ATLANTA, Ga. --- Lavista Associates, one of Atlanta’s leading commercial real estate companies, reports it sold 36 commercial REO properties in 2010 with 10 of those sold in the month of December alone.
Tom Davenport, president of Lavista Associates, Inc. said proceeds from sales of REO properties in 2010 totaled more than $24 million.
Lavista Associates represented 11 banks and lending institutions in the sales, Davenport said.
Commercial REO assets sold in 2010 included 20 office buildings, two office condominium projects, seven retail strip centers, one convenience store, five industrial properties, and one self-storage facility.
Lavista Associates is currently responsible for the marketing of 54 REO properties representing eight financial institutions. The firm is currently engaged in the marketing, sales and management of 37 office condominium projects.
“Our REO work saw substantial growth in 2010 and we expect that trend to continue in 2011,” Davenport said.
Lavista Associates recently added three major REO clients---First Citizens Bank, BB&T, which awarded assignments to Lavista Associates in the fourth quarter of 2010, and Ameris Bank, which selected Lavista Associates in December.
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For more information contact: Tom Davenport, President, Lavista Associates, Inc. 770-448-6400; tdavenport@lavista.com; Kimberly Steele, Director of Marketing & Administration, Lavista Associates, Inc. 770-729-2824; ksteele@lavista.com; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
About Lavista Associates, Inc.: Serving Atlanta for over 38 years, Lavista Associates, Inc. is one of metro Atlanta’s leading commercial real estate companies, representing clients in the sale and leasing of a broad spectrum of commercial, industrial, office and retail properties. The firm’s goal is excellence of service to its clients resulting in the highest value for their real estate holdings.
Showing posts with label properties. Show all posts
Showing posts with label properties. Show all posts
Friday, January 21, 2011
Friday, September 3, 2010
Central Florida Advisors, a Grubb & Ellis|Commercial Florida Subsidiary, Increases Portfolio of Tax Advisory Properties by 300 Percent
ORLANDO - Last year, Central Florida Advisors, the tax advisory subsidiary of Grubb & EllisCommercial Florida, represented properties valued at more than $100 million.
This year, Central Florida Advisors represents properties valued at more than $460 million in Florida, reports Jeff Sweeney, president and managing principal at Grubb & EllisCommercial Florida.
Central Florida Advisors specializes in helping commercial property owners reevaluate their property tax assessments, Sweeney explained.
Central Florida Advisors helped the owners of one suburban-area mixed use property cut their property taxes by nearly 50 percent, Sweeney said.
“That resulted in over $200,000 of tax savings for their bottom line,” he added.
The deadline for appealing property tax assessments in Orange County is Sept. 10.
* * *
About Grubb & EllisCommercial Florida: Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 45 brokers divided among its Orlando, Melbourne and Tampa offices to serve the entire mid-Florida marketplace.
CONTACTS: Brett Felberg, 407-481-5390; Jeff Sweeney SIOR President 407-481-5387; Larry Vershel Communications 407-644-4142
This year, Central Florida Advisors represents properties valued at more than $460 million in Florida, reports Jeff Sweeney, president and managing principal at Grubb & EllisCommercial Florida.
Central Florida Advisors specializes in helping commercial property owners reevaluate their property tax assessments, Sweeney explained.
Central Florida Advisors helped the owners of one suburban-area mixed use property cut their property taxes by nearly 50 percent, Sweeney said.
“That resulted in over $200,000 of tax savings for their bottom line,” he added.
The deadline for appealing property tax assessments in Orange County is Sept. 10.
* * *
About Grubb & EllisCommercial Florida: Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 45 brokers divided among its Orlando, Melbourne and Tampa offices to serve the entire mid-Florida marketplace.
CONTACTS: Brett Felberg, 407-481-5390; Jeff Sweeney SIOR President 407-481-5387; Larry Vershel Communications 407-644-4142
Friday, April 16, 2010
Lavista Associates, Inc. Reports Four Recent Sales of REO Properties
NORCROSS - Lavista Associates, the Atlanta firm that ranks as one of the top commercial brokerage companies in the southeast, recently closed on four REO property sales in Dawsonville, Cumming, Suwanee and Alpharetta.
Lavista associate Scott Clayton represented State Bank & Trust in the sale of a 20,000 square foot industrial building at 243 Stowers Rd. in Dawsonville.
Associate Austin Chase sold a 17,280 square foot freestanding office building at 101 Colony Park Drive in Cumming representing Excel Federal Credit Union and also brokered the sale of a 5,900 square foot office building at 41 Milton Ave. in Alpharetta, for State Bank & Trust.
Associates John Cape and Kirven Brantley represented Westside Bank in the disposition of a 9,000 square foot office building in Satellite Park at Huntcrest in Suwanee.
Tom Davenport, President of Lavista Associates, said 2010 marks the year when lender-controlled commercial properties have begun to sell again.
“Lavista projects this activity will steadily continue as users recognize unprecedented opportunities to acquire properties at historically low prices,” Davenport said.
For more information, contact:
Kimberly Steele, Lavista Associates, Inc. 770-729-2824; ksteele@lavista.com; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
About Lavista Associates, Inc.:
Serving Atlanta for over 37 years, Lavista Associates, Inc. is one of metro Atlanta’s leading commercial real estate companies, representing clients in the sale and leasing of a broad spectrum of commercial, industrial, office and retail properties. The firm’s goal is excellence of service to its clients resulting in the highest value for their real estate holdings.
Lavista associate Scott Clayton represented State Bank & Trust in the sale of a 20,000 square foot industrial building at 243 Stowers Rd. in Dawsonville.
Associate Austin Chase sold a 17,280 square foot freestanding office building at 101 Colony Park Drive in Cumming representing Excel Federal Credit Union and also brokered the sale of a 5,900 square foot office building at 41 Milton Ave. in Alpharetta, for State Bank & Trust.
Associates John Cape and Kirven Brantley represented Westside Bank in the disposition of a 9,000 square foot office building in Satellite Park at Huntcrest in Suwanee.
Tom Davenport, President of Lavista Associates, said 2010 marks the year when lender-controlled commercial properties have begun to sell again.
“Lavista projects this activity will steadily continue as users recognize unprecedented opportunities to acquire properties at historically low prices,” Davenport said.
For more information, contact:
Kimberly Steele, Lavista Associates, Inc. 770-729-2824; ksteele@lavista.com; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
About Lavista Associates, Inc.:
Serving Atlanta for over 37 years, Lavista Associates, Inc. is one of metro Atlanta’s leading commercial real estate companies, representing clients in the sale and leasing of a broad spectrum of commercial, industrial, office and retail properties. The firm’s goal is excellence of service to its clients resulting in the highest value for their real estate holdings.
Saturday, March 20, 2010
Central Florida Commercial Property Market Will See Little Growth until the disposal of Distressed Properties
ORLANDO - Florida’s commercial real estate industry isn’t going to see much improvement until billions of dollars worth of distressed assets are disposed of, says one distressed properties specialist.
Jeff Sweeney, SIOR, president of Grubb & EllisCommercial Florida with offices in Orlando, Tampa and Melbourne, spoke at a luncheon recently hosted by the Central Florida chapter of Commercial Real Estate Women (CREW).
“There are billions and billions of dollars worth of assets that constitute bad loans in Florida, and until we cut away the dead wood, the market is going to be effected,” Sweeney said.
Sweeney plans to make the same comments on March 23 when he addresses the Central Florida Regional Council.
About Grubb & EllisCommercial Florida: Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 45 brokers divided among its Orlando, Melbourne and Tampa offices to serve the entire mid-Florida marketplace.
About Grubb & Ellis: Named to The Global Outsourcing 100™ in 2009 by the International Association of Outsourcing Professionals™, Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 professionals in more than 130 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm’s transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through Grubb & Ellis Realty Investors, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), tenant-in-common (TIC) investments suitable for tax-deferred 1031 exchanges and other real estate investment funds. For more information, visit www.grubb-ellis.com.
Jeff Sweeney, SIOR, president of Grubb & EllisCommercial Florida with offices in Orlando, Tampa and Melbourne, spoke at a luncheon recently hosted by the Central Florida chapter of Commercial Real Estate Women (CREW).
“There are billions and billions of dollars worth of assets that constitute bad loans in Florida, and until we cut away the dead wood, the market is going to be effected,” Sweeney said.
Sweeney plans to make the same comments on March 23 when he addresses the Central Florida Regional Council.
About Grubb & EllisCommercial Florida: Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 45 brokers divided among its Orlando, Melbourne and Tampa offices to serve the entire mid-Florida marketplace.
About Grubb & Ellis: Named to The Global Outsourcing 100™ in 2009 by the International Association of Outsourcing Professionals™, Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 professionals in more than 130 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm’s transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through Grubb & Ellis Realty Investors, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), tenant-in-common (TIC) investments suitable for tax-deferred 1031 exchanges and other real estate investment funds. For more information, visit www.grubb-ellis.com.
Friday, January 22, 2010
Orlando Developer/Investor Ron Schwartz Launches Florida REO Managers, Inc. to Manage Distressed Properties Nationwide
ORLANDO - Central Florida developer and investor Ronald Schwartz has launched Florida REO Managers, Inc. (www.floridareomanagers.com) to provide receiver and property management services to lenders nationwide.
Schwartz said the firm has already contracted with several property lenders nationwide on a variety of projects.
“We specialize in overseeing and/or managing commercial and residential properties that are in foreclosure, or where a receiver is needed, or for properties that have already been taken over by the lender,” Schwartz said.
“Our principal focus is to protect and maintain the assets as Receiver appointed by the court until such time as the lender completes the foreclosure process on the property,” he said. “Florida REO Managers can then manage the property for the lender.”
Schwartz is a Special Trustee for the US Bankruptcy Court, Middle District of Florida and has more than 30 years of experience as a builder, developer and property manager.
For more information, contact: Ron Schwartz, Principal, Florida REO Managers, Inc. 407-342-3648 (direct)
Schwartz said the firm has already contracted with several property lenders nationwide on a variety of projects.
“We specialize in overseeing and/or managing commercial and residential properties that are in foreclosure, or where a receiver is needed, or for properties that have already been taken over by the lender,” Schwartz said.
“Our principal focus is to protect and maintain the assets as Receiver appointed by the court until such time as the lender completes the foreclosure process on the property,” he said. “Florida REO Managers can then manage the property for the lender.”
Schwartz is a Special Trustee for the US Bankruptcy Court, Middle District of Florida and has more than 30 years of experience as a builder, developer and property manager.
For more information, contact: Ron Schwartz, Principal, Florida REO Managers, Inc. 407-342-3648 (direct)
Thursday, August 20, 2009
Stirling Sotheby’s International Realty Appoints Brian Dunn Associate in Heathrow-Lake Mary Gallery
Stirling Sotheby’s International Realty Appoints Brian Dunn Associate in Heathrow-Lake Mary Gallery
LAKE MARY, Fla. --- Stirling Sotheby’s International Realty has appointed Brian Dunn a sales executive in the firm’s Heathrow-Lake Mary real estate gallery.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said Dunn specializes in golf and waterfront properties in the Central Florida area. He attended Oklahoma State University where he was an avid golfer and soccer player.
Dunn, who has more than 10 years of real estate and mortgage banking experience, was exposed to real estate from a young age, Soderstrom said. His father was a real estate developer and his grandfather was a builder in Tulsa, Okla.
“Brian Dunn has provided the Central Florida market area with exceptional real estate service over the last 10 years,” said Soderstrom.
“It was through a competitive soccer tournament in Central Florida during my youth that I realized the Orlando region would be a great place to begin my own real estate career,” Dunn said.
For more information please contact:
Roger Soderstrom, Owner/Founder, Stirling Sotheby’s International Realty 407.588.1260; http://www.StirlingSIR.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407.644.4142
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, commercial, property management, in addition to supporting builders, developers, lenders, and asset managers. The company operates five performance centers which serve all of Central Florida.
LAKE MARY, Fla. --- Stirling Sotheby’s International Realty has appointed Brian Dunn a sales executive in the firm’s Heathrow-Lake Mary real estate gallery.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said Dunn specializes in golf and waterfront properties in the Central Florida area. He attended Oklahoma State University where he was an avid golfer and soccer player.
Dunn, who has more than 10 years of real estate and mortgage banking experience, was exposed to real estate from a young age, Soderstrom said. His father was a real estate developer and his grandfather was a builder in Tulsa, Okla.
“Brian Dunn has provided the Central Florida market area with exceptional real estate service over the last 10 years,” said Soderstrom.
“It was through a competitive soccer tournament in Central Florida during my youth that I realized the Orlando region would be a great place to begin my own real estate career,” Dunn said.
For more information please contact:
Roger Soderstrom, Owner/Founder, Stirling Sotheby’s International Realty 407.588.1260; http://www.StirlingSIR.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407.644.4142
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, commercial, property management, in addition to supporting builders, developers, lenders, and asset managers. The company operates five performance centers which serve all of Central Florida.
Tuesday, August 18, 2009
Stirling Sotheby’s International Realty Promotes Joyce Marsh to Senior Business Development Consultant–Unique Properties
Stirling Sotheby’s International Realty Promotes Joyce Marsh to Senior Business Development Consultant–Unique Properties
ORLANDO, Fla. - Stirling Sotheby’s International Realty has promoted Joyce Marsh to Senior Business Development Consultant–Unique Properties for the firm’s elite “Workout Team.”
Marsh has held key positions in the firm for nearly three years and was most recently a managing director for Stirling Sotheby’s International Realty, said Roger Soderstrom, founder and owner of the firm.
Marsh, who attended New York School of Interior Design and Rutgers University, has more than 20 years of experience working with major developers, builders, designers and architects focusing on distinctive properties and the upper-tier luxury home market.
“Joyce Marsh is a highly respected senior advisor who has played a major role in turning around several projects and repositioning exceptional properties for sale,” Soderstrom said.
Marsh’s immediate focus will be to work with developers, homeowners and lenders to reposition distressed development projects as well as unique properties and luxury homes throughout Florida, Soderstrom added.
“I plan to take advantage of the opportunities within Sotheby’s International Realty’s http://www.stirlingsir.com/ rapidly expanding global market by developing new market strategies to reach more international investors,” Marsh said.
Marsh holds professional designations as a Certified Luxury Homes Specialist (CLHMS); Seniors Real Estate Specialist (SRES); Certified International Properties Designee (CIPS) and Certified Short Sale Professional (CSP). She is a licensed interior designer with specialized training in model home merchandising and home staging.
For more information, contact:
Roger Soderstrom, Owner/Founder, Stirling Sotheby’s International Realty 407.588.1260; http://www.stirlingsir.com/
Larry Vershel or Beth Payan, Larry Vershel Communications, 407.644.4142
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, commercial, and property management, in addition to supporting builders, developers, lenders, and asset managers. The company operates five performance centers which serve all of Central Florida.
ORLANDO, Fla. - Stirling Sotheby’s International Realty has promoted Joyce Marsh to Senior Business Development Consultant–Unique Properties for the firm’s elite “Workout Team.”
Marsh has held key positions in the firm for nearly three years and was most recently a managing director for Stirling Sotheby’s International Realty, said Roger Soderstrom, founder and owner of the firm.
Marsh, who attended New York School of Interior Design and Rutgers University, has more than 20 years of experience working with major developers, builders, designers and architects focusing on distinctive properties and the upper-tier luxury home market.
“Joyce Marsh is a highly respected senior advisor who has played a major role in turning around several projects and repositioning exceptional properties for sale,” Soderstrom said.
Marsh’s immediate focus will be to work with developers, homeowners and lenders to reposition distressed development projects as well as unique properties and luxury homes throughout Florida, Soderstrom added.
“I plan to take advantage of the opportunities within Sotheby’s International Realty’s http://www.stirlingsir.com/ rapidly expanding global market by developing new market strategies to reach more international investors,” Marsh said.
Marsh holds professional designations as a Certified Luxury Homes Specialist (CLHMS); Seniors Real Estate Specialist (SRES); Certified International Properties Designee (CIPS) and Certified Short Sale Professional (CSP). She is a licensed interior designer with specialized training in model home merchandising and home staging.
For more information, contact:
Roger Soderstrom, Owner/Founder, Stirling Sotheby’s International Realty 407.588.1260; http://www.stirlingsir.com/
Larry Vershel or Beth Payan, Larry Vershel Communications, 407.644.4142
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, commercial, and property management, in addition to supporting builders, developers, lenders, and asset managers. The company operates five performance centers which serve all of Central Florida.
Friday, July 24, 2009
Crossman & Company Selected as Exclusive Leasing Agent for 10.4 Million Square Foot Publix-Owned Retail Portfolio
Crossman & Company Selected as Exclusive Leasing Agent for 10.4 Million Square Foot Publix-Owned Retail Portfolio
ORLANDO, Fla. - Crossman & Company, which ranks as one of the largest third-party retail leasing and management companies in Florida, has been named the exclusive leasing representatives for all Publix-owned retail properties in Florida, Georgia, Alabama, Tennessee and South Carolina.
John Crossman, president of Crossman & Company, said the portfolio of retail properties includes more than 10.4 million square feet of retail space, including six centers in Central Florida totaling about 300,000 square feet. “This is the most prestigious portfolio in the Southeast and we are thrilled to be working on it,” stated Crossman.
Crossman & Company will be responsible for leasing small-shop space within Publix-owned shopping centers, leasing outparcels, and all subleasing or lease disposition of former Publix locations in the portfolio of properties, according to Crossman.
Altogether, Lakeland-based Publix Super Markets, Inc. operates more than 1,000 stores in five southeastern states, said Crossman.
One of the largest grocery retailers in the U.S., Publix owns more than 100 stores and retail centers, Crossman said.
“Publix-anchored, Publix-owned shopping centers are the best and most desirable locations for tenants in today’s market,” Crossman added.
About Crossman & Company:
Crossman & Company is one of the largest third-party retail leasing and management companies in Florida with over 16 million square feet under leasing and/or management. Founded in Orlando in 1990, Crossman & Company is a full service commercial real estate firm that advises its clients in leasing, management, development and investment sales of retail and office properties and serves clients including Publix Super Markets, Inc., Lake Nona, PREIT, and LaSalle Investment Management. Please visit www.crossmanco.com, or call 407-423-5400 for more information.
For more information, contact:
John Crossman CCIM, President, Crossman & Company, 407-581-6218; jcrossman@crossmanco.com
Justin Greider, Senior Associate, Crossman & Company 407-581-6225; jgreider@crossmanco.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142
ORLANDO, Fla. - Crossman & Company, which ranks as one of the largest third-party retail leasing and management companies in Florida, has been named the exclusive leasing representatives for all Publix-owned retail properties in Florida, Georgia, Alabama, Tennessee and South Carolina.
John Crossman, president of Crossman & Company, said the portfolio of retail properties includes more than 10.4 million square feet of retail space, including six centers in Central Florida totaling about 300,000 square feet. “This is the most prestigious portfolio in the Southeast and we are thrilled to be working on it,” stated Crossman.
Crossman & Company will be responsible for leasing small-shop space within Publix-owned shopping centers, leasing outparcels, and all subleasing or lease disposition of former Publix locations in the portfolio of properties, according to Crossman.
Altogether, Lakeland-based Publix Super Markets, Inc. operates more than 1,000 stores in five southeastern states, said Crossman.
One of the largest grocery retailers in the U.S., Publix owns more than 100 stores and retail centers, Crossman said.
“Publix-anchored, Publix-owned shopping centers are the best and most desirable locations for tenants in today’s market,” Crossman added.
About Crossman & Company:
Crossman & Company is one of the largest third-party retail leasing and management companies in Florida with over 16 million square feet under leasing and/or management. Founded in Orlando in 1990, Crossman & Company is a full service commercial real estate firm that advises its clients in leasing, management, development and investment sales of retail and office properties and serves clients including Publix Super Markets, Inc., Lake Nona, PREIT, and LaSalle Investment Management. Please visit www.crossmanco.com, or call 407-423-5400 for more information.
For more information, contact:
John Crossman CCIM, President, Crossman & Company, 407-581-6218; jcrossman@crossmanco.com
Justin Greider, Senior Associate, Crossman & Company 407-581-6225; jgreider@crossmanco.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142
Friday, July 10, 2009
NAI Realvest negotiates long term lease for Plato’s Closet at Volusia Point Shopping Center in Daytona Beach
NAI Realvest negotiates long term lease for Plato’s Closet at Volusia Point Shopping Center in Daytona Beach
ORLANDO, Fla. – Mez Birdie, CCIM, director of retail services at NAI Realvest, recently negotiated a long-term lease of 3,682 square feet of retail space in the Volusia Point Shopping Center at 504 International Speedway Blvd. in Daytona Beach.
Birdie represented the new tenant, Plato’s Closet, a clothing franchisee, which deals in children, teen and young adult gently-used apparel.
Beechwood, Ohio-based American Industrial Properties is the landlord at Volusia Point.
For more information, contact:
Mez Birdie CCIM, Director of Retail Services, NAI Realvest 407-875-9989 mbirdie@realvest.com;
Patrick Mahoney, President NAI Realvest, 407-875-9989 pmahoney@realvest.com;
Beth Payan or Larry Vershel, LV Communications, 407-644-4142 lversehlco@aol.com
About NAI Realvest:
NAI Realvest, covering 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 325 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.
ORLANDO, Fla. – Mez Birdie, CCIM, director of retail services at NAI Realvest, recently negotiated a long-term lease of 3,682 square feet of retail space in the Volusia Point Shopping Center at 504 International Speedway Blvd. in Daytona Beach.
Birdie represented the new tenant, Plato’s Closet, a clothing franchisee, which deals in children, teen and young adult gently-used apparel.
Beechwood, Ohio-based American Industrial Properties is the landlord at Volusia Point.
For more information, contact:
Mez Birdie CCIM, Director of Retail Services, NAI Realvest 407-875-9989 mbirdie@realvest.com;
Patrick Mahoney, President NAI Realvest, 407-875-9989 pmahoney@realvest.com;
Beth Payan or Larry Vershel, LV Communications, 407-644-4142 lversehlco@aol.com
About NAI Realvest:
NAI Realvest, covering 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 325 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.
Thursday, May 7, 2009
Crossman & Company Closes on Retail Leases in Central Florida that total more than 13,370 Square Feet
Crossman & Company Closes on Retail Leases in Central Florida that total more than 13,370 Square Feet
ORLANDO, Fla. - Crossman & Company, one of the largest property management and leasing firms in Central Florida, recently closed seven lease agreements in Orange, Lake and Volusia Counties totaling 13,373 square feet of retail space.
John Crossman, president of firm, said Leasing Associate Daniel Germano negotiated all seven lease agreements, representing the landlords.
The Payment Fighters is a new tenant that leased 4,773 square feet in Fashion Village, 3911 E. Colonial Drive in Orlando. F.F. Fashion Village Partnership is the landlord;
Happy Harmonies renewed its lease for 1,600 square feet at 1000 Lee Rd. in the Lee Road Shopping Center in Winter Park. Lee Road Partners is the landlord.
At the Eustis Square Shopping Center in Lake County Cyberlink Group Business Solutions leased 1,600 square feet at 253 W. Ardice Ave., El Korita Restaurant renewed its lease for 1,200 square feet at 256 W. Ardice Ave., and Jackson Hewitt renewed a lease for 1,000 square feet at 224 W. Ardice. The landlord at the center is Eustis Square One.
