Done Deals

NAI Realvest Closes Lease Deals in Apopka, FL and Sanford, FL

2012-01-27T12:31:00.000-08:00

Michael Heidrich Team of Father and Son Negotiates New Lease for 7,200 SF at Apopka Industrial Center

MAITLAND, FL – NAI Realvest recently negotiated a new lease agreement that includes an option for the tenant to buy the property at 2325 Clark St. in Apopka.

NAI Realvest principal Michael Heidrich (top left photo) assisted his son, Michael Heidrich, Jr. (top right photo), a new associate at the firm, in negotiating the lease of the 7,200 square foot facility on behalf of the tenant, Avery Holdings, LLC of Colorado Springs, Colo.

It’s the first closed transaction for Michael Heidrich, Jr. who just joined NAI Realvest in the fourth quarter of last year.

The landlord, RJP Properties LLC of Tavares was represented by Robby Robinson of Florida Site Selectors.

For more information, contact:

Michael Heidrich, Jr. Associate, NAI Realvest 407-875-9989 mheidrichjr@realvest.com

Michael Heidrich, Principal NAI Realvest, 407-875-9989, mheidrich@realvest.com;

Patrick Mahoney, President, NAI Realvest 407-875-9989, pmahoney@realvest.com

Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com

NAI Realvest Negotiates Lease for 3,000 SF at Industrial facility in Sanford, FL

MAITLAND, FL – NAI Realvest recently negotiated a lease agreement for 3,000 square feet of industrial space at 3665 Delphini Way in the Delphini Airport Industrial Park North in Sanford off Lake Mary Blvd.

NAI Realvest associate Sean DuPree (lower right photo), CCIM brokered the transaction representing

the landlord, Delphini Industrial Park at Northstar LLC. of Altamonte Springs and the new tenant Conifer, LLC, a local manufacturer.

For more information, contact

Sean DuPree, CCIM, NAI Realvest 407-875-9989; sdupree@realvest.com;

Patrick Mahoney, President, NAI Realvest 407-875-9989, pmahoney@realvest.com;

Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com

Chatham Lodging Announces Fourth Quarter Earnings Call to be Held Feb. 23

2012-01-27T11:26:00.000-08:00

PALM BEACH, FL, Jan. 27, 2012 - Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on upscale extended-stay hotels and premium-branded select-service hotels, today announced that it will report fourth quarter 2011 financial results on Wednesday, February 22, 2012, following the close of the market.

On Thursday, February 23, 2012, at 10 a.m. ET, Jeffrey H. Fisher (top right photo), Chatham’s chief executive officer, and Dennis M. Craven, its chief financial officer, will host a conference call to review fourth quarter 2011 financial results.

Shareholders and other interested parties may listen to a simultaneous webcast of the conference call on the Internet by logging onto Chatham’s Web site, http://www.chathamlodgingtrust.com/, or http://www.streetevents.com/, or may participate in the conference call by calling 1-877-941-8631, reference number 4511083.

A recording of the call will be available by telephone until midnight on Thursday, March 1, 2012, by dialing 1-800-406-7325, reference number 4511083.

A replay of the conference call will be posted on Chatham’s website.

Additional information about Chatham may be found at www.chathamlodgingtrust.com.

Contact:

Jerry Daly, Carol McCune Dennis Craven

Daly Gray Public Relations Chief Financial Officer

(Media) (Company)

jerry@dalygray.com dcraven@cl-trust.com

(703) 435-6293 (561) 227-1386

Del Webb Stone Creek to Host Community Event Feb. 11 with Live Band, Food and Drinks

2012-01-27T11:15:00.000-08:00

OCALA, Fla. – Del Webb Stone Creek in Ocala will host a community event with food and drinks and a live band Saturday, Feb. 11, at the Stone Creek model park 6320 SW 89th Court Rd. in Ocala.

The event is free and open to the public.

Sean Strickler (lower right photo) vice president of sales for Del Webb in the north Florida region, said the event, scheduled for 1 to 4 p.m. will include tours of 11 model homes at Del Webb Stone Creek along with plenty of food and beverages and prizes, including AMC, Shell Gas and Visa gift cards.

Del Webb sells single family homes and twin villas at Del Webb Stone Creek that range in size from 1,157 square feet of living space to 2,611 square feet.

One of the largest Del Webb communities in the U.S., Del Webb Stone Creek features the Reflection Bay and Elan Spa community clubhouses and 29 acre gardens along with its own 18-hole championship golf course and the Stone Creek Grille, a favorite of the residents.

For more information, visit delwebb.com/stonecreek or call 877-333-5932.

Contacts:

Jennifer Hendry, Marketing Coordinator, PulteGroup North Florida Division, 904-217-0005, jennifer.hendry@pulte.com;

Lyndsey Patterson, Director of Marketing PulteGroup North Florida Divisions, 407-661-2150 ext 1416 2301 Lucien Way, Suite 400, Maitland, FL 32751; lyndsey.patterson@pultegroup.com;

Sean C. Strickler, Vice President Sales, PulteGroup/North Florida, 407-661-1461 sean.strickler@pultegroup.com;

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

Acquisition of NAI Global by C-III Capital Partners is Complete; Central Florida affiliate NAI Realvest to benefit from acquisition

2012-01-27T10:57:00.000-08:00

MAITLAND, FL, Jan. 27, 2011 — NAI Global, the largest network of independent commercial real estate firms worldwide, announced that its previously reported acquisition by C-III Capital Partners LLC (C-III) has been completed.

Financial terms of the NAI Global acquisition were not disclosed.

“We’re very excited about the opportunities this transaction will provide. NAI Realvest will continue to be the largest independently-owned full service real estate firm in this area, but this partnership with C-III will make us even more competitive both nationally and internationally”, said Patrick Mahoney (top right photo), president.

The transaction will help create a leading fully integrated commercial property services company that will operate in markets around the world. Locally based NAI Realvest is the central Florida representative of NAI Global.

C-III is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management.

C-III is led by chief executive officer Andrew L. Farkas (middle left photo), who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS). Its principal place of business is located in Irving, TX, and it has additional offices in New York, New York; Greenville, South Carolina; McLean, Virginia; Chicago, Illinois; Dallas, Texas and Nashville, Tennessee.

