Trophy Beverly Hills Mansion, once listed at $20.5 million, now on auction block

Mediterranean-styled Beverly Hills mansion, in Beverly Hills Flats, once priced at $20.5 million

Photo credit: Concierge Auctions    Source: www.conciergeauctions.com

  

Donna Reed

Easy to imagine oneself in a Garden of Eden or exotic country in this Old World, Mediterranean-style mansion in the Beverly Hills Flats neighborhood that looks like a luxury jungle retreat, but it is only steps from the Beverly Hills Hotel. 

Courtney Cox 

Draped deeply in foliage from its walled entrance to heavily vined house walls and thickly planted landscaping, it is walking distance to Rodeo Drive shopping and restaurants. 

Shirley MacLaine

The neighborhood’s leafy, curvy streets and expensive estates have attracted a long list of illustrious residents over the years including Donna Reed, Dean Martin, Courtney Cox and Shirley MacLaine, according to  TopTenRealEstateDeals.com.

Dean Martin

Previously listed at $20.5 million, the home is going to no-reserve auction on April 15th.

Through palms, stands of bamboo and ferns, the entrance opens to a grand, bright white modern foyer where the dramatic, curved staircase with its unique sculptural railing is the centerpiece.

Entrance to mansion

 The decor scheme throughout is centered around a base of dark mahogany-wood floors with a glassy high sheen, white walls, beamed vaulted ceilings, French doors and large windows with jungle-garden views. 

Architectural details and rich materials exist in each room including walls finished by Italian artisans with gold-and-nickel dust for color and shine, a gold-accented bath, huge chef’s kitchen with onyx countertops, and a large terrace with an outdoor living room and fireplace, an outdoor kitchen and pizza oven. 

Oenophiles will appreciate the 5,500-bottle-wine room and those who prefer to take their spirits outside in the mild climate can enjoy lounging in the shade of the loggia or in the sunshine by the pool and spa. 

There are eight French-style fireplaces with large fireboxes to view the flames.

The ivy-covered estate with guest house sits on just over a half acre, has 10,630 square feet of living area and comprises six bedrooms, seven baths, master suite with fireplace and two balconies, a library and office. 

Previously listed at $20.5 million, it will be going to auction April 15 through Concierge Auctions.

  

CONTACT:

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

JLL arranges $18.85 million loan for Denver apartment project

Rendering of planned Bloom at Cherry Creek Apartments, Denver, CO

DENVER, CO – JLL Capital Markets announced it has arranged $18.85 million in financing for the development of Bloom at Cherry Creek, a 111-unit, Class A mid-rise apartment property currently under construction in Denver’s Cherry Creek submarket.

JLL worked on behalf of the borrower, Botnick Realty, to secure the five-year, fixed-rate construction loan through a regional bank.

Bloom at Cherry Creek is being constructed on a 1.11-acre site at 4700 E. Kentucky Avenue, which provides immediate access to recreation amenities, including the Cherry Creek Bike Path and Infinity Park, as well as nearby access to the Cherry Creek North shopping district. 

Kristian Lichtenfels

Due for completion in mid-2021, the five-story, podium-style property will total 70,733 rentable square feet across a mix of studio, one- and two-bedroom units finished with white Shaker cabinets, quartz countertops, stainless steel appliances, luxury flooring and in-unit washers and dryers. 

Amenities will include a rooftop deck with firepit, grilling station, community kitchen, game room, fitness center and workstations.

The JLL Capital Markets team representing the borrower included Senior Directors Kristian Lichtenfels and Matt Steffen.

Matt Steffen

“We see Bloom at Cherry Creek as Botnick Realty’s next great opportunity to expand on our investment strategy in and around Denver, said Brian Botnick, Managing Member of Botnick Realty. 

“We are excited to grow our platform and continue building our team with a focus on providing quality residential communities.”

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

About Botnick Realty:

For four generations and over 70-years, the Botnick Family has been building, selling, investing in and maintaining residential and commercial real estate. 

 Brian Botnick

The company started in the 1940’s as a scattered-site custom home builder and began building multifamily communities in the 60’s, many of which remain in their 2,000+ unit portfolio today.

 Over the last 10 years, Botnick Realty has built a presence of over 600-apartment units in Colorado, providing a solid foundation for future growth in the state, while maintaining a strong presence in Ohio and Georgia.

Contact: 

Olivia Hennessey

 JLL Senior Associate

 Public Relations

Phone: +1 713 852 3403

Email: Olivia.Hennessey@am.jll.com

jll.com.

