ATLANTA, Ga. --- Whitney Knoll, Mark Hillis and Fred Victor of Newmark Knight Frank’s Southeast Capital Group brokered the $3.42 million sale of the Holcomb Woods Village, located at 1570 Holcomb Woods Rd. in Roswell, Ga.
Knoll, a principal who heads the Southeast Capital Markets Group at Newmark Knight Frank, said Hawthorne Retail Partners acquired the retail center from the Bank of New York Mellon Trust Company through special servicer GE Capital Realty Group, Inc.
Knoll, Hillis and Victor represented GE Capital Realty Group in the REO transaction.
The 102,888 square foot neighborhood retail center is 45 percent occupied by tenants including Joseph & Friends and Tuscany Fine Furnishings, Knoll said.
“This transaction exemplifies the investment community’s continued attraction to REO foreclosure listings,” Knoll said.
“There was very high interest in the property, and the performance of Hawthorne Retail Partners in the transaction was exemplary,” Knoll said.
Saturday, November 5, 2011
Villages of Royal Palm Offers One Year Closing Delay, Six Months Mortgage Moratorium on Ready-To-Move-In Homes
PORT ORANGE, Fla. --- The Villages of Royal Palm, the luxury active adult community Winston James Development is developing in Port Orange, is offering a special discount to active adult buyers of ready-to-move-in homes priced from the $160s.
Winston Schwartz, president of Winston-James Development, Inc., said buyers of ready-to-move-in homes can take advantage of special financing that allows no mortgage payments for the first six months.
For people who have a home to sell, Royal Palm offers a one-year delay in closing.
Schwartz said a 10 percent down payment qualifies buyers for the special financing.
“We are making this offer to give active adults – who plan to sell their current homes so they can move to Florida – plenty of time to conduct the sale,” Schwartz said.
Schwartz said the offer is good through Nov. 15.
Eight finished ready-to-move-in homes are now available.
Winston Schwartz, president of Winston-James Development, Inc., said buyers of ready-to-move-in homes can take advantage of special financing that allows no mortgage payments for the first six months.
For people who have a home to sell, Royal Palm offers a one-year delay in closing.
Schwartz said a 10 percent down payment qualifies buyers for the special financing.
“We are making this offer to give active adults – who plan to sell their current homes so they can move to Florida – plenty of time to conduct the sale,” Schwartz said.
Schwartz said the offer is good through Nov. 15.
Eight finished ready-to-move-in homes are now available.
Top Producing Associates at Stirling Sotheby’s International Realty Rack up 10 Home Sales in Three Months
ORLANDO, Fla. --- Rachel McGrath and Debbie Keilin are fast making a name for themselves as top producers at Stirling Sotheby’s International Realty in Volusia County.
Roger Soderstrom founder and owner of Stirling Sotheby’s International Realty said McGrath and Keilin posted sales of 10 properties that totaled more than $4.45 million during the third quarter of 2011. (Per the Daytona Beach MLS Aug 1-Oct 31 2011)
Some of Keilin and McGrath’s largest sales include --
• The last known residence of Lear Jet fame, William P. Lear, Jr. at Spruce Creek Fly-In community in Port Orange. The luxury home and private aircraft hangar sold for $785,000.
• A second Spruce Creek Fly-In luxury home purchased by an Argentinian businesswoman for $545,000.
• A luxury oceanfront condominium in Daytona Beach with more than 5,000 square feet of living space for $1.46 million.
“Rachel McGrath and Debbie Keilin are just dynamic,” Soderstrom said. “They are two of the most enthusiastic, well-educated and highly motivated real estate professionals I know,” 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 McGrath and Keilin posted sales of 10 properties that totaled more than $4.45 million during the third quarter of 2011. (Per the Daytona Beach MLS Aug 1-Oct 31 2011)
Some of Keilin and McGrath’s largest sales include --
• The last known residence of Lear Jet fame, William P. Lear, Jr. at Spruce Creek Fly-In community in Port Orange. The luxury home and private aircraft hangar sold for $785,000.
• A second Spruce Creek Fly-In luxury home purchased by an Argentinian businesswoman for $545,000.
• A luxury oceanfront condominium in Daytona Beach with more than 5,000 square feet of living space for $1.46 million.
