Real Estate Wire/Green Trends News Wire

Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has added Posner Commons, a 630,000 square foot regional shopping center in Davenport, Fla. to its impressive leasing portfolio.  In addition, Crossman & Company will manage a portion of the center totaling 434,710 square feet.  “I am very proud that we will be representing this tremendous property. It’s a great opportunity to showcase our team’s knowledge, experience and the ability to deliver positive results for our clients,” said Crossman & Company President John Crossman, CCIM, CRX. The Crossman & Company team of John Zielinski, Chief Operating Officer; Dan Colachicco, Senior Managing Director, Brokerage Services; Marc Cook, Director, Client Services and Katherine Rush-Heath, Senior Leasing Associate, worked closely with support staff to sign the 80-acre power center. Posner Commons was developed by the Trammell Crow Company and open...

 The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB) remained essentially unchanged in the first quarter of 2016 after rising one point to 53. This is the 17th consecutive reading of 50 or above. The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale of 0 to 100. The index and all of its components are scaled so that a number above 50 indicates that more respondents report conditions are improving than report conditions are getting worse. The MPI provides a composite measure of three key elements of the multifamily housing market: construction of low-rent units, market-rate rental units and "for-sale" units, or condominiums. The component measuring low-rent units increased four points to 54 in the first quarter, while market-rate rental units and for-sale units both dropped one point to 58 and 48, respectively. The Multifamily Vacancy Index (MVI),...

The out-of-ocean surfing revolution has begun, thanks to American Wave Machines with authentic indoor and outdoor surfing experiences.  With a proven pay-for-surf model that pairs well with retail, including apparel, sporting goods and dining, surf parks are poised for development around the world, attracting a wide audience from kids to adults, including amateurs on boogie boards to top professional surfers. According to recent Associated Press reports, retail executives confirm the growing trend toward entertainment attractions. "Shopping centers and the physical retail experience is becoming much more experiential," said Tom McGee, president and CEO of the International Council of Shopping Centers. "People want to have experiences when they go out. They want that kind of all-in aspect. They want the aesthetics and the look to be something that is engaging and appealing to them." “In today’s economy where consumers are valuing a premium experience over mat...

JACKSONVILLE, Fla. – The First Coast Apartment Association (FCAA) presented their 21st Annual Circle of Excellence Awards on Thursday, May 12, 2016 at the historic Florida Theater in Downtown Jacksonville. The association recognized the outstanding accomplishments of its members in dozens of categories during the awards gala.  The FCAA serves the apartment industry in Duval, Clay, St. Johns, Flagler, and Nassau Counties and highlighted the highest level of service and commitment to the multifamily industry. Prestigious Circle of Excellence trophies, from Best Groundskeeper to Leasing Specialist to Property Management Company, were awarded to individuals and companies who embody the strength of the area’s apartment industry. Visit www.fcaaonline.com online or call (904) 292-1345 for more information FIRST COAST APARTMENT ASSOCIATION  2015 CIRCLE OF EXCELLENCE WINNERS Conventional Leasing Rookie of the Year: Candice Gainey. Lakeside Apartments Mai...

JACKSONVILLE, Fla. -- LandSouth Construction, a Jacksonville, Fla. based general contractor specializing in multifamily, senior housing and mixed-use development has begun construction on Portiva Residences, a $25 million luxury apartment community on Jacksonville’s Southside. “We are proud to have been selected for this exciting project, which will expand options for apartment living in a popular area of Jacksonville,” said James Pyle, president, LandSouth Construction. “With spacious interiors, stylish finishes and amenities, the Portiva Residences lifestyle will offer the perfect balance between small-town comfort and big-city convenience.” Portiva Residences is being developed by LIV Development of Birmingham, Ala. Charlan Brock and Associates of Maitland, Fla. is the architect. Completion is scheduled for November 2017. With an impressive array of resort style amenities and features, there will be 260 garden style apartments nestled on 10 acres in eight four-story buildin...

JOHN CROSSMAN MIAMI, Fla. – Crossman & Company, one of the Southeast’s largest retail leasing, property management, and investment sales firms has expanded further into the South Florida market with the opening of a new office in Miami. “Our services and expertise are perfectly tailored to the high demands of the South Florida market. As the challenges for national, as well as local and regional retailers increase, we have the tools, relationships, and knowledge to match them with the right property,” said Crossman & Company President John Crossman, CCIM, CRX. “The growth isn’t stopping, and we intend to help owners and landlords build upon it.” As developers and mall operators renovate and magnify shopping centers and retail space across Miami-Dade, Crossman & Company is in an enviable position to strategically market and lease available space, as well as new planned shopping destinations. “We are excited about our growth and look forward to meeting clien...