Calypso III - SOLD
Strategic advisory on phase III of Calypso Resort & Towers including entitlements, development order, valuation, and brokerage. Vola Group successfully sold the property in 2014.
Florida Condominium Sale - SOLD
A Georgia based family office with significant exposure in the residential land and condominium market engaged Vola Group to provide strategic advisory and brokerage services for a failed fractional condominium resort in Florida. Vola Group successfully repositioned and sold the property in 2014.
Detroit, MI Office Building - SOLD
Local lead on the sale of a one million square foot class A office building with street level retail.
Southfield, MI Office Building - SOLD
Former Allied Bendix World Headquarters, local lead on sale of large Fortune 500 office complex and additional land for development.
Northrop Grumman Missile Plant - SOLD
The owners of a former missile manufacturing plant in Georgia engaged Mr. Ciavola to prepare a marketing, pricing, and sales strategy to monetize their investment. Mr. Ciavola successfully marketed and sold $27MM worth of land and buildings to third parties, while retaining land for a future industrial park and retail center with frontage on Interstate 75.
City Place - SOLD
Local lead on construction completion, lease-up and sale of 676 North Michigan Avenue in Chicago.
Delphi World HQ - Troy, MI - Managed
Local lead on construction completion and provided total facilities management solution
Monetized Conservation Easement - SOLD
Consulted on monetized conservation easement valued at $52MM.
Reynolds Lake Oconee Headquarters - Developed
Project Manager on 25,000 sf build-to-suit
Reynolds Lake Oconee Clubhouse - Fire Restoration
Owner's Insurance Representative on total building fire restoration
Lake Oconee Dentistry - Retrofit
Project Manager on adaptive re-use
Marco's Pizza Restaurant Retrofit
Project Manager on adaptive re-use
Lake Oconee Eye Care - Developed
Site Selection, Brokerage, Design-Build, Project Management
Del Webb - SOLD
Working for a high net worth family office, Mr. Ciavola was successful in brokering the purchase of timber land and converting it to HBU (highest and best use) land with high density entitlements and utility access, and later brokering the sale of the property at a significant profit to Del Webb for an active adult community development.
Georgia County Tax Appeal - SUCCESSFUL
An Atlanta based family office with significant land holdings needed help appealing their ad valorem property tax assessment. After an initial consultation, Vola Group determined that the property owner was indeed inappropriately assessed. Vola Group quickly agreed on a strategy with the land owner and thoroughly investigated the sales, use type, and uniformity comparables. Vola Group then summarized its findings, prepared the talking points and exhibits to be submitted to the Board of Equalization. Our efforts resulted in a $6,400,000 decrease in the market value of the properties, saving the landowner $61,000 per year in taxes owed.
Florida County Tax Appeal - SUCCESSFUL
A national real estate equity fund needed assistance with their ad valorem tax appeals on three large resort properties in Florida. Mr. Ciavola investigated the ad valorem property tax assessments and developed a strategy to appeal the assessments at each property. He then plead the cases at 2 of the 3 resorts and coached the third property's General Manager. Mr. Ciavola's efforts resulted in an annual tax savings of approximately $350,000 per year.
National Equity Fund Insurance Value Engineering - SUCCESSFUL
A national real estate equity fund was looking for ways to improve their net operating income. Mr. Ciavola identified ways to effectively value-engineer the coverage and purchasing strategy of their property, casualty, and general liability insurance saving the owners approximately $150,000 per year in premiums without sacrificing the quality of the coverage.