HFF arranges financing for two multi-housing communities in Arizona and Texas

John Brownlee

DALLAS, TX – HFF announced it has arranged financing for two garden-style multi-housing communities – San Brisas in Chandler, Arizona and The Preserve at Arbor Hills in Plano, Texas.

                HFF worked on behalf of Pure Multi-Family REIT LP, to secure the seven-year loan through Northwestern Mutual.  Loan proceeds were used to acquire the properties. 

                San Brisas is located at 900 North Road, less than three miles from Interstate 10 and approximately 19 miles southeast of downtown Phoenix.  

Completed in 1996, the property is 96 percent leased and includes 208 one-, two and three-bedroom units averaging 1,006 square feet each.  Community amenities include a heated outdoor swimming pool, hot tub, fitness center, barbecue grills and sand volleyball court.

                The Preserve at Arbor Hills is located at 7001 West Parker Road adjacent to the Arbor Hills Nature Preserve and approximately 21 miles north of downtown Dallas.  Completed in 1998, the property is 97 percent leased and includes 330 one-, two- and three-bedroom units averaging 940 square feet each.  Community amenities include a resort-style tropical pool with waterfall, heated spa, 24-hour fitness center, picnic areas with barbecue grills, business center and coffee bar.

The Presere at Arbor Hills Apartments, Plano, TX

                The HFF team representing the borrower was led by senior managing director John Brownlee.

                Pure Multi-Family REIT LP is a Canadian-based, publicly-traded vehicle which offers investors exclusive exposure to attractive, institutional quality U.S. multi-family real estate assets. 

  Additional information about Pure Multi is available at www.puremultifamily.com or www.sedar.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 closes sale of 432-unit multi-housing community in The Woodlands, TX

Todd Stewart

HOUSTON, TX – HFF announced it has closed the sale of The Plantation at The Woodlands, a 432-unit multi-housing community in The Woodlands, Texas.

                HFF marketed the property on behalf of the seller. CBRE Global Investors purchased the asset for an undisclosed amount. 

                The Plantation at The Woodlands is located on a 20-acre site at 3270 College Park Drive, approximately 8.5 miles north of ExxonMobil’s new campus. 

Completed in two phases between 2008 and 2009, the asset includes one-, two- and three-bedroom units averaging 839 square feet. 

Community amenities include two resort-style swimming pools, poolside cabanas and sun decks, fitness center, indoor basketball court, clubhouse, theatre room, game room with billiards, playground, dog park, car care station and carports/detached garages.

Todd Marix

                The HFF investment sales team representing the seller was led by senior managing directors Todd Stewart and Todd Marix and director Chris Curry.

CBRE Global Investors is a global real estate investment management firm with $92.8 billion in assets under management* as of June 30, 2014.

 The firm sponsors investment programs across the risk/return spectrum for investors worldwide.  CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG).

 It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors.  CBRE Group, Inc. has approximately 44,000 employees in approximately 350 offices (excluding affiliates) worldwide.  For more information about CBRE Global Investors, please visit

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

www.cbreglobalinvestors.com.

HFF arranges permanent financing for The Boulevard at Oakley Station in Cincinnati, OH

Dave Keller

INDIANAPOLIS, IN – HFF announced it has arranged permanent financing for The Boulevard at Oakley Station, a 302-unit, Class A multi-housing community in Cincinnati, Ohio.

                HFF worked on behalf of the borrower, an affiliate of Flaherty & Collins Properties, to secure the 10-year, 4.14 percent fixed-rate loan through Allianz Real Estate of America, Inc.  Loan proceeds will retire an existing construction loan.

                The Boulevard at Oakley Station is located at 3225 Oakley Station Boulevard within Oakley Station, a 74-acre mixed-use development that encompasses a planned 225,000 square feet of retail including the nation’s largest Kroger grocery store, 350,000 square feet of office space and a 14-screen Cinemark movie theater. 

Completed in 2013, the property has enjoyed a brisk lease-up and includes studio, one- and two-bedroom units ranging from 682 to 1,703 square feet. 

The Boulevard at Oakley Station Apartments
Cincinnati, OH

Community amenities include a heated saltwater pool, billiards room, grilling area, fire pit, bocce ball court, clubhouse, gaming lounge, tanning bed, fitness center with yoga studio, and screening lounge. 

The HFF debt placement team representing the borrower was led by senior managing director Dave Keller.

