Press Release

Cushman & Wakefield Negotiates Sale and Financing of Murano Apartments in Orlando

Robert Given, Jay Ballard and Ken Delvillar Negotiated the Sale and Robert Kaplan, Chris Lentz and Mark Rutherford Arranged the Financing of the 240‐Unit Luxury Apartment Community ORLANDO, FL, February 27, 2018 — Cushman & Wakefield has arranged the sale and financing of Murano Apartments, a 240-unit luxury multifamily apartment community in the South Orlando/Hunters Creek submarket. The Cushman & Wakefield Multifamily Advisory team of Robert Given, Jay Ballard and Ken Delvillar represented the partnership of The Courtelis Company, Kislak Organization and HMG/Courtland Properties in the disposition. Aventura, FL-based Cardone Real Estate Acquisitions, LLC acquired the asset. Cushman’s Equity, Debt and Structured Finance team of Robert Kaplan, Chris Lentz and Mark Rutherford arranged the senior debt on behalf of the buyer. Murano Apartments is a three-building, four-story suburban mid-rise multifamily community built in 2016 on a ±9.5-acre site at 9932 Grande Lakes Boulevard. Located in southern Orlando, between Disney and the Orlando International Airport, the property is walking distance from local schools and Darden’s 650,000-square-foot corporate headquarters. Murano Apartments is also [...]

By | 2018-05-03T14:30:11+00:00 February 28th, 2018|In the News, Press Release|

Cushman & Wakefield’s 2018 Florida Population Report Predicts Top Growth Markets

Highest Growth Rates Expected in Fort Myers and Orlando ORLANDO, February 22, 2018 – Cushman & Wakefield has released its 2018 Florida Population Reports, which detail projected population growth statewide and in nine major markets throughout Florida. The overall report predicts that Florida’s population will increase by just over 450,000 people in 2018, as compared to 430,000 in 2017. In the next five years, the state’s population is expected to increase from 21 million to 23.3 million. Of the markets examined, the Fort Myers MSA will see the greatest change in year-over-year population growth, while Miami is expected to see the smallest change. Tampa ranks as the largest MSA in the state, and Orlando boasts the lowest unemployment rate. “Florida’s population grew significantly in 2017, aided by continued net migration from northern and high-tax states,” said Chris Owen, Cushman & Wakefield’s Florida Research Manager. “In addition, thousands of Puerto Rico residents also [...]

By | 2018-05-03T14:30:11+00:00 February 22nd, 2018|In the News, Press Release|

Cushman & Wakefield Negotiates Sale of ±390-Acre Residential Site in Daytona Beach

Andy Slowik and Margery Johnson Represented the Seller in the $3.3 Million Disposition DAYTONA BEACH, FL, January 24, 2018 — Cushman & Wakefield has negotiated the sale of a ±390-acre residential site fronting Interstate 95 in Volusia County. Senior Associate Andy Slowik Senior Director Margery Johnson The Cushman & Wakefield Land Brokerage team of Senior Associate Andy Slowik and Senior Director Margery Johnson represented the seller in the disposition. New Smyrna Beach, FL-based investor Masroc Land, L.P. acquired the land for $3.3 million ($8,462 per acre). SVN’s Chris Butera represented Masroc Land, L.P. in the transaction. The infill residential site, located on the east side of Interstate 95 just south of the Interstate 4/Belleville Road Interchange, features ±6,000 feet of frontage on Interstate 95 and ±5,400 feet of frontage on Willamson Boulevard. The land has the potential to yield up to 1,000 single-family homes. “We believe the buyer will be successful with this property given the recent development [...]

