Draper and Kramer Promotes Two within its Residential Management Division

                                                                                                          

Jay Howell

CHICAGO, IL – Full-service national real estate firm Draper and Kramer, Incorporated announces it has promoted Ian Novak, CPM, PCAM, to the position of vice president, director of condominium management services.

 Additionally, the firm has appointed Jay Howell, director of operations for Draper and Kramer, to also serve as operations manager for its condominium management services group.

“It’s a real testament to the depth and track record of Draper and Kramer’s residential management group that we had two ideal internal candidates to tap for these leadership roles,” said Julie Johnson, senior vice president and director of management services for Chicago-based Draper and Kramer.

“It’s a busy and exciting time for this division, especially with several recent additions to our management portfolio in the last few months. We’re proud to have such a great team in place as we build on our reputation as one of the top management firms in the country.”  

A nine-year veteran of the condominium property management industry, Novak brings substantial hands-on expertise to his new position, having managed and supervised an array of condominiums ranging from 25 to 450 units and totaling approximately 2,600 residences.

Ian Novak

Having joined Draper and Kramer in 2008 as a property manager and property supervisor, Novak most recently served as vice president in the residential management division.

 As director of condominium management services, Novak’s responsibilities will include developing new business, focusing on board relations and ensuring compliance with condo law and practices. Novak is a graduate of Webster University in St. Louis and is a member of the Institute of Real Estate Management.

“Ian brings a great combination of practical property experience and managerial acumen to this position, which will serve him well as he guides the team managing our portfolio of associations and properties,” said Johnson. “And thanks to his tenure with Draper and Kramer, he’ll be able to hit the ground running in this leadership role.”

               

As operations manager for condominium management services, Howell will support Novak and his team in the areas of operations and accounting. Howell will also continue to serve as director of operations for Draper and Kramer, a position he has held since 2014. A 12-year industry veteran, Howell joined Draper and Kramer in 2005 in the residential management division.

“We’re fortunate to have Jay available as such a knowledgeable resource for our team, particularly with the latest additions to our condominium management portfolio. Here in Chicago, we recently took over management of The Manhattan, a 104-unit condo association at 431 S. Dearborn St., and The Marquee Condo Association, a 208-unit association at 1464 S. Michigan Ave.,” said Johnson. “We’re continually seeking out new efficiencies in our processes, and Jay’s in-depth expertise in this industry will be extremely valuable.

  

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

www.draperandkramer.com.

RAF Pacifica Group’s First Creative Industrial Spec-Development Project in San Diego, CA Nearly 50 Percent Pre-Leased

 

Adam Robinson

SAN DIEGO, CA – Announcing that he has pre-leased approximately 50 percent of his first Creative Industrial™ spec development, el•e•vate, months before construction is finished, Adam Robinson, Founder & Principal of San Diego-based developer RAF Pacifica Group notes that the success of the product was expected.

“We made the decision to start construction on this 156,977 square-foot, two-building project on a purely speculative basis because we know there is enormous demand for new, high-quality industrial space.

“With that demand, and our unique Creative Industrial approach, we were able to garner strong interest from multiple tenants and successfully pre-leased nearly 50 percent of our first spec-Creative Industrial development months ahead of its construction completion date,” he noted.

“The timing is right for spec-industrial development in San Diego,” continues Robinson. “Our ability to heavily pre-lease this spec-project demonstrates that the demand for industrial space will support new development if you’re willing to invest in a high-end product.

“By building state-of-the-art industrial facilities that integrate a creative office, corporate headquarters aesthetic, we are delivering the highest quality, most functional product in the current market.”

Tucker Hohenstein

Tucker Hohenstein, Senior Vice President of Colliers International in Carlsbad, adds, “All signs indicate a need for spec-industrial space. The tightening in supply of industrial product, coupled with demand drivers such as the rise of e-commerce, makes spec-development a strong long-term investment opportunity for investors and developers.”

