Annaly Capital Management, Inc. Announces Resignation of Rose-Marie Lyght

Rose-Marie Lyght

NEW YORK, NY--(BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) announced today that it has accepted the resignation of Rose-Marie Lyght, Chief Portfolio Officer of the company, effective February 15, 2015.

Annaly Co-founder, Chairman and Chief Executive Officer, Wellington Denahan said: “Rose has been a valuable partner in Annaly’s growth and development over the years.

“She has played a prominent role in helping to successfully manage the growth of our infrastructure, assets and business lines. We will miss her knowledge, judgment, thoughtfulness and devotion.”

Ms. Lyght remarked: “I am proud to have played an integral part in the growth of Annaly over the past 15 years, but now it’s time for me to spend more time with my family.

Wellington Denahan

“Working at Annaly has been an incredible experience and I am thankful to all the wonderful people I have had the privilege to work with over the years.”

The Board of Directors also thanks Ms. Lyght for all she has done for Annaly and wishes her all the best.

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

Annaly Capital Management, Inc.

Investor Relations, 1-888-8Annaly

www.annaly.com

SVN Crossroads Management Awarded 420,000 SF of Property Management Contracts in Fourth Quarter

Kirsten Bowersox

Schaumburg, IL  – Schaumburg-based SVN Crossroads Management, LLC has been awarded the property management contracts for 14 separate properties comprising 420,000 square feet of space in the fourth quarter, bringing the firm’s portfolio to more than 3 million square feet.

“We had a very busy year in 2014, increasing our portfolio by 30 percent,” said Kirsten Bowersox, chief operating officer for SVN Crossroads.

“The hard work from the team at Crossroads eclipsed our annual goals and this last batch of contracts contains properties in new markets for the firm, including Chicago’s hot West Loop area.

“ This amount of activity led to six new hires at Crossroads in 2014. With this momentum, 2015 is shaping up to be an even better year.”

Michael Nortman

Properties in the fourth quarter contracts include: 909 W. Washington Blvd. in Chicago, a 9,200-square-foot retail property with national tenants such as Chase, UPS and Dunkin’ Donuts; 4200 W. Diversey Ave. in Chicago, a 150,000-square-foot industrial flex building; 1110 Green St. in McHenry, Ill., a 52,000-square-foot mixed-use property with ground floor retail and 27 apartments and 1220 Hobson Road in Naperville, Ill., a 42,400-square-foot medical office space.

The remaining properties contain a mix of office, retail and industrial space.

According to Michael Nortman, founder of SVN Crossroads and Crossroads Development Partners, Crossroads also formed several strategic partnerships in 2014, aligning with multiple institutional investors, and is actively pursuing other property management companies to roll into the Crossroads brand.

“Institutional investors like working with Crossroads because it offers full-service property management with an entrepreneurial vision,” said Nortman. 

“As we continue to expand in the market, we will be seeking management companies to purchase and bring under the Crossroads banner.”                     

 SVN Crossroads Management is an award-winning full service real estate management firm, providing property management, asset management, construction management and consulting services on a variety of commercial real estate assets throughout the Chicagoland area and in selected markets nationwide.

 Currently, the portfolio of assets under management is over 2 million square feet.

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

Mark Thomton, mthomton@taylorjohnson.com, 312-267-4523

Emily Johnson, ejohnson@taylorjohnson.com, 312-267-4522 http://www.svncrossroads.com/

RealtyTrac Ranks Best U.S. Markets for Buying Residential Rental Properties in First Quarter of 2015

Chris Pollinger

IRVINE, CA — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, released its Q1 2015 Residential Property Rental Report, which ranks the best markets for buying residential rental properties in the first quarter of 2015.

The report also looks at which markets are seeing the biggest increases in rental rates in 2015 compared to 2014, and provides rankings of the best safe haven residential rental markets, along with the best markets for renting to Millennials, best markets for renting to Generation Xers, and best markets for renting to Baby Boomers.

“With homeownership rates at their lowest level in 20 years, historically low levels of housing starts and relatively low home prices in many parts of the country, there is still plenty of opportunity in the U.S. housing market for single family rental investors employing a variety of investing strategies,” said Daren Blomquist, vice president at RealtyTrac.

“Buying single family homes as rental properties in Southern California is reserved for those that have a very specific investment strategy,” said Chris Pollinger, senior vice president of sales with First Team Real Estate, covering the Southern California market, where annual gross yields on rentals range from less than 5 percent in Orange County to nearly 9 percent in the inland San Bernardino County.

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

Jennifer Von Pohlmann

949.502.8300, ext. 139

jennifer.vonpohlmann@realtytrac.com

Robert K. Scott Adds His Insurance Litigation Expertise to Newmeyer & Dillion’s Ever Growing Insurance Practice in Newport Beach, CA

  

Robert K. Scott

NEWPORT BEACH, CA --  Newmeyer & Dillion, LLP, a premier business, real estate and insurance law firm in California and Nevada, is pleased to announce that Robert K. Scott has joined the firm as a partner in the Newport Beach office.

 Bob brings his diverse insurance practice to Newmeyer & Dillion, supplementing the firm’s full range of insurance representation.

Bob’s practice includes all aspects of first party bad faith insurance litigation, which supports the firm’s continued growth plan. 

In addition to his strong litigation practice, Bob is a frequent lecturer and speaks nationwide on a variety of insurance-related topics.  Bob has practiced law in California for over 35 years.

While maintaining the highest standards of professional ethics, he has obtained multi-million dollar judgments, successful appellate decisions and substantial out-of-court settlements on behalf of his clients.

Jeffrey M. Dennis

Bob has represented developers and other business, hospitals, athletes, doctors, entertainers, business executives and other individuals in an array of complex coverage issues.

“Bob’s experience and expertise are an excellent addition to the firm’s ever growing Insurance Law practice,” said Jeff Dennis, the firm’s managing partner

  

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

Robert K. Scott

949.845-7000

bob.scott@ndlf.com

Media Contact

Shannon Keany 949.271.7313 or shannon.keany@ndlf.com

www.ndlf.com

Newmeyer & Dillion | 895 Dove St. 5th Floor | Newport Beach, CA 92600

John E. Van Vlear Joins Newmeyer & Dillion’s Environmental Law Practice

John E. Van Vlear

 NEWPORT BEACH, CA -- Newmeyer & Dillion, LLP, a premier business, real estate and insurance law firm in California and Nevada, announces that Partner John E. Van Vlear has joined the firm’s Environmental practice. 

John is a litigator, clean-up strategist, and real estate counselor for all aspects of contaminated sites. 

John’s expertise is a great addition to the Land Use and Eminent Domain practices at Newmeyer & Dillion.

  John practices in both state and federal courts, and represents clients before a wide range of environmental agencies. 

His matters typically involve a complex array of soils, water, and/or air contamination. 

  His portfolio of projects includes airports, commercial land, industrial properties, landfills, mines, gas stations, residential properties, and Superfunds sites.

“I've worked with a broad spectrum of environmental lawyers over the years,” says JP Rosso, President at International Precious Metals Institute (IPMI)

JP Rosso

“From my experience, John is at the top of the list. His depth of understanding and total mastery of environmental law borders on prescient.

“He doesn't waste time, is quick to grasp the salient points of any situation. He is equally quick to develop alternatives to solve the problem. … When he takes on a case you never have a doubt; you are receiving 100% of his intellect, talent & efforts.”

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

John Van Vlear

949.845.7000

john.vanvlear@ndlf.com

Media Contact

Shannon Keany 949.271.7313 or shannon.keany@ndlf.com

www.ndlf.com

Newmeyer & Dillion | 895 Dove St. 5th Floor | Newport Beach, CA 92600

Stonehill Strategic Capital Primed to Provide $500 Million in Hotel Financing in 2015

  

Matt Crosswy

 ATLANTA, GA, Feb.  2, 2015—Stonehill Strategic Capital, LLC (“SSC”), an affiliate of Peachtree Hotel Group II, LLC (“Peachtree Hotel Group”), today announced that it is poised to transact $500 million in fixed rate permanent loans, floating rate bridge loans, mezzanine debt, preferred equity and discounted note purchases during 2015. 

SSC successfully closed $25 million in loans in December 2014 and an additional $65 million is under signed application scheduled to close in January or early February 2015. 

Additionally, SSC’s affiliate closed on its hotel credit opportunity fund, Stonehill Strategic Hotel Credit Opportunity Fund, which will provide the capital to meet SSC’s lending goals for 2015. 

“We exceeded our most optimistic forecasts during 2014, our first full year since inception, and set the stage for a very fruitful second year and beyond," said Mat Crosswy, president of SSC.

