Tuesday, September 7, 2021

CT Realty signs Dallas, TX-based Total Office Solutions to 329,358-SF Lease at Stadium Logistics Center in Irving, TX

 

Stadium Logistics Center, a new Class A,
  329,358-SF industrial building, Irving, TX

 

James 'Watty' Watson
DALLAS/FORT WORTH, TX – Sept. 7, 2021 – CT Realty has leased Stadium Logistics Center, a new Class A 329,358-square-foot industrial building, to Dallas-based Total Office Solutions, a longtime provider of office furniture, corporate relocations and facilities services that is consolidating and expanding its operations.


CT executed a 10-year lease with the tenant prior to completion of the building, reflective of the high demand for supply chain distribution space amid spiking e-commerce sales nationwide.

 

Stadium Logistics Center is located on a premier 18.46-acre infill site in Irving, Texas, which CT purchased in September 2020 from NCH Corporation.


Craig Jones 
The project is part of a nationwide large-scale logistics investment and development strategy begun by CT in 2010, with special emphasis in the DFW Metroplex.

 "CT has made a significant investment in the greater DFW market to deliver modernized industrial space that meets the increasingly sophisticated needs of companies reliant on functional building designs," said James "Watty" Watson, managing partner at CT.


 

"We're thrilled to be delivering our latest project in the DFW Metroplex to a strong, local Dallas company with such a long and successful track record in the region."


Randy Touchstone

Craig Jones and Randy Touchstone at JLL represented CT in the transaction, while the tenant was represented by Robert Deptula and Collin Rock at Transwestern.  

 Stadium Logistics Center is strategically centered in the DFW Metroplex next to the former storied Texas Stadium and features a high visibility location along Highway 183 and immediately west of the I-35 Stemmons Freeway.

 


The building has 36-foot clearance and a front park/rear load configuration that is ideal for goods distribution and in demand by supply chain users. E-commerce sales, an already strong and growing demand driver for industrial distribution space, are estimated to grow by 18% in 2021, the highest year-over-year increase on record, according to eMarketer.


Robert Deptula
CT has approximately 20 million square feet of large-scale industrial projects in development in 10 key markets nationwide, 14 million square feet of which either has or will break ground in 2021.

 

The company has entered two new markets in Columbus, OH and Jacksonville, FL, where the firm is developing a 3.2 million-square-foot logistics center served by the most active deep-water cargo port in Florida.


 

 Collin Rock 
CONTACT:

 Stacey Hershauer 

 480-600-0195

stacey@focusaz.com

 ctrinvestors.com.

JLL Capital Markets arranges $16 million refinancing for Canopy Place multi-housing community in Jacksonville, FL

 Mona Carlton
 

MIAMI, FL, Sept. 7, 2021 – JLL Capital Markets announced today that it has arranged a $16 million refinancing for Canopy Place, a 150-unit, townhome-style multi-housing community in Jacksonville, Florida.

 JLL worked on behalf of the borrower, Beachwold Residential LLC, to secure the 10-year, floating-rate loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo lender.

 Elliott Throne
Canopy Place consists exclusively of three-bedroom townhomes that feature private patios, extra storage, walk-in closets and a full suite of upgraded appliances.

The community offers a swimming pool, clubhouse and children’s play area. Beachwold has implemented a renovation project that included exterior painting, interior flooring replacements and roof, air conditioning and foundation repairs.

 Located at 11050 Harts Rd., Canopy Place is near Interstates 95 and 295, providing easy access to the area’s amenities.

 Additionally, residents have access to public transportation close to the property. Nearby amenities include Regal Cinemas 14, River City Market Place, Highlands Shopping Center, UF Health North, Ray Greene Park and a variety of local and national restaurants and retail.

C.W. Early
The JLL Capital Markets debt team that represented the borrower was led by Senior Managing Directors Elliott Throne, Mona Carlton and C.W. Early, Vice President David Lott and Associate Kenny Cutler.

 “This financing produced a substantial cash-out at an extremely attractive floating rate, all while allowing for prepayment flexibility,” said Throne.

“This loan structure is one of the many benefits of Freddie Mac financing and allowed the borrower to be rewarded for their continued success since acquiring the asset.”

