Atlantic Pacific and Palmetto Homes to Celebrate Grand Opening of their New Overtown Development Island Living in Miami, FL

Kenneth Naylor

MIAMI, FL --  Developer Atlantic | Pacific Communities (A|P Communities), a subsidiary of Atlantic | Pacific Companies (A|P), and partner Palmetto Homes are proud to announce the grand opening of Island Living, a 70-unit, mixed-use, affordable housing development located in the heart of Overtown.

WHEN:    May 23rd 2016 at 5:00 PM

WHERE: 1201 NW 3rd Ave Miami, FL

"We are honored to have played a role in the CRA’s vison for revitalizing Overtown," says Kenneth Naylor of A|P Communities. 

"We've built a business on creating superior housing for low and moderate income households.  When we can do that in harmony with the revitalization of an amazing neighborhood while also creating local job opportunities and also creating an eco-friendly building, we consider that a homerun.” 

Clarence Woods, Director of the CRA says, "Island Living is an excellent example of a developer taking a comprehensive look at the overall community and contributing in a top-to-bottom manner. The revitalization of any neighborhood must start with providing appropriate housing for its residents as well as new populations coming in; this property is the ideal model to meet that need."

Clarence Woods

Island Living is particularly unique, in that it has contributed to the Overtown community from the ground up. Ario Lundy, CEO of Palmetto Homes and a partner on the Island Living project, launched a special campaign at the onset of the building's groundbreaking when he hired young Overtown residents from Miami-Dade County's Boot Camp program to assist in the construction of the property.

Boot Camp offers young men and women who have been convicted of a crime an alternative to prison time, while teaching them a trade and allowing them to earn an income.

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

Jessica Wade

7100 Biscayne Blvd., Suite 306A | Miami, FL 33138

Office +1.305.456.0483 | Cell +1.786.200.2516

Margie@jessicawadeinc.com

www.jessicawadeinc.com

Become a Facebook Fan of JWI @JessicaWadeInc

Follow JWI on Twitter @JessicaWadeInc

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www.apcommunities.com

Lincoln Harris’ Raleigh Team Adds Two Tenants to Raleigh Office Building, Leaving One Remaining Vacant Suite

 

John Mikels

 RALEIGH, N.C. (May 17, 2016) — Lincoln Harris’ Raleigh office has arranged two leases at an office building located at 801 Jones Franklin Road in Raleigh, North Carolina. Only one vacant suite remains at the building.

Kaler Walker and John Mikels of Lincoln Harris represented the landlord, True North Management Group, in the transactions. Additional information is below:

·      Stantec Inc., an international professional services company in the design and consulting industry, signed a 5,010-square-foot lease expansion to occupy a total of 32,240 square feet. Ryan Lawrence and Caitlyn Kinnaird of JLL represented the tenant. This is the company’s second expansion within the building in 10 months.

·      Sunbird Inc., a data center management service company, signed a new 4,512-square-foot lease.

801 Jones Franklin Road is a 69,394-square-foot three-story office building located at the Interchange Plaza Office Park in the heart of the Research Triangle. The remaining vacant suite totals 7,643 square feet, and is move-in ready.

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

Savannah Durban

The Wilbert Group

404-343-0870         

sdurban@thewilbertgroup.com

Lincoln Harris Brokers Three Leases Totaling More Than 7,700 Square Feet at Cary Park Town Center in Cary, NC

  

 

Kaler Walker

RALEIGH, N.C. (May 18, 2016) — Lincoln Harris’ Raleigh office has brokered three leases totaling more than 7,700 square feet at Cary Park Town Center, located in Cary, North Carolina.

Kaler Walker and John Mikels of Lincoln Harris represented the landlord, Cary Park TC, LLC, in the transactions. Additional information is below:

·      Amante Pizza signed a 2,694-square-foot renewal.

·      Goin’ Postal signed a 1,131-square-foot renewal.

·      UNC Physicians Network signed a 3,290-square-foot lease expansion and renewal. Pam Michael of JLL represented the tenant.

Cary Park Town Center, located at 10020 Green Level Church Road, is Cary’s premier shopping center, anchored by Harris Teeter. 

The 93,211-square-foot center has been fully leased for several years to tenants including McDonald’s, CVS/pharmacy, Dunkin’ Donuts, Wells Fargo and more.

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

Savannah Durban

The Wilbert Group

404-343-0870         

sdurban@thewilbertgroup.com

Griffin-American Healthcare REIT III Reports First Quarter 2016 Results

  

Jeff Hanson

 IRVINE, CA - Griffin-American Healthcare REIT III, Inc. announced operating results for the company’s first quarter ended March 31, 2016.

“During the first quarter, Griffin-American Healthcare REIT III completed approximately $90 million in investments, growing its consolidated portfolio to approximately $2.5 billion1 in value, of which we own approximately $2.1 billion2,” said Jeff Hanson, chairman and chief executive officer.

“While we have largely completed the portfolio construction phase of our strategic plan, we are in the process of completing more than $300 million3 in additional pipeline acquisitions that will further expand our diversified portfolio in the coming months.”

President and chief operating officer Danny Prosky added, “Our portfolio is now essentially built-out and matured. We are very pleased with the continued growth in our financial performance and the prospects for the future of Griffin-American Healthcare REIT III as we transition into the next phase of our strategic plan.”

