Saturday, March 12, 2011
Eastwood, a senior vice president investments, specializes in the sale of multifamily investment real estate. He joined Marcus & Millichap in May 1987 and was promoted to senior vice president investments in July 2010. Eastwood also serves as a senior director of the firm’s National Multi Housing Group.
Contact: Stacey Corso, Public Relations Manager, (925) 953-1716
NAI Realvest Negotiates New Long-Term Restaurant Lease at Boardwalk Plaza in University of Central Florida area
ORLANDO, FL – NAI Realvest recently negotiated a new five-year lease agreement for Suite 1018, an endcap space with drive-through in the Boardwalk Plaza (top left photo) located at 3100 Alafaya Trail in Oviedo.
NAI Realvest principals Matt Cichocki and Kevin O’Connor negotiated the transaction representing both the landlord, Boardwalk Plaza LLC of Gardena, Calif. and the new tenant AC/BA LLC of Oviedo.
The tenant plans to open a Mediterranean style café by the end of March serving coffees, fresh baked goods, sandwiches, Middle Eastern dishes and smoothies.
The 8,312 square foot Boardwalk Plaza is currently 83 percent leased.
For more information, contact:
Matt Cichocki and Kevin O’Connor, NAI Realvest 407-875-9989; firstname.lastname@example.org; email@example.com
Patrick Mahoney, President, NAI Realvest, 407-875-9989 firstname.lastname@example.org
Beth Payan, Larry Vershel Communications, 407-644-4142 email@example.com
NAI Realvest Negotiates Seven Year Office Lease in La Vina Office at Lake Nona in East Orlando
ORLANDO, FL --- NAI Realvest recently negotiated a seven-year lease agreement for office space in La Vina Office at Lake Nona at 9161 Narcoossee Rd. in East Orlando.
Mary Frances West (middle right photo), CCIM senior associate at NAI Realvest, negotiated the lease of suite B209 with 2,706 square feet of professional office space in the upscale facility representing the landlord Orlando-based Ripley’s International, LLC.
The new tenant is Van Dyke Gynecology who was represented by Richard Schauseil of Charles Rutenberg Realty.
For more information, contact:
Mary Frances West, CCIM, Senior Broker-Associate NAI Realvest, 407-875-9989, firstname.lastname@example.org;
Patrick Mahoney, President, NAI Realvest, 407-875-9989, email@example.com;
Beth Payan, Larry Vershel Communications, 407-644-4142, firstname.lastname@example.org
NEW YORK, NY--The monthly climb in delinquencies continues for U.S. CREL CDOs, with late-pay rates now approaching 15%, according to the latest index results from Fitch Ratings. The full results are featured in this week’s U.S. CMBS newsletter.
CREL CDO delinquencies rose to 14.6% in February from 14% in January.
Construction and land loans continue to encompass the most late-pays by
property type, though their collateral composition in current transactions
is far smaller than other larger property types.
‘Though office loans make up the largest percentage of CREL CDO collateral,
they have the lowest delinquency rate among all property types,’ said
Director Stacey McGovern. ‘Over time, however, Fitch projects office
delinquencies in CREL CDOs to increase.’
Current delinquencies by asset type are as follows:
--Construction: 53% (2% of total collateral);
--Land: 39% (7%);
--Condo: 26% (2%);
--Multifamily: 22% (14%);
--Industrial: 14% (2%);
--Hotel: 12% (16%);
--Rated Debt: 12% (17%);
--Retail: 11% (6%);
--Office: 9% (24%);
--Other: 9% (5%).
The remaining 5% is un-invested principal cash.
Additional information is available in Fitch's weekly e-newsletter, 'U.S.
CMBS Market Trends'.
Fitch Inc., 1 State Street Plaza, New York, NY 10004
Media Relations: Sandro Scenga, New York, Tel: +1 212-908-0278: