Tuesday, February 18, 2014

Multi Housing Advisors Brokers $18.5 Million Sale of 240-Unit Apartment Community in Anderson, S.C.



Walden Oaks Apartments, Anderson, SC


Jordan McCarley

ANDERSON, S.C. (Feb. 18, 2014) — Multi Housing Advisors (MHA) has brokered the $18.5 million sale of Walden Oaks, a 240-unit apartment community in Anderson, S.C.

Jordan McCarley and Marc Robinson of MHA represented the seller, Hathaway Development Partners, and were the only brokers involved in the deal. Chartwell Holdings purchased the community, which was built in 2007.

“The Walden Oaks sale was highly competitive process and shows that the multifamily investment market remains very strong as we move in to 2014. 

“An attractive debt and equity environment combined with strong operating performance is resulting in significant investor demand for multi-family assets in the southeast,” McCarley said. “We anticipate investor activity and pricing to remain high in 2014 as lenders continue to re-enter the market.” 


Marc Robinson
 MHA has several other properties on the market in South Carolina: the 92-unit Springbrook in Anderson; a portfolio of 274 units in Spartanburg that includes the 98-unit Magnolia Townhomes and the 176-unit The Corners; and the 246-unit Century Forest in Greenville.

 MHA has targeted the Carolinas as markets for growth. In 2013, MHA expanded its Charlotte, N.C., office and intends to open additional offices in the South.

 MHA enjoys a total sales transaction volume that has surpassed $2.7 billion, representing more than 83,000 units and more than 500 individual transactions. MHA serves local, regional and national clients and has become known for its effective multi-office platform, excellent transaction history and rapid growth.




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)


For the Third Year Running, Beech Street Capital Ranks Among Fannie Mae’s Top Five DUS® Lenders


Grace Huebscher
BETHESDA, MD, Feb. 18, 2014  – Beech Street Capital posted a fourth year of solid growth and performed well in year-end rankings, despite Fannie Mae’s and Freddie Mac’s mandated 10 percent reduction in multifamily loan volume.  Beech Street ended the year with a portfolio of 913 loans totaling almost $10.9 billion.

 For the third year in a row, Beech Street Capital, a Capital One company, placed among the top five lenders in the country on Fannie Mae’s annual list of top multifamily loan originators.  Beech Street was the top producer for manufactured housing communities (MHC) in 2013.

 In the Freddie Mac’ rankings, Beech Street continued to move up, placing sixth in the agency’s list of top sellers nationwide for 2013.  The firm’s volume with Freddie rose 24 percent in 2013.  Beech Street’s results for the year also revealed its growing presence in FHA lending.  The company’s volume for 2013 was up 65 percent over 2012.

“The constant that drove our success with Fannie, Freddie and FHA this year, as it has in the past, is the value we place on relationships,” says Grace Huebscher, Beech Street’s president.

“We look for opportunities to build bridges to the agencies.  And with every transaction, we find ways to exceed the expectations of our borrowers.”

 Huebscher believes that the company’s agency relationships and its demonstrated commitment to going the extra mile for customers help to differentiate it from the competition, attract new business, and convert new clients into repeat customers.

Now as a Capital One company, Huebscher foresees expanding those relationships even further.  “We can now make other forms of financing available to our customers that complement our agency expertise,” she says.  “We’re very excited about what we have to offer.”

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

Courtney Lewis at 240-507-1948
Jenifer Bernardi at 240-507-1946.


HFF secures $4.1 million refinancing for Bayshore Beach Villas in Long Beach, CA


Bayshore Beach Villas Apartments, Long Beach, CA

Charles W. Halladay
IRVINE, CA - HFF announced today that it has secured a $4.1 million refinancing for Bayshore Beach Villas, a 23-unit multi-housing community in Long Beach, California.

HFF worked on behalf of the borrower, Universe Holdings, to secure the seven-year, 4.34 percent, fixed-rate loan through Freddie Mac (Federal Home Loan Mortgage Corporation).  HFF will service the securitized loan through its Freddie Mac Program Plus® Seller/Servicer program. 

This is the 11th refinancing HFF has arranged for Universe through the agency lender in the last two years.  The properties refinanced are all located throughout Southern California and total 790 units and $73.6 million in financing.

