Crown Group Awarded Industry’s Top Design Award for Green Square Project in Sydney, Australia

SYDNEY, AUSTRALIA  - A Sydney-based property developer has won a prestigious industry design award for its innovative mixed-use development at Sydney’s new Green Square precinct in Zetland.

Crown Group was awarded Best Concept Design for its 301-303 Botany Road Zetland development at the 20th Annual Urban Development Institute of Australia (UDIA) NSW hosted Austral Bricks Awards for Excellence, held at Star Casino in Sydney on Friday night.

 Crown Group CEO Iwan Sunito said the prestigious UDIA NSW Concept design award recognised the company’s dedication and hard work to create an innovative design concept for the important site.

 Designed by Koichi Takada Architects, the building’s curved form provides a smooth transition to the plaza and public domain spaces. 

"Our Green Square site is a unique opportunity for Crown Group to create a world-class development with architectural significance,” Mr Sunito said.

 “The project draws on Crown Group's 18 years' experience developing residential property in Sydney and will showcase the world's best in innovative residential design.

“It will be a landmark building within the new Green Square Town Centre.”

 Located at 301-303 Botany Road, a short distance from Green Square train station, Crown Group’s project is located within the new Green Square town centre, a major new residential, retail and cultural hub – which sits at the heart of a broader $8 billion redevelopment of Green Square.

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

Hwee Peng Yeo

Vice President, Asia Markets

Glodow Nead Communications

San Francisco • New York • Singapore • Shanghai

Level 21, Centennial Tower, 3 Temasek Avenue • Singapore 039190

1700 Montgomery Street, Suite 203 • San Francisco, CA • 94111

Asia: 65.9768.6087  US:415.394.6500 • E: hweepeng@glodownead.com

www.GlodowNead.com

Lifescapes International Completes One-Acre Rooftop Deck with Las Vegas Flair at Lyon Communities’ New Apartment Community ‘The Marke’

Julie Brinkerhoff-Jacobs

Orange County, CA– Suburban apartment communities have never had the feel of a Las Vegas pool party setting – until now. 

Lifescapes International, landscape architectural firm and the creative force behind popular destinations such as the Wynn Resort’s Encore Beach Club, Tao Beach at the Venetian and Station Casino’s Red Rock Resort in Las Vegas, has completed a one-acre rooftop design that creates a Las Vegas level of excitement at The Marke, a new apartment community in Orange County developed by Lyon Communities.

The recently completed rooftop at The Marke incorporates a variety of Las Vegas style amenities, including fire pits, a resort-style saltwater pool and spa, a bar, an outdoor theater, and private cabanas, as well as two clubhouses, one of which includes a two-lane bowling alley, a full bar/restaurant area, and gaming. 

  The second clubhouse is dedicated to an elite training facility that features Ryan Capretta of Proactive Sports Performance.

Frank Suryan Jr.

According to Julie Brinkerhoff-Jacobs, president of Lifescapes International, her firm was selected as the landscape architect for The Marke, in part, based on its tremendous depth of experience in Las Vegas, which includes 12 of the most notable destination resorts on the Strip and many others throughout the city.

“In one of our first meetings, Lyon Communities’ Chairman and Chief Executive Officer Frank Suryan, Jr. said to me, ‘Some things that happen in Las Vegas shouldn’t stay in Las Vegas.’  

"So we set out to design and deliver an environment that is as fun and as entertaining as the successful young professionals who are moving into The Marke,” Brinkerhoff-Jacobs explains.

The Marke Apartments, Santa Ana, CA

            “We recognize that beautiful and creative outdoor spaces aren’t just about having a great look, but are also about generating a vibrant energy.  At The Marke, we’ve delivered a true nightlife and entertainment vibe,” she adds. 

            The Marke apartment community is itself a cutting-edge, five-story, 300-unit luxury apartment community designed to transcend the area’s more typical offerings by bringing an entirely new level of millennial and empty-nester luxury to its residents. 

 Additional information is available at www.lifescapesintl.com.

