Thursday, September 13, 2012

HFF closes sale of 10-property New Jersey and New York self storage portfolio

 HOUSTON, TX – HFF announced today that it has closed the sale of a 10-property self storage portfolio totaling more than one million square feet with assets located throughout New Jersey and New York. 

HFF marketed the properties exclusively on behalf of the seller, The Hampshire Companies.  Extra Space Self Storage purchased the portfolio free and clear of existing debt.

The HFF team representing the seller was led by senior managing directors Aaron Swerdlin (middle right photo)  and Jon Mikula (lower left photo).

 The Hampshire Companies is a full-service, private real estate firm based in Morristown, New Jersey.  The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments.  Additional information on The Hampshire Companies is available online at 

Extra Space Storage® Inc. (NYSE: EXR) is a real estate investment trust based in Salt Lake City, Utah with regional offices in California, Connecticut, Florida, Maryland, Massachusetts, New Jersey, New York and Texas.  Extra Space Storage is the second largest operator of self storage in the U.S., and is a national owner, developer, acquirer and operator of professionally managed self storage properties.


HFF Associate Director, Marketing
(713) 852-3500                                               

HFF arranges $22.8 million mezzanine financing for The Marke at South Coast Metro in Santa Ana, CA


 IRVINE, CA – HFF announced today that it has arranged a $22.8 million mezzanine financing for the development of The Marke at South Coast Metro (top left photo), a 300-unit, Class A multi-housing community under construction in Santa Ana, California.

                HFF worked exclusively on behalf of Lyon Communities to secure the three-year mezzanine loan through Pearlmark Real Estate Partners.   

The Marke at South Coast Metro is located on a 4.44-acre site at the corner of Main Street and MacArthur Boulevard off the 55 Freeway in Santa Ana. 

The four and five-story complex will have one-, two- and three-bedroom units averaging 950 square feet each. 

Residents will have access to a rooftop pool with clubhouse, fitness facility, movie theater, billiards and card room, video game room, two bowling lanes,   e-business center, demonstration kitchen, pet grooming spa and full service “CafĂ© Deli” and convenience shop. 

The Marke at South Coast Metro also includes a 660-space parking garage.

The HFF team representing Lyon Communities was led by directors Mark Erland (lower right photo)  and Charles Halladay (lower left photo).

For a complete copy of the company’s news release, please contact:

HFF Associate Director, Marketing
(713) 852-3500

Famed Egyptian Theatre in Hollywood, CA, Home of the First Movie Premiere Celebrates 90th Anniversary

HOLLYWOOD, CA -- The historic Egyptian Theatre (photos on page), located on Hollywood Blvd along the Hollywood Walk of Fame, has a storied 90 year history of hosting movie premieres, showcasing iconic Hollywood events and catering to the movie stars of Hollywood's Golden Age as well as today's film stars and film makers.

The Egyptian Theatre is the home of the world's first movie premiere, "Robin Hood" starring Douglas Fairbanks in 1922. The Egyptian established the archetype for movie premieres used for the last nine decades.

The American Cinematheque, an acclaimed arts organization dedicated to film's global influence as an art form, purchased The Egyptian from the Los Angeles Community Redevelopment Agency for $1 dollar, after the 1994 Northridge Earthquake did substantial damage to the theatre.

After a multiyear and more than 12 million dollar restoration and preservation effort, The Egyptian reopened in 1998 as the permanent home of The American Cinematheque.

Barbara Smith (lower right photo), The Cinematheque Executive Director and co-founder, and Henry Shields (lower left photo), The President of The Cinematheque Board of Directors, were integral in the redevelopment and preservation efforts, which received numerous awards, including a National Trust for Historic Preservation Award.

The main theatre accommodates 616 patrons and is named after Los Angeles philanthropist Lloyd E. Rigler. The smaller, 77-seat theatre is named for Hollywood producer/director Steven Spielberg.

The Egyptian now hosts a new generation of red carpet events, film programs and special events for both Cinematheque members and the general public, that draw diverse crowds within the local community, the entertainment industry and cinephiles from around the world.

The theatre is a part of the fabric of the history of film and entertainment, giving visitors and a new generation of film lovers a unique opportunity to enjoy the movie going experience in an historic setting with state of the art projection and sound equipment.

The official celebration of The Egyptian's 90th Anniversary will be held at the theatre on October 20th, 2012.

"In addition to our acclaimed film programs, The Egyptian Theatre's re-opening and successful operation have played an integral role in the revitalization of Hollywood and the area's renewal as a vibrant arts, residential, restaurant and entertainment community," comments Mary Anne Keshen (bottom right photo) Cinematheque Board member.

"The American Cinematheque's preservation and reopening of The Egyptian has been widely credited by both business leaders and LA City officials as spurring the renaissance of Hollywood's redevelopment as a vibrant neighborhood and revitalized visitor destination, demonstrating the significant impact that cultural arts organizations play in sustaining and enhancing local communities," explains Ms. Keshen.

The Egyptian Theatre and The Cinematheque's West Los Angeles theatre, The Aero Theatre on Montana Ave, located in the heart of Santa Monica, are both centerpieces of their local communities and enhance the area's retail, shopping and visitor base.

The legacy of the Egyptian Theatre and its storied history will continue to endure as an entertainment destination for local Angelenos and tourists alike, furthering the renaissance in community redevelopment and quality arts programming for a vast audience.

For more information about The Egyptian Theatre or the 90th anniversary celebration, go to


Kristin Wu
in Anne Keshen’s Office
Cinematheque Board of Directors
(310) 859-4633

HFF marketing equity investment opportunity for grocery-anchored retail portfolio in Southern California


 LOS ANGELES, CA – HFF announced today that it has been exclusively retained by affiliates of DJM Capital Partners, Inc. (DJM), to offer qualified investors the opportunity to invest equity in a four property, approximately 962,000-square-foot, predominantly grocery-anchored retail portfolio known as the DJM Retail Portfolio in Southern California.

The equity contribution will be used to recapitalize the portfolio and an investor priority for future retail investment opportunities. The requested funds will be distributed to long-term existing investors on a pro-rata basis, while principals of DJM will maintain significant equity positions in the portfolio going forward.   DJM will maintain day-to-day management responsibilities of the properties.

The HFF team representing DJM Capital Partners is led by managing director Bryan Ley (top right photo) along with director John Crump (middle left photo), senior managing director Michael Leggett (lower right photo) and managing director Peter Smyslowski.

“This equity opportunity will enable an investor to participate in the ownership of this highly desirable, core Southern California retail portfolio, while providing an ongoing source of new opportunities for future similar quality retail investments,” said Ley.

DJM Capital Partners, Inc. is a leading provider of value added private equity investment, development and asset management services within California’s real estate sector. 

Since its founding in 1992, DJM has been known for employing an entrepreneurial investment approach to identifying and acquiring undervalued commercial properties throughout California; and managing, developing or re-positioning these assets to realize the greatest possible returns commensurate with the risk.

For a complete copy of the company’s news release, please contact:

Associate Director, Marketing
(713) 852-3500

PCCP, LLC Provides $60 Million Senior Loan to Refinance 600,000-SF Office Complex in Rutherford, NJ

 New York, NY - PCCP, LLC announced today it has provided a $60 million senior loan to refinance Meadows Office Complex (top left photo), a two-building, 600,471-square-foot office property in northern New Jersey on behalf of the ownership, a joint venture between Onyx Equities, LLC and SL Green Realty Corp.

“PCCP worked with the ownership for more than six months as they explored alternatives toward recapitalizing the asset,” said John Randall (lower right photo) senior vice president with PCCP, LLC. “With our financing, the ownership now has the structure and new capital to do some planned renovation work as they look to reposition the asset, increase occupancy and create additional value at the property.”

Meadows Office Complex is currently 79 percent leased to over 60 diversified tenants with several leases pending. The largest tenant is Malo, an internationally renowned wellness and dental clinic which has a long-term lease.

The property’s ownership, with Onyx directly managing the property, plans to actively manage the upcoming lease rollovers and evaluate opportunities to extend leases, as well as work with existing tenants who have expressed a desire to expand in the space.

Built in the mid-1980s, Meadows Office Complex consists of two, 12-story Class A, institutional quality office buildings.

 For a complete copy of the company’s news release, please contact:

Darcie Giacchetto
Spaulding Thompson & Associates

Republic of France Leases 9,654 SF at Espirito Santo Plaza Miami

MIAMI, FL -- The Republic of France on behalf of the Consulate General of France has finalized a long term lease renewal for 9,654 RSF on the 10th floor of Espirito Santo Plaza (top left photo) at 1395 Brickell Avenue, Miami. 

 The Consulate General was represented by Chris Lovell (lower right photo) and Mike Hopper of Studley Inc.'s Miami office.  Brian Gale, Andrew Trench and Ryan Holtzman of Taylor & Mathis of Florida represented the Landlord, Estoril Incorporated in the transaction.

For additional information on the property or owner visit,

Taylor & Mathis is a diversified real estate company specializing in the development, marketing and management of office buildings, suburban office parks, industrial parks and mixed-use projects.

 Founded in 1967, the company has developed properties exceeding $1.9 billion in value and has established itself as one of the most respected regional real estate firms in the United States.

 Based in Atlanta, with offices in Tampa and Miami, Taylor & Mathis concentrates its business activity in primary growth markets in the southeastern United States. For more information, visit


Sean DuPree Joins Lincoln Property Company as Director of Sales/Leasing in Orlando, FL


ORLANDO, FL (Sept. 13, 2012) – Sean DuPree (top right photo) has joined Lincoln Property Company as Director of Sales and Leasing. He specializes in the sales and leasing of office and industrial properties in Central Florida.

Prior to joining Lincoln, DuPree was an Associate at NAI Realvest, where he focused on the sales and leasing of office and industrial properties. During his nine-year tenure with the firm, DuPree completed more than 175 commercial real estate transactions.

“Sean is an extremely talented sales and leasing agent who will help our clients tremendously,” said Scott Stahley (lower left photo), Senior Vice President of Lincoln Property Company.

“His extensive knowledge of the Central Florida area will help our sellers and landlords position their properties to maximize sale prices, lease rates and overall returns on investment.  His research also will enable our buyers and tenants to negotiate the lowest purchase prices and rental rates.”

DuPree is a graduate of the University of Florida and also has a MBA from the Crummer Graduate School of Business at Rollins College. He is a Certified Commercial Investment Member (CCIM) and a member of the National Association of Industrial and Office Properties (NAIOP) and the Central Florida Commercial Association of Realtors (CFCAR

For More Information, Contact

Stephen Ursery
Wilbert News Strategies

Foreclosure Activity Increases 1% in August, Reports RealtyTrac®

 IRVINE, CA – Sept. 13, 2012 — RealtyTrac® (, the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for August 2012, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 193,508 U.S. properties in August, an increase of 1 percent from July but down 15 percent from August 2011.

 The report also shows one in every 681 U.S. housing units with a foreclosure filing during the month.

“Bucking the national trend, deferred foreclosure activity boiled over in several states in August,” said Daren Blomquist (top right photo), vice president of RealtyTrac.

“In judicial states such as Florida, Illinois, New Jersey and New York, this was a continuation of a trend we’ve been seeing for several months now.

“ The increases in Florida and Illinois pushed foreclosure rates in those states to the two highest in the country — supplanting the non-judicial states of Arizona, California, Georgia and Nevada. Previous to August, the nation’s top two state foreclosure rates have been from those four non-judicial states every month since December 2010.”

For a complete copy of the company’s new release and full statistics, please contact:

Christine Stricker
949.502.8300, ext. 268

Michelle Schneider
949.502.8300, ext. 139

Order Custom Data:
Data Sales Department

Greystone Originates $45 Million in Financing for Affordable Housing Multifamily Property in New York City

 New York, NY – Greystone Servicing Corporation, Inc. (Greystone), a leading national provider of multifamily and commercial mortgage loans, announced today it has provided a $45 million Fannie Mae MAH DUS loan for Capitol Apartments (lower left map), a 278-unit property in New York City.

The 10-year, fixed rate loan was originated by Rob Meehan, Director and Brian Liske, Managing Director in Greystone’s New York City office, and includes a 53% loan-to-value (LTV) and a rate of 3.03%.

 Leveraging their expertise of the New York City real estate market, Mr. Meehan and Mr. Liske worked to obtain transaction approval within 30 days of receiving a completed application, along with the requested due diligence, and were able to close the deal in 60 days.

The loan was used to refinance an existing loan on the property, which consists of 250 Section 8 senior housing apartments, 28 market rate apartments and 6 ground retail stores.

 “Our knowledge of the local market, combined with a close relationship with Fannie Mae, allowed us to successfully meet our client’s financing needs in an efficient and thorough manner,” said Billy Posey (top right photo), Executive Vice President of Greystone Servicing Corporation. “We’re seeing a lot of growth and potential in the New York City real estate market, and look to do more of these deals in the future.”

Jessica Kleinman
+1 646 395 6314