HFF closes $24.3 million sale of Seattle area multi-housing community

                  Watercrest Apartments, 14812 Bothell Way, Lake Forst Park, WA

PORTLAND, OR – HFF announced today that it has closed the sale of Watercrest Apartments, a 174-unit, garden-style multi-housing community in Lake Forest Park, a suburb of Seattle, Washington.

Ira Virden

                HFF marketed the property on behalf of the seller, Guardian Real Estate Services. Weidner Apartment Homes purchased the property for $24.3 million free and clear of existing debt.

                Watercrest Apartments is located at 14812 Bothell Way less than 1,000 feet from the north shore of Lake Washington in Lake Forest Park.  Built in 1968 and most recently renovated in 2008, the property features lake views and 174 one-, two- and three-bedroom units averaging approximately 906 square feet each.  

Dean Weidner

Community amenities include a swimming pool, sauna, 24-hour fitness center, covered parking and clubhouse.

                The HFF investment sales team was led by director Ira Virden and senior real estate analyst Kerry Hughes.

“This property offered investors an excellent opportunity to acquire a well-located, recently renovated asset with value left to be created.  This property will benefit from the booming economic climate in Seattle, which will further drive NOI growth,” commented Virden.

                Established in 1971 and headquartered in Portland, Oregon, Guardian Real Estate Services has evolved into a leading management, development and investment firm. 

  The company offers a diversified real estate service platform including property management, investments, development and advisory services.  Guardian delivers custom solutions by offering a higher level of expertise, resources and creative capacity to develop a unique approach for each client. 

Weidner Apartment Homes, founded in 1977 by Dean Weidner, is an owner, investor and manager of multi-housing properties. Currently ranked #36 on the NMHC Top 50 list of apartment owners, Weidner owns more than 35,000 units throughout the United States and Canada.

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

HSA Commercial Breaks Ground on a 270,000 SF Adaptive Reuse Retail Development in Suburban Milwaukee, WI

The Mayfair Collection rendering, Wauwatosa. WI  

CHICAGO, IL (April 22, 2013)— Officials from HSA Commercial joined leaders from the City of Wauwatosa to celebrate the groundbreaking of Phase I of The Mayfair Collection, a large-scale, mixed-use development at Highway 45 and Burleigh Street in suburban Milwaukee, Wis.

Timothy C. Blum

Phase I of the project will consist of adaptively repurposing functionally obsolete warehouse buildings along Highway 45 into new, contemporary retail environments that, through innovative design, celebrate the property’s industrial heritage.

 The Mayfair Collection project has attracted interest from unique, best-in-class retailers seeking their first locations in suburban Milwaukee and in the trade area of nearby Mayfair Mall, the primary regional shopping destination in the state of Wisconsin.

Nordstrom Rack, Dick’s Sporting Goods, Ulta Cosmetics, and other category-leading retailers have signed leases for the development’s first phase which is scheduled to open in the summer of 2014.

 “Our leasing efforts target the best possible retailers that will keep the Mayfair Mall trade area at the center of the retail universe in Wisconsin,” said Tim Blum, executive vice president with HSA Commercial.

 “Attracting that type of regional traffic will be essential in kick-starting a long-term development plan that achieves the ambitious vision that we share with the community of Wauwatosa.”

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

Mark Thomton,

mthomton@taylorjohnson.com,

(312)-267-4523    

Modus Hotels Partners with Alex. Brown Realty to Acquire The Normandy Hotel in Dupont Circle, Washington, D.C.

                          Normandy Hotel, 2118 Wyoming Ave. NW, Washington, DC

Washington, D.C.  (April 22, 2013) -  Modus Hotels, the Washington, D.C.-based owner and operator of lifestyle hotels and Alex. Brown Realty (ABR), a Baltimore, Maryland-based real estate manager, have acquired the 75-room Normandy Hotel for $16 million, or a cost of $213,000 per key. 

Aaron Katz

ABR Chesapeake Fund IV, a value-added real estate fund sponsored by ABR, invested in the venture.

Located in the Kalorama and Dupont neighborhoods of Washington, D.C., the acquisition brings Modus’ growing portfolio to thirteen hotels, with seven in the metro D.C. area.

  “Recently having undergone a $6 million renovation, The Normandy reflects a sophisticated personality and style and is a perfect complement to our expanding collection of distinctive, lifestyle hotels,” commented Aaron Katz, president and CEO of Modus Hotels.

