Colliers International Negotiates Five-Year Lease for a 155,992-SF Industrial Building Valued at $3.1 million in City of Industry, CA

CITY OF INDUSTRY, CA, Mar. 31, 2011. – Colliers International, the second largest global real estate services organization, recently negotiated a five-year lease for a 155,992-square-foot industrial building located at 14255-14317 Lomitas Ave (top left photo), City of Industry, Calif. The transaction is valued at $3.1 million.

 Built in 2001, the property offers state-of-the-art building features including 30’ minimum ceiling clearance and a secured concrete yard.

It will be used as a warehouse by the new tenant. Steve Bellitti, senior executive vice president, Tom Taylor, senior executive vice president, and Tony Phu, executive vice president, all based in Colliers International’s Inland Empire office  represented the landlord, Lomitas LP, a Orange County-based investor. The tenant, HOT Services, was represented by IDS Real Estate Group.

“This is one of the few deals done  greater than 100,000 SF size range in Industry this year.  By tracking movement in the market, Colliers brokers were able to identify the potential tenant whose building recently sold,” said Phu.  “By working with the tenant's broker, Colliers was able to introduce the prospective tenant to the building and consummate a deal.”

.Contact: Angela S. Hwang

Dir +1 213 532 3258 | Mob +1 310 867 4105

Main +1 213 627 1214 | Fax +1 213 327 3258

angela.hwang@colliers.com

http://www.colliers.com/

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Morrison Commercial Real Estate Completes Lease Transactions Totaling 74,092 SF in Metro Orlando

ORLANDO, FL (Mar. 31, 2011):  Greg Morrison, CCIM, SIOR, Principal of Morrison Commercial Real Estate, announced the completion of two lease transactions totaling 74,092± square feet. 

Greg Morrison and  Emily Zinaich (top right photo) represented Parkway Properties in renewing and expanding the lease of Camp Dresser & McKee, Inc. for a total of 63,286± square feet in the Maitland 200 building located at 2301 Maitland Center Parkway.  Sarah Castor, Daniel Sullivan and Chris Crooks of CresaPartners represented the Tenant in this transaction.

Damien Madsen (bottom left photo) represented the Center for Drug Free Living in renewing their 10,806± square foot lease at Corporate Park located at 3670 Maguire Road in Orlando, FL.  Elliott Jamison and Robbie McEwan of Realty Capital Advisors represented the landlord in this transaction.

  

Contact: Buffy Gillette, Phone: 407.219.3500

Email:  bgillette@morrisoncre.com

The Marketing Directors Orchestrates Sell-out of Huff Heights in West Midtown Atlanta

                                                                       

 ATLANTA, GA (Mar.  31, 2011) – The Marketing Directors announced a sellout of all 18 townhomes at Huff Heights (top left photo) located at 1199 Huff Road in Atlanta.

 The sales effort was led by Senior Vice President of Sales/Managing Broker Vic Miller whose 15 years of real estate experience created a winning strategy, while June Obondo spearheaded the on-site sales.

 “We have enjoyed working with Rob Meyer for many years,” says The Marketing Directors President, David Tufts. “Our combined strengths make us a strong force in today’s marketplace.”

 After the success at Huff Heights, Meyer has named The Marketing Directors the exclusive sales and marketing team for 18 townhomes at Brownstones at Edgewood.   Once again Miller and Obondo will bring their successful approach to selling townhomes in one of Atlanta’s sought-after urban neighborhoods to Brownstones at Edgewood.

 Brownstones at Edgewood are located near East Atlanta, Kirkwood, Inman Park, Grant Park and Candler Park, perfectly situated in a hotbed of activity near great restaurants and shopping.  The three- and four-bedroom townhomes embody the classic curbside appeal of traditional brownstones, while the interiors are sophisticated and stylish.

  For More Information, Contact:

Liz Lapidus/Traci Buch, Liz Lapidus PR, 404.688.1466,

traci@lizlapiduspr.com

http://www.lizlapiduspr.com/

SunRail Commuter Rail Will Transform Central Florida into a Modern, Sustainable Community, Says Noted Urban Economist

ORLANDO, FL --- The SunRail commuter rail system that will link Orlando with Volusia, Seminole and Osceola communities will transform Central Florida into a modern, sustainable community that will dramatically improve Central Florida’s economy, says David Marks (top right photo), a nationally-recognized urban economist who has amassed a 20-year study of sustainable communities.

Marks, president of Marketplace Advisors, Inc. in Orlando, is preparing a book that details his study, the topic of presentations to policy-maker conferences and seminars throughout the country.

“SunRail’s 61-mile route will eventually define the core of urban living in Central Florida,” Marks said. “For an area of about two-miles from these rail stations (an area of approximately 8,000-acres), we’ll see the sort of urbanization that has made many European communities and some American communities more livable,” he said.

This 120,000-acre SunRail corridor now includes approximately 423,000 people, 16 percent of the region’s 2.6 million residents, and approximately 28 percent of the region’s employees, Marks said. Eventually, these figures should be closer to 50 percent.

SunRail will also reduce the need for road-building efforts in outlying suburban areas and will reduce traffic congestion in our urban areas, Marks said.

“Like most American communities, Central Florida has followed a 20th-century fossil fuel model for growth,” Marks said.

That means thousands of acres of asphalt highways to distant suburban communities and millions of hours wasted driving back and forth to work, not to mention fuel costs and the impact on the environment.

Marks said more sustainable economic policies will eventually lead city and county governments to incentivize growth within the SunRail corridor and dissuade growth from many outlying areas.

The population density for the Central Florida region is now about 0.9 people per land acre, and 3.57 people per land acre for the SunRail corridor, these low densities mean that virtually every adult must own a car, Marks said.

“Boston and Washington, D.C. have a population density of about 19 people per land acre, which is more sustainable,” Marks said. “In Santa Monica, California, density is about 17 people per land acre. In parts of London and Paris, it’s over 100 people per land acre,” he said.

Greater density means more opportunities for walkable communities, multi-model transportation, and community amenities in walking distance, such as parks, swimming pools and athletic fields, Marks said.

“SunRail is a giant leap into a more sustainable future for Central Florida,” Marks said.

For more information,  please contact:  

David Marks, Marketplace Advisors, Inc., 407-694-7040, http://www.marketplaceadvisorsinc.com/

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

WeinPlus Chief Executive Says for Many Real Estate Companies, Revenue Opportunities Lie “Between the Cracks”

 ST. PETERSBURG, FL--- Most companies do fairly well at optimizing productivity within individual departments. But substantial revenue opportunities---and profits---often lie “between the cracks,” says Rachel Elias Wein (top right photo) at WeinPlus Real Estate Advisory Services in St. Petersburg.

Wein, whose firm specializes in helping real estate owners, developers, lenders and management companies manage their operations to increase revenues, said most operations are good at maximizing efforts within departments.

“The leasing department does a good job of leasing, the legal department does a good job of negotiating and executing the lease.

“The construction department does a good job with construction. But the biggest opportunities to increase profits lie in the hand-off between leasing and legal, or the notification between legal and construction, or the turn over from construction to property management,” Wein said.

“I see significant gaps, and significant opportunities between these departments,” she said. 

That’s where WeinPlus focuses much of its expertise.

“Creating overlapping systems to optimize the entire process--- not just the sub-processes---can result in significant revenue enhancement and profitability,” Wein said.

For more information, contact

Rachel Elias Wein, AIA, Founder / Principal, WeinPlus, 727-386-9346, www.weinplusassociates.com;

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

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