Realvest Development Chairman sees advantages ahead as Spec Industrial Boom unfolds in 2014, Credits Economic Gains

Orlando, Fla. --- Co-Star Group’s latest forecast sees big gains in speculative warehouse development in 2014… and that’s good news for George Livingston, chairman of Realvest Development in Orlando. Ranked as one of Central Florida’s most active developers of commercial warehouse facilities in Central Florida, Realvest Development has liquidated much of its assets and is actively seeking specialized development opportunities. “Co-Star Group forecasts that demand for quality warehouse and distribution space will outstrip supply in 2014,” Livingston said, especially Class A distribution space. “Speculative development accounts for almost two-thirds of the 59 million square feet of warehouse and distribution space under way in the U.S. right now,” Livingston said. “Warehouse vacancies dropped almost a full percent nationwide last year and should drop below the 8 percent mark by summer,” Livingston said. “At the same time fully stabilized properties are selling at about the same low cap rates we saw at the top of the cycle,” he added. Among the economic forces spurring new warehouse development is obsolescence. “Tenants want modern, efficient space and much of the vacant space on the market today is older, poorly designed by today’s standards and ill-equipped to adequately accommodate modern, technology-proficient operations,” Livingston said. “Investors are seeking to buy well designed space in markets that have job and population growth and many areas are turning to new cluster designs that attract job creators. Those programs also accelerate demand for new space,” Livingston said.

DiVosta Homes to Host Model Showcase Events Feb. 1 at VeronaWalk in Naples and VillageWalk of Bonita Springs,

NAPLES, Fla. --- DiVosta Homes will host simultaneous model showcase events from 1 to 3 p.m. Saturday, Feb. 1 at VeronaWalk in Naples, 7676 Collier Blvd. Naples, and at VillageWalk of Bonita Springs, 28025 Umiak Court in Bonita Springs. Scott Mairn, vice president of sales and marketing, said DiVosta plans to showcase five decorated two and three-bedroom model homes ranging from 1,392 square feet of living space to 2,488 square feet at VeronaWalk in Naples, including – The three-bedroom Kendall II model with 1,759 square feet of living space that includes three baths along with a covered front porch and rear entry two-car garage, priced from $282,990. The 1,542 square foot Carrington II model, priced from $247,490, and the Tifton, priced from $322,990 with 1,861 square feet, both two-bedroom, two-bath plans with two-car garages. The three-bedroom Vernon Hill model home has a den and two baths in 1,911 square feet of living space, priced from $322,990 with a two-car garage. The 2,315 square foot Dunwoody Lane model, the largest model on display at VeronaWalk at Naples, with three bedrooms, two-and-a-half baths, an open kitchen overlooking the great room, walk-in closets in all bedrooms, a guest suite with private bath and a two-car garage, all priced from $361,490. Mairn said Village Walk of Bonita Springs is offering tours of five decorated model homes, including the three-bedroom, three-bath, two-story Dublon model townhome, priced from $205,990; Four single-family homes – the two-bedroom Tifton model, priced from $282,490; the three-bedroom Vernon Hill, priced from $282,490; the Pine Spring with two bedrooms, two baths and a flex room/optional third bedroom in 1,429 square feet priced from $214,490 with a two-car garage ; and the three-bedroom Dunwoody Trail model, with 2,488 square feet of living space, three baths, plus a two-car garage, all priced from $338,990. Mairn said both model showcase celebrations will offer live music, refreshments and tours of model homes. The events are free and open to the public. For more information or to RSVP for the VeronaWalk open house, call 239-417-6400 and for the VillageWalk event, 239-948-4141.

Oceans Luxury Realty to host open house to showcase new location in Daytona Beach Shores

PORT ORANGE, Fla. --- Oceans Luxury Realty will host an open house Feb. 13 to showcase its new offices at 3162 S. Atlantic Ave. in Daytona Beach Shores. Crystal Anderson and Enis Qosja, co-founders and partners at Oceans Luxury Realty, said the public is invited to enjoy refreshments and a tour of the firm’s third office from noon to 2 p.m. along with officials from the City and Board of Realtors. Anderson said the new offices are the result of a merger with Harbor Village Realty of Port Orange. Oceans Luxury Realty opened its doors last year.

NAI Realvest Negotiates Long Term Lease on Hwy 17-92 in Longwood

ORLANDO, Fla. – NAI Realvest recently negotiated a long-term lease agreement for a 2,100 square foot free-standing retail building at 1000 S. U.S. Hwy 17-92 in Longwood. NAI Realvest Principals Matt Cichocki and Kevin O'Connor negotiated the lease representing the landlord Lee Chip Ith & Samneang Ith Chang of Lamont, Calif. TMX Finance of Savannah, Ga. is the new tenant operating an InstaLoan at the site. InstaLoan provides quick personal loans and they have locations throughout Florida and Georgia.

