NAI Realvest Negotiates 4.65 Acre Land Sale for development of 60,000-SF headquarters building in Oviedo, FL

Orlando, FL -- NAI Realvest recently negotiated the sale of a 4.65 acre parcel of land on S. Econ Circle in Oviedo for $789,790.56 that will be home to a new headquarters building for Nutrex, Inc., a nutritional food and supplements maker.

 Paul P. Partyka (top right photo), managing partner at NAI Realvest, who represented the seller, M&O LP of Oviedo, said the property was purchased by TSO Enterprises LLC of Chuluota, Fla.   Nutrex will start construction of its new 60,000 square foot headquarters building on the site this summer. 

For more information, contact

Paul P. Partyka, Managing Partner, NAI Realvest, 407-875-9989 ppartyka@realvest.com;

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

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

Cuhaci & Peterson Architects Starts Design Work for Remodeling of a Kangaroo Express in South Carolina

 ORLANDO, FL – Cuhaci & Peterson Architects, LLC based in Orlando’s Baldwin Park, recently completed design work for the remodeling of a Kangaroo Express convenience store located at 101 S. Main St. in Clover, S.C.

 Jed Downs (top right photo), president of Cuhaci & Peterson Architects, said the store has a floor area of approximately 2,300 square feet.  

 The Pantry awarded the design contract.

 For more information, contact:

Jed Downs, President Cuhaci & Peterson Architects, 407-661-9100

Lonnie Peterson, Chairman Cuhaci & Peterson Architects, 407-661-9100

Larry Vershel or Beth Payan, LV Communications, Inc. 407-644-4142

First Green Bank Chairman Honored by Lake County

EUSTIS, Fla.  – Kenneth E. LaRoe, chairman and chief executive officer of Lake County based First Green Bank, which has locations in Clermont and Eustis and plans to open a 12,000 square foot headquarters facility in Mount Dora in mid-summer, was recently honored by the Lake County Board of County Commissioners for his community service.

LaRoe, who has served on the Lake County Public Land Acquisition Advisory Council since 2006, was presented with the award in recognition of his “many dedicated hours of service volunteered to Lake County and its citizens.”

First Green Bank is one of the first banks of its kind to focus on positive environmental and social responsibility while operating as a traditional commercial bank.

The new First Green Bank facility on U.S. 441 was designed and built to achieve LEED platinum certification from the U.S. Green Building Council.

“I am very honored by the recognition from the Board of County Commissioners,” LaRoe said. “Part of our mission is to do the right thing for our community and to demonstrate the highest standards of corporate citizenship,” LaRoe said.

“That’s a positive value we encourage in every one of our colleagues, partners and co-workers at First Green Bank and it is carried through in our customer service, our wide range of personal and business banking services, and even our facilities.  Our mission also entails doing the right thing for the environment, our people, and our shareholders,” he said.

For more information about this press release, contact   

Kenneth E. LaRoe, Chairman and CEO, LEED® AP, First GREEN Bank, 352-483-9100, ken@firstgreenbank.com

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 or 407-461-3780, lvershelco@aol.com

  

Black Tie Real Estate & Investments adds Veteran Real Estate Specialist to its Growing Sales Staff

 

LADY LAKE, FL (June 24, 2011) – Black Tie Real Estate & Investments, a member of the University of Central Florida’s Business Incubation Program in Leesburg, recently hired Realtor Jane Paquin (top right photo) as a real estate consultant for The Villages.

 Paquin, who has lived in the tri-county area since 1967, has been involved in real estate for 30 years (+/-).  She has 18 years of experience with The Villages, 12 of which were working for the developer. 

 For the past six years, Paquin has been involved in general real estate, focusing on resales, according to Mark Dyer, president of Black Tie Real Estate.

 “With her years of experience and vast knowledge of the area, Jane is a welcomed asset to our staff,” he said.  

Paquin currently serves on the Committee for Education for the Tri-County Area Board of Realtors, and formerly served on the board’s Committee for Compliance/Complaints. 

