ST. PETERSBURG, Fla. --- WeinPlus Real Estate Advisory Services, the St. Petersburg firm that works with commercial property owners, developers and management firms to maximize revenues and streamline development and construction practices, has launched a new web site at www.weinplusassociates.com to teach real estate professionals how to prosper in a recessionary economy.
Rachel Elias Wein, AIA, principal of WeinPlus Real Estate Advisory Services, said she designed the web site as an introduction to her professional services and a lesson plan for forward-thinking real estate professionals.
“The commercial real estate industry is recovering from the worst recession since the Great Depression,” Wein explained. “A new generation of real estate professionals---owners, developers and property managers---is emerging that recognize the need to adapt their business model to create opportunities in a new economy,” she said. “We expect to play a large role in this evolution.”
Wein, former development manager with The Sembler Company in St. Petersburg and a Senior Associate with Ernst & Young’s Construction and Real Estate Advisory Services practice in Philadelphia, earned degrees from the University of Florida: Master’s degrees in Architecture and Real Estate and a Bachelor’s degree of Design.
Her experience providing advisory services to numerous Fortune 500 companies includes more than $40 billion in real estate transactions and $2 billion in construction projects.
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For more information, contact: Rachel Elias Wein, AIA, Founder / Principal, WeinPlus, 727-386-9346, www.weinplusassociates.com; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 Lvershelco@aol.com
Showing posts with label property. Show all posts
Showing posts with label property. Show all posts
Tuesday, February 8, 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.
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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.
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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
Tuesday, July 20, 2010
Former Developer Launches Green Technology Company with eye on Important Industry Niche
APOPKA - Michael Young, who headed Pelican Bay Development’s Orlando operations and oversaw construction of the Windermere Business Center in southwest Orlando, has launched a new green technology company that could play a big role in an important industry niche and save commercial property owners millions of dollars.
American Soda Blast Company, based in Apopka, cleans and strips surfaces---from building exteriors to food service equipment to antique cars---using highly pressurized sodium bicarbonate and dry ice.
Young said his process replaces traditional sand blasting---a century-old technique that scores and gouges surfaces with pressurized sand crystals---with a kinder, gentler surface stripping process that won’t harm the underlying substrate and utilizes common, easily biodegradable materials.
“Sodium bicarbonate is one of the most common compounds found in nature, and dry ice is frozen carbon dioxide, which is what we exhale,” Young said.
Young said pressurized soda and dry ice can clean building exteriors or strip the paint from cars without harming the surfaces underneath. Scientists used the soda stripping process to restore the Statue of Liberty in the 1980s, Young said, but the stripping industry has been slow to give up its traditional sand blasting process.
“Sand blasting has always been the benchmark even though everyone knows it pits and scores the surface underneath,” Young said.
Young said American Soda Blast Company processes have a wide range of applications, from restoring the surfaces of technology equipment to stripping paint or molds from building exteriors.
“This process removes every bit of mold, paint or finish without harming the environment or the surface underneath,” Young said. “Weighed against chemical strippers, it is far safer and less toxic, and it is far less harmful to the object surface than sand blasting,” Young said.
Young said he expects first-year revenues to exceed projections.
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For more information, contact: Michael Young, American Soda Blast Co. Apopka, Florida; 407-931-6191; Michael@americansodablast.com
American Soda Blast Company, based in Apopka, cleans and strips surfaces---from building exteriors to food service equipment to antique cars---using highly pressurized sodium bicarbonate and dry ice.
Young said his process replaces traditional sand blasting---a century-old technique that scores and gouges surfaces with pressurized sand crystals---with a kinder, gentler surface stripping process that won’t harm the underlying substrate and utilizes common, easily biodegradable materials.
“Sodium bicarbonate is one of the most common compounds found in nature, and dry ice is frozen carbon dioxide, which is what we exhale,” Young said.
Young said pressurized soda and dry ice can clean building exteriors or strip the paint from cars without harming the surfaces underneath. Scientists used the soda stripping process to restore the Statue of Liberty in the 1980s, Young said, but the stripping industry has been slow to give up its traditional sand blasting process.
“Sand blasting has always been the benchmark even though everyone knows it pits and scores the surface underneath,” Young said.
Young said American Soda Blast Company processes have a wide range of applications, from restoring the surfaces of technology equipment to stripping paint or molds from building exteriors.
“This process removes every bit of mold, paint or finish without harming the environment or the surface underneath,” Young said. “Weighed against chemical strippers, it is far safer and less toxic, and it is far less harmful to the object surface than sand blasting,” Young said.
