MAITLAND, Fla. – NAI Realvest recently negotiated a new three-year lease agreement for 27,404 square feet at Suite D, 5051 L.B.McLeod Rd. in Orlando.
Robert Blackwell, SIOR, a principal at NAI Realvest, negotiated the transaction representing the tenant, Univar USA, Inc. a Seattle based chemical distributor.
McLeod Properties, Inc., is the Orlando-based landlord represented by Doug Clerget of Kidder Mathews.
About NAI Realvest:
NAI Realvest serving 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. NAI Global is an international commercial real estate network with over 350 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. To learn more, visit www.NAIRealvest.com.
Friday, December 16, 2011
Newmark Knight Frank's Southeast Capital Group Negotiates $14.6 Million Sale of Centennial Village - Phase II in Roswell
ATLANTA, Ga. --- Whitney Knoll, Fred Victor and Mark Hillis of Newmark Knight Frank’s Southeast Capital Group brokered the $14.6 million sale of Centennial Village- Phase II (CV-II), located at 2342 Holcomb Bridge Rd. in Roswell.
Rothenberg Rosenfield, Ltd. acquired the retail center from M&J/Centennial, LLC, said Knoll, a principal who heads the Southeast Capital Markets Group at Newmark Knight Frank.
Knoll, Victor and Hillis represented M&J Wilkow in the transaction.
The 99 percent leased, 117,392 square foot neighborhood retail center is anchored by Kohl’s and Petco.
“The Purchaser was a natural fit for the acquisition of CV-II since they own the first phase of the development,” Knoll said.
“Combining the first and second phase of Centennial Village creates significantly higher long-term investment returns for ownership,” Knoll said.
The transaction involved a CMBS loan assumption of $11.2 million.
“The extensive CMBS loan assumption process presented the only obstacle throughout the transaction,” said Victor.
Rothenberg Rosenfield, Ltd. acquired the retail center from M&J/Centennial, LLC, said Knoll, a principal who heads the Southeast Capital Markets Group at Newmark Knight Frank.
Knoll, Victor and Hillis represented M&J Wilkow in the transaction.
The 99 percent leased, 117,392 square foot neighborhood retail center is anchored by Kohl’s and Petco.
“The Purchaser was a natural fit for the acquisition of CV-II since they own the first phase of the development,” Knoll said.
“Combining the first and second phase of Centennial Village creates significantly higher long-term investment returns for ownership,” Knoll said.
The transaction involved a CMBS loan assumption of $11.2 million.
“The extensive CMBS loan assumption process presented the only obstacle throughout the transaction,” said Victor.
Stirling Sotheby’s International Realty Associate’s determined attitude saves family with wheelchair-bound twins
ORLANDO, Fla. --- When Stirling Sotheby’s International Realty’s Associate Naresh Mistry first visited his new clients, all he heard was “no”.
That’s what other real estate professionals had been telling the clients for months.
They had a special need. Thankfully in Mistry, they found a special agent.
“Their circumstances were definitely unique,” Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said.
Like many central Floridians, the clients owned their home, but they were upside down in their mortgage terms, owing more than the house was worth, Soderstrom said
“They were struggling, but they were making their payments in time,” Soderstrom added.
The clients have a special medical need — twin children who are confined to wheelchairs. As their mortgage payments grew increasingly more difficult.
“They could see the handwriting on the wall,” Soderstrom and Mistry said. “They knew they couldn’t keep up their payments and their medical bills forever,” Mistry explained.
The best solution was clearly a short sale, Soderstrom said.
“Short sales are typically accommodated when a buyer falls behind in their mortgage payments,” Mistry said.
“The client didn’t see it that way. Falling behind meant ruining their credit — credit was especially important to them given their children’s medical needs.
“Their unique and immediate medical needs actually qualified them for a short sale,” Mistry said. “All we had to do was to find someone to do the financing,” Soderstrom explained.
Stirling Sotheby’s International Realty strategic partner Integrity Home Loans joined in the search.
Soderstrom said Mistry is a one-of-a-kind agent.
“Naresh Mistry’s diligence on behalf of his clients is a story that needs to be told,” he said.
