Chattanooga, Tenn. – Berkadia recently negotiated the sale of six multi-family investment properties, consisting of 1,110 units for a combined $96.35 million.
Marcus Lyons, director of Berkadia’s Chattanooga office, said his team facilitated the transactions on behalf of various sellers with help from several other Berkadia offices.
“These deals are a testament to the depth of our national Berkadia network. Not only did our investment sales team negotiate the sales, but our Mortgage Banking team secured financing for the purchasers,” said David Oakley, Berkadia-Southeast managing director, who was involved with each transaction.
The team’s largest sale of the period - Quarry Trail, a 252-unit property in Knoxville, Tennessee – sold for $42 million to an investment group based in Atlanta.
Most recently, the team facilitated the sale of a three-property portfolio of Middle Tennessee State University apartments. The portfolio, comprised of 96-unit Raiders Crossing, 78-unit Woods at Greenland, and 180-unit University Gables, sold for $32.1 million to another Atlanta-based investment group.
Other recent Tennessee sales include King’s Crossing and Tara’s Place in Murfeesboro, a combined 184 units, which sold for $11.3 million and Waterview, a 160-unit property in Henderson, which sold for $10.9 million.
Kevin Larimer, National Director of Student Housing – Berkadia Mortgage Banking, teamed with David Oakley to facilitate both the Quarry Trail and the MTSU Portfolio transactions. Aaron Hargrove, Managing Directory of Affordable Housing – Berkadia Mortgage Banking, and Eric Taylor, Senior Director - Berkadia Mortgage Banking teamed with Royce Emerson, Senior Director – Berkadia Investment Sales, Lyons, and Oakley, to arrange both the King’s Crossing-Tara’s Place and the Waterview transactions.
Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties.
Thursday, September 3, 2015
DiCapta Studios Moving to Winter Springs
Winter Springs, Fla. -- Dicapta, the award-winning U.S. provider of accessible digital media to serve people with visual or hearing limitations and Spanish speaking community, is relocating its office and studios from Longwood to the UCF Business Incubation facilities in Winter Springs.
Maria Diaz, chief executive officer of Dicapta, said the company’s new headquarters will offer versatility to handle a wide range of projects the company works on with closer access to incubation support services.
“Spanish coverage for special or seasonal events such us political conventions or public debates that we have implemented for PBS or NBC, as well as our educational productions, calls for our flexibility with production, logistics and technical resources maintaining our professional standards. For this there is no better match than the UCF Business Incubation facilities in Winter Springs,” Diaz explained.
Dicapta provides services that support access for people with disabilities and for Spanish speakers to films, television, news programs and educational media. Services include electronic subtitles, audio description, dubbing, live dubbing and CART (subtitles broadcast in real time) utilizing cutting edge technology and state-of-the-art processes.
Dicapta serves a wide range of corporate, educational and government agency clients in the U.S., the Caribbean and Central and South America.
Maria Diaz, chief executive officer of Dicapta, said the company’s new headquarters will offer versatility to handle a wide range of projects the company works on with closer access to incubation support services.
“Spanish coverage for special or seasonal events such us political conventions or public debates that we have implemented for PBS or NBC, as well as our educational productions, calls for our flexibility with production, logistics and technical resources maintaining our professional standards. For this there is no better match than the UCF Business Incubation facilities in Winter Springs,” Diaz explained.
Dicapta provides services that support access for people with disabilities and for Spanish speakers to films, television, news programs and educational media. Services include electronic subtitles, audio description, dubbing, live dubbing and CART (subtitles broadcast in real time) utilizing cutting edge technology and state-of-the-art processes.
Dicapta serves a wide range of corporate, educational and government agency clients in the U.S., the Caribbean and Central and South America.
Embark Safety receives State of Florida Minority Business Enterprise Certification
ORLANDO, Fla. – Embark Safety, a leading provider of driver monitoring and fleet risk management services across North America, recently received the Minority Business Enterprise (MBE) Certification from the State of Florida’s Office of Supplier Diversity (OSD).
The MBE certification is the most widely recognized certification for minority-owned businesses in the United States. To receive MBE certification, a company must be at least 51 percent owned, operated and controlled by an ethnic minority U.S. citizen and undergo a stringent review process.
“We’re really excited to have this certification. It comes at a time when government agencies are increasingly looking to diversify their procurement as a way to meet federal guidelines,” said Embark Safety’s Managing Partner, Edwin Sosa. “We’re now better positioned to build strategic alliances and partnerships to expand our fleet safety solutions across the country.”
