Arbor Announces the Appointment of David Burt in California Office

                          

David Burt

UNIONDALE, NY – Arbor Realty Trust, Inc.(NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, single-family rental (SFR) portfolios, seniors housing, healthcare, and other diverse commercial real estate assets, is pleased to announce David Burt has joined Arbor as Vice President, Originations. 

Mr. Burt will be responsible for originating Fannie Mae, Freddie Mac, FHA, SFR, CMBS, Bridge, Mezzanine, and Preferred Equity loan transactions nationwide. He is based out of Arbor’s Redondo Beach, CA, office and reports directly to Frank Lutz, Executive Vice President and Chief Production Officer.

“With his 25-years of experience in delivering client-focused financing across all agency platforms, David is a welcome addition to the Arbor team. We look forward to his contributions in supporting Arbor’s growth strategy as we expand our diverse product offerings to our growing client base across the country,” Mr. Lutz said.

Frank Lutz

Mr. Burt has been supporting commercial real estate lending organizations with their funding goals for more than two decades. 

In his most recent position, he assisted with launching the Freddie Mac Small Balance Loan (SBL) platform, in addition to marketing Freddie Mac, Fannie Mae, and other portfolio products to commercial mortgage communities in the Western U.S. 

His prior experience also includes creating brand awareness, originating loans for multifamily and other property types, and implementing Fannie Mae Small Loans and Freddie Mac SBL programs. 

Mr. Burt holds a Bachelor of Science in Business Marketing from Arizona State University.

Contact:

 Bina Handa

Tel: 516.506.4229

bhanda@arbor.com

VOS Hospitality and the B Group announce Greystone Miami Beach to open its doors January 2020

 Rendering of Greystone Miami Beach Hotel,  a product of combining the historic 1920 Collins Avenue corner property with the adjacent building. The hotel is set to open this coming January.

MIAMI BEACH, FL – VOS Hospitality, owner, developer, and manager of boutique lifestyle hotels led by James Vosotas, along with its private investment company partner The B Group led by Branden Muhl are pleased to announce the opening of Greystone Miami Beach this January. 

James Vosotas

 A historic 1930’s boutique hotel, Greystone Miami Beach has undergone a complete revitalization to become a truly unique experience on the beach.  The property’s blend of style juxtaposes beachy boho-chic vibes with city glam influences while bringing back to life its iconic Art Deco façade.

Branden Muhl 

 The newly developed hotel is a product of combining the historic 1920 Collins Avenue corner property with the adjacent building and is set to open this coming January.

Designed by architectural firm, Shulman + Associates, the hotel boasts a total of 91 guest rooms from boutique style historic accommodations to suites with a private deck and hot tub. 

 Chef Pawan Pinisetti

The 54,000 square-foot, adult only hotel is eco-conscious as well as pet friendly.  

"We’ve developed the Greystone to give our guests uniquely personalized attention while offering compelling concepts that create depth to the overall experience,” said James Vosotas, CEO of VOS Hospitality.  

“The property was purposefully designed with Miami’s local artistic community in mind and has at least one venue activated almost 24 hours a day whether it be at the rooftop pool during the day, dinner at our restaurant or late night in the basement lounge.”

 Sebastian Dumonet

"We’ve positioned ourselves organically to align with the growing global trend of travelers seeking adult only accommodations.

"The decision was an outgrowth of our brand DNA as an escape from the routine with chic boutique rooms alongside creative culinary, energetic nightlife, and a dynamic pool scene in a city that caters to the adult entertainment seeker.  

Greystone Miami Beach hotel interior

"We’re an ideal fit for the discerning and millennial minded looking to get away, have fun, or just relax in a purposefully designed and programmed environment."

The property features a wide range of distinct culinary venues helmed by celebrated Chef Pawan Pinisetti and swanky late night venues with inventive mixology F&B concepts led by Forbes Top 30 under 30 F&B rising star Sebastian Dumonet.

Greystone Miami Beach hotel poolside

Sérêvène, the property’s signature restaurant, showcases the best of French Mediterranean and Japanese cuisine styles.  

