Crown Wine & Spirits Building Sale in Fort Lauderdale, FL Arranged by Marcus & Millichap

Crown Wine and Spiritis building, 1645 Cordova Road, 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 Crown Wine and Spirits, a 8,147 square-foot net-leased property located in Fort Lauderdale, FL. The asset sold for $2,100,000.

Marc E. Strauss

Marc E. Strauss, a First Vice President Investments in Marcus & Millichap’s Ft. Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Deerfield Beach, FL.  Strauss also secured the buyer, a limited liability company from Ft. Lauderdale, FL.

“This property received a lot of investment interest due to its location in a high-traffic corridor near the Port Everglades cruise ship terminal and its proximity to Winn-Dixie and other retailers in the area,” says Strauss.

Crown Wine and Spirits has been a tenant in the building for 14 years and this particular location ranks as one of the company’s top sales-producing stores.  Crown Wine and Spirits is located at 1645 Cordova Road in Fort Lauderdale, 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

$9.2 Million Sale of Harbour Pointe Villas and Docks in Fort Lauderdale, FL Brokered by Marcus & Millichap

Harbour Pointe Villas and Docks, 2201 SE 18th Street, Fort Lauderdale, FL. 

Evan P. Kristol

FORT LAUDERDALE, FL, Nov.  6, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Harbour Pointe Villas and Docks, a 34-unit luxury apartment building with six boat slips located in Fort Lauderdale, FL.

The asset sold for $9,201,000 representing $270,618 per unit.

Evan P. Kristol and Still Hunter III, Senior Vice Presidents, and Joseph P. Thomas, a Vice President Investments, in Marcus & Millichap’s Fort Lauderdale office had the exclusive listing to market the property on behalf of the seller, a limited liability company from Encino, Calif. 

The buyers, private investors from Belgium, were secured and represented by Kristol, Hunter, Thomas and Adam Duncan, an investment specialist in Marcus & Millichap’s Ft. Lauderdale office. 

Still Hunter III

“Harbour Pointe Villas and Docks offered the rare opportunity for an investor to acquire a truly ‘best in class’ boutique apartment community in a AAA location with upside,” says Thomas. 

“We received bids at and above the asking price, which speaks to the quality of the asset. The buyers plan to stabilize the property by eliminating concessions, increasing rents and building in ancillary income.  

"The property also lends itself to the possibility of selling individual units as condominiums as the residential housing market continues to strengthen,” he continues.

Harbour Pointe Villas and Docks is a 34-unit, ultra-luxury waterfront rental community located just south of the 17th Street Causeway in the gated Harbour Inlet neighborhood. The community is comprised of seven one-bedroom/one-bathroom apartments and 27 two-bedroom/two-bathroom apartments.

“The previous owner significantly renovated the community with the intention of converting to condominiums,” adds Hunter.

Joseph P. Thomas

“With the exception of the original three-story concrete structure, almost every other part of the complex was upgraded or replaced.  Although the property is technically not newly constructed, the extensive renovations resulted in a community that has the look and feel of the very highest-end new construction.”

Harbour Pointe Villas and Docks is located at 2201 SE 18th Street in Fort Lauderdale, 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

FrontDoor Communities Adds Three New Hires to Atlanta Office

  

Mike Langella

 ATLANTA (Nov. 6, 2013) – FrontDoor Communities is pleased to announce the hiring of three industry veterans: Scott Auer as division construction manager; John Morris as controller; and Mechelle Knight as senior estimator.

With the addition of Auer, Morris and Knight, the company’s total new hires for the year is at a record high of 12, which more than doubles its size from 2012.

“We’re strategically hiring high-caliber professionals as our portfolio continues to grow,” said Mike Langella, president and partner at FrontDoor. “Scott, John and Mechelle bring tremendous expertise and experience to our team and we’re excited to welcome them to the FrontDoor family.”

As division construction manager, Auer will oversee and direct all permitting, construction and operational functions for the Atlanta office. He will also manage the division’s customer service and warranty operations.