 “Adding a permanent loan product is an important milestone in our company's growth that directly complements the existing debt solutions we can provide our clients.  

“This allows SSC to take a client through the entire life of an asset.  By all measures, 2015 looks incredibly bright for both our company and the industry at large.”

Stonehill completed 19 transactions in 2014 totaling more than $150 million.  Stonehill deployed capital in a variety of transactions, including bridge loans, permanent loans, mezzanine loans and preferred equity investments.

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

   Chris Daly, media

   (703) 435-6293

   chris@dalygray.com

Least Expensive Waterfront Home on the Venetian Islands in Miami Beach, FL on the Market for $3.2 Million

   

Venetian Islands Home at 235 East San Marino Drive, Miami Beach, FL

 MIAMI BEACH, FL -- Tear down and build your fantasy home on a 10,500-SF lot with 60-foot waterfront at 235 East san Marino Drive, Miami Beach, FL. Price: $3.2 million.

 Located moments to open bay, Downtown Miami, Lincoln Road, South Beach, Performing Arts Center and great restaurants. Large Pool and Dock.

  

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

Nelson Gonzalez P.A.,

Senior Vice President

305-674-4040

Nelson@NelsonGonzalez.com

www.NelsonGonzalez.com

EWM Realty International |419 Arthur Godfrey Road Miami Beach, Fl|33140

Exclusive Normandy Isles Home in Miami Beach, FL Price Dropped to $4.695 Million from $4.95 Million

  

Normandy Isles Home, 551 North Shore Drive, Miami Beach, FL

Nelson Gonzalez

MIAMI BEACH, FL --Impressive Mediterranean Waterfront home at 551 North Shore Drive, Normandy Isles, Miami Beach, built in 2008 with an open floor plan, high ceilings, and  stunning finishes.

The property sits on 10,200 SF lot with 60' feet of waterfront.

Wide water views can be seen from most rooms. Large master suite with walk-in closets, sitting room and terrace. Other features include marble floors, fireplace, impact windows, formal dining, rotunda staircase, large dock with lift, pool and spa and cabana with barbeque area. Also includes a  two-car garage and rooftop terrace. 

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

Nelson Gonzalez P.A.,

Senior Vice President

305-674-4040

Nelson@NelsonGonzalez.com

www.NelsonGonzalez.com

EWM Realty International |419 Arthur Godfrey Road Miami Beach, Fl|33140

JLL Completes Lease in Scottsdale, AZ for Soilworks World HQ

  

Riverwalk Arizona Corporate Campus, 7580 North Dobson Road, Scottsdale, AZ

John Pierson

 PHOENIX, AZ– On behalf of Arizona-based Soilworks, the Phoenix office of JLL has completed a Class A office lease in Scottsdale, Ariz. that establishes a new world headquarters for the company – a leader in dust control and soil stabilization technology.

Soilworks moved into its new headquarters space this month. The location, at 7580 N. Dobson Road in Scottsdale, sits just east of the Loop 101 freeway within Riverwalk Arizona, a $400 million, Class A corporate campus slated for up to 1.5 million square feet of high-end office and retail space.

JLL Managing Director John Pierson and Associate Trevor Pratt represented Soilworks in the transaction. The landlord, The Alter Group, was represented internally by Justin Miller.

"This is a natural progression for our company and one that we’re excited to make," said Chad Falkenberg, founder of Soilworks. “It caps off one of the best years our company has ever had.”

“This lease provides Soilworks with an efficient, comfortable and central headquarters location with top notch accessibility for clients and employees,” said Pierson.

Trevor Pratt

“It is the perfect example of a growing Phoenix business that is using one of our Valley’s vibrant, Class A corporate environments to build connections and opportunity.”

In addition to its new Scottsdale headquarters, Soilworks also operates a production facility in Chandler, Ariz. 

The Chandler property remains home to the company’s large-scale heavy industrial production plant, equipment yard, warehouse and 26-car rail spur.

Get to know Soilworks better at www.soilworks.com or call 1-800-545-5420.

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

NAIOP SoCal Announces 2015 Executive Committee and Board of Directors

Tom Wulf

Costa Mesa, CA – NAIOP SoCal, the leading organization for developers, owners and investors of office, industrial, retail and mixed-use real estate, announced its 2015 Executive Committee and Board of Directors.

