The Ballen Group of Keller Williams Just Closed an Indy Mac / One West Las Vegas Short Sale in Nevada

Las Vegas, NV, July 29, 2011 --(PR.com)-- The Ballen Group, A local Short Sale team at Keller Williams Realty Las Vegas, have just closed another Short Sale in Nevada saving this homeowner from Nevada Foreclosure.

(Richard Ballen and wife Lori Ballen top right photo)

The Ballen Group uses a comprehensive Short Sale System that enables them to handle a large volume of short sales and accomplish the goal at hand, to close the short sale.

The property, located on Creekside in Las Vegas Nevada was listed with The Ballen Group of Keller Williams Realty Las Vegas. The Creekside home  took a total of only 137 days from the original listing date to the recording it closed date.

The full price offer of $112,500 (about ½ its original purchase price) was received after only having the property on the market for eight days and there was no right to pursue deficiency language in the approval letter. Although the banks are working on their timelines and speeding up the short sale process,

(Las Vegas skyline middle left photo)

"We are finally seeing the day that banks understand it is more beneficial to everyone involved to actually encourage the short sale," says Richard Ballen, Listing Specialist with The Ballen Group.

 "A short sale is a complicated process for all parties involved. There are so many details involved (more than what the average homeowner is aware of). We need sellers to cooperate as much as possible and remain patient and support. Short Sales can close if everyone works together like they did in this transaction,” Richard closes.

“It takes more than an agent to properly work short sales. It takes a Team,” says Lori Ballen, Leader of The Ballen Group. “We have surrounded ourselves with talent from our administrative staff and Listing Managers to our processors and escrow. We want a lot of eyes on the transaction so it keeps moving down the timeline. Our short sale team is skilled, experienced, determined, and driven. We have learned what it takes to move these short sales through the pipe line and tape, and we are getting them done.”

For help with your Las Vegas Real Estate, Equity or Negative Equity - Contact The Ballen Group - They will work Magic with your Las Vegas Short Sale, Henderson Short Sale, or North Las Vegas Short Sale. 702-482-7739

Contact Information

The Ballen Group Short Sale Nevada

Lori Ballen

702-604-7739

sold@theballengroup.com

http://www.theballengroup.com/

Keller Williams Realty Las Vegas

3100 S. Durango #106

Las Vegas, NV 89117

Dave Overholser Joins Keller Williams Rice Realty Market Center in Martinsburg, West Virginia

Martinsburg, WVA, July 29, 2011 --(PR.com)-- Dave Overholser (top right photo), a real estate sales professional in Martinsburg, has joined the Keller Williams Rice Realty Market Center.

Dave Overholser, www.DaveOverholser.com, has an extensive background in distressed and lease option properties and has been in the real estate industry for 3 years.

“We are truly lucky to have Dave Overholser join us here at Keller Williams Rice Realty,” says Team Leader Nancy McBride. “Keller Williams Realty offers its associates unparalleled career growth and lifelong learning opportunities in the real estate industry. We know that Dave will be a great fit and that it is our customers who will truly benefit from Dave joining us.”

The Keller Williams Market Center, is located at 815 W. King St. Martinsburg, WV. To learn more about Keller Williams Realty, call Broker Nancy McBride at 304-264-1400 or visit www.kw.com.

Contact:

Keller Williams Rice Realty

Dave Overholser

304-264-1400

daveoverholser@kw.com

www.DaveOverholser.com

Nancy McBride - Broker

Stirling Sotheby’s International Realty Agent Sally Andy is Leading Luxury Home Specialist in Lake Forest

ORLANDO, FL. --- Stirling Sotheby’s International Realty Associate Sally Andy reports she has sold more than 450 properties in the award-winning Lake Forest community in North Seminole County over the past 15 years for a total dollar volume of more than $145 million.

“Sally Andy was an onsite sales representative at Lake Forest from 1996 to 2004 before she joined Stirling Sotheby’s International Realty,” said Roger Soderstrom, founder and owner of the real estate firm.

“No one has sold more property in Lake Forest than Sally Andy and no one knows the community better,” Soderstrom said.

The gated community with a 24-hour guarded entrance offers homes overlooking pristine lakes and canals and along nature preserves.  The community features a two-story clubhouse, fitness center, tennis courts, 55-acre spring-fed lake, and Jr. Olympic swimming pool overlooking the lake.

Lake Forest has almost 800 total homesites throughout its 538 acres of wooded neighborhoods.  Most homes start at around $400,000 and range up to more than $1 million dollars.  To see a video of Lake Forest go to http://youtu.be/SgHCl9r7uxY.

