Integrity Home Loan of Central Florida names new underwriter and sales manager

LAKE MARY, FL. --- Integrity Home Loan of Central Florida, which ranks as one of the state’s fastest growing mortgage loan companies, has named a new FHA-VA underwriter.

Matt Malloy, president of Integrity Home Loan of Central Florida, said Robert L. Mayrand II who has close to 10 years of experience is the new underwriter for the Jacksonville branch.  Mayrand attended Florida Community College in Jacksonville.

At the same time, Malloy named Don Almeida, sales manager for the central Florida region. Almeida is a graduate of the University of Central Florida and has been in sales for five years. 

Integrity is Florida’s largest fully integrated privately owned mortgage company with 11 branches including the headquarters in Lake Mary and locations in Coral Springs, West Palm Beach, Jacksonville, Orlando, Tampa and in the Detroit suburb of Southfield, Mich.

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

Matt Malloy, President, Integrity Home Loan of Central Florida, 407-688-8268 matt.malloy@inthomeloan.com NMLS #- 161433

Jason Scott, Marketing Manager, Integrity Home Loan, 407-688-6618 jason.scott@inthomeloan.com;

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

Integrity Home Loan of Central Florida Appoints Two Veteran Loan Officers in Lake Mary, FL Office

Matt Malloy

Lake Mary, FL. --- Integrity Home Loan of Central Florida, Inc., Florida’s largest and most active residential mortgage provider, recently appointed veteran mortgage specialists Cliff Taylor and George Carlton Thornton III loan officers in its headquarters office at 901 International Parkway in Lake Mary

Matt Malloy, president of Integrity Home Loan of Central Florida, Inc., said Taylor has more than four years of experience as a loan officer with Ameriquest Mortgage and two years of experience as a licensed Florida Realtor.

Thornton, who attended Southern Illinois University, has more than 10 years of experience as a loan originator.

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

Matt Malloy, President, Integrity Home Loan of Central Florida, 407-688-8268 matt.malloy@inthomeloan.com NMLS #- 161433

Jason Scott, Marketing Manager, Integrity Home Loan, 407-688-6618 jason.scott@inthomeloan.com;

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

Brown Harris Stevens Reports Impacted by Tax Law Changes in 2012, 1st Quarter Average Manhattan Apartment Price Fell 16% From 1st Quarter 2012

Hall F. Wilkie

New York, NY, April 2, 2013 --  According to the 2013 first quarter Manhattan residential market report released today by Brown Harris Stevens, the average Manhattan apartment sale price of $1,252,081 was down 16% from the first quarter of 2012.

The median price, which measures the middle of the market and is less impacted by high-end sales, was down 5% to $780,000 over that same period. Although inventory is at low levels and there was a rush to close at the end of 2012, the number of closings was up 3% to 1,846 when compared to the first quarter of last year.

Cooperative apartments of all sizes saw lower average sales prices over the first quarter of 2012. The overall average price of $925,815 was 22% lower than during the first quarter last year with three-bedroom and larger co-ops posting the biggest decrease in average price, down 31% from a year ago. 

 “With many buyers, especially those on the high-end, rushing to close at the end of 2012, we experienced a significant decline in high-end closings. This quarter’s statistics were also impacted by the $88 million closing at 15 Central Park West one year ago,” said Hall F. Willkie, president of Brown Harris Stevens Residential Sales.

 “As interest rates remain low, the local economy is strong, and with inventory of available apartments 30 percent below where it was a year ago, we continue to see a healthy level of activity with well-priced homes selling quickly.”

Report highlights include:

·         The average time on the market until signed contract was 111 days, 14% less time than a year ago.

·         On the East Side, all sized apartments saw a decrease in average sales price except studios.

·         The average price on the West Side particularly for 3 bedroom and larger apartments was impacted by the $88 million sale in the first quarter of 2012 at 15 Central Park West.

·         Downtown studios and 2-bedrooms saw price increases while 1-bedrooms and 3-bedroom and larger apartments experienced a decrease over the past year.

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

Rachel Gonzalez,

 Rubenstein PR

212.843.9240 /

rgonzalez@rubensteinpr.com  

www.BrownHarrisStevens.com

Lincoln Property Company Southeast Brokers Sale of Printpack’s 195,000-SFFormer Headquarters in Atlanta, GA

  

4335 Wendell Drive, Atlanta, GA

ATLANTA, GA (April 1, 2013) – Lincoln Property Company Southeast (Lincoln) has brokered the sale of Printpack’s 195,000-square-foot former headquarters at 4335 Wendell Drive in west Atlanta. Denton Shamburger, vice president of industrial leasing at Lincoln, represented Printpack in the transaction, the terms of which were not disclosed.

