The Keyes Company Closes All-Bitcoin Townhouse Sale in Miami

 

Broker Manuel Perez and attorney Jonathon Coto Close Bitcoin Townhouse Deal
in Miami, FL

Coral Gables, FL – The Keyes Company has completed the all-Bitcoin sale of a Miami townhouse. This is believed to be the third such transaction to close in Florida as real estate buyers and sellers start to embrace cryptocurrency.

Manuel Perez of Keyes’ Coral Gables-based Elizabeth Perez Team listed the 3180 SW 22nd Terrace townhouse on behalf of the seller. The 1,321-square-foot townhouse is located steps away from Coral Gables. The sale closed for 41.35 Bitcoin, or $338,878, on Feb. 7.

The seller and buyer in the transaction were not disclosed.

“We congratulate the Elizabeth Perez Team for successfully navigating the new world of cryptocurrency in completing this sale,” said Mike Pappas, CEO of The Keyes Company. “At Keyes, we strive to be ahead of the curve when it comes to changes in the industry. We are well-positioned to accommodate buyers and sellers who want to use cryptocurrencies in transactions.”

Yaramis Caminero

Yaramis Caminero represented the buyer in the deal. South Miami attorney Jonathan Coto handled the closing.

The transaction provides further evidence that cryptocurrencies are becoming “mainstream” in the real estate industry and business world, according to Perez. He is also handling a condominium listing at 737 11th Street in Miami Beach in which the owner is willing to accept Bitcoin and Ethereum.

“Real estate sales using Bitcoin or Ethereum are adding legitimacy to the use of cryptocurrencies in the real world,” he said. “Our team is seeing interest from other buyers and sellers in these kinds of transactions. We look forward to continuing to facilitate such deals.”

The Elizabeth Perez Team has 21 years of real estate industry experience. In addition to transactions involving cryptocurrencies, the team represents buyers and sellers of luxury real estate and commercial real estate and handles market entry analysis and site selection for chains and franchises.

Independently-owned and operated since its founding in 1926, Keyes is extremely active in luxury residential real estate. In 2017, Keyes generated more than $6 billion in real estate services across its Family of Companies.

The Keyes Family of Companies is the largest independently-owned real estate firm in Florida and a Top 25-ranked firm in the entire United States.

Elizabeth L. Perez

Born in Cuba, Elizabeth L. Perez has earned the reputation of being one of the most trusted names in Miami real estate. As a dedicated Broker Associate and Assistant District Sales Manager with The Keyes Company in Coral Gables, FL, Ms. Perez specializes in selling properties within the commercial real estate market. Her charming personality, strong work ethic, and direct communication style enable her to build relationships with ease with customers and peers alike.

Fluent in English and Spanish, Ms. Perez travels around the globe to track changes in real estate as well as to work with clients from Europe, China, South America and the Middle East assisting them in finding first-class investments, commercial Properties.

  

She has appeared and/or been quoted in the Wall Street Journal, Haute Living, Miami Today, The Robb Report, Agents Magazine and the Miami Herald. And, because of her in-depth knowledge of real estate trends, Ms. Perez regularly counsels other realtors on shifts in the market.

Ms. Perez began her real estate career in Illinois before moving to Miami over 15 years ago.

 For more information on this transaction, please contact:

Eric Kalis

Account Director, BoardroomPR

ekalis@boardroompr.com

O 954-370-8999

C 305-794-5123

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

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NAI Realvest Negotiates $9.45 Million Purchase of Orlando Multi-Tenant Business Park, Retained to Lease and Manage

Michael Heidrich

ORLANDO, FL--- NAI Realvest recently closed on  the $9.45 million acquisition of Heaven III, multi-tenant business park with 109,344 square feet of flex space located at 6925 Lake Ellenor Drive, at the intersection of W. Lancaster Road in southwest Orlando Central Park. 

 Michael Heidrich, principal at NAI Realvest negotiated the off-market purchase on behalf of the buyer Heaven 3 RE, LLCwhich includes investors Michael and James Kramer of Miami.  Buyers have worked with Heidrich and NAI Realvest to identify target commercial real estate assets and increase their Central Florida holdings.

