Inside - Volusia/Flagler Business Report
Transcription
Inside - Volusia/Flagler Business Report
■ Focus on: COMMERCIAL REAL ESTATE, pages 14-21 Inside: Editor’s Notebook: BDP welcomes “return” of partnership founder George Mirabal … Page 4 The 10-year mission: Business leaders working with county, city on plan to create 10,000 jobs … Page 6 Home, temporary home: New business offers short-term office spaces in Palm Coast … Page 10 February 2, 2009 The France family’s other project: Construction underway for first of multi-building complex along Halifax River … Page 14 PRSRT STD U.S. POSTAGE PAID Daytona Beach, FL Permit #150 2 February 2, 2009 Volusia/Flagler Business Report PDFA-0000784373 Smaller footprint. Bigger attitude. Introducing the all-new GLK. Starting at $33,900.* On the street, it is more compact than the average SUV. But as it fills your rearview mirror in the passing lane, there’s nothing small about it. With its self-adjusting sport suspension, the GLK plants its 19" tires firmly on any surface. A traction-control system that monitors wheel slip 6,000 times a minute helps make it impervious to most any weather condition. And its interior delivers the utmost in technology, including an available Multimedia Package with a 600-watt multichannel surround-sound system. The all-new GLK. Great engineering is great engineering at any size. MBUSA.com Mercedes-Benz of Daytona Beach 1720 Mason Ave., (386) 274-4775 “Directly behind the Volusia Mall” GLK 350 shown in Mars Red paint with optional running boards and Appearance, Lighting and Premium 1 Packages. *MSRP for a 2010 GLK 350 2-wheel drive, available in approximately April. Excludes all options, taxes, title, regis., transportation charge and dealer prep. GLK 350 4-wheel drive is currently available starting at an MSRP of $35,900. Excludes all options, taxes, title, regis., transportation charge and dealer prep. ©2009 Authorized Mercedes-Benz Dealers For more information, call 1-800-FOR-MERCEDES, or visit MBUSA.com. Volusia/Flagler Business Report February 2, 2009 3 ON THE COVER: The France family’s other project: Construction is currently underway for the first of a planned multi-building mixed-use complex along the Halifax River in Daytona Beach that is being developed by NASCAR’s France family. Also pictured on the cover is an architectural rendering of the project’s initial phase: a five-story office building that is being built on France family-owned property, just south of Sunset Harbor Yacht Club. The project will also include a second office building, a 13-story luxury condominium tower and a marina. The family, of course, is also involved in a much higher profile project, which is also currently under construction: the $437 million Daytona Live! mixed-use entertainment/retail/office/hotel/ residential complex on International Speedway Boulevard, across the street from Daytona International Speedway. For details, see story on page 14. 0000784670 ■ Focus on: COMMERCIAL REAL ESTATE, pages 14-21 Inside: Editor’s Notebook: BDP welcomes “return” of partnership founder George Mirabal … Page 4 The 10-year plan: Daytona Chamber unveils goal of creating 10,000 jobs over next decade … Page 6 February 2, 2009 Cover design: John Klipfel Home, temporary home: New business offers short-term office spaces in Palm Coast … Page 10 The France family’s other project: Construction underway for first of multi-building complex along Halifax River … Page 14 INSIDE: Editor’s Notebook: BDP welcomes “return” of partnership founder George Mirabal..............................................................................................................................................Page 4 The 10-year plan: Daytona Chamber unveils ambitious goal of creating 10,000 jobs over the next decade..........................................................................................................Page 6 BDP opens “westside” office at West Volusia Chamber ..........................................................Page 7 Briefs ..................................................................................................................................................................Page 8 Home, temporary home: New business offers furnished office units for rent on short-term basis in Palm Coast....................................................................................Page 10 Business Scene: Beach Street Courtyard dedication draws 250+ crowd ........................Page 12 People on the Move ..................................................................................................................................Page 13 Jeffrey Gitomer: What’s your resolve this year? Will you go all out? ................................Page 22 Calendar of upcoming local business events ..............................................................................Page 23 Focus: Commercial Real Estate The France family’s other project: Construction underway for first of planned multi-building complex on Halifax River ..............................................................Page 14 Real Estate Roundup: Status uncertain? Company puts site for future HQ up for sale, while still shopping existing site ..................................................Page 16 Big break for Gateway: Developers of stalled project get verbal commitment from hotel chain ............................................................................................................Page 18 The List: Area’s largest commercial real estate companies ..................................................Page 20 Volusia/Flagler Business Report Connecting Business to Business February 2, 2009 Copyright © 2009 The News-Journal Corporation P.O. Box 9970, Daytona Beach, FL 32120-9970 Phone: 386-681-2737 E-mail: [email protected] for editorial submissions [email protected] for advertising inquiries Web site: www.vfbr.com Manager: Paige Holley Senior Editor: Clayton Park Reporter: Chris Anderson Business Advertising Specialist: Debi Brand Art Director: John Klipfel Photographers: Chris Anderson, David Massey The Volusia/Flagler Business Report is published every other Monday. Press releases, calendar items and letters to the editor should be e-mailed to [email protected]. People on the Move announcements should be limited to 50 words and accompanied by a photograph (head shot only; 300 dpi preferred). Calendar items should be submitted 30 days in advance of the event. Correction A photo caption that ran with last issue’s story on the groundbreaking ceremony of MAC Charter Inc.’s future aircraft hangar complex at Ormond Beach Municipal Airport incorrectly identified one of the ceremony’s participants. The man holding the shovel, third from the right, is Ed Kelly, an Ormond Beach city commissioner. Downtown Daytona Beach 150 S. Beach St. (386) 255-1468 ROLEX Hours: Mon-Fri 9:30 - 5:30 Sat 10 - 5 OFFICIAL ROLEX JEWELER OYSTER PERPETUAL AND COSMOGRAPH DAYTONA ARE TRADEMARKS 4 February 2, 2009 Volusia/Flagler Business Report Opinions Chamber, BDP welcome “return” of familiar face: retired chamber exec Mirabal W hen George Mirabal retired in January 2007 after 19 years as president of the Daytona Beach/Halifax Area Chamber of Commerce, he told a reporter that he just bought a new set of golf clubs in hopes of finally getting to hone his skills on the links. Two years later, Mirabal admits his golf game hasn’t really improved, noting he has come to realize “it’s the archer, not the arrows” that was the problem. Of course, he also hasn’t spent nearly as much time as he thought he would using his clubs. While he no longer gets up everyday at 5:15 a.m., as Mirabal he did when he was chamber president, Mirabal has kept busy in his “retirement,” serving as a consultant both to the chamber and to a number of area developers, as well as campaign manager this past fall for Nancy Epps in the former Ponce Inlet mayor’s recent bid to get elected to an open seat on the Volusia County Council. (Epps narrowly lost Clayton Park Editor’s Notebook to Josh Wagner in the November election.) In October, Mirabal accepted an invitation by his successor, Larry McKinney, to come back to work for the chamber on a half-time basis as executive vice president of the Business Development Partnership, the chamber’s economic development arm. Mirabal, who oversaw the formation of the BDP in 2001, began his new job Jan. 5. The BDP’s staff includes Sam Goodwin, the partnership’s longtime economic development administrator whose primary focus is bringing in leads on potential new employers to recruit to the area; Katie Conrad, who does marketing, promotions and research work both for the BDP as well as for the chamber; and McKinney who, in addition to his duties as chamber president, helps “set the tone” for the BDP in terms of strategic planning and visioning, and is available whenever needed to assist in economic development efforts. Mirabal, a Port Orange resident who celebrated his 70th birthday in July, “was the first person I had in mind” to take over the role of leading the BDP on a day-to-day basis, said McKinney. Mirabal is not only knowledgeable about and well-respected in the community, but also a person with “great communication skills” who has experience in economic development, having been involved over the years in “a lot of big pitches” to potential new employers, said McKinney. In rejoining the chamber staff, Mirabal agreed to give up any private consulting work that might conflict with the chamber and BDP, said McKinney. In addition to his skills and experience, Mirabal brings a passion and enthusiasm to the job that is readily apparent to those who meet him. “My role is to look at where the BDP is right now and how we function and help shape the future direction and future operation (of the or- ganization),” said Mirabal. One challenge facing the BDP that was different from when he was president of the chamber is the current recession — a time when many companies are looking to downsize, not expand, he noted. Mirabal said one of his tasks will be identifying the silver linings to the economic downturn that might be opportunities for creating jobs locally. Mirabal half-jokingly said his wife is already yelling at him for getting up at 5:30 in the morning to go to work, when those days were supposed to be behind him. He also has been putting in longer hours at the office so far than his allotted 20 hours a week – by his own choice — so he can get up to speed as soon as possible. “This is the only way I know how to do it,” he said. His golf game may not be getting any better, but Mirabal’s return to the BDP certainly makes the local economy’s prospects for recovery seem a little more hopeful. ■ Clayton Park can be reached [email protected] or at 386-681-2470. 