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

The division employs approximately 400 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors.

 JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.

Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged in California are pursuant to a California Financing Law license.

Kenny Cutler

 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.

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.

 

CONTACTS:

 

 Kimberly Steele,

JLL Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 jll.com.

 

RAAM Construction Completes $29 Million, 74-Unit Senior Housing Development in La Puente, CA

Arboleda Apartments,71,499 square-foot,
 74-Unit Affordable Senior Housing
 Development in La Puente, CA

  La Puente, Calif., (August 30, 2021) – RAAM Construction, a general building construction firm specializing in multifamily and historic preservation projects throughout California, has completed the construction of an affordable senior housing development at 1040 North Unruh Avenue in La Puente, California for $29 million.

The 71,499 square-foot property, Arboleda Apartments, consists of 74 apartment units in two conjoined four-story wood-frame buildings in La Puente, a low-income area where budget-friendly housing for seniors is scarce, according to Richard Lara, President and CEO of RAAM Construction.

“The need for affordable housing has grown in recent years due to rising home prices and an overall housing shortage, and the COVID-19 pandemic has exacerbated that need immensely,” says Lara.

Richard Lara

“La Puente is a city with strong demand for affordable rentable units, and Arboleda Apartments will greatly serve the local community by providing brand-new residential units for seniors who could not otherwise afford housing in the area.”

RAAM worked closely with Meta Housing Corporation, a developer of affordable housing communities for families and seniors, along with AMJ Construction Management Inc. and Y&M Architects, to deliver the new residences for qualified low-income seniors in the La Puente market.

“This project demonstrates once again that we are committed, along with our long-time partner Meta Housing, to meeting existing and projected housing needs throughout California in both the short and long term,” says Lara.

 CONTACTS:

Katie Haga / Lexi Astfalk

Brower Group

khaga@brower-group.com

(949) 438-6262

www.raamconstruction.com.

Sunday, September 5, 2021

Gloria Swanson’s eight bedroom, 14 bathroom, 24,000-SF New Jersey mansion, once listed at $39 million, sells for $4.6 million

Gloria Swanson’s eight bedroom, 14 bathroom,
 24,000-SF New Jersey mansion,
once listed at $39 million, sells for $4.6 million
  

 Joseph Kennedy and wife actress Gloria Swanson

ENGLEWOOD, NJ -- An Englewood, New Jersey mansion that was built for Polish royalty and was once owned by Joseph Kennedy, patriarch of the Kennedy clan, who gifted it to his mistress, silent-film-star Gloria Swanson, has sold for $4.6 million, or about 88% under its original asking price of $39 million.

 

Sara Jessica Parker

Gloria Crest, surprisingly named for the location and not Gloria Swanson, was built in 1926 by Count Stefan Poniatowski, who claimed to be the heir to Polish royalty.


Brooke Shields

The count had made millions in the silk industry and built the mansion as a testament to his wealth, according to TopTenRealEstateDeals.com.

Anne Morrow Lindbergh

 

  His wife, Edythe, landscaped the walled five acres with exotic gardens which still contain rare horticultural examples today.


Upton Sinclair 

When the stock market crashed in 1929, the count sold the villa to Kennedy, who turned around and gifted it to Ms. Swanson.


David Cassidy

Designed to resemble an Italian villa in the Renaissance Revival style encompassing 24,000 square feet on five acres of land, the home stood out in the well-to-do community and was often referred to as the White House of Englewood.

Malcolm Forbes

The mansion was originally priced at $39 million in 2013 before a series of price reductions to $9.9 million and the final price of $4.6 million.


Michelle Pais 

Although somewhat dated along with high property taxes of $168,000 per year and a complicated corporate ownership, the home has a lot going for it including a pool, pool house and aviary, stream, lake, waterfall, island and pavilion.

Count Stefan Poniatowski

The interior contains eight bedrooms, fourteen bathrooms, banquet-sized formal rooms, music bar room, den, library, chef’s kitchen, elevator, seven-car garage, greenhouse, staff quarters, gym, grotto, steam, spa, media room, and wine cellar.


                              Swanson mansion wine cellar

The three-room master suite has a sitting area and fireplace, a bath with marble soaking tub and separate shower. 

 

Additional amenities include a home theater, private gym, and a home office.


Swanson mansion interior entrance

With its prestige and proximity to Manhattan, Englewood has been home to authors Upton Sinclair and Anne Morrow Lindbergh, actor-and-musician David Cassidy, Forbes publisher Malcolm Forbes and actresses Sara Jessica Parker and Brooke Shields.

 

The selling agent is Michelle Pais from Signature Realty in Westfield, New Jersey.

 

CONTACT:

 Genelle C. Brown

Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  336-459-3728

Twitter:  @toptenrealestat
facebook.com/toptenrealestat 

 

 Photo credit: Signature Realty

Source: thegloriacrestestate.com

'Godfather' Mansion in California Looks For a Final Offer It Can’t Refuse!

         30,000-SF 'Godfather' Mansion in San Simeon, CA

SAN SIMEON, CA -- One of California’s most historic and opulent mansions, a honeymoon love nest for Jack and Jackie Kennedy, and a big star in movies such as The Godfather and The Bodyguard, the famous Hearst Estate has finally sold.

Jackie Kennedy

 The only question is the final price.

 Having been on and off the market during the 40 years it has been owned by financier-and-attorney Leonard M. Ross, who was forced into bankruptcy in 2019, the Hearst Estate was listed in August 2020 at $125 million.

 

 In April 2021 the price was dropped to $89.75 million and in June down to $69.95 million. 


President John F. (Jack) Kennedy

 After reaching the June price, the estate received multiple offers which were reviewed by the bankruptcy court. 

 

A price of $47 million was accepted by the court, but during the final proceedings will be open to a brief auction in the attempt to garner a higher price before the gavel falls, predicts TopTenRealEstateDeals.com.

William Randolph Hearst
 

Newspaper magnate, yellow journalist and two-term Democratic congressman from New York, William Randolph Hearst, the inspiration for the Charles Foster Kane character in Citizen Kane, and actress Marion Davies began their torrid love affair in 1917.


 Marion Davies

 

He was 53 and married while she was a 19-year-old chorus girl when they moved in together at his world-famous Hearst Castle in San Simeon, California.


 Beyoncé

When he agreed to downsize from the imposing 69,000-square-foot estate, Davies bought him a smaller mansion in Beverly Hills - where they lived until his death in 1951. 


Hugh Hefner

Previously known as The Beverly House, the mansion has been a frequent filming site used as a backdrop for the movies The Godfather and The Bodyguard and Beyoncé’s music video, Black is King. 

 

The home was also where Jack and Jackie Kennedy stayed during the Southern California segment of their 1953 honeymoon. 

 



 Mrs. Kennedy was so excited to be staying in such a stunning estate, she wrote a four-page letter about her stay, which is framed along with photographs that are on display at the home.

 

 The mansion was later used by Senator Kennedy as the West Coast headquarters for his 1960 presidential campaign. 



Behind iron gates on 3.5 acres and down an 800-foot driveway past a five-room gatehouse, the impressive 30,000-square-foot mansion first comes in to view. 

 

 On entering, there is such a volume of space that one is focused only on its vast size. The living room has 22-foot-arched ceilings that are hand painted. 



The room also serves as a screening room with wooden shutters that can be closed to block out light.  The family room is also used as a second screening room. 

 

There is a magnificent two-story, hand-carved, wood-paneled library where the pattern in the carpet replicates the same ceiling pattern. 




  The billiard room’s fireplace surround is from Hearst Castle and is one of eight in the house.  The pool table is from 1868 and is one of only three like it still in existence.  

 

An Art Deco nightclub is on the lower level modeled after Hugh Hefner's former Beverly Hills club, Touch, with the club’s original etched glass and doors.



Outside the Hearst Estate, the Olympic-sized pool is fed by two reflecting pools that spill into the main pool surrounded by terraces, manicured lawns, columned pergolas and splashing fountains - an area that can accommodate up to a thousand guests. 

 

Tucked into the landscaping is a tennis court with its own pavilion.  Ancillary improvements include two staff/guest apartments, a pool house and a two-story, five-bedroom gatehouse.


