Tenant Representation Firm Hughes Marino Adds Jeffrey Shepard to Orange County, CA Team

Jeffrey Shepard

 ORANGE COUNTY, CA, Feb.  4, 2014 – Hughes Marino, Southern California’s leading commercial real estate firm exclusively representing tenants, has hired Jeffrey Shepard as Principal and Senior Vice President. 

Shepard, who will work in Hughes Marino's Orange County office, was previously the Chairman of the Board and a co-founding partner of Cresa, a firm in the same industry.

“The decision to join Hughes Marino was made by following my own career goal, which is to grow professionally and personally while creating the very best outcome possible for each of my clients who has placed their trust in me,” Shepard explained. 

  “Being part of the Hughes Marino family will bring me into a team in which that objective is not just my own, but the goal of the entire company.”

Shepard’s 25 years of tenant advocacy for clients across the United States includes managing and negotiating large office and industrial leases, property and land acquisitions and dispositions, and build-to-suit projects. 

He has personally been responsible for more than 10 million square feet of transactions valued in the multiple billions of dollars.  In addition, prior to becoming an exclusive tenant advocate, Shepard has himself developed more than two million square feet of industrial space.

Jason Hughes

“While many may ask why I left my former firm, to me the question is what can I accomplish in this new team,” Shepard adds.  

“As a member of Hughes Marino's Orange County team, I anticipate growing our national clientele, attracting other professionals who share the Hughes Marino culture and core values, and reaching new levels of excellence and performance in my own career while mentoring and learning from my team members.”

The announcement was made by Jason Hughes, President and CEO of Hughes Marino, Inc. Hughes Marino is headquartered in San Diego with offices in Century City and downtown Los Angeles, along with its Orange County location. 

According to Hughes, Hughes Marino’s team of specialists represent approximately 500 active tenants throughout Southern California at any given time, providing the Hughes Marino team with real time market knowledge, as well as the strength of collective bargaining and unequaled leverage with landlords.

“Jeff is considered one of the most successful brokers in Orange County – and we are very excited to have him join our team. We have worked with Jeff, in a referral capacity, for more than 20 years. 

Mike Lewis

"He has proven to be an unbelievably dedicated professional who is committed to providing his clients with conflict free advice and negotiating expertise. In addition, Jeff’s commitment to Hughes Marino’s core values is a natural fit,” Hughes says.

“We are proud to have attracted some of the finest professionals in the industry throughout our Southern California firm, and are especially pleased to see the powerful position we are attaining as we grow our Orange County office,” Hughes adds.

In addition to Shepard, Hughes Marino has also hired Mike Lewis as a Vice President in its Orange County office.

Lewis, who was previously with Travers Realty Corporation in Newport Beach, has been advising clients on site selection, lease negotiations and project management since 2010.  

His ability to negotiate, execute and build strong relationships with his clients earned him the Irvine Company’s prestigious “Young Dealmakers of the Year” award in 2012 and 2013.

Hughes Marino has also hired Julia Myers as Client Relations Manager in the Orange County office, as the firm continues to increase its Orange County presence, Hughes notes.

Julia Myers

Tucker Hughes, director of Hughes Marino, relocated to Newport Beach and founded the office a year ago, after working for several years in the firm’s headquarters office in San Diego, where he attained a Master of Science in Real Estate from the University of San Diego and was one of the youngest ever to receive a brokers license in the state of California history. 

“From our very first hire in Orange County, we were after a special team,” Tucker Hughes notes.

 “JP Roach, who has been a vice president in the Orange County office nearly since its inception, is an attorney who blends his legal and real estate expertise as he specializes in representing tenant corporate real estate users, including Southern California technology, life science and business services companies.  

"With the addition of our newest team members, we have assembled what I believe is one of the absolute finest real estate advisory groups in the country and we are very excited about the future.”

 For a complete copy of the company’s news release, please contact:

 Jenn Quader or Amanda Alenick

Brower, Miller & Cole

(949) 955-7940

aalenick@browermillercole.com

www.hughesmarino.com.

