RealtyTrac Reports Average Price Gain of $40,658 Highest Since Q3 2007 Despite Annual Home Price Appreciation Slowing to 2 Percent in Third Quarter, Slowest During Recovery

  

Daren Blomquist

IRVINE, CA, Nov. 5, 2015 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its September and Q3 2015 U.S. Home Sales Report, which shows that homeowners who sold during the third quarter realized an average price gain of $40,658 (17 percent) from the purchase price of their property, the highest average price gain for home sellers since the third quarter of 2007.

The report also shows home sellers in the third quarter on average had owned their home for 6.72 years when they sold.

“An increasing number of homeowners in 2015 have been cashing out the home equity they’ve gained during the housing recovery of the past three years,” said Daren Blomquist, vice president at RealtyTrac.

“That may be a good decision because the data points to a plateauing market going forward. Home price appreciation is slowing, a trend that will continue if interest rates rise in the coming months as expected. Meanwhile the threat of rising interest rates combined with lowered premiums for buyers using FHA loans is spurring more demand.”

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

  Jennifer von Pohlmann

  Sr. Data PR Manager

  Office: 949.502.8300 ext 139

  jennifer.vonpohlmann@realtytrac.com

http://www.realtytrac.com/

  http://www.facebook.com/realtytrac

  http://www.twitter.com/realtytrac

 http://www.youtube.com/user/realtytrac

Wyndham Hotel Group's First Property in Auckland Opens Doors

Barry Robinson

AUCKLAND, NEW ZEALAND – Travellers visiting Auckland can now rest comfortably at the city’s much-anticipated new hotel, the four-star Ramada Suites Auckland Federal Street, which is now open as Wyndham Hotel Group’s  first property in New Zealand’s largest urban area.

Barry Robinson, Wyndham Hotel Group’s president and managing director South East Asia and Pacific Rim, said the addition helps address the increasing demand for new, quality-driven accommodation in Auckland’s CBD.

“The Auckland area has long been a gateway to New Zealand and the most visited destination, welcoming more than 70 percent of the country’s visitors,” said Robinson. “The World Tourism Organisation (WTO) predicts visitor arrivals will reach more than 1.5 billion by 2020 and our new Ramada location will deliver to these travelers a contemporary, value-driven lodging experience with the comforts of home in the heart of the city.” 

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

Annie Lyon

PR and Communications

Wyndham Hotel Group South East Asia and Pacific Rim

T: +61 (0) 7 5512 8307

annie.lyon@wyn.com

www.wyndhamAP.com

www.wyndhamrewards.com.

Chatham Lodging Trust Announces Third Quarter 2015 Results

   

PALM BEACH, FL, Nov, 5, 2015 — Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels  and premium-branded, select-service hotels and owns 134 hotels wholly or through joint ventures, today announced results for the third quarter ended September 30, 2015.

 In addition, the company provided initial guidance for the 2015 fourth quarter and updated its 2015 full-year guidance.

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

Patrick Daly

Account Executive

Daly Gray, Inc.

620 Herndon Parkway

Suite 115

Herndon, VA 20170

(703) 435-6293 (office)

patrick@dalygray.com

HFF secures $89 million refinancing for The Apple Building in New York’s Meatpacking District

401 West 14th Street, Meatpacking District, New York, NY

 NEW YORK, NY –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured an $89 million refinancing for 401 West 14th Street, a mixed-use retail and office building anchored by Apple Inc. and located at the intersection of Ninth Avenue and 14th Street at the entry to New York’s Meatpacking District.

HFF worked on behalf of the sponsor, Taconic Investment Partners LLC, to place the 15-year, interest-only, fixed-rate loan with MetLife.  The transaction closed on October 29, 2015.

401 West 14th Street is 100 percent leased and anchored by a flagship Apple Store, which features a three-story, distinctive curved glass internal staircase.  

The four-story building is also home to retailers Hugo Boss and The Kooples as well as offices for Apple and Raptor Capital Management.  Fully redeveloped in 2007, the building features all new systems, windows and a restored historic façade.  

The building’s penthouse contains three terraces and floor-to-ceiling windows that offer views of the Meatpacking District, a 20-block, 24-hour Manhattan destination with upscale offices and trendy restaurants, nightlife, retail, hotels and cultural attractions including the High Line and the new Whitney Museum.  

401 West 14th Street is two blocks from the Chelsea Market and from Google’s East Coast headquarters at 111 Eighth Avenue and sits at the nexus of Chelsea and the West Village.