Bayshore Beach Villas is a fully leased community with three two-story residential buildings.  Located at 40 Bay Shore Ave, the property is on the bay with spectacular views of Belmont Shore Beach, and is close to Seal Beach, Huntington Beach and the 605 and 405 Freeways.

The HFF debt placement team representing the borrower was led by director Charles Halladay.

Universe Holdings led by Henry Manoucheri, its Chairman and CEO is an experienced operator of  several thousand apartments, with more than 80 cumulative years of experience owning, managing, and renovating Class B multifamily properties in Southern California.

Henry Manoucherie

“We are very pleased with the consistent and professional execution of the HFF team,” stated Henry Manoucheri.  

“Our firm continues to return capital and exceptional steady returns to our private and institutional investors.  We look forward to acquiring more coastal value-add opportunities from San Diego to the Bay area.”
  
For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


Peoples Bank Expands Mortgage Presence to Florida

      
Matt Malloy
LAWRENCE, KS -- Peoples Bank, one of America’s premiere community banks, announces an expansion into Florida with the creation of their newest mortgage division, Integrity Home Loan.

 Longtime Florida Mortgage Banker Matt Malloy will serve as President of Integrity Home Loan and brings with him approximately 80 of Florida’s leading Mortgage Bankers.

“Our team is excited to partner with Peoples Bank” Says Malloy, “I believe our team of Mortgage Bankers is the strongest in the entire state.

“When you combine that with the ability to lend in all 50 states, their proven operating platform and product portfolio - it puts us in a position to continue outshining the competition.”

Matt has been successful in the mortgage industry for over 15 years. After serving in management roles, he founded Integrity Home Loan, Inc. in 2005.

“Matt has a tremendous reputation and a long record of success in the business.” Says Peoples Bank CEO Wint Winter, Jr., “His commitment to quality products and high-service is also shared by Peoples Bank, and we’re excited to be serving the state of Florida.”

Wint Winter Jr.
Integrity Home Loan is currently operating offices in Lake Mary, Tampa, West Palm Beach, and Coral Springs, FL.

Peoples Bank is a family-owned and operated Community Bank headquartered in Kansas.

 “We aren’t the biggest bank in the nation, but we strive to be the best.” Explains Winter “We are in that sweet spot - we’re small enough to care about every Guest and each Banker, but we’re big enough to ensure the resources needed to compete successfully.”

Established 1871, Peoples is a federally regulated, Member FDIC, and a Federal Reserve Bank.  It has been owned and operated by the Winter Family since 1974.  Peoples was named the 19th largest Mortgage Lender among depository institutions according to the Federal Reserve Bank.


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

Molly Winter,
 Director of Mortgage Marketing
785-218-9242


Amata Office Centers Represented by Taylor Johnson

  
Frank Chalupa
CHICAGO, IL, Feb. 18, 2014 --Emily Johnson, president of Taylor Johnson announced today that Taylor Johnson now represents Amata Office Centers, the largest privately owned office suites provider in Chicago.

 For more than a decade, Amata has been connecting small, entrepreneurial businesses, as well as national and international companies looking to set up offices in Chicago, with the facilities and services they need to grow and succeed.

 With five state-of-the-art locations in downtown Chicago and a sixth slated to open this spring, Amata provides its clients with furnished office suites and workstations, as well as virtual office services for the home-based professional.

A licensed brokerage, Amata also helps clients find and secure a larger, more permanent home if they outgrow their space. Frank Chalupa is  President and Co-Founder of the company.

 Amata’s CEO and co-founder, Ron Bockstahler, and vice president, Roger Koeppen, stand out in the industry because of their passion for working directly with clients, analyzing their needs and finding solutions.

Ron Bockstahler
The energetic duo is knowledgeable on a variety of topics, including

·        Shared vs. traditional office space 
·        Virtual offices
·        Chicago’s downtown office market
·        Workplace and small business trends

Ron and Roger will also be able to provide insight on office solutions for new and growing companies, as well as law firms, which comprise nearly 40 percent of Amata’s business.

Additionally, they will be able to discuss the needs and preferences of national and international corporations looking to establish a presence in the Chicago area.
 
Key Facts:

Founded: 2002
Total employees: 26

Company Profile:

Amata Office Centers is a Chicago-based office space provider specializing in real and virtual offices and conference room rentals. Founded in 2002, Amata offers an array of full- and part-time office solutions to businesses of all sizes, including solo practitioners and startups, as well as large corporations looking to establish sales outposts in Chicago. With six state-of-the-art locations to choose from in the city’s central business district, all with easy access to public transportation, Amata offers flexible terms to allow businesses to change and grow as needed.