Embark Safety is a client of the UCF Business Incubation Program at Central Florida Research Park in east Orange County.
The MBE certification is the most widely recognized certification for minority-owned businesses in the United States. To receive MBE certification, a company must be at least 51 percent owned, operated and controlled by an ethnic minority U.S. citizen and undergo a stringent review process.
“We’re really excited to have this certification. It comes at a time when government agencies are increasingly looking to diversify their procurement as a way to meet federal guidelines,” said Embark Safety’s Managing Partner, Edwin Sosa. “We’re now better positioned to build strategic alliances and partnerships to expand our fleet safety solutions across the country.”
Embark Safety is a client of the UCF Business Incubation Program at Central Florida Research Park in east Orange County.
Fastest WiFi in America to Come Standard at New Centex Community Sereno
Tampa, Fla. --- Sales are in full swing at Sereno, the newest Centex community in the Tampa area located on Bella Armonia Circle, just east of U.S. 301 and Sun City Center Blvd. in Wimauma.
Sereno, an ULTRAFi Community, is a first-of-its kind residential environment where every home is built to be a Smart Home and every resident will enjoy the fastest internet and WiFi speeds in North America.
Sean Strickler, division president for Centex and PulteGroup in the West Florida region, said homeowners at Sereno will enjoy up to an exclusive 1 Gigabit of internet and WiFi speeds (100 times faster than average broadband speeds) by the pool, on the trails, in the clubhouse and at the playground.
Strickler said homebuilder builds new one and two-story homes with two-car garages at the gated community where home buyers choose from four distinct floor plans.
New Centex homes with two to six bedrooms and two to three bathrooms are priced from the low $200s at Sereno, and range in size from 1,674 square feet of living area to 2,662 square feet.
There will be 48 new homes in the first phase at Sereno with water and preserve view homesites available, according to Strickler.
A recently completed model -- the Summerwood plan – is open for touring at Sereno.
The furnished and decorated one-story model offers four bedrooms and two baths in 2,007 square feet of living space. The design also offers some exciting options, including a den, owner’s suite walk-in shower, 4' garage extension, owner’s entry Drop Zone and extended covered lanai. The Summerwood model’s two-car garage features extra space for a golf cart or storage.
Amenities at Sereno include gated entry access, a private community swimming pool and cabana, clubhouse, children’s playground, a trail system covering several miles around the community, outdoor fitness stations, basketball half court, pickleball courts, tennis court, and dog park.
“We’ve had a great response with our grand opening pre-selling efforts, and we expect great success from this community. We encourage buyers to take a look soon as these homes will go quickly,” said Strickler.
To learn more visit www.centex.com/sereno or call 866-236-7851.
Sereno, an ULTRAFi Community, is a first-of-its kind residential environment where every home is built to be a Smart Home and every resident will enjoy the fastest internet and WiFi speeds in North America.
Sean Strickler, division president for Centex and PulteGroup in the West Florida region, said homeowners at Sereno will enjoy up to an exclusive 1 Gigabit of internet and WiFi speeds (100 times faster than average broadband speeds) by the pool, on the trails, in the clubhouse and at the playground.
Strickler said homebuilder builds new one and two-story homes with two-car garages at the gated community where home buyers choose from four distinct floor plans.
New Centex homes with two to six bedrooms and two to three bathrooms are priced from the low $200s at Sereno, and range in size from 1,674 square feet of living area to 2,662 square feet.
There will be 48 new homes in the first phase at Sereno with water and preserve view homesites available, according to Strickler.
A recently completed model -- the Summerwood plan – is open for touring at Sereno.
The furnished and decorated one-story model offers four bedrooms and two baths in 2,007 square feet of living space. The design also offers some exciting options, including a den, owner’s suite walk-in shower, 4' garage extension, owner’s entry Drop Zone and extended covered lanai. The Summerwood model’s two-car garage features extra space for a golf cart or storage.
Amenities at Sereno include gated entry access, a private community swimming pool and cabana, clubhouse, children’s playground, a trail system covering several miles around the community, outdoor fitness stations, basketball half court, pickleball courts, tennis court, and dog park.
“We’ve had a great response with our grand opening pre-selling efforts, and we expect great success from this community. We encourage buyers to take a look soon as these homes will go quickly,” said Strickler.
To learn more visit www.centex.com/sereno or call 866-236-7851.
