Sunday, October 31, 2010

Acclaimed Chef Jereme Leung Named Consultant to W Taipei’s Restaurant,


TAIPEI, Taiwan  – W Taipei is proud to announce that creative powerhouse Chef Jereme Leung (top right photo)  has been named consulting chef to Yen, W Taipei’s signature on-site restaurant (lower left rendering). 

Chef Leung will bring his innovative style of cooking and unique approach to contemporary Chinese cuisine to the W brand’s first Chinese restaurant in the world.

  Yen will feature Cantonese and Taiwanese cuisine reflective of Leung's vision of introducing revolutionary ways to approach Chinese cooking while preserving its core traditions.

 An expert in all four schools of Chinese cooking -- dim sum, barbecue, wok cooking and knife work – Leung has honed his craft at some of Southeast Asia’s most renowned hotels.

 Leung also was the founding chef and creator of the Whampoa Club, a celebrated success of which spawned two stunning restaurants in Shanghai and Beijing. 

In January 2010, working with international fashion brand Shanghai Tang, he developed the world’s first Shanghai Tang Café concept.

 Leung is also the author of two internationally acclaimed cookbooks, (New Shanghai Cuisine:  Bridging the Old and the New) and (New Beijing Cuisine:  A New Look at Classic Dishes).

A multi-faceted understanding of the different Chinese kitchens in the region has allowed Leung to create a contemporary, improvisatory culinary style that is nonetheless firmly rooted in traditional craftsmanship and that remains sensitive to culinary history.

 Yen is located on W Taipei’s 31st floor, offering a stylish bar for sipping and flirting plus delicate dim sum, sensational seafood, signature soups, and tantalizing desserts.

 Five private dining rooms are available for more intimate affairs.  Yen features six-meter, floor-to-ceiling windows providing dramatic views of the Taipei 101 building, one of W Taipei’s spectacular panoramic vistas of its new home, the buzzing, central business district of Xinyi.

For reservations and more information, please visit www.whotels.com/taipei.

Contact:
Hwee Peng Yeo
Director of Asian Markets
Glodow Nead Communications – Asia
Level 21, Centennial Tower
3 Temasek Avenue
Singapore 039190
Tel : 65 9768.6087

 Glodow Nead Communications
1700 Montgomery Street, Suite 203
San Francisco, CA 94111
T: 1 415.394.6500
C : 1 650.892.4769 F: 415.403.9060
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Ambrose S. Aston Joins Grubb & Ellis Securities as Regional Vice President

                                        

SANTA ANA, CA– Grubb & Ellis Securities, Inc. announced that Ambrose S. Aston has joined the company as a regional vice president. 

 In his new role, Aston is responsible for raising equity in the states of Kentucky, Tennessee, Arkansas, Mississippi and Louisiana for the company’s two publicly registered non-traded real estate investment trusts, Grubb & Ellis Apartment REIT, Inc. and Grubb & Ellis Healthcare REIT II, Inc.

“Ambrose is a seasoned professional who has gained experience working with a variety of investment programs in the securities industry,” said Rich Arnitz (top right photo), president and chief executive officer of Grubb & Ellis Securities. 

 “He is a proven performer with well-established relationships with key advisors and broker-dealers throughout his network, and we are pleased to welcome him to the Grubb & Ellis family.” 

Aston joins the company from Hartman Securities Inc.

Contact:               Damon Elder

Phone:                 714.975.2659                                                     
Email:                    damon.elder@grubb-ellis.com

Jeffrey Hyman joins Grubb & Ellis as Senior Vice President, Senior Housing Practice Group in Chicago

CHICAGO, IL – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced that Jeffrey Hyman (top right photo) has joined the firm as senior vice president and a member of the company’s Senior Housing practice group.

In this role, Hyman will be responsible for representing owners and operators of senior housing facilities in the Chicago area and regionally, further enhancing Grubb & Ellis’ capabilities in this sector. 

 In August, the company hired Alan Ursillo (lower left photo) as executive managing director of the Senior Housing practice group, responsible for leading the expansion of the company’s capabilities and commitment to provide fully integrated real estate services platform for clients in the senior housing sector.

