Tuesday, June 26, 2012

Stirling Sotheby’s International Realty to Sell 14.5 acre Mixed-use Development site on Lake Haines in Lake Alfred, Southwest of Orlando




ORLANDO, FL--- Stirling Sotheby’s International Realty has been named exclusive sales and marketing agents for a 14.5 acre mixed-use development site (top left aerial photo) located on U.S. 17-92 overlooking Lake Haines in the City of Lake Alfred southwest of Orlando in the attractions area.

 To see a brochure of the property go to http://stirlingsir.netii.net/LakeHaines_eBrochure.pdf

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said the site is zoned to permit development of single family, multi family, office and retail uses.

The site features approximately 1,600 square feet of frontage on U.S. 17-92 and 900 feet of lake  frontage on Lake Haines, with boat docks allowed.  Soderstrom said the property gradually slopes toward the lake, allowing lake views throughout.

Stirling Sotheby’s International Realty Associates Mark Arnold (lower right photo) and Roger Soderstrom, Jr. (lower left photo) are representing the property which is listed for sale at $750,000.

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 

Host Hotels & Resorts, Inc. Announces Two Transactions in Rio de Janeiro and Nashville, TN



BETHESDA, MD  /PRNewswire/ -- Host Hotels & Resorts, Inc. (NYSE: HST) announced that the Company has entered into an agreement to develop two hotels in Rio de Janeiro, Brazil and, through a joint venture agreement, will develop one hotel in Nashville,
Tennessee. 

The Company has acquired land and entered into a construction agreement with Galwan Engineering and Performance Realty to develop a 150-room Novotel hotel and a 255-room ibis hotel in Rio de Janeiro, Brazil for approximately $72 million.

As part of this transaction, the Company signed an agreement with Accor to manage the hotels.  Construction is scheduled to begin in July 2012 and the hotels are projected to open mid-year 2014.

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

 Gregory J. Larson,
 Executive Vice President,
 +1-240-744-5800; or
Gee Lingberg,
Vice President, +1-240-744-5275

HFF arranges $85 million refinancing for The Houstonian Hotel, Club & Spa in Houston, TX



HOUSTON, TX – HFF announced today that it has arranged an $85 million refinancing for The Houstonian Hotel, Club & Spa (top left photo) an 18.34-acre urban resort in Houston, Texas.

Working on behalf of The Redstone Companies, L.P., HFF secured the fixed-rate loan.  Capital was provided by AXA Equitable Life Insurance Company through its advisor, Quadrant Real Estate Advisors.

The Houstonian is situated on 18.34 wooded acres in the Galleria area and is Houston’s premier luxury hotel and fitness facility.  The resort was ranked #25 among the World’s Best Business Hotels and #11 among top resorts by Travel+Leisure magazine in 2010.

In addition to 289 premier guest rooms, the property includes an award-winning health club and day spa as well as 26 meeting spaces.  Renovated in 2003, hotel amenities include 24-hour room service, valet parking, bar, cafĂ© and two full-service restaurants, access to the private Houstonian Club and preferred access to Redstone Golf Club, home of the Shell Houston Open PGA TOUR event.

The HFF team representing the borrower was led by managing director Matt Kafka (lower  right photo) and real estate analyst Corby Chaffin.

For more information, please visit www.quadrantrealestateadvisors.com and www.redstonecompanies.com.

Contacts:        

MATTHEW KAFKA                                       
HFF Managing Director                                 
(713) 852-3500                                                   
 mkafka@hfflp.com                                          

MYRA MOREN
HFF Director, Marketing
(713) 852-3500

CalPERS Takes Ownership Interest in North America Real Estate Advisor; Pension Fund Invests $100 Million in Bentall Kennedy


  

SACRAMENTO, CA – The California Public Employees’ Retirement System (CalPERS) today announced that it has invested approximately $100 million in Bentall Kennedy, becoming a one-third owner in one of North America’s largest real estate investment advisors.

CalPERS acquired the ownership interest in Bentall Kennedy that has been held for the past two decades by Ivanhoe Cambridge, the real estate investment subsidiary of the Caisse de Depot et Placement du Quebec. The remaining two-thirds limited partnership ownership is evenly split between the British Columbia Investment Management Corporation (bcIMC) and Bentall Kennedy’s senior management team.

