HFF announces sale of 284-unit multi-housing community in Houston, TX

The Edge at City Centre Apartments, 8410 West Bartell Drive,
Houston, TX

HOUSTON, TX –– HFF announces the sale of The Edge at City Centre, a 284-unit, garden-style multi-housing community near the Texas Medical Center in Houston, Texas.

Chris Young

The HFF team marketed the property exclusively on behalf of the seller, 29^th Street Capital, and procured the buyer, ClearWorth Capital LLC.

The Edge at City Centre is situated on approximately seven acres at 8410 West Bartell Drive inside the 610 Loop in Central Houston, which positions it within two miles of more than 110,000 jobs in the Texas Medical Center. 

 Additionally, the property is within walking distance to two METRO bus lines and is less than one mile from NRG Stadium. 

Originally built in 1983, 29^th Street Capital invested more than $2.6 million to rebrand, renovate and reposition with significant capital improvements. 

Joey C. Rippel

Floor plans include a mix of one- and two-bedroom units averaging 765 square feet.  The property was 94 percent occupied at closing.

The HFF investment advisory team representing the seller included directors Chris Young and Joey Rippel and analyst Connor Phillips.

“The Edge at City Centre generated a high level of interest due to its infill location and value-add potential,” Young said.  

“It is well-positioned for future growth due to the lack of workforce housing options in Houston’s urban core, and it’s also in one of Houston’s Opportunity Zones.”

“Buyers appreciated that 29^th Street had completed the heavy lifting at the property, leaving new ownership a clear runway to capture rent growth from unit upgrades and improving market fundamentals.” Young added.

Holliday GP Corp. (“HFF”) is a Texas licensed real estate broker.

CONTACTS:

CHRISTOPHER YOUNG

TX Lic. #630674

HFF Director

(713) 852-3500

cyoung@hfflp.com

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3500

ohennessey@hfflp.com

HFF announces sale of 1111 Superior Avenue in Cleveland, OH

1111 Superior Avenue Office Tower, Central Business District, Cleveland, OH

Jaime Fink

CHICAGO, IL, Oct. 29, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of 1111 Superior Avenue, a 559,299-square-foot Class A office tower in Cleveland, Ohio.

The HFF team marketed the property on behalf of the seller, American Landmark Properties Corporation, and procured the buyer, Zamir Equities LLC.

1111 Superior Avenue is located at “Main and Main” in the epicenter of Cleveland’s central business district. The property is positioned along the city’s main thoroughfare through the CBD and overlooks Lake Erie. 

 Additionally, tenants have easy access to the recently redesigned Ralph J. Perk Plaza Park as well as the Theatre District, bike share system and metro light rail system. 

Jeffrey Bramson

 The 28-story tower was renovated in 2014 and is one of only a handful of LEED Silver certified buildings in downtown Cleveland. 

Anchored by the Cleveland Metropolitan School District, 1111 Superior Avenue is 83.4 percent leased to a diverse tenant base, including Asurint and MetLife Services & Solutions. 

Amenities at the office tower include a brand-new conference facility, fitness facility, yoga room, David’s Deli and unimpeded views of Lake Erie and downtown Cleveland.  

The HFF investment advisory team representing the seller included senior managing directors Jaime Fink, Jeffrey Bramson and John Merrill and directors Bryan Rosenberg and Patrick Shields.

John Merrill

American Landmark Properties is a real estate investment group with a 30-year track record of delivering consistently strong returns to its investors.

The company’s acquisition philosophy is to seek and acquire value-add and opportunistic mid-cap office, industrial and multifamily properties in the Midwest and East Coast. 

 Its skills and expertise include syndication, financing, leasing, sales and marketing, repositioning, renovation property/asset management and disposition. 

To learn more, please visit: www.americanlandmark.com.

Bryan Rosenberg

Founded by Asher Zamir in 2003, Zamir Equities is a privately held New York City-based, integrated real estate private equity firm. 

