Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty." Sir Winston Church...

Quote of the Day!

"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."

Sir Winston Churchill

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "When one door closes another door opens; but we so often look so long and so regretfully upon the closed door, that we do not see the ...

Quote of the Day!

"When one door closes another door opens; but we so often look so long and so regretfully upon the closed door, that we do not see the ones which open for us."

Alexander Graham Bell

Compass Commercial Real Estate: Protect yourself and your clients!

Compass Commercial Real Estate: Protect yourself and your clients!: Remember the Final Walk-through Protect yourself and your clients with a visual inspection before closing. When you're represent...

Protect yourself and your clients!

Remember the Final Walk-through

Protect yourself and your clients with a visual inspection before closing.

When you're representing buyers in a deal, don't forget to make sure a "final walk-through" is included prior to closing. This is especially true in a market where desperate and less-than-reputable sellers may try and walk out with the fixtures. While that may sound a little extreme, the final walk-through can head-off conflict after closing (and even warm up buyers and sellers prior to closing).

Scheduling a final walk-through 4 - 7 days prior to closing will allow your clients to address issues such as:

• If the current owner is on schedule to move out
• That the property is in the same condition it was when shown
• That any repairs required have been completed

In a best-case scenario, a final walk-through is also a good time to have the sellers explain details about the house that the buyer may need to know-- especially tricky pool heaters, access to attics, funny light switches, and sprinkler timers. It's also a great time to put together a list of companies who have serviced the house in the past.

Show you're on the ball with a great walk-through strategy!

Scott Levitt

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Too often we underestimate the power of touch, a smile, a kind word, a listening ear or the smallest act of caring, all of which have the p...

Quote of the Day!

"Too often we underestimate the power of touch, a smile, a kind word, a listening ear or the smallest act of caring, all of which have the potential to turn a life around."

Leo Buscaglia 

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "Obstacles don't have to stop you.  If you run into a wall, don't turn around and give up.  Figure out how to climb it, go through it, or wo...

Quote of the Day!

"Obstacles don't have to stop you.  If you run into a wall, don't turn around and give up.  Figure out how to climb it, go through it, or work around it."

Compass Commercial Real Estate: Quote of the Day!

Compass Commercial Real Estate: Quote of the Day!: "You have achieved excellence as a leader wen people will follow you anywhere, if only out of curiosity." Colin L. Powell

Quote of the Day!

"You have achieved excellence as a leader wen people will follow you anywhere, if only out of curiosity."

Colin L. Powell

Compass Commercial Real Estate: Inspirational Quote of the Day!

Compass Commercial Real Estate: Inspirational Quote of the Day!: The great enemy of the truth is very often not the lie deliberate, contrived and dishonest, but the myth persistent  persuasive and unrealis...

Inspirational Quote of the Day!

The great enemy of the truth is very often not the lie deliberate, contrived and dishonest, but the myth persistent  persuasive and unrealistic.

John F. Kennedy

Compass Commercial Real Estate: Harvey andVictoria Coleman announce the opening o...

Compass Commercial Real Estate:
Harvey andVictoria Coleman announce the opening o...: Harvey and Victoria Coleman announce the opening of their second restaurant Monday February 18 th at 820 Lee Road, Orlando

Harvey and Victoria Coleman announce the opening of their second restaurant Monday February 18^th at 820 Lee Road, Orlando

Friday Real Estate Roundup: Sales, apartments, revitalizations and more

Written by:

Anjali Fluker

Senior Staff Writer-Orlando Business Journal

Ask anyone in real estate, and they’ll tell you the apartment market is the only sector that didn’t really experience a downturn.

And now that the recession is well over and behind us, you can almost say it’s booming. But we all know how careful people in real estate are being with the “B” word.

We lead this week’s edition of Real Estate Roundup with a big multifamily sale that went down last month in the area near The Mall at Millenia. Lake Buchanan LLC, an entity related to Miami-based NRI Investments, bought the 558-unit Carlton Arms South Apartments at 4444 S. Rio Grande Ave. in southwest Orlando for $15.3 million from Harrison, N.Y.-based Carlando Realty Co. LLP.

Shelton Granade, Luke Wickham andJustin Basquill of CBRE Inc. in Orlando exclusively represented the seller in the deal, which closed on Dec. 12.

Here are some other interesting things going down in our area:

• Two building sales by Avalon Island LLC in downtown Orlando are pointing to a revitalization of Pine Street. Orlando-based Pine Street Buildings LLC, whose managing member is nightclub owner Team Market Group LLC, bought the 3,500-square-foot Phoenix Building at 30 S. Magnolia Ave. for $1.4 million last month. Nicholas Fouraker of BishopBeale represented the seller, while Tyler Peterson of Real Property Specialists Inc.represented the seller. Team Market Group, which is run by young entrepreneurs and brothers Keith and Romi Marwadi, plan to open a social club on the first floor and lease offices on the second floor.

Meanwhile, Nunziata Holdings LLC spent $475,000 on a 3,500-square-foot building at 38 E. Pine St. in November, but has yet to announce plans for the building. BishopBeale represented both sides of that transaction.

J. Michael Sigrist

Compass Investment Properties, Inc.

861 W. Morse Blvd. #250

Winter Park, Fl. 32789

Office 407-647-5111

Fax 407-629-9220

Cell 407-953-2605

mike@compassorlando.com