0000000000 0000784372 BOUTIQUE Happy Valentine’s Day For Him: For Her: OTAZU Holiday Open House Gulfstream … your mortgage source is pleased to welcome Libby Smith to the Gulfstream Team. Libby is a licensed mortgage broker and a mortgage loan processor with 29 years of experience in the mortgage lending industry, both retail and wholesale. Please contact Libby regarding any of your mortgage financing needs at 386.788.5211 or [email protected]. 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Orchard St. G ENERAL C ONTRACTOR • C ONSTRUCTION M ANAGERS • D ESIGN B UILD S ERVICES 386.672.6651 6 February 2, 2009 Volusia/Flagler Business Report The 10-year mission Area business leaders working with county, city on plan to create 10,000 jobs By Clayton Park Business Report Staff T alk about setting the bar high. At the Daytona Beach/Halifax Area Chamber of Commerce’s annual dinner last month, Ted Doran, as is customary for incoming chairpersons, spoke of the chamber’s goals for the coming year. At the top of the 2009 chamber chairman’s to-do list is working with city, county and community leaders on a plan to create 10,000 jobs along the International Speedway Boulevard corridor, which stretches from Interstate 95 east to the ocean, over the next 10 years. Never mind that fact that the announcement of this goal was being made in the midst of what many consider to be the nation’s worst economic downturn since the Great Depression. The plan, as outlined by Doran, calls for encouraging the further development of the several “zones” or clusters, of like businesses, amenities and institutions that have already formed either directly along the sevenmile-long corridor or within the area roughly one mile to the north and south of ISB: The city, for example, has already identified the beachside area that includes the newly expanded Ocean Center convention complex and the Ocean Walk Village retail/restaurant/hotel complex across the street as an “entertainment zone.” Other already existing zones along ISB include the “educational zone” that includes Daytona State College, Embry-Riddle Aeronautical University, the Daytona Beach campus for the University of Central Florida and Bethune-Cookman University; the “sports/entertainment zone” that includes Daytona International Speedway, the new Daytona Beach Kennel Club and the future Daytona Live! entertainment/retail/office complex under construction across the street from the Speedway; and the city’s historic downtown area along Beach Street that also serves as an entertainment zone with its collection of retail shops, restaurants and the News-Journal Center performing arts center. The area along Clyde Morris Boulevard, just north of ISB, where Halifax Medical Center and several medical practices are located has already become a “health zone,” while the area along Fentress Boulevard, north of ISB, which is home to companies such as Raydon Corp. and AO Precision Manufacturing, has become a “manufacturing zone.” The corridor is also home to the “world’s most famous beach,” Daytona Beach International Airport, Volusia Mall and several other shopping centers, as well as a minor-league baseball stadium, and the headquarters for three publicly traded companies in Brown & Brown, Consolidated-Tomoka and International Speedway Corp., noted Doran. What’s more, the corridor, which itself is an eight-lane highway, is connected to two major interstate freeways: I-4 and I-95. The one thing that’s missing, said Doran, is a “seamless” transportation system such as a monorail, trolley cars or shuttle buses that can connect these various zones and allow people to easily get from one “zone” to another along the corridor without having to drive a car. Doran, in an interview with the Business Report following the chamber dinner, said what he was attempting to do in giving his speech was not call for some sort of new “visioning study” filled with vague pie-in-thesky aspirations, but to establish a concrete goal – the creation of 10,000 local jobs in 10 years – which can be measured on an annual basis as to whether progress is being made toward achieving that mission. “I didn’t come up with this. I’m not trying to take credit,” said Doran, noting that ongoing discussions between area business and community leaders, the city and the county have already been taking place on how to encourage economic growth along the ISB corridor. The working title for the group is the “ISB Corridor Coalition.” Others involved in the coalition include Daytona Beach City Manager Jim Chisholm, County Manager Jim Dineen, Larry McKinney, president of the Daytona Beach/Halifax Area Chamber, Rick Michael, director of the county’s Department of Economic Development, Bob Williams, vice president of economic development for Daytona State College and the 2009 co-chair of the Business Development Partnership, and Jack White, a Daytona Beach developer who has been active in efforts to revitalize the city’s historic Beach Street area. Doran said he believes creating 10,000 See MISSION p. 22 PDFA-0000784700 PDFA-0000784662 Y UCF Learning on Demand.com U C F S T A N D S F O R O P P O R T U N I T Y Volusia/Flagler Business Report February 2, 2009 7 BDP opens “westside” office at West Volusia Chamber By Clayton Park Business Report Staff A year ago at its annual dinner, the Daytona Beach/Halifax Area Chamber of Commerce announced its decision to expand the scope of its economic development arm, the Business Development Partnership, to include all of Volusia County, as opposed to its previous focus on just the greater Daytona Beach area. Last month, the county’s largest chamber of commerce took a step it hopes will show cities and businesses in west Volusia that its pledge of a year ago is more than just lip service. On Jan. 16, Larry McKinney, president of the Daytona Beach/Halifax Area Chamber, met with Linda White, president of the Chamber of Commerce of West Volusia, to sign a one-year lease to open a “westside” office for the BDP in the West Volusia Chamber’s new building in Orange City. The lease has the option of being renewed at the end of each year. As part of the agreement, the West Volusia Chamber will provide the BDP with use of a landline telephone, Internet access, use of the chamber’s conference room and other Photo: Georgette Rummel/West Volusia Chamber Larry McKinney, president of the Daytona Beach/Halifax Area Chamber, and Linda White, president of the Chamber of Commerce of West Volusia, put their signatures on an agreement by the West Volusia Chamber to lease a space in its new building to the Business Development Partnership. amenities, and, White added, coffee and a well-stocked supply of M&M’s. The BDP’s new westside office will be staffed at least twice a week by Sam Goodwin, the partnership’s economic development administrator, who happens to be a west Volusia resident. “Sam lives in Deltona so he’s already familiar with the area,” said White. McKinney said Goodwin “will use (the westside office) as a base of operations to host (economic development) prospects, as well as to host (west Volusia) city folks.” McKinney added that both he and George Mirabal, the BDP’s newly hired executive vice president, will also use the westside office from time to time to conduct economic development business on behalf of the partnership. White said it made sense for the West Volusia Chamber to combine its economic development efforts with the BDP because it “centralizes the processing of leads (for attracting new employers to the area), rather than fragmenting it.” The West Volusia Chamber became a member of the BDP last year. The new West Volusia Chamber building, which opened in December, is at 1656 S. Volusia Ave. The building also houses a small business incubation center and a satellite office for the Small Business Development Center at Daytona State College. The chamber’s incubation center recently welcomed its first tenant: Agility Accounting LLC, which is run by Michael G. Wright, a certified public accountant who decided to go into business for himself on a fulltime basis after being laid off in November from his job as chief accountant for Seminole Precast Manufacturing in DeBary. Wright lives in Orange City. ■ Clayton Park can be reached at [email protected] or at 386-681-2470. PDFA-0000784449 Trust the people you know. Welcome back to the way banking used to be. Fast, Local Decisions • Personal and Business Accounts Savings and Investments • Mortgages • Business Loans and more 3615 Clyde Morris Boulevard, Port Orange Standing: Mark Bowling, Chad Bowling, Kathy Hughes, Mark Chastain, Amber Hawkins, Jim Bange Seated: Vanessa Mazza, Matasha Duke, Chris Thomas www.reunionbank.com (386) 868-0068 8 February 2, 2009 Volusia/Flagler Business Report Briefs Canadian manufacturer to open Ormond location Shopping center fetches $20 million Ormond Towne Square, a Publix grocery store-anchored neighborhood shopping center located at 1458 W. Granada Blvd., in Ormond Beach, was recently sold for $20 million to The Jaffe Corp., a locally owned real estate investment and development company. The sale closed on Jan. 15. The seller was Beachwood, Ohiobased Developers