Michael T. Fay Receives Global Recognition for Achievements through Colliers Asset Resolutions Team (CART)

                                                                    Michael T. Fay

MIAMI, FL -- Michael T. Fay, Chairman and Founding Partner of Colliers International South Florida, was honored in April with a global referral award for his initiatives through Colliers Asset Resolutions Team (CART).

Doug Frye

Doug Frye, Global CEO of Colliers International, presented the award to Fay for referring the most business throughout the globe from his relationships with various lenders and clients.

"Michael Fay has developed senior relationships that have created many opportunities for Colliers' business lines including brokerage, valuation and property management," Frye said.

 

Fay and his CART team maintain significant relationship with many of the world's largest commercial mortgage servicers, which include LNR, C-III Capital Partners, CW Capital, and Midland Servicers, as well as Fay's other corporate clients.

"With commercial real estate debt of more than $1 trillion expected to mature over the next five years, Colliers International expects to see continued revenue growth from initiatives handled through CART. Our opportunities to assist with asset resolutions will only increase over the next several years," said Fay.

 For a complete copy of the company’s news release, please 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’s Patti Neal Named one of Building Design + Construction’s “40 under 40”

                                                                   Patti Neal

 ATLANTA, GA (May 13, 2013) – Carter, one of the country’s leading real estate investment, development and advisory firms, is pleased to announce that Patti Neal, senior vice president of development, has been named one of Building Design + Construction’s 2013 “40 Under 40,” recognizing the “AEC superstars” in the profession.

Bob Peterson

Building Design + Construction announced on May 9 that Patti was chosen as one of 40 winners from across the country who have distinguished themselves by their career achievements, service to their professions and communities, and active participation in charitable work. The magazine said the winners represent the next generation of leadership in the AEC industry.

“Being selected among such a great group of people is an honor, especially when it reflects performance for something that you love to do,” Patti said.

The Banks, Cincinnati, OH

Working at Carter has given me the opportunity to be a part of many great, challenging projects that force you to be creative and find better ways of doing things. I am thankful for all of the people I’ve been able to work with over the years that have helped me achieve success.”

The magazine called Patti a “Real Estate Standout” for her various achievements. She has successfully delivered over $1 billion in development projects ranging from office and medical space to mixed-use and residential. 

Her skills include budget development and management, contract negotiations, scheduling, designer and contractor relations and management of construction delivery.

Highpoint on Columbus Commons
Rendering, Columbus, OH

A 13-year veteran of the company, Patti has overseen the design and construction for some of the company’s biggest mixed-use projects, including The Banks in Cincinnati, Ohio; Highpoint on Columbus Commons in Columbus, Ohio; and Piedmont West in Atlanta.

“Patti is a phenomenal associate who has approached all of her work at Carter with diligence and enthusiasm for decades,” said Bob Peterson, chairman and CEO of Carter.

 “She has not only risen from a project engineer to senior vice president at one of the country’s leading investment, development and advisory firms in a mere 13 years, but she has also prevailed amidst the worst recession to hit the commercial real estate industry in decades. 

Piedmont West, Atlanta, GA

"She’s had great success in her personal life as well, raising three great children and completing the Ironman in 2012. She is truly a wonderful role model.”

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

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

Savannah Duncan

The Wilbert Group

sduncan@thewilbertgroup.com

www.carterusa.com

Essex Realty Group Brokers Sale Of Mixed-Use Building in Chicago, IL

1845 North Western Avenue, Chicago, IL

Doug Fisher

Jason Fishleder

CHICAGO, IL, May 13, 2013- Essex Realty Group, Inc. is pleased to announce the sale of 1845 N. Western, a new-construction,  mixed-use building located in Chicago’s Bucktown neighborhood. 

The property is situated on the southeast corner of Western and Winnebago Avenues, and is conveniently located less than one block from the CTA Western-O’Hare Blue Line Station and multiple bus stops along Western and Milwaukee Avenues.

The Subject Property consists of twelve 3 bedroom units and three commercial units.  The offering also included 19 garage parking spaces.

Douglas Imber

Doug Fisher and Jason Fishleder of Essex represented the seller and Doug Imber and Kate Varde of Essex represented the buyer in the transaction.  The price was approximately $4,500,000.

Kate Verde

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

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

Douglas Fisher

Essex Realty Group, Inc.

773.305.4910

dougfisher@essexrealtygroup.com

www.essexrealtygroup.com

Kubicki Draper Relocating to Northbridge Centre in Downtown Palm Beach, FL

                                  Northbridge Centre, Downtown Palm Beach, FL

WEST PALM BEACH, Fla. – Gaedeke Group LLC has secured the prestigious Kubicki Draper as its 19th law firm tenant for the 21-story Northbridge Centre, a downtown landmark within steps of the Palm Beach Judicial Center.

Jeff Holding

The Miami-based law firm has signed an eight-year lease for 10,273 sf on Northbridge Centre's 18th floor, gaining class A office space with dynamic views of the Intracoastal Waterway and Atlantic Ocean. The 13-attorney office, one of Kubicki Draper's 11 in the state, is planning an Aug. 1 move-in to 515 N. Flagler Dr.

"The main desire was relocation into the downtown area. Northbridge stood out due to its strength of ownership, quality of asset and location," says Jeff Holding, senior vice president in CBRE's Fort Lauderdale office.

Jeffrey Kelly

He and CBRE's Jeffrey Kelly, a senior vice president in the Boca Raton office, represented Kubicki Draper in its one-year search for a downtown address. The law firm will exit 1645 Palm Beach Lakes Blvd., its original location in the city.

Kubicki Draper, established in 1963, launched the West Palm Beach office more than 20 years ago to serve the counties of Indian River, Martin, Okeechobee, Palm Beach and Saint Lucie. 

Recognized as one the state's leading law firms, there are more than 90 attorneys and 175 support staff in its offices in Key West, Fort Lauderdale, Fort Myers, Naples, Tampa, Orlando, Ocala, Jacksonville, Tallahassee and Pensacola.

Kirk Fetter

"Law firms are naturally drawn to Northbridge Centre because it's so close to the judicial center. Gaedeke adds to that competitive edge by providing a well-maintained building with best-in-class tenant services and amenities," says Kirk Fetter, vice president of leasing for the Dallas-based landlord.

The 288,233-sf office Northbridge Centre is one of 14 properties in the class A office portfolio with an Energy Star rating, which was first earned in 2008, and one of four to attain BOMA 360 Performance status.

With sustainable building practices as part of its mission, Gaedeke has submitted Northbridge Centre for LEED certification in an ongoing bid to "green" as much of the three million-sf portfolio as possible.

 To date, the U.S. Green Building Council has issued LEED certifications to seven buildings in the portfolio, including Gaedeke's first LEED Silver, which was recently awarded to Regency Plaza in Dallas.

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

Kirk Fetter

 561-515-7407

Sales Of Developer Units Slow In Sunny Isles Beach, FL As New Condos Proposed

MIAMI, FL -- As Sunny Isles Beach developers proceed with plans for nearly 1,200 proposed condos, sales of unsold developer units created during the last construction boom in this barrier island city in Northeast Miami-Dade County transacted in 2013 at their slowest first quarter pace in nine years, according to a new report from CondoVultures.com.

Developers sold less than 35 new units for nearly $20.3 million in Sunny Isles Beach between January and March of 2013 compared to nearly 65 units for $56.8 million in the first quarter of 2012 and nearly 70 units for $67.8 million in the first quarter of 2011, according to an analysis of Miami-Dade County records.

Compare this to the same January-through-March period of the five previous years when developers sold anywhere from 100 units to 540 units, respectively, between 2005 and 2009. In the first quarter of 2004 as the previous South Florida construction boom was gaining momentum, developers transacted - and recorded with Miami-Dade County - less than a dozen new condo unit sales for about $5.9 million, according to the report.

Peter Zalewski

"The Sunny Isles Beach condo market is highly competitive right now as unsold developer inventory from the last boom, newly proposed towers, and condo resales are all competing for buyers," said Peter Zalewski, a principal with the Greater Downtown Miami-based real estate consultancy Condo Vultures® LLC. 

"It remains unclear whether developer condo sales of boom-era units are slowing as a direct result of the wave of new projects being proposed for Sunny Isles Beach. The unanswered question going forward is whether buyers will prefer to purchase units built during the last condo boom that started in 2003 instead of new units being proposed during this latest construction boom."

 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.

800-750-0517.

Marcus & Millichap Sells 15-Unit Apartment Building in Oakland Park, FL for $1.02 Million

16-Unit Apartment Building, Oakland, Park, FL

OAKLAND PARK, FL, May 10, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a 16-unit apartment property located in Oakland Park, FL. The asset commanded a sales price of $1,020,000.

Joseph P. Thomas

Joseph P. Thomas, an Associate Vice President Investments, and Adam Duncan, an Associate, both in Marcus & Millichap’s Ft. Lauderdale office, represented the seller, a private investor from Fort Lauderdale, FL.  The buyer, a private investor from Sunny Isles, FL was also secured and represented by Thomas and Duncan. 