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

 Lexi Astfalk

Jr. Account Executive

Brower, Miller & Cole

895 Dove Street, Third Floor

Newport Beach, CA 92660

p: (949) 955-7940

lastfalk@browermillercole.com

Davidson Hotels & Resorts to Manage Franklin Marriott Cool Springs in Tennessee

Franklin Marriott Cool Springs Hotel, Franklin, TX

FRANKLIN, TN, Aug. 12, 2014—Davidson Hotels & Resorts, one of the nation’s largest, independent hotel management companies, today announced that it has taken over management of the 300-room Franklin Marriott Cool Springs in Franklin, Tenn. 

  Additionally, the company will operate the adjoining Cool Springs Conference Center.  

The hotel marks the eleventh hotel Davidson will operate on behalf of private real estate funds advised by Crow Holdings Capital - Real Estate (CHC-RE) and affiliates. 

The adjoining Cool Springs Conference Center, owned in partnership by Williamson County and the city of Franklin, is the fifth convention or conference center Davidson  operates on behalf of a municipality.  

The conference center contains more than 29,000 square feet of flexible event space, including the wedding-friendly Champion Ballroom, and offers the largest ballroom in the area, capable of accommodating up to 1,900 guests.

John Belden

“Not only have we been operating hotels in the Nashville area for two decades, but we’ve operated seven hotels statewide, showing just how deep our Tennessee roots run,” said John Belden, Davidson’s president and CEO.  

“Franklin is a thriving community with numerous business and leisure demand generators, making it an ideal addition to our growing portfolio of upper-upscale to near-luxury, full service hotels and high-density, select-service properties.  

"The Franklin Marriott Cool Springs has a strong reputation  within the community, and we look forward to continuing its history of active civic engagement. 

"We are particularly excited to be welcoming so many hard working and dedicated associates to the Davidson family.”

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

Cyndi Norwood                                                          Chris Daly (media)

Davidson Hotels & Resorts                                        Daly Gray Public Relations

(678) 349-0909                                                          (703) 435-6293

cnorwood@davidsonhotels.com                                chris@dalygray.com

www.crowholdingscapital.com/real-estate/about-us/.

Phillips Point Occupancy in West Palm Beach, FL Tops 96% With New to Market Tenants and Significant Renewals & Expansions

Phillips Points, West Palm Beach, FL

West Palm Beach, FL Aug. 12, 2014 -   Phillips Point, West Palm Beach’s most high profile office complex, continues to enjoy a historically high occupancy rate with $46.5 million in recent leasing transactions.

 Taylor & Mathis Principal, Brian Gale has secured four leases totaling 65,600 square feet, with additional deals in the works. In a new to market deal, Connecticut based Wexford Capital signed a 7,400 lease. 

The $4.5 million deal was co-brokered by Neil Merin and Shelbi Quinn of NAI/Merin Hunter Codman.

The towers have received strong interest from Northeast based hedge fund and wealth management firms like Wexford.

“These types of firms are choosing South Florida because of lower taxes and beautiful weather,” said Taylor & Mathis Principal Brian Gale.

ESPN radio West Palm office of Good Karma Brands will be relocating to Phillips Point Tower, having signed a one million dollar lease for 4,635 square feet. “Phillips Point continues to attract the highest quality tenants in the market, with its unparalleled views and quality of ownership,” said Gale.

Brian Gale

The key testament to Phillips Point’s iconic stature in the market is the tenants choosing to stay at the property. In the last couple of years, Taylor & Mathis has reported nearly 150,000 square feet in renewals and expansions, with heavy weight tenants, such as Gunster and Morgan Stanley. 

 This year has seen two notable renewals.  International law firm, Greenberg Traurig, LLP signed an early renewal for an additional 13 years at the property, signing a 30,254 square foot lease for their West Palm Beach office.  Co-broker Jon Bourbeau of Newmark Grubb Frank represented the law firm in the deal valued at $23 million. 

AMG Properties has more than doubled the size of their offices signing a 12,805 square foot expansion along with a 10,518 square foot renewal.  

Co-broker Darren Goldstein of Virtual Global Realty represented the real estate management firm in the 23,323 square foot, $18 million deal. “We anticipate seeing additional growth from them yet this year,” stated Gale. 