Avenue Suites Georgetown, Washington, DC

 “We continue to have a strong appetite for properties in destination marketplaces with high barriers to entry at below replacement costs where we feel we can add value through a combination of superior management and, when necessary, material property improvements.”

                                   Brookshire Hotel and Suites, Baltimore, MC

 Located at 2118 Wyoming Avenue, N.W., The Normandy Hotel joins the Modus Hotels’ collection of upscale lifestyle properties operating in D.C., Baltimore, Chicago and Philadelphia, which include such hotels as The River Inn, Avenue Suites Georgetown, The Quincy, The Windsor Suites and The Brookshire Hotel and Suites, Inner Harbor Baltimore.

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

Chris Daly

President

Daly Gray, Inc.

Ph: 703-435-6293

Cell: 703-864-5553

www.abrealty.com

http://modushotels.com

Ackerman & Co. Sells Fresh Market in Winston Salem, NC for $4.6 Million

     

                                            Fresh Market, Winston Salem, NC

Atlanta, GA– Ackerman & Co has brokered the sale of a 21,018-square-foot grocery store in Winston Salem, NC for $4,640,000 to The Fresh Market.

Sean Patrick

Part of the Mount Tabor Place Development, the  property is located along the busy Robinhood Road Corridor near Wake Forest University and is adjacent to major retailers CVS, Starbuck’s, PNC Bank.

The Ackerman & Co. investment sales team of Sean Patrick and Jason Powell represented the seller (and developer), Mount Tabor Place II, LLC in the transaction.

Jason Powell

The property was purchased by COLE Capital. This sale represented unique ability to purchase a single-tenant Fresh Market with great sales in a strong submarket. 

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

Fara Wilson,

VP of Marketing

770. 913.3904  | 

fwilson@ackermanco.net

 www.ackermanco.net

3 Condo Towers With 600 Units Proposed For Greater Downtown Miami Area

Proposed Echo Brickell condos rendering, Miami, FL

MIAMI, FL -- With at least 125 new condo towers already proposed for South Florida since the real estate crash of 2007, a trio of different developers have announced plans to build three additional towers with a combined 600 more units in the Greater Downtown Miami market and the neighborhood to the north, according to a new report from CondoVultures.com.

Proposed 4300 Biscayne Boulevard Condos, Miami, FL

The newly proposed condo towers - Echo Brickell, an unnamed project near the Habitat Residences, and the 4300 Biscayne Boulevard - come at a time when a pair of development sites fronting Biscayne Bay have recently traded for at least $29 million each in the Biscayne Boulevard Corridor of Greater Downtown Miami within a two-week period, according to a new CondoVultures.com report.

Julia Tuttle Causeway, Miami, FL

In the Greater Downtown Miami market, developers are now proposing - or have recently completed - at least 25 new towers with nearly 8,300 condo units in a area that is defined as the Julia Tuttle Causeway south to the Rickenbacker Causeway, and Biscayne Bay west to Interstate 95, according to the Cranespotters.com Preconstruction Condo Projects Database™ compiled by the licensed Florida brokerage CVR Realty™.

Downtown Miami night skyline

An additional three condo tower with a combined 325 units have been proposed for sites just north of the Greater Downtown Miami boundary of the Julia Tuttle Causeway, according to Cranespotters.com.

Overall in South Florida, developers are now proposing nearly 17,700 units for the tricounty region of coastal Miami-Dade, Broward, and Palm Beach as of April 20, 2013, according to the Cranespotters.com Preconstruction Condo Projects Database™ compiled by the licensed Florida brokerage CVR Realty™.

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

Condo Vultures®

225 Midtown Building

 225 NE 34th St., Suite 209B,

Downtown Miami, Florida, 33137.

800-750-0517.

Feeling Less Distress: CRE Lawyers Say Their Work Is Shifting Away from Troubled Assets

  

Michael Bull

 ATLANTA, GA– Commercial real estate lawyers are doing less work with distressed assets and are instead spending more hours on leases and investment sales.

 That was one of the points made by a panel of attorneys on the most recent episode of the “Commercial Real Estate Show” radio program, hosted by Michael Bull of Bull Realty.

The episode provided an enlightening look at the various legal issues confronting the commercial real estate sector. Topics included loan workouts, selling and buying notes, foreclosures and the most pressing lease issues.

Andrew Litvak

  “The last few years have definitely been a turn for the better,” said Andrew Litvak, a partner with the Nelson Mullins law firm. “We’re seeing more of what I would characterize as good work: leasing activity, investment sales and purchases. There’s still a lot of pent-up distressed real estate and problems to be worked out, but it seems to be tapering off.”

Jeffrey Schneider

When faced with troubled assets, many lenders are choosing to sell notes instead of foreclosing on the underlying properties, as foreclosure can be an expensive process that exposes them to the risks and hassles of property ownership. 

Someone thinking of buying such a note should be prepared to perform rigorous due diligence, especially when, as is often the case, the loan was between a bank and a borrower who have enjoyed a long and friendly relationship, said Jeffrey Schneider, a partner with the Weissman Nowack Curry & Wilco law firm.

Michael Ward

 “You’ve got to really drill down on the loan-servicing side,” Schneider said. “Make sure there aren’t any handshake agreements to waive penalties or payments. Get as much loan-servicing information as you can get.”

 Due diligence can become especially complicated and time-consuming when buying a large portfolio of loans, because the underlying assets typically are scattered across several states, said Michael Ward, who is of counsel at the Greenberg Traurig law firm. “From a legal side, the sheer due diligence … can be fairly intensive,” Ward said.

Carter Stout

 Such large loan portfolios usually are aggressively pursued by several bidders, Ward added. “You’re going to have two, three or four large players going after that one portfolio, and they’re very competitive,” he said.

 Lenders generally are more willing to make loans these days but they also have beefed up their loan covenants, said Carter Stout, real estate practice leader at the Stout Atwood LLC law firm. By and large, borrowers don’t have much negotiating power to make those covenants less severe, Stout added.

 “The practical reality is, generally, there are very few sources of money out there, and [borrowers] are stuck with a small group of lenders who are going to insist on certain covenants,” Stout said.

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

Stephen Ursery

The Wilbert Group

404.965.5026

sursery@thewilbertgroup.com

Hotel Connections to Move Headquarters to 6100 Waterford at Blue Lagoon in Miami, FL

6100 Waterford at Blue Lagoon, Miami, FL

MIAMI, FL     April 19, 2013 – Hotel Connections, Ltd, a global provider of hotel accommodations for the crews of the aviation and other travel industries, has relocated their corporate headquarters in Miami to 6100 Waterford leasing 8,379 square feet, announced Jeannette Mendoza of Taylor & Mathis the property’s exclusive leasing agent.

Miami International Airport

“A location easily accessible to Miami International Airport was the driving factor in our headquarters search,” stated Hotel Connections CEO Kenneth Shanley.

.  Ryan Ackerman of CBRE co-brokered the transaction representing Hotel Connections, while Taylor & Mathis’ Jeannette Mendoza represented building owner MetLife.  

 6100 Waterford is located across from Miami International Airport within the 250-acre Waterford at Blue Lagoon corporate park. MetLife owns three buildings referred to as The Atrium Buildings: 6100, 6303 & 6505 Waterford. The properties recently underwent a million dollar renovation.

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

Jeannette Mendoza |

(305)267-8062 |

jmendoza@taylormathis.com

www.TaylorMathis.com

www.hotelconnections.com

Berger Commercial Realty Broker Judy Dolan Closes Three Leases in Fort Lauderdale, FL and Hollywood, FL

Judy Dolan

FORT LAUDERDALE, FL- Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced three new lease transactions from broker Judy Dolan. The properties are:

 3400 S.W. 26 Terrace, Suite A-5/6, Fort Lauderdale, FL 33312 Landlord: Merrill Industrial Center Inc. Tenant: Distinctive Logistics Type: Warehouse Transaction: Expansion Square Footage: 9,321

 3406 S.W. 26 Terrace, Suite C-11, Fort Lauderdale, FL 33312 Landlord: Merrill Industrial Center Inc. Tenant: State Energy Concepts Type: Warehouse Transaction: New Lease Square Footage: 4,071

 1928 Hollywood Boulevard, Hollywood, FL 33020 Landlord: Sarah Baxt, Trustee,  Tenant: Pizza Rustica Type: Retail Transaction: Lease Renewal Square Footage: 1,738

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

 Marielle Sologuren

Pierson Grant Public Relations

msologuren@piersongrant.com

(954) 776-1999, ext. 226

www.bergercommercial.com

.

