MAITLAND, Fla. — NAI Realvest recently negotiated a new long term lease agreement for 10,437 square feet of Class A office space at Colonial Center Heathrow, 901 International Parkway in Lake Mary.
George Livingston, chairman at NAI Realvest, Principal Christie Alexander, and Associate Drew Saphos, CCIM negotiated the transaction representing the tenant, Team Cymru, Inc., a specialized Internet security research firm dedicated to making the Internet more secure. Team Cymru is relocating its headquarters from Chicago.
The landlord, DRA/CLP Heathrow Orlando, LLC of Lake Mary was represented by Sandy Chace of CB Richard Ellis.
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 through NAI Global, an international commercial real estate network with over 350 offices spanning the globe. Since 1978, clients have built their 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.
Wednesday, August 17, 2011
Stirling Sotheby’s International Realty Targets Bulk Sale of Bella Tuscany in Seminole County
ORLANDO, Fla. --- Stirling Sotheby’s International Realty was named exclusive sales and marketing agents for Bella Tuscany, an exclusive luxury home subdivision located in Seminole County on E.E. Williamson Road between Longwood and Lake Mary that’s being sold at a highly discounted bulk sale price.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said International Luxury Home Specialists Sally Andy and David Warren are representing the property which includes seven luxury home sites that range in size from one-fourth to one-half acre.
“We expect the builder who purchases the property to build custom homes that will sell in the $350,000 to over $500,000-range,” Andy said.
With a gated entry and lush landscaping, several homes at Bella Tuscany will have water views and the property is convenient to top-rated primary and secondary schools.
All seven luxury home sites are being offered at a discounted bulk sale price of just $579,900, Warren said.
To view a brochure on the property, visit www.sallyandy.com/BellaTuscany.
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, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said International Luxury Home Specialists Sally Andy and David Warren are representing the property which includes seven luxury home sites that range in size from one-fourth to one-half acre.
“We expect the builder who purchases the property to build custom homes that will sell in the $350,000 to over $500,000-range,” Andy said.
With a gated entry and lush landscaping, several homes at Bella Tuscany will have water views and the property is convenient to top-rated primary and secondary schools.
All seven luxury home sites are being offered at a discounted bulk sale price of just $579,900, Warren said.
To view a brochure on the property, visit www.sallyandy.com/BellaTuscany.
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, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Ryland Homes Acquires 32 New Homesites at The Palisades in Charlotte
CHARLOTTE, N.C. – Ryland Homes recently acquired 32 new home sites in two neighborhoods at The Palisades, the master planned community located off Highway 49 in southwest Charlotte.
Krista Long, vice president of sales and marketing for Ryland Homes in the Charlotte region, said Ryland plans to build new single family homes priced from the $230s at Rusty Creek in The Palisades.
Ryland will also build new homes priced from the $240s at Marbella in The Palisades, Long said, including some golf course homes.
Nestled on the banks of Lake Wylie, The Palisades earned Audubon International’s highest certification.
The Palisades features a Jack Nicklaus designed championship golf course and private country club, soccer training complex and more than seven miles of hiking and nature trails. The private Palisades Episcopal School in the community with Junior Kindergarten through 8th Grade offers small group instruction and an exceptional classical curriculum.
The Tim Wilkison Signature Sports Complex at The Palisades features a swimming pool and waterslide, state-of-the-art fitness center and an award winning tennis complex.
About Ryland Homes
With headquarters in Southern California, Ryland is one of the nation's largest homebuilders and a leading mortgage-finance company. The Company currently operates in 24 homebuilding divisions across the country and has built more than 285,000 homes and financed more than 235,000 mortgages since its founding in 1967. Ryland is listed on the New York Stock Exchange under the symbol "RYL."
Krista Long, vice president of sales and marketing for Ryland Homes in the Charlotte region, said Ryland plans to build new single family homes priced from the $230s at Rusty Creek in The Palisades.