Diversified Realty, a publicly traded real estate investment trust that paid $16.6 million to acquire the 234,045-square-foot shopping center in 1994, according to county records. Other tenants at Ormond Town Square include Bealls, Ross Dress for Less, Dollar Tree, GNC, Hallmark Gold Crown and Jackson Hewitt. Led by president Richard Jaffe, The Jaffe Corp. is based in Ormond Beach and also has offices in Boston. The company develops and owns restaurant and shopping center properties in Florida and New England. Jaffe Corp.’s local holdings include The Ormond Towne Square Trails shopping center in Ormond Beach, which it purchased in 1998 and then renovated, and The Shoppes at Beville Road in Daytona Beach, which it built in 1986. Both shopping centers are anchored by Publix grocery stores. Jaffe is active in the community, currently serving on the board of directors for the Ormond Beach Chamber of Commerce. Commercial real estate brokers Michael Cleeman and Rick Kaiser of Cohen and Company represented both the buyer and seller in the sale of Ormond Towne Square. Cleeman said Ormond Towne Square is 95 percent occupied and was only on the market a “few days” before the seller received the offer from The Jaffe Corp. Jaffe “knew that the property would be a good fit for his portfolio. It was a very good deal for everyone.” A Canadian manufacturer of seats for custom motorcycles and after-market seats for production motorcycles plans to open a retail store/warehouse facility in Ormond Beach that could potentially be expanded down the road to include a small manufacturing plant. Ultimate Seat Company of Toronto plans to open the facility at the Destination Daytona complex on US Highway 1, just west of Interstate 95, in late February, just in time for the start of Bike Week, the company’s president, Des Hockey, told the News-Journal. The Volusia County Council in December approved a performance-based tax refund incentive that leverages a total of $45,000 from the state in support of the company’s goal of creating a minimum of 15 new jobs in the greater Ormond Beach area. Ormond businessman named industry association officer Jim Tobin, president and owner of AccuMobile Storage Inc. in Ormond Beach, was recently elected to serve See BRIEFS p. 11 0000784453 PDFA-0000784377 Your business is no small matter. Neither is your business banking. As banks continue to tighten commercial lending criteria, SBA 504 & 7A loans are becoming increasingly important. SBA 504 & 7A loans are focused on facilitating regional economic growth and creating new jobs. Innovative Business Banking Looking for improving cash flow and reducing future loan cost? 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Contact us today for quality business protection from Auto-Owners Insurance Company. We’ll take care of your business insurance, while you take care of business! The “No Problem” People ® • Group Health • Risk Management • Employee Leasing • Garage Liability Ormond Beach (386) 677-4787 Palm Coast (386) 446-3426 www.EastCoastInsurors.com President of East East Coast Insurors Insurors is a certified certifiedWorkComp WorkComp Advisor. Advisor. Ormond Beach (386) 677-4787 • Palm Coast (386) 446-3426 www.EastCoastInsurors.com 10 February 2, 2009 Volusia/Flagler Business Report Home, temporary home New business offers furnished office units for rent on short-term basis in Palm Coast By Chris Anderson Business Report Staff S arah Bates spent the better part of 2008 preparing for the opening of the new Fairfield Inn & Suites hotel on Old Kings Road in Palm Coast, which opened in late December. Although Bates, the hotel’s general manager, spent the entire summer operating out of her home and car, she realized she needed a temporary office for the final months leading up to the hotel’s opening. “I needed a physical office. I needed a professional place to meet with vendors and hold job interviews,” Bates said. Bates found what she was looking for in Office Divvy, a recently launched business in Palm Coast that offers furnished office spaces available for rent on a short-term basis. Customers pay on a monthly basis for as little as five hours of office-time per Photo: David Massey Sim Taing, Lisa Ekinci and Kayhan Ekinci are owners of Office Divvy, a new business in Palm Coast that offers furnished office spaces for rent on a short-term basis. month to as much as 40 hours. Office Divvy is located in an office suite at West Point Plaza on Palm Coast Parkway. 0000784710 What if your coverage exceeded your expectations? Jo Anne Sturdevant CPCU, CIC, President 386-322-6046 We have a portfolio especially for you. Zurich's suite of insurance solutions for small businesses is designed to be just what you're looking for. We offer innovative property, general liability and umbrella policies, with the ability to combine these along with commercial auto and workers' compensation in most states. To help you 927 Beville Rd., Ste 107 South Daytona limit loss costs, we provide online resources, such as virtual consulting, which helps you identify and control your exposure to risk. Because we strive for better solutions, our customers can feel more protected. www.zurichna.com Coverages underwritten by member companies of Zurich in North America, including Zurich American Insurance Company. Certain coverages not available in all states. Some coverages may be written on a nonadmitted basis through surplus lines brokers. The company offers three individual office spaces. Each is furnished with a desk, chairs and a computer. The walls of the offices are decorated with artwork. There also is a furnished conference room, presentation room, and lobby with a full-time receptionist. Clients can also sign up to receive mail at Office Divvy via a private mailbox. A separately owned business that offers a similar service can be found in Volusia County: Cornerstone Executive Suites on LPGA Boulevard in Daytona Beach. Office Divvy is the brainchild of business partners Lisa Ekinci, her husband Kayhan Ekinci, and Sim Taing. Lisa Ekinci’s background is mostly as a business consultant in New York City for many years. Kayhan Ekinci, a native and resident of Turkey until moving to New York City in 1993, worked as the general manager for a New Jersey-based travel package operator for several years. Desiring a change in pace, the Ekincis PDFA-0000784448 Volusia/Flagler Business Report February 2, 2009 11 PDFA-0000784736 moved to Palm Coast in July 2004. Lisa remains an independent consultant for several New York City-based companies, while Kayhan has stayed on with the travel package operator as a consultant. The pair met Taing at The Humidor, a cigar shop he owns at the European Village on Palm Harbor Parkway in Palm Coast. Taing began his career as a consultant for accounting and auditing firms in Connecticut, before taking a job as a project manager for Broad Vision, a Redwood City, Calif.-based company that creates Web applications. Taing moved to Palm Coast in 2005 and remains with Broad Vision today as a sales executive. The trio formed Office Divvy last March. “The three of us all work from home, but sometimes we wish we had a physical office to go to every now and then when we need it. We knew there had to be plenty of other professionals in the Palm Coast area who felt the same way,” said Lisa Ekinci. Today, Office Divvy has 28 clients. Its clients include attorneys, accountants, financial advisers, real estate brokers, franchise owners, and construction companies, On the Net: www.officedivvy.com among others. “It’s catching on,” Kayhan Ekinci said. “We definitely entered the market at a go o d t i m e . S e ve ra l b u s i n e s s e s a re downsizing and might be looking for a service like this.” Office Divvy plans to double the size of its rentable office space by the third quarter. Taing, who owns the 1,000-square-foot office suite, also owns a same-size suite next door. The partners also plan to open a second location in the Town Center in Palm Coast by the end of the fourth quarter or by early next year. Bates, who rented office space for a couple of hours a day over the course of three months, said, “It was wonderful. It was exactly what I needed. It helped me accomplish my goals, as well as make my visitors feel comfortable.” ■ Chris Anderson can be reached at [email protected] or 386-681-2224. BRIEFS from p. 8 as national secretary for the board of directors of the Mobile Self Storage Association. Based in Alexandria, Va., the MSSA is an industry group that represents 60 independently owned and operated mobile (pickup and delivery) storage operators throughTobin out the country. Tobin is also active in the local community. He currently serves as president-elect of the Daytona Beach Leadership Council, treasurer of the local chapter for the American Cancer Society and immediate-past-president of the Gator Club. Tobin founded his business, AccuMobile Storage, in 2002. The company, at 503 S. Nova Road, employs three people. Hospital names new foundation director Florida Hospital DeLand on Jan. 20 announced the appointment of Jennifer Lyons as the new director of the hospital’s foundation. Lyons was previously the hospital’s director of Cardiopulmonary, Cath & IR, Rehab, Sleep Disorders and Diabetes. In her new role, she will be responsible for promoting awareness, building relationships and identifying and development opportunities for financial support of the hospital and its efforts, according to a press release issued by the hospital. She Lyons is a DeLand resident. New managing broker for Watson Realty in New Smyrna Patsy Bradley was recently appointed managing broker of the Watson Realty office in New Smyrna Beach, following the retirement on Jan. 6 of long-time manager Glenis Rogers, who led the office for 24 years. Bradley has been an agent with the office since 1998 and served four years as sales manager. In her Bradley new role, Bradley oversees 31 agents and two support staffers. ■ Flagler Auditorium, Flagler County's Performing Arts Center ! Become a Patron Today ! CIRQUE ODYSSEY ~ Cirque Show 1/10/09 Sat., 7:30 pm US AIR FORCE RESERVE CONCERT BAND 1/22& 23/09 Thu., 7:30 pm FREE Tickets avail 12/13/08 9am, First Come, First Serve. Limit 4 CORNELL GUNTER'S COASTERS & BILL HALEY’S COMETS ~ 50’s rock 1/24/09 Sat., 7:30 pm DANCE ALIVE ~ AMERICA DANCES 2/6/09 Fri., 7:30 pm BYE, BYE BIRDIE ~ National Broadway Tour 2/11/09 Wed., 7:30 pm AUDITORIUM VALENTINE PATRON GALA 2/14/09 Sat., 6:00 pm I Love Showbiz Fundraiser, Pine Lakes Country Club - Ticket Required. HOTEL CALIFORNIA ~ Eagles Tribute 2/20/09 Fri., 7:30 pm DUBLINS TRADITIONAL CABARET ~ Comedy 3/12/09 Thu., 7:30 pm STEP CREW ~ Dance & Fiddle 3/26/09 Thu., 7:30 pm IN THE MOOD ~ 1940’s musical revue of song & dance 4/4/09 Sat., 7:30 pm THE PAJAMA GAME ~ National Broadway Tour 4/13/09 Mon., 7:30 pm THE TEN TENORS ~ All new show 4/30/09 Thu., 7:30 pm GALLAGHER 5/30/09 Sat., 7:30 pm Sponsored in part by the State of Florida, Department of State, Division of Cultural Affairs, the Florida Arts Council and the National Endowment for the Arts 5500 East Hwy 100 • Palm Coast, FL Across from FC Airport 386.437.7547 Toll Free 1.866.FLAGLER TICKETS: www.flaglerauditorium.org Group Rates Available • No refunds or exchanges. 