$1.7 Million Sale of Pep Boys in Spring Hill, FL Brokered by Marcus & Millichap

Pep Boys, 14690 Spring Hill Drive, Spring Hill, FL

SPRING HILL, 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 Pep Boys, a 5,546-square foot net-leased property located in Spring Hill, FL, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office.

The asset sold for $1,700,000 equating to $307 per square foot.

Barry M. Wolfe, first vice president investments, and Alan Lipsky, associate, both in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Clearwater, Fla.

Barry M. Wolfe

 The buyer, an individual/personal trust from Coconut Grove, Fla, was secured and represented by Paul D. Nudelman, senior associate, in Marcus & Millichap’s Miami office. 

“We received strong investor interest in Pep Boys’ locations recently marketed,” says Wolfe.  “Currently we have two additional Pep Boys locations scheduled to close.  It is evident that many investors are confident with investing in Pep Boys.”

Pep Boys is newly constructed and opened in September 2015.  The property is located in a busy retail area with surrounding national retailers, and is adjacent to Brooksville-Tampa Bay Regional Airport.

Pep Boys is located at 14690 Spring Hill Drive in Spring Hill, Fla. 

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 sale of vista bella apartments in fort lauderdale, fl for $1.04 million

Vista Bella Apartments, Fort Lauderdale, FL

FORT LAUDERDALE, 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 Vista Bella Apartments, a 8-unit apartment property located in Fort Lauderdale, Fla, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office.

The asset sold for $1,040,000 equating to $130,000 per unit.

Derek R. Gibbs, associate vice president investments, Daniel J. Cunningham, senior associate, and Evan Richardson, associate, all in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Pompano Beach, Fla.

Built in 1964 on a 0.25 acre lot, Vista Bella Apartments is a rare waterfront property near the upscale community of Coral Ridge.  The property is comprised of six one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units.

Vista Bella Apartments is located at 2414 NE 25th Place in Fort Lauderdale, Fla, in close proximity to beaches, shopping and restaurants.

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

                            

Ryan Nee

Regional Manager, Fort Lauderdale

(954) 245-3400

Marcus & Millichap arranges sale of 24-unit apartment building in lighthouse point, fl

Point Royale Apartments, Lighthouse Point, FL

LIGHTHOUSE POINT, 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 Point Royale, a 24-unit apartment property located in Lighthouse Point, Fla.

 The asset sold for $3,025,000 equating to more than $126,000 per unit.

Derek R. Gibbs and Daniel J. Cunningham, associate vice president investments, and Evan Richardson, an associate, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Lighthouse Point, Fla.

Point Royale Apartments is a 24-unit apartment complex located in the highly sought after city of Lighthouse Point, Fla. The property consists of one two-story building, comprised of 14 one-bedroom/one-and-one-half-bathroom units, and 10 two-bedroom/two-bathroom units.

Point Royale is within five minutes of major shopping centers, public parks and beaches, as well as Interstate 95. The property is located just east of North Federal Highway and Sample Road at 2201 Northeast 36th Street.

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

                            

Ryan Nee

Regional Manager, Fort Lauderdale

(954) 245-3400

Alliance Residential Co. Purchases Land in Plantation for Development of New Multi-Family Complex

Steve Hyatt

FORT LAUDERDALE, FL  – Berger Commercial Realty announced the $7.5 million purchase of land in Plantation that will be developed into a new apartment complex, tentatively slated as Broadstone Plantation.

Berger Commercial Realty Senior Vice President Steve Hyatt represented buyer Alliance Residential Company in the deal, which closed on Friday. The land was sold by William Murphy of Sunrise Properties and Investments #14 LLC.

Located at 6901 W. Sunrise Blvd., the 12-acre parcel currently houses a former office building. The new multi-family development will feature 250 garden-style units surrounding a lake  with  amenities such as a community clubhouse, pool, fitness center and dog park.

"This was an attractive acquisition for Alliance due to the property's central location in Broward County and proximity to major employment centers," Hyatt said.

