Marcus & Millichap Hires Brian Bornhorst as a Multifamily Investment Specialist

DENVER, CO – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has hired Brian Bornhorst (top right photo)  as a multifamily investment specialist, according to Michael Hoffman (middle left photo), first vice president and regional manager in Denver.

 In his new position, Bornhorst will serve as a director in the Denver office of the firm’s National Multi Housing Group.

 Most recently, Bornhorst was the vice president of transactions for AIMCO, a Denver-based multifamily REIT.

“It is with pleasure that we welcome Brian to Marcus & Millichap,” says Hoffman. “His in-depth knowledge of the multifamily investment market in Colorado and across the United States will be an asset to the firm.

"Brian has a great deal of experience in negotiating major apartment transactions on behalf of institutional investors as well as major private investors, which will enhance our national brokerage platform.”

Bornhorst brings more than 17 years of multifamily investment and real estate operations expertise to his new post at Marcus & Millichap. He has arranged approximately $7.2 billion in apartment transactions on behalf of institutional and private investors throughout his career.

Prior to joining AIMCO, Bornhorst worked for Deloitte & Touche as a manager in the firm’s real estate consulting practice, providing operations and process improvement services for clients across the US and Canada.

Bornhorst received his bachelor’s degree in real estate and marketing from the University of Cincinnati.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

NewMark Merrill Awarded 1.1 Million SF Management Assignment

WOODLAND HILLS, CA – NewMark Merrill Companies, a retail development and full-service property management firm, is proud to announce the addition of four new Property Management assignments of 1,169,500 square feet, in addition to expanding its’ list of clients.

The shopping centers include: Grand Plaza, Nordahl Marketplace, Peru Marketplace and Heritage Plaza.

The four high-profile Southern California and Illinois shopping centers are owned by affiliates of both World Premier Investments (WPI) and United American Properties (UAP).  NewMark Merrill Companies retail portfolio now exceeds 8 million square feet under management including its owned assets.

This outstanding portfolio of Shopping Centers includes: 

Grand Plaza (top left photo) located along Highway 78 at Las Posas Road in the north county area of San Marcos, CA.  The center totals more than 356,000 square feet.  Tenants include Sprouts, Nordstrom Rack, Ross, Bed Bath and Beyond, Marshalls, Sports Chalet, Petco, Lane Bryant, Party City and many more. The center is 95% leased.  Leasing for this property is handled by Cushman Wakefield of San Diego.

Nordahl Marketplace (middle right map) located along Highway 78 at the northwest corner of Highway 78 and Nordahl Road, also in San Marcos, CA. The center totals more than 315,000 square feet and is home to Wal-Mart, Kohl’s, Guitar Center, Payless Shoes, Burger King, Starbucks, Coldstone Creamery and several others.  The center was built in 2003 and remodeled in 2007.  The center is currently 96 % leased.  Leasing for this property is also handled by Cushman Wakefield.

Heritage Plaza (middle left photo) is a 119,000 square foot center, located along Arlington Avenue in Riverside California.  The center is home to many retailers, including Albertsons, 99 Cent Only Store, Starbuck’s Coffee, Subway, Rent A Center, Radio Shack and Yum Yum Donuts to name a few.  Leasing for this property is handled by Colliers International.

Peru Marketplace (lower right photo) is a 362,463 square foot center, located at Route 251 & La Salle in Peru, Illinois.  The center is home to Wal-Mart, GameStop, Kohl’s and opening soon PetSmart to name a few.

Contact: David Ebeling, Ebeling Communications, (p) 949.861.8351, (c) 949.278.7851, david@ebelingcomm.com

NAI Realvest Negotiates 3 New Leases in Metro Orlando

Azuleri Takes 1,991 SF in Maitland Center 

 MAITLAND, Fla. --- NAI Realvest negotiated a new lease agreement for 1,991 square feet of office space in suite 104 at 1015 Maitland Center Commons Blvd.

 Michael Heidrich (top right photo), a principal in the firm, brokered the transaction representing the Maitland-based landlord, 1015 Maitland Center Commons, LLC and the tenant, Azuleri, Inc., a hearing aid systems manufacturer relocating from southeast Orlando.