”Early this year, while Boulevard at Oakley was just beginning its lease-up, Flaherty & Collins decided that they would like to hedge their interest rate risk.  Allianz recognized the quality of the asset and location, and offered a competitive and compelling forward-rate lock loan structure.  Flaherty & Collins did the rest by conducting a very successful lease-up campaign,” said Keller.

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

MHA Brokers $22.75 Million Sale of Creekstone Apartments in Nashville, TN

Brett Kingman

NASHVILLE, TN — Multi Housing Advisors (MHA) has brokered the $22.75 million sale of Creekstone Apartments, a 316-unit community located at 266 Stewarts Ferry Pike in Nashville.

 Brett Kingman of MHA’s Atlanta office represented the seller, Creekstone TN LLC, in the transaction. Monsey, New York-based White Eagle Property Group LLC acquired the property.

 “As Nashville continues to experience significant economic and overall population growth, investor demand has increased for value-add product located within close proximity to downtown and major employment centers,” Kingman said.

 Creekstone Apartments, built in 1987, includes a pool, volleyball courts, tennis courts, and fitness and business centers.

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)

sursery@thewilbertgroup.com

FrontDoor Communities Opens Sales at Freeman’s Point

  

Terry Russell

ATLANTA, GA – FrontDoor Communities today opens sales to the public at Freeman’s Point, the 130 home community located just south of historic downtown Charleston on James Island. The announcement comes on the heels of a successful VIP grand opening held last week.

The event garnered a great deal of attention with more than 150 people in attendance, resulting in nearly 10 presales before sales officially opened.

“We’re thrilled with the response from visitors who attended our VIP grand opening event and the traction we’ve seen even before opening sales to the public,” said Terry Russell, CEO of FrontDoor Communities. “The demand for high-quality homes that foster an active lifestyle in the Charleston market is apparent.”

For more information on Freeman’s Point, visit www.freemanspoint.com.

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

M.C. Rhodes •The Wilbert Group

1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309

O: 404-343-0274  • M: 678-983-5867

www.thewilbertgroup.com

MBA Opens Doors Concludes Hugely Successful Summer Campaign

Debra Still

WASHINGTON, DC (Sept. 25, 2014) – Today, the MBA Opens Doors Foundation announced it had raised more than $31,000 during its three-month “92 Days of Summer” fundraising campaign. 

The Foundation is the Association's philanthropic entity dedicated to providing financial assistance to families with a critically ill or injured child by awarding grants toward a mortgage or rental payment.

“Our ’92 Days of Summer’ fundraising event provided members of the real estate finance industry with a great philanthropic opportunity, and they responded in a big way,” said Debra Still, Chairman of the MBA Opens Doors Foundation. 

“With more than $31,000 donated in only three months, the men and women who work every day to put Americans in the home of their dreams also showed they are up to the challenge of helping families with critically ill children stay in theirs.  Their generosity provides families critical financial support during a tremendously stressful and emotional period in their lives.”

With MBA’s in-kind donations for all of the Foundation’s operating costs, Opens Doors is able to pass 100 percent of the donations it receives to the families it supports. 

  The Foundation’s ongoing relationship with Washington, D.C.’s Children’s National Health System provides a partner health care organization to help identify potential grant recipients.

The MBA Opens Doors Foundation is a 501(c)(3) organization and all contributions are tax deductable.  For more information about the Foundation or to make a donation, please go to www.mbaopensdoors.org.

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

Shawn Ryan

sryan@mba.org

(202) 557-2727

Marshall Hotels & Resorts Named to Manage Three Hotels Currently Under Construction

Mike Marshall

SALISBURY, MD —Marshall Hotels & Resorts, a leading hotel management and services company that operates properties nationwide, announced today that it has been selected to operate three hotels currently under construction.

 These contracts, coupled with a previously announced Hotel Indigo under construction in Manhattan, bring the company's year-to-date growth to nine new contracts.

            "We've been able to source a great number of deals thanks to the experience and long-standing relationships of our individual team members," said Mike Marshall, president and CEO.

 "Our track record is very attractive to the developers and ownership groups in these areas because we bring a level of experience and sophistication in hospitality management that sometimes is lacking in smaller, seasonal markets."

            The new hotels are:

•     74-room Holiday Inn Express in West Ocean City, Md.
•     80-room Best Western Plus in Hammondsport, N.Y.
•     80-room Hampton Inn and Suites in Mount Joy, Pa.

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

Marcus & Millichap Names Three Agents to Vice President Investments in Tampa, FL

Casey Babb

TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced that three agents have been promoted to vice presidents investments in Tampa, according to Richard Matricaria, vice president and regional manager of the Tampa office.

The new VPIs are Casey Babb, Jay Brigel and Michael Donaldson.

            “Three of our investment professionals in Tampa have received this major recognition from the firm, which is an honor,” says Matricaria.

 “With this title, we are recognizing their exceptional investment brokerage skills and strong track records of closing transactions on behalf of our private and institutional investor clients.”

Jay Brigel

            Babb most recently held the title of associate vice president investments. He began his career in October 2009 as a senior associate of the firm.

Babb also currently serves as a director of the firm’s National Multi Housing Group. A multifamily investment specialist, Babb focuses on the disposition of 50-plus-unit multifamily assets in Tampa and southwest Florida.

            Brigel was formerly an associate vice president investments. He joined the firm in June 2004 as a multifamily investment specialist. In June 2007, he was promoted to senior associate of the firm.

Brigel holds the post of associate director of the National Multi Housing Group, specializing in brokering the sale of multifamily and net-leased retail assets in the Tampa Bay area. He is also a member of the firm’s Special Assets Services Group.

Michael Donaldson

            Prior to his promotion to VPI, Donaldson was an associate vice president investments, a position he has held for a year. Donaldson began his career in August 2007 as an associate, and was promoted to senior associate in 2012. He specializes in the sale and disposition of multifamily investment properties in Tampa Bay and Central Florida.

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

Gina Relva

Public Relations Manager

(925) 953-1716

Marcus & Millichap Arranges Sale of Lake City Florida Portfolio for $2.3 Million

Joshua Teplitzky

LAKE CITY, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Lake City Florida Portfolio, a 112-unit multifamily portfolio located in Lake City, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $2,310,000.

Joshua Teplitzky, associate, Michael P. Regan and Francesco P. Carriera, both vice presidents investments in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the Tampa-based seller, a private investor. 

The listing agents also procured the buyer of the property along with John E. Brigel, a vice president investments also in the Tampa office.

Lake City Florida Portfolio is located at 1442 Northwest Wayne Place in Lake City, Fla. 

Michael P. Regan

This portfolio consists of Columbia Arms Apartments, Wayne Manor Apartments and Greentree Apartments.  Wayne Manor and Greentree Apartments are located on adjacent parcels, and Columbia Arms is located within approximately two miles (a six minute commute).

 There are 12 residential, two-story buildings, one residential one-story duplex and two, one-story buildings that house laundry facilities.  The residential buildings are comprised of one and two-bedroom units. 

"Marcus & Millichap again demonstrated the tremendous strength of its unparalleled national platform,” says Brigel.  “We had an asset that needed the ‘perfect’ buyer, and due to our national platform, we were able to procure an out-of-state buyer,” voiced Brigel and Teplitzky.  “This was a value add opportunity in a tertiary submarket.”

“There was a significant amount of interest from buyers all over Florida in primary and secondary markets, as the amount of short-sale/bank opportunities like this one are hard to come by in those markets,” adds Teplitzky.  “Through the competition of multiple offers and exposing the portfolio on a national level, we were able to transfer capital across state lines,” concludes Teplitzky.

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

Richard D. Matricaria

Vice President/Regional Manager, Tampa

(813) 387-4700

New Haven, CT Apartment Portfolio Sells for $6.7 Million

David Almeida

BRIDGEPORT, CT – Investment sales broker Northeast Private Client Group has announced the sale of 457 Whalley Avenue and 25 Springside Avenue, an 88-unit multifamily portfolio in New Haven, CT. 

David Almeida, senior associate in the firm’s Connecticut office, represented the seller and Bradley Balletto, the firm’s regional manager for Connecticut, represented the buyer in the $6,712,500 off-market transaction, which closed on September 10.

“The success of this transaction is the direct result of our relationship approach to investment sales,” said Edward Jordan, JD, CCIM, the firm’s managing director.

The 60,000 square foot property at 457 Whalley Avenue, known as Brendan Towers, comprises 60-units on two acres with tenant-paid utilities.  The property offers on-site amenities and ample off-street parking. 

The 24,000 square foot property at 25 Springside Avenue, known as Spring Glen Apartments, comprises 28-units on more than one acre with tenant-paid utilities.  Both properties have been professionally managed.

Bradley Balletto

The seller, Spring Glen Apartments LLC and Whalley Associates LLC, is Wethersfield, CT-based multifamily investor. 

The buyer, Navarino Acquisitions LLC of Bridgeport, CT, purchased the two-building portfolio for a price that equates to more than $76,000 per unit, which represents a capitalization rate of 7.0% on the current net operating income.