This is the second land purchase that Hyatt has closed for Alliance this year. In March, he represented the company in purchasing 4.26 acres of land, located at 1701 S.E. 17th St. in Fort Lauderdale, from Art Institute Investments, LLC for $22.1 million. The company is developing that parcel into a 394-unit apartment complex named Broadstone Harbor Beach.

Rendering of Planned
Broadstone Harbor Beach Apartments,
 Plantation, FL

Plans for Broadstone Harbor Beach include eight stories of apartment units; high-end amenities such as a club room, pool, putting green and state-of-the-art fitness center; 2,700 square-feet of retail space; and a 4,600-square-foot retail outparcel.

Headquartered in Phoenix with a regional office in Boca Raton, Alliance is one of the largest private multi-family development companies in the United States, purchasing real estate, developing projects and managing properties in 19 states and 29 metropolitan markets throughout the country.

Hyatt has more than 30 years of real estate experience in the South Florida market. His focus areas include investment sales, land brokerage, and acquisition / disposition services for both corporate clients and private investors.

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

  

Marielle Sologuren

Pierson Grant Public Relations

(954) 776-1999, ext. 226

msologuren@piersongrant.com

Griffin-American Healthcare REIT III Completes Acquisitions Totaling More Than $180 Million During the Third Quarter 2015

  

Danny Prosky

IRVINE, CA  - American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin- American Healthcare REIT III, Inc., announced the REIT completed the acquisition of nine healthcare buildings in five states, the United Kingdom and Isle of Man, as well as a collateralized debt instrument, for an aggregate purchase price of approximately $180 million during the third quarter of 2015. 

The acquisitions were comprised of six medical office buildings and three senior housing facilities.

“We continue to acquire accretive assets for the quickly growing portfolio of Griffin-American Healthcare REIT III,” said Danny Prosky, president, chief operating officer, interim chief financial officer and one of the largest stockholders of the REIT.

 “With these latest acquisitions, our portfolio is valued in excess of $1.1 billion, based on purchase price, and we have more than $1.0 billion in additional pending acquisitions that we expect to close in the coming months.”

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

Damon Elder                                                                         

delder@ahinvestors.com

 (949) 270-9207

RealtyTrac Reports Share of Chinese-Speaking Buyers Paying Cash for U.S. Homes Increased 229 Percent in the past 10 years

Daren Blomquist

IRVINE, CA, Oct. 6, 2015 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, and Ethnic Technologies (www.ethnictechnologies.com), the global leader in digital multicultural marketing, research, data enhancements and analysis, today announced findings from a joint analysis of 10 million publicly recorded residential property sales deeds in 2014  and 2015 compared to 2005 by ethnicity and native language spoken.

The analysis found that 46 percent of Mandarin Chinese-speaking buyers who purchased U.S. homes in the 17 months ending in May 2015 paid all-cash, up 229 percent from the 14 percent share paying all-cash in 2005 — the biggest increase of any language group.

Among all language groups, the share of all-cash buyers of U.S. homes increased 65 percent from a 20 percent share in 2005 to a 33 percent share in the 17 months ending in May 2015.

Native Language	2005 Cash Share	2015 Cash Share	Percent Increase
Chinese Speakers	14%	46%	229%
All Buyers	20%	33%	65%

“Cash buyers across the board are playing a much bigger role in the housing market now than they were 10 years ago, and that is particularly true for Chinese Mandarin-speaking cash buyers, who are more likely to be foreign nationals,” said Daren Blomquist vice president at RealtyTrac.

“Foreign cash buyers have helped to accelerate U.S. home price appreciation over the past few years given that these buyers are often not as constrained by income as local, traditionally financed buyers.”

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

Ginny Walker

949.502.8300, ext. 268

ginny.walker@realtytrac.com

Bonnie Shekarabi Joins Megatel Capital Investment in Dallas, TX To Lead National Accounts

  

 

Bonnie Shekarabi

 DALLAS, TX, Oct. 6, 2015 – Megatel Capital Investment announced today that seasoned business development executive Bonnie Shekarabi has joined the company as executive vice president, national accounts.

“We are very pleased to work with an industry veteran of Bonnie’s caliber, who has such a successful track record in the industry,” said Zach Ipour, co-founder and co-president of Megatel Capital Investment. 

 “Bonnie has an excellent reputation for producing results and with her leadership we expect great things as we build our platform.” 

Shekarabi has worked in the financial services industry for 28 years. She previously led the business development efforts for Ascendant Capital, Preferred Apartment Communities and Walton International Group, where she significantly increased the number of selling agreements and successfully grew distribution.

 She started her career in the independent broker-dealer channel with Wells Real Estate Funds, where she helped grow the company from 38 employees to more than 700 and increased assets under management from $240 million to more than $5 billion in five years. 

Shekarabi earned a bachelor’s degree in business – economic/finance from Southern New Hampshire University. She is an active member of ADISA and the IPA and currently holds FINRA Series 7 and 63 licenses.

Megatel Capital Investment is the capital markets division of Megatel Homes Inc. Megatel Capital Investment funds help fuel the construction of homes built by Megatel as an additional source of construction financing.

Founded in 2006, Megatel Homes has emerged as one of the most successful homebuilders in the state of Texas. The company has had considerable growth, with more than 100 developments, consisting of 2,700 homes, since its founding. The Dallas Business Journal recently ranked the company third in North Texas homebuilders based on local housing starts in 2014.

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

Jill Swartz

Spotlight Marketing Communications

949.427.5172, ext. 701

jill@spotlightmarcom.com

Berger Commercial Realty Brokers Close Four Lease Transactions Totaling More Than 40,000 Square-Feet Throughout Broward County in South Florida

Judy Dolan

FORT LAUDERDALE, FL - Berger Commercial Realty brokers Judy Dolan, Keith Graves, Greg Milopoulos and Jonathan Thiel recently closed four lease transactions totaling 41,245 square-feet of space throughout Broward County.

Graves and Milopoulos represented Prologis in renewing and expanding a lease for 22,610 square-feet of industrial space to Encompass Supply Chain Solutions, Inc. at Prologis I-595. 

Encompass Supply Chain Solutions will occupy suites 11 and 12 in the 79,418-square-foot building located at 7060 W. State Road 84 in Davie.

Built in 2000, Prologis I-595 offers leases for industrial, warehouse, manufacturing, distribution, storage and office spaces. 

The multi-purpose building features 22-foot ceiling heights, heavy three-phase electrical and convenient access to I-595, I-95, Florida's Turnpike, Port Everglades and Fort Lauderdale International Airport.

Greg Milopoulos

Graves also represented 6500 NW 15th Avenue, LLC in the new lease of 10,000 square-feet of flex space to Guardian Guel Technologies, Inc. at the Gateway Industrial Center. 

Located at 6500 N.W. 15th Ave. in Fort Lauderdale, the 28,270-square-foot building offers industrial, manufacturing and flex space and features grade-level dock loading, 19-foot ceiling heights, three-phase power, building signage and ample parking. 

Gateway Industrial Center is centrally located in Broward County and provides convenient access to Florida's Turnpike, I-595 and Fort Lauderdale International Airport.

Additionally, Graves represented Walton, Lantaff, Schroeder & Carson, LLP in renewing and extending a lease for 6,755 square-feet of office space from Crocker Partners, LLC at Corporate Center in Fort Lauderdale.  Located at 110 E. Broward Blvd., the 24-story class A office building consists of 342,686 square-feet of space in the heart of downtown Fort Lauderdale.

Dolan, Graves and Thiel represented CoFe Fund 1-Plantation, LLC for the expansion lease of 1,880 square-feet of office space to BrightStar Credit Union at 1700 N.W. 66th Ave. in Plantation Technology Park. The campus-style office park is located in central Broward County just west of Florida's Turnpike, east of University Drive and north of Sunrise Boulevard.              