The development site is located at 2870 and 2864 Whiptail Loop in Carlsbad, California. Situated in the Carlsbad Oaks North business park, el•e•vate offers access to the I-5, I-15, and Highway 78 for transportation and distribution.

Mike Erwin, Conor Boyle and Tucker Hohenstein of Colliers International are handling the leasing on behalf of RAF Pacifica Group.

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

 Katie Kea / Jenn Quader

Brower, Miller & Cole

(949) 955-7940

kkea@browermillercole.com

Marcus & Millichap Arranges $690,000 Sale of 21-Unit Multifamily Portfolio in Tampa Bay, FL

Ned Roberts

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 a 21-unit multifamily portfolio located in Tampa and St. Petersburg, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $690,000.

            “The seller felt now was the time to realize profits on a portfolio assembled in the aftermath of the Great Recession,” says Ned Roberts, associate in Marcus & Millichap’s Tampa office. “We were pleased to identify a singular buyer capable of acquiring this non-contiguous portfolio of assets.”

Roberts, along with Michael Donaldson and Nicholas Meoli, both vice president investments in the firm’s Tampa office, had the exclusive listing to market the property on behalf of the seller. They also procured and represented the buyer.  

The portfolio consists of one duplex, one triplex and four quadplexes located across both Hillsborough and Pinellas counties. There are 21 units comprised of one, two and four-bedroom floor plans ranging in size from 575 to 1,020 rentable square feet. The portfolio has a history of high occupancy rates and was 100 percent occupied at the time of sale. 

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

Ari Ravi

Regional Manager, Tampa

(813) 387-4700

Hold-Thyssen Negotiates Five Lease Agreements at Phillips Place in Southwest Orlando, FL

Darby Hold

ORLANDO, FL --- Hold-Thyssen, a real estate services firm headquartered in Winter Park, recently negotiated five lease agreements for professional office space totaling 4,263 rentable square feet at Phillips Place, 7575 Dr. Phillips Blvd., Orlando. 

Darby Hold, transaction specialist for Hold-Thyssen, Inc. negotiated all five transactions on behalf of the Cincinnati, Ohio-based landlord at Phillips Place, Financial Way Realty, Inc. 

                                                                  

Tom Rich

Schnabel Foundation Company signed a new lease for 1,200 rentable square feet.  The foundation, engineering and construction firm with nine offices nationwide is relocating its Orlando office to Phillips Place.  The tenant was represented by Tom Rich of CBRE.

Investment  advisors Longenecker Financial Strategies, Inc. renewed their lease of 1,116 square feet; Telecomp of Central Florida, Inc. extended their lease of 715 square feet to continue providing their power protection needs and other services for central Florida commercial and residential customers;

 Long-time travel and tour agency firm, Phoenicia Tours & Transfers, LLC renewed their lease of 712 square feet and business brokers Fitzgibbon Alexander, Inc. renewed their lease of 520 rentable square feet.  These four tenants were not represented in the transactions.

 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.

The Muller Company’s Westwood Medical Plaza in Los Angeles and Taj Mahal Medical Center in Orange County Win BOMA’s 2016 Outstanding Building of the Year (TOBY) Awards

Taj Mahal Medical Center, Laguna Hills, CA

IRVINE, CA -- The Muller Company, a full-service real estate company specializing in management, investment and development of commercial real estate in the western United States, announced that two Southern California medical office buildings owned and managed by The Muller Company have received the 2016 The Outstanding Building of the Year® (TOBY) Award by the Building Owners and Managers Association (BOMA) in each of their respective markets.

Suzi Mier

The award is considered the most prestigious and comprehensive program of its kind in the commercial real estate industry, recognizing quality in buildings and rewarding excellence in building design, operation and management.

The Taj Mahal Medical Center, located at 23521 Paseo de Valencia in Laguna Hills, Calif., received The Outstanding Building of the Year® (TOBY) Award by the Building Owners and Managers Association of Orange County in the category of Medical Office Buildings.

