NAI Realvest negotiates new lease with water damage experts at Hanging Moss CommerCenter in Orlando, FL

 MAITLAND, FL – NAI Realvest recently negotiated a new industrial lease agreement for 1,875 square feet in Suite 330, 6124 Hanging Moss Rd. at Hanging Moss CommerCenter in Orlando.

 NAI Realvest Principal Michael Heidrich (top right photo) brokered the transaction representing the landlord COP-Hanging Moss, LLC of Maitland and the tenant, Dry-Tech Restoration, Inc., water damage experts.

 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   

Emerson International Negotiates Lease Agreement at Major Plaza in Southwest Orlando

ALTAMONTE SPRINGS, FL. --- Emerson International, which owns Major Plaza I office building on Kirkman Road near Southwest Orlando’s International Drive area, recently negotiated a lease agreement for 549 square feet of office space at Major Plaza I.

 Kenneth R. Koch, commercial portfolio director at Emerson International negotiated the lease agreement.

 Creative Impressions and Memories is the new tenant.

 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

Mez Birdie Appointed Court Receiver for Commercial Properties in Orlando and Jacksonville, FL

MAITLAND, FL. – Mez R. Birdie (top right photo) CCIM, CPM, SCSM, director of special assets at NAI Realvest, has been appointed court receiver for properties located at:

6220 SOBT, Orlando;
8101 Southside Blvd, Jacksonville;
3720 St. John’s Bluff, Jacksonville;

Birdie is responsible for all property management and leasing functions and will report to the Circuit Court of the 9th Judicial Circuit in Orange County, Fla.

For more information, contact:

Mez Birdie, CCIM, Director/Retail & Investment Services NAI Realvest 407-875-9989, Mbirdie@realvest.com
Patrick Mahoney, President, NAI Realvest, 407-875-9989, pmahoney@realvest.com
Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142

South Florida Office Building Sells for $10.3 Million

CORAL GABLES, Fla., Sept. 20, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, in conjunction with Coral Gables-based Mazzei Realty Services Inc., has brokered the sale of the Kendar office building, (top left photo) a 43,671-square foot five-story office building in Coral Gables. The sales price of $10.3 million equates to $236 per square foot.

Benjamin H. Silver (middle right photo), an associate director of the National Office and Industrial Properties Group (NOIPG) in Marcus & Millichap’s Miami office, helped broker the transaction between the buyer and the seller.

“South Coral Gables’ transactions of this magnitude are rare, although the submarket is fundamentally one of the top real estate markets in Florida,” says Silver.

 “The Kendar building is a very well-known property and one of the few Class B-plus office buildings that has maintained a mid-90 percent to high-90 percent occupancy rate throughout the recent downturn. The asset was meticulously managed and maintained by Mazzei Realty Services Inc., and represented the best in class for this market,” adds Silver.

The property is located at 1550 Madruga Ave. in Coral Gables, south of U.S. Route 1 and across from the University of Miami.

Built in 1970, the Kendar office building was 97 percent occupied at the time of the sale. The building’s tenants include Suchman Retail Group, Lawex Corp/Trialworks, DiBello, Lopez & Castillo, P.A., Mazzei Realty Services, Inc., Mark I. Rivlin, P.A., Dr. John T. MacDonald Foundation Inc. and The Ethel & W. George Kennedy Foundation Inc.

More than $1 million in major capital improvements were recently made to the building, including new elevators, a new roof and a new fire safety system.

Contact:

Stacey Corso

Public Relations Manager
(925) 953-1716

MAA Enters New Market with Kansas City Acquisition

MEMPHIS, TN /PRNewswire/ -- MAA (NYSE: MAA) announced today that it has entered the Kansas City, Missouri market with the acquisition of Market Station, an upscale, urban mid-rise apartment community.

The 323-unit Market Station property was developed in 2010 and is located in the River Market area, a riverfront neighborhood located immediately north of the Central Business District in downtown Kansas City.