The investment marks a new strategic move for CalPERS to engage the pension fund and its staff with an experienced real estate investment and management team by taking an ownership interest. It also brings together three like-minded institutions whose cultures are driven by long-term performance, growth and environmental and governance leadership.

“Bentall Kennedy has a track record of fiduciary excellence and is a global leader in environmental, social and governance practices,” said Rob Feckner (top right photo), President of the CalPERS Board of Administration. “This relationship will allow our real estate team to further expand on trends and opportunities in real estate investment and management.”

“Bentall Kennedy’s North America-wide business platform for real estate investment is a welcome addition to our real estate strategy,” said Henry Jones (middle right photo), Chair of CalPERS Investment Committee. “We have maintained a strong relationship with them over the years and fully support their investment strategy and shared goals of successful and sustainable long-term investment performance.”

Bentall Kennedy has been a real estate partner with CalPERS for more than 15 years through a number of investments.

“CalPERS is pleased to collaborate with bcIMC in a mutually beneficial structure for long horizon pension investors,” said Joe Dear (top left photo), CalPERS Chief Investment Officer.

Ted Eliopoulos (lower left photo) Senior Investment Officer for CalPERS real estate program said, “This investment supports our long-term strategic goals in real estate and aligns us with a strong investment partner.”

CalPERS has more than $18 billion invested in global real estate – approximately 8 percent of the fund’s $228 billion investment portfolio.

CalPERS is the largest public pension fund in the U.S. It administers retirement benefits for more than 1.6 million California state, local government, and public school employees, retirees, and their families on behalf of more than 3,000 public employers, and health benefits for more than 1.3 million enrollees. The average CalPERS pension benefit is $2,332 per month. The average benefit for those who retired in the most recent fiscal year that ended June 30, 2011, is $3,065 per month.

For more information, please visit www.calpers.ca.gov.

Contact:

External Affairs Branch
(916) 795-3991
Robert Udall Glazier, Deputy Executive Officer
Brad Pacheco, Chief, Office of Public Affairs

Atlanta’s Commercial Real Estate Show Examines Beneficial Technology



 ATLANTA, GA (June 26, 2012) – Technology is rapidly transforming the commercial real estate industry, and opportunities abound for brokers, owners and investors to increase efficiencies and profits.

 The most recent episode of “America’s Commercial Real Estate Show” put the spotlight on some of the technology tools savvy professionals are using to make their jobs easier.

 Ten Eight, a mobile appcreated by Patrick Braswell (top right photo), a principal with technology firm Ten Eight, allows prospective tenants to rate various components of office buildings while they’re touring the properties. The app, which is available for free to brokers and tenants, creates a score for each building to give the prospective tenant data to compare the facilities.

Tenants “start to have a hard time remembering what they saw, which of course leads to frustration,” Braswell said. “We wanted to make something that would help tenants capture their subjective feelings they have about a building while on tour and turn that into objective data to help them make a better real estate decision.”

 Upcoming versions of Ten Eight will be available for retail and industrial properties and will also allow users to access site floor plans and property tour booklets, Braswell added.

  Brendan Erickson (top left photo), a vice president of the software firm REI Wise, discussed his company’s Commercial Investment Analysis Software, which creates cash flow and return on investment analyses as well as property marketing materials from the same data entry.

“If you are in the dugout and not on the field playing ball, you’re missing out on a ton of opportunity, and we equate being behind a computer to being in the dugout,” Erickson said. “If we can limit the time and effort you’re putting in [in front of a] computer … our goal is done.”

 Robin Webb, (lower right photo) CEO of CCIMTechnologies, provided an overview of his firm’s Site to Do Business, a research site that provides users comprehensive demographic information about a particular market or sub-market. For example, the site can help a broker who wants to know “where all the CPAs or lawyers are that might fit into a space that’s vacated,” Webb said.