The Taj Mahal Medical Center is a three-story, 89,000-square-foot landmark mid-century modern building, which was transformed into a “Class A” state-of-the-art medical office building.

Situated on a raised podium across the street from Saddleback Memorial Hospital, the neoclassical contemporary architecture is reminiscent of similar landmark buildings like the Kennedy Center in Washington, D.C., the Lincoln Center in New York and the Dorothy Chandler Pavilion at the Los Angeles Music Center in Los Angeles.

The building is also walking distance to the Laguna Hills Mall, which is currently under renovation and has been renamed Five Lagunas, and Laguna Woods Village (formerly known as Leisure World). Suzi Mier, CPM is the property manager for the building and Mark Zuvich and Eric Tse of Zuvich Commercial Advisors, Inc. of Irvine, Calif., are the leasing agents.

Westwood Medical Plaza, 10921 Willshire  Boulevard,
 Los Angeles, CA

For more information about the Taj Mahal Medical Center, see www.tajmahalmedicalcenter.com.

Westwood Medical Plaza, located at 10921 Wilshire Boulevard in Los Angeles, received its third TOBY Award from the Building Owners and Managers Association of Los Angeles in the category of Medical Office Buildings this year.

 Located at the entrance to the University of California, Los Angeles (UCLA) campus and walking distance to restaurants, boutiques and movie theatres, Westwood Medical Plaza is a 12-story, 155,000-square-foot “Class A” medical office building.

The building offers spectacular views of Los Angeles and features an art deco-style, grand lobby entrance and structured parking with valet. Serving the Westwood community for nearly 53 years with over 1,200 daily visits and recently renovated in 2016, Westwood Medical Plaza is home to over 90 specialists in the field of fertility, dermatology, physical therapy and Lasik eye surgery.

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

anne@monaghanpr.com

 www.boma.org

 www.themullercompany.com.

Avison Young negotiates $13.8-million sale of Wilcox Townhome Apartments in Hollywood, CA

Wilcox Townhome Apartments, 920 North Wilcox Avenue, Hollywood, CA

 

Peter Sherman

Los Angeles, CA – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has brokered the $13.8-million sale of Wilcox Townhome Apartments, a 26-unit apartment property built in 1990. The property is located in Hollywood, one of the country’s most desirable submarkets for multi-family investment.

Avison Young Principal Peter Sherman, based in Los Angeles, represented the seller, Sierra Wilcox LLC. The buyer, Pepper Lane Properties, was represented by Sperry Van Ness.

“The multi-family market in Los Angeles continues to display strength,” comments Sherman. “Well-located 1980s-1990s vintage assets like Wilcox Townhome Apartments, which leverage strong demographics and millennial demand, are highly desirable.

“We received outstanding investor interest which resulted in the $530,000 per unit price. The seller of this property saw this as an ideal time to realize a significant return on investment, and the buyer acquired an irreplaceable property with terrific bones and a path to push rents higher.”

Located at 920 North Wilcox Avenue, the Wilcox Townhome Apartments complex comprises 25 two-bedroom units and one studio unit. The property features a fitness center, outdoor-living spaces, a business center, controlled access and 50 parking spaces.

The asset is located in Hollywood’s Media District, which has been experiencing an influx of art galleries, top restaurants and new office developments over the past several years.

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

Darcie Giacchetto

949.278.6224

HFF closes sale of 4-property self-storage portfolio in Harker Heights TX

Barbara Guffey

HOUSTON, TX –  – Holliday Fenoglio Fowler, L.P. (HFF) announced  it has closed the sale of a four-property, Store Here-branded self storage portfolio totaling 2,162 units in Austin, Denton, Fort Worth and Harker Heights, Texas.

Richard Schontz

HFF marketed the property on behalf of the seller, a joint venture partnership between Woodbridge Capital Partners, LLC and RHW Capital Management Group, LLC.  Westport Properties, Inc. purchased the portfolio.