“The completion of this transaction represents a significant step forward in our strategy to build a fully diversified commercial real estate services company,” said Mr. Farkas.

“With the NAI Global acquisition, we are gaining the world’s leading commercial real estate network and a tremendous foundation for future growth. As we begin a new year, we look forward to partnering with the NAI team to provide enhanced services to the commercial and institutional real estate markets they serve as well as continuing to take advantage of other opportunities to grow and expand our platform.”

“We are thrilled to be joining forces with C-III and excited about the opportunity to deliver an even broader range of services to our members and add greater value to our collective corporate and investment clients. We look forward to tapping into their extensive resources and expertise to assist all of our clients in strategically optimizing their commercial real estate assets,” said Jeffrey M. Finn, (lower left photo) president and chief executive officer of NAI Global.

Contact:

Patrick Mahoney,

President

NAI Realvest

Tel: 407-875-9989

Email: pmahoney@realvest.com

www.nairealvest.com.

50 South Beach Condos Head To Foreclosure Auction In Next 30 Days

2012-01-26T15:22:00.000-08:00

MIAMI, FL -- Nearly 50 South Beach condo units in a variety of well-recognized projects such as the Setai Resort & Residences (top left photo), the Murano Grande (top right photo), the Portofino Tower, and the Flamingo South Beach (middle left photo) are headed to court-ordered foreclosure auctions in the next 30 days, according to a new report from CondoVultures.com.

The 48 units are slated to be auctioned off in an attempt to resolve nearly $14.5 million in final judgments of foreclosure against the individual borrowers and debtors, according to Miami-Dade County records.

A combination of banks and condo associations initiated the process for the foreclosure auctions, according to the records.

CondoVultures.com is scheduled to profile the latest trends in the fourth quarter of 2011 in the seven largest coastal condo markets in the tri-county South Florida region of Miami-Dade, Broward, and Palm Beach counties.

Since the week of Jan. 16, the Condo Vultures® Market Intelligence Report™ has been publishing a seven-part weekly series analyzing new condo sales trends in Greater Downtown Miami, South Beach, Sunny Isles Beach, Hollywood / Hallandale Beach, Downtown Fort Lauderdale and the Beach, Boca Raton / Deerfield Beach, and Downtown West Palm Beach and Palm Beach Island.

South Beach is defined as the stretch from South Pointe Drive north to the 24th Street, and the Atlantic Ocean west to Biscayne Bay. The market is comprised of the Oceanside, Art Deco District, and Bayside areas, according to the Condo Vultures® Official Condo Buyers Guide To South Beach™.

The highest priced foreclosure judgment slated for auction is against a high-floor condo with nearly 1,300-square-feet in ultra-luxury Setai project on 20th Street in Miami Beach.

Lender Bank of America has a final judgment for nearly $2.5 million against the Setai unit, according to Miami-Dade County records.

The next two highest priced foreclosure judgments are against high floor units in the Bentley Bay condo complex on West Avenue in South Beach.

Lender JP Morgan Chase Bank is owed nearly $1.5 million for the nearly 2,000-square-foot unit on the 14th floor. Lender U.S. Bank is owed nearly $1.05 million for a nearly 2,000-square-foot unit on the 16th floor of the project, according to the records.

Rounding out the top five highest priced foreclosure auctions scheduled for the next 30 days are a more than $950,000 judgment against a unit in the Bentley Beach condo on Ocean Drive and a nearly $673,000 judgment against a high floor unit in the Floridian condominium on West Avenue.

On a project-by-project basis, the oceanfront Roney Palace condominium on Collins Avenue has five units scheduled for auction in the next month, according to government records.

A trio of separate projects - Bentley Bay, Cosmopolitan Residences, and the Floridian – each have three units scheduled to be auctioned in the next 30 days, according to the government records.

The Waverly on South Beach and the Flamingo South Beach (lower left photo) projects each have two units scheduled for auction, according to government records.

In the first three weeks of 2012, there have already been 60 condos in South Beach auctioned off in an attempt to resolve nearly $12.1 million in final judgments of foreclosure.

An additional 27 condo units were slated for auction but the dates have since been canceled, according to government records.

The scheduled auction of four dozen South Beach units comes at a time when distressed condos represent 15 percent of the available condo inventory in the internationally known neighborhood of Miami Beach as of Jan. 24, 2012, according to an analysis by the licensed Florida real estate brokerage Condo Vultures® Realty LLC.

Condo Vultures® LLC is a real estate consultancy and marketing company based at 1005 Kane Concourse, Suite 205, Bal Harbour, Florida, 33154. You can reach Condo Vultures® LLC at 800-750-0517.

Engler Financial Group Presents Exclusive Offering of Alexander at the Perimeter in Dunwoody, GA

2012-01-26T13:31:00.000-08:00

Engler Financial Group is pleased to offer for sale Alexander at the Perimeter (top left photo), an upscale 380-unit midrise apartment community located in the Perimeter Center submarket of Dunwoody, Georgia.

The Property was developed in 2008 on the south side of Perimeter Center East, approximately 500 feet east of Ashford Dunwoody Road.

Alexander at the Perimeter is being offered for sale on an "unpriced" basis and represents an excellent opportunity to purchase a well-located Class "AA" apartment community in one of Atlanta’s most desirable submarkets.

Alexander at the Perimeter experienced impressive net effective rent growth throughout 2011. In fact, between March and December 2011, net rents at the Property increased 8.3% on average.

Future rent growth will be supported by continued household formation, with approximately 200,000 new households projected in Atlanta over the next five years.

Lack of new apartment construction within Atlanta’s "intown" submarkets (Midtown, Buckhead, Perimeter) coupled with strong absorption bodes well for further rent increases and lower vacancy rates going forward.

