Wednesday, April 1, 2020

Cuningham Group Announces Completion of 26-story Luxury Multifamily Development in Northeast Minneapolis, MN

  
Rafter is a 283-unit luxury apartment community 
located at 333 Hennepin Avenue East  
in the Northeast submarket of Minneapolis, MN

Minneapolis, MN – Cuningham Group, a global architectural design firm, has announced the completion of Rafter, a 283-unit luxury apartment community in the Northeast submarket of Minneapolis, Minnesota.

Rafter is located at 333 Hennepin Avenue East in Minneapolis, Minnesota and features luxury, pet-friendly, studio, one-, two-, and three-bedroom apartment floorplans, including penthouse options. A seven-story, 279-space attached parking structure serves both retail and Rafter residents.

Cuningham,which is headquartered in Minneapolis and has deep roots in the city, was retained by Mortenson Development in cooperation with US Bank to undertake the architecture, concept design, and interior design of the 26-story, 407,530 square-foot project, which also includes 6,000 square feet of retail space.

Stephanie Thompson

“The strategy behind this design was to deliver an aesthetic and amenities that today’s luxury apartment residents crave, while creating a feel and lifestyle that is distinctly Northeast Minneapolis,” says Cuningham Group Live Studio Leader Jeff SchoeneckAIA, NCARB, LEED® AP.

“Those who live in and frequent the area know its historic buildings, exceptional dining, and flourishing art scene – as well as the ‘rafters’ of wild turkeys that call it home.

Jeff Schoeneck
 "Every choice, from each element of the fa├žade design, to the interiors, to the property name – everything reflects the eclectic and unique attributes of this neighborhood.”  

According to Schoeneck, Cuningham’s concept centered on delivering a true ‘love letter’ to Northeast Minneapolis – a fresh, modern design that emulates and seamlessly integrates into the surrounding community, preserving significant elements of its industrial, working-class history.

Jeremiah Johnson, AIA, NCARB, Cuningham’s Lead Designer on the project, adds: “The Mortenson Development team was visionary in its approach to this project.

"Rather than developing an oasis that would differentiate the property from the more raw and artistic aspects of the neighborhood, Mortenson and the entire design team recognized an opportunity to craft Rafter as a place that echoes the existing Northeast Minneapolis community.”


Jeremiah Johnson
Inspired by numerous historical and industrial spaces, including the nearby General Mills elevators, Johnson explains that the Cuningham team created a simple, honest material palette to blend into the area’s unmistakable historical context and fit comfortably, even at its large scale.

“One significant strategy was the use of paneling to create a distinct look that fulfilled the developer’s request for a varied and active facade while keeping costs to a minimum,” says Johnson.

He explains that the property is integrated into the surrounding streetscape via brick base, and the tower’s exterior is a blend of white and textured charcoal concrete that creates a look reminiscent of modern ceramic arts.

“By using 15 different molds then rotating and shifting them across the building’s facade, our designers created a diverse, dynamic look that maximized variation while minimizing the number of forms required,” Johnson notes.

Ultimately, 442 precast cement panels totaling 540 tons were used to cover the building.

Keith Wyman
The property’s lobby boasts a metal screen wall designed by local artists and a striking reception desk crafted by Keith Wyman of Concrete Pig – comprised of welded steel, slabs of walnut, and black pigmented concrete – that is equal parts function and sculpture.


According to Cuningham’s Lead Interior Designer on the project Stephanie Thompson, NCIDQ, CID, LEED® Green Associate, Rafter’s interior spaces are also defined by a rich variety of materials – including rough, board-form textures on the ceiling; smooth, exposed concrete columns; and polished concrete floors.

A strategic use of warm wood tones helps balance the concrete, creating an environment that is simultaneously striking and welcoming.

“The restrained palette of high-contrast light and dark finishes is reminiscent of a gallery, which is intended to create moments that showcase local artists and craftspeople,” says Thompson.

 “It was important to our team and to all project stakeholders that Rafter reflect the neighborhood’s status as a vibrant artists’ community.

”We achieved this by designing and bringing to life an intimate, interconnected space that now highlights the local art showcased within it.”

Photographs, paintings, and sculptures by local artists are placed throughout Rafter’s shared spaces and on every floor.

Thompson notes that the Cuningham team also saw an opportunity to utilize the space as an ongoing, evolving celebration of the Northeast community’s thriving Arts District.

The project team hired two artists-in-residence, offering each a year lease in exchange for their art, while a shared makerspace allows all residents access to the neighborhood’s artistic spirit.