The portfolio comprises facilities at 201 West Stassney Lane in Austin; 1815 Shady Oaks Drive in Denton; 4772 Golden Triangle Boulevard in Fort Worth and 700 Indian Trail in Harker Heights (Killeen area).

  The portfolio features 420 climate-controlled units, which is 19.4 percent of the total units; three warehouse/commercial spaces and 77 RV/surface parking spaces.  All of the properties are in highly-visible and accessible locations along the Interstate 35 corridor, a major north-south arterial highway that stretches approximately 500 miles within Texas and connects four of the state’s major cities: Austin, Dallas, Fort Worth and San Antonio.

The HFF self storage team representing the development manager was led by director Barbara Guffey, managing director Richard Schontz and associate director Matthew Weckesser.

“The acquisition of the Store Here portfolio provided Westport Properties with the scale and geographic diversification among some of the highest-growth areas in the state,” Guffey said.  “The quality of the facilities are a complement to Westport’s ever-growing national platform.”

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

Kristen M. Murphy

Director, Marketing

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

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

krmurphy@hfflp.com

www.USStorageCenters.com

HFF arranges $32.53 million acquisition financing for Dallas-area retail center

Jim Curtin

HOUSTON, TX –  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $32.53 million in acquisition financing for Rayzor Ranch Marketplace, a 641,000-square-foot, fully-leased retail power center in the Dallas-Fort Worth-area community of Denton, Texas.

HFF worked on behalf of Fidelis Realty Partners, to place the 10-year, fixed-rate loan with Sentinel Asset Management, a national life group company.  Additionally, HFF will service the loan, which is for 251,741 square feet of the center and excludes shadow anchors.

The HFF debt placement team was led by director Jim Curtin.

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

Kristen M. Murphy

Director, Marketing

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

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

krmurphy@hfflp.com

http://www.fidelisrealtypartners.com.

HFF arranges $84 million financing for 5-building Orlando-area office park

Primera Towers I--4, Lake Mary, FL

Ed Coco

ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $84 million in financing for Primera Towers I–V, a five-building office park totaling 772,000 square feet in the Orlando-area community of Lake Mary, Florida.

HFF worked on behalf of a Parmenter Realty Partners investment fund and an institutional equity partner to secure the $84 million loan through JPMorgan Chase Bank, N.A.  Loan proceeds were used to acquire the property. 

   

Primera Towers I–V comprises 605, 610 and 615 Crescent Executive Court and 255 and 300 Primera Boulevard, which are located immediately off of Interstate 4 in the Lake Mary submarket of Orlando. 

This location has excellent highway visibility and access to an amenity base featuring several Fortune 500 Companies, more than 50 restaurants and numerous banks, hotels and retail.  

Additionally, the exclusive golf course communities of Alaqua Lakes, Magnolia Plantation, Heathrow and Timacuan are a short distance from the property.  The 89-percent-leased office park features on-site fitness centers and a café with patio seating at the Primera III building.

The HFF debt placement team representing the borrower was led by senior managing director Ed Coco and senior real estate analyst Matt Casey.

“Primera Towers provides an excellent core-plus investment opportunity,” said Coco.  “The well-occupied office park offers the ideal combination of cash flow stability and the opportunity to capitalize on continued strength in the Lake Mary submarket, while the attractive financing offered by JP Morgan was well-structured and will be instrumental in the overall success of the venture.  We are honored to be a part of this transaction and look forward to doing more business with Parmenter in the future.”

“Consolidating the ownership of the park for first time in its history presents an exciting opportunity to expand the available services and amenities of the park for our current and future tenants,” stated John Davidson, managing principal of Parmenter.

