Commercial

WASHINGTON, DC - July 9, 2013 - (RealEstateRama) -- Millennials are more confident than any other age group that their recent home purchase was a good financial investment, according to a new study released today. The inaugural 2013 National Association of Realtors® Home Buyer and Seller Generational Trends evaluated the generational differences of recent home buyers and sellers and found that while eight out of 10 recent buyers considered their home purchase a good financial investment, the number was even higher, 85 percent, for younger buyers under the age of 32.

Miami, FL - July 9, 2013 - (RealEstateRama) -- CBRE’s Debt & Equity Financing Group has secured a loan of $23.75 million for the acquisition of 7557 Rambler – a 310,771-square-foot, 14-story office tower at 7557 Rambler Road in Dallas, Texas. The borrower was Parmenter Realty Partners, based in Miami. NXT Capital out of Kennesaw, Georgia provided the three-year, floating rate loan, which was made at a 70% loan to cost ratio.

Reston, VA - July 3, 2013 - (RealEstateRama) -- Calkain Companies, a national real estate investment brokerage firm, recently facilitated the sale-leaseback of child care center in the Richmond, VA market. The property, located at 8210 Walmsley Boulevard in Midlothian, VA had recently been acquired by Childcare Network to relocate an existing facility. The tenant had displayed a strong enrollment history, and a clear commitment to the new location by offering a long-term landlord friendly lease. Under terms of an exclusive buyer-broker agreement, Calkain was able to identify the sale-leaseback opportunity, which offered a long-term, corporately guaranteed lease at a higher yield in a the current compressed cap rate environment

WASHINGTON, D.C. - June 25, 2013 - (RealEstateRama) -- International home sales in the U.S. declined in the past year, but are at their second highest level in recent years and are over six percent of total existing-home sales in value. According to the National Association of Realtors

SALISBURY, MD - June 17, 2013 - (RealEstateRama) -- Amy Miller, CPM, Managing Director of Sperry Van Ness – Miller Commercial Real Estate is pleased to announce a promotion and a new hire within the company. Nicole Abresch has been promoted to Director of Marketing. She previously was the Administrative and Marketing Assistant from August 2010 to April 2013. Prior to joining the company in 2010 she graduated from Salisbury University with a Bachelor of Fine Arts degree. Her job responsibilities include marketing, advertising, event planning and public relations, in addition to serving as the in-house graphic designer.

WASHINGTON, D.C. - June 7, 2013 - (RealEstateRama) -- A coalition that includes the U.S. federal government and over 200 major commercial building sector partners has issued a simple challenge to U.S. manufacturers: if you can build wireless sub-meters that cost less than $100 apiece and enable us to identify opportunities to save money by saving energy, we will buy them. A group of at least 18 manufacturers has already agreed to take up the challenge, pledging to produce devices that will meet the specifications outlined by the U.S. Department of Energy and its private sector partners that have signed letters of intent to purchase the wireless sub-meters.

WASHINGTON, DC - May 28, 2013 - (RealEstateRama) -- With vacancy rates modestly falling and rents moderately rising in commercial real estate sectors, market fundamentals have improved, but financing remains a challenge for small business, according to the National Association of Realtors

Boston, MA - May 24, 2013 - (RealEstateRama) -- Nixon Peabody LLP is honored to announce that two firm clients, the Boston Tea Party Ships & Museum and Hostelling International, were among the commercial real estate industry projects recognized by the Boston Business Journal in its inaugural Best In Boston Real Estate Awards. Both projects were named award finalists along with other movers and shakers in the Greater Boston's real estate industry from major developers and brokers to dealmakers and builders recognized by the BBJ

CAMBRIDGE, MD - May 21, 2013 - (RealEstateRama) -- Wesley Cox, CCIM, Senior Advisor with Sperry Van Ness – Miller Commercial Real Estate in Salisbury, MD recently sold several assets of America, Ltd, a warehousing and real estate holding company. Wesley Cox worked in collaboration with the Law Office of Lori Simpson, LLC, the Trustee appointed by the Bankruptcy Court to sell the assets in conjunction with the plan put forth by the Bankruptcy Court

WASHINGTON, D.C. - May 17, 2013 - (RealEstateRama) -- Realtors® who specialize in commercial real estate expressed optimism and confidence in the market during a forum at the Realtors® Midyear Legislative Meetings & Trade Expo. Despite a slow turning economy, commercial practitioners believe the market is not only better off than it was a year ago, but also will continue to improve.

