Arbor Announces the Appointment of Frank Lutz as Executive Vice President, Chief Production Officer

 

Frank Lutz

UNIONDALE, NY – Arbor Realty Trust, Inc., 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, is pleased to announce the appointment of Frank Lutz as Executive Vice President, Chief Production Officer.

Mr. Lutz will oversee all of Arbor’s agency lending platforms as it relates to business development and the firm’s expansive national production network and originations team. Additionally, he will serve as the company’s liaison between Arbor’s agency partners as it relates to production.

Mr. Lutz comes to Arbor with more than 25 years of multifamily agency experience. He joins Arbor with a focus on supporting the firm’s rapid growth as a leading multifamily finance franchise.

Ivan Kaufman

“Frank’s tenured experience, deep knowledge of the business and strong agency and industry relationships are certain to further support Arbor’s strategic growth as we continue to rapidly expand both our brand and overall production footprint across the nation,” said Ivan Kaufman, Chairman and CEO of Arbor Realty Trust.

“As a top Fannie Mae DUS® multifamily lender, Arbor’s experience and relationship with Frank stems back many years and we are very pleased to welcome him to the Arbor family.”

Mr. Lutz joins Arbor from Berkadia where he spent the past seven years as Senior Vice President, Fannie Mae Liaison, managing Berkadia’s Fannie Mae and Freddie Mac production relationships and has served as the Chairman of the Fannie Mae DUS® Advisory Council.

 Prior to joining Berkadia, Mr. Lutz was with Fannie Mae where he served as Vice President, Customer Management for the Northeast. Mr. Lutz holds a Bachelor of Science from Pennsylvania State University and an MBA from Villanova University.

For more information, please contact:

 Bonnie Habyan

  Tel: (516) 506-4615

  habyan@arbor.com

Arbor Realty Trust, Inc.                                                                   

333 Earle Ovington Blvd, Suite 900                                               

Uniondale, NY 11553                                                                 

1-800-ARBOR-10

Hold-Thyssen Negotiates $590,000 Sale of Office Condo at Trinity Professional Center in Pasco County, FL

Carol J. Kinnard

Trinity (New Port Richey), FL-- Hold-Thyssen, LLC, a full service commercial property firm based in Winter Park, with offices in Clearwater, negotiated the $590,000.00 sale of a 4,650 square foot office condo in the Trinity Professional Center in Trinity (New Port Richey), Fla.

Carol L. Kinnard, Transaction Specialist in Hold-Thyssen’s Clearwater office, negotiated the sale, which took just 29 days from contract to closing, representing the seller Trinity Medical Holdings, Inc.

The property includes three units at 8820 and 8824 Belagio Drive and 1842 Health Care Drive within the now vacant Building 2 at the center that was formerly occupied by several tenants – a law firm, financial consultants, insurance agencies and medical practitioners – since its construction in 2005.

Todo Gato Holdings, LLC, purchased the units to occupy the entire space.  Buyer was represented by Nancy Phaneuf of Commercial Realty and Development.

Hold-Thyssen based in Winter Park with offices in Clearwater, 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 than 100 commercial properties throughout the United States.

For more information, please contact:

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

The Preiss Company Adds 1,692-bed Student Housing Management Contract To Oversee Major Renovation at Property Serving East Carolina University, Pitt Community College

Donna Preiss

GREENVILLE, N.C./RALEIGH, N.C./CHARLOTTE—Officials of The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, announced it has signed a management contract to oversee operations for a 1,692-bed student housing complex, serving Eastern Carolina University and Pitt Community College in Greenville, N.C. 

Located on 50-plus acres at 3800 Bostic Drive and encompassing 34 buildings, the massive complex features two clubhouses, computer lab, fitness center, theater room, private and group study rooms, three resort-style swimming pools, sand volleyball courts and a full-court gymnasium.

 Previously named Captain Quarters, the complex has been rebranded to Paramount 3800 and will undergo a multi-million renovation, which will be overseen by TPCO.  The real estate asset, the largest student housing property in the market, recently was acquired by a joint venture between FM Capital, in conjunction with Gottlieb Family Partners, and AMAC Holdings. 

“This is our first contract with these experienced joint venture partners, and we look forward to the opportunity to expand that relationship in the future,” said Donna Preiss, founder and CEO, The Preiss Company.  “We have nearly two decades of experience operating 1,000-plus-bed properties in multiple markets and have an extensive history in Greenville representing three other properties there, either open or under construction. 

