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 Commercial 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 Florida’s 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 industry’s 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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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