Neil Merrin

“These tenants conducted extensive due diligence during their search for office space before signing leases at Phillips Point,” stated Taylor & Mathis’ Principal, Brian Gale. 

“Phillips Point, with its timeless finishes and unmatched views,  was able to renew all the existing tenants with expiring leases, even with the shiny new office building being proposed – Related’s Gateway Tower.” 

The location provides seamless access to Palm Beach Island, directly across from the entrance to the Royal Palm Bridge, with Ocean and Intracoastal Waterway views from all sides.

 The building is home to internationally recognized tenants including, Gunster, Squire Sanders, Goldman Sachs and Akerman.  

Among the complex’s amenities are banking, valet parking, concierge, Morton’s Steakhouse, café and sundry shop, 24-hour manned security and on-site dining.

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

Brian Gale bgale@taylormathis.com  (305)476-8880 

Woodstock Square Shopping Center in Woodstock, GA Gains Momentum with Stars and Strikes’ 50,000 SF Lease

Aerial view, Woodstock Square Shopping Center, Woodstock, GA

ATLANTA, GA – Georgia-based Stars and Strikes has signed a new 50,000-square-foot, 15-year lease at Ackerman’s Woodstock Square Shopping Center in Woodstock, Ga. 

Jeff Rosenthal

Stars and Strikes, a family entertainment center, will use their new space to house state-of-the-art bowling lanes, a two-story laser tag arena, a laser maze, bumper cars, multiple private event spaces, and more. 

The new center marks their sixth location in Metro Atlanta and will bring nearly 100 locally filled jobs to Woodstock.

 “Stars and Strikes has seen and heard demand from the residents of Cherokee County and the surrounding area for a while now,” said Jack Canouse, managing partner and co-founder of Stars and Strikes. 

Woodstock Square Shopping Center allows the company to bring a family-focused entertainment center to the Woodstock-Marietta-Canton-Kennesaw area that guests of any age can enjoy.

 “We are excited to have Stars and Strikes as the new anchor tenant of Woodstock Square,” said Jeff Rosenthal, the property’s asset manager. “It is wonderful to partner with a local company to bring jobs and family entertainment to the community. 

Jack Canouse

"We are equally pleased to have been able to meet their business goals which included a highly visible location with easy access, excellent egress and ingress, a signalized intersection and abundant free parking in Woodstock,” he added.

 Ackerman Leasing Agent Angela Chapman represented the landlord in this transaction. 

 Woodstock Square Shopping Center, located on Highway 92 and less than a mile off Interstate 575, is a 79,969-square-foot neighborhood shopping center featuring two buildings and two outparcels. Long-term tenants include Subway, Goodyear, Edward Jones and Stevie B’s Pizza.

 Ackerman purchased the property in the late 90’s and has since sold one of the three original outparcels to Taco Bell. Following the opening of Stars and Strikes in the spring of 2015, Ackerman plans to freshen up the look of the shopping center to further enhance consumer shopping and dining experience.

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

Fara Wilson

Vice President, Marketing

P: 770.913.3904    C: 678.358.2060    F: 770.913.3965

www.ackermanco.com

Ackerman & Co. Sells 200-Unit Apartment Building in St. Marys, GA for $10 Million

Chitra Subbarayan

 Atlanta, GA – Ackerman & Co. has brokered the sale of a 13.8-acre, 200-unit apartment building complex, in St. Marys, Ga. for $10,000,000. 

The Property, built in 1991, comprises 29 buildings, and is located near Georgia Highway 40, less than 3 miles from the naval submarine base. 

 “The buyer was seeking stabilized assets to add to their existing portfolio. 

"At 94% occupancy and located in close proximity to employment, retail and business centers, Harbor Pines Apartments was a compelling buy,” said Chitra Subbarayan, vice president of brokerage at Ackerman.

 Chitra, along with Andy Sutton represented the seller, Harbor Pines Partnership, Inc., in the transaction. The property was purchased by a private investment group based in New York.   

Andy Sutton

 Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals.

To date, Ackerman & Co.  has developed and acquired more than 30 million square feet of office, medical, retail and mixed-use space, has nearly 4 million square feet under management, and maintains an investment portfolio valued at $750 million.