12 February 2, 2009 Volusia/Flagler Business Report Business Scene Beach Street Courtyard dedication draws 250+ crowd Business Report Staff M ore than 250 people, including city officials, Realtors and prospective buyers, attended a ribbon-cutting ceremony on Jan. 9 to mark the opening of the Beach Street Courtyard luxury loft condominiums and retail center at 128 S. Beach St., in downtown Daytona Beach. Chadwick Real Estate Group is the project’s developer. Robert Abraham, chairman of the city’s Downtown-Ballough Road Redevelopment Area Board, and City Commissioner Sheila McKay-Vaughan did the ribbon-cutting honors and welcomed those attending the festivities, which included cocktails, hors de oeuvres, music and self-guided tours. McKay-Vaughan said the project – 12 lux- Photo Courtesy of VP Photography Shown left to right: Aswin Suri of Exit Realty Central; Robert Abraham, chairman of the DowntownBallough Rd. Redevelopment Board; Sheila McKay-Vaughn, Daytona Beach city commissioner and Community Development Agency member; developers Richard Friedman and Brooks Kellogg of Chadwick Real Estate Group. ury condos atop more than 8,000 square feet of retail space – is something she’d like to see 0000784447 Builders of fine Commercial & Residential Properties Award Winning Team ▼ Design/Build ▼ Commercial & Industrial Construction ▼ Planning Development ▼ New Construction ▼ Residential Construction An established name in the building industry, the Vanacore family has been involved in construction business in Volusia and Flagler Counties since 1958. Founded in 1990 by Scott and Todd Vanacore, Vanacore Construction has constructed nearly one million square feet of prime commercial properties and over one thousand area homes. Thinking about your next project? Give Scott and Todd Vanacore a call – they’d love to submit a bid and show you what they’re best known for… Vanacore saves time and money. Vanacore delivers. Scott and Todd Vanacore Planners | Builders | Developers CBC058991 Scott and Todd Vanacore, owners Office: 386.672.8285 • Cell: 386.547.4373 more of in downtown Daytona Beach. “We [city officials] tried for 15 years to make this a commercial community and it just didn’t work,” stated McKay-Vaughan in a press release. “So, instead of building new skyscrapers, we add a couple of floors across from a beautiful park and hope that families will come here to live and shop.” Aswin Suri of Exit Realty Central, the project’s marketing agent, said Beach Street Courtyard, with its intimate setting and close proximity to restaurants, shops, theaters and other event venues, is designed to appeal to both retirees and young professionals. “We recently marketed mainly to young professionals who now might be living in areas like Winter Park,” said Suri. “But, we’re finding that the lofts are just as appealing to retirees and second home buyers who would like to be within walking distance of downtown activities.” The one- and two-bedroom lofts – which include garage parking, elevators, terraces and river views – range in size from 1,304 to 2,135 square feet of living space. The townhomes range in price from $399,000 to $599,000. See BizScene p.22 PDFA-0000784454 Volusia/Flagler Business Report February 2, 2009 13 People on the Move Chalifour Webster Banking/Finance James Moore & Co. in Daytona Beach has promoted Zach Chalifour from staff accountant to semi-senior accountant. The company also recently promoted Jennifer Webster from office network administrator to office manager. Healthcare Florida Hospital DeLand has hired one Piazza Bautista employee and promoted another: Joel Bautista, M.D., has joined the hospital as a general surgeon. In addition to joining the hospital, Bautista has opened a private medical practice at Victoria Park Village Center in DeLand. He previously worked as a general surgeon for a hospital system in Missouri. Jill Piazza has been promoted from rehabilitative services manager to rehabilitative and orthopedic services director. Gardinal Real Estate RE/MAX Oceanside in Flagler Beach announced recently that two of its agents have Millhollin earned the title of accredited buyer representative, a designation given by the National Association of Realtors: Annette Gardinal and Jimmy Millhollin. Both are broker associates. ■ How to submit items: The Business Report welcomes submissions of announcements about your company’s recent new hires, staff promotions and industry and/or community awards. E-mail announcements and photographs (individual headshots only; 300 dpi preferred) to [email protected]. People on the Move announcements should include name and new title of the person, the company’s name, and the city where that person works or will work. Please include the person’s previous company and title. 0000784379 CLARK PROPERTIES Clark Properties 386.763.2280 ClarkProperties.net All Aboard Storage 386.254.8100 AllAboardStorage.com Sunshine Park Mall 386.756.8700 SunshineParkMall.com Tavern and Chapel in the Gardens 386.763.2285 TavernAndChapel.com Seaside Luxury Rentals 386.763.2285 SeasideLuxuryRentals.com Maplewood and Treasure Isle Estates 386.562.6836 MaplewoodEstates.net Regency Office Center 386.756.8700 Century Plaza 386.756.8700 Port Orange Flea Market 386.523.7749 0000784765 • Design/Build • Preconstruction Planning • Commercial • Custom Residential Clark Properties has been providing the largest, most diverse selection of rental properties at the best value in Volusia County for over 50 years. Since founding the company in 1952, Doug Clark has worked with his son, Andy Clark, to provide distinctive construction and property management solutions. Today, Clark Properties and the Clark Family is proud to offer its customers twelve convenient All Aboard Storage locations; a beautiful events venue, Tavern and Chapel in the Garden; flexible commercial space for area businesses at the Sunshine Park Mall and Commonwealth and Regency Plazas; Doug & Andy Clark two amenities-rich retirement communities, Maplewood Estates and Treasure Isle; luxury beach houses and a variety of residential properties. • New Construction • Renovation of existing buildings • Minor and major interior remodels Building Long Term Relationships Now Also Providing Quality,Custom Residential Construction For information on available properties & rentals visit our website at C l a r k P r o p e r t i e s . n e t Gary Roberts President CGC 059441 624 N.Wild Olive Ave. Daytona Beach, FL 32118 email:[email protected] www.commercialconstructiondaytona.com Office: 386.238.1570 Fax: 386.238.1571 • Cell: 386.566.0696 14 February 2, 2009 Volusia/Flagler Business Report PDFA-0000784709 Focus: Commercial Real Estate The France family’s other project Construction underway for first of planned multi-building complex on Halifax River By Chris Anderson Business Report Staff N ASCAR’s France family is planning to develop a large mixed-use riverfront project in Daytona Beach, the Business Report has learned. The France family has plans to build a 200,000-square-foot multi-building office/residential/marina complex along the Halifax River on Ballough Road, just south of the Oakridge Boulevard Bridge, according to a source close to the situation. The France family plans to build a fivestory office building, 13-story luxury condominium high-rise, a separate office building that will be reserved for private use by the family, and a marina on the 12-acre chunk of land it owns between Sunset Harbor Yacht Club and Caribbean Jacks Restaurant & Marina, according to the source. The family is developing the project under the name White River Investment LP, according to Volusia County property records. The property records list White River Investment’s address as 1801 W. International Speedway Blvd., Daytona Beach – the same address as International Speedway Corp. and Daytona International Speedway. ISC is currently involved as a joint-development partner with Baltimore-based The Cordish Companies in developing a highprofile mixed-use complex called Daytona Live!, on International Speedway Boulevard, across the street from Daytona International Speedway. The first of several planned buildings for the $437 million Daytona Live! project is currently under construction: an eight-story office building that will become the future headquarters for ISC, NASCAR and Grand-American Racing. Future phases will add 200,000 square feet of restaurants, retail Your #1 Source for: ● Affordable Printing ● Graphic Design ● Marketing ● Direct Mail Call us at (386) 271-6500 or visit us online at: www.digitalpressonline.com Rendering courtesy City of Daytona Beach This architect’s rendering shows a proposed five-story, 