Burger Billionaire Serves Up L.A. Mansion With All the Works

Lynsi Snyder

 

 BRADBURY ESTATES, LOS ANGELES, CA -- The American hamburger has spread well beyond the states, and chain-burger restaurants from McDonald’s to Wendy’s now span the globe.

 

Julia Roberts

One of the earliest of the hamburger restaurants that spread beyond its local roots, In-N-Out, first opened in 1948 at a hole-in-the-wall location in Baldwin Park, California, and slowly spread beyond California into Arizona and Nevada and most of the western states.

Olivia Wilde

 

 A favorite treat for Southern California natives and visitors, in 2020, People magazine published a rundown of 28 celebrities including Julia Roberts, Adele and Olivia Wilde bragging about their In-N-Out burger meals.

Adele Wilde

 

In-N-Out was California’s first hamburger joint to offer drive-thru service, a big change from the baby-boomer days of carhops like those seen, sometimes on roller skates, in American Graffiti and Happy Days.

Harry and Esther Snyder

In-N-Out didn’t start out trying to create mega wealth through the franchise system or expanding into the global scene. Instead, it stuck to its founders’, Harry and Esther Snyder, business plan of success through quality hand-prepared food.

Adrián Beltré

 Now having passed to the third generation and the only grandchild of the Snyders, Lynsi Snyder, In-N-Out has made her a very wealthy woman, estimated by Forbes this year to be $3.6 billion.

Joseph Chiovare 

 Lynsi recently put her California compound on the market for $16.8 million.

Snyder purchased the property in 2012 from longtime MLB-star Adrián Beltré, formerly with the Los Angeles Dodgers, for $17.4 million.

At 16.8  million, the Lynsi Snyder mansion
at Bradbury Estates, Los Angeles, CA
is the most expensive listing
 in the San Gabriel Valley,
 according to
 TopTenRealEstateDeals.com

Even though she would be taking a loss at the current sale price of $16.8 million, it is still the most expensive listing in the San Gabriel Valley, according to TopTenRealEstateDeals.com.

In 2017, Snyder had it on the market for $19.8 million but took it off at the end of that year.

Ronald Chang 

Not your ordinary California hamburger-heiress home, Lynsi’s place comes with all the works and much more.

Located in guard-gated Bradbury Estates in the Los Angeles area, the 18,687-square-foot main house and three-bedroom, two-bath guest house are sited on a resort-like four acres with a two-hole golf course, tennis court, basketball court, fitness center, 3,400-square-foot recreation center, and a six-car garage.

Built in 2010, the main house is comprised of eight bedrooms and 12.5 baths.

 Entering through a long-grand driveway into an elaborate foyer with an impressive double staircase, the public rooms include formal living and dining, a billiards room, lushly decorated home theater, wine room, a chef’s kitchen with double islands, and a full outdoor kitchen.

Outside, the infinity-edge pool and cabana are surrounded by vineyards, fruit trees and manicured landscaping. Throw in a few In-N-Out burgers, and this could be hamburger heaven!

 The estate funded by In-N-Out hamburger success is listed by Joseph Chiovare and Ronald Chang of Coldwell Banker Realty, Arcadia, California.

CONTACT:

 

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  336-459-3728
Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

 

YouTube:  https://www.youtube.com/watch?v=PdIhfe1PUBo
Photo Credit:  IM Real Estate Photography & David Guettler Photography
YouTube Credit:  Sean Evans, @evvo1991 backtothemovies.com/
Source:  TopTenRealEstateDeals.com

Source: www.coldwellbankerhomes.com

 

 

Newly built, luxury apartments in Portland, OR purchased by Wolff Affiliate

 

Carrie Kahn

 

PORTLAND, OR, May 10, 2021 – JLL Capital Markets announced today it closed the sale of Northpointe, a 158-unit luxury multi-housing property located at 1314 N Skidmore St. in Portland, Oregon.

 

JLL represented the seller, a partnership between Fore Property Company and Principal Real Estate Investors, to complete the sale to the buyer, an affiliate of The Wolff Company.  

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

 

Completed in 2019, Northpointe totals 106,568 residential square feet and 3,748 square feet of commercial space.

 Ira Virden

The property offers studio, one- and two-bedroom floorplan options that boast luxury-grade, modern finishes, such as quartz countertops, in-home washer and dryers, stainless steel appliances, solar shades and luxury vinyl plank flooring, with private balconies or patios and walk-in closets in select units.