Soderstrom added that the Sally Andy and David Warren Team (lower left photo) at Stirling Sotheby’s International Realty is focusing on luxury home sales at Lake Forest, whose numerous accolades include the six-time winner of the Orlando Parade of Homes' Grand Award for the "Best Community in Central Florida" and a Grand Aurora Award for "The Best Community in the Southeastern United States."

For more information, contact: 

Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890 

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

Morrison Commercial Real Estate Completes Lease Transactions Totalling 9,142 SF in Orlando, FL

  

ORLANDO, FL (July 29, 2011):  Greg Morrison (top right photo), CCIM, SIOR, Principal of Morrison Commercial Real Estate, announced the completion of a lease transaction totaling 9,142± square feet. 

Damien Madsen of Morrison Commercial Real Estate represented Covelli Family Limited Partnership II in leasing 9,142± square feet at the Keene Building located at 1400 Hope Road.  The Landlord was represented by Jeff Gindi of Results Real Estate Partners, LLC in this transaction. 

Contact: Buffy Gillette, Phone: 407.219.3500, Email:  bgillette@morrisoncre.com

$610,000 Buys 60 Unit Garden Apartment Community in Tampa, FL

   

TAMPA, FL July 29, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Regency Manor Apartments (top left photo), a 60-unit garden apartment community located in Tampa, Fla., according to Bryn D. Merrey, vice president/regional manager of the firm’s Tampa office.

 The asset sales price of $610,000 equates to $10,167 per unit and $17.06 per square foot.

Casey Babb (middle right photo), CCIM, a senior investment specialist, and Luis Baez (lower left photo), investment specialist both in Marcus & Millichap’s Tampa office had the exclusive listing to market the property on behalf of the Florida-based seller, a private investor.  The listing agents also secured the buyer of the property, a private, Canadian-based investment group.

Regency Manor Apartments is located at 13710 North 19th Street.  This 1960s vintage, garden apartment community is located in the University submarket of Tampa.  Units are 100 percent one bedroom/one bath all housed in six two-story concrete block apartment buildings with flat, built-up roofs. 

 “Regency Manor was a lender approved short-sale at less than one-third of the previous sale price in March 2006; however, given the circumstances, all parties involved would likely admit that this was a win-win for everyone.

“  The buyer will do very well, since they received a deeply discounted price relative to replacement cost.  The seller was released from personal liability and the lender avoided a long, costly foreclosure process and at the same time, achieved a market sale price,” recounts Babb.

Press Contact: Bryn D. Merrey, Vice President/Regional Manager, Tampa

(813) 387-4700

Groundbreaking Ceremony Held for PHILand Ranch's Pointe91 Development Project in Chu Lai, Vietnam

 FRANKFURT, Germany, LOS ANGELES and HO CHI MINH CITY, Vietnam, July 29, 2011 /PRNewswire/ -- PHI Group, Inc. (OTCQB:PHIE; Pinksheets:PHIE; Frankfurt:PR7), an M & A company with diversified holdings in real estate development, energy, natural resources and special situations announced today that its subsidiary PHILand Ranch Ltd., a company engaged in the development of master-planned communities, residential and commercial properties, and hospitality services in Vietnam and Southeast Asia, (WKN A0RPEA, Frankfurt:1P8) successfully conducted the groundbreaking ceremony on Thursday, July 28, 2011 for the Pointe91 luxury resort and elite residential community at Bien Rang Beach, Chu Lai, Quang Nam Province, Vietnam.

Henry Fahman (top right photo), Chairman of PHILand Ranch, stated:" While we are also working with other local partners on a number of projects in Ha Noi, Ho Chi Minh and some major cities in Vietnam at the present which have shorter turnaround schedules than that of Pointe91, we are committed to making a difference with this development."

 Website: www.PHILandranch.com.

Contact: Henry Fahman, 714-843-5455, info@phiglobal.com

Web Site: http://www.PHILandranch.com

Stirling Sotheby’s International Realty Selected as Marketing Agents for 10,176- SF Estate with Ultimate Man Cave: A 2,500 Square Foot Air Conditioned Car Collector’s Garage

ORLANDO, FL. --- Stirling Sotheby’s International Realty has been selected as sales and marketing agents for a unique estate near Heathrow that features its own car collector’s garage.

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said International Luxury Home Specialist Teresa Parker (top right photo) is representing the property, which offers a total over-all building area of more than 10,000 square feet.