Morris brings more than 17 years of experience in finance and accounting to his role as controller, where he will manage financials and coordinate project teams.

In Knight’s new role as senior estimator, she will be responsible for maintaining and managing purchase orders, cost data reports and invoices.

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

Michael Phillips                                                                                                                     

404.996.0828

mphillips@frontdoorcommunities.com

HFF Atlanta hires Jeffrey Harris as a managing director in its debt placement group

Jeffrey Harris

ATLANTA, GA – HFF announced today that Jeffrey Harris has joined the firm as a managing director in its Atlanta office to focus on debt placement and equity transactions.

Mr. Harris has more than 20 years of experience in the commercial real estate industry and most recently held the position of executive vice president and regional investment director of the eastern U.S. for Post Properties.

 In this role he was responsible for all acquisitions, dispositions and new development within the Eastern United States.  Prior to Post Properties, Mr. Harris worked for Grubb Properties, Inc., The St. Joe Company and East West Partners. 

Mark Sixour

 He is an active member of Urban Land Institute and the National Multifamily Housing Council, and holds a Master of Business Administration degree from University of North Carolina and a Bachelor of Science degree from Wake Forest University.

“Jeff has an impressive track record in the commercial real estate industry with extensive experience and relationships on the development side.  HFF is pleased to have someone of his caliber join and strengthen our team,” said Mark Sixour, co-office head of HFF’s Atlanta office.

 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

 HFF on Twitter at www.twitter.com/hff.    

HFF named to market for sale luxury apartment tower in downtown Chicago’s West Loop

Trio Apartments, 670 West Wayman, West Loop Neighborhood, Chicago, IL

Sean Fogarty

CHICAGO, IL – HFF announced today that it has been appointed to market for sale Trio Apartments, a 100-unit, boutique-style luxury apartment tower in downtown Chicago.

                The property is being marketed without a formal asking price and is being offered on an “all cash” basis.

Marty O'Connell

Completed in 2010/2011, the 22-story tower has 100 units averaging 1,047 square feet each.  Located at 670 West Wayman in the eastern sector of the West Loop neighborhood, Trio offers residents a walk-to-work location and nearby access to public transportation including CTA and Metra train lines. 

The future Chicago headquarters of Google is located six blocks west of Trio Apartments and in 2014 Google’s Motorola Mobility office will open just six blocks east of the property. 

Amenities include a rooftop garden, fitness center, business center, community room, indoor assigned parking and 24-hour door staff. Additionally, the property is situated adjacent to a park with dog run and a retail development that includes a Jewel-Osco grocery store.

Matthew Lawton

The HFF investment sales team representing the seller is led by managing directors Sean Fogarty and Marty O’Connell and executive managing director Matthew Lawton.

 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

Greystone Provides $24.3 Million in HUD Financing for Luxury Louisiana Apartment Complex

Belmere Luxury Apartments, Houma, Louisiana

Betsy Vartanian

New York, NY – Nov. 6, 2013 – Greystone, a leading national provider of multifamily and healthcare mortgage loans, today announced it has provided $24.3 million in HUD financing for Belmere Luxury Apartments in Houma, Louisiana.

Nathan Schuss, originator in Greystone’s New York office, worked to close the loan.

 The refinancing was structured as a 40-year fully amortizing HUD 223(a)7 loan. Belmere Luxury Apartments, located approximately 60 miles southwest of New Orleans, is a gated, limited access multifamily rental community comprising 249 units. 

The complex features amenities such as a resort-style pool, jacuzzi, fitness center, jogging trail, BBQ area and dog park.

“Securing this refinancing through Greystone enables us to maintain a long-lasting presence for Belmere as a premier luxury apartment community in the suburban New Orleans region,” said Robert M. Aiello, the borrower of record in partnership with Ronald V. Turner.

“The lending process was incredibly smooth. We look forward to developing more luxury properties which are seeing greater demand in today’s recovering economy. We also look forward to having Greystone as a trusted partner going forward,” Aiello added.

