Atlantic | Pacific Communities Honors Sandrell Rivers and Miami-Dade Commissioner Audrey Edmonson at Grand Opening of Theater in Liberty City, FL

Miami-Dade Commissioner Audrey Edmonson

MIAMI, FL – Atlantic | Pacific Communities (A|P Communities), a subsidiary of Atlantic | Pacific Companies (A|P), along with local officials including Miami Dade Commissioners Audrey M. Edmonson and Dr. Barbara Carey-Shuler, Congresswoman Carrie Meek, Congressman Kendrick Meek, Miami Dade County Mayor Carlos Gimenez and City of Miami Mayor Tomas Regalado, celebrated the grand opening of Seventh Avenue Transit Village and the groundbreaking of the second phase of construction.

Seventh Avenue Transit Village, which broke ground in 2014, provides a hub for transit, affordable housing, economic development and the arts in the heart of Liberty City.

Dr. Barbara-Carey Shuler

In addition to the grand opening and groundbreaking celebration, the new 200-seat black box theater was named the “Sandrell Rivers Theater,” honoring Florida cultural leader, Sandrell Rivers, who dedicated a lifetime of service to arts, culture and education.

Another surprise for those in attendance was the renaming of Seventh Avenue Transit Village to the Audrey M. Edmonson Transit Village to recognize the champion who helped ensure this vision became a reality, Commissioner Audrey M. Edmonson.

Other moving moments included the unveiling of a mural honoring influential political and cultural leaders of Liberty City.

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

Jessica Wade Pfeffer | Jessica Wade Inc.

jessica@jessicawadeinc.com | 305.804.8424

Margie Sernik | Jessica Wade Inc.

margie@jessicawadeinc.com | 786.200.2516

RealtyTrac Reports First Quarter 2016 Home Loan Originations Down 8 Percent from Year Ago, Driven by 20 Percent Drop in Refinance Originations

Daren Blomquist

IRVINE, Calif. –— RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, released its Q1 2016 U.S. Residential Property Loan Origination Report, which shows 1.4 million (1,415,511) loans were originated on U.S. residential properties (1 to 4 units) in the first quarter of 2016, down 12 percent from the previous quarter and down 8 percent from a year ago to the lowest level since the first quarter of 2014.

The loan origination report is derived from publicly recorded mortgages and deeds of trust collected by RealtyTrac in more than 950 counties accounting for more than 80 percent of the U.S. population.

The year-over-year decrease in total originations was driven by a 20 percent year-over-year decrease in refinance originations even while purchase originations increased 3 percent from a year ago and Home Equity Line of Credit (HELOC) originations increased 10 percent from a year ago.

“After a surprisingly strong 2015, the mortgage refi market started running out of steam in the first quarter of 2016 despite lower mortgage interest rates,” said Daren Blomquist, senior vice president at RealtyTrac.

“Meanwhile the purchase loan market continued the pattern of slow-and-steady growth that it has been following the past two years, and HELOC originations increased on a year-over-year basis for the 16th consecutive quarter, showing that borrowers are regaining both home value and the confidence needed to increasingly leverage their home equity.”

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

Jennifer von Pohlmann

Sr. Public Relations Manager

Office: 949.502.8300 ext 139

 jennifer.vonpohlmann@realtytrac.com

HFF secures financing totaling $77.5 million for garden-style apartment communities in two major Colorado markets

Eric Tupler

 DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $40.2 million in financing for Fox Ridge Apartment Homes in Centennial, Colorado and $37.3 million in financing for Canterwood Apartments at 4970 Meredith Way  in Boulder, Colorado.

HFF worked on behalf of the borrower, a REIT sponsored by Resource Real Estate, Inc. (“RRE”), to arrange two separate loans through a life company correspondent lender.  Both loans have a seven-year, fixed-rate term with significant prepayment flexibility.  The borrower previously acquired the properties on an all-cash basis. 

Fox Ridge Apartment Homes is a 300-unit property located at 8225 South Poplar Way within the Cherry Creek School District and adjacent to numerous retail, dining and entertainment amenities, including Park Meadows Mall. 

The property has 27 two- and three-story walk-up residential buildings encompassing one- and two-bedroom units averaging 977 square feet each.  Community amenities include a heated outdoor swimming pool, 24-hour fitness center, sport court, outdoor barbecue grill and picnic area, and reserved carport parking.

Canterwood Apartments is located in Boulder, Colorado at 4970 Meredith Way.  The property has 216 one- and two-bedroom units averaging 850 square feet situated within 14 residential buildings.  Community amenities include a swimming pool, hot tub, barbecue picnic areas, dog park, yoga room, bike repair room, two clubhouses, business center and views of the Flatirons.

