ORLANDO, Fla. – NAI Realvest recently negotiated the $950,000 sale price for the 5,000 square foot former PNC Bank branch facility at 3019 Lamberton Blvd. off Curry Ford and Dean Roads in East Orlando.
Mez Birdie, CCIM, director of retail and investment services at the firm and Chris Butera, investment associate negotiated the transaction on behalf of the seller Pittsburg-based PNC Bank.
Curry Investments, LLC of Coral Gables is the buyer and was represented by Fraga Management, Inc.
Thursday, June 11, 2015
Berkadia Negotiates $96.3 million price in sale of 834 units in Tampa Portfolio of Apartment Properties
Tampa / Orlando, Fla. --- Berkadia, one of the nation’s largest and most active multifamily investment banking and research companies, recently negotiated a $96.3 million sale price for the Tampa Portfolio, comprising two apartment properties that total 834 units in Tampa and Brandon.
Jason Stanton, Senior Vice President for Berkadia in Tampa, participated in the transaction along with Partner Cole Whitaker and Senior Vice President Hal Warren in Orlando. Berkadia represented seller Covenant Capital Group of Nashville, Tennessee in both transactions.
Viera at Westchase apartments, with 390 units built in 1999, is located near the affluent Town N’ Country area in Tampa. Berkadia negotiated a $52.75 million sale price for the property. The buyer was Viera at Westchase, LLC.
Hamilton Bay apartments, located on the thriving east side of Tampa Bay in Brandon, was built in 1989-1990 with 444 units. Berkadia negotiated a sale price of $43.6 million for Hamilton Bay. Blue Rock Partners, LLC was the buyer.
The portfolio sale price averaged $115,527 per unit.
Whitaker said both communities saw capital improvements over the last four years that total more than $6.9 million and average $8,273 per unit.
“Capital enhancements focused on curb appeal, marketing, and resident experience,” Stanton explained.
Jason Stanton, Senior Vice President for Berkadia in Tampa, participated in the transaction along with Partner Cole Whitaker and Senior Vice President Hal Warren in Orlando. Berkadia represented seller Covenant Capital Group of Nashville, Tennessee in both transactions.
Viera at Westchase apartments, with 390 units built in 1999, is located near the affluent Town N’ Country area in Tampa. Berkadia negotiated a $52.75 million sale price for the property. The buyer was Viera at Westchase, LLC.
Hamilton Bay apartments, located on the thriving east side of Tampa Bay in Brandon, was built in 1989-1990 with 444 units. Berkadia negotiated a sale price of $43.6 million for Hamilton Bay. Blue Rock Partners, LLC was the buyer.
The portfolio sale price averaged $115,527 per unit.
Whitaker said both communities saw capital improvements over the last four years that total more than $6.9 million and average $8,273 per unit.
“Capital enhancements focused on curb appeal, marketing, and resident experience,” Stanton explained.
Stirling Sotheby’s International Realty, Orlando Business Journal launch “Home of the Day” Luxury Real Estate Feature
ORLANDO, Fla. --- Stirling Sotheby’s International Realty and the Orlando Business Journal have formed a marketing alliance to launch “Home of The Day,” a luxury real estate feature that will be published daily at www.bizjournals.com/Orlando and in daily news email updates.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said “Home of the Day” is a unique opportunity to feature prized properties before an exclusive market of Orlando Business Journal readers.
“Each day one of Stirling’s exclusive properties will be featured with a story about the property, a gallery of 15 photographs and video, along with the listing agent’s photograph and information,” Soderstrom said.
Soderstrom said “Home Of The Day” features are content staples in 25 other Business Journal markets around the country.
“Stirling Sotheby’s International Realty is always seeking inventive new ways to showcase our properties and to reach new markets,” Soderstrom said.
“Real estate marketing is evolving rapidly and “Home of the Day” offers a powerful and compelling way to reach thousands of readers whose occupations, incomes and buying preferences fall well within our customer profile,” Soderstrom said.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said “Home of the Day” is a unique opportunity to feature prized properties before an exclusive market of Orlando Business Journal readers.
“Each day one of Stirling’s exclusive properties will be featured with a story about the property, a gallery of 15 photographs and video, along with the listing agent’s photograph and information,” Soderstrom said.
Soderstrom said “Home Of The Day” features are content staples in 25 other Business Journal markets around the country.
“Stirling Sotheby’s International Realty is always seeking inventive new ways to showcase our properties and to reach new markets,” Soderstrom said.
“Real estate marketing is evolving rapidly and “Home of the Day” offers a powerful and compelling way to reach thousands of readers whose occupations, incomes and buying preferences fall well within our customer profile,” Soderstrom said.
DrW Life Skills Institute President to Speak at the Florida Massage Therapy Assn Convention and Trade Show
ORLANDO, Fla., – Dr. Wanda Bonet-Gascot (“DrW”), founder and coaching program director at DrW Life Skills Institute in Kissimmee, will be a featured speaker at the 2015 Florida State Massage Convention and Trade Show June 25-28 in Orlando.
DrW said her talk will focus on Emotional Intelligence for Healthcare Professionals at the convention which is being held at the Caribe Royal All Suites Hotel and Convention Center on World Center Drive in Orlando
“I enjoy helping community leaders and professionals reach their potential, building their emotional intelligence skills. Emotional Intelligence skills improve health, increase productivity and enhance interpersonal relationships,” said DrW.
The Florida Massage Convention and Trade Show is where massage therapists enhance and expand their professional skills. Over 1,000 massage therapists are expected from around the world to learn massage modalities from leading educators in the industry.
Those attending will receive continuing education credits toward their requirements.
DrW is a certified life coach, who teaches emotional intelligence skills at DrW® Life Skills Institute which is a client member of the University of Central Florida Business Incubation Program’s Kissimmee incubator.
DrW said her talk will focus on Emotional Intelligence for Healthcare Professionals at the convention which is being held at the Caribe Royal All Suites Hotel and Convention Center on World Center Drive in Orlando
“I enjoy helping community leaders and professionals reach their potential, building their emotional intelligence skills. Emotional Intelligence skills improve health, increase productivity and enhance interpersonal relationships,” said DrW.
The Florida Massage Convention and Trade Show is where massage therapists enhance and expand their professional skills. Over 1,000 massage therapists are expected from around the world to learn massage modalities from leading educators in the industry.
Those attending will receive continuing education credits toward their requirements.
DrW is a certified life coach, who teaches emotional intelligence skills at DrW® Life Skills Institute which is a client member of the University of Central Florida Business Incubation Program’s Kissimmee incubator.
Hold-Thyssen Completes $9.2 Million Sale of Office Building in Affluent Marina area of Ft. Lauderdale
Ft Lauderdale, / Winter Park Fla. --- Hold-Thyssen, Inc., a commercial real estate services firm based in Winter Park, recently completed the $9,200,000.00 sale of a 36,040 square foot office building on the affluent 17th Street marina area of Ft. Lauderdale.
Robert P. Hold, principal at Hold-Thyssen and an owner of the office building, brokered the transaction representing the seller, 1600 17th St. Causeway LLC. The building was previously purchased by Hold and partners in 2005 for $7,300,000.00 and they targeted tenants in the maritime and related industries.
The property which was purchased by Sixteen Hundred Seventeenth, LLC was 100 percent leased at the time of the sale. Tenants include HSBC Bank and a number of maritime industry companies.
Hold-Thyssen provides commercial property 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.
Robert P. Hold, principal at Hold-Thyssen and an owner of the office building, brokered the transaction representing the seller, 1600 17th St. Causeway LLC. The building was previously purchased by Hold and partners in 2005 for $7,300,000.00 and they targeted tenants in the maritime and related industries.
The property which was purchased by Sixteen Hundred Seventeenth, LLC was 100 percent leased at the time of the sale. Tenants include HSBC Bank and a number of maritime industry companies.
Hold-Thyssen provides commercial property 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.
ROYAL OAK HOMES SELLING AT HERITAGE RUN IN KISSIMMEE-ST. CLOUD
St. Cloud, Fla. --- Royal Oak Homes, based in Orlando’s Baldwin Park, has started selling new three and four bedroom townhomes at Heritage Run, a gated community located on Boggy Creek Rd. spanning Kissimmee and St. Cloud.
Matt Orosz, co-president, said Royal Oak Homes is building 64 townhomes in the St. Cloud area of the Heritage Run community off SR 192.
Royal Oak’s new three and four bedroom townhomes with two-and-a-half baths in approximately 1,800 square feet of living space are priced from the $180s and come with a two-car garage.
Royal Oak will start construction of a model townhome in August and will have move-in ready units by December.
