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CFO Jeff Atwater Appoints Chris Gardner as New Chairman of Citizens Board of Governors
TALLHASSEE - August 12, 2013 - (RealEstateRama) -- Florida Chief Financial Officer Jeff Atwater today announced the appointment of Chris Gardner as Chairman of the Board of Governors for Citizens Property Insurance Corporation. Gardner, a resident of Winter Park, has 20 years of experience in the retail insurance brokerage business with a specific focus in Commercial Property and Casualty Insurance. He has served as a member of the Citizens board since his appointment in July 2011.
Square Mile Capital/USAA Real Estate Loan Platform Aims for $1 Billion in Origination
WASHINGTON, D.C. - July 29, 2013 - (RealEstateRama) -- Square Mile Capital Management LLC (“Square Mile”) and USAA Real Estate Company today announced the launch of a commercial real estate investment platform that will specialize in the origination and acquisition of high-quality secured real estate debt. The sponsors, which have already begun deploying the $300 million of capital that Square Mile and USAA Real Estate have committed to the platform, expect to invest as much as $1 billion in the U.S. by the end of 2014
Stiles Realty Closes $4.5 Million Sale of 25,000-SF Former West Marine in Fort Lauderdale
Fort Lauderdale, FL - July 18, 2013 - (RealEstateRama) -- Signaling strong market demand for quality retail properties, Stiles Realty announced today the sale of the former 25,000-square-foot West Marine (Nasdaq:WMAR) in Fort Lauderdale for $4.5 million or $180 PSF. The price per square foot is nearly 25 percent over the Broward retail market average price per square foot for retail properties over 10,000 square feet sold in 2013
Real Estate Appraisers Optimistic About Future: Appraisal Institute Survey
CHICAGO, IL - July 17, 2013 - (RealEstateRama) -- More than three-fourths of U.S. real estate appraisers are very or somewhat positive about the demand for their services over the next one to two years, according to an Appraisal Institute survey released today.
CBRE SELECTED AS EXCLUSIVE LEASING AGENT FOR LANDMARK OFFICE COMPLEX IN CORAL GABLES
Miami, FL - July 9, 2013 - (RealEstateRama) -- CBRE has been appointed by USAA Real Estate Company (“Realco”), one of the largest owners of Class A office space in Coral Gables, as the exclusive leasing agent for “The Alhambra,” a landmark, Mediterranean-style office complex located at the eastern gateway to Coral Gables in Miami, Florida. CBRE’s Maggie Kurtz, Senior Vice President, and Diana Parker, Senior Vice President, are the leasing agents.
NAR Survey of Generational Trends Shows Younger Buyers More Optimistic
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.
CBRE ARRANGES $23.75 MILLION LOAN FOR DALLAS OFFICE TOWER
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.
Sale-Leaseback Offers Buying Opportunity at Higher Yield
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
Foreign Home Buyers Continue to Identify U.S. as Profitable Investment, Realtors® Report
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
SPERRY VAN NESS – MILLER COMMERCIAL REAL ESTATE EXPANDS STAFF
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.
Federal and Industry Partners Issue Challenge to Manufacturers
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.
Commercial Real Estate Fundamentals Improving, Lending Tight for Small Business
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 Business Journal Recognizes Nixon Peabody Clients as Real Estate Deals of the Year...
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
WESLEY COX, CCIM HELPS PROPERTY OWNER OUT OF BANKRUPTCY
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
Realtor® Confidence in Commercial Market Growing
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.
AVALON PLAZA IN SALISBURY, MD SOLD VIA ONLINE AUCTION
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
The Boulder Group Arranges the Sale of an $2.3 Million Single Tenant Net Leased...
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.
CBRE SELLS 46,058 SQUARE FOOT MULTI-TENANT SHOPPING CENTER
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.
CBRE ARRANGES LEASE AT CORPORATE CENTER AT THE GARDENS
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
Statement From NAR President Gary Thomas on Melvin Watt’s Nomination to Head FHFA
WASHINGTON, DC - May 2, 2013 - (RealEstateRama) -- The following is a statement by National Association of Realtors® President Gary Thomas