Done Deals: Mar 13, 2024

Wednesday, March 13, 2024

JLL Capital Markets brokers $160 million construction financing for the 95-unit Caretta oceanside condominium development in Juno Beach, FL, JDL Corp.’s first project in Florida

Caretta, a 95-unit, luxury, boutique
condominium development located
in Juno Beach, FL

MIAMI, FL – JLL Capital Markets has closed the $160 million construction financing for Caretta, a 95-unit, luxury, boutique condominium development located in Juno Beach, Florida.

Matthew Lawton,

JLL worked on behalf of the borrower, JDL Development and Wanxiang America Real Estate Group, to secure the loan through Bsafal Inc.

The JLL Capital Markets Debt Advisory team was led by Executive Managing Director Matthew Lawton, Managing Director Brian Gaswirth, Associate Paul Adams and Analyst Shane Ciacci.

"We are thrilled to collaborate with JDL, a highly regarded developer with an impressive portfolio of projects that have left an incredible mark on Chicago's skyline," said Gaswirth. "Their entry into the Juno Beach condo market presents a tremendous opportunity for them to create a similar legacy in South Florida."

Brian Gaswirth

With an anticipated completion of 2025, Caretta will offer 95 expansive two-, three- and four-bedroom units, averaging 3,137 square feet.

Designed by Hartshorne Plunkard Architecture, Caretta will feature elegant finishes, 10-foot ceilings, European oak wood floors, quartzite countertops and large terraces, and select ground-floor units will offer private lawns and pools.

Additionally, eastern facing, upper floor units will have expansive ocean views given the low-rise nature of the properties to the east.

Community amenities will include a rooftop deck with an infinity edge pool, a fitness center, a sauna, a catering kitchen, a card room, a wine storage room and lounges, in addition to a dog park, bike storage, a 24/7 concierge, dedicated beach service and more.

Paul Adams

The property will also feature ground-floor retailers and a restaurant, offering residents exceptional amenities to enjoy while creating an urban atmosphere.

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.

Shane Ciacci.

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:

Jenna Sharp

JLL, Public Relations

Capital Markets

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com

jll.com.

Hold-Thyssen Completes New Multi-Year Lease Agreement for Relocation of Luxury Vacation Club’s Orlando Branch

Darby Hold

WINTER PARK, FL -- Hold-Thyssen, Inc., a full-service commercial real estate services firm recently completed a multi-year lease agreement with Holidays Lounge, LLC at 1031 W. Morse Blvd. in Winter Park.

The vacation and leisure lifestyle club leased a 1,686 square foot suite in the Class A office building to relocate its Orlando office.

Senior Director, Darby Hold negotiated the agreement on behalf of Morse Boulevard Development Associates, LLC, landlord at the 47,852 square foot three-story office building that is currently 90 percent leased.

Rhonda Chesmore

Holidays Lounge provides its members with access to over 3,000 luxury resort destinations in more than 80 different countries. Rhonda Chesmore of Kelly Price & Company represented the tenant in this transaction.

The 1031 W. Morse Blvd. building is also home to Seacoast Bank, Timber Resorts and Carr, Riggs and Ingram.

Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide. The 40-year-old firm’s current portfolio includes more than 100 commercial properties throughout the United States.

CONTACTS:

-Robert P. Hold

Principal

Hold-Thyssen, Inc.

407-691-0505

bhold@HoldThyssen.com

Beth Payan

Larry Vershel Communications Inc.

407-461-3781

beth@larryvershel.com

Hovr Releases First Annual 2024 State of Travel and Hospitality Buyer’s Journey

Jason Craparo

PHILADELPHIA, PA, March 13, 2024—Officials of Hovr, an online quality content provider that encourages greater guest engagement, today released the first annual “2024 State of Travel and Hospitality Buyer’s Journey.”

The in-depth report examines seven trends impacting travel purchasing decisions in 2024, as well as ways to further engage guests to increase the likelihood of bookings.

“Consumer habits across the board changed in drastic ways in the years following the pandemic, and travel is no exception,” said Jason Craparo, CEO, Hovr. “In an effort to help hotel marketers better connect with potential guests, we have compiled the first annual ‘State of Travel and Hospitality Buyer’s Journey.’

"Filled with facts and figures that can help hoteliers improve their bottom lines, we believe this information will prove vital for hotels looking to increase direct bookings.”

CONTACT:

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

www.gethovr.com.

Kevin Sheehan returns to JLL Capital Markets as Managing Director in the Los Angeles office

Kevin Sheehan

LOS ANGELES, CA, March 13, 2024 –  JLL Capital Markets is pleased to announce the return of Kevin Sheehan as Managing Director in the Los Angeles office. In his new role, Sheehan will be responsible for institutional multi-housing investment sale advisory and equity placement within Greater Los Angeles.

Chelsea Jervis

Sheehan will be joining the market-leading Southern California multi-housing investment sales and advisory team led by Senior Managing Director Blake Rogers, also in the Los Angeles office.

The team also includes Managing Director Ryan Fitzpatrick and Directors Chelsea Jervis and CJ Angle in Orange County, as well as Managing Directors Alexandra Caniglia and Kip Malo in San Diego.

Prior to rejoining JLL, Sheehan was responsible for multi-housing investments in Southern California and nationally for a leading living developer.

Alexandra Caniglia

Throughout his impressive career, Sheehan has been involved in the disposition, acquisition and capitalization of approximately $3 billion of multi-housing transactions.

Ryan Fitzpatrick

"We could not be more excited to welcome Kevin back to JLL, and to our institutional multi-housing investment advisory team," said Blake Rogers, Senior Managing Director at JLL.

CJ Angle

"His experience on the principal side of the industry brings valuable insights and perspectives. His presence will greatly benefit our clients as we continue our relentless pursuit of providing best-in-class service."