Sunday, January 19, 2020

Price of John Barrymore’s Mansion With Secret Opium Den Dropped to $17 Million from $42.5 Million


John Barrymore's former home in Bella Vista, Beverly Hills, CA


Photo credit: Douglas Elliman   Source: www.thealtmanbrothers.com

 BELLA VISTA, BEVERLY HILLS, CA -- -- Historically connected to America’s first dalliance with opium and also the home of one of America’s most controversial great actors, Bella Vista mansion is for sale with its perfectly maintained opium den still in place, reached by a hand-carved ladder above the master suite.

John Barrymore
John Barrymore, who had been expelled from more schools than he later had marriages, seemed to play with life and surrounded himself with whatever exotica delighted him through his alcohol and opium-induced imagination.
The mansion had everything to feed his creativity from its stunning Pacific Ocean views to the large aviary, now a guest room, and plenty of space for his bizarre collection of shrunken heads.
Barrymore's "Upstairs" Secret Opium Den
For actors who could afford anything and especially an actor who had reached his pinnacle as one of the greatest and most versatile stars of his time, it’s not surprising that when opium began its popularity in the U.S. at the end of the 1800s, it was a natural vice for Barrymore to join in.
 He had started with alcohol as a teenager and had no qualms when it came to recreational drugs.
Entrance to Bella Vista Mansion
Inexpensive and easy to get, the U.S. government took note of the huge shipments that arrived first in San Francisco and eventually were distributed to all parts of the country.
Opium was the first drug to be controlled in the country, which was likely the case by the time Barrymore was old enough to create his fanciful opium den above his bedroom.

Today, the Spanish-style home with its many red-tiled roofs and gardens with winding paths through cultivated jungle is still dreamy.
Water trickles and splashes over the home’s waterfall spilling into the pool that overlooks the Los Angeles city skyline. When first offered for sale, the price included the entire seven acres and a number of extra buildings.

Today it encompasses one acre, 6,976 square feet of living area with a total of seven bedrooms and eleven baths distributed between the main house, two guest houses and two apartments.
Though updated to the 21st century in all the crucial places, the charm and allure are still quite evident in the dramatic fireplaces, redwood log floor in the cigar lounge and bar and one is never far away from the music of falling water from fountains or the pool waterfall.

Tracy Tutor
The master suite, one of three bedrooms in the main house, has a wraparound veranda which also has access to the opium den. Paneled walls, a wine cellar, decks, terraces, plenty of tile, wrought iron and a fabulous painted ceiling in the main living room are a few of the many elements that give the compound its character.
Now for sale is the much-visited home by the Old Hollywood elite who stayed there and may have found themselves draped across a magic carpet on the business end of an opium pipe.
John Barrymore’s great escape is now on the market, sans the shrunken heads. Priced at $16.995 million, the listing agents are Josh and Matt Altman and Tracy Tutor of Douglas Elliman, Beverly Hills.
CONTACT:
Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  434-480-4504

Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

JLL named to market Santa Barbara Public Market in Santa Barbara, CA


Marge Cafarelli
LOS ANGELES, CA – JLL Capital Markets announced it has been selected by Urban Developments to market for sale Santa Barbara Public Market, a 19,867-square-foot, LEED Certified, state-of-the-art artisanal food hall in Santa Barbara’s historic downtown district.

Completed in April of 2014, Santa Barbara Public Market comprises a two-story, LEED Gold food hall with a 4,500 sq. ft. basement. 

The food hall space is home to a curated list of popular food and beverage tenants, including Empty Bowl Gourmet Noodle Bar, Enjoy Cupcakes, Rori’s Artisanal Creamery, Wine + Beer, Corazon Cocina, The Garden, Wabi Sabi, Ca' Dario Pizzeria Veloce and Fala Bar. 

The market still has some of its original vendors that were there on opening day five years ago. The retail property is also home to a mural by renowned local artist Joseph Knowles, which has been designated as a Structure of Merit by the city of Santa Barbara.
Patrick Toomey 

Situated at 38 West Victoria Street, Santa Barbara Public Market is adjacent to Alma Del Pueblo, a premier condominium community, and proximate to State Street in the historic El Pueblo Viejo downtown district and other Santa Barbara tourism hot spots such as the Arlington theater, the New Vic theater and the Granada Theatre. 

Additionally, the property is in an affluent area with an average household income of $112,718 within a three-mile radius.

Marge Cafarelli, the California developer behind Urban Developments and who opened the Santa Barbara Public Market, spent five years developing the food hall into the successful and stabilized business that it is today. 