Catherine Mallory

 The “Heaven” brand was established by Developer/Seller Brett Kingstone CEO of Heaven III, LLC to signify the level of high-tech amenities in the buildings including fiber optics, LED lighting, biometric locks and Internet surveillance.  Seller has developed several similar commercial properties in the Orlando area.

 Heidrich said the new owners whose other Central Florida properties include the Realvest-developed Monroe CommerCenter South in Sanford and Goldenrod and Hanging Moss CommerCenters in Orlando, have retained NAI Realvest to handle leasing and management of Heaven III as well.

 The six-building campus built in 1975 and renovated in 2014-2015 is nearly 100 percent leased.  Major long-term tenants include Chubb Insurance, Bostwick Laboratories and Davita Renal Healthcare. 

 Heidrich and his brokerage team will handle leasing for Heaven III and NAI Realvest Senior Property Manager Catherine Mallory, with more than 20 years of experience, will head up the property management responsibilities for the 8.8-acre property and its office/showroom and flex buildings including three that are fully leased. 

For more information, please contact:

 Beth Payan or Larry Vershel, Larry Vershel Communications, Inc., 407-644-4142 beth@larryvershel.com  or  Lvershelco@aol.com

Margo Steahly Joins Capital Square 1031 as National Sales Director

Margo Steahly

RICHMOND, Va. (Feb. 27, 2018) – Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust investments, announced today that Margo Steahly, a 20-year veteran of the financial services industry, has joined the firm as National Sales Director.  She will be responsible for national accounts and East Coast sales of 1031 DST programs sponsored by Capital Square 1031.

“Margo is a respected, seasoned financial services professional,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. “We are very pleased to add her to the Capital Square 1031 team.

Louis Rogers

"With more than 20 years of experience ranging from wealth management to sales of DSTs and other private placement products, she is well-positioned to serve the growing number of broker-dealers and financial advisors who sell DST investments.”

Prior to her tenure at Capital Square, Steahly spent approximately five years as director of internal sales for Sandlapper Capital Investments, LLC. Previously, she served as director of tenant-in-common sales at Dallas-based ORIX USA, where she assisted in the development of the company’s scalable business platform.

 The platform aimed to incorporate a web-based due diligence information distribution system; a turn-key application and closing process for investors; and a server secured contact management database.

Steahly regularly participates in panel discussions at industry events, and previously was a member of ADISA’s legislative & regulatory committee, where she assisted with Congressional advocacy.

Steahly graduated from DePaul University in Chicago with a bachelor’s degree in business administration. She holds FINRA Series 7 and Series 66 licenses.

Margo Steahly is a Registered Representative of WealthForge Securities, LLC.  View her profile on FINRA BrokerCheck https://brokercheck.finra.org/.

For more information, please  contact:

Julie Leber      

Spotlight Marketing Communications  

949.427.5172, ext. 703  

julie@spotlightmarcom.com

NAIOP South Florida to Honor Terry Stiles at Awards of Excellence

Terry Stiles

FORT LAUDERDALE, Fla. (Feb. 27, 2018) – During its Awards of Excellence banquet on March 15, NAIOP South Florida will pay tribute to commercial real estate giant Terry Stiles for his unparalleled contributions to South Florida’s business community.

Through more than four decades of leadership, Stiles led the transformation of downtown Fort Lauderdale and helped position Broward County as one of the most desirable locations for business, culture and living.  

In recognition of Stiles’ pivotal work and a lifetime of achievements, the South Florida chapter of NAIOP, a Commercial Real Estate Development Organization, has donated to Nova Southeastern University’s campaign to create the Terry Stiles School of Real Estate Development, a master’s degree program at NSU’s H. Wayne Huizenga College of Business and Entrepreneurship. Funds from this campaign also will allow worthy students to complete their studies by providing scholarships in Terry’s name.

“Look anywhere in Fort Lauderdale and you’ll see the legacy that Terry left behind,” said NAIOP South Florida Executive Director Jules Morgan. “He shaped the very foundation of South Florida as it stands today through iconic developments in all areas of the region.