Roger Koeppen

 The company’s current centers include:

·         150 N. Michigan Avenue, Suite 800
 ·         150 N. Michigan Avenue, Suite 2800
 ·         180 N. LaSalle Street, Suite 3700
 ·         161 N. Clark Street, Suite 4700
 ·         225 W. Washington Street, Suite 2200
 ·         150 S. Wacker Drive, Suite 2400
  
Amata Services:

Furnished Offices:

Amata offers a variety of workspaces designed to meet each client’s needs. Through the company’s “aSpot2Work” program, customers can rent customizable workstations with access to a live phone receptionist and high-speed Internet. 

For added privacy, clients can also lease furnished offices of varying sizes through Amata’s “aSuiteOffice” program, available at all locations. In addition to mail service and discounted parking, all Amata tenants have access to spacious conference rooms, an on-site cafĂ© and Amata’s signature Cognac room, complete with complimentary cocktails. Amata’s “aLawCenter” locations at 180 N. LaSalle St. and 161 N. Clark St. cater to the company’s legal clients, offering private deposition rooms, paralegal support and docket services.

Emily Johnson
Virtual Offices:

The rise of mobile technology has changed the way companies do business, allowing employees to work from home, their local coffee shop or virtually anywhere they have access to an Internet connection. 

Through its customizable “aVirtualOffice” service, Amata offers customers a live phone receptionist, their own mailing address and monthly access to a private office or conference room in one of the company’s landmark buildings. 

Unlike many of its competitors, Amata does not display its name in lobbies or other common areas, allowing its tenants to take center stage.



If an Amata client has no need for office or conference space, Amata still can provide phone and mail services through its “aBusinessPhone” plans, all of which come with a live receptionist who answers calls with a greeting tailored to each client and routes them to the appropriate number so callers never know “aBusinessPhone” clients don’t have a physical office.


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

Kelly Shumaker at Taylor Johnson
(312) 267-4519 or

Charles Dunn Co. Completes $1.5 Million Sale of Multifamily Property in Los Angeles

  
1821 Overland Avenue Apartments, Santa Monica, CA


Ramin Gheitanchi

LOS ANGELES, CA, Feb. 18, 2014 – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $1.5 million sale of a fully occupied, four-unit multifamily property located at 1821 Overland Ave. near Santa Monica Blvd. in Los Angeles.

Ramin Gheitanchi of Charles Dunn Company represented buyer, 1821 JCE Overland, LLC.

The seller, a private investor, was represented by Daniel Tabon of Aveo Realty & Investments.

The property is centrally located near the 405 and 10 freeways, UCLA, Century City, Westwood Village, Westside Pavilion, and the Century City Mall.

“The buyer owns the apartment building next door and purchased this building for long-term development potential,” said Gheitanchi. “Prime Westside properties rarely come on the market and this was an opportunity to add an additional lot.”

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

Darcie Giacchetto
D.G. Communications, Inc.
949.278.6224

George Smith Partners Secures $5.1 Million in Construction Financing for Class-A Multifamily Development in Las Vegas, NV


Rendering of planned Elysian in the District apartments, Las Vegas, NV

David Rifkind

LAS VEGAS, NV (Feb. 18, 2014) – Commercial real estate investment banking firm George Smith Partners has successfully arranged $51 million in construction financing for the development of Elysian at the District, a 360-unit Class-A multifamily community in Las Vegas, according to George Smith Partners’ Principal and Managing Director David Rifkind.

Rifkind was assisted by George Smith Partners’ Vice President Omer Ivanir.

The property will be developed by joint venture partners The Calida Group and Cypress Equity Investments.

“This project is positioned to be one of the highest quality, most amenity-rich and dynamic rental projects in Las Vegas,” says Rifkind.

“From a location standpoint, financing this project appeared to be a win-win,” Rifkind explains. “It is in a sought-after area and will be in close proximity to more than 15 restaurants, a movie theater, a grocery store, a library and a number of highly rated public schools.  While it would initially appear that it would be fairly easy to find a lender, we faced a challenge when it came to loan-per-unit development cost.”