“Rachel McGrath and Debbie Keilin are just dynamic,” Soderstrom said. “They are two of the most enthusiastic, well-educated and highly motivated real estate professionals I know,” 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 Reports Four Commercial Loans Closed in October Financing Projects Valued at More Than $9.4 Million
Altamonte Springs, Fla. --- Mercantile Capital Corporation, one of the nation’s largest and most active providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed four commercial loans in October to finance projects that total more than $9.4 million.
Geof Longstaff, chairman of Mercantile Capital Corporation, said the firm’s largest single loan in October financed a $5.1 million diabetes treatment center in Citrus County.
Since the start of the year, Mercantile Capital Corporation has closed 46 commercial loans to finance projects that total more than $134 million, Longstaff said.
Chris Hurn, chief executive officer of Mercantile Capital Corporation, said, “We expect to finance over $150 million in total projects in 2011. That would mark a substantial increase over 2010 and be our all-time record for volume.”
Mercantile Capital Corporation will relocate from Altamonte Springs to Downtown Orlando in December, Hurn added. The firm is a wholly-owned subsidiary of Old Florida National Bank, which is headquartered in Orlando.
More information can be found at www.504Experts.com and www.504Blog.com.
Geof Longstaff, chairman of Mercantile Capital Corporation, said the firm’s largest single loan in October financed a $5.1 million diabetes treatment center in Citrus County.
Since the start of the year, Mercantile Capital Corporation has closed 46 commercial loans to finance projects that total more than $134 million, Longstaff said.
Chris Hurn, chief executive officer of Mercantile Capital Corporation, said, “We expect to finance over $150 million in total projects in 2011. That would mark a substantial increase over 2010 and be our all-time record for volume.”
Mercantile Capital Corporation will relocate from Altamonte Springs to Downtown Orlando in December, Hurn added. The firm is a wholly-owned subsidiary of Old Florida National Bank, which is headquartered in Orlando.
More information can be found at www.504Experts.com and www.504Blog.com.
Villages of Royal Palm Starts Construction of Two New ready-to-move-in homes, Marks Million Dollar Closings in October
PORT ORANGE, Fla. --- The Villages of Royal Palm is marked a record month of closings in October by starting construction of two ready-to-move-in homes.
Winston Schwartz, president of Winston-James Development, Inc., developers the Villages of Royal Palm, said three and four bedroom homes at The Villages of Royal Palm range in size from 1,500 square feet of living space to 2,160 square feet priced from the low $200s.
Schwartz said homes The Villages of Royal Palm closed on in October total more than $1 million, a recent record for the community.
“This is the start of the winter season, when our sales are typically the highest,” Schwartz said. “We anticipate a very busy winter season,” he said.
Schwartz added that four ready-to-move-in homes are now open at The Villages of Royal Palm.
Winston Schwartz, president of Winston-James Development, Inc., developers the Villages of Royal Palm, said three and four bedroom homes at The Villages of Royal Palm range in size from 1,500 square feet of living space to 2,160 square feet priced from the low $200s.
Schwartz said homes The Villages of Royal Palm closed on in October total more than $1 million, a recent record for the community.
“This is the start of the winter season, when our sales are typically the highest,” Schwartz said. “We anticipate a very busy winter season,” he said.
Schwartz added that four ready-to-move-in homes are now open at The Villages of Royal Palm.
Maximize Angel Investments Hopes to Secure Pledges that will Total More Than $10 million at Angel Investment Seminar Nov. 9
ORLANDO, Fla. --- Maximize Angel Investments Central Florida, Inc. plans to welcome subscribing members to its Angel Investments seminar Nov. 9 who will commit more than $10 million in investment capital to finance promising startup companies throughout the Central Florida area.
William De Temple, chief executive officer of Maximize Angel Investments Central Florida, said that while many in the Central Florida community will benefit from the efforts of his organization to create new jobs and an economic boom, his subscribers are not “do-gooders.”
“Maximize Angel Investments of Central Florida is organizing subscriber members to invest in companies that demonstrate the capacity to grow and succeed,” De Temple explained.
“We aren’t looking for the next best thing,” De Temple said.
