commercial real estate: Grubb & Ellis|Commercial Florida Reports 20 New Assignments worth More than $50 Million to Sell, Lease Distressed Properties - 06/03/09 10:14 AM
ORLANDO, Fla. --- Grubb & Ellis|Commercial Florida’s Distressed Property Services (DPS) Group, reports a big increase in new assignments to sell or lease distressed or receivership properties.Jeffrey S. Sweeney, president of Grubb & Ellis|Commercial Florida in Tampa, Orlando and Melbourne, said the firm’s Distressed Property Services Group started the year with four assignments.“We have accepted 20 additional assignments since Jan. 1 with total assets valued at more than $50 million,” Sweeney said.To keep up with demand, Grubb & Ellis|Commercial Florida has added a new division specializing in Tax Assessment Consulting Services.Sweeney said he has appointed Donald Lombardi to head the Tax … (0 comments)

commercial real estate: Commercial Florida Management Reports nearly Tenfold Increase in Property Management Assignments - 06/02/09 08:21 AM
ORLANDO, Fla. --- Commercial Florida Management reports it has seen its property management assignments increase nearly tenfold.Robert Horton, vice president and senior property management director at Commercial Florida Management, said the firm’s property management portfolio has increased from 500,000 square feet to just under five million square feet since Jan. 1, and now ranks as the third largest commercial property manager in the Central Florida region.“We have focused on serving distressed properties and the reduction of operating expense, which has been very attractive for our clients,” Horton saidHorton also said the firm manages office, industrial and retail properties in the Orlando, … (0 comments)

commercial real estate: NAI Realvest Negotiates New Long-Term Lease for 4,000 Square Feet of Industrial Space in Orlando - 06/02/09 07:47 AM
MAITLAND, Fla. – NAI Realvest recently negotiated a new five-year lease agreement for 4,000 square feet of industrial space at 4100 Silver Star Rd. in Orlando.Michael Heidrich, principal at the firm, negotiated the agreement representing the landlord, LC Properties, LLC of Apopka.   The Learning Connection Company, a New York, NY-based firm, leased suite D at the facility and was represented in the transaction by Dan Snow of Atkins Realty Group.  For more information, please contact:Michael Heidrich, Principal NAI Realvest 407-875-9989 mheidrich@realvest.com    Patrick Mahoney, Principal/Chief Operating Officer, NAI Realvest, 407-875-9989; Beth Payan or Larry Vershel, LV Communications, 407-644-4142 (fax: 4410)About NAI RealvestNAI … (0 comments)

commercial real estate: Mercantile Capital Corporation Reports 66 Percent Jump in Commercial Property Loans - 06/01/09 10:48 AM
ALTAMONTE SPRINGS, Fla. --- Mercantile Capital Corporation in Altamonte Springs reports it is seeing a big increase in commercial property loans.The firm, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed on loans that total more than $10 million in May, up more than 66 percent over the same period last year.Geof Longstaff, co-founder and chairman of Mercantile Capital Corporation, said May lending activity included $3.3 million to acquire and renovate a marina in Golden Meadow, La., and two loans that totaled $7 million … (0 comments)