Heritage Run features a pool and cabana for residents and is conveniently located near shopping, banking, schools, places of worship and recreation. The community is walking distance to the 120-acre Osceola Heritage Park.
Matt Orosz, co-president, said Royal Oak Homes is building 64 townhomes in the St. Cloud area of the Heritage Run community off SR 192.
Royal Oak’s new three and four bedroom townhomes with two-and-a-half baths in approximately 1,800 square feet of living space are priced from the $180s and come with a two-car garage.
Royal Oak will start construction of a model townhome in August and will have move-in ready units by December.
Heritage Run features a pool and cabana for residents and is conveniently located near shopping, banking, schools, places of worship and recreation. The community is walking distance to the 120-acre Osceola Heritage Park.
Plenty of Space, Striking Views Point to Lennar’s New Terrace Condominiums at Treviso Bay in Naples
NAPLES, Fla. --- Lennar’s new Terrace Condominiums at Treviso Bay in Naples have linked the home builder’s popular free-flowing floor plans with spectacular water and preserve views to create ideal environments for maintenance-free leisurely living with plenty of room for entertaining.
David Meyers, director of sales and marketing for Lennar in southwest Florida, said new Terrace Condominiums at the unique community on Tamiami Trail in Naples boast three distinctive floor plans with sweeping views from the first to the fourth floors.
Two-bedroom, two-bath Terrace Condominiums at Treviso Bay range from an efficient, surprisingly spacious 1,107 square feet of living space to 1,284 square feet.
Each Terrace Condominium comes with reserved and covered parking and extra storage space, Meyers said.
The new Antonia model condominium offers 1,107 square feet of living space with a huge master suite that boasts his and hers walk-in closets.
The unique U-shaped kitchen features a comfortably intimate dinette area and serves the adjoining dining room and living room---ample open space to entertain family or friends in a spectacular setting that includes a screened lanai.
The Bellini model condominium, with 1,137 square feet of space, offers considerably more of the same luxury lifestyle, with walk-in closets, a full second bedroom suite and spectacular views.
Terrace Condominiums at Treviso Bay come with free Social Memberships to the Treviso Bay Champions Club and all the amenities of a world-class resort community, including its world class, Arthur Hills-designed Tournament Players' Club (TPC) golf course, a tennis center with pro shop, health club/spa/fitness center, aerobics and palates studios, bocce courts, resort-style pool with beach entry and adult area lap lanes, beach front lake area, and a year-round social calendar.
All homes at Treviso Bay are maintenance-free, with Lennar’s “Everything’s Included” pledge: a selection upgrades such as crown molding, granite countertops, wood cabinetry, designer light fixtures, stainless steel appliances all at the one Lennar price. It also includes one of the highest-rated energy efficiency packages in the industry, Meyers explained.
David Meyers, director of sales and marketing for Lennar in southwest Florida, said new Terrace Condominiums at the unique community on Tamiami Trail in Naples boast three distinctive floor plans with sweeping views from the first to the fourth floors.
Two-bedroom, two-bath Terrace Condominiums at Treviso Bay range from an efficient, surprisingly spacious 1,107 square feet of living space to 1,284 square feet.
Each Terrace Condominium comes with reserved and covered parking and extra storage space, Meyers said.
The new Antonia model condominium offers 1,107 square feet of living space with a huge master suite that boasts his and hers walk-in closets.
The unique U-shaped kitchen features a comfortably intimate dinette area and serves the adjoining dining room and living room---ample open space to entertain family or friends in a spectacular setting that includes a screened lanai.
The Bellini model condominium, with 1,137 square feet of space, offers considerably more of the same luxury lifestyle, with walk-in closets, a full second bedroom suite and spectacular views.
Terrace Condominiums at Treviso Bay come with free Social Memberships to the Treviso Bay Champions Club and all the amenities of a world-class resort community, including its world class, Arthur Hills-designed Tournament Players' Club (TPC) golf course, a tennis center with pro shop, health club/spa/fitness center, aerobics and palates studios, bocce courts, resort-style pool with beach entry and adult area lap lanes, beach front lake area, and a year-round social calendar.
All homes at Treviso Bay are maintenance-free, with Lennar’s “Everything’s Included” pledge: a selection upgrades such as crown molding, granite countertops, wood cabinetry, designer light fixtures, stainless steel appliances all at the one Lennar price. It also includes one of the highest-rated energy efficiency packages in the industry, Meyers explained.
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