 Central Pipe & Supply purchased the two-story building and will relocate its Doraville, Ga., headquarters to the facility. Ed Riggins of Cresa Atlanta represented the buyer.

 Sitting on nearly 16 acres, the building features more than 140,000 square feet of warehouse space and approximately 55,000 square feet of office space. Printpack replaced the roof in 2011.

 Lincoln provides a variety of services for Printpack, which develops packaging for a wide range of products. Lincoln provides facilities management, lease administration and property transaction services for the firm.

Tony Bartlett

 “Printpack is a firm that we have a longstanding and comprehensive relationship with, and brokering the sale of its former headquarters to a high-quality buyer is just another way we’ve created tremendous value for the company,” said Tony Bartlett, senior vice president for Lincoln. “Denton did a great job finding the right buyer for this asset.”

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

Stephen Ursery

The Wilbert Group

404-965-5026

sursery@thewilbertgroup.com

www.lpcsoutheast.com

http://blog.lpcsoutheast.com.

Florida’s Largest Privately-Held Residential Mortgage Company Appoints Two Veterans to Head Jacksonville Office

Matt Malloy

Lake Mary, FL -- Integrity Home Loan, Florida’s largest and most active residential mortgage provider, recently appointed two veteran mortgage specialists to its Northeast Florida Regional Office at 8130 Baymeadows Way in Jacksonville.

Matt Malloy, president of Integrity Home Loan of Central Florida, Inc., said he appointed Jim O’Neal and Keith C. Evans loan officers in Jacksonville.

O’Neal, appointed Senior Loan Originator for Northeast Florida, is a veteran loan officer with more than 25 years of experience. A lifelong Jacksonville-area resident, O’Neal graduated from Orange Park High School in 1988.

His mortgage experience includes positions with Jacksonville-based Vystar Credit Union and PHH Mortgage in Jacksonville, where he originated and processed loans for Charles Schwab and Merrill Lynch.

Evans, appointed Loan Originator in the Jacksonville office, has more than 15 years of experience as a lender. Evans founded EQ Financial, Inc., in Jacksonville in 1999 and grew the company to include five locations with 76 employees.

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

Matt Malloy, President, Integrity Home Loan of Central Florida, 407-688-8268 matt.malloy@inthomeloan.com NMLS #- 161433

Jason Scott, Marketing Manager, Integrity Home Loan, 407-688-6618 jason.scott@inthomeloan.com;

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

Gvest to Build Apartments in Charlotte, NC Arts District; NoDa Development to Capture Spirit of Eclectic Community

The Yards at No Da rendering
Charlotte, NC

CHARLOTTE, NC -- Gvest Partners plans to build a brand new 340-unit apartment community in the heart of Charlotte N.C.’s historic arts district. Construction is expected to start soon on The Yards at NoDa, a $37 million development in the NoDa district – home to the city’s most unique galleries, restaurants, bars and performing spaces.

John Bell

“We’re designing it to blend in with the spirit of the neighborhood,” said John Bell, Managing Director of Gvest’s Multifamily Group. “Noda is such a wonderful, walkable area – we’re working hard to make sure The Yards reflects its personality and vitality.”

The new multifamily residences will be adjacent to the 36th Street stop on the planned extension of the LYNX Blue Line.

The new leg of the light rail system, set for completion in 2017, will provide easy access between Uptown, Downtown and the nearby University of North Carolina.

University of North Carolina campus
Charlotte, NC

The development will have studio, one, two and three bedroom apartments. Amenities will include a resort-style pool, fitness center with the latest equipment, business center, clubhouse, landscaped gardens and more. The pet-friendly community will also have a dog park.

Gvest is providing the equity investment for the new development. The firm acquired the land for the apartments in an all-cash purchase last year. Wells Fargo bank provided construction financing.

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

Terri Thornton

terri@territhornton.com

 http://www.gvestpartners.com

.

124th and 125th New Condo Towers Proposed For South Florida Coastal Region

Planned Centro Condo
Downtown Miami
computer rendering

MIAMI, FL -- Developers are proposing a pair of unrelated new condo towers - the 36-story Centro project and the 38-story Bay House project - in the Greater Downtown Miami market, and in the process have bolstered the total number of planned South Florida condo towers to 125 since the real estate market crashed in 2007, according to a new report from CondoVultures.com.

With the newly announced towers, developers are now proposing - or have recently completed - at least 23 new towers with more than 7,850 condo units for the Greater Downtown Miami market that is defined as the Julia Tuttle Causeway south to the Rickenbacker Causeway, and Biscayne Bay west to Interstate 95, according to the analysis based on the Condo Vultures® Official Condo Buyers Guide To Miami™.

