Saturday, March 14, 2015

$17.95 Million Skilled Nursing Facility Sale in Lakaewood, CO Arranged by IPA

Bethany Rehabilitation Center, 5301 West 1st Avenue, Lakewood, CO

Mark Myers
LAKEWOOD, CO– Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc. specializing in serving institutional and major private real estate investors, is pleased to announce the sale of Bethany Rehabilitation Center, a skilled nursing and short-term rehabilitation facility in Lakewood, Colo.

The $17,950,000 sales price equates to $105,600 per licensed bed.

            IPA executive director Mark Myers, IPA senior director Joshua Jandris, and IPA associate director Charles Hilding advised the seller. Richard Bird, vice president and regional manager of Marcus & Millichap’s Denver office is the firm’s broker of record in Colorado.

CareTrust, the buyer, entered into a triple-net lease with Eduro Healthcare LLC, which took over operations on Feb. 1.

“The CareTrust team worked closely with the existing owner/operator and IPA to close the deal and ensure a smooth and successful transition to the Eduro team,” says Jandris.     

Joshua Jandris
The 56,502-square-foot Bethany Rehabilitation Center is located at 5301 West 1st Ave. in Lakewood, approximately five miles southwest of Denver and within five miles of the 393-bed Denver Health Medical Center. 

The property was built in 1969 on four acres, has 170 active beds and is licensed for 50 additional beds.

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

Gina Relva
Public Relations Manager

(925) 953-1716

East Bay Multifamily Asset in Antioch, CA Trades at $12.4 Million

Village at Park View Apartments,  2800 Gentrytown Drive, Antioch, CA

Adam Levin
 ANTIOCH, CA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Village at Park View Apartments, an 85-unit apartment complex in Antioch, Calif. The $12.4 million sales price equates to $145,882 per unit.

            Adam Levin, first vice president investments in Marcus & Millichap’s Palo Alto office, and Nathan Gustavson, senior associate in San Francisco, represented the seller. Michael Henshaw, vice president investments in Palo Alto, procured the buyer.

“Multifamily assets such as Village at Park View Apartments are providing East Bay apartment operators with opportunities to reap the benefits of being a low-cost alternative in the Bay Area,” says Levin.

“Located in an area with high growth potential and lower property values than the surrounding Bay Area markets, this investment real estate asset presents the new owner with huge upside potential,” adds Henshaw.

Nathan Gustavson

The apartment community is located at 2800 Gentrytown Drive in Antioch. It is adjacent to 7.4-acre Village East Park, a five-minute walk from Somersville Towne Center mall and near access to the Bay Area Rapid Transit (BART) system.

            Built in 1980 on more than four acres, Village at Parkview Apartments features 10 two-story buildings and a mix of one-, two- and three-bedroom floor plans. Amenities include a community laundry room, a swimming pool, and ample on-site parking.

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

Gina Relva
Public Relations Manager

(925) 953-1716

Retail and Office Building in Downtown West Palm Beach, FL Trades for $10.4 Million

222 Clematis Street, Downtown West Palm Beach, FL

Douglas K. Mandel
WEST PALM BEACH, FL  – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 222 Clematis St., a 32,564-rentable-square-foot retail and office building located in downtown West Palm Beach, Fla.

 The asset sold for $10,365,000.

Douglas K. Mandel, a first vice president investments, and C. Todd Everett, a senior associate, both in Marcus & Millichap’s Fort Lauderdale office, represented the seller, a limited liability company from West Palm Beach, Fla., and the buyer, a New York-based private investor.

“Healthy economic growth and improving retail market conditions, combined with a robust appetite for high street retail in premier submarkets, will continue to attract out-of-state and cross-border investors,” says Mandel.

“Located at the epicenter of downtown West Palm Beach’s high-energy Clematis Street block, this was a one-of-a-kind investment opportunity in a strong barrier-to-entry location that is poised to take advantage of the tremendous future growth and critical mass taking shape in the dynamic downtown area.”

C. Todd Everett
The property is a historic two-story building with prime retail on the ground floor fronting Clematis Street and Olive Avenue with loft offices on the second floor. Its tenants include Starbucks, Design Within Reach and Rocco’s Tacos.

The building is surrounded by high-end retail shops, fine restaurants and dynamic nightlife. Its prime location near Centennial Square and the Meyer Amphitheater provides an endless supply of foot traffic throughout the year.