Young said he expects first-year revenues to exceed projections.
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For more information, contact: Michael Young, American Soda Blast Co. Apopka, Florida; 407-931-6191; Michael@americansodablast.com
Wednesday, July 7, 2010
Melrose-Sovereign Awarded Contract to Manage Summer Lakes at MetroWest in Southwest Orlando
ORLANDO - Melrose-Sovereign Companies, which ranks as one of Florida’s fastest-growing community management firms, was recently awarded a contract to manage Summer Lakes located off Old Winter Garden and Edgewood Ranch Roads in MetroWest.
Jack Hanson, co-founder and partner at Melrose-Sovereign Companies, said Summer Lakes includes 96 single-family homes. The community has a lake with boat ramp, tennis court and tot lot.
Melrose Sovereign Companies specializes in the management of home owner associations and condominium associations.
Headquartered in Orlando, Melrose-Sovereign Companies has eight offices throughout the state including an office recently opened in Daytona Beach.
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For more information contact: Ellen G. Lumpkin, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, elumpkin@melrose-sovereign.com; Jack B. Hanson, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, jhanson@melrose-sovereign.com; Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, Lvershelco@aol.com
Jack Hanson, co-founder and partner at Melrose-Sovereign Companies, said Summer Lakes includes 96 single-family homes. The community has a lake with boat ramp, tennis court and tot lot.
Melrose Sovereign Companies specializes in the management of home owner associations and condominium associations.
Headquartered in Orlando, Melrose-Sovereign Companies has eight offices throughout the state including an office recently opened in Daytona Beach.
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For more information contact: Ellen G. Lumpkin, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, elumpkin@melrose-sovereign.com; Jack B. Hanson, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, jhanson@melrose-sovereign.com; Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, Lvershelco@aol.com
Grubb & Ellis|Commercial Florida’s Fleet of Green Electric Carts to Chauffeur Tenants to Commercial Property Sites
ORLANDO - Grubb & EllisCommercial Florida has enlisted a fleet of electric carts by O-cart to reduce fuel consumption while chauffeuring prospective tenants through its portfolio of office, warehouse and retail properties in Orlando, Melbourne and Tampa.
Jeff Sweeney, SIOR, president and Anne Deason Spencer, vice president of the office group at Grubb & EllisCommercial Florida, said they made arrangements to lease the fleet of electric O-carts as a way to reduce the company’s fuel costs and conserve energy.
“We think every American has an obligation to look for ways to conserve energy resources and this is one small way we can play a role in that effort as a corporation,” Spencer said.
“Most of our clients and most of our landlords want to play an active role in energy conservation. It’s an important duty, and it’s also a sensible business decision,” Sweeney said.
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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 Company: 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 100 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 its investment subsidiaries, 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), mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.
Jeff Sweeney, SIOR, president and Anne Deason Spencer, vice president of the office group at Grubb & EllisCommercial Florida, said they made arrangements to lease the fleet of electric O-carts as a way to reduce the company’s fuel costs and conserve energy.
“We think every American has an obligation to look for ways to conserve energy resources and this is one small way we can play a role in that effort as a corporation,” Spencer said.
“Most of our clients and most of our landlords want to play an active role in energy conservation. It’s an important duty, and it’s also a sensible business decision,” Sweeney said.
* * *
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 Company: 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 100 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 its investment subsidiaries, 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), mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.
Friday, June 25, 2010
Grubb & Ellis|Commercial Florida appoints Natalie Feldman Senior Associate to focus on Distressed Properties, Multifamily and Land
TAMPA - Grubb & EllisCommercial Florida has appointed Natalie T. Feldman, CCIM, CIPS, as a senior associate in the firm’s Tampa office. She will focus on distressed properties, multifamily assets and land sales.
Feldman previously handled receivership services for the RTC including 13 consolidated portfolios through BEI/Ritz, and served as the director of marketing for RealPage, Inc., a national provider of apartment technology services. Additionally, she was a principal with the commercial services firm of Eisner, Feldman & Grant Inc. in Clearwater, Florida.
“Natalie is a highly experienced commercial property specialist and we expect her to play a big role in our growth in the Tampa Bay region,” said Mia Jarrell, managing director for Grubb & EllisCommercial Florida’s Tampa office.
Feldman graduated from the University of Texas in Austin and has 26 years of experience in commercial real estate.
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 30 brokers divided among its Tampa, Orlando and Melbourne offices which 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 in the world. Our 6,500 professionals in more than 100 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 its investment subsidiaries, 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), mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.
