Regency Centers Announces New Tenants to 4S Commons Town Center in San Diego, CA

SAN DIEGO, CA, June 18, 2014 --(BUSINESS WIRE)-- While many might not be familiar with the 4S Ranch area, those in the San Diego community know it as one of the fastest developing and expansive communities in the county.

Serving this region is 4S Commons Town Center, who will be introducing new entries to the trade area. Regency Centers (NYSE:REG) is welcoming ULTA and 18|8 to the affluent area, and the city-at-large.

“We are very proud of the design and merchandising mix at 4S,” said Omar Hussein, Senior Leasing Agent at Regency Centers.

Omar Hussein

 “It sits within a vibrant master-planned community where residents are engaged in the retail environment. We’ve hand-selected and partnered with select retail tenants and restaurants to ensure that the daily needs and specialty services are provided to the consumers.”

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

Regency Centers Corporation

Eric Davidson, 904-598-7829

Communication Manager

ericdavidson@regencycenters.com

Shopping Center Trades Hands in Northwest Houston, TX

Garrette Matlock

HOUSTON, TX, June 17, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of the Cypresswood Kroger Center, a 34,730-square-foot retail center located in northwest Houston.

The center’s 55,795-square-foot Kroger supermarket shadow-anchor was not a part of the sale. The terms of the sale were not released.

            Garrette Matlock, senior vice president investments in the firm’s Denver office and James Bell, vice president investments in Marcus & Millichap’s Houston office, represented the seller, AMG Guaranty Trust. 

            “We generated interest from investors nationwide and received offers from both coasts, Texas, and points in between,” says Matlock. “The new owner is a private investor based in California.”

            “Shadow-anchored by one of the country’s most successful grocery store operators, the Cypresswood Kroger Center is well positioned to provide long-term stability for its small shops and pads and a steady stream of income for the new owner,” adds Bell.

James Bell

            The property is located at the signalized intersection of Texas State Highway 249, Tomball Parkway, and Cypresswood Drive at 19724 State Highway 249 in Houston.

 The center can be accessed from multiple access points on both arteries. A Lowe’s home improvement store is across from the property on Cypresswood Drive and a CVS/pharmacy and a Sonic restaurant are across from the center on Tomball Parkway.

            At the time of the sale, the Cypresswood Kroger Center was approximately 95 percent occupied. Major tenants include Memorial Hermann Healthcare System, Burger King, Chase Bank, Subway, Great Clips, Wingstop, Smoothie King and Willie’s Grill and Ice House.

All of the leases are triple-net.

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

Gina Relva,

Public Relations Manager

(925) 953-1716

CBRE Orlando Lists New Offering: 596 Units in Upscale Winter Park, FL

Sun Key Apartments, Winter Park, FL

ORLANDO, FL -- CBRE is pleased to present Sun Key, a 596-unit multi-housing investment opportunity with a highly desirable Winter Park address.

With more than $12 million in capital upgrades in recent years, this infill community is the "best-in-class" asset in this high-demand, high-barrier-to-entry location.

The property is currently 94% occupied, and presents new ownership with the opportunity to acquire a luxury community with upside well below replacement cost and new Class "A" product.

Price	To be determined by market
Number of Units	596
Year Completed/Renovated	1987/2008/2012
Occupancy	94%
Net Rentable SF	513,680
Construction Style	Garden, 2- and 3-story

 This desirable entry point is likely to allow investors to enjoy tremendous returns through modest property enhancements and further market improvement going forward.

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

Shelton Granade

Executive Vice President

 +1 407 839 3103

shelton.granade@cbre.com

ZipRealty Finds Oakland, CA Home Price Growth Exceeds San Francisco, Berkeley and Alameda

EMERYVILLE, CA, June 17, 2014 – ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ: ZIPR), a leading online residential real estate brokerage and provider of technology and marketing solutions, today released a new report showing that Oakland median home price growth has surpassed San Francisco, Berkeley and Alameda.

ZipRealty analyzed the latest MLS data on home sales as of May 31, 2014 to create the four-city study. Zip codes in which five or more real estate sales closed in 2014 were included in the analysis.

Oakland’s median home sales price jumped 23% to $478,000 in May 2014. “As Oakland continues to experience something of a Renaissance, home prices keep accelerating across the city,” said Don Cruz Datanagan, District Broker for the East Bay office of Zip Realty.

