Robert D. Voit to Receive Lifetime Achievement Award in Orange County, CA

Orange County, CA – Robert D. Voit (top right photo), founder and CEO of Newport Beach-based Voit Real Estate Services, has been named as the 2012 recipient of the RealShare Orange County Lifetime Achievement Award.

Voit will be presented with the Lifetime Achievement Award during a ceremony at the upcoming RealShare Orange County conference in Irvine, Calif. on August 16.

This prestigious award is presented to an individual who has changed the landscape of the real estate community in his or her local market.

“Certain names just come to mind when talking about Orange County real estate, and Bob Voit is at the very top of that list,” says Daniel Ceniceros (lower left photo), Vice President of Strategic Development for RealShare Orange County.

Voit founded his firm as The Voit Corporation in 1971, and has spearheaded its expansion throughout the Western U.S.  The company has grown to 10 offices and has successfully owned, developed and managed more than 50 million square feet of commercial real estate to date. 

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

  Judith Brower/Jenn Quader

  Brower, Miller & Cole

  (949) 955-7940

  JQuader@browermillercole.com

Celebration Golf Management hopes to raise more than $7,000 with Patriot Day on Sept. 1 at 9 Central Florida Golf Courses

CELEBRATION, FL – Celebration Golf Management, which operates nine of Central Florida’s best known golf courses, hopes to raise more than $7,000 during its annual Patriots Day Celebrations Sept. 1.

“We are optimistic that we will surpass the previous year’s fundraising total of $3,100,” said Scottish PGA Professional Kenny Nairn (top right photo), executive vice president at Celebration Golf Management.

The cause is certainly worthy: Folds of Honor Foundation provides post-secondary educational scholarships for children and spouses of military service men and women killed or disabled while serving in the U.S. military.

And the charitable effort is easy too, Nairn explained. “We are asking all our golfers to donate a minimum of just one dollar when they play,” Nairn said.

To participate, visit the following golf courses:

Celebration Golf Club, The Golden Bear Club, Kings Ridge Golf Club Stoneybrook West Golf Club, Stonegate Golf Club, Orange County National Golf Center & Lodge, RedTail Golf Club, Eagle Creek Golf Club, Legends Golf Club.

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

·        

Kenny Nairn, Executive Vice President of Golf, Celebration Golf Management, 407-566-4653 x4606 Knairn@cgmgolfproperties.com

Gene Garrote, President, Celebration Golf Management, 407-566-4653 x 4601;  

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

HFF arranges acquisition financing for Enclave at Northwood in Clearwater, FL

                      

MIAMI, FL – HFF announced today that it has arranged acquisition financing for Enclave at Northwood (top left photo), a 188-unit garden-style multi-housing community in Clearwater, Florida.

HFF worked exclusively on behalf of an affiliate of Stonebridge Investments to secure the 10-year, fixed-rate loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. 

The securitized loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.

Enclave at Northwood is located at 2690 Enterprise Road, northeast of downtown Clearwater and Clearwater Beach.  The two-phased community is 96 percent occupied and features a mixture of one-, two- and three-bedroom townhome and villa units.  Community amenities include a swimming pool with picnic area, fitness center and tennis court.

The HFF team representing the borrower was led by director Elliott Throne (middle right photo) and senior real estate analyst Todd Adams (bottom left photo).   ZRS Management, LLC will provide property management services.

“Stonebridge acquired the property on attractive terms as they successfully captured a very low interest rate on a long-term loan, which will allow them to further enhance the returns on this asset,” stated Throne.

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

                          

ELLIOTT P. THRONE                                        

HFF Director

 (305) 421-6549                                                           

ethrone@hfflp.com                                                    

OLIVIA N. HENNESSEY

HFF Associate, Marketing

(713) 852-3500                                                      

ohennessey@hfflp.com

HFF closes sale of four-property storage portfolio in Houston area

HOUSTON, TX – HFF announced today that it has closed the sale of a four-property storage portfolio totaling 235,793 square feet in the Houston area.

HFF marketed the offering exclusively on behalf of the seller, a joint venture comprised of Private Mini Storage and Clarion Partners.  CubeSmart purchased the properties for an undisclosed amount free and clear of debt.

The HFF team representing the seller was led by senior managing director Aaron Swerdlin (top right photo) managing director Doug McCarron and director Barbara Guffey.