 “Greystone was delighted to facilitate a refinancing of this project in Louisiana, an area that is still experiencing recovery and revitalization today,” said Betsy Vartanian, head of FHA lending at Greystone. 

“The interest rate savings will undoubtedly benefit the project and, indirectly, its tenants. This is a fantastic property and we are comforted to know that it will thrive for many years to come.”

 Greystone was the number one FHA lender in 2012 and is ranked as a top-10 Fannie Mae lender. For more information about Greystone’s multifamily financing solutions please visit http://www.greyco.com/multifamily.

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

Karen Marotta

PR Manager

Greystone

152 W. 57th Street

New York, NY 10019

212-896-9149 direct

917-902-7073 mobile

kmarotta@greyco.com

www.greyco.com  

Carter’s Scott Cloud Named One of Real Estate Forum’s “45 Under 40”

  

Scott Cloud

 ATLANTA (November 6, 2013) – Carter, one of the country’s leading real estate investment, development and advisory firms, is pleased to announce that Scott Cloud, senior vice president, has been named one of Real Estate Forum Magazine’s “45 Under 40.”

Real Estate Forum announced on Oct. 29 that Scott was chosen as one of the top 45 influential commercial real estate professionals in the country. This year, there were more than 450 submissions, a record for the publication. Scott was one of three professionals from Atlanta to make the list.

“It is an honor to be recognized by Real Estate Forum,’” said Scott. “The past five years at Carter have given me the opportunity to be surrounded by and learn from a phenomenal group of people.”

Real Estate Forum’s “45 Under 40” profiles top executives from all facets of commercial real estate. Chosen from a variety of industry disciplines, specialties and geographic regions, they share the key criteria of talent, ambition and success at an early age, said Real Estate Forum.

Jim Shelton

As senior vice president with Carter’s Investments Group, Scott’s primary focus is capital markets and sourcing new real estate investment and development opportunities.

In this role, he focuses on opportunistic real estate investments and leads Carter’s office acquisition efforts. His responsibilities also include the financing and due diligence of new Carter investment and development opportunities.

 Jim Shelton, Carter’s vice chairman, commented: “We are thrilled that all of Scott’s hard work and efforts have been recognized by Real Estate Forum. He is a great asset to our investment team and we look forward to many more successes together.”

Over the past 10 years, Scott has been involved in the acquisition or disposition of more than 11 million square feet of commercial real estate valued at more than $1 billion. Most recently, Carter closed a $40 million, 235-unit multifamily development in Atlanta’s in-town neighborhood of Decatur. Cloud sourced the opportunity, which aligns with Carter’s model of urban infill development. The project is significant because it is the first multi-family development in the supply-constrained submarket since 2001.

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

Tony Wilbert

The Wilbert Group

404-888-3091

twilbert@thewilbertgroup.com

Contrary to Published Reports, Median Home Prices Have Accelerated in the Past 8 Weeks, Zip Realty Reports

  

EMERYVILLE, CA – ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ: ZIPR), the nation’s most prominent online technology-powered residential real estate brokerage firm and real estate marketing solutions provider, has released its latest Housing Trends Report.

Counter to a widely reported recent trend, year-over-year growth in median home sales prices has actually accelerated in the past eight weeks, according to the report.

Lanny Baker

 For the month ending Oct. 15, the sales price of nearly $269,000 in the 24 markets studied by ZipRealty was 14.9% higher than in the same period of 2012. However, for the month ended Sept. 30, the price was 14.6% higher and in the month ended Sept. 15, the annual increase was 14%.

 “That one-percentage-point increase in the sales price growth rate over the last month is small and could easily reverse itself in coming months, however; it does diverge from trends commonly reported in the media of late,” says ZipRealty’s CEO and President Lanny Baker. “Based on data in our authoritative, twice-monthly report, the housing market may not be stalling as much as originally reported.”

