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CFCAR Newsline

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  • Tuesday, December 29, 2020 3:53 PM | Deb Colangelo (Administrator)

    The CFCAR Nominating Committee's Recommended Leadership Slate was voted in by the membership on Wednesday at the Virtual Annual Meeting.

    Your 2021 CFCAR Officers are:

    Immediate Past President – Paul Partyka, CCIM

    President – Bob Rand, CCIM

    President-Elect – Lou Nimkoff, CCIM

    Treasurer (VP of Finance) – Robin Webb, CCIM

    Director - Carol Tanner, CCIM

    Director – Dan Lyonnais, CCIM

    Director – John Wanamaker, CCIM

    Director – Amy Noble

    Director- Ellen Yarkin

    The installation of officers will be held on January 6th at Cafe Murano in Altamonte Springs. Please register at http://www.cfcar.net/event-4097370.

    Please be sure to extend a warm welcome and thank them for their continued support to CFCAR!

  • Tuesday, December 22, 2020 10:47 PM | Deb Colangelo (Administrator)

    Cushman & Wakefield has been retained to oversee leasing efforts at Sea Harbor Office Center, a 360,000-square-foot Class A office building located in Orlando.

    Cushman & Wakefield’s Todd DavisRobert Kellogg and Colin Morrison will lease the building on behalf of the landlord, Northridge Capital.

    “We are very excited to have the opportunity to work alongside Northridge Capital on this trophy Class A office building. Sea Harbor Office Center offers the best on-site amenities in the market and a prime location in Orlando’s Tourist Corridor with near-immediate access to Interstate 4 and the Beachline Expressway/SR 528. This building provides potential occupiers the opportunity to lease more than 88,000 square feet across two of the largest and most efficient floor plates in Orlando,” Davis said.

    Located at 6277 Sea Harbor Drive, the eight-story building has two floors available totaling more than 88,000 square feet. Amenities include an on-site dining hall featuring Starbucks coffee service, 24/7 on-site security and a state-of-the-art fitness center offering classes and locker rooms. A five-level parking structure and surface parking offers a parking ratio of 4.53/1,000 square feet.

    In close proximity to Interstate 4 and the Beachline Expressway/SR 528, the property allows for convenient access to the greater Orlando area. The property is situated off of International Drive near SeaWorld Orlando, just 15 minutes from the Orlando International Airport and three minutes from the Orange County Convention Center, and is surrounded by abundant hotel, retail and restaurant offerings.

  • Tuesday, December 15, 2020 7:38 PM | Deb Colangelo (Administrator)

    JLL has arranged the $71.5 million sale of a 289,839-square-foot industrial facility in Apopka.

    The property is situated within the 180-acre Mid-Florida Logistics Park, 20 miles northwest of downtown Orlando.

    The seller, BlueScope Properties Group, delivered the asset in July on a build-to-suit basis for an undisclosed beverage company. The asset features 36-foot clear heights, ESFR sprinklers, LED lighting, cold storage capacity with space for 6,200 pallets, five cold dock doors and 10 dry dock doors.

    John HuguenardSean DevaneyJulia SilvaLuis CastilloBrian Walsh and Keith Largay of JLL represented the seller in the transaction. Realty Income Corp. acquired the property.


    Source:  RE Business

  • Wednesday, December 09, 2020 11:30 AM | Anonymous

    Commercial RE and Development  leaders celebrated the 2020 holiday season and toasted the exciting growth of the Volusia County region during a recent business development mixer held by the Central Florida Commercial Association of Realtors.

    Held just a stone’s throw from the World famous Daytona Speedway, CRE leaders gathered at the Rock Bottom Brewery’s mezzanine level where health safety measures were respected.

    After checking each attendees’ temperature, CFCAR 2020 President Paul Partyka, CCIM, welcomed the guests.  Partyka shared his commitment to supporting all members of the 10-county overall board, recognizing the year’s challenges due to COVID-19.   Partyka also thanked event sponsors and gave away a series of door prizes.

    CFCAR President-Elect Bob Rand, CCIM, whose company, Coldwell Banker Commercial Benchmark, is based in the Daytona Beach area, also thanked guests for attending and introduced Volusia County’s Economic Development Leader Chris Wimsatt

    Wimsatt, VP of Business Development for Team Volusia, Greater Daytona Economic Development Corporation, shared details of expansive growth coming to the Volusia County and Daytona region.  Wimsatt touched on the nearly completed Downtown Daytona's $4 million Beach Street revamp that is now down to finishing touches, as well as Daytona Beach's Riverfront Park that is immersed in dramatic $23 million overhaul.  Rand and Wimsatt both were upbeat about a number of soon to be announced projects.

