Tuesday, March 5, 2019

Billion dollar pet industry moving into real estate; Bulldog Realtors Going to the Dogs in Santa Monica, CA


Golda Savage
SANTA MONICA, CA, March 6, 2019 -- Bulldog Realtors is betting on an estimated 85 million pet owners with their new retail space. 


On Guard!
The real estate company announces a benefit for rescue dogs at their retail location Bulldog Gallery on April 27 at 2909 Main St. in Santa Monica.

The real estate company created the gallery at the front of their real estate business--in order to locate to this specific location. Because of zoning rules, the company had to be a commercial retailer, so they converted the front of the space to a high end dog accessory shop. 

Rahil Taj
This special dog house designed by Los Angeles based furniture designer Taj Rahil will be on display and for sale (for $3,600), made to order. Silent auction items will be on offer as well. 

Founder/realtor Golda Savage says she "sells houses for people and dogs, too."

CONTACT:

Virginia Chavez | Publicist
Cell | 415.939.8318
virginia@surgepublicrelations.com 

Marcus & Millichap Arranges $6.1 Million Sale of Nine-Unit Chateau Wein Apartments in Fort Lauderdale, FL


Chateau Wein Apartments
900 SE 2nd Street, Fort Lauderdale, FL


Ryan Nee
FORT LAUDERDALE, FL  Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Chateau Wein, a 9-unit apartment building located in Fort Lauderdale, Fla., according to Ryan Nee, first vice president / regional manager of the firm’s Fort Lauderdale office.

The asset sold for $6,100,000 which equates to $677,778 per unit and is one of the highest price per units on record for Broward County.

Evan P. Kristol
”Chateau Wein was a one-of-a-kind, luxury boutique apartment building located in one of the most highly sought-after rental markets in the nation” states Evan P. Kristol, executive managing director of investments, in Marcus & Millichap’s Fort Lauderdale office.


  The property had been owned by the same family for almost ten years and is only one block from Las Olas Boulevard,” continues Alec G. Bashein, associate, in Marcus & Millichap’s Fort Lauderdale office.  Chateau Wein is located at 900 SE 2nd St in Fort Lauderdale. 

Alec G. Bashein
Originally constructed in 2008 as a luxury condominium, the Chateau Wein boasts single and two-story apartment homes averaging over 2,100 square feet with private elevator entrances, luxury finishes, high end appliances and fixtures, and spectacular views of Downtown Fort Lauderdale.

 Community amenities include two lobby entrances, a gated parking garage and a building generator.


Brandon J.
Rex
Kristol, Bashein, and Brandon J. Rex, senior vice president of investments, all in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.


CONTACTS:

Ryan Nee
First Vice President / Regional Manager
Fort Lauderdale
(954) 245-3400

Stephanie Carten
Marketing Coordinator
Marcus & Millichap
5900 North Andrews Avenue
Suite 100
Fort Lauderdale, FL 33309
(954) 245-3477 direct
(954) 245-3400 main
(954) 245-3410 fax
stephanie.carten@marcusmillichap.com



The Keyes Company’s Carlos Villanueva Represents Wild Fork Foods in Leases for the Retailer’s First Miami-Dade County Locations


Carlos Villanueva

MIAMI, FL, March 5, 2019 – The Keyes Company’s Carlos Villanueva successfully represented Wild Fork Foods – one of the world’s largest meat producers – in leases for the retailer’s inaugural Miami-Dade County store locations.

 Villanueva, who is District Sales Manager of the firm’s Coral Gables office, handled four transactions totaling more than 19,200 square feet in Coral Gables, Pinecrest and Doral.

Wild Fork Foods is known nationally for delivering a farm-to-fork experience through high-quality sourcing of protein, a blast-freezing process and same-day delivery to its store locations.

