CampusWorks & CW Construction Add Key Executives to Contribute to Continued Growth in the Student Housing & Conventional Markets

CHARLOTTE, NC -- CampusWorks Development, a Charlotte based student housing developer and CW Construction, its sister construction company, has recently hired three new executives to add to its senior management team.  

The additions include Chief Financial Officer, Vice President of Operations and Vice President & General Counsel.

Heading up the new hires is Edward (Ned) F. Long, former CFO for Crosland and Executive Vice President for Pacolet Milliken.  Ned will execute all investment activities including directing and executing all financial and capital market strategies.

CW’s second hire is David L. Little Jr., former Executive Vice President & General Counsel of RJ Griffin & Company General Contractors and a former shareholder with Robinson Bradshaw & Hinson, P.A. 

As a member of CW’s senior executive management team, David will manage the company’s risk mitigation efforts, including insurance and bonding, and will provide counsel and guidance on all legal matters affecting both affiliates’ development and construction activities.

Lastly, Wayne Gross, former Vice President/General Superintendent at Dunn Southeast, a JE Dunn Company, will fill the Vice President of Operations position.  With over 37 years of construction experience, Wayne’s role involves the oversight of all construction field operations, management and direction of all superintendents and field employees.

  

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

CampusWorks Development & CW Construction

T: +1 (704) 821-5599 |  D: +1 (704) 997-2576

www.cwonsite.com

200 Unionville-Indian Trail Road W  |  Indian Trail, NC 28079

Atlantic | Pacific Companies Announces Latest Development in Port St. Lucie, FL

Alex Lastra

MIAMI, FL - Atlantic | Pacific Development (A|P Development), the development platform under Atlantic | Pacific Companies (A|P), announces that The Atlantic at Tradition, which is the Town of Tradition's first luxury apartment community, is nearly complete.

"The Atlantic at Tradition will be a wonderful addition to the community. The state of the art amenities and fantastic unit floor plans will provide our residents with a wonderful sense of home," said Alex

Lastra, Senior Managing Director of A|P Development.

  

Units will be available for occupancy November 2014. The property will be managed by Atlantic | Pacific Management (A|P Management), the property management platform under A|P.

 For more information about A|P and its platforms, visit www.apmanagement.net or

 call (800) 918 - 1145.

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

Jessica Wade Pfeffer | Jessica Wade Inc.

jessica@jessicawadeinc.com | 305.804.8424

www.apmanagement.net.  

Hold-Thyssen negotiates Leases at Pennock Business Center in Jupiter, FL and at Security Square in Winter Haven, FL

    

Therese Taylor

JUPITER, FL and WINTER PARK, FL  --- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, recently negotiated  multiple new leases for office/flex space and a retail lease in Jupiter.

Therese Taylor, leasing agent for Hold-Thyssen, negotiated the transactions representing the landlord, Miami-based GECMC 2005-C4. 

At Pennock Business Center, 711 Commerce Way in Jupiter, Taylor completed lease agreements on six office/warehouse/flex suites totaling 7,386 rentable square feet. 

At Maplewood Center, 401 Maplewood Drive, Campbell Property Management & Real Estate, Inc. is the new tenant who leased 1,725 square feet.    Ben Bruner of Michael Falk & Co. represented the tenant. 

Ben Bruner

Taylor represented the same landlord in a lease agreement with Jiles Law P.A., for 850 rentable square feet at Security Square, 130 Bates Avenue SW in Winter Haven.

Hold-Thyssen, Inc. provides commercial property and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

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

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

Plaza Advisors Brokers $21 Million Sale of St. Petersburg, FL Shopping Center

South Pasadena Shopping Center aerial, St. Petersburg, FL

TAMPA, FL -- Plaza Advisors is pleased to announce the $21.1 million sale of South Pasadena Shopping Center in greater St. Petersburg, Florida.

The shopping center totals 165,886 square feet of gross leasable area and includes several major tenants: Walmart Neighborhood Market, Beall’s Outlet, Dollar Tree and an in-line CVS.

“This deal was one of the most highly sought after transactions Plaza Advisors has marketed in years” Jim Michalak stated.

Jim Michalak

“The offering was a quintessential true “value-add” opportunity and fits the mold for what many retail investors are looking for in this environment- grocery-anchored, realizable value-add and good real estate.

“The property was formerly occupied by Publix and recorded an average occupancy of 93% for the seven years prior to Publix’s departure.