For a complete copy of the company’s new release and list of properties, please contact:

                          

AARON A. SWERDLIN                                 

HFF Senior Managing Director                   

(713) 852-3500                                           

aswerdlin@hfflp.com                                      

OLIVIA N. HENNESSEY

HFF Associate, Marketing

(713) 852-3500                                                      

ohennessey@hfflp.com

NAI Realvest negotiates two leases totaling 5,750 SF at Hanging Moss CommerCenter in Orlando, FL

  

MAITLAND, FL. – NAI Realvest recently negotiated two lease agreements for industrial space totaling 5,750 square feet at Hanging Moss CommerCenter (top left photo) in Orlando representing the Landlord COP-Hanging Moss, LLC of Maitland.

 NAI Realvest Principal Michael Heidrich (lower right photo) negotiated a renewal agreement with Carisma LLC for the 3,750 square feet in suites 260 and 270 at 6136 Hanging Moss Rd.  Nick Poole of CNL Commercial Real Estate represented the tenant.

Merkel Imports LLC of Orlando signed a new lease for 2,000 square feet in suite 410 at 6112 Hanging Moss Rd.   Heidrich brokered the transaction representing the landlord.

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

Hendricks & Partners, Brown Realty Advisors Negotiate Sale of Arbors at Berkeley Apartments in Atlanta for $5,665,000

BIRMINGHAM, AL --- Hendricks & Partners, one of the nation’s largest and most active multifamily investment banking and research companies, and Brown Realty Advisors, recently negotiated the sale of Arbors at Berkeley Apartments (top left photo), a 130-unit apartment community located in Atlanta for $5.665 million.

David Oakley, senior investment advisor of Hendricks & Partners’ Alabama office and Bo Brown of Brown Realty Advisors in Atlanta negotiated the sale representing the seller, Redus Georgia Commercial, LLC, a Delaware limited liability company By: Redus Properties, Inc., based in Charlotte. 

Arbors at Berkeley, built in 1948 and renovated in 2009, has a total of 73,602 square feet of rentable living space with one-and two-bedroom apartments.

The buyer was Arbors Mid Town LLC, a Georgia limited liability company.

For more information, contact:

David Oakley, Senior Investment Advisor, Hendricks & Partners - Alabama, 205.918.0785, doakley@hpapts.com. 

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

Colliers International Completes Lease Renewal of a 165,141-SF Industrial Building in Valencia, CA

 Valencia, CA, Aug. 8, 2012. – Colliers International, the third largest global real estate services organization, has completed the lease renewal of a 165,141-square-foot industrial property located at 29011 Commerce Center Drive in Valencia, Calif.  The 5-year lease is valued at over $6.3 million.

John DeGrinis (top right photo), SIOR, senior executive vice president, Patrick DuRoss (middle left photo), associate vice president, and Jeff Abraham (lower right photo), senior associate all based in Colliers International’s Encino office represented the tenant, Arvato Digital Services. 

 The landlord, Sares Regis Group, was represented by Craig Peters of CB Richard Ellis.

Arvato is a fully integrated subsidiary of Bertelsmann AG, the German publishing giant.

The building is state-of-the-art, constructed in 2000 and offers building features including 28-foot minimum clearance, 2000 amps of power, 20 dock high positions and approximately 30,000 square feet of high image office space. 

Contact:

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

Cousins Properties Acquires Dallas Office Tower

 

ATLANTA, GA--Cousins Properties Incorporated (NYSE: CUZ) has acquired 2100 Ross Avenue (top left photo), an 844,000-square-foot, Class-A office building located in the Arts District submarket of Dallas, Texas.

The Company purchased the office tower at a foreclosure auction for a net purchase price of $59.2 million, which equates to $70 per square foot. Cousins had previously acquired a $10 million B-note backed by 2100 Ross Avenue in an off-market transaction.

“2100 Ross Avenue is an outstanding fit with our ongoing strategy to acquire quality urban office assets in the best southeastern submarkets at valuations below replacement cost,” said Larry Gellerstedt (lower right photo), President and Chief Executive Officer of Cousins.

“This investment also provides a rare combination of significant value creation potential and an attractive in-place yield.”

The property is currently 67 percent leased to a diverse tenant base, including CBRE, Prudential Mortgage Capital and Bank of America Merrill Lynch.

 Cousins intends to reposition the property through a comprehensive capital improvement plan that implements a variety of common area and amenity-oriented enhancements.

The plan also will leverage the building’s excellent location adjacent to Dallas’ leading cultural venues and the new 5.2-acre Klyde Warren Park, which now connects the Arts District to Uptown Dallas.

For more information on this transaction, please visit www.cousinsproperties.com.

Contact:

Cousins Properties Inc.

Cameron Golden,

404-407-1984

Vice President

 Investor Relations and Corporate Communications

First Green Bank to issue stock offerings in January with shares valued at $13 each, minimum 20,000 shares required

 MOUNT DORA, FL --- First Green Bank, lauded as one of the nation’s most environmentally responsible financial institutions with locations in Mount Dora, Clermont and Ormond Beach, will issue a public stock offering in the first quarter of 2013 with shares valued at $13 each.