By | 2018-05-03T14:30:11+00:00 January 25th, 2018|In the News, Press Release|

Cushman & Wakefield Negotiates $22.8M Sale of Transal Park

Mike Davis, Miguel Alcivar, Dominic Montazemi, Scott O’Donnell, Michael Lerner and Rick Brugge Represented the Seller in the Disposition of the Six-Building Flex Campus DORAL, FL, January 22, 2018 — Cushman & Wakefield has negotiated the sale of Transal Park, a six-building flex campus in Miami-Dade County. The Cushman & Wakefield Capital Markets team of Mike Davis, Miguel Alcivar, Dominic Montazemi, Scott O’Donnell, Michael Lerner and Rick Brugge, in conjunction with Cushman & Wakefield leasing partners Wayne Ramoski and Gian Rodriguez, negotiated the disposition on behalf of the seller. SVF Acquisitions, LLC purchased the asset for $22.8 million ($170 per square foot). Transal Park comprises six one-story buildings totaling 134,175 square feet on a 10.4-acre site at 8200 - 8290 NW 27th Street. The buildings offer flexible bays with a combination of direct-access front office and rear warehouse with grade-level entries to truck courts. Other features include tenant signage, on-site security, [...]

By | 2018-05-03T14:30:11+00:00 January 22nd, 2018|In the News, Press Release|

Cushman & Wakefield Negotiates $4.9M Sale of 10-Acre Orlando Multifamily Site

Jay Ballard and Ken Delvillar Represented Intram Investments, Inc. in the Sale of the Disney-Area Land to Panther Residential Management LLC and Integra Land Company ORLANDO, FL, January 4, 2018 — Cushman & Wakefield announced today that it has negotiated the sale of a 10-acre site permitted for nearly 300 multifamily units near the intersection of State Road 535 and Osceola Parkway on the Orange-Osceola County line. Senior Director Jay Ballard and Senior Director Ken Delvillar, of Cushman & Wakefield’s Florida Multifamily Team, represented Orlando, FL-based Intram Investments, Inc. in the land disposition. Massachusetts-based Panther Residential Management (PRM) and Orlando, FL-based Integra Land Company (ILC) acquired the site for $4.85 million ($161,667 per acre). The ±10-acre parcel, part of Intram’s Sunrise City project, is zoned Tourist Commercial in unincorporated Osceola County. The joint venture between PRM and ILC broke ground on an initial phase of 300 units on October 23, 2017. The community will be named Sunrise Parc. Integra Land Company and Panther Residential Management [...]

By | 2018-05-03T14:30:12+00:00 January 5th, 2018|In the News, Press Release|

Cushman & Wakefield Negotiates $6.1M Sale of Southside Industrial Building

 Mike Davis, Rick Brugge, Michael Lerner and Tyler Newman Represented Exeter Property Group in the Sale of 11902 Central Parkway to Colony Northstar JACKSONVILLE, FL, December 21, 2017 - Cushman & Wakefield announced today that it has negotiated the sale of 11902 Central Parkway, an ±85,000-square-foot, single-tenant industrial building in Jacksonville’s Southside industrial market. The Cushman & Wakefield Capital Markets team of Mike Davis, Rick Brugge, Michael Lerner and Tyler Newman represented Conshohocken, PA-based Exeter Property Group in the disposition. Los Angeles-based investor Colony Northstar acquired the building for $6.1 million ($71.55 per square foot). Executive Managing Director Mike Davis Executive Director Rick Brugge Executive Director Michael Lerner Director Tyler Newman               11902 Central Parkway is a manufacturing and distribution facility developed in 1997. The dock-high building features 24-foot clear heights, an ESFR (Early Suppression, Fast Response) fire safety system; T–5 lighting, 10 loading doors, and heavy electric service. [...]

By | 2018-05-03T14:30:12+00:00 December 22nd, 2017|In the News, Press Release|

Cushman & Wakefield Negotiates Sale of Pembroke Pointe 880

A Capital Markets Team of Scott O’Donnell, Mike Davis, Michael Lerner, Dominic Montazemi, Miguel Alcivar, Greg Miller and Rick Brugge Represented Duke Realty in the Disposition of the ±144,000-Square-Foot Broward County Office Building. Jason Hochman Assisted with Financing. PEMBROKE PINES, FL — Cushman & Wakefield announced today that it has negotiated the sale of Pembroke Pointe 880, a 143,535-square-foot Class A office building Broward County. The Cushman & Wakefield Capital Markets team of Scott O’Donnell, Mike Davis, Michael Lerner, Dominic Montazemi, Miguel Alcivar, Greg Miller and Rick Brugge represented Duke Realty in the disposition. Pembroke Pointe Office LLC, an affiliate of Miami-based Midtown Capital Partners, LLC, acquired the asset. Jason Hochman of Cushman & Wakefield’s international Equity, Debt and Structured Finance (EDSF) platform assisted in securing a $22.7 million, long-term acquisition loan on behalf of the buyer. Pembroke Pointe 880 was developed in 2015. The building features 36,111-square-foot floor plates [...]