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

Kristen M. Murphy

Director, Marketing

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

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

krmurphy@hfflp.com

CBRE's Philip D. Voorhees and NRIG-West Team Complete Sale of Southgate Plaza in Sacramento, CA

Southgate Plaza, Sacramento, CA

 SACRAMENTO, CA – CBRE Executive Vice President Philip D. Voorhees announced that he, Jimmy Slusher and their National Retail Investment Group – West (NRIG-West) team completed the sale of Southgate Plaza, a 339,369-square-foot grocery-anchored shopping center in Sacramento, Calif., leased to three high-performing grocers, Walmart Neighborhood Market, 99 Ranch Market and 99 Cents Only, along with a complementary mix of co-tenants including, Ross Dress for Less, Skechers, Baskin Robbins, Sally Beauty, Payless Shoe Source, Chase Bank, Farmer & Merchants Bank, Taco Bell, H&R Block and others.

The sale price for the asset, located at Florin and Franklin in Sacramento, was $42.1 million.  

Philip D. Voorhees

 CBRE’s retail investment experts Voorhees, Slusher, Todd Goodman, Megan Wood, Matt Burson, Kirk Brummer, Preston Fetrow and John Read, represented Chicago-based Wrightwood Financial on behalf of one of its managed vehicles.

The buyer, also represented by NRIG-West, was a subsidiary of NewMark Merrill Companies, LLC, a Los Angeles-based, full-service retail investment and management company.

NewMark Merrill Companies had previously been hired by Wrightwood to oversee the re-tenanting and repositioning of Southgate after the asset was taken over by Wrightwood over five years ago.

CBRE’s Sacramento-based Executive Vice President Chris Campbell and his partners First Vice Presidents Scott Carruth and Jason Read were the leasing agents on Southgate Plaza at the time of sale and generated tremendous leasing momentum over their tenure

“Southgate Plaza provided a perfect combination of daily necessity and value-focused anchor tenancy, along with an immediate upside opportunity through the lease-up of currently vacant space. Newmark Merrill excels at managing, merchandising and promoting centers like Southgate Plaza. This was a fantastic transaction for both buyer and seller,” said Voorhees. This was NewMark Merrill’s third acquisition in the Sacramento area.

Megan Wood

According to Slusher, “The property had tremendous leasing momentum despite the existing 27% vacancy at the time of sale. In the past 15 months, 53,000 square feet or 21% of the property has been leased up.”

“We have had a longstanding relationship with Newmark Merrill Companies, having previously provided capital to them, and worked closely with them as the project’s asset manager through the downturn,” said Bruce Cohen, CEO of Wrightwood Financial. “After a comprehensive market effort, ably led by the CBRE team, Newmark Merrill emerged as the logical buyer.”

“Investor demand for retail assets with strong fundamentals and an opportunity to improve NOI continue to attract strong interest from private and institutional investors alike, and an asset like Southgate, which has three daily needs generators, as well as best-of-class soft-goods retailers are especially in demand,” said Voorhees.

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

Anne Monaghan

MONAGHAN COMMUNICATIONS, INC.

anne@MonaghanPR.com

830.997.0963

www.cbre.com/nrigwest

www.cbre.com

KTGY-Designed Mixed-Use Development in Downtown Morgan Hill, CA Receives Approval

The Edes Building, Downtown Morgan Hill, CA

Dan McCranie

LOS ANGELES, CA – International award-winning firm KTGY Architecture + Planning is pleased to announce a new three-story, 10,000-square-foot mixed-use building located in the heart of downtown Morgan Hill, Calif., was unanimously approved by the city’s planning commission.

 The project, to be named The Edes Building, is being developed by local restaurateur Dan McCranie, owner of Morgan Hill’s popular Ladera Grill.

The new mixed-use development designed by KTGY aims to connect fine art, fine dining and fine wine, according to McCranie, who hopes to capitalize on the growth of Morgan Hill as a dining destination for out-of-town visitors.

 McCranie, who will own and operate the businesses in the building, worked with the Morgan Hill Historical Society to ensure the building signage will reflect the heritage of the site, which is located at 17395 Monterey Road. A recreation of a nearly 100-year-old sign will pay homage to the Edes Brothers’ hardware store that once occupied the site around 1910 after the original sign was found at a local Edes family’s residence in town.