Frank Solorzano

 

Community amenities include a 24-hour fitness center, conference room, rooftop deck with mountain views and an outdoor entertainment area with firepits and a social lounge.

 

 

CONTACT:

 

Natalie Passarelli
PR, Americas

JLL

M +1 224 477 7307

JLL.com

 

 

 

KBS Sells Two-Building, 149,103 Square-Foot Class A Office Campus in Weston, FL for $52.25 Million After Completing Extensive Series of Upgrades

Brenda Saavedra

WESTON, FL, May 10, 2021 – KBS, one of the largest investors in premier commercial real estate in the nation, announced today that it has sold a two-building, 149,103 square-foot Class A office campus in Weston, Florida.

 The property, Weston Corporate Center, was sold to an affiliate of Banyan Street Capital for $52.25 million after KBS completed an extensive series of upgrades to both buildings.

 Marc DeLuca

“KBS is well-known for its ability to identify superior assets in top markets across the country with strong population and economic growth,” says Marc DeLuca, Eastern regional president for KBS.

 “South Florida’s Broward County, where Weston Corporate Center is located, boasts an impressive 13.2% population growth over the last decade, unemployment rate that outperforms the metro and a diverse and educated workforce."

 

The region continues to attract major corporations such as Chewy.com, Citrix and Spirit Airlines, the 7th largest U.S. carrier, which recently announced its plans to establish its company headquarters in the area.

 

 KBS’ forward-looking approach allowed the firm to identify and acquire one of the most prestigious assets in this market early on and invest in improvements that have further enhanced its appeal to office investors and high-end users.”

Christian Lee

KBS acquired Weston Corporate Center in 2015 and implemented comprehensive upgrades to the property over the last three years.

  These upgrades include refreshed atrium lobbies with new furniture and a coffee bar for tenants and a full renovation of all the multi-tenant restrooms in both buildings.

 

 In addition, the company has implemented significant structural enhancements including a new roof section on Weston Corporate Center I, substantial HVAC and LED lighting upgrades, a resealed and restriped parking lot and an updated exterior lakeside sitting area.

José Lobón 

“As one of Weston’s only two institutional-quality office parks, Weston Corporate Center was already attracting blue-chip tenants whose decision-makers live in the area,” says Allen Aldridge, asset manager for Weston Corporate Center and senior vice president and co-director of asset management at KBS.

 

 “The upgrades that KBS has implemented, in addition to its ideal location in one of the most desirable submarkets in the state of Florida, make this property even more compelling for Southwest Broward County office users.”

 

Christian Lee and José Lobón of CBRE served as KBS’ exclusive advisors and representatives for the sale of Weston Corporate Center.

Bruce Fischer

“Weston Corporate Center is considered one of the top suburban office properties in Broward County among companies seeking best-in-class space for their teams,” says Lee, vice chairman. 

“Through its deep understanding of this market, KBS has chosen improvements that position the property to continue attracting top tenants in the region.”

 

According to CBRE, Broward County is outperforming the South Florida metro overall with an unemployment rate of 5.3% in Q1, 110 basis points below the average. The number of office tenants in the market is growing, pointing to an upward shift in leasing activity by the second half of 2021.

Howard Chu

Built in 1997 and 1998, Weston Corporate Center consists of two four-story buildings. 

The property, which boasts a market-leading 4.7 per 1,000 sf parking ratio, is 94% leased to a variety of credit and nationally recognized corporate tenants.

 Uniquely positioned in close proximity to Southwest Broward County’s main thoroughfares including I-75, I-595, I-95 and Florida’s Turnpike, Weston Corporate Center is a short distance away from world-class shopping at Weston Town Center and Sawgrass Mills, the largest single-story mall in the U.S. and the second largest in Florida.

 

The asset is also within a 15-minute drive of over 100 food and beverage options.

Weston Corporate Center, 2500 Weston Road and 2700 South Commerce Parkway, Weston, FL

 

Attorneys Bruce Fischer, Howard Chu and paralegal, Amanda Kennedy, of global law firm Greenberg Traurig, LLP’s Orange County office, together with attorney Brenda Saavedra in Greenberg’s Miami office,  represented KBS as legal counsel in the disposition.

 

 

CONTACT:

Katie Haga 

khaga@brower-group.com

www.kbs.com.