Omer Ivanir
Rifkind notes that the proposed development’s exceptional location and Class-A quality resulted in a loan-per-unit cost that was much higher than other completed comps in the market.

“For lenders, many of which are already hesitant to lend in Las Vegas, this discrepancy in cost was a potential roadblock,” he says. 

To bypass that roadblock, the George Smith Partners team focused on the value and stability of the proposed project, as well as the considerable experience of the joint venture developers.

“The Calida Group and Cypress Equity Investments have a strong track record of developing quality product in the Las Vegas market, and we leveraged that success in order to identify the right lender for this deal,” says Rifkind.

Douglas Eisner, Co-Founder and Managing Director of The Calida Group explains, “When we bought the land for Elysian at the District, we knew it was a once-in-a-cycle opportunity, and we designed a project that honored the quality of the location.” Eisner added that “developing trophy assets in a recovering economy has its challenges.”

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

Corynne Randel/ Jenn Quader
Brower, Miller & Cole
(949) 955-7940

Kimberly Rousseau Joins Cooper Carry As Director of Interior Design



Kimberly Rousseau
ATLANTA, GA (Feb. 18, 2014) – Cooper Carry, an internationally recognized design firm, has hired Kimberly Rousseau as Director of Interior Design. Ms. Rousseau will lead the firm’s growing interior design group.

“Kim’s extensive background, long-standing client relationships and impressive project portfolio make her a wonderful addition to the interiors group at Cooper Carry,” said Kevin Cantley, CEO and president of Cooper Carry. 

“We look forward to leveraging her expertise as we continue to grow this important service within our firm.”

Kim has over 18 years of professional experience in interior design and project management, specializing in the design of commercial interiors. She maintains a position of continued involvement in projects from initial programming through project close out.

Long term clients include AIG, Sutherland, Asbill & Brennan, Newell Rubbermaid, McKinsey, Kids II, and Schiff Hardin.

Kevin Cantley
 Kim’s notable projects include the award winning corporate headquarters for Newell Rubbermaid, multiple college campuses in Saudi Arabia, special needs Camp Southern Ground, a mock courtroom for Sutherland, Asbill & Brennan, and an office/showroom for Kids II in Hong Kong, China.

Cooper Carry provides architecture, planning, landscape architecture, interior design, environmental graphic design and sustainability consulting services.

Founded in 1960, the firm specializes in the design of corporate, education, government, hospitality, mixed-use, office, residential, retail, science + technology, and transit projects.
   

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

Media Contact
Hadley Creekmuir
The Wilbert Group
O: 404.343.4080
C:  404.556.0010
.

Monday, February 17, 2014

Atlanta's CFLane Hires Jaime Rauscher to Head Up Carolina and Mid-Atlantic Regions


Jaime Rauscher
 ATLANTA, GA (Feb. 17, 2014) — CFLane, one of the fastest-growing apartment-management firms in the country, has hired Jaime Rauscher as regional vice president.

 She will be based in Charlotte, N.C., and will oversee the North Carolina, South Carolina, Maryland, Virginia and Washington D.C. markets for the firm.

 Rauscher has extensive experience in managing a wide array of multifamily assets, including student housing, conventional apartments, high-rise units, affordable housing, new construction and value-add properties.

Most recently, she was the director of due diligence and transitions at Cortland Partners, where she managed the due diligence and acquisitions processes for more than 10,000 units throughout the Southeast.

 Before her stint at Cortland, she served as the regional director of multifamily management for Drucker and Falk LLC, where she oversaw the management of 22 properties totaling 4,000 units in the Southeast.

She also was involved in the firm’s acquisition of more than 2,000 units. Additionally, Rauscher has held management positions with Bell Partners, Lane Company, Gables Residential and Ram Partners.

 “Jaime is truly the perfect fit for us,” said Byron Cocke, co-CEO of CFLane. “She brings a diverse range of experience and expertise, matching our diverse portfolio of multifamily communities. 

"We have targeted the Carolinas and Mid-Atlantic as areas of strategic growth for us in 2014, and Jaime’s background and skill sets will be major assets in helping us to realize that expansion.”

Byron Cocke
 Rauscher holds the Housing Credit Certified Professional (HCCP) designation, created by the National Association of Home Builders and endorsed by the Institute of Real Estate Management. 

She has served as president of the Athens Apartment Association in Athens, Ga. She majored in business management at the University of Georgia.

