Brooks Holstein Joins A-list of Industry Experts

The Real Estate Investment World USA conference focuses on innovation, best practice, and ROI in North American Real Estate. Case studies from the largest brands across North America will be presented by quality speakers during the conference, December 1 – 3, in New York City.

COMVEST Properties founder, Brooks Holstein has been asked to explore the topic of the return of commercial mortgage-backed securities. His discussion will consider the questions:

  • Are CMBS finally exiting lockdown mode?
  • Are pool deals the next step or will single-asset and singleborrower deals continue to reign supreme?
  • Comparing CMBS with other mortgage-backed securities: do commercial still carry less prepayment risk or are other MBSs worth investigating?
  • Will the enhanced liquidity of CMBS draw a broader range of investor to commercial?

You are invited to attend the conference at a 50% discount of the current registration rate. Don’t miss this opportunity to hear from over 45 industry experts!

White Paper Examines the Reemergence of the CMBS Market

In preparing for his REIW USA speaking engagement, Brooks’ collaboration with PRI-O-LEAU Development Group, LLC founder, DeVon Prioleau produced a white paper entitled “Reemergence of
the CMBS Market after the Financial Crisis of 2007 – 2010”.

PRI-O-LEAU Development Group’s scope of work covers the full spectrum of industry-related services including planning, design, construction, and management.

New Ownership Reviving Lucedale Marketplace

Biloxi, Mississippi – New life is being breathed into Lucedale Marketplace, a languishing shopping center located at a prime intersection on the retail corridor in Lucedale, Mississippi. Recently purchased by, DHS Ventures, LLC, the center has been home to successful chains, Peebles and Subway, as well as local merchants and a regional finance company. DHS Ventures, LLC is a commercial real estate company focused on retail development and tenant representation throughout the South.

The long anticipated Hibbett Sports will be joining the shopping center’s line-up with a 4,800 SF store offering a wide selection of sporting goods to fit the needs of area athletes. With interior construction already under way, DHS Ventures, LLC and Hibbett Sports look forward to announcing its Grand Opening in the near future.

Also under construction is a 21,259 SF Tractor Supply Company. With over 948 stores in 44 states, Tractor Supply Company is the largest operator of retail farm and ranch stores in the United States. Completion is scheduled for October 2010.

COMVEST Properties, LLC, a full service commercial real estate company located in Biloxi, Mississippi, has been retained to lease the remaining 1200 SF vacant space. With several national retailers interested in the market, the 50,000 SF Lucedale Marketplace is expected to soon boast 100% occupancy.

COMVEST Closes Complicated Redevelopment Transaction

Biloxi, MS – August 25, 2010 – When the developers at COMVEST Properties set out to purchase a stagnant, underutilized shopping center on the retail corridor of Lucedale, Mississippi, they saw an opportunity where others only saw an impossibility. The 50,000 square foot Lucedale Marketplace, at the corner of Old Hwy 63 and Cowart Street, was 37% occupied, in foreclosure and the target of pending liens. With three other similar shopping center acquisitions and redevelopments in the COMVEST portfolio, the developers knew they were looking at a diamond in the rough.

One year later Lucedale Marketplace boasts 97% occupancy, new national tenants, and a new owner. Over the course of that year, the COMVEST team used their experience and relationships to weather the challenges of re-foreclosure, renegotiation of existing tenant leases, lien waiver negotiations, new tenant leases, and ultimately secured a purchaser who brought Tractor Supply Company to the asset’s vacant anchor space. As well as a local tobacco shop and dry cleaners, co-tenants include Peebles, Hibbett Sports, Subway and Harrison Financial. In an economy where municipalities are more dependent than ever on sales tax revenue,this line up of retailers is a welcome boon to the City as well as area shoppers.

With a company-wide commitment to value creation for the asset, the community and its financial partners, COMVEST Properties has delivered another tangible example of its Mission Statement,
“Our corporate values are focused on integrity, knowledge, accountability and results.”

Molyneaux Joins COMVEST Properties, LLC

Biloxi, Mississippi, July 1, 2010 – J. Douglas Molyneaux, CCIM, recently joined COMVEST Properties, LLC, as Director of Acquisitions and Investment Sales. Also a partner in the firm, Mr. Molyneaux identifies and acquires redevelopment opportunities that fit into the COMVEST Business Plan. Additionally, he directs the sale of retail properties owned by COMVEST’s development affiliate, Net Lease Developers, LLC.

Licensed in 1994, Mr. Molyneaux brings over 16 years experience in virtually all areas of commercial real estate to COMVEST.

Mr. Molyneaux is the 2010 President of the Mississippi CCIM Chapter, a member of the Commercial Investment Real Estate Institute, as well as a member of the Gulf Coast Board of REALTORS, Mississippi Association of REALTORS, National Association of REALTORS, the Mississippi Commercial Association of REALTORS and the International Council of Shopping Centers.

COMVEST Properties, LLC is a full-service commercial real estate company specializing in development, leasing and retail tenant representation. Together with its affiliate, Net Lease Developers, LLC, COMVEST is an active developer of shopping centers and single tenant net leased properties throughout the South.

Walgreens Sets Opening For Carencro, LA Location

Carencro, Louisiana, March 15, 2010 – Net Lease Developers, LLC announces the opening of its latest Walgreens drugstore at the corner of West Gloria Switch Road and North University Boulevard in Carencro, Louisiana. The new Carencro location will offer a drive-thru and is scheduled to open March 31. Walgreens is the nation’s leading pharmacy chain and is considered a leader in innovative drugstore retailing.

Net Lease Developers, LLC is a full-service commercial real estate company specializing in development, leasing and retail tenant representation. Together with its affiliate, COMVEST Properties, LLC, Net Lease Developers are active developers of shopping centers and single tenant net leased properties in Louisiana, Mississippi, Alabama and the Florida Panhandle.