Nettleton Commons, Syracuse, NY

Stephen York

UNIONDALE, NY  -- Arbor Commercial Mortgage, LLC (“Arbor”), a national, direct commercial real estate lender, has funded its first loan under the newly launched Freddie Mac Small Balance Loan initiative for Nettleton Commons in Syracuse, NY.

The 61-unit, five-story property is owned and managed by Steven and Silvia West.

Stephen York, Vice President in Arbor’s New York City office, originated the five-year, fixed-rate, $4-million loan, which carries with it one year of interest-only along with 30 years of amortization. Eastern Union was the mortgage brokerage firm in the deal.

“The borrower was specifically seeking short-term, very low-interest financing to refinance this property and had previously worked with banks on previous deals.

“However, through our strong relationship with Eastern Union, we were able to introduce Mr. and Mrs. West to the new Freddie Mac Small Balance Loan offering, which was able to provide very competitive terms that weren’t available through other competing lenders,” York explained.

Ivan Kaufman

“Through this deal, we believe we received the best financing available in the market at the terms we desired, including the non-recourse provision, which is difficult to obtain with such a low rate,” borrower Steven West added. 

“This was our first agency loan and I believe we will focus on pursuing agency financing again in the future with Arbor.”

An historic property originally built in 1899 as a shoe factory, Nettleton Commons was rehabilitated into a multifamily building in 1988 and also contains nine commercial office spaces and one retail space. Steven and Silvia West have owned the property since acquiring it in 2007.

“As one of only a select few Freddie Mac Small Balance Loan lenders in the country, Arbor was pleased to be one of the very first to fund a loan under this highly competitive new program that serves the multifamily small loan market,” said Ivan Kaufman, Chairman and CEO of Arbor.

 “Arbor has more than two decades of history funding small multifamily loans and understands the expertise required to execute this product.” 

Nashwa Moussa

Nashwa Moussa, senior director of Freddie Mac Multifamily, said, “We are excited that our Small Balance Loan initiative is quickly gaining momentum in the marketplace and providing a strong financing option.

“ We look forward to working with Arbor Commercial Mortgage, which we partnered with as one of our first Small Balance Loan lenders specifically because of its deep-rooted small loan track record and experience that we knew would greatly enhance the program.”

  

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

Christopher Ostrowski

costrowski@arbor.com

Warnick + Company Named Asset Manager of Torrance Marriott South Bay and the Los Angeles Airport Marriott

  

Thomas Morone

LOS ANGELES, CA —Warnick + Company announced it has been appointed asset manager of two Los Angeles hotels, the 500-room Torrance Marriott South Bay and the 1,000-room Los Angeles Airport Marriott, by XLD Limited, the U.S. subsidiary of Sichuan Xinglida Group Enterprises Co., a China-based real estate investor.

“Having represented ownership throughout the acquisition process by providing due diligence and investment underwriting, it is especially gratifying to be selected to provide ongoing advisory and asset management services for these two spectacular hotels,” said Thomas Morone, managing partner of Warnick + Company’s L.A. offices.

 “XLD are smart, successful, savvy investors, and we are actively involved with them discussing upcoming renovation plans to improve the overall guest experience, including a 'great room' style lobby for the Torrance property and an expanded club lounge at LAX.”

Located at 3635 Fashion Way in the South Bay region of Los Angeles County, the Torrance Marriott South Bay is adjacent to the new Nordstrom’s.

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

Chris Daly

Daly Gray

(703) 435-6293

chris@dalygray.com

RealtyTrac Adds Data Industry Veteran Jon Cohn to Expand Data Product Offerings

Jamie Moyle

IRVINE, CA — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, announced that 30+ year data industry veteran and product management innovation executive Jon Cohn has joined the company as Senior Vice President of Data Products.

 In this role, Jon will leverage RealtyTrac’s expansive datasets into products that will benefit various industry verticals.

 Jon was previously with Acxiom Corporation for 16 years where most recently he served as Director/Group Product Leader.

“With the convergence of big data, analytics and multiple data sets in real estate and marketing industries, Jon adds a perfect blend of skills to our team and to this new role at RealtyTrac,” said Jamie Moyle, RealtyTrac CEO.

For more information on the Data Solutions offerings, go to http://data.realtytrac.com or call 800-913-0439.

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

  

Ginny Walker

949.502.8300, ext. 268

Ginny.walker@realtytrac.com

Data and Report Licensing:

800.462.5193

datasales@realtytrac.com

Andrea Byrge Heads Newly-Formed Lake Nona/Medical City Area Business Leads Group in Orlando, FL

Andrea Byrge

ORLANDO, FL--- A new Lake Nona / Medical City area Business Leads Group was recently launched in east Orlando.

