Thursday, September 26, 2019

Arbor Funds $1.2 Million Freddie Mac Small Balance Loan (SBL) in Fallbrook, CA

Greg Gillam
UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Freddie Mac Small Balance Loan (SBL) in Fallbrook, CA.
Buena Altura Apartments, a 10-unit apartment building, received $1.2M in refinance cash-out funding through the program. The loan includes a 10-year, fixed-rate term with three years interest only and stepdown prepayment
 Greg Gillam of Arbor’s Manhattan Beach office originated the loan.
 “The borrower purchased this property about two years ago and spent quite a bit of money improving it. Arbor was able to provide favorable financing through Freddie Mac that included a return of part of the cash invested in the enhancements.”
10-Unit Buena Altura Apartments, Fallbrook, CA
 Built in 1979 and renovated recently, the units on this property offer laundry facilities, high speed internet access and close proximity to local shopping centers.
The complex enjoys the blend of rural tranquility, natural beauty, rolling hills and suburban lifestyle that characterizes the Fallbrook community of northern San Diego.

Bina Handa
Tel: 516.506.4229

Stos Partners Acquires Multi-Tenant Carlsbad, CA R&D/Office Property

R&D/Office Property, 5816 Dryden Place, Carlsbad, CA

 CARLSBAD CA, Sept. 26, 2019  Stos Partners, a privately held commercial real estate investment and management firm, has acquired a multi-tenant R&D/office property in Carlsbad, California, bringing the firm's year-to-date acquisition volume in 2019 to 402,500 square feet totaling more than $55.5 million throughout Southern California.

CJ Stos
"This acquisition reflects the continued success of our firm's investment strategy, through which we are able to identify and acquire value-add properties in high-demand industrial and office locations, despite today's tight market," says CJ Stos, Principal of Stos Partners. 

"As one of Southern California's most active buyers of value-add industrial, office, and flex properties, we were able to draw upon our strong broker network and proven track record of rapid closings to secure this property among a pool of competitive buyers.”

Stos acquired the two-tenant R&D/office property from the seller, a private entity, and negotiated a sale/leaseback through which the seller will remain a long-term tenant, occupying 79% of the 22,156 square-foot building.  

Jason Richards
Stos also successfully negotiated a reduced price and favorable structure that provides increased flexibility to improve the property and successfully execute the business plan, according to Jason Richards, a Partner at Stos Partners.

“The remaining vacant suite will undergo an extensive renovation and presents a tremendous opportunity to deliver highly desirable, efficient and competitively priced office space for lease in the Carlsbad market,” says Richards.

The Stos team plans to implement cosmetic improvements and building upgrades that include a new roof, exterior and interior paint, revived drought-tolerant landscaping, parking lot upgrades and speculative creative office interior improvements to attract small to mid-sized tenants seeking well located, low cost office space.

Jay Boyle
“By acquiring this asset at a competitive basis and implementing a series of strategic capital enhancements, we will be able to offer the remaining space at a lease rate as low as 20% below market, while still exceeding our investment goals for the property,” says Jay Boyle, an Executive Vice President with Stos Partners.

Situated in close proximity to the I-5 Freeway and an abundance of retail amenities, the property is located at 5816 Dryden Place in Carlsbad, California.

Adam Foster
Adam Foster of Foster Commercial Real Estate represented Stos as the buyer in the acquisition.


Katie Haga / Jenn Quader
(949) 438-6262

JLL secures permanent financing for Dallas, TX office buildings

3000 and 3100 Olympus Boulevard, Dallas, TX

DALLAS, TX – JLL announced  it has secured a permanent loan for 3000 and 3100 Olympus Boulevard, two newly constructed, Class A office buildings totaling 467,366 square feet in Dallas, Texas.

Working on behalf of the borrower, Billingsley Company, JLL placed the 15-year, fixed-rate loan with Allianz Real Estate of America.  The permanent financing replaced two construction loans on the stabilized properties.

 Trey Morsbach 
3000 and 3100 Olympus Boulevard are situated within the 1,000-acre Cypress Waters master-planned development, which offers five-star amenities such as on-site retail, food trucks, indoor/outdoor fitness centers and conference centers, and a planned five-mile hike and bike trail. 

 The transit-oriented development is just a five-minute commute to DFW International Airport and has direct access to Interstate 635 and Belt Line Road, two of the area’s major thoroughfares.  

Additionally, the properties sit adjacent to The Sound, which includes retail, restaurants and multifamily around the 362-acre North Lake that anchors Cypress Waters.  

Overall, the properties are 99.5% leased with 3000 Olympus serving as the new global headquarters for Brinker International and Nokia operating as the anchor tenant at 3100 Olympus.

Jim Curtin
The JLL Capital Markets team representing the borrower was led by Senior Managing Director Trey Morsbach and Managing Director Jim Curtin.