Contacts:

Elisabeth Manville / Jenn Quader
Brower Group
(949) 438-6262

Ware Malcomb Announces Promotions in its Three National Offices


Mary Grbic Cheval

IRVINE, CA  (April 1, 2020) – Ware Malcomb, an award-winning international design firm, today announced Mary Grbic Cheval has been promoted to Principal, Interior Architecture & Design in the firm’s Irvine, Calif.-based headquarters office.

Ware Malcomb also announced the promotion of Edward Mayer to Principal, Architecture in the firm’s Newark, New Jersey office and Jason Dooley to Principal in the Atlanta, Georgia office. 

 Edward Mayer ll
In her new role, Cheval is responsible for leading the growth and management of the Interior Architecture and Design Studio and overseeing all interiors projects for the Irvine office. 

Cheval joined Ware Malcomb in 2015 as Director, Interior Architecture & Design in Irvine. Since then she has successfully led the development and expansion of the interiors studio while establishing a strong leadership team. 

In addition, Cheval’s expertise and leadership in the area of Workplace Strategy helped to facilitate Ware Malcomb’s formal launch of this service as a core firm offering in 2018.

Kenneth Wink
“Mary’s top-notch design ability, combined with her excellent management and client relationship skills, have resulted in the continuous growth of the Interior Architecture and Design team and its portfolio of projects,” said Kenneth Wink, Chief Executive Officer of Ware Malcomb.

“We thank Mary for her numerous contributions to Ware Malcomb and look forward to her continued impact as Principal.”

Cheval brings over 30 years of industry experience and a wealth of interior architectural knowledge and management expertise to the Ware Malcomb team.

Jason Dooley 
She is well-versed in all facets of interior design, including workplace strategy, project management, space planning, consultant coordination, schematic design, design development, agency processing, contract documents and contract administration.

Her project leadership spans the commercial and corporate office, healthcare, science & technology, institutional, education, hospitality, retail and science & technology sectors. 

Cheval earned a Bachelor of Science degree in Interior Architecture and Design at the University of Texas at Austin. She is a professional member of the International Interior Design Association and is a Certified Interior Designer. 

For more information, please visit waremalcomb.com/news and view Ware Malcomb’s Brand Video at youtube.com/waremalcomb.


CONTACTS:

Rachel Devany
VP Public Relations
 KCOMM for Ware Malcomb

Maureen Bissonnette
 Associate Principal, Marketing, 
949.660.9128
Ware Malcomb Irvine
10 Edelman
Irvine, CA 92618
p. 949.660.9128


JLL closes $13.75 million sale of Rancho Cucamonga, CA retail center



Shops to Victoria Gardens is a 31,405-SF retail strip center
 adjacent to the Victoria Gardens lifestyle center 
in the Inland Empire community of Rancho Cucamonga, CA

 Daniel Tyner 
NEWPORT BEACH, CA – JLL Capital Markets announced it has closed the $13.75 million sale of Shops to Victoria Gardens, a 31,405-square-foot retail strip center adjacent to the Victoria Gardens lifestyle center in the Inland Empire community of Rancho Cucamonga, California.

JLL marketed the property on behalf of the seller, Fit Development.

Constructed in 2007, Shops to Victoria Gardens is leased to a diverse mix of service-oriented, daily needs and soft-goods tenants, including DXL Men’s Apparel, Pacific Dental, Shakey’s Pizza, among others.

Situated on 2.65 acres at 12455 Victoria Gardens Lane, the center is at the signalized entrance to the 175-acre Victoria Gardens, which is one of the most dominant lifestyle centers in Southern California and welcomes more than 16 million visitors a year.

Gleb Lvovich
The JLL Retail Capital Markets team representing the seller was led by Director Daniel Tyner and Managing Director Gleb Lvovich.

“During our marketing process, we were able to successfully navigate through market turmoil in addition to overcoming an in-place tenant’s bankruptcy,” Tyner said.

 “The irreplaceable location outside of Victoria Gardens, along with the immediate value-add opportunity, proved to be highly attractive to the investor market.”

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.
  
Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.                                         
  
CONTACTS:

Daniel TynerJLL Director
California License #:  01959818
Phone: +1 949 798 4125

Gleb LvovichJLL Managing Director
California License #:  01496699
Phone: +1 949 798 4115

Kimberly Steele, JLL Senior Associate, Public Relations
Phone: +1 713 852 3420



Two More National Companies Opening at Airport Commerce Center in Orlando, FL

Matt Cichocki 

   
ORLANDO, FL -- A flooring distribution company and a medical / occupational and physical therapy clinic recently inked long term lease agreements at Airport Commerce Center located on S. Orange Ave. off SR 528 and Sandlake Rd.  

