U.S. Foreclosure Activity Decreases 3% in July, RealtyTrac® Reports

IRVINE, CA — RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for July 2012, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 191,925 U.S. properties in July, a decrease of 3 percent from the previous month and a decrease of 10 percent from July 2011.

The report also shows one in every 686 U.S. housing units with a foreclosure filing during the month.

  

“U.S. foreclosure activity continued its uneven descent in July as the overall numbers declined on an annual basis for the 22nd straight month, but properties starting the foreclosure process increased on an annual basis for the third straight month,” said Daren Blomquist (top right photo), Vice President of RealtyTrac.

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

Christine Stricker

949.502.8300, ext. 268

christine.stricker@realtytrac.com

Order Custom Data:

Data Sales Department

800.913.0439

datasales@realtytrac.com

DoubleTree by Hilton Unveils Plan for First Hotel in Liverpool, United Kingdom

 

MCLEAN, Va. – August 9, 2012 – Hilton Worldwide  announced it has signed a franchise agreement with Municipal Annex Limited to open the first DoubleTree by Hilton in Liverpool, U.K.

The 87-room DoubleTree by Hilton Liverpool will join the brand’s rapidly growing portfolio of upscale, full service hotels, including recently added properties in locations such as Leeds, Manchester and London.

Sanguine Hospitality has been named to manage the DoubleTree by Hilton Liverpool on behalf of the property’s owner, Municipal Annex Limited.

“The Liverpool market remains one of the most active development centers in the U.K. for Hilton Worldwide, already home to our upscale Hilton and economy Hampton by Hilton brands,” said Rob Palleschi (top right photo), global head, DoubleTree by Hilton.

“With nearly 60 DoubleTree by Hilton hotels either open or under development, Europe remains a target development market for the brand,” said Patrick Fitzgibbon (lower right photo), senior vice president, development, Europe & Africa, Hilton Worldwide.

The hotel is expected to open in summer 2013 in the city’s former Municipal Annexe (middle  left photo)  on the corner of Sir Thomas and Dale Street. Constructed in 1865, the English Heritage Grade II-listed building will retain much of its original grandeur.  Hotel amenities will include a restaurant, residents’ lounge, spa and swimming pool, as well as conference and events facilities.

 To find out information about any DoubleTree by Hilton hotel, travellers may visit our website at www.DoubleTree.com or contact their preferred travel professional. Social media users may connect with us at www.facebook.com/doubletree

 www.twitter.com/doubletree

 www.youtube.com/doubletreehotels

.For the latest news, story starters and fact sheets about our brand, reporters and bloggers may visit our DoubleTree by Hilton Global Media Centre at www.doubletreebyhiltonglobalmediacenter.com.

Connect with Hilton Worldwide at

www.facebook.com/hiltonworldwide,

 www.twitter.com/hiltonworldwide,

www.youtube.com/hiltonworldwide,

 www.flickr.com/hiltonworldwide  

www.linkedin.com/company/hilton-worldwide.

www.hiltonworldwide.com

.

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

Maggie Giddens

Hilton Worldwide

+1 703 883 5346

Maggie.giddens@hilton.com

Chris Daly

Daly Gray, Inc.

+1 703 435 6293

chris@dalygray.com

Cousins Signs Atlanta Life Financial Group at One Ninety One Peachtree Tower in Atlanta, GA

                        

 Atlanta, GA – Cousins Properties Incorporated (NYSE: CUZ) has signed a 33,137-square-foot lease with Atlanta Life Financial Group (ALFG) at One Ninety One Peachtree Tower (top left photo). 

Michael Tabb of Red Rock Global and Pete Shelton of Colliers International represented Atlanta Life in the transaction. 

Atlanta Life Financial Group is a 107 year-old, a privately-owned financial services company that helps consumers, businesses and communities build and protect wealth. 

ALFG will relocate its Atlanta headquarters to the 25th and 26th floors of One Ninety One Peachtree Tower in November 2012. 

