Tuesday, August 27, 2019

Citywide Commercial of Phoenix, AZ Expands with Six New Broker Hires

Todd Hamilton
PHOENIX, AZ, Aug. 27, 2019 – Less than a year after its formation, boutique metro Phoenix brokerage firm Citywide Commercial has expanded with six new brokerage team members.

The additions allow the company, which specializes in commercial real estate properties of all types and sizes, to expand by geographic presence and bandwidth. 

“Our goal for now is to double in size on an annual basis,” said Citywide Commercial Founder and Managing Principal Todd Hamilton.

Jack Scanlan

“Strong market projections have made this not only a realistic goal but also a gratifying one to achieve, particularly when it means adding such knowledgeable and well-respected brokers to our team.

”They share the same passion for customer service, and have come on board ready to expand our collective presence in the Valley.”

The new members of the Citywide Commercial team are:

Bo Sederstrom

Bo Sederstrom, Senior Sales & Leasing Agent. A 30-year industry veteran, Sederstrom specializes in tenant and landlord representation, most recently including negotiations for an almost $50 million life science lease in metro Phoenix.

 He is a member of the ASU WP Carey College of Business Alumni Board of Directors, ASU Presidents Club and Sigma Alpha Epsilon Phoenix Alumni Association Board of Directors, and is Past President of the City of Phoenix Industrial Development Authority.

Scott Wiley
Jack Scanlan, Associate Broker. Scanlan offers more than 42 years of corporate ownership and sales expertise.

 He specializes in industrial warehouse leasing and provides professional representation for commercial building owners. Scanlan’s primary focus is the metro Phoenix West Valley.

Scott Wiley, Associate Broker. Wiley’s career spans 17 years and more than $500 million in transactions, with a specialty focus on industrial properties.

 He holds a bachelor’s degree in computer systems and is a U.S. Army veteran, with service as a Battlefield Control Communication Specialist.

Scott Craig

Scott Craig, Sales & Leasing Agent. Specializing in the Northeast Valley with a focus on the Scottsdale Airpark, Craig applies more than 20 years of small- and mid-size business expertise to locate companies in well-matched office, retail and industrial space.

 He holds a bachelor’s degree in Science in Information Systems and a master’s degree in management information systems.

Garrette Golding, Sales & Leasing Agent. Golding has been leasing and selling commercial real estate since 2017.

 Prior to this, he worked for a large financial services company where he supported independent advisory firms with $5 billion in assets under management. He holds Series 7, Series 66 and Series 9 licenses.

Garrette Golding
Ken Schawl, Sales & Leasing Agent. Ken specializes in industrial sales and leasing for tenants and landlords, with a focus on the Southwest Valley submarket including Avondale, Glendale, Goodyear, Tolleson and West Phoenix. Prior to joining Citywide, Ken served as a broker for Phoenix West Commercial.

Citywide Commercial Real Estate is located in the heart of the Camelback Corridor at 2122 E. Highland Ave., Suite 335, in Phoenix.

For additional information, contact the company at 602.313.1000 or www.citywidecre.com.

About Citywide CRE

Citywide Commercial Real Estate is a boutique commercial real estate firm specializing in commercial real estate properties within the greater Phoenix market.

Ken Schawl
Under the direction of industry veterans, Citywide provides expertise in all stages of commercial real estate investment including site selection, investment strategies, leasing and property marketing.

On each front, the company lives out its mission to provide innovative, results-oriented, customer-first services that maximize the potential of every industrial asset in its care. 

To learn more, please visit www.citywidecre.com.


Stacey Hershauer

Arbor Funds Fannie Mae Small Loans Totaling $8.3 Million in Philadelphia, PA and Milwaukee, WI

Eric Regenbogen

UNIONDALE, NY, Aug, 27, 2019 – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed two Fannie Mae Small Loans providing $8.3M in acquisition funding.

Located in the Roxborough area of Philadelphia,
 6161 Ridge Avenue is 
 a 27-unit, four-story complex
 6161 Ridge Ave. in Philadelphia, PA, a 27-unit, four-story complex, received $5.4M, while 28 West Apartments in Milwaukee, WI, an 89-unit, three-story property, received $2.9M.

Eric Regenbogen of Arbor’s Uniondale office originated the loans.

28 West Apartments in Milwaukee, WI
is an 89-unit, three-story property.

“This is a perfect example of how acquisitions in two different markets benefitted from customized  Fannie Mae executions,” said Regenbogen. “And, it clearly demonstrates Arbor’s superior expertise and deep relationships with the lending agencies.”

Located in the Roxborough area of Philadelphia, 6161 Ridge Ave. delivers amenities ranging from stainless steel appliances to on-site parking options. It’s also a quick walk or drive to local shopping centers, colleges, mass transit and recreation.

28 West Apartments is conveniently located near downtown Milwaukee with easy highway access.

The residences feature new kitchen cabinets, countertops and appliances; spacious closets; wall-to-wall carpeting and window coverings; on-site laundry facilities; and 24-hour emergency maintenance.


 Bina Handa
Tel: 516.506.4229

JLL closes $18 million sale of Syracuse, NY medical office property

Steven Rutman
NEW YORK, NY – JLL announced it has closed the $18 million sale of Crouse Medical Center, which comprises two connected buildings totaling 173,466 square feet of medical office space in Syracuse, New York.

JLL marketed the property on behalf of the seller, Brittonfield Associates. ICONIC Property Partners purchased the asset and assumed the existing loan.

Crouse Medical Center consists of a one-story medical office building along with a three-story professional office building that is transitioning into a medical office. 

The 88.8%-leased property is anchored by Crouse Health System, which is a two-hospital, 514-bed, not-for-profit integrated health network. 

Ben Appel
At this location, Crouse Hospital offers neurology, women’s care, internal medicine, physical rehabilitation, cardiology and imaging along with non-hospital clinical services, including ophthalmology, gastroenterology and laboratory services. 

Situated on 18.46 acres at 5000 Brittonfield Parkway, Crouse Medical Center is about 10 miles from Crouse Hospital and is adjacent to Interstate 481 and one mile from Interstate 90.

The JLL Capital Markets team representing the seller was led by Director Steven Rutman, Managing Director Ben Appel, Senior Managing Director Jose Cruz and Managing Director Rob Rizzi.

Jose Cruz 
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.

Rob Rizzi

 About ICONIC Property Partners

ICONIC Property Partners is a private commercial real estate investor, operator and manager exclusively focused on quality office and industrial properties in major secondary markets throughout the eastern half of the United States.

 ICONIC Property Partners is based in Mahwah, New Jersey, and is led by Principal’s Yaakov Leiser and Zack Schwartz. 

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 

Yaakov Leiser 
Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. 

In doing so, we will build a better tomorrow for our clients, our people and our communities. 

JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. 

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 

Steven Rutman, JLL Director
New York License No:  10401278083
Phone: +1 212 245 2425

Ben Appel, JLL Managing Director
Phone: +1 484 532 4200

Kimberly Steele, JLL Digital Content/PR Specialist
Phone: +1 713 852 3420