Commercial

Commercial and multifamily mortgage bankers closed $399.8 billion of loans in 2014, according to the Mortgage Bankers Association's (MBA) 2014 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation

Sperry Van Ness – Miller Commercial Real Estate sponsored the Real Estate Beautification Award at the Salisbury Area Chamber of Commerce Annual Awards Banquet on March 12, 2015. The awards banquet, which was held at Green Hill Country Club in Quantico, MD, recognizes outstanding chamber members and organizations and was emceed by SVN-Miller Senior Advisor John McClellan.

Stiles, a Fort Lauderdale-based full service real estate development firm established in 1951, announced today important developments in the company’s leadership succession plan. The succession of two key roles, CEO and president, will occur within the next 24 months

CBRE Capital Markets’ Debt & Structured Finance team originated $63.56 million in financing for the acquisition of a 195,624-square-foot office building at 2025 M Street in the heart of Washington, D.C. RAIT Financial Trust of Philadelphia, Pennsylvania, provided the 10-year loan at an aggressive rate with three years interest only

The Building Owners and Managers Association (BOMA) International is encouraging the commercial real estate industry to participate in the World Wildlife Fund’s (WWF) Earth Hour 2015. To take part in the annual initiative, WWF asks individuals, businesses, organizations and governments around the world to turn off all non-essential lighting for one hour at 8:30pm local time on Saturday, March 28, 2015. The aim of Earth Hour is to visibly demonstrate a dedication to creating a sustainable future for the planet, and it provides commercial building owners and managers a prime opportunity to showcase their commitment to energy conservation

Bradley Gillis, CCIM, Senior Advisor with Sperry Van Ness – Miller Commercial Real Estate facilitated the deal for Rise Up Coffee Roasters to purchase the Viva Espresso located at 105A East College Avenue in Salisbury, MD. Viva Espresso owners Chuck and Nancy Dix are retiring but stated, “We thank all of our loyal customers, especially our daily patrons, for their support of us and our products

An idea that has the opportunity to bring greater efficiency and transparency to international real estate transactions is coming full circle, back to its roots in Washington, DC. The concept for the International Property Measurement Standards (IPMS) was envisioned in a set of meetings held in Washington, DC in 2013. For two years, a coalition of 61 professional and not-for-profit organizations has been working to create standard methodologies for measuring real estate

Register for a free webinar on "The Promise of E-commerce," a white paper recently published by the NAIOP Research Foundation. The paper examines how evolving delivery expectations are dictating the location and design of real estate facilities. Read a press release about the white paper.

Hines, the international real estate firm, announced today the sale of Azure, a 308-unit, Class A, garden-style multi-housing property to Passco Real Estate Enterprises, Inc. of California. A turnkey project for Hines, capital raise, development, lease-up and sale were completed by the firm a year and a half ahead of schedule. Financials on the deal were not disclosed. HFF marketed the property on behalf of Hines

Bellwether Enterprise Real Estate Capital LLC (Bellwether Enterprise), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (Enterprise), today announced that it has expanded its affordable housing business by establishing a group dedicated to providing flexible financing resources to affordable, multifamily clients across the United States. With 18 Bellwether Enterprise offices located throughout the country, the Affordable Housing Group will leverage the firm’s existing, nationwide lending platform.

Brent Miller, CCIM, CPM, Managing Director and Senior Advisor with Sperry Van Ness – Miller Commercial Real Estate in Salisbury, MD is pleased to announce that Michael Procino has joined the SVN-Miller team as an Advisor.
Procino will be working out of the satellite Seaford, DE office with SVN-Miller Senior Advisor Tom Knopp

The Mortgage Bankers Association (MBA) today released its annual ranking of commercial/multifamily mortgage firms by origination volume. The MBA study is the only one of its kind to present a comprehensive set of listings of 127 different commercial/multifamily mortgage originators, their 2014 volumes and the different roles they play.

 Mortgage applications decreased 3.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 13, 2015.

CBRE arranged the sale of a 42,277-square-foot Class A office property located at 7208 W. Sand Lake Road, Orlando, FL. Cardinal Point Management, LLC acquired the three-story Sand Lake Southwest building from an affiliate of Highwoods Properties for an undisclosed amount. CBRE represented the seller

CBRE Capital Markets’ Debt & Structured Finance originated $71.57 million in financing for an office property portfolio encompassing 330,438 square feet at two of the most recognizable buildings in Boca Raton, Florida. The Boca Glades Portfolio includes two Class A institutional-quality office buildings: The Plaza, located at 5355 Town Center Road, and One Town Center, located at 1 Town Center Road.

CBRE has been exclusively engaged by Ivy Realty Services to lease and market a Class A office building in the prestigious Royal Palm Way corridor of Palm Beach, Florida. With 25,000 square feet, 250 Royal Palm Way resides along the island’s “Banker’s Row,” which is home to some of the world’s most renowned names in banking, financial advisory and professional services.

Mesa West Capital’s New York office has originated a $71.6 million first mortgage loan to a joint venture headed by Crocker Partners for the acquisition, renovation and stabilization of two Class A office buildings in Boca Raton, FL.. Local real estate firm Crocker Partners and New York-based equity partner Siguler Guff & Company LP acquired the 200,000-square-foot One Town Center and the adjacent 139,000-square-foot The Plaza from Met Life Real Estate Investors in an all cash transaction late last year.

CBRE arranged the sale of Concept 2 Towers, two six-story medical office towers encompassing 101,136 square feet at 2290 and 2328 10th Avenue North in Lake Worth, Florida. Concept 2 Towers was acquired by KAS Datura LLC for $8.6 million. CBRE represented the seller, CD Parking, Inc

CBRE arranged the sale of a 10.35-acre development opportunity at the northwest corner of Sunrise Blvd. and US 441/SR 7 in Lauderhill, Florida, across from the newly developed Lauderhill Performing Arts Center & Library and the Central Broward Regional Park. The Amera 441 parcel was acquired for $2.5 million from Eagle FL I SPE, LLC by Cricket Club Lauderhill, LLC, whose principals are Alan Benenson and Michael Sher. The purchaser has plans to redevelop the infill asset into a 160-unit townhome community

CBRE arranged the sale of a 706,560-square-foot distribution building located at 19925 Independence Boulevard in Groveland, FL. Louisville, Colorado-based Real Capital Solutions acquired the building from Magnolia Partners LTD. CBRE represented the seller in the transaction.