Stirling Sotheby’s International Realty Named Marketing Agents For $799,000 Renaissance at Lake Ivanhoe Condominium in Orlando, FL

Marisol Santiago

ORLANDO, FL --- Stirling Sotheby’s International Realty has been named exclusive sales and marketing agents for a three-bedroom, three-and-one-half bath luxury condominium overlooking Lake Ivanhoe at Renaissance at Lake Ivanhoe Condominium.

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said International Luxury Homes Specialist Marisol Santiago with Stirling Sotheby’s Dr. Phillips Marketing Center serves as listing agent for the property.

With 3,129 square feet of living space--substantially larger than the average new home--the Renaissance condominium is priced at $799,000, Soderstrom said.

“That’s significantly lower than comparable homes in the downtown Orlando area,” Soderstrom said.

The residence was recently renovated and features a spacious custom kitchen with cherry finished cabinetry, granite countertops, built-in SubZero® appliances, and a center island. The kitchen opens onto a spacious family room with private lakeside verandah that measures 13' by 31' for a panoramic viewing.

Renaissance at Lake Ivanhoe Condominium
Downtown Orlando, FL

Access to the professionally decorated residence is provided through a private elevator.

The Renaissance at Lake Ivanhoe Condominium offers personalized concierge services, a billiards room, an audio visual room, a fitness center, a grand ballroom, and a spacious pool area. 

To view a video of the property, go to http://www.stirlingsir.com/eng/1110ivanhoemarisol

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

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Mother-Daughter Team will Work the Lake Nona and Medical City Area in South Orlando, FL for Stirling Sotheby's International Realty

Jodi Emrick (left) and daughter Erica Pucini

ORLANDO, FL– The mother and daughter team of Jodi Emrick and Erica Pulcini, recently named International Luxury Homes Specialists at Stirling Sotheby’s International Realty, will work the Lake Nona and Medical City region. 

Emrick and Pulcini both live in the Lake Nona-Medical City area and, according to Roger Soderstrom, owner and founder of Stirling Sotheby’s International Realty, are very connected and well known in the area that includes St. Cloud. 

Emrick, with nearly 30 years of experience, formerly was broker of record for Lake Nona Realty where she and her sales team produced record-level sales of new homes and resale properties within Orlando’s prestigious Lake Nona Golf & Country Club community.  

Emrick has been a licensed broker since 2004 and most recently she was managing broker for Premier Sotheby’s International Realty’s Sarasota office.  She has sold multiple millions of dollars in luxury properties throughout her career.

Pulcini has more than 20 years of experience in sales and marketing in the pharmaceutical and construction industries.  She also held a successful career as director of membership and events at Lake Nona Golf & Country Club. 

  

Lake Nona Golf and Country Club, Lake Nona, Orlando, FL

She has worked hand in hand with all club members and is focused on customer service, which “fits well into the Stirling Sotheby’s International Realty culture,” Soderstrom said.  

Pulcini is skilled in the fitness and wellness lifestyle that is sweeping the country and is extremely prevalent in the Lake Nona Medical City region. Soderstrom said.  As an added plus, she is an accomplished chef – Pulcini attended Le Cordon Bleu and has a diploma in Culinary Arts. 

Soderstrom said the mother and daughter team will also play an important role in Stirling Sotheby’s International Realty’s planned Global Real Estate Marketing Center coming to the Lake Nona area.

“Both Jodi and Erica are well-tuned to the needs of discerning buyers and sellers in the Lake Nona / Medical City areas which are poised for significant growth,” Soderstrom said. 

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

National Retail Properties, Inc. Declares Dividends for its Series D Preferred and Series E Preferred Stock

Orlando, Florida, May 15, 2014 - The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its 6.625% Series D Cumulative Redeemable Preferred Stock of 41.40625 cents per depositary share payable June 16, 2014, to shareholders of record on May 30, 2014. 

  The Board also declared a cash dividend on its 5.70% Series E Cumulative Redeemable Preferred Stock of 35.625 cents per depositary share payable June 16, 2014, to shareholders of record on May 30, 2014.

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

investorrelations@nnnreit.com

Annaly Capital Management, Inc. Announces Preferred Dividends

NEW YORK, NY -- (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 2014 of $0.492188 per share of Series A Preferred Stock. This dividend is payable on June 30, 2014, to Series A Preferred Stock shareholders of record as of June 2, 2014.

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 2014 of $0.476563 per share of Series C Preferred Stock. This dividend is payable on June 30, 2014 to Series C Preferred Stock shareholders of record as of June 2, 2014.

In accordance with the terms of Annaly’s 7.50% Series D Cumulative Redeemable Preferred Stock (“Series D Preferred Stock”), the Board of Directors of Annaly has declared a Series D Preferred Stock cash dividend for the second quarter 2014 of $0.46875 per share of Series D Preferred Stock. This dividend is payable on June 30, 2014 to Series D Preferred Stock shareholders of record as of June 2, 2014

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

Annaly Capital Management, Inc.

Investor Relations

1-888-8Annaly

www.annaly.com

Buckhead Atlanta Opening Set for September

Rendering of  Buckhead Stlanta development scheduled to open in September

ATLANTA, GA -- After years of being a symbol of the optimism and vision for Buckhead as well as the painful reality of the recession, the tower crane that has been standing over Buckhead Atlanta for more than five years is coming down on Saturday, May 17, signally the end of vertical construction and transition into a new phase of development.

 When the crane came back to life in 2013 to restart the Buckhead Atlanta construction, it symbolized the long, slow trek the Atlanta economy had endured was coming to an end. And signaled excitement for the destination being born.

Buckhead Atlanta will open in September, as the long-awaited block-by-block redevelopment of the Buckhead Village.

Retailers and restaurants, 29 of them, have been announced. The tower crane will no longer be needed as construction moves into finer detailing and landscaping.

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

Coleman Wood

JACKSON | SPALDING

P 404-214-3549

E cwood@jacksonspalding.com

Celebration Place Office Building in Celebration, FL Sells for $25.7 Million

200 Celebration Place, Celebration, FL

Douglas K. Mandel

CELEBRATION, FL,  May 16, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 200 Celebration Place, a nine-story, 166,131-square-foot office building fully leased to Walt Disney Parks and Resorts U.S. Inc. in Celebration, Fla.

The $25,700,000 sales price equates to $155 per square foot.

            Douglas K. Mandel, a first vice president investments in Marcus & Millichap’s Fort Lauderdale office, and Ray Turchi, a senior associate in the firm’s Orlando office, represented the buyer and seller, both of which are institutions.

            “The asset is part of a complex of office buildings all built to suit for the Walt Disney World Co. in 1995,” says Mandel. “The triple-net lease on this building runs through June 2017.”

            “The building is a high-quality investment property with stable income that is leased to one of the most successful and recognizable companies in the world,” adds Turchi.

Ray Turchi

             The property is located five minutes from the entrance to the Walt Disney World Resort, just west of the intersection Celebration Avenue and Celebration Place in Celebration, Fla., 25 minutes south of downtown Orlando.

             The 200 Celebration Place office building was constructed primarily of reinforced and post-tensioned concrete. 

The facades feature bands of clear or green insulated glass separated by cast-in-place concrete spandrels or painted aluminum panels. 

Entry facades and other wall sections consist of red Agra sandstone over a concrete masonry unit substrate and architectural concrete tilt-wall panels. 

On the inside, the entrance corridor and elevator lobby areas have marble floor coverings and some of the lobby areas have Disney-themed artwork painted on the walls.

            There are 594 parking spaces. All the landscaped areas are irrigated with a multi-zone sprinkler system controlled by timers and supplied with reclaimed water provided by the Kissimmee Utility Authority. Celebration, Fla. was designed and built by the Walt Disney Co. Walt Disney Parks and Resorts, U.S. Inc. is a subsidiary of Walt Disney World Co.

  

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

Gina Relva

Public Relations Manager

(925) 953-1716

Commercial Real Estate Industry is Ideal Vertical for Crowdfunding

Grady Thrasher

ATLANTA (May 15, 2014) – Commercial real estate is the ideal vertical for crowdfunding for several reasons, including the industry’s transparency, according to a new white paper from CrowdVested.

Real estate crowdfunding enables people to join with neighbors to invest in redevelopment projects in their communities. 

Most people have a certain innate understanding of real estate because buying a home was their first major investment.

 And through access to public records and comps, real estate offers more information to everyday investors than virtually any other investment.

“We are really excited to release this white paper today, which explains the history of real estate crowdfunding and breaks down how equity crowdfunding deals work,” said Grady Thrasher, CEO of CrowdVested, the Atlanta-based crowdfunding platform for commercial real estate. “Perhaps most importantly, the white paper outlines seven questions potential investors should ask before participating in a deal.”