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

954-776-1999

Lexi Robinson, ext. 255, lrobinson@piersongrant.com

Marielle Sologuren, ext. 226, msologuren@piersongrant.com

The Dow Hotel Co. Ramps up Acquisition Program; Greg Denton Joins as Senior Vice President of Hotel Investments

Gregory Denton

SEATTLE, WA, Oct. 5, 2015—Officials of The Dow Hotel Company (DHC), a leading national hotel owner/investor and operator, today announced that it is aggressively ramping up its acquisition program and that hotel industry veteran Greg Denton has joined the company as senior vice president of hotel investments. 

He will be responsible for sourcing acquisitions, structuring financing, investor relations and asset management.

With nearly three decades of hotel experience, Denton has acquired, developed and asset managed more than $6 billion in hotel real estate.  His background includes senior positions with The Related Group of Florida, Gencom Group, CNL Hospitality and White Lodging Services.

 He holds both a Bachelor of Science and Master of Science Degree from the Cornell School of Hotel Administration.  Denton is a frequent speaker and author on hotel asset management and hotel investment.

“We have been both an active buyer and seller of hotels the past year and continue to see significant opportunities to acquire and add value to hotel real estate,” said Murray L. Dow II, DHC founder and president.

 “Greg brings the full range of hotel investment expertise and adds considerably to our bench strength.  There are still quality risk/reward acquisition opportunities, especially for properties that can benefit from renovation, repositioning and strong management, which are our core strengths.”

Dow noted that the company seeks full-service hotels and resorts in primary, secondary and selected tertiary markets.  DHC has in-depth experience and relationships with all the premium hotel brand families, as well as with independent boutique and life-style hotels and resorts.

  

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

Chris Daly

Phone:  (703) 435-6293

Chris@dalygray.com

             

Chatham Lodging Adds Hilton Garden Inn Hotel in Highly Sought-After Marina del Rey, CA

Hilton Garden Inn Marina del Rey, CA

Jeffrey H. Fisher

 PALM BEACH, FL —Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, announced that it has acquired the 134-room Hilton Garden Inn Marina del Rey in Ca. for $44.5 million, or approximately $332,000 per room.   

“This property, located in the heart of the scenic Marina del Rey Harbor/Marina Beach area, adds another irreplaceable jewel to our portfolio,” said Jeffrey H. Fisher, Chatham’s chief executive officer and president.

 “The hotel is in the heart of the rapidly growing technology hub referred to as Silicon Beach, a five-mile stretch between Santa Monica and Playa Vista where technology stalwarts such as Google, Microsoft, Yahoo, YouTube, Sony, Belkin and Facebook have or are expected to establish a meaningful presence.

“Marina del Rey is an extremely high barrier-to-entry market,” he noted.  “This was a complex transaction where we called upon all of our acquisition expertise, including  a five-month ground lease and loan assumption negotiation.  

“We have acquired approximately $190 million of premium-branded, high-quality, in-fill hotels through non-marketed transactions in 2015, increasing our hotel investments by approximately 16 percent and expanding our wholly owned portfolio room count by 11 percent. 

The Hilton Garden Inn Marina del Rey hotel converted from an independent hotel in June 2013 after an extensive renovation and received the “Best Conversion Award” by Hilton in 2014. The property will only require minimal brand-mandated updates in the near-term and will require no major capital investment until 2020. 

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

Chris Daly    

Daly Gray Public Relations                                                   

chris@dalygray.com

(703) 435-6293                                                                           

                                                                           

www.chathamlodgingtrust.com.

Lincoln Property Co. Leases 552,330 SF to Distribution User in Phoenix, AZ; Brings Southwest Valley industrial building to 100 percent occupied

7037 West Van Buren Street, Phoenix, AZ

Marc Hertzberg

PHOENIX, AZ – Investment, development, leasing and management expert Lincoln Property Company (LPC) has completed a 552,330-square-foot lease that will fully occupy a Phoenix industrial building and bring approximately 200 new jobs to the Southwest Valley.