"ALFG’s Board, management team and employees are all very excited about the company’s return to Peachtree Street and relocating our headquarters to One Ninety One Peachtree Tower," said William J. Taggart,(middle right photo) President and CEO of Atlanta Life.  Atlanta Life’s founder Alonzo Herndon started his first successful business enterprise at 66 Peachtree Street over a century ago.

 The move will relocate the Atlanta-based firm just a few blocks from their existing space in downtown Atlanta.

"We have greatly enjoyed our 32 years at our current headquarters and cherish the great memories and history of Auburn Avenue,” said Taggart.

“After assessing various options, the opportunity to move to One Ninety One Peachtree was simply too good to pass up. Cousins is a world-class organization and One Ninety One Peachtree is one of the finest buildings in Atlanta and the Southeast."  

One Ninety One Peachtree Tower is a 50-story, 1.2 million-square-foot tower of Class A office space, retail, and restaurant space located at 191 Peachtree Street in downtown Atlanta.

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

Cameron Golden

Vice President

Investor Relations/Corporate Communications

(404) 407-1984

camerongolden@cousinsproperties.com

Web site address:  www.cousinsproperties.com

                  

Tina Theriault

JACKSON SPALDING

Image Creation, Cultivation and Communication

P 404.214.2199

C 678.523.5857

E ttheriault@jacksonspalding.com

www.jacksonspalding.com

HFF arranges $10.2 million financing for Class A office in Carlsbad, CA

  

IRVINE, CA – HFF announced it has arranged a $10.2 million financing for a 75,160-square-foot, Class A office building in Carlsbad, California.

HFF worked exclusively on behalf of Mararisk Carlsbad, LLC to secure the 10-year, 3.66 percent fixed-rate loan through one of their life company relationships.

The building is located at 5791 Van Allen Way (top left photo),  approximately two miles north of McClellan-Palomar Airport in Carlsbad.  Built in 1999, the property is 100 percent occupied on a triple net lease basis to Life Technologies.  

The HFF team representing Mararisk Carlsbad, LLC was led by managing director David Bleiweiss (lower right photo) and director John Chun.

  

Contacts:

DAVID BLEIWEISS                                     

HFF Managing Director                            

(949) 253-8800                                         

dbleiweiss@hfflp.com                              

JOHN CHUN                                       

HFF Director                                      

(949) 253-8800                                 

jchun@hfflp.com                             

 OLIVIA N. HENNESSEY

HFF Associate, Marketing              

(713) 852-3500               

ohennessey@hfflp.com

HFF arranges $11 million financing for Warehouse Central in Denver, CO

 IRVINE, CA – HFF announced it has arranged an $11 million financing for Warehouse Central (top left photo) a 325,858-square-foot industrial building in Denver, Colorado.

HFF worked on behalf of IBC Holdings to secure the five-year, fixed-rate loan through a national life company.  HFF will also service the loan.

The property is located at 2300-2550 West 5th Avenue near the Grand Army of the Republic Highway and Interstate 25 interchange.  The property is 91 percent leased and includes approximately 10 percent office space.

The HFF team representing the borrower was led by senior managing director Kevin Mackenzie (middle right photo) and director Josh Simon (lower left photo).

“The lender displayed an excellent understanding of the asset and provided a flexible loan structure that allowed the borrower to execute their business plan while maintaining an attractive cost of capital,” commented Mackenzie.

IBC Holdings, LLC is a commercial real estate firm that specializes in the acquisition, development and redevelopment of industrial and office properties in select U.S. markets.  IBC concentrates its research driven efforts in primary and some secondary cities. 

 Its market driven strategy is threefold;

•  Opportunistic acquisition of quality assets at a discount to replacement cost,
• Creating value from the repositioning of existing facilities, and
• Developing an inventory of general purpose industrial buildings.

Contacts:

KEVIN C. MACKENZIE 

 HFF Senior Managing Director                              

(949) 253-8800                                                      

kmackenzie@hfflp.com                                         

OLIVIA N. HENNESSEY

HFF Associate, Marketing              

(713) 852-3500               

ohennessey@hfflp.com

HFF closes $55.5 million sale of a five-property grocery-anchored retail portfolio in Florida

  

MIAMI, FL – HFF announced today that it has closed the sale of a five-property grocery-anchored retail portfolio totaling 333,615 square feet in northern and central Florida.

HFF marketed the properties on behalf of the seller, EDENS.  H&R REIT purchased the portfolio for $55.5 million.

Property details are listed below:

• Corridors at Ponte Vedra, The Fresh Market anchor, 52,959 SF, 89.5% occupied, Jacksonville, FL
• Mandarin Oaks, Publix anchor, 56,700 SF, 97.2% occupied, Jacksonville, FL
• First Merritt Center, Publix anchor, 88,316 SF, 91.0% occupied, Merritt Island, FL
• Publix at Holly Hill, Publix anchor, 57,870 SF, 97.8% occupied, Holly Hill, FL
• Publix at Summer Bay, Publix anchor, 77,770 SF, 93.8%, Clermont, FL

 

 The HFF investment sales team representing the seller was led by senior managing directors Danny Finkle (top right photo) and Brad Peterson (middle left photo), director Luis Castillo (lower right photo) and real estate analyst Rob Saracco. 

Within the past 90 days, HFF has capitalized more than $325 million of retail transactions in Florida.

Contacts:

DANIEL FINKLE                                   

HFF Senior Managing Director               

(305) 448-1333                                          

dfinkle@hfflp.com                                  

LUIS CASTILLO                        

HFF Director                              

(305) 448-1333                             

lcastillo@hfflp.com                     

  

OLIVIA N. HENNESSEY

HFF Associate, Marketing              

(713) 852-3500               

ohennessey@hfflp.com

$75 million sale of 200 West Monroe in Chicago’s West Loop closed by HFF

CHICAGO, IL – HFF announced  it has closed the sale of 200 West Monroe (top left photo), a 535,900-square-foot office building in Chicago.

HFF marketed the property on behalf of a national private investment firm.  A joint venture comprised of Lubert Adler and The Farbman Group purchased the property for $75 million.

200 West Monroe is located at the northwest corner of the intersection of West Monroe and South Wells in the West Loop district of Chicago. 

Renovated in 2006, the 23-story property is currently 80 percent occupied.  The property also includes 113,354 square feet of separately-owned space that is occupied by an affiliate of the Jewish Federation of Metropolitan Chicago.

 



The HFF investment sales team representing the seller was led by senior managing directors Jeff Bramson (middle right photo) and Jaime Fink (lower left photo) and director Mark Katz. 

Lubert-Adler is a real estate investment company co-founded by Ira Lubert and Dean Adler in March 1997.  Messrs. Lubert and Adler collectively have more than 50 years of experience in underwriting, acquiring, repositioning, refinancing and exiting real estate assets. 

For more information, visit www.lubertadler.com. 

 

Based in Detroit, The Farbman Group is one of the largest and most respected full-service commercial real estate organizations in the country. 

With more than three decades of experience, the firm offers a wide range of customized real estate services including brokerage, property management, development, construction and tenant services. 

For more information, visit www.farbman.com

.

Contacts:

JEFFREY M. BRAMSON                           

HFF Senior Managing Director             

  (312) 528-3650                                       

bramson@hfflp.com                            

JAIME F. FINK                                       

HFF Senior Managing Director       

(312) 528-3650                                   

jfink@hfflp.com                                

OLIVIA N. HENNESSEY

HFF Associate, Marketing              

(713) 852-3500               

ohennessey@hfflp.com

ARA South Florida Team Executes Sale of 296 Units in Pembroke Pines, FL

Pembroke Pines, FL  — Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, announces the sale of the 296-unit Lakes at Pembroke (top left photo), located in Pembroke Pines, FL for $42,000,000. The asset was 96% occupied at the time of sale.š

ARA South Florida-based Principals Marc deBaptiste and Avery Klann, along with Senior Vice President, Hampton Beebe represented LaSalle Investment Management in the sale to Atlanta, GA-based Stockbridge Capital.

