Friday, November 5, 2021

Site Construction of High-End DeBary Community’s Last Phase Is Complete and Ready for Buyers



Riviera Bella community clubhouse, DeBary, FL

DEBARY, FL  Now in its ninth and final phase, Riviera Bella – The Henin Group’s upscale, single-family home development along the St. Johns River – is preparing to welcome its last group of new families.

Jerome Henin
According to The Henin Group’s president and CEO Jerome Henin, site construction just off Fort Florida Road near Lake Konomac, was completed by Jon M. Hall Construction of Sanford and the 153 homesites were sold to Dallas-based D.R. Horton.

“The builder has closed on their first 36 homesites and construction is now underway,” Henin said, adding that all of the remaining sites should close by the end of next year.

D.R. Horton is offering three-, four- and five-bedroom homes ranging in size from 1,672 to 2,807 square feet and priced starting in the mid-$300,000s.   

With an anticipated sell-out by 2022, Henin said the development – which started in 2004 – is more than two years ahead of projection.

Riviera Bella community entrance

“The opening of phase nine marks the completion of the entire 710-homesite community.”

CONTACTS:

Jerome Henin, CEO The Henin Group

 386-668-7811, 407-644-8595 or Jerome@henin-co.com.

Beth Payan, Larry Vershel Communications,

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


JLL Capital Markets arranges $15 million loan for the 52-bed Monarch Cottages memory care community in La Jolla, CA

 Alanna Ellis
 

 SAN DIEGO, CA – JLL Capital Markets has arranged a $15 million refinance for Monarch Cottages, a 26-unit, 52-bed, 2-story, Class A luxury memory care community in the San Diego community of La Jolla, California.

 JLL represented the borrower, Monarch Senior Livingin arranging a loan.

 The JLL Capital Markets debt team that represented the borrower was led by Directors Alanna Ellis and Bercut Smith.

Bercut Smith

Located at 7630 Fay Ave., Monarch Cottages is near the 5 and 52 freeways, offering access to many of La Jolla’s popular attractions, including Shell Beach, La Jolla Cove, Goldfish Point, the La Jolla Tide Pools and rich cultural venues.

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

 About Monarch Senior Living

Monarch Cottages, a 26-unit, 52-bed,
2-story, Class A luxury memory care
community in the San Diego community
of La Jolla, California.

Monarch Senior Living (“the company”) was founded in 1982 to develop, acquire, own, finance and manage senior living communities.

 The company has developed and operated a portfolio of well known communities, consisting of over 3,400 units, with a value of $1 billion, which represent the high caliber approach of the company.

 

CONTACT:

 

Cierra Lacasse

 JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email: Cierra.Lacasse@am.jll.com

 

Retired NBA Star Shaquille O'Neal Sells 28-Year-Old, 31,000-SF Orlando Mansion for $11 Million after Dropping Price from $28 Million

Shaquille O’Neal 
 

 ISLEWORTH at ORLANDO, FL -- Shaquille O’Neal could easily afford to wait out the sale of his Isleworth, Lake Butler estate near Orlando, Florida, which he purchased in 1993 for $3.95 million, and which became one in his later collection of homes around the country. 

Shaquille O’Neal's 28-year-old,
31,000-SF, 12 bedroom,
15-bath mansion
  on Lake Butler in the
 affluent Isleworth
  community near
  Orlando, FL

 

No, it didn’t sell for its original asking price of $28 million, nor did it sell for its later price reduction to $16.5 million. 


 It sold for $11 million and the retired NBA star and astute businessman went to the bank clutching his $7.05 million profit.  But it must have been fun to try.



Shaq continues to get richer from his myriad of business investments that bring in beaucoup amounts of passive income, while he enjoys doing what he likes to do - talk sports as an analyst for “Inside the NBA” on TNT in Atlanta. 

 

 Savvy from the start, when offered sponsorships, he didn’t want just the money, he wanted equity in the business. 



  In a recent interview, according to TopTenRealEstateDeals.com, when his children said “We’re rich,”  Shaq said, “No, I’m rich.  But when you create something good enough, I may invest in it.”

 

Highly customized, Shag’s mansion, located in a gated golf community near Disney World and ESPN, measures in at 31,000 square feet and spreads across its entire three acres.


 

  It includes 12 bedrooms, 15 baths, chef’s kitchen with Viking, Wolf and Sub-Zero appliances, a massive living room, formal dining, media room with bar and a "gentleman’s room" with game tables, and wet bar.

