Theresa Margaris |
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Wednesday, March 31, 2021
Hold-Thyssen Assists Label Manufacturer’s Florida Expansion with New Sales Office in Tampa’s Westchase Commons
The Bee Gees Robin Gibb Mansion in Long Island, NY for Sale at $12.9 Million
Barry (top), Maurice (bottom) and Robin (center) Gibb. (Photo courtesy: (Sean O’Meara/Getty Images and Billboard) Credit... |
The Long Island waterfront home where Robin lived in the 1970s
and ‘80s is for sale with an asking price of $12.9 million.
Former Bee Gees Mansion in Long Island, NY, built in 1926and named “Kenjockety,”which is Native American for “Far from Noise.” |
Arthur H. Fleming, 1920 (photo courtesy Wikipedia) |
They
included St. Bartholomew’s Church in New York City, the Chapel at West
Point, the Nebraska State Capitol and the Rockefeller Library at the University
of Chicago.
Fleming
spared no expense when it came to his daughter. From location to landscaping,
not a detail was overlooked, according to TopTenRealEstateDeals.com.
Sited
on a bluff on almost seven acres, Kenjockety has views of Oyster Bay and Cold
Spring Harbor across Long Island Sound.
Christie Brinkley |
Angelina Jolie |
Billy Joel |
Jerry Seinfeld |
Bonnie Williamson |
Walls throughout the structure have Venetian plaster, and wood used in all the rooms is mahogany, including the custom-closet systems.
Lauryn Koke |
In 1975, they moved to Miami and relaunched the group with their new disco sound, made forever famous with their soundtrack for the movie Saturday Night Fever.
One of the best-selling albums of all time, Saturday Night Fever won five Grammy Awards with songs including “Staying Alive” and “Night Fever.”
After Maurice died
in 2003, Barry and Robin continued to perform occasionally, both individually
and as a duo, until Robin became ill.
Robin was one of the
many celebrities who have been drawn to the area, including Christie
Brinkley, Billy Joel, Angelina Jolie and Jerry Seinfeld.
Listing
agents for the Kenjockety estate are Bonnie Williamson and Lauryn Koke of
Daniel Gale Sotheby’s International Realty, Cold Spring Harbor, New York.
CONTACT:
Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone: 336-459-3728
Twitter: @toptenrealestat
facebook.com/toptenrealestat
Photos: https://www.dropbox.com/sh/ijyrm923x75ic38/AAA5XA-8iPZUvND36_Yzf8fua?dl=0 ;
Source: www.danielgale.com
YouTube: https://www.youtube.com/watch?v=NKYQtNFh0Ck
Photo Credit: Tyler Sands, Sands Media House
YouTube Credit: Sean Evans, @evvo1991 backtothemovies.com/
Source: TopTenRealEstateDeals.com
Comunidad Partners and Nuveen Acquire 603-Unit Affordable Multifamily Asset in "the most diverse square mile in America"
Pamela West |
CLARKSTON, GA — Comunidad Partners, a minority and women-owned real estate investment firm that specializes in workforce / affordable housing communities in culturally diverse neighborhoods, in partnership with global investment manager Nuveen, has acquired Village at the Creek, a 603-unit affordable and workforce housing community in Clarkston, Georgia in an off-market transaction.
This acquisition represents Comunidad’s continued mission of bringing institutional capital to underserved markets with diverse populations across the sunbelt region of the U.S., according to Antonio Marquez, Comunidad’s Managing Partner.
“This particular location within the Atlanta submarket is dubbed ‘the most diverse square mile in America’ as it is a melting pot of immigrants, migrants and refugees who have come to the U.S. seeking a better life,” explains Marquez.
Antonio Marquez |
“This
acquisition is closely aligned with our investment mission of creating
culturally-relevant, inclusive communities that are tailored to the various
ethnicities that live within the communities we serve and in markets that are
poised for long-term economic growth.”
This represents Comunidad’s fifth acquisition in the Atlanta market bringing its total holdings in the area to more than 1,566 units.
“The
Atlanta market, including Clarkston, has undergone tremendous growth over the
last several years yet is experiencing an affordable housing crisis along with
a gap in resources and services that are needed to support residents that are
critical to the local workforce,” says Marquez.
Village at the Creek, a 603-unit affordable and workforce housing community at 751 North Indian Creek Drive in Clarkston, GA |
“We were extremely attracted to this community for several reasons,” says West. “First, it is located in an economically and culturally diverse neighborhood that is poised for continued growth.
"Secondly, it is closely tied to our focus on impact from both a social programming standpoint and long-term preservation perspective. Comunidad has an exceptional track record and we are excited to be partnering with them in this shared mission.”
