Taylor & Mathis of Florida Garners Five TOBY Awards

Taylor & Mathis of Florida TOBY award-winning team

Marlene Diaz

MIAMI, FL –Jan.  28, 2014 –    Taylor & Mathis of Florida has garnered five TOBY (The Office Building of the Year) awards from the Miami-Dade chapter of the Building Owners and Managers Association (BOMA). 

  The organization held its 26th annual award program January 17th at the Historic Alfred I. Dupont Building in Miami. 

 “The level of dedication these individuals and our entire South Florida team puts into the properties is immeasurable by this award alone. They are an amazing group of people,” said Marlene Diaz, Taylor & Mathis Director of Operations.

“With these awards they have been distinguished by their industry peers for management excellence over many consecutive years, a standard that we know they consistently exceed.” 

Every year BOMA MIAMI-DADE honors outstanding buildings, property managers, and associates, not an easy task with so many great buildings and members competing for the coveted The Office Building of The Year or TOBY Awards.

Among the five awards received by Taylor & Mathis are

·         Rafael Lopez – Waterford at Blue Lagoon – Engineer of the Year (2 or less)

 Building of the Year Awards:

·         355 Alhambra, Coral Gables - 100,000 to 249,999 Square Foot Building –

Lisa Mitchell, Senior Property Manager

·         550 Biltmore, Coral Gables – Renovated.  Renovations for which the award was received included lobby renovations as well as mechanical and HVAC systems.

Hilda Mendoza, Property Manager

Peter Romero

·         

6100/6303 Waterford -Suburban Office Low Rise

Peter Romero, Senior Property Manager

·         6505 Waterford - Corporate Facility

Peter Romero, Senior Property Manager

The TOBY Awards are the most prestigious and comprehensive programs of their kind in the commercial real estate industry recognizing quality in office buildings and rewarding excellence in office building management.

 During the competition, all facets of a building's operations are thoroughly evaluated.

 Buildings are judged on everything from community involvement and site management to environmental and "green" policies and procedures.

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

Marlene Diaz

Taylor & Mathis|Director of Operations -

305.267.8062

 mdiaz@taylormathis.com

www.TaylorMathis.com.

NAI Realvest Negotiates New Restaurant Lease in Altamonte Springs, FL for New Mom’s Kitchen

Mitch Heidrich

 ORLANDO, FlL– NAI Realvest recently negotiated a new lease agreement for 1,727 square feet of restaurant/retail space in Suite 1018 at the GFS Marketplace located at 1140 E. Altamonte Drive in Altamonte Springs where a new Mom’s Kitchen will open in March. 

The NAI Realvest retail team of Kevin O’Connor, Matt Cichocki and Mitch Heidrich brokered the transaction representing the Orlando-based landlord, U.S. Bank National Association.

Kevin O'Connor

The space leased was previously occupied by Athena Café and the new tenant Maria Chauca d/b/a Mom’s Kitchen intends to relocate the restaurant from their Casselberry location.

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

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142 Lvershelco@alol.com

2013 Marks Strongest Leasing Year for IDI Since 2000

Tim Gunter

ATLANTA, GA (Jan. 28, 2014) – IDI, a leading full-service industrial real estate company based in Atlanta, announced today that 2013 was the company’s strongest leasing year since 2000.

The year saw 15,374,113 total square feet in leases, a portfolio increase from 84 to 187 buildings, 6,623,434 square feet in development starts and seven buildings receiving LEED certification.

The news comes on the heels of IDI’s acquisition by Brookfield Property Partners and merger with Verde Realty.

“The success of 2013 is truly a testament to the hard work of our team members,” said Tim Gunter, IDI’s President and Chief Executive Officer. “While last year was historic, I am excited about what our future has in store.

“Our new ownership provides us the opportunity to further expand our presence, while strengthening our asset base and balance sheet.” 

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

Matt Scofield

JACKSON | SPALDING for IDI

P 404-214-3554

E mscofield@jacksonspalding.com

www.idi.com

Marcus & Millichap Capital Corp. Arranges Financing for $13.4 Million Multifamily Property Sale in Springfield, IL

Orchard Park Apartments, Springfield, IL

Richard Lynn

SPRINGFIELD, IL Jan. 27, 2014 – Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate financing and capital markets expertise, arranged 10-year, fixed-rate financing for the acquisition of two multifamily properties in Springfield, Ill.

            Rick Lynn, a director in MMCC’s Chicago Oak Brook office, secured the loan.

            “The borrower was in a 1031 exchange, making this a time-sensitive transaction,” says Lynn. “The process took just five weeks and illustrates our ability to source capital for assets in other than primary markets.”