The white paper comes as CrowdVested gains momentum on its first campaign, which it announced in late April in conjunction with Atlanta-based Paces Properties. Paces seeks to acquire, renovate and lease seven largely vacant retail buildings in the East Atlanta Village of Atlanta. Paces is raising a piece of its financing through crowdfunding.

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

Caroline Wilbert

(404) 748-1250

cwilbert@thewilbertgroup.com

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

2744  North Lincoln Avenue, Chicago, IL

James Darrow

 CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the recent sale of 2744 N. Lincoln Avenue, a brick mixed-use property located in the Lincoln Park neighborhood.

The property is situated on the western side of Lincoln Avenue just south of the heavily trafficked intersection of Diversey Parkway and Lincoln Avenue.

The building is conveniently located in close proximity to both the Fullerton & Diversey L Stop providing easy access to the Brown, Purple, and Red CTA lines.

 The 4,200 square foot building contains: 2,100 square feet of retail space on the first floor and a 2,100 square foot loft style apartment on the second floor. The loft apartment features floor-to-ceiling windows, exposed brick, and a washer & dryer hookup.

Jordan Gottlieb

The retail space is currently being used by the owner but will be vacant by closing.  Both units are individually equipped with HVAC systems and in-unit circuit breakers. There is also a two and half car garage at the rear of the property.

Jim Darrow and Jordan Gottlieb were the brokers in the transaction. The sale price was approximately $620,000.

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.co

Marcus & Millichap Has Exclusive Listing for South Beach, FL Retail Building Hitting the Market at $18.95 Million

Retail Building for Sale at 743--755 Washington Avenue
South Beach, sector, Miami Beach,  FL

Drew A. Kristol

MIAMI, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has received the exclusive listing for a 17,500-square-foot retail property on the corner of 8th Avenue and Washington Avenue in the heart of the world-famous South Beach district in Miami Beach, Fla.

The asset is priced at $18.95 million. The building is anchored by national tenants Adidas and Adriano Goldschmied.

            Drew A. Kristol and Kirk Olson, vice presidents investments in Marcus & Millichap’s Miami office, are representing the seller, a Miami Beach-based private investor.

“This is a rare opportunity for an investor to purchase a trophy retail asset on Washington Avenue in South Beach, where retail properties have consistently appreciated over the past decade due to the rarity of the asset class, incredibly strong international tourism, and impressive local foot traffic,” says Kristol.

Kirk Olson

  “In addition to generous annual base rent increases in the existing leases, the property has significant upside potential through re-renting the vacant 6,000-square-foot retail space that is on the south side of the property.”

The building is situated on 19,500 square feet of land at 743-755 Washington Ave. in Miami Beach.

Adidas, a tenant in the building since 2003, recently extended its lease for three years and agreed to a rental increase. The property is surrounded by national retailers including Armani, Diesel Jeans, Banana Republic, Guess, Victoria’s Secret and Kenneth Cole.

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

Gina Relva

Public Relations Manager

(925) 953-1716

Trepp Acquires Commercial Real Estate Direct; Relationship Delivers Streamlined Access to CRE and CMBS News

Manus Clancy

(New York, NY – May 15, 2014) – Trepp, LLC, the leading provider of information, analytics, and technology to the CMBS, commercial real estate, and banking markets, today announced its acquisition of Commercial Real Estate Direct (CRE Direct), the subscription-based source for information and news on the real estate capital markets. 

“Trepp’s acquisition of CRE Direct was a logical step, as both our organizations focus on delivering valuable information to the commercial real estate and CMBS markets,” said Manus Clancy, Senior Managing Director at Trepp.  “CRE Direct is a proven source of daily news and information, as well as a robust research tool with more than 80,000 stories going back to 2000,” Clancy said.

The acquisition brings together two firms with strong client rosters and market reputations.  With a readership of more than 10,000, CRE Direct delivers an online daily news site and a weekly newsletter publication via a subscription-based service. 

  Trepp’s client base includes more than 800 financial institutions that access Trepp’s web-based tools for CMBS trading and analysis.

“While CRE Direct will continue to operate independently, our mutual clients will clearly benefit from streamlined access to additional information and analysis,” said Orest Mandzy, managing editor of CRE Direct.  “More specifically, our CRE Direct clients and advertisers will see immediate opportunities that come from expanded delivery channels and access,” Mandzy said.

 Trepp will be delivering authorized access to CRE Direct through its product suite, namely TreppTrade, TreppCMBS and TreppLoan.

  The new capability will be unveiled at the Commercial Real Estate Finance Council conference in New York on June 9. 

