Thursday, January 18, 2018

Calum Weaver
MIAMI, FL -- Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to acquire NoMia Land: a ±1.88-acre site located at the intersection of one of North Miami’s most traveled thoroughfares at NE 135th Street (47,000 vpd) and NE 6th Avenue (26,000 vpd).

The site is within the newly established Neighborhood Redevelopment Overlay district (NRO) that allows up to 100 units per acre and a building height of up to 110 feet, allowing for 188-units with a minimum average of 750 square feet. The site zoning allows for a variety of uses including residential, commercial, hotel, mixed use and assisted living.

The site serves as a “Main and Main” location within the City of North Miami. The site is approximately 1.5 miles from I-95 and Biscayne Boulevard, allowing easy access to the areas major thoroughfares.

Moreover, the site is walking distance to Arch Creek Elementary and North Miami Middle and High Schools as well as the North Miami Downtown District located on NE 125 Street.

For more information on this release, please contact:

Calum Weaver

Daum Commercial Assists International Apparel Co. in Identifying State-0f-The-Art Industrial Facility in Tight Orange County, CA Market

Industrial Property, Fullerton, CA

FULLERTON, CA – DAUM Commercial Real Estate Services has completed the $32.59 million acquisition of a 181,069 square-foot industrial property in Fullerton, California, on behalf of the buyer, Independent Trading Company, an international apparel distribution company.

Casey Mungo
The buyer is relocating to North Orange County from the nearby Los Angeles County city of Whittier, according to Casey Mungo, an Executive Vice President and Principal at DAUM’s South Bay office.

“Using our connections and deep knowledge of the industrial sector throughout Southern California, we were able to identify an ideal Class A, state-of-the-art, modern distribution facility for our Client,” says Mungo, who represented the buyer in this transaction.

 “This asset is new construction and strongly-suited to the buyer’s needs. By relocating to this best-in-class facility, our Client is investing in improved operational efficiencies, and providing a fresh environment for its team.”

The asset was sold by the developer, Western Realco, and the buyer will be the first occupant.

The property’s location off of the State Route 91 and State Route 57 freeways provides ease of access throughout the region and to the Ports of Los Angeles and Long Beach, further driving the appeal of the property, notes Mungo.

The building features in-demand amenities including 6,984 square-feet of office space, 32’ clear height, dock-high loading, a large truck court, and ESFR sprinkler system.

The asset is located at 4150 N. Palm Street in Fullerton, California. Ben Seybold and Sean Ward of CBRE represented Western Realco as the seller in this transaction.

For more information on this release, please contact:

Elisabeth Manville / Jenn Quader
Brower, Miller & Cole
(949) 955-7940

HFF announces sale of office tower in Portland’s Old Town/Chinatown district

220 NW Second Avenue Office Tower, North End of Central Business District
in Portland, OR

Logan Greer

PORTLAND, OR – Jan. 18, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of 220 NW Second Avenue, a 238,751-square-foot, value-add, transit-oriented office tower in the north end of Portland’s CBD.

The HFF team marketed the property on behalf of the seller, Menlo Equities. An institutional investor, advised by local development partner Specht Development, Inc., purchased the asset.

Michael Leggett
220 NW Second offers unmatched connectivity to public transit and sweeping views of the Portland skyline across large contiguous floor plates. The building has served as NW Natural’s headquarters since construction.

 With NW Natural’s relocation to 250 Taylor, the new ownership will have the opportunity to reposition 220 NW Second by modernizing the lobby, adding first-floor shared tenant amenities and activating existing retail spaces. 

The HFF investment advisory team included director Logan Greer, senior managing director and co-head of HFF’s national office investment advisory platform Michael Leggett, senior managing director Gerry Rohm, senior director Ben Bullock, director Dave Otis and analysts Jeff Hodson and Kevin Freels.

 “We continue to see value-add opportunities price aggressively across the Pacific Northwest,” Greer said. “Within the close-end fund space, an immense amount of value-add capital has accumulated and, with few opportunities in the market, we do not expect the pent-up demand for value-add product to decline anytime soon.”