For a complete copy of the company’s flyer, please contact:

Greg Engler

CEO/President

(678) 992-2000, ext. 1

gengler@efgus.com

Pat Jones

Senior Vice President

(678) 992-2000, ext. 2

pjones@efgus.com

Kris Mikkelsen

Vice President

(678) 992-2000, ext. 4

kmikkelsen@efgus.com

Engler Financial Group, LLC | 1000 Windward Concourse, Suite 110 | Alpharetta, GA 30005 | www.efgus.com

Sperry Van Ness International Adds 16 Franchises Across the U.S. in 2011

2012-01-26T13:20:00.000-08:00

IRVINE, CA. (Jan. 26, 2012) – Sperry Van Ness International, one of the fastest-growing commercial real estate brokerage franchisors in the nation, added 16 new franchises across the United States in 2011.

The new franchises are part of Sperry Van Ness International’s national expansion program, which started in 2001 and has grown to more than 1,000 advisors and staff serving more than 150 markets today.

“We continue to expand the reach of our franchise by aligning with top firms across the country. Not only did we exceed our expansion goals in 2011, it was also our best year in terms of growth since the market peaked in 2007, ” said Kevin Maggiacomo (top right photo), chief executive officer and president of Sperry Van Ness International.

“Our industry-leading technology platform, combined with the local market expertise of our new advisors offer an unprecedented level of support to the existing and future clients of Sperry Van Ness.

The following firms are now independently owned and operated franchises of Sperry Van Ness International:

·SVN/Tarheel Commercial, led by Jay Taylor and Kenneth Lucas, is located in Raleigh, N.C.
SVN/The Hintze Group, led by Hay Hintze and John Klement, is located in Glendale, Wis.
SVN/United Apartment Group, led by Ted Booras, is located in San Ramon, Calif.
SVN/Investec Realty Services-Memphis, led by Anthony Lopes, John Snyder and Jon Albright, is located in Memphis, Tenn.
SVN/Investec Realty Services-Nashville, led by Anthony Lopes, John Snyder and Jon Albright, is located in Nashville, Tenn.
SVN/Stewart Commercial Realty, LLC, led by Dan Stewart, is located in Ann Arbor, Mich.
SVN/Norris Commercial Group, LLC, led by William Michael Norris, is located in New Braunfels, Texas.
SVN/First Guardian Group, led by Paul Getty and Dinesh Gupta, is located in San Jose, Calif.
SVN/Realsite Group, led by Anthony Casalena, is located in New York, N.Y.
SVN/Commercial Advisory Group, led by Larry Starr, is located at in Sarasota, Fla.
SVN/Promus Commercial, led by Lauri Greenblatt Hines, Scott Cook and Jim Taylor, is located in San Diego, Calif.
SVN/Bluestone & Hockley, led by Cliff Hockley and Julie Hockley, is located in Portland, Ore.
SVN/Valley Commercial Real Estate, led by Ryan Childers, Travis Lyon and Jim Taylor, is located in El Centro, Calif.
SVN/Resort Management, LLC, led by Robert Hasman, is located in Las Vegas, Nev.
SVN/Hayoun, led by Sylvain Hayoun, is located in Boulder, Colo.
SVN/The Genesis Group, led by Carnell Scruggs, is located at in Nashville, Tenn.

“The Sperry Van Ness platform continues to attract significant interest from new franchisees across the country seeking innovative technology tools, marketing expertise, training and a collaborative culture focused on the client,” added Maggiacomo. “We are looking to build on this momentum in 2012 with aggressive growth goals targeting 25 new franchises.”

For more information, visit www.svn.com.

Contact:

Megan Morales

Sperry Van Ness

714.273.2472

megan.morales@svn.com

HFF secures $52 million in acquisition financing for student housing communities serving The University of North Texas and Texas Tech University

2012-01-26T12:37:00.000-08:00

INDIANAPOLIS, IN – HFF announced today that it has secured acquisition financing totaling $52 million on behalf of The Scion Group and Arch Street Capital Advisors.

The acquired properties were The Retreat at Denton (top right photo) and The Retreat at Lubbock (top left photo), Class A, cottage-style student housing communities serving The University of North Texas (lower right photo) in Denton and Texas Tech University (lower left photo) in Lubbock.

Upon acquisition The Scion Group rebranded the properties to The Republic at Denton (www.republic-denton.com) and The Republic at Lubbock (www.republic-lubbock.com).

HFF placed the five-year, interest-only securitized loans with Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. An $18.18 million, fixed-rate loan was arranged for The Republic at Denton and a $34.02 million, fixed-rate loan was arranged for The Republic at Lubbock. The loans will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.

Completed in fall 2011, The Republic at Denton has 125 units with 492 beds that are 97 percent occupied. Community amenities include a clubhouse, saltwater pool, outdoor volleyball court, theater and gaming room, horseshoe pit, basketball court, fitness center, bbq grills, tanning beds, poker room, music studio and clubroom with foosball and pool tables. The property is situated on 14.97 acres at 500 Inman Street about one mile south of The University of North Texas campus.

The Republic at Lubbock has 218 units/853 beds in two-, three-, four- and five-bedroom layouts.

The 98 percent leased property opened in the fall of 2011 and offers residents a clubhouse, fitness center, pool, volleyball court, poker room, movie theatre, golf simulator, horseshoe pit, putting green, basketball court, tanning beds and a pet-friendly community.

Located at 3824 Erskine Street, the property is situated on 31.5 acres about one mile northwest of the Texas Tech campus.

The HFF team representing The Scion Group was led by senior managing director Dave Keller and senior real estate analyst Ken Martin.

Contacts:

DAVID B. KELLER

HFF Senior Managing Director

(317) 630-3191

dbkeller@hfflp.com

KRISTEN MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com

HFF named to market for sale Avalon Lombard in Lombard, Illinois

2012-01-26T12:15:00.000-08:00

CHICAGO, IL – HFF announced today that it has been named to market for sale Avalon Lombard (top left photo), a 256-unit multi-housing community in Lombard, Illinois.

HFF is marketing the property on behalf of the seller for an undisclosed amount free and clear of debt.

Avalon Lombard is located at 2101 South Finley Road close to the intersection of Interstates 355 and 88 about 22 miles west of downtown Chicago.