Hair Trek renewed a long term lease of 1,600 square feet at 2431 Enterprise Rd. and Forever Formal renewed its 1,600 square feet at 870 Saxon Blvd., both at Orange City Marketplace in west Volusia where Orange City Marketplace, LLC is the landlord;
For more information please contact:
Daniel Germano, Leasing Associate, Crossman & Company, 407-423-5400 or 407-581-6223
John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com
About Crossman & Company:
Crossman & Company is one of the largest third-party retail leasing and management companies in Central Florida, based upon the total number of retail square footage. Founded in Orlando, Fla. in 1990, Crossman & Company is a full service commercial real estate firm that advises its clients in leasing, management, development and investment sales of retail and office properties. Please visit http://www.crossmanco.com/, or call 407-423-5400 for more information.
Monday, April 27, 2009
Builders, Developers Can Solicit Financial Support from Owners of Self-Directed IRAs
Builders, Developers Can Solicit Financial Support from Owners of Self-Directed IRAs
LAKE MARY, Fla. - Builders and developers who are finding it difficult to secure financing from traditional lenders can solicit owners of self-directed retirement accounts, says a leading funds administrator.
Glen Mather, president of Entrust Administrative Services, which administers more than 2,000 retirement accounts that total more than $200 million from offices in Lake Mary, Boca Raton and Jacksonville, told the Latin Builders Association in Miami recently that they should go directly to the source to seek alternative funding for worthy projects.
“It’s not just homes, it’s commercial too,” Mather told the more than 70 builders in the audience. “Builders and developers can gain access to finance through individual IRAs if they take the time to learn the correct approach,” he said.
Mather said IRAs can lend to companies, limited partnerships and individual ventures and serve as a stockholder.
Mather said one representative in the group was raising funds to finance individuals who wanted to buy mortgages.
“They are pooling resources to provide financing for distressed properties at a very low price so that individuals can acquire and remodel properties for resale or rental,” Mather said. “The IRAs would then become the lien holders---in effect, the bank---to make these transactions happen.
For more information contact:
Glen Mather, President Entrust Administrative Se
rvices, Inc. 407-367-3472 gmather@entrustfl.com;
Larry Vershel, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
Wednesday, April 15, 2009
Grubb & Ellis|Commercial Florida Negotiates New Lease at Anclote Corner Shopping Center in Tarpon Springs
Grubb & EllisCommercial Florida Negotiates New Lease at Anclote Corner Shopping Center in Tarpon Springs
TAMPA, Fla. - Grubb & EllisCommercial Florida, which is associated with 130 Grubb & Ellis offices worldwide, recently negotiated a new lease for 1,200 square feet of retail space in the Anclote Corner Shopping Center in Tarpon Springs.
Michelle Seifert associate vice president in the Retail Services Group at Grubb & EllisCommercial Florida, negotiated the transaction representing the landlord, Anclote Corner Associates of New York, NY.
The new tenant at 1963 North Pinellas Avenue is Metro Cellular, LLC a local firm.
The 51,200 square foot Anclote Corner is now 95 percent leased.
About Grubb & Ellis:
Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies. With more than 130 owned and affiliate offices worldwide, Grubb & Ellis offers property owners, corporate occupants and investors comprehensive integrated real estate solutions, including transaction, management, consulting and investment advisory services supported by proprietary market research and extensive local market expertise.
Grubb & Ellis and its subsidiaries are leading sponsors of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including tax-deferred 1031 tenant-in-common (TIC) exchanges; public non-traded real estate investment trusts (REITs) and real estate investment funds. As of September 30, 2008, more than $3.8 billion in investor equity has been raised for these investment programs. The company and its subsidiaries currently manage a growing portfolio of more than 225 million square feet of real estate. In 2007, Grubb & Ellis was selected from among 15,000 vendors as Microsoft Corporation's Vendor of the Year. For more information regarding Grubb & Ellis Company, please visit http://www.grubb-ellis.com/.
