Wednesday, August 6, 2014

HFF secures $480 million construction loan for mixed-use development in downtown San Francisco, CA

Peter Smyslowski
SAN FRANCISCO, CA – HFF announced today that it has arranged construction financing for the development of 181 Fremont Street, a LEED Platinum Certified, fully-entitled, class A+ office and luxury condominium development in the heart of the South Financial District in San Francisco, California.

               HFF secured the $480 million construction loan for Jay Paul Company, one of the West Coast’s leading real estate development firms, through Starwood Property Trust.  HFF closed the sale of the asset in 2013 for an undisclosed amount, and Jay Paul commenced construction of the Tower shortly thereafter.

               The site is situated on 0.35 acres in San Francisco’s South Financial District immediately adjacent and connected to the new business district known as Transit Center District.

  When completed, the 55-story, mixed-use property will rise 802 feet high and will be the tallest office and residential tower on the West Coast. 

Chris Gandy
The LEED Platinum Certified project features a state-of-the-art exoskeleton design with efficient column-free floor plates, panoramic city and bay views, and a direct connection via sky-bridge to the Transbay Transit Center 5.4-acre rooftop city park.

The HFF debt placement team was led by managing director Peter Smyslowski, director Chris Gandy and associates Walter Chui and Brandon Roth.

               “It was a privilege to play a small part in the development of what will be one of the most iconic office towers in the nation,” Smyslowski said.  “Starwood Property Trust performed flawlessly, and the Jay Paul Company has planted an enormous flag in the San Francisco skyline.”

Founded in 1975, Jay Paul Company developed over 8 million square feet of institutional quality commercial real estate throughout California. The company focuses on the creation of large scale, award winning campuses. 

These innovative and sustainable workplaces have been embraced by the world's leading technology companies.

  For more information, please visit

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

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

Partyka Group at NAI Realvest negotiates $513,000 Sale of retail facility off Hwy 192 in Kissimmee, FL

Paul Partyka
 ORLANDO, FL –  Paul P. Partyka and Juan Jimenez – the Partyka Group at NAI Realvest – recently negotiated the $513,000 sale price for a 10,500 square foot restaurant /retail facility at 4118 W. Vine St. off Hwy. 192 in Kissimmee.

 Partyka and Jimenez brokered the transaction representing the seller, Titusville, Fla-based SBI Leasing, Inc.

 The buyer Latin Ale House, LLC has strong retail experience in Central Florida, according to Partyka. 

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

Larry Vershel or Beth Payan, Larry Vershel Communications

Winter & Co.'s Doug Chitel Arranges $14.2 Million in Financing for New York City Properties

NEW YORK, NY -- Doug Chitel has arranged $14,200,000 in financing for a portfolio of investment properties including multifamily and mixed-use buildings and two cash-flowing condominium units located on the Upper West Side and in the SoHo neighborhood of Manhattan, NY.

 Doug was able to arrange the buildings' financing at a rate of 3.5%, fixed for 6 years. 

Doug Chitel
The balance sheet loan has a lenient, step-down prepayment penalty structure, giving the borrower maximum flexibility in future years and also generated enough surplus loan proceeds to net the borrower more than $4,500,000 in cash.

This was Doug's second successful transaction in three years with his satisfied client. Doug can be reached at (212) 532-1122 x135 or

Winter & Company is a Manhattan-based, commercial mortgage advisory firm that specializes in arranging development and construction financing, multifamily and mixed-use property financing and arranging cooperative underlying mortgages since 1989.

Its affiliate, W Financial Fund, LP is a direct private bridge lender providing short-term, special situation financing primarily for NYC multifamily and mixed-use properties celebrating its 10th year of successful operations.

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

Gregg Winter - President
Winter & Company
Creative Minds | Unparalleled Service ®
149 Madison Avenue, Seventh floor
New York, NY 10016
Phone: 212 532-1122 x1