Jules Morgan

“Terry was and continues to be an inspiration to all those who knew him. He was dedicated to not only creating a thriving region of economic prosperity, but also to supporting industry professionals and organizations such as NAIOP.

“While we have been fortunate enough to recognize Terry in the past for his momentous accomplishments and transformational endeavors, today marks our most important recognition of all - a celebration of the life and legacy of a man who believed anything was possible.”

Stiles was a member of NAIOP South Florida for more than 35 years and served as the chapter’s president from 1982 to 1984 and as national chairman in 1998, leading the executive committee and spearheading development initiatives that benefitted chapters across the country. For his efforts, he was awarded the illustrious NAIOP Lifetime Achievement Award in 2000.

 

Ritz Carlton Hotel, Fort Lauderdale, FL

The 2018 Awards of Excellence ceremony and dinner will take place on Thursday, March 15 from 5:30 to 9 p.m. at The Ritz Carlton, located at 1 N. Fort Lauderdale Beach Blvd. in Fort Lauderdale. 

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

Tickets are $195 for NAIOP members and $245 for non-members. Sponsorship opportunities are also available. To register to attend, visit www.naiopsfl.org/events. For more information, visit www.naiopsfl.org, email naiop.info@naiopsfl.org or call 954-990-5116.

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 contact:

Pierson Grant Public Relations 954-776-1999

Lexi Robinson, ext. 255

lrobinson@piersongrant.com

HFF announces financing for 171-unit apartments in Nashville, TN

Cortney Cole

HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announces financing for West 46^th Apartments, a 171-unit, podium-style apartment community in Nashville’s Sylvan Park neighborhood.

The HFF team worked exclusively on behalf of the borrower, Venterra Realty, to place the 10-year, fixed-rate loan with interest-only payments throughout the entire term.  Loan proceeds were used to acquire the property.

West 46th Apartments is located at 4510 Charlotte Avenue just south of Interstate 40.  The centrally located property is walking distance to iconic Sylvan Park bars and eateries just west of downtown. 

Completed in 2016, units feature boutique studio, one- and two-bedroom floor plans with nine-foot ceilings, plank flooring, designer lighting packages, granite countertops, in-unit washers and dryers and private balconies. 

Chip Sykes

Common area features include a bike share program, 24-hour fitness room, two community courtyards with grills and pet-friendly spaces, two lounges with flat screen TVs for social gatherings, and access to nearby parks and running trails.

The HFF debt placement team representing Venterra included managing directors Cortney Cole and Chip Sykes.

Venterra Realty (Venterra) specializes in the identification, finance, acquisition and management of multifamily residential communities in the southern United States.

  Venterra currently manages a portfolio of approximately 15,000 multifamily units totaling more than $1.6 billion in value.  The organization has completed in excess of $4 billion of real estate transactions.  Venterra is headquartered in Toronto and Houston; and employs more than 550 people

For more information, please contact:  

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

HFF hires Robbie McEwan as a senior director in its Orlando, FL office

 

Robbie McEwan

ORLANDO, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced today that Robbie McEwan has joined the firm as a senior director focused on office and industrial investment sales in its Orlando office.

Mr. McEwan has more than 10 years of commercial real estate experience and joins HFF from Marcus & Millichap, where he was an associate director in the National Office and Industrial Property Group. 

Brad Peterson

 He began his commercial real estate career at Realty Capital Commercial and since then has closed more than $350 million in commercial real estate transactions.  Mr. McEwan has a Master of Business Administration degree from Rollins College and a Bachelor of Science in Journalism and Communications from University of Florida. 

 He is a Certified Commercial Investment Member and is the president of the CCIM Central Florida District.  Additionally, he is an active member of NAIOP, the University of Florida Friends and Alumni of Real Estate, and the Crummer Graduate School of Business Alumni Association.

“HFF is pleased to expand our client offerings to now include a dedicated industrial and office specialist such as Robbie,” said Brad Peterson, senior managing director and co-head of HFF’s Orlando office.  “Robbie has a tremendous work ethic and drive along with extensive experience in the office and industrial space in Central Florida.”