Currently, Zamir Equities owns and manages cumulative properties encompassing nearly three million square feet. 

Recognized for their astute acquisition proficiency, along with unparalleled real estate management, leasing and marketing experience, Zamir Equities specializes in risk-adjusted market returns in both undervalued and stabilized real estate assets. 

Zamir Equities is headquartered in the heart of midtown Manhattan in the Fred F. French Building, a magnificent 38-story art deco building erected in 1927.

To learn more, please visit: www.zamirequities.com.

CONTACTS:

Patrick Shields

JAIME FINK

HFF Senior Managing Director

(312) 528-3650

jfink@hfflp.com

BRYAN ROSENBERG

HFF Director

(312) 300-7282

brosenberg@hfflp.com

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

HFF announces $65 million sale and $47.6 million financing for the Lion Building in Washington, DC

                                    Photo by Nick Waring

Lion Building, 1233 20^th Street, Central Business District,
Washington, DC

Jim Meisel

WASHINGTON, DC – Oct. 29, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $65 million sale of and the $47.6 million financing of the Lion Building, a 154,384-square-foot office building in Washington, D.C.’s central business district.

The HFF team represented the seller, JBG Smith, and procured the buyer, a joint venture between GreenOak and MRP Realty.  Additionally, HFF worked on behalf of the new owners to secure acquisition financing.

The Lion Building is located at 1233 20^th Street within the CBD’s Golden Triangle, a 43-block subsection of the city housing more than 3,000 businesses, 550 retail shops and restaurants and eight luxury hotels with more than 1,800 rooms. 

Andrew Weir

 This location positions the property within walking distance to mass transit at the Dupont Circle, Farragut North, Farragut West and Foggy Bottom Metrorail stations.

The HFF investment advisory team representing the seller included Jim Meisel, Andrew Weir, Matt Nicholson and David Baker.

HFF’s debt placement team representing the borrower consisted of Cary Abod, Dan McIntyre and Robert Carey.

JBG SMITH is an S&P 400 company that owns, operates, invests in and develops assets concentrated in leading urban infill submarkets in and around Washington, D.C. 

Matt Nicholson

The company’s mixed-use operating portfolio comprises approximately 20 million square feet of high-quality office, multifamily and retail assets, 98 percent of which are Metrorail-served. 

With a focus on placemaking, the company drives synergies across the portfolio and creates amenity-rich, walkable neighborhoods.  JBG SMITH’s future development pipeline includes over 17.2 million square feet of potential development density. 

For additional information on JBG SMITH, please visit www.jbgsmith.com.

Cary Abod

Founded in 2005, MRP Realty is a real estate operating company focused on opportunistic and value-add investment in the northeastern United States, with offices in Washington, D.C., Maryland, Virginia, Pennsylvania, and New York City. 

MRP provides to its institutional capital partners a full array of real estate services including: acquisition/disposition, development/construction management, property management, asset management and financial reporting services. 

Since the company’s inception, MRP has deployed $4.1 billion in total capitalization, an average of over $300 million per year. MRP’s combined development assets total more than 20 million square feet, with an additional 9+ million square feet under management. 

Dan McIntyre

 For more information, please visit www.mrprealty.com.

GreenOak Real Estate (“GreenOak”) is a privately owned real estate investment manager with nine offices globally and over 100 employees.

 Since formation in 2010, GreenOak has raised over $8.0 billion of equity and acquired over 150 properties representing approximately $10.0 billion of asset value globally.

 CONTACTS:

Robert Carey

JAMES MEISEL

DC Lic. #SP100478

HFF Senior Managing Director

(202) 533-2500

jmeisel@hfflp.com

CARY ABOD

HFF Managing Director

(202) 533-2500

cabod@hfflp.com 

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

Regency Centers Announces Transfer to Nasdaq Stock Market

Martin 'Hap' Stein

JACKSONVILLE, FL--(BUSINESS WIRE)--Oct. 29, 2018-- Regency Centers Corporation (NYSE: REG) (“Regency” or the “Company”) today announced that it will voluntarily transfer its stock exchange listing from the New York Stock Exchange (“NYSE”) to the Nasdaq Global Select Market, effective November 13, 2018.

