HFF secures $27 million financing for two building portfolio in Boston’s Fenway neighborhood

1249 and 1255 Boylston St., Boston, MA

 BOSTON, MA – HFF announced today that it has secured $27 million in financing for 1249 and 1255 Boylston Street, a two-building office and retail portfolio totaling 70,330 square feet in Boston’s Fenway neighborhood.

                Working exclusively on behalf of Samuels & Associates to refinance the existing debt, HFF placed the fixed-rate loan with Boston Private Bank & Trust Company.

Greg LaBine

1249 and 1255 Boylston Street are located one block from Fenway Park and the Yawkey Station MBTA stop in Boston’s Fenway neighborhood.  Originally built in the 1920’s, both properties were renovated in 1990 and are fully leased.  1249 Boylston Street is a 37,495-square-foot building leased to CVS and Partners Healthcare.  1255 Boylston Street is a 32,835-square-foot building occupied by Guitar Center and Nextel.

                The HFF team representing Samuels & Associates was led by director Greg LaBine, along with director Porter Terry and senior real estate analyst Robyn King.

Robyn King

“One of many successes that Samuels & Associates has had in the Fenway neighborhood, these assets have a great combination of strong tenancy and superior urban infill location,” said LaBine.  “As such, this financing was attractive to banks, CMBS lenders and life insurance companies.  Boston Private provided the best alternative for the deal and moved quickly to an efficient closing.”

Samuels & Associates boasts twenty years of development, leasing and management experience and continues in 2012 to chart new waters with remarkable projects in urban and suburban communities.

Contact:

Kristen M. Murphy

Associate Director

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com

HFF secures $27.5 million financing for San Diego Union Tribune headquarters in San Diego, CA

San Diego Union Tribune Headquarters

HFF secures $27.5 million financing for San Diego Union Tribune headquarters in San Diego, CA

SAN DIEGO, CA – HFF announced today that it has secured $27.5 million in financing for the San Diego Union Tribune Headquarters, a three-building, 329,000-square-foot,  mixed-use complex in San Diego, California.

                Working exclusively on behalf of the borrower, an entity controlled by Manchester Financial Group, HFF placed the five-year, fixed-rate loan with one of its correspondent life companies.  Loan proceeds were used to refinance the long time headquarters for the San Diego UT.  HFF will also service the loan.

Tim Wright

 Renovated in 2012, the collateral consists of a five-story, 165,000-square-foot office building, a three-story, 161,000-square-foot industrial building used for production purposes, and a 2,500-unit service building.  The property is the central location for the company’s digital, print and multimedia platforms, and is situated on 13 acres at 350 Camino de la Reina, adjacent to Fashion Valley Mall and close to the 163 and I-8 Freeway interchange in Mission Valley.

                The HFF team representing the borrower was led by senior managing director Tim Wright and associate directors Bryan Clark and Zack Holderman.

Contact:

Kristen M. Murphy

Associate Director

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com

HFF secures $27.5 million financing for San Diego Union Tribune headquarters in San Diego, CA

San Diego Union Tribune Headquarters

 SAN DIEGO, CA – HFF announced today that it has secured $27.5 million in financing for the San Diego Union Tribune Headquarters, a three-building, 329,000-square-foot,  mixed-use complex in San Diego, California.

                 Working exclusively on behalf of the borrower, an entity controlled by Manchester Financial Group, HFF placed the five-year, fixed-rate loan with one of its correspondent life companies.  Loan proceeds were used to refinance the long time headquarters for the San Diego UT.  HFF will also service the loan.

Tim Wright

Renovated in 2012, the collateral consists of a five-story, 165,000-square-foot office building, a three-story, 161,000-square-foot industrial building used for production purposes, and a 2,500-unit service building.  The property is the central location for the company’s digital, print and multimedia platforms, and is situated on 13 acres at 350 Camino de la Reina, adjacent to Fashion Valley Mall and close to the 163 and I-8 Freeway interchange in Mission Valley.

                The HFF team representing the borrower was led by senior managing director Tim Wright and associate directors Bryan Clark and Zack Holderman.

Contact:

Kristen M. Murphy

Associate Director

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com

HFF secures $12 million refinancing for La Jolla, CA retail center

Girard Plaza, La Jolla, CA

SAN DIEGO, CA – HFF announced today that it has secured a $12 million refinancing for Girard Plaza, a 30,000-square-foot retail center in La Jolla, California.

Working exclusively on behalf of the borrower, ColRich Investments, HFF placed the 10-year, fixed-rate loan with a correspondent life insurance company.  HFF has successfully represented ColRich Investments in residential, commercial and multi-housing financings over the past eight years.