Overall in South Florida, developers are now proposing nearly 17,100 units for the tricounty region of coastal Miami-Dade, Broward, and Palm Beach as of March 29, 2013, according to the Cranespotters.com Pre-construction Condo Projects Database™ compiled by the licensed Florida brokerage CVR Realty™.

Harvey Hernandez

In Greater Downtown Miami, developer Harvey Hernandez - who is currently building the 46-story Brickell House condo tower with 374 units - proposed the new 352-unit Centro project on the 100 block of Southeast First Street, according to the South Florida Business Journal.

The proposed Centro project - which is slated to go up on the site of the once proposed Loft 4 project from the previous condo boom - would not have onsite parking for residents, according to the Miami Herald.

Some three miles to the north, the Melo Group - which built the first new condo tower since the South Florida real estate crash in 2007 - has proposed the 164-unit Bay House tower on 27th Street in the Biscayne Boulevard Corridor of Greater Downtown Miami, according to marketing literature.

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

Condo Vultures® LLC

225 Midtown Building

225 NE 34th St., Suite 209B,

Downtown Miami, Florida, 33137.

PH: 800-750-0517.

ORION Property Partners Dominates 2012 Orange County, CA Office Leasing Market;

Jay Carnahan

IRVINE, CA -- ORION Property Partners, one of the premier commercial real estate  companies in Orange County, was involved in four of Orange County’s top 10 office lease transactions in 2012, according to CoStar’s top office lease rankings. 

All told, the firm handled more than 1.5 million square feet of leases in some of Orange County’s top tier office properties, completing 124 lease transactions during 2012. Notably, ORION was also involved in the largest office building sale in Orange County– The Michelson for $277 million.

Bob Thagard

Tenant industries involved in the leasing transactions encompassed some of the leading business sectors in the County including healthcare, biomedical and financial services.

“Our team performed incredibly well in 2012, especially considering that we are a boutique firm that provides a principal to principal alignment on every deal. 

"  Each of our principals has more than 25 years of experience, and our success is a testament to the long-standing relationships we have with most of the senior officers of companies and institutional property owners in this market ,” said Jay Carnahan, ORION’s managing partner.

“Thanks to our experience and strong relationships, we have an unmatched level of access to key decision makers. We are different from many brokerage firms in that our company takes a selective approach to who we service in order to closely align with our clients’ interests and to avoid conflicts of interest.  Our approach and long-term relationships are what allow us to out-perform much larger firms,” Carnahan added.

Bob Thagard, managing principal with ORION and one of the firm’s longest-tenured partners, was the top producer at ORION in 2012. Moreover, Thagard experienced his best year ever in his 25-plus year real estate career.

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

Darcie Giacchetto

Spaulding Thompson & Associates

949-278-6224

                                               

www.orionpropertypartners.com.

Essex Realty Group Brokers the Sale Of Retail Strip Center In Chicago, IL

  

Doug Fisher

 CHICAGO, IL- Essex Realty Group, Inc. is pleased to announce the sale of 11111-19 179th Street, a 6,015 square foot strip center located in Orland Park, Illinois, approximately 25 miles southwest of Chicago’s central business district. 

The property is situated close to the high-traffic intersection of Wolf Road and 179th Street and benefits from its close proximity to national retailers such as Jewel-Osco, Walgreens, Jimmy John’s and Starbucks.

Matt Welke

The property is a single-story, free-standing building containing two (2) commercial spaces measuring 1,215 square feet and 4,800 square feet, and includes approximately 34 exterior parking spaces.  Currently, the 1,215 square foot space is occupied by Great Clips.  The adjacent space was previously occupied by a Blockbuster video store.

 Doug Fisher and Matt Welke of Essex were the brokers in the transaction.  The price was approximately $650,000.

11111-19 179th Street, Orland Park, IL

 Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.

 Contact:

Douglas Fisher

Essex Realty Group, Inc.

773.305.4910

dougfisher@essexrealtygroup.com

www.essexrealtygroup.com

U.S. Foreclosure Inventory Increases 9% from a Year Ago in First Quarter, According to New RealtyTrac Report

Daren Blomquist

IRVINE, CA,  March 28, 2013 — RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties and real estate data, today released its first-ever U.S. Foreclosure Inventory Analysis, which shows nearly 1.5 million U.S. properties were actively in the foreclosure process or bank-owned (REO) in the first quarter of 2013, up 9 percent from the first quarter of 2012 but still down 32 percent from the peak of 2.2 million in December 2010.

