Saturday, June 17, 2017

The Keyes Company Gains Traction with Chinese Investors Hungry for South Florida Real Estate

Indra and Haimnath Ragbir

 Miami, FL – The Keyes Company has made substantial inroads with many of the wealthy Chinese investors looking for real estate investments in South Florida and the Caribbean.

During the last three years, the firm has dedicated significant resources focused on China’s exclusive Luxury Property Show – including the LPS Beijing 15th Edition event running June 16-18 and again in Shanghai December 8-10.
Recent reports show China is projected to be responsible for nearly $220 billion in direct investment in U.S. commercial and residential real estate from 2016 to 2020. Keyes has positioned itself to take advantage of this trend. The firm began traveling to China for the Luxury Property Show in May 2014 and plans to continue making multiple trips each year for the next decade.

Mike Pappas
Indra and Haimnath Ragbir of Keyes spearhead the China trips. The Ragbir team specializes in luxury residential properties, the EB-5-USA Visa Immigration Program, commercial properties and international buyers.

“Each opportunity to present at the Luxury Property Show gives us access to ultra-luxury real estate investors from all over the world,” said Haimnath Ragbir.  “We’re excited that several South Florida and Caribbean developers have placed the confidence in our team to help market their projects to well-healed international buyers from China, Russia, Middle East, India and Europe.”

In addition to Keyes and Illustrated Properties luxury listings, other properties will also be featured at LPS Beijing including Brickell City Centre (in conjunction with One Sotheby’s), Palazzo Del Sol -Fisher Island, Buena Vista-Key Biscayne, Metropica, Paramount, The Gale, RIVA Residences-Fort Lauderdale, The Grove Resort-Orlando, City Center West Orange, The Reserve at Edgewood, and a The Island Ranches at the South of Abaco.

The Ragbirs will be spending nine days in Beijing with seven Keyes associates building on the relationships they developed at prior LPS events and striking up new ones.

“We are fully committed to the luxury market segment; capitalizing on the inbound offshore business fits perfectly with our strategy,” said Keyes CEO Mike Pappas. 

“The high level of activity generated from each China trip shows us that many Asian and Eastern European investors are seeking U.S. residency and the excellent investment opportunities in our growing South Florida real estate market.”

In 2016, Keyes listed more than one billion dollars in homes valued at more than a million dollars under its Keyes, Illustrated Properties and Platinum Properties brands.  

“The Ragbirs have done a great job building lasting relationships with offshore investors,” added Pappas.  We are excited about the prospects for the upcoming LPS Beijing 15th Edition event.”

For a complete copy of the company’s news release, please contact:
Jasmin Curtiss
PR Coordinator, BoardroomPR

O 954-370-8999

Marcus & Millichap Arranges $700,000 Sale of Sherwin Williams Fall River Site in Fall River, MA

Jaclyn Blair

FALL RIVER, MA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Sherwin Williams Fall River, a 4,852-square foot net-leased property located in Fall River, Massachusetts, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $700,000.
Tim Thompson

Jaclyn Blair, an investment specialist in Marcus & Millichap’s Tampa office represented the buyer, which purchased the property to complete the “up-leg” of a 1031 tax deferred exchange.

  Jaclyn also sold the buyer’s relinquished property as part of the same exchange.  Tim Thompson, Regional Manager of the firm’s Boston office, is the broker of record in Massachusetts.

Sherwin Williams Fall River is located at 555 Pleasant Street in Fall River, Massachusetts. 

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

Ari Ravi
Regional Manager, Tampa

(813) 387-4700

The Keyes Company’s Nash Group Closes $7.5M Bear’s Club Compound Sale in Jupiter, FL

Billy Nash
JUPITER, FL – Billy Nash of The Keyes Company’s Nash Group has announced the sale of a stately compound located in the exclusive Bear’s Club luxury residential and golf course community founded by the legend himself, golfer Jack Nicklaus, and his wife Barbara.

The property was sold to an undisclosed domestic buyer on June 16 for $7,550,000 making it the second highest sale in the Bear’s Club in nine years.