The HFF debt placement team was led by senior managing director Eric Tupler.

   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 closes $35 million sale of and secures $25.25 million financing for 5-property self storage portfolio in Harrisburg, PA

Barbara Guffey

PHILADELPHIA, PA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $35 million sale of and secured $25.25 million in acquisition financing for a five-property, Storage Depot-branded, self-storage portfolio totaling 310,257 rentable square feet in Harrisburg, Pennsylvania.

HFF marketed the portfolio on behalf of the seller, PFG Capital, LP.  Self Storage Capital Partners purchased the assets.  

Additionally, working on behalf of the new owner, HFF placed the 10-year, fixed-rate, 75-percent LTV acquisition loan with a CMBS lender.

The Storage Depot portfolio comprises properties at 6325 Allentown Boulevard, 32 Milroy Road, 4401 North 6th Street, 350 South 7th Street and 115 Cumberland Parkway.

Storage Depot Portfolio Property

 All the facilities are located within a 10-mile radius of the capitol building in Harrisburg.  The portfolio consists of 243 climate controlled units, 2,271 non-climate controlled units, 87 income-producing surface parking spaces and eight warehouse/commercial units totaling 14,054 square feet.  Additionally, there is an expansion area totaling 28,880 square feet.

The HFF team representing the seller was led by managing director Richard Schontz, director Barbara Guffey and associate director Matthew Weckesser.

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

Storage Depot Portfolio Property

“This is the third transaction our team completed in the past 14 months for PFG Capital, totaling $70 million,” Schontz said.  “This portfolio is a great fit for Self Storage Capital Partners and is nearly doubling their holdings within the Mid-Atlantic Region. 

In addition, James Conley played a major role in this transaction by placing debt for the buyer in very choppy CMBS Market on the same terms as presented at the time of application.”

   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.selfstoragecp.com

www.pfgcapital.com.

HFF closes $23 million sale of and secures $18.2 million financing for mixed-use residential community in Henderson, CO

Belle Creek Apartments, 10754 Belle Creek Boulevard, Henderson, CO

 

Jordan Robbins

DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and secured acquisition financing for Belle Creek Apartments, a 156-unit residential community with 6,256 square feet of ground-floor retail in Henderson, Colorado.

HFF marketed the property on behalf of a real estate investment trust.  Hamilton Zanze purchased the asset for $23 million free and clear of existing debt. 

Additionally, HFF assisted the new owner in securing an $18.2 million, 10-year, fixed-rate loan through 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.

Belle Creek Apartments is situated within the 171-acre Belle Creek master planned community at 10754 Belle Creek Boulevard in the northeastern Denver suburb of Henderson. 

The transit-oriented property provides access to the RTD Highway 85-East 104th Avenue bus stop and major thoroughfares, including East 104th Avenue, Highway 85, E-470 and Interstate 76.

 Completed in 2002, the eight building, garden-style community has a mix of one-, two- and three-bedroom units averaging 753 square feet each and six ground-floor retail spaces totaling 6,256 square feet.

The HFF investment sales team representing the seller was led by managing director Jordan Robbins and associate director Jeff Haag.

HFF’s debt placement team representing the buyer was led by associate director Tyler Ford and senior managing director Matt Kafka.

  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.hamiltonzanze.com.

HFF secures financing for development of master planned community in suburban Dallas, TX

 

Jeremy Sain

DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured financing for the initial development of Green Meadows, a 15-phase, 1,408-acre master planned community in the North Dallas suburb of Celina, Texas.

HFF worked on behalf of the borrower, Tomlin Investments, to place the construction loan with Bank of the Ozarks.  

Proceeds were used to pay off existing debt and fund construction costs associated with the project, including bringing in roadways and utilities and creating both an amenity center and the 365-lot Phase I of the development.

Green Meadows is located one mile west of the Dallas North Tollway along Legacy Drive, approximately 10 miles north of Frisco’s “$5 Billion Mile” and the rapidly growing Legacy Business Park. 

Steven Heldenfels

The developer plans to build a new roadway, Green Meadows Parkway, which will intersect the toll road and further increase the community’s accessibility.  

Once complete, the master planned development will have nearly 4,500 single-family residential homes offering community amenities, including multiple swimming pools, gardens, dog park, playgrounds, walking trails, sand volleyball courts, grilling area with fire pit, party center and daycare center.

The HFF team representing the developer was led by director Jeremy Sain and managing director Steven Heldenfels.

“We are excited about putting the funding in place to develop the infrastructure for the entire project and bring the first phase of lots to market for a select group of builders,” said Dan Tomlin of Tomlin Investments.