The property was partially renovated in 2009 and has one- and two-bedroom units averaging 789 square feet each. Community amenities include a clubhouse, fitness center, WiFi lounge, game room and outdoor pool. Avalon Lombard is 96.5 percent leased.

The HFF investment sales team representing the seller is led by managing director Marty O’Connell (middle right photo), executive managing director Matthew Lawton (lower left photo) and managing director Sean Fogarty (lower right photo).

Contacts:

MARTY O’CONNELL

HFF Managing Director

(312) 528-3650

moconnell@hfflp.com

KRISTEN MURPHY
HFF Associate Director, Marketing
(713) 852-3500
krmurphy@hfflp.com

NMS Properties’ New Affordable Apartments Open in Santa Monica, CA and Redefine Inexpensive Housing Expectations

2012-01-26T11:47:00.000-08:00

SANTA MONICA, CA, Jan. 26, 2012, NMS Properties opens Luxe @ Broadway Studio Apartments (top left photo) as the newest addition to the NMS Properties multifamily affordable portfolio in Santa Monica.

Luxe @ Broadway Studio Apartments will feature 97 studio and junior one bedroom residential dwellings for rent over retail and three floors of subterranean parking.

“NMS Properties has redefined affordable living choices in Santa Monica with our latest project Luxe @ Broadway Studio Apartments. Our focus on upgraded interior finishes is equally matched with interesting exterior spaces that lends to the overall original design aesthetic. NMS Properties brand quality is seen in every detail of the project,” says Jim Andersen (lower right photo) President of NMS Properties.

"Luxe @ Broadway Studio Apartments is a truly unique project. It was designed around an original historic World War II metal Quonset hut.

“ Designing a setting that felt natural by using walls of plant material alongside a uniquely layered green exterior provides an organic appeal and depth to this city space." says John Arnold AIA of Killefer Flammang Architects who partnered with NMS Properties on this project.

Contact:

David Ebeling

Ebeling Communications

(p) 949.861.8351

david@ebelingcomm.com

Arbor Closes 6 Fannie Mae Deals Across Texas Totaling $46.5M

2012-01-26T11:35:00.000-08:00

UNIONDALE, NY (Jan. 26, 2011) -Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC and a national, direct commercial real estate lender, announced the recent funding of six loans totaling $46,491,700 under the Fannie Mae DUS® Loan, Fannie Mae DUS® Multifamily Affordable Housing and Fannie Mae DUS® ARM 7-6 TM product lines across Texas.

These loans include:

· Red Oak Town Village Apartments, Red Oak, TX (top left photo) – This 312-unit complex received $16,967,700 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Red Oak Town Village Apartments is a new, Class A property.

South Lake Villas Apartments, Houston, TX (top right photo) – This 228-unit complex received $8,008,000 funded under the Fannie Mae DUS® Multifamily Affordable Housing product line. The 10-year refinance loan amortizes on a 30-year schedule. South Lake Villas has undergone several recent renovations.

· Madera Brookside, Arlington, TX (middle left photo)– This 288-unit complex received $8,000,000 funded under the Fannie Mae DUS® ARM 7-6TM product line. The seven-year refinance loan amortizes on a 30-year schedule. The property recently underwent an extensive renovation and has benefitted from increasing rents and occupancy.

Anderson Springs Apartments, Austin, TX (middle right photo) – This 325-unit complex received $7,826,000 funded under the Fannie Mae DUS® Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

· Broadmoor Villa Apartments, Irving, TX – This 100-unit complex received $3,500,000 funded under the Fannie Mae DUS® Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. The Broadmoor Villa Apartments are located near Dallas/Fort Worth International airport.

Creekside Estates, Lufkin, TX (lower left photo)– This 72-unit complex received $2,190,000 funded under the Fannie Mae DUS® Multifamily Affordable Housing product line. The 10-year refinance loan amortizes on a 30-year schedule. Creekside provides affordable housing within its market as part of the Low Income Housing Tax Credit program.

All of the loans were originated by Jay Porterfield (lower right photo) Vice President, in Arbor’s Plano, TX, office. “Each of these transactions involved extremely strong and experienced local borrowers, which helped make the loan approval process a success in each case, Porterfield said. “Furthermore, each of the assets is in excellent condition and benefits from substantial local market demand.”

Contact: Christopher Ostrowski, costrowski@arbor.com

Foreclosure Homes Account for 20% of all U.S. Residential Sales in Q3 2011, According to RealtyTrac®

2012-01-26T09:13:00.000-08:00

IRVINE, CA– Jan. 26, 2012 — RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosures, today released its Q3 2011 U.S. Foreclosure Sales Report™, which shows that sales of homes that were in some stage of foreclosure or bank owned accounted for 20 percent of all U.S. residential sales in the third quarter of 2011, down from 22 percent of all sales in the second quarter and down from 30 percent of all sales in the third quarter of 2010.

Third parties purchased a total of 221,536 residential properties in some stage of foreclosure (NOD, LIS, NTS, NFS) or bank-owned (REO) during the third quarter, down 11 percent from a revised second quarter total and down 5 percent from the third quarter of 2010.

The average sales price of homes in foreclosure or bank owned was $165,322 in the third quarter, up 1 percent from the previous quarter but down 3 percent from the third quarter of 2010.

The average sales price of these foreclosure-related sales was 34 percent below the average sales price of homes not in foreclosure, matching the 34 percent foreclosure discount in the second quarter but below the 37 percent discount in the third quarter of 2010.

“While foreclosures continue to represent an excellent bargain-buying opportunity for many buyers and investors, foreclosure sales accounted for a smaller share of the total market in the third quarter,” said Brandon Moore (top right photo), chief executive officer of RealtyTrac

“That trend is not too surprising given the continued ambiguity surrounding proper foreclosure procedures — and the ripple effect that has on sales of foreclosed properties that might have been improperly foreclosed.

“The sooner the market gets more clarity about accepted foreclosure procedures, primarily through the long-promised settlement between multiple states attorneys general and major lenders, the sooner the market can more efficiently dispose of these distressed properties.

“Even with the hurdles to selling foreclosures, foreclosure sales continue to represent a historically high percentage of all sales,” Moore continued. “In 2005 and 2006, foreclosure sales consistently accounted for less than 5 percent of all sales nationwide.”