The 40-person board includes representatives from a diverse array of the commercial real estate industry’s most successful companies.

The 2015 NAIOP SoCal Executive Committee is comprised of President Tom Wulf, Lowe Enterprises Real Estate Group; President-Elect and Sponsorship Chair Kevin Jennings, Bank of America Merrill Lynch; Vice President and Sponsorship Vice Chair Lance Ryan, Watson Land Company; Treasurer James V. Camp, Starwood CPG Operations; Secretary and Membership Advisor Jeff Moore, CBRE; Programs & Education Liaison Pamela L. Westhoff, Sheppard Mullin Richter & Hampton; and Past President Jim Proehl, PM Realty Group.

“The real estate industry in Southern California is one of the most competitive markets in the nation,” said Wulf. “NAIOP SoCal members understand that they must stay on the cutting edge of this constantly changing industry in areas such as capital markets, legislation, development trends, tenant demands and technology.

“This organization strives to support its members who range from entry-level to high-level C suite executives, and I am proud and honored to take the helm this year.”

Angela Azizian

Serving alongside the Executive Committee is NAIOP SoCal’s 2015 Board of Directors including: Rob Antrobius, Prologis; Angela Azizian, GE Capital Real Estate; Kevin Burkhalter, Walker & Dunlop; John Casasante, Deutsche Asset & Wealth Management; Ronda Clark, JLL; Drew Emmel, Allen Matkins; Darren Foster, Auction.com; Kevin Hayes, Lincoln Property Company; Aaron Hill, Bixby Land Company; Eric Hinkelman, Voit Real Estate Services; Mike Hodges, Irvine Company Office Properties; John Hollingsworth, Colliers International; Fran Inman, Majestic Realty Co.; Kevin Ivey, KPRS Construction Services, Inc.; Ryan Jones, Goodman Birtcher; Lillian Kuo, Shea Properties; Ray Lawler, Hines; Kevin MacKenzie, HFF, L.P.; Patrick Maloney, Circle Industrial; Gregory May, Newmark Grubb Knight Frank; Justin McCusker, C.J. Segerstrom & Sons; James McFadden, Cushman & Wakefield; Scott McPherson, U.S. Bank; Steve Muller, The Muller Company; Susan Orloff, Ryan; Russ Parker, Parker Properties; John Premac, Chicago Title Company; Scott San Filippo, Greenlaw Partners; Alison Vukovich, LBA Realty; Stephane M. Wandel, The Boeing Company; Clark Welton, Ernst & Young; and David Wensley, Cox, Castle & Nicholson LLP.

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

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

Essex Realty Group, Inc. Promotes Jordan Gottlieb to Managing Director

Jordan Gottlieb

CHICAGO, IL -- Essex Realty Group, Inc. is pleased to announce the promotion of Jordan Gottlieb from Director to Managing Director.

Jordan has been with Essex since 2008 and in that time has brokered the sale of over $200,000,000 of investment property throughout the Chicagoland area. 

According to Doug Imber, President of Essex, “Jordan has not only been effective in completing transactions, but more importantly, he has done so with the integrity and commitment to his clients that represent the values we promote at Essex.”

Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.

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

Douglas Fisher

Essex Realty Group, Inc.

773.305.4910

dougfisher@essexrealtygroup.com

www.essexrealtygroup.com

Essex Realty Group Brokers the Sale of a 15-Unit Multi-Family Building in Chicago, IL

8057 Carpenter Street Apartments, Chicago, IL

Brian Kochendorfer

 CHICAGO, ILLINOIS – Friday January 30, 2015 - Essex Realty Group, Inc. is pleased to announce the sale of 8057 S. Carpenter St.

The property was built in 1928 and consists of one bedroom and one bathroom units. The property was recently rehabbed in 2013-2014. Upgrades to the building include: new boiler, new hot water tank, newer windows, doors and new porches.

The sale price was approximately $335,000.

Brian Kochendorfer was the broker on the transaction.

Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.

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

Douglas Fisher

Essex Realty Group, Inc.

773.305.4910

dougfisher@essexrealtygroup.com

www.essexrealtygroup.com

$14.94 million sale of Multifamily Portfolio in South Beach, FL Facilitated by Marcus & Millichap

Lincoln Palms Apartments Portfolio, 1600 Meridian Avenue, South Beach, Miami Beach, FL

Arthur Porosoff

MIAMI, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Lincoln Palms, a portfolio of five multifamily parcels totaling 66 units located off Lincoln Road in Miami Beach, Fla.

