Tag Archives: sean dreznin

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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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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TerraCap Mgmt Corp Acquires Sarasota Office Bldg

TerraCap Mgmt Corp Acquires Sarasota Office Bldg

By David Davis
March 5, 2014

Pic via CoStar, presented by Sean Dreznin

Pic via CoStar, presented by Sean Dreznin

88,000-SF Investment Trades for $11.5M

TerraCap Management Corp., a Florida-based company, acquired the 10-story office building at 1 S. School Ave. in Sarasota, FL from Y Associates Ltd and the Sarasota Family YMCA for $11.5 million, or about 130 per square foot.

The 88,178-square-foot, 4-Star office building was constructed in 2000 on 2.4 acres in Sarasota County. The asset is almost 80 percent leased to multiple tenants, and includes a four-story covered garage with 240 stalls.

As part of the sale, the buyer assumed an existing $7.82 million loan secured by the property with a 5.5% fixed rate through October 2015.

For other news and articles in our market FOLLOW THIS LINK <—-====

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CoStar Group buys Apartments.com for $585 million

CoStar Group buys Apartments.com for $585 million

By Jonathan O’Connell, Published: March 3

District-based CoStar Group announced Monday that it has acquired the online apartment search company Apartments.com for $585 million.

CoStar is a top provider of data and information on commercial real estate in the United States and Europe through subscription-based Web sites.

Apartments.com, previously owned by Chicago-based Classified Ventures, will give CoStar insight into the growing $2 trillion apartment rental industry.

In the transaction, CoStar also will acquire the Web sites ApartmentHomeLiving.com and RentalHomesPlus.com. Last year the three sites collectively generated 114 million visits and an average of 7 million unique monthly visitors, according to CoStar. They had about $86 million in total revenue.

“This was a very thorough process, and we are confident that the sale to CoStar will allow Apartments.com to continue to grow and flourish,” Dan Jauernig, chief executive of Classified Ventures, said in a statement. “CoStar has demonstrated an understanding of the value of Apartments.com and a commitment to its growth. We look forward to working with them to consummate the sale.”

Prominent newspaper companies were among the owners of Apartments.com. Graham Holdings, the former parent of The Washington Post, owned a 16.5 percent interest in Apartments.com and said it expected to receive about $95 million at closing. Gannett, the publisher of USA Today, owned a 26.9 percent interest in Apartments.com and reported that it expected to receive about $155 million. Other owners included Tribune and McClatchy.

The deal follows CoStar’s $860 million acquisition of LoopNet, the commercial real estate industry’s most heavily trafficked site. That deal closed in the spring of 2012. Since the LoopNet deal, CoStar’s stock price has been on the rise, starting at $72 the day after the deal closed and closed Monday at $200.28 per share.

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

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