Annaly and CreXus Announce Final Results of Annaly Tender Offer

Wellington J.
Denahan

NEW YORK, NY--(BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly”) and CreXus Investment Corp. (NYSE:CXS) (“CreXus”) announced the final results of the tender offer (the “Offer”), which commenced on March 18, 2013 and expired at 5:00 PM ET on April 16, 2013, whereby through a newly formed subsidiary, CXS Acquisition Corporation (“Acquisition”), Annaly offered to purchase all the shares of CreXus that Annaly does not already own.

Annaly has accepted for purchase 55,225,336 shares of CreXus’ common stock at a purchase price of $13.05206 per share, for an aggregate cost of approximately $720.8 million, excluding fees and expenses relating to the Offer. 

The 55,225,336 shares accepted for purchase in the tender offer increase Annaly’s direct and indirect ownership to approximately 84.5% of CreXus’ common stock.

The final Offer price of $13.05206 per share consists of a price per share of $13.00 plus a payment in lieu of a prorated CreXus dividend of $0.05206 for the period from March 29, 2013 through April 16, 2013 (the date the Offer expired). 

The payment in lieu of a prorated dividend is based on the dividend of $0.25 per share that CreXus paid to holders of record on March 28, 2013, the calendar quarter immediately before the date the Offer expired.

“The expiration of this tender offer and anticipated subsequent closing of a merger between Annaly and CreXus is a meaningful next step in the evolution of Annaly’s capital allocation strategy,” said Wellington J. Denahan, Annaly’s Chairman and Chief Executive Officer.

 “We estimate that this acquisition will be accretive to the 2013 dividend, and the true benefits to the Annaly shareholder will be further realized as we continue to build upon our existing commercial real estate platform.”

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

Annaly Capital Management, Inc.

Investor Relations

1-888-8Annaly

www.annaly.com

Beech Street Capital Closes $8.6 Million Fannie Mae Loan to Refinance Florida Apartments

                                                           

                                  Enclave at St. Lucie West Apartments, Port St. Lucie, FL

BETHESDA, MD – Beech Street Capital, LLC announced it closed an $8.6 million Fannie Mae conventional loan to refinance the Enclave at St. Lucie West, a 90-unit property in Port St. Lucie, Florida.

Mitch Sinberg

Senior Vice Presidents Mitch Sinberg and Michael Wallace, headquartered in Beech Street’s Fort Lauderdale office, originated the transaction.  

 The deal was complicated by the fact that the property was originally planned and developed as a condominium.

  When the first phase was completed in 2007 and only two of the 28 units were sold, it was clear to the principals that the property would be more successful as a Class A rental community. 

As a result, all the apartments in the remaining three phases were marketed as rentals.  The Beech Street team determined that Fannie Mae financing would be the most advantageous approach for the client.

Michael Wallace

“Working in Florida, Michael and I have had extensive experience dealing with fractured condos,” Sinberg says.  “We were able to help the client put in place a structure that increased Fannie Mae’s comfort level with the deal.” 

They stressed that the borrowers had full control over the HOA and the right of first refusal if the two units owned by third parties were sold.

 “Mitch, Michael, and the entire Beech Street team were a pleasure to work with,” says Jerry Rich, one of the principals.  “The level of expertise and experience they brought to the transaction helped ensure that it proceeded as smoothly and as quickly as possible.”

 The Enclave at St. Lucie West is located in a desirable Port St. Lucie area.  Its neighbors include two of the city’s most popular attractions: PGA Golf Village and New York Mets spring training center.

 The property itself is in excellent condition and is attractively landscaped.  Interior amenities include ceiling fans, granite countertops in select units, washer/dryer connections, nine-foot ceilings, walk-in closets, double sinks in master bathrooms, patios, and private one- or two-car garages.

The fixed-rate loan has a 10-year term and 9.5 years of yield maintenance with 30 years of amortization, payable on an actual/360 basis.

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

Courtney Lewis at

 240-507-1948

Jenifer Bernardi

240-507-1946.

 www.beechstcap.com

Marcus & Millichap Sells Six-Unit Apartment Building for $1.1 Million on Isle of Venice in Fort Lauderdale, FL

                                                          

86 Isle of Venice Apartments, Isle of Venice, Fort Lauderdale, FL

FORT LAUDERDALE, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of 86 Isle of Venice, a six-unit apartment property located in Fort Lauderdale, FL. The asset commanded a sales price of $1,100,000 representing $183,333 per unit.

