Wednesday, October 29, 2014

Matt Davis Joins Lincoln Property Company’s Southeast’s Atlanta Office as Vice President of Office Leasing

Matt Davis

 ATLANTA, GA (Oct. 29, 2014) – Lincoln Property Company Southeast’s (Lincoln) Atlanta office has hired Matt Davis, a commercial real estate veteran with 15 years of brokerage experience, as vice president of office leasing.

Davis, who was previously with CBRE in Atlanta, will join the fast-growing office agency leasing team headed by Hunter Henritze and Michael Howell.

Over the course of his career, Davis has completed more than 500 lease transactions totaling over 3.5 million square feet.

Prior to his two-year stint at CBRE, Davis was with Resource Real Estate Partners for 12 years, where he provided landlord representation services for a diverse mix of national and local clients such as RReef, Invesco, Interlock Industries, JG Management and Southeast Office Partners.

Hunter Henritze
The addition of Davis validates the success of Lincoln’s office agency leasing team over the last few years.

Since 2011, the size of Lincoln’s office portfolio has grown, on average, by over 30 percent each year.

The portfolio includes every major office submarket of metro Atlanta and spans the entire spectrum of product, from high-rise, best-in-class space to single-story, suburban office buildings.

 In addition to Davis, Henritze and Howell, the agency team includes veteran Jeff Henson and newcomers Kelsey Mandus and George Gwaltney. Collectively, the six-person team has the depth and bandwidth to handle any assignment.

“Simply put, this is a tremendous hire for us,” said Tony Bartlett, senior vice president at Lincoln who oversees the Atlanta office. 

“Matt Davis brings considerable experience, skill, leadership and a track record of success to an already talented team. His understanding of the unique needs of the clients of third-party service providers meshes seamlessly with our ‘owner-centric’ approach to agency leasing, and we couldn’t be more excited about his decision to join our team.”  

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

Stephen Ursery
The Wilbert Group

RealtyTrac Reports U.S. Median Home Price Increases Annually for 30th Consecutive Month in September

IRVINE, CA — RealtyTrac® (, the nation’s leading source for comprehensive housing data, today released its September and Q3 2014 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 4,402,741 in September, a decrease of 1 percent from August 2014 and a decrease of 19 percent from a year ago.

The median sales price of U.S. residential properties — including both distressed and non-distressed sales — was $195,000 in September, up less than 1 percent from August and up 15 percent from September 2013. September was the 30th consecutive month where U.S. median home prices increased on an annual basis, and the 15 percent annual increase is the biggest annual percentage increase since October 2005.

“Median home prices nationally in September were boosted by a new low in the share of distressed sales during the third quarter, resulting in fewer home sales on the lower end,” said Daren Blomquist, vice president of RealtyTrac. 

“The share of homes selling above $200,000 is up 7 percent from a year ago, and the share of homes selling above $500,000 is up 15 percent from a year ago.

“Some of the biggest increases in median prices are in markets in the Midwest, Southeast and Inland California, where home prices are still considered a relative bargain for both investors and owner-occupant buyers,” Blomquist added.

“Meanwhile, many of the fastest-appreciating real estate markets last year have now settled into a more sustainable pattern of single-digit appreciation.”

 For a complete copy of the company’s news release, please contact:
Jennifer von Pohlmann
949.502.8300949.502.8300, ext. 139

NAI Realvest Negotiates New Lease at Sand Lake Shoppes in Southwest Orlando, FL

Kimberly Manson

 ORLANDO, FL – NAI Realvest, one of Central Florida’s most active commercial real estate services firms, recently negotiated a new retail lease for 1,375 rentable square feet at 1907 W. Sand Lake Rd. in the Sand Lake Shoppes in Southwest Orlando.

The NAI Realvest team of Jeffrey Tanner and Kimberly Manson brokered the transaction representing the landlord, Sand Lake Shoppes Family LP based in Altamonte Springs, and the new local tenant Guia Local Channel dba International Bikes.

“With the execution of this final lease with Guia Local Channel, NAI Realvest has stabilized Sand Lake Shoppes at 100 percent occupancy,” Tanner said.

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

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

EVM Realty Lists Prime Waterfront Miami Beach, FL Residence

6410 North Bay Road, Miami Beach, FL
MIAMI BEACH, FL – Miami Beach, FL broker Nelson Gonzalez announces he has just listed a one-of-a-kind MIMO waterfront home with grand style situated on a large 24,000-SF lot with manicured landscaping, 100 feet of water frontage, dock and open water views.

Gonzalez says "This magnificent 5 bed/5.5 bath home has been renovated with high-impact doors and windows, open floor plan, marble and wood floors, fireplace, wrap around balconies, 2 car garage, kitchen w/ marble countertops, Sub-zero refrigerator, Miele appliances, walk-in closets, surround sound system and a full house generator.