 

The master wing has a four-room closet, his-and-her baths and, in the bedroom, a custom 15-foot round bed.

 

The guest wing has its own great room with bar and five ensuite bedrooms. Some unusual rooms include a temperature-controlled, cedar-planked humidor and wine storage, and an aquarium-style room with a saltwater triangular fish tank.


Benjamin Hillman 


 Most impressive is the wall mural of a true-to-size, red tractor-trailer barreling toward the interior of the room on an expressway. With the front cab bumped out of the wall and his nickname Superman logo on the grill, the realism is electrifying.

 

Benjamin Hillman with Premier Sotheby’s International Realty represented O’Neal.  Rob Rahter, a broker associate and luxury home specialist with Stockworth Realty Group, represented the buyer.

 

Photo credit: Uneek Luxury Tours

Source: toptenrealestatedeals.com

 CONTACT:

 Genelle C. Brown

Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  336-459-3725
Twitter:  @toptenrealestat
Facebook.com/toptenrealestat

 

Golub & Co. Expands Western Region Office

 Michael Glazier
 

 DENVER, CO – Chicago-based Golub & Company has announced the expansion of its Western Region office with a strategic relocation, new hires, and role expansions.

 Golub is currently in the pre-development stage of three high-profile Denver, CO-based projects including the 13-acre Denargo Market site along the South Platte River, the 2.5-acre former Greyhound terminal site at 1055 19th Street and a two-acre site at 3800 Blake Street.

  These three projects could equate to more than four million SF of office, residential and mixed-use development over the next ten to fifteen years. 

Laura Newman 

  Michael Glazier, a 20-year Golub veteran, is relocating from Chicago to Denver to serve as Senior Vice President, Western Region.

 In his new role, Michael will oversee the execution of Golub’s current and future Western Region development deals and acquisitions.

  Michael’s experience with Golub & Company includes spending several years in Central Europe in the 1990s when Golub was establishing its presence in Poland.

Michael Newman

Most recently, Michael has been working as a senior member of the Chicago Development and Acquisition team.

 Laura Newman will become Director of Investment and Development and lead the execution of all Denargo Market deals while also continuing with her previous responsibilities of supporting the acquisition team — led by David Smith, Vice President of Western Region Acquisitions— on new Western Region business pursuits.

  Laura relocated from Chicago to Denver in 2018 to establish the firm’s office there.

 David Smith
 

“David Smith and Laura Newman have been the driving force behind our acquisitions efforts, generating a $1.5B development pipeline in the Denver market alone,” said Michael Newman, President and CEO of Golub & Company.

 “As they continue to expand our footprint across the front range and other western cities, we are excited that Michael Glazier enthusiastically accepted the challenge to relocate to Denver and we are confident that he will bring his impressive depth of experience to competently lead the execution of our current projects and future pipeline throughout the Western Region.”

 Since June, four other key roles have been added to Golub’s Denver office:

 

Martin Willie               Development Manager for Office

Oswaldo Lopez         Development Manager for Residential

Wade Davidson         Project Manager

Malorie Torrey           Financial Analyst

 

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.golubandcompany.com

 

Ware Malcomb Hires Analisa Olson as Director, Strategic Accounts

  

 Analisa Olson

RVINE, CA -- Ware Malcomb, an award-winning international design firm, announced Analisa Olson has been hired to the firm’s Corporate Accounts team as Director, Strategic Accounts.


 In this newly created role, Olson will assist Ware Malcomb in growing its Corporate Accounts portfolio in North America, working in close collaboration with firmwide leaders, as well as the rest of the Corporate Accounts team.

 Olson has more than 18 years of experience managingcorporate accounts and implementing innovative interior architecture and design solutions in Southern California.

  Her projects have spanned the corporate, hospitality, restaurant and residential industries and have won several awards, including an IIDA SoCal Calibre Award and a Solutia DOC Award. 

 “We are excited to welcome Analisa,” said Ted Heisler, Vice President, Interior Architecture & Design for Ware Malcomb.

 

Ted Heisler

“There are significant relationships to cultivate as part of our preferred provider programs, and her leadership will be invaluable as we grow our corporate accounts portfolio across North America.” 

 Olson is a graduate of California State University, Long Beach with a Bachelor of Fine Arts degree in Interior Architectural Design. She is NCIDQ certified and a LEED Accredited Professional for Building Design & Construction.

