Wednesday, March 31, 2021

Hold-Thyssen Assists Label Manufacturer’s Florida Expansion with New Sales Office in Tampa’s Westchase Commons



Theresa Margaris 

 Tampa, FL and Clearwater, FL --- Hold-Thyssen, Inc. recently completed a long-term lease agreement with a Connecticut-based firm expanding in Florida with a sales office at Westchase Commons, 13051 W. Linebaugh Ave. just east of Race Track Road in the Westchase area of Tampa . 

 Transaction Specialist Theresa Margaris at Hold-Thyssen’s Clearwater office brokered the transaction representing JQ Properties, LLC, the Tampa-based landlord of the professional office park. 

 The new tenant Specialty Printing, LLC designs and manufactures custom labels for government, retail and medical uses. The company is headquartered in East Windsor , CT , with distribution centers and sales offices throughout the country 

 Contacts: 

Richard J. Fisher Vice President/Investor Services Hold-Thyssen, Inc. 
 813-880-7100 ext303 rfisher@HoldThyssen.com

 Robert P. Hold Principal Hold-Thyssen, Inc. 407-691-0505 bhold@HoldThyssen.com 

 Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 
 407-644-4142 Lvershelco@aol.com


The Bee Gees Robin Gibb Mansion in Long Island, NY for Sale at $12.9 Million

 

Barry (top), Maurice (bottom)
 and Robin (center) Gibb.
 (Photo courtesy:
(Sean O’Meara/Getty Images and Billboard) 
Credit...


LONG ISLAND, NY -- In the 1960s and ‘70, the Bee Gees were rock ‘n’ roll royalty. Three brothers: Barry, Maurice and Robin Gibb even rivaled the Beatles for a few years for record sales and popularity.

The Long Island waterfront home where Robin lived in the 1970s and ‘80s is for sale with an asking price of $12.9 million.

Former Bee Gees Mansion in Long Island, NY,
built in 1926and named “Kenjockety,”which is
 Native American for “Far from Noise.”

On almost seven acres, it was built in 1926 and named “Kenjockety,” which is Native American for “Far from Noise.”

Arthur H. Fleming, 1920
(photo courtesy Wikipedia)
Originally built as a wedding gift from lumber-magnate Arthur H. Fleming to his daughter, Marjorie, the home was designed by Bertrum Grosvenor Goodhue, who designed over 30 prominent Gothic and Spanish Colonial-style buildings in the early 1900s.

They included St. Bartholomew’s Church in New York City, the Chapel at West Point, the Nebraska State Capitol and the Rockefeller Library at the University of Chicago.

Fleming spared no expense when it came to his daughter. From location to landscaping, not a detail was overlooked, according to TopTenRealEstateDeals.com.

Sited on a bluff on almost seven acres, Kenjockety has views of Oyster Bay and Cold Spring Harbor across Long Island Sound.

Christie Brinkley

Grounds contain a greenhouse, swimming pool, a one-bedroom cottage with a wood-burning fireplace, a large deep water dock designed for large yachts, and over 500-feet of beachfront. The beachfront is protected by a new seawall.

Angelina Jolie

Purchased last in 2011 by its current owner, Kenjockety has undergone nine years of refurbishment at a cost of over $7 million, though never lived in by the latest owner.

Billy Joel

The interior has ten fireplaces, seven bedrooms, seven full baths and three half baths. As expected of grand houses of the era, rooms are large but still warm and inviting.

Jerry Seinfeld

The impressive foyer has a solid mahogany-coffered ceiling, marble-tiled floor and large fireplace. Both the formal living and dining rooms have wood-burning fireplaces and there is a winter garden room that opens from the living room.

Bonnie Williamson

Loaded with character, two surprises are a hidden powder room in the bookcase of the library and a hidden built-in bar on the other side of the library with a sink and wine refrigerator.

Walls throughout the structure have Venetian plaster, and wood used in all the rooms is mahogany, including the custom-closet systems.

Lauryn Koke 

In addition to the public rooms, there is a third-floor home office, a game room, and a totally refurbished kitchen with a breakfast room. Like almost every room in the house, the kitchen breakfast room overlooks the gardens and water.

With roots in England and Australia, the Bee Gees hit it big in the late 1960s with songs such as “To Love Somebody,’ “Massachusetts” and “Holiday” but saw their popularity wane in the early 1970s.

 


In 1975, they moved to Miami and relaunched the group with their new disco sound, made forever famous with their soundtrack for the movie Saturday Night Fever.