Mortgage Interest Rates Drop More Than 30 Basis Points in January

Jeanne Peck

Chicago, IL Feb.  4, 2014 – Real Estate Capital Institute reports the Nation's frigid temperatures in the lower to mid-single-digit range accurately reflect today's mortgage rates. 

 Interest rates during the past month have dropped precipitously at more than 30 basis points for the ten-year treasury.  And as the weather begins to improve with rising temperatures, so will interest rates as the
Fed plans to curb treasury buying activities due to an improving economy.

Yet mortgage rates are expected to remain low in the near future since so many funding sources are aggressively competing for yield and the economic
outlook is still uncertain.

Everyone in the funding arena seems to be back in the market.  CMBS markets are reporting substantially lower delinquencies, banks cleared through much of their troubled loans and life insurance companies are under pressure to
capture more attractive yields from mortgages vs. corporate bonds.

  Across the board, these funding sources are tightening spreads, offering higher leverage and less recourse (where applicable), especially for floating-rate
loans.

The new mortgage spread benchmark appears to be 150 basis points.  Rates are
already extremely low, starting at this level- about 50 basis points tighter
than a year ago.  Meanwhile, within the permanent fixed-rate sector, office,
retail and industrial properties capture ten-year at rates also dipping down
for lower leverage in the same 150-basis-point-range, but over treasuries. 

Expect the 150-bps-threshold to be broken through on a more regular basis as

well.  In the multifamily sector, lending competition remains as fierce as ever, despite agencies mandates to reduce loan production.  More conventional lenders fill the void offering spreads over treasuries dipping
down to 140 bps for low leverage loans based upon ten-year terms.

Fed policies and investors demand in the face of rising treasuries are causing the flattening of the yield curve.  Five and seven-year notes continue increasing faster as compared to longer-term bonds. 

 Under these conditions, longer-term rates will eventually rise.  So for the moment, the best mortgage pricing for borrowers is for longer term loans of ten years or more.

Ms. Jeanne Peck of the Real Estate Capital Institute expects, "Mid-one-hundred [mortgage] spreads are more common today, so lenders are becoming more creative to generate greater yields.  More dollars are moving into new development deals, particularly in the commercial property sector
which was severely neglected during the Great Recession."

The Real Estate Capital Institute(r) is a volunteer-based research
organization that tracks realty rates data for debt and equity yields.  The
Institute posts daily and historical benchmark rates including treasuries,
bank prime and LIBOR.  Furthermore, call the Real Estate Capital RateLine at
7RE-CAPITAL (773-227-4825) for daily rate updates.

For a complete copy of the company’s news release, please contact:

The   Real Estate Capital Institute(r)
3517 West Arthington Street
Chicago, Illinois USA 60624
Contact: Jeanne Peck, Executive Director
director@reci.com / 
www.reci.com

Berger Commercial Realty Brokers Close Three Leases at Atrium West in Sunrise, FL

Atrium West, 7771 West Oakland Park Boulevard, Sunrise, FL

Joseph Byrnes

 FORT LAUDERDALE, FL - Berger Commercial Realty brokers Joseph Byrnes and Jonathan Thiel recently closed three new leases for office space at Atrium West in Sunrise.

 Byrnes and Thiel represented landlord Atrium 93, LLC in leasing 770 square feet to Cosmopolitan Travel Services Inc. for 27 months;1,875  square feet to Figtree Holdings, LLC for three years; and 1,084 square feet to the Michael L. Buckner Law Firm, P.A.  for five years.

Jonathan Thiel

 Located at 7771 West Oakland Park Blvd., the 92,689-square-foot Atrium West  office building features a completely renovated  atrium, a new interior sculpture fountain, new exterior landscaping, and renovated bathrooms.

For more information on available space and custom build-outs at Atrium West, contact Berger Commercial Realty at 954-358-0900.

 For a complete copy of the company’s news release, please contact:

Marielle Sologuren

msologuren@piersongrant.com

(954) 776-1999, ext. 226

Remarks by MBA Officials During MBA's 24th Annual Commercial Real Estate Finance/Multifamily Housing (CREF) Convention & Expo in Orlando, FL

David H. Stevens

ORLANDO, FL – Abbreviated remarks by David H. Stevens, president, Mortgage Bankers Association:

Welcome to CREF, the largest gathering of commercial and multifamily real estate professionals in the United States!  At MBA, we’re celebrating 100 years of building communities and helping families realize their dreams.  We are glad that you are here to network, renew and make new business deals, and strategically prepare your businesses for the future.