Joseph P. Thomas

Associate Vice President Investments Joseph P. Thomas in Marcus & Millichap’s Ft. Lauderdale office had the exclusive listing to market the property on behalf of the seller, a private investor from Fort Lauderdale, FL. 

The buyer, a limited liability company from Pompano Beach, FL, was secured and represented by Joseph Thomas and Adam Duncan, an investment specialist also in the firm’s Ft. Lauderdale office. 

86 Isle of Venice is a six-unit apartment building with 60 feet of canal frontage and four rental boat slips located just north of Las Olas Boulevard.

Adam Duncan

The surrounding area is comprised of high-end single-family homes, condominiums and townhomes, along with a few scattered apartment buildings and hotels. The unit mix consists of one studio, two one-bedroom/one-bath apartments, one one-bedroom/two-bath apartment, one two-bedroom/two-bath apartment and one two-bedroom/two-bath townhouse.

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

Gregory Matus

Regional Manager / Vice President,

Fort Lauderdale, FL

(954) 245-3400

HFF closes sale of two Class A residential towers in Manhattan’s Upper West Side

The Aldyn, Upper West Side, Manhattan

NEW YORK, NY – HFF announced today that it has closed the sale of The Aldyn and The Ashley, two newly-developed, Class A residential towers totaling 345 rental units in Manhattan’s Upper West Side.

        The Ashley, Upper West Side, Manhattan

                HFF marketed the properties exclusively on behalf of the seller, a joint venture between a global investment management firm and The Carlyle Group.  GID purchased the offering for an undisclosed amount free and clear of existing debt.

Andrew
Scandalios

                The towers are located along Riverside Boulevard between 62nd and 63rd Streets in the River South neighborhood on the Upper West Side.  Completed in 2010, the towers include a mixture of studio, one-, two-, three- and four-bedroom units averaging 1,002 square feet each.

 In addition to its 136 rental units, the Aldyn includes 150 condominium units, which are not included in this transaction.

Jose Cruz

The two towers have a total of 11,959 square feet of retail space and feature amenities such as a 24-hour doorman, concierge services, resident lounges, landscaped interior courtyard with sun decks and a parking garage. 

The properties also include LA PALESTRA, a 40,000-square-foot athletic club and spa offering state-of-the-art fitness equipment, indoor pool, game room, bowling alley, rock climbing wall, basketball court, golf simulator, squash court and spa service rooms.

Jeffrey Julien

                 The HFF team representing the seller was led by senior managing directors Andrew Scandalios and Jose Cruz along with managing directors Jeff Julien and Kevin O’Hearn and executive managing director Matthew Lawton.

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $170 billion of assets under management across 113 funds and 67 fund of fund vehicles as of December 31, 2012. 

Kevin O'Hearn

Carlyle’s purpose is to invest wisely and create value.  Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. 

Carlyle has expertise in various industries including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation.  The Carlyle Group employs 1,400 people in 33 offices across six continents.

Matthew Lawton

GID is a privately-held, globally diversified and fully-integrated real estate organization founded in 1960 that employs more than 650 real estate professionals in multiple offices throughout the United States.

 During its 52-year history the company has acquired or developed more than 54,000 residential units and in excess of 13 million square feet of commercial space. 

As of December 31, 2012, GID controls a real estate portfolio consisting of 94 properties located in 17 states, and totaling more than 35 million square feet comprised of more than 19,000 residential units (including 466,315 square feet of commercial and retail space) and more than 3.9 million square feet of commercial space.

 In addition, GID has more than 12 million square feet of fully entitled properties in its development pipeline.

 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

Mary Jane Olhasso Named Assistant Executive Officer of Finance and Administration for the County of San Bernardino; Kelly Reenders, deputy director, Economic Development Department, Tapped to Succeed Ms. Olhasso as EDA Administrator

  

Kelly Reenders

 County of San Bernardino, CA-- Mary Jane Olhasso, the County of San Bernardino’s Economic Development Agency Administrator, will be promoted to the position of Assistant Executive Officer of Finance and Administration as announced by County Chief Executive Officer Greg Devereaux.

 Ms. Olhasso came to the County of San Bernardino in April 2010. 

As the administrator for the Economic Development Agency, Ms. Olhasso has worked to fulfill the Countywide Vision, focusing on those programs and efforts that support and build a vibrant economy with a skilled workforce. 

