ORLANDO, Fla. --- Crossman & Company, one of the largest third-party retail leasing and management firms in the Southeast, presented the bi-annual ICSC Spring Florida Retail Report at the ICSC West Florida Idea Exchange in Tampa recently. Crossman & Company has produced the report on behalf of ICSC for the past 15 years. The report includes contributions from over 45 separate companies throughout the state.
“We have seen a return to stability in the market in the first half of 2010,” said Justin Greider, the primary author of the report. “In nearly every market of the state we have seen the freefall of rents and occupancy leveling off, indicating we may have found the bottom of the market, though significant challenges still remain for owners and retailers alike.”
The report notes that rental rates for the entire state average $14.27 for year-end 2010, down nearly 15 percent from the peak in the first quarter of 2008. Occupancy has leveled off at 89 percent, a decrease of about 6 percent from its peak in 2006.
“The outlook for the next 6-12 months is one of cautious optimism,” Greider said, “People throughout the state are very positive, but the recovery is going to be long and slow, and there is still a lot of over-valued product that has to work its way through the system.”
* * *
For more information, contact:Justin M Greider, Vice President – Director of Leasing, Crossman & Company, ICSC Southern Division NextGen Chair, 407-581-6225John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com;Molly Delahunty, Crossman & Company, 407-581-6220 mdelahunty@crossmanco.com
Showing posts with label report. Show all posts
Showing posts with label report. Show all posts
Friday, February 25, 2011
Hendricks & Partners Reports Sales of 3,302 Apartment Units in 2010
ORLANDO - The Orlando office of Hendricks & Partners, the nation’s largest multi-family advisory and research firm, reported it negotiated sales of 10 apartment properties in 2010 that total 3,302 units in the Southeast.
Cole Whitaker, partner who heads the Orlando office of Hendricks & Partners and oversees the firm’s operations throughout the Southeast, said he and associate partner Hal Warren negotiated all 10 multi-family property sales as well as sales of three Florida development sites that total 402 acres.
Multi-family property sales included two student housing properties, Whitaker said.
“We project that transactions involving apartment properties will increase in 2011 as the economy improves,” Whitaker said.
“We don’t foresee significant new construction region-wide,” Whitaker said, “however, in certain submarkets in the southeast, it makes sense to consider new multi-family development and we expect to see some new construction,” he said.
* * *
For more information contact: Cole Whitaker, Southeast Partner, Hendricks & Partners 407-218-8880 cwhitaker@HPAPTS.com; Hal Warren, Associate Partner, Hendricks & Partners 407-218-8881 hwarren@HPAPTS.com
Cole Whitaker, partner who heads the Orlando office of Hendricks & Partners and oversees the firm’s operations throughout the Southeast, said he and associate partner Hal Warren negotiated all 10 multi-family property sales as well as sales of three Florida development sites that total 402 acres.
Multi-family property sales included two student housing properties, Whitaker said.
“We project that transactions involving apartment properties will increase in 2011 as the economy improves,” Whitaker said.
“We don’t foresee significant new construction region-wide,” Whitaker said, “however, in certain submarkets in the southeast, it makes sense to consider new multi-family development and we expect to see some new construction,” he said.
* * *
For more information contact: Cole Whitaker, Southeast Partner, Hendricks & Partners 407-218-8880 cwhitaker@HPAPTS.com; Hal Warren, Associate Partner, Hendricks & Partners 407-218-8881 hwarren@HPAPTS.com
Tuesday, February 15, 2011
Stirling Sotheby’s International Realty Releases Celebration Area Market Trends Report, Shows Home Sales Steady, Prices Lower
ORLANDO, Fla. --- Stirling Sotheby’s International Realty recently released its 2010 Celebration Area Market Trends Report, which shows a steady increase in luxury home sales and listings in 2010 over 2009 figures.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said 137 luxury homes and 73 condominiums and town homes sold in Celebration in 2010.
In 2009, 128 luxury homes and 93 condominiums and town homes sold.
Monica Nielsen (http://monicasellsflorida.com/), a resident of Celebration and International Luxury Home Specialist with Stirling Sotheby’s International Realty prepared the study, Soderstrom said.
Sixty-seven homes priced under $400,000 sold for an average of $302,000 in 2010, down from an average of $320,000 in 2009.
Seventy homes priced over $400,000 sold for an average of $613,000 in 2010, down from $662,000 in 2009.
Average sale prices for town homes and condominiums declined from $186,000 in 2009 to $163,000 in 2010.
The most expensive home in 2009 sold for $3.15 million. In 2010, the most expensive home sold for $1.853 million.