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

Investor Relations of MAA,

 +1-901-682-6600,

investor.relations@maac.com

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

Single Tenant Sale Reflects Market Trend

MIAMI, FL, Sept. 20, 2012 -- Investors are scrambling to place capital in safe havens with higher yields offered in the stock market and single tenant assets are at the forefront.

David Wells (top right photo), Senior Investment Advisor & Head of the Net Lease Division, of Sperry Van Ness's Miami office has just closed a single tenant Family Dollar in Louisiana yielding a 9.00% return and sees demand strengthening.

"As yields on traditionally safe investments, corporate & government bonds and treasuries, are averaging roughly 1--3% single tenant assets have become an extremely attractive option.

“Investment grade credit tenants with corporate backed leases are an excellent option when looking to place capital. An investor can achieve a yield between 6 – 9 percent from an S&P rated corporation with a long-term lease with the physical real estate serving as collateral" says Wells.

The transaction, which Wells just placed one of his investors in was a Family Dollar in Vidalia, LA. The deal closed all cash at a 9.00% cap rate with six years of term left on an initial 10-year lease with 6 options to extend the lease for 5 years.

From the beginning of the marketing period to the closing took a total of 6 months. The seller was a large developer based out of the Southern United States whom wells also represented and is marketing a portfolio of assets for currently.

"The transaction is representative of what we are seeing transpire in the retail commercial real estate market today,” says Wells. “Demand has increased tremendously over the past few quarters. The velocity is all trophies and trash.

“Either investors are buying high vacancy foreclosed deals direct from lenders or single tenant investment grade credit, anything S&P BBB-, Moody's Baa3 or higher, assets with long-term leases.

“The recent closing yields my client a 9.00% return with an excellent tenant with a phenomenal balance sheet and investment grade rating. This is the sweet spot in today's market and demand is only increasing."

David Wells has been involved in the acquisition and disposition of over $1 billion worth of commercial real estate transactions throughout the country. Based in Miami, Mr. Wells specializes in selling credit rated single tenant retail assets throughout the United States.

He represents a unique mix of investors from both the US and South America and work with both private and institution clients.

For more information, contact:

David Wells:
david.wells@svn.com
305.498.6095

$25.1 Million Bucks County Multifamily Property Sold by Marcus & Millichap

LEVITTOWN, Pa., Sept. 19, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of the Chesterfield Apartments (top left photo), a 247-unit multifamily property in the planned community of Levittown. The sales price of $25,155,000 equates to $101,842 per unit and $143 per square foot.

Donald “Ridge” MacLaren, a first vice president investments, and senior associates Clarke Talone and Andrew Townsend, all in Marcus & Millichap’s Philadelphia office, represented the seller, a multifamily REIT. They also procured the buyer, a local partnership.

“Chesterfield Apartments is a very well-maintained property in a strong Lower Bucks rental market,” says MacLaren. “The seller did a terrific job improving the asset over their hold period and was rewarded with a tremendous amount of buyer activity. The buyer has acquired a well-performing asset that should produce strong returns,” adds MacLaren.

“The low interest rate environment, strong apartment fundamentals and next year’s potential increase in capital gains taxes are spurring buyer interest in quality Delaware Valley apartment communities,” MacLaren concludes.

The 175,495-square foot property is located at 1338 Veterans Highway in Levittown, a suburban community situated at the southern end of Bucks County between Philadelphia and Trenton, N.J. Interstate 95, the Pennsylvania Turnpike, U.S. Route 1 and Route 413 are within close proximity. Public transportation in the area is provided by the Southeastern Pennsylvania Transportation Authority.

Chesterfield Apartments was built in 1974 on 15.5 acres. The community consists of 10 buildings containing 153 one-bedroom units, 93 two-bedroom apartments and one three-bedroom house. A majority of the units have been updated with new kitchens and baths. Many units also feature washers and dryers. Common area amenities include a swimming pool, fitness center and clubhouse.

Contact:

Stacey Corso
Public Relations Manager
(925) 953-1716

Lincoln Property Company Southeast to Market Valencia College’s Chicone Building in Downtown Orlando, FL

ORLANDO, FL (Sept. 19, 2012) – After purchasing a Metrowest property that will assist Valencia College in centralizing and economizing its key administrative functions, Valencia Foundation is offering its historic Chicone Building (top left photo) for sale or competitive lease.

