NAI Realvest Negotiates New Lease at Wilshire Plaza in Casselberry, FL

Mary Frances West

  

Casselberry, FL --- NAI Realvest completed a new long-term professional office lease for 1,009 square feet in Wilshire Plaza, 174 Wilshire Blvd. in Casselberry.   

  Mary Frances West, CCIM Vice President at NAI Realvest, brokered the transaction representing Landlord Wilshire Plaza, LLC of Winter Park.   Tenant Function Health and Wellness LLC is a physical therapy practice establishing a second location.  They have another office in Deltona.

For more information, please contact:

Beth Payan or Larry Vershel, Larry Vershel Communications 

407-644-4142 lvershelco@aol.com

 www.NAIRealvest.com.    

HFF announces sale of an 8.33-acre development land parcel in the North Charlotte region

Sarah Godwin

CHARLOTTE, NC, June 12, 2018 – HFF announces the sale of an approximately 8.33-acre land parcel to Max Daetwyler Corporation within The Park – Huntersville (The Park), the premier master-planned business development campus in the North Charlotte and Lake Norman area community of Huntersville, North Carolina.

The HFF team marketed the parcel on behalf of Bank of America, N.A., as Trustee for the Bank of America Pension Plan (Plan), and Max Daetwyler Corporation, a long-time investor and resident of The Park, purchased the asset, which lies adjacent to the existing Daetwyler North America Headquarters facilities and has been acquired to meet the company’s future expansion needs. 

The HFF investment advisory team representing the seller consisted of director Sarah Godwin and senior director Hunter Barron.

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a North Carolina licensed real estate broker.

HFF also arranged the sale of an approximately 10.93-acre land parcel on behalf of the Plan to an undisclosed buyer.  These two transactions represent the sixth and seventh significant land parcel sales brokered by HFF within The Park since spring of 2017 for a total of about 67.53 acres to date. 

Hunter Barron

 Other parcels are currently being marketed, with a few remaining sites available from two to 28 acres in size.

The Park – Huntersville is a mixed-use development of approximately 674 total acres in size with more than 2.6 million square feet of assets currently in place including 1.46 million square feet of office/flex space, 949,000 square feet of industrial, 125,000 square feet of retail, 560 apartment units and an estimated 6,000 daily employees in diverse industries such as healthcare, logistics and distribution, financial services, engineering and racing. 

 Notable employers within The Park – Huntersville include Novant Health, Forbo Siegling, Joe Gibbs Racing, Max Daetwyler Corporation, American Tire Distributors, Stanley Black and Decker, Kellogg and Ensemble Health Partners.  

Located immediately off the Gilead Road exit from Interstate 77, the Charlotte region’s critical north-south connector, The Park – Huntersville provides prompt access to Uptown Charlotte, the UNC-Charlotte/University City area and extraordinary executive housing in the sought-after Lake Norman area.

For more information, please contact:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

Nominations Open for Fourth Annual International Society of Hospitality Consultants' Lori Raleigh Award

Lori Raleigh

Atlanta, GA (June 12, 2018): The International Society of Hospitality Consultants (ISHC) today announced that nominations are being accepted for the fourth annual Lori Raleigh Award for Emerging Excellence in Hospitality Consulting. 

Launched in 2015 in honor of Lori Raleigh, founder of the Travers Group and executive director of ISHC 2000-2013, the award honors young, successful industry professionals with leadership qualities and a perceived bright future in hospitality consulting.

Andrea Belfanti

“The Lori Raleigh Award for Emerging Excellence in Hospitality Consulting provides an opportunity to recognize young professionals, who demonstrate early career success and leadership qualities,” said Andrea Belfanti.

“For any industry to succeed, there must be a constant influx of new perspectives, innovation and talent. ISHC looks to recognize the emerging class of hospitality consultants who are on the path to becoming future industry leaders and joining the exclusive ranks of ISHC membership.”

Candidates for The Lori Raleigh Award must be 35 years of age or younger at the time of the award presentation and meet the criteria for ISHC’s associate membership, including five years’ experience in a hospitality-related field with a minimum of three years of specific hospitality consulting experience. 

Amy Mierzwinski

 Prior award winners are not eligible for nomination, while prior nominees who have not previously won remain eligible.

Winner must be available to attend the annual conference for the award presentation in Miami Beach at the 1 Hotel South Beach,

October 10 – 13, 2018.  Nominations are due by June 30, 2018.  

Last year’s winner was Amy Mierzwinski, director at Horwath HTL, a global leader in hotel, tourism and leisure consulting, where she is responsible for branding, sales and marketing and revenue management consultancy.