The six-bedroom, seven-bathroom compound at 191 Bears Club Drive represented a rare opportunity to acquire a home within the private Bear’s Club, which includes a championship 18-hole golf course and Par 3 Nicklaus Signature course, as well as a 40,000-square-foot clubhouse.

The community includes numerous celebrity homeowners who covet the exclusivity and amenities. Bear’s Club residents include Michael Jordan, tennis stars Serena and Venus Williams and PGA and LPGA touring pros Luke Donald, Ernie Els and Michelle Wie.

Jack and Barbara Nicklaus

Custom built in 2005, the 191 Bears Club Drive compound has more than 17,000 square feet, with 13,000 square feet under air. The stunning home includes a 2,000-square-foot master bedroom, steam room/sauna and grand staircase that leads to a hallway specifically designed – with wall niches – to showcase fine art collections.

The more than one-acre property has expansive views of the third and fifth holes and is located just one mile away from the beautiful waters of Jupiter and 20 minutes from Worth Avenue in Palm Beach.

Venus and Serena Williams

“Billy Nash and his team did a tremendous job creatively and aggressively marketing this one-of-a-kind property,” said Keyes President and CEO Mike Pappas. “At Keyes, we encourage our Sales Associates to embrace their independence while taking advantage of the innovative technology and other tools we have at our disposal.”

Mike Pappas
The Nash Group uses a world-class marketing approach to bring in potential buyers from around the world. 

The property was featured in a variety of publications, reaching an international audience in 44 countries. 

The property also headlined the Wall Street Journal’s “House of the Day” feature and was later voted to become House of the Week. It is now eligible for the publication’s House of the Year distinction. 

The listing was also worthy of the cover in DuPont Registry’s Fine Home Gallery.

“We are a proactive real estate team,” said Nash. “We don’t wait for the buyers to come to us. We create story lines for our real estate videos to visually stimulate buyers interests in the trophy properties we represent, we listen to the luxury market and most importantly we know how to get our clients to the closing table.”

Coastal Sotheby’s represented the buyer in the transaction.

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

Jasmin Curtiss
PR Coordinator, BoardroomPR

O 954-370-8999

Decades-Strong Tenant Demand Drives $81.75 Million Camelback Corridor Office Building Sale in Phoenix, AZ

3131 and 3133 Camelback office buildings, Camelback Corridor, Phoenix, AZ

Dennis Desmond
PHOENIX, AZ – On behalf of TR Camelback Corp., the Phoenix office of JLL announced the sale of 3131 and 3133 Camelback

The two-building, Class A office property is in the heart of the Camelback Corridor, which has enjoyed an average 93 percent occupancy rate since its delivery to market in 1998.

Archon Acquisition LLC, a Goldman Sachs company, purchased the 295,401 square-foot office asset for $81.75 million.

Senior Managing Director Dennis Desmond and Managing Director Lynn LaChapelle led the deal for JLL. Managing Director Trevor Klinkhamer, Senior Vice President Ray Harris and Director Scott Boardman of Cushman & Wakefield were the property leasing team.

“Exceptional location, quality construction and easy access has kept 3131 and 3133 Camelback a true ‘trophy’ office complex for more than 19 years,” said Desmond. “Archon recognized the past success and future potential of the property, including the strong rental rate growth that the Camelback Corridor is expected to continue to experience over the next five years.”

The office asset is located at 3131 and 3133 E. Camelback Rd. in Phoenix, at the southwest corner of 32nd Street and Camelback Road – one of the most prestigious corners within the Phoenix market. It is surrounded by numerous walkable amenities including 11 restaurants, three banks and a grocery-anchored shopping center, and is minutes from State Route 51 and I-10.

Lynn LaChapelle

Lincoln Property Company serves as the property manager for 3131 and 3133 Camelback, and will retain the property management assignment. JLL Managing Director John Bonnell, Senior Vice President Brett Abramson and Vice President Chris Latvaaho will take over the property’s leasing assignment.

John Bonnell
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients – whether a sale, financing, repositioning, advisory or recapitalization execution. 

In 2016 alone, JLL Capital Markets completed $136 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page:

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

Stacey Hershauer
Marketing & Public Relations
(480) 600-0195