The home offers four bedrooms, three baths and three half baths on a 1.2 acre home site with luxury finishes throughout, including Travertine flooring, three ornate fireplaces, eight foot solid doors, a chef’s kitchen with natural gas appliances and custom cabinetry, and a 1,080 square foot screen-enclosed outdoor living area with slate tile flooring, fire pit, two flat screen TVs, bar, and a complete kitchen.

But the focus of the luxury estate is its man-cave, a 2,400 square foot air conditioned garage with bar and movie theater. “The garage was built to house the seller’s car collection,” Soderstrom said.

The property is listed for $899,900. 

To view a video visit http://youtu.be/9yOoKOxNDH4  and for more information about the property’

Media contact information:

Teresa Parker, Stirling Sotheby’s International Realty, 407 497 5588 parkertjm@gmail.com

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

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

Emerson International Starts Development of 200,000-SF Commercial Center at Eagle Creek Golf Club Community in Southeast Orlando

ORLANDO, FL  - Emerson International, the Altamonte Springs based developer of Eagle Creek Golf Club, has started development of the Eagle Creek Commercial Center (top left aerial photo), a 200,000 square foot commercial and retail facility.

Construction is slated to begin at the Eagle Creek commercial center early next year, Eric Emerson, vice president and general manager of Emerson International, reported.

Eagle Creek is located on Narcoossee Rd. just south of the 417 in southeast Orlando.

For more information, contact:

Eric J. Emerson, Vice President and General Manager Emerson International, Inc. 407-834-9560; ejemerson@emerson-us.com;    

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

Winston James Business Park on Beville Road Completes New Lease Agreement

SOUTH DAYTONA, FL --- Winston James Development, LLC reports it closed on a new long-term lease agreement at the Beville Road Business Park on Beville Road at SR 5A in South Daytona.

Winston Schwartz (top right photo), president of Winston James Development, the developer and landlord of the property, said Cravings to Go, a local corporate catering company, is the new tenant.

Craving to Go leased 1,050 square feet of industrial space, Schwartz said.

For more information,  contact:

Winston Schwartz, President, Winston-James Development, Inc.  933 Beville Rd., South Daytona, Fla. 32119; 386-760-2555;

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

Loja Real Estate Acquires The Shops at Pacific Station in California

 WALNUT CREEK, CA – Tom Engberg, CEO of Loja Real Estate, LLC,  announced the acquisition of The Shops at Pacific Station (top left photo) for one of the Firm’s separate accounts.  Loja Real Estate, LLC, is a wholly-owned subsidiary of Loja Group LLC, a real estate investment management firm.

 Loja Real Estate purchased The Shops at Pacific Station from Pacific Station Property, LLC for $19.5 million. The transaction closed on July 25, 2011.  This is Loja Real Estate’s fourth acquisition.

 The Shops at Pacific Station, a 38, 828 square foot grocery-anchored neighborhood shopping center, is the retail portion of a 98,403 square foot vertical mixed-use center containing second and third-story office space totaling 9,733 square feet, and 47 residential condominium units.

The Shops at Pacific Station is located in Encinitas, a coastal community in San Diego County, CA.  In addition to a 25,000 square foot Whole Foods, which just opened in June.

The Shops at Pacific Station has a strong tenant mix, including an Urban Solace (upscale restaurant), Bliss 101 (craft/furniture gallery), Icons (high-end clothing boutique), and a Bombshell Boutique Salon (to open in August).  The Shops at Pacific Station is currently 96% leased. 

The development is LEED Silver Certified to achieve maximum energy efficiency with the least possible impact on the environment. 

Loja Group was represented by Richard Lebert, Senior Vice President, Colliers International.

 Pacific Station Property, LLC was represented by Ryan Gallagher (lower left photo), Senior Managing Director, Holliday Fenoglio Fowler, LP.  Loja Group has retained Capital Growth Properties, Inc. of La Jolla, CA, to manage the property.

 Additional information about Loja may be found at www.lojagroup.com.

 Contact

Robin Schoen, Robin Schoen Public Relations, 215.504.2122o, 215.595.7542 m

rschoen@robinschoenpr.com

$17.6 Million Credit-Rated, Single-Tenant Asset Hits the Market in Detroit

DETROIT, MI July 28, 2011 –Marc Strauss (middle right photo)  and David Wells of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, have secured the exclusive listing for a 139,056-square foot single-tenant net-leased Home Depot in Detroit (top left photo).

The listing price is $17.6 million, which equates to a 7.5 percent cap rate.

Marc Strauss, a first vice president investments in Marcus & Millichap’s Fort Lauderdale office, and David Wells, a senior associate in the firm’s Miami office are exclusively representing the seller, a private entity.

Strauss and Wells have worked together to successfully execute several retail transactions in the $10 million and above price range in the past few years, which has generated outstanding results for a wide range of investors nationwide.

“Single-tenant net-leased assets in core primary and secondary locations remain the strongest retail property type,” says Strauss. “And since this is the only Home Depot in Detroit, it should garner significant demand from both local and out-of-state buyers,” explains Strauss.

“This property is expected to deliver strong returns over the long term and is secured by the investment-grade, BBB+ rating of Home Depot U.S.A Inc. Further strengthening the property’s position in the marketplace, there are 12 years remaining on Home Depot’s triple net lease, which has 10 five-year options,” he adds.

“Opportunistic investments like this will receive greater interest in the coming months,” adds Strauss.

“Home Depot has occupied this property since 2004 with strong store sales,” says Wells. “As the economy continues to improve, sales are expected to remain healthy and investors are looking for credit backed assets with significant lease term.  An asset of this size with Home Depots investment grade credit rating doesn’t come to market very often.”

Located at 18700 Meyers Rd., the 12.22-acre site was formerly occupied by Kmart until Home Depot assumed its existing lease in 2004. The facility was originally constructed in 1997.

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

U.S. Attorney’s Office in Alabama Sells for $11.5 Million

MONTGOMERY, Ala., July 27, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of the 57,815-square foot U.S. Attorney’s office in Montgomery (top left photo).

 The sales price of $11,550,000 represents $200 per square foot. 

 John Wise, a vice president investments in the firm’s Atlanta office, and Henry Schuldinger, an office and industrial properties specialist in Washington, D.C., represented the seller, a national bank.

Tim Feagans, a senior associate and Geoffrey Ficke, an office and industrial properties specialist, both in Marcus & Millichap’s Dallas office, represented the buyer, an institutional investor focused on government-leased properties.  Eddie Greenhalgh, an associate in the firm’s Birmingham, Ala., office, also provided representation.

 “Increasing market demand for federal leased properties, combined with agent specialization in government-leased assets, resulted in multiple offers and a competitive bidding environment to select the buyer,” says Wise. “The property is 100 percent leased to the federal government through the General Services Administration for use by the Department of Justice, U.S. Attorney, Middle District of Alabama.”

The building was constructed as a build-to-suit for the U.S. Attorney with a 10-year lease term that commenced in May 2007.

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

Holly Duran Real Estate Partners Negotiates Tampa Lease for StreetLinks; More than Doubles Firm's Space, Facilitating Addition of 250 New Employees

CHICAGO, IL and TAMPA, FL /PRNewswire/ -- Holly Duran Real Estate Partners LLC (HDREP) announced that the firm has negotiated a significant new lease in Tampa that enables StreetLinks Lender Solutions to expand its operations, more than double its space and add 250 new jobs in Florida. 

The Indianapolis-based real estate appraisal management services provider signed a long-term lease for the entire 36,000 square-foot one-story building at Crosspoint, 9314 E. Broadway.

The new space augments the firm's 33,000 square-foot flagship office in Indianapolis in a lease negotiated by HDREP in 2009.

StreetLinks LLC, recently named a 2011 Top Workplace in a special edition of the Indianapolis Star, intends to add 250 new employees at the Tampa location over the next two years as the company recently announced in Florida.

The firm, which provides warranted residential valuation services and technologies to mortgage lenders nationwide, will invest nearly $2 million to open its Tampa site in early September.

"StreetLinks continues to experience steady growth. The Tampa location will help us fulfill the resource demands that growth creates. It will also serve as an important secondary disaster recovery facility to help ensure business continuity for our clients," said StreetLinks LLC CEO Steve Haslam.

Holly Duran (top right photo)and Jeff Mulder of HDREP represented StreetLinks LLC, along with co-broker Jimmy Johnson, a Tampa-based principal with CNL Commercial Real Estate, which was brought in by HDREP. 

CONTACT: Ellen G. Resnick, Crystal Clear Communications, +1-773-929-9292, +1-312-399-9295 (cell), eresnick@crystalclearPR.com

Web Site: http://www.hdrealestate.com

Crossman & Co. One of The Region’s Most Award Winning Commercial Real Estate Companies

ORLANDO, Fla. --- Crossman & Company, the Orlando-based commercial real estate company that ranks as one of the largest retail property management, leasing and development companies in the Southeastern U.S., also ranks as one of the region’s top award winners in 2011.