Adam Duncan

The building was constructed in 1974 and contains a unit mix of eight one bedroom/one bathroom units and eight two bedroom/one bathroom units. The property is located at 4075 NE 1st Avenue in Oakland Park, FL.

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

Gregory Matus

Regional Manager / Vice President

Fort Lauderdale, FL

(954) 245-3400

Morrison Commercial Real Estate Complete 6,274+ SF Lease Renewal at Oasis Office Centre in Altamonte Springs, FL

Christi Davis

ORLANDO, FL (May 10, 2013):  Morrison Commercial Real Estate announced the completion of a lease renewal totaling 6,274± square feet.

Christi Davis, CCIM of Morrison Commercial Real Estate represented the Landlord in renewing 6,274± square feet to Sediv Investors, LLC at 940 Centre Circle located at Oasis Office Centre in Altamonte Springs, FL. 

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

Marylyn Tryon

Administrator and Marketing Assistant

Morrison Commercial Real Estate

255 S. Orange Avenue, Suite 1545

Orlando, Florida 32801

407.219.3500 | 407.219.3501 fax

407.440.6639 Direct Dial (Please Note)

mtryon@morrisoncre.com

www.morrisoncre.com

Rockwood Capital and Marshall Property & Development Jointly Acquire Rhythm & Hues Campus in El Segundo, CA

                        

                    Former home of Rhythm & Hues Studios

                    El Segundo, CA

LOS ANGELES, CA, May 10, 2013 – Rockwood Capital and Marshall Property & Development announced today that they have acquired a three building, 200,000-square-foot office campus located in El Segundo, California, in an all cash transaction. Terms of the transaction were not disclosed.  The property is the former home of Rhythm & Hues Studios.

“For more than 30 years, this property has been flying below the radar—100% occupied by various owner/occupiers and quietly operating within the marketplace. 

"We will re-introduce the complex to the market with a fresh and relevant new look and feel,” says John MacDonald, Vice President of Acquisitions for Rockwood Capital.

“The Rhythm & Hues campus provides a unique value-added investment opportunity centrally located in the South Bay/West LA markets,” said Paul Marshall, President of Marshall Property & Development.  “The existing architecture and unique campus setting provide us with a great opportunity to create what today’s tenants are looking for - indoor and outdoor gathering areas which allow tenants to interact in a creative environment."

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

David Ebeling

Ebeling Communications

(949) 861-8351

david@ebelingcomm.com

                       

www.marshallllc.com

www.rockwoodcap.com

Lincoln Property Company Southeast Brokers Leases Totaling More than 25,400 Square Feet at Northwoods Business Center in Suburban Atlanta

  

Northwoods Business Center, Norcross, GA

  

ATLANTA, GA (May 10, 2013) – Lincoln Property Company Southeast (Lincoln) has brokered three leases totaling 25,470 square feet at the Northwoods Business Center in Norcross, Ga. Lincoln leases the 111,000-square-foot office park, located at 3000 Northwoods Parkway, on behalf of OA Development.

Hunter Henritze

 Hunter Henritze and Michael Howell, both vice presidents of office leasing for Lincoln, and Jeff Henson, a senior associate in the firm’s Office Leasing Group, represented OA Development in the transactions.

 The details of the transactions are as follows:

• Intertek extended and expanded its lease by 8,332 square feet. The firm now occupies 18,696 square feet at Northwoods Business Center. Ward Green of Green Commercial Properties represented the tenant.

• Peachtree Environmental signed a new lease for 4,200 square feet. Doug Eidson of The Eidson Group represented the tenant.

Michael Howell

• Feelux Lighting signed a new lease for 2,574 square feet. Wills Allen of Newmark Grubb Knight Frank represented the tenant.

Lincoln represents OA Developments’ metro Atlanta portfolio, which consists of 750,000 square feet. In addition to Northwoods Business Center, the portfolio includes Royal Phoenix Business Center in south Atlanta, Peachtree Corners Technology Center in Norcross, 2400 Lake Park Drive in Smyrna, Bluegrass Promenade in Alpharetta and Lakeview 400 in Alpharetta.

Tony Bartlett

“The market expertise and leasing know-how of Hunter, Michael and Jeff have proven to be the perfect complements to an improving economy and Atlanta office market,” said Tony Bartlett, senior vice president for Lincoln who oversees the firm’s Atlanta office. “They have done a remarkable job in creating steady leasing activity in our OA Development portfolio, and they are driving great results for this landlord client.”

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

Stephen Ursery

The Wilbert Group

404-965-5026

sursery@thewilbertgroup.com

Chatham Lodging Announces Monthly Dividend

  

PALM BEACH, FL, May 10, 2013—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded select-service hotels, today announced that its board of trustees has declared a monthly common share dividend of $0.07 for May 2013.  The common dividend is payable June 28, 2013, to shareholders of record on May 31, 2013.

.

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

  Jerry Daly                                                                                   

(Media)                                                                                       

Daly Gray Public Relations                                                   

(703) 435-6293                                                                           

jerry@dalygray.com

                                                              

Dennis Craven

Chief Financial Officer

(Company)

dcraven@cl-trust.com

(561) 227-1386  

Voit Becomes Sole Regional Firsm to Rank in Nation’s Top 10 for Industrial Investment Sales

  

Mark Read

           Orange County, CA– According to statistics just released by national market research firm Real Capital Analytics, Voit Real Estate Services is the only regional real estate firm which ranked in the top ten nationally in industrial investment sales in the first quarter of 2013.

 Voit, a full-service commercial real estate provider serving the Southwestern U.S., was named in the top ten in a new 2013 quarterly report, alongside nine national and global firms.

          “This achievement is a direct result of our firm’s recent expansion initiative, through which we have aggressively recruited top talent in each of the markets we serve,” said Mark Read, Executive Managing Director for Voit Real Estate Services.  “We have added more than 20 brokers in the past 12 months, and we are well equipped in each market, with strong experts who are capable of closing substantial deals.” 

          The Real Capital Analytics report, which ranks the top industrial brokers of Q1 2013 by transaction volume, includes statistics on all investment sales over $2.5 million in value.

          With $273 million in total investment sales during 2013’s first quarter, Voit was ranked as number six in the country for flex deals, and as number five in the Western Region of the U.S. for all industrial transactions.

          In addition to Voit, the top ten industrial brokers included in Real Capital Analytics’ Q1 2013 report included CBRE, Eastdil Secured, Cushman & Wakefield, Jones Lang LaSalle, HFF, Colliers International, Newmark Grubb Knight Frank, Stan Johnson Co., and NAI Global.

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

  Jenn Quader / Judith Brower

  Brower, Miller & Cole

  (949) 955-7940

  JQuader@browermillercole.com

Cohen Commercial Realty Brokers Two New Retail Leases in South Florida

 

 Nclex Junkie Signs 1,442-SF Least at Mil-Lake Plaza in Greenacres, FL

Greenacres, FL— Bryan S. Cohen, William Soled, and Jason Guralnick announced today the signing of Nclex Junkie, to lease a 1,442-square-foot unit at Mil-Lake Plaza located on the northwest corner of Lake Worth Road and Military Trail. Cohen Commercial Realty represents the landlord of the property. They join Big Lots and CVS in Mil-Lake Plaza.

Pollo Tropical Signs 3,500-SF Lease at Stuart Square in Stuart, FL

Stuart, FL— Bryan S. Cohen, Chris Haass, and Eddie VanderWerff announced today the signing of Pollo Tropical, to lease a 3,500-square-foot free standing drive-thru on an outparcel at Stuart Square located on the northwest corner of U.S. Highway One and Monterey Road.  Cohen Commercial Realty represents Pollo Tropical. They join Winn Dixie, Big Lots, and Planet Fitness in Stuart Square.

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

Jamie Crocker 561-471-0212

Cohen Commercial Realty, Inc.

P.O. Box 223244

West Palm Beach, FL 33422

www.cohencommercial.com

Angie Ruiz

Cohen Commercial Management, LLC.

Cohen Commercial Realty, Inc.

5041 Okeechobee Blvd.

West Palm Beach, FL 33417

PO BOX 223244

West Palm Beach, FL 33422

561.471.0212 - Office

561.471.5905 - Fax

angieruiz@cohencommercial.com

World Property Channel Debuts Multi-Language News Sites, New Global Editor

Kevin Brass

MIAMI, FLI--(BUSINESS WIRE)--World Property Channel, the Miami-based global real estate news and listings platform, has debuted a redesigned Web site and hired its first global editor as part of a worldwide expansion program.

.The revamped site highlights WPC’s growing coverage of residential, commercial and vacation markets around the world. WPC is also rolling out online editions in multiple languages—including Spanish, Chinese, Arabic, Hindi, Portuguese and Japanese, initially.

And the company has launched a new advertising platform, which allows clients to specifically target different audiences within the global property community.