Paramount 3800 Student Housing
 Greenville, NC

"It’s a great market with a solid growth outlook.  Initial response to the makeover/renovation plans by the property’s current residents, as well as those seeking housing for next fall, has been quite favorable.  "This is a classic turn-around situation, and we anticipate that the renovation and extensive, proprietary operating programs will create high student resident satisfaction and improved financial results.

For more information, please contact:

PATRICK DALY

OFFICE MANAGER

DALY GRAY PUBLIC RELATIONS, INC.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-300-8289

 patrick@dalygray.com | www.dalygray.com

Amy Barger, Vice President of Marketing

The Preiss Company

(919) 532-1114

amy.barger@tpco.com

Stephen Borecki Named General Manager of Fairfield Inn & Suites New Orleans Downtown French Quarter Area

Stephen Borecki

SHELTON, CT— Gerry Chase, president and COO  of New Castle Hotels & Resorts, a leading third-party hotel management company, owner and developer,  announced  Stephen Borecki has been named general manager of the 104-room Fairfield Inn & Suites New Orleans Downtown French Quarter Area. 

Borecki’s career in hospitality included his most recent assignment with JenCare Senior Medical Centers where he doubled the patient census by applying a hotelier’s approach to service to improve the patient experience.

He launched his hotel career at the San Diego Marriott Marquis and Marina before relocating to the New Orleans Marriott and advancing to general manager of the New Orleans Downtown Courtyard, and later, the dual-brand Metairie Courtyard and Residence Inn. 

Gerry Chase

“The Fairfield is a real diamond tucked into downtown New Orleans,” said Borecki.  “It has a great location, a well-trained staff and is truly the nicest select service hotel in town.  I look forward to helping it become more connected with the community and to sharing this little gem with visitors. We have all of the tools we need to grow this hotel and the careers of the people who work here.”

“Stephen’s passion for select service hotels, familiarity with Marriott systems and local market experience made him the ideal person to lead this hotel into the next phase,” said Chase. 

“This Fairfield is unique among its competitors because of its chic, locally-inspired décor, full bar and historic touches. I know that Steve will do a great job of capitalizing on its upscale features to share this little gem with a wider audience.

                “New Castle is known for championing the career growth of its associates, and I believe Steve’s commitment to mentoring others will mesh well with our company’s culture and values and support our growth plans in the south,” Chase added.

                Borecki served two years on the Board of Directors of the Jefferson Convention and Visitors Bureau, completing his tenure as Chairman in 2016.   He earned Marriott’s GM Role Model Award in 2012 and volunteered as a college mentor for seven years. Borecki earned his BAS in Hospitality Administration from Southern New Hampshire University.

For more information, please contact:

Lauralee Dobbins

Write Touch Public Relations

856-979-8929

Lauralee@WriteTouchPR.com

The Keyes Company Announces Two New South Florida Branch Leaders for its Aventura and Pembroke Pines/ Miramar Offices

Bonnie Josefski

MIAMI, FL -- The Keyes Company, the state’s largest residential real estate brokerage, announced two new leadership appointments for its Aventura and Pembroke Pines offices.

Marco Zarfati was appointed District Manager and branch leader of Keyes Aventura and Bonnie Josefski, District Manager and branch leader of the Pembroke Pines/Miramar location.

Zarfati has been with the company for 18 years, 16 of which have been in leadership roles. The longtime past resident of Aventura and currently resident of Sunny Isles Beach is active in the community with Big Brothers Big Sisters of Greater Miami, making a difference in the lives of the kids he mentors.

Marco Zarfati

Simultaneous with this move, Bonnie Josefski was promoted to Branch Leader for the Pembroke Pines/Miramar office. Josefski has been with the company for several years in various roles including sales agent, mentor, field trainer, tech trainer and office administrator. She is also a former general manager with a major retail chain and the current President of the Pembroke Pines/Miramar Rotary Club.

“It’s great to see longtime Keyes team members grow and develop into company leaders,” said Mike Papas, president and CEO of The Keyes Company. “Our company is committed to growth, and these moves will help us to achieve our aggressive goals.” 

Independently-owned and operated since its founding in 1926, Keyes is extremely active in luxury residential real estate. In 2017, Keyes generated more than $6 billion in real estate services across its Family of Companies.

For more information, please contact:

Eric Kalis or Jasmin Curtiss, BoardroomPR

ekalis@boardroompr.com/ jcurtiss@boardroompr.com

954-370-8999

Bull Realty Arranges $4.3 Million Land Sale in Sandy Springs, GA

Daniel Latshaw

ATLANTA, GA (March 2, 2018) —Bull Realty arranged a land sale totaling 5.67 acres in Sandy Springs, GA. The sale of two adjacent parcels closed on February 27, 2018 for a total of $4,250,000. 

Both properties were purchased by developer Edge City Properties, Inc., who has proposed a high-end community of 65 townhomes. The townhomes are pegged to sell in the $600,000 range.

Daniel Latshaw, a Partner at Bull Realty, was chosen to exclusively represent the seller, R Properties, LLC, of approximately 4.87 acres with two older office buildings on the corner of Hannover Park Road and Roswell Road.

 Latshaw was also a transaction agent for the sale of a .796-acre neighboring property. Taylor Smith with Terminus Commercial Real Estate Partners represented the seller, Sun River XX, LLC.

“This is the latest proposed development in what’s looking to be a remarkable transformation of the Roswell Road corridor in northern Sandy Springs,” said Latshaw. 

Melissa Henry

(www.BullRealty.com) is a 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 America’s Commercial Real Estate Show (www.CREshow.com).

For more information, please contact:

Melissa Henry

Communications Manager

Bull Realty, Inc. 

404-876-1640 x 110

BullRealty.com

CREshow.com

ATLCREshow.com

Patrick Keefe joins HFF as a director in its Boston office

Patrick Keefe

BOSTON, MA –– Holliday Fenoglio Fowler, L.P. (HFF) announced Patrick Keefe has joined the firm as a director focused on debt and equity placement transactions in its Boston office. 

Mr. Keefe has more than 10 years of experience in commercial real estate lending and joins HFF from M&T Bank where he was a vice president – relationship manager. 

 Prior to M&T, he held similar roles at First Niagara Bank and TD Bank and was involved in nearly $1 billion of commercial real estate transactions during this time. 

Mr. Keefe began his commercial real estate career as a financial analyst intern at CBRE Global Investors.  He is a program committee member for REFA and is a council member on ULI’s Housing and Economic Development Council. 

Mr. Keefe received his Master of Business Administration degree from the Carroll Graduate School of Management at Boston College and received his undergraduate degree from Northeastern University.

“Patrick has established himself within the Boston commercial real estate community as a well-respected, hard-working, client-centric individual,” said Lauren O’Neil Goff, senior managing director and co-head of HFF’s Boston office.  “His integrity and client-first mentality are a perfect fit with the HFF culture and we are excited to have him as part of the team.”

Prior to M&T, he held similar roles at First Niagara Bank and TD Bank and was involved in nearly $1 billion of commercial real estate transactions during this time. 

Lauren O'Neil Goff

Mr. Keefe began his commercial real estate career as a financial analyst intern at CBRE Global Investors.  He is a program committee member for REFA and is a council member on ULI’s Housing and Economic Development Council. 

Mr. Keefe received his Master of Business Administration degree from the Carroll Graduate School of Management at Boston College and received his undergraduate degree from Northeastern University.

“Patrick has established himself within the Boston commercial real estate community as a well-respected, hard-working, client-centric individual,” said Lauren O’Neil Goff, senior managing director and co-head of HFF’s Boston office.  “His integrity and client-first mentality are a perfect fit with the HFF culture and we are excited to have him as part of the team.”

For more information, please contact:

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
krmurphy@hfflp.com

Adam Mallory rejoins HFF as a director in its Indianapolis office

Adam Mallory

INDIANAPOLIS, IN -– Holliday Fenoglio Fowler, L.P. (HFF) announced Adam Mallory has rejoined the firm as a director focused on debt and equity placement transactions in its Indianapolis office. 

Mr. Mallory worked at HFF from 2015 to 2017 as an associate director before pursuing a career as an attorney at Frost Brown Todd.  During his time with HFF, he was involved with more than $600 million in multi-housing transactions for institutional and private clients. 

David B. Keller

 Before joining HFF in 2015, he worked in the commercial mortgage group at 40|86 Advisors, Inc., while attending Indiana University Robert H. McKinney School of Law.  Mr. Mallory is a member of the Young Professionals of Central Indiana and the American Bar Association Real Estate Group.  He holds a JD from Indiana University and a Bachelor of Arts from Bellarmine University.  

“Adam was a great contributor to HFF’s debt and equity platform during his time here and we are excited to have him back on board,” said David B. Keller, senior managing director and co-head of HFF’s Indianapolis office. 

For more information, please contact:

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
krmurphy@hfflp.com

The Keyes Company Closes All-Bitcoin Townhouse Sale in Miami

 

Broker Manuel Perez and attorney Jonathon Coto Close Bitcoin Townhouse Deal
in Miami, FL

Coral Gables, FL – The Keyes Company has completed the all-Bitcoin sale of a Miami townhouse. This is believed to be the third such transaction to close in Florida as real estate buyers and sellers start to embrace cryptocurrency.