Throughout our nation’s political and economic history, the enduring presence of mortgage bankers lives as a constant reminder of our purpose and our passion: We help create the building blocks of thriving communities from houses and apartments to office, retail, industrial, hotel and other commercial real estate.

Collectively, we – policy professionals and members together - represent the entire real estate finance system.  Here, in this room, in these halls, at this conference, we recognize your diversified business models and how sometimes business lines connect, and at other times, diverge with each other and your single-family colleagues.

E.J. Burke

Abbreviated Remarks by E.J. Burke, chairman, Mortgage Bankers Association:

ORLANDO, FL – Good morning!  Welcome to CREF!  Great to see so many of you here this week.

This is a special time for MBA and I’m honored to serve you as MBA’s 100th chairman. 

We join an elite group of national associations that have withstood the test of time to provide their members with 100 years of service. 

MBA’s longevity, in part, can be attributed to the legacy of strong leaders that precede me.  But it’s also about evolution.  It’s about adapting to the change that is upon us, but also looking forward to the change we know is coming. 

Every day since our inception, we’ve advanced real estate finance in America.  We’ve grown stronger, through recessions and depressions, through wars and natural disasters, and through a variety of other crises and events.

MBA Opens Doors Foundation Announces Rental Assistance Grant Program

Debra W. Still

ORLANDO, FL — The Mortgage Bankers Association’s (MBA) Opens Doors Foundation announced it was unveiling a rental assistance grant program to help families with critically ill or injured children maintain their living arrangements in the face of high health care costs. 

The announcement was made at MBA’s annual Commercial Real Estate Finance and Multifamily Housing (CREF) Convention in Orlando, FL

“MBA Opens Doors’ original program to provide mortgage payments to families with sick children continues to serve as a model for charitable giving within the real estate finance community,” said Debra Still, Chairman of MBA Opens Doors.

 “I am proud to lead this laudable effort.  However, missing from our first initiative were the millions of Americans who rent instead of own.  

"Now that we have established this important additional component of Opens Doors, we have the opportunity to keep significantly more families in their homes during their time of need.  We are committed to sustainable housing for both renters and owners.”

MBA Forecasts $300 Billion of 2014 Commercial/Multifamily Mortgage Originations

Jamie Woodwell

ORLANDO, FL  – The Mortgage Bankers Association (MBA) projects originations of commercial and multifamily mortgages will grow to $300 billion in 2014, a 7 percent increase from 2013 volumes, and continue to rise to $333 billion in 2016.  Originations of multifamily mortgages are forecast at $116 billion in 2014.

“Early indications are that commercial and multifamily lenders increased originations by 15 percent in 2013,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research.

 “This year will once again see fewer loans coming up against their maturities.  But with still low interest rates, improving property fundamentals, a rebound in property prices, and higher loan maturity volumes on the horizon, we anticipate mortgage originations will continue to increase in 2014.”

MBA:  Significant Drop in Commercial and Multifamily Loan Maturities in 2014

ORLANDO, FL (February 3, 2014) – The Mortgage Bankers Association (MBA) released its 2013 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes. 

The survey found six percent, or $91.7 billion of the $1.5 trillion of outstanding commercial and multifamily mortgages held by non-bank lenders and investors, will mature in 2014. 

 That represents a 23 percent decline from the $119.5 billion that matured in 2013.  Maturities will grow to $213 billion in 2016.

The loan maturities vary significantly by investor group.  Just 3 percent ($12.7 billion) of the outstanding balance of multifamily and health care mortgages held or guaranteed by Fannie Mae, Freddie Mac, FHA and Ginnie Mae will mature in 2014. 

Life insurance companies will see 5 percent ($18.0 billion) of their outstanding mortgage balances mature in 2014.  Among loans held in CMBS, 7 percent ($41.8 billion) will come due in 2014.  Fifteen percent ($19.2 billion) of commercial mortgages held by credit companies and other investors will mature in 2014.

