HFF arranges $93 million acquisition financing for 1333 Broadway in Oakland, CA

1333 Broadway, Oakland, CA

SAN FRANCISCO, CA –– HFF announces that it has arranged approximately $93 million in acquisition financing for 1333 Broadway, a 253,393-square-foot, Class A office building in Oakland, California.

HFF worked on behalf of Swift Real Estate Partners to secure the floating-rate acquisition loan through an affiliate of Brookfield Asset Management.

David Copeland

1333 Broadway is positioned in the heart of Oakland immediately adjacent to the 12^th Street City Center Bart station, which is only two stops away from San Francisco. 

The property has convenient access to the Bay Area’s highway system via Highways 980 and 880 and with a Walk Score® of 99, is within walking distance of a multitude of restaurants, beer gardens, cafes, retail shops and entertainment options in Uptown Oakland.

Major tenants at the 95% leased office tower include Delta Dental and Teecom. 

“Swift is thrilled to purchase such a high-quality building located in the heart of Oakland on top of the City Center Bart station,” said David Copeland, the Director that led the acquisition for Swift Real Estate Partners. 

 “1333 Broadway benefits from a strong tenant base that has invested significantly in their space.  This area is undergoing a substantial transformation enhanced by approximately 1,500 new residential units and corresponding ground floor retail under construction within a three-block radius.”

The HFF debt placement team that arranged the financing consisted of managing directors Jordan Angel and Mark Root.

Jacobus Machalow of Orrick provided legal representation for Swift Real Estate Partners.

Jordan Angel

“The lender provided Swift Real Estate Partners a great loan option for the acquisition of 1333 Broadway after a competitive process,” added Angel. 

“The accretive acquisition financing will enable Swift to work through their business plan on an asset in one of the best office real estate markets in the Bay Area.”

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

About Swift Real Estate Partners

Founded in 2010, Swift Real Estate Partners is headquartered in San Francisco, and has regional offices in Orange County, Portland, the San Francisco East Bay and the Silicon Valley.

Swift is a vertically integrated real estate investment firm which seeks to generate superior risk-adjusted returns for its partners.

Mark Root

Swift acquires and repositions office and industrial assets in select West Coast markets, identifying unique opportunities and executing well-defined business plans while providing real-time, day-to-day oversight for each investment.

Since inception, Swift has owned and operated real estate valued in excess of $3 billion across more than 10 million square feet.

Swift’s first institutional fund was raised in 2014 and is fully deployed. Swift’s Fund II was raised in 2016 and is fully committed.

Swift’s investor base includes U.S. pension funds, endowments and foundations, as well as foreign investors and investment advisors.

Swift's professionals bring experience encompassing all aspects of real estate investment management, including acquisition, financing, leasing, disposition, construction oversight and property management.

Jacobus Machalow 

CONTACTS:

JORDAN ANGEL

CA Lic. #01419993

Managing Director

(415) 276-6300

jangel@hfflp.com

MARK ROOT

CA Lic. #01839541

Managing Director

(415) 276-6300

mroot@hfflp.com

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

Straus--Hearst Family Mansion in Westchester, NY Listed at $6.75 Million; Sealed Bidding June 13 Starts at $2.5 Million

Westchester, NY lakefront mansion once owned by the Straus family of Macy’s department stores, and then by the Hearst newspaper family goes to auction  June 13. Listed at $6.75 million. Bidding starts at $2.5 million

Photo credit: Paramount Realty USA -- Source: prusa.com

QUARRY LAKE, WESTCHESTER, NEW YORK -- According to TopTenRealEstateDeals.com, an opportunity awaits history buffs, stressed-out Manhattanites, and possibly creative developers when a Westchester, New York lakefront mansion once owned by the Straus family of Macy’s department stores, and then by the Hearst family goes to auction on June 13.

Nathan Straus

A peaceful location with room to roam and restoration already prepped to begin, the mansion has been taken to the studs, the excavation dug for a cliffside infinity pool and even a lakefront log cabin further through the woods has construction started.

Isidor Straus

 Ideal for a buyer’s architect to design for their personal taste, sealed bidding starts at $2.5 million - an almost 60% reduction from its list price of $6.75 million.

William Randolph Hearst

Now a secluded property of 7.9 acres, it was originally part of a 43-acre estate purchased by the Straus family in 1895, a year before brothers Isidor and Nathan Straus became the sole owners of Macy’s.

