Monthly Archives: August 2013

Another Sarasota Apartment Complex For Sale

Another Sarasota Apartment Complex For Sale presented by NAI Tampa Bay

Lime Ave Apartment Complex
635 North Lime Avenue, Sarasota, FL 34236

NAI Tampa Bay is proud to present Lime Ave Apartments in Sarasota, Fl for sale.

NAI Tampa Bay’s Sean Dreznin and Keller William’s Andrew Haddad are proud to present Lime Ave Apartments in Sarasota, Fl for sale.

Click for access to property info & virtual deal room.

NAI Tampa Bay is pleased to offer the exclusive right of sale for the North Lime Ave Apartment Complex. The North Lime Ave Apartments is a 20 unit apartment complex and SF home in Sarasota, Florida.

The North Lime Ave Apartments total 21 units and are situated on the West side of the road. North Lime Ave Apartments consists of 2 two-story buildings & a 3/2 one-story home which were constructed in 1972. The SF home (701 N Lime Ave) consists of 1,294 Sq Ft and was built in 1948. The buildings are garden style apartments that have outdoor entrances, with concrete block construction, and pitched roofs.

Within the past few years substantial renovations and improvements have been completed on most of the units of the property, including new kitchen cabinets, new appliances, new tile/vinyl flooring, and new closet doors. Landscaping has been improved & enhanced for the tenants enjoyment.

Located Northeast of Downtown Sarasota and US 301. Close to Sarasota Military Academy School and minutes from the Bayfront, restaurants, and Shopping.

Contact Sean Dreznin at SDR@naitampabay.com or contact Phil Ginexi at 631-404-6060 with questions or interest.

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The Mall at University Town Center, Sarasota, FL by Taubman & Benderson

The Mall at University Town Center, Sarasota, FL by Taubman & Benderson

The Mall at University Town Center in Sarasota, Florida, will be a state-of-the-art, two-level, enclosed mall featuring an 80,000-square-foot Saks Fifth Avenue, a 180,000-square-foot Dillard’s and a 160,000-square-foot Macy’s.

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Sarasota Apartment Complex For sale by NAI Tampa Bay

CLICK HERE <——–=========== for access to property info & virtual deal room

Sarasota Apartment Complex For sale by NAI Tampa Bay
2067 Hillview Street, Sarasota, FL 34239

Sarasota Apartment Complex For Sale - Sean Dreznin

Sarasota Apartment Complex For Sale

NAI Tampa Bay is pleased to offer the exclusive right of sale for the Hillview/Chez Ami Apartment Complex. The Hillview/Chez Ami Apartments is a 60 unit apartment complex in Sarasota, Florida. The Hillview Apartments total 46 units and are situated on the North side of the road. Hillview consists of 5 two-story buildings & 2 one-story buildings which were constructed in 1969. The Chez Ami apartments situated on the South side of the road, total 14 units, and consist of 2 two-story buildings built in 1966. The buildings are garden style apartments that have outdoorentrances, with concrete block construction, and pitched roofs.

Click here for a comparable sale that closed 12/5/2013 (Located one block South)

Within the past few years substantial renovations and improvements have been completed on most of the units of the property, including new kitchen cabinets, new appliances, new tile/vinyl flooring, and new closet doors. Landscaping has been improved & enhanced for the tenants enjoyment. These improvements have propelled Hillview/Chez Ami to be one of the most highly desired locations in the area.

The property is situated right off of US 41, across from Sarasota Memorial Hospital. The location is in close proximity to Sarasota High School, restaurants, shopping, and is within minutes of downtown Sarasota & the Bayfront. The Hillview/Chez Ami is a stable and affordable property that is well maintained. The property produces a strong NOI and has traditionally enjoyed above average occupancy rates. Hillview/Chez Ami provides an opportunity to invest in a community that will provide substantial cash flow while appreciating in value in the long term due to the highly desired location and already completed condominium conversion.

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Jesse Biter shares his downtown Sarasota vision at Lakewood Ranch

Jesse Biter - Downtown Sarasota & The Bayfront

Jesse Biter – Downtown Sarasota & The Bayfront

By Michael Pollick
Published: Thursday, August 22, 2013

Entrepreneur Jesse Biter took his vision for a
more vibrant and affordable downtown
Sarasota to this master ­planned, city­ in­ the­
making.

His Thursday breakfast speech went over well,
even considering the receptive crowd
— about
130 members of the Lakewood Ranch Business
Alliance, most of whom depend at least in part
on the continued success of the 33,000­ acre
planned community.

Biter, who sold a $2.5 ­million ­a­month automotive sales software system to Auto
Trader Group in 2010
, lives a long way from Lakewood Ranch, in a downtown
condominium tower. He works in the city’s core, too, in a four­ story former bank
building he renovated in 2012, now known as the HuB Building.

He readily admits that much of his world is anchored in five city blocks.

That real estate aside, Biter’s other passion — besides the auto supply business
Dealers United he has started — is to draw more young professionals downtown
and make Sarasota more of a year­round community.