 The portfolio sold for $14,940,000, which equates to $226,364 per unit.

            Arthur Porosoff, vice president investments in Marcus & Millichap’s Miami office, represented the seller, a private investor from New York.

Joseph P. Thomas, vice president investments, and Frank Fausone, associate, both in the firm’s Fort Lauderdale office, secured the buyer, a private investor from Miami.

“The Lincoln Palms Portfolio was an opportunity to purchase a property with ‘in- place’ cash flow and continue to operate it as an apartment building in Miami-Dade County’s highest appreciating submarket,” says Porosoff.

Joseph P. Thomas

“The portfolio’s excellent location, below-market rents and capital improvement possibilities provide many revenue enhancement opportunities,” adds Thomas.

Located at 1600 Meridian Avenue in Miami Beach, Fla., the properties are situated on an over one-acre lot in South Beach just steps from Lincoln Road.

 Lincoln Palms consists of five two-story garden-style buildings totaling 66 units.

The community comprises 35 studios, 28 one-bedroom apartments, two two-bedroom apartments and one four-bedroom townhouse. 

Apartments feature ceramic tile and solid oak wood flooring, wall air-conditioning units and walk-in closets.

Some units feature private patios or balconies. All five buildings have a connected courtyard that offers multiple sitting areas and bicycle racks for residents.

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

Gina Relva

Public Relations Manager                                              

(925) 953-1716

Manhattan, NY Apartment Building Sale Brings $12.6 Million

425--431 West 205th Street, Inwood Neighborhood, Manhattan, NY

Peter Von Der Ahe

NEW YORK, NY – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 425-431 West 205th St., a six-story, 72-unit elevator building in Manhattan’s Inwood neighborhood.

The $12,600,000 sales price equates to $175,000 per unit.

            Peter Von Der Ahe, Scott Edelstein, Seth Glasser and Rafi Moskowitz, in Marcus & Millichap’s Manhattan office, represented the seller, a private individual from Florida, and the buyer, a family partnership based in Westchester.

            “The property is a low-maintenance, fully rent-stabilized building that was on the market for the first time in 30 years,” says Von Der Ahe.

“What makes this property unique is that half of the units have one-and-a-half or two bathrooms, which is a rarity in this neighborhood,” notes Glasser.

Scott Edelstein

The property is easily accessible from the No. 1 and A subway lines and recently received a new roof, elevator cab and mechanicals. A cellular antenna on the roof produces additional income. 

The unit mix is 37 one-bedroom units and 35 two-bedroom apartments.

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

Gina Relva

Public Relations Manager                                              

(925) 953-1716

Tampa, FL Multifamily Portfolio Brokered by Marcus & Millichap Sells for $8.15 Million

Country Square Villas, Tampa, FL

TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a two-property, 209-unit, 118,900-square-foot multifamily portfolio in Tampa, Fla.

The properties, Country Square Villas and Candlewood I Apartments, sold for $8.15 million, which equates to $38,995 per unit.

            Country Square Villas is a 146-unit multifamily community built in 1981 and Candlewood I Apartments is a 63-unit apartment complex constructed in 1983. The multifamily commercial real estate assets are two miles apart.

Candlewood Apartments, Tampa, FL

            Frank Carriera and Michael Regan, vice presidents investments in Marcus & Millichap’s Tampa office, represented the seller and the buyer.

“Both properties have received significant capital improvements,” says Carriera. “The buyer was attracted to the strong returns Cardinal Properties tend to produce,” adds Regan.

            Located at 8401 Aiken Court on 4.46 acres, Country Square Villas consists of 21 one-story residential buildings featuring 22 studio apartments, 103 one-bedroom/one-bath units, 15 two-bedroom/one-bath apartments and six two-bedroom/two-bath units.

Frank Carriera

Amenities include washer/dryer connections in all one- and two-bedroom units, two on-site laundry facilities, private fenced-in patios and an on-site leasing office. All apartments have individual heating and air conditioning.

            Candlewood I Apartments is located at 5958 Oak River Drive and features eight one-story residential buildings with 11 studio apartments, 45 one-bedroom/one-bath units and seven two-bedroom/one-bath apartments.

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

Gina Relva

Public Relations Manager                                              

(925) 953-1716