Thursday, November 4, 2010

Resort Tax Collections in Orange County, FL Up for 8th Straight Month

 ORLANDO, FL -- County Comptroller Martha Haynie (top right photo) announced resort tax collections received by the County for the hotel collection month of September 2010 were $9,659,000.

 Resort taxes are charged on short-term rentals, mostly hotels and motels.

Comptroller Haynie noted that September 2010 collections were nearly five percent higher than September 2009.

 "It's good to end the fiscal year with the eighth straight month of
increased collections,” Haynie stated.

For a complete copy of the news release and statistics, please contact Martha O. Haynie (407) 836-5690

CLW Represents Senior Housing Owner in $13.9 Million Transaction

 TAMPA, FL--CLW Health Care Services Group is pleased to have represented Herbert J. Sims and their joint venture partner in the sale two Assisted Living communities located in Tupelo, Mississippi and Gulf Breeze, Florida.

The aggregate sale price is $13,900,000 or $110,317 per unit*. LTC Properties, Inc. was the purchaser.

Gulf Breeze Facts:

• 61 Assisted Living/Memory Care units
• Single story building - 36,000± SF
• Built in 2001
• 2.5± acres
• Occupancy 75%±

AvonLea Facts:

• 65 Assisted Living units
20 Independent Living Cottages - Fee simple, resident owned
• Assisted Living building - 41,000± SF
• Built 1999 & 2003 (AL); 2000-2008 (IL)
• 5.6± acres
• Occupancy 95%± (long history of high occupancy
* calculation excludes the 20 cottages homes at AvonLea

Contact: Allen McMurtry 813.349.8349

Southern Commercial Completes 14,400-SF Lease Renewal in Orlando

ORLANDO, FL---Principals Tom McFadden, SIOR and William “Bo” Bradford, CCIM, SIOR of Southern Commercial Real Estate Advisors completed a 14,400 square foot renewal at 7576 Kingspointe Parkway.  McFadden and Bradford represented the Landlord, TR Crownpointe Corp.  The Tenant was Clark Security Products, Inc. 

Media Contact:  Celeste MacKenzie, 321-281 8503,      

MBA: Commercial Mortgage Originations Continue to Rise in Third Quarter

WASHINGTON, D.C. (Nov. 4, 2010) - Third quarter 2010 commercial and multifamily mortgage loan originations were 32 percent higher than during the same period last year and 15 percent higher than during the second quarter, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

"Commercial and multifamily mortgage lending continued to pick up during the third quarter," said Jamie Woodwell (top right photo), MBA's Vice President of Commercial Real Estate Research. 

 "Today's low interest rates make for a very attractive borrowing environment. However relatively low levels of loan maturities and a slow, albeit rising, sales market continued to dampen overall commercial mortgage demand." 

Origination volumes for life companies and Fannie Mae and Freddie Mac were relatively strong during the third quarter; originations for CMBS remained very low in absolute terms but picked up considerably on a percentage basis; and commercial mortgage borrowing at commercial banks fell on both a quarter-over-quarter and year-over-year basis.

For a complete copy of the company's news release, please contact  Melissa Key, (202) 557-2799,

Canyon Ranch Living Miami Beach Hires Pordes Residential

 AVENTURA, FL – Pordes Residential Sales and Marketing is pleased to announce that it has been awarded the exclusive sales and marketing assignment for the prestigious Canyon Ranch Living Miami Beach (top left photo) luxury condominium project.

“We chose the Pordes team because of its unparalleled experience and successful track record in the industry,” said Kimberly Macleod, spokesperson of LAMCO, LLC, the firm that is overseeing the project. 

“Our dedicated sales team looks forward to promoting this unique asset, a true lifestyle resort concept that appeals to affluent individuals who seek the finest in South Florida oceanfront living,” said Mark Pordes (middle right photo), president of Pordes Residential. 

“We are excited to represent this prime oceanfront condo, hotel and spa property,” added Michael Sadov (lower left photo), director of condominium sales for the Canyon Ranch Living Miami Beach project.

Canyon Ranch Living Miami Beach has three towers, consisting of 430 one, two, and three-bedroom and penthouse condominium residences, and 150 luxury hotel suites, as well as a 70,000 square-foot Canyon Ranch Wellness spa.  Canyon Ranch Hotel & Spa offers guests an unparalleled wellness and spa experience in South Florida. 

The Pordes team, led by President Mark Pordes, also provides sales and marketing for other upscale properties located on Miami Beach. 

 Team members are veterans in the high end luxury condo sales arena.  Pordes Residential has worked with preeminent brands such as Turnberry, the Atlantis Condo Hotel, and W Hotels & Resorts. 

Jami Baker
Account Coordinator
Boardroom Communications
(954) 370-8999
(954) 370-8892 Fax