rhode Island, and Provincetown, Massachusetts, so this acquisition will complement their growing portfolio well.

Greg LaBine

 “M&T has financed Linchris previously and quickly got comfortable with the operational improvements Linchris can provide through their superior management to increase the bottom line performance of the asset.”

Headquartered in Hanover, Massachusetts, Linchris Hotel Corporation is a hotel management company with an outstanding reputation for high-quality and first-rate service. 

 The company controls 31 hotels with more than 3,600 rooms.  Find more information on Linchris Hotel Corporation at www.linchris.com

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

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel (main) 617-338-0990 | (direct) 617-848-1572 | cel 617.543.4873 | www.hfflp.com
krmurphy@hfflp.com

NAI Realvest Negotiates Sale of Bank Owned Building in Daytona Beach, FL

Chris Butera

DAYTONA BEACH, Fla. – NAI Realvest recently negotiated the sale of a 3,840 square foot bank-owned building at 120 Madison Ave. in Daytona Beach.   

Chris Butera, investment associate at NAI Realvest, brokered the transaction representing the seller, TD Bank of Port St. Lucie and the buyer.  

Kissimmee-based Orbit Real Estate Development purchased the four-unit REO retail building built in 1957 off Beach St. and U.S. 1 for $85,000.00.

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


Beth Payan or Larry Vershel, Larry Vershel Communications 407-644-4142

Marshall Hotels & Resorts Adds Four Management Contracts, Expanding Mid-Atlantic Portfolio

Michael Marshall

SALISBURY, MD —Marshall Hotels & Resorts, Inc., a leading hotel management and services company that operates properties nationwide, announced that it added four hotel management contracts to its rapidly expanding portfolio of Mid-Atlantic region hotels. 

The newly added properties are:

·         The 225-room Sheraton in Mahwah, N.J.
·         The 138-room Ramada in Wayne, N.J.       
·         The 42-room and suite Madison Avenue Beach Club Hotel in Cape May, N.J.
·         The 35-room and suite The Jetty Motel in Cape May, N.J.

“Our portfolio has a considerable concentration in the Mid-Atlantic region, giving us a sharper insight on the market drivers in the area and certain economies of scale, which we are able to extend to independent and traditional, family operated beach hotels," said Mike Marshall, president and CEO.

 “With each of these hotels, there is a tremendous opportunity to add value for the owners and guests alike."

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

Lauralee Dobbins, media
Daly Gray Public Relations
(703) 435-6293

Lauralee@dalygray.com

PKF-HR Forecasts Record Hotel Occupancy for 2015

R. Mark Woodworth

Atlanta, Ga. – The U.S. lodging industry will achieve 65 percent occupancy in 2015, the highest national occupancy rate since STR, Inc. began reporting data in 1987, according to the recently released September 2014 edition of PKF Hospitality Research’s (PKF-HR) Hotel Horizons®. 

(PKF-HR is a CBRE company.)  By year-end 2015, PKF-HR projects that the demand for lodging accommodations will have increased 25.8 percent since the depths of the recession in 2009, while the supply of hotel rooms will have grown by just 5.6 percent.

“An ever-improving economy, and the favorable relationship between supply and demand, have led to significant growth in both revenues and profits from 2009 to the current year.  

"We expect this trend to continue through 2017,” said R. Mark Woodworth, president of PKF-HR.  “The 1990s were the only other time we observed such a sustained confluence of positive economic and market conditions.”

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

R. Mark Woodworth                                                 Chris Daly

PKF Hospitality Research                                      Daly Gray Public Relations

Tel: 404 842 1150, ext. 222                                    Tel: 703 435 6293

Email: mark.woodworth@pkfc.com                      Email: chris@dalygray.com

www.pkfc.com                                                          www.dalygray.com

Morrison Commercial Real Estate Completes 8,000-SF Lease in Sanford Central Park in Sanford, FL

Christi Davis

ORLANDO, FL -- Morrison Commercial Real Estate announced the completion of a lease transaction totaling 8,000± square feet in Sanford Central Park.

 Christi Davis, CCIM, of Morrison Commercial Real Estate represented the owner, Manufacturers Capital Associates, Corp., in leasing 8,000± square feet in Sanford Central Park located at 4250 St. Johns Parkway, Sanford, Florida to Builder Services Group, Inc., a subsidiary of Masco Corporation.

4250 St. Johns Parkway, Sanford Central Park, Sanford, FL

Masco has expanded its current operation in Sanford Central Park.

Morrison Commercial Real Estate is a full-service brokerage firm specializing in the office and industrial sectors. 

  Headquartered in Downtown Orlando, our professional experience and extensive knowledge of the Central Florida market enables us to achieve maximum transaction value, and optimal return on investment for our clients.  

Morrison Commercial Real Estate provides landlord, owner and tenant representation services in leasing, buying, selling and site selection of commercial property in Central Florida.

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

Gina Wade

Phone: 407.440.6651

Email:  gwade@morrisoncre.com

Wine Spectator Magazine Recognizes Sheraton Bali Kuta Resort Dining Venue with 2014 Restaurant Wine List Award

Pamor Budi Kurniawan

BALI, INDONESIA  – Sheraton Bali Kuta Resort is proud to announce that Wine Spectator, a highly-regarded industry publication, has honored the resort’s Bene Italian Kitchen with an “Award of Excellence.”

The prestigious recognition follows Indonesia’s Best Sommelier Award for Pamor Budi Kurniawan, sommelier for Sheraton Bali Kuta Resort and restaurant manager for Bene Italian Kitchen.  Budi received the best sommelier award earlier this year.

 “We are very pleased to receive this recent accolade from Wine Spectator,” said Eelco Bohtlingk, Director of Food & Beverage at Sheraton Bali Kuta Resort.

 “We view this award as a reflection of the commitment Bene Italian Kitchen team has to curating an exceptional selection of Italian wines to complement the culinary experience Bene offers all guests. This is certainly a special achievement for Sheraton Bali Kuta Resort.”

 Wine Spectator’s Restaurant Wine List Awards recognize dining establishments whose wine lists offer interesting selections, wines appropriately matched to the cuisine, and varietals that appeal to a wide range of wine lovers. 

Eelco Bohtlingt

 Bene Italian Kitchen, a casual restaurant known for its authentic Italian culinary experience in elegant surroundings overlooking the Indian Ocean, offers a unique wine list with a broad selection of Italian wines, including a special focus on verticals from Tuscany and Piedmont, as well as selections from other key wine regions across the globe.

The resort’s international clientele – from countries such as Australia, Korea, Italy, and France – represents a range of preferences that Bene easily accommodates with its extensive wine list including numerous wine-by-the-glass options. 

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

Hwee Peng Yeo

Vice President, Asia Markets

Glodow Nead Communications

San Francisco • New York • Singapore • Shanghai

Level 21, Centennial Tower, 3 Temasek Avenue • Singapore 039190

1700 Montgomery Street, Suite 203 • San Francisco, CA • 94111

Asia: 65.9768.6087  US:415.394.6500 • E: hweepeng@glodownead.com

www.GlodowNead.com

Lincoln Property Company Southeast Wins Property Management Assignment for 2045 Peachtree Medical Office Building in Buckhead, GA

Shane Froman

 ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) has won an assignment to manage 2045 Peachtree Road, a 72,923-square-foot medical office building located directly across from Piedmont Hospital and the Shepherd Center in Atlanta’s Buckhead submarket.

 Tenants in the building include Peachtree Orthopaedic Clinic, Dermatology Consultants, Piedmont Medical Care Corp. and the Shepherd Center. 

Lincoln will oversee new capital investments by ownership designed to enhance the appearance of 2045 Peachtree Road and to increase operational efficiencies.

 2045 Peachtree is the third asset in Atlanta for which HD Realty, a Nashville, Tennessee-based asset-management firm representing the building owner, has awarded Lincoln a third-party service assignment.

 HD Realty previously awarded the leasing and management of Lenox Center and Lenox Plaza to Lincoln. Since taking over these two projects, the Lincoln team has leased over 58,000 square feet, reduced operating expenses by 12 percent, managed $1.3 million in capital projects and raised overall occupancy by 48 percent.

2045 Peachtree Road, Buckhead, GA

 “We are honored that HD Realty has chosen us to manage another one of its Atlanta properties,” said Shane Froman, vice president of property management for Lincoln.

 “It’s a clear affirmation that hard work and good performance will be rewarded, and we look forward to creating the same kind of value at 2045 Peachtree. We have a great appreciation for the relationship we have established with HD Realty, and their trust in us to be good stewards of their assets is why we are in the business.”

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

Stephen Ursery

The Wilbert Group

404-405-2354

sursery@thewilbertgroup.com