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

Fara Wilson

Vice President, Marketing

P: 770.913.3904    C: 678.358.2060    F: 770.913.3965

www.ackermanco.com

HFF arranges $111.5 million refinancing for seven-property portfolio

Trey Morsbach

DALLAS, TX – HFF announced it has arranged a $111.5 million refinancing for a seven-property portfolio totaling approximately 1.4 million square feet across five states.

HFF worked exclusively on behalf of the borrower, Madison Core Property Fund, a real estate fund managed by New York Life Real Estate Investors, to secure the fixed-rate loan that an HFF correspondent life company split into a five- and seven-year tranche.  HFF is also servicing the loan.

The portfolio is 96 percent leased. Individual property details are below:

Property Name & Location            Property Type/Year Built Size                      

Centerstone Plaza – Irvine, CA      Office/Retail/1988   156,880 SF

Bolingbrook – Bolingbrook, IL        Industrial/2001           283,630 SF          

Auburn Park – Auburn, WA            Industrial/2008            141,970 SF          

Sumner North – Sumner, WA         Industrial/2007             132,935 SF

Wellington Place – Medford, MA     Multi-housing/2005       137 Units

Pointe at Warner Center – Woodland Hills, CA    Multi-housing/2004        136 Units

Reserve at Sugarloaf – Duluth, GA   Multi-housing/2001      333 Units            

De'On Collins

The HFF team representing the borrower was led by senior managing director Trey Morsbach and associate director De’On Collins.

New York Life Real Estate Investors is a division of New York Life Investments* and NYL Investors, LLC, wholly-owned subsidiaries of New York Life Insurance Company.  New York Life Real Estate Investors is a full service, fully-integrated real estate enterprise with more than 100 professionals. 

The division has market-leading capabilities in origination, underwriting, and investment in real estate equity products and related debt, including real estate equity investments, commercial mortgage loans, commercial mortgage backed securities, and unsecured REIT bonds. 

With over $37 billion in assets under management as of June 30, 2014, New York Life Real Estate Investors is actively seeking to acquire additional properties throughout the U.S. 

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 closes $8.55 million sale of 811 SW Naito Parkway in Portland, OR

Michael Leggett

PORTLAND, OR – HFF announced it has closed the sale of 811 SW Naito Parkway, a 49,946-square-foot, office property with an underground parking garage and adjacent parking lot in Portland, Oregon.

               HFF marketed the property on behalf of the seller, ATC Partners, LLC, a full-service real estate firm based in San Francisco.  The assets were purchased by Swift Real Estate Partners for $8.55 million.

811 SW Naito Parkway sits on the waterfront of the Portland central business district.  The property is one block west of the MAX light rail line and has easy access to Interstates 5 and 84.  811 SW Naito Parkway has unobstructed views of Mount Hood, Willamette River and Tom McCall Waterfront Park.

Originally constructed in 1982, this property was renovated in 2013.  The six-story, mid-rise building has an underground parking garage with 28 stalls.  An additional surface lot with 17 stalls was purchased from ATC Partners with the building and garage.

The HFF investment sales team representing the seller was led by director Nicholas Kucha and senior managing director Michael Leggett.

811 SW Naito Parkway, Portland, OR

ATC Partners, LLC, a value-add real estate company founded by Michael Halper in 1992, added the 811 building to its portfolio in 2007.  

The firm has completed more than $75 million in transactions during the last 18 months and is currently seeking opportunities to buy commercial assets in the Bay Area and California. 

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.swiftrp.com.

atcpartners.com.

Charles Dunn Company Completes $19 Million Sale of a 12-Story Creative Office Property in Downtown Los Angeles

John Anthony

 LOS ANGELES, CA, Aug. 11, 2014 – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $19 million sale of a 12-story, 186,000-square-foot creative office building located at 155 W. Washington Blvd. in Downtown Los Angeles.

John Anthony and Christopher Steck of Charles Dunn Company represented the seller, San Mateo, Calif.-based West Washington Properties, LLC. 

The buyer was a private investor from Los Angeles and was represented by Emil Golub of Fortune Investments. The multi-tenant creative office building was over 97 percent leased at the time of the sale.   