Celebration Golf Management Names General Manager at RedTail Golf Club

ORLANDO, Fla. --- Celebration Golf Management, which owns and/or operates seven golf courses in the Central Florida region, recently promoted Linda Gabauer to general manager at RedTail Golf Club Kenny Nairn, chief operating officer for Celebration Golf Management said Gabauer began her golf career at RedTail Golf Club in 2012. Prior to her promotion, she was assistant general manager. Nairn said Gabauer has 25 years of management experience in the high end retail industry. “Linda has had a vast range of responsibilities which have demonstrated her leadership and customer service, along with dedication, passion and commitment. These attributes come natural to her personal management skill, and are a must for our company,” Nairn said.

Stonegate Golf Club at Solivita recently hosts Wish Child and Family for VIP Weekend

KISSIMMEE Fla. -- Stonegate Golf Club recently extended its hospitality to nine-year-old Andrew Lumm and his family for a special V.I.P. treatment weekend. Andrew who is a wish child with Give Kids the World along with his twin sister Katelyn and brother Ryan, mom Rose Mary Lumm and dad, David Lumm were all given V.I.P. treatment during their 3-day stay. Arto Rahmani, general manager for Stonegate, said Rose Mary Lumm spoke to club members about what Give Kids the World has meant to her family. The Lumm family was also hosted at The Grille where they received magnificent meals with V.I.P. treatment. Rose and David Lumm met when Rose was teaching children for the Department of Defense in Germany and David was serving in the Army. Andrew loves exploring, reading and meeting new people and his twin Katelyn enjoys the outdoors, skating and praise dance. Older brother Ryan loves drama, reading and helping others. The Lumm family currently resides in Orlando. When asked; “what does Give Kids the World mean to your family?” Rose Lumm replied: “It is a gift…a slice of heaven on earth”

Over Seeding of Fairways at Legends Golf Club Now Complete, Fairway Cart Restrictions Have Been Lifted

CLERMONT, Fla. --- With a new look on the fairways at Legends Golf Club in Clermont, golfers are ready for the winter season. Jay Scruggs, general manager at Legends Golf Club, said they recently completed over seeding the fairways, greens, and tee boxes, all resulting in lush turf on every hole. “The visual appeal of the golf course is almost as important as its playability,” Scruggs said. “Over seeding at this time of the year means golfers can look forward to a great season of playing golf on a beautiful course,” he added. Scruggs said as many as three times the number of golfers will play Legends Golf Club over the next five months than in prior years. Legends Golf Club is open to the public seven days a week. Fairway cart restrictions have been lifted, much to the delight of everyone, Scruggs said. Around this time last year, Legends Golf Club in Clermont purchased 75 new 2013 Club Car Precedent model golf carts. Visit www.cgmgolfproperties.com.

Kings Ridge Golf Club Reopens Both Golf Courses after Reseeding as Staff Braces for Busy Winter Season

CLERMONT, Fla. --- Kings Ridge Golf Club in Clermont has reopened its fairways and removed all cart restrictions after extensive re-seeding and Lee Williamson, Head Golf Professional at Kings Ridge, said both 18-hole championship courses are in perfect shape for the winter season. “We are highly motivated and well prepared for a record winter season at Kings Ridge,” Williamson said. Williamson explained that Kings Ridge over-seeded the tees, fairways and greens on the Kings Course and the tees and greens of the Ridge Course. Current rates at Kings Ridge are $29.95 until 1 p.m. and $24.95 in the afternoons on the Kings Course. On the Ridge Course, greens fees are $21.95 before 1 p.m. and $14.95 in the afternoons. Kings Ridge Golf Club is owned and operated by Celebration Golf Management.

DAVE BREWER INC. REPORTS BIG INCREASE IN LUXURY HOME CONSTRUCTION IN 2013

SANFORD, Fla. --- Dave Brewer Inc. has built 11 new luxury homes in 2013 that sold for an average of $1.6 million each. Matt Trask, vice president of Dave Brewer Inc., said the luxury home builder built six homes in 2012 that each sold for $1 million plus. Remodeling projects this year brought an additional $2.5 million in revenues, Trask said. Dave Brewer Inc. has also seen an increase in tear down activity in the Markham Woods/Lake Mary area in which a client purchased an existing home just for the land and tears down the exiting home to build a new one. “Limited lots available for custom homes in the Markham Woods Road area has driven the demand for tear down projects” Trask said.

Henin Homes offering special discount on new “Maranello” move-in-ready home

DeBary, Fla. – Henin Homes is offering a special discount for a move-in ready home in its new Maranello floor plan at Riviera Bella the award-winning, gated luxury community overlooking the St. Johns River in DeBary. Jerome Henin, president of the Henin Group said the new and “dynamic” Maranello offers three bedrooms, a loft, three full baths and a half bath in 2,396 square feet of living area with a two-car garage for a discounted price of $327,270. Henin Homes is also offering special incentives to real estate brokers on its move-in ready homes, Henin said. For more information visit the Riviera Bella sales office from 10 a.m. to 6 p.m. Monday thorough Saturday and noon to 6 p.m. Sundays at 107 Verde Way in the Turino luxury model home.