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CFCAR Newsline

  • 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

  • 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 | Debbie 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 | Debbie 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

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