Keith Bauer Joins Marcus & Millichap Capital Corp. as Director in Washington, DC

  

Keith Bauer

 WASHINGTON, DC– Marcus & Millichap Capital Corporation (MMCC) has hired Keith Bauer as a director in the firm’s Washington, D.C. office, according to William E. Hughes, senior vice president and managing director of MMCC.

            In his new position, Bauer will work with the firm’s industry-leading National Hospitality Group (NHG) in arranging debt and equity financing for hotels and golf resorts. He has extensive experience in all aspects of loan origination including income analysis, credit analysis, debt structuring, pricing strategy, transaction negotiation and closing and due diligence review.

William Hughes

            “Keith brings more than 15 years of experience to MMCC,” says Hughes. “His proven ability to develop new business will be a valued asset, and his deep familiarity with mortgage banking, particularly in the hospitality industry where he has originated more than $450 million in loans, will raise MMCC’s D.C. and Maryland client service to an even higher level.”

            Bauer joins MMCC with a broad background of executive experience in commercial real estate finance. Notably, he spent more than nine years in the hospitality industry division of Capmark Finance—formerly GMAC Commercial Mortgage—where he participated in more than $1.5 billion in closed loans. 

Gregory LaBerge

During his tenure at Capmark, Bauer analyzed in excess of $4 billion in hospitality transactions throughout the United States, ranging from acquisition and/or light renovation funding to ground-up development loans.

            “Our goal is to provide our clients with the most robust and comprehensive service offering in the industry,” adds Greg LaBerge, National Director of Marcus & Millichap’s National Hospitality Group. “Adding Keith to the team underscores that commitment.” 

            Bauer graduated from the University of Baltimore with a Bachelor of Science in business administration with concentrations in finance and management and a Master of Business Administration with a specialization in innovation, technology and operations.

Press Contact:

Marcus & Millichap Capital Corp.

(925) 953-1716

FedEx Distribution Facility Sale in South Windsor, CT Brings $32.2 Million

  

FedEx Distribution Facility, South Windsor, CT

 SOUTH WINDSOR, CT – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of a 224,061-square foot FedEx distribution facility in South Windsor, Conn. The $32,200,000 sales price equates to $144 per square foot.

Laurie Ann Drinkwater

            Laurie Ann “L.A.” Drinkwater, CCIM, an associate vice president investments in Marcus & Millichap’s New Haven office, and Seth Richard, a director of the firm’s National Retail Group in Manhattan, represented the buyer, a regional private investor.

Seth Richard

            “The property is located 10 miles from downtown Hartford near interstates 91 and 84,” says Drinkwater.  “This location is ideal for FedEx operations and bodes well for long-term tenancy.”

           “FedEx made a capital investment in the material handling systems in the facility in excess of $20 million,” adds Richard. “The improvements, coupled with attractive increases in the rental stream, contributed to making this an excellent investment for our client.”

The facility was built in 2012 on 60.8 acres at 456 Sullivan Ave. in South Windsor. The double-net lease expires in 2027.

Contact:

J.D. Parker,

Regional Manager

New Haven, CT

(203) 672-3300

Richard Kovalcheck Joins Marcus & Millichap Capital Corp. as an Associate Director in San Diego, CA

Richard Kovalcheck

 SAN DIEGO, CA – Marcus & Millichap Capital Corporation (MMCC) has named Richard Kovalcheck as an associate director in the firm’s San Diego office, according to William E. Hughes, senior vice president and managing director of MMCC.

            In his new position, Kovalcheck will be responsible for sourcing, underwriting, and obtaining financing for all asset classes of commercial real estate nationwide.

“Richard has a solid background in commercial real estate finance and strategy,” says Hughes. “His experience, particularly with SBA programs, will be of great value to our clients in San Diego, throughout California and beyond.”

William Hughes

Prior to joining MMCC, Kovalcheck worked with Plaza Bank in San Diego, where he focused on sourcing and financing owner-user commercial real estate.

 He was also an acquisition analyst with Sovereign Capital Management in San Diego, focusing on properties to be placed in single-tenant asset 1031 exchanges, and value-add investor funds. He also served as a loan originator with The Mortgage Group Inc. in Nashville, Tenn.

Kovalcheck earned a Bachelor of Science degree in business administration from the University of Arizona. He received his MBA in finance and strategy from Vanderbilt University’s Owen Graduate School of Business.

    Contact:

Marcus & Millichap Capital Corp.

(925) 953-1716       

HFF secures $50 million in refinancing for three Central Florida office properties

Michael Weinberg

 ORLANDO, FL –HFF announced it has secured $50 million in refinancing for three office properties totaling more than 780,000 square feet in Central Florida.  These properties include Quorum Center and Oakridge Office Park in Orlando and 850 Trafalgar in Maitland.

