Fast-Growing Proper Title Insurance Agency Expands Outside Illinois with Schererville, IN Office

 

Kathy Kwak

 CHICAGO, IL, Jan. 7, 2022 – Proper Title, LLC, a full-service title insurance agency serving the residential and commercial real estate industry, has announced the opening of a new office in Schererville, Ind., that will serve real estate agents throughout Northwest Indiana. 

 Following parent company @properties to Indiana, this new location marks Proper Title’s first office outside of Illinois, its sixth new office in the past two years and the agency’s 13th closing location.

Brent Fielder

“The opening of this office is a great way to continue the momentum we have coming off a record-setting 2021 where our residential closings were up 41% over 2020 and our commercial closings were up 121%,” said Kathy Kwak, chief operating officer of Proper Title.

 

“I’m so proud of our teams that have serviced customers through not just the pandemic, but also an extremely hot housing market. I know we’re all very excited about bringing this same level of premier closing service to a new market.”

 

Located along Schererville’s major thoroughfare at 322 Indianapolis Blvd., Suite #200, the new office offers three closing rooms as well as curbside capability to accommodate Proper Title’s steady stream of residential and commercial closings. 

The main contact for the office is Karen Craig, escrow officer for Proper Title.

New Proper Title Insurance Co. office,
 322 Indianapolis Boulevard,
 Suite #200, Schererville, IN

 Proper Title recently hired Brent Fielder as executive vice president to spearhead expansion into Northwest Indiana and beyond. 

He joined the title insurance agency after 13 years at Meridian Title Corp. where he developed multi-state title company operations and led sales teams to exceed annual sales goals.

 

CONTACTS: 

 

 Paula Widholm, pwidholm@taylorjohnson.com, 

(312) 267-4525

Kim Manning, kmanning@taylorjohnson.com, 

(312) 267-4527

Jeff Diener Joins BakerHostetler’s San Francisco Office as National Hospitality Co-Leader

Jeff Diener

 SAN FRANCISCO, CA —BakerHostetler announces that Jeff Diener has joined the firm as a partner in its Business Practice Group.

Based in San Francisco, Diener will be a member of the Real Estate team and will co-lead the national Hospitality Industry team.

Diener brings experience representing clients in the acquisition, finance, sale, development, management, restructuring and bankruptcy of hospitality, life science, technology and other real estate assets and businesses throughout the world.

John Allotta

“We are thrilled to have Jeff join our Business Practice Group and our Real Estate team," said John Allotta, chair of the Business Practice Group.

 "His institutional knowledge, particularly in the hospitality industry, will help us continue strengthening the firm’s footprint in that sector. 

“Jeff’s vast experience will be invaluable to not only the Business Practice Group, but the entire firm.”

Adds Robb Adkins, managing partner of BakerHostetler’s San Francisco office, “I speak for everyone in the San Francisco office in welcoming Jeff to our office and to the firm.” 

Robb Adkins

Diener earned a J.D. and an MBA from the University of California, Los Angeles in 2001 and a B.A. from Cornell University in 1995.

For more information on BakerHostetler’s Business Practice Group, please visit https://www.bakerlaw.com/BusinessCorporate.

Connect with us on Twitter at @BakerHostetler or on LinkedIn @BakerHostetler, @JohnAllotta, @RobbAdkins and @JeffDiener.

 

 

 CONTACT:    

John Garge  917-572-4820

Courtney B. Smith

+1-202-861-1514

cbsmith@bakerlaw.com

 

Diego Catala

+1-202-861-1515

dcatala@bakerlaw.com

 

JLL Capital Markets finds financing for two luxury mid-rise properties in Rahway, NJ

Reva Rahway, 219 apartment units
and Metro Rahway, 116 units, 
 Rahway, NJ

 

 MORRISTOWN, NJ, Jan. 7, 2021 – JLL Capital Markets has arranged financing for two luxury, mid-rise multi-housing properties totaling 335 units in the northern New Jersey community of Rahway.

 JLL worked on behalf of the borrower, Sterling Properties Group, LLC and AST Development, to place two separate 10-year, fixed-rate loans with New York Life Real Estate Investors.

 

Jon Mikula

The newly constructed REVA Rahway totals 219 units in a mix of studio, one- and two-bedroom units averaging 937 square feet.

Apartments feature wood-style vinyl floors, stainless steel GE appliances, in-unit washers and dryers and quartz counters.

The community offers residents a fitness center, resident lounge, co-working business center and outdoor courtyard with grills.

 Metro Rahway was built in 2014 and totals 116 units comprising studio, one- and two-bedroom units that average 1,081 square feet.

Units feature nine-foot ceilings, stainless steel appliances, vinyl flooring and quartz counters. Residents have access to a fitness center, billiards room and resident lounge.

Jim Cadranell 

REVA Rahway is located at 1245 Main St. and Metro Rahway is situated at 1420 Campbell St., offering quick access U.S. Routes 1, 9, 27 and 35.

Additionally, residents of both communities can access the Rahway Train Station offering a 36-minute ride for commuters to NYC Penn Station.

The properties are within 15 minutes of over three million square feet of retail, dining and entertainment options including Aviation Plaza, Clark Commons, Menlo Park Mall and Woodbridge Center.

 Residents also benefit from proximity to Rahway’s downtown area offering museums, breweries, local markets, retailers and dining.

Carlos Silva

The Capital Markets debt advisory team representing the borrower was led by Senior Managing Directors Jon Mikula and Jim Cadranell and Analyst Carlos Silva.

 “It was our pleasure to represent both Sterling Properties and AST Development in the refinancing of their two exceptional properties,” said Cadranell. “New York Life provided very attractive long-term financing for our clients.”

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

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

 

 CONTACT:    

Cierra Lacasse

 JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com

 

JLL Capital Markets arranges $110 million in financing for Essex County industrial building in Newark, NJ

Estimated 850,000 square-foot warehouse
 and distribution facility leased
 to a credit tenant in Newark, NJ

  

MORRISTOWN, NJ, Jan. 7, 2022 – JLL Capital Markets has arranged $110 million in permanent financing for an estimated 850,000 square-foot warehouse and distribution facility leased to a credit tenant in Newark, New Jersey.

 JLL worked on behalf of the borrower to place the 15-year, fixed-rate, non-recourse loan with a correspondent life insurance company.

Thomas E Didio, Jr. 

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Thomas R. Didio, Director Thomas E Didio, Jr. and Associate Ryan Carroll.

 “Debt capital sources have never been hungrier for institutional-quality, infill warehousing and distribution facilities,” Didio, Jr. said.

“JLL is pleased to have worked alongside the borrower to deliver aggressively priced 15-year debt through our correspondent life company network.”

 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.

Thomas R. Didio Sr.

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.

 About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.

 

JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities.

 Ryan Carroll

JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce more than 95,000 as of September 30, 2021.

 JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 

 

 

 CONTACT:    

Kimberly Steele

 JLL Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

jll.com