Wednesday, August 26, 2015
CEO of DRW Life Skills Institute increasingly popular media Interview
KISSIMMEE, Fla. --- Dr. Wanda Bonet-Gascot, Ph.D., CEO of the DRW Life Skills Institute in Kissimmee, is becoming an increasingly active media consultant and interview subject on the topic of emotional intelligence and how increasing EI skills promotes happiness, well-being and self-confidence.
Appearing as “Dr. W,” Dr. Bonet-Gascot has recently appeared on Telemundo Orlando’s Orlando Avanza, Mira TV, Mundo Fox Orlando, Contigo Cada Mañana, Florida Exclusivo, La Voz and Conversando television and radio programs, and in the pages of Osceola's Woman Newspaper, Nosotras Magazine, El Coqui Newspaper and the UCF College of Medicine SPs e-newsletter.
“This media tour has been mainly focused on Spanish language channels and programs due to the increase of the Spanish-speaking community in Central Florida. I’m looking forward to expand the tour to the English and Brazilian community in 2016 offering opportunities to learn about the importance of emotional intelligence,” Dr. Bonet-Gascot said.
The DRW Life Skills Institute provides a safe and confidential environment to discover, learn and practice Emotional Intelligence with coaching, consulting, seminars, workshops and certifications.
Appearing as “Dr. W,” Dr. Bonet-Gascot has recently appeared on Telemundo Orlando’s Orlando Avanza, Mira TV, Mundo Fox Orlando, Contigo Cada Mañana, Florida Exclusivo, La Voz and Conversando television and radio programs, and in the pages of Osceola's Woman Newspaper, Nosotras Magazine, El Coqui Newspaper and the UCF College of Medicine SPs e-newsletter.
“This media tour has been mainly focused on Spanish language channels and programs due to the increase of the Spanish-speaking community in Central Florida. I’m looking forward to expand the tour to the English and Brazilian community in 2016 offering opportunities to learn about the importance of emotional intelligence,” Dr. Bonet-Gascot said.
The DRW Life Skills Institute provides a safe and confidential environment to discover, learn and practice Emotional Intelligence with coaching, consulting, seminars, workshops and certifications.
Winter Springs CEO Appointed Technology Judge at Global Trillion-Dollar CTIA 2015 Wireless Industry Convention Sept. 9-11
WINTER SPRINGS, Fla. -- Bill Stueber, founder of Wireless Assets Holdings LLC in Winter Springs, has been appointed as a Technology Judge at the CTIA Super Mobility 2015 wireless industry convention in Las Vegas September 9-11.
It’s the third straight year that Stueber, a 33-year veteran of the wireless industry, has been invited as a technology judge for the CTIA award program.
Super Mobility 2015 is the world’s largest trade convention for mobile, wireless and smart phone technology companies. The highly-competitive technology and innovation judging takes place across 18 different categories this year.
“CTIA is expecting more than 40,000 delegates from all over the world, including every major player from an industry that is rapidly changing the world,” Stueber explained.
Federal Communications Commission Chairman Tom Wheeler is a scheduled keynote speaker at the event, along with Sprint CEO Marcelo Claure, Glenn Lurie, CEO of AT&T Mobility, and Verizon Executive Vice President Marni Walden.
Wireless Assets, is a technology company that has developed a unique, highly-intuitive research metrics “dashboard” platform that allows institutional investors to experience complex analytics in a fraction of the typical time necessary to assimilate large amounts of data. The comprehensive, but simplified, view provides the company’s clients greater insight and a decidedly competitive edge.
Wireless Assets is the spun-off technology arm of Telecom Partners Group, a 13-year old telecommunications industry research group headquartered on Wall Street.
Rafael Caamano, associate director of the UCF Business Incubation program said Stueber ranks as one of the world’s leading experts in wireless industry technology.
“This appointment is a huge honor for Wireless Assets and the UCF Business Incubation Program, and big news for economic development in Winter Springs,” Caamano said.
Wireless Assets, with offices in New York, is a client of the UCF Business Incubator’s Soft Landing Program in Winter Springs.
It’s the third straight year that Stueber, a 33-year veteran of the wireless industry, has been invited as a technology judge for the CTIA award program.
Super Mobility 2015 is the world’s largest trade convention for mobile, wireless and smart phone technology companies. The highly-competitive technology and innovation judging takes place across 18 different categories this year.
“CTIA is expecting more than 40,000 delegates from all over the world, including every major player from an industry that is rapidly changing the world,” Stueber explained.