“With the current demand for creative office space within Los Angeles, and the beginning resurgence of this pocket of Downtown, we marketed the property as a strong value-add opportunity for an investor that was looking to capitalize on the short-term existing leases at below market rents,” said Anthony, senior managing director with Charles Dunn Company.

Christopher Steck

 “We identified a buyer who saw the long-term opportunity to reposition the asset and at an ideal time to invest in this key market.”

Built in 1927, the building was renovated in 2010 and includes 70 covered parking spaces. 

It is well located and offers high visibility from the 110 and 10 freeways and is near an abundant and growing entertainment, dining, retail and nightlife amenity base. 

Additionally, the property is just a few blocks from Grand Station stop on the Metro Blue Line, and 23rd Street Station on the Metro Expo Line.

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

Darcie Giacchetto

D.G. Communications, Inc.

949.278.6224

Boca Raton, FL Townhouse Development Sale for $2.14 Million Brokered by Marcus & Millichap

  

Joseph P. Thomas

BOCA RATON, FL, Aug. 11, 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 Mizner Townhomes Development Site, 1.724 acres of land approved for 26 townhomes located in Boca Raton, FL. The asset sold for $2,140,000.

Joseph P. Thomas, a vice president investments, and Steven Ross, an associate, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a Coral Springs developer.  Thomas and Ross also secured the buyer, a private investor from San Francisco.

Mizner Townhomes is a 1.724 acre redevelopment project that was previously approved for 26 luxury townhomes. Currently, a 16-unit apartment building occupies the north half of the site.

 The apartment building was constructed in 1972 of concrete block and painted stucco and consists of two one-bedroom/one-bath apartments and 14 two-bedroom/two-bath apartments.

  

Mizner Townhouse Development Site, Boca Raton, FL

The area surrounding the Mizner Townhomes Development Site consists primarily of single-family homes, condominiums, office buildings and retail properties. 

Local points of interest include the Royal Palm Country Club, Boca Raton Resort and Mizner Park which is approximately one mile to the north. Mizner Townhomes Development Site is located at 20 Southeast 14th Street in Boca Raton, FL.

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

Ryan Nee

Regional Manager

Fort Lauderdale, FL

(954) 245-3400

Marcus & Millichap Arranges Sale of McDonald’s Ground Lease in Plantation, FL for $3.6 Million

Lori Schneider

 PLANTATION, FL, Aug. 11, 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 a 3,900-square foot, McDonald's ground lease in Plantation, FL. 

The asset sold for $3,600,000 representing $923 per square foot.

Lori Schneider, a senior vice president investments, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a partnership from Plantation, FL. 

“This ground lease procured a price higher than average rent because of the property's location in a popular, dense suburban market.  The tenant also has a proven sales history at this location,” says Schneider. Schneider also recently listed and sold two McDonald’s in North Carolina: a 4,449-square foot McDonald’s in Swansboro, NC for $1,100,000 and a 3,300-square foot McDonald’s in Spring Lake, NC for $1,052,632.

McDonald's, 1351 South University Drive, Plantation, FL

“The high demand for quality, credit net-leased properties is outpacing the current supply, creating a narrow margin in cap rates in both large and small markets,” she adds.

McDonald's is located at 1351 South University Drive in Plantation, FL.

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

Ryan Nee

Regional Manager

Fort Lauderdale, FL

(954) 245-3400

HFF closes $10 million sale of CVS-anchored shopping center in West Hartford, CT

Boulevard Shops, West Hartford, CT

BOSTON, MA – HFF announced today that it has closed the sale of Boulevard Shops, a 24,600-square-foot, CVS-anchored shopping center in West Hartford, Connecticut.

               HFF’s Boston retail investment sales team marketed the property exclusively for the seller, HPE Boulevard LLC, an affiliate of Hirschfeld Properties LLC. 

  Lerner Properties LLC purchased the center for $10.028 million free and clear of existing debt.

               Boulevard Shops is situated on 1.82 acres at 463 Prospect Avenue at the intersection of three of the area’s major roadways, Boulevard, West Boulevard and Prospect Avenue.  This places the property in the epicenter of a residential community in the greater Hartford area.  The outdoor center is 93.5 percent leased to several national and regional tenants, including CVS, UPS Store, H&R Block, Sprint and Santander Bank.