Located on the corner of what realtors refer to as “Main and Main,” the building at Church Street and Orange Avenue – also known as Valencia Downtown Center – is the sole original structure on that corner. The towers of SunTrust, Seaside and the Plaza occupy the rest of the intersection.

Lincoln Property Company is marketing the property, which offers a prestigious address at 190 South Orange Avenue, outstanding access to downtown nightlife and a bit of timeless charm. The 28,716-square-foot space can potentially be used for residences or offices and also is well-suited for ground-floor retail, as it once housed a pharmacy.

“We are excited to have landed this assignment and to be marketing a property that is close to the hearts of so many Orlando residents,” said Joe Rossi (lower right photo)  senior vice president of investment sales at Lincoln. “It is a special building in a hard-to-beat location, and we look forward to talking with potential buyers about it.”

Constructed in 1930, the building is a notable part of Orlando’s downtown history. It is an Orlando Historic Landmark included in the Downtown Historical Preservation District and is a regular stop on walking tours. In fact, it was the site of the city’s very first bank robbery in 1947 when it was the site of First National Bank and Trust Company.

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

Stephen Ursery
Wilbert Public Relations
E-mail: sursery@wnspr.com
Office: (404) 965-5026
Cell: (404) 405-2354
www.wnspr.com

Bruce Strasburg joins HFF Washington, D.C. as senior managing director

 WASHINGTON, D.C. – HFF announced today that Bruce E. Strasburg (top right photo) has joined the firm as a senior managing director in its Washington, D.C. office.

Mr. Strasburg will focus on industrial and flex/office investment sale transactions in the Mid-Atlantic region.  During the course of his 30-year career, he has completed portfolio and single asset transactions valued in excess of $6.0 billion, representing 30 million square feet of improved property and 1,500 acres of land. 

Mr. Strasburg joins HFF from CBRE, and prior to that, Trammell Crow.  He is a graduate of Bucknell University.

“With 30 years of experience in the sale of institutional quality assets in the Mid-Atlantic market, Mr. Strasburg is consistently recognized as a top producer in the market and commended for his reputation, creativity and work ethic,” said Steve Conley (lower left photo), executive  managing director and co-office head in HFF’s Washington, D.C. office. 

Contact:

KRISTEN MURPHY

HFF Associate Director, Marketing

(713) 852-3500

 krmurphy@hfflp.com

·Voit Real Estate Services Directs New 85,000-SF Industrial Lease in Riverside, CA.

RIVERSIDE, CA– Voit Real Estate Services’ Inland Empire office has completed a new 52-month, 85,000 square-foot industrial lease in the Meridian Business Park (top left photo) located at 14530 Innovation Drive in Riverside, Calif.

The lessee, Spectra Premium, an auto parts distributor, plans to fully occupy the Class A industrial building for its West Coast distribution operations, according to Ryan Miller, an Associate in Voit’s Inland Empire office.

Miller represented Spectra Premium as the lessee in the transaction. The lessor, GE Capital Real Estate, a premier commercial real estate company with $60 billion in assets globally, was represented by Walt Chenoweth (middle right photo), Frank Geraci, Juan Gutierrez (lower left photo) and Patrick Wood of Voit’s Inland Empire office.

According to Miller, Spectra Premium, headquartered in Canada, was seeking a high-quality building that could accommodate its distribution needs in order to relocate its West Coast operations from Ontario, Calif.

“Flight to quality is still underway in the Inland Empire,” says Miller. “Our client had been leasing a distribution center in Ontario, and we were able to assist them in moving to this newer facility, while still taking advantage of the market’s competitive lease rates.”

Industrial lease rates will gradually increase over the next 12 to 24 months, Miller says, as the supply of industrial Class A inventory continues to decline.

“As lease rates increase, we will see further stability in the Inland Empire industrial market,” Miller adds.