Lauren Marshall

 For more information, please contact:

Lauren Marshall, 
Director of Membership and Marketing 
Email: lmarshall@ishc.com  
Phone: 678-735-9453
www.ishc.com.

www.ishc.com/awards or go directly to the nomination form here.

or

  CHRIS DALY

PRESIDENT

DALY GRAY PUBLIC RELATIONS, INC.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-864-5553

chris@dalygray.com | www.dalygray.com

RIVERGATE KW RESIDENTIAL Expands Charlotte, NC Portfolio with Eastover Ridge Apartments

Marcie Williams

 CHARLOTTE, N.C. ––RIVERGATE KW RESIDENTIAL, a leading multifamily property management company, is continuing to expand its portfolio in the company’s home base of Charlotte, N.C. In the latest example, RKW has been hired to oversee the luxury Eastover Ridge Apartments.

The gated 424-unit community is located at 3600 Eastover Ridge Drive in the historic Eastover neighborhood just minutes away from Uptown Charlotte. RKW assumed management of Eastover Ridge on June 1.

Eastover Ridge Apartments, Charlotte, NC

Eastover Ridge offers a mix of one, two and three-bedroom apartments and two-story, three-bedroom townhomes. The community is flush with amenities, including a fitness center, two lighted tennis courts, an indoor basketball court available to residents 24 hours a day, billiards room, two pools with picnic areas and gas grills, a fenced-in, leash-free dog park and 30-acre wildlife preserve.

“We are thrilled to add Eastover Ridge to our growing Charlotte-area portfolio,” said Marcie Williams, president of RIVERGATE KW RESIDENTIAL.  “This is a stunning community that provides residents with an unparalleled experience and convenience. Our team looks forward to applying our People First Philosophy to Eastover Ridge and its residents.”

Last month, RKW was recognized in the Charlotte Business Journal’s annual list of the largest property management companies in the area for the first time in the company’s four-year history.

  

For more information, please contact:

Eric Kalis

Account Director,

BoardroomPR

ekalis@boardroompr.com

O 954-370-8999

C 305-794-5123

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

www.rkwresidential.com.

Arbor Funds $21.7 Million Fannie Mae DUS® Loan in East Point, GA

Ryan Duff

UNIONDALE, NY (June 11, 2018) – Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets, recently funded a Fannie Mae DUS Small Loan in East Point, GA.

Parkside at Camp Creek Apartments, a 486-unit multifamily property, received $21,700,000 for refinancing. The deal was structured with a 7-6 ARM product on a 30-year amortization schedule.

Parkside at Camp Creek Apartments
 East Point, GA

Ryan Duff of Arbor’s New York City office originated the loan. “Arbor was able to support our repeat client through a strategic product line,” Duff said. “We secured great long-term refinancing terms for our Sponsor, after property improvements were made and cash flow increased during the original loan’s 12-month lockout period.”

Built in 1970, Parkside at Camp Creek Apartments is conveniently located just southwest of Atlanta’s central business district. This beautifully landscaped community offers 2-3 bedroom floor plans in both garden and townhome style layouts. Amenities include a clubhouse, laundry facility, fitness center, two swimming pools, playgrounds and a basketball court.

For more information, please contact:

Bina Handa

Tel: 516.506.4229

bhanda@arbor.com

Aventura ParkSquare Strengthens Sales Team with Mixed-Use Property Specialists

Rendering of Planned Aventura ParkSquare, Aventura, FL

Michael Sadov

AVENTURA, FL (June 11, 2018)- Aventura ParkSquare, (APS) Aventura’s only live, work, play real estate development has tapped The Real Estate Club’s Michael Sadov as Director of Sales.  APS is strengthening its sales team to accommodate the development’s fast growth.

Sadov brings more than 15 years of experience selling and marketing high-end developments.  He was Director of Sales at PARAMOUNT Miami Worldcenter, Terrazas Miami and Canyon Ranch Living Miami Beach.

Veteran multi-use specialists Liza Hernandez, Christopher Lima and Nir Perets are also joining the APS team.

 Most recently, Hernandez was the Director of Sales at Bijou Bay Harbor and Senior Sales Executive for PARAMOUNT Miami Worldcenter.

Lima brings 10 years of experience working with Fortune Development Sales.

Liza Hernandez

 Perets was Sales Director of Midtown Miami during its preconstruction phase and has 16 plus years of experience in residential real estate, pre-construction and development sales.

The team brings a vast knowledge of mixed-use sales and lifestyle property expertise.

Christopher Tito Lima

 “Now is the time to have all hands on deck,” said Victor Ballestas, principal of Integra Investments. The APS developer. “Our vision of having a city within a city is coming to life and, with the help of our expanded sales team, we will deliver this unique, special project.”

The nearly 7.5-acre development will have 131 boutique residences, 50,000 square feet of retail space, which feature a variety of restaurants and health and wellness tenants, 100,000 square feet of Class A office space, a 40,000 square-foot wellness and medical center and a Starwood Aloft Hotel.