26,855-square-foot office building the France family plans to build on Ballough Road in Daytona Beach. The building would be part of a proposed 200,000-square-foot mixed-use complex. Volusia/Flagler Business Report February 2, 2009 15 PDFA-0000784371 Photo: Chris Anderson Construction is already well under way for the office building. shops and live entertainment venues, a 14- France, Lesa France Kennedy, and Betty Jane screen movie theater, a 160-room hotel, and France, widow of Bill France Jr., the former 450 residential units. ISC is a publicly traded NASCAR chairman who died in June 2007 at company led by members of the France fami- age 74. The remainder of the building will either ly, including Jim France, chairman, and his be leased or sold out to businesses, accordniece Lesa France Kennedy, president. County records show the France family ing to the source. The family also plans to develop a 13has owned the undeveloped property on story condo tower Ballough Road for featuring multiple several years. . lvd ze B Atlantic Halifax bree 5,000-square-foot The France a e Ocean S River vd. e Bl units. family plans to deridg Sunset Harbor Oak A1A Yacht Club In 2006, Sunset velop their proSic France kler Dr. Harbor Yacht Club posed riverfront family . Ave owner Hugh Upproject in phases, project son Ma ton sought apbeginning with the et Caribbean Stre n Jacks i proval from the city five-story, 26,855Ma to build a 21-story square-foot office condo building on building, accord. e . a five-acre parcel ing to the source. v A Halifax lvd iew ay B River airv edw F e p he owns directly Construction S al Manatee Island south of the yacht began on the club, immediately office building in 1 " 92 adjacent to the October and " France family’s should be comMap graphic: John Klipfel riverfront property. pleted by the end Upton dropped his of this year, said Harold Goodemote, vice president of Cole- plan after the France family raised man Goodemote Construction Inc. in Day- objections to his project, saying it wouldn’t be beneficial to the area. tona Beach. After hearing about the France family’s Coleman Goodemote Construction is the project’s general contractor. Ormond plans to develop a large project on their Beach architect Benjamin Butera is the property that would include a 13-story condo tower, Upton said, “I’m surprised to hear project’s designer. The office building is being built at the about the condo, but I’m really excited and happy about the construction. It’s great that north end of the France family property. Upon the office building’s completion, a the Frances are investing in this area.” Upton said he has “no plans at the mofew members of the France family will temporarily use the building’s top floor until ment” for developing his parcel, but added: the France family’s private office building is “Something nice will be there someday.” It isn’t clear whether the France family’s built on the property at a later date, the source said. See FRANCE p. 21 Those family members include Jim p r o g r a m ! ve. ic A t tlan S. A ve. ax A alif N. H St. Rd. ugh Ballo h eac N. B Inte rna tio n . Ave la nsu eni S. P d woo idge N. R Dr. HammockBeach.com Choose a Pass for Signature Golf, Rejuvenating Spa & Salon, Outstanding Food & Beverage or a Convenient Marina Slip Rental Call 888-252-6294 today to purchase your pass to ultimate enjoyment! © 2009 Ginn Hospitality, LLC. All Rights Reserved. Ginn Hammock Beach Resort and the Ginn Hammock Beach Resort logo are the property of Northshore Ocean Hammock Investment Ltd., LLLP. All other trademarks are the property of their respective owners. 16 February 2, 2009 Volusia/Flagler Business Report Focus: Commercial Real Estate Status uncertain Company puts site for future HQ up for sale, while still shopping existing site A n Ormond Beach-based beverage distributor may be backing out of plans to move to a new facility on the north end of town. S.R. Perrott — currently at 4 Perrott Drive, on the north side of Granada Boulevard, just west of US Highway 1 — recently decided to put up for sale a vacant parcel it owns four miles to the north where it planned to build its future headquarters. Company officials did not return calls seeking comment on whether this means that plans to build the proposed 130,000square-foot building on US Highway 1, just west of Hull Road, have been scrapped. The proposed building, which would be near the plant for suncare products maker Hawaiian Tropic, was originally slated to begin construction this year and would have been nearly twice the size of S.R. Perrott’s present facilities. The asking price for the vacant 13.5-acre parcel is $3.95 million. S.R. Perrott paid $1.9 Chris Anderson Real Estate Roundup million to acquire the property in 2005 from Tomoka Holdings, according to county records. The company, which already had its current building up for sale in anticipation of moving to the new digs, continues to market its existing location with an asking price of $7.25 million. The listing agent for S.R. Perrott’s current building and property is Ty Wilson of TW Realty in Ormond Beach. The Business Report was unable to contact Wilson for comment. With both its present location and its would-have-been future home now up for sale, is the company trying to see which Photo: Chris Anderson The property where S.R. Perrott planned to build its future headquarters is now up for sale. would have a better chance of fetching a buyer before deciding whether to move or stay put? One local observer believes that might be exactly what’s happening. The observer, Erik Poole, an associate commercial real estate broker with CB Richard Ellis in Orlando, said it will be tough for S.R. Perrott to sell its vacant parcel at the asking price it is seeking, but added it might have a better chance of selling than the company’s existing location. 0000784706 PDFA-0000784703 PROVIDING COMMERCIAL ACCOUNTING SERVICES Mark S. Topol & Co. Certified Public Accountants, P.A. Mark S. Topol, C.P.A. “Your Satisfaction Is Our Success” 1515 Herbert St., Unit 207 • Port Orange, FL 32129 Ph: 386.761.7841 • Fax: 386.760.8726 Email: [email protected] Transported from the renaissance era, Roma Court features dining, shopping, medical and office space. Palm Coasts premier retail boutique and restaurant mall has two-levels, for mixed use, with outdoor space and covered parking . Lease & purchase options available. call: Cyd Weeks 386.793.7302 0000784711 PRIME COMMERCIAL SPACE AVAILABLE MBA Business Center • US Highway 1 • Ormond Beach Lease/Owner Financing Available RETAIL / OFFICE ready-to-use offices in Palm Coast Staffed | Wired | Equipped | Furnished from $99 /month all inclusive! — ALSO AVAILABLE — Oak Centre Business Park Warehouses Dock High & Ground Level Office Suites in Port Orange Light Industrial Warehouses and Office Suites in Ormond Beach Ormond Business Center Call Jeanette Gagnon 386.299.7055 West Point Plaza, 389 Palm Coast Pkwy SW, Suite. 4, Palm Coast, FL 32137 (386) 445-4153 | [email protected] | www.OfficeDivvy.com Volusia/Flagler Business Report February 2, 2009 17 “Right now, given the market, unless you bought at a really good price and held onto it for several years, it will be hard to sell raw land and expect to get much in return,” said Poole, who specializes in the Volusia-Flagler area commercial real estate market. S.R. Perrott was founded in 1962 by Samuel Perrott. Today, the company is led by Perrott’s daughter, Michele Connors. The company distributes nearly three million cases of Millers, Coors, and imported beer to retailers in northeast-central Florida. Among the company’s clients are local Publix supermarket stores and ABC Fine Wine & Spirits locations. S.R. Perrott employs about 135 workers, making it one of the area’s largest family-owned businesses. Short takes: Palm Coast medical office building — A North Carolina developer will soon begin building a medical office building in Palm Coast. Cary, N.C.-based Oaks Development Group is building a two-story, 20,400square-foot building across the street from Florida Hospital Flagler, off State Road 100, just east of Seminole Woods Boulevard. Rendering courtesy Oaks Development Group Architect’s sketch of the proposed medical office building in Palm Coast. Construction is slated to begin in March, and is expected to be completed by the end of the year, said Charles Barker, a partner in Oaks Development. MJ Harris Construction of Maitland has been hired as the project’s general contractor, while Thomas Miller & Partners of Brentwood, Tenn. has been tapped as the project’s architect. The company initially planned to start construction late last summer and open the facility before the end of the first quarter of this year, but it “ran into a few problems with the city with easement issues and other site plan details,” Barker said. The estimated cost to build the medical office building is $7.5 million. Oaks Development paid $2 million in It’s not where you bank… it’s who you bank with. January of last year to acquire the 1.13-acre parcel from Seminole 100 Developers Inc., according to Flagler County property records. The company chose Palm Coast as the site for its planned medical office building because of the area’s appeal and growth, said Charlie Hughes, Oaks Development’s project manager, referring to the fact that Flagler County led the naHughes tion in percentage of population growth for several years during the housing boom. The close proximity of the project site to the Florida Hospital Flagler campus is also a big plus, he said. Oaks Development already has sold fractional ownership shares for spaces in the planned building to several businesses, including a dentist, pediatrician, and a physician’s lab. To date, approximately half of the available spaces in the building have been snapped up by future tenants, Hughes said. The company offers what it describes as “a hybrid ownership structure” at its development properties in which tenants buy their spaces