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CFCAR Newsline

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  • Saturday, April 30, 2022 10:29 PM | Lou Nimkoff (Administrator)

    On April 28th, CFCAR and FGCAR (Florida Gulfcoast Commercial Association of Realtors) members were given a private demo of Rockval- a platform to research properties, create proformas and share deals.  A link to the recording is available by going to Member Benefits- Education- Recorded Presentations at cfcar.net, or you can click HERE to go directly.

  • Wednesday, April 27, 2022 5:45 PM | Lou Nimkoff (Administrator)

    On April 25th and 26th, Facilitator Carol Kaptur led a group including members, past presidents and sponsors, to plan the future of our organizations and how to best serve the CRE community in an ever-changing landscape of technology, networking and education.

    2022 President Lou Nimkoff stated that, "this was one of the best strategic planning sessions I have ever been a part of."

    Participants included  Robin Kesler, Bob Rand, Mary Mula, Ellen Yarckin, Mez Birdie, Carol Tanner, and 2023 President John Wanamaker.

    Carol Kaptur (pictured above) from the National Association of REALTORS, facilitated the day and a half session, which was held at the Florida  REALTORS building in Orlando.

  • Friday, April 08, 2022 9:38 AM | Lou Nimkoff (Administrator)

    Earlier this week, members of CFCAR and CFCREA invited the entire CRE community to "meetup" at the AC Skybar at the new Marriott AC Hotel next to Church Street Station in downtown Orlando.

    While not technically a CFCAR hosted event, CFCAR and CFREA invited those in the CRE community to join in for free, gather and share a drink (or two) and help make deals.

    Some future socials are going to be private members-only events and some will be a "Meetup", where we invite the whole CRE community to join us.  To join that group, please click HERE.


  • Wednesday, March 30, 2022 5:52 PM | Lou Nimkoff (Administrator)

    CREXi Regional Director Michael Rosenfeld hosted a CFCAR and CFCREA webinar yesterday to highlight some of the exciting new features available to members. 

    The webinar was recorded and available for viewing at anytime by clicking HERE.

    Due to a desire to post this as soon as possible, the video is unedited and the actual program starts about five minutes in.  

  • Wednesday, February 02, 2022 1:56 PM | Lou Nimkoff (Administrator)

    CFCAR and CFREA hosted a fantastic webinar yesterday on Coaching.  Coach Blaine Strickland, CCIM and Beau Beery, CCIM discussed how coaching works and answered questions.  What does it mean to have a coach?  Do I need a coach forever?

    The recording of the webinar is available by clicking HERE.

  • Tuesday, January 18, 2022 2:15 PM | Lou Nimkoff (Administrator)

    CFCAR was excited to kick off the new year with a social last week at Ace Cafe in Downtown Orlando.  About fifty members and guests joined together to reflect on the holidays and plan for a great 2022!

    2022 President Lou Nimkoff (left) spoke on behalf of all the members in giving thanks to 2021 President Bob Rand (right) for his many hours of service last year, and was presented with the honorary Past President Plaque and Gavel! After the presentation, the two presidents discussed how much money they save on not having to go to a barber.

    The evening was highlighted with the announcement of a new subsidiary called the Central Florida Commercial Real Estate Association (CFCREA), which will allow non-Realtors to engage with CFCAR! 

  • Tuesday, June 01, 2021 2:29 PM | Anonymous

    CFCAR continues to get “Back to Business” as usual with a well-attended Social at the Dovecote Restaurant in downtown Orlando on May 12th. We had over thirty people in attendance. In addition to our Orlando brokers and affiliates, we had members that travelled from Titusville, Daytona Beach, Lake County, Osceola County and Lakeland to take advantage of this networking opportunity. This was an exceptionally charitable group raising $480 from a silent auction for the Steward Marchman Act/ Behavioral Association. Hope to see you all at our June Social in Lake Mary!  Don't miss our next social at Friendly Confines in Lake Mary sponsored by Esquire Title Services on June 9th from 5:30 p.m. to 7:00 p.m.  

    Register Here

  • Friday, April 16, 2021 11:30 AM | Anonymous

    In case you missed it, the members of the Central Florida Commercial REALTORS Association joined together in person at the beautiful Margaritaville Resort Orlando.  They were "Back To Business" with education, networking, food and fun!  Check back often to see when the next CFCAR Social will take place.

  • Wednesday, April 07, 2021 4:11 PM | Anonymous

    “Back to Business” is the CFCAR theme for this year and that is exactly what is happening in Central Florida. Low inventory of warehouse and manufacturing buildings are evidence of Amazon, Walmart, and other online retailers benefiting by online shopping. Land for development is moving at a record pace and multifamily remains strong. As Central Florida continues to complete a re-opening, we expect that retail and office will rebound as well.

    “Back to Business” for CFCAR means face-to-face networking with our fellow practitioners and doing deals together. It means educational opportunities to share industry trends and learn from industry experts. It means reaching out and doing business with our affiliate member’s whose products and services serve our industry and clients. It also means helping to bring all commercial practitioners together to better leverage opportunities to grow as an organization within the market. We look forward to announcements in the coming months that will transform our organization.

    I urge everyone, practitioners and affiliates, to join us at a CFCAR Social in the coming months as we kick our face-to-face re-opening into high gear. Watch your email for location announcements and frequent the CFCAR website at www.CFCAR.net for all the latest developments as we get “Back to Business”

    Bob Rand, CCIM

    CFCAR 2021 President

  • Wednesday, February 10, 2021 2:20 PM | Anonymous

    Developer plans to build 100-unit apartment complex on Derbyshire Road

    Clayton Park

    The Daytona Beach News-Journal

    DAYTONA BEACH — An Orlando area developer who attended a conference on affordable housing here in 2019 plans to break ground this fall on a project to address that growing need.

    The planned Brentwood Village Apartments project will offer nearly 100 affordable work force housing units that are expected to be move-in ready by fall 2022. The five-acre development site is on the southeast corner of Derbyshire Road and Brentwood Drive, one block north of Mason Avenue.

    "Our goal is to break ground this fall with the first residents moving in a year later," said Steve Smith, president of Provident Housing Solutions Inc. on Friday.

    Smith said his company completed its $440,000 purchase of the development site on Dec. 30, 2020.

    The total estimated cost of the project is $20 million. He said he hopes to offset his costs by obtaining a Sadowski Affordable Housing Act grant from the Florida Housing Finance Corporation as well as tax credits from the federal government.

    How much for the monthly rent?

    The grassy development site is directly north of the aging retail center on Mason that includes the Placita Supermarket, Hampton's Restaurant, Western Union and Wells Fargo.

    Smith said his proposed project will consist of four three-story buildings, each with 24 apartments that would include 1-, 2- and 3-bedroom units, as well as a community center that would offer after-school and summer programs for kids and computer and employment assistance services for adults. Other amenities include a swimming pool and a laundry room.

    Monthly rental rates for the apartments would start as low as $390 for a one-bedroom unit, up to $860 for a three-bedroom unit. 

    The actual rental rates will be determined based on annual household income, Smith said. "The apartments would be for households with annual incomes of up to $47,000 a year," he said.

    The average monthly cost to rent an apartment in Daytona Beach as of November ranges from $800 for a studio to $1,603 for a 3-bedroom unit, according to the website Apartmentguide.com.

    The planned Brentwood Village Apartments will be built in the 32117 ZIP code area where the median annual household income is $27,106, one of the lowest in the city, according to the website unitedstateszipcodes.org.

    Apartments 'Needed All Over Daytona Beach'

    Daytona Beach Mayor Derrick Henry said the project is "something that's needed all over Daytona Beach and Volusia County," especially with housing costs continuing to rise.

    "The average resident can't afford a new home and in the Derbyshire area, the average annual household income is less than $30,000. This is the type of project we would like to see come to fruition," Henry said. "Affordable workforce housing is one of my top priorities."

    The proposed site for the Brentwood Village Apartments "is a great lot. It's ideal for development in the core of the city," he said.

    Smith said the property appraisal, environmental study and land survey for the project have already been completed. "Everything seems to be lining up," he said.

    Sue Odena, a Realtor with Coldwell Banker Commercial Benchmark, assisted Provident in its purchase of the development site. She also was recently appointed chair of the Daytona Beach Affordable Housing Committee, a volunteer position.

    "Provident is hoping for approval from Florida Housing," she said.

    "We're still waiting for it," said Smith. "We will be applying in early March for funding to build the apartments. Round figures, we're seeking around $15 million."

    The property was put under contract to be sold to Provident in early July, Odena said.

    The seller was a family that also owns the small shopping center next door, according to Odena. The owners of the vacant lot prior to Provident's purchase was listed in property records as the WE Cartwright Trust & The Estate of Ruth H Cartwright.

    The retail center is owned by Cartwright & Sons. "It is all the same family. The entities were set up as estate planning. There are four sibling members," Odena said.

    "There is a great need for affordable workforce housing," Odena said. "The (Daytona Brentwood Apartments) development meets all the major requirements of real grocery store, real medical, real school, real pharmacy and public transportation all within a one-mile radius as well as federal recommendations of major employment within 30 minutes of mid-level and lower-income employees."

    Smith who lives in Clermont founded Provident as a nonprofit corporation in 2017. Its goal, according to his LinkedIn page, is to create "beautiful and affordable housing for special groups such as low-income households, disabled veterans, seniors and the working homeless."

    Developer Looking For More Land in Daytona

    Provident so far has developed two affordable housing complexes in Clermont. "We're breaking ground (soon) on a project for workforce housing in Lakeland and another for seniors in Clermont," Smith said.

    Smith said Daytona Beach City Manager Jim Chisholm approached him about possibly developing an affordable housing project here after the two met at a developers conference here in April 2019. The event was put on by the Daytona Beach Housing Authority.

    "We're looking for more land to build in Daytona Beach," Smith said. "We want to go forward with other developments."

    Terril Bates, CEO of the Daytona Beach Housing Authority, said she did not know anything about Smith's Daytona Brentwood Apartments project but said, "I think it's wonderful that the effort we made inspired a developer to consider the opportunities here.

    "For low-wage earners such as service workers, people that work in restaurants, hotels, convenience stores and grocery stores, it's very difficult if not impossible to find decent affordable housing," she said.

    The coronavirus pandemic has increased the area's need for affordable housing, Bates added.

    "COVID has impacted so many people who have either lost their jobs or had their hours cut," she said. "There just is never enough affordable housing."

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