 Founded in 1994 by Henry Bullock and Rick Holmstrom and headquartered in Menlo Park, California, Menlo Equities is a vertically integrated commercial real estate company engaged in the acquisition, development and operation of properties in select technology markets.

Gerry Rohm
 Since its founding, Menlo Equities has acquired or developed more than 110 properties with a total value of approximately $5.6 billion, and they have developed and built more than 4.1 million square feet of high-profile office, R&D and engineering commercial real estate.  Learn more at

Specht Development, Inc. was formed in 1992 as the development services arm for all related Specht entities and is located in Lincoln Tower in Portland, Oregon.

Specht Development, Inc. has been involved in all sides of real estate transactions; as advisor, buyer, seller, partner and developer. This perspective enhances its ability to achieve market and client goals and to offer cost effective and creative solutions to real estate opportunities.

Since its founding, Specht (and its affiliated entities) has been responsible for developing or providing project and construction management on over 9.5 million square feet of commercial and industrial real estate with a cost basis of over $822 million.

For more information on this release, please contact:

HFF Public Relations Specialist
(713) 852-3500

Blackton, Inc. to Provide Roofing and Flooring Products worth More than $2 million for Sedona Community in Kissimmee, FL

Orlando, Fla. --- Blackton Inc., the Orlando firm that ranks as one of Central Florida’s largest distributors of materials to homebuilders has been selected as the supplier of roofing and flooring at Sedona, a Maronda Homes community in Kissimmee. 

Michael “Micky” Blackton, chief executive officer, said his firm will provide more than $2 million worth of roofing and flooring materials in the construction of some 240 single-family homes at Sedona, Maronda’s newest community in Kissimmee located on Ham Brown Rd. just south of Orange Blossom Trail. 
“Maronda Homes has been a loyal client for decades as they’ve been building and serving new homebuyers throughout a six county region of Central Florida,” said Blackton.

Blackton, Inc., a family owned business headquartered on Alden St. near Ivanhoe Row north of downtown Orlando, has been supplying the home building industry from Jacksonville to Tampa for over 60 years.

For more information on this release, please contact:

 Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

Marcus & Millichap Arranges $9.5 Million Sale of Villa San Michele, a 272-Unit Apartment Building in Tallahassee, FL

Villa San Michele, 1694 Baldwin Park Drive, Tallahassee, FL

TALLAHASSEE, 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 Villa San Michele, a 272-unit apartment property located in Tallahassee, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $9,515,000.

John E. Brigel, an investment specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a financial institution. The buyer, a partnership, was secured and represented by Brigel.

John E. Brigel
      “The seller, after an unsuccessful attempt to sell the property a year ago, engaged Marcus & Millichap to get it sold. We told a compelling story creating a market for the asset that attracted qualified and motivated buyers nationwide willing to acquire the property at our client’s price.

”The marketing efforts developed strong, high-quality offers thus teeing up buyers for similar properties,” says Mr. Brigel.

            Constructed in 2008 the subject property is 99 percent leased as of September 6, 2017, with 91.5 percent of the leases having a guarantor. The community is a gated student housing townhome community and serves Florida's largest tier-one student housing market.

Villa San Michele is located at 1694 Baldwin Park Drive in Tallahassee, Florida.  

For more information on this transaction, please contact: or

Ari Ravi
Regional Manager, Tampa
(813) 387-4700

American Realty Advisors Adds to Sale And Investor Relations Team

Scott Beltz
LOS ANGELES, CA  – American Realty Advisors (“ARA”) is pleased to announce that Scott Beltz has joined the firm as Senior Vice-President/Client Portfolio Manager.
  In this role, Mr. Beltz will be responsible for developing and maintaining new and existing institutional business relationships for the firm’s full-range of commercial real estate investment products. 
 He will be covering the Western U.S. region and will join an existing team of professionals located nationwide.