The undisclosed distribution user will move into its new space in October and will fully occupy the project, located 7037 W. Van Buren Street in Phoenix. It will use the building to service a major requirement from a distribution-centric Fortune 50 company. It will also hire approximately 200 employees.

JLL Managing Directors Marc Hertzberg and Anthony Lydon represented LPC. Tom Louer of Lee & Associates represented the tenant.

“This lease is a great example of a positive Arizona industrial market,” said Hertzberg. “This user chose Phoenix after a multi-market search that included Northern and Southern California. 

"It then chose this building, in particular, from among a very competitive local inventory that includes five or six newly constructed, nearby alternatives.”

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

New Castle to Transform New Orleans Hotel to Downtown’s First Fairfield Inn and Suites

  

Gerry Chase

SHELTON, CT —Officials of New Castle Hotels & Resorts, a leading hotel owner, operator and developer, announced the closure of Baronne Inn and Suites in downtown New Orleans ahead of a $10 million, eight-month total transformation to convert the historic building to a Fairfield Inn and Suites.  The hotel expects to reopen in spring, 2016.

Located at 346 Baronne St., in the central business district and just one block off Bourbon St., the Fairfield Inn and Suites New Orleans Downtown/French Quarter Area will mark the brand’s debut in the Big Easy.

 The all-suite hotel will feature 103 guest suites, a full bar outfitted to emphasize the hotel’s one-of-a-kind destination, and will offer complimentary breakfast and WiFi; everything a guest needs for a comfortable and productive stay at a great value.

"Reinvention has been New Orleans’ calling card since Hurricane Katrina, and the results, including renovated and upgraded hotels, 600 more restaurants and entertainment venues, clearly appeal to the record 9.5 million guests who visited last year,” said Gerry Chase, president and COO of New Castle Hotels & Resorts.

 “We feel very confident that an urban Fairfield Inn and Suites product will be very attractive to both business travelers attending conferences and conventions at the Morial Center and value-minded leisure travelers who want their vacation dollar to go a little further.” 

The Fairfield Inn and Suites New Orleans is within walking distance of the Mercedes-Benz Superdome, the Morial Convention Center and Harrah's New Orleans Casino, as well as the city's famed French Quarter.  The Port of Orleans, one of the busiest cruise terminals in the U.S. and Louis Armstrong International Airport both are minutes away.  

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

Lauralee Dobbins

Write Touch Public Relations

609-451-5102

Lauralee@writetouchPR.com

www.newcastlehotels.com.

Taylor & Mathis of Florida Executes Largest New Office Deal in Airport West/Doral Market in metro Miami, FL

9250 Doral at 9250 NW 36th Street, Doral, FL

MIAMI, FL – Univision, an American Spanish language broadcast television network, has signed the largest new office lease this year in the Airport West/Doral market.  

The firm leased 40,000 square feet at 9250 Doral located at 9250 N.W. 36th Street.

  The 12-year, $14 million deal was brokered by Brian Gale and Andrew Trench of Taylor & Mathis representing the owner Delma and co-brokers Mitchell Millowitz and Lance Benson of Newmark Grubb Knight Frank representing Univision.  Univision, who owns and fully occupies a building right across the street, is expanding their offices to 9250 Doral.

Brian Gale

Just two years ago 9250 Doral, an outdated 1980s office building was completely vacant.  Taylor & Mathis of Florida has successfully overseen the building’s turnaround filling 88% of the office space in four deals valued at $33 million, since the building’s conversion and multi-million dollar renovation.

 In that time 145,000 square feet of leases have been completed with Univision; Prestige Health Choice leasing 50,000 square feet; West Coast University 45,000 square feet; and Tracfone 10,000 square feet.

