WEST MELBOURNE, Fla. --- NAI Realvest recently negotiated the lease of a 4,655 square foot office facility at 4325 Woodland Park Drive in West Melbourne.
Chris Butera investment associate at NAI Realvest headquartered in Maitland, negotiated the transaction representing the tenant, Syracuse, NY-based Cooper US, Inc. doing business as Cooper Crouse-Hinds, LLC.
Cooper Crouse-Hinds, LLC is a subsidiary of Cooper Industries, a diversified global manufacturer of electrical components and tools with worldwide revenues topping $5 billion.
The Melbourne-based landlord, Cunningham, Ingram & Anderson, Inc. was represented by an in-house broker, Aaron Anderson.
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, June 8, 2012
NAI Realvest Negotiates Two New Lease Agreements Totaling more than 10,800 Square Feet of Industrial Space in Orlando
ORLANDO, Fla. – NAI Realvest recently negotiated two new lease agreements totaling 10,811 square feet at industrial facilities in Orlando.
NAI Realvest Associate Michael Heidrich, Jr., was the lead broker for both transactions representing the local tenants, along with Michael Heidrich Sr., principal at NAI Realvest.
Fortuna Logistics, LLC leased units 145 and 150 with 6,999 square feet at Chancellor Square in Orlando Central Park at 8100 Chancellor Drive. The landlord, Prologis, LP was represented by Erik Schwetje of CBRE.
LMC Fitness, Inc. d/b/a SUBU Crossfit leased 3,802 square feet at the industrial facility located at 114 W. Robinson St. The landlord is Dr. Phillips, Inc. and was not represented by an additional broker in the transaction.
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.
NAI Realvest Associate Michael Heidrich, Jr., was the lead broker for both transactions representing the local tenants, along with Michael Heidrich Sr., principal at NAI Realvest.
Fortuna Logistics, LLC leased units 145 and 150 with 6,999 square feet at Chancellor Square in Orlando Central Park at 8100 Chancellor Drive. The landlord, Prologis, LP was represented by Erik Schwetje of CBRE.
LMC Fitness, Inc. d/b/a SUBU Crossfit leased 3,802 square feet at the industrial facility located at 114 W. Robinson St. The landlord is Dr. Phillips, Inc. and was not represented by an additional broker in the transaction.
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.
Crossman & Company Executive to Participate in NAIOP Panel Discussion on Central Florida Market Outlook June 21
ORLANDO, Fla. --- Justin Greider, vice president and director of leasing at Crossman & Company, will participate in a program and panel discussion on Central Florida’s Commercial Real Estate Outlook on Thursday, June 21 starting at 11:30 a.m. at the Sheraton Hotel, 400 W. Livingston St. in downtown Orlando.
The event, sponsored by NAIOP, includes lunch.
Panelists include Yvonne Baker of Jones Lang LaSalle, Jay Ballard of Cushman & Wakefield, and Wilson McDowell of Colliers International.
Dr. Randy Anderson of the University of Central Florida will moderate the program.
Admission to the luncheon event costs $45 for NAIOP members, $65 for non-members and $15 for students.
About Crossman & Company
Headquartered in Orlando, Fla. with offices in Atlanta, Ga., Crossman & Company is a commercial real estate brokerage firm that specializes in the retail industry. Currently their portfolio under leasing and/or management exceeds 150 shopping centers throughout the Southeastern US. Founded in 1990, Crossman & Company focuses solely on landlord representation and serves clients including Publix, PREIT, and GE. Please visit www.crossmanco.com, or call 407-423-5400 for more information.
The event, sponsored by NAIOP, includes lunch.
Panelists include Yvonne Baker of Jones Lang LaSalle, Jay Ballard of Cushman & Wakefield, and Wilson McDowell of Colliers International.
Dr. Randy Anderson of the University of Central Florida will moderate the program.
Admission to the luncheon event costs $45 for NAIOP members, $65 for non-members and $15 for students.
About Crossman & Company
Headquartered in Orlando, Fla. with offices in Atlanta, Ga., Crossman & Company is a commercial real estate brokerage firm that specializes in the retail industry. Currently their portfolio under leasing and/or management exceeds 150 shopping centers throughout the Southeastern US. Founded in 1990, Crossman & Company focuses solely on landlord representation and serves clients including Publix, PREIT, and GE. Please visit www.crossmanco.com, or call 407-423-5400 for more information.
WeinPlus Real Estate Advisory Services to Focus on Helping Retail Property Owners Better Serve Their Tenants
ST. PETERSBURG, Fla. --- The bird in the hand is worth two in the bush. That age-old saying is getting new life at WeinPlus Real Estate Advisory Services, based in St. Petersburg.
Rachel Elias Wein, AIA, founder and principal of WeinPlus, wants the retail property owners her company serves to pay more attention to existing tenants and do the things that will make them more successful.
“It’s all in the economics,” Wein said.
“An existing tenant who’s already in place is a cost-effective revenue source. New tenants require new marketing, recruiting, negotiations, brokerage, interior improvements and other considerations, all of which impact a property’s bottom line,” she said.
WeinPlus is developing a wide range of strategic initiatives to help retail property owners and landlords bolster the success of their tenants.
“A landlord has a vested interest in every tenant’s success,” Wein said.
“We know of many cost-effective initiatives, from consumer marketing to common area improvements and management services that can help tenants succeed,” she said.
“Tenant-centered property management initiatives are a growing trend nationwide as retail property owners vie to compete with sluggish economic recovery, new development and online retail sales,” Wein said.
Rachel Elias Wein, AIA, founder and principal of WeinPlus, wants the retail property owners her company serves to pay more attention to existing tenants and do the things that will make them more successful.
“It’s all in the economics,” Wein said.
“An existing tenant who’s already in place is a cost-effective revenue source. New tenants require new marketing, recruiting, negotiations, brokerage, interior improvements and other considerations, all of which impact a property’s bottom line,” she said.
WeinPlus is developing a wide range of strategic initiatives to help retail property owners and landlords bolster the success of their tenants.
“A landlord has a vested interest in every tenant’s success,” Wein said.
“We know of many cost-effective initiatives, from consumer marketing to common area improvements and management services that can help tenants succeed,” she said.
“Tenant-centered property management initiatives are a growing trend nationwide as retail property owners vie to compete with sluggish economic recovery, new development and online retail sales,” Wein said.
Tolaris Homes Team has more than 68 years of home building experience
Lake Forest, Fla. --- Rick Bavec and Larry Fleming, who have formed a team at Tolaris Homes based at Lake Forest, have more than 68 years of combined homebuilding experience.
Bavec, who founded Tolaris Homes, has been involved in the design and construction of more than 8,000 homes over the past 30 years.
Fleming, former president of Signature Homes, has been involved in the design and construction of more then 2,000 homes.
The pair have built luxury homes valued at a combined total of more than $1 billion, Bavec said.
Recently, Tolaris Homes announced it will double the size of its offices at Lake Forest. The homebuilding company has several luxury custom home building projects in the works now, Bavec said.
Bavec, who founded Tolaris Homes, has been involved in the design and construction of more than 8,000 homes over the past 30 years.
Fleming, former president of Signature Homes, has been involved in the design and construction of more then 2,000 homes.
The pair have built luxury homes valued at a combined total of more than $1 billion, Bavec said.
Recently, Tolaris Homes announced it will double the size of its offices at Lake Forest. The homebuilding company has several luxury custom home building projects in the works now, Bavec said.
Lennar Names Jim Reinert Land Acquisitions Manager for the Orlando Region
ORLANDO, Fla. --- Lennar’s Central Florida Division has appointed veteran real estate professional Jim Reinert as land acquisitions manager for the Orlando region.
Mark Metheny, president of Lennar’s Central Florida division, said Reinert has more than 10 years of experience in residential real estate development and homebuilding.
A graduate of the University of North Carolina at Charlotte and Belk College of Business, Reinert formerly served as division vice president for homebuilder Toll Brothers, and as a financial advisor for UBS Wealth Management.
“Jim brings great experience and a passion for our business,” said Metheny. “He will play a significant role in upholding our commitment to remain the number one homebuilder in the Orlando region.”
Mark Metheny, president of Lennar’s Central Florida division, said Reinert has more than 10 years of experience in residential real estate development and homebuilding.
A graduate of the University of North Carolina at Charlotte and Belk College of Business, Reinert formerly served as division vice president for homebuilder Toll Brothers, and as a financial advisor for UBS Wealth Management.
“Jim brings great experience and a passion for our business,” said Metheny. “He will play a significant role in upholding our commitment to remain the number one homebuilder in the Orlando region.”
VOLUSIA LAWYER RECEIVES BOARD CERTIFICATION FROM FLORIDA BAR
PORT ORANGE – Thomas E. Caldwell, a partner in the Port Orange-based law firm of Rue & Ziffra, recently became Florida Bar board certified in civil law.
Caldwell – who has worked for the personal-injury law firm the past 17 years – is the only lawyer in Port Orange who is board certified in civil trial law and has achieved what is known as the highest level of evaluation by the Florida Bar,” according to firm President Allan L. Ziffra.
“We’re extremely excited that Tom has been recognized for his knowledge, skills and proficiency to be included in the only one percent of Florida lawyers that are board certified in civil trial law,” according to Ziffra.
Board certification, which was established in 1982 by the Florida Supreme Court, is valid for five years.
