Castle-Designed, 30,843-SF Billings, MT Home Going for $14 Million

The 30,843-square-foot home on 100 acres is resplendent with the usual castle-type features including a turret, moat and drawbridge. 

Johnny Depp

BILLINGS, MT -- Europe has several thousand castles but only a few in the United States. 

Though most of the European structures are centuries old, America’s are fairly new in comparison and a newer one has recently been built in Billings, Montana. 

The 30,843-square-foot home on 100 acres is resplendent with the usual castle-type features including a turret, moat and drawbridge. 

It also has every conceivable amenity for modern living and entertainment, even a bowling alley, according to TopTenRealEstateDeals.com.

 Recently completed, it is now for sale at $13.95 million.  

Denis Quaid

The Montana castle is well located on a hill with views over the city with vast public rooms, 10 bedrooms and 19 baths, a paved motor court with 14 garages, multiple kitchens and much more. 

All with the castle vibe and a touch of western U.S.  Not much more than a stone’s throw to downtown Billings, the castle’s entertainment options include an indoor shooting range, two-lane bowling alley, fitness center, yoga room, golf simulator and several indoor-and-outdoor swimming pools including a swim-up bar.

Tom Brokaw

Although few in numbers, some of America’s most famous homes are castle-like structures including the Hearst Castle in California, Biltmore in North Carolina, Berkeley Castle in West Virginia and Bettendorf Castle in Illinois. 

Dawn Maddux

Though the country fought the Revolutionary War to escape the oppressive rule of royalty, its romantic fairytale image still lives in the minds of adults whose imaginations were whetted by childhood storybooks about princesses and knights.

David
Letterman 

Michael
Keaton

Over the last ten years, Montana has become a hot spot for celebrity homes including  Johnny Depp, Denis Quaid, Tom Brokaw, David Letterman who owns two ranches and Michael Keaton. 

The Billings castle's listing agent is Dawn Maddux of Engel & Volkers Western Frontier, Missoula.

CONTACT:

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

Photo credit:  Engel & Volkers

Source: westernfrontier.evrealestate.com

Arbor Funds $3.9 Million Freddie Mac SBL Loan in Union City, NJ

  

 Jade Apartments, Union City, NJ,  is comprised of one- and two-bedroom residential units.

 UNIONDALE, NY, July 14, 2020 – Arbor Realty Trust, Inc. (NYSE:ABR) a leading multifamily and commercial mortgage lender, recently funded a Freddie Mac Small Business Loan in Union City, NJ. Jade Apartments received $3.9M in acquisition financing through the program.

James Fiesel of Arbor’s New York City office originated the loan.

“Through our partnership with Freddie Mac, we were able to provide a seamless and successful experience for our borrower, despite the complexities of the current environment. This allowed our client to secure a beautiful property in conveniently located Union City, NJ,” Fiesel said. 

James Fiesel

Built in 2008 and renovated in 2016, Jade Apartments is comprised of one- and two-bedroom residential units. The midrise multifamily property features hardwood floors and ultra-modern kitchens with stainless steel appliances and Italian marble countertops. Public transportation, shopping, dining and entertainment are nearby.  

CONTACT:

Bina Handa

Tel: 516.506.4229

bhanda@arbor.com

Arbor Realty Trust, Inc.

333 Earle Ovington Blvd, Suite 900

Uniondale, NY 11553

800.ARBOR.10

arbor.com

Fogelman Partnership Completes Acquisition of 334-Unit Multifamily Community in Lithia Springs, GA

Fields Waterford Point offers one, two, and three-bedroom apartment homes with rental rates ranging from $750 to $1,300.

 ATLANTA, GA, JULY 14, 2020 -- Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of Fields Waterford Point, a 334-unit multifamily community located in Lithia Springs, Ga.

Developed in three phases from 1989 to 1992, Fields Waterford Point offers one, two, and three-bedroom apartment homes with rental rates ranging from $750 to $1,300.

Mike Aiken

The newly acquired property will undergo a planned rebrand to 670 Thornton in conjunction with community upgrades, including renovations to all unit interiors and community enhancements across the common area amenities. 

Fogelman acquired Fields Waterford Point through a joint venture with New York-based DRA Advisors. 

Since 2003, the Fogelman-DRA partnership has acquired 31 multifamily communities totaling more than 10,000 apartment homes, with an aggregate value of more than $1 billion.

"The asset was previously performing below the market occupancy level. We're now off to a strong start and have experienced meaningful growth in the first 45 days of ownership, despite closing this transaction during the pandemic,” says Mike Aiken, SVP of Investments for Fogelman Properties.

“670 Thornton marks our fifth acquisition in the Atlanta market in the last 18 months. It’s another opportunity for our operational team to enhance asset performance as part of the repositioning strategy for the community.”  

CONTACT:

Brittanie Price

 BCENE Public Relations

bprice@bcenepr.com

703.967.4771

www.fogelman.com  or follow on Facebook, Twitter and Instagram.

www.draadvisors.com.

The Keyes Company Names Experienced Real Estate Executive Alberto Carrillo District Sales Manager of Firm’s Miami Beach Office

Alberto Carrillo

MIAMI, FL – The Keyes Company announces the addition of seasoned real estate executive Alberto Carrillo as District Sales Manager of the firm’s Miami Beach office.

 In his new role, Carrillo oversees a team of 90 sales associates based in the Lincoln Road office.

Before joining the Keyes Miami Beach office, Carrillo served as Vice President of RelatedISG International Realty. In six years at RelatedISG, Carrillo helped grow the firm from 75 to more than 550 agents producing $500 million in sales volume in 2019.

He led RelatedISG’s expansion into its flagship office in Miami’s Edgewater neighborhood, implemented sophisticated training programs and technology and centralized the firm’s back office operation.

Carrillo currently serves as President of the MIAMI Association of Realtors’ Residential Board of Governors and as a Director for the National Association of Realtors.

Keyes has operated its Miami Beach office for more than 60 years.

“This is a tremendous addition in a critically important market for our firm,” said Keyes President and CEO Mike Pappas. “Alberto is a dynamic leader, not just at the firms he has worked for but in the broader real estate industry.”

For Carrillo, the new role represents a homecoming. Prior to his time at RelatedISG, Carrillo spent four years at Keyes focusing on building relationships, creating development deals in the commercial sector and maintaining year-over-year increases in residential sales volume.

Mike Pappas

“I am thrilled to assume this important position with Keyes in the heart of one of the most dynamic markets in the country,” said Carrillo.

 “I look forward to working with a talented and dedicated group of Associates and leveraging the firm’s unparalleled technology and marketing infrastructure to aggressively grow the Miami Beach office.”

For more information about Keyes’ Miami Beach office, visit https://miamibeach.keyes.com/.

  CONTACTS:

Eric Kalis

 BoardroomPR

ekalis@boardroompr.com

954-370-8999

Daniel Benjamin

Senior Account Executive

 BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

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Evergreen Devco acquires regional Phoenix-area retail center

Chandler Pavilions, a 163,594-square-foot, high-traffic, value-add, regional retail center situated on 17.97 acres at 800-890 North  54th Street in Chandler, AZ

 PHOENIX, AZ – JLL Capital Markets announced it has closed the sale of Chandler Pavilions, a 163,594-square-foot, high-traffic, value-add, regional retail center located in Chandler, Arizona.

JLL marketed the property on behalf of the seller, Invesco Real Estate, a global real estate investment manager. Evergreen Devco, Inc. purchased the asset in cash, free and clear of any debt. 

Patrick Dempsey 

Chandler Pavilions welcomes approximately three million visitors annually and is in the top 10 percent of busiest retail centers in Arizona.

The property is 72 percent leased to a complementary mix of top-tier national and regional tenants and is shadow anchored by a grocery tenant.

Situated on 17.97 acres at 800-890 N. 54th St., the center is adjacent to Interstate 10, exposing the property to more than 135,000 vehicles per day, and is located just off Ray Road, which has traffic counts of approximately 40,000 vehicles per day.

Additionally, Chandler Pavilions’ location in a dense, affluent area puts it within 96,135 residents earning an average annual household income of nearly $110,000 living within a three-mile radius.

The JLL Retail Capital Markets team was led by Managing Directors Patrick Dempsey and Gleb Lvovich.

Gleb Lvovich

“Retail Investment sales are difficult in the era of COVID-19 due to tenant occupancy issues and rent deferral agreements,” Dempsey said. “But in this case, both the buyer and seller worked flawlessly together to complete this transaction.”

“Despite the headwinds in the retail space, we are seeing significant capital flows into the space and robust offer activity for the right asset at the proper risk adjusted returns, like Chandler Pavilions,” Lvovich added.

For more news, videos and research resources on JLL, please visit our newsroom.

  CONTACT:

 Kimberly Steele

JLL Senior Associate

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

storage-mart.com.

invesco.com.

 evgre.com 

 jll.com.