Contact:
Katie Haga
Brower Group
(949) 438-6262
IMG Brokers $41 Million Sale of Waterleaf Townhomes and Apartments in Port St. Lucie, FL
Karlin Conklin |
Port St. Lucie, FL — Investors Management Group, Inc. ("IMG") announced it has sold Waterleaf Townhomes and Apartments, a 230-unit community located at 1900 SE Hillmoor Drive in Port St. Lucie to Covenant Capital Group for $41.55 million.
IMG
and its investors will exchange the proceeds as part of a long-term multifamily
investment strategy.
IMG
acquired the property in 2017 for $26.75 million. The Company invested $3.1
million on renovations in the townhome interiors plus the fitness center,
pools, sports park, and other common-area amenities.
Darron Kattan |
“Identifying communities with attractive fundamentals in emerging markets is IMG’s competitive advantage.
"We're always operating ahead of the mainstream," said IMG Principal and Executive Vice President Karlin Conklin.
Conklin
also notes that “With the heightened competition in secondary and tertiary
markets, investors are paying premium prices for the best multifamily assets.
"It’s a good sign of investor confidence in multifamily as a reliable investment vehicle. We’ll continue following our value-add business model in Southeast markets as we grow our portfolio.”
IMG currently owns an apartment community in Tampa, the 276-unit Solis at Ballast Point which it acquired in 2018. IMG has transacted over 1,000 units across the Miami and Tampa metros over the last decade.
Darron
Kattan of Franklin Street represented IMG in the transaction.
Neil Schimmel |
Founded by Neil Schimmel, Investors Management Group (“IMG”) is a real estate sponsor focused on multifamily assets across a national platform.
For over a decade, IMG has grown investor
capital by increasing rental housing value and enhancing the resident living
experience.
IMG has acquired 9,500 multifamily units representing 40 properties nationally since 2010. Of the properties sold, the average return was 27%.
IMG currently owns and operates 3,600
apartment units across the U.S. Total investor capital in IMG-sponsored
multifamily real estate exceeds $360 million.
CONTACT:
David Ebeling
Ebeling
Communications
949.861.8351
949.278.7851
(Cell)
Lincoln Property Co. Promotes Three in Desert West Region
David Krumwiede |
PHOENIX, AZ, March 31, 2021 – Leading developer and property manager Lincoln Property Company (LPC) has promoted three within its Desert West development and leadership team: David Krumwiede, Nick Nudo and Justin Arnitz.
In his new role as Senior Executive Vice President,
Krumwiede will continue to direct LPC’s award-winning metro Phoenix presence
while also advancing a strategic multi-market expansion of LPC Desert West across
its region of Arizona, Nevada, Utah and New Mexico.
Nudo has been promoted to Director of Real Estate, focusing
on leasing for the firm’s Class A office and industrial space in the Desert
West region.
Arnitz, who advances
from Real Estate Associate to Associate Director of Real Estate, focuses on LPC
Desert West development and acquisitions, and collaborates with Nudo on
property leasing efforts.
Nick Nudo |
“This year marks the 20th anniversary of the LPC Phoenix office,” said Krumwiede. “It has been an honor to serve Lincoln over the past two decades and to establish – and continue to grow – our talented team and our high-quality, highly creative market presence.
Across his career, Krumwiede has managed the development and
acquisition of more than 22 million square feet of space, including the
development of almost 15 million square feet of Class A office, industrial,
retail and mixed-use product.
Nudo previously served LPC as a Senior Real Estate Associate, and held Senior Associate and Associate broker positions at Cushman & Wakefield and Lee & Associates. Arnitz previously served LPC as Real Estate Associate.
Justin Arnitz |
Upon their disposition, Waypoint, Grand1, Grand2 and Lincoln Logistics 40 earned record-breaking sale prices.
The Desert West team continues to pursue acquisition and development opportunities across the region. To learn more contact Krumwiede or John Orsak at 602.912.8888.
CONTACT:
Stacey Hershauer
focusAZ
P 480.600.0195
Tuesday, March 30, 2021
Native Realty Expands Team of Property Enthusiasts, Promotes Kaley Tuning to Sales Director
Kaley Tuning
FORT LAUDERDALE, FL –
March 30, 2021 – Native Realty,
the pioneering Fort Lauderdale-based commercial real estate firm led by Jaime
Sturgis, bolstered its team of Property Enthusiasts with the addition of
Real Estate Agents Dino Flora and Spencer Scalzitti. Both are
based in Native’s Flagler Village headquarters.Dino Flora
The firm also has promoted Kaley Tuning to Sales Director. She first joined Native as a Sales Associate in fall 2019.