For a complete copy of the company’s report and statistics, please contact:

Christine Stricker

949.502.8300, ext. 268

christine.stricker@realtytrac.com

Michelle Schneider

Public Relations Consultant

RealtyTrac

Office: 949.502.8300 ext. 139

Mobile: 760.419.2543

michelle.schneider@realtytrac.com

Follow me at Twitter.com/michellescc1

Brown Harris Stevens Reports Sales Activity on Fourth Quarter, Single-Family Homes in East End of Long Island, NY

2012-01-26T08:57:00.000-08:00

NEW YORK, NY---According to the fourth quarter market report for single-family homes on the East End of Long Island released today by Brown Harris Stevens, the average residential sale price in the South Fork of $1,708,983 was down 8% when compared to the fourth quarter of 2010. At $842,500, the median price was down 13% over that same period.

“It is encouraging to see an increase in the number of sales in the Hamptons. It reflects the level of activity we are currently experiencing,” said Cia Comnas (top right photo) executive managing director of Brown Harris Stevens of the Hamptons. “Our report reflects 298 single-family home sales in the fourth quarter, up 3% from the same period last year.”

Report highlights include:

On the South Fork, sales under a $1 million rose 16% with 178 closings in the 4th quarter of 2011 and 153 in the 4th quarter of 2010.

In the Amagansett market, the number of sales was unchanged from the same period last year with sales under $1 million comprising 10% more of the market than in the fourth quarter of 2010.

Both the average and median prices in the Bridgehampton market rose sharply due to a significant increase in sales over $8 million.

Sag Harbor saw the biggest increase in the number closings with 33 in the 4th quarter of 2010 and 56 in 2011’s 4th quarter.

Both the Southampton and Westhampton markets were on par with the same period in 2010.

For a complete copy of the company’s report, please contact:

Jennifer Little

Rubenstein Public Relations

212.843.8364

jlittle@rubensteinpr.com

Brown Harris Stevens

www.BrownHarrisStevens.com.

Cia Comnas, executive managing director

Gregory Heym

Chief Economist

Kielley Young

Research Associate

Thomas D. Wood and Co. Finds Financing for Eight Businesses in Florida

2012-01-25T12:00:00.000-08:00

MIAMI, FL, Jan. 25, 2012 -- Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of

$16,190,000. $970,000 for the 8th Avenue Shopping Center in Palmetto, Florida,
$1,720,000 for the Mary Matha Shopping Center in Fort Pierce, Florida, $1,200,000 for the Dollar General in Apopka, Florida,
$1,000,000 for the Dollar General in Orlando, Florida,
$1,100,000 for the Shoppes of East Deltona in Deltona, Florida,
$1,200,000 for the Shops of 7th Street in Miami, Florida,
$4,000,000 for the Port 95-1 Ltd Industrial Building in Hollywood, Florida and $5,000,000 for the Merrill Industrial Center in Fort Lauderdale, Florida.

Brad Cox, CCIM, CPM, Company Vice President, secured financing for the 8th Avenue Shopping Center in the amount of $970,000 through Thomas D. Wood and Company's correspondent relationship with The Standard Life Insurance Company.

The permanent, fully-amortizing, full-recourse loan has a term of 15 years, based on an interest rate of 5.75%, and a loan-to-value of 66%. The borrower wanted a fully amortizing loan that would take advantage of today's low interest rates. The 12,100 square-foot retail complex was built in 2005 and is located at 1162-1190 8th Avenue West, Palmetto, Florida 34221.

Cox also secured financing for the Mary Matha Shopping Center in the amount of $1,720,000 through Thomas D. Wood and Company's correspondent relationship with The Standard Life Insurance Company. The permanent, fully-amortizing loan has a term of 15 years, based on an interest rate of 5.5% and a loan-to-value of 50%. The 36,364+ square-foot multi-tenant retail shopping center was built in 1979 and was remodeled in 2011. Mary Matha Shopping Center is located at 3205-3223 South US Highway 1, Fort Pierce, Florida 34982.

Joe Dear, Company Vice President, secured financing for Dollar General Apopka in the amount of $1,200,000 through Thomas D. Wood and Company's correspondent relationship with The First Colony Bank. The permanent fully-amortizing, full-recourse loan has a term of 15 years, based on an interest rate of prime +1% and a loan-to-value of 70%. The borrower needed a construction loan for a build-to-suit single tenant facility. The 9,100 square-foot single-tenant retail building is in the process of being built and is located at 1712 Rock Springs Road, Apopka, Florida 32712.

Dear also secured financing for Dollar General Orlando in the amount of $1,000,000 through Thomas D. Wood and Company's correspondent relationship with The Ohio National Life Insurance Company. The permanent, fully-amortizing, non-recourse loan has a term of 15 years, based on an interest rate of 5.50% and a loan-to-value of 70%. The borrower wanted a long term, fixed rate loan secured by a recently completed Dollar General Store. The 9,100 square-foot single-tenant retail building was built in 2011 and is located at 7965 Valencia College Lane, Orlando, Florida 32825.

Jeff Schnupp, Company Vice President, secured financing for the Shoppes of East Deltona in the amount of $1,100,000 through Thomas D. Wood and Company's correspondent relationship with The Standard Life Insurance Company. The permanent, fully-amortizing loan has a term of 15 years, based on an interest rate of 5.625% and a loan-to-value of 67%. The 8,450 square-foot multi-tenant retail strip center was built in 2009 and is located at 121 Howland Boulevard, Deltona, Florida 32738.

Thomas D. Wood, Jr., Company President, secured financing for the Shops of 7th Street in the amount of $1,200,000 through Thomas D. Wood and Company's correspondent relationship with The Standard Life Insurance Company. The permanent, fully-amortizing, full-recourse loan has a term of 20 years, based on an interest rate of 5.750% and a loan-to-value of 67%. The borrower wanted a fully amortizing loan that would take advantage of today's low interest rates. The 14,700 square-foot retail strip center building was built in 1979 and is located at 2815 NW 7th Street, Miami, Florida 33125.

Marshall Smith, Company Executive Vice President, secured financing for Port 95-1 Ltd, through Thomas D. Wood and Company's correspondent relationship with Kansas City Life Insurance Company in the amount of $4,000,000. The fixed-rate loan has a term of 10 years, based on a 25-year amortization, with a loan-to-value of 75%. The borrower wanted to refinance the loan to take advantage of today's low interest rates before it matured in another year and a half. The 76,800 square-foot multi-tenant industrial complex was built in 1992, and is located at 3611-3655 SW 30th Avenue, Hollywood, Florida 33312.

Steven H. Wood, Company Chief Operating Officer, secured financing for Merrill Industrial Center in the amount of $5,000,000 through Thomas D. Wood and Company's correspondent relationship with Symetra Life Insurance Company. The 10 year, 25 year amortizing, non-recourse loan is based on an interest rate of 5.40% and a loan-to-value of 69.44%. The borrowers refinanced a matured loan. The 134, 342 square-foot industrial complex sits on 8.46 acres of land and was originally built in 1969/1992. Merrill Industrial Center is located at 3400-3406 SW 26 Terrace, Fort Lauderdale, Florida 33312.

For further information, please contact:

Ashlee Wood

Director of Marketing and Public Relations

(305) 447-7834

ashlee@tdwood.com

Brad Cox, CCIM, CPM

Vice President

(941) 552-9731

bcox@tdwood.com

Joe Dear

Vice President

(407) 937-0470 ext. 7

jdear@tdwood.com

Jeff Schnupp

Vice President

(407) 937-0470 ext. 3

jschnupp@tdwood.com

Thomas D. Wood Jr.

President

(305) 447-7823

tomjr@tdwood.com

Marshall Smith

Executive Vice President

(305) 447-7825

msmith@tdwood.com

Steven H. Wood

Chief Operating Officer

(305) 447-7836

swood@tdwood.com

www.tdwood.com

Medical company opening Clearwater, FL operation with 150-plus jobs

2012-01-25T11:45:00.000-08:00

CLEARWATER, FL (Jan.25, 2012) – Matrix Medical Network, a provider of health assessments to members of Medicare Advantage health plans, is opening a marketing outreach center in Clearwater with plans for at least 150 employees.

Headquartered in Scottsdale, Ariz., Matrix has leased 20,363± square feet in the 92,225-square-foot Bayview Pavilion office building in Clearwater.

Alan Feldshue and Melanie Jackson of Colliers International Tampa Bay represented the landlord, Lightwave Drive, LLC. Matrix Medical Network was represented by Jarrett Dunaway of Mohr Partners out of Dallas.

Retained by Medicare Advantage health plans, Matrix’s nurse practitioners visit plan members in their homes to create comprehensive and all-inclusive health records for the health plan and for the member’s primary care physician. The nurse practitioners also provide members with health information specific to their needs to help them better maintain their health, comfort and lifestyle in their home.

Matrix Medical Network plans to be taking applications for positions at the new facility starting in April. The job requires interpersonal and phone skills, since the outbound callers will be explaining the Matrix Medical Network process to primarily elderly health plan members. Employees at the new Clearwater office will be setting up appointments throughout the country for the nurse practitioner visits.

“As a company that operates throughout the country, we can locate our call centers virtually anywhere,” said Jose Rodriguez, Matrix Vice President of Business Operations. “We selected the Tampa Bay area because we believe the people with the skills and talents we need to be successful are here.”

The office space, located at 15550 Lightwave Drive in Clearwater, was attractive to Matrix because of its central location, covered parking, large windows and open floor plan, all conducive to a quality operations center atmosphere. Matrix’s lease increases the occupancy of the Bayview Pavilion building to 91 percent.

“Large Class A office space that’s well maintained and centrally located in the Tampa Bay area is very appealing to new companies entering the market,” said Alan Feldshue, Managing Director of Office Services for Colliers International Tampa Bay. “Matrix Medical Network’s lease is an example of that.”

To apply for a position, or to learn more about the opportunities, potential applicants should visit www.MatrixHealth.net or can call 877-564-3627.

Contact:

Kyle Parks

Bayview Public Relations

(727) 895-5030, ext. 101 (office)

(813) 352-1325 (cell)

Kyle@BayviewPR.com

NAI Realvest Negotiates Renewal Lease of 12,897 SF of Industrial Space at Springview CommerCenter in DeBary, FL

2012-01-25T11:37:00.000-08:00

DeBary, FL – NAI Realvest recently negotiated a lease renewal for 12,897 square feet of industrial space at Springview CommerCenter in DeBary.

Michael Heidrich, principal in the Maitland-based firm, negotiated the transaction on behalf of the landlord, Springview CommerCenter LLC.

The tenant, Avatar Relocation, Inc. of Longwood, renewed its lease of Suite 6 at 290 Springview Commerce Drive in the center located in the Springview Industrial Park off Shell Road.

For more information, please contact:

Michael Heidrich, Principal, NAI Realvest 407-875-9989, mheicrich@realvest.com

Patrick Mahoney, President, NAI Realvest 407-875-9989, pmahoney@realvest.com

Beth Payan or Larry Vershel, LV Communications, 407-644-4142, Lvershelco@aol.com

NAI Realvest Launches Energy Site Selection Team to Focus on Alternative Energy Market

2012-01-25T11:30:00.000-08:00

ORLANDO, Fla. – NAI Realvest, which ranks as one of Central Florida’s largest, fully integrated commercial real estate companies, has launched an Energy Site Selection Team to assist alternative energy producers with locating suitable sites for solar, waste-to-energy, and biomass production facilities.

George Livingston, chairman at NAI Realvest, said alternative energy production is an increasingly important industry segment with exceptional growth potential.

“The solar market is changing,” Livingston said.

“While the U.S. Government subsidies have been removed, the cost of panels has declined dramatically and may continue to do so over the foreseeable future,” Livingston explained.

As solar technology advances and solar panel costs decline, the industry will compete head to head with fossil fuel producers on a cost basis, Livingston explained.

“Environmental concerns over coal and nuclear power will also increase demand for solar power, which is clean and renewable,” he said.

