Monday, November 26, 2018

HFF announces $31M financing for 160-unit independent living community in Colorado Springs, CO

Chef Beau MacMillan
WASHINGTON, D.C. –– Holliday Fenoglio Fowler, L.P. (HFF) announces $31 million in financing for Province Springs, a 160-unit, 55+ age-restricted luxury independent living community in Colorado Springs, Colorado.

 The HFF team worked exclusively on behalf of the borrower, Paxion Real Estate Holdings, an affiliate of The Wolff Company, to secure floating-rate bridge financing.  Loan proceeds were used to retire existing construction financing.

Province Springs Apartments
Colorado Springs, CO
 Province Springs is located at 2960 Tutt Boulevard just east of multiple retail and entertainment amenities along N. Powers Boulevard and just north of Peterson Air Force Base and Colorado Springs Airport. 

Completed earlier this year, the property encompasses a mix of studio, one- and two-bedroom units averaging 810 square feet. 

 Units feature high-end finishes, including granite countertops, stainless steel appliances, tile backsplashes, Shaker-style cabinetry, floor-to-ceiling windows, plank flooring, custom walk-in closets, in-unit washers and dryers and private patios. 

Leon McBroom
Province Springs also features best-in-class wellness services and community amenities, including a spa, fitness studio, full-service salon, indoor saltwater pool, putting green, dog park, club room, theater room, creative studio and state-of-the-art event space, as well as culinary experiences created by Chef Beau MacMillan, which are available in the property’s restaurants, private dining room or in-home.

 The HFF team representing the borrower included directors Nicole Brickhouse and Leon McBroom.
The Wolff Company is a private equity firm headquartered in Scottsdale, Arizona, with offices in Washington, Massachusetts and California.  
For more than six decades, Wolff has invested in, acquired and developed high-quality, amenities-based multifamily properties.  

Nicole Brickhouse

For more information about The Wolff Company, visit



HFF Director
(202) 533-2500

HFF Director
(303) 515-8000

HFF Public Relations Specialist
(713) 852-3403

Morgan Truck Body Officially Opens Plainfield, CT Facility Capable of Producing 3,000 Truck Bodies Annually

Morgan Truck Body's Fleet, Moosup Pond Road, Plainfield, CT
PLAINFIELD, CT – Morgan Truck Body officially opened their new facility on Moosup Pond Road in Plainfield on November 14, 2018. 

 The new facility is Morgan’s 13th in the US and Canada but their first in New England.  The Plainfield site was formerly a manufacturing plant for American Standard before turning mostly dormant. 

 Extensive renovations and site improvements over the past year will allow Morgan to occupy 175,000 square feet and support 140 manufacturing jobs.

Elected officials and local business leaders hailed Morgan’s selection of Plainfield for their new facility and pledged to support the company’s growth through helping to fill open positions and promote the business throughout the region.  

Adam Winstanley
Extensive renovations to the facility were undertaken by Winstanley Enterprises, including a new roof, site and landscape improvements, early suppression fast response sprinklers, as well as various mechanical upgrades to make the space suitable for truck body manufacturing. 

“Morgan has demonstrated a confidence in Eastern Connecticut that will open the door to further economic growth and investment in the region,” said Adam Winstanley, Principal at Winstanley Enterprises, LLC. 

“Companies looking to expand or grow their manufacturing, shipping or warehouse operations should seriously consider this region’s rail and interstate access, central location between key metro-areas and markets and a well-trained and able workforce that has a long history of manufacturing, production and innovation.”


Matt Watkins  
Watkins Strategies                                              
(617) 571-4582 |

Sean Shortell
(781) 720-9726

Shaner Italia S.R.L./CS Hospitality Joint Venture Partnership Announces First Two Openings in Greece

Academia Hotel in Athens, Marriott Autograph Collection

STATE COLLEGE, PA The joint venture partnership comprised of Shaner Italia, S.R.L., a division of The Shaner Hotel Group focused on operating hotels in the Mediterranean, and Athens, Greece-based CS Hospitality announced it will operate the newly constructed Academia Hotel in Athens, Marriott Autograph Collectionand Moxy Hotel in Patras.  Both hotels are on schedule to open by mid-2019.

Andreas Contos
“We remain focused on expanding our footprint throughout Greece and Cyprus by providing unmatched hospitality expertise and sophisticated operational procedures,” said Andreas Contos, managing director. 

“These brand-new hotels benefit from stunning locations in hard-to-penetrate markets, as well as the numerous benefits provided by the Marriott family of brands, from its award-winning reservation system to its top-rated loyalty program.”

Situated at the crossing of Akademias and Omirou streets at Syntagma Square in central Athens, the newly built Academia of Athens Hotel, Marriott Autograph Collection will feature 60 luxurious rooms and a rooftop garden facing the ancient Acropolis.   This is the first Autograph Hotel in Athens.

The Moxy Hotel in Patras marks Greece’s first Moxy branded hotel.  The hotel is located in Patra in the Peloponnese, one of the country’s largest ports and university towns.

Plato Ghinos
 For more information about the company and its divisions visit  

CS Hospitality is a long-experienced hotel management and consulting company operating properties throughout Greece.

 For more information about the company, visit


Patrick Daly
Office Manager
Daly Gray, Inc.
Office:  (703) 435-6293
Cell:  (703) 300-8289

Chris Daly,
Shaner Hotels    
 (703) 435-6293                                              

The Keyes Company’s Carlos Villanueva Arranges $5.6 Million Little Havana Rental Portfolio Sale in Miami, FL

Little Havana Neighborhood, Miami, FL

MIAMI, FL  – The Keyes Company’s Carlos Villanueva has completed the $5.6 million sale of a portfolio of 57 rental apartments in Miami’s Little Havana neighborhood.

Carlos Villanueva
Villanueva, who is District Sales Manager of the firm’s Coral Gables office, represented the seller – the JoAnnCappelletti Trust – in the transaction.

The sale of the five-building portfolio closed on Nov. 14. The properties are located at 2127, 2128, 2136 and 2248 SW Fifth St. and 2135 SW Sixth St.

Gateway Realty LLC of New York is the buyer. The company obtained seller financing as part of the transaction. Terms were not disclosed.

Villanueva successfully secured the listing from the trust in a competitive process with numerous brokers. JoAnn Cappelletti and her late husband, U.S. Marine Corp. veteran and former Miami Beach police officer Mario, had assembled the rental properties during the 1960s and 70s.

Interest in the portfolio was strong, with most of the prospective buyers coming from New York.

“It was a pleasure to facilitate the successful sale of this legacy portfolio in Little Havana,” Villanueva said. “The neighborhood is experiencing a transformation and is coveted by real estate investors and developers.

Mendel Fellig
"New York investment groups are perceiving Little Havana the same way they saw Brooklyn 25 years ago – Little Havana is considered a borough of Greater Miami.”

To close the sale, Villanueva had to resolve multiple City of Miami code violations so the buyer could acquire the properties with a clean slate. Significant improvements to the properties are expected.

Little Havana is seeing an influx of development activity, with a focus on boutique and mid-sized multifamily projects. One development firm, Metronomic, has a dozen projects planned for the neighborhood. Owners of existing buildings are capitalizing on the overall activity as well.

Mike Pappas
“We congratulate Carlos on an impressive outcome for the sellers of this Little Havana portfolio,” Keyes President and CEO Mike Pappas said. “As a firm, we are excited to see what additional opportunities emerge in this neighborhood across all real estate sectors.”

Keyes is the largest independently owned real estate firm in Florida and a Top 30-ranked firm in the entire United States, and is extremely active in luxury residential real estate. In 2017, Keyes generated more than $6 billion in real estate services across its Family of Companies.

Mendel Fellig of Compass represented Gateway Realty in the Little Havana transaction.


Eric Kalis
Account Director, BoardroomPR
O 954-370-8999
C 305-794-5123
Bank of America Plaza | 1776 N Pine Island Road