Feldman previously handled receivership services for the RTC including 13 consolidated portfolios through BEI/Ritz, and served as the director of marketing for RealPage, Inc., a national provider of apartment technology services. Additionally, she was a principal with the commercial services firm of Eisner, Feldman & Grant Inc. in Clearwater, Florida.
“Natalie is a highly experienced commercial property specialist and we expect her to play a big role in our growth in the Tampa Bay region,” said Mia Jarrell, managing director for Grubb & EllisCommercial Florida’s Tampa office.
Feldman graduated from the University of Texas in Austin and has 26 years of experience in commercial real estate.
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 30 brokers divided among its Tampa, Orlando and Melbourne offices which 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 in the world. Our 6,500 professionals in more than 100 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 its investment subsidiaries, 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), mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.
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.
Tuesday, April 13, 2010
NAI Realvest Appoints Robert A. Boyd, CSM, Senior Vice President for CommerCenters, LLC and NAI Realvest
MAITLAND - NAI Realvest and its real estate development affiliate Florida CommerCenters have appointed Robert A. Boyd senior vice president for both CommerCenters, LLC and NAI Realvest.
George Livingston, chairman emeritus of NAI Realvest and CommerCenters, LLC, said Boyd earned his MBA Degree from Stanford University and has more than 30 years of experience in commercial property development, asset management and investment sales.
Throughout his career, Boyd has held senior level positions in the USA and Middle East, where he specialized in many areas of business and real estate including investment analysis, investment advisory services, acquisitions, asset management, business development, sales and marketing.
Most recently Boyd was president of Florida Arabco & International Solutions Collaborative and responsible for the site selection, acquisitions, design and development, management, leasing and sales of shopping centers, office towers and master planned communities. Some of his clients have included CNL, Houston Pavilions, Emmitt Smith, Hines Interests, Hollywood Center Studios, Winter Park Mall/Village, Fields Automotive Group, Saudi Economic Development Company and Simon Properties.
“Bob Boyd is a highly experienced Real Estate and Investment executive and we are pleased to have Bob rejoin our management team. He will play an important role in our continued growth and have responsibility for international Business Development and Investment Advisory Services,” Livingston said.
NAI Realvest is a commercial real estate brokerage company whose core business includes land, retail, office, industrial and multifamily properties. Florida CommerCenters develops industrial warehouses, distribution centers and flex-space throughout Central Florida.
For more information, contact:
George Livingston, Chairman Emeritus, NAI Realvest 407-875-9989 glivingston@realvest.com;
Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 lvershelco@aol.com
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 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 http://www.nairealvest.com/.
About CommerCenters, LLC:
CommerCenters, LLC and its subsidiary, Realvest Development, LLC are involved in all aspects of speculative and build-to-suit commercial real estate investment and development from acquisition, planning, design, permitting, and construction through sale or lease. Over the past decade, CommerCenters and its development partners have developed over 1,500,000 square feet of industrial and office space in the Central Florida area. To learn more, visit http://www.commercenters.com/.
Tuesday, March 23, 2010
NAI Realvest Forms Central Florida Commercial Property Investment Services Group
MAITLAND - NAI Realvest, which ranks as one of Central Florida’s largest commercial property companies, has formed a Commercial Property Investment Services Group to serve investors and property owners throughout the Central Florida region.
George Livingston, chairman of NAI Realvest, said the NAI Realvest Investment Services Group will cover all property types from retail and office to hospitality, industrial and multi-family apartments.
Livingston and NAI Realvest principal Christie Alexander specialize in industrial properties, Livingston said.
Mez R. Birdie, CCIM, CPM, SCSM, director of retail and investment services at NAI Realvest, will head the Investment Services Group’s retail division, Livingston said.
Thomas E. Hankins, CCIM, SIOR, will head the Investment Services Group’s office division.
Paul Vera, AIA, a development and investment analyst at NAI Realvest, will head the Investment Services Group’s apartment division.
Livingston explained that the market for commercial investment properties is growing as a result of the real estate downturn.
“Property values have declined and some property owners have already put distressed commercial properties on the market,” Livingston said. “Those dynamics are bringing investors back into the market in bigger numbers,” he said.
For more information, contact: George Livingston, Chairman Emeritus, NAI Realvest 407-875-9989 glivingston@realvest.com
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 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.
George Livingston, chairman of NAI Realvest, said the NAI Realvest Investment Services Group will cover all property types from retail and office to hospitality, industrial and multi-family apartments.