 For more information about Black Tie Real Estate visit www.blacktierealestate.com   or call 352-751-7888

.For more information about  this release, please contact:

Mark Dyer, Broker/Owner Black Tie Real Estate & Investments, 352-751-7888 or mark.dyer@blacktie10.com

James Spencer, Site Manager, UCF Business Incubator-Leesburg, 352-315-1846, james.spencer@ucf.edu

Charlene Hager-Van Dyke, Larry Vershel Communications, 386-532-8862 or 407-644-4142; chagervandyke@yahoo.com

Stirling Sotheby’s International Realty Launches Global Marketing Effort for Two Luxury Homes at Solivita near Walt Disney World

ORLANDO, FL --- Stirling Sotheby’s International Realty launched a global marketing effort for two luxury residences at Solivita, the exclusive gated luxury community for active adults minutes from Walt Disney World in.

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said both luxury homes are priced to sell.

Stirling Sotheby’s International Realty International Luxury Home Specialist Erin Wanner (top right photo) has listed a home — the Julliard model — at 123 Windsong St. in Solivita priced at $231,900. The three-bedroom, three-bath luxury home offers a new tile roof and an extended screened lanai.

Stirling Sotheby’s trusted real estate advisor Lynn Edwards (lower left photo) has listed a Tuscan-styled luxury home at 211 San Vincente Lane in Solivita, priced at $465,000.

For more information about the home on Windsong Street, visit http://www.stirlingsir.com/eflyers/agents/ewanner/ew2.html

For more information about the home on San Vincente Lane, visit

http://www.stirlingsir.com/eflyers/agents/ledwards/le.html

For more information, contact

Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890; rsoderstrom@stirlingSIR.com

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

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Colliers International Negotiates Sale of 38,014-SF Industrial Building in Camarillo, CA

CAMARILLO, CA, June 23, 2011 – Colliers International, the second largest global real estate services organization, recently directed the sale of a 38,014-square-foot industrial building located at 251 Camarillo Ranch Rd. (top left photo), Camarillo, Calif. to Zindagi Games, Inc. The sale was valued at approximately $3.8 million.

 Built in 2003, the unique facility boasts several state of the art features.  Originally built for and occupied by Pacific Sales Kitchen and Bath Center, the facility will now be used as office space for a sports video game developer.

The seller was represented by John DeGrinis (middle right photo), SIOR, senior executive vice president based in Colliers International’s Encino office, Patrick DuRoss (middle left photo), associate vice president, and Jeff Abraham (bottom right photo), senior associate, along with Clint McMorris, senior vice president based in Colliers International’s Torrance office.

  Roger Beck and Gelena Skya of Grubb and Ellis represented the buyer, Zindagi Games.

 “This building is very unique within the market,” DuRoss explained.  “It has industrial bones with excellent loading, a 24-foot minimum clear height and 1000 Amps of power. 

  

“But the extensive window line, dropped ceiling, air conditioning throughout and high parking ratio lent itself to office or retail uses as well.  We believed an office user, like Zindagi Games, would find value in the building given its adaptability to a variety of uses.”

 TEAM DeGRINIS is a specialized group within Colliers International that provides consulting on industrial and R&D real estate requirements in the Ventura County and San Fernando Valley.

With a combined 40 years of experience in the commercial real estate industry, TEAM DeGRINIS is a leader in sharing strategic local market insight and has completed more than $425 million in transactions over the past five years.

 For more information, visit www.colliers.com/markets/greater_los_angeles/degrinis

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Follow us at www.twitter.com/colliersgla

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Contact: Angela S. Hwang

Regional Marketing Coordinator | Greater Los Angeles

Dir +1 213 532 3258 | Mob +1 310 867 4105

Main +1 213 627 1214 | Fax +1 213 327 3258

angela.hwang@colliers.com

Colliers International

865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA

www.colliers.com

HFF closes sale of Bressi Ranch Village Center in Carlsbad, CA

 IRVINE, CA – HFF announced today that it has closed the sale of Bressi Ranch Village Center (top left photo), a 111,403-square-foot, trophy grocery-anchored retail center in Carlsbad, California.

