Marcus & Millichap Capital Corp. Names Dean Giannakopoulos Director in Downtown Chicago Office

Dean Giannakopoulos

CHICAGO, IL,  Jan. 28, 2014 – Marcus & Millichap Capital Corp (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has promoted Dean Giannakopoulos to director in the firm’s Chicago Downtown office, according to MMCC’s central region vice president, Charles Krawitz.

“Dean’s ability to leverage the strength of the Marcus & Millichap Real Estate Investment Services platform, combined with his knowledge and experience, is a winning proposition for owners, buyers and agents,” says Krawitz.

Giannakopoulos began his career with MMCC in 2011 as an associate director. 

He has been involved in nearly $1.5 billion in commercial real estate finance transactions over his career and  is responsible for securing commercial debt and equity financing for an array of property types including multifamily, office and industrial, retail, manufactured housing and hospitality.

Charles Krawitz

According to Krawitz, Giannakopoulos arranged approximately $70,000,000 in commercial financing for both internal and external clients in 2013 through his relationships with national, regional and local funding sources.

Giannakopoulos received a Bachelor of Science degree in finance from the University of Illinois, Urbana-Champaign.

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

Gina Relva

Public Relations Manager

Marcus & Millichap Capital Corporation

(925) 953-1716

Fort Lauderdale Industrial Property Sells for More Than $1.2 Million

St. George Guardabassi

FORT LAUDERDALE, FL (Jan. 28, 2014) – Berger Commercial Realty broker St. George Guardabassi handled the sale of a 17,800-square-foot industrial building to Mareleng Inc. for $1,225,000.

 Guardabassi represented the seller, Baer Investment Management.

The property, which will be used by a marine engineering business, features a large rectangular warehouse with three docks, drive-in ramp door, 18-foot clear height ceilings, three-phase electricity, and ample parking and a fenced side yard.

 It is located at 840 N.W. 57th Place in Fort Lauderdale-- north of Commercial Boulevard, south of Cypress Creek Road, and east of Powerline Road, near I-95.

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

Marielle Sologuren

Pierson Grant Public Relations

(954) 776-1999, ext. 226

msologuren@piersongrant.com

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