Hertz Investment Group Secures $65 Million Bond Raise on the Israeli Stock Exchange

 

Brookhollow Central—a three-tower,Class-A office complex totaling more than 800,000 square feet of space found in three buildings in Houston, TX

Photo Credit: Hertz Investment Group

HOUSTON, TX — Hertz Investment Group (HIG), a fully integrated real estate investment firm, has completed a finance package through a bond raise on the Tel Aviv Stock Exchange which raised the proceeds necessary to amply fund future leasing costs and repay existing debt on Brookhollow Central—a three-tower Class-A office complex totaling more than 800,000 square feet of space found in three buildings that stand both 12 and 14 stories high. The property is located in the desirable West Loop market in the heart of Houston.     Robert Licht Hertz Investment Group looked to secure financing in both the US and Israeli markets and after comprehensive research and due diligence, Hertz decided to complete the $65 million bond raise through the Tel Aviv Stock Exchange.     “Our existing subsidiary in Israel provides additional options for capital that most of our competitors do not have. These additional options allow us to execute our strategic plans more effectively,” said Robert Licht, Chief Financial Officer of Hertz Investment Group. “Now that we have secured this leasing package, we can deploy these funds to further enhance leasing efforts and achieve a fully stabilized occupancy level on this asset.”    Brookhollow is situated between two of Houston’s most-traveled freeways and just minutes from the Galleria, which is considered the retail and restaurant mecca of Texas. The property offers exceptional accessibility and convenience of abundant nearby and on-site amenities including an auditorium-style conference facility, sundry shop, fitness center, bank, deli and the convenience of three parking garages providing 2,788 parking spaces.   Zev Hertz   “Even though the real estate market in Houston has been challenging over the past two years, we’ve been able to outperform in our leasing efforts during this time,” said Zev Hertz, Chairman and CEO. “We weathered the storm for many reasons, mainly due to the property’s prime location, our focused on-site management, one-on-one relationships with our tenants and being anchored by solid, well-established companies.”    As the world is emerging from the pandemic, Hertz Investment Group is well-positioned to evolve, adapt to changes in the marketplace and to continue to fulfil the needs of its Brookhollow customers.  ###  About Hertz Investment Group  Founded in 1977, Hertz Investment Group is a fully integrated real estate investment firm that acquires, markets and manages signature high-rise office properties throughout the United States. Currently, its portfolio of investment properties comprises more than 21 million square feet located in 25 cities throughout the United States. For more information, visit www.hertzgroup.com   CONTACTS: Leeza Hoyt, llhoyt@hoytorg.com Raegan Haggard, rhaggard@hoytorg.com   The Hoyt Organization,310-373-0103

Bob Hope's Toluca Lake, California home listed at $29 million

 Leslie Townes (,Bob) Hope

Toluca Lake, LOS ANGELES, CA -- Bob Hope was not only the penultimate entertainer, he was also a passionate golfer. 

 He loved golf so much that in one of his famous quotes he said, “Golf is my real profession. Entertainment is just a sideline. I tell jokes to pay my greens fees.”  

What was Hope’s full-time home in Toluca Lake has a one-hole golf course, designed by Hope himself, with two tee positions.  That home has currently hit the market at $29 million.

Bob and wife Dolores Hope

 

Born in London in 1903 with a big name, Leslie Townes Hope, he emigrated to the U.S. with his parents at age four. 

 

His distinctive appearance with the well-recognized ski-jump nose came from reconstructive surgery after his face was crushed by a falling tree while helping his brother cut trees, according to TopTenRealEstateDeals.com.

Kevin Dees 

By age 20, he was on his career path starting in radio with his one-liners and quick, mostly self-deprecating jokes and it wasn’t long before he was on his way to Hollywood. 

Hope was the whole package that Hollywood demanded back in the day.  Stars were expected, and were trained, to sing, dance and act by the studios. 

 

Hope arrived in Hollywood with something extra that set him apart:  a rare timing ability for delivering comedy.  

 

With increasing fame and the increasing wealth that followed, Hope was able to choose any home that met his fancy, from his UFO vacation house in Palm Springs to his permanent house with a mini-golf course in LA’s Toluca Lake

 neighborhood. 

 Hope and wife, Dolores, built the house in 1939 as an English Traditional, which they made more contemporary in 1950. 

 

 Nestled on a beautifully landscaped five acres of mature evergreens, rose gardens, and the one-hole golf course with sand trap and driving greens, the 14,848-square-foot home includes eight bedrooms, eight baths, indoor pool and spa, billiard room, bar and chef’s kitchen. 

There is also a guest house, staff quarters, staff offices and large outdoor pool.  The private primary suite wing has two bedrooms, his-and-her baths and dressing rooms and a shared study. 

 

There is a home theater and a gym with a steam and infrared sauna, a four-car garage, motor court, extensive security system, security office, and three electric gate entrances. 

An ancillary structure contains a tennis pavilion, commercial kitchen, security office, conference room and a walk-in fireproof safe. 

 

Over the years the home has played host to presidents and a large number of celebrities.

 

Bob Hope died in 2003. His longtime home in Toluca Lake is for sale at $29 million. Kevin Dees of The Agency in Beverly Hills holds the listing.

 

CONTACT:

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

Photo credit: Simon Berlyn, courtesy of The Agency
Source:  TopTenRealEstateDeals.com