Thursday, November 18, 2010

The Land Sharks Close $1.62 Million Land Deal in Zephyrhills, FL

ZEPHYRHILLS, FL – Mark Cooney (middle left photo)  and Randy Mills (top right photo) with The Land Sharks represented the seller of 13.33± acres located on Ft. King Highway in Zephyrhills.

The site was purchased for $1.62 million and is approved for 120 multi-family units.

 Construction on this project is scheduled to begin this week and should be completed within the next 12 months. Eshenbaugh Land Company represented the buyer, The Richman Group. 

The Land Sharks are seasoned professionals who have extensive contacts among qualified local, regional and national buyers and sellers. Within this network, The Land Sharks have an audience for virtually every type of commercial land product, from urban infill to large acreage.

 For more information, visit

Media Contact: Michele Whalen, The Land Sharks,
813.287.0070 x234; 3000 Bayport Drive, Suite 150, Tampa, Florida 33607

HFF arranges $31.5 million refinancing for Court Plaza North & South in Hackensack, NJ

FLORHAM PARK, NJ – The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $31.5 million refinancing for Court Plaza North & South (top left photo), a 325,197-square-foot, Class A office complex in Hackensack, New Jersey.

HFF senior managing director Thomas Didio (middle right photo) and associate director Michael Lachs exclusively represented the borrower, Alfred Sanzari Enterprises.  John Hancock Real Estate Finance provided the 10-year, fixed-rate loan that refinanced the existing mortgage on the property.

Court Plaza North & South is located at 25 and 21 Main Street adjacent to the Bergen County Court House and the Bergen County Government facilities in Hackensack’s central business district, which is approximately 12 miles northwest of Midtown Manhattan and easily accessible from Routes 4 and 17 and Interstate 80.

 Court Plaza North consists of six stories of office space totaling 165,197 square feet and Court Plaza South is a three-story building totaling 160,000 square feet.  Both properties are located above a 1,073-space underground parking garage. 

The major tenants at the complex include the law firms: Cole Schotz Bernstein Meisel & Forman, Winnie Banta Hetherington Basralian & Khan PC, Herten Burstein Sheridan, and the accounting firm EisnerAmper.

“Court Plaza North & South is the highest quality ‘Class A’ office building located within walking distance of the courthouse and government facilities as evidenced by its exceptional tenant roster.  The property is extremely well maintained and provides tenants with an exceptional amenity package,” said Didio. 

“We are pleased to have provided the financing for the Sanzari Family on this quality asset.  John Hancock provided the borrower with a loan that featured an interest rate lock at application and that met the borrower’s business plan for the asset,” added Didio.

Founded in 1945, Alfred Sanzari Enterprises is one of New Jersey’s leading commercial real estate development organizations.  Headquartered at Court Plaza in Hackensack, New Jersey, Alfred Sanzari Enterprises owns and manages more than six million square feet of commercial, industrial, multifamily and mixed-use real estate assets in the northern New Jersey market. 

Thomas R. Didio, HFF Senior Managing Director, (973) 549-2000,
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,                           

CampusMBA Extends Partnership with Insurance Advisors to Offer Live Online Workshops for Commercial/Multifamily Professionals

 WASHINGTON, D.C. (Nov. 18, 2010) - CampusMBA, the award-winning education division of the Mortgage Bankers Association (MBA), today announced it has extended its partnership with Stamford, Connecticut-based Insurance Advisors LLC.

Under the agreement, CampusMBA, in conjunction with Insurance Advisors, will offer live online workshops addressing insurance issues for commercial/multifamily real estate loans.

 "MBA remains committed to offering a wide variety of industry education and this partnership with Insurance Advisors illustrates our continued commitment to these efforts as we offer focused classes on commercial insurance issues that are so vital to our commercial and multifamily members," said Gail Cardwell, (top right photo) MBA's Senior Vice President of Commercial/Multifamily.

"The Commercial Insurance LIVE Online Workshops are a great resource for our members to enhance their knowledge base through the expertise provided by CampusMBA and Insurance Advisors," said Paul Green (middle left photo), MBA's Senior Vice President of Corporate Relations, Education and Business Development.

