HFF announces $111M sale and financing for Liaison Washington Capitol Hill hotel

Liaison Washington Capitol Hill, a 343-room hotel
in the Capitol Hill submarket of Washington, DC

WASHINGTON, DC –– Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the $111 million sale of and arranged acquisition financing for Liaison Washington Capitol Hill, a 343-room hotel in the Capitol Hill submarket of Washington, D.C.

Daniel C. Peek

HFF marketed the property on behalf of the seller, Pebblebrook Hotel Trust.  A partnership between Metrovest Equities Inc. and BLDG Management purchased the hotel unencumbered of existing brand and management. 

Additionally, working on behalf of the partnership, HFF placed a 75-percent loan-to-cost floating-rate bridge loan with a major life insurance company.done deals

The hotel is at 415 New Jersey Avenue and is the closest hotel to the United States Capitol building.  Additionally, it is within walking distance of Union Station, the National Mall, Georgetown University Law Center and the Walter E. Convention Center and nearly 150 million square feet of office space and 100 embassies. 

Cyrus Vazifdar

The buyer plans to convert the existing Liaison Washington Capitol Hill hotel into the YOTELPAD Capitol Hill. 

 YOTEL is an operationally-efficient, lifestyle-oriented hospitality concept, and this will be YOTEL’s first extended stay project in Washington, D.C.

The HFF investment advisory team was led by senior managing director and head of HFF’s hotel group Daniel C. Peek and senior director Cyrus Vazifdar.

“It was a true privilege to represent the Pebblebrook team on this transaction,” Peek said.  “They are best in class and a group we have long admired in the industry.”

The HFF debt placement team representing the borrower consisted of managing director Scott Aiese and senior director Chris Hew.

“We’re excited to see YOTEL enter Washington D.C. and believe the flag will achieve significant market share with its target clientele in this unparalleled location, just steps from the United States Capital,” Aiese added.

Scott Aiese

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. 

The company owns 61 hotels, totaling approximately 14,600 guest rooms.

 For more information, please visit www.pebblebrookhotels.com and follow them on Twitter at @PebblebrookPEB.

About Metrovest Equities Inc.

Metrovest Equities Inc. is a real estate investment and development firm owned by George Filopoulos. 

 Founded in 1996, Metrovest has completed over $1 billion of acquisition, recapitalization, development, repositioning, asset management and disposition in suburban and urban residential, office, retail and hospitality assets.  

Chris Hew

The firm has built a solid reputation as “hands-on” entrepreneurs who understand value enhancement through the repositioning and development of real estate assets.  Please visit
 https://www.metrovest.com to learn more.

About BLDG Management

BLDG Management is a Manhattan-based, privately held real estate investment and management company in which Lloyd Goldman is the key principal. 

 BLDG operates a portfolio owned by its affiliates consisting primarily of residential buildings, but also includes retail, industrial and office properties. 

 In addition, BLDG has invested in several hotel properties including the Gurney’s Resorts. 

Lloyd Goldman

The portfolio includes over 8,000 apartments and 20 million square feet of retail/office and industrial properties in over 300 commercial properties throughout the United States.

CONTACTS:

DANIEL C. PEEK

HFF Senior Managing Director

(212) 245-2425

dpeek@hfflp.com

CYRUS VAZIFDAR

D.C. Lic. #200200694

HFF Senior Director

(202) 533-2500

cvazifdar@hfflp.com

SCOTT AIESE

HFF Managing Director

(212) 245-2425

saiese@hfflp.com

CHRIS HEW

HFF Senior Director

(202) 533-2500

chew@hfflp.com

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

HFF arranges $100 million construction loan for creative office project in Atlanta’s West Midtown submarket

Rendering of planned Star Metals Offices, 1055 Howell Mill Road in the heart of Atlanta’s West Midtown submarket

ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announces that it has arranged a $100 million construction loan for the development of Star Metals Offices, a 14-story, approximately 267,237-square-foot creative office building, that includes nearly 40,000 square feet of retail space, in the West Midtown submarket of Atlanta, Georgia.

W. Allen Morris

Working on behalf of the borrower, The Allen Morris Company, HFF placed the floating-rate construction loan with Barings LLC, one of the world’s largest diversified real estate investment managers, on behalf of institutional investors, and Bank OZK.

Star Metals Offices is located at 1055 Howell Mill Road in the heart of Atlanta’s West Midtown submarket, which features the largest concentration of creative office inventory in the city. 