MJ Olhasso

During her tenure she and her team have brought millions of dollars in new revenue to the county, overseen a nationally-recognized Workforce Development Department, and guided critical resources to revitalize local communities.

Mr. Devereaux has appointed Kelly Reenders, deputy director, Economic Development Department, to succeed Ms. Olhasso as EDA Administrator. 

Ms. Reenders has been responsible for developing and implementing the County’s economic development strategy and encouraging investment in the County’s communities. 

Greg Devereaux

Previously, Ms. Reenders held the positions of Redevelopment Manager and Economic Development Manager for the City of Ontario.  

Ms. Reenders has been working in economic development for more than eight years.  She currently serves on the CoreNet Global Southern California board as Chair-Elect.

 Ms. Olhasso and Ms. Reenders, as part of their leadership roles, will continue to play a significant role in fulfilling the Countywide Vision. County of San Bernardino Government worked closely with the County’s 24 cities and towns, residents, and community leaders to create a Countywide Vision (www.sbcounty.gov/vision) that envisions a complete county designed to capitalize on the diversity of its people, its geography, and its economy.

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

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

www.SBCountyAdvantage.com

.

Carter Awarded Three New Higher Education Projects

  

.                                         Agnes Scott College, Decatur, GA

 ATLANTA, GA – Carter, one of the nation’s leading real estate investment, development and advisory firms, has been selected to provide program/project management services for three colleges in Georgia — Agnes Scott College, Berry College and Spelman College.

The Girls of Berry College, Rome, GA

The company will provide a range of services including design and construction management, site selection, and furniture, fixtures and equipment coordination.

 “There continues to be a strong demand for traditional program management services within the higher-education sector,” said John Jokerst, senior vice president of development at Carter.

 “With ever-changing and evolving project types, as well as the shift in how higher education projects are funded, Carter’s ability to adapt to changes and provide the same level of service to our clients enables us to maintain our trusted partnerships with these institutions. In fact, 80 percent of our higher education clients are repeat clients, including the three named here.”

Spelman College, Atlanta, GA

At Agnes Scott College in Decatur, Ga., Carter has been selected to provide program management to guide the design and construction for the renovation of Campbell Hall, a four-story former science building.

 The 51,450-square-foot building will be transformed into an innovative living and learning center, which will include student housing, academic classrooms and collaborative meeting spaces. 

John Jokerst

Carter has partnered with Agnes Scott for more than 15 years, managing more than $150 million in capital improvements and delivering every project on schedule and under budget.

 For Berry College in Rome, Ga., Carter is currently working on project management for the renovation of the Richards Memorial Gymnasium, which will include offices for Berry College athletic teams, a 4,000-square-foot weight room, a 3,000-square-foot locker room, grass practice fields and an indoor practice/training facility. 

Scott Taylor

Carter has also been working with Berry on an athletic stadium for its new NCAA Division III football program. 

Carter has provided program/project management services for several different kinds of projects at the college, including student housing, a student recreation center, dining and academic facilities.

 In Atlanta, Spelman College selected Carter as a program manager to oversee the redevelopment of the 53,000-square-foot Read Hall into a wellness center. 

 Carter’s higher-education group has managed over $2.5 billion in new projects and capital improvements on more than 70 projects at 30 different campuses.

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

Tony Wilbert

The Wilbert Group

404-888-3091

twilbert@thewilbertgroup.com

www.carterusa.com

Lawson Dann of Morrison Commercial Real Estate Completes 23,000-SF Industrial Warehouse Sale for $825,000

  

Lawson Dann

 ORLANDO, FL --  Morrison Commercial Real Estate announced the completion of a 23,000 SF industrial warehouse sale for $825,000.

 Lawson Dann of Morrison Commercial Real Estate closed a 23,000 SF industrial warehouse sale for $825,000 ($35.87 per SF) last month.  The sale consisted of a 23,000 SF showroom/warehouse and an additional 9,000 SF open overhang.

 The property, 12475 W. Colonial Drive, is located on Highway 50, near the intersection of the Florida Turnpike and State Road 429 in Winter Garden.  Dann represented both Cody Company, Inc. (Seller) and US Tire Imports, Inc. (Buyer).

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

 Jennifer Eubanks

Phone: 407.219.3500

Email:  jeubanks@morrisoncre.com