HFF hires pair of industrial investment sales brokers as directors in its Chicago office

                                         

Jeff Bramson

CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has expanded its investment sales team with the hiring of Kurt Sarbaugh and Robin Stolberg as directors in its Chicago office. 

Mr. Sarbaugh and Mr. Stolberg will focus on industrial investment sales transactions in Chicago and the Midwest.  

The duo joins HFF from JLL, where they worked as a team for the last 12-plus years handling industrial asset sales and leasing for the firm’s Chicago North Suburban market.  Mr. Sarbaugh and Mr. Stolberg began their careers at The Staubach Company. 

Mr. Sarbaugh is an active member of the National Association of Industrial and Office Properties (NAIOP), a former board member of NAIOP’s Developing Leaders and a member of the Association of Industrial Real Estate Brokers (AIRE).  He holds a Bachelor of Science degree in Business Management from Purdue University.

Mr. Stolberg graduated from the University of Illinois with a Bachelor of Science degree in Economics and Finance with a focus in real estate.  He is an active member of NAIOP and is a board director for AIRE and the Children’s Brittle Bone Foundation.

Robin Stolberg

“Kurt and Robin are well respected and successful industrial professionals in the Chicago commercial real estate world and we could not be more pleased that they are joining the HFF team,” said Jeff Bramson, senior managing director and co-head of HFF’s Chicago office.

Their unique skill set and relationships developed from working on both the sales and leasing side of the business will elevate the level of service we can provide to our industrial clients.  Kurt and Robin have clients that range from users to developers and investors of industrial real estate in the Chicagoland region and beyond,”

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

Kristen Murphy

Director, Marketing

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

tel 617.848.1572 | fax 617.338.2150 | www.hfflp.com

krmurphy@hfflp.com

HFF hires David Otis as a director focused on investment sales in the Pacific Northwest

  

David Otis

PORTLAND, OR  -– Holliday Fenoglio Fowler, L.P. (HFF) announced David Otis has joined the firm as a director.  Mr. Otis will focus on investment sales in the Seattle market with a particular emphasis on office, land, retail and industrial properties. 

  

Mr. Otis joins HFF from Jones Lang LaSalle, where he served as a vice president for their capital markets team in Seattle.  Prior thereto, he was in the acquisitions and asset management division of Voit Real Estate Services in Newport Beach, California. 

He has also worked at Investcorp International, which is a global private equity firm.  Mr. Otis has a Master of Business Administration with a Finance and Real Estate concentration from UCLA Anderson School of Management and a Bachelor of Arts in Business Administration from Washington State University.

 Additionally, he is an active member of NAIOP (National Association of Industrial and Office Properties).

“We are excited to welcome David to our growing Pacific Northwest investment sales team and are confident that his experience in the region, coupled with his relationships within numerous property sectors, will translate into new relationships for HFF as a firm, as well as enhanced relationships for our already existing clients in the Pacific Northwest region,” said Nicholas Kucha, senior managing director and co-head of HFF’s Portland office.  

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

Kristen Murphy

Director, Marketing

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

tel 617.848.1572 | fax 617.338.2150 | www.hfflp.com

krmurphy@hfflp.com

RAF Pacifica Group Announces First San Diego, CA Ground-Up Creative Office Development in this Decade

Rendering of  RAF Pacifica Group's
Planned Office Campus

SAN DIEGO, CA (Sept. 30, 2016) – Moving at a rapid pace, RAF Pacifica Group has acquired  land in Carlsbad, on which the firm plans to build the first true creative office campus in North San Diego County since 2008, according to Adam Robinson, Principal of RAF Pacifica Group.

RAF Pacifica Group acquired the 4.3 acre-land parcel for a total consideration of $4.8 million from Cruzan. 

The development site is located at the intersection of Palomar Airport Road and Innovation Way in Carlsbad, California.

Arik Starck of Cushman & Wakefield represented both the buyer and the seller.