Ryland will also build new homes priced from the $240s at Marbella in The Palisades, Long said, including some golf course homes.
Nestled on the banks of Lake Wylie, The Palisades earned Audubon International’s highest certification.
The Palisades features a Jack Nicklaus designed championship golf course and private country club, soccer training complex and more than seven miles of hiking and nature trails. The private Palisades Episcopal School in the community with Junior Kindergarten through 8th Grade offers small group instruction and an exceptional classical curriculum.
The Tim Wilkison Signature Sports Complex at The Palisades features a swimming pool and waterslide, state-of-the-art fitness center and an award winning tennis complex.
About Ryland Homes
With headquarters in Southern California, Ryland is one of the nation's largest homebuilders and a leading mortgage-finance company. The Company currently operates in 24 homebuilding divisions across the country and has built more than 285,000 homes and financed more than 235,000 mortgages since its founding in 1967. Ryland is listed on the New York Stock Exchange under the symbol "RYL."
Eagle Creek Golf Club Unveils Fleet of New Club Car Precedent Golf Carts
ORLANDO, Fla. –Eagle Creek Golf Club, located at the on Narcoossee Road south of Lake Nona in southeast Orlando, will turn the keys to a fleet of 72 new Club Car Precedent golf carts.
David A. Evangelista, general manager at Eagle Creek Golf Club, said Club Car Precedent golf carts rank as the premier public course carts in the U.S.
“Precedents are particularly well known for reliability,” Evangelista said.
Celebration Golf Management leases and operates Eagle Creek Golf Club.
David A. Evangelista, general manager at Eagle Creek Golf Club, said Club Car Precedent golf carts rank as the premier public course carts in the U.S.
“Precedents are particularly well known for reliability,” Evangelista said.
Celebration Golf Management leases and operates Eagle Creek Golf Club.
NAI Realvest Negotiates Lease Renewal Agreement with New Dimensions Dance Academy at Oviedo Commerce Center
ORLANDO, Fla. – NAI Realvest recently negotiated a lease renewal agreement for 4,800 square feet in Suite 1040 of the Oviedo Commerce Center, 2462 W. SR 426 in Oviedo.
George Viele, associate at the firm, brokered the transaction representing the Landlord, Oviedo Commerce Center, LLC based in Altamonte Springs.
The tenant is Oviedo-based New Dimensions Dance Academy, Inc.
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 350 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 Viele, associate at the firm, brokered the transaction representing the Landlord, Oviedo Commerce Center, LLC based in Altamonte Springs.
The tenant is Oviedo-based New Dimensions Dance Academy, Inc.
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 350 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, August 16, 2011
Two Luxury Home Specialists at Stirling Sotheby’s International Realty Close on Seven Homes in July for Nearly $6 Million
ORLANDO, Fla. --- Two International Luxury Homes Specialists at Stirling Sotheby’s International Realty in Orlando closed on sales of seven luxury homes in July that totaled nearly $6 million.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said Sally Andy and David Warren currently have seven pending sales that will total more than $5 million.
Soderstrom said the pair project luxury home sales for the third quarter that will total more than $11 million, with an average sale price of $785,000.
“We are seeing healthy growth in luxury home sales, which typically lead the market, and that’s a very optimistic sign overall for Central Florida,” Soderstrom said.
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, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said Sally Andy and David Warren currently have seven pending sales that will total more than $5 million.
Soderstrom said the pair project luxury home sales for the third quarter that will total more than $11 million, with an average sale price of $785,000.
“We are seeing healthy growth in luxury home sales, which typically lead the market, and that’s a very optimistic sign overall for Central Florida,” Soderstrom said.
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, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Mercantile Capital Corporation closes $11.2 million commercial loan, largest in company history
ALTAMONTE SPRINGS, Fla. --- Mercantile Capital Corporation, in Altamonte Springs, recently closed the largest single commercial loan in the company’s eight year history to finance improvements valued at more than $11.2 million at the Sanford Auto Dealers Exchange, located on Martin Luther King Blvd. in Sanford.