Kenneth LaRoe (lower right photo), chairman and chief executive officer of First Green Bank, said the offering will include a $20,000 minimum individual purchase requirement.

First Green Bank posted an annual profit of $543,000 for 2011, the culmination of 22 consecutive months of profitability.

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

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

Paul Rountree, President, First GREEN Bank, 352-483-9100, paul@firstgreenbank.com

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

Berger Commercial Realty Announces New Deal from Broker Steve Hyatt

 FORT LAUDERDALE, FL (Aug.  7, 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.

 Hyatt represented KeyCorp Real Estate Capital Markets in the sale of a two-story,12-unit, garden style apartment building known as Holiday Park Apartments, located at 745 NE 15th Ave. in Fort Lauderdale, for $850,000 to 745 NE Avenue, LLC, doing business as Maven Real Estate.

 Berger Special Assets first served as receiver, then provided management services and has now sold the property located near Holiday Park in central Fort Lauderdale.

Contact: 

Marielle Sologuren

Pierson Grant Public Relations

(954) 776-1999, ext. 226

msologuren@piersongrant.com

Emerson International Completes New Long Term and Expansion Leases at Altamonte Lakeside Office Park in Altamonte Springs, FL

ALTAMONTE SPRINGS, Fla. --- Emerson International recently negotiated a new long term lease and an expansion lease agreement with an existing tenant at Altamonte Lakeside Park (lower left photo) on Cranes Roost Blvd. in Altamonte Springs totaling more than 4,800 square feet.

 Kenneth R. Koch (top right photo), commercial portfolio director at Emerson International, said Sodexo is the tenant at 283 Cranes Roost Blvd who expanded  by 3,214 square feet bringing its total occupancy to 21,426 square feet.  Sara Wardrup of Mohr Partners represented Sodexo.

 Uptown Realty Group signed a new five-year lease for 1,647 square feet at 307 Cranes Roost Blvd. for a new Real Estate office. 

 Koch negotiated both transactions representing the landlord, Emerson International, Inc.

 For more information, contact

 Kenneth R. Koch, Commercial Portfolio Director, Emerson International, Inc. 407-834-9560 x238; kkoch@emerson-us.com;

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

Cranes Move, Construction Begins at Buckhead Atlanta

                   

 ATLANTA, GA (Aug. 7, 2012) – The cranes over Atlanta’s Buckhead community swung into action today as developer OliverMcMillan starts construction on Buckhead Atlanta, what will become the Southeast’s newest luxury destination. A team of construction workers mobilized at 7 a.m. this morning.

 “For years, we have anticipated the start of construction on the transformative Buckhead Atlanta, which, when completed, will be a sign of Atlanta’s resilience and innovation,” said Atlanta Mayor Kasim Reed (top right photo).

 “A rejuvenated Buckhead will not only attract the nation’s top developers and retailers but thousands of new consumers and residents. I congratulate OliverMcMillan and everyone involved and wish them well on this project.”

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

                                       

Patrick Hill                                        

Jackson Spalding                                

404-724-2506                                     

PHill@jacksonspalding.com                   

 Rachel Tobin                         

Jackson Spalding                                

 404-724-2501            

RTobin@jacksonspalding.com   

www.OliverMcMillan.com

Tandem Construction, Union League Boys & Girls Club Celebrate Completion of Phase One Addition and Renovation of 19th Century Pilsen Community Clubhouse

 

Chicago Mayor Rahm Emanuel and Michael Chioros, chair of the Union League Boys & Girls Club renovation project, cut the ribbon on a 17,000-square-foot addition to Union League Boys & Girls Club One in Chicago’s Pilsen neighborhood, as other project team members including Tony Andrews from Tandem Construction look on. 

Team members from Tandem Construction, Union League Club of Chicago and Antunovich Associates participated in a ribbon cutting ceremony today with Mayor Rahm Emanuel, celebrating the completion of a four-story, 17,000-square-foot addition to the original Union League Boys & Girls Club in Chicago’s Pilsen neighborhood. Pictured (left to right): Ira Leibold (Tandem), Sean Staunton (Tandem), Brian Curtin (Tandem), Craig Labus (ULC), Michael Chioros (ULC), Tony Andrews (Tandem), Mary Ann Mahon-Huels (ULC), Dimitri Nassis (Tandem), Michael Sullivan (ULC), Charles Jahn (ULC), Joe Antunovich (Antunovich Associates), Chris Walsh (Tandem), Megan Tighe (Tandem)

CHICAGO, IL (Aug. 7, 2012) - A late 19th century Chicago building that has been “a beacon of light and a refuge” for thousands of members of the Union League Boys and Girls Club in the city’s near southwest side Pilsen neighborhood for 92 years, has a bright new future.

