Monday, February 14, 2022

T. Bone Pickens Ranch Estate in Pampa, TX Back on Market at $170 Million, Down from $250 Million

 

T. Boone Pickens

   DALLAS, TX --  T. Boone Pickens amassed his fortune via a concept he figured out as a paperboy. He expanded his paper route from 28 customers to 158 customers by buying out other delivery boys’ routes, according to TopTenRealEstateDeals.com.


Mesa Vista Ranch in  Roberts County, Pampa, TX


It was the same proven theory he used to grow his oil and natural gas business that in time brought him a net worth of $950 million by the time of his death in 2019 at the age of 91. 


One of the world's best-kept ranch homes --
Mesa Vista Ranch in Pampa, TX 


 In 2017 when he began selling off his assets, he put his much-loved Mesa Vista Ranch in Pampa, TX up for sale at $250 million.  The 64,672-acre ranch is back on the market with a large price reduction to $170 million.



Pickens spent years making his Texas ranch into one of the world's most valuable properties. Ranch includes a chapel, 51,000 square feet of living space, pub, vet lab, airplane runway and hangar, golf course and tennis courts.




 The oilman and pioneering corporate raider began working on his Mesa Vista Ranch in 1971 adding a 6,000-square-foot family home, 12,000-square-foot lake house, 33,000-square-foot lodge, a chapel, pub, airplane runway and hangar, golf course, tennis courts and even the Oklahoma white-frame home where he grew up.




 The buildings have a rustic but contemporary ambiance dressed in variations of Pickens’ favorite orange color, giving warmth to the glass, stone and wood interiors.





 Dog lovers will be happy to know that with a capacity for 40 dogs, the palatial stone kennel also contains a vet lab and large exercise space.




 Pickens’ soft spot was that he loved nature.  He made sure that wildlife had plenty of water by adding approximately 20 ponds and dredging out existing ones along with extending game watering systems into far reaches. 




 He brought in thousands of tons of additional landscaping material to add lushness to the topography and add additional protection for wildlife. 



He turned the ranch not only into an exceptional human getaway but took into consideration the welfare of all living things on the land.

 

Structures are separated from each other, providing an unusual amount of privacy between them. Imagine having so much land that one must drive twelve miles on your own land to get from the lodge to the residence, or three miles to the private jetport.




 

With everything on the ranch so carefully thought out, even the airport has a two-bedroom, two-bath apartment above the hangar for pilots.

 

Everything is there; it was the ranch’s own picturesque stone chapel where T. Boone and his fifth wife were married. 

 

At the time of his death, he had amassed a fortune of $950 million and had five children.


Monte Lyons


Pickens died at his home in Dallas on September 11, 2019. He was in declining health and suffered a series of strokes and a fall in 2017, but the cause of death was not disclosed at the time of his death.

 

The listing agent is Monte Lyons of Hall & Hall, Lubbock, Texas

 

 

CONTACT:

 

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

 

Source:  TopTenRealEstateDeals.com  
Video:  https://www.youtube.com/watch?v=H3p7MR68J7g 
Video Credit:  Sean Evans, @evvo1991 https://www.backtothemovies.com/

Photo credit:  Mesa Vista Ranch

 Source: hallhall.com

 

JLL Capital Markets arranges $64 million in acquisition financing for the 227-unit Summer House apartments in Stamford, CT

Mona Carlton
 

 MIAMI, FL,  Feb. 14, 2022 – JLL Capital Markets announced that it has arranged $64 million in acquisition financing for Summer House, a 227-unit, high-rise apartment community located in downtown Stamford, Connecticut.

Elliott Throne

 JLL worked on behalf of the borrower, Beachwold Residential, to secure the 10-year, full-term interest only, fixed-rate loan through Freddie Mac Multifamily. 

The loan will be serviced by Jones Lang LaSalle Multifamily, LLC, a Freddie Mac Optigo lender.

Built in 2016, the 22-story building features studio, one-, two-, and three-bedroom units with city and water views, wood plank flooring, stone countertops, Stainless steel appliances, modern cabinetry, in-unit washers and dryers, and walk-in closets.

Amit Kakar



  • The community amenities include an outdoor pool with lounge area, a fitness center, a yoga studio, an entertainment kitchen, a coffee bar, electric vehicle charging stations, a rooftop garden, a business center, a billiards lounge, a pet grooming area, bicycle storage and 360-degree views of the Long Island Sound and New York City skyline.

 2,700 square feet of ground-floor retail sits below the residential units.

 Located at 184 Summer St., Summer House is situated in the center of Stamford’s Central Business District and is near the Harbor Point Waterfront.

Josh Odessky

The property is proximate to the Stamford Transportation Center, which allows access to the Metro-North Railroad, Amtrak’s Acela and Regional line and ConnDOT trains to New York City, Boston and Washington D.C.

Interstate 95 and Merritt Parkway also provide residents easy connectivity across the city. The property is adjacent to a 20,000-square-foot Target and is a block from Bedford Street, which is Stamford’s main shopping, dining and nightlife destination.

Kenny Cutler 



The 12-acre Mill River park is within close distance of the community. 

Nearby airports include Westchester County, as well as JFK International, LaGuardia and Newark Liberty International.

 The JLL Capital Markets Debt Advisory Team representing the borrower was led by Senior Managing Director Mona Carlton, Senior Managing Director Elliott Throne, Director Amit Kakar, Director Kenny Cutler and Analyst Josh Odessky.

 “Summer House’s strong infill location and luxury finishes position it well for continued growth in the thriving downtown Stamford submarket,” Kakar said.

Summer House, a 227-unit, high-rise
 apartment community located
in downtown Stamford, CT

“The property is an excellent addition to Beachwold’s portfolio, and we are thrilled to have assisted with this financing.”

 JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform.

CONTACTS:

Jenna Sharp

JLL

M +1 214 394 3356

JLL.com

 

JLL Capital Markets arranges $12.8 million loan for Hyde Development and Mortenson Properties, Inc.’s Northern Stacks VIII and The Boiler Room projects in Fridley, MN

 

 Britta Lund

 MINNEAPOLIS, MN, Feb. 14, 2022 – JLL Capital Markets announced today that it has arranged a $12.8 million refinancing for Northern Stacks VIII and The Boiler Room, a fully leased 178,763-square-foot industrial distribution and warehouse facility and a 13,186-square-foot brewery and events center in the first ring suburban Minneapolis community of Fridley, Minnesota.

Brock Yaffe

JLL worked on behalf of the borrower, a joint venture between Minneapolis-based Hyde Development and Mortenson Properties, Inc., to place the seven-year, fixed-rate loan with a regional bank. Loan proceeds will be used to take out two acquisition and redevelopment loans.

Rendering of Northern Stacks VIII, Fridley, MN

The JLL Capital Markets Debt Placement team representing the borrower was led by Managing Director Brock Yaffe and Associate Britta Lund.

 “Superior sponsorship combined with an infill location with outstanding transportation access and limited new supply in the surrounding area attracted significant lender interest to this financing,” Yaffe said.

 

“The Forgotten Star Brewery and Northern Stacks Events Center is not only an invaluable amenity for the Northern Stacks industrial campus but also a celebrated gathering space for the entire Fridley community,” Lund added.

 

Northern Stacks VIII and The Boiler Room are both located within the awarding-winning, 122-acre Northern Stacks industrial campus, which was once home to a Naval Industrial Reserve Ordnance Plant. 


The Boiler Room, Fridley, MN

The campus is a sustainable, state-of-the-art business park that enables business development and brings thousands of jobs to the local economy.

 

Situated at 5101 Industrial Blvd. and 38 Northern Stacks Dr., the buildings are proximate to Interstate 694 positioned between the Mississippi River and a BNSF railway.

This strategic location near where Highway 100 and Interstates 694 and 94 intersect, provide tenants with accessibility to the entire Twin Cities metro and beyond.

 

CONTACTS:

Kimberly Steele

 JLL Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 

Operation Plans Presented for New Comprehensive Senior Living Community in Closter, NJ

Kelly Andress
 

 CLOSTER, NJ --  Development and operation plans for the Residences at Reuten Park, a proposed 195-unit luxury senior-living development in Closter, were presented last week to the borough’s Zoning Board of Adjustments.

 Property owner Reuten Associates and developer Metropolis Property Group are seeking a variance to transform outdated industrial buildings at Reuten Corporate Park, located at 231 and 239 Herbert Avenue, into a modern community providing a mix of independent living, assisted living and memory care.

“We pride ourselves in improving the quality of life for our residents,” said Kelly Andress, founder and president of SageLife, which develops and operates congregate, independent and assisted living communities throughout the East Coast.

“Regardless of the sector – whether it’s independent living, assisted living or memory care  it’s imperative that we create a space equipped with top-tier amenities, services, technologies and resources, and most importantly, a space that feels like home.”

Mike Reuten

“Our mission is to create a vibrant space where seniors within our community can thrive,” said Mike Reuten, owner and managing partner of Reuten Associates.

“Throughout the development process, I’ve constantly asked myself, ‘is this a space that mom can call home?’

"This project has become very personal to me for several reasons, mostly because it’s more than just a building or a structure. We’re creating an environment to which our residents, some of whom will be my family members and friends, will feel connected.”

 

 CONTACTS:

Claudia Velasquez

claudia@violetpr.com

O: 646-586-9931

C: 862-703-9202

Violet PR
8 Hillside Avenue, LL1
Montclair, NJ 07042

www.violetpr.com

 https://www.metropolispropertygroup.com/

The Keyes Company Expands to Brickell Key, FL with New Office

Patrizia Pluchino
 

 MIAMI, FL, Feb. 14, 2022 – The Keyes Company, Florida’s largest independent real estate firm, opened a new office on Miami’s Brickell Key.

 The 615 Brickell Key Drive office gives Keyes an important physical location for its Associates who live on the 44-acre island or in the adjacent Brickell Financial District.

 Keyes is now the only real estate firm with a corporate branch on Brickell Key. Patrizia Pluchino, District Sales Manager of the firm’s Brickell office, is also overseeing the Brickell Key location.

Mike Pappas

 Boutique brokerage Brickell Royalty previously occupied the space. Keyes assumed Brickell Royalty’s lease and operations as part of the transaction. Brickell Royalty’s agents are now affiliated with Keyes.

 The Brickell Key office complements Keyes’ corporate headquarters, which comprises the Brickell office and is just steps away from the neighborhood at 2121 SW Third Ave.

 “We are thrilled to open this new office, which positions us to accommodate a Brickell market population that exceeds 100,000 people,” Keyes/Illustrated CEO Mike Pappas said.

Steven Reibel 

“It also provides a convenient workplace for our Associates who live on Brickell Key or in Brickell. I applaud our Senior Vice President Steven Reibel and Patrizia Pluchino for their efforts in making this expansion possible.”

 Located at the mouth of the Miami River with a bridge connecting to Brickell Avenue, Brickell Key is home to 11 high-rise condominium buildings and 2,000 residents. Many professionals work out of Courvoisier Centre, a Class A office and retail property with two buildings totaling 345,568 square feet on Brickell Key.

 

 CONTACTS:

  Eric Kalis

 BoardroomPR

ekalis@boardroompr.com

954-370-8999


 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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