 The retail/warehouse/ flex center opened last year, leased and managed by NAI Realvest is now 80 percent occupied.

Principals Matt Cichocki and Kevin O’Connor negotiated the two new transactions representing Landlord Orange Avenue Properties, LLC an affiliate of Ohio-based MAS Investment Group.
                                
Criterion Supply, Inc. based in Milwaukie , OR leased Suite 150 at 8123 S. Orange with 8,534 square feet. The new facility with 10 by 14 dock high overhead doors is one of multiple locations the flooring supplier operates throughout the country. 

Kevin O’Connor
 Criterion has already started operating at the commerce center with an initial staff of five.  Paul Kelly of Coughin Commercial LLC represented the tenant. 

Concentra Health Services, Inc., based in Mechanicsburg , PA with 500 clinics nationwide, leased Suites 128 - 140 with 7,446 square feet at 8119 S. Orange Ave.  

Concentra serves the occupational health needs of employees of Orlando International Airport . Opening is estimated for August once the entire space is built out as a medical clinic.  Jordan Buis of CBRE represented the tenant.

Criterion Supply and Concentra Health join several other national firms including Berg Electric, Detail Garage-Orlando and NEFCO Construction Supply who moved into the 71,675 square foot Airport Commerce Center last year.


 Paul Kelly 


CONTACTS:

Matt Cichocki or Kevin O’Connor, Principals, NAI Realvest,
407-875 9989

Patrick Mahoney, President / CEO, NAI Realvest,
407-875-9989 pmahoney@realvest.com

Beth Payan, Larry Vershel Communications
407-644-4142 or 407-461-3781 beth@larryvershel.com



Tuesday, March 31, 2020

Lee Iacocca’s Los Angeles Mansion Listed for $27 Million


Iacocca’s Tuscan-style mansion includes 10,682 square feet with five bedrooms and eight baths on over an acre near the Bel Air Country Club near Los Angeles, CA


Photo credit: Hilton & Hyland       Source: www.hiltonhyland.com

LOS ANGELES, CA -- America’s favorite business leader from the 1960s to the ‘90s, one of the many things Lee Iacocca was known for were his famous quotes including “In times of great stress or adversity, it's always best to keep busy, to plow your anger and your energy into something positive.”
Lee Iacocca
 Also, “If you can find a better car, buy it.”
Iacocca, the longtime president of Ford Motor Company and chairman of Chrysler Corporation, could switch from engineering to sales, marketing, CEO, charity fundraising and politics with little effort, according to TopTenRealEstateDeals.com.


Ford Mustang
 After introducing the Ford Mustang, Lee jumped over to Chrysler where he launched the minivan concept, convinced the U.S. government to loan Chrysler $1.5 billion, and saved the company from collapse.
 He was well paid for his talent and by the time he died in 2019, Iacocca was worth $150 million. His beautiful home in Los Angeles, where he lived out his retirement before succumbing to Parkinson’s disease, is for sale at $26.9 million.


Bob and Dolores Hope
Iacocca was born to Italian immigrant parents who moved to Pennsylvania for work in the steel industry and the extended-family hot dog business. 

He proved himself to be a super achiever early on graduating with honors from high school, Lehigh for college and then winning a fellowship to Princeton.
Lee’s genius was in connecting the dots in the roadmap to the future. His celebrity status was cemented with the development of the Ford Mustang in 1964, the most successful new car ever introduced in the U.S. earning a profit over $1 billion in just its first two years, and saving Chrysler from the brink of disaster in 1979.


Frank and Barbara Sinatra
He did his own Chrysler commercials and was a frequent guest on television talk shows. In addition to the auto industry, Lee wrote several best-selling books; was successful in the restaurant, food and gaming businesses and was well known for heading the 1980’s Statue of Liberty restoration.
 He was a serious and popular candidate for U.S. president in 1988, but decided not to run.

 Betty White
Iacocca’s Tuscan-style mansion includes 10,682 square feet with five bedrooms and eight baths on over an acre near the Bel Air Country Club.
There are four ensuite guest rooms, a staff apartment, formal living and dining rooms, panelled library and five fireplaces.