Contact:

Stephen Ursery
Wilbert News Strategies
Office: (404) 965-5026
Cell: (404) 405-2354

Monday, June 25, 2012

Newell Rubbermaid Global Headquarters Building in Atlanta Earns BOMA 360 Designation in Recognition of Excellence in Building Management

  




ATLANTA, Ga, June 25, 2012 /PRNewswire/ -- The Newell Rubbermaid Global Headquarters (above centered photo) in Atlanta has been designated a BOMA 360 Performance Building by the Building Owners and Managers Association (BOMA) International.

The BOMA 360 Performance Program validates and recognizes commercial properties that demonstrate best practices in building operations and management.

Newell Rubbermaid was able to achieve this recognition as a result of utilizing solutions from its Rubbermaid Commercial Products brand for washroom solutions, material handling and recycling products, and green cleaning solutions, improving worker well-being, green practices and sustainability. 

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

Jenn Schneider,
 +1-540-542-8695,
Rachel Conforti,
 +1-212-201-4206,

Web Sites:

Berger Commercial Realty Broker Steve Hyatt Closes $1.1 Million Deal in Fort Lauderdale, FL

  


FORT LAUDERDALE, Fla. (June 25, 2012) – Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced a new deal from Senior Vice President Steve Hyatt (top right photo).

 Hyatt represented Indigo Land Riverside Landings, LLC in the sale of 2.5 acres of vacant residential land, located at 1200—1215 S.W. 5th Court in Fort Lauderdale, for $1.1 million to Lavish Holding Corp, represented by Tom Evental of Domain Real Estate Services. The site plan is approved for eight single family homes and six duplexes.

Contact:

 Marielle Sologuren
Pierson Grant Public Relations
(954) 776-1999, ext. 226

NAI Realvest Negotiates New Lease at Kissimmee Shopping Center, FL for Medical Rehab / Training Facility



MAITLAND, FL – NAI Realvest recently negotiated a new long-term lease agreement for 1,939 square feet of storefront medical office space at the Kissimmee Shopping Center on Old Vineland Road in Kissimmee.

 Paul P. Partyka (top right photo), managing partner at NAI Realvest brokered the transaction representing the landlord, Herndon, Va.-based KVOS, LLC.

 Orlando Pediatric Center LLC of Kissimmee, leased 2501A Old Vineland Rd. in the center for a new medical team specializing in innovative rehabilitation training.   

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

NAI Realvest Negotiates Lease Renewal for 6,000 SF at Sanford Central Park, FL



Maitland, FL – NAI Realvest recently negotiated a lease renewal agreement for 6,000 square feet of office/warehouse space in Sanford Central Park, 801 Central Park Drive off S.R. 46 in Sanford.

 Michael Heidrich (top right photo), principal at the firm, brokered the transaction on behalf of the landlord, Winter Park-based Selwo Investment Group, and the tenant, DHR Mechanical Services Orlando, Inc. d/b/a Shumate Mechanical. 

 For more information, contact:

Michael Heidrich, Principal NAI Realvest 407-875-9989 Mheidrich@realvest.com;
Patrick Mahoney, President NAI Realvest, 407-875-9989 Pmahoney@realvest.com;
Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142    

                 

McCarthy Team Gets Down and Dirty at Camp Pendleton World Famous 10K Mud Run



SAN DIEGO – (June 25, 2012) – A team of 66 employees of McCarthy Building Companies, Inc., (www.mccarthy.com) stepped up the firm’s tradition of charitable community involvement by participating in the World Famous Mud Run on June 16th aboard the Camp Pendleton Base (top left photo) north of Oceanside, Calif.

 This year’s Mud Run was held at the military base over three consecutive weekends.  Proceeds raised from the June 16th race benefitted the Camp Pendleton Armed Services YMCA. 


McCarthy employees -- 45 men and 21 women -- comprised almost half of the 155-member Clark/McCarthy team, which together raised a total of $5,000 to help military members and their families.

 The Clark/McCarthy team captured fourth place out of 293 in the Mixed Division, placed number 14 out of 70 in the Female Division, and ran away with three of the top five spots in the Corporate Division, including a fourth place overall.

The Clark/McCarthy team also had the highest number of participants of any sponsor.

The joint venture design-build team of Clark Construction Group, LLC, and McCarthy Building Companies, Inc., is building the new 500,000-square-foot Naval Replacement Hospital Project at Camp Pendleton.