For more information, please contact:

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
krmurphy@hfflp.com

Ken Hocker Named President of Granite Investment Group

Ken Hocker

IRVINE, CA –– Granite Investment Group announced Ken Hocker, a veteran of the commercial real estate industry with more than three decades of experience, has joined the firm as president. Hocker is responsible for overseeing day-to-day operations and the development and implementation of the company’s strategic plan. 

“Ken is a consummate professional whose abilities as a leader have resulted in tremendous growth and success for the companies he has served,” said Allen L. Boerner, chief executive officer and chairman of Granite Investment Group. 

“We couldn’t be more pleased to welcome Ken to our organization, where his experience, expertise and vision will prove invaluable to our operations, real estate investments and most importantly, our investors.”  

Allen L. Boerner

Throughout his career, Hocker has been responsible for more than $1.8 billion in commercial and multifamily acquisitions, ground-up development projects and the repositioning of value-add properties. 

His more than 30-year career includes: corporate and financial oversight; property development and acquisition; personnel management; operations; and asset management.

Prior to joining Granite Investment Group, Hocker spent seven years as executive vice president with Vintage Real Estate, a national real estate investment firm based in Los Angeles, where he played an instrumental role in its growth of more than 300 percent to become a $1 billion private equity firm. 

Previously, he was regional director of acquisitions and development for Weingarten Realty Investors (NYSE: WRI), a publicly traded real estate investment trust. He also served as principal and senior vice president with Equitable Real Estate Investment Management and subsequently Lend Lease Corporation, which acquired Equitable during Hocker’s tenure.

Hocker earned a bachelor’s degree in finance from The University of Texas at Austin.

For more information, please contact:

Julie Leber

Spotlight Marketing Communications

(949) 427-5172, ext. 703

julie@spotlightmarcom.com

www.graniteinvestment.com

The Keyes Company Recognized with Prestigious Industry Awards

Denise Talboy

Miami, FL – Several members of The Keyes Company, Florida’s largest independent real estate company, were honored at the LeadingRE Annual Conference Awards in Las Vegas and the MIAMI Association of REALTORS® 2017 MIAMI Awards at the 2018 Inaugural & Awards Celebration.

LeadingRE Awards

Keyes’ Global Relocation and Corporate Services Division received the Global Alliance Club Award for Most Outgoing Referral Closings. Denise Talboy, Vice President of the division, Outgoing Referrals Coordinator Diana Cardenas and Relocation Coordinator Marta Santiago were a part of the team that helped bring home the award.

Diana Cardenas

The division was also a finalist in the Direct Connection Service Excellence and the Top 5 Outgoing Closing categories.

LeadingRE, a global network of 550 powerful real estate industry leaders from more than 63 countries, presented Keyes Director of Branch Operations Mark Bardo with the Chairman’s Service Award.

With leadership development and management operations on his resume, Bardo has dedicated years of work on behalf of LeadingRE. Keyes was also a finalist for LeadingRE’s most prestigious honor, The Diamond Award, which recognized the department’s efforts and contribution to the network in 2017.

Jeff Corriolan, Christine Pappas and father Mike Pappas

MIAMI Association of REALTORS®

The company took home three more accolades at the MIAMI Association of REALTORS® 2017 MIAMI Awards. Jeff Corriolan, an associate in the Weston office, was recognized as a MIAMI Broward Board award winner, bringing home the Broward Rising Star Award.

 Father-daughter duo Mike and Christina Pappas were MIAMI Corporate Board award winners. As the association’s 2017 MIAMI Residential President, Christina Pappas received the Realtor of the Year Award, and Keyes President and CEO Mike Pappas was honored with the Industry Leader of the Year Award, exemplifying his dedication to industry leadership and development.

Mike Bardo

“This was a big year for the company and all of those who are a part of the family,” said Mike Pappas. “We have a strong team, and with the leadership and support we have from each other, I am certain we will continue to make a positive community impact on both local and national levels.”

