Monday, November 26, 2012

Taylor & Mathis of Florida’s Brian Gale Signs Foley & Lardner to Early Renewal & Expansion at One Biscayne Tower in Miami, FL


  
Brian Gale
 Miami, FL, Nov. 26, 2012 – Foley & Lardner LLP, one of Miami’s most prominent law firms has signed One Biscayne Tower’s largest lease this year.   One Biscayne Tower is located in downtown Miami.

  Brian Gale, principal with Taylor & Mathis of Florida negotiated the 36,531 square foot lease transaction on behalf of building owner L&B Institutional Fund.  

One Biscayne Tower, Miami, FL:
This lease constitutes an early renewal of 25,480 square feet plus an 11,051 square foot expansion. Broker Scott Strickland of Jones Lang LaSalle represented Foley in the 10 year, $15 million transaction. 

“Foley & Lardner is a well-respected, national law firm and we are thrilled with their continued expansion in Miami and specifically at One Biscayne Tower,” states Gale.  “This deal brings the building occupancy to 86%.”

Media Contacts:

Brian Gale,
 bgale@taylormathis.com
(305) 476-8880


Tammy Youngman,
 tyoungman@assetmarketingonline.com
  (813) 968-1388

www.TaylorMathis.com.
www.foley.com

Posted by Alex at 2:30 PM 0 comments

NAI Realvest negotiates sale of landmark church building on Bentley Street in Orlando, FL to Christian Church based in Baltimore, MD



Paul Partyka
 Orlando, FL -- NAI Realvest recently negotiated a $70,000 sale price for the church property at 921 and 1024 Bentley Street in Orlando.   

 Paul P. Partyka, principal and managing partner at NAI Realvest, who represented the seller International Church of the Foursquare Gospel based in Los Angeles, said the property was purchased by Maximum Life Christian Church (www.maximumlifechurch.com) which is relocating from a temporary space in west Orlando.

 The 5,465 square foot building was built in 1925.

For more information contact

 Paul P. Partyka, Managing Partner/Principal NAI Realvest, 407-875-9989
Beth Payan or Larry Vershel, Larry Vershel Communications 407-644-4142

Posted by Alex at 2:16 PM 0 comments

HFF secures refinancing for historic Keating Hotel and Mercantile Building in San Diego’s Gaslamp Quarter



The Keating Hotel, Gaslamp District, San Diego, CA

SAN DIEGO, CA – HFF announced today that it has arranged refinancing for two historic buildings totaling 40,400 square feet in San Diego’s Gaslamp District: The Keating Hotel and The Mercantile Building.

Aldon Cole
Working exclusively on behalf of The Keating Hotel Group, HFF placed the 10-year, 4.7 percent, fixed-rate loan with Cantor Commercial Real Estate (CCRE).  Loan proceeds are paying off existing debt and repatriating equity.

                Originally built in 1890, The Keating Hotel is a luxury boutique hotel with 35 guest rooms that was renovated in 2007 and designed by Pininfarina, exclusive designers of Ferrari. 

Husayn Hasan
The property is home to Croce’s Restaurant and Jazz Bar, Patrick’s Gaslamp Pub, and a newly opened lounge with direct hotel access. 

The Mercantile Building is located adjacent to the hotel and is the flagship location for Brick & Mortar, a two-story restaurant and bar out of Los Angeles.  Both properties are located at the intersection of 5th Avenue and F Street in San Diego’s Gaslamp District.

The HFF team representing the borrower was led by managing director Aldon Cole and real estate analyst Husayn Hasan. 

Historic Gaslight Quarter, San Diego, CA
Since defining a new standard for premier-branded, high-end lifestyle/boutique hotels worldwide with the completion of the first Keating Hotel in San Diego,

The Keating Hotel Group has been formed by real estate entrepreneur business partners, Edward Kaen and Chad Harris to introduce, develop and operate an expansion of the exclusive Pininfarina-designed Keating Hotels in premier venues across the United States and Europe.

 Partnered in an exclusive relationship with Italian design powerhouse, Pininfarina, TKHG plans to development these ultra-serviced, exquisitely-appointed, Limited Edition Keating Hotels.  .

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 |
krmurphy@hfflp.com
www.hfflp.com
http://www.thekeating.com
Posted by Alex at 2:07 PM 0 comments

Carter Hires Kyle Brock As Senior Vice President



Kyle Brock

ATLANTA, GA (Nov. 26, 2012) – Carter, one of the country’s leading real estate investment, development and advisory firms, is pleased to announce the addition of Kyle Brock as senior vice president of development.

In this capacity, Kyle will provide executive oversight and hands-on management for Carter’s equity development group and will lead the execution of development projects.

He has already taken the lead on two of Carter’s student-housing projects: Highland Square, a $40 million, 753-bed student housing community in Oxford, Miss., and a $60 million, multi-family housing development that Carter is working on adjacent to the University of Michigan’s central campus in Ann Arbor, Mich.

Conor McNally
“Kyle has a strong background in real estate debt and equity as well as multi-family development, which makes him a strong asset to our team,” said Conor McNally, Carter’s chief development officer.

 “He has a proven track record of developing multi-family residential projects in cities throughout the Southeast. With several major projects in our pipeline, now is the perfect time for Carter to add experienced professionals as we continue to expand.”

Previously, Kyle was senior vice president of finance at Atlanta-based Novare Group. Throughout his 13-year career, he has been responsible for all facets of development including market selection, capital structuring and procurement, construction management and lease-up and marketing.

For More Information, Contact

Tony Wilbert
Wilbert News Strategies, LLC
404-888-3091
twilbert@wilbertnewsstrategies.com
Posted by Alex at 9:13 AM 0 comments

HC Real Estate Capital Arranges $5,750,000 in Financing for Office Building in Boca Raton, FL

 
2200 Butts Road, Boca Raton, FL
 Boca Raton, FL – Nov. 26, 2012. Kurt Hoffmann and Chris Caveglia of HC Real Estate Capital have arranged $5,750,000 in financing for a Class “A” LEED certified office building located at 2200 Butts Road in Boca Raton, FL.

 The three-story office building was built in 2010 and is comprised of 31,702 SF.  Financing was arranged through a Correspondent Life Insurance Company relationship.  The nonrecourse loan carries a 15-year term and a 25-year amortization schedule at a competitive fixed interest rate, which replaced a maturing facility on the property.

Kurt Hoffmann Principal at HC Real Estate Capital states, “This was a unique opportunity to finance a LEED certified office building.”  Hoffmann went on to say, “ 

The distinctive property includes floor to ceiling Miami-Dade approved impact glass, covered parking with electric plug-in stations and back-up generators providing approximately 80% of the building functions.” 

 HC Real Estate Capital, LLC is a privately owned mortgage-banking firm founded by Kurt Hoffmann and Chris Caveglia.  Based in Delray Beach, Florida, HC Real Estate Capital arranges permanent and bridge commercial and multifamily real estate loans.  The company has a broad capital provider base that includes insurance companies, CMBS lenders, pension fund advisors, and commercial banks.

Contact:

Chris Caveglia
HC Real Estate Capital, LLC
660 Linton Blvd. Ste 200 EX5
Delray Beach, FL 33444
Direct: 561-266-3273
Mobile: 561-376-3176
ccaveglia@hcrecapital.com
www.HCREcapital.com

Posted by Alex at 8:42 AM 0 comments
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