Increasing fuel costs will drive the overall cost to produce electricity higher, which makes solar more attractive.

“It is likely that ‘solar utilities’ will flourish in the coming years,” Livingston said.

But the biggest advantage is a secret.

“Solar power production requires a short time to permit, build and bring online, and life cycle maintenance is very low-cost,” Livingston said.

A solar farm can be permitted, constructed and brought online in a year or less, Livingston said.

For more information, contact

George Livingston, Chairman, NAI Realvest 407-875-9989 glivingston@realvest.com

Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com

Larry Vershel or Beth Payan Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com

HFF named to market for sale 400 Duval Street in Key West, FL

2012-01-25T11:24:00.000-08:00

MIAMI, FL – HFF announced today that it has been named to market for sale 400 Duval Street, a 32,199-square-foot, urban retail property in Key West, Florida.

HFF is marketing the property on behalf of the seller, a venture comprised of Longwharf Real Estate Partners and JBK Capital, LLC. The property is listed for sale without a formal asking price free and clear of debt.

400 Duval Street is situated in the heart of Key West on a 0.80-acre site at the hard corner of Duval and Eaton Streets. The multi-tenant property is fully leased to national tenants including Chico’s, Claire’s Boutique, RadioShack, Subway, Fresh Produce and Earthbound Trading Company, and has enjoyed a long history of strong occupancy and long-term tenure. Originally built in 1924, 400 Duval Street is the largest multi-tenant retail property with significant frontage along Duval Street.

The HFF investment sales team representing the seller is led by managing director Danny Finkle and director Luis Castillo. Claude Gardner of Prudential Knight & Gardner Realty is co-marketing the listing with HFF.

“400 Duval Street represents a unique opportunity to acquire a proven ‘high-street’ retail property with prominent national tenancy in one of the highest barrier to entry markets in the U.S.,” said Finkle.

“Key West’s global appeal and tourism draw combined with the strong tenant sales ranging from $570 to $720 per square foot at the property, and significant value creation potential, make this one of the most attractive offerings in the market today.

“ In-fill ‘high-street’ retail is an asset class that is currently in favor given its propensity to outperform the general market and this property should similarly benefit over the long term,”

Contacts:

DANIEL FINKLE LUIS CASTILLO

HFF Managing Director HFF Director

(305) 448-1333 (305) 448-1333

dfinkle@hfflp.com lcastillo@hfflp.com

KRISTEN MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com

HFF hires Robert Rizzi as managing director in its New York office

2012-01-25T11:08:00.000-08:00

NEW YORK, NY – HFF announced today that Robert Rizzi has joined the firm as a managing director in its New York office. Mr. Rizzi will focus on equity and joint venture capital as well as investment sales transactions in the New York metropolitan area.

Prior to joining HFF, Mr. Rizzi was a managing partner at Broad Street Advisors where he closed more than $4 billion in transactions since co-founding the firm in 2000.

Mr. Rizzi has closed a broad array of product and transaction types, with both private and institutional clients such as American Realty Capital Partners, AREA Property Partners, Buchanan Street Partners, Clarion Partners, Deutsche Bank, GE Capital, Invesco Real Estate, Investcorp, Montecito Medical, Morgan Stanley, Orion Residential, PM Realty, RREEF Funds, Starwood Capital, and USAA Real Estate, among others.

He began his career at Harbert Realty Services in Tampa as a regional markets manager in the firm’s Investment Services Group. Mr. Rizzi has a Master of Business Administration degree and a Bachelor of Science degree in Accounting from The University of South Florida.

“Rob has a diverse background executing a wide range of investment sales, debt and equity transactions not only in the New York metropolitan area but on a nationwide basis and we are looking forward to having him as a member of our team,” said Michael Tepedino (middle left photo), senior managing director in HFF’s New York office.

Contacts:

MICHAEL J. TEPEDINO

HFF Senior Managing Director

(212) 245-2425

mtepedino@hfflp.com

KRISTEN M. MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com

HFF closes $16 million sale of two multi-housing properties in Philadelphia

2012-01-25T09:49:00.000-08:00

FLORHAM PARK, NJ – HFF announced today that it has closed the sale of Red Lion Apartments (top left photo) and Cheswick Apartments (top right photo), two multi-housing properties totaling 231 units in Philadelphia, Pennsylvania.

HFF marketed the offering on behalf of the seller, AIG Global Investment Group. The Galman Group purchased the assets for $16.147 million.

The properties are part of the second pool of assets HFF has marketed and sold for AIG Global Investment Group. In July 2011, HFF closed the $241.5 million sale of a 2,185-unit multi-housing portfolio in central New Jersey.

These assets are 94 percent leased overall. Individual property details are below:

Red Lion Apartments, Philadelphia, PA 120 Units

Cheswick Apartments, Philadelphia, PA 111 Units

The HFF team representing AIG Global Investment Group included senior managing directors Jose Cruz (middle left photo) and Andrew Scandalios (lower right photo), directors Jeffrey Julien and Kevin O’Hearn and associate director Mike Oliver.

“These are very good core plus properties in stable markets,” said Cruz. “The Galman Group will do very well with these properties over the long term.”

AIG Investments comprises a group of international companies, which provide investment advice and market asset management products and services to clients around the world. AIG Investments is a worldwide leader in asset management, with extensive capabilities in equity, fixed income, hedge funds, private equity and real estate.

The Galman Group owns and manages more than 6,000 apartment communities and condominiums in the Delaware Valley region.

Contacts:

JOSE R. CRUZ ANDREW G. SCANDALIOS

HFF Senior Managing Director HFF Senior Managing Director

(973) 549-2000 (212) 245-2425

jcruz@hfflp.com ascandalios@hfflp.com

KRISTEN M. MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com

NAI Realvest negotiates new Lease of 7,500 SF for Massey Services’ Orange City, FL Office

2012-01-24T12:26:00.000-08:00

ORANGE CITY, Fla. – NAI Realvest recently negotiated a lease agreement for 7,500 square feet of office/warehouse space at 830 South Volusia Ave. in Orange City.