Available inventory of for sale homes continues to run 11% below year-earlier levels as of mid-October, with the sharpest tightening occurring in the middle part of the nation.

Inventory is down 26% in Chicago, 23% in Houston, 20% in Dallas, 17% in Austin and 4% in Nashville relative to a year ago. In the coast markets, for sale inventory is relatively stronger compared to last year: Inventory in San Diego is up 11% year-over-year, Sacramento is up 14% and inventory in some Mid-Atlantic markets are within 5% of last year’s levels.

“For the month ended Oct. 15, pending sales rose 14% year-over-year, while new listings rose 11%, suggesting that the inventory shortage isn’t remediating itself entirely at the moment.

“Days on market have increased to 33 as of mid-October from 30 days in mid-September, following a normal seasonal pattern in which transactions tend to taper off into the fall and winter, especially in colder climes,” adds Mr. Baker.

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

Stacey Corso

510.735.2667

scorso@ziprealty.com

Arbor Appoints Kevin Hern as Vice President

Kevin Hern

UNIONDALE, NY (Nov. 6, 2013) – Arbor Commercial Mortgage, LLC (“Arbor”) today announced the appointment of Kevin Hern as Vice President.

Mr. Hern is responsible for originating multifamily and healthcare loans nationwide utilizing Arbor’s entire product line, including FHA, Fannie Mae, CMBS, Bridge, Mezzanine and Preferred Equity. He is based in the company’s Boston, MA, office and reports to Ken Fazio, Senior Vice President, National Production Manager.

Mr. Hern brings more than 26 years of commercial real estate finance and asset management and disposition experience to Arbor. 

Most recently, he was a Managing Director/Principal at Boston Capital Funding/FAC in Boston and New York, where he was responsible for all aspects of business development on a national level, including origination, underwriting, debt/equity placement and correspondent/client relationships with regard to commercial real estate.

Ken Fazio

Previous to Boston Capital Funding, Mr. Hern held the role of Vice President, Commercial Real Estate, at Southern New Hampshire Bank & Trust/Bank of New England. In this position, he was responsible for business development within the New England Region for real estate loans up to $25 million.

 Mr. Hern has originated more than $468 million in commercial loans in his career. He also has experience as a workout manager and within capital markets.

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

Christopher Ostrowski

costrowski@arbor.com

$9.8 Million Apartment Complex Trades Hands in Hollywood, CA

1400 Edgemont apartments, Hollywood, CA

HOLLYWOOD, Calif., Nov. 5, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of 1400 Edgemont, a 42-unit apartment complex in Hollywood, Calif. The $9,800,000 sales price equates to $233,333 per unit.

Ron Harris

            Ron Harris, Paul Darrow and Michael DiSimone advised the seller, BP Edgemont LLC and the buyer, R.O.M. Investments Inc.

            “The property is a renovated market-rate apartment complex located in a thriving Los Angeles infill pocket,” says Harris. “The prime location and modern appeal of 1400 Edgemont put it in an optimal position to provide healthy short- and long-term returns.”

“This asset is one of the only luxury buildings with modern touches in this sought-after market,” adds Darrow. 

Michael DiSimone

“Utilizing our unique renovation strategy, coupled with innovative building products and design, the community redefined market rental rates while maintaining consistently high occupancy,” concludes Steven Ludwig, whose firm, Coastline Real Estate Advisors, Inc., spearheaded property and construction management. 

            Built in 1988 at 1400 North Edgemont St., the property is located at the nexus of three prominent Los Angeles neighborhoods: Hollywood, Los Feliz and Griffith Park. The Los Angeles Metro’s Vermont/Sunset station is within easy walking distance, providing residents with public transportation access to major employment and entertainment hubs throughout the city. U.S. Highway 101 is also nearby.

Paul Darrow

            The apartment complex consists of one three-story residential structure built over two levels of parking, one on-grade and one underground. The five floor plans range from 420 square feet to 790 square feet.  All but six of the unit interiors have been upgraded with new appliances, bathroom and kitchen fixtures, modern lighting, flooring, cabinetry and window blinds.

