Hold-Thyssen’s localized strategy earns two choice property management assignments

ORLANDO, Fla. -- Hold-Thyssen, a real estate services firm headquartered in Winter Park, was recently awarded two choice property management assignments in the Maitland Center and high-growth southwest Orlando. Robert Hold, president of Hold-Thyssen, Inc., said the new assignments include 258 Southhall Lane, a 90,000 square foot office building at prestigious Lucien Pointe in the Maitland Center area, and Phillips Place, a 56,000 square foot office building on Dr. Phillips Blvd. in Orlando’s thriving southwest sector near its tourism corridor. Each building has different ownership. Hold said Hold-Thyssen’s approach to boutique, smarter property management earned both new assignments. “Institutional owners are learning what many middle-market owners have known for some time---that local ‘boutique’ property management firms offer the same access to information as the national brands along with the agility to respond instantly and intelligently to opportunities and market demands,” Hold said. Hold Thyssen assumed leasing and management of the 258 Southhall Lane building at Lucien Pointe in 2003 and soon achieved 100 percent occupancy, Hold said. The firm brokered the sale of the property in 2006 at the height of the real estate cycle. The property’s current owners recently invited Hold-Thyssen back to the table, Hold said. “Smaller, smarter leasing and management companies can be more aggressive, especially when it comes to brokerage and co-op structures,” Hold said. “Our principals are on the ground already. We don’t have a stable of first-year associates who need approval of a supervisor in another city when a unique opportunity arises,” Hold said. The Hold-Thyssen companies have managed commercial, office, and multi-family investment properties for more than 40 years. The firm’s current portfolio includes more than 100 commercial properties.

ASHTON WOODS HOMES STARTS FINAL PHASE AT THE LANDINGS IN SOUTH TAMPA

TAMPA, Fla. – Ashton Woods Homes recently started selling in its final phase at The Landings located off Interbay and Westshore Blvds. in the Westshore region of South Tampa. Mike Roche, vice president of sales and marketing for Ashton Woods Homes in the Tampa Bay region, said the last phase at The Landings is comprised of 28 home sites for new three, four and five bedroom homes priced from $260,990 and ranging from approximately 1,556 square feet to 2,730 square feet of living area. Visit www.ashtonwoodshomes.com .

Stirling Sotheby’s International Realty Named Exclusive Broker for Historic 104-Acre Silver Lake Golf Course in Leesburg

Leesburg, Fla. -- Stirling Sotheby’s International Realty has been named exclusive sales and marketing agents for the historic Silver Lake Golf Course, a 104-acre site located north of U.S. 441 in Leesburg. Owners of the site, which includes approximately 500 feet of frontage on Silver Lake, hope to sell the property to developers for a residential community. Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said International Marketing Specialist Patrick Whalen, with the firm’s Heathrow Real Estate Marketing Center, is representing the property. Opened in 1926---at the height of another Florida land boom---Silver Lake was home of one of Florida’s oldest amateur golf tournaments by the mid-1980s, with a waiting list of potential players. Leesburg officials proposed acquiring the property in 2005 for a municipal golf course but decided against it. The course closed in 2007. The Silver Lake property is listed for sale for $4.5 million, or approximately $43,000 per acre. Since December 2013, Stirling Sotheby’s Commercial Division has completed $33 million in closed land transactions.

Oceans Luxury Realty Sees Doubling of Sales

Daytona Beach Shores, Fla. -- Oceans Luxury Realty reports it doubled its sales since Jan. 1. Crystal Anderson, president and chief executive officer of Oceans Luxury Realty, said sales for the first five months of this year totaled over $13 million, compared with about $7 million last year. Oceans Luxury Realty now has two locations in Daytona Beach Shores and plans to open a third location in Ormond Beach by the end of September. “The recession is disappearing and we’re seeing a turnaround in condo sales,” Anderson said. “Short sales are heading into non-existence. It’s definitely a seller’s market,” she said.

NAI Realvest Negotiates Two New Retail Leases totaling 5,800 square feet for a Dunkin Donuts and Arthur Murray Dance Studio in East Orlando

ORLANDO, Fla. – NAI Realvest recently negotiated two new retail leases on Alafaya Trail in east Orlando for a Dunkin Donuts and an Arthur Murray Dance Studio. The NAI Realvest team of Jeffrey Tanner and Kimberly Manson successfully transacted a new lease of 3,000 rentable square feet at Unit 10, 588 Alafaya Trail. Tanner and Manson represented both the tenant Santos Donuts Inc., a Dunkin Donuts franchisee who will be opening at this location and the Landlord, K & B Alafaya Associates LLC. Mary Frances West, CCIM, senior broker associate at NAI Realvest represented the tenant Impuls, LLC d/b/a Arthur Murray Dance Franchise Studio in a new retail space lease of 2,800 rentable square feet to operate a dance studio in suites 110-120 of the Stoneybrook Marketplace at 2504 S. Alafaya Trail. The landlord is Spoudazo 12 LLC.

Stirling Sotheby’s International Realtor Sees Uptick in Sales of Luxury Homes at Spruce Creek Fly-In But Sale Prices of Mid-Priced Homes Rising Even Faster

PORT ORANGE, Fla. --- Stirling Sotheby’s International Realty reports that sales of luxury homes at Spruce Creek Fly-In in Port Orange are increasing but prices on mid-level homes – those valued at under $500,000 – are increasing even faster as demand grows. Roger Soderstrom, founder and owner of the firm, said from January through May 31, the Stirling Sotheby’s International Realty team of Associates Debbie Keilin and Rachel McGrath had 26 total sales for some $11.6 million. The average sale price of the homes they sold totaled $446,000, he added. The team is on target to reach $30 million in home sales this year, Soderstrom said. During the same period Keilin and McGrath have logged 14 listing assignments that average $520,000. The flurry of activity is producing a backlog in some areas. Keilin reports that real estate appraisals have slowed. "We are having appraisal problems because there is more demand than supply,” Keilin explained. Keilin added that many buyers are willing to pay over appraisal. “We are seeing prices increase faster on properties valued under $500,000 in Volusia County than luxury homes valued at $750,000 and up,” Keilin reported. Keilin said the summer months should slow sales a little. “Sales at Spruce Creek Fly-In are historically slower in the summer months,” Keilin said. “We project a big increase in sales starting in the fall,” she said.