One of the best-selling albums of all time, Saturday Night Fever won five Grammy Awards with songs including “Staying Alive” and “Night Fever.”

 

After Maurice died in 2003, Barry and Robin continued to perform occasionally, both individually and as a duo, until Robin became ill.

 

Robin was one of the many celebrities who have been drawn to the area, including Christie Brinkley, Billy Joel, Angelina Jolie and Jerry Seinfeld.

 

Listing agents for the Kenjockety estate are Bonnie Williamson and Lauryn Koke of Daniel Gale Sotheby’s International Realty, Cold Spring Harbor, New York.

 CONTACT:

 Genelle C. Brown
Content Manager, Media Division

TopTenRealEstateDeals.com
Phone:  336-459-3728

Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

Photos:  https://www.dropbox.com/sh/ijyrm923x75ic38/AAA5XA-8iPZUvND36_Yzf8fua?dl=0   ;

 

Source: www.danielgale.com
YouTube:  https://www.youtube.com/watch?v=NKYQtNFh0Ck 

Photo Credit:  Tyler Sands, Sands Media House
YouTube Credit:  Sean Evans, @evvo1991 backtothemovies.com/
Source:  TopTenRealEstateDeals.com 

Comunidad Partners and Nuveen Acquire 603-Unit Affordable Multifamily Asset in "the most diverse square mile in America"

 

Pamela West

CLARKSTON, GA — Comunidad Partners, a minority and women-owned real estate investment firm that specializes in workforce / affordable housing communities in culturally diverse neighborhoods, in partnership with global investment manager Nuveen, has acquired Village at the Creek, a 603-unit affordable and workforce housing community in Clarkston, Georgia in an off-market transaction.

 This acquisition represents Comunidad’s continued mission of bringing institutional capital to underserved markets with diverse populations across the sunbelt region of the U.S., according to Antonio Marquez, Comunidad’s Managing Partner.

 “This particular location within the Atlanta submarket is dubbed ‘the most diverse square mile in America’ as it is a melting pot of immigrants, migrants and refugees who have come to the U.S. seeking a better life,” explains Marquez.

 

Antonio Marquez

“This acquisition is closely aligned with our investment mission of creating culturally-relevant, inclusive communities that are tailored to the various ethnicities that live within the communities we serve and in markets that are poised for long-term economic growth.”

 This represents Comunidad’s fifth acquisition in the Atlanta market bringing its total holdings in the area to more than 1,566 units.

“The Atlanta market, including Clarkston, has undergone tremendous growth over the last several years yet is experiencing an affordable housing crisis along with a gap in resources and services that are needed to support residents that are critical to the local workforce,” says Marquez.

Village at the Creek, a 603-unit affordable
 and workforce housing community
 
at 751 North Indian Creek Drive
 in Clarkston, GA

 According to Pamela West, Managing Director, Global Real Estate, Impact Investing at Nuveen, the firm’s focus on social and environmental impact was one of the major reasons they decided to partner with Comunidad.

 “We were extremely attracted to this community for several reasons,” says West. “First, it is located in an economically and culturally diverse neighborhood that is poised for continued growth.

 "Secondly, it is closely tied to our focus on impact from both a social programming standpoint and long-term preservation perspective. Comunidad has an exceptional track record and we are excited to be partnering with them in this shared mission.”

Contact:


Katie Haga

Brower Group

(949) 438-6262

khaga@brower-group.com

Home - Comunidad Partners.

www.nuveen.com.

 

IMG Brokers $41 Million Sale of Waterleaf Townhomes and Apartments in Port St. Lucie, FL

 

 Karlin Conklin

Port St. Lucie, FL — Investors Management Group, Inc. ("IMG")  announced it has sold Waterleaf Townhomes and Apartments, a 230-unit community located at 1900 SE Hillmoor Drive in Port St. Lucie to Covenant Capital Group for $41.55 million.

IMG and its investors will exchange the proceeds as part of a long-term multifamily investment strategy.

 IMG acquired the property in 2017 for $26.75 million. The Company invested $3.1 million on renovations in the townhome interiors plus the fitness center, pools, sports park, and other common-area amenities.

Darron Kattan 
IMG’s renovations attracted renters who paid an average $200 premium for the upgrades.

“Identifying communities with attractive fundamentals in emerging markets is IMG’s competitive advantage. 

"We're always operating ahead of the mainstream," said IMG Principal and Executive Vice President Karlin Conklin.

 Conklin also notes that “With the heightened competition in secondary and tertiary markets, investors are paying premium prices for the best multifamily assets.