“Bringing Jeff on board significantly bolsters our efforts to establish senior housing expertise in key markets throughout the country,” said Ursillo. 


“With his background leading acquisition and development efforts for a number of high-profile senior and residential housing communities, Jeff has a keen awareness of what it takes for an investor and developer to succeed in this growing property segment.”

Most recently, Hyman was vice president of real estate acquisition for a privately held development firm, where he was responsible for all aspects of land acquisition including site selection, site planning and development for senior lifestyle communities. 

 Prior to assuming this role in 2006, Hyman was director of land acquisition and entitlement for five years at Burnside Construction and Management, where he directed operations related to the development of active adult development projects, among others.  Previously, he was vice president and managing director of Chicago Ocean Atlantic Companies, Chicago, which he joined in 1994.

“Being a part of Grubb & Ellis provides the opportunity to work with experts in a number of complementary disciplines, bringing tremendous resources and support to my clients and my business,” said Hyman.

 “In addition, Alan and his team represent one of the best – if not the best – senior housing teams in the country.  It was also extremely important to me that I work with people who share my passion for the senior housing sector and the people it serves, as the team at Grubb & Ellis does.”

Hyman is a member of the Real Estate Investment Association.  He received his bachelor’s degree from Northern Illinois University and is a licensed real estate broker in the state of Illinois.


Contact:         Erin Mays                                            
Phone:            312.698.6735                                       
Email:             erin.mays@grubb-ellis.com                

Cambridge Reports Loan Origination Requests Spiked Higher in September



 CHICAGO, IL--After trailing for much of the year, Cambridge Realty Capital Companies reports loan origination requests processed by the company spiked sharply higher in September, with 33 requests totaling $493.1 million.

This total compares with 25 origination requests totaling $321.5 million for the same month a year earlier, Cambridge Chairman Jeffrey A. Davis (top right photo)  said.

Through the first nine months of the year, Cambridge has processed 207 loans totaling $2.5 billion, compared with 231 loans totaling $3.3 billion a year earlier.

Davis points out that lenders close a relatively small percentage of loan requests received, but believes it’s useful to track this information as an indication of market direction.

In 2010, the total number of loans and dollar volume have been off dramatically as funding for more expensive new construction projects has been difficult to find in today’s tight credit market.

“It’s so hard to find capital for new projects that few of these deals are progressing to the point where they can be seriously considered and included in the tally.  So the number of origination requests and the dollar volume totals have been off as a result,” he said.

“The flip side of this is that requests for loans to refinance existing loans has been holding up nicely,” he added.

Contact:
Evan Washington
Phone: (312) 521-7604
Fax: (312) 357-1611

Pulte Homes debuts two new floorplans at Meadow Ridge in Ocoee, FL


ORLANDO, FL - Pulte Homes, the nation’s largest home builder, has introduced two new floorplans at Meadow Ridge (top left photo), the gated community located on Douglas Edward Drive off Jordan Rose Avenue and Maguire Road in Ocoee.

Sean Strickler, vice president of sales and marketing for Pulte Homes in Central Florida, said the new Manchester design offers three or four bedrooms and three baths in 2,163 square feet of living space with a two-car garage, a morning room and spacious lanai, priced from $269,990.

The two story Cordelia, with 3,563 square feet of living space, offers four bedrooms and three-and-a-half baths, over-sized loft, spacious lanai, a gourmet kitchen with dual pantries and a three-car garage.

Strickler said the Cordelia floorplan features a large island kitchen with a breakfast nook, granite countertops, GE stainless steel cooktop, double wall oven, built-in microwave, seven cycle dishwasher, maple cabinets with crown molding and ceramic tile throughout.  The Cordelia is priced from $387,990.

For more information, visit www.Pulte.com/orlando or call 407-656-1546.  The model sales center for Meadow Ridge is open from 10 a.m. to 6 p.m. Monday-Saturday and Noon to 6 Sunday.

Contact:  

Lyndsey Clarke, Marketing Manager, Pulte Homes, 407-661-2150 ext 1416 2301 Lucien Way, Suite 400, Maitland, FL 32751; lyndsey.clarke@pultegroup.com;
  
Sean C. Strickler, Vice President Sales & Marketing, Pulte Homes, 407-661-1461 sean.strickler@pultegroup.com;
    
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com;
 

Stirling Sotheby’s International Realty Forms Marketing Alliances with Major Builders at Bella Collina, FL


ORLANDO - Stirling Sotheby's International Realty has formed marketing alliances with Continental Homes & Interiors and R. L. Vogel Homes, two of the top luxury home builders at Bella Collina (top left photo), the luxury community located in Lake County north of S.R. 50 near Monteverde.

Roger Soderstrom, founder and owner of Stirling Sotheby's International Realty, said Stirling Sotheby's will market the builders’ new home design concepts that feature new leading-edge designs focused on energy conservation, lifestyle and today's consumer-centric home buyer. 

“New product designs will be priced in the $500,000 to $800,000 range, with luxury estate homes priced at $1-2 million or more,” Soderstrom said.

Stirling Sotheby's recently opened a Welcome and Marketing Center at Bella Collina to represent the builders. Six luxury home specialists are staffing the Welcome and Marketing Center seven days a week, Soderstrom said.

Stirling Sotheby's recently launched an outreach marketing program that targets buyers from the UK, Europe, Canada and South America, as well as domestic buyers throughout the United States.   Soderstrom said Stirling Sotheby’s will also focus on luxury home buyers in the Orlando area.

There will also be a major marketing campaign targeting Orlando home buyers. More than half of the Bella Collina sales inquiries Stirling Sotheby’s has fielded come from Central Florida buyers.


“Downtown Orlando (bottom right photo) is only 25 minutes from Bella Collina and the view of the downtown Orlando skyline from the Bella Collina Country Club is spectacular,” Soderstrom said.
 
For more information, contact:  
Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890;  
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142;  

Marcus & Millichap Sells 36-Unit Apartment Property in Valrico, FL for $2 Million


VALRICO, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Suburban Villas (top left photo), a 36-unit apartment property located in Valrico, Fla, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $2 million.

Casey Babb, CCIM (middle right photo), senior associate and multifamily specialist in the firm’s Tampa office, facilitated the sale on behalf of the seller, a Florida-based private investor and the buyer, a private investor from Connecticut. 

Babb explains, “Conventional, non-distressed real estate transactions like Suburban Villas are beginning to reemerge in the marketplace and the new perception for some of today’s investors is that if you are waiting for the perfect distressed opportunity to fall into your lap, you will miss out on tremendous values right now.

“In the case of Suburban Villas, the seller was a long-term owner and was simply retiring from the real estate business.  Our initial pricing and the non-distressed nature of the sale turned many people off.

“However, after a full six-month marketing process, we were able to secure a sale at a 33 percent profit for the seller, and the buyer bought in at a 10.79 percent cap rate and a ‘high-teens’ cash-on-cash return.”

Suburban Villas was built in1972 and is located at 502 Beverly Boulevard.  This garden duplex rental community is located east of Brandon. 

Residents have direct proximity to major retail shopping, including Walmart and Home Depot, as well as numerous restaurants, convenience stores, pharmacies and banks.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

HFF arranges $44 million refinancing for retail condominium in Manhattan’s SoHo neighborhood


NEW YORK, NY – The New York office of HFF (Holliday Fenoglio Fowler, L.P.) announced has arranged a $44 million refinancing for the retail condominium at 599 Broadway (top left photo) in Manhattan’s SoHo neighborhood (middle right photo).

HFF managing director Evan Pariser and senior real estate analyst Todd Newman worked exclusively on behalf of the borrower, ABC Management Corp., to secure the 10-year, fixed-rate loan with Prima Capital Advisors. 

599 Broadway is located at the intersection of Broadway and Houston Street in SoHo’s Cast Iron Historic District.  The retail condominium includes the first three floors and lower level retail space of the 12-story property.

  An entity controlled by Jeff Sutton is the master tenant for the retail condominium and American Eagle subleases the ground, second floor and lower level spaces through a 15-year lease.  American Eagle is scheduled to open this flagship SoHo store in November 2010.

“This transaction represents the skillful culmination of a long-term repositioning of 599 Broadway by David R. Topping, the principal partner of ABC Management Corp. 

The creative ownership structure utilizing a joint venture master lease led by the talented Jeff Sutton has maximized the retail potential of what is arguably the best retail location in SoHo,” said Pariser.   

Founded in 1977, ABC Management Corp. is a real estate investment and management company headquartered in New York.  ABC owns numerous commercial properties in the New York metropolitan area and nationally including residential apartment buildings, shopping centers, office buildings and warehouses.

Prima Capital is an investment advisory firm specializing in whole loans, investment grade CMBS and REIT bonds and commercial mortgage ‘B’ notes.  With approximately $2 billion under management Prima Capital’s investments are made on a fully discretionary basis for a number of public and corporate pension funds.

Contacts:          
Evan Pariser, HFF Managing Director, (212) 245-2425, epariser@hfflp.com
Todd Newman, HFF Senior Real Estate Analyst, (212) 245-2425, tnewman@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500,

Thursday, October 28, 2010

Colliers International Negotiates 410,208-SF Industrial Sale in Fontana, CA


 FONTANA, CA – Colliers International, the second largest real estate services organization globally, has negotiated the sale of a 410,208-square-foot industrial building located at 10721 Jasmine St. (top left photo) in Fontana, Calif., to BlackRidge Real Estate Group, LLC, a Lakewood, Colo.-based privately held full-service real estate investment firm, for an undisclosed amount.

Built in 1991, 10721 Jasmine Street is a freestanding, concrete tilt-up industrial building with 50 dock-high doors and 3,000 amps of electrical service.

 The property has a fully-secured yard with a mechanical gate and security booth. The new owner will renovate the building and upgrade the sprinkler system to early suppression fast response (ESFR).

“This is the first vacant Class B building we’ve seen in Fontana sell to an institutional investor," said Tom Taylor (middle right photo) , executive vice president in Colliers’ Ontario office, who represented the both the buyer and the undisclosed seller in the transaction.

"Due to a shortage of Class A assets available for purchase, combined with the recent rebound in values, institutions are now aggressively pursuing Class B assets on a value added basis,” 

Along with Taylor, Steve Bellitti (middle left photo), executive vice president, and Summer Coulter (bottom right photo), associate, both in Colliers’ Ontario office, represented the buyer and seller in the transaction.

Contact:
Megan Morales
Marketing & PR Coordinator
Dir +1 949 724 5537 | Mob +1 714 273 2472
Main +1 949 474 0707 | Fax +1 949 724 5600
megan.morales@colliers.com

Southern Commercial Brokers 33,178-SF Lease in Orlando, FL

 
ORLANDO, FL--Principal Moses Salcido (top right photo), SIOR of Southern Commercial Real Estate Advisors completed a 33,178 square foot renewal at 2544 E Landstreet Road.  Salcido represented the Landlord, DCT Boggy Creek FL LP.  The Tenant was LiveTV, Inc. 

Media Contact: Celeste MacKenzie, 321-281-8503, cmackenzie@southerncommercialre.com
 
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Arbor Closes $13,760,000 Fannie Mae DUS® Loa for Westpointe Apartments in Robinson, PA


Uniondale, NY (Oct. 27, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $13,760,000 loan under the Fannie Mae DUS® Loan product line for the 291-unit complex known as Westpointe Apartments (top left photo) in Robinson, PA. The 10-year loan amortizes on a 30-year schedule.

The Westpointe Apartments are located within the West Submarket of the Pittsburgh metropolitan area in an neighborhood of increasing residential and retail development.

The West Submarket is currently outperforming the Pittsburgh market as a whole with a declining vacancy rate.

The loan was originated by Ronen Abergel (bottom right photo), Director, in Arbor’s full-service New York, NY, lending office.

