Equity Investment Services Sells Flowood Office Complex (REO)

 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

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 Contact:

Alana L. Champagne

Operations Manager

Director of Property Management

Phone: 407.573.0711 ♦ Fax: 407.573.0710

Email: AChampagne@EISRE.com  or

Nicholas Ledvora (o) 407/573-0711 nledvora@eisre.com

Website: www.EISRE.com

Arbor Closes 10 Fannie Mae Loans Totaling $27.7M Across Pacific NW, AL and CO

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:

 Pacific Northwest

 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.

 Alabama

 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.

Colorado

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, costrowski@arbor.com

Beck Hires Harri Jarvenpaa as Senior Designer

 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.”

Before joining Beck, Harri was a senior designer with The Peacock Partnership in Atlanta. His career has also included positions with The Preston Partnership and Smallwood, Reynolds, Stewart, Stewart and Associates.

Harri is a member of the American Institute of Architects and the U.S. Green Building Council. He holds a Bachelors of Architecture from Mississippi State University.

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

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 Contact:

Laura Dudebout

O: 404.965.5023

C: 678.642.4301

ldudebout@wilbertnewsstrategies.com

Colliers International Completes Two Industrial Sales Totaling $4.113 Million in Sylmar, CA

SYLMAR, CA, May 23, 2011. – Colliers International, the second largest global real estate services organization, recently completed two industrial deals in Sylmar, Calif. Brent Weirick, senior vice president based in Colliers International’s Encino office, handled both deals.

 The first industrial sale was a 10,800-square-feet property located at 12300 Gladstone Avenue (top left photo) with the transaction value equaling $1.25M or $115.74 per square foot. This property was built in 1967 and offers high clearance, excess land component, located within the enterprise zone with dock high and grade level loading along with a fenced yard. Weirick represented the seller in this transaction.

The other industrial sale was purchased by the Seller of the Gladstone property as the upleg to their 1031 exchange. This building is a 34,650-square-feet facility located at 12950 Bradley Avenue (lower right photo). The transaction valued at $2.863M or $82.63 per square foot. Built in 1970, the property offers grade level and dock high loading with a lot size of 57,765 square feet. Weirick represented the buyer.

Buyer and seller information remains confidential for both transactions.

 “The property at 12300 Gladstone Avenue was sold quickly within only three months of listing the property,” said Weirick.

Contact:

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

angela.hwang@colliers.com

Cassidy Turley Chief Economist Sees Retail Sector Slowly Improving

WASHINGTON, May 23, 2011 /PRNewswire/ -- Net demand for retail space has been trending up since July 2010, yet the U.S. retail sector will not reach historical average vacancy before mid-2013, according to Kevin Thorpe (top right photo)  Chief Economist at Cassidy Turley, a leading commercial real estate services provider in the U.S. 

According to Cassidy Turley's May 2011 Insights: Retail Outlook, Class A centers will rebound with slight rent growth this year in most metropolitan areas, while most Class B and C centers in secondary and tertiary markets will continue to lag.  For the next two years, it will continue to be a story of haves and have-nots.

"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

  

CINCINNATI, OH (May 23, 2011) – Daymark Realty Advisors Inc., a leading provider of strategic asset, property management and structured finance solutions for owners of commercial real estate, today announced that it has secured a 10-year lease expansion and renewal totaling 29,733 square feet with the Government Services Agency at One Northlake Place (top left photo) in Cincinnati.

 Daymark Realty Advisors has executed lease transactions totaling approximately 1.2 million square feet valued at $18.9 million, year-to-date.

 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

www.DaymarkRealtyAdvisors.com