HFF secures $75 million first mortgage financing for Realogy Corporation headquarters in Madison, NJ

  

                                       175 Park Avenue, Madison, NJ

 FLORHAM PARK, NJ – HFF announced today that it has secured $75 million in financing for 175 Park Avenue, a 270,000-square-foot, newly-completed corporate headquarters for the Realogy Corporation in Madison, New Jersey.

Jon Mikula

HFF worked exclusively on behalf of The Hampshire Companies to secure the 10-year, fixed-rate loan through Cantor Commercial Real Estate Lending, L.P.  The loan will be used to retire existing construction financing that HFF had secured on behalf of the borrower in late 2011.

175 Park Avenue is located near State Route 24 and Interstate 287 adjacent to BASF’s new North American headquarters and the headquarters for the New York Jets. 

Michael Klein

After completing an extensive gut rehab of an existing structure, the property was completed in March 2013 and is built to LEED standards.  Amenities include a fitness center, full-service cafe, and conference/team room facilities.  Realogy Corporation is a global provider of real estate and relocation services.

The HFF team representing The Hampshire Companies was led by senior managing director Jon Mikula and director Michael Klein.

The Hampshire Companies is a full-service, private real estate firm with equity in assets valued at more than $2.5 billion, based in Morristown, New Jersey.  The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. www.hampshireco.com.

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | 

Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

Annaly Capital Management, Inc. Announces Preferred Dividends

 NEW YORK, NY, May 13, 2013--(BUSINESS WIRE)-- In accordance with the terms of the 7.875% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”) of Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly”), the Board of Directors of Annaly has declared a Series A Preferred Stock cash dividend for the second quarter of $0.492188 per share of Series A Preferred Stock. This dividend is payable on July 1, 2013, to Series A Preferred Stock shareholders of record as of June 3, 2013.

In accordance with the terms of Annaly’s 7.625% Series C Cumulative Redeemable Preferred Stock (“Series C Preferred Stock”), the Board of Directors of Annaly has declared a Series C Preferred Stock cash dividend for the second quarter of $0.476563 per share of Series C Preferred Stock. This dividend is payable on July 1, 2013 to Series C Preferred Stock shareholders of record as of June 3, 2013.

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

Annaly Capital Management, Inc.

Investor Relations

1-888-8Annaly

www.annaly.com

Leasing Momentum Continues at Wells Fargo Center Miami

                              Wells Fargo Center, Downtown Miami, FL

Brian Gale

Miami, FL,  May 13, 2013  ––Wells Fargo Center is on a roll…..Less than a month after Taylor & Mathis announced Littler Mendelson & Studley had signed leases for 25,000 square feet, two more tenants have signed leases at Wells Fargo Center in downtown Miami. 

 Regus Business Centers and Manchester Business School America, Inc. have signed long term leases for 16,951 and 4,419 square feet, respectively, for a combined value of over $12 million. 

Keith Edelman

“For the second time this year a leading commercial real estate firm has chosen to relocate their offices to Wells Fargo Center,” stated Taylor & Mathis’s Brian Gale, who spearheads leasing efforts for owner MetLife. “We can’t think of a better testament to our assertion that Wells Fargo Center is the highest end option for office space in downtown Miami.”

Scott Goldstein

 Keith Edelman and Scott Goldstein of Jones Lang LaSalle co-brokered the transaction representing Regus Business Centers, the world’s largest provider of flexible workspaces.

Lance Healy of Healy Commercial Real Estate negotiated the lease transaction on behalf of Manchester Business School, which is relocating to Wells Fargo Center from Wachovia Financial Center at 200 South Brickell.  Ryan Holtzman of Taylor & Mathis represented MetLife.

Ryan Holtzman

Wells Fargo Center is a 750,000 square foot Class A office tower located downtown one city block off Interstate 95 just south of the Brickell Bridge.

It is home to some of the most prominent and respected companies in the country, including Wells Fargo Bank; Greenberg, Traurig; Deloitte; McDermott, Will & Emery; Littler Mendelson PA. 

JW Marriott Marquis Hotel
Downtown Miami, FL

The office building shares a site with the first of its kind JW Marriott Marquis hotel and the first Hotel Beaux Arts, the new super luxury hotel of Marriott International luxury group.

 Tenants benefit from the five-star amenities of the hotel, which include dining, conference facilities, an entertainment complex, fitness center, salon and spa and the Jim McLean Golf School. 

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

Brian Gale,

Taylor & Mathis,

 (305)476-8880

bgale@taylormathis.com

www.TaylorMathis.com

www.metlife.com/realestate

http://www.wellsfargocentermiami.com

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