  

Hanging Moss CommerCenter and Airport Industrial Center Welcome New Tenants

 ORLANDO, Fla. – Michael Heidrich, principal at NAI Realvest recently negotiated two lease agreements for industrial space totaling 5,000 square feet at Hanging Moss CommerCenter (lower left photo) and Airport Industrial Center in Orlando.

 Heidrich represented the landlord Maitland-based COP-Hanging Moss, LLC in a lease to Winter Park Auto Exchange, Inc. for suite 410 with 2,000 square feet at 6112 Hanging Moss Rd. 

 At 7466 Narcoossee Rd., Citadel Capital Management, Inc. of Winter Park leased unit 200-F with 3,000 square feet . Heidrich negotiated the transaction on behalf of the landlord Airport Investment Properties, LLC of Columbus, Ohio.  Rory Williams of Acquisition Consultants represented the tenant.

 For more information, contact:

Michael Heidrich, Principal, NAI Realvest 407-875-9989 mheidrich@realvest.com

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

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

Colliers International Completes the Sale of an 82 unit Multi-Family Property in the Inland Empire

REDLANDS, CA, Jan. 27, 2011 --  Colliers International, the second largest real estate services organization globally, has completed the sale of a 89,248-square-foot multi-family property (top left photo) located at 301 E. Cypress Ave, Redlands, CA to Sequoia Equities, a Walnut Creek-based real estate investment firm.

The property sold for $625,000 above list price, at $11.625 million and $141,768 per unit.

Kitty Wallace (top right photo), executive vice president, based in Colliers International’s West Los Angeles office, represented the buyer and the seller, MJW Receivers.

 “We ran an aggressive marketing campaign for the seller and received 21 offers in just eight days, 19 of which were above asking price,” said Wallace.

“With so many offers on Cypress Villas, it is clear that there is investor demand for the Inland Empire. Positive third quarter statistics indicate that the Inland Empire may have found its way out of the recession.” 

 Built in 2004, Cypress Villas is an 82 unit garden style property situated on 4.68 acres in the Inland Empire. 

This gated community features a mix of one, two, and three bedroom apartments that were 100% occupied at the point of sale. The property also features a large leasing office, community room, fitness center, and a resort style swimming pool and spa.

The property is well-situated in one of the best areas of the city, just east of Redlands Blvd. and the 10 freeway. It is also within one mile of the University of Redlands (lower right photo), History Downtown Redlands, the Redlands Mall and Prospect Park.

Contact:

Angela S. Hwang, Regional Marketing Coordinator

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/

Marcus & Millichap Brokers Sale of $21.7 Million Long Island, NY Property

  CALVERTON, NY– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of Thurm’s Estates (top left photo), a 101-acre, 328-space manufactured home community in Calverton, N.Y.

The sales price of $21,740,000 represents $66,280 per space.

Frank “Buddy” Martin and Ian Glasser, manufactured home communities investment specialists in the firm’s Philadelphia and New Jersey offices, respectively, represented the seller, MHC Thurms LLC.

Martin and Glasser also represented the buyer, a Chicago-based manufactured housing investment firm. J.D. Parker (middle right photo), regional manager of Marcus & Millichap’s Manhattan office, also provided representation.

 “Thurm’s Estates presented investors with a rare opportunity to purchase a seniors housing community on Long Island,” says Martin. “Long Island is one of the country’s premier markets for manufactured housing.”

 Located at 705 Fresh Pond Ave. in Calverton, Thurm’s Estates provides residents aged 55 and over with easy access to Long Island wine country, the Hamptons, Long Island Sound, Flanders Bay and the Atlantic Ocean. Major retail venues, a 182-store outlet mall and several golf courses are located within 10 miles of the property.

 Built in 1958, Thurm’s Estates is composed of 155 singlewide spaces and 173 doublewide spaces. The community, which is 100 percent seniors, is serviced by city water and has its own sewage system.

 Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

Rene Circ Joins Grubb & Ellis as Vice President, National Director of Research, Industrial

SANTA ANA, CA (Jan. 27, 2011) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Rene Circ (top right photo) has joined the company as vice president, national director of research, Industrial. 

 Based in Chicago, he will responsible for leading the market research efforts for the company’s national Industrial Group as well as its industrial-focused practice groups. 