A trial lawyer, Caldwell practiced law at an insurance defense firm before joining Rue & Ziffra, where he now handles an array of personal-injury and negligence cases, including vehicular accidents, nursing home abuses, and medical malpractice. He also has obtained “AV Rating” by Martindale Hubbell, the highest rating available.
A graduate of the University of Kentucky in Lexington, Caldwell received his Juris Doctorate from the University of Louisville’s Louis D. Brandeis School of Law.
Admitted to practice in all Florida courts, as well as the United States District Court for the Middle District of Florida, Caldwell now can use the letters B.C.S. on business cards, letterheads or other correspondence to identify himself as a “Board Certified Specialist.”
About Rue & Ziffra:
Founded by John D. Rue and Allan L. Ziffra, the personal-injury law firm of Rue & Ziffra has served the Central Florida community for more than 25 years. The firm’s commitment to its profession and its clients has earned it a reputation as one of the top personal-injury law firms in Central Florida. Known for handling everything from automobile and motorcycle accidents to medical malpractice, wrongful death, and social security and disability cases, Rue & Ziffra has recovered millions of dollars for injured clients and their families. With a staff of nine attorneys, the firm maintains offices in Port Orange, DeLand and Palm Coast. For more information, visit www.rueziffra.com.
Caldwell – who has worked for the personal-injury law firm the past 17 years – is the only lawyer in Port Orange who is board certified in civil trial law and has achieved what is known as the highest level of evaluation by the Florida Bar,” according to firm President Allan L. Ziffra.
“We’re extremely excited that Tom has been recognized for his knowledge, skills and proficiency to be included in the only one percent of Florida lawyers that are board certified in civil trial law,” according to Ziffra.
Board certification, which was established in 1982 by the Florida Supreme Court, is valid for five years.
A trial lawyer, Caldwell practiced law at an insurance defense firm before joining Rue & Ziffra, where he now handles an array of personal-injury and negligence cases, including vehicular accidents, nursing home abuses, and medical malpractice. He also has obtained “AV Rating” by Martindale Hubbell, the highest rating available.
A graduate of the University of Kentucky in Lexington, Caldwell received his Juris Doctorate from the University of Louisville’s Louis D. Brandeis School of Law.
Admitted to practice in all Florida courts, as well as the United States District Court for the Middle District of Florida, Caldwell now can use the letters B.C.S. on business cards, letterheads or other correspondence to identify himself as a “Board Certified Specialist.”
About Rue & Ziffra:
Founded by John D. Rue and Allan L. Ziffra, the personal-injury law firm of Rue & Ziffra has served the Central Florida community for more than 25 years. The firm’s commitment to its profession and its clients has earned it a reputation as one of the top personal-injury law firms in Central Florida. Known for handling everything from automobile and motorcycle accidents to medical malpractice, wrongful death, and social security and disability cases, Rue & Ziffra has recovered millions of dollars for injured clients and their families. With a staff of nine attorneys, the firm maintains offices in Port Orange, DeLand and Palm Coast. For more information, visit www.rueziffra.com.
Lennar to Host Realtor Reception June 13 at Heritage Isle in Melbourne to Unveil Realtor ACES Commission Program
MELBOURNE, Fla. --- Lennar Homes will host an exclusive Realtor Reception to unveil its ACES Realtor commission program on Wednesday, June 13 at Heritage Isle, located on Ringold Street in Viera adjacent to Melbourne’s Duran Golf Club.
Mark Metheny, president of Lennar’s Central Florida Division, said Lennar’s new ACES program rewards top area Realtors with one of the highest commissions ever on the closings of new ready-to-move-in homes.
Metheny said Realtors who register for Lennar’s ACES Realtor program at www.lennarlovesrealtors.com and successfully complete the online orientation program and pass the test, will receive an additional one percent commission – for a total of six percent – on sales of new ready-to-move-in homes in all Lennar communities.
Heritage Isle is a 475 acre community that features village parks, lakes and pedestrian bridges, along with the largest community clubhouse in Brevard County. The 21,000 square foot Heritage Isle Club is home to the Heritage Café, open six days a week, and a state-of-the-art fitness center with personal trainers.
Heritage Isle was voted “best 55 plus community” by the readers of Florida Today newspaper. Where to Retire magazine named Heritage Isle one of America’s best 100 master planned communities and Heritage Isle won the 2006 Best of Seniors Housing award.
For sales information, call Lennar’s Welcome Home Center at Heritage Isle 321-638-2239 or visit www.Lennar.com.
Mark Metheny, president of Lennar’s Central Florida Division, said Lennar’s new ACES program rewards top area Realtors with one of the highest commissions ever on the closings of new ready-to-move-in homes.
Metheny said Realtors who register for Lennar’s ACES Realtor program at www.lennarlovesrealtors.com and successfully complete the online orientation program and pass the test, will receive an additional one percent commission – for a total of six percent – on sales of new ready-to-move-in homes in all Lennar communities.
