Crossman & Co. brings three Publix-anchored shopping centers to 100% occupancy within 90 days in Central Florida

  

 

Craig Katterfield

Orlando, FL  – Crossman & Company Senior Associate Craig Katterfield, CCIM completed new leases that brought three Publix-anchored shopping centers to 100 percent occupancy within the last 90 days.

New tenant, Scoops Old Fashioned Ice Cream at Stadium Corners, 5380 Stadium Parkway in Viera, put occupancy at the 69,471-square-foot center at 100 percent. This is Scoops’ second location.

The UPS Store joined Colonial Coast Crossing shopping center located at 2000 Cheney Highway in Titusville.  Addition of The UPS Store put this 52,970-square-foot center at 100 percent occupancy.

Crown Centre Plaza welcomed new tenant Painting with a Twist to the 106,053-square-foot shopping center located at 2596 Enterprise Road in Orange City. This most recent lease marked the second time this year Crown Centre reached 100 percent occupancy.

Katterfield closed all three deals within 90 days representing the landlord, Publix Super Markets, Inc.

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

  Sydnie Cobb

  Crossman & Company

  scobb@crossmanco.com

  407-581-6261

EagleBridge Capital Arranges $20.75 Sale and $15M Mortgage for the Saint Francis Information Technology Center in Hartford, CT

Saint Francis Information Technology and Finance Center, 103 Woodland Street, Hartford, CT

Ted M. Sidel

Boston, MA -- EagleBridge Capital has arranged the $20,750,000 sale of as well as permanent mortgage financing in the amount of $15,000,000 for the Saint Francis Information Technology and Finance Center located at 103 Woodland Street, Hartford, Connecticut. 

The sale and financing were arranged by EagleBridge principals Ted M. Sidel and Brian D. Sheehan. The non-recourse, long term fixed rate mortgage was provided by a major Connecticut based financial institution.

The five-story, 57,753 square foot Saint Francis Information Technology and Finance Center, is located on a 3.92 acre site across Woodland Street from the main campus of Saint Francis Hospital & Medical Center. The building is NNN leased to Saint Francis on a long term basis and houses administrative, IT, and finance offices.

 The Saint Francis Hospital & Medical Center is a 617 bed major teaching hospital and one of the largest hospitals in Connecticut. It is a regional referral center with major clinical concentrations in cardiology, oncology, orthopedics, women’s services, and rehabilitation. 

Brian D. Sheehan

In 2011, the hospital opened the ten-story, 318,000 square foot John T. O’Connell Tower featuring 135 private patient rooms,19 new operating rooms, a new emergency room with 70 treatment areas and 13 sheltered ambulance bays, and a rooftop heliport.

EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for single tenant, shopping centers, apartments, office, industrial,  R & D, and medical buildings, mixed use properties, hotels, and condominiums as well as special purpose buildings.

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

Stanley J. Sidel

Senior Advisor

EagleBridge Capital

33 Broad Street

Boston, MA 02109

Tel: 617-292-7177 Ext.14

www.eaglebridgecapital.com

Palmetto Bluff Breaks Ground on Moreland Village Outfitters in Bluffton, SC

Jay Walea

BLUFFTON, SC  – Palmetto Bluff has celebrated the groundbreaking of the new Moreland Village Outfitters Center, a complex of buildings organized around a series of courtyards that will serve as the headquarters for Palmetto Bluff’s Conservancy as well as the launching point for all outdoor activities.

“The Outfitters Center is a crucial step in supporting our overall conservancy efforts,” said Jay Walea, Palmetto Bluff conservancy director.

Palmetto Bluff Village Dock

“The center will inspire both guests and residents to explore Palmetto Bluff’s unique outdoor environment, whether it be a nature walk with our full-time archaeologist, kayaking on the river or embarking on a scavenger hunt. 

"We are looking forward to seeing our vision come to life, providing a model for how design and development can celebrate the outdoor environment.”

The Outfitters Center will play host to outdoor classrooms and event spaces, and will include a retail store, sales office, canteen, bike barn, amphitheater and training pond.  It will additionally feature a conservancy introduction area, which will allow the Outfitters staff to educate guests about the storied history of Palmetto Bluff, as well as Conservancy programming.  The project is scheduled for completion October 2016.

 Moreland Village is slated for completion in December 2016. 

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

Hadley Creekmuir

404-343-4080

hcreekmuir@thewilbertgroup.com

   

www.palmettobluff.com.

JLL’s Vantage Lofts Sale Achieves Record Per-Unit Price for Metro Las Vegas

  

John Cunningham

 LAS VEGAS, NV – A highly amenitized, core-plus luxury development combined with a reinvigorated institutional investor market this week to achieve the highest per-unit multifamily sale price in the history of metro Las Vegas.

