CBRE Lists DiscoveryTech Center II for Sale in East Orlando, FL

DiscoveryTech Center II, East Orlando, FL

Edward 'Chip' Wooten

ORLANDO, FL -- CBRE, as exclusive advisor, is pleased to offer for sale DiscoveryTech Center II; Class A, LEED® Gold Certified office building comprising 62,500 square feet ideally located at 2710 Discovery Drive in the East Orlando office submarket of Florida.

The Property is part of the the Central Florida Research Park (CFRP), adjacent to the University of Central Florida. CFRP is a 1,027-acre, master-planned, award-winning park that has one of the largest clusters of modeling, simulation and training companies in the world.

  

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

Ronald J. Rogg, CCIM

Executive Vice President

+1 407 839 3194

ron.rogg@cbre.com

 Edward "Chip" Wooten

Associate

+1 407 839 3195

chip.wooten@cbre.com

HFF closes sale of and secures financing for 29-unit multi-housing property in Los Angeles’ Echo Park

Heights at Echo Park Apartments, Echo Park Neighborhood, Los Angeles, CA

 

Blake Rogers

LOS ANGELES, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and secured financing for Heights at Echo Park, a 29-unit, Art Deco-style multi-housing property in Los Angeles’ Echo Park neighborhood.

HFF marketed the property on behalf of the seller, a private investor.  The asset was purchased for $6.85 million free and clear of existing debt by Engine Real Estate, LLC.  In addition, HFF arranged $4.345 million in acquisition financing on behalf of the buyer through a local bank. 

In the past 90 days, HFF has closed four middle-market multi-housing properties in the Los Angeles area, including Hollywood Tower in Hollywood; Villa Toscana in Canoga Park; and Majestic Prairie in Northridge.

Originally completed in 1928, Heights at Echo Park is located just north of iconic Sunset Boulevard near Echo Park Lake, Dodger Stadium, Interstate 5 and Highway 101 in central Los Angeles.  The historic, four-story property consists of a mix of studio and one-bedroom units totaling approximately 20,889 square feet.  Property features include a classic Art Deco lobby, spacious floor plans with exposed brick walls, laundry facilities and outdoor community space.

The HFF investment sales team representing the seller was led by director Blake Rogers.

HFF’s debt placement team was led by director Marc Schillinger.

  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

HFF arranges acquisition financing for 58-unit multi-housing community in suburban Denver, CO

Leon McBroom

DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged acquisition financing for Village West, a 58-unit multi-housing community in Arvada, Colorado.

HFF worked on behalf of the borrower, 29th Street Capital, to place the seven-year, floating-rate loan with Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program.  

The securitized loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.

Village West is located off West 58th Avenue between Kipling and Ward Road near a multitude of retail, entertainment and recreational amenities.  

The property, which is approximately 12.5 miles northwest of downtown Denver, has one- and two-bedroom units averaging 933 square feet each.

All units feature large balconies with views of the nearby foothills.  Community amenities include a heated indoor pool, barbecue/picnic area and laundry facilities.

The HFF debt placement team representing the borrower was led by associate director Leon McBroom.

  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

BKM Capital Partners Acquires 225,435-SF Industrial Business park in Phoenix, AZ

  

Koll Cotton Center, Phoenix, AZ

Brian Malliet

             PHOENIX, AZ – BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant industrial investments, has acquired the Koll Cotton Center, a seven-building, 225,435 square-foot industrial business park in Phoenix for $26 million.

            “The Cotton Center is an institutional quality asset that presents a dynamic value proposition,” says Brian Malliet, CEO and Co-Founder of BKM Capital Partners.  “By acquiring this property well below replacement cost, there is a tremendous opportunity to reposition the asset through our firm’s proven capital and leasing strategy.”

            This is the sixth asset that bkm Capital Partners has acquired to be included in its $200+ million commingled fund which targets final close in Q4 2015.  The firm intends to acquire approximately $450 million of multi-tenant industrial assets by the end of 2016.

Jones Lang LaSalle represented Clarion as the seller in the transaction.

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

Jenn Quader

Brower, Miller & Cole

(949) 955-7940

jquader@browermillercole.com

www.bkmcapitalpartners.com.

  

JLL Names Lucille Heil Vice President of Operations in Atlanta, GA

Lucille Heil

ATLANTA, GA – JLL announced that Lucille Heil has joined its Atlanta office as vice president of operations.  

Heil will be responsible for all aspects of operations and executing strategic planning.  Additionally, Lucille will oversee culture building, community outreach and internal communications.

Previously, Heil was JLL’s vice president of operations in the Carolinas market, where she managed overall strategic initiatives, lead the support team and participated in recruitment and retention of talent. 

She was also a member of the leadership team, and was accountable for budget planning and goal setting with a deep focus on productivity, culture, technology and quality control.

“Our team is thrilled to have Lucille join us, as she will be a great asset to the Atlanta office,” said Mike Sivewright, JLL’s Market Director for the Atlanta region. 

“We are confident that she will build on her past successes in the Carolinas and help us remain a leader in the Atlanta area.”

Prior to her role in the Carolina’s, Heil served the Corporate Solutions business for JLL in a HR partner capacity, supporting several client accounts such as AT&T and Duke Energy.  

Michael Sivewright

Additionally, she partnered with the firm’s leadership on the Keystone Partners acquisition within the Carolinas market in 2010-2011, and was promoted to vice president of HR for her successful leadership and execution of the acquisition and integration. 

She also was a principal and regional vice president of administrative services for The Staubach Company’s Carolinas/Florida/Tennessee Region.

Heil received her Bachelor’s degree from Maryville College, and received the Senior Professional of Human Resources Certification in 2008. 

