Taylor Johnson Now Represents KZF Development in Illinois

Joel Kogen and Suzann Kogen-Friedman
 (Photo by George LeClaire | Staff Photographer,
Daily Herald, Paddock Publications Inc.)

 CHICAGO,IL, June 25, 2015 – Emily Johnson, president, Taylor Johnson, announced her firm now represents Northbrook, Ill.-based KZF Development and its two current Northbrook developments including Meadow Ridge, a 40-acre gated community comprised of 164 luxury townhomes and duplexes, and recently approved Timber’s Edge, an exclusive community of 21 single-family homes that will break ground later this summer. 

Emily Johnson

Formed in 1987 by Suzann Kogen-Friedman, Joel Kogen, Daniel Zivin and Steve Friedman, KZF is a family-owned firm specializing in semi-custom, custom, and multifamily homes in the North Shore.

The firm is an expert in serving the housing and commercial needs of suburban North Shore residents having completed multiple projects in the Chicago suburb of Northbrook.

For more information on KZF Development, please visit http://www.kzfdev.com/

 or contact Kelly Shumaker at Taylor Johnson at (312) 267-4519 or kshumaker@taylorjohnson.com.

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

Emily Johnson

President

Taylor Johnson

118-Acre Reagan Center Mixed-use Development in Central Florida wins Approvals to Become Seminole County’s Largest Real Estate Development

Paul Partyka

Sanford, FL --- With full support of the Seminole County Commission, the 118-acre site on U.S. 17-92 in Sanford is about to become Seminole County’s largest real estate  development project ever. 

That means big positive changes in store for the 38-year old Flea World site.

Paul P. Partyka, Partner at NAI Realvest in Orlando and broker of record for Reagan Center, said the project, which fronts both U.S. Highway 17-92 and Ronald Reagan Boulevard at County Home Road, recently won approvals from Seminole County that dramatically increase allowable densities and building heights.

Partyka said he is very confident this development will be a great success. 

  “The Reagan Center has the right mix of factors needed to generate a phenomenal development. Within a 5-mile radius are some of Central Florida’s wealthiest communities with strong demographics and great Seminole county schools”.

A change in the property’s zoning to Planned Development (PD) opened the way for increased densities for the Reagan Center that could include a 14-story office building with retail stores and apartments, Partyka explained.

Located directly opposite Seminole County Government Operations Center, the Courthouse  and Seminole State College, Partyka said Reagan Center will ignite a 20-year effort by Sanford, Lake Mary, Winter Springs, Longwood and Casselberry to create a sustainable economic development corridor along U.S. 17-92.

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

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

Narsi Properties Acquires 96-Suite Homewood Suites by Hilton Durham-Chapel Hill/I-40

Homewood Suites by Hilton Durham-Chapel Hill/I-40

                DURHAM, NC and CHAPEL HILL, NC, June 25, 2015 — Narsi Properties, an established hotel owner/developer/operator based in North Carolina, today announced the acquisition of the 96-suite Homewood Suites by Hilton Durham-Chapel Hill/I-40 for an undisclosed sum. 

Deven Patel

The hotel is in the midst of a major renovation to upgrade to the brand’s multi-faceted enhancement program, Take Flight.

                 “We have an aggressive appetite for new hotel acquisition and development opportunities throughout the Southeast and continue to seek out deals like this that meet our criteria,” said Deven Patel, Narsi’s director of development. 

The renovation includes changes to the existing Homewood Suites prototypes by emphasizing three core areas, the "connect zone," the “dining zone,” and the “lounge zone," all re-designed to provide guests with comfortable, engaging spaces to relax, work, dine and interact. 

Suite upgrades include upholstered headboards, back-lit vanity mirrors, accent walls, ottomans with wrap-over tables and updated pendant lighting in the kitchen.  In addition to revitalizing existing spaces, the hotel will introduce two new features, an outdoor kitchen and lounge. 

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

Chris Daly, media

(703) 435-6293

chris@dalygray.com

Sale of 101-unit South Austin apartment community closed by HFF in Austin, TX

Terrain, South Austin, TX

Matt Pohl

AUSTIN, TX, June 25, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Terrain, a 101-unit apartment community in the South Austin submarket of Austin, Texas.

HFF marketed the asset on behalf of FBZ Williamson Creek.  A private buyer located in Northern California purchased the property for an undisclosed amount. 

Terrain is situated along Williamson Creek at 5112 South 1st Street near the intersection of West Stassney Lane, approximately four miles southwest of downtown Austin. 

Renovated in 2013, the 95-percent-leased asset also provides nearby access to St. Edward’s University and South Austin’s recreational/entertainment amenities, as well as major thoroughfares such as Interstate 35, Highway 71 and Mopac Expressway (Loop 1).

 The property has one- and two-bedroom units ranging from 504 to 850 square feet and amenities such as a resort-style swimming pool, fitness center, dog runs and lounge areas.

The HFF investment sales team representing the seller was led by director Matt Pohl along with senior managing director Sean Sorrell and senior real estate analyst Ryan McBride.

“Terrain is one of the more impressive renovations I have seen rolled out for 1980’s product in Austin. The interior and exterior upgrades implemented at the property in addition to being situated along Williamson Creek provided for a really unique offering to the market,” said Pohl.

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

Olivia Hennessey

Public Relations Coordinator

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

tel 713.852.3403 

HFF secures $18.247 million financing for development of 110-unit condominium project in Phoenix, AZ

Rendering of planned Edison Midtown Condominiums,
Midtown Neighborhood, Phoenix, AZ

 SAN DIEGO, CA –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $18.247 million in non-recourse construction financing for the development of Edison Midtown, a $30.5 million, 110-unit for-sale condominium project in Phoenix’s Midtown neighborhood.

