The Groves apartments in Gresham, OR purchased for $38.5 million

                                 Carrie Kahn

 PORTLAND, OR – JLL Capital Markets announced it handled the $38.5 million sale of The Groves, a multi-housing property located in Gresham, a suburb of Portland, Oregon.  

 JLL represented the seller, NBP Capital, to complete the sale to the buyer, an affiliate of Abacus Capital Group.

 The Groves offer one-, two- and three-bedroom floorplan options, totaling 201 units. The apartments offer community amenities for residents, including a swimming pool, community lounge with a TV, fitness center, barbeque area and playground.

 Located at 3500 N.E. 17^th St. in Gresham, this Portland submarket is primed for long-term growth; with the city proposing various economic initiatives to foster employment growth and stimulate housing demand.

Additionally, the property is positioned near many retail options, including Safeway, Natural Grocers and the Gresham Station Shopping Center, and is just one mile from the MAX Blue Line light rail station which allows regional access across the Portland MSA.

 Ira Virden

The JLL Capital Markets team representing the seller was led by Senior Managing Director Ira Virden, Senior Director Carrie Kahn and Associate Frank Solorzano.

 “This is another example of ample investor appetite for well-located, suburban assets with a value-add component,” Virden added. 

“The Groves is an asset with tremendous growth potential, in large part due to the immediate market’s apartment fundamentals, which exhibited over 3% rent growth during COVID-19, in a sub-market with very little new supply and direct access to growing employment drivers.”

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

Frank Solorzano

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales 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.

 

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

 

Development Site in Mateo, CA Acquired by Nazareth Enterprises Inc. for $7.35 Million

Mounir Kardosh

 San Mateo, CA – Nazareth Enterprises, Inc., a privately-held, diversified investment firm founded by Mounir Kardosh, President and CEO of Nazareth based in San Mateo, California, has completed the acquisition of a 7,500-square-foot retail building in Downtown San Mateo. 

 Richard Beale 

The property is currently leased by Kelly-Moore Paint, which has been a tenant for over two decades.

 The property, located at 616 S B Street, San Mateo, Calif. for a total of $7.35 million.  The company is working on the design of the redevelopment of the property.

 Richard Beale of Beale Properties represented the Sellers.  Financing was arranged by Mitch Zeemont and Tony Kaufmann of Gantry, Inc., and provided by AvidBank.

Mitch Zeemont
 

“I have been eyeing this property since 2006, when I completed the build out and sale of the Nazareth Plaza at 800 S B. Street. 

At that time, not many were convinced that Downtown San Mateo would accept a luxury mixed-use project.  Obviously, my gamble paid off.”  Said Kardosh.

 “Since then, we added the Nazareth Terrace property – 9 high-end condos and 2 floors of retail/office – in 2013, to much success. 

Tony Kaufmann

"This new location is meant to be my latest mixed-use development, and I aim to elevate the level of luxury.” said Kardosh. 

CONTACTS:

  David Ebeling

 Ebeling Communications

 (949) 278-7851

david@ebelingcomm.com

Dream Finders Homes Starts Sales at Pre-Construction Pricing in Clermont’s Hartwood Landing

Lexington C model at Hartwood Landing, Clermont, FL

 CLERMONT, FL  – With floor plans ranging from 1,856 to more than 5,000 square feet of living space, prospective home buyers should be able to find exactly what they’re looking for at Dream Finders Homes’ Hartwood Landing community.

Hartwood Landing, Dream Finders’ newest single-family home development in Lake County, is offering some of the homebuilder’s most popular signature series floor plans on 50- and 60-foot sites, according to Gerry Boeneman, president of Dream Finders Homes’ Central Florida division.

Gerry Boeneman

“In addition we’re currently designing a new series of plans with numerous innovative features for our 40-foot lots that should fit nicely with the lifestyle of residents in this rapidly growing region,” he said.

Both one- and two-story models are available at Hartwood Landing in 11 different floor plans that offer from three to seven bedrooms, two- to four-and-one-half baths, and two or three-car garages, Boeneman said.  Prices start in the $300,000's.

Located on the southwest corner of Hartwood Marsh Road and the future Hancock Road Extension, the 116-acre development is convenient to U.S. Highway 27 and SR 429, and is an easy commute to downtown Orlando, amusement parks, and a variety of work hubs and employment centers.

Dream Finders’ design options available at Hartwood Landing

The 321-lot subdivision – Dream Finders Homes’ first endeavor in Clermont – will be built in two phases with the first consisting of 174 lots and the second with 147.  Boeneman said construction of models is expected to begin in the first phase later this year.

Because Hartwood Landing is in its early stages, Boeneman said all sales are currently being handled by new home consultants at Dream Finders’ Ardmore Reserve community in Minneola.

When completed, the community will have a number of amenities, including a spacious clubhouse, and a resort-style pool with cabanas.

For more information about homes at Hartwood Landing, please call 888-214-1164.

CONTACTS:

Gerry Boeneman,

Division President

 Dream Finders Homes

888-214 1164

or Gerry.Boeneman@dreamfindershomes.com

 

Samantha Foss, Marketing Coordinator, Dream Finders Homes, 904-441-0853 or samantha.foss@dreamfindershomes.com.

 

Beth Payan, Larry Vershel Communications

407-644-4142, 407-461-3781 or beth@larryvershel.com

  

Landtrust Title Services Bullish on Growth -- Expands to Wisconsin, Adds Eight Offices and Names Candace Liebner New Director of Sales

Candace Liebner

 CHICAGO, IL and MILWAUKEE, WI, Feb. 18, 2021 — Chicago-based Landtrust Title Services has announced its expansion into Wisconsin with the addition of eight new offices.

 The offices will be located in the Milwaukee area, Madison and Appleton. To lead the robust expansion, Landtrust hired seasoned professional Candace Liebner to serve as director of title sales for Wisconsin.

 

“We’re proud to deliver Landtrust’s outstanding service and operational excellence that our clients have come to expect to neighboring Wisconsin,” said Warren Habib, president of Landtrust Title Services.

 

 “After a historic, record-breaking year for the Wisconsin housing market, we’re excited to work with Realtors, brokerage firms, attorneys and financial institutions to make the closing process a safe and seamless experience through digital and in-person services.”

Warren Habib

 

In 2020, 88,685 homes were sold across Wisconsin – marking the highest annual total on record for homes sold in the state and 7.3% more than in 2019, according to a recent report from the Wisconsin Realtors Association. 

 

With stronger Wisconsin housing market activity, Habib said Liebner was a natural choice to lead the firm’s outreach in the state.

 

“Anyone familiar with the area’s title insurance market knows what a consummate professional Candace is and why she’s the ideal person to oversee these new offices,” said Habib.

 

“Beyond her industry expertise, Candace’s ability to build relationships and personalize the title services experience is unmatched.”

 

Liebner is based in the Milwaukee area and most recently served as director of strategic development for Hildebrand Law Firm, LLC, where she created virtual and in-person platforms for workshops and legal meetings.

  

For more information about Landtrust Title Services, visit mylandtrust.com. 

 

CONTACTS:

Rebecca Boykin, rboykin@taylorjohnson.com

 (312) 267-4523

Kim Manning, kmanning@taylorjohnson.com

 (312) 267-4527

 

Stan Johnson Co. Announces Annual Inductees to Partner Program for Top Producing Brokers

Stan Johnson

 TULSA, OK -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, is pleased to announce this year’s inductees to its Partner Program.

Scott Briggs

The program, launched last year, provides an opportunity for top sales professionals within the firm to be recognized and rewarded for their outstanding contributions and dedication to company growth.

                  Brad Moulder

“I’m delighted to announce this year’s group of Partner qualifiers,” said Stan Johnson, company President and CEO. “This recognition is a tremendous honor for our top sales producers, and I’m excited to congratulate our three new Partners on this achievement.”

They are Scott Briggs, Brad Moulder and Jason Powell.

Jason Powell

Last year’s inaugural group of qualifiers, which included 14 brokers from across the U.S., will be joined by these three newest Partners. Future Partners will be inducted annually as sales professionals meet established goals.

“Scott, Brad and Jason, along with all of our Partners, embody our culture and work tirelessly to serve our valued clients. It’s my honor to welcome them to this esteemed group of leaders,” added Johnson.

 To learn more about Stan Johnson Company, please visit: www.stanjohnsonco.com.

 CONTACT:

  David Ebeling

 Ebeling Communications

 (949) 278-7

 david@ebelingcomm.com