Aldon Cole

Girard Plaza is located at 7830 Girard Avenue in the center of the La Jolla Village, which is about 12 miles northwest of downtown San Diego and is internationally known as a “high-end resort destination”.  The two-building property is fully leased to tenants including Banana Republic, Gap, Lululemon and Polo.

                The HFF team representing ColRich Investments was led by managing director Aldon Cole.

La Jolla Village, La Jolla, CA

“The loan included a six-month forward rate lock at the request of the client, who wanted to remove interest rate risk coming into the election.  

"We were pleased with the execution and that we were able to attract very compelling terms from a life company on a non-recourse basis on un-anchored strip retail.  The lender recognized the strength in the sponsorship and their long-term strategy on the asset,” said Cole.

Contact:

Kristen M. Murphy

Associate Director

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com

Loews Hotels & Resorts Promotes David Wiener to Senior Vice President, Sales

  

David Wiener

 NEW YORK, NY (Nov. 5, 2012) -- Loews Hotels & Resorts today announced that David Wiener has been promoted to Senior Vice President, Sales.  In this expanded role, Wiener will be responsible for leading the brand’s national sales organization, developing strategies with the individual hotels to maximize performance, creating deployment strategies, as well as leading customer acquisition.

 “During his tenure overseeing Sales and Marketing for the Western Region of Loews Hotels & Resorts, his portfolio outpaced the industry and luxury segment in RevPAR growth,” said Bruce Himelstein, Chief Marketing Officer of Loews Hotels & Resorts.  “We look forward to applying David’s proven skills to our brand, as we continue our aggressive growth plan in the coming years.” 

A 23-year hotel veteran, Wiener joined Loews Hotels & Resorts in 2010 as Vice President of Sales and Marketing for the Western Region.  Prior to joining Loews, he held a variety of positions at Fairmont Hotels culminating in Regional Director, Sales and Marketing.  While at Fairmont he repositioned some of the company’s most elite hotels; Fairmont San Francisco, Fairmont Turnberry Isle Resort & Club and Fairmont Acapulco Princess, following multi-million dollar renovations.

 Wiener graduated from California State University – Chico, with a Bachelor’s Degree in Business and Economics. He currently resides in San Diego, California with his wife and two children and will relocate to New York City in 2013.

www.loewshotels.com. 

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 Contact:

Lark-Marie Antón / Sarah Murov

Loews Hotels & Resorts

(212) 521-2779 / (212) 521-2495

lanton@loewshotels.com

 smurov@loewshotels.com

Jerry Daly / Chris Daly

Daly Gray Public Relations

(703) 435-6293

jerry@dalygray.com

chris@dalygray.com

Washington, D.C. development by Pelli Clarke Pelli Architects wins Urban Land Institute award

The Avenue, Washington, DC

NEW YORK, NY, Nov. 5, 2012 /PRNewswire/ -- The Avenue, a mixed-use development in Washington, D.C., by Pelli Clarke Pelli Architects has won a Global Award of Excellence from the Urban Land Institute.

Widely recognized as the land use industry's most prestigious awards program, the competition rewards real estate developments for best practices in design, construction, economics, planning and management.

Earlier this year, ULI selected 29 finalists from nearly 200 international entries before narrowing the winners to 14. In addition to good design, the award criteria include factors such as contribution to the community, innovations, environmental protection, response to societal needs, and financial success.

Developed by Boston Properties, The Avenue is an urban town center that connects George Washington University to the Foggy Bottom and West End neighborhoods.

George Washington University

Adjacent to Washington Circle, the 1.4 million-square-foot development includes a 12-story apartment building and a 10-story LEED Gold-rated office building. Shops, restaurants, and a Whole Foods grocery store create a vibrant shopping street.

The Avenue establishes a landscaped public courtyard with flowering trees at the center of the 2.6-acre site. This garden is made possible by submerging parking and a full-sized loading dock below grade. A water feature with aquatic plantings anchors the courtyard and helps collect rainwater for irrigation. 

Washington Circle, Washington, DC

Along Pennsylvania Avenue, a three-story glass-fronted atrium joins the office building's two towers. A grand two-story lobby connects the two towers of the apartment building--the west tower, with a rooftop pool, and the east, which has a rooftop deck.

The 335-unit building is set back from the street, creating a lively pedestrian plaza adjacent to sidewalk dining, shops and the Metro station.

For a complete copy of the company’s news release, please contact:

Sharif Aggour,

saggour@pcparch.com,

+1-212-417-9496

Web Site: http://www.pcparch.com