UISCE at Sérêvène (an old Celtic word for whisky, meaning “water of life”), is a sexy venue that will position itself as more than just a lounge, curating craft cocktails in light of a growing appreciation for the trade.

Greystone Miami Beach hotel bedroom

KOBO will serve fast-casual gourmet offerings, tucked away in an upscale, verdant courtyard. 

Golden Gator is a discreet underground champagne lounge neatly tucked beneath the Greystone. 

The Rooftop at Greystone is the place to see and be seen. Designed for hotel guests as well as the local insider and influencer community, the pool’s rare allowance of non-hotel guest patronage enables the property the opportunity to create a strong connection with Miami’s finest.

A KOBO lounge offering

Centrally located, Greystone Miami Beach is walking distance to the Miami Beach Convention center, upscale shopping on Lincoln Road, beaches, dining, and nightlife venues.  

The property will welcome locals and world travelers as it recreates the essence of Miami's Golden Era.  Greystone Miami Beach is conveniently located only 13 miles from Miami International Airport and 19 miles from Fort Lauderdale-Hollywood International Airport.  

Valet parking is also available upon arrival.  Starting room rates in low season begin at $219 per night and $379 per night during high season (based on availability at time of booking).

For more information, please visit www.greystonemiamibeach.com or contact TARA, Ink. at greystone@taraink.com. 

	CONTACT:
	Carrie Kerner Director – Hospitality & Lifestyle Division Phone: 305.206.0393 Address: 1666 Kennedy Causeway, Suite 703, Miami Beach, FL 33141 Web: www.taraink.com www.voshospitality.com.

NAI Realvest Closes New Leases Totaling 20,788 Square Feet for Three Businesses Expanding, Providing Jobs at Airport Commerce Center in Orlando, FL

Matt Cichocki

ORLANDO, FL -- NAI Realvest completed three new leases for expanding businesses at Airport Commerce Center at 8119–8123 S. Orange Ave. off SR 528 and Sand Lake Rd.  

Matt Cichocki and Kevin O’Connor, principals at NAI Realvest who lease and manage the industrial center negotiated all three transactions representing Landlord Orange Avenue Properties, LLC an affiliate of Ohio-based MAS Investment Group.

NEFCO Construction Supply, LLC based in East Hartford , CT , leased 8,533 square feet.  NEFCO has multiple locations in the U.S. and is slated to start new Orlando operations by year end with an initial staff of five. 

Seattle-based Devir Americas, LLC, a board and card game distributor with locations worldwide, leased 8,533 square feet to relocate its South Florida location and will initially employ 10.   Taylor Zambito of Cushman & Wakefield represented Devir.

Kevin O’Connor

Speedzone Performance, LLC of Kissimmee is a performance auto and four-wheel drive accessories business that opened a second location with three workers in a 3,722 square foot unit at the Airport Commerce Center . 

Airport Commerce Center is currently 70 percent occupied.

About NAI Realvest 

NAI Realvest, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide.

Taylor Zambito

 NAI Global is an international commercial real estate network with over 400 offices spanning the globe.  

Since 1978, clients have built businesses on the power of NAI Global’s expanding network. 

Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services.

CONTACTS:

 Matt Cichocki or Kevin O’Connor, Principals, NAI Realvest, 

407-875-9989 
mcichocki@realvest.com or koconnor@realvest.com

Patrick Mahoney, President / CEO, NAI Realvest, 

407-875-9989 
pmahoney@realvest.com

Beth Payan, Larry Vershel Communications 

407-644-4142 or 407-461-3781 
beth@larryvershel.com

www.NAIRealvest.com

Plaza Advisors Announces Sale of Southtown Center, an Iconic South Tampa, FL Retail Site

Southtown Center, Tampa, FL

 Jim Michalak

TAMPA, FL -- Plaza Advisors is pleased to announce the sale of Southtown Center, located at the intersection of S. Dale Mabry and W. Neptune in the prestigious South Tampa trade area.

The plaza is sandwiched between one of central Florida’s highest sales volume Publix stores and an extremely successful freestanding Sprouts Farmers Market grocery store.

 Southtown Center serves a highly educated, affluent trade area that includes nearly 102,000 residents with an average annual household income of $146,000 residing in housing units with median values exceeding $380,000.