and essentially lease them to themselves at an average cost of $26 a square foot. A single-purpose limited liability corporation is established for the building. Tenants buy fractional ownership stakes in the building, which is divided based on how much space each tenant occupies. Oaks Development will retain a 25 percent ownership stake in the property. The company has developed more than 35 commercial buildings, mostly medical and professional buildings, in North Carolina, South Carolina, Florida, Texas, Georgia, Illinois, and Massachusetts. ••• See ROUNDUP p. 21 0000784374 0000784691 BUILDING YOUR BUSINESS IS OUR BUSINESS SPECIALIZING IN: Friends today. Friends for life. For Commercial Lending Needs Call Pete Klironomos or Sandra Kellogg • • • • • Commercial Projects Owner Occupied/Investment Commercial Lot Financing Builder Lines of Credit Commercial Mortgages – Lines of Credit 2222 SR44 New Smyrna Beach 208 S. Nova Rd. Ormond Beach • Warehouse/Industrial • Retail/Office Space • Restaurants/Salons • Medical/Dental • Tilt Wall Construction/Steel Buildings • New Commercial/Tenant Improvements Hands-On Supervision • Attention to Detail Project Completion On Time, On Budget Paul Traider Owner 1504 S. Ridgewood Ave. Edgewater 386.428.2299 386.671.9409 386.424.9669 w w w. f r i e n d s b a n k . c o m 925 Beville Road, Suite 1 Tom Arnold Owner South Daytona FL 32119 386.767.0055 • Fax 386.767.3720 CBC057676 18 February 2, 2009 Volusia/Flagler Business Report Focus: Commercial Real Estate Big break for Gateway? Developers of stalled mixed-use project get verbal commitment from hotel chain By Chris Anderson Business Report Staff T Architect’s rendering of the proposed Gateway Daytona project. he developers of a stalled hotel/condo/marina development in Daytona Beach, who recently received an 18-month extension of the building permits for the project, may have finally gotten the big break they were waiting for. An official with the project’s developer, Fort Lauderdale-based Blue Water, said his group recently received a verbal commitment from a major hotel chain, which has agreed to operate a full-service hotel at the proposed $200 million Gateway Daytona project. The agreement, which was made in early January, “means we are halfway there” to making the project a reality, said Mike O’Leary, a partner in Blue Water. “Now, we have to get the Rendering courtesy Blue Water funding (for the project).” O’Leary declined to identify the hotel chain, but described it as a “flag hotel,” meaning that it is a major brand name. Blue Water has been working to develop its Gateway Daytona project since early 2007. The project calls for the development of a 16-story, 300-room hotel, a 16-unit condominium complex, and 153-slip marina on a 5.5-acre parcel along the Halifax River. The site is near the northwest corner of the International Speedway Boulevard/South Halifax Avenue intersection. On Jan. 7, the city commission granted the developers’ request for an extension of the deadline for beginning construction of the Gateway Daytona project, which if it had not been extended would most likely have 0000784805 0000784450 Our Reputation Is Building. Prime Professional Space PARK PLAZA Commercial • Residential • Renovations • Restorations • Remodeling Call us for your next project. CONSTRUCTION CO., INC. 386-673-0802 533 N. Nova Rd. • • • • • • • Located 0.2 Miles North of Trails Shopping Center Suites from 185 sf to 3000 sf Easy Access/Great Parking Wi-Fi Ready Conference Room Security On-Site $ 12 – $18 sf including CAM Broker Protected www.ParkPlazaOrmond.com Contact Mary Jamidar • Office: 386.672.6590 Email: [email protected] Volusia/Flagler Business Report February 2, 2009 19 resulted in the expiration of the building permits for the project. The reprieve came shortly after Blue Water received the verbal agreement from the hotel chain, which should greatly aid the developers’ efforts to secure the financing needed to complete the project. Local observer Gary Brown, owner of the Sun Viking Lodge hotel in Daytona Beach, speculated that the mystery hotel chain could be Marriott, since the Washington, D.C.-based chain doesn’t have a fullservice hotel in Volusia County. “Marriott also likes to have waterfront resorts,” he said. The only Marriott hotel in the county is a Courtyard by Marriott, located off of International Speedway Boulevard in Daytona Beach. The nearest full-service the Business Report say the Gateway project has the potential to change the face of the greater Daytona area’s beachside area. “From an aesthetic and development standpoint, the project would be a tremendous thing for the city,” said Charles Lichtig- “We’re very excited about the project. It’s in a great location. Daytona Beach has a great future.” Mike O’Leary, a partner in Blue Water. al on ! tern at E. In " d woo dge City Island A1A Dr. i N. R St. Halifax River 92 la nsu eni S. P h eac N. B . Ave 1 " Atlantic Ocean i lvd. ay B ed w Spe ve. ic A Manatee Island t tlan S. A Planned riverfront hotel and marina ve. ax A alif S. H reet n St Mai Silver Beach Ave. ve. eA ang . Or E Map graphic: John Klipfel Marriott hotel is in Lake Mary. Since its inception in 2004, Blue Water has developed projects similar to the one planned here in Fort Lauderdale, Deerfield Beach and Fort Pierce. In addition to O’Leary, Blue Water’s other partners are Kash Patel, Damaso Saabedra and Philip Schuman. “We’re very excited about the project. It’s in a great location. Daytona Beach has a great future,” said O’Leary. Local businesspeople who spoke with man, chairman and chief executive officer of Charles Wayne Properties in Daytona Beach. “It could really spark other development.” Dwight Selby, owner of Selby Realty in Ormond Beach, echoed Lichtigman’s thoughts: “It’s a great project in a great location. If you go anywhere in the state, you’ll see a building similar to the one planned here that is the premiere facility on the main drag of that area. We need something like that here.” “That sort of project is long overdue,” said Claude Gardner, managing partner of Prudential CRES Real Estate in Daytona Beach. “We currently have an appalling way of welcoming visitors beachside. I think this project would be a catalyst to a renaissance.” Claire Hunter of Claire Hunter Realty in Ormond Beach, said, “It could be a viable project that would bring some light to the downtown area. This project would be a step in the right direction.” That’s not to say the coast is now clear for the project, even if the hotel chain does sign on as a tenant. Hunter said she’s concerned about Blue Water being able to sell the project’s 16 condo units. “It would take some time to sell them because there are so many empty condos in the area.” Lichtigman echoed those comments. “Things are so uncertain with condos and hotels right now,” he said. “It’s just not a guarantee that (the planned condo units) would sell.” Selby wondered if the project would get financed. “Only time will tell,” he said. ■ Chris Anderson can be reached at [email protected] or 386-681-2224. PDFA-0000784693 0000784696 Coming Soon Medical/Professional 20,000 sq ft at Pinnacles Park near Flagler Hospital INDOOR COMFORT SPECIALIST ned ily O w r s m a F Yea to b e P r o u d r a te d fo r 3 0 & O pe • Commercial and Residential • Duct Cleaning / Repairs • We Service All Brands • 24 Hour Emergency Service • Free Second Opinions • Repairs / Sales on All Brands • 100% Satisfaction Guarantee Medical/Professional Real Estate Ownership Groups 1 (866) 676-7453 www.oaksdevelopment.net Palm Coast 386-445-5023 Volusia St. Augustine 386-258-5032 904-797-5026 www.mikemorello.com Florida State License #CAC014293 20 February 2, 2009 Commercial Real Estate Firms Volusia/Flagler Business Report Upcoming lists: Ranked by by totaltotal value value of properties sold & leasedsold in 2008 Ranked of properties & leased in 2008 ■ Jan. 16 Law Firms ■ Mar. 2 Managed Care Providers ■ Mar. 16 Residential Real Estate Companies For more information call: 386-681-2457 Commercial Real Estate Firm Top Local Executive Address, Phone and Web site No. Properties Sold/Leased Value of Properties Sold/Leased 1 Charles Wayne Properties, Inc. Charles S. Lichtigman 444 Seabreeze Blvd., Suite 1000 Daytona Beach, 32118 (386) 238-3600 www.charleswayne.com 118 $90,873,648 2 Prudential CRES Commercial Real Estate Claude Gardner 120 S. Palmetto Ave. Daytona Beach, 32114 (386) 253-8565 www.daytonacommercialrealestate.com 175 $56,479,040 3 Coldwell Bank AI Group John Wannamaker 1019 Town Center Dr. Ste 200 Orange City, 32763 (386) 775-8833 www.cbcaigroup.com 34 $29,813,452 4 Selby Realty Inc. Dwight C. Selby 200 E. Granada Blvd., Suite 200 Ormond Beach, 32176 (386) 238-4456 www.selbyrealty.com 25 $25,504,000 5 The Baumgartner Company Roger Baumgartner 101 N. Woodland Blvd., suite 100 DeLand, 32720 (386) 734-1665 www.thebaumgartnerco.com 17 $12,100,000 6 Martin Daytona Realty Robert Martin 1440 N. Nova Road, Ste. 301 Daytona Beach, 32117 (386) 238-5577 www.martindaytonarealty.com 12 $11,000,000 7 Prudential Warren Real Estate Chuck Warren 1 Florida Park Drive South, Suite 1 Palm Coast, 32137 (386) 446-2900 www.prudentialwarren.com 17 $5,030,000 8 Commercial World Inc. Rob Robinson One Hargrove Grade, Suite 1 Palm Coast, 32137 (386) 445-9494 www.commercialworldre.com 25 $5,000,000 9 Ocean Properties Tom Alcorn 3500 S. Atlantic Ave. New Smyrna Beach, 32169 (386) 428-0975 www.oceanprops.com 7 $4,500,000 10 Tri-Square Realty Ron Nowviskie 275 Clyde Morris Blvd., Ormond Beach, 32174 (386) 671-4900 www.trisquarerealty.com 13 $3,340,000 11 Tyler Property Management LLC Steve Tyler 1034 Ridgewood Ave. #1 Holly Hill, FL, 32117 386-255-8585 www.tylerpropertymgmt.com 8 $1,870,000 12 Realty Capital B Bob Lovelace 495 South Nova Road, Suite 101B Ormond Beach, 32174 (386) 673-0280 www.RealtyCapitalFl.com 8 $526,000 13 Commercial Properties of Volusia County Bob Rhein 402 Seabreeze Daytona Beach, 32118 (386) 615-1400 8 $500,000 14 