The Golden Girls' TV Home Up for Sale at $2.9 Million

The Golden Girls' TV Home, 245 North Saltair Avenue, Brentwood Neighborhood, Los Angeles, CA

Photo credit:  Brandon Valente, Brandon V Photography

 Source: www.elliman.com

BRENTWOOD, LOS ANGELES, CA -- For the first time in 65 years, welcome to the inside of the “Miami” home of TV’s The Golden Girls. 

Although the lush subtropical landscaping surrounding the home was in keeping with the Miami environment, the house itself was actually located in Los Angeles. 
 

Bea Arthur as 'Dorothy'

While we were convinced that the comedic adventures of Blanch, Dorothy, Rose and Sophia took place inside the home we knew so well from the outside, in fact it was a set and not the original house, according to TopTenRealEstateDeals.com.

Betty White as 'Rose'

Now we have the opportunity to see that the actual house is far larger in volume and is a mix of mid-century modern, Japanese and Hawaiian architecture cleverly designed to reap the most from the mild California climate. 

Rue McClanahan as 'Blanch'

 Now for sale by the estate of the original owner, The Golden Girls TV home is priced at $2.9 million.

Still going strong on cable television 28 years after the final episode, the sitcom that ran from 1985 through 1992 and won more awards than almost any TV comedy on record, revolves around three slightly-over-middle-aged women who find themselves single again, plus the elderly mother of one, who struggle to be viable in a youth-oriented world. 

Estelle Getty as 'Sophia'

Add the four strong characters, Dorothy, the sensible one, Rose, the innocent airhead, Blanch, the consummate man-crazy flirt and Sophia, the spry, sometimes too active mother of Dorothy, and their interactions between each other, and the script’s formula was a hands-down winner. 

The actresses: Bea Arthur, Betty White, Rue McClanahan and Estelle Getty each received at least one Emmy Award for their work on the show.

Little did we know that the real interior of The Golden Girls house had a completely different interior than that of the set.  Instead, the 2,901-square-foot, four-bedroom, four-bath Brentwood home has huge open rooms and tall vaulted ceilings enjoying the feeling of wide-open space, unlike the small-cozy rooms we came to know through the sitcom. 

Rachelle Rosten

Built in 1955, the Hawaiian architectural firm of Johnson and Perkins created a mid-century-modern home with Japanese and Hawaiian design vibes. 

Original design features include floor-to-ceiling glass, oak floors, sliding Japanese shoji screens eliminating the need for drapes, and a wonderful green-and-turquoise kitchen cheerfully displaying the epitome of a cool 1970’s look. 

The Hawaiian element brings the outdoors in with vanishing threshold and large covered patio with skylights to protect from the occasional raindrop.

For the first time in 65 years, the true interior of The Golden Girls sitcom house can be seen by the public. 

Now for sale and priced at $2.9 million, it is guaranteed to give the new owner many years of party-conversation topics.

  The listing agent is Rachelle Rosten of Douglas Elliman, Beverly Hills.

 CONTACT: 

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

The Babb Group Arranges $5.7 Million Sale of 5,636-SF Wawa Property in Gainesville, FL

Gainesville Wawa, 2373 SW Archer Road, Gainesville, FL

Shawn Rupp

GAINESVILLE, Fla., July 20, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Gainesville Wawa, a 5,636-square-foot net-leased property located in Gainesville, Fla., according to Chris Travis, regional manager of the firm’s Tampa office. The asset sold for $5,744,680.

The buyer, a private investor, was secured and represented by Shawn Rupp, Casey Babb, CCIM and Luis Baez, CCIM.

Casey Babb

“Our client was moving from a highly-intensive apartment asset in New Jersey and was looking to emulate a similar return in Florida,"  said Rupp.

"Although they own apartments locally, they were looking to transfer the proceeds from their New Jersey apartments into a low stress and no management asset.

"They chose this Wawa because of its close proximity to Shands Hospital and I-75 as well as being located on one of Gainesville’s most trafficked thoroughfares.”

Luis Baez

Gainesville Wawa, newly built in 2020, is located at 2373 SW Archer Road in Gainesville, Fla. Gainesville Wawa is located at 2373 SW Archer Road in Gainesville, Fla.

This Wawa is situated on 2.497 acres of land with full access of Archer Road and three ingress/egress access points along Old Archer Road.

CONTACT: 

Chris Travis

Regional Manager

 Tampa, FL

(813) 387-4700

 www.MarcusMillichap.com.

Native Realty Hired to Market Downtown Fort Lauderdale, FL Property with Significant Development Potential

FORT LAUDERDALE, FL, July 20, 2020 – Native Realty, the pioneering Fort Lauderdale-based commercial real estate firm, is marketing one of the last development sites on downtown Fort Lauderdale’s Federal Highway corridor for $12.5 million.

Firm Founder and CEO Jaime Sturgis is listing the 150 N. Federal Hwy. property.

 The 0.78-acre site is walking distance to many of the city’s most popular bars and restaurants on Las Olas Boulevard and in Flagler Village. It is just down the street from Virgin Trains USA’s Fort Lauderdale station.

Existing zoning potentially allows for hotel with up to 212 rooms, residential with up to 109 units or a 12-story mixed-use development.

 “You could not ask for a more well-positioned development site at the gateway to downtown Fort Lauderdale,” Sturgis said. “We anticipate substantial interest in this offering given the scarcity of such properties in the city’s urban core.”

150 North  Federal Highway, Fort Lauderdale, FL

Sturgis and Native’s Dan Ross are also exclusively marketing one of the last available land assemblages in Flagler Village. The 600, 614 and 618 NE Third Ave. and 313 NE Sixth St. assemblage is priced at $7.7 million and has zoning that allows for a wide variety of development up to 150 feet.

 CONTACT: 

Eric Kalis

Vice President

BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

www.nativere.com. 

NAI Hiffman Completes Six Office Leases at 26TWENTYFIVE Butterfield in Chicago Suburb of Oak Brook, IL

 26TWENTYFIVE Butterfield, a 45-unit office building located at 2625 Butterfield Road in Oak Brook,IL, in suburban Chicago.

Ryan Maher

OAKBROOK TERRACE, IL, July 20, 2020 — NAI Hiffman, the largest independent commercial real estate services firm in the Midwest, today announced it has completed six office leases totaling almost 45,000 square feet at 26TWENTYFIVE Butterfield, a 45-unit office building located at 2625 Butterfield Road in Oak Brook, Ill., in suburban Chicago.

Ryan Maher, senior associate with NAI Hiffman’s Office Services Group, along with executive vice presidents Dan O’Neill and Adam Johnson, represented building owner Clear Height Properties in lease negotiations with six tenants.

Daniel (Dan) O'Neill

 They are Apple Recovery Services Corp., The Centers for Family Change, Quattro Business Services, Medulla, Re-Direct Financial Services, Inc., and MedOP Solutions.

“26TWENTYFIVE Butterfield has been completely renovated from top to bottom; the number one driver of new or extended leases has been the building’s new amenities, which offer a fresh look with a downtown feel,” said Maher.

 “These companies believe the new urban look will assist in attracting and retaining employees, and they favor the location’s proximity to Chicago and strong labor pools in Oak Brook, Elmhurst, Villa Park and Lombard.

"The fact that three of the leases were signed during the onset of the pandemic attests to the building’s increasing popularity and appeal.”

Built in 1972 and previously renovated in 1991, 26TWENTYFIVE Butterfield is a three-story, 214,767-square-foot building located on 10 park-like acres.

 Adam Johnson

Clear Height acquired the building in 2018 and has since been investing in many capital improvements.

 Its upgraded common areas include a conference room, lobby, deli and fitness center as well as an outdoor space with a lounge area and on-site property management.

Suites are still available ranging in size from 600 to 22,000 square feet.

26TWENTYFIVE Butterfield is located between Interstate 88 and Butterfield Road, about 20 miles west of Chicago. It offers proximity to Oak Brook Mall and abundant dining, shopping, business services and hotels.

 CONTACTS: 

Patty Cronin, pcronin@taylorjohnson.com, (312) 267-4513

Gretchen Muller, gmuller@taylorjohnson.com, (312) 267-4511

www.hiffman.com.

JLL Capital Markets completes sale and financing for Triangle Apartments atop retail center in Austin, TX

Infinity Residences at The Triangle, an apartment community consisting of 529 units in North Central Austin, TX

 AUSTIN, TX, July 20, 2020 – JLL Capital Markets announced today that it has arranged the sale and financing of the Infinity Residences at The Triangle, an apartment community consisting of 529 units in North Central Austin, Texas.

Elie Rieder

 JLL completed the sale from the seller, Dinerstein Companies, to the buyer, Castle Lanterra Properties. JLL also worked on behalf of Castle Lanterra Properties to secure the 10-year, floating-rate loan through Freddie Mac.

 The loan will be serviced by Holliday Fenoglio Fowler LP, a JLL company and a Freddie Mac Optigo℠ lender.

 In 2017, HFF, now part of JLL, sold the property to Dinerstein Companies, which consisted of 80,000 square feet of retail below the apartments with a ground lease on the property.

Sean Sorrell 

 Between 2006 and 2008, a three-phase project was conducted to revamp some units and increase the square footage of the retail space to 110,000. The retail space is owned separately and not part of this sale.

 Recent unit upgrades to the apartment community, also referred to as “The Triangle”, include stainless steel appliances, Nest thermostats and other smart technology, updated and modern fixtures and restaurant-style undermount sinks.

 The Triangle, which is positioned on 23.15 acres, consists of six buildings totaling 553,648 square feet offering studio, one-, two- and three-bedroom units averaging 1,043 square feet.

"We are very excited to begin the next chapter of this truly superb residential community located in one of the most dynamic cities in the country," noted Elie Rieder, Founder and CEO of Castle Lanterra Properties.

 "In addition to our hands-on management and continued investment in the property, Triangle is well positioned to benefit from the numerous job producing sectors surrounding the property including, the University of Texas, Dell Medical School, the U.S. Army Futures Command, Texas Health and Human Services Commission’s new headquarters (expected to employ 2,500 people), as well as the biggest names in the technology industry."

 Ryan McBride

Austin has been ranked #2 for Best Job Market by Forbes and was ranked #1 Market for Real Estate Investment in 2020 by Emerging Trends in Real Estate and has had a recent surge in young professionals moving to the area due to this booming market. 

The apartments are positioned in a submarket with properties experiencing a 7.69% growth in renters over the past several years and a thriving local Austin economy.

JLL’s Capital Markets team representing the seller was led by Senior Managing Director Sean Sorrell and Director Ryan McBride. Managing Director Robert Wooten led debt coordination of the deal.

JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform. The division employs approximately 400 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors.

Robert Wooten

 JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.

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

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 our 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.

 CONTACT:

Natalie Passarelli
Public Relations

Jones Lang LaSalle Americas, Inc.

200 E. Randolph St.
Chicago, IL 60601

M +1 224 477 7307

natalie.passarelli@am.jll.com

us.jll.com/investorservices

New Jersey property gets construction financing for redevelopment

Rendering of a 25,000-square-foot mixed-use building with 11 luxury apartments at 104 Baker Street in downtown Maplewood, NJ

MORRISTOWN, NJ, July 20, 2020 – JLL Capital Markets announced today it has arranged construction financing for Iron Ore Properties for the development of a 25,000-square-foot mixed-use building with 11 luxury apartments at 104 Baker Street in downtown Maplewood, New Jersey.

Michael Klein 

 JLL worked on behalf of Iron Ore Properties to place the three-year loan with Provident Bank.

 JLL’s Capital Markets Debt Placement team representing the borrower was led by Senior Managing Director Michael Klein and Associate Max Custer.

“With very few developable sites in downtown Maplewood, 104 Baker Street presents an outstanding opportunity to deliver new apartments and commercial space to a vibrant community,” stated Custer. 

“Despite the ongoing COVID-19 environment, the project’s outstanding fundamentals allowed JLL to secure competitive development financing on behalf of the borrower.”

 104 Baker Street is located in the heart of Maplewood’s vibrant downtown corridor and is just a quarter mile from the NJ Transit Train Station.

Max Custer

The proposed development will include 11 luxury apartments and approximately 3,500 square feet of retail and parking.

Upon completion, the building will significantly exceed LEED standards and feature condominium-style finishes including expansive windows, stainless steel appliances, recessed lighting, modern cabinetry and quartz countertops, among other new, modern finishes. 

 Residents will also benefit from an expansive indoor/outdoor rooftop terrace and immediate access to Maplewood’s active commercial district which is home to a variety of boutique shops and first-class restaurants.

 CONTACT:

Natalie Passarelli
Public Relations

Jones Lang LaSalle Americas, Inc.

200 E. Randolph St.
Chicago, IL 60601

M +1 224 477 7307

natalie.passarelli@am.jll.com

us.jll.com/investorservices

Hanley Investment Group Arranges Sale of Mixed-Use Community Center in Affluent Indianapolis Suburb

Dylan Mallory

FISHERS, IN -- Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm, announced today that the firm has completed the sale of a mixed-use community center in Fishers, Indiana, an affluent northern suburb of Indianapolis. 

This sale marks Hanley Investment Group’s third transaction in the state of Indiana in the last five months, for a total consideration of $12.25 million.

Hanley Investment Group’s Dylan Mallory and Corey Olson represented the Toledo-based seller and developer, Republic Development.  The buyer, a private investor based in Bloomington, Indiana, was self-represented in the transaction.

Built in 2007, the Bonn Building sits on 2.32 acres and is located on East 131st Street near Olio Road in the heart of Saxony, a 3.5 million-square-foot office and industrial development spanning both south and north of Interstate 69.

Built in 2007, the Bonn Building sits on 2.32 acres and is located on East 131st Street near Olio Road in the heart of Saxony,
 a 3.5 million-square-foot office and industrial development 

 The property is also located within the high-growth residential community of Saxony Village, which includes single-family homes, townhomes and apartments.

The Bonn Building was 92% leased at the time of sale and features a complementary mix of service-based, retail, food service, healthcare and traditional office tenants that serve the immediate surrounding community.

Corey Olson

“Fishers is one of the most affluent areas in the state of Indiana,” said Mallory. “Nearby residents have tremendous spending capacity with average household incomes of $155,000.

Business Insider recently ranked Fishers as one of the best suburbs to live in America. 

With its close proximity and easy access to downtown Indianapolis, Fishers is primed for continual population and economic growth.”

Olson adds that the population within a three-mile radius of the property has grown 33% since 2010 and is projected to grow another 23% by 2023, making it one of the fastest-growing submarkets in Indiana.

Fishers currently has an estimated population of 95,310 and is the sixth-largest city in Indiana.

CONTACT:

 Dylan Mallory
Hanley Investment Group
844.585.7678

www.hanleyinvestment.com.