The office space is already 100 percent sold out and more than 70 percent of the luxury residences are under contract. It is located at 2920 NE 207^th Street in Aventura.

Nir Perets

“After living in Aventura for the past 14 years, I am excited to see a project like this going up in my backyard,” Sadov said. “This is the only project of its kind in Aventura and is bound to bring new life to our great city.”

They are currently offering a competitive broker liaison program, where brokers can earn commission for referrals.

For more information about the residences and other aspects of Aventura ParkSquare, contact Michael Sadov at 786-285-5594.

.

For more information, visit the sales center at 2920 NE 207 St., Suite 106 Aventura, 33180, call 305-330-4003 or email info@aventuraparksquare.

 For more information, please contact:

Lauren Berger

Account Director, BoardroomPR

lberger@boardroompr.com

O 954-370-8999

C 954-551-0757

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

Pendulum Property Partners Establishes San Diego, CA Presence

Kevin Hayes

Irvine, CA (June 11, 2017) – Pendulum Property Partners (Pendulum), a fully integrated commercial real estate firm based in Southern California, recently acquired StoneCrest, a Class-A office campus centrally located in San Diego County. 

 StoneCrest totals 327,204 square feet and consists of four institutional quality office buildings that range from three to six stories in the Kearny Mesa submarket.

According to Kevin Hayes, Founding Partner at Pendulum, “StoneCrest marks our first San Diego acquisition and is part of our 2018 strategy to expand our presence into the region.

 StoneCrest is among the highest quality assets in Kearny Mesa, which has the lowest overall office vacancy rate in the county and is poised for significant long-term growth. We plan to make improvements to the property that will enhance the experience for our customers.”



Pedulum purchased the property, in an off-market transaction, for $100.3 million and plans to make cosmetic upgrades including: improvements to the hardscape, adding comfortable seating to the courtyard, updating lobbies, restrooms and common areas, modernizing the fitness center, and improving the on-site food offerings with upgrades to the existing deli and the addition of local food trucks to offer more variety.

 The property is currently 92.7% occupied, providing secure in-place cash flow, by a recognized mix of local and national tenants including Blue Cross Blue Shield, Mercury Insurance, Vitas Healthcare, and ACE Insurance.

StoneCrest is Pendulum’s fifth Southern California-based acquisition in the past 18 months, proving the company’s commitment to this region. 

 Pendulum’s other acquisitions total more than $250 million and include:

Jamboree Business Center in February 2017, a 156,000 square foot office building in Irvine; Peter’s Landing in September 2017, a 94,000 square foot marina-front office and retail project in Huntington Beach; Brickyard in September 2017, a 12 acre site in Ontario entitled for an entertainment/retail district; and Stadium Crossings in December 2017, a 165,000 square foot campus in Anaheim.

For more information, please contact:

Stacey Kaszton Jones

stacey@lavozmarketing.com

Direct - (213) 925-8177

717 LIDO PARK DRIVE, SUITE D | NEWPORT BEACH, CALIFORNIA 92663

LAVOZMARKETING.COM | FACEBOOK.COM/LAVOZMARKETING | @LAVOZMARKETING

 PendulumPP.com 

JLL adds tax expert Lou Newman to Valuation and Advisory Services team in Phoenix, AZ

Lou Newman

PHOENIX, AZ, June 11, 2018 – JLL announced today that they have added Lou Newman to their Valuation and Advisory Services Team as Senior Vice President. He will be based in the firm’s Phoenix office and is a nationally recognized expert in the field of property tax.

Newman will provide JLL’s clients with full service property tax consulting including due diligence, tax liability forecasting, proactive engagement with taxing authorities, administrative challenges, litigation, compliance, and guidance on exemptions, parcel reconfiguration, proposed construction, and transactions. 

Michael Welch

“Lou is considered an important voice in the industry and his deep knowledge of tax issues and diverse experience will provide our clients with a greater understanding of the perspective of all stakeholders in the complex property tax process,” said Michael Welch, JLL’s head of Valuation and Advisory Services in the U.S. 

Before joining JLL, Newman was a Senior Tax Manager for a leading retailer where he represented the company throughout the United States, led regional practices, managed tax policy related to legislation, and chaired training for the company’s Global Tax Controversy Center for Expertise. 

Prior to that, Newman was a national practice consultant. He also has leadership experience in the public sector. As the Supervising Appraiser in the Major Properties Division of the Office of the Maricopa County Assessor in Phoenix, Newman led the team in the management of administrative challenges and litigation. 

Newman is a member of the International Association of Assessing Officers (IAAO). He has served on the organization’s Board of Directors, and twice received the Harry Galkin Award for private sector service. He is a member of the Institute for Professionals in Taxation (IPT), and has spoken at the organization’s Annual Conference and Property Tax Symposium. He also serves as an advisor to the International Property Tax Institute (IPTI). 

For more information, please contact:

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com