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  • 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."


  • Thursday, January 28, 2021 12:00 PM | Anonymous

    Bob Rand knows how to work hard and build successful team.  Ask anyone in Volusia County where Rand serves as a leader in his business, his community and more.

    So, some might be surprised that Bob accepted the top leadership role for the area’s 10 County overlay commercial real estate board, CFCAR.

    “As we serve our business and investment clients across the greater Central Florida region, we see that commercial brokers and agents find solutions and educational and business development opportunities when joining CFCAR,” Rand explains.  “I want to help CFCAR grow so that our business leaders have even an even stronger resource in their Commercial Realtor community,” Rand shares, adding “and it doesn’t hurt that I love meeting new people.”

    Building strong teams seems to come naturally for Rand. Since he immersed himself in Central Florida’s commercial real estate in 2005, he has closed countless transactions, with a focus on industrial markets in Volusia and Seminole counties. A dozen years ago he dug even deeper and became a principal at Daytona’s Coldwell Banker Commercial Benchmark where he focuses his team on Investment Properties and Industrial and Retail Sales and Leasing for his clients across Florida.

    This proud CCIM also serves on the City of Daytona Beach Economic Development Advisory Board and is active in Team Volusia Economic Development Corporation (TVEDC). Other community involvement includes Rotary International, he serves on the Board of Directors for the Daytona Regional Chamber of Commerce, and he is a past president of the Port Orange –South Daytona Chamber of Commerce.

    Prior to his time in commercial real estate, Bob was a long standing multi-unit franchisee for one of the largest fast-food franchises in the country. Bob has resided in the Greater Daytona Beach Area for over 40 years. Bob is married to his wife Teresa and they have five adult children and four beautiful grandchildren. In his “free” time, he enjoys family and is an avid golfer.  He is a graduate of Florida State’s College of Business.

    Rand says he is excited to help CFCAR grow and is impressed with the power brokers joining him on the 2021 board of directors. “The success and depth of this year’s board shows our Realtor community that CFCAR means business.  So get ready for some exciting new features to your existing membership platform!”

    In addition to his Immediate Past President – Paul Partyka, CCIM,  with NAI Realvest Partyka Group, the newly installed officers include:

    • ·         President-Elect – Lou Nimkoff, CCIM with Brio Companies
    • ·         Treasurer (VP of Finance) – Robin Webb, CCIM with Commercial America Properties
    • ·         Director - Carol Tanner, CCIM with Convergent Commercial
    • ·         Director – Dan Lyonnais, CCIM with Adams, Cameron & Co., Realtors
    • ·         Director – John Wanamaker, CCIM with Coldwell Banker Commercial, AI Group
    • ·         Director – Amy Noble with the NobleGroup Realty, Inc.
    • ·         Director- Ellen Yarkin with Neal Development

    The installation of officers was held on January 6th at Cafe Murano in Altamonte Springs.


  • Thursday, January 28, 2021 11:33 AM | Anonymous



  • Wednesday, January 27, 2021 8:39 AM | Anonymous

    By: Erin Stackley  Washington Report

    On December 28, 2020, the FAA released new final rules for certain uses of Unmanned Aerial Systems, (UAS, or drones), the result of a multi-year undertaking.  These new rules build upon previous rulemakings which expanded UAS operations to allow for commercial use and eased restrictions for those operators, along with creating the small-UAS (less than 55 lbs) and micro-UAS (4.4. lbs or less) categories of vehicles.  The new regulations do several things: 1) they require remote identification technology for UAS; 2) they expand UAS commercial operations to allow for over-crowd flights, creating different restrictions based on the category the UAS falls into (more below); and 3) they establish a system for allowing operators to conduct UAS flights at night.  
     
    Previously, the FAA had allowed commercial UAS flights only over people on the ground who were participants in the operation itself.  Under the new regime, certain types of UAS will be able to fly over crowds regardless of their knowledge or participation in the operations; others will have more restricted abilities.  To accomplish this, the FAA created new categories for UAS:
     
    Category 1: The only category based solely on weight. It is for UAS weighing .55 lbs or less.  These UAS can fly over crowds regardless of if they are participating in the operation or not, as long as remote identification technology has been enabled.  
     
    Categories 2 - 4 are UAS that weigh more than .55 lbs and meet certain FAA safety standards, with the standards for Category 2 being highest, then Category 3, and finally Category 4.  As the standards are lowered by category, the limitations on what those UAS can do are raised.  
     
    Category 2: Can fly over crowds, but not over open air assemblies.

    Category 3: Can fly over people participating in the operation or within an enclosed/restricted space and the people within have been notified that a UAS may fly over them.

    Category 4: Requires an "airworthiness certificate" from the FAA (Part 21), and is restricted to operations allowed according to it.  
     
    In addition, UAS Categories 1-3, if eligible to fly over people, can operate over moving vehicles when in transit (sustained flights over moving vehicles are prohibited). 

    The new rule also allows for commercial small-UAS (less than 55 lbs) flights at night.  To fly at night, remote pilots must either complete an updated initial test or the updated recurrent online training prior to conducting a night operation.  In addition, their small-UAS must be equipped with operational anti-collision lights that can be seen for 3 statute miles and have a flash rate sufficient to avoid a collision.
     
    These updated rules expand the legal operational capabilities of commercial UAS and provide flexibility for operators who use them in their businesses, including real estate professionals.  The FAA continues to work on regulations to allow for commercial UAS flights that go "beyond-visual-line-of-sight" (BVLOS).  NAR will continue to work with the FAA to develop UAS regulations and advocate for common-sense rules which allow UAS to meet their full potential for real estate professionals while protecting the safety and privacy of people on the ground.  
     
    Read the new FAA regulations executive summary(link is external)

    Get information on Remote Identification requirements(link is external)
     
    Read the over-crowds and night flights rule(link is external)
     
    Read the remote identification technology rule


  • Tuesday, December 29, 2020 3:53 PM | Debbie 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 | Debbie 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 | Debbie 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



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