 “High occupancy and growing rents in New Haven are driving strong demand for multifamily properties,” said Almeida.  “These assets performed well over the years for the seller and will continue to do so for the new owner we brought to this opportunity.”

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

Randy Savicky

Strategy+Communications

randy@strategypluscommunications.com

203.226.6156

www.northeastpcg.com

Post Properties Announces Sale of New York City Communities

Post Luminaria Apartments, New York, NY

ATLANTA--(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS) announced today that it has closed the sale of its Post Luminaria™ and Post Toscana™ apartment communities, located in New York, NY, for a total gross sales price of $270 million.

Post Luminaria™ was completed in 2002, and contains 138 apartment units and approximately 9,400 square feet of retail space. Post Luminaria™ was owned in a consolidated joint venture in which the Company held a 68% interest.

Post Toscana™ was completed in 2003 and contains 199 apartment units and approximately 11,700 square feet of retail space. The buyer was not disclosed. Eastdil Secured acted as broker on the transaction.

A portion of the net proceeds from the sales were used to prepay approximately $82.6 million of secured mortgage indebtedness encumbering the assets and related prepayment premiums totaling approximately $13.0 million.

After closing costs and expenses, debt prepayments and distributions of the Company’s share of the net proceeds received from the sale of Post Luminaria™, Post expects to retain approximately $141 million of net cash proceeds from the sales of the two communities.

Post Toscana Apartments
New York, NY

In the third quarter of 2014, the Company expects to report a net gain on the sale of these assets of approximately $127 million, or approximately $2.33 per diluted share, and a loss on the early extinguishment of debt of approximately $12.3 million, or approximately $0.23 per diluted share, relating to debt prepayment premiums paid and the write off of unamortized deferred financing costs, each net of non-controlling interests in the Post Luminaria™ joint venture.

Post Properties has interests in 22,259 apartment units in 58 communities, including 1,471 apartment units in four communities held in unconsolidated entities and 1,201 apartment units in four communities currently under development or in lease-up.

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

Post Properties, Inc.

Chris Papa, 404-846-5000 

Hospitality Ventures Management Group (HVMG) Names Amanda Chivers Director of Acquisitions and Business Development

Amanda Chivers

ATLANTA, GA – Hospitality Ventures Management Group (HVMG), an Atlanta-based, privately owned hotel ownership and management company, announced that it is adding to its real estate and business development team.

 Amanda Chivers has been named corporate director of acquisition and business development.  

Chivers will assist in identifying and acquiring existing hotels, securing third party management assignments and supporting ground-up construction projects, as well as assisting with the overall growth of owned and managed assets.

“Amanda has an impressive background in asset management, acquisitions and hospitality investment, making her the ideal candidate to help HVMG execute on its strategy of aggressive, yet measured, growth,” said Mary Beth Cutshall, HVMG’s senior vice president of acquisitions and business development.

 “HVMG’s portfolio of owned and managed hotels has more than doubled over the past four years, and we are committed to continue this level of growth over the next three to five years with Amanda’s assistance.”

Prior to joining HVMG, Chivers was an asset manager specializing in non- or under-performing hotels with TriMont Real Estate Advisors.  She also served as director of real estate transactions for Moody National Companies, where she was involved with over $1 billion in private equity investments in hospitality assets. 

Mary Beth Cutshall

Chivers received her bachelor's degree in political science from Spelman College and is a Certified Commercial Investment Member (CCIM).  

She also is an active member of Commercial Real Estate Women (CREW), and serves as a board member and vice-president of sponsorship for the Atlanta Hospitality Alliance (AHA).

“Achieving meaningful growth through strategic acquisitions, new builds and third party management requires a broad range of skills that I've acquired in my past roles underwriting and conducting due diligence of hospitality real estate assets and most recently as an asset manager," Chivers noted. 

  "I'm eager to play a role in helping shape the growth of HVMG's expanding portfolio." 

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

Chris Daly

Daly Gray, Inc.

703-435-6293

chris@dalygray.com

www.hvmg.com

RealtyTrac Ranks U.S. County Housing Markets Based on Prevalence of Man-Made Environmental Hazards

OB Jacobi

IRVINE, CA — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, released its first-ever report ranking all U.S. counties based on the prevalence of man-made environmental hazards.

The report evaluates five man-made environmental hazards tracked by RealtyTrac subsidiary Homefacts (www.homefacts.com) in all 3,143 U.S. counties: percentage of bad air quality days, along with the number of superfund sites, brownfield sites, polluters, and former drug labs per square mile.