Heritage Isle is a 475 acre community that features village parks, lakes and pedestrian bridges, along with the largest community clubhouse in Brevard County. The 21,000 square foot Heritage Isle Club is home to the Heritage Café, open six days a week, and a state-of-the-art fitness center with personal trainers.
Heritage Isle was voted “best 55 plus community” by the readers of Florida Today newspaper. Where to Retire magazine named Heritage Isle one of America’s best 100 master planned communities and Heritage Isle won the 2006 Best of Seniors Housing award.
For sales information, call Lennar’s Welcome Home Center at Heritage Isle 321-638-2239 or visit www.Lennar.com.
Integrity Home Loan Eyes 20 Percent Share of Residential Mortgage Market in Orlando Area, Expanding to South Florida
LAKE MARY, Fla. --- Integrity Home Loan of Central Florida, Inc. has set its sights on capturing 20 percent of the residential mortgage refinance market in Central Florida and plans to expand to South Florida later this year.
Matt Malloy, president of Integrity Home Loan of Central Florida, said the impetus for the firm’s rapid growth comes from mortgage funding available through Fannie Mae’s and Freddie Mac’s HARP 2.0 program announced last October.
The first version of the HARP program – for Home Affordable Refinance Program – had many flaws, Malloy explained. Banks responded tepidly.
HARP 2.0, announced last October, fixed many of the flaws but traditional banks have not caught on yet, Malloy said.
“We have been very aggressive in applying HARP 2.0 criteria and we anticipate we may capture as much as 50 percent of the residential mortgage refinance market in Central Florida as a result,” Malloy said.
Under HARP 2.0 criteria, home owners can refinance their existing mortgage even though the mortgage may exceed 125 percent of the home’s market value. In addition, home owners need not be living in their home to qualify.
“HARP 2.0 makes it much easier for a home owner to qualify to refinance their mortgage at terms they can afford,” Malloy said. “The fact that most banks are slow to grasp the relevance of this has been very good for us so far and we are growing as a result.”
Malloy said Integrity has already opened an office in Coral Springs and plans to expand into the South Florida market later this year.
Matt Malloy, president of Integrity Home Loan of Central Florida, said the impetus for the firm’s rapid growth comes from mortgage funding available through Fannie Mae’s and Freddie Mac’s HARP 2.0 program announced last October.
The first version of the HARP program – for Home Affordable Refinance Program – had many flaws, Malloy explained. Banks responded tepidly.
HARP 2.0, announced last October, fixed many of the flaws but traditional banks have not caught on yet, Malloy said.
“We have been very aggressive in applying HARP 2.0 criteria and we anticipate we may capture as much as 50 percent of the residential mortgage refinance market in Central Florida as a result,” Malloy said.
Under HARP 2.0 criteria, home owners can refinance their existing mortgage even though the mortgage may exceed 125 percent of the home’s market value. In addition, home owners need not be living in their home to qualify.
“HARP 2.0 makes it much easier for a home owner to qualify to refinance their mortgage at terms they can afford,” Malloy said. “The fact that most banks are slow to grasp the relevance of this has been very good for us so far and we are growing as a result.”
Malloy said Integrity has already opened an office in Coral Springs and plans to expand into the South Florida market later this year.
Park Square Homes Starts Construction of Five Bedroom Model Home at Waters Edge at Lake Nona in East Orlando
ORLANDO, Fla. --- Park Square Homes recently started construction of the Abbey, a single-family model home at Waters Edge at Lake Nona, located off Narcoossee Rd. in East Orlando.
Anthony Rouhana, sales and marketing coordinator at Park Square Homes, said the Abbey offers five bedrooms and four baths in 3,500 square feet of living space priced from $305,900.
Rouhana said the new home will be open for viewing in the fall. Presales of the new floor plan are already underway, he said.
Park Square Homes recently opened two single family model homes and two model town homes at Waters Edge at Lake Nona. All four models are fully furnished and are open daily for tours.
Park Square Homes plans to build 40 single family homes at Waters Edge at Lake Nona that range in size from 2,081 to 3,524 square feet of living space and priced from the $240s. Park Square also builds town homes at Waters Edge priced from the $150s.
Anthony Rouhana, sales and marketing coordinator at Park Square Homes, said the Abbey offers five bedrooms and four baths in 3,500 square feet of living space priced from $305,900.
Rouhana said the new home will be open for viewing in the fall. Presales of the new floor plan are already underway, he said.
Park Square Homes recently opened two single family model homes and two model town homes at Waters Edge at Lake Nona. All four models are fully furnished and are open daily for tours.
Park Square Homes plans to build 40 single family homes at Waters Edge at Lake Nona that range in size from 2,081 to 3,524 square feet of living space and priced from the $240s. Park Square also builds town homes at Waters Edge priced from the $150s.
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