Bryan Clark

HFF worked on behalf of the developer, Deco Communities (Deco), to place the 60-percent loan-to-cost, non-recourse, three-year construction loan with a commercial bank.  

HFF also sourced joint venture equity capital for the project from an alternative investment manager ($5 billion AUM) in late 2014.

HFF’s debt and equity placement team was led by director Bryan Clark.

Due for completion in late 2016, Edison Midtown will be situated on 1.3 acres at the intersection of North Central Avenue and East Monterey Way.

 The transit-oriented project provides immediate access to light rail and is located midway between downtown Phoenix and the Camelback Corridor, two of the largest employment centers in the state. 

Designed by Harley Ellis Devereaux, the modern seven-story condominium building will have five stories of one- and two-bedroom residential units situated above a two-level parking garage.  Property amenities will include a 2,000-square-foot fitness center, swimming pool and spa. 

Edison Midtown represents the third transaction that HFF has completed for Deco in less than 24-months. 

HFF also arranged non-recourse construction financing and joint venture equity for Deco’s $38 million Envy development, an 89-unit, for-sale luxury mid-rise condominium project located in downtown Scottsdale that is currently under construction, as well as joint venture equity for Deco’s Inspire on Earll condominium development, located just south of Old Town Scottsdale, which is soon to start construction.

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

Olivia Hennessey

Public Relations Coordinator

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

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

www.decocommunities.com

HFF closes $14.225 million sale of mixed-use building in Brooklyn, NY

2217 Caton Avenue, Prospect-Lefferts Gardens Neighborhood, Brooklyn, NY

Rob Rizzi

 NEW YORK, NY – June 23, 2015 – HFF announced today that it has closed the $14.225 million sale of 2217 Caton Avenue, a 24,214-square-foot mixed-use building in Brooklyn’s Prospect-Lefferts Gardens neighborhood.

HFF marketed the asset on behalf of the seller, Second City Real Estate.  Caton Acquisition Partners, LLC purchased the asset free and clear of existing debt.  HFF previously assisted the seller in securing financing for the property in January 2014.

2217 Caton Avenue is located at the intersection of Caton and Bedford Avenues, approximately four blocks from the Church Avenue subway station.

 Built as condominiums in 2010, the nine-story property has 29 two-bedroom residential rental units that are 97 percent leased and 2,698 square feet of ground floor retail space, which is fully occupied by a local daycare center.  

The property is near Prospect Park and benefits from a 421-a and ICIP tax abatement. 

The HFF investment sales team was led by managing directors Rob Rizzi and Jeff Julien, associate director Rob Hinckley and real estate analyst Steven Rutman.“Second City Real Estate executed an exceptional repositioning strategy, getting into a prime Brooklyn neighborhood early in the cycle, substantially improving the asset’s operations and creating impressive increases in profitability and ultimately value,” said Rizzi.

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

Olivia Hennessey

Public Relations Coordinator

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

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

Lifescapes International Named Landscape Architect for The Block, a $250 Million, 720,000-SF Mixed-Use Development in San Diego, CA

Julie Brinkerhoff

Diego, CA (June 25, 2015) - Lifescapes International, the landscape architectural firm behind iconic landscape designs such as the Fillmore in San Francisco, 8500 and The Grove in Los Angeles, and the recently reinvigorated design at the Hilton San Diego Bayfront in downtown San Diego, has been selected by developer Zephyr Partners as the landscape architect for The Block, a new 720,000 square-foot mixed-use, high-rise residential development in the heart of downtown San Diego.

“The Block is unlike any other residential development in the Southern California region,” says Julie Brinkerhoff, President of Lifescapes International. 

“This project goes above and beyond amenity space, incorporating large open and community environments that will drive the owner’s target renter - the Millennial executive.”

Rendering of The Block,
planned for Downtown San Diego, CA

The Block is situated on a 60,000 square-foot site, and is planned to feature both a 41-floor and a 21-floor tower. Lifescapes International will design an expansive amenity deck, resort style pool, and transitional gardens, as well as the ground floor streetscape for the project.

“A project of this magnitude calls for truly out-of-the-box thinking that will result in the ultimate resident experience, which is something our firm has proven experience in creating,” says Brinkerhoff.

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

Lexi Astfalk or Jenn Quader

Brower, Miller & Cole

(949) 955-7940

Lastfalk@browermillercole.com

Crossman & Company brokers $11.5 million sale of Belle Isle Commons in Orlando, FL

 

Scott Crossman

Orlando, FL– Daryl E. Carter and Scott E. Crossman recently sold Belle Isle Commons shopping center in Orlando, Fla. to a private investor. Managing Director of Investment Sales, Mark Thompson with Crossman & Company represented the seller in the $11.5 million transaction.

The 82,093-square-foot center is located at 5126 S. Conway Road, near the Orlando International Airport. It is anchored by Planet Fitness and was 98 percent occupied at the time of the sale.

“Belle Isle Commons represented an opportunity for this investor to capture a very well-maintained and managed neighborhood center positioned between two major market drivers in both Downtown Orlando and the Orlando International Airport. said Crossman & Company Managing Director, Mark Thompson.

“As downtown continues to push South along Orange Avenue and the airport continues to drive new development North along Semoran Boulevard, Belle Isle Commons is uniquely positioned in one of the few locations within the city that will allow an asset to benefit from both major economic drivers,”

Financing was provided through HC Real Estate Capital, LLC in Delray Beach, Fla.

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

 Sydnie Cobb

 Crossman & Company

 scobb@crossmanco.com

 407.581.6261