Among the 578 U.S. counties with a population of at least 100,000, those with the lowest prevalence of man-made environmental hazards were Deschutes County, Ore. (Bend metro area), Saint Louis County, Minn. (Duluth metro area), Saint Lawrence County, N.Y. (Ogdensburg-Massena, area just south of Montreal, Canada), Skagit County, Wash. (Mount Vernon-Anacortes metro area north of Seattle), and Snohomish County, Wash., (Seattle metro).

“Living in Washington offers a lot of benefits. We’re fortunate to be surrounded by an abundance of natural beauty punctuated by low pollution levels and clean air,” said OB Jacobi, president of Windermere Real Estate, covering the Seattle, Wash. market. 

“The areas within Washington with the least human-made hazards had less than a tenth of a percent of bad air quality days compared to a national average of 5.43 percent of days with bad air quality. Local housing markets have benefited from this healthy landscape, reporting an average 10-year home price appreciation that is nearly 28 percent.”

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

Jennifer von Pohlmann

949.502.8300949.502.8300, ext. 139

jennifer.vonpohlmann@realtytrac.com

RealtyTrac Reports Home Price Appreciation Slows in 18 Out of 20 Largest U.S. Markets in August Compared to Year Ago

Daren Blomquist

IRVINE, CA, Sept. 25, 2014 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its August 2014 U.S Residential & Foreclosure Sales Report, which shows that U.S. residential properties, including single family homes, condominiums and townhomes, sold at an estimated annual pace of 4,508,559 in August, down one-half percent from the previous month and down 16 percent from a year ago — the fourth consecutive month where annualized sales volume has decreased on a year-over-year basis.

The median price of U.S. residential properties sold in August — including both distressed and non-distressed sales — was $195,000, up 3 percent from the previous month, and up 15 percent from a year ago to the highest level since August 2008, a six-year high.

“Higher-end properties are taking up a bigger share of a smaller home sales pie, boosting the median home price nationwide higher even as home price appreciation slows to single digits in many of last year’s red-hot local housing markets,” said Daren Blomquist, vice president at RealtyTrac.

 “On the other hand, markets where large institutional investors and other buyers have not picked clean lower-priced inventory are continuing to see strong, double-digit increases in median home prices.”

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

Jennifer von Pohlmann

949.502.8300949.502.8300, ext. 139

jennifer.vonpohlmann@realtytrac.com

Meridian Capital Group Arranges $65 Million in CMBS and Mezzanine Financing for the Park at Siena Multifamily Property Located in Brandon, FL

Sarah Kuebler

New York, NY – Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, negotiated a $65 million loan for the refinance of the Park at Siena multifamily property located in Brandon, FL, on behalf of a partnership between Blue Rock Partners, LLC, Konover South and Stonecutter Capital Management, LLC.

 The five-year CMBS loan features a competitive fixed-rate and interest-only payments for one-year. This transaction was negotiated by Meridian Capital Group Managing Director, Seth Grossman, and Associate, Sarah Kuebler, who are both based in the Company’s Carlsbad, CA office.

 The Park at Siena, located at 1918 Plantation Key Circle, is composed of two- and three-story buildings totaling 982 units.

Seth Grossman

 “The clients purchased the property in December 2012 and significantly renovated and repositioned the property, which drastically increased the net operating income, in-place rents, and occupancy,” said Mr. Grossman.

“Meridian leveraged the strength of the borrowers and our relationship with the lender to negotiate a favorable, fixed-rate refinance only 18 months after the acquisition,” he added.

 Founded in 1991, Meridian Capital Group, LLC is one of the nation’s largest commercial real estate finance and advisory firms. Meridian is headquartered in New York with offices in New Jersey, Maryland, Illinois, Florida and California.

 Working with a broad array of capital providers, Meridian arranges financing for transactions ranging from $1 million to more than $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties.

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

Jonathan Stern

Meridian Capital Group, LLC

212/972-3600

jstern@meridiancapital.com

www.meridiancapital.com

Silicon Valley Apartment Complex Sold by Marcus & Millichap for $16.1 Million

Adam Levin

SUNNYVALE, CA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of The Floriana Apartments, a 68-unit apartment complex in Sunnyvale, Calif.

The $16,100,000 sales price equates to $236,765 per unit. Adam Levin, vice president investments in Marcus & Millichap’s Palo Alto office, and Nathan Gustavson, senior associate in the firm’s San Francisco office, represented the seller and the buyer.