“2014 will be the fourth straight year of declining commercial/multifamily mortgage maturities,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research.  

“Following 2014, we will see volumes spike – by 72 percent in 2015 and an additional 34 percent in 2016, as ten-year loans made in 2005, 2006 and 2007 begin to come due.”

Q4 Commercial and Multifamily Mortgage Originations Highest Since 2007

ORLANDO, FL — Commercial and multifamily mortgage originations increased 34 percent between the third and the fourth quarters of 2013, and were up 16 percent compared to the fourth quarter of 2012, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers’ Originations. 

MBA’s commercial/multifamily mortgage bankers’ originations index shows originations for the full year 2013 were 15 percent higher than in 2012.

MBA Releases 2013 Year-End Commercial/Multifamily Servicer Rankings

ORLANDO, FL  – The Mortgage Bankers Association (MBA) released its year-end ranking of commercial and multifamily mortgage servicers’ volumes as of December 31, 2013. 

At the top of the list of firms is Wells Fargo with $434.4 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $369.6 billion, Berkadia Commercial Mortgage LLC with $235.4 billion, KeyBank National Association with $169.7 billion, and GEMSA Loan Services, L.P. with $95.6 billion.

For a complete copy of the company’s news releases, please contact:

Shawn Ryan

sryan@mba.org

(202) 557-2727

Peachtree Hotel Group Posts Record Growth Goals with 16 Acquisitions in 2013 and 2014; Predicted to Surpass Previous High Water Marks

Greg Friedman

ATLANTA, GA,  Feb. 3, 2014—Officials of Peachtree Hotel Group, one of the nation’s fastest growing hotel acquisition, management, development and ownership groups, today announced that it significantly exceeded its projections for 2013, adding 16 hotel assets and three third-party management contracts. 

The company remains equally optimistic for 2014, projecting it will add 12-14 hotel assets, both acquisitions and new-builds, and up to six, third-party management contracts by year’s end.  Already this year, the company has three hotel assets under contract for a total of 483 rooms.

            “All metrics point towards 2014 being another strong year for the hospitality industry, and we plan to aggressively pursue projects where we believe we can provide the best service and add value as either an owner and/or operator,” said Greg Friedman, Peachtree CEO. 

“Additionally, we are selectively considering certain development opportunities and expect to execute on two to four new builds this year.” 

“We are pursuing sites that have high barriers to entry with multiple demand generators and long-term growth opportunities,” said Jatin Desai, Peachtree CIO.   “Given the cyclicality of the hotel industry, we are disciplined in our development process so that our projects can generate risk-adjusted returns in all phases of the real estate cycle.”

Jatin Desai

Peachtree acquired 16 assets in 2013 totaling 2,015 rooms.  Additionally, the company disposed of 10 assets in 2013. 

  The company also became an approved 3rd party operator for the Marriott CFRST brands and already has added two properties to its third-party management portfolio. 

  Peachtree will invest in excess of $20 million during 2014 to upgrade its owned hotel portfolio.

            With acquisition and investment capabilities and seasoned, third-party management expertise, Peachtree focuses on premium-branded, select-service and limited-service hotels.  

While the company has experience in all markets nationwide, its portfolio centers primarily on the Southern and Midwestern U.S.

            “Between operating performance and acquisition opportunities, we forecast another strong year for Peachtree and the hospitality industry overall,” said Mitul Patel, Peachtree COO. 

Mitul Patel

  “We expect that the majority of our portfolio will experience moderate RevPAR growth and that the cost of capital will remain historically inexpensive over the coming 12 months.  All of these factors will contribute to a fertile transaction market for 2014.”

            To facilitate its fast-paced growth, Peachtree has continuously expanded its operation, acquisition and investment management teams, adding eight people over the past six months. 

  “As we expand, we have trigger points to add additional bench strength to help manage our ever growing portfolio,” Patel added.

  

For a complete copy of the company’s news release, please contact:

Chris Daly

Daly Gray Public Relations

Tel: 703 435 6293

 chris@dalygray.com

 www.dalygray.com

                       

www.peachtreehotelgroup.com

PKF Releases Latest Forecast Assessment: Accuracy Remains High

Atlanta, GA – PKF Hospitality Research, LLC (PKF-HR) released the results of their latest assessment of the accuracy of their Hotel Horizons® forecasts for the U.S. lodging industry. 