Michael Heidrich (top right photo), principal at NAI Realvest, based in Maitland, brokered the transaction on behalf of landlord John T. Mahoney of Winter Park.

The new tenant is Orlando-based Massey Services, Inc. who relocated its Orange City offices from another nearby industrial facility in the area.

For more information, please contact:

Michael Heidrich, Principal, NAI Realvest 407-875-9989 mheicrich@realvest.com

Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com

Beth Payan or Larry Vershel, LV Communications, 407-644-4142 Lvershelco@aol.com

Incentive Properties, Inc. opens offices in Altamonte Springs, FL

2012-01-24T12:20:00.000-08:00

ALTAMONTE SPRINGS, FL --- Incentive Properties, Inc. has opened new offices at 445 Douglas Ave. Suite 2205-D in Altamonte Springs.

Joseph Schwartz (left) and Andy Katzman (right), partners and principals at Incentive Properties, said the firm helps investors acquire real estate properties.

“Our focus is to help investors obtain a 15 percent return on their real estate properties,” Schwartz said.

The firm has been in business a little over a year and, according to Schwartz, has more than 30 working portfolios now and adding more and more on a daily basis.

For more information, contact:

Winston Schwartz, President, Winston-James Development, Inc. 933 Beville Rd., South Daytona, FL 32119; PH: 386-760-2555

Larry Vershel, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

Value, Accountability are Keys to Success in Professional Consulting Practice WeinPlus’s Rachel Elias Wein Tells MArch Candidates

2012-01-24T12:03:00.000-08:00

ST. PETERSBURG, FL --- Value and accountability are the most important keys to a successful professional practice, according to Rachel Elias Wein (top right photo), founder and principal of WeinPlus Real Estate Advisory Services in St. Petersburg.

Wein, who addressed students in the Masters in Architecture program at the University of Florida (middle left photo) recently, said the economic downturn has increased demand for these metrics in all segments of professional consulting.

“Value and accountability are objective measures and successful professionals demonstrate and document those measures to their clients in ways the clients can grasp enthusiastically,” Wein said.

“Professional consultants typically view a project in ways managers don’t,” Wein told the group.

“There is always a temptation for consultants to perpetuate a problem — as the problem exists the consultant still has work to do and fees to bill. That perspective has negative consequences for the individual and the profession. Clients won’t want to hire you and colleagues won’t want to work with you,” Wein said.

“You’re not here to sell your services,” Wein said. “You’re here to help your clients succeed.”

Wein, whose professional credentials include Masters Degrees in both architecture and real estate, said successful consultants today can document the value of their contribution toward a project.

“When I do project planning, I aim to generate a return of 10 to 15 times my fees for the client. If that sort of return is not feasible — if I can’t generate 10 to 15 times the profits a client is paying for — we’ll stop,” she said.

For more information, contact

Rachel Elias Wein, AIA, Principal, WeinPlus, 727-386-9346, www.weinplusassociates.com

Larry Vershel, Beth Payan, Larry Vershel Communications 407-644-4142 Lvershelco@aol.com

HFF secures $56 million refinancing for student housing community near San Diego State University

2012-01-24T11:47:00.000-08:00

SAN DIEGO, CA – HFF announced today that it has secured a $56 million refinancing for Sterling Collwood (top centered photo), a 260-unit, Class AA student housing community near San Diego State University (SDSU) (top right photo) in San Diego, California.

Working exclusively on behalf of AIG Global Real Estate Investment Corp., HFF placed the seven- year, 4.57 percent fixed-rate loan with M&T (FNMA). Loan proceeds are refinancing an existing construction loan.

Completed in 2010, Sterling Collwood has three residential buildings with studio, two- and four-bedroom furnished and unfurnished units averaging just over 1,400 square feet each.

The property is the first “LEED-Gold certified asset” in San Diego and is one of the newest and only major developments built in the immediate college area in the past 20 years.

Community amenities include a resort-style pool, fitness center, on-site bicycle storage and shuttle service to and from SDSU. The 99 percent leased property is situated on nearly seven acres at 4249 and 4949 Collwood Boulevard less than one mile from campus.

The HFF team representing the borrower was led by managing director Matthew Schoenfeldt (middle left photo) and associate directors Zach Koucos (lower right photo) and Zack Holderman (lower left photo)

“Demand for off campus housing is about 15,000 units more than what the local area is currently providing, thus positioning Sterling Collwood for long-term success,” said Koucos.

AIG Global Real Estate Investment Corp. is a wholly owned subsidiary of AIG, Inc

Contacts:

MATTHEW SCHOENFELDT ZACHARY KOUCOS

HFF Managing Director HFF Associate Director

(312) 528-3650 (858) 812-2351

mschoenfeldt@hfflp.com zkoucos@hfflp.com

KRISTEN MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com

Industry veteran Martin McDermott joins Avison Young in Los Angeles

2012-01-24T09:02:00.000-08:00

LOS ANGELES, Jan. 24, 2012 /PRNewswire/ - Neil Resnick (lower left photo), Avison Young Principal and Managing Director of the company's West Los Angeles office, announced today that commercial real estate broker Martin McDermott (top right photo) has joined Avison Young'sbrokerage operations in Los Angeles.

Effective immediately, McDermott joins Avison Young as a Principal. Based in the company's West Los Angeles office, he will continue to focus on office and retail property transactions while also helping to further Avison Young's expansion in Los Angeles and Southern California.

"The addition of Martin McDermott to the West Los Angeles office of Avison Young adds a great new dimension and depth to our broker ranks. His background in identifying creative opportunities for his users is uncanny and has allowed him to gain a reputation of being an innovative problem-solver," comments Resnick.

McDermott brings diverse professional experience to his new role. Prior to joining Avison Young, he served as Vice-President of Transaction Services at Grubb & Ellis Company for nine years. In 2009 and 2011, he was ranked number one in sales in Grubb & Ellis' West Los Angeles office, and also gained a top-10 standing in 2007 and 2008.

Contact: Sherry Quan, National Director of Communications & Media Relations, Avison Young: (604) 647-5098; cell: (604) 726-0959

Web Site: http://www.specialneedsgroup.com