That means supplanting the area’s past reliance on rich snowbirds and tourists with
workers who are upwardly mobile professionals and businesses that are tomorrow­
focused.

“I want us to be the Silicon Valley of the East Coast,” Biter said. “Technology is the
best business to have in Sarasota. It doesn’t pollute. It attracts generally nice
people.”

The plan

Biter’s speech was one of a twice­yearly “Breakfast of Champions” the group holds.

To Find out more about THE PLAN and read the full article, CLICK HERE <———–============

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Move Over, McDonald’s: The 5 Fastest-Growing, Publicly Traded Fast Food Restaurants

Move Over, McDonald’s: The 5 Fastest-Growing, Publicly Traded Fast Food Restaurants

By Stephanie Taylor Christensen

When its second-quarter 2013 profit and earnings growth failed to meet Wall Street’s expectations in July, McDonald’s (NYSE:MCD) said that it planned to open fewer new restaurants and carefully monitor its prices to account for weaker global demand. Does that mean that fast food as a whole is in trouble? Not at all.

Wendy’s (NASDAQ:WEN) Q2 2013 earnings announcement was a comeback story of sorts from the same time one year ago. The company announced an increase in margins and same-store sales growth, a 25% dividend increase, plans to shift more of its corporate-owned holdings to franchise operators, and a renewed strategic focus on its value-oriented menu.

Burger King (NASDAQ:BKN) reported a 30% rise in quarterly profits and higher-than-expected earnings. Despite posting weaker profits in Q2 2013 largely due to incidents in China, Yum Brands (NYSE:YUM), the parent company of Taco Bell, KFC, and Pizza Hut, also beat analyst expectations; its stock price hit a new 52-week high last week.

But the success of major fast food and quick-service restaurant players doesn’t mean that there aren’t opportunities for up-and-comers to capture their own lucrative stake in the billion dollar industry.

According to the National Retail Federation and Kantar Retail’s Hot 100 Retailers List, the top 10 fastest-growing fast food restaurants, measured by year-over-year sales growth, are: Jimmy John’s, Cheddar’s Casual Café, Buffalo Wild Wings (NASDAQ:BWLD), Chipotle Mexican Grill (NYSE:CMG), Panda Restaurant Group, Noodles & Company (NASDAQ:NDLS), Zaxby’s Franchising, Wingstop Restaurants, BJ’s Restaurants (NASDAQ:BJRI), and Chick-fil-A.

CLICK HERE <———============= for a closer look at the top five publicly traded names on the list.

Contact Sean Dreznin with NAI Manasota at sdreznin@naimanasota.com or 941-961-8199 to locate sites for your restaurant or franchise.

If you are considering selling your NNN investment, please also reach out to Sean Dreznin at sdreznin@naimanasota.com or 941-961-8199 for the highest service and successful results!

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Re/Max Holdings Real Estate Brokerage Files for U.S. IPO

Re/Max Holdings Real Estate Brokerage Files for U.S. IPO

by Mohammed Hadi & Elizabeth Dexheimer

Re/Max Holdings Inc., a franchiser of real estate brokerages, filed for a U.S. initial public offering as the nation’s property market rebounds and shares of housing-services companies surge.

Re/Max, a Denver-based company that has more than 92,000 real estate agents globally, filed to raise as much as $100 million, according to a regulatory filing today. The amount is a placeholder that will probably change. The number of shares and price range haven’t been determined, Re/Max said.

The U.S. housing market’s recovery from the worst crash since the 1930s is bolstering shares of companies that make money from home sales and searches. Realogy Holdings Corp. (RLGY), the Madison, New Jersey-based owner of the Century 21 and Coldwell Banker brands, raised $1.08 billion in an October IPO. The shares have climbed about 60 percent since they started trading.

Shares of Zillow Inc. (Z), operator of the largest real estate information website, have more than tripled this year. The company went public in July 2011. Trulia Inc. (TRLA), the San Francisco-based residential-property listings website, went public in September at $17 a share and has gained about 170 percent in 2013.

For complete article, CLICK HERE <————=============

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Quay property in Sarasota, FL, for sale

Quay property in Sarasota, FL, for sale

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Date: August 15, 2013
by: David Conway

The door has opened for the sale of the former Sarasota Quay property, as the Irish government gained control of the land Monday.

The property at Fruitville Road and U.S. 41, once the planned home of an ambitious combination of residential, hotel, retail and office space, is now on the market after two years of litigation prevented any movement regarding the land.

sdreznin@naimanasota.com or 941-961-8199

“There’s no pressure whatsoever to sell the property,” Shelowitz said. “As the market continues to rise, and as the value continues to rise, eventually you’ll the type of offer that’s being sought.”

The property was up for auction to the public Monday morning, but no serious offers were made. That’s because National Asset Sarasota’s maximum bid of $50 million was disclosed to bidders, Shelowitz said.

For Complete article, CLICK HERE <——–==============

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