Straying from the downtown norm, The Edes Building will feature an upscale art gallery and a café/wine bar on the first floor that will be interconnected to engage and attract people from the street level while promoting local wine makers. A grand staircase will lead to the main art gallery space on the second floor and the third floor will have a five-star restaurant with rooftop lounge.

Manny Gonzalez

“Not only will the restaurant include seating for 120 diners but it will be Morgan Hill’s first rooftop restaurant with a late-night lounge,” stated Manny Gonzalez, FAIA, LEED AP and managing principal with the Los Angeles office of KTGY.

“The traditional brick façade will be modernized with NanaWalls and backlit-perforated steel panels. And the views of the surrounding hills will offer a dining experience unlike no other in Morgan Hill.” Construction is slated to begin in early 2017, and finish by the end of the year.

At the corner of Monterey Street and East 1st Street in Morgan Hill, KTGY is also the project designer for a new four-story, contemporary-style boutique hotel adjacent the Granada Theater. “This is a very exciting time for forward-thinking city of Morgan Hill. We think that Morgan Hill will be the next Sonoma or Healdsburg, and will become a popular food and wine destination. KTGY is excited to play a pivotal role,” added Gonzalez. 

KTGY is an international full-service Architectural Design and Planning firm. With nearly 400 people in 7 offices, working in 28 states and 12 countries.

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

Anne Monaghan

MONAGHAN COMMUNICATIONS, INC.

anne@MonaghanPR.com

830.997.0963

www.ktgy.com, Facebook, Twitter, LinkedIn, Instagram, Vimeo, YouTube

http://www.ktgy.com/ KTGY | An Architectural Design and Planning Firm

www.ktgy.com

Rhodes+Brito Named Architect of Record for Bethune-Cookman University Student Life Center in Daytona Beach, FL

Ruffin Rhodes

ORLANDO, Fla. --- Rhodes+Brito is part of a team that recently won the Bethune-Cookman University’s Student Life Center project, a 110,000 square foot facility located on the campus in Daytona Beach off U.S. 92.  

Ruffin Rhodes, AIA co-founder, said his firm is Architect of record on the project and teamed with HuntonBrady Architects who facilitated the award-winning design of the building.   In this role, Rhodes+Brito will oversee the development of the construction documents and lead the construction administration effort.

Rendering of Planned Bethune-Cookman
University's Student Life Center
in Daytona Beach, FL

Construction is estimated to begin in the fourth quarter of 2017 and should be completed in the first quarter of 2018.

The Student Life Center will be on the lower two levels and the two top floors of the building to be constructed will include student housing and a micro-boutique hotel with a few special rooms for visiting professors.

Rhodes said the Student Life Center is the flagship project of Bethune-Cookman’s overall plan to revitalize the school and create a more student friendly campus. 

Rhodes+Brito, an Orlando firm founded in 1996, currently employs a staff of 20, including eight registered architects. The firm has exceptional experience providing architectural services to a wide variety of agencies throughout the state of Florida, including municipal government agencies, federal, education, aviation and senior living facilities. Rhodes+Brito Architects is the current Orlando AIA 2016 Firm of the Year.

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

Hold-Thyssen Negotiates $3.7 Million Sale of Retail Center on Sand Lake R0ad in Orlando, FL

N. Joelle Forster

Winter Park, FL  -- Hold-Thyssen, Inc., a real estate services firm based in Winter Park, recently completed the $3,725,000 sale of Mid Point Plaza located at 6203 West Sand Lake Rd. in Orlando. 

The 21,816 square foot retail strip center on the northwest corner of W. Sand Lake Rd. and Universal Blvd. was sold by the estate of the developer of the property.  Major tenants at the center include Wildside Clothing, Giordano’s Italian Restaurant and Light Bulbs Unlimited.   The buyer is an Orlando-based private investor. 