 It is the largest American Recovery and Reinvestment Act project to be awarded by the Department of the Navy. When complete in early 2014, the new $394 million, multi-level hospital will serve active duty military from all service branches, reservists, retirees and family members.

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

Bonnie Kutch
Director
619-299-1010
Kutch & Company
3904 Groton Street |
Suite 203 |
San Diego, California 92110


Gaedeke Earns BOMA 360 Awards For Office Properties in 4 Metros



 DALLAS, TX – Gaedeke Group LLC has secured prestigious BOMA 360 Performance designations for a quartet of class A office buildings in four metropolitan markets, a testament to its commitment to providing the right tools and people at its properties.

The designation, subject to renewal every three years, has been accorded to 2800 Tower in Phoenix (top left photo); 1310 G Street in Washington, D.C. (middle right photo); Northbridge Centre in West Palm Beach, Fla. (middle left photo); and One McKinney Plaza in Dallas (lower right photo).

"Gaedeke Group is certainly a player in the different markets with BOMA and our staff appreciates the benefits being a member of BOMA brings to our ownership.  It was with that in mind that we entered these buildings in the BOMA 360 program at this time," says Dan S. Yates, RPA, Southwest regional manager and green programs officer for the Dallas-based company.

"This designation reflects the dedication our company has towards providing excellence in building operations to our tenants and owner."

Yates and Marvin Mouser, senior property manager for Gaedeke's Southeast region, currently are in Seattle to accept the BOMA 360 awards, which are being presented at BOMA's 2012 Every Buildings Conference & Expo at the Washington State Convention Center.

Yates and Mouser were past presidents of BOMA chapters in Dallas and Nashville, respectively, so being on hand to accept Gaedeke's awards were fitting.
Gaedeke's focus on renovation and sustainability resulted in Banner Place earning a BOMA 360 designation last year and has triggered plans to submit applications later this year for Museum Tower in Miami and Highland Ridge Tower in Nashville. 


In the past two years, Gaedeke has focused on upgrades and sustainable initiatives for its three-million-square-foot portfolio of 15 class A office buildings in Arizona, Florida, Tennessee, Texas, Washington, D.C., and Germany. 

The investment in time and capital has resulted in numerous industry awards for the Dallas-based investment group, including Energy Star certifications for 13 of its 15 properties.

A BOMA 360 Performance designation demonstrates to tenants and prospective tenants that the building's management and operations meet the highest standards of excellence.

Laura Crosby manages 2800 Tower, a 364,533-sf high rise at 2800 N. Central Ave. in the Central Corridor while Gina Pimentel is at the helm of 1310 G Street, a 195,711-sf building just minutes from Capitol Hill.

Bertie Russo, CPM, RPA, is the property manager for the 288,233-sf Northbridge Centre at 515 N. Flagler Dr. in the CBD; and Teresa Schiller, RPA, heads up the property management team for the 263,921-sf One McKinney Plaza at 3232 McKinney Ave. in Uptown Dallas.

The property managers represent at least 40 years of combined of experience in their industry.

The BOMA 360 Performance Program is a groundbreaking building designation program that evaluates properties in six major areas:  building operations and management; life safety/security/risk management; training and education; energy; environment/sustainability; and tenant relations/community involvement.

For more information on the BOMA 360 Performance designation, visit www.boma.org/GetInvolved/BOMA360.

For additional information, please contact:
Dan S. Yates, 214-273--3329

NAI Realvest Brokers Sale of Apopka Lowe’s Outparcel for a New Tire Kingdom



ORLANDO, Fla – NAI Realvest recently negotiated the purchase of a 0.80-acre retail development site for a new 7,000 square foot Tire Kingdom store in Apopka.

NAI Realvest principals Kevin O'Connor and Matt Cichocki brokered the transaction on behalf of the Charlotte, N.C.-based buyer, Pavilion TK-Apopka LLC, who paid $490,000 for the property which is an outparcel to the Lowe’s on Orange Blossom Trail.  
 
Lowe’s Home Centers, Inc. of Wilkesboro, N.C. is the seller.

This is the 11th Central Florida Tire Kingdom location secured by the NAI Realvest team of Cichocki and O’Connor.