 “Rene has a strong track record of supporting asset management and investment strategies that result in higher portfolio profitability,” said Jack Van Berkel (middle left photo), president of Real Estate Services and chief operating officer, Grubb & Ellis Company.

 “Bringing him on board bolsters our professionals’ ability to provide clients with winning real estate strategies backed by solid market analysis.  His addition brings new strength and creativity to our market research platform.”

Circ’s addition enhances the company’s highly regarded national market analysis as well as its comprehensive proprietary local market research, conducted by more than 100 research professionals in Grubb & Ellis’ owned and affiliate offices. 

He reports to Bob Bach (lower right photo), senior vice president and chief economist.

Circ, 35, joins Grubb & Ellis from First Industrial Realty Trust, where he spent 11 years, the last five as research director. 

 During his tenure, Circ managed a team of five analysts and was instrumental in supporting investment strategies domestically and globally that resulted in transactions totaling in excess of $12 billion. 

Prior to joining First Industrial Realty Trust in 2000, Circ was a senior research analyst with Insignia/ESG since 1996.  He is a regular presenter at industry events and has been published in a number of trade publications and conference reports, including SITE Selection, mthink.com/ASCET, and SIOR Professional Report. 

Contact: Erin Mays, Phone: 312.698.6735

Email: erin.mays@grubb-ellis.com                

 

Stirling Sotheby’s International Realty Named Exclusive Sales, Marketing Agents for $525,000 Condominium in Southwest Orlando

 ORLANDO, FL. --- Stirling Sotheby’s International Realty was recently named exclusive sales and marketing agents for a $525,000 luxury condominium on the 10th floor at Bay View Reserve (top left photo), overlooking Spring Lake in southwest Orlando off Dr. Phillips Blvd. at Sand Lake Rd.

Roger Soderstrom, founder and owner at Stirling Sotheby’s International Realty, said the residence was recently professionally renovated with hardwood floors, custom European-style cabinets and granite countertops.

“The luxury condominium at Bay View Reserve features spacious rooms and large windows with dramatic views of Spring Lake, the downtown Orlando skyline and the fireworks at Disney World,” Soderstrom said.

The 2,650 square foot condominium offers two bedrooms, three full baths a study and a gourmet kitchen. 

Bay View Reserve condominium offers VIP owner services with 24 hour security, Soderstrom said, along with a community swimming pool, tennis courts and exercise room.

The property was listed by Carolyn Burgiel (middle right photo) and Daniel Natoli (lower left photo) of Stirling Sotheby’s International Realty’s LR Team.

To see photos of Bay View Reserve, visit http://www.stirlingsir.com/index.php?action=listingview&listingID=49287

For more information, contact

Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890 

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

HFF closes sale of Ten West Corporate Center II in Houston’s Energy Corridor

 HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of Ten West Corporate Center II (top left photo), a 250,260-square-foot, Class A office building in Houston’s Energy Corridor.

HFF senior managing directors Rusty Tamlyn (middle right photo) and Dan Miller (middle left photo) and associate director Trent Agnew led the investment sales team on behalf of the seller, Founders Properties, LLC.

ING Clarion Partners purchased the property on behalf of a commingled fund advised by the firm for an undisclosed amount free and clear of debt.

Ten West Corporate Center II is located at 17404 Katy Freeway (Interstate 10) on a 6.2-acre site within the Park Ten Office Park in west Houston. 

Completed in 2006, the property is fully leased to Mustang Engineering, a wholly owned subsidiary of the John Wood Group, LC.  Mustang and its affiliates now occupy more than one million square feet of office space in Park Ten Office Park.

Headquartered in Minneapolis, Founders Properties LLC is a privately-held company that provides a full range of acquisition, financing, asset management and investment services for high-net-worth investors.

Founded in 1982, ING Clarion Partners manages $21.5 billion in private real estate equity investments on behalf of both institutions and individuals.  Through both commingled fund and separate account formats, the Firm provides a wide range of investment options across the risk/return spectrum.

 More information is available at http://www.ingclarion.com/.

Contacts:  

Rusty Tamlyn, CCIM, SIOR, HFF Senior Managing Director, (713) 852-3500, rtamlyn@hfflp.com

Kristen Murphy, HFF Associate Director, Marketing (713) 852-3500

krmurphy@hfflp.com

Berger Commercial Realty Corp. Announces New Industrial Leases

 FORT LAUDERDALE, FL.– Keith Graves (top right photo)  and St. George Guardabassi (lower left photo) of Berger Commercial Realty Corp., a full service commercial real estate firm based in Fort Lauderdale, Fla., and serving clients around the state, announced two new lease transactions.