Michael Gerrity

“We are moving from development phase to execution phase,” said Michael Gerrity, chief executive and founder of World Property Channel. “Our global platform will create a big tent for the industry, providing daily news, data and analysis for our fast-growing audience of consumers, investors and industry professionals.”

To guide the editorial expansion, WPC has hired veteran editor and reporter Kevin Brass, who spent more than a decade covering international property markets for the International Herald Tribune and New York Times.

Mr. Brass also served as lead Middle East property reporter The National, the Abu Dhabi-based daily newspaper. Most recently Mr. Brass was public affairs manager for the Council on Tall Buildings and Urban Habitat, the not-for-profit association for architects and builders of skyscrapers.

Mr. Brass is a frequent speaker and moderator at industry events, including Cityscape, Miami International Congress and the World Green Tourism Congress.

As Global Editor, Mr. Brass will oversee WPC’s news services, develop the global news team and represent the organization in the community.

“I’m looking forward to developing World Property Channel as an indispensable resource for the global property industry,” Mr. Brass said. “We can fill huge gaps in the market, providing valuable, real-time information for our readers.”

  

World Property Channel (www.worldpropertychannel.com) is a news and information marketplace for the global real estate industry. The site combines high-quality, multi-language news and information programming with easy-to-use, multi-language global listing and advertising services.

This international marketplace covers residential, commercial and vacation properties and all transaction types--sales, rentals and auction--creating “one stop shopping” for the worldwide property community.

WPC's News Syndication Service provides a regular stream of international property news to Web sites around the world.

For more information: press@wpcnews.com.

Contacts

David Pearson Associates, Miami, Fla.

David Pearson, 305-798-8446

David@DavidPearsonAssociates.com

Marcus & Millichap Sells 36,000-SF Office Building in Hollywood, FL for $3.79 Million

  

                        Regions Bank Building, Hollywood, FL

HOLLYWOOD, FL, May 9, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Regions Bank Building, a 36,000-square foot office property located in Hollywood, FL. The asset commanded a sales price of $3,790,000.

Douglas K. Mandel

First Vice President Investments Douglas K. Mandel in Marcus & Millichap’s Ft. Lauderdale office had the exclusive listing to market the property on behalf of the seller, a private investor from Hollywood, FL.  The buyer, a limited liability company from Golden Beach, FL was also secured and represented by Mandel. 

The Regions Bank Building is a 36,000-square foot, eight-story mid-rise office building.  The property features covered parking, building signage and a fully updated drive thru.

The Regions Bank Building is currently 84 percent leased by a mix of corporate and local professional tenants. There is an added benefit of income from several rooftop telecommunications antennas, including leases with Verizon, SprintPCS, and AT&T Communications.

Constructed in 1976, the high visibility building is located just north of Hollywood Boulevard at 450 North Park Road in Hollywood, FL.

  

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

Gregory Matus

Regional Manager / Vice President,

Fort  Lauderdale, FL

(954) 245-3400

Greystone Acquires Two Development Properties in Brooklyn, NY

       137-43 North 10th Street in Williamsburg
       between Berry Street and Bedford Avenue, 
       Brooklyn, NY

New York, NY, May 9, 2013 – Greystone, a New York-based real estate development and financial services company, today announced that it has acquired two development properties in Brooklyn, New York with a projected value of over $50 Million.

Douglas Benach

The transactions were closed by the Greystone Property Development team, overseen by Douglas Benach.

 The first property is located at 137-43 North 10th Street in Williamsburg between Berry Street and Bedford Avenue. The building is a five-story, 30,000 square foot loft conversion.

Greystone plans to convert the building into a 36-unit high-end multifamily property, featuring 12 foot ceilings, large windows, central HVAC and a community style rooftop space.

Jeffrey Simpson

 The second property acquired is a vacant development site at 47-51 Bridge Street in Dumbo, Brooklyn. The site will be transformed into a 27-unit ground-up, multifamily rental project with amenities. 

Both acquisitions were acquired within the last 60-days.

“We believe in the incredible growth occurring throughout Brooklyn as it becomes one of the premier housing destinations in the region,” said Jeffrey Simpson, Director in Greystone’s Property Development business.

“The buildings will be developed to provide great New York City quality living, while maintaining and celebrating Brooklyn’s unique and vibrant past.” 

47-51 Bridge St., Dumbo, Brooklyn, NY

 The Greystone Property Development team, based in New York, is currently working on a number of projects in prime locations throughout the five boroughs, from the West Village up to City Island in the Bronx.

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

Loretta Mock/Josh Gerth

Cognito

+1 646 395 6300

Greystone@cognitomedia.com