Thursday, June 9, 2016

Capitol Towers in Charlotte, NC Receives LEED Gold Certification


 
Johno Harris
CHARLOTTE, N.C. (June 9, 2016) — Capitol Towers, a premier Class A office development located in the prestigious SouthPark community in Charlotte, North Carolina, has received LEED Gold certification.

“We are proud to contribute another LEED Gold development with many sustainable and energy efficient features in our newest office complex, Capitol Towers,” said Johno Harris, president of Lincoln Harris.

Sustainability and energy efficient features at Capitol Towers range from an on-site parking deck that provides preferred parking for low emission vehicles to an HVAC system designed to measure and filter air before entering the building providing adequate fresh air to tenants.

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


Savannah Durban
The Wilbert Group
404-343-0879 (O) 404-901-4433 (C)


TRYP by Wyndham Brings Mediterranean to the Marina with New Lifestyle Hotel in Ft. Lauderdale, FL


Chip Ohlsson
PARSIPPANY, N.J. (June 9, 2016) – TRYP by Wyndham, Spanish-born brand and lifestyle hospitality trendsetter, is bringing its unique urban twist to Fort Lauderdale with the TRYP by Wyndham Maritime Hotel, the brand’s first hotel in Florida and third in the U.S.

The 150-room, new construction hotel is managed by Florida-based Innisfree Hotels and owned by Taplin Development Company, the successful developer of more than 2,500,000 square feet of luxury apartments, landscape design projects, and mixed use developments. The hotel is expected to open in March 2017.

TRYP by Wyndham offers an insider’s look at the most exciting cities in the world and Fort Lauderdale is no exception. The city is a flourishing travel destination thanks to the increased popularity of its growing airport, cruise port and convention centers.

TRYP by Wyndham Maritime Hotel will embrace the essence of the surrounding marina, sporting a nautical design including elements inspired by local marine life and the cruise ships that grace its shores every day.

“TRYP by Wyndham is unlike any other lifestyle brand, appealing to international travelers and fascinating U.S. guests experiencing it for the first time,” said Chip Ohlsson, Wyndham Hotel Group’s chief development officer. “It offers travelers a lifestyle experience completely unique to Fort Lauderdale, backed by the power of the world’s largest hotel company and one of the area’s most successful developers.”

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


Gabriella Chiera
Wyndham Hotel Group
22 Sylvan Way,
Parsippany, NJ, 07054
(973) 753-6590




Charles Dunn Co. Completes Sale of Retail Property Occupied by Wendy’s in Canoga Park, CA


Kyle Gulock
LOS ANGELES, CA, June 9, 2016 – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $2,975,000 sale of a 3,139 square-foot, single-tenant, NNN-leased property occupied by Wendy’s in Canoga Park, Calif.

Kyle Gulock and Jason Cope of Charles Dunn Company represented the buyer, a private investor from Orange County. 

The seller, a private investor from Los Angeles, was represented by Sands Investment Group. The transaction closed at a capitalization rate of 5.87 percent and sold for $948 per square foot.

“We represented the buyer on the ‘down leg’ sale of a net leased investment property earlier this year and this acquisition satisfied its 1031 exchange,” said Kyle Gulock. 

“The purchase of the Wendy’s occupied asset provided our client with a stable investment, that offered greater cash flow, and a longer lease term in place. The buyer plans to hold this property long term.”

Built in 2001, the property is located at 8232 De Soto near the major cross street of Roscoe Blvd. The property sits on an infill Los Angeles location with ideal demographics for a fast food restaurant.


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

Darcie Giacchetto
949.278.6224



Michael Breclaw Joins FitzGerald Associates Architects in Chicago, IL


Michael Breclaw
CHICAGO, IL (June 9, 2016) – FitzGerald Associates Architects, a leading national residential and commercial design firm, announced that award-winning industry veteran Michael Breclaw, AIA, LEED AP, has joined the firm as associate principal.

Breclaw has more than 25 years of experience as a design professional and has led design on a wide variety of projects, including large-scale retail and mixed-use developments, multifamily and student housing, and corporate and governmental/institutional complexes.

Among his significant projects are the mixed-use developments of Uptown Park Ridge in Park Ridge, Ill., and NEWCITY in Chicago’s Lincoln Park neighborhood, both of which have won Urban Land Institute Chicago’s Vision Award. Breclaw also led the design of Motorola’s former campuses in Libertyville and Harvard, Ill.

“The value Mike adds to our team cannot be overstated,” said Pat FitzGerald, chairman and managing principal of FitzGerald Associates Architects. “His considerable design experience in mixed-use and transit-oriented development is a natural fit with our firm’s core services.

Further, his deep knowledge of retail, student housing and institutional design will allow us to expand service to our clients as they grow their businesses and explore new design options for their developments.”

Prior to joining FitzGerald on June 1, Breclaw worked at Chicago-based OKW Architects as principal and director of design for more than 14 years.