            “The small pocket of Sunnyvale around The Floriana Apartments is poised for tremendous near-term upside in commercial and residential rent growth,” says Levin. 

“The property is less than a 10-minute drive from the new home of the San Francisco 49ers, Levi’s Stadium, and a ten-minute walk from LinkedIn’s new 560,000-plus square-foot campus.”

            “The apartment complex has a history of extremely low vacancy and there is tremendous upside potential to be gained in rents,” adds Gustavson.

Nathan Gustavson

            Located at 126 West Ahwanee Ave. in Sunnyvale, Calif., the apartment complex is less than one mile from a Starbucks, a Lucky supermarket, the Sunnyvale Golf Course, a Bank of America and the Sunnyvale Square shopping center. Access to U.S. Highway 101 and California State Route 237 is nearby.

The Floriana Apartments is composed of six buildings constructed in 1964 on an 83,940-square-foot lot. Community amenities include a large, individually numbered parking space for each unit, a swimming pool, and on-site laundry rooms with new equipment. 

Apartments feature open floor plans, kitchens with pantries and generous amounts of counter space and large bedrooms with good-sized closets.

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

Gina Relva

Public Relations Manager

(925) 953-1716

Wyndham Hotel Group Signs First Upscale Property in Africa

Bani Haddad

NAIROBI, Kenya (Sept. 25, 2014) – Wyndham Hotel Group, the world’s largest hotel company with approximately 7,540 hotels and part of Wyndham Worldwide Corporation (NYSE: WYN), today announced the signing of a management agreement for the first upscale Wyndham Hotels and Resorts® property in Africa, the Wyndham Amboseli Golf Resort and Spa, close to the Amboseli National Park in Kenya.

“As Kenya’s economy continues to grow, demand continues to increase for internationally renowned, world-class brands in virtually all segments, from budget through to upscale and extended stay,” said Bani Haddad, Wyndham Hotel Group’s regional vice president for the Middle East and Africa.

“With Wyndham Amboseli Golf Resort and Spa catering to discerning leisure and business travellers and Ramada Nairobi welcoming business guests in the capital, Wyndham Hotel Group will be well placed to cater to both international and domestic travel needs in Kenya.”

The 290-room resort, complete with an 18-hole golf course, conference centre and spa, is expected to open in 2017, becoming the second Wyndham Hotel Group brand to launch in the country following the signing earlier this year of the first Ramada® hotel in Nairobi.

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

Roz Money

Wyndham Hotel Group

The Triangle, 5 Hammersmith Grove

London, W6 0LG

+44 20 8762 6600

roz.money@wyn.com

CBRE Global Investors’ Atlantic Station Office Buildings Earn BOMA Awards

John Gilb

ATLANTA, GA, Sept. 25, 2014 –Two Atlantic Station office towers owned by CBRE Global Investors — 201 17th Street and 271 17th Street — have each been designated as BOMA 360 Performance Buildings by the Building Owners and Managers Association (BOMA) International.

The BOMA 360 Performance Program® validates and recognizes commercial properties that demonstrate best practices in building operations and management.

 “We are dedicated to providing best-in-class service and expert building management services to our tenants and owners,” said John Gilb, principal at CBRE Global Investors.

“The BOMA 360 Performance Program allows us to demonstrate our commitment to excellence, and we are honored to receive this important recognition.”

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

Suong Nguyen

The Wilbert Group

snguyen@thewilbertgroup.com

(404) 343-0637

Shopoff Realty Investments Identified as One of Orange County’s Fastest Growing Private Companies in California

  

William Shopoff

IRVINE, CA, Sept. 25, 2014 – Shopoff Realty Investments announced today the company has been identified as the ninth fastest growing small private company in Orange County, Calif., as a result of its nearly 350 percent revenue growth since 2012. 

The survey conducted by the Orange County Business Journal also recognized the company as the 18th fastest growing private company for businesses of all sizes.

 Recently, Shopoff Realty Investment was ranked 1779th on the 2014 Inc. 5000 list of the fastest-growing privately held companies in the United States.

 “We’ve certainly worked very hard the past several years to bounce back from the economic downturn and are pleased to have not only equaled, but surpassed, our pre-Recession success,” said William Shopoff, CEO of Shopoff Realty Investments.

“We have spent the past quarter century creating value and opportunity for our investors, clients and local communities, and look forward to continuing that success throughout the years to come.”

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

Julie Leber

Spotlight Marketing Communications

949.427.5172, ext. 703

julie@spotlightmarcom.com