Tuesday, September 26, 2017

$110 million sale of Hyatt Centric The Loop Chicago hotel announced by HFF

Hyatt Centric The Loop Chicago
 CHICAGO, IL – Holliday Fenoglio Fowler, L.P. (HFF) announces the $110 million sale of Hyatt Centric The Loop Chicago, a 257-room, full-service hotel in the Central Loop area of Chicago, Illinois.

The HFF team marketed the property on behalf of the seller, an affiliate of Murphy Development Group.  Deka Immobilien purchased the asset.

Developed in 2015 by the seller, the 22-story Art Deco Hyatt Centric The Loop Chicago features the AIRE seasonal rooftop bar with panoramic city views, Cochon Volant restaurant and bakery, The Corner cafe, 24-hour fitness center, 2,500 square feet of event space, business center and pet-friendly accommodations. 

Situated at 100 West Monroe Street, the hotel is centrally located in Chicago’s Loop in the heart of the financial district and within walking distance to transportation, restaurants, shopping and entertainment.

The HFF investment sales team representing the seller included senior managing directors Jaime Fink and Jeffrey Bramson, senior director Jeff Bucaro and associate Nicole Aguiar.

“Jaime Fink and the HFF team did an exceptional job in developing a unique structured transaction which proved to successfully meet the business objectives of both buyer and seller,” said John Murphy of Murphy Development Group.  “We are satisfied with the results and look forward to our long-term engagement with Deka Bank.”

For more information on this press release, please contact:

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

WNC Promotes Anil Advani to Executive Vice President, Originations & Finance

Anil Advani
IRVINE, CA – WNC, a national investor in real estate and community development initiatives, announced it has promoted Anil Advani to executive vice president of originations and finance.

In his new role, Advani will lead WNC’s growing originations team and oversee the development of the firm’s strategic relationships with key lenders. 

He joined WNC in 2011 and most recently has been responsible for oversight of the firm’s proprietary funds, investor due diligence and originations/syndication team.

“Anil is a respected leader with 20 years of experience in the low-income housing tax credit industry, and I couldn’t be more pleased to announce his new role with WNC as we look to continue the growth and diversification of our firm,” said WNC President and CEO Will Cooper Jr.

Prior to joining WNC, Advani served as managing director with Red Capital Group, working in the company’s tax syndication group. He was responsible for originating and underwriting tax credit investments for placement into corporate tax credit funds. Advani also served as manager of tax credit investment advisory services of Ernst & Young, performing due diligence on tax credit funds. He began his career in 1996 with the Reznick Group.
Advani holds a bachelor’s degree from the University of Texas, Austin, and a juris doctorate from American University.

 For more information on this press release, please contact:

Julie Leber
Spotlight Marketing Communications, Inc.
265 S. Anita Drive, Suite 250
Orange, California 92868
(949) 427-5172 ext. 703 direct
(509) 338-5676 cell

Hold-Thyssen Negotiates New Lease at Oakhill Hospital Medical Office in Brooksville, FL

Carol L. Kinnard
BROOKSVILLE, FL --- Hold-Thyssen, LLC, a full service commercial real estate firm with offices in Clearwater and Winter Park, recently negotiated a lease agreement for 1,326 square feet of medical office space at Oakhill Hospital Medical Office Condo, 11315 Cortez Blvd. in Brooksville, Hernando County, Fla.   

Carol L. Kinnard, transaction specialist at Hold-Thyssen, negotiated the transaction with Oak Hill Hospital staff on behalf of the landlord of the medical complex, a private investor.   The new tenant is Nature Coast Cardiology Specialists.  The three-year lease provides funds for minor tenant improvements.

Hold-Thyssen provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more than100 commercial properties throughout the United States.

For more information on this press release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142 Lvershelco@aol.com