By | 2018-05-03T14:30:12+00:00 December 19th, 2017|In the News, Press Release|

Puerto Rican Diaspora: Migration Flows to Florida and Economic Effects

New Cushman & Wakefield Research Report Explores the Grave Situation on the Ground in Puerto Rico, the Anticipated Puerto Rican Migration to Florida and the State’s Role in the U.S. Territory’s Recovery MIAMI, October 23, 2017 — Cushman & Wakefield today announced the publication of Puerto Rican Diaspora: Migration Flows to Florida and Economic Effects, a report examining the potential impact of a mass Puerto Rican migration to the U.S. mainland in the wake of Hurricane Maria. Florida Research Manager Chris Owen The report, authored by Chris Owen, Cushman & Wakefield Florida Research Manager, details how the widespread destruction caused by Hurricane Maria exacerbated an already dire situation on the ground in Puerto Rico and examines the role Florida will play in the U.S. territory’s recovery and the lives of hundreds of thousands of Puerto Ricans going forward. Highlights of the report can be found below: Florida officials are estimating up to 250,000 [...]

By | 2018-05-03T14:30:12+00:00 October 24th, 2017|In the News, Press Release|

Cushman & Wakefield Negotiates $36.4M Sale of Reflections Apartments

Jay Ballard and Ken Delvillar Represented GoldOller Real Estate Investments in the Disposition of the 336-Unit Suburban Orlando Multifamily Community​ ORLANDO, October 5, 2017 — Cushman & Wakefield announced today that it has negotiated the sale of Reflections Apartments, a 336-unit suburban multifamily apartment community in Casselberry, FL. Cushman & Wakefield Senior Director Ken Delvillar Cushman & Wakefield Senior Director Jay Ballard Senior Directors Jay Ballard and Ken Delvillar represented GoldOller Real Estate Investments in the disposition. The RADCO Companies acquired the asset for $36.4 million ($108,333 per unit). Reflections Apartments is a 336-unit, three-story suburban garden multifamily community built in 1984 on a ±14.60-acre site at 100 Reflections Circle in Casselberry. This location, just north of downtown Orlando, provides convenient access to Interstate 4 and U.S. 17/92 as well as Full Sail University, Rollins College and Winter Park Memorial Hospital. Reflections Apartments offers a mix of one- and two-bedroom units. The average unit is 792 square feet. The [...]

By | 2018-05-03T14:30:12+00:00 October 5th, 2017|In the News, Press Release|

Cushman & Wakefield Negotiates $30.3M Sale of Ocean Oaks Apartments

Jay Ballard and Ken Delvillar Represented GoldOller Real Estate Investments in the Disposition of the 296-Unit Volusia County Multifamily Community PORT ORANGE, FL, September 29, 2017 — Cushman & Wakefield announced today that it has negotiated the sale of Ocean Oaks Apartments, a 296-unit multifamily apartment community in Volusia County, FL. Cushman & Wakefield Senior Director Ken Delvillar Cushman & Wakefield Senior Director Jay Ballard Senior Directors Jay Ballard and Ken Delvillar represented GoldOller Real Estate Investments in the disposition. A joint venture of ApexOne Investment Partners and The Collier Companies acquired the asset for $30.25 million ($102,196 per unit). Ocean Oaks Apartments is a 296-unit garden multifamily community comprising 37 buildings. The property was developed in 1988 on a ±21.1-acre site at 1645 Dunlawton Avenue. This location, just south of Daytona Beach, FL, offers convenient access to both Interstate 95 and Interstate 4, which connect residents to the top colleges and universities, world famous beaches and entertainment venues along Florida’s [...]

By | 2018-05-03T14:30:12+00:00 October 2nd, 2017|In the News, Press Release|