 “Astronomically high San Francisco prices have sent residents flocking across the bay in search of lower home prices in Oakland over the past two years. In turn, we have seen this place upward pressure on pricing.”

San Francisco’s median home sales price rose 14% year-over-year as of May 2014 to just over $1 million, while Alameda’s median home sales price increased 11% during the same time period to $666,250. Meanwhile, Berkeley was the only city of the four metros studied by ZipRealty to post a decline in price of 1% year-over-year to $801,000 as of May 2014.

BAY AREA CITY	MEDIAN HOME SALES PRICE
	MAY 2013	MAY 2014	% CHANGE
OAKLAND, CA	$387,500	$478,000	23%
SAN FRANCISCO	$890,000	$1,015,000	14%
ALAMEDA, CA	$595,000	$666,250	11%
BERKELEY, CA	$812,000	$801,000	(1%)

The most expensive zip code in Oakland is 94611, where the median home price was $795,000 as of May 31, 2014, a (2%) decline from the previous year.

• Neighborhoods in 94611 include Piedmont Pines, Grand Lake, Glen Highlands, Sheperd Canyon and Merriwood.

The most expensive zip code in San Francisco is 94123, with a median home price of $3.15 million. The year-over-year increase in 94123 was 109% as of May 31, 2014.

Don Cruz Datanagan

·         Neighborhoods in 94123 include the Marina, Cow Hollow and Pacific Heights.

The most expensive zip code in Alameda is 94501, with a median home price of $725,000, a 22% year-over-year increase as of May 31, 2014.

• Neighborhoods in 94501 include the Gold Coast, South Shore, Fernside, Bronze Coast and East End.

The most expensive zip code in Berkeley is 94705, with a median home price of $2 million as of May 31, 2014, an 85% year-over-year increase.

• Neighborhoods in 94705 include Claremont, the Claremont Hills, Elmwood and Panoramic Hill
• For a complete copy of the company’s news release, please contact:

Stacey Corso
510.735.2667
scorso@ziprealty.com

www.ziprealty.com

Marcus & Millichap Arranges Sale of 27,780-SF Retail Property in Lauderhill, FL for $1.39 Million

  

Jonathan Gerszberg

LAUDERHILL, FL, June 17, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of The Atrium, a 27,780 square-foot mixed-use retail and office property located in Lauderhill, FL. The asset sold for $1,390,000.

Jonathan Gerszberg, a senior associate, in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Lauderhill, FL.  

Gerszberg also secured the buyer, a senior living operator, from Cleveland, TN who intends to use the building to support their senior care facility next-door.  

Gerszberg explains that “this was a surprisingly complex transaction because the buyer wanted all of the tenants on short-term leases in order to provide them with the flexibility to use the building as they see fit.  We were able to negotiate with the tenants and balance a number of moving pieces to close the deal.”

The Atrium is located at 4311 Rock Island Road in Lauderhill, FL.

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

Kirk A. Felici

First Vice President/Regional Manager,

 Miami, FL

(786) 522-7000

HFF closes $50.025 million sale of 200 Middlefield Road in Menlo Park, CA

200 Middlefield Road, Menlo Park, CA

SAN FRANCISCO, CA – HFF announced today that it has closed the $50.025 million sale of 200 Middlefield Road, a 41,933-square-foot, Class A office property in Menlo Park, California.

               HFF marketed the property on behalf of the seller, Menlo Equities.  The asset was purchased for $50.025 million, or approximately $1,193 per square foot.

200 Middlefield is located within walking distance to the downtown Palo Alto retail core and is less than one mile from the Palo Alto and Menlo Park Caltrain stations.

Steven Golubchik

 Originally constructed in 1967, the property underwent a full rebuild in 2012.  The two-story property is 100 percent leased to a diverse mix of private equity and technology firms including Summit Partners, Optum Soft, Blackstone and Rubicon.

The HFF investment sales team representing the seller was led by managing director Steven Golubchik along with senior managing director and co-head of HFF’s national office investment sales platform Michael Leggett and director John Simerlein.  HFF worked in conjunction with Cornish and Carey’s Kevin Cunningham on the sales assignment.

”This sale represents a generational opportunity as it is one of the few newly constructed buildings to come to market in the past 15 years in the submarket,” said Golubchik.

Michael Leggett

 “With a roster of credit tenants, as well as the high-quality reconstruction and finishes completed by Menlo, the property generated substantial interest from numerous domestic and foreign investors.”

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 announces the $24.45 million sale and $10.125 million financing of two Central Florida grocery-anchored retail centers

Cornerstone Plaza, Cocoa Beach, FL

MIAMI, FL – HFF announced today the closing of the $24.45 million sale of and $10.125 million financing for Beachway Plaza in Bradenton, Florida and Cornerstone Plaza in Cocoa Beach, Florida, two Publix-anchored retail centers totaling 189,567 square feet.             

HFF marketed the properties on behalf of Retail Properties of America, Inc. (“RPAI”), which were purchased by Branch Properties, LLC for $24.45 million.

 In addition, HFF arranged five-year acquisition financing on behalf of the buyer for Beachway Plaza through Guggenheim Commercial Real Estate Finance, LLC.

Beachway Plaza, Bradenton, FL

Beachway Plaza is located at the intersection of Manatee Avenue W and 75th Street West in Bradenton with a daily traffic count of more than 29,000 cars per day.  

Built in 2004, the 120,990-square-foot center is 84.8 percent leased to tenants including Publix, Bealls Outlet and Staples.

Renovated most recently in 2004, Cornerstone Plaza is located at the intersection of North Atlantic Avenue and South Shepard Drive in Cocoa Beach. 

Danny Finkle

The 68,577-square-foot property is situated on 8.33 acres and is 86 percent leased to tenants including Publix, Cocoa Beach Realty and Beef ‘O’ Brady’s.

The HFF investment sales team representing the seller was led by senior managing director Danny Finkle and managing director Luis Castillo.

HFF’s debt placement team representing the buyer was led by director Chip Sykes.

“The opportunity to acquire two high-volume, Publix-anchored centers with value creation potential proved to be extremely appealing to investors,” said Castillo.  “The response to this offering was tremendous and resulted in a great outcome for RPAI.”

Luis Castillo

HFF’s investment sales team secured more than $553 million in sales of retail assets nationally during the first quarter of 2014.  In Florida, HFF closed more than $134 million in retail transactions across all capital markets platforms during the same period.

Retail Properties of America, Inc. is a REIT and is one of the largest owners and operators of high quality, strategically located shopping centers in the United States.  

As of March 31, 2014, the company owned 227 retail operating properties representing 31.2 million square feet, including its pro rata share of unconsolidated joint ventures.  The company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI.  Additional information about the company is available at www.rpai.com.

Chip Sykes

Founded in 1973 and based in Atlanta, Branch Properties, LLC is a private real estate investment firm primarily focused on high-quality neighborhood shopping centers located in the southeastern United States.  

As a vertically integrated real estate operating company, Branch has the in-house expertise to source, negotiate, acquire, develop, finance, lease and manage neighborhood shopping center investments.

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

Berger Commercial Realty Broker Judy Dolan Handles Sales Transaction of $1.3 Million St. Petersburg, FL Apartments

Judy Dolan

FORT LAUDERDALE, FL, June 17, 2014 - Berger Commercial Realty, a regional full service real estate firm, announced today the sale of a 32-unit, multi-family property in St. Petersburg.

 Berger Commercial Realty broker Judy Dolan represented JP Morgan Chase Bank N.A. in the sale of Lakeside Apartments to Park View Resort, Inc. for $1.325 million. The sale was an all-cash deal.

 Located at 3855 9th Ave. North and 917 39th St. North in St. Petersburg, the property consists of 32 units in two buildings and a laundry room.

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

Marielle Sologuren

Pierson Grant Public Relations

msologuren@piersongrant.com

(954) 776-1999, ext. 226

Charles Dunn Company Completes Two West Hollywood, CA Multifamily Property Sales Totaling $4.7 Million

Kimberly Roberts Stepp

LOS ANGELES, CA, June 17, 2014 – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed two multifamily property sales totaling $4.7 million in West Hollywood.

The sales include; a 10-unit property that sold for $3.3 million and is located near Fountain Ave. and W. La Brea Blvd. at 1220 N. Formosa Ave; and a five-unit property that sold for $1.4 million and is located just north of Santa Monica Blvd. at 1231-1235 N. Vista St.

For the Formosa sale, Kimberly Roberts Stepp, senior managing director with Charles Dunn Company, represented the seller, Los Angeles-based Aquat 9, LLC, as well as the 1031 exchange buyer, a Los Angeles-based private investor. The transaction closed at a 4.8 percent cap rate and sold at full asking price. 