 Lakes at Pembroke is located in a prime infill location, set among some of the best schools in the area.š Both Pasadena Lakes Elementary and Pines Middle School were ‘A’ rated for the 2010-2011 school year.

For a complete copy of the company’s news release and to schedule an interview with an ARA executive regarding this transaction or for more information about ARA, nationally please contact

Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360 or

 Amy Morris at amorris@ARAusa.com, 678.553.9366;

locally, Marti Zenor, at mzenor@ARAusa.com or 561.988.8800.šš

IPA Sells 192-Unit Multifamily Asset in Pinellas Park, FL

 PINELLAS PARK, FL– Institutional Property Advisors (IPA), a Marcus & Millichap company serving the needs of institutional and major private multifamily investors, has closed the sale of Runaway Bay (top left photo), a 192-unit multifamily  property located in Pinellas Park, a central Pinellas County city within the Tampa Bay Area.

Jamie B. May, an executive director of IPA, represented the seller, AIMCO. The buyer is J.I. Kislak Inc.

“Runaway Bay is an attractive, well-located, Class B-plus asset that has received numerous capital improvements,” says May. “The property was more than 92-percent occupied at the time of the sale, which is consistent with its historically high occupancy rate.”

“Pinellas County’s future apartment supply is forecast to be limited while the county’s projected occupancy and rent growth remain strong,” adds May. “Runaway Bay is well positioned to benefit immensely in the near term as the economy continues to recover.”

The 165,528-square foot property is located at 4701 88th Ave. North in Pinellas Park. Interstate 275 is within two miles of the apartment complex. St Petersburg-Clearwater International Airport is just three miles from the property and Tampa International Airport is 16 miles away.

Constructed in 1985 on 14.5 acres, Runaway Bay is composed of 12 two-story residential buildings with an average unit size of 862 square feet.

There are 80 one-bedroom units, 24 two-bedroom/one-bath apartments, 24 two-bedroom/one-and-a-half-bath units and 64 two-bedroom/two-bath apartments. Approximately 35 percent of the unit interiors have been renovated.

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

Stacey Corso

Public Relations Manager

(925) 953-1716

http://www.institutionalpropertyadvisors.com/

Robert D. Voit to Receive Lifetime Achievement Award in Orange County, CA

Orange County, CA – Robert D. Voit (top right photo), founder and CEO of Newport Beach-based Voit Real Estate Services, has been named as the 2012 recipient of the RealShare Orange County Lifetime Achievement Award.

Voit will be presented with the Lifetime Achievement Award during a ceremony at the upcoming RealShare Orange County conference in Irvine, Calif. on August 16.

This prestigious award is presented to an individual who has changed the landscape of the real estate community in his or her local market.

“Certain names just come to mind when talking about Orange County real estate, and Bob Voit is at the very top of that list,” says Daniel Ceniceros (lower left photo), Vice President of Strategic Development for RealShare Orange County.

Voit founded his firm as The Voit Corporation in 1971, and has spearheaded its expansion throughout the Western U.S.  The company has grown to 10 offices and has successfully owned, developed and managed more than 50 million square feet of commercial real estate to date. 

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

  Judith Brower/Jenn Quader

  Brower, Miller & Cole

  (949) 955-7940

  JQuader@browermillercole.com

Celebration Golf Management hopes to raise more than $7,000 with Patriot Day on Sept. 1 at 9 Central Florida Golf Courses

CELEBRATION, FL – Celebration Golf Management, which operates nine of Central Florida’s best known golf courses, hopes to raise more than $7,000 during its annual Patriots Day Celebrations Sept. 1.

“We are optimistic that we will surpass the previous year’s fundraising total of $3,100,” said Scottish PGA Professional Kenny Nairn (top right photo), executive vice president at Celebration Golf Management.

The cause is certainly worthy: Folds of Honor Foundation provides post-secondary educational scholarships for children and spouses of military service men and women killed or disabled while serving in the U.S. military.