Gonzalez says ‘this home will allow you to enjoy Miami's beautiful year round weather, excellent location, water views, refreshing pool and protected waters for boating.  
 For a complete copy of the company’s news release, please contact:

Nelson Gonzalez P.A.,
Senior Vice President
EWM Realty International |419 Arthur Godfrey Road Miami Beach, Fl|33140


Englewood Construction Announces Eight New Retail and Restaurant Projects

William Di Santo
CHICAGO, IL (October 29, 2014) – Englewood Construction, one of the country’s leading commercial construction firms, has announced its restaurant and retail groups have recently broken ground on four projects, completed three projects and started work on one expansion project across the country.

In the Chicago area, Englewood’s restaurant group recently broke ground on an 11,265-square-foot, ground-up Cooper’s Hawk Winery and Restaurant in Oaklawn, Ill., and an expansion for the popular Purple Pig restaurant on Michigan Avenue in downtown Chicago. 

This will be the seventh Chicago-area location for Cooper’s Hawk, which is known for its upscale casual dining and Napa-style wine tasting experience.

The Purple Pig, located in one of Chicago’s busiest commercial corridors, is a popular Mediterranean restaurant and collaboration between several of the city’s famed chefs.

“The restaurant industry remains thriving as consumers continue to crave experiences that can’t be replicated at home,” said William Di Santo, president of Lemont, Ill.-based Englewood Construction.

 “We are excited to embark on two such high-profile projects in the Chicago area. Cooper’s Hawk brings a refreshing design challenge as the owners strive to create a unique environment and experience in each restaurant they develop. We look forward to making the Oak Lawn restaurant a stand-out location.

“As for the Purple Pig, our extensive experience on Michigan Avenue and sterling track record with fine-dining restaurant development will serve us well on this build-out project.”
For a complete copy of the company’s news release, please contact:

Mark Thomton,, 312-267-4523

New Brokerage Idealty Launches in Chicago; Game-Changer for Offering Real Estate Services to Creative Class

The founders of Idealty, from left: Kevin McCollow, Preston Jones, Maria Boncza and Matt Andelman.

CHICAGO, IL – Founded on the idea that Chicago’s brokerage industry is in need of a creative kick-start, new brokerage firm Idealty Real Estate has announced its launch with the goal of revitalizing real estate for the creative class. 

Lincoln Park Neighborhood, Chicago, IL
Designed to appeal to innovative professionals who challenge traditional thinking and prize self-expression in their work, Idealty will initially focus on residential brokerage in downtown neighborhoods including Wicker Park, Logan Square, the West Loop, River North, Lincoln Park and Old Town, and will also offer commercial brokerage and development services. 

“Real estate is inherently rich in information and visually beautiful, but the business side of the industry has always been a bit of a late adopter of change, particularly in terms of the creative aspects of marketing, web design and social media,” said Preston Jones, co-founder and director of operations for Chicago-based Idealty.

West Loop Neighborhood, Chicago, IL
“It’s pretty homogenous how listings, neighborhood data and even agents are presented on most brokerage websites. 

"We saw an opportunity to marry our team’s creative energy and capabilities with the brokerage world, and present real estate solutions in a fresh and aesthetically sophisticated way that’s unlike anything else in Chicago.”

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

Sarah Lyons,, (312) 267-4520
Kim Manning,, (312) 267-4527

SVN Online AuctionWorks to Host Its Largest Ever Real Estate Auction

Diana M. Peterson
CHICAGO, IL -- SVN AuctionWorks has announced the firm will host its largest online auction to date Nov. 24-26. 

Nearly half of the auction’s more than 90 listings are bank-owned properties, including 17 that will be sold absolute.

The auction includes office, medical office, industrial, retail, mixed-use, single-family, multi-family, and vacant land.  Buyers can bid online or submit pre-auction offers. 

Also included are entire portfolios of properties (apartments, homes, retail/office buildings, notes and lots) available for pre-auction bulk purchase.

“The sheer volume of properties in this online auction speaks to the firm’s success and demonstrates how many owners and brokers are now turning to SVN AuctionWorks to sell their properties in an efficient and timely manner,” said Diana M. Peterson, president of Chicago-based SVN AuctionWorks.

“Banks especially have found our online auctions to be an ideal venue for selling their REOs.”

For more information about SVN AuctionWorks, visit the firm’s website,

To learn more about Sperry Van Ness, please visit

For a complete copy of the company’s news release, please contact:
Mark Thomton,, 312-267-4523
Emily Johnson,, 312-267-4522

$23.6 Million in Financing for Conway, SC Student Housing Arranged by R3 Funding

Ray Potter
NEW YORK, NY  – R3 Funding, a national lender correspondent providing origination and workout services, has arranged a $23.6 million fixed rate CMBS loan for a Conway, SC student housing complex. The announcement was made by Ray Potter, managing partner of R3 Funding.

Monarch 544, located at 650 Highway 544 in Conway, consists of a total of 222,322 square feet of off-campus student housing for Coastal Carolina University.

There are over 125 residences there in all—92 four-bedrooms, and 36 two-bedrooms. Each residence is fully furnished, with in-unit washers and dryers and private bedrooms and bathrooms. 

Complex-wide amenities include a hammock lounge, fitness center, pool and lighted sand volleyball court.

The CMBS financing that R3 Funding arranged is for a 10 year term and features a 30 year amortization. The LTV is 75 percent.

Monarch 544 Student Housing, Conway, SC
“Monarch 544’s resort-style setting makes it a great housing solution for Coastal Carolina University’s students,” said Mr. Potter. “We were happy to be able to connect ownership in a timely fashion with the financing that best suited its needs.”

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

Great Ink Communications—212-741-2977
Eric Gerard,
Carl Gaines,

Roxanne Donovan,

Hold-Thyssen Specialist Carol Kinnard Closes Office Lease Despite Flooding Delay at Building in Hudson, FL

Carol Kinnard
TAMPA, Fla.  --- Hold-Thyssen, Inc., a commercial property firm based in Winter Park with offices in Tampa, recently completed a lease for 1,211 square feet of professional office space at 14100 Fivay Rd. in Hudson. 

Carol Kinnard transaction specialist in the firm’s Tampa office brokered the transaction on behalf of the landlord Dr. Rodolfo Dy and Rosemarie Dy and the tenant, a cardiologist doing business as Access Healthcare Physicians LLC. 

The day the lease was scheduled to be signed, the west side of the Bayonet Point Medical Arts building was flooded from a fire sprinkler hit the day before by a contractor handling a third floor renovation.  

While the tenant’s suite 130 was basically not damaged, the lease agreement was delayed over a week until the physician could access the building, and that finally took place after Kinnard made multiple contacts with security and property management.

The tenant ultimately occupied the premises and is extremely satisfied with that decision, Kinnard said. 

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

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

BGLRP Self Storage Group Closes One of the Highest Prices per Square Foot in Florida

Celebration Self Storage, 475 Celebration Place, Celebration, FL

TAMPA, FL -- Brown Gibbons Lang & Company | Real Estate Partners (BGLRP) is pleased to announce the sale of Celebration Self Storage a 57,233 net rentable square foot self storage facility for $11.25 million dollars or $196.56 per net rentable square foot, in Celebration, Florida.

Jay J. Crotty

Jay J. Crotty, Managing Director at BGLRP, and Thomas A. Doyle, Senior Vice President at BGLRP, represented the seller, Celebration Self Storage LLC, and the buyer, Sovran Acquisition Limited Partnership, which operates under the Uncle Bob’s Self Storage brand.

“This sale represents a record for one of the highest prices per square foot in the state of Florida. The price demonstrates the strong operating fundamentals in the self storage market and the continued positive outlook for future job and population growth in the state,” says Jay Crotty.

The subject property, located at 475 Celebration Place in the master planned community of Celebration, Florida, is situated on approximately 13.28 acres of land.

This community was developed by the Walt Disney Company and has very high barriers to entry for any new construction.

Thomas A. Doyle
“This allows Celebration Self Storage to effectively create its own market, as there are no competing self storage facilities within a seven-mile drive of the facility,” says Crotty.

Built in 2006 and expanded in 2008 and 2012, this facility has 233 climate controlled storage units, 113 non-climate controlled storage units, along with 115 rentable parking spaces for RV and boat storage. 

 Brown Gibbons Lang & Company Real Estate Partners (BGLRP) operates in major markets in the U.S., representing private and institutional clients in Healthcare, Housing, Hospitality, Self Storage and Industrial real estate.  

BGLRP was founded by industry veterans with significant experience in each focus sector, totaling more than $5B of closed transaction volume.  

BGLRP focuses on delivering best-in-class representation and advisory services to help our clients maximize the value of their real estate assets utilizing leading-edge financial, marketing, legal, and tax strategies to help our clients pursue advanced strategies and create value.

BGLRP’s Self Storage Group takes a methodical, systematic approach to the business of self storage investment sales, ensuring that every detail gets attended to during the transaction and no stone goes unturned. 

  We work hard to understand the needs, objectives and goals of our clients and work together to implement a strategy tailored to each individual client.  We collaborate with our clients by executing open and candid communication.

For more information, please visit

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

Thomas A. Doyle | Senior Vice President
Brown Gibbons Lang | Real Estate Partners
T: 813.712.8767 | C: 813.892.7703
FL RE Salesperson | LIC # SL3093911 

Jay J. Crotty | Managing Director
Brown Gibbons Lang | Real Estate Partners
T: 813.712.8767 | C: 813.892.9080
FL RE Broker | LIC # 3061418