For more information about this news release, contact:
Michelle Seifert, Associate Vice President, Retail Services Group, Grubb & EllisCommercial Florida, 813-830-7537, mseifert@commercialfl.com
Jeffrey S. Sweeney, President, Grubb & EllisCommercial Florida, 407-481-5387, Jsweeney@commercialfl.com
Wednesday, April 8, 2009
Grubb & Ellis|Commercial Florida Vice President David Calcanis named ONE OF THE top TWO land brokers in 2008
Grubb & EllisCommercial Florida Vice President David Calcanis named ONE OF THE top TWO land brokers in 2008
ORLANDO, Fla. – David Calcanis, vice president of land services at Grubb & EllisCommercial Florida in Orlando, which is associated with 130 Grubb & Ellis offices worldwide, was recently named as one of the top two land sales brokers in 2008 at the “Best of the Best” awards banquet sponsored by the NAIOP’s Central Florida chapter.
Calcanis, who has been with Grubb & EllisCommercial Florida for five years, sold properties valued at more than $25 million last year.
NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial and mixed-use real estate, comprising 18,000 members in North America. For more information, visit naiop.org.
For more information, contact:
David Calcanis, Vice President Land Serivces, Grubb & EllisCommercial Florida, 407-481-5247
Jeff Sweeney, Grubb & EllisCommercial Florida, 407-481-5378, jsweeney@commercialfl.com
Larry Vershel, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com
Grubb & EllisCommercial Florida:
Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 40 brokers divided among its Orlando, Melbourne and Tampa offices to serve the entire mid-Florida marketplace.
About Grubb & Ellis:
Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies. With more than 130 owned and affiliate offices worldwide, Grubb & Ellis offers property owners, corporate occupants and investors comprehensive integrated real estate solutions, including transaction, management, consulting and investment advisory services supported by proprietary market research and extensive local market expertise.
Grubb & Ellis and its subsidiaries are leading sponsors of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including tax-deferred 1031 tenant-in-common (TIC) exchanges; public non-traded real estate investment trusts (REITs) and real estate investment funds. As of Sept. 30, 2008, more than $3.8 billion in investor equity has been raised for these investment programs. The company and its subsidiaries currently manage a growing portfolio of more than 225 million square feet of real estate. In 2007, Grubb & Ellis was selected from among 15,000 vendors as Microsoft Corporation's Vendor of the Year. For more information regarding Grubb & Ellis Company, please visit http://www.grubb-ellis.com/.
Friday, March 13, 2009
Stirling Sotheby’s International Realty sees big opportunities for “Green” homes, properties
Stirling Sotheby’s International Realty sees big opportunities for “Green” homes, properties
ORLANDO, Fla. - Stirling Sotheby’s International Realty, ranks as one of the most innovative real estate firms in Florida, and is mounting a major campaign to convince home owners to “green up” their homes for resale.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty http://www.stirlingsir.com/, said efforts to increase a home’s energy efficiency ranks as one of the most cost-effective improvements an owner can consider.
“The real estate market is changing, and especially among younger buyers, energy efficiency is a critical feature in a home,” said Soderstrom. “Cost savings is an important factor, but there’s also a moral factor---people want to live responsibly, and that means better sustainability and a smaller carbon footprint,” Soderstrom said.
Stirling Sotheby’s International Realty is partnering with several “green” firms to offer home owners advice on how to green up their homes, Soderstrom said.
“Major improvements such as solar panels or even solar hot water heaters make a big difference to many home buyers, especially younger families and European and Asian buyers,” Soderstrom said.
But even minor improvements can make for a faster sale. Energy-efficient appliances, recycling facilities, double-paned windows and solar screens can translate into more dollars at the time of sale.
And Stirling isn’t confining its new “green” advice to existing home owners.
“We are constantly advising new home builders and developers to go green,” Soderstrom said. “With the new U.S. Green Building Council’s (USGBC) architectural protocols and LEED (Leadership in Energy Efficient Design) credentials, there is no shortage of expertise in how to make homes safer, more economical and more sustainable,” Soderstrom said.
Even small measures---using durable materials manufactured efficiently with little waste product---help the environment, Soderstrom said.
For more information contact:
Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty, 407-588-1260
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142
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