 Graves and Guardabassi represented landlord Schaefer Industries in the lease of 17,040 square feet of industrial space in the Schaefer Industrial building, located at 3350 S.W. 13th Ave in Fort Lauderdale, to tenant Altaquip, LLC.

Graves and Guardabassi represented landlord Ideal Industries Properties, Ltd., in the lease of 3,000 square feet of industrial space  in the Ideal Industrial building, located at 1421 S.W. 10th Ave. in Pompano Beach, Fla., to tenant Royal Roofing Co., Inc.

Contact: Marielle Sologuren, Phone: (954) 776-1999, ext. 226, Fax: (954) 776-0290

msologuren@piersongrant.com

http://piersongrant.com/

HighImpactDigital.com

Marcus & Millichap Sells 16,700 SF Single-Tenant, Net-Leased Building in Ames, IA

 AMES, IA, Jan. 26, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of FedEx Shipping Center, a 16,700 Square-Foot Single-Tenant Net-Leased property located in Ames, IA, according to J.D. Parker (top right photo), Vice President and Regional Manager of the firm’s Manhattan office.

 The FedEx Shipping Center is located at 238 Alexander Avenue and the asset commanded a sales price of $950,555.

Thomas DeWaay  (middle left photo), CCIM, investment specialist in Marcus & Millichap’s Des Moines Office and Glen Kunofsky (lower right photo), investment specialist in the Manhattan office, had the exclusive listing to market the property on behalf of the seller, a private investor.

 “The property is the type of investment that is currently in high demand- it has a strong credit tenant, is priced right around $1 million, and as a result was incredibly attractive to potential investors,” stated Kunofsky, Senior Vice President of Investments. 

Press Contact: J.D. Parker, Vice President and Regional Manager, Manhattan, (212) 430-5100

ING Clarion Partners Acquires Office Property in Falls Church, VA for $90 Million

NEW YORK, NY, Jan. 26, 2011 – ING Clarion Partners LLC, a leading real estate investment advisory firm, has acquired 3150 Fairview Park, a Class A, eight-story office building in Falls Church, Virginia for $90 million, it was announced today.

 The acquisition was made on behalf of a commingled fund managed by the firm.

The 252,000 square foot property is located in Fairview Park, Northern Virginia’s only trophy quality office park, at the intersection of I-495 and Route 50, just south of Tyson’s Corner.

(Fairview Park Drive, middle left photo)

It was completed in 2001 as a build-to-suit for Noblis Systems, a scientific and research systems engineering organization. Noblis is currently the building’s sole tenant with a lease that runs through January 2017.

The building features a conference center, childcare facility, and on-site parking in a three-level structured parking garage, among other amenities. The Park itself includes hotels and restaurants.

“The resilience of the local economy in the Northern Virginia – Washington, D.C. submarket has been demonstrated again through the most recent economic downturn,” said Marc DeLuca (top right photo), Director at ING Clarion.

“This resilience provides strong support for the area’s office market and is particularly important to outstanding properties like Fairview Park.”

Fairfax County is one of the nation’s wealthiest and fastest growing counties, fueled in part by the presence of multiple technology industries that provide diversification to a local economy in which the federal government plays a significant role.

These companies are in turn supported by access to the region’s large, highly skilled workforce and by the presence of research and other technology support firms, including venture capital.

Tenants within Fairview Park have excellent access to local transportation links, including Route 29, I-66, and the Dulles Toll Road in addition to I-495.

The property is within two miles of the Dunn-Loring Metro Station, 12 miles of Reagan National Airport (lower left photo), and 19 miles of Dulles International Airport (lower right photo).

Founded in 1982, ING Clarion Partners and its affiliates manage $39 billion in assets in the private and public equity sectors of the real estate markets.

 ING Clarion is the Americas arm of ING Real Estate Investment Management, one of the world's leading real estate investment managers with global assets under management of more than $89 billion and operations in 20 countries.

 ING Real Estate Investment Management is part of ING Group, a global financial institution offering banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 40 countries.