Alex Blagojevich

            James Walsh, senior vice president investments in Marcus & Millichap’s Chicago Downtown office, represented the seller, the property’s developer.

David Gaines, vice president investments, also in the firm’s Chicago Downtown office, and Alex Blagojevich, vice president investments in the firm’s Tampa office, led the national marketing campaign. The Chicago-area buyer is a private investor representing his family investment trust.

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

Gina Relva

Public Relations Manager

Marcus & Millichap Capital Corporation

(925) 953-1716

Distinguished ICSC CDP Designation Received by Gary M. Ralston, Managing Partner of CBC Saunders Ralston Dantzler Realty

Gary M. Ralston

LAKELAND, FL – Gary Ralston, CCIM, managing partner of Coldwell Banker Commercial Saunders Ralston Dantzler Realty, LLC in Lakeland, recently received the ICSC Certified Development, Design, and Construction Professional (CDP) designation.

The ICSC (International Council of Shopping Centers, Inc.) certification programs focus on raising the industry’s professional standards globally. 

There are 6,000 ICSC designees in 55 countries – representing fewer than 10% of the commercial real estate professionals in the shopping center industry. Of this elite group, only 500 designees have achieved CDP status.

Michael P. Kercheval, President and CEO of ICSC said of Ralston, “A mark of excellence, ICSC certifications give special recognition to shopping center professionals like you who demonstrate the highest levels of competency in their specialty as proven through solid professional education, experience, ethics and passing a rigorous examination.

“You have a proven record of accomplishment, experience, and success and are now counted among the most professional of your peers.”

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

brigid@srdcommercial.com

HFF arranges sale of $31.6 million loan secured by Southfield, MI multi-housing properties

Wickliffe Kirby

DALLAS, TX – HFF announced today that it has arranged the sale of a senior mortgage loan secured by three multifamily properties located in Southfield and Oak Park, Michigan. 

Providence Green, Providence Tower and Providence Place contain a total of 1,312 units built between 1965 and 1968. 

HFF marketed the $31.6 million loan on behalf of a major financial institution. 

The loan was originated by the lender in 2006 to fund the acquisition of the three collateral properties and an additional property that was later sold by the borrower. 

The loan had an original funding balance of $41.3 million before it was later reduced from the sale of the fourth property.  The loan is set to mature in May 2014.

William O'Donnell

As of August 2013, Providence Green (723 units), Providence Tower (242 units) and Providence Place (347 units) had a combined occupancy of 65 percent.  The properties are located near the intersection of West 9 Mile Road and Greenfield Road approximately 10 miles northeast of the Detroit CBD.

               The HFF team representing the seller was led by managing director Daniel O’Donnell and associate director Wickliffe Kirby.

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 arranges $5.4 million financing for single-tenant industrial facility in Carteret, NJ

700 Blaire Road, Carteret, NJ

Jon Mikula

FLORHAM PARK, NJ – HFF announced today that it has arranged $5.4 million in financing for 700 Blair Road, a 234,325-square-foot, single-tenant, light industrial building in Carteret, New Jersey.

HFF worked on behalf of the borrower, The Hampshire Companies, to secure the seven-year, fixed-rate financing through Nationwide Real Estate Investments.  HFF previously sold the property to The Hampshire Companies in August 2013.

700 Blair Road is fully leased to, and functions as the corporate headquarters for Berjé Inc., a global leader and distributor of essential oils and aromatic chemicals with more than 60 years of experience supplying the flavor, fragrance, pharmaceutical and allied trades.

 The recently renovated property is situated on 12.41 acres close to Interstate 95/NJ Turnpike, Newark Liberty International Airport and Port Elizabeth/Newark.

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

Michael Klein

“The property’s recent upgrades, proximity to an extensive transportation infrastructure, and long term lease made this an attractive deal for Nationwide,” said Klein.  “As a result HFF was able to secure a very attractive rate and full-term, interest-only loan that best met Hampshire’s needs.”

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.

  

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

www.hampshireco.com.

EDGEHome System installation

SAN DIEGO, CA and ORANGE COUNTY, CA (Jan. 27 2014) – Green Edge Technologies, creators of EDGEhome, has announced an agreement with Irvine, Calif.-based TRI Pointe Homes to offer EDGEhome, the most advanced home intelligence system available, in four of the builder’s new communities in Southern California.

Scott Steele

 “This is a very exciting endeavor for our firm and a milestone for the EDGEhome product,” said Scott Steele, CEO and founder of Green Edge Technologies.

 “This agreement with TRI Pointe Homes will allow its homebuyers to be the first to experience the power of EDGEhome’s user-friendly, cost efficient and green home intelligence system.”

