Tuesday, July 6, 2021

Historic W.C. Fields Mansion in Los Angeles Up for Sale at $15 Million

W.C. Fields Mansion, Laughlin Park, Los Angeles, CA
 

LOS ANGELES, LAUGHLIN PARK, CA --- Lived in and loved by some of the most powerful actors and entertainers in the world, the historic W.C. Fields Mansion in celebrity-rich-and-gated Laughlin Park is for sale, priced at $15 million.


Though he didn’t own the house, not believing in home ownership, Fields rented the home in 1940 and added a pool table, a ping-pong table and bowling lanes set up in the living room - but almost no furniture.

Homer Laughlin
(photo courtesy
Wikipedia)

A legendary party guy, he had three bars in the house, including a portable bar, and lived there until his death in 1946. Since then it has always been known as the W.C. Fields Mansion.

One of L.A.’s first celebrity neighborhoods, Laughlin Park was developed by Homer Laughlin in 1905, whose intention was to limit it to 40 luxurious mansions.

 Lot divisions over the years increased that number to 60, several of the homes designed by Frank Lloyd Wright.

In addition to its quiet tree-lined streets, the enclave is unusually secure behind five gates, according to  TopTenRealEstateDeals.com

 The area has always drawn celebrities who seek security, peace, luxury and privacy. Some of the first residents were Cecil B. DeMille, whose home was built on the highest point with stunning views, and Charlie Chaplin.

Frank Lloyd Wright

Angelina Jolie bought the Cecil B. DeMille Mansion in 2017 for $24.5 million.

The Fields Mansion rooms are spacious with excellent indoor/outdoor livability taking full advantage of the mild California climate.

 French doors swing wide to the terraces and gardens from almost every room in the house, including the master bath.

Designed by William M. Clarke in 1920 and spanning over 8,000 square feet, the home has been completely updated and features four bedrooms and five bathrooms with Italianate architecture influenced by the Beaux-Arts movement.

Charlie Chaplin

Original designs and details are highlighted throughout with antique mahogany paneling, woodwork from a Spanish monastery, and beautiful archways along with four fireplaces.

A special room is the elegant copper-and-glass sunroom that is perfect for dining amongst the estate’s lush landscaping - a great place for an owner’s orchid collection or to retreat during a rainstorm.

Angelina Jolie

Though Fields was, by far, the most eccentric resident, the home has attracted many other important residents, including Maurice Chevalier and Lily Tomlin.

Lily Tomlin

A few years prior to the house being built, the land was sold in a fierce auction with William Randolph Hearst losing out to the ultimate buyer.

 Emma Roberts

The home’s grounds are rumored to have been designed by Lloyd Wright, who put great stock in creating vanishing thresholds between indoors and out.

Kristen Stewart.

A thick growth of trees and shrubs separating property boundaries give privacy to the lawn and pool area, which is classic Old Hollywood with the pool set into the lawn.

Maurice Chevalier

At one time, there was a lily pond on the property, but in 1941 while Fields was out of town, neighbor-actor Anthony Quinn’s two-year-old son drowned in it. Fields was so upset that on his return, he immediately had the pond filled in.

Anthony Quinn

Currently owned by Bobby Patton, the Texas oil magnate who co-owns the Los Angeles Dodgers, today’s celebrity neighbors include Angelina, Casey Affleck, Emma Roberts and Kristen Stewart. According to the Los Angeles Times, Patton purchased the property in 2013 for $7 million.

Bobby Patton


Michael Maguire and Victoria Massengale of Compass hold the listing:

Victoria Massengale



 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/ngz4tsw839vo5ez/AAAPt-__kI8vltjl2lluq3B3a?dl=0
YouTube:  https://www.youtube.com/watch?v=x-9FOWTmw6g 


Photo Credit:  Todd Goodman
YouTube Credit:  Sean Evans, @evvo1991 backtothemovies.com/
Sources:  TopTenRealEstateDeals.com and www.compass.com

PEBB Enterprises Acquires Boca Raton Office Building for $18.35 Million

 

 Midtown Boca Raton Office Building
1801 North Military Trail
 

 BOCA RATON, FL –– PEBB Enterprises, the entrepreneurial private real estate investment firm based in Boca Raton, purchased another prime commercial property in the city.

The firm acquired a Boca Raton office building – the 1801 Building – for $18.35 million.

The off-market transaction closed on June 30, 2021.

Located at 1801 N. Military Trail, the 1801 Building is a 3-story, 61,188 square feet multi-tenant office building with one of the area’s highest parking ratios at 5.43 spaces per 1,000 square feet.

