Wednesday, July 20, 2011
IRVINE, CA – HFF announced today that senior managing director Kevin MacKenzie (top right photo) will be relocating from the firm’s Dallas office to its Orange County office.
Mr. MacKenzie will be in charge of the local debt placement and structured finance team and will assume the role of office head along with senior managing directors Ryan Gallagher (middle left photo) and Sean Deasy (middle right photo).
Since joining HFF in 2004, Mr. MacKenzie has been involved in more than $4.0 billion of commercial real estate financings for retail, office, multi-housing and industrial properties nationally.
Prior to HFF, he worked in strategic finance and business development roles at various venture capital backed technology companies in Silicon Valley. Mr. MacKenzie is affiliated with Urban Land Institute, International Council of Shopping Centers and The Real Estate Council.
He graduated Magna Cum Laude with a Bachelor of Science degree from California Polytechnic State University.
“HFF has purposely and strategically grown its West Coast presence over the past two years,” said Mark Gibson, executive managing director and member of HFF’s four-person leadership team.
“In that time frame, we have successfully recruited four significant investment sales teams in Orange County and San Francisco specializing in office, multi-housing, retail and industrial product types and also have expanded via the addition of many individual capital market specialists across our five West Coast offices (San Diego, Orange County, Los Angeles, San Francisco and Portland).
“Kevin’s relocation to the West Coast and his promotion to an office head/leadership role is in keeping with our corporate mission, which is to identify future leaders of our business, quickly put them in positions, which appropriately match their leadership skills, and align interests to significantly grow our presence in a given market and/or business line.
“It is our strong preference to organically grow the firm given our unique culture and Kevin is an excellent example of an individual who trained as an analyst, quickly demonstrated extraordinary talent and leadership skills and is now in a significant leadership position within the firm.”
Kevin C. MacKenzie, HFF Senior Managing Director, (949) 253-8800, firstname.lastname@example.org
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,
HFF named to market for sale value-add multi-housing high-rise in Chicago’s River North neighborhood
CHICAGO, IL – HFF announced today that it has been named to market for sale 77 West Huron (top left photo), a 304-unit, 25-story luxury multi-housing community with ground-floor retail space in Chicago’s River North neighborhood.
The HFF team representing Archstone includes executive managing director Matthew Lawton (bottom right photo) and managing directors Marty O’Connell and Sean Fogarty. The property is offered without a formal asking price free and clear of existing debt.
77 West Huron is located within walking distance of “The Magnificent Mile” and CTA train and bus service in Chicago’s River North neighborhood.
The property has studio, one-, two- and three-bedroom homes that range in size from 536 square feet to 2,862 square feet and offer panoramic views of the downtown skyline.
The 25th floor functions as the amenity level and features an indoor heated pool, sauna, exercise room, locker rooms and sundeck with lounge furniture and grills. Additional community amenities include doorman service, a laundry room, on-site dry cleaners, bicycle storage and a 192-space parking garage.
“The property has excellent value-add potential through a renovation program for both kitchens and baths as well as common areas. Being located in the River North neighborhood is ideal for residents and is further supported by its current occupancy of 99%,” commented Lawton.
Matthew D. Lawton, HFF Executive Managing Director, (312) 528-3650, email@example.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,
White began his career with Marcus & Millichap in the fall of 1999 as an agent in the Long Beach office, specializing in multifamily investment properties.
During his brokerage career, he provided representation to more than 100 clients and was a three-time national achievement award winner.
White was promoted to sales manager and then to regional manager of the firm’s Long Beach office in 2003 and was elected a vice president in April 2008.
During his management career, White was also the regional manager of Marcus & Millichap’s West Los Angeles office. He rejoined the sales force in Long Beach as a vice president investments in February 2010.
White graduated from UC Santa Barbara with a Bachelor of Arts degree in environmental studies.
Contact: Stacey Corso, Public Relations Manager, (925) 953-1716
“The property is a fully stabilized asset in a captive market with no loss of occupancy during breaks in the academic year,” says Wiltshire. “MMCC provided supportive data for the underwriting and helped established unit value.
“ We also demonstrated demand for the asset, which further supported the market value needed to complete the loan request,” adds Wiltshire. “We established rate-lock early in the process and were prepared to close in 45 days.”
The loan is for five years, amortized over 30 years with a fixed interest rate of 5.04 percent. The LTV is 70 percent.
The property was built in 2006.
Press Contact: Stacey Corso , Marcus & Millichap Capital Corp., (925) 953-1716
Berger Commercial Realty Corp. Broker Keith Graves Awarded Exclusive Sales Listings from Wells Fargo Bank for Seven Properties Throughout South Florida
Graves has more than 22 years of experience in South Florida's commercial real estate market, specializing in industrial, office, land and retail transactions.
He provides strategic commercial real estate services to local and national companies, including lease acquisition and disposition, market and site analysis, financial analysis, transaction structuring, and long-term strategic planning.
For more information, visit www.bergercommercial.com.
Contact: Marielle Sologuren, Pierson Grant Public Relations, (954) 776-1999, ext. 226, firstname.lastname@example.org
Purchased by Porter Byrum in 1967, Park Road has experienced virtually 100% occupancy for the last 44 years and has enjoyed unparalleled community support in an often volatile retail market.
To continue its focus on community-oriented retail and to assist its retailers with direct messaging to its shoppers, Park Road Shopping Center is now on Facebook at www.facebook.com/parkroadshoppingcenter and on Twitter @ParkRoadCenter.
For additional information about the Company and its retail real estate portfolio, please visit www.edensandavant.com. Or follow on Twitter @EdensandAvant.
CONTACT: Robbie Robertson, Communications Director, +1-803-744-2446, email@example.com
Web Site: http://www.edensandavant.com
ORLANDO, FL --- Cuhaci & Peterson Architects LLC, based in Orlando’s Baldwin Park, has been awarded a contract to design a new Quizino’s Bakery in Celebration.
Jed Downs, president of Cuhaci & Peterson Architects, said the new Quizino’s Bakery will offer 2,000 square feet of space.
General Electric Credit Equity is the developer.
For more information, please contact:
Jed Downs, President Cuhaci & Peterson Architects, LLC, 407-661-9100;
Lonnie Peterson, Chairman Cuhaci & Peterson Architects, LLC, 407-661-9100;
Larry Vershel or Beth Payan, Larry Vershel Communications, Inc. 407-644-4142, firstname.lastname@example.org
SAN FRANCISCO, CA – HFF announced today that it has closed the sale of Montague Oaks Business Park (top left photo), an eight-property, 262,357-square-foot office and R&D business park in San Jose, California.
HFF’s investment sales team marketed the property on behalf of the seller, a joint venture between Prudential Real Estate Investors and McCandless Management Corporation. Eagle Ridge Partners and CarVal Investors purchased Montague Oaks for $39.5 million.
Montague Oaks Business Park is located at 611-695 River Oaks Parkway in Silicon Valley’s Innovation Triangle, close to Interstate 880, US Highway 101 and the San Jose International Airport. The property is 87 percent leased to 12 tenants including Verizon, MicroProbe, ePowersoft and Baxano.
The HFF team representing the seller included director Dave Karol and senior managing directors Michael Leggett and Gerry Rohm.
Afternoon tea at The St. Regis Bangkok – Thailand’s first St. Regis hotel – infuses the century-old tradition with distinct Asian elements to create an unforgettable and delightful experience for guests and locals alike. Afternoon Tea is offered each afternoon from 2:00 – 6:00pm at The Drawing Room.
Since opening in April, 2011, the St. Regis Bangkok has redefined the region’s high standards for luxury hospitality.
Hwee Peng Yeo
Director of Asian Markets
Glodow Nead Communications – Asia
Level 21, Centennial Tower
3 Temasek Avenue
Tel : 65 9768.6087
Glodow Nead Communications
1700 Montgomery Street, Suite 203
San Francisco, CA 94111
T: 1 415.394.6500
C : 1 650.892.4769 F: 415.403.9060
Doug Imber (top right photo) of Essex represented the seller and Doug Fisher, also of Essex, represented the buyer. The price was approximately $1,950,000.
Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.
If you would like more information, please call Doug Imber at 773.305.4902 or e-mail him at email@example.com.
Steve Wood, Company Chief Operating Officer, secured financing for the Shoppes at Beacon Light in the amount of $8,100,000 through Thomas D. Wood and Company’s correspondent relationship with Advantus Capital Management.
Tom Wood also secured financing for the Common Wealth Industrial Center with Summit Investment Partners in the amount of $2,900,000. The fixed-rate loan has a term of 10 years, based on a 20-year amortization and an interest rate of 5.85%.
The loan-to-value is 66.58%. The borrower refinanced the former loan in order to pull some equity out of the property. The 108,795 square-foot multi-tenant flex industrial center was built in 1980, and is located at 3131 Irving Boulevard, Dallas, Texas.
The website may be accessed through http://www.tdwood.com./
For further information, please contact:
Steve Wood, (305) 447-7820, firstname.lastname@example.org
Tom Wood, Jr., (941) 552-9731, email@example.com
Jessica Kinnee, (407) 937-0470, firstname.lastname@example.org
Daymark Realty Advisors and its subsidiaries manage Woodside Corporate Park, a master-planned office campus, on behalf of individual owners. The Nike World Headquarters is conveniently located adjacent to the property on the corner of SW Murray Boulevard and SW Jenkins Road.
“Nike is Woodside’s largest tenant, with more than 425 employees occupying a total of nearly 260,000 square feet of space,” said Dan O’Hare, vice president, asset management. “The lease expansion brings the property’s occupancy rate to a very healthy 95 percent, far outperforming the Sunset submarket, which had an average office occupancy rate of just 75 percent last quarter.”
Woodside Corporate Park is comprised of 13 office buildings totaling nearly 600,000 square feet approximately eight miles from downtown Portland.
The 40-acre park is conveniently located near Highway 26, a major east-west thoroughfare, and offers convenient access to public transportation, restaurants, shopping and Tualatin Hills Park and Recreation.
Woodside Corporate Park offers tenants ample parking with 1883 spaces, a ratio of 3.4 spaces per 1,000 square feet.
Eric Haskins, Dave Squire and Brandon Frank of Grubb & Ellis represented Daymark Realty Advisors in the transaction. Brad Fletcher of Grubb & Ellis represented Nike.
Since January 1, 2011, Daymark Realty Advisors and its subsidiaries have successfully executed lease transactions totaling in excess of 1.6 million square feet, valued at more than $164 million.
For more information regarding Daymark, please visit www.DaymarkRealtyAdvisors.com.
Contact: Damon Elder (714) 975-2659, delder@DaymarkRA.com
Chuck Littell, and Reid Wilbraham, associate vice presidents, in Colliers International’s South Bay office, represented the tenant, Barton Brands of California, Inc.
The landlord, AEW Capital Management, was represented by Bret Quinlan, senior vice president and John Schumacher, executive vice president, in CB Richard Ellis’ South Bay office.
“The tenant has been in the property since it was constructed in the early 1980s,” said Littell. “While they heavily considered moving to a new, larger facility, the economics of a renewal proved to be advantageous. “In the end, Barton was able to immediately reduce occupancy costs while receiving capital to improve the facility’s aesthetics and functionality.” added Wilbraham.
Angela S. Hwang
Regional Marketing Coordinator | Greater Los Angeles
Dir +1 213 532 3258 | Mob +1 310 867 4105
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865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA
ATLANTA, GA--Cousins Properties Incorporated (NYSE: CUZ) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.045 per common share, payable August 25, 2011, to common stockholders of record on August 11, 2011. The $0.045 per share quarterly dividend equates to $0.18 on an annualized basis.
The Board of Directors also declared a regular quarterly cash dividend on its Series A Cumulative Redeemable Preferred Stock. The dividend of $0.484375 per share, or $1.9375 on an annualized basis, is payable August 15, 2011, to Series A preferred stockholders of record on August 1, 2011.
The Board of Directors has also declared a regular quarterly cash dividend on its Series B Cumulative Redeemable Preferred Stock. The dividend of $0.46875 per share, or $1.875 on an annualized basis, is payable August 15, 2011, to Series B preferred stockholders of record on August 1, 2011.