“Walmart began operating at the plaza in April. The property was 67% leased at the beginning of the marketing effort. The center virtually has no multi-tenant competition in the immediate area and the overall market occupancy is extremely high.”

Michalak continued. “We received more than twenty offers resulting in a cap rate well below five percent. The seller was delighted in the outcome of the marketing campaign.

“The buyer was also very pleased and has already generated some significant leasing momentum evidenced by the pending announcement of two junior anchor additions to the plaza.”

Mike Cvetetic

Jim Michalak, Mike Cvetetic and Nick Castellano of Plaza Advisors represented the seller in the transaction. No other brokers were involved in the sale. The seller and buyer was a German syndication named VV Florida I, L.P. and Pine Tree Commercial Realty, respectively. 

Plaza Advisors specializes in the disposition of anchored shopping centers located throughout Florida. The company has successfully closed thirteen centers since December 2013. Those closings included: six Winn Dixie, three Publix and one Walmart Neighborhood Market anchored asset.

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

Jim Michalak

Managing Partner

Plaza Advisors

3412 Bay To Bay Boulevard

Tampa, FL 33629

813.837.1300 Ext. 101

Fax 831.2627

jim.michalak@plazadvisors.com

www.plazadvisors.com

$26.25 million sale of Denver, CO multi-housing community closed by HFF

Jordan Robbins

 DENVER, CO – HFF announced it has closed the $26.25 million sale of Rockledge Bear Valley, a 230-unit, garden-style multi-housing community in Denver.

                HFF marketed the property on behalf of the seller, a joint venture between ColRich Multifamily and Harbert Management Corporation.  Jackson Square Properties purchased the asset for $26.25 million free and clear of existing debt.

                Rockledge Bear Valley is located at 3550 South Kendall Street in southwest Denver on the border of Lakewood and Jefferson Counties. 

Partially renovated between 2012 and 2014, the 96-percent leased property includes 10 three-story buildings with one- and two-bedroom units averaging 808 square feet each. 

Community amenities include a resort-style swimming pool, bocce ball court, outdoor grilling areas, state-of-the-art fitness center, dog park, clubhouse and business center.

Jeffrey Haag

                The HFF team representing the seller was led by director Jordan Robbins, associate director Jeff Haag and real estate analyst Jared Buffington.

                “ColRich/Harbert completed significant exterior and interior upgrades to the property giving it a competitive advantage within the submarket yielding incredible income growth throughout the last year.

“This was a highly sought-after property, but Jackson Square was the perfect buyer as it fits well within the company’s current portfolio and they will be able to continue the interior renovations to generate additional yield,” said Robbins.

ColRich Multifamily is a private, family run, residential real estate development and investment firm.  The company currently manages a portfolio of approximately 9,500 units in the western United States.  

Leveraging upon its construction expertise, ColRich Multifamily primarily invests in the value-add spectrum, with a heavy emphasis on value creation through either extensive renovations and repairs or ground up development. 

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

New Affordable Housing Community Opens in Cambridge, MN

                                                                               

Michael Gaber

 CAMBRIDGE, MN – WNC, a national investor in real estate and community development initiatives, announced the completion of Heritage Townhomes, a 24-unit affordable housing community in Cambridge, Minn. 

WNC provided $2.9 million in low-income housing tax credit (LIHTC) equity to fund the project.

Located at 1503 South Fern St., Heritage Townhomes consists of a mix of one-, two- and three-bedroom units split amongst six buildings. 

The apartments are designed as single-story garden style or two-story townhouse units, each including an attached garage and driveway. The property includes a community gazebo and children’s playground.

“We couldn’t be more pleased to deliver an additional affordable housing option to the families of Cambridge,” said WNC Executive Vice President and Chief Operating Officer Michael Gaber.

“Heritage Townhomes is well-located in the Cambridge community, situated less than one mile from three schools that provide families with education from kindergarten through 12th grade. The property is also within a short walk to a recreational park and a variety of trails at the nearby Wood Duck Preserve.”

Heritage Townhomes was developed by MetroPlains LLC. Robert McCready served as the project developer.

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

Julie Leber

Account Manager

Spotlight Marketing Communications

18101 Von Karman Avenue, Suite 330

Irvine CA 92612

 949-427-5172, ext. 703

julie@spotlightmarcom.com

$7 Million Sale of Millennium Pointe in Orlando, FL Arranged by Marcus & Millichap

Still Hunter III

ORLANDO, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Millennium Pointe, a 200-unit apartment property located in Orlando, Fla, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $7,000,000.

Still Hunter, III and Evan P. Kristol, senior vice president investments in Marcus & Millichap’s Fort Lauderdale office, and Michael Donaldson, a vice president investments, and Nicholas Meoli, a senior associate in Marcus & Millichap’s Tampa office, represented the seller, Paul Beaullieu, a private investor from Lafayette, LA and the buyer, a limited liability company from Ormond Beach, Fla.  

“Investor demand for Orlando multi-family assets remains keen, with well-priced assets typically generating multiple offers when brought to market.  

Evan P. Kristol

"We received remarkable interest on this opportunity to acquire a stabilized asset centrally located near Orlando’s major employment centers.  Millennium Pointe also has the largest floor plans in the submarket and recently underwent significant renovations,” says Donaldson.

Millennium Pointe is a 200-unit garden-style apartment community consisting of six two-story buildings.  The unit mix includes 60 one bedroom/one bathroom units, 110 two bedroom/one-and-one-half bathroom townhome units and 30 three bedroom/two-and-one-half bathroom townhome units.

Ideally situated just off South Rio Grande Avenue and less than one mile from South Orange Blossom Trail, two of the area’s major retail corridors, Millennium Pointe’s central location is convenient to transportation and employment. The property is located at 4255 Barwood Drive in Orlando, 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 Brokers $625,000 Sale of West Bay Apartments in Tampa, FL

West Bay Apartments, 705 West Bay Street
South Tampa, FL

TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of West Bay Apartments, an 11-unit apartment community located in Tampa, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. 

The asset sold for $625,000.

Ari Ravi, associate, and Casey Babb, a CCIM and vice president investments in Marcus & Millichap’s Tampa office, represented both parties in the transaction.

West Bay Apartments is a “turn-of-the-century,” early 1900s vintage converted apartment community located at 705 West Bay Street in South Tampa’s Hyde Park submarket, which is one of the most desirable in the Tampa Bay region. 

Ari Ravi

The property consists of four studio apartments and seven, one-bedroom/one-bathroom apartments of varying sizes.  Tenants enjoy off-street parking and access to the laundry facility at a neighboring property.

This high barriers-to-entry submarket is a haven for young professionals, and offers ease of access to major employment centers in downtown Tampa and the Westshore Business District.    There are also plenty of shopping, dining and entertainment destinations along South Howard Avenue and Bayshore Boulevard. 

“West Bay was a value-add offering located in a Class A, Hyde Park (South Tampa) location,” says Ravi.

 “The buyer, through our in-house mortgage brokerage division, was able to secure acquisition financing, plus an additional $100,000 for immediate repairs which should allow him to improve the overall appearance, upgrade the units and in turn raise the rents,” concludes Ravi.

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

Richard D. Matricaria

Vice President/Regional Manager

Tampa, FL

(813) 387-4700

$5 Million Sale of Tanglewood Apartments in Tallahassee, FL Brokered by Marcus & Millichap

Michael P. Regan

TALLAHASSEE, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Tanglewood Apartments, a 112-unit multifamily community located in Tallahassee, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office.

The $5,250,000 sales price equates to $46,875 per unit.

Michael P. Regan and Francesco P. Carriera, vice presidents investments in Marcus & Millichap’s Tampa office, represented both parties in the transaction.

Tanglewood Apartments were built in 1974 and are situated on approximately 8.87 acres of land at 1600 Pullen Road in Tallahassee, Florida. 

The property consists of 15 two-story residential buildings and an additional one-story building that serves as a leasing office, clubhouse and fitness center. 

Francesco P. Carriera

The residential buildings are a mix of one and two-bedroom/two bath units with central heating and air-conditioning. 

Amenities of the property include stackable washer and dryer appliances in all units, fitness center, car care center, dog walk area, clubhouse with a full kitchen, business center, billiards room and a sparkling swimming pool.

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

Richard D. Matricaria

Vice President/Regional Manager

Tampa, FL

(813) 387-4700

Marcus & Millichap Arranges Sale of Nine-Unit Apartment Building in St. Petersburg, FL for $885,000

Liv @ Villa Serena Apartments, Beach Drive, Old Northeast submarket, St. Petersburg, FL

 ST. PETERSBURG, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Liv @ Villa Serena Apartments, a nine-unit apartment property located in St. Petersburg, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $885,000.