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

John Holden, jholden@taylorjohnson.com, (312) 267-4538

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

Marcus & Millichap Arranges $1.36 Million Sale of 12-unit The Vendome Apartments in Tampa, FL


Cameron Barbas
TAMPA, FL, June 9, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of The Vendome, a 12-unit apartment building located in Tampa, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $1,366,500.

Cameron Barbas, associate, Francesco P. Carriera, first vice president investments, and Michael P. Regan, first vice president investments, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, also was secured and represented by the three brokers. 

The Vendome is located at 1710 West Jetton Avenue in the highly desirable Old Hyde Park submarket, and is approximately five blocks northwest of the beautiful Bayshore Boulevard.

 The property consists of one, two-story building comprised of 12 one-bedroom/one-bathroom units with 800 rentable square feet. The building sits on an approximately 0.17 acre parcel of land. Hyde Park Village and the South Howard District are both within a five minute walk from the Vendome providing residents with ample shopping and leisure activities, which includes L.A. Fitness, Publix Green Wise, Winn-Dixie, a movie theater, a multitude of boutique and national retail stores and multiple local restaurants.

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

Richard D. Matricaria
First Vice President / Regional Manager
Tampa, FL

(813) 387-4700

Fifield Realty Corp. Names Randy Fifield Chairwoman, Kevin Farrell President

  
Randy Fifield
CHICAGO, IL (June 9, 2016) – Fifield Realty Corp., one of the nation’s leading multifamily developers, today announced it has promoted Randy Fifield to the position of chairwoman, while Kevin Farrell was recently named president.

“With projects taking us from Los Angeles to Austin and, of course, many in our hometown of Chicago, this is one of the most active and exciting times in Fifield’s history and it’s an honor to have such driven and esteemed individuals leading the way for us,” said Steve Fifield, chairman of Fifield Cos., parent company of Fifield Realty Corp. 

As chairwoman of Fifield Realty Corp., Randy Fifield will oversee the design, marketing and execution of Fifield’s apartment projects in Chicago and Austin, Texas, along with those in Los Angeles with its sister company, Century West Partners.

Kevin Farrell
Since joining the firm in the 1990s, Randy Fifield has led the rapid growth of Fifield’s multifamily division and, alongside Steve, spearheaded the delivery of more than 3,000 luxury apartment units across the country.

Actively involved in all stages of the development process, she is currently managing the completion of four luxury rental projects comprising 1,492 units, all of which are set to deliver by the end of 2017.

They include NEXT, a 310-unit tower in Chicago’s River North neighborhood; The Sinclair, a 390-unit, transit-oriented mixed-use development in Chicago’s Gold Coast neighborhood; NEXT on Lex, a 494-unit complex in Glendale, Calif.; and NEXT on Sixth, a 398-unit community in Los Angeles. She also produces Randy Fifield Modern Living, a lifestyle blog.

“Randy’s passion and resolute vision that the luxury apartment market was the ‘next big thing’ in real estate has driven the Fifield Cos. to an unprecedented level of success,” said Steve Fifield.

 “Her foresight and understanding of the market has been vital to that success – from her innovative use of Designer Showcases to create buzz around our projects to the high-end unit finishes, luxury amenities and convenient work-from-home features that are hallmarks of our buildings. She is a masterful communicator and multi-tasker whose determination and leadership will take Fifield Cos. well into the future.

“I am in constant awe of her energy and enthusiasm,” he added. “She’s a champion of women in the commercial real estate field and the best partner I could have in business – and life.” 

Steve Fifield
A Northwestern University graduate, Randy Fifield serves on the boards of the Prentice Women’s Hospital and the Ann & Robert H. Lurie Children's Hospital of Chicago.
  
In his new role as president, Kevin Farrell will manage Fifield Realty Corp.’s national apartment acquisition program as well as its new construction and adaptive reuse projects in Chicago and Los Angeles.

Prior to joining Fifield in 2008, Farrell was a vice president at Related Companies, where he managed rental and for-sale residential development projects, including Roosevelt Square, a 2,400-unit mixed-income residential community on Chicago's Near West Side.

“I have worked with Kevin on and off for more than 30 years and feel privileged to have his expertise in acquisitions, development and construction as part of the Fifield family,” said Steve Fifield.

“It’s been very rewarding to watch him rise from a construction manager on the Fifield team during the 1980s to successfully leading our West Coast expansion with the creation of Century West Partners, which today has more than 2,300 units in various stages of development in the Los Angeles area. I look forward to seeing where his next chapter takes Fifield Cos.”

Farrell holds an MBA from the Illinois Institute of Technology and bachelor’s degree in civil engineering from the University of Illinois at Urbana-Champaign. Farrell recently served on the city of Chicago's Green Urban Design Task Force.

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

Lehia Franklin Acox, lfacox@taylorjohnson.com, (312) 267-4511
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527