HFF worked exclusively on behalf of the borrower, a joint venture between The Praedium Group and Tower Realty Partners, Inc., to secure the loans in two separate transactions. 

Elliott Throne

The10-year, fixed-rate loans for Quorum Center and 850 Trafalgar were placed with UBS Real Estate Finance Group.  The 10-year, fixed-rate loan for Oakridge Office Park was placed with Morgan Stanley.  All three non-recourse, securitized loans were priced in the mid four percent range.

The HFF team representing the borrower was led by Michael Weinberg, a director in HFF’s Orlando office, along with directors Elliott Throne and Chris Drew and senior real estate analyst Jorge Portela from HFF’s Miami office.

Chris Drew

The Praedium Group is a privately-held real estate investment firm focusing on under-performing and under-valued assets throughout the United States.

The Praedium Group was formed in 1991 and since inception has completed more than 350 transactions representing $9.1 billion of capital, including 72,000 multifamily units and 42 million square feet of commercial space.

 During the past 21 years, The Praedium Group has sponsored a series of seven private equity funds as well as several separate investment vehicles.

Cliff Stein

The commingled funds and separate accounts sponsored by The Praedium Group have attracted investors that include public and corporate pension funds, financial institutions, insurance companies, foundations and endowments.  For more information, please visit www.praediumgroup.com.

                Tower Realty Partners is an Orlando-based commercial real estate owner focusing on value-added opportunities throughout Florida.  Tower was formed in 1987 by Cliff Stein and Reid Berman. 

Reid Berman

Since its inception, Tower has acquired more than $1 billion of office properties.  Currently, Tower’s assets consist of more than 3.5 million square feet of office property throughout Florida.  www.towerrealtypartners.com.

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 West Coast Leadership Announcements

Daniel M. Cashdan

 LOS ANGELES, CA – HFF experienced significant growth on the West Coast in 2012 and in response to this growth the firm has made changes to its West Coast leadership team. 

Dan Cashdan, a senior managing director in HFF’s Los Angeles office, has assumed the role of co-head of HFF’s Global Capital Initiative with a specific focus on Asian capital markets.  He will continue to co-lead the firm’s equity placement and HFF Securities business lines with senior managing director Doug Bond.

Kevin MacKenzie

Senior managing director Kevin MacKenzie assumed the role of co-office head alongside senior managing director Paul Brindley in HFF’s Los Angeles office.  Together they will oversee the debt, equity placement and investment sales platforms in the Los Angeles office.  MacKenzie will continue his role as office head of the debt and equity placement team in Orange County.

Michael Leggett will act as co-office head of HFF’s Portland office, focused on the investment sales platform.  Leggett will continue his role as office head of investment sales in San Francisco. MacKenzie will also step into a leadership position in the Portland and Seattle markets, as co-head of the Portland office, managing its debt placement team. 

Michael Leggett

“The changes in our leadership on the West Coast is in keeping with our corporate mission, which is to identify leaders of our business, and to put them in positions which appropriately match their skills, aligning interests to significantly grow our presence in a given market and/or business line,” said Mark Gibson, executive managing director and member of HFF’s four-person leadership team. 

In 2012, HFF’s West Coast offices closed approximately $6.5 billion in transactions across all platforms and property types, a more than 45 percent increase over 2011. 

Mark Gibson

HFF’s West Coast offices debt and equity placement volume grew approximately 30 percent over 2011 to $4.35 billion, and investment sales volume grew nearly 115 percent to $2.1 billion.

 Gibson added, “The year over year performance is a significant accomplishment for the teams involved and a testament to the success of HFF in growing its West Coast practice.”

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 Chicago hires John (Jack) A. Dudick as director in its healthcare practice group

John A. Dudick

CHICAGO, IL – HFF announced that John (Jack) A. Dudick has joined the firm as a director in its Chicago office.  Mr. Dudick will be a member of HFF’s national healthcare practice and will focus on healthcare capital markets and investment sale transactions throughout the United States.

                Mr. Dudick has more than 15 years of industry experience and joins HFF from Lillibridge Healthcare Services, Inc. where he most recently served as senior vice president of acquisitions and investments.

Matthew Lawton

He began working with Lillibridge in 1999 and since that time has facilitated more than $1 billion of healthcare real estate acquisitions, developments, joint ventures and M&A transactions. 

Prior to Lillibridge, Mr. Dudick was a senior consultant at Arthur Anderson.  He is a member of the Urban Land Institute’s Healthcare and Life Science Council and holds a bachelor’s degree from the University of Notre Dame.

“Jack will be an instrumental member of HFF’s national healthcare practice as he has more than 15 years of experience working for a national healthcare REIT.  He has deep relationships with clients in the healthcare industry and will be an invaluable resource for HFF’s growing national health care practice group,” said Matthew Lawton, executive managing director and co-head of HFF’s Chicago office.

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