Huge open-plan rooms that spill out onto lovely terraces are perfect for large-scale entertaining while other spaces invite intimate gatherings.
Crafted of luscious materials and craftsmanship, the home is bright and cheerful while retaining an elegant vibe. Immaculate grounds contain mature landscaping with outdoor living areas accented with topiary.



A chef’s kitchen is ready for enjoying family or guests. The master suite has a living area larger than many mansions' formal living rooms on a scale reminiscent of historical times when the aristocracy entertained guests in their private chambers.
 Outdoor recreation includes a swimming pool, spa and tennis courts to be enjoyed year-round in Southern California’s mild climate.


After his death in 2019, automotive-pioneer Lee Iacocca’s estate, where he entertained Bob and Dolores Hope, Frank and Barbara Sinatra, Priscilla Presley and Betty White, is now for sale at $26.9 million.
The listing agents are David Kramer and Rick Hilton of Hilton & Hyland, Beverly Hills.

CONTACT:

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  434-480-4504

Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

JLL arranges refinancing for Two CityWestPlace in Houston, TX


Two CityWestPlace2107 CityWest Boulevard, Houston, TX

HOUSTON, TX, March 31, 2020 – JLL Capital Markets announced today that it has arranged refinancing for Two CityWestPlace, an office tower totaling 443,549 square feet in Houston’s Westchase submarket.

JLL worked on behalf of the borrower, Parkway Property Investments (“Parkway”), to secure the five-year, floating-rate loan. Regions Bank led the loan and syndicated half with Citizens Bank.  
Susan Hill
Two CityWestPlace is located at 2107 CityWest Boulevard within the larger four-building CityWestPlace office complex. 

The 29-acre park is positioned 12 miles west of Downtown Houston along the Sam Houston Tollway and is within close proximity to the Energy Corridor and CITYCENTRE plus residential areas such as Briargrove Park, Spring Branch and West Memorial. 


Jett Lucia
Tenants have access to various offerings shared across the four buildings, including expansive outdoor space, conference space, a dry cleaner, salon, dentist, car detailing and auto service, multiple food and beverage options and indoor and outdoor recreational offerings such as two fitness centers, a jogging track, soccer field, basketball court, sand volleyball and bocce ball court. 

Two CityWestPlace offers 20 stories of Class A office space, which is currently 99% leased.
The JLL Capital Markets team representing the borrower was led by Senior Managing Director Susan Hill and Analysts Jett Lucia and Sherri Rollins.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

City Center Houston, TX

 The firm's in-depth local market and global investor knowledge delivers best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or recapitalization. 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.


Contact: 

Kristen Murphy
Senior Manager, Public Relations
JLL Capital Markets
One Post Office Square, Suite 3500
Boston, MA 02109
T +1 617 848 1572
M +1 617 543 4873


Monday, March 30, 2020

Hold-Thyssen’s Steady Leasing Activity at Phillips Place in Orlando, FL Creates Traffic and Helps Tenants



 Darby Hold

Orlando, FL and  Winter Park , FL --- Hold-Thyssen, Inc. a full service commercial real estate services firm headquartered in Winter Park , recently negotiated two leases at Phillips Place the upscale office/retail center at 7575 Dr. Phillips Blvd. in Southwest Orlando . 

 Darby Hold, Senior Director for Hold-Thyssen, Inc. brokered both transactions on behalf of the landlord, Financial Way Realty, Inc. based in Cincinnati , Ohio , and the tenants.   

 Interior design experts American Concept Design leased 1,641 square feet and Anthem Tax Services, LLC expanded to lease a total of 5,576 square feet for multiple years.  The tax professionals are licensed in all 50 states and represent clients in tax preparation as well as litigation.

Phillips Place, an upscale office/retail center at 7575 Drive Phillips Boulevard in Southwest Orlando, FL . 

 “The continuous leasing that we’ve seen at Phillips Place , whether for a one- two- or three-year-term, has created traffic and stimulus for the business of existing tenants,” Hold said.

Hold-Thyssen, Inc. is the leasing and management representative for the 56,000 square foot Phillips Place office building, which is now 95 percent leased.

About Hold-Thyssen, Inc.:


Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States .

  
CONTACTS:

           Anthony Fisher, Vice President, Hold-Thyssen Real Estate Services, 407-691-0505, afisher@HoldThyssen.com

 Robert P. Hold, Principal, Hold-Thyssen, Inc.
 407-691-0505, bhold@HoldThyssen.com

 Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 
407-644-4142 Lvershelco@aol.com.