 On behalf of Goodman Real Estate, JLL’s Capital Markets experts announced the $39 million sale of Vantage Luxury Flats and Loft Living (Vantage) to buyer The Bascom Group. The sale, which includes an existing 110 units and adjacent 3.8-acre parcel, reflects a per-unit price of more than $345,000.

Executive Vice President John Cunningham and Vice President Charles Steele led the JLL team in the transaction.

“Vantage is truly an institutional-quality asset, drawing interest from multiple institutional buyers who were previously hesitant to return to Las Vegas,” said Cunningham. “Vantage’s incomparable quality, combined with the recovery of the Las Vegas multifamily market and accelerating economic growth, proved invaluable.”

“The exceptional finishes and exclusive lifestyle at Vantage facilitated a successful lease-up featuring some of the highest rental rates in the Las Vegas Valley,” said Steele.

Located at 201 S. Gibson Road in Henderson, Nevada, and completed in 2014, Vantage is comprised of three five-story buildings featuring 110 units, with 26 unique floor plans including singe-story flats, multi-level lofts and penthouses. Units range from 922 to 3,133 square feet, with an average unit size of 1,831 square feet.

  

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

 Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

Cohen Commercial Realty Brokers Three New Leases in South Florida

William Soled

West Palm Beach, FL — Allan Carlisle and Bryan Cohen of Cohen Commercial Realty, Inc., signed a 1,600-square-foot nail salon at Village Marketplace, located on the northwest corner of Okeechobee Boulevard and Haverhill Road in West Palm Beach, Florida. Cohen Commercial Realty, Inc., represented the Landlord in this transaction.

Palm Beach Gardens, FL — Bryan Cohen and Allan Carlisle of Cohen Commercial Realty, Inc., announced the signing of a 3,244-square-foot space with a counseling office at 3385 Burns Road in Palm Beach Gardens, Florida. Cohen Commercial Realty, Inc., represented the Landlord in this transaction.

 West Palm Beach, FL — Bryan Cohen, William Soled, and Dylan Montefusco of Cohen Commercial Realty, Inc., announced the signing of Saphirra Nail Salon to lease a 3000-square foot space in the heart of downtown West Palm Beach. The salon will be located at 112 N Dixie Highway at the northeast corner of North Dixie Highway and Clematis Street. Cohen Commercial represents the Landlord in this transaction.

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

 Kacy Martin

Cohen Commercial Realty, Inc.

561.471.0212 Office

561.471.5905 Fax

kacymartin@cohencommercial.com

www.cohencommercial.

Cortland Partners Enters Austin, TX with Acquisition of 308-unit City View Apartments

  

Steven DeFrancis

AUSTIN, TX — Cortland Partners has entered the Austin market with the acquisition of City View Apartments, a 308-unit apartment near the heart of Austin’s CBD.

With Austin’s current and projected rapid employment growth, Atlanta-based Cortland Partners has been seeking the right opportunity to expand its Texas portfolio in this market.

 The company currently has regional offices in both Dallas and Houston and owns 10 apartment communities in the Dallas-Fort Worth area, six in Houston, and three in San Antonio.

According to the Austin Chamber of Commerce, employers added 32,500 net new jobs from June 2014 to June 2015, representing a growth rate of 3.6 percent over 12 months. 

This growth in turn bodes well for the city’s rental housing market. “The Austin market has seen significant demand for new multifamily product during the past five years,” said Steven DeFrancis, CEO of Cortland Partners.

“The city continues to attract new residents, jobs and economic growth, resulting in increased demand and continued low vacancy. Cortland Partners has a unique capability to revitalize current multifamily offerings in the Austin market to better meet this demand.”

                                                                                                                                                                

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

Sarah DeFrancis

Cortland Partners

404.965.3988

Sarah.DeFrancis@cortlandpartners.com

Multi Housing Advisors Brokers $27.1 Million Portfolio Sale in Pensacola, FL

Jimmy Adams

BIRMINGHAM, AL — Multi Housing Advisors (MHA) has arranged the $27.1 million sale of two apartment communities located in Pensacola, Florida. 

The transaction is indicative of MHA’s continued activity in the market, which has experienced tremendous growth during recent years.

Jimmy Adams, who leads MHA’s Birmingham, Alabama, deal team represented Greystone, the seller, in the transaction. ApexOne purchased the property.

“ApexOne was able to acquire two very well-located assets in a growing Florida market,” Adams said. “Their plan is to take the property up another level by further enhancing the amenity package and unit interiors.”

The two properties, consisting of 392 units, closed simultaneously. Both properties had 50 percent of their unit interiors upgraded by the seller, demonstrating the upside in significant rental premiums.

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

Savannah Duncan

The Wilbert Group

404-343-0870 (O) 404-901-4433 (C)

sduncan@thewilbertgroup.com

www.usmha.com.