More information about the firm is available at http://www.ingclarion.com/.

Press Contacts:

Mike MacMillan/Chris Sullivan, MacMillan Communications (212) 473-4442, mike@macmillancom.com

Meghana Kulkarni, MacMillan Communications, (212) 473 – 4442

meghana@macmillancom.com

NAI Realvest Negotiates New Lease for 9,675 SFt, increasing occupancy to 100 Percent at Winter Park Commerce Center

 ORLANDO, FL – NAI Realvest recently completed a lease agreement for 9,675 square feet of office/industrial space at Winter Park Commerce Center near downtown Winter Park, FL. 

Michael Heidrich (top right photo), principal at NAI Realvest negotiated the transaction representing the landlord, Winter Park-based WFI. 

 Jack Lynch (lower left photo), senior associate at NAI Realvest represented the new tenant Hype Marketing d/b/a Fulfillment Experts, Inc., who leased units 913, 915 and 937 N. Pennsylvania Ave., and increased the occupancy to 100 percent at Winter Park Commerce Center.

For more information, contact:  

Jack Lynch, NAI Realvest 407-875-9989 or jlynch@realvest.com

Michael Heidrich, NAI Realvest 407-875-9989 or mheidrich@realvest.com

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

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

   

The Emmes Group of Companies Completes 11,310-SF Lease at High-Rise Office Tower in Irvine, CA

 IRVINE, CA, JAN. 25, 2011 – The EMMES Group of Companies, a privately-owned real estate investment company, has completed a 10-year lease with Systems Source for 11,310 square feet of space at The Michelson (top left photo), a landmark 533,000-square-foot high rise office tower located at 3161 Michelson in Irvine, Calif. 

The new space will be used as the company’s corporate headquarters.

Steve Card of Travers Realty represented Systems Source. The EMMES Group of Companies represented itself in the transaction.

“This lease an example of the increasing demand we are seeing for high quality office space in Orange County,” said EMMES Managing Director Robert Shibuya (middle right photo).  “We continue to see interest from prospective tenants seeking to secure long term facilities requirements in premier office tower buildings like The Michelson.”

Located in the heart of Orange County at the southeast corner of Jamboree Road and the 405 Freeway, The Michelson is a 19-story tower offering panoramic views of the Pacific Ocean, San Gabriel Mountains and Orange County skyline, and is currently more than 80 percent leased to several high profile tenants including Hyundai Capital America, Bryan Cave, Gibson Dunn, Greenberg Traurig and Jones Day. 

Since 1992, The EMMES Group of Companies on behalf of its affiliated entities, capital partners and investors, has acquired and managed more than 35 million square feet of retail, office, industrial and multifamily property types. The company's current portfolio includes encompasses nearly 10 million square feet located in 19 states.

Learn more at http://www.emmesco.com/

Contact:  David Ebeling, Ebeling Communications, (949) 278-7851 david@ebelingcomm.com

New Faces at Grubb & Ellis

Lynda Gallagher Joins Grubb & Ellis Landauer Valuation Advisory Services as Senior Managing Director, Midwest

 CHICAGO, IL – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced that Lynda Gallagher (top right photo) has joined Grubb & Ellis Landauer Valuation Advisory Services as senior managing director, Midwest.

 In this role, Gallagher is responsible for the firm’s business development and expansion throughout the Midwest, including Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin.  In addition, she will direct recruiting and oversee the local managing directors within the region.

“Lynda is known in our industry as someone who is strategic and proactive in serving her clients, and she shares our commitment to delivering insight that helps clients make better decisions about their real estate throughout the ownership cycle,” said Doug Haney, president, Grubb & Ellis Landauer Valuation Advisory Services.  “I couldn’t be more pleased that Lynda has joined us to build our presence in the Midwest.”

 With more than 20 years in the appraisal and valuation business, Gallagher joined Grubb & Ellis from CB Richard Ellis where she was vice president,

The company is looking for experienced appraisal professionals throughout the country.  To learn about career opportunities and apply for a position, visit www.grubb-ellis.com/joinlandauer

Contact: Erin Mays, Phone: 312.698.6735.

