Done Deals: Feb 21, 2023

Tuesday, February 21, 2023

SkyBridge Expands at Phoenix-Mesa Gateway Airport with 250,000 SF “Building 109”

Groundbreaking special guests: From left: Apache Junction Mayor and PMGAA Secretary Chip Wilson, Gilbert Mayor and PMGAA Board Chair Brigette Peterson, Mesa Director of Economic Development Bill Jabjiniak, SkyBridge Arizona President Ariel Picker, PMGAA Executive Director and CEO Brian O'Neill, Queen Creek Mayor and PMGAA Board Director Julia Wheatley

MESA, AZ, Feb. 21, 2023 – SkyBridge Arizona today broke ground on SkyBridge Building 109, the developer’s latest addition to its 435-acre mixed-use project immediately adjacent to the runway at Phoenix-Mesa Gateway Airport in Mesa, Arizona.

Jackie Orcutt

The event brought together project team members Graycor Construction Company and CBRE - Phoenix, as well as local dignitaries including Brian O’Neill, Executive Director and CEO of Phoenix-Mesa Gateway Airport Authority (PMGAA); Bridget Peterson, Town of Gilbert Mayor and current PMGAA Board Chair; and Bill Jabjiniak, Director of Economic Development, City of Mesa.

Bridget Peterson

The architect for SkyBridge Building 109 is ADM Group. The general contractor is Graycor Construction Company.

Jackie Orcutt, Pete Wentis, Kevin Cosca, Jonathan Teeter and Alex Wentis of CBRE are the exclusive leasing brokers.

Ariel Picker

Building 109 is the first of two 250,000-square-foot, Class A manufacturing/warehouse/logistics buildings that SkyBridge plans to break ground on at Gateway Airport during the first half of this year.

This will bring their new building deliverables at the development to one-half-million square feet, with space targeting air cargo, e-commerce, manufacturing and aviation and defense specialists.

“The East Valley is metro Phoenix’s new frontier for aerospace, advanced manufacturing and logistics growth, which makes it a very exciting time to build here,” said Ariel Picker, President of SkyBridge Arizona and SkyBridge Plus Development.

J. Brian O’Neill

“We appreciate the collective effort it takes to bring a Class A mixed-use project like this to life, and look forward to all that SkyBridge will do to serve its future tenants and streamline the U.S.-Mexico logistics chain.”

“Phoenix-Mesa Gateway Airport applauds the start of this exciting project,” said O’Neill. “Every groundbreaking and every ribbon cutting within SkyBridge Arizona represents new jobs and a positive impact on our regional economy.”

In addition to providing immediate access to Gateway Airport, Building 109 will feature 32’ clear height, a 7” reinforced slab on 4” AMC, 30 dock-high and 6 ground-level doors, and generous power and parking.

Bill Jabjiniak

The building is divisible to approximately 80,000 square feet, allowing it to serve a wide range of tenant types and sizes.

“The Southeast Valley is courting over 13 million square feet of active users in the market. This next phase of SkyBridge Arizona welcomes tenants from aerospace and tech-related manufacturing to cargo and logistics companies catering to the local market or looking to take advantage of the unified cargo process,” said CBRE Senior Vice President Jackie Orcutt.

Pete Wentis

“We are excited to be working with SkyBridge on another Class A industrial development for the Phoenix-Mesa Gateway submarket!”

When complete, SkyBridge will be the nation’s first cargo hub with a joint U.S.-Mexico Customs inspection facility on site.

The project is slated for 1.3 million square feet of aeronautical development, almost 2.2 million square feet of non-aeronautical development and 270,000 square feet of commercial retail and office development.

On behalf of SkyBridge, Graycor has already completed 134,500 square feet of space in two buildings at the Gateway Airport site.

Kevin Cosca

The first is an 82,500-square-foot, Class A hangar building with office space and four bays to accommodate aircraft as large as a G650 business jet.

The second is a 52,000-square-foot flex industrial building with 24’ clear height, storefront entries, administrative offices, conference and break areas, and a warehouse component with up to four docks. Both buildings are fully leased.

“It was our pleasure to deliver the very first buildings at SkyBridge and we’re honored and excited to build the next,” said Rusty Martin, Graycor Construction Company’s Southwest Division General Manager.

Jonathan Teeter

“SkyBridge has a clear vision and true commitment to deliver high-quality product that is uniquely airport accessible and in line with what aerospace and logistics-related tenants are seeking as they locate and expand in Arizona.”

The SkyBridge master-planned development is located along the southwest portion of the runway at Gateway Airport.

It is slated to become a first-of-its-kind Unified Cargo Processing (UCP) facility, allowing users to complete on-site cargo inspections and processing so that shipments between the U.S. and Mexico can be expedited directly to their destinations in Mexico.

Alex Wentis

SkyBridge continues to pursue end-users with a focus on aeronautical and industrial requirements, in conjunction with economic development teams from the City of Mesa and State of Arizona.

CONTACTS:

Stacey Hershauer

focusAZ

P 480.600.0195

Illustrated Properties Closes Two Commercial Deals Totaling $5 Million in Broward and Palm Beach counties

Lorin Romeo Romay

Fort Lauderdale, FL and Atlantis, FL. Feb. 21, 2023 – Illustrated Properties and Hanlon Realty Group just completed two commercial real estate sales totaling nearly $5 million in Broward and Palm Beach counties.

Lorin Romeo Romay of Illustrated represented the buyers, in collaboration with Sherri Hanlon of Hanlon Realty Group, of a flex building in Fort Lauderdale and a medical office building in Atlantis.

Romay and Hanlon completed the $2.34 million sale of the 5149 NW Ninth Ave. flex building. Rabtown Inc. purchased the 9,937-square-foot building from Coconut Fields Forever, LLC.

The buyer plans to operate a doggie daycare and boarding service in a 7,000-square-foot space at the building. Romay and Hanlon are marketing the remaining 3,000 square feet, which will soon be available for lease.

Sherri Hanlon

In Atlantis, the agents represented Kidney and Hypertension of the Palm Beaches, PLLC in its purchase of a 6,718-square-foot medical office building at 101 John F. Kennedy Drive.

Strategic Realty Services represented sellers Da Vinci Diagnostic Facility LLC and Da Vinci Diagnostics Facility II LLC.

Perseverance, strong negotiating skills and follow-up were key components when the agents were faced with multiple challenges throughout both transactions.

5149 NW Ninth Ave. flex building, Fort Lauderdale, FL

The medical office deal was two years in the making, with Romay initiating the opportunity through a cold call to the seller.

The buyer is a nephrologist and will operate out of the facility alongside his wife, who is also a physician of internal medicine and owner of Mohr Medical, LLC.

Romay and Hanlon have longstanding relationships with both buyers and have plans to help both clients expand locations further in the future.

CONTACT:

Eric Kalis

Vice President,

BoardroomPR

ekalis@boardroompr.com

O 954-370-8999

C 305-794-5123

Bank of America Plaza

1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

ipre.com.

Groupe Mercure Forbes Properties - The castle market remains particularly attractive with a return of foreign customers

Olivier de Chabot-Tramecourt

PARIS, FRANCE -- Prestige and character property: a positive balance sheet for 2022 and an encouraging outlook for 2023 despite an uncertain context. The castle market remains particularly attractive with a return of foreign customers.

Mercure Forbes Global Properties, which has been specialising in prestige and character properties for 87 years, has posted a 22% increase in results despite a complicated macro-economic and geopolitical context in the second half of 2022.

For 2023, some uncertainties weigh on the property market, mainly linked to the rise of interest rates, energy costs and the increase in raw materials.

Nevertheless, after the opening of two new agencies in 2021, the group confirms its ambitions for 2023 by continuing its development in France.

"2022 has been an excellent year for the group, with sustained and increasing growth, a rebalancing of our business between urban and rural areas while accelerating our structuring plan," said Olivier de Chabot-Tramecourt, Managing Director of Mercure Forbes Global Properties.

The group began 2022 with the same momentum as at the end of 2021, recording 332 transactions for a volume of just over 290 million euro.

The presidential elections did not interrupt the good start to the first half of 2022, which accounted for 60% of the year's transactions.

The first signs of a slowdown came in July with a drop in visits and signatures. The property market contracted in the second half of the year as a result of the economic and geopolitical context.

The rise in energy prices and new environmental standards led to a return to negotiation in favor of buyers of around 3 to 6%.

The declining demand in major cities such as Bordeaux, Lyon or Toulouse has led to a further downturn in this market, contributing to a rebalancing of prices, except in Paris, which has maintained its dynamic as the capital city and attraction to foreigners looking for top-of-the-range property in the City of Light.

Another remarkable fact of 2022: the return of foreign customers. While Asian buyers have not yet returned and British customers are still few in number to request visiting properties, American customers have benefited from the euro/dollar parity with a gain in purchasing power of up to 20%.

The group's foreign investors accounted for 14% of turnover compared to 11% in 2021 when European neighbors were predominant.

The castle market

The group's leadership in the castle market has seen a 14% increase in the segment's share of sales for the year, with castles accounting for 34% of Mercure Forbes Global Properties' transactions in 2022.