This location is proximate to Georgia Tech, Tech Square, Buckhead, The Battery and SunTrust Park as well as many of Atlanta’s primary thoroughfares, including Interstates 75 and 85. 

Gregg Shapiro

Designed by the team of Oppenheim Architecture and Warner Summers Architecture, the structure will include seven floors of office space with outdoor terraces perched on top of a six-floor podium to include parking and 30,707 square feet of ground floor retail. 

Approximately 227,530 square feet of Class A office space will be strategically designed to maximize creativity and collaboration within today’s modern workplace, and has been 25 percent preleased to Spaces, a leading co-working group.

The project is located directly across the street from Star Metals Residences, a nine-story, 409-unit multifamily project that is projected to deliver in July 2020. 

Amenities at Star Metals Offices will include a 5,000-square-foot rooftop bar/café with 4,000 square feet of outdoor terrace space offering unobstructed panoramic views of the Atlanta skyline, a 5,000-square-foot collaboration amenity space on the 7^th floor,  outdoor terraces on every office floor, bike storage, on-site fitness and shower facilities, a drone delivery landing site and MARTA connectivity via a private building shuttle. 

Additionally, Star Metals Offices will offer above market parking consisting of five levels of structured parking totaling 520 parking spaces and additional parking in Star Metals Residences.

“We know the Atlanta market intimately having developed 21 prior projects in Georgia,” states W. Allen Morris, Chairman and CEO of The Allen Morris Company. 

“Star Metals Offices is intended to shatter the paradigm with the most innovative, creative and attractive work environment in Atlanta.  It’s definitely not your grandfather’s office building. 

Geoff Goldstein

"We are attracting the most innovative, disruptive companies that want to recruit and retain the top creative, tech-savvy workforce in the city. 

"For a CEO, it is a smart strategic move that will set their company apart from the pack.”

The HFF debt placement team representing the borrower was led by senior director Geoff Goldstein, managing director Gregg Shapiro and director Matt Casey.

About The Allen Morris Company

The Allen Morris Company, founded in 1958, is one of the largest diversified real estate firms in the Southeast.

 The Allen Morris Company has long been a pioneer in office development, including building the first multi-tenant office building on Miami’s Brickell Avenue (1000 Brickell) and Alhambra Towers in Coral Gables, which still outperforms the market today. 

The mission of The Allen Morris Company is to “Inspire, Impress, and Improve,” and that creed is visible in every detail of the business.  Over its 60-year history, The Allen Morris Company has been involved in over 82 successful development projects.

CONTACTS:

GEOFF GOLDSTEIN

HFF Senior Director

(212) 245-2425

ggoldstein@hfflp.com

GREGG SHAPIRO

HFF Managing Director

(404) 832-8460

gshapiro@hfflp.com

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3403

ohennessey@hfflp.com

HFF closes $19.25 million sale of multi-housing development site in Downtown Doral, FL

Ana Maria Codina Barlick

MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announces it has closed the $19.25 million sale of a four-acre multi-housing development site in Downtown Doral, a 250-acre mixed-use community in Doral, Florida.

HFF represented the seller and master developer of Downtown Doral, Codina Partners, in the sale of the parcel to Greystar. 

 The HFF investment advisory team representing Codina Partners included executive managing director Manuel de Zárraga, managing director Jaret Turkell, senior director Maurice Habif and director Simon Banke. 

Manny de Zarraga

HFF has closed several sales within Downtown Doral, including land sites set for an assisted living facility and an active adult residential development.

“Greystar is a world-class institution and we are pleased that they are developing a second project in Downtown Doral, as well as managing our new multi-family tower, 5250 Park,” said Ana-Marie Codina Barlick, CEO of Codina Partners.  “Thank you to HFF for their help with this transaction.”

Downtown Doral is located off of NW 87^th Avenue and NW 53^rd Street and comprises approximately 70 shops and restaurants; a business district with almost one million square feet of Class A office space;

5,000 luxurious residential units, including 5350 Park condo tower, 5250 Park distinctive apartments, and Canarias single-family and townhomes in The Residences at Downtown Doral;

Jaret Turkell

Downtown Doral Charter Elementary School, a top-rated, bilingual charter elementary school; Downtown Doral Charter Upper School, a 6^th through 12th grade charter school that is currently under construction; Doral Government Center, a LEED-certified city hall; and public green spaces adorned with world-class art pieces.

