Monthly Archives: March 2014

IBRE and Sean Dreznin are proud to present a 12+ unit apartment complex, located in a highly desired area of Sarasota, FL with water, downtown & sunrise views

Ian Black Real Estate and Sean Dreznin are proud to present a 12+ unit apartment complex, located in a highly desired area of Sarasota, FL with water, downtown & sunrise views

CLick Here <—-===== for more information

Sean Dreznin sells apartments

Sean Dreznin sells apartments

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Sean Dreznin successfully closes the sale of 2 additional apartment buildings in St. Petersburg, FL

Sean Dreznin from Ian Black Real Estate successfully closed the sale of 2 additional apartment buildings in St. Petersburg, FL

Queen Anne Apartments in St. Petersburg, FL, SOLD by NAI Tampa Bay's Multi-Family team, Kyle Keelan and Sean Dreznin

Queen Anne Apartments in St. Petersburg, FL, SOLD by Sean Dreznin

Sean Dreznin simultaneously closed the purchase and sale of The Casa Grande Apartments and the Queen Anne Apartments this past week.

Led by Sean Dreznin, the 22-unit Casa Grande and the 18-unit Queen Anne seamlessly closed.

The buyer was completing a 1031 exchange and the sellers had enhanced and stabilized the property before bringing it to market.

Please contact Ian Black Real Estate and the multi-family team for all your Apartment and Investment Goals!

Sean Dreznin – (941) 961-8199 sean@ian-black.com

SOLD * SOLD * SOLD - We can sell yours, just ask Sean Dreznin or Kyle Keelan @ NAI Tampa Bay

SOLD * SOLD * SOLD – We can sell yours, just ask Sean Dreznin

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The coming Real Estate bubble


By Megan McArdle

Three and a half years ago, my newly married household acquired an actual house, a 1,750-square-foot slice of paradise in Washington’s Eckington neighborhood. In real estate euphemism, the house is what’s known as “lightly renovated,” the neighborhood “transitional.” “Lightly renovated” meant that some stuff had been done, most of it badly, but the HVAC dated from the Paleozoic, and the yard . . . um, better not to speak of the yard, unless you’re a Hollywood location scout looking for somewhere for your heroin-addict protagonist to bottom out.

Transitional” meant . . . oh, you can figure it out. We had gone north of H Street and east of North Capitol to the unfashionable precincts of the city’s Northeast quadrant. The most common response, when we told people where we lived, was “Where the hell is Eckington?” The second-most-common response was, “Wow [rapid eye-blinking]. I could never live there. It’s too far from everything.”

For complete article, click here <—-

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Property Management done well

Property Management done well

By: Mark Gordon | Deputy Managing Editor

via Business Observer (original article 2010)

In most cases, no one knows a property better then the property manager. This is the case with Ryntal.

Chris Abbott went in several entrepreneurial directions in 2004 after his U.S. Army tour ended.

He became an inventor, a software developer and a commercial real estate investor. He also worked in land development for some of the Gulf Coast’s most respected homebuilders and developers.

But it turns out Abbott’s best directional decision, so far at least, was to start a multi-family residential and commercial property management company amid a crippling recession.

That company, which Abbott founded as a one-man show in October 2008, is now poised for a growth spurt. The Review first profiled Abbott and the company, Ryntal Property Management, in its special issue on young entrepreneurs last year. (See Review, 1/23/09.)

Ryntal has since hired eight employees, with plans to bring on four more inside office clerks and 12 additional rental agents this year. Abbott, 32, projects Ryntal will reach at least $600,000 in revenues in 2010, when it will also open two retail apartment rental stores.

Abbott even recently brought on a business partner, a CPA and former accounting executive with several international construction and real estate firms based in the Washington D.C. area. The partner, Tom Wagenhauser, joined the company last year.

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Stickney Point Road shopping center sells for $5.4 million

Stickney Point Road shopping center sells for $5.4 million

By Michael Braga , Herald-Tribune

The Southbridge Shopping Plaza – home to the Stonewood Grill and a half dozen retail outlets — has been sold.

ServeAttachmentSarall Ltd., a Nokomis company managed by David N. Macrae, bought the 23,613-square-foot complex for $5.4 million, or $229 per square foot.

The Buyer was represented by Michele Fuller at Ian Black Real Estate.

CLICK HERE for full article

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List of current Condo Developments in Sarasota, FL getting started in 2014-2015

List of current Condo Developments in Sarasota, FL getting started in 2014-2015

Rendering of Aqua 280 from www.aqua280.com, via Sean Dreznin's Blog

Rendering of Aqua 280 from http://www.aqua280.com, via Sean Dreznin’s Blog

The Queue in Downtown Sarasota
Click here for access to The Q home page

The Jewel
Bayfront Sarasota Luxury Condominiums
Click here for more information

The SanSara
Downtown Sarasota with limited views of Bayfront
Click here to view the designer’s website

One88 on Golden Gate Point
Coastal Condominium Residences
Click here to pre-register on developers site

Aqua280
Located on Golden Gate Point, this luxurious complex looks out at the Bay and Ringling bridge
Click Here to view page

Rendering of the Vue at Gulfstream and US 41 in Sarasota, FL from the website of the Kolter Group, via Sean Dreznin's Blog

Rendering of the Vue at Gulfstream and US 41 in Sarasota, FL from the website of the Kolter Group, via Sean Dreznin’s Blog

The Vue
On Sarasota Bayfront
Currently in a pickle about additional traffic impact with the Ritz and others.
Click here to visit the website

Other developments forthcoming…

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San Marin Apartments in Tampa, FL Sell for $9M

San Marin Apartments in Tampa, FL Sell for $9M

By Justin Sumner

Ceebraid-Signal Corporation acquired the San Marin multifamily property at 3501 W. Waters Ave. in Tampa, FL from Conix, Inc. for $9 million, or about $47,000 per unit.

The 193-unit, 24-building, 192,505-square-foot, garden-style apartment complex was built in 1972 on 8.2 acres in the Greater Egypt Lake – Leto North submarket of Hillsborough County. It features a mix of studios, one-, two-, and three-bedroom units and townhome-style apartments with asking rents between $499 and $929 per month. At the time of sale, the asset was 75 percent occupied.

The acquisition was funded with a new $15.35 million loan provided by private institutional lender LMREC III Holdings IV, Inc.

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

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