 CFLane was created in spring 2013 when CFI, a full-service multifamily investment firm based in Atlanta, acquired Lane Company, forming a management and services subsidiary. 

Before the merger, CFI had approximately 10,000 apartment units under management, while Lane Company accounted for another 18,000 units. 

Since the merger, CFLane has added approximately 12,000 units to end 2013 managing 40,000 apartment units in 18 states, from Maryland to Nevada.

 The last three months of the year proved particularly active, as CFLane took over the management of 50 properties. CFLane’s portfolio includes communities owned by both CFI and third parties.

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)

Anantara Vacation Club in Thailand Gallop-s Into the Year of the Horse



Anantara Vacation Club, Phuket, Thailand

Phuket, Thailand (Feb. 17, 2014)…Anantara Vacation Club, a unique luxury vacation ownership product, is galloping into the Year of the Horse after an incredibly successful 2013, marked by a growing portfolio of award-winning properties, an increase in membership and Club owner satisfaction, facilities development and renovations and an increased community charitable presence.

Harold Derrah
 As Anantara Vacation Club comes out of the gates in 2014, it has taken the reins as Asia’s leader in the growing shared ownership market, providing a wide array of unique experiences and flexibility for owners.

“We are delighted with the exceptional growth and development our team achieved in 2013,” said Harold Derrah, CEO of Anantara Vacation Club.    “Our entry into China and extended reach across Asia will fuel our continued growth.   By investing in our properties, service culture, and local communities, we have set the stage for a successful 2014.”

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

 Hwee Peng Yeo
Director of Asian Markets
Glodow Nead Communications
Level 21, Centennial Tower
3 Temasek Avenue
Singapore 039190


ZipRealty Finds California Is For Lovers! Golden State Homes Rank as the Most Romantic


San Francisco Bay Area
EMERYVILLE, CA -- ZipRealty just released a study on how frequently the word ‘romantic’ is used in a home listing description, based on data compiled in 2013 on 24 major metros on ZipRealty.com.

Less than 1% of all the homes were described as romantic, but California has the most romantic homes, according to the results. Four of the top five metro areas are located in the Golden State: Orange County, Los Angeles, San Diego and the San Francisco Bay Area.

Home listings with the word romantic were 86% more expensive and nearly one-third larger than those without the term.


Metro Area
Percent of Listings
Median List Price of Homes With/Romantic
Median List Price of Homes Without Romantic
Avg. Square Feet of Homes With Romantic
Avg. Square Feet of Homes Without Romantic






1) Orange County, CA
1.91%
$799,444
$545,000
2,690
1,945
2) Los Angeles
0.81%
$899,000
$349,500
2,942
1,973
3) San Diego
0.36%
$899,495
$439,000
3,552
1,939
4) SF Bay Area
0.30%
$818,000
$596,000
2,207
1,865
5) Tucson, AZ
0.27%
$299,950
$169,000
2,563
1,896






Source: ZipRealty, Inc.












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

Stacey Corso
Public Relations Manager
ZipRealty, Inc.
Office: 510.735.2667
Cell: 415.672.6460
Follow us on Twitter: @ZipRealty

 

Cousins Reports Results for Quarter and Year Ended Dec. 31, 2013


Larry Gellerstedt
ATLANTA, GA--Cousins Properties Incorporated (NYSE:CUZ):

Highlights

  • Funds From Operations for the fourth quarter were $0.18 per share, up from $0.14 in the prior year.
  • Same property net operating income for the fourth quarter was up 3.7% over the prior year.
  • Cousins Properties Incorporated (NYSE:CUZ) today reported its results of operations for the quarter and year ended December 31, 2013.

"Our fourth quarter performance demonstrates a successful finish to a transformative year at Cousins," said Larry Gellerstedt, President and Chief Executive Officer of Cousins.

 "Our team executed exceptionally well in 2013, producing strong financial results and further positioning the company in high-growth Sunbelt markets while maintaining a solid balance sheet."

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

Cousins Properties Incorporated
Gregg D. Adzema, 404-407-1116
Executive Vice President and
Chief Financial Officer

or
Marli Quesinberry, 404-407-1898
Director, Investor Relations and
Corporate Communications



Franklin Street Arranges Sale of Miami Gardens Apartment Community for $6 Million


Deme Mekras
MIAMI, FL (Feb. 17, 2014) — Franklin Street Real Estate Services announces the sale of a 112-unit apartment community in Miami Gardens, Fla. for $6,050,000 or $54,017.86 per unit.