Mr. Beltz brings to ARA nearly 20 years of experience working with traditional and alternative investment products on a global scale.  Most recently, he was a Managing Director at Pacific Alliance Group where he led their marketing and client servicing efforts in the U.S. and Australia. 

 Prior to that, he spent fourteen years at Oaktree Capital Management, most recently as head of their Asia Pacific marketing and client servicing business. Prior to Oaktree, Mr. Beltz was a member of the marketing department at Pacific Investment Management Company (PIMCO).  Mr. Beltz holds a B.A. degree from the University of California, Berkeley and is a CFA charterholder.

Jay Butterfield, ARA’s Executive Managing Director and Head of Business Development, commented, “We are pleased to have Scott join our investor relations team and add his unique skills and extensive experience to growing our business.  His global exposure and deep market knowledge will be a strong addition to the team.  We are looking forward to Scott building relationships at ARA and moving our vision for future growth forward.” 
For more information on this release, please contact:

Miki Akil / Lexi Astfalk for American Realty Advisors
Brower, Miller & Cole
(949) 955-7940,

HFF closes sale and arranges joint venture for development of 104,500 SF Mission Viejo Medical Center in Southern California

                         Mission Viejo Medical CenterMission Viejo, CA

SAN DIEGO, CA – Jan. 17, 2018 – HFF announces that it has closed the partial interest forward sale and arranged the full capital stack of joint venture equity and financing for the construction of the ground up development of Mission Viejo Medical Center, a fully-approved, 104,500-square-foot, Class A medical office building situated on the southeast parking field of the Shops at Mission Viejo, a Simon-owned super regional mall, and just steps from the main entrance of Providence St. Joseph’s 523-bed Mission Hospital in Mission Viejo, California. 

Aldon Cole
The HFF team served as an advisor to the seller, NCA Real Estate, a Newport Beach, California-based developer, in order to explore strategic options including construction financing, joint venture equity partnerships and a forward sale. 

Ultimately, Welltower, Inc. (NYSE: HCN) agreed to purchase the developer’s interest and also provide equity and debt capital to the new partnership.

“The HFF team has been a valuable advisor to NCA as the project has evolved over the past several years, and the insights and advice they provided were critical in the successful capitalization of the project,” said David Zak, managing partner of NCA.

Mission Viejo Medical Center (“MVMC”) was conceptualized by NCA more than eight years ago when it commenced negotiations to acquire the mall site.  NCA recognized the synergies between retail and medical office projects and focused on an underutilized part of the mall. 

Olga Walsh

It is anticipated that the new project will bring substantial economic benefit to the mall from the patients and employees that will be brought to the mall each day and the mall will serve as a strong amenity to the project. 

NCA’s development team, led by Dana Whitmer, overcame numerous obstacles to close on the site and gain the necessary entitlements to construct the project, and the finished product will be well worth the effort.

Evan Kovac
MVMC will be the first on-campus medical office building constructed in South Orange County in over 10 years.  Upon completion in 2019, MVMC will be completely occupied by Mission Hospital and will include a comprehensive cancer center, medical imaging suite, endoscopy center and other significant outpatient services. 

 Designed from the ground up to be a best-in-class facility, MVMC is at the front door of the region’s pre-eminent hospital and ideally situated to serve a rapidly growing population. 

The building’s functional design was guided by HGA Architects and Engineers and emphasizes flexibility and efficiency.  The project is being constructed by Snyder Langston who has been an invaluable resource to NCA throughout the design and engineering process.

The HFF medical office investment advisory team representing the seller consisted of managing director Evan Kovac, director Andrew Milne and senior associate Trent Jemmett. 

The HFF debt placement team included senior director Zach Koucos, senior associate Olga Walsh and senior managing director Aldon Cole

“NCA and Welltower worked diligently throughout the complicated process, often under compressed timeframes, to see this deal come to fruition.  Once completed, MVMC will be one of the pre-eminent on-campus MOBs in the United States,” Kovac said.

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

For more information on this transaction, please contact:

HFF Director, 
Public Relations
(617) 338-0990