Eric Hochman 

The property features a 280-space structured parking garage which is one of the few such amenities in Midtown Boca. It also has 52 surface parking spaces.

PEBB plans to substantially renovate the building’s lobby, common areas, bathrooms and landscaping. The firm will also add a signature outdoor feature to the property.

Ian Weiner

Built in 1999, the 1801 Building is currently about 74% leased.

 Tenants include BNY Mellon/Pershing, IberiaBank and Morgan Stanley.

“This value-add acquisition provides for the opportunity to lease up over 23,000 square feet in the increasingly tight Boca Raton office market,” PEBB Chief Investment Officer Eric Hochman said.

Keith O’Donnell 

“The planned building renovations will allow our existing and prospective tenants to benefit from Class A office space in a newly renovated boutique office building.”

The building’s direct access to I-95 and proximity to more than 2 million square feet of retail, including the Town Center at Boca Raton mall, 25-plus restaurants and three hotels make the building extremely desirable for tenants.


“This transaction adds a prime office building to our growing South Florida portfolio,” PEBB President and CEO Ian Weiner said. “We anticipate significant interest in the available space from companies seeking to relocate to the area, along with businesses already established here.”

Keith O’Donnell of Avison Young and Mark Rubin from Colliers International Florida represented PEBB in the transaction. 

“Keith and Mark were instrumental in identifying this opportunity and facilitating the transaction with an out-of-area seller in spite of Covid’s impact on the market,” Weiner said. “We appreciate their deep market knowledge.”

Mark Rubin

Earlier this year, PEBB and frequent joint venture partner Banyan Development acquired Boca Lake, a mixed-use site with a retail/office building, SunTrust Bank location and an event venue.

Boca Lake is adjacent to PEBB’s headquarters at Boca Corporate Plaza – which the real estate firm also owns.

 

 CONTACTS: 

Eric Kalis

954-370-8999

ekalis@boardroompr.com

 https://pebbenterprises.com/.  

 

Daniel Benjamin

Senior Account Executive, BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

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JLL Capital Markets arranges $17.55 million loan for Trader Joe’s shopping center in Tustin, CA

 

Trader Joe’s,1076-1222 Irvine Boulevard, Tustin, CA

NEWPORT BEACH, CA, July 6, 2021 – JLL Capital Markets announced today that it has arranged a $17.55 million refinancing for Tustin Heights Shopping Center, a 137,287-square-foot, core, shopping center anchored by Trader Joe’s in the Orange County community of Tustin, California.

 JLL worked on behalf of the borrower, Kimco Realty Corp. and an institutional real estate manager, to place the five-year, floating-rate loan with a national bank.

                               Chris Drew

 Completed in 1983 and renovated in 1993, Tustin Heights Shopping Center is 99-percent leased to an internet- and recession-resistant daily needs tenancy, including Trader Joe’s, Michael’s and Petco.

 The center is also home to a complimentary mix of national and regional tenants such as Sherwin-Williams, Sola Salon Studios, Rock & Brews, Welcome Dentistry, Pro Nails, 85 C Bakery Café, Jamba Juice, Subway, Sports Clips, Welcome Dentistry, Café Rio and more.

John Marshall 

Additionally, the center’s Smart & Final location is within the top 10 percentile of all Smart & Final locations in California, drawing an estimated 256,700 visitors annually, according to Placer.ai

 Tustin Heights Shopping Center is situated on 12.90 acres at 1076-1222 Irvine Blvd. in a prime retail corridor in Tustin, a densely populated Southern California community.

 This highly visible location along Irvine Boulevard exposes the center to more than 33,700 vehicles a day.

The property serves an affluent Orange County customer base that includes more than 201,000 residents within a three-mile radius earning an average annual household income of $127,144, more than double the national average.

 Samuel Godfrey
“Retail debt capital markets remain aggressive for best-in-class shopping centers, even with multiple big-box retailers,” said Senior Managing Director Chris Drew.

 The JLL Retail Capital Markets team representing the borrower included Director John Marshall and Associate Samuel Godfrey.

 “The investors had no shortage of offers from both banks and insurance companies who were able to bid on par with the best-of-best industrial pricing we are seeing today,” Marshall said. “The results reflect the borrowers’ reputation as two of the top retail sponsors globally.”

 For more news, videos and research resources on JLL, please visit our newsroom.

 Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.     

 CONTACT: 

Kimberly Steele

PR, Capital Markets,

Agency Leasing and Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

kimcorealty.com

jll.com.