Martin Forster

The Hold-Thyssen team of Martin Forster CCIM and N. Joelle Forster listed the property and represented both the buyer and the seller as transactional brokers.

The center, built in 1999, is strategically located in an area that has recently experienced huge growth. “Recent growth and developments on I-Drive plus the acquisition of some 450 acres by Universal Studios to the south of the property bodes well for increased value of the retail center,” said Joelle Forster.

Hold-Thyssen provides commercial property brokerage, 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 the company’s news release, please contact:

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

NAI Realvest Chairman George Livingston Scholarship Established for Real Estate Majors at University of Central Florida in Orlando, FL

George Livingston

ORLANDO, FL--- George Livingston, chairman and founding partner of NAI Realvest, the Orlando-based commercial real estate services firm, was recently honored with a scholarship in his name for qualified students majoring in real estate at University of Central Florida’s College of Business Administration. 

      

During his long career in commercial real estate, and 31 years as a member of the National Association for Industrial and Office Parks (NAIOP), Livingston has been continuously researching, sharing and mentoring along with his everyday involvement in the business of NAI Realvest.

Livingston’s development, brokerage and investment interests garnered him unparalleled expertise across many sectors of industry which keeps him on top and ahead of trends.

  He is currently a member of the NAIOP Research Foundation and Trends Task Force where he and other senior members identify and communicate to the membership trends that will present either challenges or opportunities to their business within 3-5 years.

The past president of the Orlando Chapter of NAIOP is a member of the organization’s National Research Foundation providing educational programs and activities that help developers and others involved in commercial real estate exceed the needs of their local communities.

   He was instrumental in having UCF professors Dr. Randy Anderson and Dr. Joshua Harris named NAIOP Distinguished Scholars so they and UCF can compete for research grants. 

Randy Anderson

He is likewise a member of NAIOP’s Industrial Development Forum 1 because of his continuous involvement in industrial property development, ownership and investment. 

Amid all those business activities, Livingston is on a UCF board that helps start-up technology companies raise capital.

To say the least, Livingston is the man that you want as a reference on your resume.

Although at a time when retirement would be natural – he already retired once as an Army Lieutenant Colonel – Livingston wants to keep giving back in ways few can commit to carrying out for such an extended period.

“I just want to help keep the talent local, create a better future for my hometown where I’ve been successful.”

 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

HFF arranges $29.5 million in construction financing for Long Island, NY active adult development

The Vineyards at Blue Point Condominiums, Phase 2, Blue Point, Long Island, NY

NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $29.5 million in construction financing for Phase II of The Vineyards at Blue Point, an active adult condominium community (age 55+) in Blue Point (Long Island), New York.

Working exclusively on behalf of Ornstein Leyton Company (OLC) and Latus Partners, HFF arranged the construction loan with Bank of the Ozarks.

Evan Pariser

HFF has significant history with the project.  The firm first assisted OLC in arranging the relationship with Latus Partners and securing initial land acquisition financing. 

 HFF then aided the developers in securing construction financing for the development of Phase I of the community, which totals 74 units and includes the clubhouse, model units and the entry gatehouse.  Phase II will comprise an additional 84 units.

The Vineyards at Blue Point is located on a 65-acre site on the south side of Sunrise Highway close to the south shore beaches of Long Island and Great South Bay in Blue Point.  Upon completion, the 280-unit project will encompass 44 buildings with townhomes and single-level flats.

 The units will all be two-bedroom/two-bath with nine-foot ceilings, oversized master bathrooms, in-unit washer/dryers and attached garages.  Community amenities include a heated outdoor swimming pool and bocce court along with the Vineyards Club, which houses a fitness center, numerous social rooms and lounge space.

The HFF team representing the developer was led by senior managing director Evan Pariser.

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

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | hfflp.com

ohennessey@hfflp.com

www.bankozarks.com.