HFF marketed the property on behalf of the seller, LNR Property LLC’s Commercial Property Group (“LNR”).  Cornerstone Real Estate Advisers LLC, one of the world’s largest real estate investment advisers, purchased Bressi Ranch on behalf of one of its institutional clients.

Located in the coastal Southern California city of Carlsbad, Bressi Ranch Village Center is part of the prestigious 525-acre master planned Bressi Ranch development. 

 Constructed in 2009 after nearly seven years of planning, the center is 96 percent leased and is anchored by Stater Bros., Trader Joes, Unleashed by PETCO, Souplantation Express, Chase Bank and Rubios.

The HFF team representing LNR was led by senior managing directors Ryan Gallagher  (middle right photo)and Tim Wright (bottom left photo) and associate director Ryan Hertel. 

 Stewart Keith and Bill Thaxton of Flocke and Avoyer were the local market leasing representatives for the team.

 More information is at www.cornerstoneadvisers.com

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 Contacts:

Ryan Gallagher, Ca. Lic. # 01269918,  HFF Senior Managing Director,

 (949) 253-8800, rgallagher@hfflp.com

 Timothy Wright, Ca. Lic. #00947194, HFF Senior Managing Director,

(858) 552-7690, twright@hfflp.com

Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500,

krmurphy@hfflp.com

127 South Beach Condos Face $50 Million Bankruptcy Auction

 MIAMI, FL--After an 11-month bankruptcy process, the ultimate ownership control of 127 unsold South Beach condo units with more than 127,000 square feet of livable space could be determined by the end of the month, according to a new report from CondoVultures.com. 

On June 29, the U.S. Bankruptcy Court in Miami is scheduled to auction off 124 residential units and three commercial units in the new Artecity project (top left photo) - the official declaration of condominium documents for the constructed complex have not yet been registered in Miami-Dade County - in the South Beach neighborhood of Miami Beach, according to court records.

The upcoming auction does not immediately include an additional 35 residential units with more than 38,000 square feet of salable space that are under contract for nearly $16 million – a price of nearly $420 per square foot - to individual buyers, according to court documents.

The nearly three dozen condo purchase contracts - with combined deposits of more than $2.9 million - were written up before April 25, 2011, according to court records. It is unclear how many of the purchase contracts resulted from a condo launch party hosted at the project in March 2011.

“Bulk buyers have been searching for a sizable chunk of unsold developer units in South Beach since even before the real estate crash began in 2007,” said Peter Zalewski (lower right photo), a principal with the Bal Harbour, Fla.-based real estate consultancy Condo Vultures® LLC

. “At the right price, Artecity has the potential to turn into a memorable venture for the ultimate owner of the 127 units being auctioned.

Besides efficient floor plans, Artecity enjoys a location that is within Miami Beach’s cultural district and walking distance of the sand, the Lincoln Road pedestrian mall, and some of South Beach’s most popular destinations.”

 Peter Zalewski of Condo Vultures® can be reached at 800-750-0517 or by email at peter@condovultures.com

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Faris Lee Investments Completes $16,5 Million Sale of Westchester Place Retail Property in Los Angeles

 IRVINE, CA, June 23, 2011 – Faris Lee Investments, the nation’s largest retail investment  advisory firm, has completed the $16.5 million sale of Westchester Place (top left photo), a two-story 50,861-square-foot retail center located at 8820-8844 South Sepulveda Blvd. in Los Angeles.

  Built in 2007 and situated on 1.71 acres, tenants include: Bed Bath & Beyond, Starbucks Coffee, Wells Fargo and Movement Performance Institute.

Richard Walter (lower right photo), president, Donald MacLellan, senior managing director and Christopher Tramontano, director of Faris Lee Investments represented the seller, Los Angeles-based HFH Westchester LLC. The buyer – who paid all-cash – was United Kingdom-based 481 Albertoni LLC, which was represented by Eileen Garrison of Keller Williams Realty.

“Our marketing strategy was to seek out an all-cash buyer to alleviate any issues that may arise based on the former Wachovia Bank space which was vacated at the time of the takeover by Wells Fargo who remains liable for the remainder of the rent obligations.

“We also tapped into the overseas investor pool due to the dense infill west Los Angeles location which is sought out by international investors because of its stability and long-term appreciation as compared with secondary or tertiary markets,” said MacLellan.

“The property garnered multiple offers and provided the buyer a rare opportunity to acquire irreplaceable real estate on the westside of Los Angeles.”

For more information, please visit www.farislee.com

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Contact: Darcie Giacchetto, 949.278.6224,

Spaulding Thompson & Associates

For Faris Lee Investments

                               

Charles Dunn Co. Completes $2.475 Million Sale of Office Property in Beverly Hills, CA

  

LOS ANGELES, CA, June 23, 2011 – Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $2,475,000 sale of a 5,550 square foot office building located at 417 S. Beverly Dr. (top left photo) in Beverly Hills, Calif.

Michel Hibbert of Charles Dunn Company represented the Los Angeles-based seller, One A, LLC in the transaction. The buyer was GDSB&M, LLC from Los Angeles who was represented by Willa McNamara-Fields of Beitler Commercial Realty Services.

According the Hibbert, the owner/user will occupy a large portion of its new office building along with an existing tenant, Sylvan Learning Center who is leasing about half of the building. The buyer, a literary talent agency will be adding to its current space which is adjacent to the new property.

The property is well located near Olympic Blvd. and is just south of the Beverly Hills Golden Triangle area.

“The property garnered a high price per square foot of $445.00,” said Hibbert. “South Beverly Drive is an excellent street and location in Beverly Hills.”

 Contact: Darcie Giacchetto, D.G. Communications, Inc., 949.278.6224

 www.charlesdunn.com

Cuhaci & Peterson Architects Awarded Contracts to Remodel Three Winn-Dixie Supermarkets

ORLANDO, FL --- Cuhaci & Peterson Architects LLC, based in Orlando’s Baldwin Park, was recently awarded contracts to remodel three Winn-Dixie Supermarkets.

Lonnie Peterson (top right photo), chairman at Cuhaci & Peterson Architects, said one Winn-Dixie is off Roosevelt Blvd. in Key West and is 35,000 square feet.

Another Winn-Dixie remodeling project is off Pine Blvd. in Pembrooke Pines in West Broward County and is 45,000 square feet.

The Apopka Winn-Dixie is a remodeling project to update the store to the new design and when completed will offer 45,000 square feet. That Winn-Dixie is located off Orange Blossom Trail.

For more information, contact:  

Lonnie Peterson, Chairman Cuhaci & Peterson Architects, LLC, 407-661-9100;  

Jed Downs, President Cuhaci & Peterson Architects, LLC, 407-661-9100;  

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

  

NAI Realvest Negotiates New Office Lease for Solar Energy Provider at Lake Mary Professional Campus off I-4

ORLANDO, FL – NAI Realvest recently negotiated a new lease of 2,320 square feet of office space at Lake Mary Professional Campus, the 10-building office condo development located at the intersection of I-4 and Lake Mary Blvd.

 Jack W. Lynch (top right photo), senior associate at NAI Realvest brokered the transaction representing the landlord, PTH Realty of Lake Mary and the tenant, ESA Renewables, LLC, a solar energy provider.

