Ware Malcomb Announces Construction Completed on Historic Renovation of Paradise Theatre in Toronto

Paradise Theatre, 1006 Bloor Street West,Toronto, Ontario, Canada

TORONTO, Ontario, Canada (April 20, 2020) – Ware Malcomb, an award-winning international design firm, today announced construction is complete on the historic renovation of Paradise, located at 1006 Bloor Street West in Toronto, Ontario.

Ware Malcomb’s Vaughan office provided architecture and interior design services for the project.

Originally opened in 1937 in Toronto's Bloorcourt neighborhood, the heritage-designated Paradise building recently reopened following the highly anticipated renovation.

Frank Di Roma

 The project involved converting the existing theatre into a multi-functional venue including a theatre, restaurant and bar. 

In addition to offering a curated mix of newly released films, older classics, undiscovered gems, themed seasons and event cinema.

 “We are proud to play a part in continuing Paradise’s incredible legacy for the next century,” said Frank Di Roma, Principal of Ware Malcomb’s Canada operations, including offices in Vaughan and Toronto.

“In redesigning the space as a fully functional theatre, restaurant and bar, the new Paradise has solidified its landmark status in Toronto.”

The General Contractor for the project is Northern Structures Limited.

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

Visit paradiseonbloor.com and follow Paradise on Instagram, Twitter and Facebook.

(paradiseonbloor.com)

Ware Malcomb Vaughan

180 Bass Pro Mills Dr, #103

Vaughan, ON L4K 0G9, Canada 

p. 905.760.1221

Ware Malcomb Toronto

250 University Ave, Suite 235

Toronto, ON M5H 3E5, Canada 

p. 437.537.5200

CONTACTS:

Rachel Devany

VP Public Relations, KCOMM for Ware Malcomb

Rachel@kcomm.com 

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

Beach Boy Mike Love’s Mansion in Rancho Santa Fe, CA, Priced at $8.65 Million, Has Everything -- Except a Beach!

Mike Love's California Estate Up for Sale at $8.65 million

  

Photo credit: Scott Basile                    Source: lindasansone.com

Mike Love

Rancho Santa Fe, CA -- Still touring and giving motivation to another generation of those who dream about having Fun, Fun, Fun with one eye out for the next good wave and the other on bikinied California Girls, The Beach Boys’ last original member, Mike Love, is still touring and belting out the Good Vibrations songs at age 79.

Al Jardine 

Love, co-writer of many of the songs that were the California Sound and lead vocalist, is selling his Rancho Santa Fe, California estate now that he spends his off-the-road time at his home at Lake Tahoe. It is priced at $8.65 million.

The Beach Boys

Love first appeared with his three cousins Brian, Carl and Dennis Wilson and friend Al Jardine as a musical group in the summer of 1961 under the name The Pendletones, but discovered that their name had been changed to The Beach Boys on their first single, Surfin.

The Beatles

Late that year, Surfin hit the Top 40 on local and later the national Billboard charts, the beginning of the California Sound, according to

Prolific songwriters, mostly Brian and Mike, the group stood out for its staying power, even during the onslaught of The Beatles.

The Beach Boys' Surfer Girl Album Cover Photo

It also put California, particularly Southern California, on the map of imagination full of sunny days, good waves and pretty girls far better than the state’s Chamber of Commerce. 

Surfin’ USA, Surfin’ Safari, Surfer Girl and other great beach songs and movies soared in popularity during the 1960s. But the group, with their own unique, easygoing sound, continued to attract new fans long after the surf culture had run its course.

Mike Love mansion interior

Over the years, music historians have studied The Beach Boys’ stability, staying power, and their ability to attract new fans.

 In 1988, the group was inducted into the Rock and Roll Hall of Fame.

With many ups and downs for members of the group over the years, since 1998, Love has been the sole licensee of The Beach Boys’ name and the only one who can legally use it on tours, although all the members share in the profits.

