July 2015

  • Jul
    29

Ram Expands Retail Leadership with Key Hire

July 29, 2015

  • Ram appoints Brian Maloney as Managing Director of Retail
  • Maloney brings 14 years of asset management, transactional and retail leasing experience to the team

Palm Beach Gardens, Fla., July 29, 2015 – Ram Realty Services, a leading developer and real estate investment manager throughout the Southeast, has named Brian Maloney as Managing Director of Retail. Mr. Maloney will lead the retail group’s leasing and investment activities. He will report to Jim Stine, President, and is based in Ram’s Fort Lauderdale office.

In his 14 years in the real estate industry, Mr. Maloney has amassed a broad spectrum of valuable experience. After earning his J.D. from the University of Georgia, Mr. Maloney practiced law with a focus on real estate transactions. In 2005 he joined McGuire Realty as a Development Manager where he directed the underwriting and entitlement of commercial assets. Most recently Mr. Maloney served as Vice President of Retail Leasing with Edens where he was responsible for retail leasing as well as the redevelopment, acquisition and disposition of commercial assets.

“We’re committed to growing our retail portfolio throughout the Southeast US and I believe that Brian has the perfect combination of experience, knowledge, and relationships to lead that effort,” said Ram President Jim Stine. “Brian has a strong track record across all aspects of leasing and acquisition, as well as a strong working knowledge in the markets where we are active. We’re pleased to have him as a member of our team.”

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Chris Kieffer

Ram Realty Services

ckieffer@ramrealestate.com

561-282-4626

 

  • Jul
    23

Ram Sells Florida & Waters Shopping Center

July 23, 2015

  • Ram sells Florida & Waters Shopping Center to Saglo Development Corporation
  • Florida & Waters Shopping Center is a 159,097 SF asset located in Tampa, Fla.

Tampa, Fla., July 22, 2015—Ram Realty Services, a leading developer and real estate investment manager throughout the Southeast, has announced the sale of Florida & Waters Shopping Center to Saglo Development Corporation.

The 159,097 SF center is located on the southwest corner of North Florida Avenue and Waters Avenue in Tampa, FL. Notable tenants include Save-A-Lot, Citi Trends, Magic Mall Flea Market, CAC Medical Center, Wendy’s and Dunkin’ Donuts. Florida & Waters was 87.9% occupied at the time of sale.

Ram acquired Florida & Waters in November 2004 from The Greco Family, LP as part of its Community Reinvestment Partners Fund. Ram completed significant capital improvements in 2009, including an updated façade, roofing, parking lot improvements, and additional signage.

About Ram

Founded in 1978, Ram is an affiliated group of companies and partnerships that acquire, develop, manage and finance retail and residential properties in the Southeast. The group also selectively acquires debt secured by retail and residential properties.  Ram is currently investing Ram Realty Partners III LP, a value-added fund targeting retail and multifamily properties in select high growth markets in the Southeast.  Since 1996, the company has deployed $1.7 billion in real estate transactions.  Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale and Tampa, Florida and Charlotte, North Carolina. For more information, visit www.ramrealestate.com.

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  • Jul
    13

West Palm Apartments formerly known as Isis get new name, again

July 13, 2015

West Palm apartments formerly known as Isis get new name, again

By Alexandra Clough – Palm Beach Post Staff Writer

Perhaps the third time will be the charm.

Kolter once again has renamed a residential building planned for downtown West Palm Beach.

First, the property at 333 Fern Street was known as Isis Downtown, a name derived from the Egyptian goddess.

But Isis was was disposed of after the murderous terrorist group known as the Islamic State in Iraq and Syria started rampaging its way across the Middle East last summer.”We quit spending money the minute the ISIS thing happened. We knew we had a very unique problem,” said Bob Vail, president of Kolter Urban in West Palm Beach.

Then the project became 3 Thirty Three Downtown, the site’s address. The name was safe, if boring, and didn’t convey much information about the project, other than its location.

Now, the apartment property will be known as The Alexander, a nod to its neighboring property, Alexander Lofts. The Lofts is an 85 unit-project that’s already 50 percent leased, even though the property was just finished.

Meanwhile, The Alexander is planned to be 210 apartments in a modern-style building. It will also provide garage parking for Alexander Lofts, a former office building converted into loft-style apartments by Ram of Palm Beach Gardens.

The Alexander is a joint venture with Ram, and since the buildings share amenities, it made sense to take the name and “brand the whole project,” said Hugo Pacanins, managing director/multifamily for Ram Realty Services.

The 16-story building will break ground in August, with completion set for the summer of 2017.

Units range from 825 square feet to 1,700 square feet.

When completed, the property will be the largest new high-rise apartment coming out of the ground in West Palm Beach, Pacanins said.

Alexandra Clough writes about the economy, real estate and the law.