JLL arranges refinancing for Philadelphia retail center

Penrose Plaza, a 263,847-square-foot, grocery-anchored shopping center in Philadelphia, PA, is anchored by ShopRite, the dominant grocery anchor in the region. 

PHILADELPHIA, PA – JLL Capital Markets announced it has arranged a refinancing for Penrose Plaza, a 263,847-square-foot, grocery-anchored shopping center in Philadelphia, Pennsylvania.

JLL worked on behalf of the borrower, a joint venture between Onyx Equities and Siguler Guff, to place the five-year, fixed-rate loan with AXA Equitable Life Insurance Company.

 Steve Klein 

 Loan proceeds, which include an initial and future funding, will be used to refinance an existing loan and finish implementing the borrower’s value-add business plan.

Penrose Plaza is anchored by ShopRite, the dominant grocery anchor in the region. 

ShopRite recently extended its lease and expanded its footprint at the center, which is also home to a diverse roster of mostly service-oriented, restaurant and internet-resistant tenants such as dd’s DISCOUNTS, Planet Fitness, Dollar Tree, Citi Trends and Subway. 

Situated on 30 acres at 2900-3000 Island Ave., Penrose Plaza is in South Philadelphia, approximately six miles from Center City in an exceptionally dense trade area with a population of 147,560 within a three-mile radius. 

The retail center has direct access to some of the most heavily traveled thoroughfares in the region and benefits from proximity to the large employee bases at Philadelphia International Airport, University of Pennsylvania, the Navy Yard and more.

Ryan Ade

The JLL Capital Markets debt placement team was led by Managing Director Steve Klein and Senior Managing Director Ryan Ade.

“JLL is grateful to have had the opportunity to work alongside Onyx Equities, Siguler Guff and AXA Equitable Life Insurance Company on this transaction,” Klein said. 

“The borrower has greatly enhanced the shopping center since taking ownership, and we are looking forward to the completion of their value-add business plan, which will further improve the property for both shoppers and tenants alike.”

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

Contact:

 Kimberly Steele
JLL Senior Associate
 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 jll.com.

Downtown Aspen Penthouse Sold for Record $11.2 Million

Aspen Penthouse Winter Destination of the Rich and Famous

Photo credit: Douglas Elliman                  Source: my.flexmls.com

  

ASPEN, COLORADO -- In the middle of all the Aspen action and the year-round Rocky Mountains scenery, winter skiing and summer hikes, an Aspen penthouse has just sold for $11.2 million - the highest recorded penthouse sale in Aspen so far in 2020.

Goldie Hawn

Ute City, now known as Aspen, was a silver-mining town that was routinely attacked by the Ute Indian tribe over land issues. A booming mountain town by the late 1800s with businesses, banks, hotels and restaurants.

 However, the government’s on-again, off-again love affair with the precious metal brought Aspen to its knees by the 1930s when the town was on the verge of becoming a ghost town, according to TopTenRealEstateDeals.com

That year, a group of investors looked over the crumbling town noting two good assets: lots of snow and many vacant businesses and homes.

        John Denver

According to Savills, Aspen is now the most expensive ski town in the world, home to Billionaire’s Mountain where the town’s richest residents including Wal-Mart and Amazon families have their ski villas.

The property is ideally located in the middle of the city’s best galleries, shops, restaurants and taverns and only a two-block stroll to the Aspen Ski Club at the entrance to the slopes,

Kurt Russell

The Hyman Avenue penthouse has three bedrooms, four baths, a two-car garage, private entrance, large deck with hot tub and a rooftop sundeck with unobstructed and stunning mountain views.

Crisp and contemporary throughout, surfaces sport the latest in upscale materials, fixtures and appliances. Designed on an open plan with walls of glass and a welcoming fireplace, entertaining is a breeze and can spill out onto the large wrap-around deck and upstairs to the roof deck and night town lights.

Kevin Costner

Aspen is full of both quirky and elegant charm that draws year-round tourists and wealthy home buyers at prices that range from reasonable to very, very expensive.

Mountain hikes among the wildflowers, art gallery hopping, lunch with friends at a quaint eatery and entertaining in one’s own holiday home where the animated topic of conversation is often the winter skiing and summer concerts and festivals.

 Joshua Saslove 

Attractions include the Silver Queen Gondola ride to the top of Aspen Mountain, the Aspen Art Museum and the John Denver Sanctuary. Frequent celebrity sightings include residents Goldie Hawn, Kurt Russell and Kevin Costner.

The Downtown Aspen penthouse listing was held by Joshua Saslove and Riley Warwick of Douglas Elliman.

CONTACT:

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