CBRE Lists Value-Add Office Investment Opportunity in Altamonte Springs, FL

North Lake Business Park, 370-774 South North Lake Boulevard, Altamonte Springs, FL

Ron Rogg

 ORLANDO, FL -- CBRE, as exclusive agent, is pleased to offer the North Lake Business Park (“The Property”) for sale in Altamonte Springs located within the North Orlando submarket.

The Property, at 370-774 S. North Lake Boulevard, consists of 15 single-story, office and flex buildings with a total of 270,555 rentable sq. ft. situated on approximately 28 acres alongside Interstate-4.

The Property’s combination of upside potential, loyal tenancy, and predictable cash flow while unencumbered with debt provides an exceptional opportunity in today’s low interest rate environment.

Superb visibility and surging leasing activity have contributed to a move toward stabilization of the property, while still providing significant upside potential.

Strong Orlando fundamentals, excellent demographics and a significant projected increase in construction related jobs will all contribute toward stabilization of the property, while benefitting from increasing rental rates and lower market vacancy.

 Its strategic location near the area’s largest employers and access to Interstate-4 provides unparalleled visibility, strong barriers to entry, and attracts a diversified tenant demand.

With Orlando’s job market leading the nation in growth, the North Lake Business Park is an exceptional value-add investment opportunity.

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

Ronald J. Rogg, CCIM

Executive Vice President

CBRE | Capital Markets

+1 407 839 3194

ron.rogg@cbre.com

JLL’s Bill Honsaker Named to GPEC Board of Directors

  

 

Bill Honsaker

PHOENIX, September 24, 2015 – JLL Managing Director Bill Honsaker is one of eight new members just named to the Greater Phoenix Economic Council’s (GPEC) 2015-2016 Board of Directors.

 An award-winning broker in the Phoenix office of JLL, Honsaker has 25 years of experience in the commercial real estate industry. In that time, he has served as an active GPEC Certified Ambassador for five years and is a current member of the Ambassador program steering committee.

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

Bull Realty Brokers $3.7 Million “Northwinds Summit” in Alpharetta, GA

 

Lauren H. Griffin

ATLANTA, GA —Bull Realty brokered the sale of Northwinds Summit, a 20,000 sq ft office building located in Alpharetta, GA. The sale closed on Sept. 8, 2015 for $3.7 million.

Sean Williams, VP National Office Group with Bull Realty, represented the seller, Providence Bank. Lauren H. Griffin with Hubbard Brush represented the buyer, Arseal Technologies. 

Williams said, “After leasing 25% of the shell building, we took the property to the market for sale and received multiple offers. 

"The buyer plans to complete the interior build out and occupy approximately 75% of the building. The price point indicates the renewed strength of this market, which seems to have fully recovered from the recession.” 

Bull Realty, Inc. (www.BullRealty.com) is a U.S. commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing and advisory services.

 The firm also produces and hosts the nationally-syndicated Commercial Real Estate Show (www.CREshow.com). The popular weekly show is broadcast on 42 radio stations nationwide, iTunes, YouTube and CREshow.com.

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

Melissa Henry

Communications Associate

Bull Realty, Inc.

50 Glenlake Pkwy, Suite 600

Atlanta, GA  30328

404-876-1640 x 110

RealtyTrac Reports 54 Percent of U.S. Metros on Pace to Reach Eight-Year High in Home Sales in 2015 Based on Sales Through August

  

Mark Hughes

IRVINE, CA --  RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, released its August 2015 U.S. Home Sales Report, which shows single family home and condo sales through August were on pace for an eight-year high nationwide and in 110 out of 204 (54 percent) metropolitan statistical areas with sufficient sales data.

“The continued strength in sales volume across a wide spectrum of markets in August indicates that shockwaves from recent global stock market instability have not weakened the housing recovery and in fact there is evidence that the instability has fueled more demand for U.S. real estate,” said Daren Blomquist, vice president of RealtyTrac.

“We are seeing more globalization as Southern California has become a destination for international buyers,” said Mark Hughes, chief operating officer with First Team Real Estate, covering the Southern California market. “Eighty percent of new construction in Irvine last year was sold to Chinese buyers. International buyers are driving home prices up and sometimes out of reach for many local residents.”

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

Ginny Walker

949.502.8300, ext. 268

ginny.walker@realtytrac.com

john greene Realtor Welcomes Industry Veteran Mike Long

Mike Long

CHICAGO, IL  – Naperville, Illinois-based john greene Realtor, one of the largest private brokerages in Chicago’s western suburbs, announced Mike Long, a real estate professional with more than 17 years of experience and $100 million in career sales, has joined the firm as a broker.

 With Long’s hire, john greene Realtor has grown its agent roster by over 20 percent in the past year.