Arik Starck

“This is the first ground-up creative office development in this decade,” says Robinson. “While we’ve seen many developers convert outdated facilities into creative office space formats, we are the first to build a completely new creative office campus in Carlsbad that will attract businesses seeking a true work/play lifestyle.

“Our new development, in•sti•gate, will be approximately 50,000 square feet, and will integrate unparalleled amenities, delivering an innovative creative office aesthetic and a user-friendly experience that will revolutionize the way people work in this market.”

Starck, Senior Managing Director of Cushman & Wakefield, adds, “Carlsbad companies largely consist of biotech, action sports, and technology. 

"These companies thrive on creativity and innovation and represent a new generation of office users. The atmosphere at in•sti•gate is a departure from the typical office building and will foster collaboration and novel ideas.”

According to Robinson, this state-of-the-art creative office development will feature a new level of architecture for the market, as well as rooftop decks, resort-style facilities, an on-site fitness center, indoor/outdoor meeting areas, onsite high end restaurants, loft style buildings with Clam shell glass walls, open exposed HVAC, outdoor BBQ areas, communal quad atmosphere and loft-style buildings with clam-shell glass walls for a coastal vibe.

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

Kinzie Builders Retained as General Contractor for Verandah, A Master-Planned, Age-Restricted Community in Hanover Park, IL

Steven Spinell

CHICAGO, IL – Kinzie Builders, a division of Kinzie Real Estate Group, announced it has been retained as general contractor for Verandah, a $40 million master-planned community with assisted living and memory care components, in Hanover Park, Ill.

The age-restricted community is the first project of its kind awarded to Kinzie Builders and will break ground this fall.

Located on Irving Park Road, just east of Barrington Road, Verandah will include for-sale, two-story townhomes and single-level villas and condominiums available to all buyers aged 55 and over. 

All three home options at Verandah offer independent living units, while the condominium building will also include assisted living studios.

 “Multifamily housing has been a large part of Kinzie Builders’ portfolio, and we are looking forward to being a part of this master-planned, age-restricted community,” said Steve Spinell, principal of Kinzie Real Estate Group.

“With Verandah, we are very excited to be expanding our expertise to include communities designed specifically for older adults. The lifestyle this community offers is also something new for this area and we are thrilled to be a part of setting a new standard for age-restricted living in northern Illinois.”

 Verandah is expected to be completed in 2018, with presales for the townhomes and condominiums beginning next year.

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

 Sara Williams, swilliams@taylorjohnson.com, (312) 267-4510

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

                   

www.kinziegroup.com.

W Financial Brokers $17 Million mezzanine loan -- Financing at the Speed of New York for a time-of-the-essence acquisition

David Heiden

NEW YORK, NY -- W Financial, a Manhattan-based private bridge lender, has provided a $17,000,000 mezzanine loan collateralized by the borrower’s ownership interests in various cash-flowing multifamily properties located throughout Brooklyn and Long Island.

The borrower is a successful local real estate investor who was scheduled to close on a time-sensitive acquisition and required the funds in order to close on time.

W Financial was able to offer a creative solution to quickly free up some of the borrower’s equity providing the liquidity he needed to close on his time-of-the-essence acquisition. 

The borrower plans to repay the W Financial loan by either selling or refinancing a portion of his portfolio.

W Financial will also consider providing re-hab and construction loans for experienced developers, as well as mezzanine financing on well-located, cash-flowing properties. We will consider providing joint venture equity on cash-flowing properties on a case-by-case basis.

Call me to discuss or contact my partner David Heiden | david@w-financial.com (212) 684-8484, or contact our Senior Loan Officer Jarret Schochet | jarret@w-financial.com (212) 684-2205 to discuss your new bridge loan scenarios.

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

 Gregg Winter - Founder & Managing Partner

W Financial Fund, LP

Special Situation Financing for Commercial Real Estate ®

149 Madison Avenue, Seventh floor

New York, NY 10016

Phone: 212 532-9170

Email: gregg@w-financial.com

http://www.w-financial.com