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

Damon Elder

delder@ahinvestors.com

(949) 270-9207

WNC provided approximately $4 million in LIHTC equity to fund construction of The Cameron Apartments; Historic Minneapolis Warehouse Converted into Affordable Housing

 

Michael Gaber

Minneapolis, MN (May 18, 2016) – WNC, a national investor in real estate and community development initiatives, announced today the completed conversion of a 106-year-old warehouse building into The Cameron Apartments, a 44-unit affordable housing community in Minneapolis.

WNC provided nearly $4 million in low-income housing tax credit (LIHTC) equity and historic tax credit (HTC) equity to fund the adaptive reuse project.  

Located at 756 N. Fourth St., The Cameron Apartments is a four-story building comprised of 23 studio, 17 one-bedroom and four two-bedroom garden-style units for families. The historic building was originally constructed in 1910.

“The Cameron Apartments conversion was a unique project that transformed a rich part of Minneapolis’ century-old history into a modern, vital addition to the community,” said WNC Executive Vice President and Chief Operating Officer Michael Gaber. “We are pleased to deliver, with the help of our development partner, homes to local families in need, and to once again add to the nation’s supply of affordable housing.”

The Cameron Apartments provides residents with a fitness center, picnic/grilling area, onsite caretaker, laundry facility, elevator and bike storage. Amenities within each unit include an electric range, refrigerator, microwave oven, dishwasher, secure intercom entry, patio/balcony and central air conditioning.  A washer and dryer are standard in two-bedroom units.

SR Development LLC received the LIHTC equity to construct The Cameron Apartments. Brad Schafer and N. Christopher Richardson acted as the project developers. 

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

Hold-Thyssen Negotiates Three Leases at Edgewater Commerce Center in Orlando, FL totaling 5,800 rentable SF

  

 

Alex Rowlinson

ORLANDO, FL --- The Hold-Thyssen leasing team of Alex Rowlinson and Troy Stevens recently negotiated three leases totaling 5,800 rentable square feet of flex space at Edgewater Commerce Center, 6250 Edgewater Drive in Orlando.

Rowlinson and Stevens negotiated the transactions on behalf of the landlord, a South Florida investor.

Loco’s Kreations LLC signed a five-year lease of 2,400 square feet for their custom motorcycles business. 

Refinishing Solutions Inc. renewed and expanded its leased space up to 2,400 square feet, and Let’s Move Florida, LLC signed a new three-year lease of 1,000 square feet.

With these three leases completed Edgewater Commerce Center is 88 percent occupied and only two units measuring 2,000 square feet and 6,040 square feet remain.

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.

Berkadia Closes on 200 Apartment Units in Montgomery, AL

Woodmere at the Lake Apartments, Montgomery, AL

BIRMINGHAM, Ala. --- Berkadia recently negotiated the sale of Woodmere at the Lake, a 200-unit apartment community located in Montgomery for $8,100,000 or $40,500 per unit.

Built in 1978, Woodmere at the Lake is a garden-style community with an average unit size of 870 square feet which has recently been repositioned.

Josh Jacobs, associate, and David Oakley, managing director of Berkadia Real Estate Advisors, LLC  in the Birmingham office, represented the seller, ABACO Partners, LLC.  The purchaser was Woodmere Apartment Partners, LLC.

Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry-leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties.

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 Two Leases totaling 5,340 square feet at Primera Court II in Lake Mary, FL

Mary Frances West

LAKE MARY, FL / ORLANDO, FL --- Mary Frances West, CCIM Vice President at NAI Realvest recently negotiated two lease agreements totaling 5,340 rentable square feet of Class A office space at Primera Court II, 735 Primera Blvd. in Lake Mary.  

West represented Landlord RREF Interchange-FL Primera I, LLC of Daytona Beach in lease agreements with Southeast Law Group, P.A. and Alkan Mortgage Corporation dba Certified Mortgage Planners of Florida. 

Southeast Law expanded from 1,380 to 2,670 square feet.  Alkan Mortgage signed a new lease for 2,670 square feet.  Brian Smith of Smith McIntosh Properties represented Alkan Mortgage.

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 Negotiates Five Commercial Leases in the College Park and Maitland areas of Orlando totaling 22,000 Square Feet

Joelle Forster

  

Martin Forster

WINTER PARK, FL --- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, recently negotiated five leases for a total of 22,077 rentable square feet of commercial flex and office space at centers in the College Park and Maitland areas.

The Hold-Thyssen leasing team of Alex Rowlinson and Troy Stevens represented the south Florida based landlord in a long-term lease agreement for 10,777 square feet in the Kennedy Commerce Center at 997 W. Kennedy Blvd. The new tenant is Commercial Systems Group, Inc., a fire and security alarm systems provider.

Rowlinson and Stevens negotiated three more lease agreements for flex space in the Edgewater Commerce Center, 6250 and 6270 Edgewater Drive in College Park representing the same landlord.  

Hotsy of Orlando, Inc., a pressure cleaning firm, signed a long-term lease of 4,800 square feet; Clean Sweep, a commercial cleaning service completed a lease renewal for 3,200 square feet; and Bowman’s Auto leased 2,000 square feet.

The Hold-Thyssen team of Martin and Joelle Forster represented the landlord Maitland Office Park at 500 N. Maitland Ave. in a lease agreement with Atlantic Coast Management, Inc. management consulting firm for a four office suite comprising 1,300 rentable square feet.  

Hold-Thyssen, Inc. 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.