 

CONTACTS:

 Rachel Reenders

VP Public Relations,

 KCOMM for Ware Malcomb

rachel@kcomm.com

Maria Rodgers, Public Relations Manager, 949.660.9128, mrodgers@waremalcomb.com

 Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128

KWK Architects/BWBR Finalizing Designs for New Greek Village at University of Nebraska at Kearney, NE

 

Kelsey Hassenstab

 St. Louis, MO -- Student housing design experts KWK Architects, along with partner architect BWBR of Omaha, NE, are finalizing design plans for a new Greek Village at the University of Nebraska at Kearney (UNK). 

The $32.65 million project includes a new residence hall and renovation of existing Martin Hall.

“UNK has a reputation for quality, student-centered experiences, and our Fraternity and Sorority Life (FSL) community is one of the best examples of this dynamic educational environment,” said Kelsey Hassenstab, Assistant Director of Fraternity and Sorority Life. 

Javier Esteban

“Our 700-plus members are involved across campus and the Kearney community, and they excel academically while holding many of the top student leadership positions at UNK.”

“This project will facilitate more community building among the FSL organizations by providing more opportunities for all the chapters to be involved,” Hassenstab said. 

“It’s more inclusive and progressive housing, which will allow us to grow closer as a community and work together to achieve our educational and community service goals.”

The key to both buildings’ designs is flexibility, said KWK Principal Javier Esteban. The upper floor is designed to absorb the fluctuations of fraternity and sorority populations from one year to the next. All access to each chapter will be controlled by card reader.

 For more information about KWK Architects, please visit www.kwkarchitects.com or contact the Director of Marketing Cindy Hausler at cindyh@kwkarchitects.com.

 

Media Contact:


Jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com



JLL Capital Markets completes recapitalization for portfolio of six Publix-anchored retail centers in South Florida and Atlanta

 

Kim Flores

 MIAMI, FL – JLL Capital Markets has completed the recapitalization of a portfolio of six dominant Publix-anchored shopping centers totaling 1.22 million square feet in South Florida and Atlanta, Georgia.

Pembroke Commons, 
600 North University Drive,
  Pembroke Pines, FL

 JLL marketed the portfolio on behalf of the ownership, a joint venture between Jamestown and Weingarten Realty Investors, who merged with Kimco Realty Corp. in August 2021.

Kimco Realty Corp. (NYSE: KIM) acquired a 70 percent interest in the assets and has since entered into a joint venture partnership with Blackstone Real Estate Income Trust, Inc. (BREIT), where upon closing, Kimco will own 50 percent of the portfolio and BREIT will own the remaining 50 percent interest.

Northridge Shopping Center, 1002 East Commercial Boulevard,  Oakland Park (Fort Lauderdale MSA), FL

 Every asset in the portfolio is anchored by Publix.

The assets include five properties in South Florida, Flamingo Pines Shopping Center at 12550 Pines Blvd. and Pembroke Commons at 600 N. University Dr. in Pembroke Pines;

 Hollywood Hills Plaza I and II at 3251 Hollywood Blvd. in Hollywood; Northridge Shopping Center at 1002 E. Commercial Blvd. in Oakland Park (Fort Lauderdale MSA); and Tamiami Trail Shops at 13850 SW 8th St. in Miami.

 The portfolio also includes Publix at Princeton Lakes at 3730 Carmia Dr. SW in Atlanta.

Danny Finkle
The JLL Capital Markets team that represented the seller was led by Senior Managing Director and co-head of JLL’s Retail Capital Markets team Danny Finkle, Senior Managing Director Jim Hamilton, Senior Directors Eric Williams and Brad Buchanan, Vice President Kim Flores and Associate Andrew Michols.

 “A collection of grocery-anchored assets of this scale and quality has not been offered in South Florida in more than 15 years,” Finkle said.

“This was truly a generational opportunity for Kimco to increase their scale in two of the top-performing and high barrier-to-entry retail markets in the U.S. by increasing their ownership stake in this high-quality portfolio.”

Jim Hamilton
Robust population and employment growth, along with a significant amount of corporate relocations, are currently fueling South Florida commercial real estate market fundamentals.

 Additionally, Atlanta is the third fastest-growing metro area in the U.S. and is projected to grow 5.6 percent over the next four years.

 “The consistent population growth and influx of new residents to the southeast is rapidly densifying the consumer base,” Williams added.

“This, coupled with historically low new retail deliveries, is driving demand for grocery-anchored retail, which remains a compelling investment for attractive risk adjusted returns relative to other asset classes.”

 Eric Williams 
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 sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

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


 CONTACT:

 

Kimberly Steele

PR, Capital Markets,

Agency Leasing and Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com

www.jamestownlp.com.