To view the Celebration Area Market Trends Report visit http://www.stirlingsir.com/eflyers/pr/02142011/celebration.html
* * *
For more information contact:Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890 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 three performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said 137 luxury homes and 73 condominiums and town homes sold in Celebration in 2010.
In 2009, 128 luxury homes and 93 condominiums and town homes sold.
Monica Nielsen (http://monicasellsflorida.com/), a resident of Celebration and International Luxury Home Specialist with Stirling Sotheby’s International Realty prepared the study, Soderstrom said.
Sixty-seven homes priced under $400,000 sold for an average of $302,000 in 2010, down from an average of $320,000 in 2009.
Seventy homes priced over $400,000 sold for an average of $613,000 in 2010, down from $662,000 in 2009.
Average sale prices for town homes and condominiums declined from $186,000 in 2009 to $163,000 in 2010.
The most expensive home in 2009 sold for $3.15 million. In 2010, the most expensive home sold for $1.853 million.
To view the Celebration Area Market Trends Report visit http://www.stirlingsir.com/eflyers/pr/02142011/celebration.html
* * *
For more information contact:Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890 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 three performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Thursday, February 10, 2011
Data Transfer Solutions Reports Revenues, Sales More Than Doubled in 2010
ORLANDO, Fla. --- Data Transfer Solutions, LLC (DTS), based in Orlando’s Avalon Park, reported sales and revenues in 2010 doubled from 2009.
A.M. “Trey” Fragala III, AICP, PMP, chief operating officer at Data Transfer Solutions, said the firm reported $5 million in new sales in 2009. Sales in 2010 topped $11 million.
Among the larger projects from 2010, DTS developed a statewide environmental management system for the Tennessee Department of Transportation, conducted a 4,800 mile assessment of the city’s pavement and other related assets for the City of Charlotte, NC and deployed a statewide cultural resource and archeological management system for the State of Utah.
Moreover in 2010, DTS outfitted a second generation of its mobile asset collection (MAC) vehicle with the latest in digital video, GPS and pavement data collection equipment. The MAC 2.0 vehicle traveled from one end of the country to the other, performing projects in Oregon, Washington, North Carolina and Florida. Currently the van is collecting data in San Antonio, Texas and will then move to Albuquerque, New Mexico.
Data Transfer Solutions now has eight offices including Orlando, San Antonio, Dallas, Nashville, Fort Collins, Colo., Washington D.C., Portland, Ore., as well as Zurich, Switzerland.
Fragala said due to some recent project awards in the southwest, the company may be looking to open another regional office later in the year in either New Mexico or Arizona.
DTS provides asset management, Geographic Information Systems (GIS), transportation planning/engineering, web design, database/software applications, and video and multi media production services to local governments and regional and state agencies throughout the U.S.
* * *
For more information, contact: A. M. “Trey” Fragala, III, AICP, PMP, Chief Operating Officer, Data Transfer Solutions, 3680 Avalon Park East Blvd., Suite 200, Orlando, FL 32828; 407-382-5222; tfragala@edats.com
A.M. “Trey” Fragala III, AICP, PMP, chief operating officer at Data Transfer Solutions, said the firm reported $5 million in new sales in 2009. Sales in 2010 topped $11 million.
Among the larger projects from 2010, DTS developed a statewide environmental management system for the Tennessee Department of Transportation, conducted a 4,800 mile assessment of the city’s pavement and other related assets for the City of Charlotte, NC and deployed a statewide cultural resource and archeological management system for the State of Utah.
Moreover in 2010, DTS outfitted a second generation of its mobile asset collection (MAC) vehicle with the latest in digital video, GPS and pavement data collection equipment. The MAC 2.0 vehicle traveled from one end of the country to the other, performing projects in Oregon, Washington, North Carolina and Florida. Currently the van is collecting data in San Antonio, Texas and will then move to Albuquerque, New Mexico.
Data Transfer Solutions now has eight offices including Orlando, San Antonio, Dallas, Nashville, Fort Collins, Colo., Washington D.C., Portland, Ore., as well as Zurich, Switzerland.
Fragala said due to some recent project awards in the southwest, the company may be looking to open another regional office later in the year in either New Mexico or Arizona.
DTS provides asset management, Geographic Information Systems (GIS), transportation planning/engineering, web design, database/software applications, and video and multi media production services to local governments and regional and state agencies throughout the U.S.