John Crossman, president of Crossman & Company, said the firm and its associates have earned more than 20 noteworthy accolades from NAIOP, the Central Florida Commercial Association of Realtors (CFCAR), and Costar, which ranks commercial realtors nationwide.

Crossman & Company’s 2011 accolades include NAIOP awards for rookie of the year to Associate Whitaker Leonhardt, retail broker of the year to Vice President Justin Greider, and student of the year to Research Analyst Molly Delahunty.

Two Crossman & Company client projects also won NAIOP awards: The Aloma Shopping Center was named retail development of the year in Central Florida and Orlando Fashion Square Mall was named re-use property of the year. 

The Orlando Fashion Square lease to National Entrepreneur Center, which Whitaker Leonhardt of Crossman & Company negotiated, was named “Best Headquarters Campus Relocation of the Year” by Orlando Business Journal.

At the CFCAR Hallmark Awards event earlier this year, Crossman was a top recipient. The company’s Hallmark awards included rookie of the year, Whitaker Leonhardt; circle of achievement, Sr. Associate Daniel Germano; retail top producers, Associates Katherine Rush (middle right photo) and Whitaker Leonhardt, and Vice Presidents Courtney Kowalchuk (middle left photo) and Justin Greider.

Rush won an additional Hallmark award as the region’s top office producer, and Greider was named one of the area’s top overall producers.

Kowalchuk was selected as one of the top 40 under 40 Executives to Watch in Central Florida and one of Central Florida’s Women Who Mean Business by the Orlando Business Journal.

Associate Ashley Thornburg (lower left photo) and Kowalchuk were both nominated for the Real Estate Forum’s 2011 Women of Influence in Commercial Real Estate.

Costar Group named five Crossman & Company Associates top brokers in the region: Greider, Rush, Leonhardt, Germano and Associate Ashley Thornburg in South Florida.

Costar also named Crossman & Company one of the region’s top commercial property brokerage firms and a top power broker.

Crossman & Company Executive Vice President Richard Crotty received the Legacy Award from Lifework Leadership and the James B. Greene Economic Development Award from the Metro Orlando Economic Development Commission. 

A leading U.S. trade publication, Retail Traffic, named Crossman & Company one of the top real estate management companies in the U.S. based on gross leasable area and Florida Trend magazine ranked Crossman & Company number 18 among the State of Florida’s “Best Places to Work.”

“We are a very achievement-oriented firm,” Crossman said. “We set goals and we work hard to see them through. We are very proud of the recognition we have received from our peers and from the industry,” he said.

Headquartered in Orlando, Crossman & Company is a commercial real estate brokerage firm that specializes in the retail industry.  Currently their portfolio under leasing and/or management exceeds 150 shopping centers throughout the Southeast.  Founded in 1990, Crossman & Company focuses solely on landlord representation and serves clients including Publix, PREIT, and GE.

 Please visit www.crossmanco.com, or call 407-423-5400 for more information

For more information, contact:

John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com;

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

Developer Withdraws Oceanfront Condos From Retail Market

MIAMI, FL--Less than 50 days after launching a new sales campaign, the unsold condos in an oceanfront South Beach project with 259 units on Collins Avenue have been "withdrawn" from the retail market, according to a new report from CondoVultures.com.

It is unclear why the units were officially removed from the retail market. A review of Miami-Dade County records shows a series of actions by the owner of record - Sandy Lane Residential LLC in care of the New York City-based Chetrit Group LLC - in 2011, including filing notices to conduct interior renovations of at least two units and obtaining city of Miami Beach approval to construct an eight-foot gate and implement landscaping upgrades, according to government records. 

On June 27, 2011, a dozen units that had previously been available for purchase at an average asking price of $706 per square foot at the Paradiso condominium conversion were taken off the retail market after less than seven weeks, according to an analysis by the licensed Florida real estate broker CVR Realty™.

The properties – being marketed under the name “The Residences above the Gansevoort South Beach” or "24th & Collins" - were originally listed for sale on the retail market on May 12, 2011 with units ranging in asking price from $578 per square foot to $804 per square foot, according to Florida Realtors association data.

The change in retail strategy comes despite the project having 255 unsold units as of June 30, 2011, according to an analysis based on the Condo Vultures® Official Condo Buyers Guide To South Beach™.

 

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