“Delinquent loans that fell into a deep sleep after the robo-signing controversy in late 2010 are gradually coming out of hibernation following the finalization of the national mortgage settlement in April 2012,” said Daren Blomquist, vice president at RealtyTrac.

“The settlement provided some closure regarding accepted foreclosure processing practices, and as a result lenders have been reviving more of these delinquent loans and pushing them into foreclosure over the past 12 months, particularly in states where a lengthy court process has resulted in a bigger backlog of non-performing loans still in snooze mode.”

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

Jennifer von Pohlmann

949.502.8300, ext. 139

jennifer.vonpohlmann@realtytrac.com

Ginny Walker

949.502.8300, ext. 268

ginny.walker@realtytrac.com

Data and Report Licensing:

Data Sales Department

800.462.5193

datasales@realtytrac.com

National Retail Properties, Inc. Announces Convertibility Of Notes

ORLANDO, FL,  March 28, 2013 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN) (the "Company") today announced that the market price condition on its 5.125% Convertible Senior Notes due 2028 ("Notes") has been satisfied, and that the Notes will be convertible during the calendar quarter beginning April 1, 2013. 

The Notes are currently convertible at a rate of 39.515 shares of the Company's common stock per $1,000 principal amount of Notes.  Pursuant to the terms of the indenture, the conversion rate is subject to certain adjustments during the period in which the Notes are convertible.

Additionally, the Notes are redeemable by the Company beginning June 17, 2013.  The Company has not determined whether it will proceed with the redemption of the Notes, but, in order to avoid potential confusion in connection with payment of interest on June 17, 2013, the Company does not intend to redeem the notes prior to June 20, 2013.

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

investorrelations@nnnreit.com

Lincoln Property Company Southeast Brokers Atlanta Business Chronicle’s 20,000-Square-Foot Lease at Lenox Plaza in Buckhead, GA

 

Leigh Braswell

ATLANTA, GA (March 28, 2013) – Lincoln Property Company Southeast (Lincoln) has brokered the Atlanta Business Chronicle’s new 10-year lease of 20,000 square feet at Lenox Plaza, a nine-story, 100,882-square-foot office building in Atlanta’s Buckhead submarket, across from Lenox Mall.

 The paper, which is currently housed in the Atlanta Tech Village (formerly Ivy Place) building on Piedmont Road in Buckhead, is expected to move into its new space in August.

Sabrina Altenbach

 Leigh Braswell, a vice president at Lincoln Property Company Southeast, and Sabrina Altenbach, a leasing associate with the firm, represented HD Realty, the owner of Lenox Plaza, in the transaction.

 Ben Raney of Raney Cos. represented the BusinessChronicle and its parent company, Conde Nast, in the deal.

Tony Bartlett

The current tenant of the space, Lucas Group, exercised its termination option, and Lincoln was able to lease the space before it came on the market. The Business Chronicle chose Lenox Plaza in part because of the chance to place high-visibility signage on the building, according to Altenbach.

 Under Lincoln’s management and leasing, Lenox Plaza has led the Buckhead submarket in absorption for the past two quarters, and the building’s occupancy rate has increased from 50 percent to 80 percent leased in that time.

“Sabrina and Leigh have done a tremendous job with Lenox Plaza, and the addition of such a prominent tenant should only serve to further increase interest in this outstanding property,” said Tony Bartlett, a senior vice president of Lincoln Property Company Southeast. 

“We are extremely proud of the job we’ve done in improving this facility.”

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

Stephen Ursery

The Wilbert Group

E-mail: sursery@thewilbertgroup.com

Office: (404) 965-5026

Cell: (404) 405-2354

www.thewilbertgroup.com

John Ghiselli Named Director of Marcus & Milllichap’s National Office and Industrial Group in Los Angeles, CA

John Ghiselli

LOS ANGELES, CA, March 28, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has hired industry veteran John Ghiselli as a director of the National Office and Industrial Group in the West Los Angeles office.

 The announcement was made by Tony Solomon, regional manager of the firm’s West Los Angeles office.

            Ghiselli has been involved in more than $2.5 billion in commercial real estate transactions during his career, and will focus on expanding Marcus & Millichap’s office and industrial sales efforts in Southern California and throughout the United States.  

Tony Solomon

“John brings extensive knowledge and experience in all aspects of commercial real estate to Marcus & Millichap, and we are proud to have him on board to help drive our office and industrial sales transactions,” says Alan Pontius, managing director of the firm’s National Office and Industrial Group.