* * *
For more information, contact: A. M. “Trey” Fragala, III, AICP, PMP, Chief Operating Officer, Data Transfer Solutions, 3680 Avalon Park East Blvd., Suite 200, Orlando, FL 32828; 407-382-5222; tfragala@edats.com
Thursday, August 19, 2010
Crossman & Company Releases ICSC 2010 Florida Retail Report
ORLANDO - Crossman & Company, one of the largest third party retail leasing and management firms in the Southeast, will be presenting the bi-annual ICSC Florida Retail Report at the Keynote Presentation, Monday Aug. 23 at 1 p.m. Crossman & Company has produced the report on behalf of ICSC for the past 15 years, and includes contributions from over 75 separate companies throughout the state.
“We have seen a return to stability in the market in the first half of 2010,” stated Justin Greider, the primary author of the report. “In nearly every market of the state we have seen the freefall of rents and occupancy leveling off, indicating we may have found the bottom of the market, though significant challenges still remain for owners and retailers alike.”
The report notes that rental rates for the entire state average $16.60 for mid-year 2010, down nearly 15 percent from the peak in the first quarter of 2008. Occupancy has leveled off at just over 89 percent, a decrease of about 6 percent from its peak in 2006.
“The outlook for the next 6-12 months is one of cautious optimism,” Greider added, “People throughout the state are very positive, but the recovery is going to be long and slow, and there is still a lot of over-valued product that has to work its way through the system.”
***
To view the 2010 ICSC Florida Retail Report go to: http://crossmanco.com/assets/files/2010%20ICSC%20Florida%20Retail%20Report.pdf
* * *
For more information, contact:
Justin M Greider, Senior Associate, Crossman & Company, ICSC Southern Division NextGen Chair, 407-581-6225; John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com; Molly Delahunty, Crossman & Company, 407-581-6220 mdelahunty@crossmanco.com; Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com
About Crossman & Company: Headquartered in Orlando, Florida, Crossman & Company is a commercial real estate brokerage firm that specializes in the retail industry. Currently their portfolio under leasing and/or management exceeds 150 shopping centers throughout the Southeast US. Founded in 1990, Crossman & Company focuses solely on landlord representation and serves clients including Publix, PREIT, and GE. Please visit www.crossmanco.com, or call 407-423-5400 for more information.
“We have seen a return to stability in the market in the first half of 2010,” stated Justin Greider, the primary author of the report. “In nearly every market of the state we have seen the freefall of rents and occupancy leveling off, indicating we may have found the bottom of the market, though significant challenges still remain for owners and retailers alike.”
The report notes that rental rates for the entire state average $16.60 for mid-year 2010, down nearly 15 percent from the peak in the first quarter of 2008. Occupancy has leveled off at just over 89 percent, a decrease of about 6 percent from its peak in 2006.
“The outlook for the next 6-12 months is one of cautious optimism,” Greider added, “People throughout the state are very positive, but the recovery is going to be long and slow, and there is still a lot of over-valued product that has to work its way through the system.”
***
To view the 2010 ICSC Florida Retail Report go to: http://crossmanco.com/assets/files/2010%20ICSC%20Florida%20Retail%20Report.pdf
* * *
For more information, contact:
Justin M Greider, Senior Associate, Crossman & Company, ICSC Southern Division NextGen Chair, 407-581-6225; John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com; Molly Delahunty, Crossman & Company, 407-581-6220 mdelahunty@crossmanco.com; Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com
About Crossman & Company: Headquartered in Orlando, Florida, Crossman & Company is a commercial real estate brokerage firm that specializes in the retail industry. Currently their portfolio under leasing and/or management exceeds 150 shopping centers throughout the Southeast US. Founded in 1990, Crossman & Company focuses solely on landlord representation and serves clients including Publix, PREIT, and GE. Please visit www.crossmanco.com, or call 407-423-5400 for more information.
Friday, April 23, 2010
Data Transfer Solutions, LLC, celebrates best quarter ever
ORLANDO - Data Transfer Solutions, LLC, (DTS) the Orlando-based firm that provides asset management, Geographic Information Systems (GIS), transportation planning, Web design, database applications, and video and multimedia production services to local governments and regional and state agencies throughout the U.S., reported its 2010 first quarter results rank among the company’s best since its founding in 2004.
A.M. “Trey” Fragala III, AICP, PMP, chief operating officer at Data Transfer Solutions, said the firm was awarded 28 new contracts in the first quarter ending March 31 and formalized 11 agreements called contract vehicles that may result in ongoing work assignments, the largest of which worth a potential $8M over five years.
In the largest single contract executed during the first quarter, DTS is developing unique GIS mapping technology that will help the Texas Forest Service identify forest lands susceptible to wildfire outbreaks. That contract is worth an estimated $360,000, Fragala said.
First quarter revenues grew by more than 28 percent over the same period last year, Fragala said.
“We are now working on more and larger individual projects than ever before,” Fragala said.