 The total GLA of Southtown Plaza is 43,669 square feet. The property was 100% occupied and features numerous nationally acclaimed tenants including: Moe’s Southwest Grill, Tropical Smoothie, Cold Stone Creamery, Weight Watchers, Massage Envy, Pure Barre, European Wax Center, Burger Monger, Davita and Century 21.

Keith Nurre

 The seller was an Australian based Core Fund, advised by CenterSquare Investment Management. The buyer was a NYSE Real Estate Investment Trust.

 Jim Michalak and Keith Nurre of Plaza Advisors represented the seller and were the sole brokers involved in the transaction.

 CONTACT:

 Jim Michalak

Managing Partner

Plaza Advisors

www.plazadvisors.com

3412 Bay To Bay Boulevard

Tampa, FL 33629

813.837.1300 Ext. 1

Fax 831.2627

jim.michalak@plazadvisors.com

Hold-Thyssen Brokers New Lease for Promising State Farm Agency at West Bay Professional Park in Tampa, FL

Theresa Margaris

TAMPA , FL --- Hold-Thyssen, Inc., a commercial property firm based in Winter Park , with offices in Clearwater , recently completed a new lease agreement for 1,290 square feet of professional office space at 6911 Pistol Range Rd. at West Bay Professional Park in Tampa .    

 Theresa Margaris, Transaction Specialist in Hold-Thyssen’s Clearwater office, negotiated the transaction representing the tenant, Mark Forgas Insurance Agency, Inc. d/b/a Mark Forgas State Farm.   

West Bay Professional Park, Tampa, FL

Margaris said the new tenant is a State Farm candidate who recently relocated from Springfield , IL , and acquired a sizeable book of business from a retiring seasoned agent.  

 “The location was strategically chosen to service existing insureds as well as cultivate new ones,” she said.    

Hold-Thyssen, Inc. provides commercial property brokerage and 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 .

CONTACTS:

Richard J. Fisher, Vice President/Investor Services, Hold-Thyssen, Inc. 

727-238-2876; Rfisher@HoldThyssen.com

Robert P. Hold, Principal, Hold-Thyssen, Inc. 

407-691-0505, bhold@HoldThyssen.com

Beth Payan, Larry Vershel Communications Inc. 

407-644-4142 or 407-461-3781 Beth@larryvershel.com

BLT Enterprises Sells Fully Entitled Apartment Site in West Los Angeles for $13.75 Million

Rendering of planned apartments in West Los Angeles, CA

LOS ANGELES, CA  – BLT Enterprises, a multi-faceted real estate investment company based in Santa Monica, California, has sold a former gas station and parking lot at 11261 Santa Monica Boulevard in Los Angeles, CA for $13.75 million.

Bernard Huberman

BLT, with the help of their architects at KFA, land use counsel Dale Goldsmith and other consultants, obtained entitlements through the City of Los Angeles’ Transit Oriented Communities ordinance for  a six-story, 119-unit apartment building. 

The buyer, Wiseman Residential, identified this property and the entitled plans as a perfect fit for their portfolio, and as a result, completed its due diligence and closed on the property in record time.

“In line with our ongoing strategy to identify the highest and best use for each of our properties, we recognized that this asset was best suited for multifamily redevelopment,” says Bernard Huberman, Founder and President of BLT Enterprises.

 “Based on our expertise, we completed the entitlement process and decided to sell to a prominent multifamily developer, while reinvesting in properties that more closely reflect our core focus in creative office and industrial spaces.”  

Dale Goldsmith

The sale to Wiseman was one of the smoothest transactions BLT has ever been involved in, according to Huberman.

BLT originally acquired the asset, ideally situated at the intersection of Santa Monica Boulevard (State Route 2) and the southbound off-ramp of the 405 Freeway  and within walking distance of the thriving Sawtelle Japan corridor, in 2007 for $6.3 million.

 In 2017, BLT began the process of entitling the property for redevelopment into a multifamily community through the City’s Transit Oriented Communities ordinance. The entitlements were  completed in 2019.

Contacts:

Lisa James / Jenn Quader

Brower Group

(949) 438-6262 
ljames@brower-group.com