Monday, May 23, 2011
ORLANDO, FL— Nicholas Ledvora (top right photo) and Christopher Savino middle left photo), Managing Directors with Equity Investment Services (EIS), successfully closed the sale of two bank owned office buildings totaling 29,274 square feet and located in Flowood, MS.
Ledvora and Savino represented both the buyer and seller in the above referenced transaction. EIS brokered this transaction in association with Brandon Brown with TL Brown Properties of Jackson, MS.
“Like all distressed sales, this transaction was a great move for both the buyer and seller. Zions Bank was able to liquidate a non-performing asset and the buyer acquired a solid investment well below replacement value with plenty of upside.” said Ledvora on the transaction.
Mr. Ledvora and Mr. Savino are currently representing Zions First National Bank and other National lenders in a number of REO dispositions throughout the Southeastern United States.
Equity Investment Services is a full service commercial real estate investment advisory company based in Orlando, Florida.
Our group was strategically created to serve the needs of its clientele.
EIS represents owners in the dispositions and acquisitions, leasing and professional management of shopping centers, office buildings, industrial properties, single tenant net leased investments and multi-family properties.
For more information, visit: www.EISRE.com
Alana L. Champagne
Director of Property Management
Phone: 407.573.0711 ♦ Fax: 407.573.0710
Email: AChampagne@EISRE.com or
Nicholas Ledvora (o) 407/573-0711 firstname.lastname@example.org
Uniondale, NY (May 23, 2011) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of 10 loans totaling $27,730,400 under the Fannie Mae DUS® Loan and Fannie Mae DUS® Small Loan product lines across the Pacific Northwest, Alabama and Colorado:
Cascade Meadow Apartments, Woodburn, OR (top left photo) – The 200-unit complex received $11,775,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
Four Seasons Apartments, SeaTac, WA (top right photo) – The 61-unit complex received $2,490,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
Glenn Apartments, Portland, OR (middle left photo) – The 23-unit complex received $2,312,500 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
Carriage Estates, Wilsonville, OR – The 37-unit complex received $1,992,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
Sunview Apartments, Seattle, WA – The 37-unit complex received $1,693,200 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
Inverness Apartments, Portland, OR – The 12-unit complex received $837,700 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
Regis Arms Apartments, Hillsboro, OR – The 20-unit complex received $800,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
Edgewood Villas, Mobile, AL (middle right photo) – The 103-unit complex received $1,530,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
The Birches Apartments, Scottsboro, AL – The 88-unit complex received $1,300,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 25-year schedule.
Park Athmar Apartments, Denver, CO (lower left photo) – The 84-unit complex received $3,000,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
All of the loans were originated by Brian Scharf (bottom right photo), Director, in Arbor’s full-service Uniondale, NY, lending office.
“The package of recently close DUS® loans covered a broad diversity of loan sizes as well as geographies, from the Pacific Northwest to the Southeast and in between,” Scharf said.
“This varied array, based on both size and location, is a testament to Arbor's ability to offer everything Fannie Mae does. Our familiarity with all markets and loan sizes continues to strengthen our competitive advantage at a time when many of our competitors are limiting their focus.”
Contact: Christopher Ostrowski, email@example.com
ATLANTA, GA (May 23, 2011) - The Beck Group’s Atlanta office said today that Harri M. Jarvenpaa (top right photo), AIA, LEED AP, has joined the team as a senior designer.
Harri has more than 15 years of experience in healthcare design and complex high-rise mixed-use construction. In his new role with Beck, Harri will manage pre-development services, conceptual design and facilitate meetings with municipal zoning and code officials.
During his career, Harri has managed and designed projects in Georgia, Texas, Florida, Colorado, North Carolina and Virginia. The majority of these project budgets were between $50 million and $100 million.
“Harri has extensive experience in healthcare design and construction,” said Fred Perpall (lower left photo by KARL W. RITZLER/Special from Atlanta Journal Constitution) managing director of Beck’s Eastern Division. “This skillset will be a great asset to our design team.”
Dallas-based Beck is a full-service builder. Beck is in the business of devising solutions for clients needs through the development of real estate, the design of architecture and interiors and the construction of buildings.
Beck serves a wide range of industries, including arts, corporate, healthcare, entertainment, religious and education. Beck has more than 500 employees, many of whom are LEED-accredited professionals, working from a network of offices in Atlanta, Austin, Dallas, Denver, Fort Worth, Mexico City, San Antonio and Tampa.
For more information, go to www.beckgroup.com
“The property at 12300 Gladstone Avenue was sold quickly within only three months of listing the property,” said Weirick.
Angela S. Hwang
Regional Marketing Coordinator | Greater Los Angeles
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258
"The good news is that unlike the previous three years, the positive momentum we are observing in the retail sector easily exceeds the downside risks, giving us greater confidence that the recovery will continue to strengthen," said Thorpe.
Cassidy Turley issued its May 2011 Insights: Retail Outlook at the International Council of Shopping Centers (ICSC) RECon 2011 conference, May 22-25, at the Las Vegas Convention Center.
Copies of the May 2011 Insights: Retail Outlook and other Cassidy Turley research are available at Cassidy Turley's booth (#C187 L St) in the Central Hall.
For a complete copy of the company’s news release, please contact:
Maureen Wheeler, Vice President, Corporate Communications, Cassidy Turley, +1-202-463-1138, Maureen.Wheeler@cassidyturley.com
or Dan Cherrin, Definition 6 for Cassidy Turley, +1-313-300-0932, Daniel.Cherrin@definition6.com
Web Site: http://www.cassidyturley.com
Daymark Realty Advisors Secures 30,000-SF Lease Renewal and Expansion with Government Agencies at One Northlake Place in Cincinnati
Daymark Realty Advisors manages One Northlake Place, a four-story, Class A office building located at 11500 Northlake Drive, on behalf of individual owners through one of its subsidiaries.
The GSA transaction consists of two separate 15,000-square-foot leases, one for the Veteran’s Health Administration (VHA) National Center for Organization Development (NCOD) and the other for the Department of Veterans Affairs (VA) Veterans Integrated Service Network (VISN).
“The Government Services Agency has been a tenant at One Northlake Place for more than 10 years,” said Elizabeth Grossman, vice president, asset management. “The lease renewal and expansion will increase the building’s occupancy from 75 percent to 83 percent, far outpacing the local submarket where the average occupancy rate is 79 percent.”
Built in 1986, One Northlake Place is an approximately 177,000-square-foot office building situated on the former 10-acre Quantum Campus. The property is located in Sycamore Township, an unincorporated municipality of Greater Cincinnati that does not levy personal income taxes, but instead operates with a local real estate tax.
John Schenk from Colliers International represented Daymark Realty Advisors in the transaction. The Government Services Agency was self-represented.
For more information regarding Daymark, please visit http://www.daymarkrealtyadvisors.com/.
Contact: Damon Elder, Direct: 714.975.2659 • Cell: 714.356.1460