"It’s a good sign of investor confidence in multifamily as a reliable investment vehicle. We’ll continue following our value-add business model in Southeast markets as we grow our portfolio.”

 IMG currently owns an apartment community in Tampa, the 276-unit Solis at Ballast Point which it acquired in 2018. IMG has transacted over 1,000 units across the Miami and Tampa metros over the last decade.

 Darron Kattan of Franklin Street represented IMG in the transaction.

Neil Schimmel

Founded by Neil Schimmel, Investors Management Group (“IMG”) is a real estate sponsor focused on multifamily assets across a national platform.

 For over a decade, IMG has grown investor capital by increasing rental housing value and enhancing the resident living experience.

 IMG has acquired 9,500 multifamily units representing 40 properties nationally since 2010. Of the properties sold, the average return was 27%.


 IMG currently owns and operates 3,600 apartment units across the U.S. Total investor capital in IMG-sponsored multifamily real estate exceeds $360 million.

 

 CONTACT:


David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

 

Lincoln Property Co. Promotes Three in Desert West Region

 

David Krumwiede

PHOENIX, AZ, March 31, 2021 – Leading developer and property manager Lincoln Property Company (LPC) has promoted three within its Desert West development and leadership team: David Krumwiede, Nick Nudo and Justin Arnitz.


In his new role as Senior Executive Vice President, Krumwiede will continue to direct LPC’s award-winning metro Phoenix presence while also advancing a strategic multi-market expansion of LPC Desert West across its region of Arizona, Nevada, Utah and New Mexico.

Nudo has been promoted to Director of Real Estate, focusing on leasing for the firm’s Class A office and industrial space in the Desert West region.

 Arnitz, who advances from Real Estate Associate to Associate Director of Real Estate, focuses on LPC Desert West development and acquisitions, and collaborates with Nudo on property leasing efforts.

Nick Nudo 

“This year marks the 20th anniversary of the LPC Phoenix office,” said Krumwiede. “It has been an honor to serve Lincoln over the past two decades and to establish – and continue to grow – our talented team and our high-quality, highly creative market presence.

Across his career, Krumwiede has managed the development and acquisition of more than 22 million square feet of space, including the development of almost 15 million square feet of Class A office, industrial, retail and mixed-use product.

Nudo previously served LPC as a Senior Real Estate Associate, and held Senior Associate and Associate broker positions at Cushman & Wakefield and Lee & Associates. Arnitz previously served LPC as Real Estate Associate.

 Cumulative activity by LPC Desert West has earned the team numerous awards, including back-to-back 2018 and 2019 NAIOP Arizona Owner/Developer of the Year.

Justin Arnitz

Recent landmark projects by LPC Desert West include development of the first two (of eight) Class A office buildings at The Grand at Papago Park Center in Tempe, Arizona; the Class A Lincoln Logistics 40 and Park303 industrial employment centers in Phoenix’s West Valley; and the Class A Waypoint and Union office projects at the confluence of Scottsdale, Tempe and Mesa, Arizona.

Upon their disposition, Waypoint, Grand1, Grand2 and Lincoln Logistics 40 earned record-breaking sale prices.

The Desert West team continues to pursue acquisition and development opportunities across the region. To learn more contact Krumwiede or John Orsak at 602.912.8888.




CONTACT:

Stacey Hershauer

focusAZ 


P 480.600.0195

www.focusaz.com

Tuesday, March 30, 2021

Native Realty Expands Team of Property Enthusiasts, Promotes Kaley Tuning to Sales Director

 

Kaley Tuning

 
Dino Flora 
FORT LAUDERDALE, FL
 – March 30, 2021 – Native Realty, the pioneering Fort Lauderdale-based commercial real estate firm led by Jaime Sturgis, bolstered its team of Property Enthusiasts with the addition of Real Estate Agents Dino Flora and Spencer Scalzitti. Both are based in Native’s Flagler Village headquarters.

The firm also has promoted Kaley Tuning to Sales Director. She first joined Native as a Sales Associate in fall 2019.

Spencer Scalzitti

 A longtime resident of South Florida, Flora comes to Native with nearly two decades of leadership, strategic management and customer service experience. He spent 17 years serving in various leadership roles at JM Family Enterprises.

 Scalzitti has several years of real estate experience in Florida and New York. At Native, he is focusing on the firm’s substantial portfolio of investment sales and leasing offerings in Flagler Village.

 “We are thrilled to welcome Dino and Spencer, two talented and dedicated professionals who share our collective passion for the neighborhoods we are actively placemaking,” Sturgis said. 