“Our firm has been specializing in Chicago’s western suburbs for the past four decades, and we’re proud to be a destination for the industry’s top talent,” said Tim Greene, CEO of john greene Realtor. “Mike’s expertise in the same communities in which our firm thrives makes him a perfect complement to our team.”

john greene Realtor was recently named among the prestigious Inc. 5000, which lists the fastest-growing private firms nationally, ranking 11th among the fastest-growing private real estate firms in Chicago.

john greene Realtor has also been consistently voted “Best Real Estate Company” by Naperville Magazine’s “Best of Naperville” for the past five years. “We’re proud of our firm’s growth in recent years, and are well-positioned to further strengthen our reach and impact throughout the Chicago market,” said Greene.

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

Julie Liedtke, jliedtke@taylorjohnson.com, (312) 267-4521

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

Waterton Associates Acquires Taluswood Apartments in North Suburban Seattle, WA

Peter Kuzma

CHICAGO, IL – Waterton Associates LLC, a U.S. real estate investor and operator, announced it has acquired Taluswood Apartments in Mountlake Terrace, Washington.

Located in a wooded neighborhood approximately 15 miles north of downtown Seattle, the garden-style rental community consists of 512 apartments across 24 buildings, with a mix of one-, two- and three-bedroom floor plans.

Taluswood is one of two communities in the Seattle area owned and managed by Waterton. In December 2014, the Chicago-based investor re-entered the market with the acquisition of Martha Lake Apartments, a 155-unit community in north suburban Lynnwood – about seven miles northeast of Taluswood.

“Seattle’s job growth, fueled by the city’s burgeoning tech sector, is generating unprecedented demand for rental housing, with thousands of units under construction in King and Snohomish counties,” said Peter Kuzma, vice president of acquisitions at Waterton Associates.

“Yet despite the supply that’s been added, the vacancy rate has continued to fall, allowing many landlords to push rents and obtain attractive yields.”

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

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

www.watertonassociates.com.

Heritage Harbor Ottawa Resort to Release Final Five Riverfront Single-Family Home Sites in West Peninsula Neighborhood of Ottawa, IL

Tammy Barry

OTTAWA, IL – Heritage Harbor Ottawa Resort, a marina resort community along the Illinois River in Starved Rock Country, announces it is releasing the final five riverfront single-family home sites in the development’s West Peninsula neighborhood via a site selection lottery on October 2.

Located at 1970 N. 2753rd Road in Ottawa, Illinois, just 90 minutes southwest of Chicago, Heritage Harbor Ottawa is a 142-acre master-planned development of single-family homes, townhomes, vacation cottages, carriage homes and condos, centered on a 32-acre harbor and full-service marina.

“We anticipate tremendous interest for these premium lots, since we already sold out of all of the riverfront single-family sites we originally planned to offer on the West Peninsula,” said Tammy Barry, director of sales and marketing for Heritage Harbor Ottawa.

“But our sales team has seen such strong demand for single-family homes at Heritage Harbor that we decided to re-plat these sites, which were originally earmarked for townhomes and condos, and offer them up to single-family buyers.

“This is a golden opportunity for buyers who thought they missed their chance to build their dream home in a prime riverfront location.” 

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

Sarah Lyons, slyons@taylorjohnson.com, (312) 267-4520

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

Chicago Real Estate Leaders Ready for “Know Before You Owe”

 

Jeanine McShea

CHICAGO (September 23, 2015) – With the implementation of the Consumer Financial Protection Bureau’s “Know Before You Owe” rule less than two weeks away, many real estate professionals are bracing for how the rule will change the home-buying process starting October 3.

 To prepare for these changes, some Chicago providers have been taking creative steps that can serve as a model for the rest of the industry.

  

“Although we’ve known since 2013 that these changes were coming, some industry professionals still have not fully updated their systems,” said Ben Niernberg, executive vice president of business development and operations at Northbrook, Illinois-based Proper Title, LLC, a full-service title insurance agency.

“Integrating the new required fee quotes, generating the new closing disclosure forms, and implementing tracking systems to gauge the new delivery and review periods, is no small undertaking,” he said. “But in addition to spending the past year and a half making sure Proper Title was prepared, we’ve also taken a proactive approach to ensure our clients – and our partners – are prepared to navigate the new process.”

Related Realty, a premier brokerage firm specializing in Chicago’s most in-demand neighborhoods, plans to provide ongoing education for its staff as the new rule is rolled out. “Buying a home is one of the most significant purchases a person will make in their lifetime,” said Jeanine McShea, vice president and managing broker at Related Realty. 

“As advocates for our clients, we need to continually stay well-versed in the process and be able to manage any additional changes that may come.”

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

 Julie Liedtke, jliedtke@taylorjohnson.com, (312) 267-4521

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527