Macy’s, the largest department store chain in the United States, was one of the first employers in America who were concerned for the health care of their workers hiring a doctor and nurse for their New York store.

The Straus estate stayed in the family until the 1980s when it was sold to the Hearst family, for many years the country’s largest newspaper chain.

Lana Zacocela

After Randolph Hearst died in 2000, his widow sold 37.25 acres to the City of New York for $5.3 million. It continued to be her residence until 2016 when she sold it to the Republic of the Seychelles, a rapidly developing nation of islands in the Indian Ocean, to be used as the family home of its consul general, Justin Etzin, and his model-wife, Lana Zakocela.

However, after having just begun a massive renovation of the property, Justin and Lana filed for divorce and the Republic of the Seychelles placed the estate on the auction block, still in the early stages of renovation.

Located only 40 minutes from New York City by train, 490 acres of conservation land surround the home including Cranberry Lakes Preserve.

Justin Etzin and wife Lana Zacocena

Sited on spring-fed Quarry Lake, formerly a 19th-century granite quarry, additional structures include a 1,300-square-foot log cabin, guest cottages, stables, custodian’s house, and a garage.

Ground has been dug out next to the main house for a one-of-a-kind 60’ infinity pool overlooking the lake from the cliff above.

The 13,721-square-foot main house has huge rooms with 19-foot ceilings, formal rooms, eight bedrooms and ten baths.

The 1,300-square-foot log cabin is under construction and other structures include guest cottages, original stables, caretaker’s house and a garage.

The estate is a seven-minute drive to the Valhalla and North White Plains Train Stations and fourteen minutes from the Westchester County Airport.

After acquiring the necessary change of use, possibilities are almost limitless for development such as a housing subdivision, school or religious facility or in sticking with its original purpose as a glamorous family home ideal for entertaining.

Contact:

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  434-480-4504
Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

Mel Gibson's Malibu, CA Home on Market for $14.4 Million

Actor Mel Gibson's 6,578-SF, two-story Malibu, CA Mansion is Priced at $14.4 Million   
 Photo credit: The Agency -- Source: theagencyre.com

MALIBU, CA -- According to TopTenRealEstateDeals.com, multi-talented, Academy Award-winning Mel Gibson has propelled his acting career, and simultaneously his real estate investments, into a $425 million net worth - a far cry from when he moved with his middle-class parents from New York to Australia at age 12. 

Mel’s home in Malibu, CA is now on the market, priced at $14.495 million. Listing agents are Sandro Dazzan of The Agency, Beverly Hills and Branden Williams with Hilton & Hyland, Beverly Hills.

Mel studied acting at Australia’s National Institute of Dramatic Arts and soon became a major movie star at age 23 after his lead role in the 1979 Australian-film Mad Max, for which he earned just $15,000. 

Mel Gibson

Today, whether acting, directing, inciting controversy or purchasing some of the most romantic properties on the planet, he does it with passion. 

From action figure, to comedy, from stage to film, he has proven himself in the entertainment industry as evidenced by his many awards and has funneled that income into property investments with holdings in Australia, Costa Rica, the United States and Mago Island in Fiji.

 He has quietly but seriously made philanthropic donations in the countries where he invests and intends to keep the Fijian island in its natural, undeveloped state. 

Sandro Dazzan

Consistently, Gibson’s real estate choices reflect his penchant for the earthy and rustic with a strong romantic vibe cushioned among lush plantings. 

Such is the case with this Malibu, California mansion which he purchased in 2008 and added his personal stamp and highlighted its Old World characteristics. 

One of the most beautiful estates in central Malibu, Gibson’s estate is accessed through a long-gated drive ending at a large motor court. 

The 6,578-square-foot house is entered via the two-story foyer that opens into an expansive great room with high vaulted-beamed ceilings, stone-arched doorways, large chandeliers, dark-wood floors, walls of transomed French doors exposing canyon and ocean views and a grand stone Inglenook-style fireplace. 

Branden Williams

With five bedrooms and five baths, there is a large French Country kitchen with bespoke cabinetry, marble countertops, island for workspace and casual dining, a den, gym and family room. 

Outside are terraces overlooking ocean views, one with a romantic, vine-covered pergola for alfresco dining, and a three-car garage with a two-bedroom guest house above. 

Preferring a lush landscape, Gibson added additional plant materials native to Southern California. There are two swimming pools and the 5.5-acre property includes membership in the La Costa Beach Club.

CONTACT:

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  434-480-4504
Twitter:  @toptenrealestat
facebook.com/toptenrealestat