Livingston and NAI Realvest principal Christie Alexander specialize in industrial properties, Livingston said.
Mez R. Birdie, CCIM, CPM, SCSM, director of retail and investment services at NAI Realvest, will head the Investment Services Group’s retail division, Livingston said.
Thomas E. Hankins, CCIM, SIOR, will head the Investment Services Group’s office division.
Paul Vera, AIA, a development and investment analyst at NAI Realvest, will head the Investment Services Group’s apartment division.
Livingston explained that the market for commercial investment properties is growing as a result of the real estate downturn.
“Property values have declined and some property owners have already put distressed commercial properties on the market,” Livingston said. “Those dynamics are bringing investors back into the market in bigger numbers,” he said.
For more information, contact: George Livingston, Chairman Emeritus, NAI Realvest 407-875-9989 glivingston@realvest.com
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 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.
Monday, March 22, 2010
NAI Global forms U.S. Investment Services Group led by NAI Realvest in Maitland
MAITLAND – NAI Global has formed an Investment Services Group to provide expert investment property service to institutional and private commercial real estate sellers and buyers. Twelve senior investment brokers have been designated as Directors. The Directors will have regional and property type responsibilities.
George Livingston, chairman emeritus of NAI Realvest in Maitland and one of the Directors, said NAI Global Investment Services Group offers investors tremendous expertise and reach in marketing and acquisitions of office, industrial, retail, hospitality and multi-family properties.
“This founders group will be expanded on a select basis to ensure coverage of every major market in the country.
“We will have the whole country covered with local, highly knowledgeable experts,” Livingston said. We will be backed by the national and international depth of the NAI Global net system.
NAI Global is the world’s largest commercial property network with offices in 47 states in the U.S. and in 55 countries.
For more information, contact: George Livingston, Chairman Emeritus, NAI Realvest 407-875-9989 glivingston@realvest.com
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 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.
George Livingston, chairman emeritus of NAI Realvest in Maitland and one of the Directors, said NAI Global Investment Services Group offers investors tremendous expertise and reach in marketing and acquisitions of office, industrial, retail, hospitality and multi-family properties.
“This founders group will be expanded on a select basis to ensure coverage of every major market in the country.
“We will have the whole country covered with local, highly knowledgeable experts,” Livingston said. We will be backed by the national and international depth of the NAI Global net system.
NAI Global is the world’s largest commercial property network with offices in 47 states in the U.S. and in 55 countries.
For more information, contact: George Livingston, Chairman Emeritus, NAI Realvest 407-875-9989 glivingston@realvest.com
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 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.
Tuesday, March 16, 2010
Three Executives at Grubb & Ellis|Commercial Florida among Top Three Producers in Central Florida
ORLANDO - The Central Florida Chapter of the National Association of Office and Industrial Properties---NAIOP---recently named three executives at Grubb & EllisCommercial Florida among the top three commercial property brokers in the region.
Jeff Sweeney, SIOR, president of Grubb & EllisCommercial Florida in Orlando, Tampa and Melbourne, said associates Joe Rossi and Bret Felberg ranked among the region’s top three Investment brokers in 2009. Both executives posted sales of Investment properties that totaled more than $25 million.
Rossi joined Grubb & EllisCommercial Florida seven years ago. Felberg is a five-year veteran of the firm.
David Calcanis, who joined Grubb & EllisCommercial Florida six years ago, ranked among the region’s top three land brokers with sales that totaled approximately $15 million.
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 in Orlando, Tampa and Melbourne, said associates Joe Rossi and Bret Felberg ranked among the region’s top three Investment brokers in 2009. Both executives posted sales of Investment properties that totaled more than $25 million.
Rossi joined Grubb & EllisCommercial Florida seven years ago. Felberg is a five-year veteran of the firm.
David Calcanis, who joined Grubb & EllisCommercial Florida six years ago, ranked among the region’s top three land brokers with sales that totaled approximately $15 million.
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.
Mercantile Capital Corporation Reports Two Commercial Loans in February worth More Than $8.3 Million
ALTAMONTE SPRINGS - Mercantile Capital Corp., which ranks as one of the nation’s largest providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reports it closed on two commercial property loans in February that totaled over $8.3 million on total project costs.
Christopher Hurn, chief executive officer of Mercantile Capital Corporation, said January’s total project costs of over $11.5 million marked the firm’s largest single month in two years, with the totals of February not far behind.
Hurn said the largest loan in February paid for a nearly $7.6 million Hampton Inn & Suites in Port Arthur, Texas.