    Rand also reminded guests that 2021 leadership positions are open for The Central Florida Commercial Association of REALTORS,® a 10-county Overlay Board sanctioned 15 years ago by the National Association of Realtors.   CFCAR is the premier association for REALTORS® and professionals in all segments of the commercial real estate industry in the Greater Central Florida area who ascribe to the highest standards of ethical conduct.

    Through the growth and development of its members, the Central Florida Commercial Association of REALTORS® is committed to advancement the professional practice of commercial real estate and the prosperity of the community. Details for 2021 REALTOR®  membership can be found at www.CFCAR.net and include:

    • FREE legal services
    • FREE Technology Helpline
    • FREE Form Simplicity - legal commercial real estate forms
    • FREE access to RPR data system
    • A selection of commercial education classes throughout the year
    • CREXI 35% discount on services
    • REALTOR Benefits® Program 
    • Networking and Business Development Platforms and Events
    • Discounts on Annual Hallmark Award participation

  • Tuesday, December 08, 2020 2:06 PM | Deb Colangelo (Administrator)

    An Orlando medical real estate developer is looking to sell a trio of buildings near downtown.

    Developer Tim Majors' Headquarters Investments LLC wants to sell three properties — 2000, 2008 and 2010 N. Orange Ave. — for $13 million, according to LoopNet. NAI Realvest Partner Paul Partyka is marketing the properties, which have a combined market value of $4.1 million, according to Orange County records.

    The properties include Majors' headquarters, which was named an OBJ "coolest office space" in 2019, the vintage car-themed M Bar and the rooftop M Lounge that offers skyline views of downtown.

    Majors bought the properties for roughly $3.6 million between July 2015-May 2018, according to Orange County records. The properties feature a 21,150-square-foot office building built in 1996, a 5,000-square-foot retail structure built in 1954 and a 5,057-square foot retail building built in 1928.

    The properties — on 0.82 acres — can be sold separately or together and "can be combined with other adjacent properties to make a major presence especially if in the medical field or any complementary use," according to marketing materials.


    Source:  OBJ

  • Wednesday, December 02, 2020 4:40 PM | Anonymous

    On behalf of President Paul Partyka, CCIM and Nominating Committee Chair Carol Tanner, CCIM

    CFCAR is ready to move forward stronger than ever, providing you and your associates with opportunities and resources to enhance your business. Our goal has always been to have an organization that supports the needs of the commercial real estate industry.

    Now is the time to come together to make our organization bigger and better. Together we can do this. Please consider joining President Elect Bob Rand, CCIM in addition to other industry leaders such as Lou Nimkoff, CCIM and Robin Webb, CCIM who have offered to serve on the 2021 Board of Directors for what might be our best year ever!

    The CFCAR Nominating Committee is now accepting nominations for 2021 elected leadership positions, including:

    • President-Elect
    • Treasurer
    • Secretary
    • Directors at Large

    Potential candidates must submit a consent-to-serve form. Please complete the attached form and return to admin@cfcar.net by noon on Monday December 7, 2020.

    The leadership election will be held electronically via the CFCAR website on December 28-29, 2020.

    If you have any questions, please email Mary Mula at admin@cfcar.net.

    Consent-to-serve Form

  • Wednesday, December 02, 2020 11:43 AM | Deb Colangelo (Administrator)

    Neal Development Group and Ellen Yarckin report a busy 4th Quarter in 2020 with a series of varied and interesting new construction projects in the Central Florida area. 

    “These are all new buildings that are under construction currently.  We are doing the bank draw inspections,” explains Yarckin. 

    She shares the following details:

    • Old Town in South Orange County.  This project contains room for 12 different businesses and 5 outparcels.  Construction should be finished at the end of 2021. This is a $10 million dollar project.
    • $100 million Venetian Isle project on Dixie Avenue. It will include a Marriott hotel, assisted living complex, medical offices, apartments, and retail space. The project is next door to the Lake Port Square retirement community which we are also inspecting.
    • Beacon College Residence Hall and Dining Facility.  This is a 30,000-square-foot new residence hall and a 6,000-square-footdining facility in Leesburg Fl. that should be finished in 2021.  It is an approximately $10 million dollar project.
    • Live Oak Community Church in Oxford, Florida. This is a $9 million dollar project that should be finished in by June of 2021.
    • Simple Life in Oxford.  We are inspecting this 223 unit tiny-home community with all its amenities that include a pool, clubhouse and fitness center.  This project sits on 69 acres.