 Chicago’s Mayor Rahm Emanuel led a tour last week for scores of community and civic leaders, educators, donors, Club alumni, members of the Union League Club of Chicago, contractor Tandem Construction and architect Antunovich Associates, of the new four-story, 17,000-square-foot addition to the original Union League Boys & Girls Club at 2157 West 19th Street.

 

Tandem Construction was the contractor for a four-story, 17,000-square-foot addition (lower right photo) to the original Union League Boys & Girls Club in Chicago’s Pilsen neighborhood.

 “Boys and Girls Clubs are key to the direction of our children's lives and our city’s future – making our streets safe and our schools strong,“ said Mayor Emanuel.

"Nearly 100 years since it first opened, Club One has served over 100,000 young people. This new addition will ensure that the Union League Boys and Girls Club will be a pillar of progress here in Pilsen for the next 100 years.”

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

 Sarah Lyons

312.267.4520

Senior Account Executive

Taylor Johnson

 Public Relations

d 312 267.4520 

 p 312 245.0202

 f 312 245.9205

slyons@taylorjohnson.com  

http://www.taylorjohnson.com  

www.tandeminc.net

www.ulbgc.org

Commercial Real Estate Community Comes Together for 7th Annual Charity Golf Classic in Tampa, FL

  

Tampa, FL (Aug. 6, 2012) — Newmark Grubb Knight Frank (NGKF) is joining other prominent organizations from the commercial real estate industry and general business community for the Annual Charity Golf Classic in support of the Juvenile Diabetes Research Foundation (JDRF) and the Barth Syndrome Foundation (BSF).

The event, now in its seventh year, is open to the public and will be held Monday, Oct. 1, 2012, at the Emerald Greens Golf & Country Club, located at 13903 Clubhouse Drive in Tampa.

Newmark Grubb Knight Frank Management Services President Randy Buddemeyer (top right photo)  and Regional Managing Director Tim Rivers (lower left photo) have served as co-chairs of the Charity Golf Classic committee since the tournament’s inception in 2005.

Over the past six years, the event has raised more than $600,000 in donations to support the JDRF and BSF, as well as other local charities.  

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

Monica Sparreo

312.698.6709

monica.sparreo@grubb-ellis.com

Arbor Closes Six Texas Fannie Mae Deals Totaling $33.5M

UNIONDALE, NY (Aug. 6, 2012) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC and a national, direct commercial real estate lender, announced the recent funding of six loans totaling $33,466,000 across Texas under the Fannie Mae Delegated Underwriting & Servicing (DUS)® Loan and Fannie Mae DUS® Affordable Housing Loan product lines. These loans include:

·         Park Village Apartments, Dallas, TX (top left photo) – This 350-unit multifamily property received $12,264,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Park Village Apartments has undergone significant renovations recently, adding new roofing, carpeting and appliances.

·         San Carlos Apartments, Dallas, TX (top right photo) – This 153-unit multifamily property received $5,500,000 funded under the Fannie Mae DUS® Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. The property has undergone significant renovations since its acquisition in 2007 and is centrally located within the city of Dallas.

·         Windsor Park Rental Homes, Fort Worth, TX (middle left photo) – This 50-unit multifamily property received $4,180,000 funded under the Fannie Mae DUS® Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. The property was built in 2010 and contains single-family units in excellent condition, each complete with a two-vehicle garage and individual patios.

·         Gardenview Apartments, Pasadena, TX (middle right photo) – This 309-unit multifamily property received $4,122,000 funded under the Fannie Mae DUS® Affordable Housing Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The property includes two in-ground swimming pools.

·         Meadow Park Townhomes, Hewitt, TX - This 122-unit multifamily property received $4,000,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The property was acquired in 2001 and has since undergone significant renovations. Meadow Park includes a pool and patio deck and barbeque picnic areas.

·         Ridgeview Apartments, Sherman, TX – This 140-unit multifamily property received $3,400,000 funded under the Fannie Mae DUS® Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. The property has undergone significant recent renovations. Amenities at Ridgeview include a swimming pool, sand volleyball court and basketball court.

All of the loans were originated by Anthony Tarter, Director in Arbor’s Dallas, TX, office.

“Arbor’s widespread presence in the Texas multifamily real estate lending market proves we have the ability to deliver loan products that perfectly suit our clients’ needs wherever they do business,” Tarter said. “The relationship formed with each property’s borrower reinforces our business partnerships and commitment to providing unmatched personal service deal after deal.”

Contact:  Christopher Ostrowski, costrowski@arbor.com