Initially opened with a mix of food and grocery tenants, she pivoted the retail property from a European-style public market to become a true food hall.

“Developing the Santa Barbara Public Market has been one of the hardest and one of the most gratifying projects I have ever done,” Cafarelli said. “We wanted to create a place for Santa Barbara to come together under one roof – a place that locals have embraced and now call their own.”

                        Tom Lagos
The JLL Capital Markets team representing the seller was led by Executive Vice Presidents Patrick Toomey and Tom Lagos.

“Marketing the Santa Barbara Public Market is an exciting opportunity since it is part of the hot Food Hall trend that is sweeping retail these days,” Toomey said. 

“The property boasts best-in-class construction, a diverse and successful tenant mix and a fantastic Santa Barbara location, making it an exceptional investment for the next owner.”

Food halls fill the experiential retail gap. They showcase local identity, serve nearby office and residential communities and promote local industries and small businesses. 

According to a JLL Report, more than 300 food halls will be operating in the U.S. by the end of 2020. Food continues to be the new anchor for retail assets. Shoppers who dine at a property stay, on average, 35% longer and increase transactions by 25%. Food-anchored assets continue to drive investor demand.

“Food Halls are an emerging trend in the retail space and are capitalizing on the consumer trend of wanting high quality food in an experiential setting,” Lagos added. 

“The Food Hall brings in diverse food artisans – in some cases celebrity chefs – in a hip, socially engaging environment. Many of these halls are Instagram hits not only for the food but also the crowd that they attract. We anticipate a continued upward trend for this product type as it matures.”

Santa Barbara Public Market, 38 West Victoria Street
 Santa Barbara, CA

Additionally, retail is seeing healthy demand. Over 9,500 tenants signed new or renewal leases in the second quarter of 2019, with gross absorption totaling approximately 48.5 million square feet. Total retail demand was led by restaurant/F&B tenants followed by service tenants.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.                                         

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, please visit jll.com.

CONTACTS:

 Patrick Toomey
Calif. License No: 00881133
Phone:  +1 213 239 6223

Kimberly Steele
 JLL Senior Associate, Public Relations
Phone: +1 713 852 3420
Email:  Kimberly.Steele@am.jll.com

JLL Closes $16.6 Million Sale of Piedmont Healthcare Medical Office Campus in Statesville. NC


Mindy Berman
CHARLOTTE, NC – JLL Capital Markets announced it has closed the $16.6 million sale of The Piedmont Healthcare Medical Office Campus, a five-building, 91,844-square-foot medical office campus in Statesville, North Carolina.

Piedmont Healthcare Medical Office Campus, Statesville, NC
JLL represented the seller, SMG Leasing Associates, LLC, a real estate group comprising present and former Piedmont Healthcare physicians, and procured the buyer, a healthcare REIT.   

Daniel Turley
The Piedmont Healthcare Medical Office Campus is currently 93.6% leased and home to Piedmont HealthCare, one of the largest physician-owned and directed multi-specialty medical groups in North Carolina and the Southeast. 

The group has locations across the market and retains top market share in the region. 

The five-building medical office campus serves as Piedmont’s largest, all-in-one location, supporting numerous specialties, including pediatrics, dermatology, internal medicine, endocrinology, urology, pulmonology and more.


Zack Drozda
 The campus also includes a family-owned and operated retail pharmacy on site as well as parking for more than 500 vehicles. 

Located at 208 Old Mocksville Road and 129-152 Sherlock Drive, the 14.8-acre campus is adjacent to the Davis Regional Medical Center, a Community Health Systems affiliated hospital, and Interstate 40, providing connectivity to Charlotte and Winston-Salem, both of which are approximately a 40- to 45-minute drive from the property.

Ryan Gioffre 
The JLL Capital Markets team representing the seller was led by Director Zack Drozda and Managing Directors Mindy Berman and Daniel Turley. Ryan Gioffre and Bobby Finch from Triad Commercial also assisted the seller in the transaction.

“Piedmont Healthcare is the dominant physician-owned practice in Iredell County,” Drozda said. 

“The offering represented Piedmont’s flagship, multi-specialty location. As such, there was excellent interest across the spectrum, including private, institutional and REIT investors.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

Bobby Finch
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc., a licensed real estate broker.

  
Contact:

 Kimberly Steele
 JLL Senior Associate
 Public Relations 
Phone: +1 713 852 3420
Email:  Kimberly.Steele@am.jll.com

jll.com.