For more, please visit www.cousinsproperties.com.
Cousins Properties Incorporated
Cameron Golden, 404-407-1984
Director of Investor Relations and Corporate Communications
Carter's property and facilities management team was retained and still manages the 98-acre Roswell campus. Carter's brokerage team has also helped Kimberly-Clark identify and negotiate additional leased space over the years.
"Carter's depth of services, robust project management systems and technical resources have helped us solidify this 32-year partnership with Kimberly-Clark," said Barge. "It is great to have the opportunity to work with them again on a new development project."
“This project represents an incredible infill opportunity in a supply constrained submarket with high demand. We’re fortunate to have an exceptional partner in Gables and are grateful for our strong relationship with Emory University, which trusted us with leading this opportunity.”
Located in the Clifton Corridor, adjacent to the Centers for Disease Control and Prevention and in close proximity to Emory University (middle left photo) and Emory Healthcare, Emory Point is a vertically integrated mixed-use development; Phase I will include more than 80,000 square feet of retail space and 443 luxury apartments.
Under the DeKalb County zoning plan for Emory Point, 25 acres of densely wooded land behind the development, approximately half of the site, will be protected as undevelopable under Emory’s land classification plan.
Prior to the rezoning, those woodlands were not protected. The development site is also registered for EarthCraft Communities certification, while the apartment component is registered for EarthCraft Multifamily certification. In addition, retail portions of the development have been designed to meet EarthCraft standards.
“Emory Point sets the new standard for the Emory community because it blends pedestrian-friendly retail with luxury apartment living, all while being an environmentally conscious development,” said David Fitch (lower right photo), Gables Residential President and CEO.
“There is tremendous pent-up housing demand in this neighborhood, making Emory Point a bright spot in an otherwise challenging market.”
The $100+ million Phase I of the project began construction early this month and is expected to be complete by fall 2012. The second and third phases of the project will be developed according to market demand in an area. Emory University, which includes Emory Healthcare, is the largest employer in DeKalb County and the third largest employer in metro Atlanta.
“The proximity of Emory Point to our campus will enhance the social and intellectual vibrancy at Emory by providing housing, dining and retail venues for faculty, staff and students,” said Mike Mandl, Executive Vice President for Finance and Administration, Emory University. “This type of mixed-use development was envisioned during the creation of the Clifton Community Partnership five years ago, and it is gratifying to see it coming to fruition.”
For Cousins Properties
ORLANDO, FL - Lincoln Property Company is pleased to announce the recent sale of 919 Outer Road (top left photo), located in Baldwin Park, Fla.
The freestanding, single-story office building sold for $840,000. Jay Dixon (bottom right photo), vice president with Lincoln Property Company, represented the seller, Issa Homes. Chuck McNulty with McNulty Group, Inc. represented the buyer, 919 Outer Road, LLC.
Built in 2006, the 5,065-square-foot office building is in move-in condition and has ample on-site surface parking. It is located close to a variety of restaurants, shops and amenities in addition to having easy access to state Route 436, state Route 50 and state Route 408.
"Lincoln's diversified platform and strong understanding of the commercial real estate market helps us find great opportunities for our clients," said Dixon. "We are pleased to close yet another deal in the Orlando market."
For more information on the Southeast Region of Lincoln Property Company, please visit www.lpcsoutheast.com.
To check out the blog, go to http://blog.lpcsoutheast.com.
Plaza Advisors exclusively represented the seller in this transaction and co-managing partners Anthony Blanco and Jim Michalak, together with Senior Associate, Lenard Williams were involved in the engagement. The seller and buyer were entities affiliated with Phillips Edison and Company and Forge Capital Partners, respectively.
Tampa Office Miami Office
Jim Michalak Anthony Blanco
3412 Bay to Bay Boulevard 5201 Blue Lagoon Drive, Suite 846
Tampa, FL 33629 Miami, FL 33126
OFFICE: 813-837-1300 OFFICE: 305-629-3606
FAX: 813-831-2627 FAX: 305-647-6441