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 GP Corp. (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.                                                                                                         

 Kristen Murphy
 JLL Director, Public Relations
Phone: +1 617 848 1572

Allianz enquiries: Maria Broccoli
Phone: +1 212 235 0456
Mobile: +1 917 612 0775

À La Carte Investments, LLC Closes Office Condo Portfolio Sale at Full-Asking Price Near Roswell, GA Historic District

Jacqueline Pace 

ATLANTA, GA -- Atlanta-based private equity investment and advisory firm, À La Carte Investments, LLC, announced that it has successfully represented L & L Communications, Inc. in the sale of an 1,842-square-foot office condo portfolio located at 875 Old Roswell Road in the Atlanta suburb of Roswell, GA.

The two-condo portfolio, and former headquarters of the Atlanta Tribune magazine, sold within months of being listing and fetched a full-asking price.

À La Carte Investments Commercial & Investment Broker Jacqueline Pace represented the seller in the transaction. Tiffany Gray of TAMG Realty, Inc. represented the buyer.

Tiffany Gray 
"Deep relationships and on-the-ground marketing efforts resulted in a highly favorable return for our client." Joseph Harland, II President & Managing Broker À La Carte Investments, LLC

The turn-key condos are located in Building C, suites 100 and 200, in the Old Roswell Exchange office complex.

Joseph Harland, II 

The property is conveniently situated between Holcomb Bridge and Mansell Roads, offering quick access to GA 400 and is in close proximity to North Point Mall, hotels, banks and other professional service providers, as well as the Roswell Square and Historic District.

About À La Carte Investments, LLC

À La Carte Investments, LLC, is an Atlanta-based private equity investment and advisory firm. The company offers real estate investments and advisory services using thoughtful and creative solutions to meet the investment needs of principals, investors and partners.

For more information, please visit


JOSEPH HARLAND, II - President & Managing Broker
À la Carte Investments, LLC

Schedule a meeting with us at

Frank Lloyd Wright’s Final Home in Phoenix, AZ Headed for Auction

Frank Lloyd Wright’s Circular Sun House, also known as the Norman Lykes House, was the last home design he worked on before he died in 1959.
                                                                              Photo by Craig Root

                            Frank Lloyd Wright

PHOENIX, AZ -- Sixty years after his death, Frank Lloyd Wright’s Circular Sun House, also known as the Norman Lykes House, was the last home design he worked on before he died in 1959, according to

John Rattenbury

Built in 1967 and later restored in 1994 by his apprentice John Rattenbury, the 3,095-square-foot, three-bedroom, three-bath contemporary house is located in Phoenix on 1.3 acres on the edge of the Phoenix Mountains Preserve.

Retired Justice Sandra Day O’Connor
 It will go to auction on October 16 with no reserve. Wright designed over 1,000 structures during his 73-year career including many of America’s most famous buildings such as Fallingwater, the Guggenheim Museum and the Johnson Wax Headquarters.
Emma Stone

Wright had been working with Mr. Rattenbury on the Lykes House sketches and had chosen the building site and designed the furniture and built-ins for the home when he became ill and died at age 91.

Michael Phelps
Having come full circle from his start in Prairie style, to textile block, to organic and, towards the end, the functional Usonian for the masses, his last designs showed a new interest in circles and curves as he created buildings in the round such as the Guggenheim in New York City and a home he built for his son, the David and Gladys Wright home, also in Phoenix.

Alicia Keys
Registered with the Frank Lloyd Wright Building Conservancy, the home includes Wright’s signature large living room fireplace intended to bring families and friends together, a lower-level media room, two home offices with built-ins of desk, cabinet storage and walls of shelving, and a distinctive curved kitchen with the best appliances of the day.

Alice Cooper
 Wright designed rolling-island and unique under-cabinet windows and timeless stainless-steel counters, contemporary-tiled large baths, and a privacy-walled crescent pool with mother-of-pearl tiles and patio viewed from inside through glass walls.

Steven Spielberg
There is also a separate upstairs round office with all built-in furnishings in Philippine mahogany, as are all the home’s built-ins, and is encircled by half-moon windows.

David and Gladys Wright house in Phoenix, AZ designed by Frank Lloyd Wright for his son and daughter-in-law

Views of the city, valley and mountains can be seen from almost every room and if the Phoenix Lights return, the Lykes House will have a commanding view.

Guggenheim Museum, Bilbao, Spain
Conveying in the sale will be the added bonus of Wright’s mid-century modern furniture including small stools, table, night stands and end tables.

 Johnson Wax Headquarters, Racine, Wisconsin
Phoenix and its Paradise Valley have been a home for the rich and famous in all walks of life including retired Supreme Court Justice Sandra Day O’Connor, actress Emma Stone who grew up there, history’s most-decorated Olympian, Michael Phelps, singer Alicia Keys who just bought the Razor House in La Jolla, California, musician Alice Cooper and filmmaker Steven Spielberg.
The auction will be held at the property by auctioneers Heritage Auctions.


Genelle C. Brown
Content Manager, Media Division
Phone:  434-480-4504

Twitter:  @toptenrealestat