“We have established DTS as a dominant provider in several work areas that can substantially reduce the cost of government services just at the time when reducing the cost of government is a critical concern,” he said.
Fragala said DTS plans to expand one division---the firm’s Earth Eye subsidiary, which provides aerial and mobile LiDAR, orthophotography, and precision mapping, and may spin off another division--- as a subsidiary company as well.
* * *
For more information, contact:
A.M. “Trey” Fragala, III, AICP, PMP, Chief Operating Officer, Data Transfer Solutions, 3680 Avalon Park East Blvd., Suite 200, Orlando, 32828; 407-382-5222; tfragala@edats.com; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
A.M. “Trey” Fragala III, AICP, PMP, chief operating officer at Data Transfer Solutions, said the firm was awarded 28 new contracts in the first quarter ending March 31 and formalized 11 agreements called contract vehicles that may result in ongoing work assignments, the largest of which worth a potential $8M over five years.
In the largest single contract executed during the first quarter, DTS is developing unique GIS mapping technology that will help the Texas Forest Service identify forest lands susceptible to wildfire outbreaks. That contract is worth an estimated $360,000, Fragala said.
First quarter revenues grew by more than 28 percent over the same period last year, Fragala said.
“We are now working on more and larger individual projects than ever before,” Fragala said.
“We have established DTS as a dominant provider in several work areas that can substantially reduce the cost of government services just at the time when reducing the cost of government is a critical concern,” he said.
Fragala said DTS plans to expand one division---the firm’s Earth Eye subsidiary, which provides aerial and mobile LiDAR, orthophotography, and precision mapping, and may spin off another division--- as a subsidiary company as well.
* * *
For more information, contact:
A.M. “Trey” Fragala, III, AICP, PMP, Chief Operating Officer, Data Transfer Solutions, 3680 Avalon Park East Blvd., Suite 200, Orlando, 32828; 407-382-5222; tfragala@edats.com; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
Tuesday, February 9, 2010
Two Associates at Stirling Sotheby’s International Realty Report 15 Sales in Nov-Dec totaling over $6.6 Million
ORLANDO - Two associates at Stirling Sotheby’s International Realty serving Volusia County reported sales of 15 homes that total more than $6.6 million in November and December of last year.
Roger Soderstrom, founder and owner at Stirling Sotheby’s International Realty, said associates Rachel McGrath and Debby Keilin sold 15 properties during the two-month period covering the Spruce Creek and Port Orange markets.
Both McGrath and Keilin joined Stirling Sotheby’s International Realty in June 2009.
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 www.StirlingSIR.com.
Roger Soderstrom, founder and owner at Stirling Sotheby’s International Realty, said associates Rachel McGrath and Debby Keilin sold 15 properties during the two-month period covering the Spruce Creek and Port Orange markets.
Both McGrath and Keilin joined Stirling Sotheby’s International Realty in June 2009.
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 www.StirlingSIR.com.
Friday, January 22, 2010
Ashton Woods Homes Reports Record Sales in Orlando Area in 2009
ORLANDO - Ashton Woods Homes reports it closed on sales of 198 new homes in seven Orlando communities in 2009.
Michael Roche, vice president of sales and marketing for Ashton Woods Homes in the Orlando region, said 2009 sales are up more than 11 percent over 2008 sales.
“This is the second year in a row we have reported record sales,” Roche said. In 2008 the home builder reported it closed on sales of 179 new homes, up 48 percent over 2007 sales.
Ashton Woods Homes is a subsidiary of the Great Gulf Group of Companies, a North American real estate conglomerate headquartered in Toronto, and currently has communities under development in Houston, Dallas, Atlanta, Phoenix, Tampa, Denver and Orlando.
For more information, contact:
Michael Roche, VP Sales & Marketing Ashton Woods Homes-Orlando 407-647-3700;
John Reny, President, Ashton Woods Homes-Orlando 407-647-3700
Michael Roche, vice president of sales and marketing for Ashton Woods Homes in the Orlando region, said 2009 sales are up more than 11 percent over 2008 sales.
“This is the second year in a row we have reported record sales,” Roche said. In 2008 the home builder reported it closed on sales of 179 new homes, up 48 percent over 2007 sales.
Ashton Woods Homes is a subsidiary of the Great Gulf Group of Companies, a North American real estate conglomerate headquartered in Toronto, and currently has communities under development in Houston, Dallas, Atlanta, Phoenix, Tampa, Denver and Orlando.
For more information, contact:
Michael Roche, VP Sales & Marketing Ashton Woods Homes-Orlando 407-647-3700;
John Reny, President, Ashton Woods Homes-Orlando 407-647-3700
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