HFF closes sale of Sheraton North Houston at George Bush Intercontinental hotel in Houston, TX

Sheraton North Houston at George Bush Intercontinental Hotel, North Houston, TX

Dan Peek

DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has successfully represented the seller in the sale of Sheraton North Houston at George Bush Intercontinental, a 419-room, full-service hotel in north Houston, Texas.  

Sheraton North Houston at George Bush Intercontinental (Sheraton North Houston) opened in 1983.  Since purchasing the property in 2012, the seller invested more than $15 million between 2013 and 2015 to renovate, modernize and upgrade the hotel. 

The 10-story Sheraton North Houston features 27,676 square feet of function space, a fitness center, outdoor pool, Link @ Sheraton lobby workstation, Sheraton Club Lounge and the full-service Drifters Bistro and Lounge restaurant and bar.

 Located at 15700 John F. Kennedy Boulevard, Sheraton North Houston is less than three miles from George Bush Intercontinental Airport, the fourth largest airport system in the U.S. and the sixth largest in the world.

 Additionally, the hotel is 6.5 miles from the 971-acre Pinto Business Park, 10 miles from the 400-acre Generation Park master-planned commercial development and 17 miles from downtown Houston.

The HFF investment sales team representing the seller was led by senior managing director and head of HFF’s hotel group Dan Peek and managing directors John Bourret and Colby Mueck.

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 secures $83.2 million financing for super regional mall near Los Angeles

South Bay Pavilion, Carson, CA

NEWPORT BEACH, CA  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $83.2 million in first lien financing for South Bay Pavilion, a 1.2 million-square-foot super regional mall in the Los Angeles-area community of Carson, California.

HFF worked on behalf of the borrower, Vintage Real Estate, to secure the three-year, floating-rate loan through PCCP.  The loan is being used to continue the borrower’s redevelopment, repositioning and expansion plan for the mall.

James Fowler

The 95-percent-leased South Bay Pavilion is home to more than 60 tenants, including a new state-of-the-art, 14-screen Cinemark Theatre; Ikea; Old Navy; Olive Garden; Buffalo Wild Wings; Big 5 Sporting Goods; Panera Bread; 24 Hour Fitness; Chili's Grill & Bar and The Children’s Place along with shadow tenants Sears, JCPenney and Target. 

The current expansion plan includes adding several new fashion and restaurant tenants.  Located at 20700 Avalon Boulevard midway between Los Angeles and Orange County, South Bay Pavilion is at the intersection of four major freeways, Interstates 405, 110 and 710 and State Road 91, with direct visibility from more than 300,000 vehicles per day.

 The location serves more than 2.5 million people and receives foot traffic from nearby StubHub Center and the California State University Dominguez Hills campus. 

The HFF debt placement team representing the borrower was led by managing director James Fowler.

”Vintage Real Estate has done an excellent job renovating South Bay Pavilion over the past few years, bringing a number of new tenants to the center, including Cinemark Theatre and several new restaurants and other specialty retailers,” Fowler said.  “Vintage Real Estate continues to further renovate and expand the mall.  It is quite an exciting project.”

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

www.vintage-vre.com.

 www.pccpllc.com.

Winners Announced for NAIOP South Florida’s 2016 Awards of Excellence

Caroline Fleischer of Cushman & Wakefield (left) and  Lauren Pace 

of Sunbeam Properties & Development

FORT LAUDERDALE, FL (March 3, 2016) – NAIOP South Florida, a Commercial Real Estate Development Organization, recognized the winners of its 2016 Awards of Excellence last week at the Hyatt Regency Pier Sixty-Six.

The Awards of Excellence recognize individuals and organizations whose achievements have contributed to the local commercial real estate industry, benefitted the regional business environment and facilitated economic growth.

“One of the echoing themes of last week’s Awards of Excellence was community. Through our organization, long-lasting connections are forged and result in deals and developments that have undoubtedly benefitted South Florida’s overall economic environment,” said NAIOP South Florida Executive Director Jules Morgan. “The excitement of recurring winners and new players now seated at the winners’ table was palpable.”

Jules Morgan

• 
  Winner of Industrial Lease Transaction of the Year is Liberty Property Trust for the Miami International Tradeport, BTS for Ansaldo Breda, Inc/Hitachi Rail USA transation.
•  
• The Industrial Sale of the Year winner is CBRE for the Centergate at Gratigny transaction.
•  
• The Industrial Broker of the Year is George Pino of State Street Realty.
•   
• Winner of Office Lease Transaction of the Year is Plantation Pointe / Magic Leap facilitated by Cushman & Wakefield and Torburn Partners.
•  
• The Office Sale of the Year is Phillips Point represented by HFF.
•  
• The Office Broker of the Year for Investment Sales is Douglas Mandel of Marcus & Millichap.
•  
• The Office Broker of the Year for Leasing is Norm Adams of Stiles Corporation.
•  
• The Investment Sales Team Broker of the Year is CBRE South Florida’s Capital Markets Team featuring Apone, Avalos, Carranza-Alvarez, Chick, Chilgren, Foschini, Julian, Lee, Lobon and Minaya.
•  

Lauren Gallart

• The Office Team Broker of the Year is Cushman & Wakefield’s team of Blunk, Glaria and Oswald.
•  
• The Industrial Team Broker of the Year is Cushman & Wakefield’s team of Etner, McAllister, Metzger and Thomson.
•  
• The Rookie Broker of the Year is Lauren Gallart of JLL.
•  

From left: Christopher Metzger of Cushman & Wakefield, Scott Lunsford
 and Broker’s Choice Award winner Darcie Lunsford of Butters Realty & Management

• 
  The Renovation / Rehab Project of the Year is University Place at City Center represented by Butters Realty and Management and Bristol Group.
•  
• The Creative Deal Maker of the Year is Rodrigo Azpurua of Riviera Point Development Group for the Professional Center at Riviera Point.
•  
• The Economic Impact of the Year is Plantation Pointe / Magic Leap represented by Cushman & Wakefield and Torburn Partners.
•  
• The Project of the Year is the Miramar Park of Commerce represented by Sunbeam Properties.
•  
• The Developer of the Year is Butters Construction & Development.
•  
• The winner of the Broker’s Choice Award is Darcie Lunsford of Butters Realty & Management.
•  
• The Developing Leader of the Year is Alex Gulick of Procacci Development Corporation.
•  
• The Member of the Year is Michael Silver of CBRE.

From left: Stiles Corporation Chairman and CEO Terry Stiles;
 2016 Lifetime Achievement Award recipient Douglas Eagon of Stiles Corporation
and  NAIOP President and CEO Tom Bisacquino 

NAIOP President and CEO Tom Bisacquino and Terry Stiles, chairman and CEO of Stiles Corporation and past winner of NAIOP’s Lifetime Achievement Award, presented the 2016 Lifetime Achievement Award to Douglas Eagon, president of Stiles Corporation.

 “Doug was heartfelt in delivering an amazing summation of his experiences with NAIOP and his contributions to our community. We are proud to have him as a dedicated member of NAIOP,” said Morgan.

NAIOP is a commercial real estate development organization. It provides strong advocacy, education and business networking opportunities and connects its members through a powerful North American network. For more information, please visit www.naiopsfl.org.

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

954-776-1999

Pierson Grant Public Relations

Lexi Robinson, ext. 255

lrobinson@piersongrant.com