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

Eric Gerard

Eric@greatink.com

$11.3 Million Medical Building Sold by Marcus & Milllichap in Downey, CA

Brookshire Medical Building, 11411 Brookshire Avenue, Downey, CA

Michael Lawrence

DOWNEY, CA, May 15, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of the Brookshire Medical Building, a 56,121-square-foot medical building located in the southeast Los Angeles County city of Downey.

            Michael Lawrence, a senior vice president investments in Marcus & Millichap’s Newport Beach office, represented the seller, an affiliate of WRA Property Management Inc. David Black, a vice president investments in the firm’s Long Beach office, represented the buyer, PIH Health.

            “The asset is a five-story, multi-tenant medical building located directly across from the former Downey Regional Medical Center, which is now PIH Health Hospital – Downey,” says Lawrence. “The property has received more than $2,000,000 in capital expenditures and tenant improvements during the past 10 years.”

            “With long-term tenancy, well-staggered lease expirations and 78 percent occupancy at the time of the sale, the Brookshire Medical Building provides the new owner with stable income, value-add opportunities and excellent long-term appreciation potential,” adds Black.

David Black

            The building is located at11411 Brookshire Ave. in Downey, Calif. Four major interstate freeways, 710, 605, 105 and 5, are nearby, as is public transportation access.

            The Brookshire Medical Building was constructed in 1970 on a two-acre-plus signalized corner parcel. Recent renovations include roof work, elevator modernization, parking lot slurry, HVAC compressors and exterior paint.

  

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

Gina Relva

Public Relations Manager

(925) 953-1716

North Phoenix, AZ Apartment Community Sells for $10.1 Million

  

Tuscany Pointe Apartments, Phoenix, AZ

PHOENIX, AZ, May 15, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Tuscany Pointe Apartments, a 236-unit multifamily community in Phoenix, Ariz. The $10,100,000 sales price equates to $42,797 per unit.

Cliff David

            Cliff David, a Marcus & Millichap vice president investments, and Steve Gebing, a senior director with Institutional Property Advisors, a Marcus & Millichap company, both located in the firm’s Phoenix office, represented the seller, Howe Group LLC. David and Gebing also advised the buyer, The Lodge Complex Tulsa LLC.

            “Built in 1981 in an established north Phoenix neighborhood, Tuscany Pointe is well positioned for revenue enhancement through strategic interior and exterior renovations,” says David.

            The property is located on 8.3 acres at 14830 North Black Canyon Highway in Phoenix between the North Interstate 17/Deer Valley employment corridor, an area encompassing 17.5 million square feet of retail, office, industrial and flex space and the Metrocenter Mall, a 107-acre shopping center composed of approximately 1.7 million square feet of retail space.

Steve Gebbing

            Developed by Lincoln Property Co., each Tuscany Pointe apartment features a fully equipped kitchen with a large pantry space, an oversized bathroom vanity and pre-wiring for cable television.

Walk-in closets, ceiling fans, built-in microwaves, balconies/patios and upgraded wood-style vinyl flooring are available in select units.

 Community amenities include two swimming pools, a fitness center with cardio- and weight-training equipment, a sport court, barbecue grilling stations, a shaded playground, two laundry facilities and lighted, covered parking.

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

Gina Relva

Public Relations Manager

(925) 953-1716

Kiser Group Brokers Six Property Sales Including Condos, Apartment, Mixed-Use, and Retail in Chicago Area

  

4141 North Kedzie Avenue Apartments, Irving Park neighborhood, Chicago, IL

CHICAGO, IL (May 15, 2014) – Kiser Group, Chicago’s leading mid-market commercial real estate brokerage firm, recently brokered the sales of six Chicago-area properties.

                6938 S. Cregier Avenue

         Jackson Park Highlands District

                    Chicago, IL  

The April 2014 closings included 19 units in a 24-unit condominium building in Irving Park; a 32-unit walk-up apartment property in the Jackson Park Highlands District of Chicago’s South Shore neighborhood; a six-unit, mixed-use property in Edison Park; a free-standing retail building in Bolingbrook; a five-unit apartment property in Humboldt Park, and a 12-unit apartment building in Bronzeville.