 

Fast-Growing Proper Title Insurance Agency Opens Orland Park, IL Office and Hires Kathy Connelly to spearhead firm’s growth in Chicago’s southwest suburbs

Kathy Connelly

 

CHICAGO, IL,  May 10, 2021 – Proper Title, LLC, a full-service title insurance firm serving the residential and commercial real estate industry, has announced the opening of a new office at 15643 S. 94^th Ave., in Orland Park, Ill., to accommodate its fast-growing business.

 

 The firm has hired Kathy Connelly as the lead salesperson.

 

 The southwest suburban office marks the 11^th closing location for Proper Title across Chicago and its suburbs and its fourth new office in the past two years.

Kim O’Donnell

“With the surge in closings due to the heated housing market, the Orland Park office is opening at the ideal time and further supports our aggressive plans for expansion,” said Kim O’Donnell, vice president of business development at Proper Title.

 

“We’ve nearly doubled our staff in the past year to support our influx of work. The rapid pace of adding new offices shows our commitment to serving as many clients as possible throughout Chicagoland.”

 

One of four closing rooms

The new office offers four closing rooms and curbside capability to accommodate Proper Title’s steady stream of residential and commercial closings.

 

“The Orland Park office is a natural extension of our growth as we continue to capture more and more market share of the title business throughout the Chicago area,” O’Donnell said.

 

“Kathy is a key addition to our title insurance team as we provide unmatched customer service in helping our clients close loans quickly and safely during the pandemic and beyond.”

 

Connelly is an experienced sales manager who has worked in the building materials industry for more than 12 years. She also has more than seven years of experience as an account executive at Residential Title Services.

 

As a longtime board member of the Disabled Patriot Fund in Orland Park, Connelly has helped raise more than $1 million for the fund through corporate outreach and fundraisers.

 

 

CONTACTS:

 Paula Widholm, pwidholm@taylorjohnson.com

 (312) 267-4525

Kim Manning, kmanning@taylorjohnson.com

 (312) 267-4527

propertitle.com

 

 

Stan Johnson Co. Sells $1.7 Million Office Building in Plant City, FL

John Rotunno

 PLANT CITY, FL -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 7,800-square-foot office building fully leased to Irby Construction Company.

The facility, located at 702 Tillman Place in Plant City, Florida, serves as the company’s regional operations center.

The seller, represented by John Rotunno of Stan Johnson Company, was a Florida-based private investor. A national REIT purchased the asset for $1.7 million.

“The seller was looking to diversify into new sectors,” said Rotunno, Associate Director in Stan Johnson Company’s New York office.

“Despite uncertainty in the office market and less than five years remaining on the lease, we were able to generate interest through a broad marketing effort and close on the sale with a quality buyer.”

702 Tillman Place office building, Plant City, FL

Irby Construction is a leading electrical contractor in power line construction. The company builds transmission and distribution systems as well as substations.

 In early 2020, they relocated regional operations to the Plant City facility from two smaller office locations and signed a five-year net lease.

The property, originally constructed in 1995, is situated on more than 1.9 acres just 30 minutes east of downtown Tampa.

CONTACT:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

www.stanjohnsonco.com.

 

 

 

Stonehill Names Jeremy Cooper Vice President of Business Development

 

Jeremy Cooper

ATLANTA, GA, May 10, 2021 – Stonehill announced it has named Jeremy Cooper to the position of vice president of business development.

Cooper is responsible for originating and structuring debt and equity investments across Stonehill's hospitality lending platform and helping to drive its strategic growth efforts.

He will report to Stonehill's executive vice president, Brent LeBlanc, and establish the company’s Northeast office in New York City.

Brent LeBlanc

Cooper is a fourth-generation hotelier, having learned the hotel business at Cooper Hotels, a family business with more than 2,000 rooms. 

He most recently served as a senior investments associate with Intrinsic Hotel Capital. Before that, he worked with Atlas Real Estate Partners, LW Hospitality Advisors and Hilton Worldwide.

 CHRIS DALY

PRESIDENT

DG Public Relations, LLC

42806 Oatyer Court

Broadlands, Va. 20148

Main: 703-435-6293

Mobile: 703-864-5553

 chris@dalygray.com | www.dalygray.com

or

Charles Talbert

678-823-7683

ctalbert@peachtreehotelgroup.com

www.stonehillsc.com.