* * *
For more information about this press release, contact:
Chris Hurn, CEO Mercantile Capital Corporation, 407-786-5040; churn@mercantilecc.com; Geof Longstaff, Chairman, Mercantile Capital Corporation, 407-786-5040; glongstaff@mercantilecc.com
Christopher Hurn, chief executive officer of Mercantile Capital Corporation, said January’s total project costs of over $11.5 million marked the firm’s largest single month in two years, with the totals of February not far behind.
Hurn said the largest loan in February paid for a nearly $7.6 million Hampton Inn & Suites in Port Arthur, Texas.
* * *
For more information about this press release, contact:
Chris Hurn, CEO Mercantile Capital Corporation, 407-786-5040; churn@mercantilecc.com; Geof Longstaff, Chairman, Mercantile Capital Corporation, 407-786-5040; glongstaff@mercantilecc.com
Tuesday, February 23, 2010
Hands-On Management, Custom Solutions and Quick Response Are Winning Strategies for Melrose-Sovereign
ORLANDO - With vacancies at rental apartment communities in Florida at an all-time high, Melrose-Sovereign, based in Orlando, is establishing itself as one of the state’s fastest-growing community management firms with a strategy that includes hands-on property management, custom solutions and quick response to fast-changing issues. The result–higher occupancies.
Rebecca Shaffrey, recently named Vice President of Property Management at Melrose- Sovereign’s Multi-Family Division, said the firm values its standing as a boutique management company.
“Boutique management companies have less overhead, so we can charge less for our services,” Shaffrey said. “We have fewer management layers, so we can respond quickly to market conditions and design custom solutions that produce results,” she added.
Shaffrey said record vacancies are a result of a non-traditional housing market.
“In the past, condominiums competed with new single-family homes for buyers,” Shaffrey said.
“The huge wave of condo conversions five years ago resulted in thousands of investor-owned condominiums in the market that are now competing with rental communities for the same renters,” Shaffrey explained.
“Traditional apartment management companies are having trouble keeping up with current market conditions,” Shaffrey said. “Companies that rely on their traditional business models can’t compete in this fast-evolving, non-linear environment. No two communities are alike and therefore, each needs a specific strategy if rents and occupancies are to remain high. We are able to respond quickly, identifying and implementing unique strategies for finding new renters and keeping the ones we have. This requires your most talented, well-trained and highly motivated management people on the ground, and in the rental office every day,” Shaffrey said.
For more information, contact: Rebecca Shaffrey, Vice President of Property Management, Melrose-Sovereign, 407-228-4181; rshaffrey@melrose-sovereign.com; Jack B. Hanson, LCAM, Partner/Co-founder, Melrose-Sovereign, 407-228-4181, jhanson@melrose-sovereign.com or Ellen G. Lumpkin, LCAM, Partner/Co-founder, Melrose-Sovereign, 407-228-4181, elumpkin@melrose-sovereign.com
Rebecca Shaffrey, recently named Vice President of Property Management at Melrose- Sovereign’s Multi-Family Division, said the firm values its standing as a boutique management company.
“Boutique management companies have less overhead, so we can charge less for our services,” Shaffrey said. “We have fewer management layers, so we can respond quickly to market conditions and design custom solutions that produce results,” she added.
Shaffrey said record vacancies are a result of a non-traditional housing market.
“In the past, condominiums competed with new single-family homes for buyers,” Shaffrey said.
“The huge wave of condo conversions five years ago resulted in thousands of investor-owned condominiums in the market that are now competing with rental communities for the same renters,” Shaffrey explained.
“Traditional apartment management companies are having trouble keeping up with current market conditions,” Shaffrey said. “Companies that rely on their traditional business models can’t compete in this fast-evolving, non-linear environment. No two communities are alike and therefore, each needs a specific strategy if rents and occupancies are to remain high. We are able to respond quickly, identifying and implementing unique strategies for finding new renters and keeping the ones we have. This requires your most talented, well-trained and highly motivated management people on the ground, and in the rental office every day,” Shaffrey said.
For more information, contact: Rebecca Shaffrey, Vice President of Property Management, Melrose-Sovereign, 407-228-4181; rshaffrey@melrose-sovereign.com; Jack B. Hanson, LCAM, Partner/Co-founder, Melrose-Sovereign, 407-228-4181, jhanson@melrose-sovereign.com or Ellen G. Lumpkin, LCAM, Partner/Co-founder, Melrose-Sovereign, 407-228-4181, elumpkin@melrose-sovereign.com
Thursday, February 11, 2010
Stirling Sotheby’s International Realty Appoints Former FDIC Director as Luxury Property Associate
ORLANDO - Stirling Sotheby’s International Realty has appointed former FDIC director John Carter an associate in its downtown Orlando World Marketing Center.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said Carter retired last year as director of the San Francisco office of the Federal Deposit Insurance Corp. and has more than 35 years of experience with the agency.