The properties include:         

4141 N. Kedzie – Irving Park

6938 S. Cregier – Jackson Park Highlands/South Shore

6710-12 N. Northwest Highway – Edison Park

109 Southwest Frontage Road - Bolingbrook

1651 N. Francisco – Humboldt Park

4317 S. Michigan - Bronzeville

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

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

Griffin-American Healthcare REIT III Meets Minimum Offering, Enters Agreements to Acquire Three Atlanta Medical Office Buildings

Dan Prosky

ATLANTA (May 14, 2014) – American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III, Inc., announced today that the REIT reached its minimum offering of $2 million in subscriptions on May 12.

 As a result, all initial subscribers have been admitted as stockholders of Griffin-American Healthcare REIT III and proceeds from initial subscriptions that had been placed in escrow until the minimum offering was reached have been released by the escrow agent, provided that residents of Washington and Pennsylvania will not be admitted until aggregate subscriptions exceed $20 million and $87.5 million, respectively, in shares sold. 

These funds are now available to the REIT for the acquisition of real estate assets and other purposes. 

“Each of these medical office buildings is located near, or closely affiliated with, a large hospital system in the heart of a thriving community with growing demand for healthcare services,” said Dan Prosky, a principal of American Healthcare Investors and president and chief operating officer of Griffin-American Healthcare REIT III. 

“These are among the key traits we seek when evaluating an asset for acquisition, and make these three Atlanta-area medical office buildings ideal acquisitions for Griffin-American Healthcare REIT III.”

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

Damon Elder  

(949) 270-9207

delder@ahinvestors.com

HFF arranges sale of landmark Raleigh Hotel in Miami Beach, FL

Raleigh Hotel, 1775 Collins Avenue, Miami Beach, FL

Claudia Steeb

MIAMI, FL – HFF announced today that it arranged the sale of the Raleigh Hotel, a 105-room, historic art-deco hotel located on the Atlantic Ocean in the heart of Miami Beach, Florida.

                HFF was engaged by the affiliates of Tristar Capital led by David Edelstein and sbe Hotel Group (“sbe”) led by Sam Nazarian, to identify possible strategic capital alternatives, including a recapitalization, financing and potential sale, for the iconic oceanfront property located at 1775 Collins Avenue. 

The acquisition of the Raleigh Hotel by The Raleigh Group, the luxury hospitality group founded by Tommy Hilfiger, proved to be a unique strategic opportunity for Tristar and sbe to honor the iconic stature of the hotel through its sale to a world renowned designer and entrepreneur committed to preserving the Raleigh’s unique style and rich history. 

sbe will continue to manage the property, which will soon undergo a transformational renovation under the direction of The Raleigh Group’s recently appointed CEO, David Pisor.               

Max Comess

The HFF real estate investment banking team representing the seller was led by Manuel de Zarraga, Max Comess and Cyrus Vazifdar, along with the assistance of Claudia Steeb and Dan Peek.

“The extraordinary interest of the capital markets and investors in landmark Miami Beach lodging properties, such as the Raleigh, is driven by the recognition of South Beach as a top-tier global destination, coupled with the virtual absence of oceanfront property opportunities,” commented executive managing director de Zarraga.

Comess, a director in the hotel group, adds, “The sale of the Raleigh Hotel is one of the most significant trades in the history of Miami Beach’s lodging market in that it combines one of the country’s most prized hotels with a visionary lifestyle leader and entrepreneur, Tommy Hilfiger.”

HFF’s hotel group has been extremely active in South Florida, which has emerged one of the top investment targets in the U.S for domestic institutional and foreign hotel owners across all lodging segments. 

The HFF hotel group previously arranged the sale of the Seville Beach Resort, which is in its final stages of redevelopment and will soon reopen as the Edition South Beach. 

More recently, the team arranged the recapitalization of the Cheeca Lodge and sales of properties including Haddon Hall in Miami Beach, Ritz-Carlton Fort Lauderdale and the Waldorf Astoria Naples.

Tristar Capital is a leading New York City-based real estate firm that builds and invests in both commercial and residential properties, including the W South Beach Hotel and numerous retail properties such as Miracle Mile Shops in Las Vegas and high street retail in New York and Miami Beach.

sbe is a global hospitality and entertainment company helmed by visionary founder, chairman and CEO Sam Nazarian, which comprises a thriving collection of award-winning hotels, casinos, residences, restaurants and nightlife destinations, including the SLS South Beach, Beverly Hills and Las Vegas.

Manuel de Zarraga

The Raleigh Group is an affiliate of Hilfiger Hospitality, a new hospitality venture formed by Tommy Hilfiger to develop a new international luxury lifestyle hospitality brand that brings to life Tommy's passion for authentic service and first class hospitality.

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

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com