And the charitable effort is easy too, Nairn explained. “We are asking all our golfers to donate a minimum of just one dollar when they play,” Nairn said.

To participate, visit the following golf courses:

Celebration Golf Club, The Golden Bear Club, Kings Ridge Golf Club Stoneybrook West Golf Club, Stonegate Golf Club, Orange County National Golf Center & Lodge, RedTail Golf Club, Eagle Creek Golf Club, Legends Golf Club.

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

·        

Kenny Nairn, Executive Vice President of Golf, Celebration Golf Management, 407-566-4653 x4606 Knairn@cgmgolfproperties.com

Gene Garrote, President, Celebration Golf Management, 407-566-4653 x 4601;  

Larry Vershel, Larry Vershel Communications 407-644-4142 Lvershelco@aol.com   

HFF arranges acquisition financing for Enclave at Northwood in Clearwater, FL

                      

MIAMI, FL – HFF announced today that it has arranged acquisition financing for Enclave at Northwood (top left photo), a 188-unit garden-style multi-housing community in Clearwater, Florida.

HFF worked exclusively on behalf of an affiliate of Stonebridge Investments to secure the 10-year, fixed-rate loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. 

The securitized loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.

Enclave at Northwood is located at 2690 Enterprise Road, northeast of downtown Clearwater and Clearwater Beach.  The two-phased community is 96 percent occupied and features a mixture of one-, two- and three-bedroom townhome and villa units.  Community amenities include a swimming pool with picnic area, fitness center and tennis court.

The HFF team representing the borrower was led by director Elliott Throne (middle right photo) and senior real estate analyst Todd Adams (bottom left photo).   ZRS Management, LLC will provide property management services.

“Stonebridge acquired the property on attractive terms as they successfully captured a very low interest rate on a long-term loan, which will allow them to further enhance the returns on this asset,” stated Throne.

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

                          

ELLIOTT P. THRONE                                        

HFF Director

 (305) 421-6549                                                           

ethrone@hfflp.com                                                    

OLIVIA N. HENNESSEY

HFF Associate, Marketing

(713) 852-3500                                                      

ohennessey@hfflp.com

HFF closes sale of four-property storage portfolio in Houston area

HOUSTON, TX – HFF announced today that it has closed the sale of a four-property storage portfolio totaling 235,793 square feet in the Houston area.

HFF marketed the offering exclusively on behalf of the seller, a joint venture comprised of Private Mini Storage and Clarion Partners.  CubeSmart purchased the properties for an undisclosed amount free and clear of debt.

The HFF team representing the seller was led by senior managing director Aaron Swerdlin (top right photo) managing director Doug McCarron and director Barbara Guffey.

For a complete copy of the company’s new release and list of properties, please contact:

                          

AARON A. SWERDLIN                                 

HFF Senior Managing Director                   

(713) 852-3500                                           

aswerdlin@hfflp.com                                      

OLIVIA N. HENNESSEY

HFF Associate, Marketing

(713) 852-3500                                                      

ohennessey@hfflp.com

NAI Realvest negotiates two leases totaling 5,750 SF at Hanging Moss CommerCenter in Orlando, FL

  

MAITLAND, FL. – NAI Realvest recently negotiated two lease agreements for industrial space totaling 5,750 square feet at Hanging Moss CommerCenter (top left photo) in Orlando representing the Landlord COP-Hanging Moss, LLC of Maitland.

 NAI Realvest Principal Michael Heidrich (lower right photo) negotiated a renewal agreement with Carisma LLC for the 3,750 square feet in suites 260 and 270 at 6136 Hanging Moss Rd.  Nick Poole of CNL Commercial Real Estate represented the tenant.

Merkel Imports LLC of Orlando signed a new lease for 2,000 square feet in suite 410 at 6112 Hanging Moss Rd.   Heidrich brokered the transaction representing the landlord.

For more information,  contact:

Michael Heidrich, Principal NAI Realvest, 407-875-9989 mheidrich@realvest.com;

Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com  

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