Contact:

Jenn Quader/Judith Brower
Brower, Miller & Cole
(949) 955-7940
JQuader@browermillercole.com

PHOENIX, AZ, Sept. 17, 2012 – The new SVN National GSA Team has completed a $4.3 million U.S. Border Patrol building (top left photo) sale in Cotulla, TX. The three-building, 23,485-square-foot project sits on 8 acres at 1550 Double C Drive, on the I-35 access road. It includes a high-security administration/detention building, vehicle maintenance and kennel facilities.


Sperry Van Ness National GSA Team leaders Mark Phillip (lower right photo)s and Tim Strange represented the property seller, DLI Cotulla, L.P. Bruce Marshall (lower left photo), Managing Director in the Dallas office of Sperry Van Ness, represented the property buyer, UIRC-GSA Cotulla TX, LLC.

“Like most GSA deals, this transaction had intricacies that required niche expertise and collaboration,” said Phillips, who is Managing Director of Phoenix-based Sperry Van Ness I MVP CRE Advisors and leads the SVN National GSA Team. “Our group is designed to fill this precise need for buyers and sellers. That makes it very rewarding to have this first deal officially completed.”

The Cotulla Station is occupied 24 hours a day, 365 days a year by the U.S. Border Patrol, an agency within the Department of Homeland Security, with responsibility for protecting U.S. borders from illegal entry and interdicting smugglers and contraband. One of 145 Border Patrol stations nationwide, Cotulla currently employs 70 officers, with a master plan for 100 officers.

“This deal was a challenge in that the Border Patrol had just three years left on their lease, which is not ideal in this market,” said Phillips. “We located a strong buyer and were able to illustrate the long-term potential of the Border Patrol. The stability of GSA investments added to the draw, and led to a sale that was advantageous for both parties.”

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


Stacey Hershauer
focusAZ
Marketing & Public Relations
(480) 600-0195

www.focusaz.com

Century West Partners Breaks Ground Today for K2 LA in Los Angeles

Los Angeles, CA (Sept. 19, 2012) – Century West Partners, a Los Angeles-based residential development venture, in partnership with Hartford, Conn.-based Cigna, has broken ground today for the first phase of K2 LA (top left photo) – a two-building, 303-unit luxury apartment development in the Koreatown neighborhood of Los Angeles.

Formed last year, Century West Partners is headed by veteran residential developers Randy (lower right photo) and Steve Fifield of Chicago-based Fifield Companies and Michael Sorochinsky of Los Angeles-based Cypress Equity Investments.

The project will consist of two phases at 688 S. Berendo and 660 S. Berendo. Phase one at 688 S. Berendo is scheduled to be complete in early 2014, while phase two will break ground in May of 2013 with a completion target of spring 2014.

Serving as architect for K2 LA is Santa Monica-based David Forbes Hibbert. Driver URBAN, a division of Pasadena, Calif.-based C.W. Driver, will serve as the project’s contractor.

For more information on K2 LA, visit www.centurywestpartners.com or call 312-855-1600.

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

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527
Mark Thomton, mthomton@taylorjohnson.com, (312) 267-4523

www.cypressequity.com
www.fifieldco.com

Green Global Investments Acquires Seniors Housing Operator-- International Care Management Services

MAITLAND, FL --- Green Global Investments, Inc. (OTCBB-GGIX) recently acquired International Care Management Services (2040177 Ontario Ltd.), an Ontario, Canada corporation and International Care Management Services Ltd. Inc., a Washington, USA corporation.

The companies’ founder, David B. Edwards (top right photo), will serve as president of these businesses which will operate as Green Global’s LivingVentures subsidiary.


The ICMS companies currently manage and provide services to over 1,000 units in 10 seniors housing facilities, including the prestigious Living on the Avenue (lower right photo) and The Kensington Place (lower left photo) properties in Toronto, Canada. Edwards has over 30 years of experience in the seniors housing industry.

“We are extremely pleased to have an industry leader like Dave heading up our Seniors Housing management business in North America,” said Green Global Chief Executive, Richard A. Asta (middle left photo). “Under Dave’s leadership, we fully expect to grow the number of units under management and services from 1,000 to 3,000 by the end of 2013,” Asta added.

Green Global Investments ("GGI") is a fully integrated real estate investment, development and operating company.

GGI operates seniors housing projects in Canada and Florida, with plans to develop and own seniors housing assets in markets across the US and Canada. GGI global headquarters is in Maitland, Florida with offices in Hong Kong and Shanghai.

The company also provides EB-5 equity capital and debt financing, as well as real estate brokerage and other services. To learn more, visit www.greenglobalinvestments.com.

For more information, please contact:

Richard A. Asta, Chief Executive Officer, Green Global Investments, 407-875-9989, rasta@ggi-x.com

Larry Vershel, Larry Vershel Communications, Inc., 407-644-4142

Colliers International Represents North American Clutch Export Company in Building Purchase in Miami, FL

 MIAMI, FL, Sept. 19, 2012 - Colliers International South Florida is pleased to announce the purchase of 42,391 square feet of Miami warehouse on behalf of buyer North American Clutch Export Company.

Achikam Yogev, Senior Vice President, represented the buyer in the $1.47 million transaction of the property located at 3501 NW 54th Street, Miami, FL (top left photo). The property sold for below market average at $35 per square foot.

North American Clutch is a leading distributor of clutches and brakes to Mexico and Latin America. "We searched for several months for the client and were fortunate to find the right fit for both the buyer and seller," says Yogev. "The transaction was financed with an SBA loan."

 North American Clutch will be building out new office space to fit their needs as a regional headquarters.  The buyer had rented property in Opa Locka for years and decided to take advantage of the opportunity to purchase in the Airport East submarket. They were drawn to the building's highlights including 17' clear ceiling heights, a new roof and M-2 industrial zoning.

Contact:

Crystal Proenza

Vice President of Marketing

Colliers International South Florida

Commercial Real Estate Services

Tel: 305 476 7138

Email: crystal.proenza@colliers.com

www.colliers.com

Carter Promotes Patti Neal and Malloy Peterson to Senior Vice Presidents

 ATLANTA, GA (Sept. 19, 2012) – Carter, one of the nation’s leading investment, development and advisory firms, is pleased to announce the promotion of Patti Neal (top right photo) to senior vice president of development from her previous position as vice president; and Malloy Peterson (top left photo) to senior vice president of advisory, from her previous position as vice president.

 A 12-year veteran of the company, Neal has overseen the design and construction for some of the company’s biggest projects, including The Banks in Cincinnati, Ohio; Columbus Commons in Columbus, Ohio; and Piedmont West in Atlanta.

In her new role as senior vice president of development, Neal will serve as the firm’s senior-most construction manager.

 “Patti has evolved into one of our leading construction professionals,” says Carter President Scott Taylor (lower right photo). “She has led some of our largest and most complicated public-private, mixed-use developments and is a seasoned construction expert who we’re thrilled to have playing such an important role at Carter.”

 Peterson, who joined Carter in 2005, most recently served as vice president of marketing, where she oversaw corporate and project-level marketing and communications teams. Additionally, she has consulted on a number of projects over the last two years. Peterson led Carter’s recent re-branding initiatives, which transformed the company’s identity through changes to its logo, imaging and website.

As senior vice president of the advisory services group, Peterson will oversee Carter’s highest priority consulting and development assignments.

 “Malloy has made meaningful contributions at the highest level of our company,” Taylor said. “She has led our marketing efforts, helped land new business and provided valuable support in our advisory area. She brings innovation and creativity to everything we do at Carter.”

 Neal has a bachelor’s degree in construction engineering and management from Purdue University and a master’s in business administration from Emory University.

Peterson received her bachelor’s degree in finance from the University of Alabama and a master’s degree in business administration from Georgia Tech.

 Conor McNally (lower left photo), Carter’s chief development officer, said: "Patti and Malloy are strong leaders with excellent track records. We are excited to recognize their terrific work and expand their responsibilities within the company.”

Contact:

M.C. Rhodes

Wilbert News Strategies

404-965-5024

mcrhodes@wnspr.com