Sunniland Shopping Center, Miami, FL




Villanueva represented the retailer in the following transactions:

·         A 5,700-square-foot lease at 1180 S. Dixie Hwy. in Coral Gables. Wild Fork has opened the store, its first official retail location in Miami-Dade
·         More than 5,000 square feet in the Suniland Shopping Center at 11325 S. Dixie Hwy. in Pinecrest. The store is under construction and expected to open in the next six months
·         A 5,000-square-foot store at Northwest 41st Street and 101st Avenue in Doral, adjacent to LA Fitness. As with Pinecrest, the Doral store is under construction with a projected opening in the next six months
·         More than 4,383 square feet at 8601 NW 64th Street in Doral. This location will be used as a test kitchen
 
Mike Pappas
“I am proud to be the broker who helped launch Wild Fork into the Miami-Dade market,” Villanueva said. “I believe this is a strong business concept that should be extremely popular throughout the county and beyond.”

For Villanueva, the Wild Fork transactions continue the momentum from a busy fourth quarter of 2018. In November, Villanueva completed the $5.6 million sale of a portfolio of 57 rental apartments in Miami’s Little Havana neighborhood to a New York investor.
  
“Carlos and the Keyes Commercial team continue to prove that our firm is a leader across all real estate sectors,” Keyes President and CEO Mike Pappas said. “We congratulate Carlos on these impressive lease transactions on behalf of an exciting new retailer for our local market.”

 CONTACT:

Eric Kalis
954-370-8999


KW Property Management & Consulting Welcomes Rick Dingle as Regional Manager in Miami, FL


Rick Dingle
Miami, FL, March 5, 2019 – In response to a record year of growth, KW Property Management & Consulting (KWPMC) has announced the addition of Rick Dingle as Regional Manager. Dingle is based in the company’s Miami headquarters.

A licensed Community Association Manager (CAM), Dingle will be tasked with overseeing a team of district, property and general managers that work alongside developers and association boards in KWPMC’s portfolio.

Prior to joining the KWPMC team, Dingle was Chief Operating Officer of a Fort Lauderdale-based parking management company, where he was responsible for the operational oversight of 50 community associations’ parking enforcement.

Paul Kaplan
 He also brings valuable experience managing business aspects for more than 200 community associations, and associations with multi-million dollar budgets. In addition, Dingle maintained client relations, cross-trained staff in marketing, sales, human resources and IT, and enforced rules and regulations.

“Rick is a seasoned veteran when it comes to managing large communities in South Florida,” said KWPMC Co-Founder and Managing Partner Paul Kaplan.

 “He has experience in a variety of industries, which will no doubt play a major role in helping KWPMC to continue to deliver quality client service, grow in our key markets and improve our established business relationships.”

KWPMC is an established and respected name in the property management industry,” said Dingle. “I am excited for the opportunity to work alongside a team that puts people first and genuinely cares about respect, accountability, empowerment and trustworthiness.”

 CONTACTS:

Eric Kalis
954-370-8999


 Jasmin Curtiss
 Account Executive, BoardroomPR
 O 954-370-8999

Bank of America Plaza | 1776 N Pine Island Road
Suite 320 | Fort Lauderdale, FL 33322


Buckhead Building Along Proposed Atlanta BeltLine Trail Sold by Bull Realty for $2.5 Million


Andy Lundsberg
ATLANTA, GA, March 5, 2019Bull Realty has successfully negotiated the sale of 116 Bennett Street in Atlanta.

The 13,500 SF freestanding building in Buckhead sold for $2,500,000 on February 15, 2019.

Listing agents were Andy Lundsberg, Partner at Bull Realty, and Michael Wess, Commercial Real Estate Advisor at Bull Realty.

 The pair marketed and sold the property to the buyer whose intent is to utilize the space as a corporate office, inventory warehouse and quarterly pop-up shop for a regional retailer.

Built in 1940, the Bennet Street building comes complete with flexible zoning in a prime location along the north end of the proposed Atlanta BeltLine Trail and behind Piedmont Atlanta Hospital and Shepherd Center.

Michael Wess
“Proper pricing at the very top of comparable sales and the utilization of multiple marketing databases enabled our seller client to receive multiple offers from qualified buyers within the first six weeks of our launch." said Wess. "The competing offers allowed us to contract and close at full ask price in a very timely manner,”

For more information contact Bull Realty at 404-876-1640 or Info@BullRealty.com.

Bull Realty, Inc. (www.BullRealty.com) is a commercial real estate asset and occupancy firm licensed in nine states headquartered in Atlanta providing acquisition, disposition, leasing and consulting services.

The firm also produces America’s Commercial Real Estate Show (www.CREshow.com).


CONTACT:

 Heather Bogantz
Bowers PR & Marketing
Telephone: (239) 682 - 9040

29th Street Capital Acquires Senior Housing Community in Norcross, GA


Shekinah Home for Seniors, Norcross, GA

Norcross, GA – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Shekinah Home, a community for seniors in Norcross, Georgia.

 The new owner plans to improve the quality of life and increase activities for the residents of the assisted living community.

In addition, 29SC plans cosmetic upgrades including modern flooring, new lighting and plumbing, and bathroom enhancements. Exterior improvements will include paint, landscaping, branding/signage and upgraded amenities.

“Shekinah Home is the perfect opportunity for 29SC to enter the senior housing market,” said Erik Kolacinski, Senior Vice President of Acquisitions for Senior Housing. “We are excited to leverage 29SC’s outstanding track record to grow this new investment platform.”

Erik Kolacinski
The Atlanta metro area continues to exhibit strong economic vitality with steady job growth year over year. Figures show that the metro area had about 325,000 more jobs at the end of 2018 than it did before the recession.

Shekinah Home is a 25-unit assisted living facility located in the rapidly-growing Norcross suburb of Atlanta, which is near other highly-desirable northern suburbs including Sandy Springs, Dunwoody and Brookhaven. Population growth within a three-mile radius of the property is expected to be approximately 13% over the next five years.

There are very few assisted living facilities within Gwinnett County according to 2018 data from the National Investment Center; none are in the area surrounding Shekinah. Three hospitals are within 10 miles and a pharmacy is directly across the street.

“Senior housing is about to experience a demand shock as the baby boomers enter the market over the next decade,” Kolacinski added. “29SC will offer high quality yet still affordable senior housing in a market with limited supply.”

The transaction closed February 28. The sale price was not disclosed.

Learn more about 29SC at https://29thstreetcapital.com.

CONTACT:

Terri Thornton
Partner, Thornton Communications
Phone: 404-932-4347
Email: Terri@TerriThornton.com 
Website: www.TerriThornton.com 


29th Street Capital Expands Tampa Bay Area Portfolio; Acquires The Park at Avilla and The Park at Pienza Apartments in Brandon, FL


The Park at Avilla Apartments, Brandon, FL
 
Brandon, FL – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired The Park at Avilla and The Park at Pienza Apartments, a two property, 200-unit multifamily portfolio in Brandon, Florida.

29SC plans to make cosmetic improvements to unit interiors, including adding high-quality laminate countertops, vinyl plank flooring, modern paint schemes and stainless steel appliances.

The firm also plans value-creating improvements to the clubhouse, fitness center, grilling area, roofing, exterior staircases, landscaping and more. It will also implement plans to catch up on overdue maintenance issues.

The Tampa Bay area is experiencing strong population and employment growth. The average working age population growth in Tampa over the last two years is almost twice the national average.

The Park at Pienza Apartments, Brandon, FL

“29SC feels that the strong market fundamentals in the Tampa Bay area will continue for the foreseeable future and help drive renter demand,” said Ryan Smyth, Vice President of Acquisitions for Florida.

“The properties have easy access to several employment hubs in the Tampa Bay area as well as retail centers,” Smyth added. “Plus, more than 50 million square feet of office space, which is continuously growing, is within a 30 minute drive.”

The communities, which are two miles apart, are within 20 miles of downtown Tampa. Each has several restaurants and shopping centers nearby.

Ryan Smyth

The Park at Pienza is close to daily conveniences such as a Publix Super Market, Office Depot, PetSmart and several banks. The Park at Avilla is close to the J.C. Handly Sports Complex, Paul Sanders Park and Kings Row Shopping Center, which features an Xtreme Fit, post office and salon.

29th Street Capital closed on the purchase of the portfolio February 28. The sale price was not disclosed.
  
Learn more about 29SC at https://29thstreetcapital.com.-- 


CONTACT:

Terri Thornton
Partner, Thornton Communications
Phone: 404-932-4347
Email: Terri@TerriThornton.com 
Website: www.TerriThornton.com