In addition to his MIAMI Awards win, Pappas was recently named number 99 on Swanepoel’s Top 200 Most Powerful People in Residential Real Estate list. Criteria for selection takes into consideration company position and decision-making power, financial resources, the organization’s significance in the industry and geographical reach, public announcements, tenure and industry influence.

For more information on the awards, please contact:

Eric Kalis or Jasmin Curtiss, BoardroomPR

ekalis@boardroompr.com/jcurtiss@boardroompr.com

954-370-8999

CBRE’s Philip D. Voorhees and NRP-West Team Complete Sale of Friendly Hills Marketplace in Whittier, CA for $40 Million

Friendly Hills Marketplace, Whittier, CA

WHITTIER, CA – CBRE Executive Vice President Philip D. Voorhees announced  that he and the National Retail Partners-West (NRP-West), on behalf of Oppidan, Inc., the property owner and developer, completed the sale of the newly-constructed Friendly Hills Marketplace in Whittier, California, a power center, 100% leased to national and regional credit tenants including Orchard Supply Hardware (NYSE: LOW), HomeGoods (NYSE: TJX), ULTA Beauty, and Skechers.

Philip D. Voorhees

CBRE retail experts Voorhees, Kirk Brummer, James Tyrrell, Megan Wood, Preston Fetrow and Jim Leary represented the seller, Minneapolis-based Oppidan.

The buyer, represented by a cooperating broker, was Golden Capital Whittier, LLC, a Vietnamese-based private investor who purchased the property as an addition to its portfolio.

“Through our broad, systematic marketing approach, CBRE successfully activated the investment community globally, including cooperating brokers with unique relationships to family-owned corporations and high net-worth foreign investors. We otherwise would not have discovered this investor through traditional listing services,” said Voorhees.

Megan Wood

In addition to handling the investment sale, Bruce Francis in CBRE’s Phoenix office and Shaun Moothart in CBRE’s Newport Beach, both with CBRE’s Debt & Structured Finance team, arranged the buyer’s financing.

Kirk Brummer

“While big-box retail is presently out of favor for most lenders, our CBRE debt team marketed the buyer’s finance request to over 40 lenders, ensuring no stone was left unturned. 

This approach attracted multiple lenders, creating a competitive bid situation, ultimately resulting in aggressive pricing from a life insurance company with a rate in the high three-percent range, fixed for 15 years,” said Moothart.

Built in 2017, Friendly Hills Marketplace is a wholly-owned, 89,826-square-foot shopping center on 7.7 acres of land and situated at 15311 Whittier Blvd. in Los Angeles County.

Preston Fetrow

 “Friendly Hills Marketplace provides the residents of Whittier and surrounding communities new and varied shopping opportunity and a shopping experience in a uniquely designed and engaged customer environment,” said Paul Tucci, Vice President of Development for Oppidan.

“Friendly Hills Marketplace proves that well located, high-quality power centers with top tier ‘big box’ tenants remain a highly sought-after product type,” said Tyrrell. 

According to Voorhees, CBRE’s marketing efforts produced more than 509 confidentiality agreement/offering memoranda distributed and through the teams’ “managed bid” offer process, generated more than six offers to purchase the property.

Jim Leary

With this closing, CBRE's NRP-West team topped $10 billion in successfully closed retail investment sale transactions.

Select NRIG-West team California listings include Santa Fe Springs Marketplace in Whittier, listed for sale for $28,440,000; Landmark Plaza in Huntington Beach, listed for sale for $20,531,000; and The Nut Tree, in Vacaville, a 371,524-square-foot shopping center offered for sale for an undisclosed amount.

 For more information, please contact:

Anne Monaghan                               

Monaghan Communications           
949.725.8521 O / 949.887.8527 M

www.oppidan.com.
listings.nrpwest.com. 
www.cbre.com.
www.cbre.com/nrpwest.

The Keyes Company’s Nash Group Lists Former New York Yankees World Series Champion Pitcher’s Jupiter Waterfront Compound for $14 Million

Jeff Nelson, wife Sheri Quinn Nelson and "friend" in Jupiter, FL

JUPITER, FL --  Billy Nash of The Keyes Company’s Nash Group has listed the Admirals Cove family compound of former New York Yankees pitcher and four-time World Series winner Jeff Nelson and his wife Sheri Quinn Nelson. 