Email:  erin.mays@grubb-ellis.com

               

 Robert Cook  Hired as Senior Vice President, Corporate Services in San Jose Office

 SAN JOSE, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm announced that Robert Cook (middle left photo) has joined the company as senior vice president, Corporate Services, based in the company’s San Jose office. 

 A 30-year industry veteran, Cook brings extensive corporate real estate finance experience to Grubb & Ellis. 

 He will lead the suite of services designed to help corporate real estate departments respond to the Financial Accounting Standards Board’s pending lease accounting changes, which are expected to have far-ranging implications for companies and how they manage their real estate portfolios.

 In addition, Cook will expand the company’s Corporate Services relationships throughout the San Francisco Bay Area.

 “As a veteran corporate real estate professional, Bob brings a wealth of corporate real estate and workplace strategies experience.  His addition reinforces Grubb & Ellis’ commitment to knowledge leadership in the corporate sector,” said David Susoreny, executive vice president, Corporate Services. 

 “Bob’s unique background and recognized expertise in FASB transformation provides him a unique ability to impact our client segment quickly with value additive programs.”

 “Bob’s extensive experience and deep skill set brings even more corporate knowledge to our clients in the Silicon Valley and Northern California,” said Dick Scott, managing director of Grubb & Ellis’ San Jose office.  “We could not be more pleased to have him on board.”

 Contact: Julia McCartney, Phone: 714.975.2230,

Email: julia.mccartney@grubb-ellis.com

          

Marcus & Millichap Sells 7,056-SF, Single-Tenant, Net-Leased Building in Tampa, FL for $1.6 Million

    

TAMPA, FL, Jan. 25, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Davita Dialysis (top left photo), a 7,056-square foot single-tenant net-leased property located in Tampa, Fla, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

 The asset commanded a sales price of $1,615,000.

The buyer, a limited liability company, was secured and represented by Benjamin Berry (middle right photo)  and Michael J. Jaworski, (lower right photo)  investment specialists in Marcus & Millichap’s Tampa office. 

Davita Dialysis is located at 11306 North 53rd Street.  

“Davita Dialysis is one of the more sought-after medical tenants in the net-lease world,” says Jaworski.  The tenant recently renovated at this location and they should be there for a long time,” adds Jaworski.

 Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

Cambridge Provides $2.16 Million HUD Lean Loan to Refinance Hillsboro Rehabilitation and Health care Center in Illinois

 CHICAGO, IL--Cambridge Realty Capital Companies reports closing on a $2.16 million FHA-insured HUD LEAN loan that refinanced the Hillsboro Rehabilitation and Health Care Center (top left photo), a 107-bed skilled nursing facility in Hillsboro, Ill.

Cambridge Chairman Jeffrey A. Davis said the fully amortized, 26-year term loan was underwritten by Cambridge Realty Capital Ltd. of Illinois for the owner, a Missouri limited liability company. The interest rate was not disclosed.

Contact: Evan Washington, Phone: (312) 521-7604, Fax: (312) 357-1611

E-Mail:  ew@cambridgecap.com

Atlanta|Pacific Companies Hires Pilar Puente and Promotes Lorena Petry and Laura Nadel

  

 MIAMI, FL – Atlantic | Pacific Companies (A | P), a fourth generation real estate company, is pleased to announce the addition of Pilar Puente to the team and two new promoted positions for Lorena Petry and Laura Nadel.

 Pilar Puente is now the Property Manager at Atlantic | Pacific Management’s (APM) Valencia at Doral Park property. Before joining APM, Pilar was the Property Manager at locations including Present Parc Central Condominiums and Mirador 1200 Condominiums.

 Lorena Petry started as an Assistant Manager at APM’s Wind Condominium and has now been promoted as Manager for Valencia at Doral Park. Laura Nadel was most recently at the Caribbean before being promoted to the Manager position at Bentley Bay.

Randy Weisburd (top right photo), A | P’s Chief Operating Officer, says “In today’s uncertain economic climate, APM continues to foster best practices by providing a clear path towards career enhancement.

“Lorena and Laura’s promotions are a testament to APM’s focused training and unparalleled corporate support in helping our associates reach their career goals.”

For more information, please contact:

Randy Weisburd at rweisburd@apmanagement.net

Jessica Wade Pfeffer / Jessica Wade Inc., 305.804.8424, Jessica@jessicawadeinc.com

 and visit http://www.apmanagement.net/