Federal Communications Commission Chairman Tom Wheeler is a scheduled keynote speaker at the event, along with Sprint CEO Marcelo Claure, Glenn Lurie, CEO of AT&T Mobility, and Verizon Executive Vice President Marni Walden.
Wireless Assets, is a technology company that has developed a unique, highly-intuitive research metrics “dashboard” platform that allows institutional investors to experience complex analytics in a fraction of the typical time necessary to assimilate large amounts of data. The comprehensive, but simplified, view provides the company’s clients greater insight and a decidedly competitive edge.
Wireless Assets is the spun-off technology arm of Telecom Partners Group, a 13-year old telecommunications industry research group headquartered on Wall Street.
Rafael Caamano, associate director of the UCF Business Incubation program said Stueber ranks as one of the world’s leading experts in wireless industry technology.
“This appointment is a huge honor for Wireless Assets and the UCF Business Incubation Program, and big news for economic development in Winter Springs,” Caamano said.
Wireless Assets, with offices in New York, is a client of the UCF Business Incubator’s Soft Landing Program in Winter Springs.
Berkadia Closes on 332 Apartment Units in Birmingham for $14,110,000
BIRMINGHAM, Ala. --- Berkadia, one of the nation’s largest and most active multifamily investment banking and research companies, recently completed the sale of the Devonshire Place and Sun Valley Apartments, a 332-unit multifamily property for $14,110,000 or $42,500 per unit.
David Oakley, managing director and Josh Jacobs, investment sales associate in Berkadia’s Alabama regional office negotiated the sale representing the New York-based seller of the apartments located at 2349 8th St. NW in Birmingham’s northwest corridor near Pinson and Center Point submarkets.
Built in 1971 and 1974, Devonshire Place and Sun Valley is a garden-style, two- and three-story community situated on approximately 19.76 acres of land with a density of 16.60 units per acre and an average unit size of 1,043 square feet.
The property houses a total of 346,260 square feet, offering a well-balanced unit mix of studio, one-, two-, and three-bedroom floor plans ranging in size from 500 to 1,560 square feet.
The buyer was New York-based Devonshire Apartments AL, LLC.
David Oakley, managing director and Josh Jacobs, investment sales associate in Berkadia’s Alabama regional office negotiated the sale representing the New York-based seller of the apartments located at 2349 8th St. NW in Birmingham’s northwest corridor near Pinson and Center Point submarkets.
Built in 1971 and 1974, Devonshire Place and Sun Valley is a garden-style, two- and three-story community situated on approximately 19.76 acres of land with a density of 16.60 units per acre and an average unit size of 1,043 square feet.
The property houses a total of 346,260 square feet, offering a well-balanced unit mix of studio, one-, two-, and three-bedroom floor plans ranging in size from 500 to 1,560 square feet.
The buyer was New York-based Devonshire Apartments AL, LLC.
NAI Realvest Negotiates $3,900,000 Sale of Winter Park Infill Industrial Facility
WINTER PARK, Fla. – NAI Realvest recently negotiated the $3,900,000 sale leaseback of the Accord Industries facility located at 4001 N. Forsyth Rd. in Winter Park.
The NAI Realvest team of Drew Saphos, CCIM, Chairman George Livingston, and Principal Christie Alexander negotiated the transaction on behalf of the seller, Accord Industries, LLC.
The 23.84 acre sale includes a partial long-term leaseback of the infill industrial site to Accord Industries, a privately held U.S. owned and operated manufacturer of extruded PVC pipe. Accord Industries will continue its operations at the Winter Park location.
The buyer is Winter Park-based Forsyth Commerce Center, LLC, who was represented by KR Properties of Central Florida.
The NAI Realvest team of Drew Saphos, CCIM, Chairman George Livingston, and Principal Christie Alexander negotiated the transaction on behalf of the seller, Accord Industries, LLC.
The 23.84 acre sale includes a partial long-term leaseback of the infill industrial site to Accord Industries, a privately held U.S. owned and operated manufacturer of extruded PVC pipe. Accord Industries will continue its operations at the Winter Park location.
The buyer is Winter Park-based Forsyth Commerce Center, LLC, who was represented by KR Properties of Central Florida.
Monday, August 24, 2015
Winter Springs Company Seico Technology Earns Major Contract from Dominican Republic Air Force
Winter Springs, Fla. -- Seico Technology in Winter Springs was recently awarded a major contract to provide sophisticated software and technical support to the Dominican Republic Air Force.