At Mistry’s urging, Integrity Home Loans researched the entire finance industry before finding a suitable lender.
We found a lender who would agree to participate,” Soderstrom said.
“To our knowledge, this was the first time a short sale had been attempted on the basis of medical necessity when the homeowner was current on their payments, he said.
Finally, the short sale was approved, the client was able to get out from under an oppressive mortgage and into a smaller, smarter home they could afford.
“Their struggle isn’t over,” Soderstrom said. “They have tremendous sacrifices ahead of them to care for their children. But they are highly motivated and determined to beat this, and they deserve to win,” he added.
“Naresh Mistry defines what real service is all about,” Soderstrom said. “He is the epitome of the innovative real estate professional who isn’t going to settle for the common wisdom. He makes his own,” Soderstrom said.
About Stirling Sotheby’s International Realty:
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
That’s what other real estate professionals had been telling the clients for months.
They had a special need. Thankfully in Mistry, they found a special agent.
“Their circumstances were definitely unique,” Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said.
Like many central Floridians, the clients owned their home, but they were upside down in their mortgage terms, owing more than the house was worth, Soderstrom said
“They were struggling, but they were making their payments in time,” Soderstrom added.
The clients have a special medical need — twin children who are confined to wheelchairs. As their mortgage payments grew increasingly more difficult.
“They could see the handwriting on the wall,” Soderstrom and Mistry said. “They knew they couldn’t keep up their payments and their medical bills forever,” Mistry explained.
The best solution was clearly a short sale, Soderstrom said.
“Short sales are typically accommodated when a buyer falls behind in their mortgage payments,” Mistry said.
“The client didn’t see it that way. Falling behind meant ruining their credit — credit was especially important to them given their children’s medical needs.
“Their unique and immediate medical needs actually qualified them for a short sale,” Mistry said. “All we had to do was to find someone to do the financing,” Soderstrom explained.
Stirling Sotheby’s International Realty strategic partner Integrity Home Loans joined in the search.
Soderstrom said Mistry is a one-of-a-kind agent.
“Naresh Mistry’s diligence on behalf of his clients is a story that needs to be told,” he said.
At Mistry’s urging, Integrity Home Loans researched the entire finance industry before finding a suitable lender.
We found a lender who would agree to participate,” Soderstrom said.
“To our knowledge, this was the first time a short sale had been attempted on the basis of medical necessity when the homeowner was current on their payments, he said.
Finally, the short sale was approved, the client was able to get out from under an oppressive mortgage and into a smaller, smarter home they could afford.
“Their struggle isn’t over,” Soderstrom said. “They have tremendous sacrifices ahead of them to care for their children. But they are highly motivated and determined to beat this, and they deserve to win,” he added.
“Naresh Mistry defines what real service is all about,” Soderstrom said. “He is the epitome of the innovative real estate professional who isn’t going to settle for the common wisdom. He makes his own,” Soderstrom said.
About Stirling Sotheby’s International Realty:
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Co-founder of Orlando-based Educational Technology Company is featured in new book “CIO’s at Work”
ORLANDO, Fla, --- Dr. Mark Mooney, co-founder of MyEduLife, a local educational technology company, is featured in the new book “CIO’s at Work” by Ed Yourdon.
Yourdon, an internationally recognized computer consultant, interviewed Dr. Mooney as one of the world’s most influential chief information officers.
“CIO’s at Work” is available at most book stores and at Amazon.com.
Dr. Mooney co-founded MyEduLife to provide data governance for educational institutions.
Dr. Mooney’s profile in “CIO’s at Work” details how MyEduLife creates partnerships between technology professionals, college and university business unit leaders and external customers, suppliers and business partners to address data governance problems arising from the emergence of new technology within the college and university environment.
Dr. Mooney also shares his personal insights into the changing role of technology in business, such as his decisions and futuristic approaches to new data sources with the increased use of mobile devices.
“New technology is reshaping the delivery of educational services in the industrialized world and creating tremendous opportunities for educators and students,” Dr. Mooney said.
“The widespread use of mobile devices and new applications promises the potential to provide higher education to greater numbers of students in a more cost-effective mode than the traditional university campus, classroom and lecture halls,” Dr. Mooney said.