This is the third periodic review conducted by PKF-HR since 2005 and is an important and critical component of the firm’s forecasting efforts.

R. Mark Woodworth

“When we initially entered the econometric forecasting business 14 years ago, we committed ourselves to a process of continuous self-evaluation,” said R. Mark Woodworth, president of PKF-HR.

 “The findings from these analyses inform the nuts and bolts of our ongoing forecasting efforts.  Plus it enables our clients to overtly see that we strive to provide them with the most accurate forecasts upon which to make their important decisions.”

PKF-HR’s Hotel Horizons® is a series of hotel forecast reports that analyze the historical and expected performance of U.S. lodging markets. 

Driven by a series of econometric forecasting models, the Hotel Horizons® reports cover five years of supply, demand, occupancy, ADR, and RevPAR for 50 major U.S. markets, as well as six national chain-scale segments and six national location categories. 

Within each market forecast, separate estimates are prepared for upper-price and lower-price hotels.  The model relies on historical lodging data from Smith Travel Research, as well as historic and forecast economic data from Moody’s Analytics.

John B. (Jack) Corgel

            National Accuracy Highest

  

“Overall, we remain pleased with our demonstrated accuracy.  We have learned that the accuracy of our forecasts varies with changes in the business cycle, as well as size of the market to be forecast,” said Woodworth.

 “As we have seen in the past, the long-term accuracy of our national forecasts of the U.S. lodging market in its entirety, the chain-scales and the location categories, is very high,” said John B. (Jack) Corgel, PhD., the Robert C. Baker professor of real estate at the Cornell University School of Hotel Administration and senior advisor to PKF-HR.  

“One area where we have seen improvement since our last assessment is in the accuracy of our short-term forecasts.  We attribute the improvement in short-term forecast accuracy to the lessons learned during our 2010 accuracy assessment.”

  

For a complete copy of the company’s news release, please contact:

R. Mark Woodworth                                             Chris Daly

PKF Hospitality Research, LLC.                           Daly Gray Public Relations

Tel: 404 842 1150, ext 222                                   Tel: 703 435 6293

mark.woodworth@pkfc.com                                 chris@dalygray.com

www.pkfc.com                                                        www.dalygray.com

IPA Sells Development Site in New York City’s Hudson Yards for $26.25 Million

346 West 40th Street, Hudson Yards area, New York City, NY

Peter Von Der Ahe

NEW YORK, NY, Feb. 3, 2014 – Institutional Property Advisors (IPA), a multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has arranged the sale of 346 West 40th St., a 98,750-square-foot development site on the south side of 40th St. between 8th Ave. and 9th Ave. in New York City’s Hudson Yards area.

The $26,250,000 sales price equates to $266 per square foot.

Glen Kunofsky

            The site is one of a few lots within a special Hudson Yards development subdistrict that gives developers of commercial or residential projects in the area an opportunity to receive a zoning bonus that would allow their project to exceed the established maximum floor-to-area ratio.

            Marcus & Millichap’s Glen Kunofsky and IPA’s Peter Von Der Ahe, Joseph Koicim and Sean Lefkovits advised the seller, an East Coast-based family partnership that had owned the site for approximately 25 years. The buyer is hotel developer Sam Chang.

Joseph Koicim

            “Hudson Yards is the largest private development ever undertaken in New York City,” says Koicim. “The area was rezoned in 2005 and allows for approximately 26 million square feet of new office development, 20,000 new apartments, 2 million square feet of retail and 3 million square feet of hotel space.”

            “The development will bring millions more visitors to New York City and create over 30,000 jobs,” adds Von Der Ahe. “The acquisition of 346 West 40th St. gives the new owner a tremendous opportunity to redevelop as much as 177,750 square feet on the site.”

Sean Lefkovits

            “The sellers are a private family that decided to pursue a 1031 tax deferred exchange through Marcus & Millichap’s NNN Pro Group,” says Kunofsky. “The family was able to diversify and attain a much higher current yield by acquiring multiple net- lease properties.”