Deme Mekras, Elliot Shainberg, and David Reinke, all of Franklin Street Real Estate Services, represented the seller, a local investor George Dancea. The buyer is a local investor, led by Joseph Lehman.

“The buyer was the most aggressive of the 11 bidders we had,” Mekras said. “He was the one that that saw the most upside in the property and was confident in his ability to capture it.

“ As a result he was willing to pay more than the rest and take the risk for the privilege of owning 100+ units of infill Miami-Dade apartments.”

The Franklin Street team was also instrumental in navigating a requirement of the trade, that the buyer must finance the deal with the existing lender, Mercantil Commercebank.


Elliott Shainberg
 The buyer plans on spending close to $1 million in renovations including new cabinets and flooring, adding an electronic entry gate and repaving the parking lot, all to improve the quality of the tenant base and to boost rents.

 “Through multiple renovations the buyer will be able to increase the value and net operating income of the property,” Mekras said. 

Mekras also noted the rents for the property were the lowest in the comparable area signaling potential buyers to see the true upside in renovations.

“Very few value-add opportunities over 100 units are left in South Florida,” Shainberg said. “So when these kinds of properties become available on the market, there is a lot of investor demand.” 

Built in 1972, 611 NW 177 Street is a concrete block apartment community consisting of five buildings, each with two stories situated on 4.08 acres of land. The property is located two blocks west of SR-441 and within walking distance to a Walmart Supercenter.

David Reinke
 Franklin Street is a family of real estate companies focused on delivering value-added solutions to meet the evolving needs of our clients. 

Through a collaborative philosophy of leveraging the resources, expertise, and experience of each of its divisions—Real Estate, Capital, Insurance and Management—Franklin Street offers unmatched value and optimal solutions for clients nationwide.

 For more information on Franklin Street, please see the company’s website at www.FranklinSt.com.


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

Todd Templin
Executive Vice President, Boardroom Communications
1776 N. Pine Island Road, Suite 320
Plantation, FL  33322
Office phone: 954-370-8999
Cell: 954-290-0810

NAI Realvest Negotiates Three Leases for Class B Office Space in Lake Mary, FL totaling more than 6,400 square feet


The Crystal Center, 3300 West Lake Mary Boulevard, Lake Mary, FL

Ginger Vetter
MAITLAND, Fla. – NAI Realvest recently negotiated three lease agreements on behalf of the landlords for Class B office space in Lake Mary totaling 6,460 square feet,

Two leases were in Primera at 725 and 735 Primera Blvd. and one at The Crystal Center, 3300 W. Lake Mary Blvd.

Senior Associate Mary Frances West, CCIM and associate Ginger Vetter represented

Landlord Interchange-Primera I, LLC of Daytona Beach leasing Suite 200 with 2,670 rentable square feet in Primera Court I.  The new tenant is Student Loan Rescue ORL, Inc.    The tenant was represented by Todd Haber of Cresa Orlando.

At Primera Court II where the landlord is RREF InterchangeFL-Primera II, LLC, West and Vetter negotiated another new lease agreement with Santa Ana, Calif.-based Carrington Mortgage Services, LLC for Suite 145 with 1,380 rentable square feet.

At the Crystal Center, West brokered a renewal lease of 2,410 rentable square feet at Suite 250 of the Crystal Center, representing the landlord, Okemos, Mich.-based Maya Associates LLC.   The tenant is Dr. Rebecca Pitts, DMD, PLC.

 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 to make Habitat for Humanity Work an annual event


NAI Realvest property managers Kay Gamble (left) Dee Figliolia
and broker Jack Lynch.

ORLANDO, FL– NAI Realvest, which ranks as one of the region’s leading commercial real estate operating companies, turned out in force to help Habitat for Humanity refurbish a home in Pine Hills recently and the company will make it an annual event.

Kevin O'Connor
NAI Realvest principal Kevin O’Connor said eight staff members reported for work. Their assignment: laying sod.

“That’s really labor-intensive,” O’Connor said. “All of us felt it for a day or two.”

But, O’Connor said, NAI Realvest staff felt some other things too. “All of us agreed we want to do this again,” O’Connor said. “There’s a real feeling of self-satisfaction.”

 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