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.taconicinvestments.com.

HFF closes $75 million sale and secures $51.13 million in financing for 4-property Class A office portfolio in Fort Lauderdale, FL

Sawgrass International Corporate Park, Fort Lauderdale, FL

Hermen Rodriguez

 MIAMI, FL – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and secured financing for a four-property, Class A office portfolio totaling 348,676 square feet in Fort Lauderdale’s Sawgrass International Corporate Park. 

HFF represented seller, F6 Sawgrass, LLC, an affiliated entity of The Brookdale Group.  M-M Properties and a large institutional investor purchased all four assets for $75 million.  

Additionally, HFF assisted the new owner in securing $51.13 million in acquisition financing through J.P. Morgan. 

The portfolio consists of four assets within the Sawgrass International Corporate Park in Fort Lauderdale: Corporate Center I (1551 Sawgrass Corporate Parkway) and III (1601 Sawgrass Corporate Parkway), International Place I (1560 Sawgrass Corporate Parkway) and Sawgrass Plaza (1550 Sawgrass Corporate Parkway). 

This location is close to Interstates 75 and 595, and the Sawgrass Expressway and is just southwest of the Sawgrass Mills Mall, which sees more than 25 million visitors per year, making it the second most visited attraction in Florida after Walt Disney World Resort.

Ike Ojala

 Overall, the buildings, built between 1997 and 2000, are 93 percent leased to tenants including Centene Management, eFunds Corporation, Regus Business Centre, Interim HealthCare and Marsh USA, Inc. 

The HFF investment sales team representing the seller included senior managing director Herman Rodriguez, director Ike Ojala and associate director Jorge Portela.

HFF’s debt placement team representing the buyer/borrower was led by senior managing directors Paul Stasaitis and John Brownlee.

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

HFF represents Nightingale Properties, LLC in the leasehold capitalization of 645 Madison in Manhattan’s Plaza District

Richard Reid

NEW YORK, NY –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has represented Nightingale Properties, LLC (Nightingale) in the capitalization of a leasehold position of 645 Madison, a 22-story, 157,027-square-foot, Class A trophy office and retail tower in Manhattan’s Plaza District.

HFF arranged the capitalization on behalf of Nightingale and Friedland Properties.

645 Madison is located just one block from Central Park on the southeast corner of East 60th and Madison Avenue in the heart of Manhattan’s Plaza District.  Originally constructed in 1971, the property was fully renovated in 2007 and is primarily leased to financial services tenants. 

The property also contains approximately 36,170 square feet of prime retail, which is available for immediate occupancy, enabling ownership to take advantage of one of the most desired retail corridors in the world, with neighbors such as Apple, Barney’s, Bottega Veneta, Brioni, Chanel, Hermes, Montcler and Ralph Lauren.

The HFF team representing Nightingale was led by managing director Rob Rizzi along with senior managing directors Eric Anton, Andrew Scandalios and Richard Reid and director David Fowler.

“We are excited to have arranged this venture between Nightingale and Friedland and are confident they will transform the asset into a best-in-class office and retail property worthy of this famed corridor,” said Rizzi.

“Both parties worked incredibly quickly to get through diligence and consummate a landmark transaction,” added Anton.

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

HFF closes sale of 370 Lexington Avenue in Midtown Manhattan, NY

Eric Anton

NEW YORK, NY –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of 370 Lexington Avenue, a 295,016-square-foot office building with ground floor retail space in the Grand Central submarket of Midtown Manhattan.

HFF marketed the property widely to both domestic and international investors on behalf of the seller, a venture between institutional investors advised by J.P. Morgan Asset Management and Sherwood Equities. 

370 Lexington Avenue is located on the corner of East 41st and Lexington just one block from Grand Central Station.  This Midtown Manhattan location is close to the Park Avenue Corridor, Bryant Park, Midtown South, the United Nations and the First Avenue Medical Corridor.

 Originally built in 1928, 370 Lexington features 27 stories of office and ground floor retail space that is 99 percent leased to a diverse roster of tenants including professional services, TAMI (technology, advertising, media and information technology firms), United Nations, and FIRE users.

The HFF investment sales team representing the seller was led by senior managing directors Andrew Scandalios and Eric Anton and director David Fowler.

“With an influx of foreign buyers widening the buyer pool and increasing competition for Class A assets such as 370 Lexington, it was no surprise that the property ultimately sold at a record breaking price per square foot,” said Scandalios.  “This is the foreign investor’s fifth purchase in Manhattan in a little over two years.”