 Designed by a team of highly experienced former Motorola executives, designers, and engineers, EDGEhome provides consumers with real-time energy monitoring and control of every point of electricity usage in the home through a modern and intuitive user interface. 

The system is comprised of wireless devices, a tablet, and mobile applications that allow homeowners to conveniently monitor and control electrical usage and lighting throughout their home. The wireless devices are installed in every junction box and behind every switch and outlet in a home, providing ubiquitous coverage.

 To learn more about this revolutionary system and how to put it into your next development, visit www.edgehome.com or visit the EDGEhome booth (S1862) at the upcoming International Builders Show in Las Vegas on February 4 – 6.

   

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

Mark Thomton, mthomton@taylorjohnson.com, 312-267-4523

Emerson International negotiates new long-term lease agreement in Maitland Center Parkway office building

2600 Maitland Center Parkway, Maitland, FL

Altamonte Springs, Fla. --- Emerson International recently negotiated a new long-term lease agreement with Excel Mortgage Servicing, Inc. at 2600 Maitland Center Parkway.

Kenneth Koch, director of leasing at Emerson International, said Excel Mortgage Servicing leased 3,464 square feet of office space at the Maitland Center building.

Koch negotiated the lease agreement representing Emerson International, the landlord.  David Lundberg, managing partner of Commercial Equity Partners represented the tenant, Excel Mortgage.

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

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com

Arbor Appoints Patrick Boyle as Vice President

 

Patrick Boyle

UNIONDALE, NY (Jan. 27, 2014) – Arbor Commercial Mortgage, LLC (“Arbor”) today announced the appointment of Patrick Boyle as Vice President.

 Mr. Boyle is responsible for originating multifamily 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 Bel Air, MD, office and reports to Ken Fazio, Senior Vice President, National Production Manager.

Mr. Boyle brings more than 13 years of commercial real estate financial services to Arbor. Most recently, he served as Vice President of a private Washington, DC-based lender specializing in commercial real estate financings nationwide.

Mr. Boyle began his career with J.P. Morgan’s Investment Banking Division in New York, where he focused on leveraged buyouts in the retail and manufacturing sectors.  During the past 12 years in the industry, Mr. Boyle has closed more than $2 billion in financings.

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

Christopher Ostrowski

costrowski@arbor.com

Emerson International negotiates new long-term lease agreement in Maitland Center Parkway office building in Maitland, FL

Kenneth Koch

Altamonte Springs, FL--- Emerson International recently negotiated a new long-term lease agreement with Excel Mortgage Servicing, Inc. at 2600 Maitland Center Parkway.

Kenneth Koch, director of leasing at Emerson International, said Excel Mortgage Servicing leased 3,464 square feet of office space at the Maitland Center building.

Koch negotiated the lease agreement representing Emerson International, the landlord.  David Lundberg, managing partner of Commercial Equity Partners represented the tenant, Excel Mortgage.

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

 Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com

Steve Hyatt of Berger Commercial Realty Brokers Sale of Downtown Fort Lauderdale, FL Office Building for More Than $2 Million

  

Former AIDS Healthcare Foundation Inc. headquarters,
 955 South Federal Highway, Fort Lauderdale, FL

  

Steve Hyatt

FORT LAUDERDALE, FL- Berger Commercial Realty Senior Vice President Steve Hyatt announced the sale of a 24,000-square-foot office building in Fort Lauderdale from the AIDS Healthcare Foundation, Inc. to Sapphire Investment Fund, LLC.

Located at 955 S. Federal Highway, the four-story building and adjoining parking lot sold in two separate transactions for a total of $2,025,000.

 "I had tremendous interest in this property and showed it close to 60 times," said Hyatt, who represented the Foundation in the transaction. 

"The buyer is an Australian developer who plans to spend more than $2 million to extensively renovate the building for speculative office space."  There were three other buyer groups in line as back- ups"

 The high-visibility building along Federal Highway , which formerly housed the Broward County Building and Zoning department, was completely gutted on the inside prior to the sale.

 "This sale marks our seventh in downtown Fort Lauderdale since October 2012, bringing our recent sales volume in the area to $26 million," Hyatt added.

"This sub-market of Broward County has seen a big surge in sales of well-located office buildings under 50,000 square feet. There is not much available product left in this size range for the owner/user or the speculative investor."

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

Marielle Sologuren

msologuren@piersongrant.com

(954) 776-1999, ext. 226

www/bergercommercial.com

Crossman & Co. Closes Sale on Marketplace Shopping Center in Tennessee

        

John Zelinski

MADISONVILLE, TN -- Marketplace Shopping Center, a 39,400 square foot neighborhood shopping center anchored by a dark Food Lion, has been acquired by a private buyer. This transaction represents the second property sold in Tennessee and the eighth property sold in the last nine months by Crossman & Company.

Senior Vice President John Zielinski said “the dark anchor space created some challenges but we were able to find an owner-user while simultaneously negotiating a buyout of the anchor lease.  This structure helped ensure that we achieved the best price for our institutional client.” 

“Retail anchors, both traditional and non-traditional, have increasingly sought to buy the entire shopping center rather than just leasing their individual space,” said Director, Brian Carolan.

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

Claire Pagán

Phone  407.581.6223 |

Email  cpagan@crossmanco.com

IPA Adds Leading Arizona Apartment Broker to National Team

Steve Gebbing

PHOENIX,  AZ—Institutional Property Advisors (IPA), a division of Marcus & Millichap Real Estate Investment Services, is pleased to announce the expansion of its national team of senior advisors with the addition of Steve Gebing, according to Brian Murdy, national director of IPA.

            Gebing has been a leading broker of major multifamily properties with Marcus & Millichap for more than seven years, completing over $532 million in transactions in the last two years.

Gebing’s clients include some of the nation’s largest institutional and major private multifamily investors. As a senior director, he will be responsible for IPA’s Arizona office.

“We are excited to have Steve join IPA,” says Murdy. “He will continue building our presence in serving the robust Arizona markets and Nevada as well.”

Brian Murdy

Gebing and his business partner, Cliff David, a Marcus & Millichap vice president investments, are one of the strongest investment sales teams in Arizona.

David will remain focused on the private client segment of the market while Gebing will focus on serving the needs of institutional clients through the IPA division.   Gebing and David will be located in IPA’s Phoenix office along with Peter Katz, whose primary responsibility is overseeing student housing for IPA nationally.

“The addition of Steve to our team is an important part of our strategic plan to provide comprehensive and integrated investment advisory services to major apartment investors through an expanding national collaborative platform,” says Hessam Nadji, Marcus & Millichap’s chief strategy officer.

Gebing joined Marcus & Millichap in 2006 as an associate in the firm’s Phoenix office, rising to vice president investments in July 2012. Gebing has earned three national achievement awards and three sales recognition awards.

Prior to joining Marcus & Millichap, Gebing spent nearly seven years working for IBM, where he served as the worldwide sales and marketing manager for IBM’s emerging storage virtualization software.

Cliff David

In this role, Gebing had responsibility for identifying new market opportunities, coordinating go-to-market activities, as well as developing, communicating and strengthening the portfolio's value proposition. 

Since its introduction, IPA’s sales volume of major apartments has nearly doubled, positioning IPA/Marcus & Millichap among Real Estate Alert’s top five institutional apartment brokers nationally.

 In October 2013, the firm expanded its services by introducing IPA Capital Markets, which works in an integrated fashion with the firm’s investment sales advisors to provide institutions and major private investors with a full range of financing services from a global suite of capital providers.

  

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

Gina Relva

Public Relations Manager

(925) 953-1716

Chatham Lodging Trust Announces Marketing of Joint Venture Hotel Portfolio

  

Jeffrey H. Fisher

PALM BEACH, FL —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 the Chatham/Cerberus joint venture is offering for sale the 51-hotel, 6,847 room Innkeepers portfolio. Eastdil Secured is exclusive advisor for the offering.

The offering represents a rare opportunity to own a highly-diversified portfolio of newly renovated hotels that are supported by superior locations, leading brands, strong property performance, substantial recent capital investment and compelling, long-term value enhancement opportunities.

The portfolio is being offered unencumbered by management contracts and has a $950 million interest-only loan in place with a floating interest rate of LIBOR + 4.8 percent that is assumable subject to certain conditions.

The portfolio benefits from $171 million in capital expenditures since 2007 or approximately $25,000 per room. Operating performance has been strong in 2013 with estimated RevPAR growth of 5.5 percent, a RevPAR penetration index of 129 and estimated EBITDA of approximately $101 million.

“Having owned or operated the portfolio for quite some time, we know these hotels very well, its results are very strong, and with industry experts projecting attractive growth in the future, we would expect the portfolio to continue to produce great results” said Jeffrey H. Fisher, Chatham’s chief executive officer.

 “The joint venture has already returned 92 percent of our original capital investment, so if a sale occurs, the potential value that may accrue to Chatham because of our promote interest could be meaningful.”

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

Jerry Daly, Carol McCune                                 

Daly Gray Public Relations                                  

(Media)                                                                 

(703) 435-6293                                                    

jerry@dalygray.com

Dennis Craven

Chief Financial Officer

(Company)                

(561) 227-1386              

dcraven@cl-trust.com

www.chathamlodgingtrust.com.