The former single tenant building recently underwent a multimillion dollar renovation by owner Delma Properties to convert the property to a multi-tenant office building.  The quality of the new interior finishes makes it feel like a brand new building.  It has great ceiling height and an excellent window line.

  Two years ago, 9250 Doral’s single tenant occupant, Amadeus North America, moved out and the building became 100% vacant.  Delma Properties took the Class B building and gave it a modern, Class A renovation.

 “Tenants are getting a great value,” said Gale. “They love the modern renovation, the Doral location and the building’s large 50,000 square foot floor plates.”

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

Brian Gale, Taylor & Mathis

bgale@taylormathis.com

(305)476-8880

www.TaylorMathis.com.

www.delmaproperties.com

Real Estate Capital Institute Reports Commercial Mortgage Spreads Widen By More Than 15 Basis Points

Jean Darrow Peck

Chicago, IL- As Fed has decided to keep rates steady

again, mortgage spreads have widened by more than 15 basis points as well.

However, steady rates continue drawing back more bond investors into the realty capital markets, including those seeking safe haven from global

turmoil.

As a rule of thumb, shorter term loans of five years or less hover in the three-handle mortgage rate range for leverage levels below 75%, and longer term fixed-rate debt will start with a four-handle range, occasionally

dipping into the higher-three-percent range for stronger credit underwriting.  Floating rate debt pricing remains basically unchanged. 

With rates still at very competitive levels, lenders focus more on sponsorship and funding flexibility, rather than pricing for winning deals.

Banks, for example, will waive recourse requirements and fix rates, in order to prevent clients from moving to conduit or life company debt.

Alternatively, conduits provide higher leverage (including mezz/pref equity)

and delve into tertiary markets to gain market share.  Life companies offer

the lowest rates and additional proceeds during the loan term to draw

lower-leverage, higher quality properties.  Lastly, agencies provide a

combination of all of the above for multifamily deals, particularly

affordable housing ventures.

A potential Fed rate hike is one of the hottest topics within the realty capital markets.  Yet many investors and funding sources see little change in strategic plans, should rates rise as much as a quarter point.  Numerous players already believe that rates hit bottom and are now on a steady rise, although not at any dramatic levels.  In other words, gradual rate increases

are baked into investors' plans for the foreseeable future.

Peaking values are another topic most experts discuss.  While prices have reached, or exceeded, pre-recession levels, finding profitable investments at "reasonable" yields remains an elusive goal.  Despite record-pricing, investors still believe more room exists for steadily rising values; inflation and supply-constrained markets are hampered by escalating new-construction costs, making existing properties good value propositions.

The Real Estate Capital Institute's Jeanne Darrow Peck suggests, "people are

now expecting steady rate behavior, perhaps slowing down the pace of yield

compression."

Call the Real Estate Capital RateLine at

7RE-CAPITAL (773-227-4825) for free daily rate updates.

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

Jeanne Darrow Peck, Executive Director

director@reci.com

http://www.reci.com

NAI Realvest Negotiates Four Leases Totaling More than 10,240 Square Feet at Poinciana CommerCenter in Kissimmee, FL

  

Kristen Kemp

KISSIMMEE, FL – NAI Realvest recently completed four industrial leases at Poinciana CommerCenter East on Business Center Lane in Kissimmee representing the landlord, Small Bay Partners, LLC of Maitland.  

Michael Heidrich, a principal at NAI Realvest and associate Kristen Kemp brokered a new lease for 3,850 square feet at 1765 Business Center Lane. The local tenant is VR Fabrications, Inc. 

Heidrich also negotiated the lease of 1,890 square feet at 1775 Business Center Lane where Designer Home Furnishings is the new tenant who was represented by Ingrid Volan of La Rosa Realty.

 At 1745 Business Center Lane, Heidrich brokered a new lease of 1,269 square feet for AMI Equipment and Facilities Management, LLC and a lease renewal for Academy of Martial Arts who occupies 3,240 square feet at 1719 and 1721 Business Center Lane

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

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