Edwards Realty & Inv., Inc. C Carole Edwards and Johnny Edwards, Owners 320 Sanchez Ave. Ormond Beach, 32174 (386) 672-7773 www.edwardsrealty-motels.com 0 $0 The commercial real estate firms list is ranked by total sales volume of commercial properties sold and leased combined in 2008 in Volusia and Flagler counties. Business Report requested that companies report gross sales counting the list side at full volume and the sale side at full volume if the company was involved in both and that a cobroker deal would count as full volume only once. Only companies that responded to our email survey request for information are included. This list includes companies that sell commercial real estate and have an office in Volusia or Flagler counties. For more information, contact the Business Report via email at [email protected]. B The majority of sales and lease volume for Realty Capital occured outside Volusia/Flagler counties in Orange, Seminole, Osceola and Lake County markets. C Edwards Realty is commercial only, based in Volusia County but sales in 08 were in Orange County, Seminole, and Escambia Counties. Volusia/Flagler Business Report February 2, 2009 21 ROUNDUP from p.17 The France family’s Ballough Road property, as seen from the Halifax River. FRANCE from p.15 plans to build a new marina will result in the demolition of their existing private marina or whether the older marina would be incorporated into the larger project. The source couldn’t provide a timeline for when the family hopes to begin construction of the condo high-rise, private family office building, or marina. Local business leaders applauded the France family’s plans to develop a portion of the Halifax River waterfront, upon learning of the project. Claire Hunter, who owns Claire Hunter Realty in Ormond Beach, said the riverfront Photo: Chris Anderson project is “a very positive move. ... Although it is a very ambitious project, (the Frances) are smart people and will do very well.” Charles Lichtigman, chairman and CEO of Charles Wayne Properties in Daytona Beach, said, “It would be a good thing for the area. … Overall, in recent years, waterfront property has been underutilized. I’m sure the Frances will do a terrific job.” Sheila McKay-Vaughan, a Daytona Beach City Commissioner, called the France family’s plans “exciting.” “I’m definitely in favor of developing that area,” she said. ■ Chris Anderson can be reached at [email protected] or 386-681-2224. Edgewater hospice opens — Halifax Health recently completed the construction of a hospice patient care center in Edgewater. The 17,000-square-foot, 12-bed facility will be operated by Hospice of Volusia/Flagler, which is part of the Halifax Health hospital system. The Southeast Care Center is located at 4140 S. Ridgewood Ave., across the street from the Fran Davis assembly plant for recreational boat maker Boston Whaler. Construction of the $5 million center started last February and finished in November, said Fran Davis, CEO of Hospice of Volusia/Flagler. The center started taking patients in mid-January. Hospice hired MJ Harris Construction of Maitland to build the center. The center employs about 40 people, including 10 registered nurses, seven licensed practical nurses, and nine nursing assistants. Hospice opened a $6 million patient care center on Veterans Memorial Parkway Photo: Chris Anderson This is the inside of the newly-constructed 17,000-square-foot, 12-bed Southeast Care Center in Edgewater. in Orange City in late 2007. The West Volusia Care Center is a 28,000-squarefoot, 18-bed facility. Hospice has three other care centers in Port Orange, New Smyrna Beach, and Palm Coast. ■ Chris Anderson can be reached at [email protected] or 386-681-2224. 0000784455 0000784705 INVESTMENT PROPERTY FOR SALE & Oceanside Golf Country Club The 2729 E. Moody Blvd., Bunnell, Flagler County • Seven Building Complex • 25,200 SF Professional Lease Space • 13,200 SF Leasable Storage Units (3,200 Under Air) • Located 3 Miles from I-95 & 1 Mile from the Palm Coast Town Center on Moody Blvd./Hwy 100 MARKETING CONTACTS: Danette Potochick • 386.503.0592 [email protected] Robert Johanson • 386.503.5232 between the Atlantic & the Halifax Established in 1907, the Oceanside Golf & Country Club is an oasis in the heart of Ormond Beach. 18-hole Championship links, golf course, fine dining, tennis, swimming & more. O CC No tee times are a tradition! Club of Distinction For more information, Call Mark Dunn, General Manager (386) 677-7200 ext. 306 75 North Halifax Drive Ormond Beach • www.OCC1907.com 22 February 2, 2009 Volusia/Flagler Business Report What’s your resolve this year? Will you go all out? I t’s another year. Good riddance 2008. This year can’t be much worse. Or can it? The good news is we’re at a point of fresh start, new beginnings. New president. New regime. New ball game. New ideas. New hope. What’s going to be new about you? What “new” are you committed to? One thing is for sure. I’m not waiting to see what happens. I’m taking massive action today. My hope is that my actions match or exceed the economy’s progress. Historically, business reacts faster than government. I don’t know about you, but I want to be on the leading edge, not the waitand-see edge. When the economy begins to return, I want to be right in front of it, not reading about it in the paper, or watching some talking head tell me about it. This is not a resolution; it’s a resolve – and a game plan. Maybe if I tell you what I plan to do, it will inspire you to do more. Below are my objectives for the first 100 days of 2009. Not all will be completed in BIZSCENE from p. 12 Suri said several potential buyers are in the process of being pre-approved by local lenders after more than 100 people toured Beach Street Courtyard at a soft opening in December. He said he expects the remaining units to sell within 90 days. As incentive, Chadwick has reduced the price of each loft by as much as $125,000, will pay the buyers’ closing costs and is offering that timeframe, but all will be implemented and in full motion. • All out sales campaign. Contact every customer we have ever done business with – offer them help, ask them where the most help is needed, and ask them for more business. • All out improvement of customer service. Faster shipping, faster turnaround of training modules, faster response to needs and questions, and memorable recovery for the rare mistakes we make. More proactive customer communications – thank you’s and confirmations are the order of the day. Every day. • All out branding. My writing, my column, my e-zine, my Web site, and all my promotions will reflect the value my customer can relate to, and want more of. • All out relationship building. “Value first” is the key. Consistent communication is the a free membership at nearby Sunset Harbor Yacht Club. Like the developers, Commissioner McKay-Vaughan said she is excited to see Beach Street Courtyard welcome new residents and hopes that developers will create more redevelopment projects like it. “I hope that this is just the beginning of this kind of re-development,” said McKayVaughan. “It’s a really good example of the new urbanism.” ■ Send us your photos The Business Report welcomes submissions of photos from recent business events in the Volusia-Flagler area. E-mail submissions to [email protected] (300 dpi preferred; limit one photo per e-mail). Photos should include a brief description of the event, when and where it was held, the names of those visible in the picture, including their company affiliation and title, and the name of the photographer. Please include your daytime phone number in case we need to contact you for further questions. secret. Increase the value of my Web site and weekly e-zine. • All out internal education with a focus on attitude and trust. In order to offer the best of everything, my team (actually my family) will have to be their best. I have hundreds of hours of sales, customer loyalty, attitude, trust, and personal development training available, and my inside team will be the first to take advantage of it. • All out self-education. More student, less TV. Read more. Study the history of sales and personal development more. Write more philosophical discoveries and understandings. • All out work my hardest. I will complete three books this year. I will give 100 presentations. I will make certain all my content, whether in books or in seminars, is the most relevant, real world, and transferable as I am able to make it. • All out work my best. Own my time. Invest my time. Be more organized and more productive in my early hours of the day. • All out be my best. Increased focus on personal excellence, both at work and at home. MISSION from p. 6 jobs in 10 years is not only possible, but a goal that is well within the community’s ability to achieve if it works together. He’s not the only one. “From the city’s perspective, it (the goal of creating 10,000 jobs) is absolutely do-able and the county agrees,” said Hardy Smith, government relations administrator for the City of Daytona Beach. Smith said Chisholm and Dineen began discussions two-and-a-half years ago about how to tap the potential for economic growth along the ISB corridor. “The ISB corridor … has the opportunity to be a mega-generator of jobs,” said Smith, “but it going to have to have the infrastructure (in place) to do that.” White, in an e-mail to the Business Report, stated that coalition members have Be the best dad, best granddad, best friend, best boss, and best person I can be. The key words are “all out.” This is not a time for waiting. This is a time for DOING. What are you going “all out” to achieve this year? At this time of year, most people write down a few namby-pamby resolutions or goals. Lose 10 pounds, read more books, exercise more, join a health club, keep a clean desk, and other dead-end wishes that will fade in less than a month. Don’t let this be you. Why not add “all out” to whatever you write down so you are determined to take some real action, and commit to an all out effort to achieve for yourself ? Seems pretty simple – challenge yourself to become the best. ■ Jeffrey Gitomer is the author of “The Sales Bible” and “The Little Red Book of Selling.” President of Charlotte, N.C.