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.sherwoodequities.com

jpmorgan.com/institutional/global_real_assets

HFF closes sale of retail center in Albuquerque, NM

  

 

Doug Hazelbaker

 DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Plaza Paseo del Norte, a 183,718-square-foot shopping center in Albuquerque, New Mexico. 

HFF arranged the sale of the property on behalf of the seller, Kimco Realty Corp.  Columbus Pacific Properties purchased the asset.

The 96.8-percent-leased Plaza Paseo del Norte is home to Ross Dress for Less, Natural Grocers, Cinemark Movies West, Sears Outlet, Hancock Fabrics, Rue 21 and Dollar Tree in addition to Target and Hobby Lobby, which were not included in the sale. 

Situated on 26 acres at 9227-9331 Coors Boulevard NW, the center is located in the northern part of Albuquerque at the intersection of Corrs Boulevard NW and Paseo del Norte, which has combined traffic counts of more than 120,000 vehicles per day. 

The HFF investment sales team representing the seller was led by senior managing director Doug Hazelbaker and managing director Ryan Shore.

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.columbuspacific.com.

HFF secures $25 million acquisition financing for Hyatt Regency Woodfield hotel in Schaumburg, IL

Hyatt Regency Woodfield, 1800 East Golf Road,  Schaumburg, IL

CHICAGO, IL – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $25 million in acquisition financing for the Hyatt Regency Woodfield, a 468-room, full-service hotel located in the Village of Schaumburg, a northwestern suburb of Chicago, Illinois. 

HFF worked on behalf of the borrower, a partnership between T2 Capital Management, LLC, First Equity Group and Aimbridge Hospitality, LLC, to secure floating-rate financing through MidCap Financial LLC.

 Loan proceeds were used to acquire the property.  Additional private capital will be deployed by ownership for peripheral development of the 15-acre site, including additional freestanding, fine-dining restaurants and a build-to-suit office building with state-of-the art amenities.

Christopher Carroll

The five-story Hyatt Regency Woodfield underwent extensive renovations in 2009.  The  property features the Fresh 1800 Restaurant and Bar, Starbucks Coffee Bar, Hyatt Lounge for Hyatt Gold Passport members, indoor and outdoor pools, 24-hour fitness club and more than 30,000 square feet of meeting space, including an outdoor terrace. 

Located at 1800 East Golf Road in Schaumburg, the Hyatt is directly across the street from the main entrance to Woodfield Mall, the largest shopping center in Illinois and one of the 10 largest enclosed malls in the U.S. 

With more than 2.2 million square feet of restaurant, retail and entertainment space and 27 million annual visitors, Woodfield Mall is one of the top destinations for travelers in the nation.  Just off Interstate 90, the property is situated 14 miles from O’Hare International Airport and 22 miles from downtown Chicago.

The HFF debt placement team representing the borrower was led by managing director Christopher Carroll.

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.1equitygroup.com.

www.aimbridgehospitality.com.

www.t2investments.com.

HFF closes $86 million land sale in Lower Manhattan, NY

  

Andrew Scandalios

NEW YORK, NY – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a 12,600-square-foot, development-ready land site located at 45 Broad Street in Lower Manhattan.

HFF marketed the site on behalf of the seller, LCOR.  A partnership led by Madison Equities with The Pizzarotti Group purchased 45 Broad Street for $86 million. 

The development site is zoned for residential, commercial or mixed-use space and has no height restriction, allowing for panoramic river, harbor, skyline and horizon views. 

The site is located between Exchange Place and Beaver Street in Lower Manhattan, an area of the city that has seen numerous new developments as of late, such as the World Trade Center, South Street Seaport, Brookfield Place and Fulton Center.  In addition, more than one million square feet of luxury retail space is slated to open in Lower Manhattan in the next year. 

The HFF investment sales team was led by senior managing director Andrew Scandalios, managing director Jeff Julien, director KC Patel and senior managing director Jose Cruz.

“Lower Manhattan has seen an unprecedented influx of capital recently, which has led to a residential resurgence in the area and soaring luxury condo demand,” said Scandalios. 

“This neighborhood is an ideal live/work environment with a diverse employer base including firms Goldman Sachs, American Express, Moody’s and Merrill Lynch, complemented by an improved public transit system, world class cultural attractions an abundance of schools, high-end retailers, award-winning restaurants and parks.”

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com