Soderstrom said Carter is a licensed Florida Realtor and Certified Short Sale Specialist. The Washington native earned his B.S. Degree in Business Administration from Northeastern University in Boston and a graduate degree from the Stonier Graduate School of Banking at Rutgers University.
Soderstrom said Carter will represent executive and upper tier luxury properties throughout the Central Florida area and will also be heavily involved with Stirling Sotheby’s International Realty’s exclusive Workout Team, providing solutions to assist lenders, community developers and home builders market their properties.
For more information contact: Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890
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 three performance zones which serve all of Central Florida. Visit http://www.stirlingsir.com/.
Wednesday, February 10, 2010
Top Commercial Real Estate Executive Warns of Commercial Property Foreclosures at Tampa Distressed Property Summit
ORLANDO - The nationwide economic downturn will result in an increase in commercial real estate foreclosures this year, one of the region’s top commercial property executives told a Tampa real estate summit recently.
Jeff Sweeney, SIOR, president of Grubb & EllisCommercial Florida, with offices in Tampa, Orlando and Melbourne, moderated a panel discussion at the Tampa Distressed Real Estate Summit.
The Tampa Distressed Real Estate Summit was sponsored by the Real Estate Communications Group.
“Commercial property owners are facing some of the same sorts of financial challenges that home owners have been facing and the result is a substantial increase in the volume of distressed properties throughout Florida,” Sweeney told the group.
“Property owners who are losing tenants or granting concessions in order to keep their buildings filled are having difficulty making payments on their commercial property loans, and that adds tremendous pressure to banks,” Sweeney said.
Sweeney’s panel focused on adding value to distressed assets.
Ray Hayhurst, an associate at Grubb & EllisCommercial Florida, and Don Lombardi, who heads Commercial Florida Advisors, an affiliate of Grubb & EllisCommercial Florida in Tampa, also moderated panel discussions on evaluating commercial properties and partially completed construction projects.
Sweeney predicts that Grubb & EllisCommercial Florida will see a 30 percent increase in 2010 distressed commercial property sales over 2009 levels, as a result of the economic downturn.
* * *
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 40 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.
CONTACT: Jeff Sweeney, SIOR 407-481-5387, 315 E. Robinson St. Suite 555, Orlando, FL 32801, www.commercialfl.com
Jeff Sweeney, SIOR, president of Grubb & EllisCommercial Florida, with offices in Tampa, Orlando and Melbourne, moderated a panel discussion at the Tampa Distressed Real Estate Summit.
The Tampa Distressed Real Estate Summit was sponsored by the Real Estate Communications Group.
“Commercial property owners are facing some of the same sorts of financial challenges that home owners have been facing and the result is a substantial increase in the volume of distressed properties throughout Florida,” Sweeney told the group.
“Property owners who are losing tenants or granting concessions in order to keep their buildings filled are having difficulty making payments on their commercial property loans, and that adds tremendous pressure to banks,” Sweeney said.
Sweeney’s panel focused on adding value to distressed assets.
Ray Hayhurst, an associate at Grubb & EllisCommercial Florida, and Don Lombardi, who heads Commercial Florida Advisors, an affiliate of Grubb & EllisCommercial Florida in Tampa, also moderated panel discussions on evaluating commercial properties and partially completed construction projects.
Sweeney predicts that Grubb & EllisCommercial Florida will see a 30 percent increase in 2010 distressed commercial property sales over 2009 levels, as a result of the economic downturn.
* * *
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 40 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.
CONTACT: Jeff Sweeney, SIOR 407-481-5387, 315 E. Robinson St. Suite 555, Orlando, FL 32801, www.commercialfl.com
Friday, February 5, 2010
Melrose Sovereign Companies’ Hands-On Management Style Nets 10 Percent Annual Revenue Growth despite Recession
ORLANDO- Melrose-Sovereign Companies, the Orlando firm that ranks as one of Florida’s largest community and condominium association management companies with offices statewide and more than 80 employees, reports 10 percent growth in revenues since its merger two years ago despite a recession that has hit the real estate industry particularly hard.
The company currently manages more than 170 condominium and community associations statewide with 2,500 individual homes.
Jack Hanson, LCAM, co-founder and partner at Melrose-Sovereign Companies, said revenues grew from $4 million in 2008 to more than $4.5 million in 2009. Revenues in 2010 should surpass the $5 million mark, Hanson said.
Hanson said the firm’s success can be attributed to a personal, hands-on management style.
Hanson and co-founder and partner Ellen Lumpkin, LCAM, are personally involved in the management of every community and condominium association statewide.
“We personally visit every community from Jacksonville to Fort Myers to Fort Lauderdale, and we play a daily hands-on role in the management of each association,” Hanson said.
Lumpkin said the firm’s ‘boutique’ management style is one of its most powerful resources.
“In this economy, every client is looking for authentic value,” Lumpkin said. “They want to talk with someone who can show them some results today,” Lumpkin explained.
That means a lot of statewide travel. Lumpkin estimates she’s on the road about half the time.
“We’ve tried to infuse our whole company with a fanatical attention to detail and follow-through,” Hanson said.
“The difference between a balloon economy and a real economy is real people responding with real results day-in and day-out consistently,” Hanson said.
Melrose-Sovereign Companies, formed in 2008 with the merger of Melrose Management Group and Sovereign Residential Services in Orlando, employs more than 80 professionals in offices throughout Florida, including Jacksonville, Orlando, Tampa, Palm Harbor, Bradenton/Sarasota, Port Charlotte, Fort Myers and plans to open a Daytona Beach office this year, Hanson said.
For more information, contact: Jack B. Hanson, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, jhanson@melrose-sovereign.com; Ellen G. Lumpkin, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, elumpkin@melrose-sovereign.com
The company currently manages more than 170 condominium and community associations statewide with 2,500 individual homes.
Jack Hanson, LCAM, co-founder and partner at Melrose-Sovereign Companies, said revenues grew from $4 million in 2008 to more than $4.5 million in 2009. Revenues in 2010 should surpass the $5 million mark, Hanson said.
Hanson said the firm’s success can be attributed to a personal, hands-on management style.
Hanson and co-founder and partner Ellen Lumpkin, LCAM, are personally involved in the management of every community and condominium association statewide.
“We personally visit every community from Jacksonville to Fort Myers to Fort Lauderdale, and we play a daily hands-on role in the management of each association,” Hanson said.
Lumpkin said the firm’s ‘boutique’ management style is one of its most powerful resources.
“In this economy, every client is looking for authentic value,” Lumpkin said. “They want to talk with someone who can show them some results today,” Lumpkin explained.
That means a lot of statewide travel. Lumpkin estimates she’s on the road about half the time.
“We’ve tried to infuse our whole company with a fanatical attention to detail and follow-through,” Hanson said.
“The difference between a balloon economy and a real economy is real people responding with real results day-in and day-out consistently,” Hanson said.
Melrose-Sovereign Companies, formed in 2008 with the merger of Melrose Management Group and Sovereign Residential Services in Orlando, employs more than 80 professionals in offices throughout Florida, including Jacksonville, Orlando, Tampa, Palm Harbor, Bradenton/Sarasota, Port Charlotte, Fort Myers and plans to open a Daytona Beach office this year, Hanson said.
For more information, contact: Jack B. Hanson, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, jhanson@melrose-sovereign.com; Ellen G. Lumpkin, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, elumpkin@melrose-sovereign.com
Monday, February 1, 2010
Melrose-Sovereign Appoints Rebecca Shaffrey Vice President of Property Management in Multi-Family Division
ORLANDO - Melrose-Sovereign Companies, which ranks as one of the largest community management companies in Florida, recently appointed Rebecca Shaffrey vice president of property management for the firm’s multi-family division.
Ellen Lumpkin, LCAM, co-founder and partner at the firm with Jack Hanson, said Shaffrey has more than 20 years of experience in property management. She earned her B.A. Degree from St. Andrews Presbyterian College in Laurinburg, N.C., and completed graduate studies at Virginia Commonwealth University in Richmond, Va.
Melrose-Sovereign Companies manages properties for more than 170 developers, investors and owners throughout Florida. The firm now has eight offices throughout the state.
* * *
For more information contact:
Jack B. Hanson, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, jhanson@melrose-sovereign.com;
Ellen G. Lumpkin, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, elumpkin@melrose-sovereign.com
Ellen Lumpkin, LCAM, co-founder and partner at the firm with Jack Hanson, said Shaffrey has more than 20 years of experience in property management. She earned her B.A. Degree from St. Andrews Presbyterian College in Laurinburg, N.C., and completed graduate studies at Virginia Commonwealth University in Richmond, Va.