  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 $41 million financing for 259-unit multi-housing development in Davie, FL

 

Rendering of planned Parc3400 Apartments in Davie, FL

  

MIAMI, FL – May 10, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $41 million in construction financing for the development of Parc3400, a 259-unit, Class A multi-housing property in Davie, Florida.

HFF worked exclusively on behalf of the borrower, a joint venture between Giles Capital Group, Rosemurgy Properties and FSG Holdings, to place the construction loan with Mutual of Omaha Bank.  Park Partners Residential will manage and lease the asset.

Elliott Throne

Parc3400 will be situated near the southwest intersection of Interstate 595 and the Florida Turnpike on an eight-acre site at 3400 Davie Road.  The site is adjacent to Nova Southeastern University and is approximately 25 miles north of Miami in Broward County. 

Due for completion in summer 2017, the property will feature one-, two- and three-bedroom units with granite countertops, stainless steel appliances, modern lighting, walk-in closets, in-unit washers and dryers, ceiling fans, impact-resistant windows and sliding doors, and private balconies and patios. 

Common area amenities include a resort-style swimming pool, pavilion, clubhouse, 84 bicycle parking spaces and car charging stations. 

HFF’s debt placement team representing the borrower was led by managing director Elliott Throne.

“The South Florida-based developers are truly suited to understand the dynamics of this market, which will allow them to once again deliver a product that will provide local residents with a unique residential lifestyle option,” Throne stated.  “The pairing between the developers and lender was a natural fit given their success on a recently completed project in nearby Boca Raton.”

  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.parkpartners.com

Deborah Pillatsch Named Director of Sales and Marketing For Westin Portland Harborview

Deborah Pillatsch

PORTLAND, ME -- Jeffery Burrell, general manager of the Westin Portland Harborview, a Rockbridge portfolio hotel, announced that Deborah Pillatsch has joined the hotel team as director of sales and marketing.  Pillatsch previously held the same position at the DoubleTree by Hilton in South Portland. 

        “Deborah comes to us with more than 20 years’ experience in hospitality, and more than a decade selling prestige New England hotels and resorts,” said Burrell.  “She has a keen understanding of the demands of the business and the needs of corporate and social groups and has a tremendous track record of exceeding the expectations of both constituencies.  I am certain she will make an immediate positive impact on our sales team and the entire hotel operation.”

Jeffery Burrell

        Prior to coming to Portland, Pillatsch was a senior sales manager at the Providence Biltmore and the MGM Grand-Foxwoods. 

She is a member of Meeting Planners International, the National Tour Association, Maine Innkeepers, Maine Travel and Tourism and the Regional Portland Chamber of Commerce, among other professional organizations.

        “There is no hotel in our city with more history, character and name recognition than the Westin Portland Harborview,” said Pillatsch.  

“It is perfectly positioned for meeting groups, corporate travelers and social groups thanks to its ample meeting space, outstanding culinary offerings and unique attributes like Top of the East.  I am eager to help this hotel reach its fullest potential as Portland’s premier hotel.” 

Located in the heart of Portland's arts district at 157 High Street, the 289-room and suite Westin Portland Harborview is the result of an 18-month, $50 million renovation that transformed a beloved, 1920s era grand dame into the city's most elegant hotel. 

The Westin Portland Harborview is within easy walking distance of the city's best dining, shopping and art galleries, as well as the Old Port District. Recently ranked the “fifth hippest city in the U.S.” by Travel & Leisure magazine readers and the “#1 Foodiest Small Town” by Bon Appetit, Portland is celebrated for its live music scene, fine dining, independent boutiques and eco-friendly lifestyle.

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

Lauralee Dobbins

609-451-5102

856-979-8929 (mobile)

Lauralee@WriteTouchPR.com

Member SATW, PRSA

Twitter @AHotelPRo

www.westinportlandharborview.com.

www.newcastlehotels.com.

Lincoln Brokers Two Leases Totaling 9,212 Square Feet at Northchase Office Park in Marietta, GA

  

Hunter Henritze

 ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) has arranged three office leases totaling 9,212 square feet within the Northchase Office Park located in Marietta, Georgia.

 Jeff Henson, Hunter Henritze and George Gwaltney of Lincoln represented the landlord, JP Partners, in the transactions. The details of the transactions are below:

·     Legacy Data Access, LLC, signed a new 5,518-square-foot lease. Liz Love of JLL represented the tenant.

·     Sodexo Operations, LLC, signed a new 2,370-square-foot lease. Ruth Krier of Mohr Partners represented the tenant.

·     Full Media signed a new 1,324-square-foot lease. Tommy Watkins of Hailey Realty represented the tenant.

“Since delivery of the extensive renovations in late 2013, Lincoln has completed nearly 60,000 square feet of new leases at the building, bringing the project from 20 percent occupied to 88 percent leased,” Henson said.