The group still holds 50% of the castles for sale in France and maintains its market share of one in three castles sold in France with a cumulative number of over 5,100 castles sold.

Mercure Forbes Global Properties, a real estate group committed to the conservation and preservation of built heritage, is also becoming a leader of the Demeure Historique and strengthening its ties with Vieilles Maisons Françaises and Dartagnans.

2022 or the rebalancing between rural and urban areas

Since 2020, the sanitory crisis, the remote working new tendency and people who are seeking for an authentic lifestyle, have intensified the demand in rural market.

This phenomenon resulted in a 30% contraction in the stock of character houses, manor houses and castles, especially in the attractive areas of the major cities and along the main communication routes (transport, internet, services, etc.).

New customers in town centres contributed to a more balanced negotiation environment with sellers for well-situated flats and town houses which have small exterior, and, endowed with the characteristics of the beautiful french heritage.

This period contrasts with 2020 and 2021 where negotiations were difficult and properties were lacking.

We notice that the demand for properties which aims to develop tourist activity is currently increasing. It is however difficult to find an appropriate property for such commercial activities.

For Mercure, the second home market is dynamic with an increase of 6% in 2022. This is motivated by the changes in the ways that the customers make use of the properties, for whom these second, vacation homes become their main address.

About Mercure Forbes Global Properties Group

Mercure Forbes Global Properties is a specialist and a true expert, and since 1936 has been offering the most comprehensive selection of French real estate.

From charming houses to castles, from rural estates to urban and contemporary properties, the Mercure Forbes Global Properties group offers more than 1,000 character properties for sale and rent throughout France.

With 20 locations throughout France and an international team, the group is committed to Propriétés d’Excellence by meeting the demands of a high-end French and foreign clientele.

CONTACTS:

Marion LEBEL

06.31.09.03.83

marion@aplusconseils.com

Christelle ALAMICHEL

06.31.09.03.83

christelle@aplusconseils.com

http://www.groupe-mercure.fr/

World Series MVP Pablo Sandoval Purchases Two LOFTY Brickell Luxury Residences in Miami, FL for $2 Million

Pablo Sandoval

MIAMI, FL–Newgard Development Group’s LOFTY Brickell continues to be a big hit with all kinds of luxury condominium buyers – including a three-time World Series winner.

Baseball star Pablo Sandoval, who won the 2012 World Series Most Valuable Player award while with the San Francisco Giants, purchased two LOFTY residences for $2 million.

Harvey Hernandez

Sandoval, who also made two All-Star teams during his 13-year Major League Baseball career, seized the opportunity to own two condos at the most elevated offering in Newgard’s flexible ownership concept.

Karyna Texeira

His purchase is another shining endorsement of one of the Miami condo market’s most successfully sold buildings and the continued maturation of Brickell as one of the nation’s most vibrant modern metropolises.

Leylah Fernandez

“We are thrilled to welcome Pablo Sandoval to the LOFTY Brickell family,” Newgard CEO Harvey Hernandez said. “He and many others are recognizing that our project offers an unmatched combination of luxury, flexibility, location and amenities. LOFTY is truly a grand slam for condo buyers.”

LOFTY Brickell sales executives Jeffrey Abreu and Dali Hernandez of Cervera Real Estate represented the developer in the transaction. Karyna Texeira of Brokers LLC represented Sandoval.

Dali Hernandez

Cervera is the exclusive sales and marketing company for Lofty. Another internationally famous professional athlete, Canadian tennis star Leylah Fernandez, is also a LOFTY Brickell buyer.

Located directly across from Brickell City Centre on a waterfront site on the Miami River, the 44-story LOFTY is the next evolution of condo ownership, conceived to bring a 5-star alternative for the traveler of today that might prefer to stay in a residence – yet does not want to compromise on the services and amenities of a hotel.

Jeffrey Abreu

The 362-unit LOFTY features 309 tower residences including studio, one- and two bedroom units alongside 40,000 square feet of thoughtfully curated amenities, including a private marina, a world-renowned waterfront dining destination to be announced later this year, a members-only social club, resort pool deck and fitness center, indoor/outdoor cigar lounge, co-working lounge and meeting rooms.

The 362-unit LOFTY features 309 tower residences

LOFTY’s 53-unit Penthouse Collection offers spacious two, three and three-bedroom plus den residences that are curated and will be furnished by revered design firm Artefacto.

LOFTY’s Penthouse collection also gives exclusive access to a “Penthouse Observatory,” a 2,000-square-foot private serviced VIP amenity lounge on the 35th floor, exclusive to the penthouse homeowners and their guests.

Penthouses are priced from $1.95 million to $3.5 million.

Nearly 90% of the project’s condos are sold. Urban Robot Associates is the landscape architect.