            A six-story, 250-space, 53,172-square-foot parking garage currently occupies the space. Chang purchased the long-term triple-net lease on the site from Peach Parking Corp. That lease would have expired in February 2030.

For a complete copy of the company’s news release, please contact:

Gina Relva

Public Relations Manager

(925) 953-1716

Palm Beach County, FL Retail Center Hits the Market at $11.1 Million

Addison Court Shoppes, 17940 North Military Trail, Boca Raton, FL

BOCA RATON, FL, Feb. 3, 2014 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has the exclusive listing to market for sale Addison Court Shoppes, a 20,860-square-foot retail center with a 4,000-square-foot Bank of America outparcel in Boca Raton, Fla. The listing price is $11,165,000.

Douglas K. Mandel

            Douglas K. Mandel, a first vice president investments in Marcus & Millichap’s Fort Lauderdale office, is representing the seller.

            “Addison Court is an upscale shopping plaza anchored by Bank of America, Starbucks and Kee Grill,” says Mandel. “It is located in one of Palm Beach County’s highest annual household income areas.”

            “The property has retail frontage directly on Military Trail and is 100-percent occupied,” adds Mandel. ”The offering is an opportunity to purchase a high-quality asset with strong in-place cash flow in a prime Boca Raton location with high traffic counts and strong demographics.”

The property is located at 17940 North Military Trail just north of Clint Moore Road in Boca Raton, Fla.

Boca Raton is the largest city between West Palm Beach and Pompano Beach in Broward County and Military Trail is one of Palm Beach County’s major north/south thoroughfares. 

The traffic count at the intersection of North Military Trail Clint Moore Road is approximately 35,000 vehicles per day, and the annual household income within a one-mile radius of the property is approximately $130,899.

For a complete copy of the company’s news release, please contact:

Gina Relva

Public Relations Manager

(925) 953-1716

HFF arranges $7.26 million financing for retail strip center in North Las Vegas, NV

Craig Promenade, 525--785 West Craig Road, North Las Vegas, NV

IRVINE, CA – HFF announced today that it has arranged $7.26 million in financing for Craig Promenade, an 86,395-square-foot retail strip center in North Las Vegas, Nevada.

John Chun

HFF worked on behalf of RREF II-KI, Promenade, LLC, a partnership between Kismat Investments and Rialto Capital, to secure the three-year, floating-rate loan through RRA Capital Management.  Loan proceeds were used to acquire the property.

The property is situated on 10.81 acres at 525-785 West Craig Road across from Craig Ranch Regional Park.  

Completed in 2005, Craig Promenade is leased to tenants such as Big Lots, MetroPCS and Sinclair gas station.

The HFF team representing the borrower was led by director John Chun and real estate analyst Sebastian Trujillo.

Sebastian Trujillo

Kismat Investments is a western U.S.-focused, value add, real estate investment management platform.  The company focuses on identifying opportunities to acquire existing properties in improving submarkets at prices below replacement cost, with the opportunity to create value through stabilization of the asset.

Rialto Capital Management (“Rialto”), a wholly owned subsidiary of Lennar Corporation (NYSE: LEN), is a vertically integrated real estate investment management company focused on distressed and value-add investments and asset management, workout and turn-around strategies. 

Rialto was formed in 2007 and, since its inception, has participated in the investment of billions of dollars in distressed real estate assets and commercial mortgage-backed securities (“CMBS”).  Rialto is headquartered in Miami, Florida with offices across the United States. 

Rialto is led by director Tony Del Grippo and can be reached at 303-520-2896 or tony.delgrippo@rialtocapital.com.

 For more information, please visit www.rialtocapital.com.  

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

HFF hires Michael Tabor as a director in its Tampa, FL office to focus on debt and equity transactions

 

Michael Tabor

TAMPA, FL – HFF announced today that Michael Tabor has joined the firm as a director in its Tampa office.  Mr. Tabor will specialize in arranging debt and equity placement transactions in the southeastern United States.

               Mr. Tabor has more than nine years of experience in the commercial real estate industry and has been involved with more than $1 billion of commercial real estate financing transactions throughout his career. 