commercial real estate: Cuhaci & Peterson Architects Awarded Contract to Design New 12 Story Addition to Ramada Inn on International Drive in Southwest Orlando - 05/28/09 02:06 PM
ORLANDO, Fla. --- Cuhaci & Peterson Architects, LLC, based in Orlando’s Baldwin Park, was recently awarded a contract to design a new 12 story, 130-room addition to the Ramada Inn hotel on International Drive in Orlando’s tourism corridor.Jed Downs, president of the architectural firm, said Miami-based JNS Management is developing the 110,000 square foot facility.For more information, contact:Lonnie Peterson, Chairman Cuhaci & Peterson Architects, LLC, 407-661-9100Jed Downs, President Cuhaci & Peterson Architects, LLC, 407-661-9100Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142
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commercial real estate: Bouchelle Island Construction of 60 New Luxury Condominiums by DiMucci Companies to get underway by fall - 05/28/09 02:00 PM
NEW SMYRNA BEACH, Fla. --- The DiMucci Companies will start construction of 60 condominiums in the fall at Bouchelle Island, the luxury condominium community DiMucci is developing in New Smyrna Beach off SR 44 (South Causeway) overlooking the Intracoastal Waterway.Tony DiMucci, president of The DiMucci Companies, said the two and three-bedroom condominiums will range in size from 1,600 square feet of living space to 2,300 square feet.Luxury condominiums at Bouchelle Island are priced from the $180s to more than $300,000.For more information, contact:Corinne LeClaire, Broker DiMucci Realty Company 386-322-2000Larry Vershel Communications, Larry Vershel or Beth Payan 407-644-4142
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commercial real estate: Emerson International Negotiates New Lease Agreements that total More Than 8,800 Square Feet of Office Space in Altamonte Springs, Longwood and Winter Park - 05/28/09 01:54 PM
ALTAMONTE SPRINGS, Fla. --- Emerson International recently negotiated six new lease agreements that total more than 8,800 square feet of office space in Altamonte Springs, Longwood and Winter Park.Sean Westcott, director of leasing at Emerson International, negotiated all six lease agreements.Westcott negotiated three new lease agreements in the CenterPointe office park on CenterPointe Circle off E. Central Parkway in Altamonte Springs representing the landlord, Emerson International.    The new tenants are  * The Central and North Florida Chapter of the Alzheimer’s Association who leased 1,516 square feet and was represented Morrison Commercial Real Estate in the transaction;*The Juvenile Diabetes Research Foundation International, … (0 comments)

commercial real estate: NAI Realvest Negotiates two new lease agreements at Winter Garden Business Park - 05/26/09 08:26 AM
ORLANDO, Fla. -- NAI Realvest recently completed two new lease agreements totaling 4,180 square feet in the Winter Garden Business Park.Robert Blackwell, SIOR principal at the firm, associates Sean DuPree, CCIM and Jim Murr negotiated the transactions representing the landlord, Winter Garden Business Park, LLC c/o Leasco Management Co. based in Winter Garden.A Plus Recording & Video Studios, LLC leased 2,500 square feet of industrial space at 1226 Winter Garden Vineland Rd., suite 104 in the business center. The local company was represented in the transaction by Luciana Azevedo of Five Star Realty Group.  Icings Cupcakes LLC, a local bakery, leased … (0 comments)

commercial real estate: NAI Realvest completes new long-term office lease agreement for Sarasota physicians group at Alafaya Commons in East Orlando - 05/20/09 11:00 AM
ORLANDO, Fla. – NAI Realvest recently negotiated a new long-term office lease agreement for 2,085 square feet at Alafaya Commons located at the corner of North Alafaya Trail and E. Colonial Drive in southeast Orlando.Paul P. Partyka, managing partner at NAI Realvest, brokered the transaction representing the new tenant, Healthcare Management Enterprises, a Sarasota based physicians group.    “This is the third Central Florida location for Healthcare Management Enterprises and two more are planned,” Partyka said. The landlord is Equity One, Inc.  For more information contact:Paul P. Partyka, Managing Partner, NAI Realvest 407-875-9989 ppartyka@realvest.com;    Beth Payan or Larry Vershel, Larry Vershel Communications, … (0 comments)

commercial real estate: NAI Realvest Negotiates New Long Term Office Lease in Fernandina Beach - 05/20/09 10:52 AM
FERNANDINA BEACH, Fla. --- NAI Realvest recently negotiated a new long-term lease agreement for 1,009 square feet of office space at 1880 S. 14th St. in the Amelia Park Town Center in Fernandina Beach.  Tom Hankins, CCIM, SIOR, principal and broker at NAI Realvest in Orlando, brokered the transaction representing the new tenant, Tomlinson Insurance Group, based in Altamonte Springs.     The landlord is Amelia Park Town Center, LLC of Fernandina Beach.For more information, contact:Tom Hankins, CCIM, SIOR, Principal/Broker NAI Realvest, 407-875-9989, thankins@realvest.com;  Patrick Mahoney, Chief Operating Officer, NAI Realvest, 407-875-9989, pmahoney@realvest.com;Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142  About NAI … (0 comments)

commercial real estate: CORE Construction Florida Starts Construction of DeSoto Palms Senior Housing Facility in Sarasota - 05/20/09 09:38 AM
SARASOTA, Fla. --- CORE Construction Florida, which ranks as one of the state’s most active builders of senior housing facilities, recently started construction of DeSoto Palms assisted living facility on DeSoto Rd. in Sarasota.John Wiseman, president of CORE Construction Florida, said an investment group headed by doctors at Intracoastal Medical Group in Sarasota funded construction of the project.The 84-unit facility will cost an estimated $13 million to build.DeSoto Palms senior housing facility is expected to open in February of 2010, Wiseman added.For more information contactJohn P. Wiseman, President CORE Construction,  6320 Tower Lane, Sarasota, FL 34240Larry Vershel or Beth Payan, Larry … (0 comments)

commercial real estate: Paul P. Partyka, NAI Realvest Executive to Speak at Winter Park Rotary June 1 on Dubai - 05/19/09 06:36 AM
MAITLAND, Fla. – NAI Realvest Managing Partner Paul P. Partyka will speak to the Winter Park Rotary Club June 1 on “opportunities in Dubai” for Winter Park business leaders.The luncheon will be held 12:00 noon at the Civic Center in Winter Park.Partyka recently returned from a trip to Dubai where he represented the University of Central Florida Medical School as well as other business interests.For more information, contact:Paul P. Partyka, Managing Partner, NAI Realvest, 407-875-9989 ppartyka@realvest.com; Beth Payan or Larry Vershel, Larry Vershel Communications 407-644-4142About NAI Realvest:NAI Realvest, covering all of central Florida, is a fully integrated commercial real estate operating … (0 comments)

commercial real estate: NAI Realvest Managing Partner Shopping Residential, Commercial Properties with Dubai Investors - 05/19/09 04:07 AM
ORLANDO, Fla. --- NAI Realvest managing partner Paul Partyka announced he made inroads with international real estate investors when he visited Dubai in the United Arab Emirates earlier this year. Now Partyka is accompanying those same investors on a shopping tour of Central Florida.“We are finalizing plans to make a bulk acquisition of residential home sites and homes,” Partyka said. He could not disclose locations, but said sites in Seminole, Orange, Volusia and Osceola Counties are under consideration.The investors aren’t new to the area, Partyka said. “We are also planning major improvements to commercial properties they own here,” Partyka added. Altogether, … (0 comments)

commercial real estate: NAI Realvest Negotiates Sublease for 2,403 square feet in Downtown Orlando’s Evans Group Building - 05/15/09 08:46 AM
ORLANDO, Fla. --- NAI Realvest recently negotiated a long-term sublease agreement for 2,403 square feet of office space at 1001 N. Orange Ave. Tom Hankins, CCIM, SIOR, principal and broker at NAI Realvest in Orlando, negotiated the transaction representing the sublessor, The Evans Group, who occupies the majority of the 33,819 square foot building at the intersection of S. Orange and Garland Aves. The sublessee is Dalton Agency, a Jacksonville-based advertising firm.For more information, contact:Tom Hankins, CCIM, SIOR, Principal/Broker NAI Realvest, 407-875-9989, thankins@realvest.com;  Patrick Mahoney, Chief Operating Officer, NAI Realvest, 407-875-9989, pmahoney@realvest.com;Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142  About … (0 comments)

commercial real estate: NAI Realvest negotiates long term sublease of 4,400 square feet at Hanging Moss CommerCenter in Orlando - 05/14/09 07:10 AM
ORLANDO, Fla. – NAI Realvest recently negotiated a long-term sublease for 4,400 square feet of industrial space at 6112 Hanging Moss Rd. in the Hanging Moss CommerCenter in east Orlando.  Michael Heidrich, a principal at NAI Realvest negotiated the transaction representing the sublessor, Associated Marketing Partners, Inc. of Orlando.The sublessee is Winter Park-based S & C Auto Wholesale, Inc.For more information, contact, Michael Heidrich, Principal, NAI Realvest, 407-875-9989 mheidrich@realvest.comPatrick Mahoney, Chief Operating Officer NAI Realvest 407-875-9989 pmahoney@realvest.com;Beth Payan, Larry Vershel Communications, 407-644-4142    (fax: 4410)About NAI RealvestNAI Realvest in Orlando, covering all of Central Florida, is a fully integrated commercial real estate … (0 comments)