“We seek out well-organized companies if they are providing the necessary capital,” he said.
De Temple said his subscribers — who commit to funding more than $50,000 annually — are strictly bottomline business investors.
William De Temple, chief executive officer of Maximize Angel Investments Central Florida, said that while many in the Central Florida community will benefit from the efforts of his organization to create new jobs and an economic boom, his subscribers are not “do-gooders.”
“Maximize Angel Investments of Central Florida is organizing subscriber members to invest in companies that demonstrate the capacity to grow and succeed,” De Temple explained.
“We aren’t looking for the next best thing,” De Temple said.
“We seek out well-organized companies if they are providing the necessary capital,” he said.
De Temple said his subscribers — who commit to funding more than $50,000 annually — are strictly bottomline business investors.
Thursday, November 3, 2011
Crossman & Company Completes New and Renewal Leases at Retail Centers in Casselberry totaling 3,406 Square Feet
ORLANDO, Fla – Crossman & Company, the Orlando-based firm that ranks as one of the largest retail property management and leasing companies in the Southeast, recently negotiated three lease agreements – one new lease and two lease renewals – at Casselberry retail centers.
Leasing Associates Tracy Harrison and Craig Katterfield at Crossman & Company negotiated all three transactions representing the landlord for each center.
At Summit Plaza II, 1033 SR 436, The Middlesex Corp. signed a new lease for 2,023 square feet and Infinite Ideas & Designs renewed its lease of 1,030 square feet.
Experience Works renewed its lease of 350 square feet in the Greater Mall located at 400-484 S.R. 436.
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.
Leasing Associates Tracy Harrison and Craig Katterfield at Crossman & Company negotiated all three transactions representing the landlord for each center.
At Summit Plaza II, 1033 SR 436, The Middlesex Corp. signed a new lease for 2,023 square feet and Infinite Ideas & Designs renewed its lease of 1,030 square feet.
Experience Works renewed its lease of 350 square feet in the Greater Mall located at 400-484 S.R. 436.
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.
Avalonpark Texas’ Community Springs at Walnut Creek in North Austin sees David Weekley Homes start construction of models
AUSTIN, Tex. --- Avalonpark Texas has reported that David Weekley Homes has started construction of two models and five ready-to-move-in homes priced from the low $200s at The Springs of Walnut Creek located near I-35 and Yager Lane in North Austin.
Richard Kunz, a principal at Avalonpark Texas LP, which is developing The Springs of Walnut Creek, said two of the single family homes are model homes (a one-story model home and a two-story model home) and five are ready-to-move-in homes. All are slated to open in late November.
The neighborhood will see 53 homes in Phase I and 58 homes in Phase II. Construction of the infrastructure for Phase II is planned for the second quarter of 2012.
Plans are also under way to build Phase III, a gated private neighborhood of 50 homes priced in the mid to high $100s.
Richard Kunz, a principal at Avalonpark Texas LP, which is developing The Springs of Walnut Creek, said two of the single family homes are model homes (a one-story model home and a two-story model home) and five are ready-to-move-in homes. All are slated to open in late November.
The neighborhood will see 53 homes in Phase I and 58 homes in Phase II. Construction of the infrastructure for Phase II is planned for the second quarter of 2012.
Plans are also under way to build Phase III, a gated private neighborhood of 50 homes priced in the mid to high $100s.
Tuesday, November 1, 2011
Pulte Homes, Radio Disney to Unveil New Luxury Home Sites For Sale at Stonebrier in Northeast Tampa
TAMPA, Fla. --- Pulte Homes and Radio Disney will host a grand opening Nov. 5 to unveil 33 new single-family home sites for sale at Stonebrier, located on Mapleridge Drive off of Lutz Lake Fern Road in Lutz.
Sean Strickler, vice president of sales for Pulte’s North Florida division, said Stonebrier offers new single-family homes built by Pulte and Centex Homes priced from the $140s.
The new 65-foot home sites are opening for sale in the Waterbridge section of Stonebrier which features homes built by Pulte.
New homes in Stonebrier range in size from 1,335 square feet of living space to 3,304 square feet and feature a combination of standard, conservation, wooded and water views
Homeowners in Stonebrier have access to a 14-acre neighborhood amenity center with a community club house, a state-of-the-art fitness facility with weight training and cardio equipment, resort-style swimming pool with a jungle waterslide and children’s play area, a basketball court, a multi-use sports field, and a children’s playground complete with a rock climbing wall.
For more information please contact the Stonebrier sales team at 813-948-8866.
About Pulte Homes
Award-winning Pulte Homes communities are designed to deliver the best quality of life for home owners. By combining innovative life-enhancing designs, an unwavering commitment to quality and attention to detail, Pulte Homes is the nation’s premier home brand for upwardly mobile home buyers in 26 states and the District of Columbia. As the most awarded homebuilder in customer satisfaction, Pulte Homes has ranked tops in the annual JD Power and Associates® New-Home Builder Customer Satisfaction Studysm more than 75 times since 2000. For more information about Pulte Homes, visit www.pultehomes.com.
About PulteGroup
PulteGroup, Inc. (NYSE: PHM), based in Bloomfield Hills, Mich., is one of America’s largest home building companies with operations in approximately 60 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes and Del Webb, the company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer segments and respond to changing consumer demand. PulteGroup conducts extensive research to provide home buyers with innovative solutions and new homes designed for the way people actually live today. As the most awarded home builder in customer satisfaction, PulteGroup brands have consistently ranked among top home builders in third-party customer satisfaction studies. For more information about PulteGroup, Inc. and PulteGroup brands, see pultegroup.com; www.pulte.com; www.centex.com; www.delwebb.com
Sean Strickler, vice president of sales for Pulte’s North Florida division, said Stonebrier offers new single-family homes built by Pulte and Centex Homes priced from the $140s.
The new 65-foot home sites are opening for sale in the Waterbridge section of Stonebrier which features homes built by Pulte.
New homes in Stonebrier range in size from 1,335 square feet of living space to 3,304 square feet and feature a combination of standard, conservation, wooded and water views
Homeowners in Stonebrier have access to a 14-acre neighborhood amenity center with a community club house, a state-of-the-art fitness facility with weight training and cardio equipment, resort-style swimming pool with a jungle waterslide and children’s play area, a basketball court, a multi-use sports field, and a children’s playground complete with a rock climbing wall.
For more information please contact the Stonebrier sales team at 813-948-8866.
About Pulte Homes
Award-winning Pulte Homes communities are designed to deliver the best quality of life for home owners. By combining innovative life-enhancing designs, an unwavering commitment to quality and attention to detail, Pulte Homes is the nation’s premier home brand for upwardly mobile home buyers in 26 states and the District of Columbia. As the most awarded homebuilder in customer satisfaction, Pulte Homes has ranked tops in the annual JD Power and Associates® New-Home Builder Customer Satisfaction Studysm more than 75 times since 2000. For more information about Pulte Homes, visit www.pultehomes.com.
About PulteGroup
PulteGroup, Inc. (NYSE: PHM), based in Bloomfield Hills, Mich., is one of America’s largest home building companies with operations in approximately 60 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes and Del Webb, the company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer segments and respond to changing consumer demand. PulteGroup conducts extensive research to provide home buyers with innovative solutions and new homes designed for the way people actually live today. As the most awarded home builder in customer satisfaction, PulteGroup brands have consistently ranked among top home builders in third-party customer satisfaction studies. For more information about PulteGroup, Inc. and PulteGroup brands, see pultegroup.com; www.pulte.com; www.centex.com; www.delwebb.com
Thursday, October 27, 2011
Tolaris Realty Group starts property management division
SANFORD, Fla. –Tolaris Realty Group now has a property management division.
Richard Bavec, who heads Tolaris Realty Group, based on SR 46 west of Sanford at Lake Forest said, “We’ve been asked by many investors and property owners to be the ‘eyes and ears’ of their properties in Central Florida.”
The property management division will work out of Tolaris Realty Group’s Lake Forest headquarters.
Richard Bavec, who heads Tolaris Realty Group, based on SR 46 west of Sanford at Lake Forest said, “We’ve been asked by many investors and property owners to be the ‘eyes and ears’ of their properties in Central Florida.”
The property management division will work out of Tolaris Realty Group’s Lake Forest headquarters.
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