Mauricio Orjuela, general manager at Seico Technology, said the contract is one of the first of many he expects from Latin America.
“We opened our North American office in Winter Springs because it affords us a base from which to expand our business in Latin America and the Caribbean,” Orjuela said.
Under terms of the contract, Seico Technology will provide its proprietary Icarus Plus software and maintenance protocol system in the Dominican Republic.
Icarus Plus is a comprehensive system that optimizes and integrates data from multiple complex sources to help Air Force commanders implement required maintenance functions while controlling costs and eliminating errors.
Seico Technology, headquartered in Bogota, Colombia, chose Winter Springs and the UCF Business Incubator’s Soft Landing program to locate its first North American office. The company hopes to move its headquarters to Florida in the near future.
Mauricio Orjuela, general manager at Seico Technology, said the contract is one of the first of many he expects from Latin America.
“We opened our North American office in Winter Springs because it affords us a base from which to expand our business in Latin America and the Caribbean,” Orjuela said.
Under terms of the contract, Seico Technology will provide its proprietary Icarus Plus software and maintenance protocol system in the Dominican Republic.
Icarus Plus is a comprehensive system that optimizes and integrates data from multiple complex sources to help Air Force commanders implement required maintenance functions while controlling costs and eliminating errors.
Seico Technology, headquartered in Bogota, Colombia, chose Winter Springs and the UCF Business Incubator’s Soft Landing program to locate its first North American office. The company hopes to move its headquarters to Florida in the near future.
BERKADIA FACILITATES SALES OF ALABAMA APARTMENT PROPERTIES WORTH MORE THAN $154 MILLION OVER LAST 90 DAYS
Birmingham, Ala. – Berkadia recently negotiated the sale of nine multi-family investment properties over the past 90 days. The properties, which are located throughout Alabama, consist of 2,475 units and sold for a combined $154,060,000.
David Oakley, managing director of Berkadia’s Alabama office, said that his team negotiated the sales on behalf of the sellers. “These deals are a testament to the dedication of our team and the strength of multi-family market across the Southeast. We’re grateful for the opportunity to assist investors and look forward to continuing our relationships with them,” Oakley said.
The team’s largest sale of the period – Landmark at Magnolia Glen, a 1,080-unit property on Centennial Drive in Hoover, sold for $71.5 million to an investment group based in Irvine, Calif.
Most recently, the team facilitated the sale of two Center Point communities, Devonshire and Sun Valley. The communities sold together for a combined $14.11 million.
Other Birmingham area sales include Inverness Landing, a 322-unit property, which sold for $27.6 million; River Place on the Cahaba, a 213-property, which sold for $17.7 million; Town Park, a 270-unit property, which sold for $15.025 million; TimberChase, a 94-unit property, which sold for $4.825 million; and Fox Hall, a 36-unit property, which sold for $2.3 million. In Mobile, Woodland Square, a 128-unit property, for $4 million.
Royce Emerson and William Parkhurst brokered the River Place on the Cahaba and the Town Park transactions. Josh Jacobs brokered the TimberChase and the Devonshire-Sun Valley transactions.
Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties.
David Oakley, managing director of Berkadia’s Alabama office, said that his team negotiated the sales on behalf of the sellers. “These deals are a testament to the dedication of our team and the strength of multi-family market across the Southeast. We’re grateful for the opportunity to assist investors and look forward to continuing our relationships with them,” Oakley said.
The team’s largest sale of the period – Landmark at Magnolia Glen, a 1,080-unit property on Centennial Drive in Hoover, sold for $71.5 million to an investment group based in Irvine, Calif.
Most recently, the team facilitated the sale of two Center Point communities, Devonshire and Sun Valley. The communities sold together for a combined $14.11 million.
Other Birmingham area sales include Inverness Landing, a 322-unit property, which sold for $27.6 million; River Place on the Cahaba, a 213-property, which sold for $17.7 million; Town Park, a 270-unit property, which sold for $15.025 million; TimberChase, a 94-unit property, which sold for $4.825 million; and Fox Hall, a 36-unit property, which sold for $2.3 million. In Mobile, Woodland Square, a 128-unit property, for $4 million.
Royce Emerson and William Parkhurst brokered the River Place on the Cahaba and the Town Park transactions. Josh Jacobs brokered the TimberChase and the Devonshire-Sun Valley transactions.
Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties.
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