The last day of trading on the NYSE is expected to be November 12, 2018. Regency’s stock will continue to trade under its existing “REG” symbol.

“We are excited to have Nasdaq as our new exchange partner. Our Company and our shareholders will benefit from Nasdaq’s industry leading trading platform, market model, and advisory services,” said Martin E. “Hap” Stein, Jr., Chairman and Chief Executive Officer.

Nelson Griggs

“We are eager to benefit from the new opportunities and synergies offered at Nasdaq as they support the execution of our strategic objectives.”

“Regency Centers’ targeted mission to connect people and communities along with their unparalleled culture has set them apart in the REIT sector for more than 50 years,” said Nelson Griggs, President, Nasdaq Stock Exchange. 

“We are proud to welcome Regency to Nasdaq and we look forward to supporting their vision through our new partnership.”

Regency Centers (NYSE: REG) is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas.

 Regent's portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.

Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. For more information, please visit regencycenters.com.

 CONTACT:

Regency Centers Corporation
Laura Clark, 904-598-7831
LauraClark@RegencyCenters.com

Pulte Homes Raises $109,195 for Children’s Home Network to Benefit At-Risk Children and Families in Tampa Bay, FL

From Left:

Sean Strickler Pulte Group Division President 

Irene K. Rickus President/CEO of Children’s Home Network

Casey Oswald Pulte Group Director of Procurement

TAMPA, FL – Pulte Homes’ West Florida Division announced its Oct. 1 Building to Make Lives Better Golf Tournament raised $109,195 for the Children’s Home Network.

Sean Strickler

The money will help fund operations at Kids Village, Adolescents in Motherhood and other community outreach programs that serve Tampa Bay’s at-risk children and families.

 A total of 130 golfers participated in the all-day tournament at Avila Golf & Country Club in Tampa. Platinum sponsors Hill Ward Henderson, Interior Logic Group and Rosen Materials each donated $10,000 to the event. Pulte Homes underwrote all tournament expenses, allowing all proceeds to go to the Children’s Home Network.

 “We are grateful to be able to contribute to the well-being of children and their families who are most in need of support,” said Sean Strickler, President of Pulte’s West Florida Division, who is also a Children’s Home Network board member.

 “The residential, family counseling and resource services provided benefit those who face the greatest family challenges. It is important for Pulte and our generous trade partners to give back eto the community in which we all live and work, and to assist these very deserving children and families through this incredible charity.”

The Promise Center interior

Children’s Home Network began in 1892 when founder Carrie Hammerly began aiding orphaned and abandoned children in Tampa. Six years later, she and other local women formed a non-profit, The Children’s Home.

Over the next 130 years, it grew to serve all of the Tampa Bay area, adding programs and an 88-acre property with housing, medical and counseling services. The current name was adopted in 2017.

 Today, the non-profit operates Kid’s Village, a residential healing campus for children ages 6-17 who have been abused or neglected. Other programs help young people, parents and caregivers:

• Adolescents in Motherhood program supports teen mothers and mothers-to-be with caregivers and trained staff on a residential campus in Tampa
• The SEEDS Program works with schools to prepare children for kindergarten
• Fostering Families recruits and prepares foster families and seeks to keep siblings together and reunify families
• Kinship supports relatives who are caregivers to promote family stability
• Pinellas Support Team helps families whose children are having difficulty in school due to behavioral and emotional issues
• Healthy Families Hillsborough operates a home visiting program that helps expectant parents and parents of newborns cope with stressful situations
• Three family resource centers in Hillsborough County offer services emphasizing child development, health and safety.

Kids Village, Tampa, FL

Since partnering with The Children’s Home Network in 2016, Pulte Homes has raised over $282,000 to benefit the organization. In 2017 the charity announced that it had utilized the proceeds from the annual golf tournament to fund the renovation of a vocational building, now named the Pulte Promise Center. 