Community amenities at 1400 Edgemont include gated parking, a laundry area, and a modernized lobby area. 

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

Gina Relva

Public Relations Manager

(925) 953-1716

$20.5 Million Apartment Complex Sale Arranged by IPA in Fall River, MA

. 

Royal Crest Estates apartments, 37 Courtney Street, Fall River, MA

FALL RIVER, MA, Nov. 5, 2013 – Institutional Property Advisors (IPA), a multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has arranged the sale of Royal Crest Estates, a 216-unit Tudor-style apartment complex in Fall River, Mass. The $20.5 million sales price equates to $94,900 per unit.

Steve Witten

            IPA executive directors Steve Witten and Victor Nolletti advised the seller, Aimco Fall River LLC.  The buyer is Highlands North Realty Trust.

            Todd Tremblay is the Massachusetts broker of record.

“The city of Fall River and the surrounding communities are unquestionably a model of urban renewal,” says Witten. “The area is also one of the nation’s fastest-growing multifamily markets.”

           “Located approximately 55 miles from Boston, Royal Crest Estates has an outstanding rental location and a stable, largely transit-oriented tenancy,” adds Nolletti. “The property presents the new owner with the opportunity to add value through modest kitchen, bath and hallway upgrades.”

Victor Nolletti

            The apartment complex is located at 37 Courtney St. in Fall River, Mass., near Route 24, the Fall River Expressway and Interstate 195.

            Constructed in 1974, Royal Crest Estates is a semi-gated complex composed of 10 detached apartment buildings and a clubhouse. 

The unit mix features eight studios, 90 one-bedroom flats and 118 two-bedroom apartments, each featuring a private deck or patio. The units have wall-to-wall carpeting, ceramic tile/wood flooring and large walk-in closets.  Kitchens are equipped with self-cleaning ranges, refrigerators, dishwashers and garbage disposals.

Todd Tremblay

Community amenities include tennis courts, an Olympic-size resort-style pool with sundeck, a self-service car wash, a barbecue area, a fully equipped, card-access fitness center with lockers and showers and a clubhouse with fireplace, billiards lounge and library.  Each building has a laundry facility with card-operated washers and dryers.

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

Gina Relva

Public Relations Manager

(925) 953-1716

Housing Affordability Declines As Prices Rise

By Octavio Nuiry, Managing Editor, RealtyTrac Foreclosure News Report

Octavio Nuiry

Housing affordability is fading rapidly for hundreds of thousands of homebuyers in some of the nation's pricier metros as three important measurable real estate variables —home prices, mortgage interest rates and household income — collide to form a perfect storm in a handful of high-priced real estate markets.

Tight inventory, pent-up demand and investor activity —both domestic and foreign — is driving more and more buyers to the sidelines. 

In certain costly metros — including Los Angeles, New York, San Francisco and Washington, D.C. — prices are appreciating at rates not seen since 2000, when the housing bubble was being inflated by then-Federal Reserve chairman Alan Greenspan's subprime- driven housing expansion.

Now, as then, homebuyers longing for the American Dream are increasingly thwarted by rising prices, multiple offers, the fear of rising interest rates and a virtual housing run, creating frenzied demand by institutional cash buyers that has pushed prices to double-digit annual gains in some of the nation's most expensive housing markets.

  

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

Jennifer von Pohlmann

PR Manager

Office: 949.502.8300 ext 139

jennifer.vonpohlmann@realtytrac.com

Essex Realty Group Brokers Sale Of Walk-Up Building in Chicago, IL

  

7031 North Ridge Avenue, Rogers Park Neighborhood, Chicago

Kate Varde

CHICAGO, IL – Nov. 5, 2013 - Essex Realty Group, Inc. is pleased to announce the sale of 7031 N. Ridge Avenue, a 13-unit, walk-up building located in Chicago’s Rogers Park neighborhood. 