Contact:  Christopher Ostrowski, costrowski@arbor.com

MBA Announces New Members and Leadership of Residential Board of Governors (RESBOG) and Residential Committee Chairs



ATLANTA, GA - The Mortgage Bankers Association (MBA) announced Henry V. (Hank) Cunningham, Jr., (top right photo) CMB, President of Cunningham & Company, Greensboro, NC, as Chairman of its Residential Board of Governors (RESBOG) and Garry Cipponeri (middle left photo), Senior Vice President of Chase in Iselin, NJ as Vice Chair of RESBOG at the association's 97th Annual Convention & Expo.  

RESBOG is the governing body for MBA's single-family residential members, responsible for establishing legislative and regulatory policies and positions on single-family residential lending issues.  

"Hank and Garry will provide excellent leadership for RESBOG as it sets MBA policy for the myriad of issues that residential mortgage lenders will face in the coming year," said MBA Chairman Michael D. Berman, CMB.  "Their dedication and commitment to MBA has made them respected leaders in our industry."

Cunningham and Cipponeri presently sit on MBA's Board of Directors and both have been active MBA members and served on several committees.  Hank has been a member of MBA's Regulatory Reform Task Force, Warehouse Lending Task Force and the GSE Policy Task Force.

Garry was previously Chair of the Secondary and Capital Markets Committee and continues to be a member of MBA's Council on Ensuring Mortgage Liquidity.

MBA also named the newly elected members of RESBOG.  The new members are:

  • Steve Alonso, Consumer Lending-Mortgage & Business, Cincinnati, OH
  • David H. Katkov, PMI Mortgage Insurance Co., Walnut Creek, CA
  • Stewart Larsen, CMB, Bank of the West, Omaha, NE
  • Marla Mayne, U.S. Bank Home Mortgage, Minneapolis, MN
  • Samuel B. Morelli, CMB, WestStar Mortgage Inc., Chadds Ford, PA

MBA's returning members of RESBOG are:

  • Gary Acosta, Prado Mortgage, San Diego, CA
  • Michael D. Berman, CMB, CWCaptial, Needham, MA
  • Phillip W. Bracken, CMB, Wells Fargo Home Mortgage, Ellisville, MO
  • Robert D. Broeksmit, CMB, Bethesda, MD
  • James G. Carter, SunTrust Mortgage Inc., Richmond, VA
  • Todd Chamberlain, Regions Financial Corporation, Birmingham, AL
  • Garry Cipponeri, Chase, Iselin, NJ
  • Dan Crockett, Franklin American Mortgage Company, Franklin, TN
  • James H. Danis II, CMB, AMP, Residential Mortgage Corp., Fayetteville, NC
  • James M. Deitch, CMB, American Home Bank NA, Mountville, PA
  • Abraham Eisner, GFI Mortgage Bankers Inc., New York, NY
  • William C. Emerson, Quicken Loans Inc., Detroit, MI
  • Robert Gaither, Bank of America Home Loans, Charlotte, NC
  • James F. Jandrisevits, USAA Federal Savings Bank, San Antonio, TX
  • John B. Johnson, CMB, MortgageAmerica Inc., Birmingham, AL
  • Michael C. Koster, EverHome Mortgage Company, Jacksonville, FL
  • Michael McQuiggan, Tri-Emerald Financial Group, Lake Forest, CA
  • J. David Motley, CMB, Colonial National Mortgage, Fort Worth, TX
  • Donald L. Salmon, TBI Mortgage Company, Horsham, PA
  • Debra W. Still, CMB, Pulte Mortgage LLC, Englewood, CO
  • Gregory S. Tornquist, Cenlar FSB, Ewing, NJ
  • G. Todd White, CMB, Avrest Mortgage Company, Lowell, AR
  • Dena L. Yocom, CMB, imortgage.com Inc., San Diego, CA
  • Michael W. Young, Cenlar FSB, Ewing, NJ

MBA's Residential Committee Chairs serving on RESBOG:

  • Financial Management: Jennifer Simons, PNC Financial Services Group Inc.
  • Legal Issues, Quality Assurance and Regulatory Compliance: David Hay, SunTrust Mortgage Inc.
  • Loan Administration: Jordan Dorchuck, AMP, American Home Mortgage
  • Residential Loan Production: Noel McGarvey, Pulte Mortgage
  • Secondary and Capital Markets: Rob Gaither, Bank of America
  • State Legislative and Regulatory: John V. Konyk, Weiner Brodsky Sidman Kider PC
Contact:
John Mechem,  (202) 557-2924, jmechem@mortgagebankers.org   
Melissa Key, (202) 557-2799, mkey@mortgagebankers.org 
  
     

Marcus & Millichap Sells 2,216-SF Single-Tenant, Net-Leased Building in Vidalia, GA


 VIDALIA, GA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a 2,216-square foot Taco Bell (top left photo) located in Vidalia, Ga., according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $795,000.

Leon Brockmeier (middle right photo) and Patrick O’Halloran, retail investment specialists in Marcus & Millichap’s Tampa and Atlanta offices respectively, had the exclusive listing to market the property on behalf of the seller, a Florida-based private investor. 

The buyer, a limited liability company based out of California, was secured and represented by Justin White and John Vorsheck, investment specialists in the Long Beach office, along with Tina Taylor and Ned Zivkovich investment specialists in the Las Vegas office. 

The Taco Bell is located at 400 E. 1st Street (US Hwy 280) in Vidalia.

 “This transaction is a testament to our national platform and our ability to move capital across the country. The buyer was in a 1031 exchange and we were able to sell this deal from start to close in roughly 30 days,” says O’Halloran.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

Marcus & Millichap Sells 62-Unit Apartment Property in Tampa, FL for $2.275 Million


 TAMPA, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Raintree Oak (top left photo) , a 62-unit apartment property located in Tampa, Fla, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

 The asset commanded a sales price of $2.275 million.

Robert Jinks (middle right photo), CCIM, senior associate and James Vestal (bottom left photo), associate in the firm’s Tampa office, facilitated the sale on behalf of the seller, a Miami-based private investor.

 The buyer, a limited liability company, was also secured and represented by Jinks and Vestal.

Raintree Oak was built in 1983 and is located at 12710 English Hills Court. 

“Even though this was a fractured condo deal, the property was being operated as a fully functioning apartment complex with high occupancy and was essentially a turnkey asset,” says Vestal.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

Marcus & Millichap Arranges Receivership Sale of Student Housing Community in Fort Myers, FL


FORT MYERS, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of College Club (top left photo), a 144-unit, 504-bed, 218,520-square foot student housing community in Fort Myers.

            Peter Katz (middle right photo)  a senior vice president investments in Marcus & Millichap’s Phoenix office; Dorothy Jackman (middle left photo), a vice president investments; Travis Prince, a senior associate; and Michael Harris, an associate; all in the Tampa office, represented the buyer, Florida Gulf Coast University, and the seller.

“With the university’s explosive enrollment growth, this property will allow the school to provide additional quality housing to their students,” says Jackman.

“College Club features high-end amenities such as a pool, a sand volleyball court, a tanning booth, fitness center and computer lab. The units provide students with their own private bedroom and bathroom and are fully furnished with modern furniture and appliances,” adds Jackman.

The property is located approximately one mile from Florida Gulf Coast University at 17100 College Club Loop in Fort Myers. The Miromar Outlets mall and the Gulf Coast Town Center mall are nearby.

The Campus Club unit mix features 72 three-bedroom/three-bath units and 72 four-bedroom/four-bath units. The average weighted unit size is approximately 1,518 square feet.

Florida Gulf Coast University has an enrollment of more than 11,000 students.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

Stirling Sotheby’s International Realty named exclusive sales and marketing agents for Chateau Am Ufer in Indialantic, Brevard County, FL


ORLANDO - Stirling Sotheby’s International Realty was recently appointed exclusive sales and marketing agents for Chateau Am Ufer (above centered photo), a 9,800 square foot waterfront estate in Indialantic priced as a bank approved short sale at $1.75 million.

Roger Soderstrom, founder and owner at Stirling Sotheby’s International Realty, said the seven-bedroom, five-and-a-half bath estate features a 20-foot waterfall and koi pond in the three-story foyer with a sweeping grand staircase.

