Saturday, May 26, 2018

Retired Basketball Star Shaquille O'Neal Selling His 28-Room Orlando, FL Mansion for $28 Million

Shaquille O'Neal's $28 Million Orlando, FL Mansion

ISLEWORTH, FL -- Pro basketball legend Shaquille O’Neal has put his 28-room lakefront mansion near Orlando, Florida on the market at $28 million.

A longtime Orlando-area resident shortly after he was the #1 overall pick in the 1992 NBA draft by the Orlando Magic, Shaq played for the Magic from 1992 to 1996 before signing with the Los Angeles Lakers for $121 million.

Shaquille O'Neal

 At the end of the contract he returned to Florida in 2004 to play for the Miami Heat, then played for several other teams before retiring in 2011. O'Neal now spends most of his time in Atlanta where he works as an analyst for TNT on “Inside the NBA.”

Shaq’s massive Lake Butler estate within the private golf community of Isleworth, about 20 minutes southwest of Orlando's resorts and amusement parks, is sized to feel spacious to a man of 7’1” weighing in at 325 pounds.
 Completely customized to fit his varied lifestyle, it is not surprising that one outstanding feature is an indoor 6,000-square-foot basketball court with bleachers.

 Unusual extras include two garages that together will fit 17 cars, one a show-car garage with fitness center and the other having a dance studio and an enclosed recording studio, recalling his rap music hits of the 1990s.

Measuring in at 31,000 square feet and spread across the entire three acres, Shaq's mansion includes 12 bedrooms, 15 baths, chef’s kitchen with Viking, Wolf and Sub-Zero appliances, massive living room, formal dining, media room with bar and a “gentleman’s room” with game tables, and wet bar.

95-foot long swimming pool inside the mansion

The master wing has a bedroom with Shaq's custom 15-foot round bed, a four-room closet and his-and-her baths. The guest wing has its own great room with bar and five ensuite bedrooms. Some unusual rooms include a temperature-controlled, cedar-planked humidor and wine storage and an aquarium-style room with saltwater triangular fish tank.

Most impressive is the wall mural of a true-to-size tractor trailer barreling toward the interior of the room on an expressway. With the front cab bumped out of the wall, the realism is electrifying.

The grandeur doesn’t stop with the interior. Shaq nicknamed his party-perfect outdoor area “Shaq-apulco” quite aptly.

The 95-foot long swimming pool seems to go on forever and has a large waterfall spilling over boulders. It includes a swim-up bar and a spa large enough for a crowd.

The pool deck also has an extensive outdoor kitchen, all of which looks out over Lake Butler, the long private pier with boathouse and the life-size statue of Shaq’s favorite character, Superman, standing at the end overlooking the lake.

Shaquille O’Neal - a big man with a big personality and stellar basketball career, is selling his equally large estate with a personality to match his own.

Danial Natoli

His custom-designed home overlooking Lake Butler outside of Orlando, Florida where he has lived since 1993 is now on the market, priced at $28 million.

The listing agent is Danial Natoli of Premier Sotheby’s International Realty in Orlando, Florida.

For more information, please contact:
Terry Walsh
Marketing Coordinator

ATTOM Data Solutions Creates Family Tree of Hottest Homebuyer Last Names in 2017 ·

IRVING, CA -- Home sales nationwide decreased 4 percent in 2017 compared to 2016, but sales to buyers with last names of Lin, Zhang, Wu, Liuand Huang increased by more than 20 percent while sales to buyers with last names of Burns, Porter,Jenkins and Cole decreased by 15 percent or more, according to a new ATTOM Data Solutions analysis of homebuyer surnames in 2017.

For this analysis, ATTOM looked at buyer last names on more than 2.3 million single family home sales deeds nationwide in 2016 and 2017 to determine the hottest names based on percentage increase in home purchases. The analysis also looked at family name origin information from for the hottest homebuyer names, as well as where these buyer names are most active by local market
The top 8 hottest homebuyer last names in 2017 were of Chinese origin, with the ninth and 10th on the list of Korean and Vietnamese origin. The graphic below maps out family name origin information for all 24 buyer last names with at least 1,000 single family home purchases in 2017 and an increase of at least 1 percent in home purchases compared to 2016.

Daren Blomquist
The hottest homebuyer last names in 2017 varied by state, from Liuin Washington to Larson in Florida, and from Mitchell in Nevada to Morales in Colorado. To determine hottest homebuyer last names for each state we looked at names with at least 1,000 home purchases nationwide and at least 50 home purchases statewide in 2017.
One buyer last name registered as hottest in three states — Liu in Maryland (2017 home purchases up 74 percent), Pennsylvania (2017 home purchases up 64 percent), and Washington (2017 home purchases up 68 percent). 

Eight buyer names came out on top in two states — Anderson in Montana and Oklahoma; Davis in Arkansas and Kentucky; Ellis in Illinois and Virginia; Larson in California and Florida; Miller in Kansas and New Mexico; Nguyen in Louisiana and Oregon; and Walker in Alabama and South Carolina.
       Hottest homebuyer last names also varied by metro area — Li in Dallas, Chicago and Houston; Peterson in Los Angeles; Barnes in Atlanta; Castillo in Washington, D.C.; Reyes in Miami; and Yang in New York.
The hottest homebuyer last name was Smith in eight of 64 metropolitan statistical areas analyzed by ATTOM with at least 1,000 single family home sales in 2017 and sufficient buyer name data — Dayton, Ohio, Des Moines, Iowa, Fayetteville, Arkansas, Greeley, Colorado, North Port-Sarasota, Florida, Spokane, Washington, Winston-Salem, North Carolina, and Worcester, Massachusetts. 
The last name Johnson was the hottest homebuyer last name in five metro areas, with BrownWilliams and Li all registering as hottest in three of the 64 metro areas.
    Daren Blomquist is Senior Vice President of Communications at ATTOM Data Solutions (formerly RealtyTrac), where he directs ATTOM Media, a division of the company that publishes original real estate reports sourced from the ATTOM Data Warehouse, the nation’s most comprehensive property database.

·                                 All posts by Daren Blomquist

For more information, please contact:
Christine Stricker
Sr. Marketing Manager, Projects
Office: 949.748.8428

Arbor Funds $16 Million Freddie Mac Conventional Loan in Kansas City, MO

Lakeview Terrace, Kansas City, MO

UNIONDALE, NY– Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets, recently funded a Freddie Mac Conventional loan in Kansas City, MO.

Jason Scott
Lakeview Terrace, a 541-unit manufactured property, received $16,000,000 for refinancing under the Freddie Mac Conventional product line. The transaction provides a 10-year fixed rate, with a 3-year interest-only term.

Jason Scott, Regional Managing Director, Southeast, originated the loan. “Arbor was able to provide significant return of equity to the Sponsor who, since acquiring the property in 2015, created meaningful value through exceptional property management and a strong leasing program,” Scott stated. “The Sponsor was very pleased with both the rate and proceeds level.”

Centrally located just north of the Missouri River, Lakeview Terrace was built in 1970 and offers newly renovated affordable mobile homes. Amenities include a clubhouse, leasing office, two swimming pools, basketball court and a playground in a charming landscaped community.

For more information, please contact:

Bina Handa
Tel: 516.506.4229

Mesa Selects Lincoln Property Co. and Harvard Investments to Build “Union” in Mesa, AZ

Rendering of Planned four-building Union office complex
in Mesa, AZ

Dave Krumwiede
MESA, AZ -- In a unanimous vote, the Mesa City Council has selected Lincoln Property Company (LPC) and Harvard Investments to develop 28.2 acres of city-owned land in the heart of the Riverview mixed-use district in Mesa, Arizona.

When complete, the project will total 1.35 million square feet of Class A office space designed to attract and retain premier, market-leading companies and their employees.

Named Union, the new LPC-Harvard development will include four buildings ranging from four to eight stories and from 225,000-square-feet to 450,000 square feet.

 Each building will feature a high-tech, glass-heavy exterior. Interiors will feature large and open floor plates and high ceilings, giving tenants the flexibility to mix expansive workspaces with “huddle rooms” and other small-group spaces for employee collaboration and gathering.

Craig Krumwiede
Buildings at Union will overlook a main pedestrian plaza with multiple water features, shaded gathering areas and outdoor rooms that, together with rooftop amenity decks, will offer sweeping views of the Superstition Mountains and quick connection to Riverview Lake, located directly to the south of the property.

“Our understanding of the Loop 202 Red Mountain corridor runs deep, as does our confidence in its potential as the new gateway to the Southeast Valley,” said Lincoln Property Company’s Executive Vice President David Krumwiede.

“We are honored to have earned the City of Mesa’s confidence in our team and our vision for Union, and are anxious to get to work building the kind of project that will attract and retain top companies and their employees.”

“This is a tremendous opportunity to continue building up Mesa with thoughtful, well-designed projects that not only look good, but will improve the quality of life for East Valley individuals and families who are able to work closer to home,” said Harvard Investments President and CEO Craig Krumwiede.

Mesa, AZ Mayor John Giles
“We like that it will support Mesa’s vision as a great place to do business. And we definitely appreciate the City of Mesa's confidence in our ability to build great projects that stand the test of time. But most importantly, we’re proud of the opportunity this project provides for Harvard Investments and Lincoln to create more jobs for our region."

Union is being developed on land bounded by Cubs Way and Riverview Auto Drive, just off of Dobson Road and Rio Salado Parkway.

 It fronts the Loop 202, providing direct freeway exposure and monument signage opportunities seen by approximately 160,000 cars per day. The project sits within the Riverview mixed-use district, encompassing 1.2 million square feet of retail and restaurants and the Sheraton Mesa and Hyatt Place hotels.

 It is also immediately adjacent to Sloan Park, home of the Chicago Cubs spring training, the highest attended spring training team in the Valley.

It is also minutes from LPC’s Waypoint development, a four-building, 425,861-square-foot Class A office campus that is leased to tenants including American Traffic Solutions, Ashton Woods, Cognizant, Mitel Corporation, the corporate headquarters for Nextcare and Udall Shumway PLC.

Mark Freeman
“Lincoln Property Company and Harvard Investments have a solid track record of building excellent Class A office space in Mesa,” said City of Mesa Mayor John Giles. “Waypoint has been a great success just across Dobson Road. I look forward to breaking ground on Union and filling these new office buildings with quality jobs for our residents.”

“I am excited for the new office space development coming to Riverview,” said City of Mesa District 1 Councilmember Mark Freeman. “LPC-Harvard will do a great job meeting the needs we have for Class A office space in the area and will build a fantastic addition to the City and District 1.”

“We are very pleased to partner with LPC-Harvard on Union in the Riverview District,” said City of Mesa Economic Development Director Bill Jabjiniak. “This development will be built in the much sought-after Loop 202 office corridor. With the Greater Phoenix Economic Council reporting more than 95 active office prospects in the market, we expect it won’t be difficult to fill Union with outstanding companies.”

Bill Jabjiniak
Employees and visitors to Union will benefit from an onsite parking garage with a 5/1,000 parking ratio, and freeway interchanges at both the Loop 202 at Dobson Road, and the Loop 101 at Rio Salado Parkway. The location is just two miles from Arizona State University’s main Tempe campus and 10 minutes from Sky Harbor International Airport.

Union will be constructed in phases, beginning with a four-story, 225,000-square-foot Building A located at the northwest corner of the property and followed by Buildings B and C, totaling up to six stories and 337,500 square feet each at the northeast and southwest corners of the property, respectively.

The final building, Building D, will total up to eight stories and 450,000 square feet at the southeast corner of the property. Construction on Building A is anticipated to begin in 2019.

Dave Carder
DAVIS is the project architect. Layton Construction Company is the general contractor. Dave Carder and Scott Boardman of Cushman & Wakefield are Union’s exclusive leasing brokers.

To discuss leasing, investment or property management opportunities with Lincoln Property Company in the Desert West region, please call David Krumwiede or John Orsak at (602) 912-8888.

For more information, please contact:

Stacey Hershauer