Spencer Scalzitti |
Scalzitti has several years of real estate
experience in Florida and New York. At Native, he is focusing on the firm’s
substantial portfolio of investment sales and leasing offerings in Flagler
Village.
“We are thrilled to welcome Dino and Spencer, two talented and dedicated professionals who share our collective passion for the neighborhoods we are actively placemaking,” Sturgis said.
“It is also exciting to have Kaley take on this new role. She has been a valuable member of the Native team since her arrival.”
Jaime Sturgis |
Tuning has more than 15 years of industry experience, including nearly a decade at Fort Lauderdale-based Stellar Homes Group.
Notable recent transactions completed by Tuning include:
Representing New Jersey-based Asbury Ale House in a 9,263-square-foot lease for its first South Florida location at Society Las Olas in downtown Fort Lauderdale
- Brokering a
7,193-square-foot office lease with Fairway Independent Corp. at a Fort
Lauderdale building owned by prominent real estate investment firm Elion
Partners
- Arranging a
3,000-square-foot lease with “paint and sip” concept Strokes Art Bar in
the emerging 13th Street neighborhood
Native Realty is headquartered at 719 NE Second
Ave. in Flagler Village.
CONTACT:
Eric Kalis
Vice President
BoardroomPR
O 954-370-8999
C 305-794-5123
Bank of America Plaza | 1776 N Pine Island
Road
Suite 320 | Fort Lauderdale, FL 33322
Cara Leonard-Munn joins Bellwether Asset Management to lead Debt Team
Cara Leonard-Munn |
LOS ANGELES, CA March 30, 2021 - Bellwether Asset Management, Inc. (“Bellwether”) announced today that it has hired Cara Leonard-Munn as Senior Vice President, Debt Asset Management.
In her new role, Mrs. Munn will be responsible for leading the Bellwether debt asset management team which oversees a wide variety of real estate debt investments, inclusive of private loans and public securities.
Dennis Grzeskowiak |
Previously, Mrs. Munn led the Structured Investments platform at Lowe Enterprises Investors and was a member of the real estate principal investment team at Canyon Capital. Mrs. Munn started her career as an attorney at Cox, Castle & Nicholson.
Joe Mossotti |
"Bellwether Asset Management is extremely pleased to add Cara to lead our Debt Asset Management group" said Dennis Grzeskowiak, Bellwether Co-Founder and Principal.
"Our outsourced asset management services are viewed as best in class, and Cara’s addition to the team bolsters our capabilities and reputation.”
Joe Mossotti, Bellwether Co-Founder and Principal, commented further “Cara’s significant experience in structured finance in addition to her legal background is the perfect fit to grow and manage our debt asset management platform, which continues to see significant demand from both new and recurring client engagements.”
CONTACT:
David
Ebeling
Ebeling
Communications
949.861.8351
949.278.7851
(Cell)
Member
of the National Association of Real Estate Editors (NAREE)
Monday, March 29, 2021
Upper East Side multi-housing development site in New York City sells for $32 million
SOLD: 1303-1309 Third Avenue, Upper East Side, New York City |
Guthrie Garvin |
JLL worked on behalf of
the seller Gastonia, LLC to complete the sale to the buyer, EJS Group.
The assemblage, located at the southeast
corner of Third Ave. and E. 75th St., provides a unique
development opportunity with more than 150 feet of wraparound frontage.
Jonathan Hageman |
The property is within walking distance to
major attractions and amenities, including Central Park, world-class museums,
leading hospitals, premier schools, fine dining and shopping.
It is located in close proximity to the Q, 4,
5 and 6 subway lines, providing direct access to Midtown and the rest of
Manhattan.
The JLL Capital Markets team representing
the seller was led by Managing Directors Guthrie Garvin, and Jonathan
Hageman; Directors Jack Norton and Solomon Michailow; and New
York Investment Sales Chairman Bob Knakal.
Jack Norton |
“Its location within one of Manhattan’s most sought-after neighborhoods offers developers the chance to create a stand-out residential property.”
JLL Capital Markets is a full-service
global provider of capital solutions for real estate investors and occupiers.
Solomon Michailow |
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.
CONTACTS:
George
Shea and Rachel Tate
Shea Communications
Phone: +1 212 627 5766
Email: rachel@sheacommunications.com
Natalie
Passarelli
Public Relations
Jones
Lang LaSalle Americas, Inc.
200
E. Randolph St.
Chicago, IL 60601
M
+1 224 477 7307