“Chateau Am Ufer ranks as the most magnificent estate home available for sale in Brevard County,” Soderstrom said.

Designed by MAI Architects and built in 1999, the home features 230 feet of deepwater frontage on two sides and every conceivable luxury feature,” Soderstrom said.

Stirling Sotheby’s International Realty luxury home specialist Jack Jeffcoat (lower left photo), who personally represents the property, said the estate in Indialantic resembles a storybook European castle with modern design flourishes and rock-solid engineering that includes 29 pinpoint pilings, bronzed storm windows that exceed Miami-Dade hurricane code specifications and a whole-house generator.

The estate can accommodate two yachts of up to 60 feet on the canal side and up to 90 feet on the river side. The gourmet kitchen features hand-stained tile pointers and Italian tile flooring. The media room features four large LCD screens and a drop-down theater screen.

“Chateau Am Ufer is one of the most striking luxury estates I have ever seen. At the bank approved short sale price, it may rank as the greatest estate value in Florida,” Soderstrom said.

Visit http://tours.tourfactory.com/tours/tour.asp?t=464576 for a video tour of the property.

For more information, please  contact: 
Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890;  
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 

NAI Realvest negotiates sale of office condominium for Dental Office at Narcoossee Commerce Park


ORLANDO — NAI Realvest recently negotiated the $408,375 sale price for a 2,475 square foot “gray shell” office/retail condominium at Narcoossee Commerce Park,
8257 Narcoossee Park Drive
in southeast Orlando

Michael Heidrich (top right photo), a principal at NAI Realvest, negotiated the sale representing the seller, Harkins Development Corporation of Sanford

OCAV Holdings, LLC of Orlando purchased unit A in Building 1 at the commerce park and plans to build out the space for use as a dental office.  David Murray of ProMax Property Solutions represented the buyer in the transaction.

For more information, contact:  
Michael Heidrich, Principal NAI Realvest, 407-875-9989 mheidrich@realvest.com;
   Patrick Mahoney, Principal/Chief Operating Officer, 407-875-9989;  
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142  

Marketplace Advisors, Inc. Developing Database for Retailers


ORLANDO, – Marketplace Advisors, Inc., the specialty commercial real estate firm that focuses on the development of town centers and downtown development districts is developing a major area database that will help retailers identify areas that show the most promise for new retail and restaurant locations.

David Marks (top left photo), president of Marketplace Advisors, Inc. said he has identified 15 submarkets with local demographics data and retail buying trends.

“The real estate market is slowly recovering and over the next few years we will see select new development, relocation and expansion in Central Florida,” Marks said.

Typically, area studies are developed independently by retailers and development consultants, Marks said.

“We’re establishing a region-wide database that will answer all the questions a retail chain or restaurant may have about the region and about specific submarkets within our region,” he said.

For more information, please contact:  
David Marks, Marketplace Advisors, Inc., 407-599-0007, dmarks@cfl.rr.com;  
Larry Vershel or Beth Payan, LV Communications, 407-644-4142    

Stirling Sotheby’s International Realty Reports Sale of Home Site at Bella Collina



ORLANDO - Stirling Sotheby’s International Realty reports it recently sold an estate home site at Bella Collina, the luxury country club community located in Lake County north of
Colonial Dr.
near Montverde.

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said associates Dan Natol (lower  left photo)i and Carolyn Burgiel (top right photo) of Stirling Sotheby’s Luxury Residential Team sold the home site to a British buyer who plans to build a 10,000 square foot luxury home at Bella Collina.

Stirling Sotheby’s represented the buyer in the transaction, Soderstrom said.

“This sale marks the start of a resurgence at Bella Collina that we have been reporting for three months,” Soderstrom said. “We have seen a marked increase in activity at Bella Collina, with interested buyers from all over the world,” he said.

But all the interest isn’t international---Soderstrom said more than half of the sales inquiries Stirling Sotheby’s has fielded come from Central Florida buyers.

To see a video of the Bella Collina home, http://www.youtube.com/watch?v=FrJ7J4EG13s

For more information about this press release, contact:  
Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890;  
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142