ORION INVESTMENT AND MANAGEMENT LTD. CORP.
ORION COMMERCIAL LTD. CORP.
Licensed Real Estate Brokers
Dadeland Centre, 9155 South Dadeland Blvd., Suite 1602, Miami, FL 33156
Office: (305) 278-8400 * Fax: (305) 278-1540
Toll-Free: 1-888-255-4502
www.orionmiami.com
Orion Investment and Management Ltd. Corp
Orion Commercial Ltd. Corp
July 17, 2009 Orion Investment and Management Ltd. Corp.
By:Joan Sanz
Miami, Florida (July 17, 2009) Norman J. Buhrmaster, CPM, Senior Vice President of Orion Investment and Management Ltd. Corp. provided litigation support services, expert witness reports and testimony for a commercial real estate partnership dispute case regarding an investment/development property in Chicago, Illinois. Orion Investment and Management Ltd. Corp. was retained through the national law firm of Hinshaw & Culbertson by their headquarters office.
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Orion Investment and Management Ltd. Corp.
Orion Commercial Ltd. Corp.
July 7, 2009 Orion Investment and Management Ltd. Corp.
By:Joan Sanz
Miami, Florida (July 7, 2009) Orion Investment and Management Ltd. Corp. announces the successful completion of the acquisition of a free-standing Petsmart property in Vero Beach, Florida to complete a 1031 exchange. The 30,438 square foot property sold for $4,335,000. The buyer was PETM Vero Beach LP and the seller was VNO TRU 20th Street LLC. Financing was provided by the First National Bank of South Miami. Don Kubit of Fowler White Burnett P.A. was the closing attorney for the buyer. Orion will also be providing property and asset management services for the investment.
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Orion Investment and Management Ltd. Corp.
Orion Commercial Ltd. Corp.
July 1, 2009 Orion Investment and Management Ltd. Corp.
By: Joan Sanz
Miami, Florida (July 1, 2009) Luca Quadroni has joined Orion Investment and Management Ltd. Corp. in International Sales. A Swiss citizen, Mr. Quadroni received his Bachelor degree from Scuola SUSPI (Professional University of Swiss Italy) and his Masters degree in Real Estate from the University of Florida, as well as being a registered salesperson in the State of Florida. Mr. Quadroni has had five years experience in leasing, development and management of commercial properties in Switzerland. With his fluency in five languages (German, Italian, French, English and Spanish) and his international real estate perspective, Mr. Quadroni is a welcome addition to the Orion team.
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Orion Investment and Management Ltd. Corp.
Orion Commercial Ltd. Corp.
June 30, 2009 Orion Investment and Management Ltd. Corp.
By: Joan Sanz
Miami, Florida (June 30, 2009) Orion Investment and Management Ltd. Corp. announces the successful completion of the acquisition of a ground lease for a Bank of America branch in Homestead, Florida. The groundlease was acquired from Equity One at a cost of $1,733,000 by Herto Waterstone Plaza LLC. Paul Wallace of Hinshaw & Culbertson LLP was the closing attorney for the buyer. Orion will also be providing property and asset management services for the investment.
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Orion Investment and Management Ltd. Corp.
Orion Commercial Ltd. Corp.
June 29, 2009 Orion Investment and Management Ltd. Corp.
By: Joan Sanz
Miami, Florida (June 29, 2009) Orion Investment and Management Ltd. Corp. announces the successful signing of a lease for 3,000 square feet with an upscale retailer at 219 Miracle Mile, Coral Gables. The owner of the property is Odessa Investments, Inc. Kevin Sanz of Orion Investment represented the owner in the transaction
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Orion Investment and Management Ltd. Corp.
Orion Commercial Ltd. Corp.
June 1, 2009, - Orion Commercial Ltd. Corp
By: Joan Sanz
Miami, Florida (June 1, 2009) Orion Commercial is pleased to announce the signing of land lease agreement for vacant land at 1651 Palm Lakes Boulevard, West Palm Beach owned by Palm Developers LLC to Wachovia Bank N.A.. The 20 year lease has a value of over six million dollars. Steve Rigl of Orion Commercial represented the owners. Wachovia Bank N.A. was represented by Grubb and Ellis.
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Orion Investment and Management Ltd. Corp.
Orion Commercial Ltd. Corp.
April 30, 2009 Orion Investment and Management Ltd. Corp.
By: Joan Sanz
Miami, Florida (April 30, 2009) Orion Investment Management Ltd. Corp announces the successful completion of a sale of a Bank of America branch (subleased to BankUnited) near the Falls (SW 136 Street location) to FNBSM the Falls LLC. The price was $1,800,000 and was sold by BAC the Falls LLC as part of a 1031 exchange. Don Kubit of Fowler White Burnett P.A. was the closing attorney for the seller
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Orion Investment and Management Ltd. Corp.
Orion Commercial Ltd. Corp.
July 31, 2008 Orion Investment and Management Ltd. Corp.
By: Barbara Outerino
Miami, Florida (July 31, 2008) Orion Investment and Management Ltd. Corp. announces the closing on a transaction involving the negotiation of a new 99-year land lease under the Astor Hotel on Miami Beach. Orion acquired the fee title to the land at a purchase price of $5 million. Originally constructed in 1936 and located at 956 Washington Avenue, the Astor Hotel was completely renovated in 2000. The total value of the project is estimated to be approximately $15 million.
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Orion Investment and Management Ltd. Corp.
Orion Commercial Ltd. Corp.
July 1, 2008 Orion Investment and Management Ltd. Corp.
By: Barbara Outerino
Miami, Florida (July 1, 2008) Orion Investment and Management Ltd. Corp. announced today that it has acquired the property management of the 7000 Building. This 104,000 SF office building is located at 7000 SW 62nd Avenue, Miami, Florida. The building is owned by Healthcare Realty Trust and has a master lease with Health South Corporation. This building is located in the heart of South Miami.
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Orion Investment and Management Ltd. Corp.
Orion Commercial Ltd. Corp.
February 1, 2008 Orion Investment and Management Ltd. Corp. and Orion Commercial, Ltd. Corp.
By: Barbara Outerino
Miami, Florida (February 1, 2008) Orion Investment and Management Ltd. Corp. and Orion Commercial Ltd. Corp., a full service real estate company announced today that it was awarded the property management and leasing of Cutler Square. This 42,653 SF retail center is located at18800 S. Dixie Hwy, Miami, FL 33157.
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Orion Investment and Management Ltd. Corp.
Orion Commercial Ltd. Corp.
January, 2008 Orion Investment and Management Ltd. Corp.
By: Barbara Outerino
Miami, Florida (January 2008) Orion Investment and Management Ltd. Corp. (Orion Venture I, LLC) announces the successful completion of the joint venture sale of 2750 Coral Way, Coral Gables, Florida. The transaction totaled $4.9 Million.
Orion Venture I, LLC was formed for the purpose of this private placement investment for the existing office building on site containing sufficient land to expand the income producing area or redevelop the site in the future. Due to the existing lease terms at this property and the relatively small income producing area of the existing improvements, the acquisition cost of the property was seen as an opportunity to acquire the strategically located parcel that may offer substantial redevelopment potential. The venture was fully funded and the property was acquired in January 2008.
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ORION INVESTMENT AND MANAGEMENT LTD. CORP.
ORION COMMERCIAL LTD. CORP.
March, 2007 Orion Commercial Ltd. Corp.
By: Barbara Outerino
Miami, Florida (March 2007) Stephen R. Rigl joins Orion Commercial Ltd. Corp. as Vice President. Mr. Rigl will provide tenant representation and landlord representation services to clients on behalf of Orion Commercial.
Mr. Rigl began his commercial real estate career in Miami in 1984 and has extensive experience in agency leasing, tenant representation, lease negotiations, brokerage, property marketing, tenant improvements administration and property management. In the landlord representation practice, Mr. Rigl has negotiated transactions combining for hundreds of millions in lease value for various institutional, corporate and entrepreneurial property owners. As a tenant representative, he has served office and retail tenants in multiple markets throughout south Florida.
During his career, Mr. Rigl has handled project leasing for a number of significant property owners in Miami-Dade County. Institutional ownership clients have included: Crescent Real Estate Equities, Ltd., Travelers Insurance Company, Equitable Life Insurance and MDM Development. Selected projects have included Suntrust International Center; Kendall Summit Office Park; Dadeland Towers South and Dadeland Executive Center. Most recently, Mr. Rigl concluded a long term leasing assignment at the Datran Center, bringing this class A property to an occupancy level of 98%. Orion is very excited to have Steve on our team.
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ORION INVESTMENT AND MANAGEMENT LTD. CORP.
ORION COMMERCIAL LTD. CORP.
January 1, 2007 Orion Commercial Ltd. Corp.
By: Barbara Outerino
Miami, Florida (January 2007) - Robert Welbon, joins Orion Commercial Ltd. Corp. as Vice President. Mr. Welbon has specialized in commercial leasing and investment sales for over 30 years. Mr. Welbon has an extensive background in property management, development, leasing and sales in various projects throughout Florida. Having worked in commercial real estate in the Miami market since 1975, Mr. Welbon brings a wealth of knowledge and expertise to the business. Prior to joining Orion Commercial Ltd. Corp., he formed his own firm, Welbon Properties. He worked for some of South Floridas leading firms, including the Radice Corporation, Gampe Organization, Clark-Bondi and the Allen Morris Company.
Mr. Welbon has served clients consisting of some of the industrys most recognizable names, such as Ericsson, Tyco, Onyx and Southern Bell and has represented various projects, including the largest land sale in Volusia County, Florida at $70 million; the sale of the Ingrahm Building at $9.5 million; the development of the Princess at Turnberry Apartments; Hollywood Memorial Medical Office Building and Kendall Summit Office Condominium. We are very excited that Bob has joined the Orion family.
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ORION COMMERCIAL LTD. CORP. ANNOUNCES
THE SALE OF THE SEABONAY
January 2007 Orion Commercial Ltd. Corp.
By: Barbara Outerino
Hillsboro Beach, Florida (January 2007) - Orion Commercial Ltd. Corp. is pleased to announce the sale of The Seabonay which is an 81 room, 62,992 square foot condo conversion/hotel property located at 1159 Hillsboro Mile in Hillsboro Beach, Florida. Allan White, with Orion Commercial Ltd. Corp. represented the owners in the transaction
The property was sold for $10,450,000.00 by the Tenacity Group LLC to OceanSide Mile LLC.
Abraham Wien of Colliers Abood Wood-Fay and Gustavo Cajiao of Fortune International were the co-brokers in this transaction.
Orion Commercial Ltd. Corp., specializes in tenant and buyer representation for major space users, as well as large development sites in South Florida.
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