Melrose-Sovereign Companies manages properties for more than 170 developers, investors and owners throughout Florida. The firm now has eight offices throughout the state.
* * *
For more information contact:
Jack B. Hanson, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, jhanson@melrose-sovereign.com;
Ellen G. Lumpkin, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, elumpkin@melrose-sovereign.com
Commercial Florida Advisors Affiliated with Grubb & Ellis|Commercial Florida, Appoints Appraiser John Beil
TAMPA - Commercial Florida Advisors, an advisory firm which is affiliated with Grubb & EllisCommercial Florida, and 130 Grubb & Ellis offices worldwide, recently named John Beil its commercial property appraiser.
Don Lombardi, ALC, vice president who heads Commercial Florida Advisors, based in Tampa with offices in Orlando and Melbourne, said Beil is a Florida certified commercial property appraiser who has more than 10 years of experience in appraising. Beil is a graduate of the University of Baltimore Merrick School of Business and has an extensive background in sales and property management.
* * *
About Commercial Florida Advisors:
Commercial Florida Advisors (CFA) provides business advisory services to companies that own, operate or manage multi-tenant commercial real estate. Services offered include Property Tax Advisory Services, Appraisal and Acquisition Diligence Coordination. Financial Instrument Transactions and Cost Segregation services are planned for the near future.
Contacts:
Don Lombardi, ALC Vice President Ext. 226
Jeff Sweeney SIOR President 407-481-5387
Friday, December 11, 2009
Grubb & Ellis|Commercial Florida Negotiates $250,000 Sale Price for Retail Building in Melbourne Beach
MELBOURNE, Fla. --- Grubb & EllisCommercial Florida, associated with 130 offices worldwide, recently negotiated the sale of a 3,470 square foot retail building at 317 Ocean Ave. in Melbourne Beach for $250,000.00.
Cheryl Harrington, vice president of retail development for Grubb & EllisCommercial Florida in the Melbourne region, negotiated the transaction representing the seller, Nueva Guinea S.A. of San Jose, Costa Rica.
Laura Dowling-Roy of Melbourne bought the property that includes 1,920 square feet of space built in 1964 and another 1,550 square feet of newer, partially finished space.
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:
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 its investment subsidiaries, 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, mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.
Cheryl Harrington, 2108 W. New Haven Avenue West Melbourne, FL 32904 321.984.1957
Cheryl Harrington, vice president of retail development for Grubb & EllisCommercial Florida in the Melbourne region, negotiated the transaction representing the seller, Nueva Guinea S.A. of San Jose, Costa Rica.
Laura Dowling-Roy of Melbourne bought the property that includes 1,920 square feet of space built in 1964 and another 1,550 square feet of newer, partially finished space.
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:
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 its investment subsidiaries, 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, mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.
Cheryl Harrington, 2108 W. New Haven Avenue West Melbourne, FL 32904 321.984.1957
Wednesday, December 9, 2009
Melrose Sovereign Companies Named by Hampton Hills Town Homes in Lakeland as its Management Agency
ORLANDO, Fla. --- Melrose-Sovereign Companies, the Orlando-based property and asset management firm that ranks as one of the largest and most active in Florida, was recently named community management agency for Hampton Hills Town Homes, a Maronda Homes community located at 3803 Hamstead Ln. in Lakeland south of Sleepy Hill Rd. near Mall Hill Rd. off I-4 at U.S. 98.
Robin Travers, director of business development for Melrose-Sovereign Companies, said Hampton Hills Town Home community includes 224 town homes priced from the $100s.
Melrose-Sovereign Companies manages properties for more than 170 developers, investors and owners throughout Florida. The firm now has eight offices throughout the state.
* * *
For more information contact:
Jack B. Hanson, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, jhanson@melrose-sovereign.com
Ellen G. Lumpkin, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, elumpkin@melrose-sovereign.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, Lvershelco@aol.com
Robin Travers, director of business development for Melrose-Sovereign Companies, said Hampton Hills Town Home community includes 224 town homes priced from the $100s.
Melrose-Sovereign Companies manages properties for more than 170 developers, investors and owners throughout Florida. The firm now has eight offices throughout the state.
* * *
For more information contact:
Jack B. Hanson, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, jhanson@melrose-sovereign.com
Ellen G. Lumpkin, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, elumpkin@melrose-sovereign.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, Lvershelco@aol.com
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