Prior to joining HFF, Mr. Tabor was a loan officer - assistant vice president at Walker & Dunlop, where he assisted with managing the Florida capital markets group.

 Earlier in his career, he helped launch America Real Estate Capital, a Florida-based life insurance company lender

.

 Mr. Tabor began his career with GMAC Commercial Mortgage and was also a member of the U.S. Army.  He is active member of Urban Land Institute, International Council of Shopping Centers, the Industrial Association for Dade County and the National Association of Industrial and Office Properties.

  He received his Bachelor of Science in Business Administration from Northeastern University. 

Daniel C. Peek

 “Michael is a highly driven professional with extensive commercial real estate finance experience and we are eager to have him on board as he will undoubtedly provide valuable services to our clients both locally and nationally.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

HFF arranges $41.41 million financing for five-building office and industrial portfolio in three states

Northmont Distribution Center, Duluth, GA

ATLANTA, GA – HFF announced today that it has arranged $41.41 million in financing for a five-building office and industrial portfolio totaling approximately 700,000 square feet located in Texas, Georgia and Florida.

Riverpark Distribution Center, Fort Worth, TX

HFF worked exclusively on behalf of the sponsor, FRAPAG America, Inc., to secure the10-year, fixed-rate loan through The Royal Bank of Scotland (RBS).  Proceeds were used to refinance maturing debt on the properties.

Individual property details are listed below:

                                                                                                                                                                Size                           Year Built          % Leased  

Riverpark Distribution Center                                300,566 SF              2004                     100%

 15000 Grand River Road

Fort Worth, Texas

Northmont Distribution Center                             236,070 SF              2006/2007              100%

2205 Northmont Pkwy./2115 Evergreen Blvd.

Atlanta (Duluth), Georgia

Waterview Office Buildings                                    162,721 SF              2002/2007              92%

10748 & 10752 Deerwood Park Blvd.

Jacksonville, Florida                                               

Waterview Office Buildings, Jacksonville, FL

The HFF team representing the borrower was led by senior managing director Mark Sixour and associate director Bill Ireland.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

Englewood Construction Food Service Group Announces Four Food-Related Projects in the Midwest

  

Trader Joe’s at 1600 Milwaukee Avenue, Libertyville, IL

William Di Santo

CHICAGO, IL (Feb. 3, 2014) – Englewood Construction, one of the country’s leading commercial construction firms, has announced its food service group has begun work on two new food service-related projects and completed two more, with three in the Chicago market and one in Wixom, Mich.

“Interior build outs and remodeling projects in the restaurant and grocery markets kept us busy last year and that trend is continuing in 2014,” said William Di Santo, president of Lemont, Ill.-based Englewood Construction. “Customer demand and the need for national food service providers to stay competitive are driving these projects.”

Rosemont, Ill.-based US Foods, Inc., a leading food company and distributor to restaurants, healthcare, hospitality, government and educational facilities, hired Englewood Construction to remodel its test kitchen and training facility in Wixom, Mich.

In early December, Englewood began the interior remodel of the 1,800-square-foot space to accommodate the latest kitchen and training equipment. The project is scheduled to be complete in late February. Wisconsin-based ESI Design Services is the project architect.

 “US Foods offers more than 350,000 products that are “Keeping Kitchens Cooking” nationwide,” Di Santo said.

McCormick Place, Chicago, IL

 “Development of these products originates in the company’s test kitchens and training facilities, so our goal was to create an environment that fosters creativity and cutting-edge culinary discoveries.”

US Foods operates over 60 test kitchens across the country where US Foods chefs help customers stay abreast of culinary trends, increase sales and manage costs.

 Another Englewood project, which began in mid-December, is the interior build-out of the 23rd Street Café at McCormick Place in Chicago. Savor, the food and beverage supplier to McCormick Place, hired Englewood for the 4,379-square-foot build-out, which includes adding a bridge walkway in the existing concourse. Designed by Wilmette, Ill.-based Sarfatty Architects, it is scheduled to be complete in early-March.

For a complete copy of the company’s news release, please contact:

Mark Thomton, mthomton@taylorjohnson.com, 312-267-4523

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