Jason Lerner

               “We are very excited about this acquisition as we believe it’s a strong addition to our portfolio,” said Jason Lerner of Lerner Properties.  “This is our first property in Connecticut, and we’re looking forward to further expanding our portfolio in Connecticut and other states in the New England region as well.” 

               Hirschfeld Properties LLC is a fully-diversified real estate developer engaged in the development, leasing, management and ownership of multifamily residential communities, shopping centers, office buildings and hotels throughout the United States.  The company also develops mixed-use projects which integrate all four of these project types and acquires select existing income-producing property.  Learn more at hirschfeldproperties.com.

Headquartered in Englewood Cliffs, New Jersey, Lerner Properties prides itself on its consistent success and achievements in an ever-changing commercial real estate environment.  Through multi-generational, single-family ownership, Lerner Properties has been able to maintain a solid sense of tradition and leadership. 

  They develop, own and manage a portfolio of strategically-located open-air shopping centers and retail properties in high barrier-to-entry markets.  Through a "hands-on" management approach, Lerner Properties is able to optimally achieve the highest potential for its end users.  Find out more at www.lernerproperties.com.

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

Kristen M. Murphy

Associate Director

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

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

WNC Closes $125 Million Institutional LIHTC Fund

Michael Gaber

IRVINE, CA, Aug. 11, 2014– WNC, a national investor in real estate and community development initiatives, announced today it has closed WNC Institutional Tax Credit Fund 39, LP (WNC Corp. 39), a $125 million institutional low-income housing tax credit (LIHTC) fund. 

The fund, which includes six investors, will acquire 25 properties located throughout the nation.   

 WNC Corp. 39 is comprised of a variety of affordable housing communities, including 15 family, nine senior and one senior/family mix. 

Together they offer 1,684 units of affordable housing in 12 states, including: Alaska, Arkansas, California, Illinois, Kansas, Minnesota, Mississippi, New Jersey, Oklahoma, South Dakota, Texas and Washington.

The 25 properties will consist of a combination of new construction and substantially rehabilitated units. The properties that are scheduled for rehabilitation will continue WNC’s efforts to preserve and maintain the nation’s low-income housing supply.

 “We are pleased to complete this offering that will deliver additional low-income housing options and preserve existing affordable housing in communities where the demand for such housing continues to outpace supply,” said WNC Executive Vice President and Chief Operating Officer Michael Gaber.

“For nearly 30 years, the LIHTC program has been among the most successful examples of public/private partnership in our nation’s history, and we appreciate the ongoing support of our existing investors and development partners, along with the added commitment from new investors, as we work to increase the inventory of affordable housing nationwide.”

 WNC Corp. 39 is the second WNC-sponsored LIHTC fund to close in 2014, representing a total equity raise of $185 million. With the close of the fund, WNC welcomes two new investors to its LIHTC portfolio.

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

Julie Leber

Spotlight Marketing Communications

949.427.5172, ext. 703

julie@spotlightmarcom.com

www.wncinc.com.

Marshall Hotels & Resorts Names Two Regional Vice Presidents of Operations

  

David Price

NEW YORK, NY and SALISBURY, MD, Aug. 11, 2014—Marshall Hotels & Resorts, a leading hotel management and services company that operates properties nationwide, today named industry veterans David Price and Matt Jones regional vice presidents of operations. 

  Price will oversee the company’s expanding New York and New Jersey portfolio.  Jones will be responsible for specific ownership groups within the Marshall portfolio.

“As we continue to take on more hotels along the Eastern seaboard, it becomes necessary to find the leading hotel managers in those markets,” said Mike Marshall, president and CEO. 

  “Both David and Matt are well-respected operators with more than 50 years combined experience between them.  

"We have every confidence that these two will help Marshall Hotels & Resorts as it grows to the next level, both improving existing bottom lines for our current owners and ones ‘yet-to-be-signed.’”

With more than 23 years of hospitality experience, David Price has a proven track record of turning around under-performing properties and driving continuous growth in established hotels. 