She was recognized as a Top 25 Women in Business by Charlotte Business Journal in 2013, received the JLL Spotlight Beacon Award for the Carolinas Market for excellence in people management and was awarded the Leadership Award for the Carolinas Market in 2014.

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

Kathryn Farmer

(678) 642-4301

kfarmer@thewilbertgroup.com

www.jll.com.

HC Real Estate Capital Recently Arranges Over $107 Million in Financings

Kurt Hoffmann

Delray Beach, FL –October 12, 2015 Kurt Hoffmann and Chris Caveglia of HC Real Estate Capital have recently arranged over $107,000,000 in commercial mortgage transactions for various properties throughout Florida.

The pair recently arranged the following loans:

•  $40,000,000 in permanent Life Company financing for a 650 multi-family unit property located in Palm Beach County, FL.
• $17,700,000 in permanent financing for a 303 unit multi-family property located in Jupiter, Florida.
• $11,700,000 in permanent financing for the 280- unit multi-family property located in Coral Springs, FL.
• $9,750,000 in permanent financing for the 106,000 SF office property located in Boca Raton, Florida.
• $8,710,000 in permanent financing for a 146,764 SF retail property located in Orlando, Florida.
• $8,625,000 in permanent financing for an 82,000 SF retail property in Orlando, Florida.
• $4,220,000 in acquisition financing for a 56-unit multi-family located in Miami Beach, Florida.
• $3,750,000 in acquisition financing for a 21,599 SF retail property located in Orlando, Florida.
• $2,800,000 in acquisition financing for a single tenant Walgreen’s located in Daytona Beach, Florida.

Chris Caveglia

The Principals of the firm stated, “HC Real Estate Capital has been active in covering the market for their borrowers with Life Insurance Companies, Commercial Banks and CMBS lenders.

“The recent loan closings have accomplished the borrower’s goals of acquisition financing, construction financing and ordinary refinancing of existing debt at extremely attractive rates and terms.”

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 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.

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

Falls at Spring Creek Apartments Sale in Macon, GA Handled by Multi Housing Advisors

Robert Stickel

ATLANTA, GA  — Multi Housing Advisors (MHA) has arranged the sale of Falls at Spring Creek, a 296-unit apartment community located in Macon, Georgia.

Robert Stickel, who leads MHA’s central to coastal Georgia deal team, represented the seller, Merion Realty Partners in the transaction. Kole Management Co. purchased the property.

“Falls at Spring Creek is an exceptionally located asset providing residents convenient access to premier retail as well as several job centers,” Stickel said.

 “This unique two-phase property presents new ownership with the ability to make strategic improvements and increase property performance, including upgrading units to proven market premiums through a focused value-add renovation program.”

Located on Wesleyan Drive in north Macon, Falls at Spring Creek is directly across the street from The Shoppes at River Crossing, Macon’s premier retail center (750,000 SF). 

The property has an excellent amenity package highlighted by two resort-style swimming pools, a tennis court, two fitness facilities, two volleyball courts, two laundry facilities, and a recently renovated clubhouse.

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

Deborah Rogers

Multi Housing Advisors

404.645.7275

drogers@usmha.com

Multi Housing Advisors Brokers $11.2 Million Sale of Columbia, SC CApartment Community

  

Marc Robinson

CHARLOTTE (Oct. 13, 2015) — Multi Housing Advisors (MHA) has arranged the $11.2 million sale of the 200-unit Country Walk, located in Columbia, South Carolina.

Marc Robinson, Jordan McCarley and Watson Bryant of MHA’s Charlotte office represented the seller, QR Capital, in the transaction. EB Real Estate Group, LLC (Eli Neuburg and Benny Tenenbaum) purchased the property.

“Columbia is supported by a diversified economy benefiting from a stable mix of government, military, education and healthcare jobs which have yielded improving market fundamentals,” McCarley said. 

“This well-maintained property provides the buyer a stable, cash flowing asset with innate value-add potential allowing for future rent growth.”  

Country Walk, built in 1972, has been recently renovated and is located in the Harbison area of Columbia.

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

Deborah Rogers

Multi Housing Advisors

404.645.7275

drogers@usmha.com

UCF Business Incubation Program Progress Updated

Carol Ann Dykes

ORLANDO, FL  --   UCF Business Incubation Program Director Gordon Hogan and Site Mgr Carol Ann Dykes recently explained progress of the ongoing $5 million remodeling construction at the Research Park Incubator to advisory Board Members Trevor Brewer and Kim King, along with program staff members Jim Bowie and Blanca Mota.  

The project is scheduled for completion in February. 

A finished hallway at the UCF Business Incubator at Central Florida Research Park where the 13-month, $5 Million renovation of 50,000 square feet of space is undergoing a major upgrade will be completed in February.

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.

Berkadia negotiates investment sale of 88 Unit Apartment community north of Birmingham, AL

  

Paavillion Apartments, 401 College Drive Northeast, Hanceville, AL

Josh Jacobs

Birmingham, AL and Hanceville, AL – Berkadia, one of the nation’s largest and most active multifamily investment sales companies, recently negotiated the sale of Pavillion Apartments, an 88-unit apartment community at 401 College Drive, N.E. in Hanceville, 45 minutes north of Birmingham.

Josh Jacobs, investment sales associate at Berkadia along with David Oakley, managing director, negotiated the transaction representing the California-based seller Cypress Axiomm Capital.

Jacobs said the apartments, built in 1996, sit one block from Wallace State Community College, which has been a staple of the community for five decades and recently underwent renovations and expansion.

The Thrash Group, based in Mississippi, purchased the property for an undisclosed price.  

Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties.

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.