Greystar’s planned multi-housing project, designed by MSA Architects, will feature 385 luxury apartments in a six and eight story building. 

The amenities will include a rooftop sky lounge amenity deck, club lounge, expansive fitness center, two swimming pools, and multiple courtyards with a park and yoga deck.  The site is positioned on the south side of the Downtown Doral master plan along 41^st Street and 87^th Avenue.

Maurice Habif

“We are excited to be part of the Codina vision for this premier mixed-use development project,” said Lewis Stoneburner, managing director of Greystar’s Florida development business.  “We also feel privileged to be doing business with such an incredible group of people at both the Codina organization and HFF.”

About Downtown Doral

Downtown Doral is Miami’s premier town center, a vibrant community of culture and commerce, located at the heart of access to almost everywhere.  

Neighborhoods, offices, homes, an award-winning school, restaurants and shops that offer a new quality of life—totally walkable, connected, artfully designed, green and gracious.  

The 250-acre mixed-use development features approximately 70 shops and restaurants; a bustling business district with almost one million square feet of Class A office space; 5,000 luxurious residential units, including 5350 Park condo tower and Canarias in The Residences at Downtown Doral;

Simon Banke

 Downtown Doral Charter Elementary School, a top-rated bilingual charter elementary school; Downtown Doral Charter Upper School;

 Doral Government Center, a LEED-certified city hall; and public green spaces adorned with world-class art pieces. 

 Learn more at www.downtowndoral.com or follow @DowntownDoral on Facebook and Twitter and @DowntownDoralLife on Instagram.

To learn about Codina Partner’s integrated services, please visit 

www.codina.com or call 305-529-1300.

To learn more, please visit

www.greystar.com.

CONTACTS:

JARET TURKELL

FL Lic. #BK3114894

HFF Managing Director

(305) 448-1333

jturkell@hfflp.com

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3403

ohennessey@hfflp.com

AMANDA GASSET

Codina Partners Marketing Assistant

(305) 569-2202

agasset@codina.com

The Apartments at Lincoln Common in Chicago Announce Official Move-ins

Rendering of Apartments at Lincoln Common,
 2345 North Lincoln Avenue, Chicago, IL

CHICAGO, IL – The Apartments at Lincoln Common, newly constructed at 2345 N. Lincoln Avenue, Chicago, had its first residents move in on Monday, April 1, 2019.

 Located at the new crossroads of Lincoln Park at the intersection of Lincoln Avenue, Fullerton Avenue and Halsted Street, The Apartments at Lincoln Common offer 538 studio, one-, two- and three-bedroom rental residences and penthouses across two separate towers designed by Skidmore, Owings and Merrill in partnership with Antunovich Associates. 

More than 200 tours have been conducted of The Apartments at Lincoln Common since leasing began in February.

“We are thrilled to welcome our first residents to The Apartments at Lincoln Common,” said Carly Stevenson, McCaffery Senior Director of Residential Management. “These amazing amenity-packed towers combined with this dynamic neighborhood will provide an unparalleled living experience in the heart of Chicago.”

 For more information, please visit 

www.lincolncommon.com and LincolnCommonApts.com or call 

(312) 466-9095

 Follow Lincoln Common on Facebook, Twitter and Instagram for updates.

CONTACT:

Megan Gasper, 

Senior Publicist

Heron Agency

1528 W. Fullerton Avenue

Chicago, IL 60614

773.969.5208

www.heronagency.com

PR News Agency Elite Award Winner

megan@heronagency.com

HFF announces sale of Marriott Courtyard hotel on the Big Island in Hawaii

Courtyard by Marriott King Kamehameha's Kona Beach Hotel, a 452-room, full-service beachfront hotel, 75-5660 Palani Road in the heart of Kona’s cultural center in Kailua-Kona
 on Hawaii’s Big Island

SAN DIEGO, CA -– Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the sale of Courtyard by Marriott King Kamehameha's Kona Beach Hotel, a 452-room, full-service beachfront hotel in Kailua-Kona on Hawaii’s Big Island.

Scott Hall

The HFF team marketed the property on behalf of the seller, Pacifica Hotels.

Courtyard by Marriott King Kamehameha's Kona Beach Hotel was extensively renovated and converted to one of the most unique Marriott Courtyard hotels in the world in 2011.