Alan Pontius

            Prior to joining Marcus & Millichap, Ghiselli was in charge of re-launching Lincoln Property Company’s Southern California operations in 2001, and was involved in high-profile transactions such as the acquisition, repositioning and ultimate sale of 915 Wilshire Blvd. in downtown Los Angeles and the sale of 331 Maple Drive in Beverly Hills.

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

Ben Johnson,

Marketing Director

(925) 953-1736

HFF closes $19.7 million sale of and arranges $14.6 million financing for Fountains at North Port in North Port, FL

Fountains at North Port, North Port, FL

MIAMI, FL – HFF announced today that it has closed the $19.7 million sale of and arranged a $14.6 million financing for the Fountains at North Port, a 312-unit, garden-style multi-housing community in North Port, Florida.

HFF marketed the property on behalf of the seller.  Symcor Capital Properties, Inc. purchased the property for $19.7 million free and clear of existing debt.

Matt Mitchell

 In addition, HFF assisted in securing a 10-year, fixed-rate loan on behalf of the buyer through GE Capital Real Estate. 

Proceeds from the loan were used to acquire the property.

The Fountains at North Port is situated on nearly 27 acres at 1015 Panacea Boulevard proximate to Interstate 75 in North Port. 

Jaret Turkell

Constructed in 2000, the property is 95 percent leased and consists of one-, two- and three-bedroom units averaging 923 square feet each. 

Community amenities include a clubhouse, computer center, fitness center, resort-style swimming pool and spa.

The HFF investment sales team representing the seller was led by directors Matt Mitchell and Jaret Turkell, and supported by real estate analysts Maurice Habif, Scott Wadler and Zach Nolan. 

HFF’s debt placement team representing the buyer was led by director Elliott Throne and associate director Todd Adams.

Zach Nolan

HFF’s Florida multi-housing and land group has closed more than $780 million of multi-housing transactions for the 12 months ending December 31, 2012, and the firm was also ranked as a top capital markets intermediary nationally by the Mortgage Bankers Association for the past five years.

Within the past 18 months, Symcor Capital Properties, Inc. has acquired over $45,000,000 of residential properties and is actively looking for new opportunities.

Todd Adams

Symcor expects to double their Florida portfolio within the next year. The principals at Symcor are hands on and bring their management expertise to each and every deal.

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

Kristen M. Murphy

Associate Director

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com

www.hfflp.com

HFF closes $40.75 million sale of Aston Woods in Silver Spring, MD

Aston Woods Apartments, Silver Spring, MD

WASHINGTON, D.C. – HFF announced today that it has closed the sale of Aston Woods, a 261-unit, garden-style multi-housing community in Silver Spring, Maryland.

HFF marketed the property on behalf of the seller, Waterton Associates, LLC.  Azure Partners LLC purchased the asset for $40.75 million free and clear of existing debt on the property.

Aston Woods is located at 3411 Gateshead Manor Way near major transportation routes including the Intercounty Connector, Interstate 95 and Interstate 270, which provide access to the entire Washington, D.C. and Baltimore metropolitan areas. 

David Nachison

Originally constructed in 1986, the property has received nearly $3 million in capital improvements during the past five years, including interior unit renovations as well as significant improvements to the common area amenities and building systems.

 The 94 percent leased property includes one- and two-bedroom units averaging 864 square feet each.  Community amenities include a clubhouse, resort-style swimming pool with sundeck, indoor spa, state-of-the-art fitness center, play area, jogging trail and outdoor sport court.

Alan Davis

                The HFF team representing Waterton Associates was led by senior managing directors David Nachison and Alan Davis and director Brenden Flood.

                “Aston Woods has seen the successful implementation of a renovation program that still provides room to increase rents through modest additional upgrades, and its appeal has been improved by major area road improvements in the region including the Intercounty Connector that now links the I-270 corridor with the I-95 corridor,” Nachison stated.  

“Aston Woods’ location in one of Montgomery County’s closest submarkets to the job growth being felt around Fort Meade, has also expanded its draw from employment growth on the military base, and a growing contractor base focused on national security,” continued Nachison.

Brenden Flood

Waterton Associates, LLC is a Chicago-based investment firm specializing in the ownership and management of multifamily properties.  Waterton has participated in the acquisition, disposition and financing of apartment properties located throughout the United States.

Azure Partners LLC (Azure) is a real estate private equity firm focused on the acquisition and management of real estate assets within high-growth markets in the United States.  Founded in 2010 by Michael Dennis and Arthur Rosenberg, Azure currently owns interests in real estate valued at $250 million encompassing multi-housing and office assets in the United States and Western Europe.

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

Kristen M. Murphy

Associate Director

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com

www.hfflp.com