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

Gina Relva
Public Relations Manager

(925) 953-1716

McCarthy Project Director Holly Cindell Receives CREW-OC 2015 SPIRE Award for Women in Commercial Real Estate

Left to right: Angela Kralovec (president, CREW-Orange County), Catherine Falco (co-chair, SPIRE Awards), Holly Cindell (project director, McCarthy Building Companies) and Karen Eddy (co-chair, SPIRE Awards).
Image Credit: Paul Gnasso, Courtesy of CREW-OC

Newport Beach, CA — The Commercial Real Estate Women,  Orange County (CREW-OC) recently presented Holly Cindell, McCarthy Building Companies, Inc. project director, with the 2015 SPIRE Award in the category of "Women in Commercial Real Estate."

Only one recipient is selected to receive this award annually which honors women in the commercial real estate field for their outstanding industry contributions.

Holly Cindell
The award was presented to Cindell on February 26 during the 4th Annual CREW-OC SPIRE Awards ceremony at the Center Club in Costa Mesa, Calif. 

CREW-OC SPIRE (Superior Performance in Real Estate) Awards is the only commercial real estate awards program in Orange County. In addition to the Women in Commercial Real Estate Award, several other project-related awards were given in various categories.

Those eligible to win awards at the event included individuals involved with Orange County developers, construction firms, architects, interior designers, engineers, brokerage professionals, lenders and mortgage bankers.

Cindell has served the construction industry over the last 27 years by excelling in various professional positions and through her involvement with high profile projects throughout California.

As project director, she is responsible for the overall management and direction of the preconstruction and construction efforts on multiple projects for the Southern California division of McCarthy.

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

Laura Mickelson,
 LM Communications
(949) 453-0851 or

BKM Capital Partners Signs Mercury Capital Advisors as Exclusive Placement Agent and Cortland Capital Market Services as Fund Administrator

Brian Malliet
Orange County, CA– As part of its plan to reach its fundraising target of $200 to $300 million by the end of 2015, BKM Capital Partners, a fund manager and operator platform targeting value-add, multi-tenant industrial real estate in the Western U.S., has formally announced it has exclusively signed with Mercury Capital Advisors as its placement agent and Cortland Capital Market Services as fund administrator.

New York-based Mercury Capital Advisors Group is a leading international institutional capital raising and investment advisory enterprise specializing in deep relationships with a broad range of the world’s pre-eminent institutional investors.

According to BKM Capital Partners, the premiere capital raising firms have very rarely accepted first-time funds as mandates for raising capital since the Great Recession.

“While we are technically a first time fund, our team’s tenure together and knowledge of our target sector and markets set us apart.  Our partnership with Mercury Capital Advisors is another important milestone that reflects our strength, abilities, and potential,” says Brian Malliet, CEO and Co-Founder of BKM Capital Partners.

 “Following the formation of our alliance with Mercury, we doubled our fundraise target from $100 million to $200 million, and with their help, we expect to meet or exceed that goal ($300 million hard cap) by the end of 2015.”

Additional information is available at

  Inquiries can be directed to Brett Turner, Director of Acquisitions, at,
 or Charlie Ittner, Director of Investor Relations, at

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

Brower, Miller & Cole
(949) 955-7940


Five Atlantic|Pacific Companies Properties Named Finalists for Florida Communities of Excellence Awards

Paramount at Lake Eola, Orlando, FL
MIAMI, FL – The Florida Communities of Excellence Awards have named five Atlantic|Pacific Companies (A|P) as finalists for the 2015 honors. The nominees are spread across various categories, including water conservation, energy efficiency, civic volunteerism and advocacy, family-friendly programs and initiatives, and disaster preparedness.

The Florida Communities of Excellence Awards recognize outstanding communities that invest time in improving the quality of life of their residents.

The finalists for the awards, which were founded in 2009 and are presented annually, were chosen by a group of judges including state, county, and local government agencies and departments, as well as local professional and non-profit organizations.

The winners will be announced May 2015 at the Seventh Annual Conference & Awards Gala in Weston, Florida.

The five A|P finalists and the categories they were nominated are listed below:

Water Conservation (Indoors and Outdoors): Small communities
·  Apogee Beach Condominium Association, Hollywood, FL
Energy Efficiency: Small communities
·  Castillo at the Westshore Yacht Club, Tampa, FL
Civic Volunteerism & Advocacy: Small communities
·  River Dance Condominium Association, Bradenton, FL
  Family Friendly Programs & Initiatives: Small communities
·  Paramount on Lake Eola, Orlando, FL
Disaster Preparedness Initiatives: Small communities
·        Trump Hollywood, Hollywood, FL

For more information about A|P and its platforms, visit
or call (800) 918–1145.

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

Jessica Wade Inc.:  
Jessica Wade Pfeffer |
  (305) 804 - 8424
Margie Sernik |

  (786) 200 - 2516