Manuel Perez of Keyes’ Coral Gables-based Elizabeth Perez Team listed the 3180 SW 22nd Terrace townhouse on behalf of the seller. The 1,321-square-foot townhouse is located steps away from Coral Gables. The sale closed for 41.35 Bitcoin, or $338,878, on Feb. 7.

The seller and buyer in the transaction were not disclosed.

“We congratulate the Elizabeth Perez Team for successfully navigating the new world of cryptocurrency in completing this sale,” said Mike Pappas, CEO of The Keyes Company. “At Keyes, we strive to be ahead of the curve when it comes to changes in the industry. We are well-positioned to accommodate buyers and sellers who want to use cryptocurrencies in transactions.”

Yaramis Caminero

Yaramis Caminero represented the buyer in the deal. South Miami attorney Jonathan Coto handled the closing.

The transaction provides further evidence that cryptocurrencies are becoming “mainstream” in the real estate industry and business world, according to Perez. He is also handling a condominium listing at 737 11th Street in Miami Beach in which the owner is willing to accept Bitcoin and Ethereum.

“Real estate sales using Bitcoin or Ethereum are adding legitimacy to the use of cryptocurrencies in the real world,” he said. “Our team is seeing interest from other buyers and sellers in these kinds of transactions. We look forward to continuing to facilitate such deals.”

The Elizabeth Perez Team has 21 years of real estate industry experience. In addition to transactions involving cryptocurrencies, the team represents buyers and sellers of luxury real estate and commercial real estate and handles market entry analysis and site selection for chains and franchises.

Independently-owned and operated since its founding in 1926, Keyes is extremely active in luxury residential real estate. In 2017, Keyes generated more than $6 billion in real estate services across its Family of Companies.

The Keyes Family of Companies is the largest independently-owned real estate firm in Florida and a Top 25-ranked firm in the entire United States.

Elizabeth L. Perez

Born in Cuba, Elizabeth L. Perez has earned the reputation of being one of the most trusted names in Miami real estate. As a dedicated Broker Associate and Assistant District Sales Manager with The Keyes Company in Coral Gables, FL, Ms. Perez specializes in selling properties within the commercial real estate market. Her charming personality, strong work ethic, and direct communication style enable her to build relationships with ease with customers and peers alike.

Fluent in English and Spanish, Ms. Perez travels around the globe to track changes in real estate as well as to work with clients from Europe, China, South America and the Middle East assisting them in finding first-class investments, commercial Properties.

  

She has appeared and/or been quoted in the Wall Street Journal, Haute Living, Miami Today, The Robb Report, Agents Magazine and the Miami Herald. And, because of her in-depth knowledge of real estate trends, Ms. Perez regularly counsels other realtors on shifts in the market.

Ms. Perez began her real estate career in Illinois before moving to Miami over 15 years ago.

 For more information on this transaction, 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

NAI Realvest Negotiates $9.45 Million Purchase of Orlando Multi-Tenant Business Park, Retained to Lease and Manage

Michael Heidrich

ORLANDO, FL--- NAI Realvest recently closed on  the $9.45 million acquisition of Heaven III, multi-tenant business park with 109,344 square feet of flex space located at 6925 Lake Ellenor Drive, at the intersection of W. Lancaster Road in southwest Orlando Central Park. 

 Michael Heidrich, principal at NAI Realvest negotiated the off-market purchase on behalf of the buyer Heaven 3 RE, LLCwhich includes investors Michael and James Kramer of Miami.  Buyers have worked with Heidrich and NAI Realvest to identify target commercial real estate assets and increase their Central Florida holdings.

Catherine Mallory

 The “Heaven” brand was established by Developer/Seller Brett Kingstone CEO of Heaven III, LLC to signify the level of high-tech amenities in the buildings including fiber optics, LED lighting, biometric locks and Internet surveillance.  Seller has developed several similar commercial properties in the Orlando area.

 Heidrich said the new owners whose other Central Florida properties include the Realvest-developed Monroe CommerCenter South in Sanford and Goldenrod and Hanging Moss CommerCenters in Orlando, have retained NAI Realvest to handle leasing and management of Heaven III as well.

 The six-building campus built in 1975 and renovated in 2014-2015 is nearly 100 percent leased.  Major long-term tenants include Chubb Insurance, Bostwick Laboratories and Davita Renal Healthcare. 

 Heidrich and his brokerage team will handle leasing for Heaven III and NAI Realvest Senior Property Manager Catherine Mallory, with more than 20 years of experience, will head up the property management responsibilities for the 8.8-acre property and its office/showroom and flex buildings including three that are fully leased. 

For more information, please contact:

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

Margo Steahly Joins Capital Square 1031 as National Sales Director

Margo Steahly

RICHMOND, Va. (Feb. 27, 2018) – Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust investments, announced today that Margo Steahly, a 20-year veteran of the financial services industry, has joined the firm as National Sales Director.  She will be responsible for national accounts and East Coast sales of 1031 DST programs sponsored by Capital Square 1031.

“Margo is a respected, seasoned financial services professional,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. “We are very pleased to add her to the Capital Square 1031 team.

Louis Rogers

"With more than 20 years of experience ranging from wealth management to sales of DSTs and other private placement products, she is well-positioned to serve the growing number of broker-dealers and financial advisors who sell DST investments.”

Prior to her tenure at Capital Square, Steahly spent approximately five years as director of internal sales for Sandlapper Capital Investments, LLC. Previously, she served as director of tenant-in-common sales at Dallas-based ORIX USA, where she assisted in the development of the company’s scalable business platform.

 The platform aimed to incorporate a web-based due diligence information distribution system; a turn-key application and closing process for investors; and a server secured contact management database.

Steahly regularly participates in panel discussions at industry events, and previously was a member of ADISA’s legislative & regulatory committee, where she assisted with Congressional advocacy.

Steahly graduated from DePaul University in Chicago with a bachelor’s degree in business administration. She holds FINRA Series 7 and Series 66 licenses.

Margo Steahly is a Registered Representative of WealthForge Securities, LLC.  View her profile on FINRA BrokerCheck https://brokercheck.finra.org/.

For more information, please  contact:

Julie Leber      

Spotlight Marketing Communications  

949.427.5172, ext. 703  

julie@spotlightmarcom.com

NAIOP South Florida to Honor Terry Stiles at Awards of Excellence

Terry Stiles

FORT LAUDERDALE, Fla. (Feb. 27, 2018) – During its Awards of Excellence banquet on March 15, NAIOP South Florida will pay tribute to commercial real estate giant Terry Stiles for his unparalleled contributions to South Florida’s business community.

Through more than four decades of leadership, Stiles led the transformation of downtown Fort Lauderdale and helped position Broward County as one of the most desirable locations for business, culture and living.  

In recognition of Stiles’ pivotal work and a lifetime of achievements, the South Florida chapter of NAIOP, a Commercial Real Estate Development Organization, has donated to Nova Southeastern University’s campaign to create the Terry Stiles School of Real Estate Development, a master’s degree program at NSU’s H. Wayne Huizenga College of Business and Entrepreneurship. Funds from this campaign also will allow worthy students to complete their studies by providing scholarships in Terry’s name.

“Look anywhere in Fort Lauderdale and you’ll see the legacy that Terry left behind,” said NAIOP South Florida Executive Director Jules Morgan. “He shaped the very foundation of South Florida as it stands today through iconic developments in all areas of the region.

Jules Morgan

“Terry was and continues to be an inspiration to all those who knew him. He was dedicated to not only creating a thriving region of economic prosperity, but also to supporting industry professionals and organizations such as NAIOP.

“While we have been fortunate enough to recognize Terry in the past for his momentous accomplishments and transformational endeavors, today marks our most important recognition of all - a celebration of the life and legacy of a man who believed anything was possible.”

Stiles was a member of NAIOP South Florida for more than 35 years and served as the chapter’s president from 1982 to 1984 and as national chairman in 1998, leading the executive committee and spearheading development initiatives that benefitted chapters across the country. For his efforts, he was awarded the illustrious NAIOP Lifetime Achievement Award in 2000.

 

Ritz Carlton Hotel, Fort Lauderdale, FL

The 2018 Awards of Excellence ceremony and dinner will take place on Thursday, March 15 from 5:30 to 9 p.m. at The Ritz Carlton, located at 1 N. Fort Lauderdale Beach Blvd. in Fort Lauderdale. 

The Awards of Excellence recognize the individuals and organizations whose achievements have contributed to the local commercial real estate industry, benefitted the regional business environment and facilitated economic growth in South Florida.

Tickets are $195 for NAIOP members and $245 for non-members. Sponsorship opportunities are also available. To register to attend, visit www.naiopsfl.org/events. For more information, visit www.naiopsfl.org, email naiop.info@naiopsfl.org or call 954-990-5116.

NAIOP is a commercial real estate development organization. It provides strong advocacy, education and business networking opportunities and connects its members through a powerful North American network.

For more information, please contact:

Pierson Grant Public Relations 954-776-1999

Lexi Robinson, ext. 255

lrobinson@piersongrant.com