 

For more information, please contact

Jack Lynch, Senior Associate, NAI Realvest 407-875-9989 or jlynch@realvest.com

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

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

Dave “Mr. Trend” Berkus to Present Seminar on Angel Investing Sept. 15 at Grand Bohemian Hotel in Downtown Orlando

ORLANDO, FL --- Noted former Inc. 500 CEO Dave “Mr. Trend” Berkus (top right photo) will present at a seminar on Angel Investing strategies Sept. 15 at the Grand Bohemian Hotel (lower left photo) in downtown Orlando.

The seminar, sponsored by Maximize Angel Investments Orlando, Inc. is open to all accredited investors interested in learning about the benefits of Angel Investing, both personally and for the community.

William C. De Temple, of Maximize Angel Investments Orlando, Inc., said Berkus, who posts the popular Berkonomics blog at www.berkonomics.com,

 is one of America’s most sought-after speakers on corporate economic issues.

“Dave Berkus is a two-time Inc. 500 CEO with more than 50 years of experience as an entrepreneur, manager, CEO and board member for some of the best known corporations in the U.S.,” De Temple said.

 Berkus is one of the nation’s leading experts on angel investing, he added.

“Berkus has invested in more than 70 successful companies with an IRR of more than 97 percent,” De Temple said. The internal rate of return (IRR) is used in capital budgeting to measure and compare the profitability of investments.

Registration for the seminar costs $249 and includes valet parking and dinner at the Grand Bohemian.

For more information or to register for the seminar, visit www.maxangelinvestments.com

For more information about this news release, contact

William C. De Temple, Maximize Angel Investments Orlando, Inc. 386 843-1919 wdetemple@maxangelinvestments.com

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

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NAI Realvest Negotiates $1 Million Purchase of Former Hops Restaurant near Seminole Town Center in Sanford, FL

SANFORD, FL  -- NAI Realvest recently negotiated a $1,000,000 purchase of the former Hops Restaurant on S.R. 46 near the Seminole Town Center mall in Sanford.    

 Matt Cichocki (top right photo) and Kevin O’Connor (lower left photo), principals at NAI Realvest based in Maitland, negotiated the transaction representing the buyer Fort Worth, Texas based Halmony, LLC who plans to convert the 5,422 square foot building on its 1.26 acre site for use as an IHOP restaurant.

O’Connor said the seller of the 14-year-old facility, ACI Income Fund II, LTD of Orlando, was represented in the transaction by Annette Gangale of Rife-Miller, Inc. 

Renovations are expected to be completed for an opening of the new IHOP in September. The number of seats to accommodate patrons has not yet been determined.

For more information, contact:

Matt Cichocki, Principal NAI Realvest, 407-875-9989, mcichocki@realvest.com

Kevin O’Connor, Principal NAI Realvest, 407-875-9989, koconnor@realvest.com

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

Beth Payan or Larry Vershel, Larry Vershel Communications 407-644-4142 

Marcus & Millichap Hired to Sell $11.5 Million Flatiron Loft Building in Manhattan

NEW YORK, N.Y. – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has secured the exclusive listing for 37 West 19th St (top left photo)., a seven-story, elevator loft building with five floor-through residential units, one office space and one ground-floor retail space, which is occupied by the Flatiron Lounge.

Located in the Flatiron district of Manhattan, the 15,000 square-foot property also includes an owner’s penthouse and a rooftop garden. The listing price is $11.5 million.

Adelaide Polsinelli (middle right photo), an associate vice president investments in the Manhattan office of Marcus & Millichap, and Brian C. Hosey, an investment specialist also in Manhattan, were hired to exclusively market the property on behalf of the seller, a private investor. 

“The penthouse will be delivered vacant, making this an excellent live/work investment opportunity,” says Polsinelli.

 “This is an exciting opportunity for an investor to secure a high-quality, cash-flowing asset with upside directly off of Ladies Mile in one of New York City’s most exuberant neighborhoods,” she adds.

“Additionally, a family looking for a ‘live-plus-income opportunity’ or a developer seeking a condo conversion will find this asset to be very attractive,” says Hosey.

37 West 19th St. also includes approximately 7,775 square feet of additional air rights.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716