Andrea Byrge, long-time area resident, chamber board member and marketing specialist with Stirling Sotheby’s International Realty is spearheading “Nona Business LEADers” which is targeted to have approximately 40 members. 

Lake Nona Golf and Country Club, Orlando, FL

Byrge said “Nona Business Leaders” will meet in Lake Nona on Thursdays from 8 to 9 a.m. and will include Lake Nona area small business executives and independent contractors to grow their businesses through relationships and referrals. Membership is limited to one business per category.

For further information and to apply for membership, telephone Andrea Byrge at (407) 687-8268 or email Andrea at AByrge@stirlingsir.com.

  

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

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

  

NAI Realvest Names Veronica Malolos Broker for Osceola and South Orlando Market Areas

Veronica Malolos

ORLANDO, FL -- NAI Realvest, one of central Florida’s largest commercial real estate services companies, recently named Veronica Malolos as broker.

Robin Webb, managing director at NAI Realvest, said Malolos has been a real estate broker in the Central Florida market since 2004. 

Robin Webb

Prior to joining NAI Realvest Malolos became managing broker in 2011 for Osceola County’s top-producing Remax residential office where she then became lead agent for the City of St. Cloud’s disposition of 17 commercial properties.       

Malolos, an established leader in Osceola County, is currently an Osceola County Planning Board Commissioner and vice chair of the county’s Affordable Housing Advisory Committee. She is also a trustee for the county’s Education Foundation Charter School Board.

She is an alumnus of “Leadership Osceola,” a past president of the Osceola County Assn. of Realtors and is the 2014 District 12 vice president for the state association, “Florida Realtors.”

Webb said at NAI Realvest, Malolos will specialize in commercial real estate sales and leasing in the Osceola and south Orlando markets.

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

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

NAI Realvest Closes Industrial Property Sales totaling over $1.4 Million in Seminole County, FL

Kristen Kemp

ORLANDO, FL – NAI Realvest recently negotiated the sales of three industrial properties located in Oviedo, Sanford and Longwood totaling 20,600 square feet and $1,417,000. 00.

Paul P. Partyka and Juan Jimenez at NAI Realvest represented the seller Akron, Ohio based ALH Properties, PLL in the $650,000 sale of a 10,000 square foot industrial flex building at 572 South Econ Circle in Oviedo.  Buyer GIV Investments purchased the property for expansion.

Michael Heidrich, principal at NAI Realvest and associate Kristen Kemp negotiated the $400,000 sale price on behalf of Calin Properties Inc., seller of a 5,000 square foot industrial building at 110 Rand Yard Rd. in Sanford. 

The local buyer, Platinum Granite of Sanford, LLC was represented in the transaction by James Lettieri of Hybrid Realty.  

In Longwood Heidrich represented sellers Dennis L. and Barbara Jarvis of a 5,600 square foot industrial facility at 1608 Cherrywood Lane. Local buyer MVP Property Group LLC paid $367,000 for the property and was represented by Scott Nance of Future Home Realty. 

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

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

NAI Realvest negotiates new Lease for marketing center of new senior living development in Orlando, FL’s Baldwin Park Neighborhood

  

Natalee Gleiter

ORLANDO, FL— NAI Realvest recently negotiated a new lease agreement for 3,001 rentable square feet in suite 245 at 2420 S. Lakemont Ave. in Baldwin Park that will be the marketing center for a new Winter Park Towers development on the shores of Lake Baldwin.

Jason G. Toll, director of the industrial services group at NAI Realvest, brokered the transaction representing the local tenant, Westminster Services. 

Jason G. Toll

The landlord, IX WR 2420 South Lakemont Dr, L.P. C/O Starwood Capital GroupTiger Investment Group, Inc. of Washington, D.C. was represented by Natalee Gleiter of Jones Lang LaSalle.

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

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

Raintree Partneers Acquires Five Property Multifamily Portfolio Totaling 327 Units in Los Angeles, CA

  

Kristen Croxton

LOS ANGELES, CA (Jan. 21, 2015) – Raintree Partners, a Laguna Niguel, Calif.-based real estate investment and development company, has completed the acquisition of a five property multifamily portfolio totaling 327 units and located in A locations within Los Angeles County, Calif., according to Jeff Allen, CEO of Raintree Partners.

The acquisition includes Pico Lanai Apartments, a 174-unit community in Santa Monica, Calif., and the Westwood Apartments, a portfolio of four properties totaling 153 units, located in the Westwood Village area of Los Angeles, adjacent to UCLA. 

Greg Reed and Kristen Croxton of Capital One Multifamily Finance arranged Fannie Mae loans on the entire portfolio.

Greg Reed

“This portfolio acquisition is in line with Raintree Partners’ investment strategy of acquiring infill, urban properties, with ample value-add opportunity, in great locations in the Los Angeles market,” explained Allen. 

“This latest acquisition adds to our growing Southern California property portfolio, which now includes 21 multifamily communities, eight of which were purchased within the last 10 months.”

In addition to the recently acquired five property portfolio, Raintree Partners acquired three additional apartment communities in Los Angeles in 2014, these acquisitions include:

·         Coldwater Canyon, a 39-unit property in Studio City, Calif. acquired in September 2014.

 ·         5119 Maplewood, a 60-unit property in Hancock Park, Calif. acquired in April 2014.

 ·         5015 Clinton, a 50-unit property in Hancock Park, Calif. acquired in April 2014.

  

Raintree’s Director of Acquisitions, Aaron Hancock, explains, “The acquisition of these five properties in addition to the three acquired earlier in the year represents the continued rollout of our investment strategy, which targets smaller properties in A locations within Los Angeles that can be clustered over time.

Pico Lanai Apartments, Santa Monica, CA

“As we gain critical mass in these targeted sub-markets, we will be able to achieve management efficiencies which should lead to higher returns than investing in larger properties in the same sub-markets, which tend to trade at more aggressive cap rates.”

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

Amanda Brenner / Judith Brower

Brower, Miller & Cole

(949) 955-7940

Abrenner@browermillercole.com

        

Hold-Thyssen Negotiates Leases with Two Long Time Tenants at Counsel Square in New Port Richey, FL

Carol L. Kinnard

TAMPA, FL --- Carol L. Kinnard, transaction specialist at Hold-Thyssen, Inc., a commercial real estate services firm based in Winter Park with offices in Tampa, recently negotiated two lease renewals with long-time tenants at Counsel Square in New Port Richey.  

Pasco County Sheriff’s Child Protection Team, a tenant for over 10 years renewed the lease of Suite 201E with 23,771± square feet encompassing the entire second floor of Counsel Square II located at 7601 Little Rd. directly across the street from West Pasco’s Government Center.

Sheriff’s Dept. Director Ken Killian who worked with Kinnard and the landlord said, “I’m committed to our community to do my part in strengthening community partnerships that ensure our children can grow in safe and nurturing environments.”

Ken Kilian

At the same time, Kinnard negotiated a renewal agreement for a newly renovated 1,000 square foot suite at Counsel Square I, 7619 Little Rd.   

The tenant Psychological Management Group, PA has been a tenant at Counsel Square I for 15 years providing the West Pasco community with mental health services and training for affected families.

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 than100 commercial properties throughout the United States.

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

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

Capital Square Realty Advisors Acquires Dallas, TX Medical Office Building Portfolio

  

Louis Rogers

 DALLAS, TX (Jan. 20, 2015) – Capital Square Realty Advisors, LLC announced today that it has acquired a portfolio of two medical office buildings located in the Dallas suburbs of Arlington and Mansfield, Texas.

Both properties are 100 percent leased to Arlington Orthopedic Associates, the largest independent practice providing comprehensive orthopedic care in the Mid-Cities, Texas area. 

“These are exceptionally attractive medical office buildings leased long-term to an organization comprised of award-winning and renowned physicians with privileges at several leading area hospitals,” said Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors.

“Each building is in a desirable location, and CNN/Money Magazine recently ranked Mansfield 17th in its annual ‘Best Places to Live’ list.”

The two-story Arlington building, located at 800 Orthopedic Way, contains 37,100 square feet of space in the heart of the city’s commercial district.

Built in 2003, the property is adjacent to Baylor Surgicare at Arlington, one block south of Pioneer Parkway and two miles north of Interstate 20.

Methodist Mansfield Medical Center, Mansfield, TX

The facility includes general exam rooms, imaging services, physical therapy space and features a carriage porch entrance for convenient patient delivery and departures.

The Mansfield property, located at 2801 E. Broad St., includes approximately 12,560 square feet of medical office space. 

The single-story building was developed in 2012 on the campus of the 168-bed, award-winning Methodist Mansfield Medical Center.

The facility houses imaging and physical therapy services and is easily accessible via State Routes 287 and 360.

Arlington Orthopedic Associates’ 19 member physicians are board-certified and rank consistently among the top orthopedic specialists in the Dallas-Fort Worth area. The organization specializes in orthopedics and its related subspecialties in joint replacement, orthopedic surgery and sports medicine.

  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

509-338-5676 - cell

julie@spotlightmarcom.com

Lincoln Property Company Southeast Brokers Vericor Power Systems’ Office Lease Renewal in Alpharetta, GA

  

Hunter Henritze

 ATLANTA, GA (Jan. 20, 2015) – Lincoln Property Company Southeast (Lincoln) has brokered Vericor Power Systems’ long-term renewal of its 14,785-square-foot lease at the Brookside I office building in Alpharetta, Georgia, in the North Fulton submarket of metro Atlanta.

Hunter Henritze and Michael Howell, vice presidents of office leasing for Lincoln, represented the landlord, Equity Office, in the transaction. Kirk Diamond and April Hawkinson, both of DTZ, represented the tenant.

Brookside I is a five-story, Class A office building at 3625 Brookside Parkway in Alpharetta that is presently over 95 percent leased.

The building features a parking ratio of four spaces per 1,000 rentable square feet, and is located near Georgia 400 and Northpoint Mall.

Michael Howell

Brookside I also offers a park-like setting with lakeside walkways, jogging trails and direct access to the Alpharetta Big Creek Greenway Trail.

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

Stephen Ursery

The Wilbert Group

404-405-2354

sursery@thewilbertgroup.com

Hold-Thyssen Negotiates $2.15 Million Price in Sale of 302-Acre Thoroughbred Horse Farm in Ocala, FL

Robert P. Hold

OCALA, Fla. --- Hold Thyssen, Inc., a real estate services firm headquartered in Winter Park, with offices in Tampa, recently negotiated the $2,150,000 sale of a well-known thoroughbred horse racing farm and stables in Ocala. 

Robert Hold, president of Hold-Thyssen, Inc., was listing agent for the property along with George DeBenedicty of Ocala Ranches.

Hold said the property known as Jupiter Island Partners at 13303 W. Highway 40, Ocala covers 302 acres and includes a half-mile racing track.  

Hold negotiated the deal representing the seller Jupiter Island Partners, LLC.   The buyer was Jeff McGuire, an individual.

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

Beth Payan or Larry Vershel, Larry Vershel Communications

407-644-4142

NAI Realvest Negotiates New Retail Lease for Fred’s Southern Market in former Café on Cattlemen Road in Sarasota, FL

Kimberly Manson

Jeffrey Tanner

SARASOTA, FL--- NAI Realvest, based in Orlando, recently negotiated a long-term lease agreement for Fred’s Southern Market in the 6,962 square foot former Elaine’s Café property at 4000 Cattlemen Rd. off Bee Ridge Rd. in Sarasota

NAI Realvest principals Kevin O’Connor and Matt Cichocki who represent Fred’s Southern Market, said the site is the second one that was located for the restaurant.  

Kim Manson, director of retail and investment sales at NAI Realvest and Jeff Tanner, senior VP of investment sales and leasing represented the landlord, Amish Properties, LLC. 

O’Connor said Fred’s Southern Market also recently leased a former Macaroni Grill property in Lake Mary North of Orlando – another deal put together by the same NAI Realvest retail teams. 

Fred’s Southern Market based in Plant City, also has locations Riverview near Tampa and one in Lakeland.

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

Beth Payan or Larry Vershel, Larry Vershel Communications

407-644-4142

NAI Realvest Negotiates $80,000 Sale of Bank Owned Development Site in West Volusia, FL

Chris Butera

ORLANDO, FL -- NAI Realvest recently negotiated the sale of 4.34 acres of residential development land located at 350 E. Ohio Ave. in Orange City. 

Chris Butera, investment associate at NAI Realvest, brokered the transaction representing the seller, REO Funding Solutions of Atlanta.      

The buyer, Viva! Homes, LLC of Longwood, Fla. paid $80,000 for the vacant land which was previously entitled for a 52-unit multifamily project.

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

Beth Payan or Larry Vershel, Larry Vershel Communications

407-644-4142

Miami-Based Atlantic | Pacific Companies Partners With Blue Arch Advisors to Acquire 1,941 Multifamily Units in Georgia and Texas

Mark Briggs

MIAMI, FL - Atlantic|Pacific Companies (A|P) continues to strategically expand its national footprint with the acquisition of six Class A multifamily communities (totaling 1,941 units) located in the desirable investment markets of Georgia and Texas.

The total acquisition cost of the portfolio is in excess of $200 million.

This investment increases A|P’s holdings in Georgia to over 2,600 units in ten communities while increasing its Texas investment to over 2,300 units in seven communities.

 This marks A|P’s first investment within the Houston, TX market, complementing its existing holdings in Dallas, Austin and San Marcos, TX.

 Mark Briggs, Senior Managing Director at A|P Management remarked “A|P is extremely excited to add these quality assets to its growing portfolio.  A|P continues its smart growth with over 5,500 units now acquired within the past three years.”

Gil Hermon

Gil Hermon, Managing Partner at Blue Arch Advisors remarked “we are pleased to purchase such a quality portfolio in partnership with A|P.”

For more information about A|P Management and its property services, visit www.apmanagement.net or call (800) 918 – 1145.

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

Jessica Wade Pfeffer | Jessica Wade Inc.

jessica@jessicawadeinc.com | 305.804.8424

Margie Sernik  | Jessica Wade Inc.

margie@jessicawadein.com | 786.200.2516