Matt Jones

Prior to joining Marshall, he held a number of increasingly important hospitality management positions, including regional director of operations for Hospitality Ventures Management Group and district general manager for Prime Hospitality, AmeriSuites and Wellesley Inns.  

Price holds a Bachelor of Science in Psychology from Georgia Southern University and an Associate Degree in Liberal Arts from the University of Hawaii.  

Additionally, hotels under his direction have received two Weingardner Awards for the Hampton Inn Tifton, DoubleTree by Hilton F&B Operator of the Year and Renovation of the Year for Holiday Inn Resorts at the Beach House in Hilton Head.

Prior to joining Marshall, 30-year hospitality specialist Matt Jones most recently worked with Choice Hotels International as a director of franchise management.

 In that role, he worked with licensees to improve their products and performances in the various brands of Choice Hotels.  Prior to his role with Choice, he was general manager of numerous hotels for Harrison Group Resort Hotels. He graduated with a Bachelor of Arts from Salisbury University and is a Certified Hotel Administrator (CHA).   Jones brings a wealth of experience in operations, brand management and product improvement.  

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

Lauralee Dobbins, media

Daly Gray Public Relations

(703) 435-6293

Lauralee@dalygray.com

NAI Realvest Negotiates New Lease of 5,153 Rentable Square Feet for Architects at Horatio Professional Center in Maitland, FL

  

Mary Frances West

ORLANDO, Fla. – NAI Realvest recently negotiated a new lease agreement for 5,153 rentable square feet at Horatio Professional Center, 541 E. Horatio Ave. in Maitland.

Mary Frances West, CCIM, senior broker associate at NAI Realvest brokered the transaction on behalf of the landlord Dallas-based Horatio Florida Partners LLC.    The new tenant Humphreys and Partners Architects leased Suite 100 in the professional building located just off U.S. Highway 17-92. 

 NAI Realvest is exclusive management and leasing representative for the Horatio Professional Center.

NAI Realvest negotiates new and expansion leases totaling more than 6,300 square feet at Industrial Centers in Orlando, FL

Kristen Kemp

 ORLANDO, FL – NAI Realvest recently negotiated three new industrial leases totaling 6,330 square feet at three Orlando industrial centers. 

 NAI Realvest principal Michael Heidrich and associate Kristen Kemp negotiated a new lease with Florida Boba Company, Inc. for Suite 3 with 3,000 square feet at 5014 Forsyth Commerce Rd., representing the landlord, Maitland-based Forsyth Central Commerce Park, LLC.

 Tom R. Kelley II, CCIM, principal negotiated a new lease agreement with WJ Weeks Architecture representing the landlord Miami-based South Park, LLC at South Park Business Center.  

The tenant leased 1,830 square feet of office warehouse space in Unit 103 of the facility located at 8600 Commodity Circle in south Orlando.

 In Southeast Orlando, Heidrich and Kemp also represented the Boston-based landlord BIEL REO, LLC in an expansion lease at Airport Industrial Center, 7480 Narcoossee Rd.  The tenant, Romanoff Floor Covering Inc., of Smyrna, Ga. was already leasing 3,000 square feet at the facility and expanded into an additional 1,500 square feet for a total occupancy of 4,500 square feet.

  

NAI Realvest Negotiates New Leases for Office Space totaling  2,747 Rentable Square feet in Downtown Orlando, FL and  Casselberry, FL

 

Jeff Bloom

ORLANDO, Fla. – NAI Realvest recently negotiated two new office lease agreements totaling 2,747 rentable square feet at two locations – a historic office building in downtown Orlando and a freestanding professional office building in Casselberry.

 Jeff Bloom, CCIM, senior director at NAI Realvest represented the tenant, TrueNorth Technology Solutions in the lease of 1,595 square feet in suite 305 at One South Orange Ave.  in downtown Orlando off E. Central Blvd.  The landlord is One South Orlando Ltd.

 NAI Realvest Associate Chris Adams completed an office lease agreement with the Seminole County Democratic Party who will occupy the 1,152 square foot, freestanding professional office building at 2909 Lakeview Drive in Casselberry of SR 436.  Mel Pearlman and Susan Pearlman are the landlords of the property.  

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

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