Sunday, September 20, 2020

Britney Spears Mansion in Beverly Hills on Market Again at Discounted Price

 

Britney Spears

 The Summit at BEVERLY HILLS, CA -- Baby One More Time when it comes to the former Britney Spears mansion in Beverly Hills to change hands. 

 

 It was the home she bought in 2007 in The Summit after her divorce from Kevin Federline, where she could find privacy in the gated-and-guarded community. 


Kevin Federline

 

 Britney sold it in 2012 at a $2 million loss.  Previously on the market in 2018 at $9 million, it is now listed considerably lower at $6.8 million.

 The Old World vibe of the Italianate villa-style home is still warm and inviting, and from the look of its upbeat modern interior, seems to have improved with a few years of maturity.

Gwen Stefani

 Built in 2001 and measuring in at almost 7,500 square feet, the rooms are large and airy and open to take advantage of the mild climate. 

 The interior opens into a grand foyer dressed in a huge chandelier with glimpses of the second floor that overlooks the entry. 


Ariana Grande

 

 A few steps inside reveal the wrought-iron banister leading up the stairs that continues across the second-floor opening that acts as a large catwalk, also with views over the formal living room with its impressive fireplace. 

 

Crisp, white and bright, with clerestory windows adding even more light, it is a perfect backdrop for art, special antiques and statement-making potted trees. 

 

Additionally there is the formal dining room, chef’s kitchen open to a large family room that opens to the pool deck and thick privacy hedges. 


Jennifer (J-Lo) Lopez


There is a cheerful breakfast nook with built-in seating that is surrounded by windows on three sides.  The six bedrooms and seven baths include a master suite with its own private balcony and fireplace, sumptuous bath and large paneled walk-in dressing room/closet. 

 

There is also an office, a media room and multiple entertaining venues both inside and out.


Britney Spears Mansion at The Summit in Beverly Hills, CA 

 

The Summit has been the choice neighborhood for elite entertainers who want a paparazzi-proof location where they can mingle with their peers and their children can play peacefully away from curious onlookers. 

 

It has been home to Gwen Stefani, J-Lo, Ariana Grande and Britney. The Biebers were recently seen house hunting there.



Justin Bieber
 

The Beverly Hills mansion that Britney Spears purchased in 2007 after her divorce from Kevin Federline and lived in until 2012, is on the market. 

 

Priced at $6.8 million, Bravo’s Million Dollar Listing’s Matt and Josh Altman of Douglas Elliman Real Estate, Beverly Hills hold the listing.

 

CONTACT:

 

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  434-480-4504

Twitter:  @toptenrealestat
facebook.com/toptenrealestat  



Photo credit of Mansion: Christopher Amitrano, courtesy of Douglas Elliman

Source: thealtmanbrothersteam.elliman.com

 

 

Marcus & Millichap Brokers $4 million Walgreens site sale in Orlando, FL

 

Karly Iacono

ORLANDO, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Walgreens, a 16,472-square foot net-leased property located in Orlando, FL, according to James McGuckin, regional manager of the firm’s New Jersey office.

  The asset sold for $4,041,420. 


Ryan Nee

 Karly Iacono, First Vice President Investments in Marcus & Millichap’s New Jersey office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. 

Ryan Nee
The buyer, a limited liability company, was also secured and represented by Iacono. Ryan Nee, Broker of Record in FL, assisted in closing this transaction.

 The deal was structured as a zero cashflow leasehold interest. Despite the complex deal structure, Iacono was able to achieve 100 percent of list price.

  “As high leverage becomes harder to come by in today’s debt markets, zero cashflow opportunities are seeing a resurgence in demand,” Iacono said.

  “Couple that with the focus on investment grade tenants under long term leases and these types of deals check a lot of boxes for investors.”

James (Jim) McGuckin

 Walgreens is located at 11018 International Drive in Orlando, FL. The subject property is located across from SeaWorld Orlando and its complementary parks Discovery Cove and Aquatica.

 Orlando calls itself the theme park capital of the world and reportedly draws in more than 75 million annual visitors. 

 CONTACT:

                                                       

James McGuckin

Regional Manager, New Jersey

(201) 742-6100

 New Jersey Broker of Record

Brian Hosey
 

www.MarcusMillichap.com.

t NAI Realvest | Charles Wayne Brokers Two New Leases at Granada Plaza in Ormond Beach, FL

Brian Adair

 Daytona Beach, FL – Brian Adair, Senior Vice President at NAI Realvest | Charles Wayne recently completed two new leases at Granada Plaza, 201 East Granada Blvd, Ormond Beach, representing the Landlord, Granada Plaza Group, LLC.

Masterson Hospitality, Inc. leased 2,430 square feet in suite 34.  They plan to open a new restaurant, The Crepevine, with an opening date in the first quarter 2021. 

 It will be the Crepevine’s second location, joining the original in Altamonte Springs. The tenant was represented by Jim Stevenson with Charles Rutenberg Realty Orlando.

Jim Stevensom

Salty Waves Salon plans to open a new hair salon in the Plaza.  They signed a lease for suite 15 with 1,200 square feet.  They are scheduled to open in December of this year.

“These two new leases show that retail is capable of being resilient, especially in a high-traffic center like Granada Plaza,” Adair said.

CONTACTS:

 Brian Adair, Senior Vice President, NAI Realvest | Charles Wayne, 386-238-3600, badair@realvest.com

 

Patrick Mahoney, President/CEO, NAI Realvest, 

407-875-9989, pmahoney@realvest.com

 

CONTACT:

Yelena Gurtovenko 

ygurtovenko@realvest.com

www.charleswayne.com

  www.NAIRealvest.com.



Investor demand for manufactured home communities continues; JLL Capital Markets arranges a $46.44 million refinance of a 17-property portfolio in the Phoeni, AZ area

 

 Above is part of a manufactured housing portfolio totaling 1,050 home sites within 17 manufactured home communities in the Phoenix and Tucson metropolitan areas. 

 SAN DIEGO, CA – JLL Capital Markets announced it has arranged $46.44 million in financing for a manufactured housing portfolio totaling 1,050 home sites within 17 manufactured home communities in the Phoenix and Tucson metropolitan areas. 


 Zach Koucos 
JLL worked on behalf of the borrower, a joint venture partnership between an institutional investor and Treehouse Communities to secure the three-year, floating-rate loan through a balance sheet bridge capital source.

Loan proceeds were used to recapture equity and provide funds for capital improvements to the properties.

 The portfolio comprises 16 communities well-located in the Phoenix area and one property in the Tucson MSA. 

All the communities have convenient access to major highways and Interstates 10 and 17. Of the 1,050 home sites, 179 of the homes are park-owned.

 As one of the fastest growing metros in the nation, Phoenix has nearly doubled in size since 1990 and ranks seventh in population growth this decade.

The city expects to remain a top growth market for the next five years due to strong employment and in-migration and remains the top market for multifamily rent growth in the nation.

Chris Collins

 The JLL debt placement team leading the financing efforts included Managing Director Zach Koucos and Director Chris Collins as well as Senior Managing Director Jeremy Womack.

 “Due to rising single family home prices, manufactured home communities have experienced strong occupancy and revenue growth and as a result, rising investor interest,” noted Koucos.

 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.

 Jeremy Womack

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.

 

CONTACT:

Kristen Murphy

Senior Manager

 Public Relations

 Investor Services JLL

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

 www.jll.com