Sunday, January 6, 2019

Blackton Earns Contract to Provide Roofing and Flooring for New Homes at Coming Soon Community in St. Cloud , FL

Orlando, FL and St. Cloud, FL -- Blackton, Inc, one of the region's oldest and largest suppliers of wholesale materials and supplies to the home building industry, was awarded a contract worth an estimated $980,000 to provide roofing and flooring for 73 new single-family homes KB Home will build at Rivercrest at Narcoossee, FL. 

Michael Blackton, who heads the 65-year-old family-owned company on Alden Road north of downtown Orlando, said Rivercrest at Narcoossee is located at 5040 Lillian Lee Rd., St. Cloud in East Osceola County. 

KB Home will build new homes ranging from 1,700 to 3,000 square feet at Rivercrest at Narcoossee, according to Blackton.   The community is scheduled to open for sales in the Spring.


Michael "Micky" Blackton, Chairman, Blackton, Inc.

Beth Payan, Larry Vershel Communications, Inc.

HFF announces $32 million financing for Caesura Apartments in Brooklyn, NY

Caesura residential and retail complex,
Ashland Place and Lafayette Avenue,Cultural District, Brooklyn, NY

 NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announces $32 million in financing for Caesura, a newly completed, 123-unit residential building with ground-floor retail in Brooklyn’s Cultural District.

Steven Klein
The HFF team worked on behalf of the borrower, Jonathan Rose Companies, LLC, to place the 10-year, fixed-rate loan with Allegiant Real Estate Capital LP.  Loan proceeds were used to replace the existing construction loan.

Caesura comprises a mix of 74 market-rate and 49 affordable units within a twelve-floor building with 2,400 square feet of ground-floor retail located at the corner of Ashland Place and Lafayette Avenue

Completed earlier this year, the property is ideally situated at the confluence of Fort Greene and Downtown Brooklyn, both of which are experiencing an increase of development. 

 Caesura, which is already more than 80 percent occupied, is directly across from the BAM Howard Gilman Opera House, a Whole Foods Market and the Apple Store.  The property is also within walking distance to 11 subway stops. 

 Caesura features environmentally conscious design elements to promote healthy living, resource conservation and energy efficiency, which meet or exceed LEED Gold standards. 

Geoff Goldstein
 In addition to in-home amenities such as walk-in closets, in-unit washers and dryers and kitchen islands, the elevator-serviced building also incorporates common area amenities, including a fitness center, community lounge, game room, double-height conservatory, roof garden and lending library.

The HFF team representing the borrower included managing director Steven Klein and senior director Geoff Goldstein.

“It was an absolute pleasure to work with the team at Jonathan Rose and Allegiant on this financing,” Goldstein said.  “Jonathan Rose consistently develops transformative and totally authentic real estate projects that capture the spirit of their locations and Caesura is no exception.  It was an honor to be part of their creative process.”


NY Lic. #40KL0957728
HFF Managing Director
(212) 245-2425

NY Lic. #10401288706
HFF Senior Director
(212) 245-2425

HFF Public Relations Specialist
(713) 852-3403

Great Ink Communications (for Jonathan Rose Companies)
(212) 741-2977

Arbor Funds $9 million Fannie Mae Green Financing® Loan in Phoenix, AZ

Greg Gillam

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 Fannie Mae Green Financing® loan in Phoenix, AZ.

Zen Senior Living, a 102-unit senior housing facility, received $9M in funding through the Fannie Mae Green Financing program. The deal comes with a 10-year fixed rate term and a 30-year amortization schedule.

Greg Gillam of Arbor’s Manhattan Beach office originated the loan.

Zen Senior Living Apartments, Phoenix, AZ

“The borrower purchased this recently renovated property with the intention of making it more energy efficient,” said Gillam. “With the Fannie Mae Green Financing solution, we were able to provide the perfect product for this age restricted property, offering great incentives and a low interest rate.”

Conveniently located in North Phoenix, Zen Senior Living is considered a premier senior housing community that promotes independent living. Amenities for the property include on-site laundry facilities, covered parking, private balconies, a fitness center, library and resident services.


Bina Handa
Tel: 516.506.4229

HFF announces $100 million sale of two resort hotels in St. Pete Beach, FL

Grand Plaza Hotel, St. Pete Beach, FL

TAMPA, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $100 million sale of the Grand Plaza Hotel and the Beachcomber Beach Resort and Hotel, two waterfront hotels totaling 258 rooms in St. Pete Beach, Florida.

The HFF team marketed the hotels on behalf of the seller, Excel Hospitality Inc.  A venture led by Gencom purchased the hotels, and BENCHMARK®, a global hospitality company, will manage the assets.