“With several move-in-ready spec suites available, Northchase Office Park is perfect for tenants seeking a well-located, value alternative in the Northwest Submarket with fantastic amenities.”

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

Savannah Durban

The Wilbert Group

404-343-0870

sdurban@thewilbertgroup.com

Lincoln Secures Seven Leases at Roswell Summit in Roswell, GA, Increasing Occupancy by More Than 60 Percent

 

Jeff Henson

 ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) has brokered seven office leases totaling 24,700 square feet at Roswell Summit, an office complex located in Roswell, Georgia.

Since taking over leasing at the property in January 2015, Lincoln has increased occupancy more than 60 percent, signing more than 40,000 square feet of leases in just 14 months.

Jeff Henson, Matt Davis and George Gwaltney of Lincoln represented the landlord, J4 Asset Management, in the transactions. The details are below:

Global Products Data, LLC signed a new 2,668-square-foot lease. Clint Glover of CBRE represented the tenant.

Matt Davis

Crowder Construction Co, signed a new 4,952-square-foot lease. Richard Bowers of Richard Bowers & Co. represented the tenant.

Homestead Hospice signed a new 4,874-square-foot lease. Andrew Walker and Craig Mendel of Colliers International represented the tenant.

Labor Staffing, Inc. signed a 2,500-square-foot lease renewal. David Dixon of NAI Brannen Goddard represented the tenant in the transaction.

Autostar Acceptance, Inc. signed a new 1,300-square-foot lease. Ryan Hudson of CBRE represented the tenant.

Qiigo, Inc. signed a 9,500-square-foot lease expansion and extension. Jimmy Stevens of Ackerman & Co. represented the tenant.

Global Image Sports, LLC, signed a 1,400-square-foot lease renewal.

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

Savannah Durban

The Wilbert Group

404-343-0870

sdurban@thewilbertgroup.com

Lincoln Secures Two New Leases at Parkwood Point in Atlanta; Brings Occupancy to 97 Percent

 

Michael Howell

ATLANTA, GA – Lincoln Property Company (Lincoln) has secured two new leases totaling 8,341 square feet to bring the occupancy at Parkwood Point, an office building located at 2018 Powers Ferry Road in Atlanta, to 97 percent. Michael Howell and Matt Davis of Lincoln represented the landlord in the transactions.

·      Stokes, Carmichael & Ernst, LLP signed a new lease for 6,887 square feet. Hansell Rodenberry and Wes Vaughn of Cresa Partners represented the tenant.

·      Transportation Insurance Experts signed a new lease for 1,454 square feet.  Waguespack of Colliers International represented the tenant.

“Well-located, Class A office buildings in Atlanta’s northwest submarket continue to be in high demand,” Howell said. “Parkwood Point’s asset quality, amenity base and proximity to the interstate system make the building highly desirable to tenants actively seeking office space in the northwest submarket.”

Parkwood Point is located directly across from the Wildwood development and the Chattahoochee National Recreation Area and offers a wide array of amenities including on-site security, a fitness facility, building café, electric vehicle charging stations, and an on-site car wash.

The building also features a structured parking deck with 4.5 spaces per 1,000 square feet, immediate access to I-75 and I-285, and numerous restaurants within walking distance..

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

Savannah Durban

The Wilbert Group

404-343-0870

sdurban@thewilbertgroup.com

Voit Real Estate Services Directs Major Industrial Lease for Home Furnishing Company in Ontario, CA

Prologis Mission Distribution Center, Ontario, CA

 Ontario, CA – Voit Real Estate Services has successfully completed the $27 million lease of the Prologis Mission Distribution Center, a 741,458 square-foot, Class A industrial distribution center situated on 31 acres in Ontario, California on behalf of Noble House Home Furnishings, a national manufacturer of residential furniture.

Peter Castleton, a Senior Vice President in Voit’s Anaheim office, represented Noble House as the lessee in the transaction.  

The property, which is owned and operated by Prologis, will serve as the new West Coast Regional Distribution Center for Noble House.

“The sheer volume of this transaction, combined with the cost-effective terms of the lease, truly speaks to our expertise in tenant representation and our ability to secure high quality facilities in tight markets on behalf of our clients,” explains Castleton.

“By fostering our long-standing relationship with Prologis, we were able to secure a lease that lowered Noble House’s occupancy costs by 38 percent while still maintaining its close proximity to the Ports of Los Angeles and Long Beach.”

The lessee, Noble House Home Furnishings, is a family-owned manufacturer and distributor of home furniture, specializing in a wide variety of decor, seating, and outdoor furniture.

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

 Katie Kea / Jenn Quader

  Brower, Miller & Cole

  (949) 955-7940

  KKea@browermillercole.com