-based Buy Gitomer, he gives seminars, runs annual sales meetings, and conducts Internet training programs on selling and customer service. He can be reached at [email protected] or at 704-333-1112. started referring to the stretch along ISB, between I-95 and the ocean, as the “Creative Corridor.” “If planned properly, this could be a huge push for the future of Daytona Beach as a ‘healthy city,” wrote White. “When I say healthy, I mean one that has put in the planning to secure (its) future.” White added: “It is important to have as many people at the table as possible to get as much buy in as possible. That will be the only way to succeed with any plan.” McKinney said the coalition’s efforts to work collaboratively “is really just good, effective planning. What’s great about this, is this is not just a feel-good exercise – it’s about taking a leadership position” to make the goal of creating local jobs a reality. ■ Clayton Park can be reached at [email protected] or at 386-681-2470. 0000784375 PDFA-0000784766 The new 5-second rule... Is running your business getting in the way of growing your business? “Can your employees find the closest fire extinguisher in 5 seconds or less?” With all the time you spend on Payroll, Insurance and Taxes, where does "getting the job done" fit it? Advanced Fire Extinguishers & Safety Equipment Contact RMI today to see how our specialized PEO services and team of experts can help you streamline your benefits administration. Call 386.760.7660 Sales, Certification, Recharging, Exit Lights 5889 S. Williamson Blvd., Port Orange Licensed & Insured - License #99192400012008 866.525.4764 rmi-solutions.com Resource Management, Inc. The Small Business PEO with Choices. Volusia/Flagler Business Report February 2, 2009 23 Calendar Upcoming local business events February Friday 6 Daytona Beach/Halifax Area Chamber of Commerce, breakfast meeting, 7:45 a.m. Location TBD. Tuesday 3 Ormond Beach Chamber of Commerce, Expo committee, 1 p.m. at chamber, 165 W. Granada Blvd., Ormond Beach. RSVP: 677-3454. Wednesday 4 Daytona Beach/Halifax Area Chamber of Commerce, power lunch leads group, noon at UNO Chicago Grill, 1798 W. International Speedway Blvd., Daytona Beach. Info: 255-0981, ext. 228. Small Business Development Center, seminar on how to start your own business, 6-9 p.m. at Daytona State College’s Daytona Beach campus, 1200 W. International Speedway Blvd., Daytona Beach, building 110, room 249. Info: 506-4723. Thursday 5 Holly Hill Chamber of Commerce, after-hours, 5 p.m. Location TBD. Cost: $5. RSVP: 255-7311. Small Business Development Center, seminar on how to start your own business, 6-9 p.m. at Daytona State College’s DeLand campus, 1155 CR 4139. Info: 506-4723. Small Business Development Center, work- shop on how to use QuickBooks software, 6-9 p.m. at Daytona State College’s Daytona Beach campus, 1200 W. International Speedway Blvd., Daytona Beach, building 110, room 248. Info: 506-4723. Info: 255-0981, ext. 228. Port Orange/South Daytona Chamber of Commerce, breakfast, 8 a.m. at Port Orange YMCA, 4701 City Center Pkwy., Port Orange. Cost: free to members; nonmembers pay $10. RSVP: 761-1601. sources division meeting, 7:45 a.m. at Daytona Beach International Airport, 700 Catalina Drive, Daytona Beach. Topic: How to effectively handle terminations/layoffs. Cost: $17. RSVP: 673-0505. Daytona State College’s Daytona Beach campus, 1200 W. International Speedway Blvd., Daytona Beach, building 110, room 248. Info: 506-4723. Wednesday 11 on business financing, 6-9 p.m. at Daytona State College’s DeLand campus, 1155 CR 4139. Info: 506-4723. Flagler County Chamber of Commerce, meet- and-greet breakfast, 7:30-9 a.m. at Taste of Portugal, 15A Palm Harbor Village Way, Palm Coast. Speaker: Ned Harper, director the Small Business Development Center. Topic: navigating financial stability. Cost: $7. RSVP: 437-0106. Daytona Beach/Halifax Area Chamber of Commerce, power lunch leads group, noon at UNO Saturday 7 Chicago Grill, 1798 W. International Speedway Blvd., Daytona Beach. Info: 255-0981, ext. 228. Valentine’s Day charity ball, 6-9 p.m. at Brannon Center, 105 S. Riverside Drive, New Smyrna Beach. Proceeds go to Edgewater Fitness Center, Senior Fitness Program, and the Bert Fish Medical Foundation. Cost: $50 per person; $75 per couple. RSVP: 428-3697. Small Business Development Center, seminar Southeast Volusia Chamber of Commerce, Monday 9 Daytona Beach/Halifax Area Chamber of Commerce, power lunch leads group, noon at UNO Chicago Grill, 1798 W. International Speedway Blvd., Daytona Beach. Info: 255-0981, ext. 228. Port Orange/South Daytona Chamber of Commerce, small business council, 4 p.m. at chamber, 3431 S Ridgewood Ave., Port Orange. Info: 761-1601. Tuesday 10 on business financing, 6-9 p.m. at Daytona State College’s Daytona Beach campus, 1200 W. International Speedway Blvd., Daytona Beach, building 110, room 249. Info: 506-4723. Port Orange/South Daytona Chamber of Commerce, business women’s council, noon at chamber, 3431 Ridgewood Ave., Port Orange. Info: 761-1601. Thursday 12 Port Orange/South Daytona Chamber of Commerce, executive board meeting, 8 a.m. at Bob Evans Restaurant, 1711 Dunlawton Ave., Port Orange. Info: 761-1601. Volusia Home Builders Association, 2009 eco- Port Orange/South Daytona Chamber of Commerce, new member reception, 8:30 a.m. at cham- nomic outlook breakfast, 8:30 a.m. at Pelican Bay clubhouse, 350 Pelican Bay Drive, Daytona Beach. Cost: members pay $18.99; non-members pay $28.99. RSVP: 226-1414. Volusia Manufacturers Association, human re- Small Business Development Center, workshop on how to use QuickBooks software, 6-9 p.m. at ber, 3431 Ridgewood Ave., Port Orange. Info: 761-1601. Small Business Development Center, seminar Friday 13 Ormond Beach Chamber of Commerce, breakfast, 7:30 a.m. at Oceanside Country Club, 75 N. Halifax Drive, Ormond Beach. RSVP: 677-3454. Port Orange/South Daytona Chamber of Commerce, economic and government affairs commit- tee, 8 a.m. at chamber, 3431 Ridgewood Ave., Port Orange. Info: 761-1601. Daily Service Corps of Retired Executives (SCORE): free counseling for startup businesses by ap- pointment on Mondays, Wednesdays, and Thursdays; free counseling for existing businesses on Tuesdays. A free twohour workshop is offered Fridays in Daytona Beach, New Smyrna Beach, Orange City, and Palm Coast. Info: 255-6889. Small Business Development Center: offers startup guides, business plan packets, and counseling sessions for entrepreneurs at Daytona State College, 1200 International Speedway Blvd., Daytona Beach, building 110, room 224. Info: 506-4723. ■ How to submit items: E-mail notices of upcoming business events for possible inclusion in the Calendar at least 30 days in advance of the event to [email protected]. Events must be held either in Volusia or Flagler counties and must be of a business nature. 0000784695 0000784692 When it comes to business, it’s not who you know, it’s who knows you. 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Co tate e: Jan. mpanies 15 Focus: Le List: La gal Matters w Firm s Deadlin e: Jan. 29 *Econo mic De velopm ent Qua e: TBD rterly Deadlin Fo cus: List: WInfluential Wom en in en-O Saluteom to Womwned Busin Business Deadlin ses e: April en in Busines ess 23 *E ▼ …with a low interest rate loan from a local bank who believes in relationships Focus:Ye ar in Re List: Fi view / 20 nancia 09 Prev iew Executiv l Planners Deadlin e’s View e: Dec. 18 ▼ 5 8 conomic Developm Deadlin ent Qua e: TBD rterly Focus: Co List: A mmercial Cons rchi truction Deadlin tectural Firms e: May 7 Focus: La List: Co nd Developm en Deadlin mmercial Devel t e: Aug. opers 27 Focus: A List: Fa gricultural/Env rm Deadlin s/Horticulture ironmental e: Sept. Compa 10 nies For More Information call: 22 Focus: Co List: O mmercial Real ffice Bu Estate ildings Deadlin e: May 21 Focus: To List: To p 100 Private Co p mpanies Deadlin 100 Private Co mpanies e: June 4 2 16 30 Focus: Health Care List: M an Deadlin aged Care Prov e: Feb. iders 12 Focus: Real Es tate Dev List: Re elop sid Deadlin ential R.E. Co ment e: Feb. mpanies 26 Focus: Te chnology List: In ternet M arke Deadlin e: March ting Compani es 12 1166 20 27 Focus: Re List: Sh tail Developm ent op Deadlin ping Centers e: June 18 Focus: Insuranc e List: In surance Agencie Deadlin s e: July 2 *Econo mic De velopm Deadlin ent Qua e: TBD rterly 12 26 386-681-2457 Focus: To List: Ba urism/Hospitalit nq y Deadlin uet & Meeting e: Sept. Facilitie 24 s Focus: 20 List: St 09 Young Busin affing Co es mpanies s Leaders Deadlin e: Oct. 8 Or email inquires to: [email protected] 9 23 30 are 12 and are noworking days pr i informat ted below. For r io ads@vf n, email the Bus br.com or call 38668 Focus: Re List: Co al Estate m Deadlin mercial Constru ction Pr e: Oct. ojects 22 Focus: Family-O List: Fa wned Bu mily-O sin esses wned Bu Deadlin sinesses e: Nov. 5 *Econo mic De velopm Deadlin ent Qua e: TBD rterly 13 27 3 17 31 7 21 28 Focus: La List: En nd Use/Re gi Deadlin neering e: March Focus: Ba List: Fi nking/Finance na Deadlin ncial Institutio e: April 9 Focus: Bu List: N siness in Com mun on-Profit Organiz Deadlin ation e: July 16 Focus Ex List: Ca ecutive Life styles r Boar Dealers Deadlindroom Rides e: July 30 Focus: Health Ca List: H ospitals re Deadlin e: Aug. 13 ▼ 2009 Get the Resources You Need to Expand Your Business TODAY Target your marketing message to the Editorial additio bi-weekl : Inof Business Report’s valuable audience business n to re y editorial issue of the Volu gular local busine focus se sia/Fla ss bi os owners and professionals during 2009. fo r People ction. 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