The HFF investment advisory team representing the seller included senior managing director and head of HFF’s hotel group Daniel C. Peek, director Preston Reid and associate Wyatt Krapf. 

Beachcomber Beach Resort and Hotel, 6200 Gulf Boulevard
St. Pete Beach, FL

Situated on 3.71 acres at 5250 Gulf Boulevard, the 156-room Grand Plaza Resort opened in 1975 as a Hilton Hotel and was most recently renovated between 2014 and 2016.

 The hotel houses the only revolving rooftop restaurant and lounge in the state of Florida, Spinners Rooftop Revolving Bistro & Lounge, along with three other food and beverage outlets, Bongos Beach Bar & Grille, Level 11 Rooftop Lounge and The Palm Room Restaurant.

Daniel C. Peek
Additional hotel features include direct beachfront access, beach cabanas, heated beachfront swimming pool, private balconies, water sports rentals, 24-hour fitness center, executive business center and 8,000 square feet of flexible meeting space.

The Beachcomber Beach Resort and Hotel is a 102-room beachfront property on 6.27 acres at 6200 Gulf Boulevard.

The two-story hotel hosts daily live entertainment and has two outdoor heated swimming pools; an executive business center; a lush central courtyard and two food and beverage outlets, Jimmy B’s Beach Bar and Grill and Players Sports Bar and Grill. 

The hotels are a quarter mile apart and span across a combined 9.98 acres with approximately 450 linear feet of Gulf frontage on St. Pete Beach, which was ranked the 2018 No. 7 “Best Beach in the U.S.” by TripAdvisor and is a former No. 1 “Best Beach in the U.S.”

St. Pete Beach is a barrier island at the southern end of Pinellas County 8.6 miles west of downtown St. Petersburg and less than 30 miles from downtown Tampa.

The HFF Hotel Team continues to be active in the St. Petersburg area resort market, having recently advised on the sales of The Renaissance Vinoy Resort & Golf Club and the Postcard Inn On The Beach.

Preston Reid
“The Tampa Bay region continues to be a magnet for hospitality investment, drawn by its vibrant, diverse economy and tremendous leisure and recreation amenities,” Peek said.

“This transaction made it abundantly clear that there is significant institutional interest in St. Pete Beach, and we are looking forward to seeing the next chapter for these two resorts and many others on this beach in the years to come,” Reid added.

Excel Hospitality Inc. offers accommodations on some of the best beaches directly on the Gulf of Mexico.  The company manages several St. Petersburg Beach beachfront restaurants, eloquent banquets, conference centers, meeting rooms, beach bars and entertainment and beach weddings and receptions. 

Wyatt Krapf
Gencom is a U.S.-based investment firm that owns, operates and develops prized real estate around the world, with an emphasis on luxury hotels, resorts and branded residential properties, and is also an active owner of and investor in hospitality operating platforms.  .


FL Lic. # SL3230371
HFF Senior Managing Director
(212) 245-2425

FL Lic. #SL3333915  
HFF Director
(813) 387-9900

HFF Digital Content/Public Relations Specialist
(713) 852-3420

Arbor Funds $11.4 million in Freddie Mac and Fannie Mae Deals in OK, TN and GA

Sam Schwass

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 portfolio of Freddie Mac and Fannie Mae loans in Georgia, Tennessee and Oklahoma.  

The three multifamily properties, totaling 280 units, received $11.4M in combined funding.

Two of the properties, Foxcroft Apartments (188 units) in Oklahoma City, OK, and Franklin Square Apartments (76 units) in Munford, TN, received acquisition financing through the Freddie Mac SBL program, while the third property, Highland Gate Apartments (16 units) in Atlanta, GA, received refinancing through the Fannie Mae DUS® Small Loan program.

 All loans came with a 10-year fixed rate term.

Sam Schwass of Arbor’s New York office originated the loan.

 “This transaction was another example of the deep expertise of our firm,” said Schwass. “Even though there were challenges, Arbor’s experienced team was able to provide customized solutions and get this portfolio executed.

"It’s a testament to the creative work we can do from start to finish. I am proud to have been a part of this deal and the sponsor relationship we established.”

Built in 1971, Foxcroft Apartments feature amenities including assigned parking spaces, balconies, A/C and ceiling fans, a swimming pool, and playground.

Franklin Square Apartments, built in 2007, provides a controlled access gate, 24-hour emergency maintenance, a swimming pool, rentable clubhouse and a 24-hour fitness center.

Highland Gate Apartments are centrally located in downtown Atlanta, just a few minutes away from Georgia Institute of Technology and Georgia State. They were built in 1975.


Dan Israeli