  The hotel comprises two connected six-story towers that feature more than 20,000 square feet of flexible indoor and outdoor meeting space; 

• 
  
• more than 18,000 square feet of retail, including a full-service spa; state-of-the-art fitness facility; 
• 
  
• yoga studio; 24-hour business center; outdoor pool and patio; tennis courts; 
• 
  
• and five food and beverage outlets, including Honu’s on the Beach Restaurant, Billfish Poolside Bar & Grill and The Island Breeze Hawaiian Lu’au.

Tony Malk

The hotel is situated on 13 acres of pristine beachfront land on Kailua Bay at 75-5660 Palani Road in the heart of Kona’s cultural center. 

The hotel has direct access to the Kailua Pier, Kona’s primary point of onboarding and disembarking for cruise ships, sportfishing, scuba diving and snorkeling. 

The hotel and pier are also “ground zero” for the world-famous Ironman World Championships. 

 Additionally, Courtyard by Marriott King Kamehameha's Kona Beach Hotel is within walking distance to downtown Kona, Kahaluu Beach Park and Kailua Village via Ali’i Drive or, as it is colloquially known in Hawaii, the “Royal Footsteps along the Kona Coast.”

Tracey Goo

The HFF investment advisory team that arranged the transaction consisted of senior managing director Scott Hall, managing director Tony Malk, director Tracey Goo and analysts Aaron Lapping and Blake Malecha.

“The King Kamehameha resort is a special place with a famed history,” Hall said.  “Pacifica Hotels had a creative long-term vision for the asset and executed their business plan in a remarkable manner. 

Aaron Lapping

"The buyer understands the dynamic fundamentals of the Big Island, the uniqueness of the hotel and the continued upside that will be realized through this investment.”

About Pacifica Hotels

Pacifica Hotels was formed in January of 1993 to consolidate the hospitality operations of Invest West Financial Corporation, which has been involved in the acquisition, development, refurbishing and operating of quality hotel properties and other commercial real estate properties for almost 30 years. 

 Today, Pacifica Hotels is the largest owner and operator of boutique hotels on the Pacific coast.  Pacifica Hotels’ 40 independent and flagged properties in key California cities from San Diego to San Francisco, as well as Hawaii and Florida, feature outstanding locations, AAA 3 and 4-Diamond ratings, upgraded amenities and high standards of guest service. 

 For complete hotel descriptions and reservations, please visit
 www.pacificahotels.com.

CONTACTS:

SCOTT HALL

HFF Senior Managing Director  

(858) 552-7690

shall@hfflp.com

TONY MALK

HFF Managing Director

(310) 407-2100

tmalk@hfflp.com

TRACEY GOO

HI. Lic. #RB-22254

HFF Director    

(310) 407-2100

tgoo@hfflp.com

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

Ware Malcomb Announces Douglas Gullo Joins Firm as Studio Manager, Architecture in Phoenix, AZ

Douglas Gullo

PHOENIX, AZ – Ware Malcomb, an award-winning international design firm, today announced Douglas Gullo has joined the Phoenix office as Studio Manager, Architecture.

In this role, Gullo will oversee the Architecture Studio and manage select projects for Ware Malcomb’s Phoenix office.

“We are excited to have someone of Douglas’ tremendous expertise and talent join our team,” said Kevin Evernham, Principal of Ware Malcomb’s Phoenix office.

“His design excellence in commercial real estate will help expand the reach of our Architecture team, and enable us to further serve our clients.”

Gullo brings more than 25 years of architecture and business development experience to Ware Malcomb. He has worked on many notable Greater Phoenix-area projects including office, retail, industrial, medical office buildings, and resort and entertainment.

Kevin Evernham

Utilizing his architectural design and project management skills, Gullo manages the design process from initial concept and ideas through successful project completion.

Gullo holds a Bachelor’s degree in Architecture from the University of Arizona and is the design author on many award winning office, retail, industrial and medical buildings in the Greater Phoenix market.

Ware Malcomb recently moved to a new, larger office space located at 2777 E. Camelback Rd, Suite 325 in Phoenix. The move accommodates the firm’s growing employee and client base in the region. 

  

CONTACTS:

Rachel Reenders

VP Public Relations, KCOMM for Ware Malcomb

rachel@kcomm.com

Kelly Teenor, Director, Marketing, 949.660.9128, kteenor@waremalcomb.com

Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com

For more information, please visit waremalcomb.com/news and view Ware Malcomb’s Design video at youtube.com/waremalcomb.

 waremalcomb.com

Ware Malcomb Phoenix

2777 E. Camelback Rd, Suite 325

Phoenix, AZ 85016

p. 480.767.1001