Wednesday, November 28, 2012

Second Annual Hotel Equity & Lender Perspectives (HELP) Conference Set For April 8-9, 2013 at Boston’s Seaport Waterfront Hotel


BOSTON, MA – Nov. 27, 2012—The nation’s leading hotel executives will gather in Boston April 8-9, 2013 for the second annual Hotel Equity & Lender Perspectives (HELP) Conference to discuss the outlook for hotel finance, real estate and development transactions. The two-day hotel investment event will be held at the Boston Seaport Waterfront Hotel.

“The hotel industry will be in its fourth year of recovery by 2013, rapidly approaching peak revenue levels last achieved in 2007,” said Chad Crandell, event co-founder and President of CHM.

Chad Crandell
“There is a perceptible, positive change in the availability of financing, which is expected to have a significant impact on the number of hotels changing hands and the decision to move forward on development plans.

“ The HELP Conference provides the setting for getting those hotel deals in motion.  We anticipate more than $1 billion in transactions will be in play at the conference with the leading ownership groups, lenders and franchisors in attendance.”

More information about the Hotel Equity & Lender Perspectives Conference, including sponsorship details, is available at or by calling (978) 777-4100.       

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

Jerry Daly,
Chris Daly
Daly Gray, Inc.

HFF arranges $35 million financing for four-property Lowe’s portfolio in the Southeast

Kevin MacKenzie
 ATLANTA, GA – HFF announced today that it has arranged $35 million in acquisition financing for a portfolio of four Lowe’s stores totaling 523,735 square feet in the southeast.

                HFF worked on behalf of the borrower, IRA Capital LLC to secure two five-year, 4.3 percent fixed-rate loans through Cantor Commercial Real Estate (CCRE).  HFF will also service the loans.

                The portfolio is comprised of Lowe’s stores located in the southeast region of the United States.  All were built between 1997 and 1999 and are fully leased to Lowe’s.

John Chun
The HFF team representing IRA Capital LLC was led by senior managing director Kevin MacKenzie, director John Chun and associate director Bill Ireland.

                IRA Capital LLC is a privately-held real estate investment and management company with a diverse portfolio of commercial property holdings throughout the United States.

Bill Ireland
The firm acquires core, core-plus and value-add real estate for its own account and on behalf of its co-investment partners, which include high net worth individuals, family offices, opportunity funds and institutions.

  The company seeks to first and foremost preserve investor capital, and to provide attractive risk-adjusted returns over a mid-to-long-term hold period.  Over the last 24 months, IRA Capital LLC has acquired more than $225 million in commercial real estate and is projected to close on an additional $100 million by year end.


Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |

HFF closes sale and arranges acquisition financing for 4900 Woodway in Houston

4900 Woodway, Houston, TX
HOUSTON, TX – HFF announced today that it has closed the sale of and arranged financing for 4900 Woodway, a 119,127-square-foot, 12-story office building in Houston, Texas.

                HFF represented the seller, Fidelis Realty Partners, Ltd. and BayNorth Capital LLC in the sale of the property to 49 Woodway LLC.  HFF also arranged a fixed-rate acquisition loan on behalf of the buyer through AIG Global Investment Group.

                4900 Woodway is situated on 1.3 acres immediately west of Loop 610 in Houston’s Galleria/Uptown submarket about five miles west of downtown Houston.  The property has an attached four-level parking garage and is currently 90.7 percent leased.

Dan Miller
The HFF investment sales team representing the seller was led by senior managing director Dan Miller and director Martin Hogan.

                HFF’s debt placement team was led by senior managing director Susan Hill.

Martin Hogan
Fidelis Realty Partners is a commercial real estate investment, development and related services firm with a focus on retail assets. 

 Today its portfolio consists of more than 5.1 million square feet of income properties, 1,000 acres of developable land and approximately one million square feet of properties in various stages of development.  The firm currently has properties in Texas, Louisiana and New Mexico.
Susan Hill

BayNorth Capital LLC is a real estate investment firm with a seasoned team of real estate professionals. Based in Boston, the firm was formed in 2004 as a spin out of the real estate investment group from Charlesbank Capital Partners, LLC, which had previously spun out from Harvard Private Capital. The firm is led by managing directors Charlie Wu, Charlie Flint and David Cronin.


Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |

HFF closes $106.75 million sale of office portfolio in Boston’s Seaport District

Coleman Benedict
BOSTON, MA – HFF announced today that it has closed the $106.75 million sale of a four-property, 362,562-square-foot office portfolio in Boston’s Seaport District. 

The HFF team led by Coleman Benedict and Ben Sayles exclusively represented the seller, Brickman Associates, and procured the buyer, DivcoWest Properties.

                The portfolio is a collection of unique “brick & beam” office buildings and is comprised of the following assets:

Ben Sayles
300 A Street (106,171 square feet), 313 Congress Street (70,217 square feet), 330 Congress Street (35,811 square feet) and 51 Sleeper Street (150,363 square feet). 

Originally constructed as wool warehouses, the assets have been converted into high-quality office spaces, which have been the recipients of major capital improvements.

 Under Brickman’s ownership, these assets have been institutionally maintained and operated.  The portfolio is located in Boston’s Seaport District, an area that is experiencing unprecedented growth as a result of major public and private investments. 

Riaz Cassum
Specifically, the assets are located in the Fort Point neighborhood, which is marked by a concentration of creative firms in open, loft-style work environments. 

“The Fort Point Channel is marked by rising tenant demand and diminishing supply,” said Coleman Benedict, senior managing director.  “Not surprisingly, investor interest continues to be incredibly strong as the Seaport is one of nation’s most exciting submarkets.”

“These are all buildings with great bones in a dynamic submarket of Boston that is rapidly growing in its appeal for companies seeking creative workplace environments,” said Stuart Shiff, CEO of DivcoWest.  

Lauren O'Neil
In addition to the sale of the portfolio, HFF also arranged the $31.4 million acquisition financing for 51 Sleeper Street, which was led by Eastern Bank.  HFF senior managing director Riaz Cassum and director Lauren O’Neil exclusively represented DivcoWest. 

Brickman is a real estate private equity firm with 18 years of experience investing in real estate debt and equity.  The firm has invested over $3.0 billion of total capital in more than 70 real estate transactions throughout the United States and currently manages more than 3.0 million square feet of office space.

DivcoWest, founded in 1993, is a privately owned real estate investment firm with offices in San Francisco and Boston.  The company has acquired more than 22 million square feet of commercial space throughout the United States.  DivcoWest and its affiliates are currently managing over $2.0 billion of equity.  Presently under management are both commercial and residential assets, including the underlying debt.


Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |