Runway at Playa Vista, CA Takes Flight

Runway Playa Vista Mixed-Use Development, Playa Vista, CA

David Binswanger

PLAYA VISTA, CA, (Feb.10, 2016)—The development team of Lincoln Property Company and Phoenix Property Company, with their capital partner Alcion Ventures, have sold the 14-acre Runway Playa Vista mixed-use development to Invesco Real Estate in one of the largest real estate transactions of the year.

HFFrepresented the development team in both the capitalization and sale of this iconic property.

“This sale caps nearly a decade since Lincoln began its work at Playa Vista, and it’s incredible to see the vision come to life in such a significant way,” said David Binswanger, Senior Executive Vice President of Lincoln Property Company.

 “Playa Vista had been an idea for decades, and the completion of Runway demonstrates that the Playa Vista community concept was smart, visionary and achievable. Lincoln is proud to have played a meaningful role alongside so many other talented companies, real estate professionals, architects, urban planners, community leaders, pioneering residents and government officials that helped bring the Playa Vista concept to life.”

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

Steve Sugerman

(310) 974-6680

steve@sugermangroup.com

Sale of boutique Cambridge, MA hotel closed by HFF

Hotel Tria, Alewife Brook Parkway, Cambridge, MA

Denny Meikleham

BOSTON, MA, Feb. 10, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of The Hotel Tria, a 121-room Best Western Plus Hotel in Cambridge, Massachusetts.

         

HFF marketed the property on behalf of the seller, Boston-based KW Development LLC, who has developed, owned and managed several hotels throughout New England since its inception in 1984.

          

The Hotel Tria was completely redeveloped and expanded in 2009 from a 69-room limited service hotel to a 121-room boutique hotel with brand new furnishings, mechanical systems and public space.

  The four-story hotel features Hotel Tria Bar 220, Starbucks Café, complimentary hot breakfast, complimentary high speed Internet access, complimentary shuttle service, complimentary parking, a business center, fitness room and two meeting rooms totaling 1,014 square feet.

The Hotel Tria is situated on  Alewife Brook Parkway within walking distance of the MBTA Alewife Station, providing access to Harvard Square, Davis Square, Kendall Square and downtown Boston. 

Local demand drivers include Harvard University, MIT and Tufts University, all of which are within three miles of the property.  In addition, the hotel is situated in the West Cambridge office and laboratory submarket providing corporate demand from biotechnology and life science companies, Biogen Idec, Novartis, Pfizer and Sanofi/Genzyme and others such as Raytheon and Forrester Research.

The HFF investment sales team representing the seller was led by managing director Denny Meikleham and director Alan Suzuki.

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

Kristen M. Murphy

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 hires Carrie Kahn as a director to focus on multi-housing investment sales transactions in the Pacific Northwest

                                 

Carrie Kahn

PORTLAND, OR,  Feb. 10, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that Carrie Kahn has joined the firm as a director in its Portland office.  Ms. Kahn will focus on multi-housing investment sales transactions in the Pacific Northwest.

Ms. Kahn has more than 10 years of multi-housing experience and joins HFF from CBRE where she was a first vice president in the investment properties group.  During her tenure at CBRE she was involved in more than $1.5 billion of multi-housing transactions in Portland as well as Chicago, where she began her career. 

Ms. Kahn has also worked at Fifield Companies, a multi-housing and office development and acquisitions firm, and in the real estate banking group of JP Morgan. 

Nicholas Kucha

She is a member of Urban Land Institute and is a licensed real estate broker in Oregon, Washington and Illinois.  Ms. Kahn holds a Bachelor of Science in Finance from the University of Illinois at Urbana-Champaign.   

“Carrie is a tremendous addition to our Pacific Northwest multi-housing team led by Ira Virden,”  said Nicholas Kucha, senior managing director and co-head of HFF’s Portland office.

“Her background encompasses all facets of the multi-housing industry – acquisitions, dispositions, development, asset management and banking – and she has wonderful relationships with many of the prominent players in the Pacific Northwest area.

“2015 was a banner year for our multi-housing team as they were ranked the #1 multi-housing broker in Portland by volume according to Real Capital Analytics and we look forward to seeing what 2016 will bring with the addition of Carrie to the group.”

“The addition of Carrie to our Pacific Northwest multi-housing team will further our ability to continue to grow our footprint into Seattle and other markets in the Northwest,"   added Matthew Lawton, executive managing director and a member of HFF’s Executive Committee.  "It is an unusual opportunity to get a very experienced young producer like Carrie and we are very fortunate to have her join the HFF team.”

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

Kristen M. Murphy

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