A health-conscious vegetarian and fan of daily meditation, Mike is still wowing the group’s faithful followers. Now living at Incline Village, Nevada, he is selling his stunning California estate.

High on a hill overlooking the mountains, ocean, city and golf courses on 3.5 acres, Love’s 17,515-square-foot mansion is located on one of the best plots in the gated community of Fairbanks Ranch.

Much like a private resort, who needs a beach when you have a pool that encircles a spa that feels like being on a private island accessed by a bridge?

The tropical grounds also have a swim-up bar, fire pit and tennis court - all with staggering long-distance views. Inside rooms are vast and surfaced with elegant finishes.

There are eight bedrooms, nine baths, a chef’s eat-in kitchen where many people can join in the cooking with plenty of room to spare. It also opens to a large terrace.

The foyer has two curving stairs open to the upper floor; the formal rooms are large with fireplaces and from the master suite’s walls of glass the view seems to take in the entire state.

Built for grand or informal entertaining, there is also a complete outdoor kitchen. The upper terrace overlooks the pool terrace with a tropical path to the tennis court and lockers below.

Though it may not have a beach, there is plenty of water including a three-tiered fountain that was designed after the fountains of Villa d’Este in Lake Como, Italy.

Linda Sansone 

Legendary co-founder of The Beach Boys and lead vocalist, Mike Love, is selling his glamorous Southern California mansion. Priced at $8.65 million, the listing agent is Linda Sansone of Willis Allan Real Estate, Rancho Santa Fe, California.

CONTACT:

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

 

Marcus & Millichap Brokers $825 Sale of 11-Unit Apartment Building in Tallahassee, FL

 

Hayden Villas, an 11-unit apartment property located in Tallahassee, FL

Michael C. Steiner

TALLAHASSEE,  FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Hayden Villas, an 11-unit apartment property located in Tallahassee, FL, according to Chris Travis, regional manager of the firm’s Tampa office. The asset sold for $825,000.

Michael C. Steiner, Casey Babb, CCIM, Luis Baez, CCIM and Shawn Rupp, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.

Casey Babb

 The buyer, a private investor, was sourced out of California by the same brokers.

"By utilizing the Marcus and Millichap platform and a targeted email campaign, our team was able to procure a first-time multifamily buyer out of California and closed the deal at 97% of list price," said Steiner.

 "We were able to overcome multiple hurdles, including the Coronavirus Pandemic, in order to get this deal across the finish line at a T-12 CAP rate of 6%,"

Luis Baez

            Hayden Villas is located at 414 Hayden Road in Tallahassee, Fla. and is just 0.5 miles south of the Florida State University Campus and less than two miles to the State Capitol Building.

           Hayden Villas offers a true pedestrian-to-campus location and is located within walking distance (three blocks) of Florida State University, offering convenient access to the Campus' academic buildings, facilities and Doak Campbell Stadium. 

Florida A&M University is less than one mile from the property and is home to 10,000 students.

 Shawn Rupp,

           Florida State University has a current enrollment of nearly 42,000 students and has continued to experience record-setting growth. 

CONTACT:

Chris Travis

Regional Manager 

Tampa, FL

(813) 387-4700

Marcus & Millichap Arranges $9.8 Million Sale of Two Fort Walton Beach, FL Properties

James Medefind 

FORT WALTON BEACH, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Choctaw Plaza, a 93,650-square foot retail property and Compass Bank, a 3,346-square foot net-leased property located in Fort Walton Beach, Fla., according to Chris Travis, regional manager of the firm’s Tampa office. The assets sold for $9,840,000.

James Medefind and Cory Gross, investment specialists in Marcus & Millichap’s Tampa and Denver offices, had the exclusive listing to market the property on behalf of the seller, a private investor. 

The buyer for Compass Bank, an individual/personal trust, was secured and represented byMedefind, Evan Cannan and  Gross. The buyer for Choctaw Plaza, an individual/personal trust, was also secured and represented by Medefind and Gross.