Leonard M. Ross

Regardless of what happens before the gavel hits its mark, Mr. Ross will be saying goodbye to his exquisite mansion, and it will move forward to welcome a new set of owners and guests.

 

The property is co-listed by Anthony Marguleas of Amalfi Estates, Gary Gold of Hilton & Hyland, Zizi Pak of Rodeo Realty and John Gould of Rodeo Realty, all located in Beverly Hills.

 

CONTACT:

 Genelle C. Brown

Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  336-459-3728

Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

 

Photo Credit:  Jim Bartsch
Source:  TopTenRealEstateDeals.com

Source: www.thehearstestate.com
Video:  https://www.youtube.com/watch?v=U5C4Y-QnCxY

Video Credit:  Sean Evans, @evvo1991 backtothemovies.com/ 

Saturday, September 4, 2021

New York's 'Famous' Joe’s Pizza to Open First Miami Location at Wynwood 25



 MIAMI, FL – DWNTWN Realty Advisors Co-Founder and Managing Partner Tony Arellano and Executive Joe Fernandez are curating one of Wynwood’s signature buildings with a compelling mix of tenants.

 Tony Arellano 
In the latest example, the brokers represented Wynwood 25’s owners in a long-term lease with New York staple 'Famous' Joe’s Pizza.

 Joe’s Pizza, the family owned and operated “Greenwich Village institution” since 1975, is set to open its first Miami location at Wynwood 25.

 The 1,758-square-foot eatery is scheduled to debut in spring 2022. It joins the award-winning Japanese restaurant Uchi Miami, Danny Meyer-backed Salt & Straw, Bartaco and Dogfish Head Miami as notable Wynwood 25 food-and-beverage tenants.

Joe Fernandez 

DWNTWN is also successfully leasing up the Wynwood Annex office building next door to Wynwood 25. Both buildings were developed by the Related Group and East End Capital.

 Wynwood 25 has 289 apartment units and about 30,000 square feet of retail and restaurant space.

 “We are thrilled to play a pivotal role in Wynwood becoming one of Miami’s top food-and-beverage submarkets, in terms of both sales metrics and brand recognition,” Arellano said.

Jared Robins
 “Demand from New York operators like Joe’s Pizza is at historically high levels. 

"Wynwood 25, with its turnkey ground-floor restaurant space and proximity to thousands of residents, professionals and visitors, was a perfect option for Joe’s inaugural Miami location.”

 Jared Robins, Founder of INHOUSE COMMERCIAL – a Miami-based firm launched in 2021 and focusing on retail leasing in South Florida, and John Ellis, Managing Director of Newmark, represented Joe’s Pizza in the Wynwood 25 lease.

John Ellis

Joe’s Pizza Founder Joe Pozzuoli is originally from Naples, Italy and still owns and operates his flagship New York location at 84 years old.

 His son, Joe, Jr., and grandchildren Sal and Pino Vitale are part of the ownership and operations team in Miami. Locals and tourists alike flock to Joe’s for an authentic New York street slice.

 “After an extensive search, Joe’s Pizza zeroed in on Wynwood for its first foray into Miami,” Fernandez said.

Pino "Joe" Pozzuoli Sr.

“With such a huge following up north, Joe’s will greatly benefit from the New York migration into Wynwood and the substantial pipeline of new office and residential development.

Joe Pozzuoli Jr. (left) and father Joe Pozzuoli Sr.

"The residential component of Wynwood 25 also made the building a particularly attractive option for Joe’s.”

 Devlin Marinoff
DWNTWN is the market leader in Wynwood and other urban core neighborhoods in Miami. Arellano and fellow Co-Founder and Managing Partner Devlin Marinoff have more than $100 million in pending transactions in Wynwood.

 The firm has participated in more than $350 million in investment and development sales in the neighborhood over the last few years.

 Over the course of his career, Arellano has completed more than 250 leases in Wynwood and played a pivotal role in the neighborhood’s evolution from an overlooked, largely neglected collection of old industrial buildings into a vibrant hub for arts and culture, retail, restaurants and nightlife.

 For more information on DWNTWN’s investment sales and lease offerings, please visit www.dwntwnrealtyadvisors.com/inventory.

   

 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

 www.dwntwnrealtyadvisors.com.