commercial real estate: Stirling Sotheby’s International Realty Named Exclusive Broker of MetroWest Office Condominium Priced at $300,000 Below Market - 05/13/09 10:59 AM
ORLANDO, Fla. --- Stirling Sotheby’s International Realty was recently appointed exclusive broker for a choice MetroWest luxury office condominium that is priced at just $899,900 which is $300,000 below market value.Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said associate KC Ye is the principal contact for the office condominium, located at 6150 MetroWest Blvd.“The facility is a corner office suite with excellent visibility and a beautiful view of the adjoining pond,” Soderstrom said. “It would be a perfect setting for a medical office or an attorneys group,” he explained. The 3,447-square foot office condominium sold for $1.2 million … (0 comments)

commercial real estate: Florida Citrus Sports Names NAI Realvest Principal Tom Hankins Committee Chairman of the Year - 05/13/09 07:39 AM
ORLANDO, Fla. --- NAI Realvest principal Thomas E. Hankins, CCIM, SIOR, was recently named committee Chairman of the Year by Florida Citrus Sports, Inc., for the 2008-2009 season.   Hankins served as chairman of the Membership Sales Committee.NAI Realvest Chairman Emeritus George Livingston said Hankins, who joined NAI Realvest last January has more than 25 years of experience in commercial brokerage, consulting, development and asset management, including service as senior broker with Realty Capital and general manager for one of Central Florida’s largest private land holdings. Hankins specializes in regional, institutional, and investment grade office, industrial and retail properties.“I thoroughly enjoyed serving … (0 comments)

commercial real estate: NAI Realvest Negotiates Downtown Office Building Sale to Development Company - 05/13/09 06:41 AM
ORLANDO, Fla. -- NAI Realvest recently negotiated a $160,000 sale price for a 2,500 square foot office building at 3021 E. Washington St. in downtown Orlando.Michael Heidrich, principal at NAI Realvest, negotiated the transaction representing the seller, Hayes Property Group, LLC. of Orlando.  Orlando-based Timoneer Development Group purchased the property and was represented in the transaction by John Pocock of Coldwell Banker.  For more information, contact:Michael Heidrich, Principal, NAI Realvest 407-875-9989 mheidrich@realvest.comPatrick  Mahoney, Chief Operating Officer, NAI Realvest 407-875-9989 pmahoney@realvest.com; Beth Payan, Larry Vershel Communications, 407-644-4142 lvershelco@aol.com. About NAI Realvest  NAI Realvest in Orlando, serving all of Central Florida, is a … (0 comments)

commercial real estate: NAI Realvest Negotiates Sale of Captain D’s Restaurant Facility in Sebring - 05/12/09 05:04 AM
ORLANDO, Fla. – NAI Realvest recently negotiated the $915,000 sale of a 2,210 square foot corporate net leased Captain D’s restaurant facility on a 0.65-acre site at 3400 Highway 27 South in Sebring to a California investment trust.Mez Birdie, CCIM, director of retail and investment services at the firm, brokered the transaction on behalf of Sebring-based Brothers Two Developers and the buyer Haupt Family Trust of East Palo Alto, Calif.Birdie provides various real estate services including sale-leaseback, leasing, brokerage, and surplus site selection to Sagittarius Brands, the parent company for Captain D’s and Del Taco restaurants.For more information, contact:Mez Birdie, CCIM, … (0 comments)

commercial real estate: NAI Realvest Named Exclusive Broker for D.R. Horton Commercial Tracts in Winter Garden, Kissimmee, St. Cloud - 05/12/09 04:40 AM
ORLANDO, Fla. --- NAI Realvest has been named exclusive broker to sell commercial tracts adjacent to three residential developments in Winter Garden, Kissimmee and St. Cloud.Paul P. Partyka, managing partner of NAI Realvest, is the principal broker for the development sites which include:•    two parcels that total 14.65 acres on W. Colonial Drive in Winter Garden at the entrance to Tucker Oaks, a community of single-family homes. Both parcels – 9.49 acres on the west and 4.71 acres on the east side of the entrance – are zoned for commercial with projected retail and office development, priced at $4.24 million for … (0 comments)

 

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