Cory Gross

“We sourced 7+ offers internally for the asset and were able to maximize returns for our client by breaking up the property and selling the inline retail center and bank outparcel to different buyers," says Gross.

"Through our marketing process, we discovered that buyers were willing to pay a premium for the net leased Compass Ground Lease out-parcel. 

"The fact that we were able to close on this shopping center in such difficult economic times Post-Covid-19 is a testament to the strength of this shopping center and the essential retailers that make up the center including GSA, Big Lots, Dollar General, Baptist Physician Group and many others.” 

Evan Cannan 

Choctaw Plaza is located at 111 Racetrack Road NW in Fort Walton Beach, Fla. 

The Big Lots anchored shopping center is 89 percent leased with an attractive mix of national and local tenants including Dollar General, Rent-A-Center, Coldwell Banker, Little Caesars, the Department of Juvenile Justice, the Department of Juvenile Justice, and the U.S. General Services Administration.

Compass Bank is located at 101 Racetrack Road NW in Fort Walton Beach and is an outparcel to a 93,650-square-foot Big Lots anchored shopping center.

Choctaw Plaza and Compass Bank are situated on busy Racetrack Road, which exposes the property to over 28,500 vehicles per day. 

Racetrack Road is also home to many national retailers and restaurants, such as Publix, Pizza Hut, Domino's Pizza, Advance Auto Parts, O'Reilly Auto Parts, Maaco Collision Repair, Wells Fargo Bank, Tropical Smoothie Cafe, Wendy's, Burger King, Waffle House and Walgreens.

Choctaw Plaza, 111 Racetrack Road NW, Fort Walton Beach, FL

           Both properties benefit from being located directly across the street from Choctawhatchee High School. With over 1,600 students enrolled, it is the only school in Okaloosa County to offer the International Baccalaureate Diploma Program.

 Choctaw Plaza and Compass Bank are also only 10 minutes away from Eglin Air Force Base, which employs over 8,500 civilians, 4,500 military personnel and has over 8,000 residents. The abundance of retail and restaurants on Racetrack Road make it a convenient destination for both military and civilians that work or live near the base.

 Compass Bank, Fort Walton Beach, FL

Fort Walton Beach is located between Pensacola and Panama City along north Florida's Gulf Coast and has a population that is more than eight times as dense as the Florida average. 

Visitors are attracted to Fort Walton Beach for its white sand beaches and calm emerald waters. Other attractions include golf courses, family-friendly resorts, parks, museums and aquariums.    

CONTACT:  

Chris Travis

Regional Manager

 Tampa, FL

(813) 387-4700               

B+E lists the Codale Electric Distribution property in Price, Utah for $4.2 million

Codale Electric Distribution property, Price, UT

SAN FRANCISCO, CA, April 20, 2020 -- B+E, the first brokerage and technology platform for net lease real estate, announced the listing of the Codale Electric Distribution property located at 50 East 1300, Price, Utah for $4,200,000.

The property is +/- 25,860 square feet and sits  on +/- 1.75 acres of land with extra storage and is listed at an initial cap rate of 6.25%.  There are approximately seven years remaining on the lease with 3% rent escalations every year.

“Electrical distribution companies are deemed an essential business in times of crisis as they provide critical power distribution supplies and equipment,” said Spencer Henderson with B+E. 

Spencer Henderson 

 “Additionally, the growth of the e-commerce industry has been a catalyst for an overall increase in industrial asset investment sales.”

Codale Electric Supply has been operating its Price, Utah branch since 1995, and currently operates fourteen branch locations carrying the largest inventory in the western region.

In 2012, Codale was acquired by Sonepar (A2 credit rating), a global market leader in B-to-B distribution of electrical products with sales of $24.4 billion.

For more information, contact Spencer Henderson at shenderson@benetlease.com, or go to www.benetlease.com

 Contact:

John Vita

John Steven Vita Communications

John.vita@jsvcom.com

847/853-8283