HFF announces $155 million financing for development of two new-build beachfront hotels in Oceanside, CA

Renderings of two Oceanside Beach Resort Hotels, Oceanside, CA

Timothy Wright

SAN DIEGO, CA –– HFF announces $155 million in construction financing for the ground-up development of two oceanfront hotels in Oceanside, California.

Working on behalf of the developer, S. D. Malkin Properties, the HFF team placed the construction financing with Bank OZK and an East Coast-based institutional investor.   

The two hotels will be developed over a 2.75-acre, two-block site located along Mission Avenue and North Pacific Street. 

 Both properties will have immediate access to the beach and, combined, feature 387 rooms, 85 percent of which will have water views. 

 The hotels’ location in Oceanside places it central to several of Southern California’s most famous attractions, including Disneyland, Legoland, Sea World and the San Diego Zoo.

Scott Hall

One of the hotels will be operated by Destination Resorts and the other by Joie de Vivre (both brands are owned by Hyatt). 

The hotel operated by Destination Resort will have 226 rooms, a signature restaurant, indoor/outdoor lounge, pool with ocean views, luxury spa and more than 20,000 square feet of meeting and event space. 

The hotel operated by Joie de Vivre hotel will have 161 guest rooms, a rooftop pool and bar, world class restaurant, public garden and 3,000 square feet of retail space and feature the historic circa 1887 Graves House, a local icon commonly known as the “Top Gun” house, which will be completely renovated and opened to the public.

The HFF team representing the borrower included senior managing directors Timothy Wright and Scott Hall, director Olga Walsh and analyst Aaron Lapping. 

Olga Walsh

“The beachfront hotels will be distinctive but complementary, providing a full-service and boutique experience in downtown Oceanside’s burgeoning retail, restaurant and entertainment district,” Wright said.  “The hotels will help meet the demand for high-quality, unique beachfront hospitality in San Diego and Southern California.”

Aaron Lapping

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

S.D. Malkin Properties, Inc. is a global real estate company specializing in creating and operating experiential retail and hospitality destinations for discerning global audiences.

  S.D. Malkin’s expertise includes retail, hotel and urban mixed-use projects in the United States, including the award-winning Hilton Gaslamp and Cable Building Lofts in San Diego as well as two Rodeo Drive in Los Angeles and, through Value Retail PLC and VIA Outlets, affiliated companies, luxury factory outlet retail Villages in Europe and China. 

Historic circa 1887 Graves House, a local icon commonly known as the “Top Gun” house

S.D. Malkin is also currently involved in the development of large scale, sports and entertainment anchored mixed-use master planned environments. 

 S.D. Malkin Properties has offices in Greenwich, Connecticut, and San Diego, California.  For more information, visit www.sdmproperties.com.

CONTACTS:

TIMOTHY WRIGHT

CA Lic. #00947194

HFF Senior Managing Director
(858) 552-7690

twright@hfflp.com  

SCOTT HALL

CA. Lic. #01917029

HFF Senior Managing Director  

(858) 552-7690

shall@hfflp.com

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

RPH Multifamily of Marcus & Millichap Launches in Tampa, FL

Ned Rogers

TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the formation of a Florida- and South Georgia-focused apartment brokerage advisory team, RPH Multifamily of Marcus & Millichap.

Formed by Ned Roberts, CCIM, Adam Podbelski and Jason Hague, the team has closed more than $650 million in multifamily transactions in Florida.

“With over 50 years of combined commercial real estate experience and the proven ability to leverage Marcus & Millichap’s national platform to deliver outside capital to the Florida market, RPH Multifamily of Marcus & Millichap is uniquely positioned to advise clients throughout Florida and Southern Georgia,” said Ari Ravi, regional manager of the firm’s Tampa office.

Adam Podbelski

                Roberts and Hague are based in Tampa, and Podbelski is in Fort Myers.

 RPH Multifamily of Marcus & Millichap includes Allan Holbrook, a 30-year industry veteran and senior associate based in Jacksonville, Duane Anderson, an associate in Orlando, and Sebastian Harris and Christine Daly, associates in Tampa.

“Given the strong worldwide demand for Florida’s multifamily assets, deep knowledge of the Sunshine State’s economically and geographically diverse marketplace is critical,” commented Roberts.

“Our statewide agent team and expert staff provide clients with an unparalleled level of local access and expertise,” said Hague.

               

Jason Hague

The team is supported by Chris Kool, senior financial analyst, and Jen Walstad and Michael Clennan, marketing coordinators.

“We’re thrilled to be leading such an accomplished group of individuals and are excited to grow our presence in Florida and Southern Georgia,” added Podbelski.

With over 1,800 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. 

Founded in 1971, the firm closed nearly 9,000 transactions in 2017 with a value of approximately $42.2 billion. 

Ari Ravi

Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. 

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

Sebastion
Harris

Allan
Holbrook

Duane C.
Anderson

CONTACTS:

Ari Ravi, Regional Manager, Tampa

(813) 387-4700

or

Whitney Davis
Marketing Coordinator
Marcus & Millichap 201 North Franklin St. Suite 1100 Tampa, FL 33602 (813) 387-4700 main (813) 387-4743 direct (813) 387-4710 fax whitney.davis@marcusmillichap.com done deals

HFF appoints senior managing director Ken Martin to co-head Indianapolis office

INDIANAPOLIS, IN –– HFF announces senior managing director Ken Martin has been appointed to co-head the firm’s Indianapolis office.  Mr. Martin will lead the office’s debt and equity placement business alongside senior managing director David Keller.

Mr. Martin has more than 10 years of experience in commercial real estate, having joined HFF’s Indianapolis office in 2010.  During his tenure with the firm, he has successfully completed more than $2.1 billion in commercial real estate transactions. 

David Keller

Mr. Martin is an active member of NAIOP and is a Certified Commercial Investment Member (CCIM).  He holds a Master of Business Administration degree from the University of Georgia and completed his bachelor’s degree at Indiana University.

“Ken has been an integral member of the Indianapolis office for many years now,” said Keller.  “HFF’s philosophy is to place the most talented and passionate individuals in positions to lead and Ken is more than ready for the challenge of running the day-to-day operations of the Indianapolis office.”

CONTACTS:

DAVID B. KELLER

HFF Senior Managing Director

(317) 630-3191

dkeller@hfflp.com 

KEN MARTIN

HFF Senior Managing Director

(317) 630-3191

kmartin@hfflp.com

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

The Preiss Company and Nuveen Real Estate Announce Joint Venture Acquisition of 525-Bed Signature 1505 Student Housing Community in Raleigh, NC

Signature 1505 Student Housing, Hillsborough Street, Raleigh, NC

  

RALEIGH, NC—Officials of The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, in a joint venture with Nuveen Real Estate, the investment management arm of TIAA, one of the world’s largest real estate investment managers, announced the acquisition of the 525-bed Signature 1505. 

 Serving more than 5,000 students in 17 properties throughout the Raleigh market, TPCO has been the largest off-campus provider of purpose-built student housing for North Carolina State University (NCSU) for over 20 years.

                                                                                Photo by Christopher T. Martin
Donna Preiss  

“Following our recent joint venture acquisition of The Estates at San Antonio, this marks our second deal in January,” said Adam Byrley, chief operating officer, TPCO. 

 “Much of the diligent work we began last year looks likely to come to fruition over the coming months, and we project 2019 will be a record growth year for us.  We look forward to expanding our relationships with best-in-class partners like Nuveen Real Estate as we pursue our aggressive growth goals.”

The student housing community offers several room configurations, including one-, two-, three- and four-bedroom apartments, all with private bed/bath suites. 

 Each apartment provides upscale finishes, including granite countertops, stainless steel appliances, hardwood-style flooring and contemporary light fixtures.  All suites also include a full-sized washer and dryer, modern furniture package and 50” Smart TV. 

Adam Byrley

Additional amenities include a resort-style pool, state-of-the-art fitness center and 24/7 study and conference areas. 

 Located on Hillsborough Street adjacent to the YMCA, Signature 1505 is just a two-minute walk to NCSU and is close to the entertainment centers in Glenwood South and Cameron Village.

          

  “Having just opened for the Fall 2018 semester, the Signature 1505 remains the newest student housing community for the Raleigh marketplace,” noted Donna Preiss, founder and CEO, TPCO.

  “With four additional properties in Raleigh, we are able to easily create economies of scale and systems for sharing best practices. 

Hillsborogh Street, Raleigh, NC

"We are familiar intimately with the market, and perhaps more importantly, we know and understand what today’s student body requires to have a successful and fulfilling academic career.”

           

 Celebrating its 32^nd year, Raleigh-based, The Preiss Company specializes in the development, acquisition and management of off-campus student housing. The company is ranked in the nation’s top 10 largest, privately-held, student housing owner-operator. 

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

Contact: 

Amy Barger

Vice President of Public Relations

The Preiss Company

(919) 532-1114

amy.barger@tpco.com

Bull Realty Adds Broker Joe Mitchell to National Retail Group

 

Joe Mitchell

ATLANTA, GA—Bull Realty welcomes commercial real estate professional Joe Mitchell to Bull Realty as V.P. of the National Retail Group.

Joe will join the team led by seasoned broker Will Young, focused on the sale of retail investment properties.

Will Young

An Atlanta native, Mitchell graduated from the University of Georgia, and received his B.B.A in Real Estate from the Terry College of Business.

“I first learned of Bull Realty while obtaining my real estate degree at UGA. I’m excited to bring the resources of Bull Realty to clients,” Mitchell said.

Bull Realty was founded 21 years ago by Michael Bull with three people focused on investment property sales in and around Midtown Atlanta. Today the full-service brokerage firm has 50 people doing business throughout the southeast U.S.

For more information contact Bull Realty at 404-876-1640 or Info@BullRealty.com.

Michael Bull

 Bull Realty, Inc. (www.BullRealty.com) is a commercial real estate brokerage and advisory firm licensed in nine states, headquartered in Atlanta, providing acquisition, disposition, leasing and advisory services. The firm also produces America’s Commercial Real Estate Show (www.CREshow.com).

Contact: 

Susan Fortner, Bowers PR & Marketing

Telephone: (614) 562-0054

E-mail: susan@bowerspr.com

Website: www.bullrealty.com