    Neal Development Group delivers construction Loan Monitoring (CLM) Services that assess construction projects from pre-construction through job completion. We monitor construction loans on behalf of lenders. The lender hires Neal Development Group as a third party inspector to verify the contractor’s request for payment. It is important to confirm that the contractor is not getting ahead in payment for the work completed for the project. Additionally, Neal Development Group  monitors the quality of work in place, manpower levels, conformance to the original schedule and reviews change orders

    Neal Development Group has provided a monthly monitoring service for lenders of approximately 30-40 projects per month for over 15 years. We have experience with historical renovations as well as new development. To support our clients, we review all work schedules, all documentation, budgets and provide progress reports during all phases of construction. Our staff makes a recommendation to make disbursements while monitoring progress in the field and bank draw requests Neal Development Group’s construction loan monitoring Services are available for all banks and construction projects.

    The firm also offers Property Condition Assessment, Owner's Representative Services, Construction Estimating, Cost to Competition Analysis, and more.

    “We are InterNACHI certified in various areas to ensure that you get the best service possible,” she added. 

    Licenses Include:

    • State of Florida General Contractors License – CGC 056787
    • State of Florida Underground Excavation and Utility Contractors License – CUC 043116
    • State of Florida Underground Excavation & Utility Contractors License – CUC 1224995
    • State of Florida Home Inspectors License – HI 9434
    • State of Florida Home Inspectors License – HI 9587
    • State of Florida WDO Termite Inspector – JF 245195
    • State of Florida WDO Termite Inspector – JF 245196

  • Tuesday, November 24, 2020 7:48 PM | Deb Colangelo (Administrator)

    Thank you - each and every one of you - for everything you do to make this a successful, terrific organization!

    Have a wonderful, long weekend filled with good things!

    Happy Thanksgiving!

  • Tuesday, November 17, 2020 8:59 PM | Deb Colangelo (Administrator)

    Crossman & Company continues to strengthen their leasing services by announcing that Daniel Butts has joined the firm as Director of Leasing.

    Butts comes to Crossman & Company from Foundry Commercial where he was senior vice president of brokerage services. There he specialized in agency leasing as well as land acquisition, disposition and consulting services for property owners, investors, developers, and users.

    “Daniel is an outstanding addition to the Crossman & Company team. He brings a fresh perspective and will help drive new business development while focusing on delivering our clients exceptional results. Crossman & Company continues to attract outstanding talent to provide the results our clients have come to expect. We are thrilled to have Daniel join the team,” stated John Zielinski, President.

    Serving Florida, Georgia, Alabama, Tennessee, South Carolina, and North Carolina, with offices in Orlando, Tampa, Miami, Boca Raton, Florida, Charlotte, N.C. and Atlanta Ga., Crossman & Company has experience in retail and office leasing, property management and investment sales of shopping centers, single-tenant, triple-net assets, as well as mixed-use and lifestyle properties.

    Prior to Foundry Commercial, Butts spent more than a decade in leadership managing a diverse portfolio of real estate properties, personally overseeing over $50M in leasing and sales transactions. He also has extensive experience building strategic alliances throughout the broker‐dealer community via capital markets, successfully raising record capital and executing on investments across multiple market segments.

    “I am excited to join Crossman & Company and contribute to the continued success of this world-class organization. Crossman has established itself as the leader in retail agency leasing and management, and I look forward to working with so many outstanding professionals in delivering the best results for our clients, investors and associates,” noted Butts.

    Crossman & Company represents nearly 400 shopping centers in the Southeast with over 28 million square feet under leasing and/or management.

  • Tuesday, November 10, 2020 7:25 PM | Deb Colangelo (Administrator)

    Stiles Retail Group (SRG), a division of full service commercial real estate firm Stiles, has been named exclusive listing agent for Seminole Towne Center, a 1.1 million square foot mall located in Sanford.

    Senior Vice President Dan Coyle and Senior Associate Stephanie D’Amico will oversee leasing of 261,075 SF of inline space.

    Seminole Towne Center is anchored by Dillard’s, JC Penney, Dick’s Sporting Goods, and Burlington Coat Factory. Ideally located at the junction of Interstate 4 and State Road 417, Seminole Towne Center boasts an average daily traffic count of 92,000 vehicles along I-4. Additionally, ownership is discussing creative redevelopment opportunities surrounding the mall including multifamily.

    “Despite the market chatter about the decline of regional malls, the truth is many malls are being redeveloped, refurbished or reinvented,” Coyle said. “Seminole Towne Center plays a vital role in our local community and is evolving to better fit the needs of its customers. Our goal is to introduce unique shopping concepts, great food, daily needs, ample entertainment options, and one-of-a-kind experiences for the area.”

    “Many in the community have fond memories of the mall, and we want to help create even more of those moments,” D’Amico added. “From introducing local eateries or retailers to hosting unique events onsite, we are excited to help shape the future of Seminole Towne Center.”

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