Geof Longstaff, chairman at Mercantile Capital Corporation, said their U.S. Small Business Administration (SBA) 504 loan financed 85 percent of the construction costs to improve the Sanford Auto Dealers Exchange’s auto storage facilities at below-market, long-term fixed interest rates.
Altogether, Mercantile Capital Corporation (a wholly owned subsidiary of Old Florida National Bank) closed on five SBA 504 loans in July to finance projects valued at $20.2 million in Florida, Texas and California. Chris Hurn, Mercantile Capital Corporation’s chief executive officer, added that these five loans account for 136 jobs created or retained.
Mercantile Capital Corporation ranks as one of the largest providers of SBA 504 commercial property loans in the U.S. The SBA 504 loan program finances small business owners who want to acquire, develop or improve their own facilities.
More information can be found at www.504experts.com and www.504blog.com.
Geof Longstaff, chairman at Mercantile Capital Corporation, said their U.S. Small Business Administration (SBA) 504 loan financed 85 percent of the construction costs to improve the Sanford Auto Dealers Exchange’s auto storage facilities at below-market, long-term fixed interest rates.
Altogether, Mercantile Capital Corporation (a wholly owned subsidiary of Old Florida National Bank) closed on five SBA 504 loans in July to finance projects valued at $20.2 million in Florida, Texas and California. Chris Hurn, Mercantile Capital Corporation’s chief executive officer, added that these five loans account for 136 jobs created or retained.
Mercantile Capital Corporation ranks as one of the largest providers of SBA 504 commercial property loans in the U.S. The SBA 504 loan program finances small business owners who want to acquire, develop or improve their own facilities.
More information can be found at www.504experts.com and www.504blog.com.
Foreign buyers help housing market (from floridarealtors.org)
MIAMI, Fla -– Foreign buyers are helping to stoke home sales in U.S. vacation hot spots decimated by the real estate crash, especially in southern Florida.
"For the 12 months ending in March, some 31 percent of Florida’s home sales were to foreign buyers, up from 10 percent in 2007," according to a survey by the National Association of Realtors.
In Arizona, six percent of sales in the same period were to foreigners. That was down from 11 percent last year but still up from five percent in 2007, the data shows.
"Foreign buyers are being enticed not only by low U.S. home prices -- down 30 percent nationwide since peaking in 2006 -- but also the weakened dollar, which makes their money go further. Since the start of 2006, the Canadian dollar has soared 18 percent against the U.S. dollar, while the Euro has gained 22 percent," says data tracker Oanda.
"U.S. home prices, meanwhile, have fallen far more than the national average in some places, down 55 percent from their peaks in Miami-Fort Lauderdale and Phoenix, and 36 percent in Los Angeles," says Zillow.com. "Those are three of the most popular areas for foreigners searching for real estate on Trulia’s website," that company says.
"Sales are so brisk in the Miami region now that more houses and condominiums could sell this year than in 2005, the peak year," says Ronald Shuffield, president of Esslinger-Wooten-Maxwell Realtors in Coral Gables.
“International buyers have been the fuel for the Miami recovery,” Shuffield says."About 40 percent of buyers are international versus less than 35 percent before the bust," he estimates. "Many buyers are South American investors snapping up condominiums to rent out," says Peter Zalewski of market researcher Condo Vultures.
In the Phoenix region there are at least 20 percent more foreigners in the market now than usual, according to Don Hammer, manager of Realty Executives in Paradise Valley, Ariz.
One of those shoppers is retired hedge fund manager Peter Duerr of Austria. He’s planning to buy a home in Scottsdale, having sold one there in 2005. "The U.S. is a great buy right now,” Duerr says.
The largest share of foreign buyers, 23 percent, comes from Canada, the Realtors’ survey found. China followed at nine percent. The survey includes foreigners living abroad, those in the U.S. with long-term visas and new immigrants.