SALISBURY, MD - May 13, 2013 - (RealEstateRama) -- Brent Miller, CCIM, CPM, Managing Director of Sperry Van Ness – Miller Commercial Real Estate is pleased to announce that Avalon Plaza in Salisbury, MD recently sold at auction. Merrill Cohen, the Trustee for Avalon Plaza, appointed Louis B. Fisher, III, National Director and David Gilmore, Managing Director, both SVN Auction Team Advisors, as marketing agents/auctioneers, and Brent Miller, CCIM, CPM as the local headquarter broker. SVN-Miller also served as the court appointed property manager

Northbrook, IL - May 8, 2013 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm specializing in single tenant assets, has completed the sale of a net leased Home Depot office building located at 2951 Kinwest Parkway, Irving, Texas for $2,230,000.

Fort Lauderdale, FL - May 7, 2013 - (RealEstateRama) -- CBRE arranged the sale of Charles Plaza, a 46,058 square foot unanchored multi-tenant retail center. The buyer, S17TPA Corp. and ABC Development, Inc., purchased the property for $5,625,000 from MCCS-1, LLC, a Florida-based private investor who hired CBRE to market the asset for sale and negotiate the transaction.

Palm Beach Gardens, FL - May 7, 2013 - (RealEstateRama) -- CBRE arranged a lease of 7,000 square feet at a 96,000 square-foot Class A office building at Corporate Center at the Gardens in Palm Beach Gardens, Florida. The office space at 4200 Northcorp Parkway, owned by an affiliate of Lexington Realty Trust, a New York City-based real estate investment trust, will serve as a new world headquarters for eXfuze

WASHINGTON, DC - May 2, 2013 - (RealEstateRama) -- The following is a statement by National Association of Realtors® President Gary Thomas

WASHINGTON, D.C. - April 17, 2013 - (RealEstateRama) -- Commercial and multifamily mortgage bankers closed $244.2 billion of loans in 2012 according to the Mortgage Bankers Association’s (MBA) 2012 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.

Torrance, CA - April 3, 2013 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a sale of the 41,000-square-foot industrial building located at 1332 S. Lone Hill Avenue in Glendora, Calif. The property sold for $4.23 million

WASHINGTON, D.C. - April 1, 2013 - (RealEstateRama) -- The Department of Energy’s Building Technologies Office (BTO) today announced a funding opportunity for $3 million to fund up to three awards to develop an open source software solution for building automation systems (BASs) for small (5,000 square feet ) to medium-sized (between 5,000 square feet and 50,000 square feet) commercial buildings.

Fort Lauderdale, FL. and Nashville, TN - March 11, 2013 - (RealEstateRama) -- Full-service Fort Lauderdale, FL-based commercial real estate firm Stiles and Nashville, TN-developer Ray Hensler announced today they have partnered on an $80 million, 23-story, high-rise luxury apartment building in Nashville’s burgeoning Gulch district. The Gulch is a 22-block redevelopment district located on the west edge of downtown that’s benefited from a spike in urban development and an influx of trendy restaurants, retail and boutique shopping. The Gulch was recognized as the first LEED Silver Status Neighborhood Development in the southeastern United States, and only the 4th in the world.

MARCH 2013, SALISBURY, MD - March 7, 2013 - (RealEstateRama) -- John McClellan, CCIM, a Senior Advisor with Sperry Van Ness-Miller Commercial Real Estate in Salisbury, MD is pleased to represent locally-based Bay Steel in expanding into a new location. Bay Steel will occupy 9,800 sq ft located at 707 Brown St, just off Route 13 Business in Salisbury, MD