Dr. Mooney also said his company recently partnered with Baruch College on an overall data governance initiative.
MyEduLife.com is a client company of the University of Central Florida’s Business Incubation Program located in the Central Florida Research Park near the UCF campus in east Orange County.
About the UCF Business Incubation Program:
Since its founding in 1999, the UCF Business Incubation Program has helped more than 200 emerging companies (including more than 100 current clients) create over $200 million in annual total economic output and more than 1,600 new jobs with an average salary of $59,000. With nine facilities across the Greater Orlando community, the Business Incubation Program is a collaboration in economic development between the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Winter Springs, The City of Sanford, Lake County, the City of Leesburg, Osceola County, the City of Kissimmee, City of St. Cloud, Volusia County and the Florida High Tech Corridor Council. Please visit www.incubator.ucf.edu and UCFBIP on Facebook.
Yourdon, an internationally recognized computer consultant, interviewed Dr. Mooney as one of the world’s most influential chief information officers.
“CIO’s at Work” is available at most book stores and at Amazon.com.
Dr. Mooney co-founded MyEduLife to provide data governance for educational institutions.
Dr. Mooney’s profile in “CIO’s at Work” details how MyEduLife creates partnerships between technology professionals, college and university business unit leaders and external customers, suppliers and business partners to address data governance problems arising from the emergence of new technology within the college and university environment.
Dr. Mooney also shares his personal insights into the changing role of technology in business, such as his decisions and futuristic approaches to new data sources with the increased use of mobile devices.
“New technology is reshaping the delivery of educational services in the industrialized world and creating tremendous opportunities for educators and students,” Dr. Mooney said.
“The widespread use of mobile devices and new applications promises the potential to provide higher education to greater numbers of students in a more cost-effective mode than the traditional university campus, classroom and lecture halls,” Dr. Mooney said.
Dr. Mooney also said his company recently partnered with Baruch College on an overall data governance initiative.
MyEduLife.com is a client company of the University of Central Florida’s Business Incubation Program located in the Central Florida Research Park near the UCF campus in east Orange County.
About the UCF Business Incubation Program:
Since its founding in 1999, the UCF Business Incubation Program has helped more than 200 emerging companies (including more than 100 current clients) create over $200 million in annual total economic output and more than 1,600 new jobs with an average salary of $59,000. With nine facilities across the Greater Orlando community, the Business Incubation Program is a collaboration in economic development between the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Winter Springs, The City of Sanford, Lake County, the City of Leesburg, Osceola County, the City of Kissimmee, City of St. Cloud, Volusia County and the Florida High Tech Corridor Council. Please visit www.incubator.ucf.edu and UCFBIP on Facebook.
Golden Bear Club, Keene’s Pointe Ladies Golf Assn. in Windermere raises more than $24,000 for Cancer Research
WINDERMERE Fla. --- The Golden Bear Club at Keene’s Point in Windermere and the Keene’s Pointe Ladies Golf Assn. recently hosted a second annual golf tournament and raised more than $24,000 for T.I.M.E.
Carlos Puerto, general manager at The Golden Bear Club, said T.I.M.E. supports cancer research, education and awareness efforts.
Puerto said 120 golfers participated in the tournament.
“We were delighted to host the second annual T.I.M.E. tournament and we had a great day on the course,” Puerto said.
Golden Bear is part of the Celebration Golf Management team headed by president Gene Garrote.
Carlos Puerto, general manager at The Golden Bear Club, said T.I.M.E. supports cancer research, education and awareness efforts.
Puerto said 120 golfers participated in the tournament.
“We were delighted to host the second annual T.I.M.E. tournament and we had a great day on the course,” Puerto said.
Golden Bear is part of the Celebration Golf Management team headed by president Gene Garrote.
Meritage Homes promotes three, including Kittle to VP of Sales
ORLANDO, Fla. --- Meritage Homes has promoted Brian Kittle to vice president of sales for the Orlando division.
Kittle has been with Meritage for three years director of sales, and has more than 13 years of sales and executive experience.
Other promotions include:
Tatiana Souza to area sales manager. A graduate of the University of Central Florida, Souza was formerly a sales associate and has been with Meritage for more than three years.
Rob Beal is now area construction manager. He has 11 years of experience and attended Florida Atlantic University. Prior to his promotion he was a construction manager at Meritage.
Kittle has been with Meritage for three years director of sales, and has more than 13 years of sales and executive experience.
Other promotions include:
Tatiana Souza to area sales manager. A graduate of the University of Central Florida, Souza was formerly a sales associate and has been with Meritage for more than three years.
Rob Beal is now area construction manager. He has 11 years of experience and attended Florida Atlantic University. Prior to his promotion he was a construction manager at Meritage.
Tolaris Homes Completes $120,000 Remodeling Project at Lake Forest, Hosts Open House To Show Off Work To 125 Neighbors
Lake Forest, Fla. --- Tolaris Homes based in Lake Forest off S.R. 46 west of Sanford marked completion of a $120,000 remodeling project at a luxury home in Lake Forest recently with an open house to show off their work.
Most of the more than 125 people who attended the event were Lake Forest neighbors, said Tolaris Homes president Rick Bavec.
Bavec said Tolaris completed the project in less than 45 days, updating the home’s interior and retrofitting several new technologies to make the home more energy-efficient.
Most of the more than 125 people who attended the event were Lake Forest neighbors, said Tolaris Homes president Rick Bavec.
Bavec said Tolaris completed the project in less than 45 days, updating the home’s interior and retrofitting several new technologies to make the home more energy-efficient.
Stirling Sotheby’s International Realty Named Exclusive Agents for $1.975 Million Waterfront Estate near Disney
ORLANDO, Fla. --- Stirling Sotheby’s International Realty was recently named exclusive sales and marketing agents for a $1.975 million waterfront estate situated on six-acres at gated Hidden Palms south of Walt Disney World.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said International Luxury Home Specialists Angie Hernandez and Erin Wanner listed the property for sale that includes the 13,000 square foot custom built home.
The home includes a large lounge with mood lighting and silk fans and interconnected spacious leisure room, electric fireplaces, a gourmet “chef’s” kitchen, and a cinema room with luxury seating for eight that doubles as a safe room.
The six bedroom home with eight-and-a-half baths features two master suites, one with its own screened veranda overlooking the lake, large pool and conservation area.
“It’s like owning your own personal, private resort,” Wanner said. “And it’s all surrounded by privacy and security.”
The home boasts a built-in monitored security system plus a large emergency generator with automatic start to power at least 75 percent of the home in the event the power fails, Wanner added.
The property features two swimming pools – one in the courtyard with a spa and waterfall, and a large swimming pool in rear with a beach entrance, night mood lighting, in-pool tables and seating area with independent solar panel heating and electric heat pump for winter boost.
And that’s not all, Hernandez said, the home also comes with a game room complete with nine foot snooker table, dart board, 92-inch monitor and projector and a full size Norwegian cedar sauna for up to eight people.
About Stirling Sotheby’s International Realty:
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said International Luxury Home Specialists Angie Hernandez and Erin Wanner listed the property for sale that includes the 13,000 square foot custom built home.
The home includes a large lounge with mood lighting and silk fans and interconnected spacious leisure room, electric fireplaces, a gourmet “chef’s” kitchen, and a cinema room with luxury seating for eight that doubles as a safe room.
The six bedroom home with eight-and-a-half baths features two master suites, one with its own screened veranda overlooking the lake, large pool and conservation area.
“It’s like owning your own personal, private resort,” Wanner said. “And it’s all surrounded by privacy and security.”
The home boasts a built-in monitored security system plus a large emergency generator with automatic start to power at least 75 percent of the home in the event the power fails, Wanner added.
The property features two swimming pools – one in the courtyard with a spa and waterfall, and a large swimming pool in rear with a beach entrance, night mood lighting, in-pool tables and seating area with independent solar panel heating and electric heat pump for winter boost.
And that’s not all, Hernandez said, the home also comes with a game room complete with nine foot snooker table, dart board, 92-inch monitor and projector and a full size Norwegian cedar sauna for up to eight people.
About Stirling Sotheby’s International Realty:
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
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