The property is situated on the southeast corner of Ridge and Greenleaf Avenues, just three blocks west of the Rogers Park Metra Station and numerous CTA bus routes along Clark Street; additionally, the Morse CTA Red Line Station is located one mile east of the Subject Property.

The Subject Property includes a mix of five (5) one bedrooms and eight (8) two bedrooms with new porches and a new boiler.

Doug Imber

 Doug Imber and Kate Varde represented the sellers and Matt Welke represented the purchaser.  The price was approximately $1,130,000.

 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

Ari Ravi Joins Marcus & Millichap’s Tampa FL Office

  

Ari Ravi

 Tampa, FL – Ari Ravi has joined Marcus & Millichap’s Tampa office according to Richard D. Matricaria, regional manager.

Prior to joining Marcus & Millichap, Mr. Ravi entered the commercial real estate industry with Prudential Commercial Real Estate Florida in 2008, focusing on sales and leasing for office and retail buildings in the Tampa Bay MSA. 

 Ari will specialize in multifamily housing at Marcus & Millichap, focusing on seller representation of over 10 unit apartment communities located primarily in the Tampa Bay markets.

Mr. Ravi earned his Bachelor of Science degree from the University of Florida, and Decision and Information Sciences from the Warrington College of Business and previously attended the Berkeley Preparatory School in Tampa.

He was named Florida Gulfcoast Association of Realtors (FGCAR) Rookie of the Year in 2009, and was a FGCAR Pinnacle award winner in 2009, 2010 and 2012.

Richard Matricaria

“We are excited to have Ari come on board with our firm and welcome him to the team,” says Matricaria.  “He brings a vast amount of experience that our client base will surely benefit from.”

“I am looking forward to providing all my clients with the benefits and resources afforded by Marcus & Millichap,” adds Ravi.

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

Richard D. Matricaria

Regional Manager, Tampa

(813) 387-4700

HFF secures $13.9 million financing for two office properties in Eatontown, NJ

17 and 23 Christopher Way within Eatontown Business Park, Eatontown, NJ

FLORHAM PARK, NJ – HFF announced today that it has secured $13.9 million in financing for 17 and 23 Christopher Way, a 45,475-square-foot office/flex building and adjacent 79,053-square-foot mid-rise office building located within the four million-square-foot Eatontown Business Park in Eatontown, New Jersey.

Michael Klein

HFF worked on behalf of The Donato Group to secure a $12.7 million, seven-year, fixed-rate first mortgage and a $1.2 million line of credit through OceanFirst Bank. 

The loan will be used to refinance existing debt on the property and provide a working line of capital for upcoming tenant improvements and leasing commissions. 

17 and 23 Christopher Way, which were developed by the borrower in 2000, are located just off Route 35 less than three miles from the Garden State Parkway, Route 36 and Route 18.  The property is 97 percent leased to tenants including Wentworth Property Management Corp., Industrial Controls, Cohn Reznick and Nuance Communications, Inc.

The HFF team representing the borrower was led by director Michael Klein.

“The high-quality finish of the assets coupled with the size of the borrower’s portfolio within the submarket and their local market expertise help ensure that these properties are always highly occupied,” said Klein.  “OceanFirst Bank provided personal attention with a customized loan solution that best met The Donato Group’s needs.”

John Donato Jr.

The Donato Group is a more than 45-year-old real estate development, management and construction firm based in Eatontown, New Jersey.  The group has developed an expertise in the development and management of office, high-tech and industrial properties in Monmouth and Ocean Counties in New Jersey. 

The company was founded by the late John Donato, Jr. and is managed today by his son Corbett Donato.  The Donato Group currently has a portfolio of approximately 850,000 square feet throughout the region.  Its intimate knowledge of the market and the size of its portfolio makes the firm a premier owner and manager in the area.

OceanFirst Bank is a full-service community bank headquartered in Ocean County, New Jersey and provides commercial and residential financing as well as checking, savings and online services to retail and business clients throughout the region.

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