The Promise Center offers a beautiful facility for the continued education of children ages 6-18 who are victims of abuse, neglect and abandonment.

 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

 Web | Facebook | LinkedIn | Twitter | Instagram

www.pulte.com.

   

Token IQ to Exhibit, Sponsor, Offer Limited-Edition Founders Discount Program at World Crypto Con 2018

 

Aleksander Dyo

LAS VEGAS, NV, Oct. 29, 2018 -- Token IQ, Inc., a leading compliant securities and asset-backed investment contracts tokenization platform, has announced it will be sponsoring, exhibiting, and offering its limited-edition Founders Discount Program at World Crypto Con, October 31-November 2, 2018.

Companies seeking a secure, scalable, and fully compliant solution to build, issue, manage and administer compliant security token offerings (STOs) can visit Token IQ in booth #613 at World Crypto Con. 

Those who qualify for Token IQ’s Founders Discount Program will receive up to 75 percent discount as a benefit to utilizing Token IQ’s full suite of services and features available on its patent-pending platform. 

Issuers interested in participating in the Founders Discount Program may also email deals@tokeniq.io for additional information.

“With all of the intricacies and complexities that exist in securities laws and regulation, it can be difficult for companies to distinguish which service is both effective and efficient when building an STO,” said Aleksander Dyo, president and co-founder of Token IQ. 

“Token IQ’s patent-pending platform is the absolute best way to ensure immediate and continued compliance. We are looking forward to showcasing everything our platform has to offer to attendees at World Crypto Con.”

Mark Vange

Mark Vange, founder and CEO of Token IQ, will be speaking on the topic of security tokens on Friday, November 2 from 3:10 PM to 3:30 PM Pacific Time on Joshua Level, Joshua 5/6.

Token IQ’s unrivaled technology enables issuers to convert rights to an asset into smart and fully compliant digital tokens on a distributed ledger.

Utilizing Token IQ eliminates the need for middlemen, reduces fees, and creates a frictionless environment by delivering unparalleled scalability, security, and speed-to-market all while eliminating loss, theft, and execution risk.

The company’s proprietary solution makes capital formation highly efficient while unlocking liquidity for traditionally non-liquid asset classes.

While the utility token market may have received the lion’s share of attention up until now, the security token market cap is poised to hit $10 trillion USD by 2025. Vange is an STO advocate, as well as a sought-after technology adviser and mentor. Prior to joining Token IQ, he was CTO of Electronic Arts Interactive.

CONTACT: 

Gavin Smith

Vice President

Red Rooster PR

gavin@redroosterpr.com

Marcus & Millichap Arranges $2.15 Million Sale of Nine-Unit Apartment Property in Coral Gables, FL

Landy Toledo

CORAL GABLES, FL, Oct. 29, 2018 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of a 9-unit apartment property located at 40 Antilla Avenue Coral Gables, FL 33134, according to Scott Lunine, Regional Manager of the firm’s Miami office.

The asset sold for $2,150,000 / $238,888 Per Unit, 100% Occupied, Built in 1959. The unit mix is comprised of One 2 bedroom /1 bath unit, Six 1 bedroom/ 1 bath units and Two Studio units.

Landy Toledo / First Vice President Investments at Marcus & Millichap’s Miami office had the exclusive listing to market the property on behalf of the seller, a limited liability company.  

The buyer a limited liability company, was secured and represented by  Toledo, as well.

Toledo has facilitated the sale of 47 apartment buildings in Coral Gables in the past six years. 

CONTACTS: 

Scott Lunine

Vice President / Regional Manager, Miam

(786) 522-7000 

Daniella Aragon
Marketing Coordinator
Marcus & Millichap 5201 Blue Lagoon Drive Suite 100 Miami, FL 33126 (786) 522-7000 main (786) 454-0094 mobile (786) 522-7010 fax daniella.aragon@marcusmillichap.com

www.MarcusMillichap.com