“It is also exciting to have Kaley take on this new role. She has been a valuable member of the Native team since her arrival.”

Jaime Sturgis

Tuning has more than 15 years of industry experience, including nearly a decade at Fort Lauderdale-based Stellar Homes Group.

 Notable recent transactions completed by Tuning include:

 Representing New Jersey-based Asbury Ale House in a 9,263-square-foot lease for its first South Florida location at Society Las Olas in downtown Fort Lauderdale

  • Brokering a 7,193-square-foot office lease with Fairway Independent Corp. at a Fort Lauderdale building owned by prominent real estate investment firm Elion Partners
  • Arranging a 3,000-square-foot lease with “paint and sip” concept Strokes Art Bar in the emerging 13th Street neighborhood

Native Realty is headquartered at 719 NE Second Ave. in Flagler Village.

  

 CONTACT:

Eric Kalis

Vice President

BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

 www.nativerealty.com. 

Cara Leonard-Munn joins Bellwether Asset Management to lead Debt Team

Cara Leonard-Munn
 

 LOS ANGELES, CA March 30, 2021 - Bellwether Asset Management, Inc. (“Bellwether”) announced today that it has hired Cara Leonard-Munn as Senior Vice President, Debt Asset Management.

 In her new role, Mrs. Munn will be responsible for leading the Bellwether debt asset management team which oversees a wide variety of real estate debt investments, inclusive of private loans and public securities.

Dennis Grzeskowiak

 Mrs. Munn joins Bellwether from CBRE where she provided structured finance advisory services and Savills plc. where she led the Global Hotel Group investment banking platform’s expansion into the US.

 Previously, Mrs. Munn led the Structured Investments platform at Lowe Enterprises Investors and was a member of the real estate principal investment team at Canyon Capital. Mrs. Munn started her career as an attorney at Cox, Castle & Nicholson.

Joe Mossotti

 "Bellwether Asset Management is extremely pleased to add Cara to lead our Debt Asset Management group" said Dennis Grzeskowiak, Bellwether Co-Founder and Principal.

 "Our outsourced asset management services are viewed as best in class, and Cara’s addition to the team bolsters our capabilities and reputation.”

 Joe Mossotti, Bellwether Co-Founder and Principal, commented further “Cara’s significant experience in structured finance in addition to her legal background is the perfect fit to grow and manage our debt asset management platform, which continues to see significant demand from both new and recurring client engagements.”

 CONTACT:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

 http://www.bellwetheram.com/

 

Monday, March 29, 2021

Upper East Side multi-housing development site in New York City sells for $32 million

 

SOLD: 1303-1309 Third Avenue, Upper East Side, New York City


 Guthrie Garvin

NEW YORK, NY,  Mar. 29, 2021 — JLL Capital Markets announced today that it has completed the $32.325 million sale of 1303-1309 Third Ave., a premier corner development site on New York City’s Upper East Side.


 
JLL worked on behalf of the seller Gastonia, LLC to complete the sale to the buyer, EJS Group.

 The assemblage, located at the southeast corner of Third Ave. and E. 75th St., provides a unique development opportunity with more than 150 feet of wraparound frontage.

 Jonathan Hageman
The site is ideally positioned for a developer seeking to build in the heart of one of Manhattan’s most desirable and established neighborhoods.

The property is within walking distance to major attractions and amenities, including Central Park, world-class museums, leading hospitals, premier schools, fine dining and shopping.

 It is located in close proximity to the Q, 4, 5 and 6 subway lines, providing direct access to Midtown and the rest of Manhattan.

 The JLL Capital Markets team representing the seller was led by Managing Directors Guthrie Garvin, and Jonathan Hageman; Directors Jack Norton and Solomon Michailow; and New York Investment Sales Chairman Bob Knakal.

 Jack Norton 
“1303-1309 Third Ave. is a unique development opportunity with extraordinary potential,” said Garvin. 

“Its location within one of Manhattan’s most sought-after neighborhoods offers developers the chance to create a stand-out residential property.”

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

Solomon Michailow
 



The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales 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 our newsroom.

 CONTACTS:

 George Shea and Rachel Tate

Shea Communications

Phone: +1 212 627 5766

Email: rachel@sheacommunications.com

 

Natalie Passarelli
Public Relations

Jones Lang LaSalle Americas, Inc.

200 E. Randolph St.
Chicago, IL 60601

M +1 224 477 7307

natalie.passarelli@am.jll.com

 us.jll.com/investorservices