Sponsored by Sunbeam Properties & Development, the At-Risk-Youth program is a joint community initiative between the Miramar Police Athletic League and the City of Miramar, FL

  

Sunbeam Properties & Development Vice President Maridee Bell, City of Miramar Police Officer and Miramar Police Athletic League Executive Director Scott Hadley
and Sergeant Julie Black

  

MIRAMAR, FL (Aug. 30, 2016) – Visits to the beach, bowling alley, skating rink and arcade were just a few of the activities enjoyed by more than 80 at-risk youth in Miramar during the one-of-a-kind “Hangin’ with 5-0” summer camp, a joint community initiative between the Miramar Police Athletic League and the City of Miramar.

Sponsored by Sunbeam Properties & Development and the Miramar Park of Commerce, the largest locally owned and managed business park in South Florida, “Hangin’ with 5-0” is in its 14th year.

“The program turns 14 this year thanks to Sunbeam Properties, whose support saved ‘Hangin’ with 5-0’ from elimination due to budget cuts in 2008,” said City of Miramar Police Officer and Miramar Police Athletic League Executive Director Scott Hadley. “They have supported us every year since then, and we can’t thank them enough.”

 “It’s a great way for us to provide a safe environment for the kids during summer when they’re not in school. We offer a ton of fun activities that they wouldn’t get to do otherwise and many of them come back year after year,” said Sergeant Julie Black. “Plus, it’s a lot of fun.”

“We are delighted to support ‘Hangin’ with 5-0’ for the eighth consecutive year,” said Maridee Bell, vice president of Sunbeam Properties, developer of the Miramar Park of Commerce. “The program meets a need in our community and certainly brightens the summer season for so many students. We have no doubts that it will continue to do so.”

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

954-776-1999

Pierson Grant Public Relations

Lexi Robinson, ext. 255 lrobinson@piersongrant.com

Chicago Title Insurance Co. Expands, Extends Lease at Centerview I in Raleigh, NC

Kaler Walker

RALEIGH, NC — Chicago Title Insurance Co. has extended and expanded its lease by 2,209 square feet at Centerview I, located at 5540 Centerview Drive in Raleigh.

 The company now occupies a total of 4,583 square feet. Kaler Walker and John Mikels of Lincoln Harris’ Raleigh office represented the landlord, True North Management Group, in the transaction, and the tenant Gardner Gibson with Davis Moore and Steve Sharpe with Orion Realty Group represented the tenant.

“Within less than a year of occupancy at Centerview I, Chicago Title Insurance Co. already needed to nearly double its space,” Mikels said. “This is indicative of Raleigh’s thriving business environment, and we are glad Chicago Title Insurance Co. has been happy with their space at Centerview I.”

The landlord recently completed renovations of the building’s common areas, including the addition of new bathrooms.

 A new 3,628-square-foot spec suite on the fourth floor was recently completed as well. The building, located at 5540 Centerview Drive, offers a prime location in West Raleigh with convenient access to Interstate 40.

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

Savannah Durban

The Wilbert Group

404-343-0870

sdurban@thewilbertgroup.com

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Lowes Foods Opens Anchor Store at Morganton Park South in Southern Pines, NC

John Mikels

 RALEIGH, N.C. — Lowes Foods has opened a 50,000-square-foot anchor store at Morganton Park South, a 71,000-square-foot retail center located at 2482 Morganton Road in Southern Pines, North Carolina.

“The store’s grand opening was a huge success, filled with vendors, promotions and fantastic live music,” said John Mikels of Lincoln Harris’ Raleigh office, the leasing agent for the property.

“The store is focusing on stocking its shelves with products from local businesses, which has been very well received by the local community.”

Morganton Park South is part of the 188-acre Morganton Park master-planned community and is the first phase of development, located on the south side of Morganton Road. 

In addition to the 50,000-square-foot Lowes, the first phase of development included 21,000 square feet of additional retail space, 18,438 square feet of which remains available, as well as four outparcels for sale or lease.

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

Savannah Durban

The Wilbert Group

404-343-0870

sdurban@thewilbertgroup.com

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Homes Grand Opening of Gated Community in Dr. Phillips –Ruby Lake – set for Sept. 17 in Orlando, FL

Lyndsey Patterson

ORLANDO, FL --- Pulte Homes will host a grand opening Saturday, Sept. 17, at Ruby Lake, its newest gated community in the Dr. Phillips area offering single-family homes priced from the $400s and resort-style amenities.

Lyndsey Patterson, Director of Marketing for Pulte’s North Florida division, said

the event is open to the public from 1 to 3 p.m. with food, refreshments, live music and crafts for the kids included in the festivities along with tours of two model homes – the Siena and the Pompeii with Loft.

Ruby Lake Clubhouse, Orlando, FL

 Located off of Palm Parkway in the Dr. Phillips area, Ruby Lake is accessible to highly rated Dr. Phillips schools.  

It sits in close proximity to all of Orlando’s major attractions and is a five-minute drive to “Restaurant Row” on Sand Lake Rd.

Among the community’s 236 home sites, nearly 100 of them come with breathtaking waterfront living and views of picturesque Ruby Lake. 

Patterson said nine one and two-story home designs are offered at Ruby Lake ranging from more than 1,900 square feet to over 5,000 square feet of living area with from three to seven bedrooms, two-and-a-half to six-and-a-half baths with two and three car garages. 

Visit http://pulte.com/RubyLake

 or call 877-792-1144 for more information.

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

Stepp Commercial Completes Sale of Value-Add Apartment Property with 100% Rental Upside in Santa Monica, CA

                                                                    

Kimberly Roberts Stepp

                                              Santa Monica, CA,  Aug. 30, 2016 – Stepp Commercial, a leading multifamily brokerage firm in the Santa Monica market, has completed the $2 million sale of a fully occupied six-unit apartment property located at 1937 17th Street in Santa Monica. 

Kimberly Roberts Stepp, principal, and Aynsley Armbrust, vice president, with Stepp Commercial, represented the seller, a private investor from Los Angeles. 

Stepp also represented the buyer, Pasadena-based Downstream Exchange Company. The transaction closed at a very low cap rate of 2.6 percent and the price per unit was $333,000. 

“This property offers the buyer a huge value-add opportunity to renovate the asset and increase rents by 100 percent, bringing them to market rate as vacancies occur,” said Stepp. 

“We garnered a strong amount of interest in this property with a total of eight offers, and closed at one of the lowest cap rates in the market to date for comparable apartment deals in the area.”

Built in 1948 and 1960, the two-building property consists of five two-bedroom units and one three-bedroom unit. Some of the units have private patios and formal dining rooms. 

The well-located asset is one-quarter mile from the new 17th Street/Colorado Blvd. Metro Expo Line station and is just one block from Santa Monica Community College. 

 Stepp Commercial is a brokerage firm specializing in the multifamily sector for properties ranging in size from $1 million to $50 million.

Aynsley Armbrust

Stepp Commercial’s mission is to provide apartment owners with a fully integrated sales platform that includes comprehensive market knowledge and local real estate expertise to successfully complete any type of multifamily transaction.

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

Darcie Giacchetto

949.278.6224

www.teamstepp.com