Norman Eastwood Named One of Marcus & Millichap’s Top Investment Specialists Nationwide

ENCINO, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced its top investment specialists for 2010. Norman Eastwood (top right photo) of the firm’s Dallas office ranked No. 8 out of more than 1,200 investment specialists nationwide.

“We are proud to recognize Norman Eastwood as one of the firm’s top agents,” says John J. Kerin, president and chief executive officer of Marcus & Millichap. “Norman’s accomplishments reflect his superior transaction expertise and unwavering commitment to client service.”

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; mcichocki@realvest.com; koconnor@realvest.com

Patrick Mahoney, President, NAI Realvest, 407-875-9989 pmahoney@realvest.com

Beth Payan, Larry Vershel Communications, 407-644-4142 lvershelco@aol.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, mwest@realvest.com;

Patrick Mahoney, President, NAI Realvest, 407-875-9989, pmahoney@realvest.com;

Beth Payan, Larry Vershel Communications, 407-644-4142, lversehlco@aol.com

  

Fitch U.S. CMBS Newsletter: CREL CDO Delinquencies Nearing 15%

 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'.

Contact:

Stacey McGovern

Director

+1-212-908-0722

Fitch Inc., 1 State Street Plaza, New York, NY 10004

Karen Trebach

Senior Director

+1-212-908-0215

Media   Relations:   Sandro   Scenga,   New  York,  Tel:  +1  212-908-0278:

sandro.scenga@fitchratings.com