Casey Babb

Ari Ravi, associate, and Casey Babb, a CCIM and vice president investments in Marcus & Millichap’s Tampa office, represented both parties in the transaction.

Liv @ Villa Serena Apartments is a Class “B” apartment building located on Beach Drive in St. Petersburg’s historic ‘Old Northeast’ submarket. 

The property consists of a single, three-story building on an oversized corner lot, built with masonry construction on an elevated pier foundation with a flat, built-up wood truss roof system, which was replaced in 2012. 

The building consists of eight large one-bedroom/one-bath units and a studio apartment, as well as an on-site laundry facility, resident storage units, a utility room and a building maintenance storage area. 

Community amenities include bike storage, common area laundry facilities, a shaded outdoor lounge with a brick paved patio deck, barbecue grilling stations and outdoor lounge furniture under a new wood pergola.

Ari Ravi

“Liv @ Villa Serena received a lot of attention from investors due to the ‘Class A’ location in the Old Northeast area of St. Petersburg, and we conducted no less than 20 property tours during the marketing campaign,” says Babb.

 “The buyer comes from Los Angeles, California and was attracted to the downtown St. Petersburg area as a whole, as well as the upside potential and in-place yields at the property relative to those in California, which are much lower,” concludes Babb.

  

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

Richard D. Matricaria

Vice President/Regional Manager

Tampa, FL

(813) 387-4700

CBRE Orlando Lists Wickham Commons Office Building for Sale in Melbourne, FL

ORLANDO, FL -- CBRE, Inc. is the exclusive marketing broker for Wickham Commons, a six building offering located in Melbourne Florida. Excellent access to Interstate-95, strong occupancy and high quality nearby amenities make Wickham Commons an attractive investment.

 Investment Highlights • Credit tenants include Walgreens, Bank of America Merrill Lynch, and Brevard Community College.

Ronald J. Rogg

• NNN lease structure provides ownership a hedge against operating expense increases.

 • Brevard County office vacancy rate is only 10.4% as of 2Q 2014 (CoStar Office Market Report).

 • Well positioned to take advantage of Northrop Grumman expansion and Embraer building its second assembly plant.

• Significant upside in lease up of vacant space.

• NOI projected to grow 46% over the next 5 years.

• Strong in-place income unencumbered by debt.

• Superior location and excellent access to Interstate-95.

• Lack of available land and rising labor and construction costs creates a barrier to entry resulting in an excellent in-fill site.

• Approximately 60 minutes from Orlando International Airport.

• Can be acquired at well below replacement cost.

• Diversified nearby amenities including restaurants, shopping, personal services and recreation

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

Ronald J. Rogg, CCIM

Executive Vice President

+1 407 839 3194

ron.rogg@cbre.com

Plaza Advisors Brokers Shopping Center Sale in New Port Richey, FL

Pasco Square Shopping Center, New Port Richey, FL

TAMPA, FL -- Plaza Advisors is pleased to announce the sale of the Pasco Square Shopping Center located in New Port Richey, Florida. 

The grocery anchored shopping center is situated at the intersection of SR 54 and Rowan Road and totals 135,421 square feet of gross leasable area.

The major tenants include Beall’s Outlet, Dollar General Market, Badcock Home Furnishings and Dollar Tree. Other notable tenants include: GNC, Radio Shack, The UPS Store and Subway. The property was 90% leased at the time of sale.

Jim Michalak

Jim Michalak, Mike Cvetetic and Nick Castellano of Plaza Advisors represented the seller in the transaction. No other brokers were involved in the sale. The seller and buyer were Phillips Edison and Company, and Isram Acquisition Corp., respectively. 

“This asset was constructed in 1986 and has consistently reported an above market historical occupancy rate” Mike Cvetetic stated. “From a competitive standpoint Pasco Square has always effectively competed for tenants due to the aggressive rent structure the owner is able to offer” Cvetetic emphasized.

Plaza Advisors specializes in the disposition of anchored shopping centers located throughout Florida. The company has successfully closed twelve centers since December 2013. Those closings included: six Winn Dixie, three Publix and one Dollar General Market anchored assets.

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

Jim Michalak

Managing Partner

Plaza Advisors

3412 Bay To Bay Boulevard

Tampa, FL 33629

813.837.1300 Ext. 101

Fax 831.2627

jim.michalak@plazadvisors.com

www.plazadvisors.com

NAI Global Leadership Conference in Orlando Focuses on Expansion in Canada, Germany, South and Central America

Robin L. Webb

ORLANDO, FL--- NAI Realvest hosted the NAI Global Leadership Conference in Orlando recently, which drew representatives from 375 commercial real estate brokers with 6,700 agents worldwide.

Robin Webb, CCIM, CPM, who serves as managing director at NAI Realvest, said the three-day conference focused on new acquisitions and expansion in South America, Canada, Germany, Costa Rica and Mexico.

NAI Realvest, which ranks as one of the most active commercial property companies in Orange, Lake, Seminole, Osceola, Volusia and Polk counties, focused its presentations on more expansion into Volusia County.

Webb said NAI Realvest has one office in the Daytona Beach area and currently has 35 listings in Volusia County. The firm has posted 350 listings in its five-county region.

“As we put the Great Recession behind us, the commercial real estate market is really coming alive with significant growth in asset value and significant interest on the part of new and expanding businesses,” Webb said.

NAI Realvest currently employs 29 broker associates. The firm has experienced a 29 percent increase in transactions, year to date over 2013, and 2013 was almost double over the prior year

Webb said NAI Realvest is also focused on expanding its property management division, which currently manages more than three million square feet of commercial space.

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

  Robin L. Webb, Managing Director, NAI Realvest, 407-875-9989 Rwebb@realvest.com

Larry Vershel or Beth Payan Larry Vershel Communications, 407-644-4142  

MBA Honors Pulte Mortgage’s Debra Still with Distinguished Service Award

Debra W. Still

LAS VEGAS, NV (Oct. 21, 2014) – Today, the Mortgage Bankers Association (MBA) awarded Debra W. Still, CMB, with its Andrew D. Woodward Distinguished Service Award.

 The award is presented in recognition of dedication and prominent service to MBA and the mortgage lending industry in a variety of capacities involving both legislative and regulatory activities. 

Still was presented the award in a ceremony held at MBA's Annual Convention & Expo in Las Vegas, Nevada. 

“Deb’s continued hard work and dedication to the mortgage finance industry make her a clear choice for this award,” said Bill Cosgrove, Chairman of the MBA. 

The Distinguished Service Award is the highest honor an individual can receive from his or her fellow MBA members.  Nominees for the annual award must meet the following criteria:

Debra Still is President and Chief Executive Officer of Pulte Financial Services, which includes Pulte Mortgage LLC, PGP Title and PCIC Insurance and employs 750 individuals throughout the U.S. Still is also President and CEO of Pulte Mortgage, a nationwide lender headquartered in Englewood, Colorado.

She is also Chairman of the MBA Opens Doors Foundation, MBA’s 501(c)(3) organization dedicated to helping families with a critically ill or injured child to keep their home, even in the face of significant medical bills.

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

Shawn Ryan

sryan@mba.org

(202) 557-2727

E.J. Burke and Martha Burke Presented with MBA Opens Doors Foundation Community Champion Award

E.J. Burke

AS VEGAS, NV (Oct. 21, 2014) – Today, the Mortgage Bankers Association (MBA) announced E.J. Burke, the former Chairman of MBA, and his wife, Martha Burke, have been awarded the “MBA Opens Doors Foundation Community Champion Award.”

 The award recognizes those who have dedicated significant time and effort to advance the foundation’s mission to enable families with a critically ill or injured child to keep their home, even in the face of significant medical bills.

“I am thrilled to present the 2014 MBA Opens Doors Foundation Champion Award to E.J. and Martha Burke,” said Debra Still, CMB, Chairman of the MBA Opens Doors Foundation.  “Mr. and Mrs. Burke have gone above and beyond to contribute to the Foundation. 

“As anyone who attended MBA’s CREF Convention last year can attest, even the Burke’s daughters got into the act of supporting Opens Doors, drawing a direct line from their family to the very people our Foundation was created to help. 

“The Burke’s leadership within the organization and personal generosity has made it possible for us to keep more than one hundred families in their homes during their time of need.  I applaud their efforts and thank them for all they have done.”

Opens Doors is a 501(c)(3) organization and all contributions are tax deductable.  For more information about the Foundation or to make a donation, please go to www.mbaopensdoors.org.

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

Shawn Ryan

sryan@mba.org

(202) 557-2727