Stirling Properties’ Joe Gardner Awarded CCIM Designation
Stirling Properties’ Joe Gardner, Sales and Leasing Executive based in the New Orleans office and member of the Louisiana CCIM chapter, was awarded the Certified Commercial Investment Member (CCIM) designation from the CCIM Institute, one of the leading commercial real estate associations in the world.
Receiving the designation means, that Mr. Gardner successfully completed graduate-level education curriculum and presented a portfolio of qualifying experience. The curriculum addresses financial analysis, market analysis, user decision analysis, and investment analysis, the cornerstones of commercial investment real estate. CCIMs are recognized experts in commercial real estate brokerage, leasing, asset management, valuation, and investment analysis.
Currently there are more than 13,000 CCIMs based in over 1,000 markets throughout 30 countries around the world. An affiliate of the National Association of Realtors®, the CCIM Institute’s recognized curriculum, powerful technology tools, and networking programs impact and influence the commercial real estate industry.
Stirling Properties Welcomes Andrew Dickman to its Mobile, AL Team
Stirling Properties is pleased to announce the addition of Andrew Dickman to the Commercial Brokerage Division as Sales and Leasing Executive. Andrew will work from the company’s Mobile, Alabama office located at 1 St. Louis Street, Suite 4100.
Andrew’s expertise and experience include development and brokerage of raw land, site selection and site analysis for national retailers and restaurant chains, marketing and disposition of existing or dark national retail and restaurant sites, Landlord and Tenant representation for big box retailers and small shop tenants and commercial real estate portfolio sales.
Andrew is a CCIM candidate and a graduate of Indiana State University. He can be reached at 251-375-2483 or andrewdickman@stirlingprop.com.
End of Life (EOL), Have you made your plans?
Thanks to the overwhelming media hype last year, we all know by now that Windows XP went End of Life and out-of-support by Microsoft on April 8, 2014, but did you know that Microsoft Windows 2003 is going End of Life on July 14th of this year?
Do you have a file server in your office that is still running on Windows 2003? Are any of your key control systems, hvac or other automation systems running on Windows 2000 or 2003? Seems like every time Stirling starts managing a new property, we run into a slew of Windows XP computers and/or an old Windows 2003 Server or two.
What’s the big deal? Why should we care if software goes End of Life? We all see the sensationalized hacks that are publicized in the media which are sometimes just hype, what they miss is the whole industry that’s grown up around exploiting your operating systems and software. It’s the old game of cat and mouse or whack a mole, but updated for our digital world. Criminals find holes that they can exploit and then companies like Microsoft release a patch to fix the hole. If you stay up-to-date with the patches, you’re in ok shape. The problem comes when a product goes End of Life – the criminals are still finding and exploiting the security holes, but Microsoft is no longer issuing patches to fix the holes so if you’re running an Operating System or software that’s no longer supported, you’re throwing a big neon sign out to the world that says please exploit my systems.
Running an old version of Internet Explorer, Microsoft Office or some other productivity software that’s no longer supported? Same problem, probably need to look into upgrading.
Is your automation system running an old version of Windows? Might want to check with your vendor to find out what needs to be done to get you up-to-date. Looking at installing a new Automation System? If the dollars add up, ask about systems that run on proprietary hardware and software, instead of Windows. Windows is a great general purpose operating system, but part of what makes it so versatile, also makes it a huge risk for security exploits.
We no longer live in a world where we can put systems out and forget about them. We need to stay up-to-date on the patches, know the End of Life dates and keep your automation systems under contract so you can keep them up-to-date.
JCH Development and Stirling Properties Celebrate Grand Opening of Magnolia Marketplace
Today, Mayor Mitch Landrieu joined representatives from JCH Development and Stirling Properties to celebrate the Grand Opening of Magnolia Marketplace, a 106,000-square-foot shopping center located at the intersection of South Claiborne Avenue and Toledano Street in New Orleans’ Central City neighborhood. Councilwoman-At-Large Stacy Head, a representative from Councilwoman LaToya Cantrell’s office and other local officials were also in attendance.
“Magnolia Marketplace is further proof that New Orleans is building back better than before. This redevelopment is creating more jobs, strengthening our local economy and giving residents more retail options right here in the heart of New Orleans,” said Mayor Landrieu. “Magnolia Marketplace is also another example of a strong public-private partnership— celebrating the new way of doing business in New Orleans. The project will nicely complement the nearby Claiborne corridor and help spur activity and redevelopment across the city.”
The project was 100% pre-leased prior to the January 2014 groundbreaking. Open tenants at Magnolia Marketplace include: T.J.Maxx, Ross Dress For Less, PetSmart, Shoe Carnival, ULTA Beauty and Raising Cane’s. Michaels will open on March 20, 2015. The initial phase of Magnolia Marketplace included a 6,000-square-foot development located at the intersection of South Claiborne Avenue and Fourth Street that opened in 2014 and now houses Capital One Bank, Subway and T-Mobile.
“This grand opening is about creating jobs, attracting national retailers, improving quality of life, building economic momentum, and turning Claiborne into a regional commercial corridor,” said Councilmember LaToya Cantrell of District B. “I am excited to celebrate the grand opening of this venture and I believe that it is a sign of future development in this city.”
“This project is evidence of the resurgence of Central City and represents yet another important step in bringing additional retail to the city,” said Townsend Underhill, senior vice president of development for Stirling Properties. “We would like to thank the City of New Orleans and Mayor Landrieu’s Administration as well as the City Council, particularly councilmembers Latoya Cantrell and Stacy Head for being supportive in yet another project that signifies Stirling’s commitment to the City of New Orleans.”
During the ceremony, Tara Hernandez, president of JCH Development, unveiled the Toledano Art Wall, a mural painted by local artists Rontherin Ratliff and his team at YAYA Inc.; Brandan “Bmike” Odums; and, Ellen Macomber. It conveys a story of many historical elements and events from the Central City neighborhood to share some of the area’s proudest moments and accomplishments.
“We are proud to bring a dynamic new retail development to an underserved portion of the city,” said Hernandez.
Magnolia Marketplace is directly south of Harmony Oaks, a 460-unit, mixed-income residential development. The Marketplace will serve one of the city’s busiest corridors, with traffic counts exceeding 70,000 cars a day. Claiborne Avenue also provides a vital connection between Uptown New Orleans and the Central Business District.
These recent commercial projects are significant in light of a 2012 report by the New Orleans Business Alliance (NOLABA) that analyzed the retail spending of Orleans Parish residents. The report estimates that Orleans Parish loses $1.9 billion in retail sales to neighboring parishes and other U.S. cities each year. Since being founded in 2011, NOLABA has focused on attracting retail and development throughout New Orleans. In addition to facilitating smooth progression of the project, NOLABA performed an independent economic analysis on the development before it began.
“Our evaluation revealed that the Magnolia Marketplace development would benefit area residents, people who travel Claiborne Avenue and the City’s general fund through increased sales taxes, particularly because it attracted new national retailers to Orleans Parish,” said Melissa Ehlinger, interim president and CEO of NOLABA. “We always look for better than average returns on public investment, for impact that reaches New Orleanians at a variety of economic levels, and for projects that enhance the city’s attractiveness to future investment. Magnolia Marketplace serves up all of these.”
For more information about Magnolia Marketplace, contact Townsend Underhill at tunderhill@stirlingprop.com or 985-898-2022, or for leasing information contact Rhonda Sharkawy at rsharkawy@stirlingprop.com or 504-523-4481.
Stirling Properties Mobile Office Relocates to Larger Space
COVINGTON, LA – March 2, 2015– Stirling Properties is excited to announce the relocation of its Alabama office to One St. Louis Centre located in downtown Mobile. In addition to being a tenant, Stirling will also manage and lease the 97,514 square–foot professional office building.
New Contact Information:
Stirling Properties Mobile Office – 251-342-7229
One St. Louis Centre
1 St. Louis Street, Suite 4100
Mobile, Alabama 36602
Stirling Properties Welcomes Frank Ferraro, Jr. to its New Orleans Team
Stirling Properties is pleased to announce the addition of Frank Ferraro, Jr. to the Commercial Brokerage Division as Broker Associate. Frank will work from the company’s New Orleans, Louisiana, office located at 615 Baronne Street, Suite 100.
Mr. Ferraro has over 22 years of experience in Commercial Real Estate. Prior to joining Stirling Properties, Mr. Ferraro was co-owner of a firm in Nevada until moving to New Orleans. He has successfully negotiated hundreds of sale and lease transactions, including complex land assemblages for master planned community developers and national homebuilders. He has a Bachelor’s Degree in Real Estate from Arizona State University and holds a Broker’s license in Nevada as well as Louisiana.
Mr. Ferraro can be reached at 504-620-8148 or via email at fferraro@stirlingprop.com.
As we move beyond the initial shock and awe of […]
Stirling Properties announces the Maurin Ogden Tulane Real Estate Fund, […]