 "We are delighted to renew our joint venture with MBA to put on Live Online Workshops related to commercial real estate insurance. This has been a great partnership and we look forward to our third year together in this endeavor," said Bernie Brown (lower right photo), President of Insurance Advisors LLC.

 "We are committed to providing superior educational assistance to MBA members and we are proud the MBA has chosen to continue our partnership with them."

To learn more about the Commercial Insurance LIVE Online Workshops offered by CampusMBA and Insurance Advisors click here or call (800) 348-8653. If you are a member of the media, please contact Melissa Key at (202) 557-2799.

For additional information, visit MBA's Web site:

Contact:  Melissa Key, (202) 557-2799,

Colliers International Completes Mixed-Use Sale Totaling $3.85 Million in Hollywood, CA

LOS ANGELES, CA– Colliers International, the second largest real estate services firm globally, has completed the sale of a 25-unit hotel located at 7160 W. Sunset Blvd. (top left photo)  and an eight unit apartment building located 1442 N. Formosa Ave., both in Hollywood, Calif. to Step Up on Second, a nonprofit organization providing psychosocial rehabilitation and support to people affected by severe and persistent mental illness.

 The total transaction is valued at $3.85 million.
Both properties, built in 1954, underwent renovations from 2003 to 2007. The two-story, 25-unit hotel, includes a small vacant retail space on the ground floor.

 “The property will now be called ’Michael’s Village’ and will house 30 formerly homeless individuals affected by mental illness through the Step Up on Second organization,” said Kathleen A. Silver, CCIM, senior vice president, based in Colliers International’s Downtown Los Angeles office, who represented the seller, Patel Family Trust, in the transaction.

 Along with Silver, Kay Thorpe of Colliers International’s DTLA office, represented the seller. The buyer was represented by Bailes and Associates, Inc.

 Step Up on Second is a member of the Clinton Global Initiative (CGI), established in 2005 by President Bill Clinton (lower left photo). The CGI convenes global leaders to devise and implement innovative solutions to some of the world's most pressing challenges.

Media Contacts:
Megan Morales, Marketing & PR Coordinator, Greater Los Angeles, Colliers International,Tel: 949 724 5537

Angela S. Hwang
Regional Marketing Coordinator
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258

Colliers International Negotiates 43,700-SF Industrial Lease in San Fernando, CA

 Los Angeles, CA – Colliers International, the second largest real estate services organization globally, has negotiated the 87-month lease of a 43,700-square-foot industrial building at 250 Parkside Dr. (top left photo) in San Fernando, Calif., to Mygrant Glass Company, Inc. a Hayward, Calif.-based distributer of automotive glass products.

 Built in 1986, the free-standing building is located within Parkside Industrial Center, and features 24-foot ceiling, four dock-high doors and a fenced yard.  The building has modern amenities that were very important to Mygrant.

 “Mygrant Glass Company required a building with more functional space and higher ceilings than their current facility in Arleta.

“This property not only fit those requirements, it is also located within a short distance from their current operations,” said John DeGrinis (middle right photo), SIOR, executive vice president, who represented the tenant in the transaction, along with Patrick DuRoss, (middle left photo) associate vice president, and Jeff Abraham (lower right photo), associate, all of TEAM DeGRINIS based in Colliers International’s Encino, Calif., office.

 Innovision Property Group out of Salt Lake City, Utah, Mygrant Glass’ national exclusive representative, partnered with TEAM DeGRINIS to represent the tenant.

Douglas Wax of Industrial Park Associates represented the landlord, Oxnard, Calif.-based San Fernando Associates LLC, a real estate investment firm, in the transaction.

TEAM DeGRINIS is a specialized group within Colliers International that provides consulting on industrial and R&D real estate requirements in the North Los Angeles region.

With a combined 40 years of experience in the commercial real estate industry, TEAM DeGRINIS is a leader in sharing strategic local market insight and has completed more than $425 million in transactions over the past five years

For more information, visit
 Media Contacts:
Megan Morales, Marketing & PR Coordinator, Greater Los Angeles, Colliers International,Tel: 949 724 5537

Angela S. Hwang
Regional Marketing Coordinator
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258