For more information, contact: 
Kevin O’Connor or Matt Cichocki, Principals NAI Realvest, 407-875-9989 koconnor@realvest.com  or  mcichocki@realvest.com; 
Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com; Beth Payan or Larry Vershel, Larry Vershel Communications, Inc.  407-644-4142  

Marcus & Millichap Names John T. Thornton Vice Presaident



 CALABASAS, CA– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has elected John T. Thornton (top right photo) vice president, according to John J. Kerin (lower left photo), president and chief executive officer.

“John is an extremely capable counselor and trial attorney with nearly 25 years of expertise in commercial real estate law,” says Kerin. “As vice president, he will provide our management team and investment professionals with invaluable legal expertise.”

Thornton came to Marcus & Millichap in January 2010 as deputy general counsel. Prior to joining the firm, he served as division general counsel at CB Richard Ellis. In that post, he was responsible for handling a wide variety of legal matters including litigation, corporate real estate, advising business units, and drafting and negotiating brokerage and other real estate services agreements.

Before starting with CB Richard Ellis in 1986, Thornton was an associate in the Los Angeles office of the law firm Manatt, Phelps & Phillips, where he specialized in business litigation.

Thornton is a graduate of the University of Notre Dame and the University of San Diego School of Law.

Contact:

Stacey Corso
Public Relations Manager
(925) 953-1716

Saturday, June 23, 2012

HFF secures $23 million refinancing for student housing community serving University of Oklahoma




SAN DIEGO, CA – HFF announced it has secured a $23 million refinancing for Crimson Park (top left aerial photo), a 268-unit, 792-bed student housing community serving The University of Oklahoma in Norman, Oklahoma.

Working exclusively on behalf of Pierce Education Properties, HFF placed the 10-year, 3.8 percent securitized loans with Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program.  The loans will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.

Completed in 2005, community amenities include a 24-hour fitness center, basketball court, sand volleyball court, putting green, three-tier resort-style pool, hot tub, fire pit, tanning bed and media room.

The HFF team representing the borrower was led by senior managing director Timothy Wright (middle right photo) and associate director Zack Holderman (lower  left photo).


Pierce Education Properties is a San Diego-based owner, manager and developer of Class A, purpose-built student housing and education-based real estate. 

Pierce owns and manages a $275 million national portfolio of approximately 5,600 beds.  According to data from Real Capital Analytics, Pierce ranks as the sixth largest buyer of student apartments over the past five years (2007-2011).

Visit www.pierceeducationproperties.com for more information.

Contacts:                         

TIMOTHY D. WRIGHT                                 
HFF Senior Managing Director                                                                    
 (858) 552-7690                                                
twright@hfflp.com                                             
                            
MYRA F. MOREN
HFF Director, Marketing
(713) 852-3500

Sperry Van Ness Names David Wells to Head Investment Sales Net Lease Division in Miami


  

MIAMI, Fl --The real estate market is heating up again and Sperry Van Ness of Miami, one of the nation’s largest full service commercial real estate full service firms, is taking action.

The firm has just named David Wells (top right photo), a 10-year industry veteran, to head up the investment sales Net Lease Division for the Miami office. He will be in charge of expanding the firms presence in selling net leased & retail investment properties throughout the Southeast and Nationally.

Many real estate firms across the country have begun to ramp up as investment sales have increased 25% in the past quarter and prices have been skyrocketing over the past year by 30% to 40% for premium assets.

David Wells has been involved in over $500 million worth of commercial transactions throughout the country.

 Based in Miami,  Mr. Wells represents a unique mix of investors from both the US and South America, working with them directly and with several top offshore investment managers who have offices in Miami.

 “Being positioned in Miami gives our clients from across the country a unique advantage when marketing their property for a potential disposition. We provide the best national exposure like many of our competitors, but we also provide international exposure, resulting in higher prices due to foreign money.”

David Wells has worked in both brokerage and the private equity side.

 “I am very excited to join Sperry Van Ness," Wells says. . "They have a tremendous national platform in place that benefits both buyers and sellers. They have a culture based on collaboration which serves the best interests of the client.”

For more information ,contact David Wells directly, david.wells@svn.com, 305.498.6095

www.svn.com