© Copyright 2011 USA TODAY, a division of Gannett Co. Inc., Julie Schmit.
"For the 12 months ending in March, some 31 percent of Florida’s home sales were to foreign buyers, up from 10 percent in 2007," according to a survey by the National Association of Realtors.
In Arizona, six percent of sales in the same period were to foreigners. That was down from 11 percent last year but still up from five percent in 2007, the data shows.
"Foreign buyers are being enticed not only by low U.S. home prices -- down 30 percent nationwide since peaking in 2006 -- but also the weakened dollar, which makes their money go further. Since the start of 2006, the Canadian dollar has soared 18 percent against the U.S. dollar, while the Euro has gained 22 percent," says data tracker Oanda.
"U.S. home prices, meanwhile, have fallen far more than the national average in some places, down 55 percent from their peaks in Miami-Fort Lauderdale and Phoenix, and 36 percent in Los Angeles," says Zillow.com. "Those are three of the most popular areas for foreigners searching for real estate on Trulia’s website," that company says.
"Sales are so brisk in the Miami region now that more houses and condominiums could sell this year than in 2005, the peak year," says Ronald Shuffield, president of Esslinger-Wooten-Maxwell Realtors in Coral Gables.
“International buyers have been the fuel for the Miami recovery,” Shuffield says."About 40 percent of buyers are international versus less than 35 percent before the bust," he estimates. "Many buyers are South American investors snapping up condominiums to rent out," says Peter Zalewski of market researcher Condo Vultures.
In the Phoenix region there are at least 20 percent more foreigners in the market now than usual, according to Don Hammer, manager of Realty Executives in Paradise Valley, Ariz.
One of those shoppers is retired hedge fund manager Peter Duerr of Austria. He’s planning to buy a home in Scottsdale, having sold one there in 2005. "The U.S. is a great buy right now,” Duerr says.
The largest share of foreign buyers, 23 percent, comes from Canada, the Realtors’ survey found. China followed at nine percent. The survey includes foreigners living abroad, those in the U.S. with long-term visas and new immigrants.
© Copyright 2011 USA TODAY, a division of Gannett Co. Inc., Julie Schmit.
Celebration Golf Club to host Grand Opening of the Golf Academy Ping n Flight Fitting and Teaching Center Sept. 30
ORLANDO, Fla. --- Celebration Golf Management, Inc. will host a grand opening of the Golf Academy Ping n Flight fitting and teaching center at Celebration Golf Club Sept. 30.
Kenny Nairn, executive vice president of golf at Celebration Golf Club, said PGA Tour Player Bubba Watson will hold an exhibition and clinic during the grand opening event.
In partnership with Ping, the industry leader in custom fitted golf clubs, The Golf Academy’s Ping n Flight fitting and teaching center is a 2,500 square foot state-of-the-art facility with four full-time instructors, Nairn said.
Kenny Nairn, executive vice president of golf at Celebration Golf Club, said PGA Tour Player Bubba Watson will hold an exhibition and clinic during the grand opening event.
In partnership with Ping, the industry leader in custom fitted golf clubs, The Golf Academy’s Ping n Flight fitting and teaching center is a 2,500 square foot state-of-the-art facility with four full-time instructors, Nairn said.
Cotter Ryan Commercial, White-Challis Development Form Joint Venture to Focus on Urban Development Projects
LONGWOOD, Fla. --- Cotter Ryan Commercial LLC of Longwood has formed a private-public joint venture partnership with White-Challis Development to focus on urban development projects.
Scott Ryan, founder and president of Cotter-Ryan Commercial, said the joint venture will focus on mixed use and retail projects in Volusia, Seminole, Marion and Brevard Counties.
Scott Ryan, founder and president of Cotter-Ryan Commercial, said the joint venture will focus on mixed use and retail projects in Volusia, Seminole, Marion and Brevard Counties.
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