The home, located at 494 Mariner Drive in Jupiter is being marketed with an asking price of $14 million. 

Billy Nash

Billy Nash and his team were brought in to re-list the 7-bedroom, 11-bathroom family compound. Custom built in 2009, the home measures in at 11,394 square feet of living space, perched on over 1.1 acres directly on the Intracoastal at Admirals Cove. 

Along with amazing unobstructed views of the water, it fits the waterfront lifestyle that comes with the prestigious community, boasting access to South Florida’s noted waterways and a marina equipped to handle yachts up to 160 feet long.

The estate provides ample privacy and is just minutes from the Jupiter Inlet and white sandy beaches along the Palm Beaches and Treasure Coast. Admirals Cove offers one of best golf experiences in South Florida. 

The Nash Group closed out 2017 as one of the top five selling groups in The Keyes Company, surpassing the $30 million mark in sales. 

Nash recently secured the closing of H. Wayne Huizenga, Jr.’s Delray Beach lakefront estate for the full asking price of $6.75 million, after just 10 days on the market. 

Jeff and Sheri Nelson's Admirals Cove Estate,
Jupiter, FL 

He is also currently marketing a $30 million dollar compound on Key Biscayne for the former Chairman of Live Nation and Rolling Stones touring manager Michael Cohl.

In addition, Nash recently sold Rosie O’Donnell’s waterfront property in West Palm Beach. Nash was also selected to market a villa in Tuscany, Italy on behalf of longtime Bruce Springsteen drummer Max Weinberg.

“The Nash Group continues to have a commanding influence in the South Florida luxury market,” said Mike Pappas, CEO and President of The Keyes Company. ‘Billy has led by example and is living proof that unsurpassed market knowledge and going the extra mile to develop great client relationships along with world class marketing, really pays off.”

Max Weinberg

The Nash Group utilizes international marketing strategies to reach a worldwide buyer pool for its luxury listings. The Admirals Cove Property will be listed on the Luxury Portfolio International platform, reaching luxury homebuyers throughout the world, and has been chosen for the March Cover of DuPont Registry. 

“I’m proud of the hard work we put into everything we do,” said Nash. “We don’t just list luxury homes, we prepare them to be sold. We are 100 percent invested in the process. We are strong, and will stop at nothing to generate interest in the trophy properties we represent.”

Celine Dion

As a four-time World Series Champion, Nelson played for the New York Yankees and the Seattle Mariners, where he holds the record for most games pitched. In 2016, he joined Fox Sports as a commentator for the Miami Marlins.

Bon Jovi

Over the years, The Club at Admirals Cove has been home to other notable residents, including Celine Dion, Bon Jovi drummer Tico Torres and former Philadelphia Phillies player Mike Schmidt.

Keyes is the largest independently-owned real estate firm in Florida and a Top 25-ranked firm in the entire United States, and is extremely active in luxury residential real estate. In 2017, Keyes generated more than $6 billion in real estate services across its Family of Companies.

Independently-owned and operated since 1926, The Keyes Company is a leader in the real estate industry. Keyes completed a merger with Illustrated Properties in July 2016.

Tico Torres

Keyes has 58 offices, more than 3,000 associates and nearly $6 billion in annual real estate sales and services. Keyes’ offices are distributed throughout six counties – Miami-Dade, Broward, Palm Beach, Martin, St. Lucie, and Volusia.

 Keyes expands our Associates’ reach globally as a Founding Member and Shareholder of Leading Real Estate Companies of the World^®. In addition to our Associates’ expertise, The Keyes Company offers a suite of resources to cover whatever needs arise while buying or selling your home.

Your mortgage, title, insurance, and property management needs can all be managed in-house, allowing us to close your deal with speed and efficiency while giving you the opportunity to talk to a real person whenever you have a question.

For more information on this listing, please contact:

Jasmin Curtiss

 Account Executive, BoardroomPR

jcurtiss@boardroompr.com

 O 954-370-8999

 Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322