Built in 1960, the building includes four, one-bedroom one-bathroom units; two, two-bedroom/one-bathroom units; and four, two-bedroom/two-bathroom units. It offers controlled access and was completely renovated in 2013 with high-quality upgrades to all the units.

For the Vista sale, Stepp represented the seller, Los Angeles-based Jambax, LLC. The buyer was a private investor from Los Angeles who was represented by Diana F. Tiao of The Collective Realty. The transaction closed at a record low 2.9 percent cap rate.

Diana and Will Tiao

Built in 1930, the two-building property includes a three-bedroom/two-bathroom front unit; and four one-bedroom/one-bathroom units.

“We received multiple offers on both properties and selected all-cash buyers, closing escrow in less than 30 days,” said Stepp. 

“The West Hollywood market for rental properties is one of the best locations for multifamily property investment in California as there are limited availabilities, strong demand, and high barriers to entry for these opportunities.”

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

Darcie Giacchetto

D.G. Communications, Inc.

949.278.6224

$54,750,000 in recent loan closings from W Financial

                           

NEW YORK, NY -- New York City’s commercial real estate marketplace has been exceptionally busy, and W Financial continues to provide bridge loans all over town that enable owners, operators and developers to sign contracts definitively and to then close reliably and quickly.

 If we haven't already closed a loan with you during the last 11 years, then let’s get started the next time a time-sensitive or complex deal comes across your desk.

W will also consider providing construction loans in Manhattan or Brooklyn for experienced developers, as well as mezzanine loans, preferred equity and joint venture equity on well-located, cash-flowing properties.

On select transactions W Financial is pricing its bridge loans as low as 8%, with terms as long as five years depending on the usual factors such as location, loan-to-value ratio, cash flow and quality of the sponsorship. Click here to see recent bridge loans closed by W, and read our home page to get a better sense of which of your prospective loan scenarios might be in our "strike zone".

Call me to discuss or contact my partner David Heiden | david@w-financial.com (212) 684-8484, or contact our Senior Loan Officer Jarret Schochet | jarret@w-financial.com (212) 684-2205 to discuss your new bridge loan scenarios.

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

Gregg Winter - Founder & Managing Partner

W Financial Fund, LP

Special Situation Financing for Commercial Real Estate ®

149 Madison Avenue, Seventh floor

New York, NY 10016

Phone: 212 532-1122 x1

Email: gregg@w-financial.com

http://www.w-financial.com

recent news:

http://www.w-financial.com/articles.php

Easton & Associates Arranges the Lease or Sale of Nearly 55,000 SF of Commercial Real Estate in May

Celia Bravo

Doral, FL, June 17, 2014— Easton & Associates, the commercial real estate brokerage division of The Easton Group, announced the following activity in May:

Leases

-Waco Filters Corp. renewed a lease for 21, 800 square feet of industrial space at 11701 NW 100 Road in Medley.   

The landlord is FDG Flagler Station Phase 1 LLC.  

  Easton & Associates Mike Waite and Jim Armstrong represented the tenant and Flagler Development Company’s Stuart Gordon represented the landlord.

Michael Waite

-Meat Town Distributors, Inc. signed a new lease for 10, 650 square feet of space at 10400 NW 33rd Street, #120 in Miami.  Easton & Associates Mike Waite and Jim Armstrong represented the landlord, SPG Doral West LLC, an affiliate of Seagis.  Celia Bravo of Realty World-South Florida represented the tenant.

 -Molinera Foods, Inc. extended its lease for 10,000 square feet of space at 9021 NW 105 Way in Medley.  Easton & Associates Mike Waite and Jim Armstrong represented Molinera and Alex Bernaldo of Americas Industrial Realty represented the landlord, Columbia Florida 105th Industrial Realty. 

Jim Armstrong

Sales

-Easton & Associates Lou Marcantonio represented Astar USA LLC in the sale of 11, 700 square feet of office suites located at 1200 Brickell Avenue, Miami.  The seller was Office 1200 Brickell LLC., represented by CWV Realty Corp. A sales price was not disclosed.                                

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

Todd Templin

Boardroom Communications

ttemplin@boardroompr.com

954-370-8999

954-290-0810

Cuhaci & Peterson Architects completed remodeling design project for Winn-Dixie in Fort Lauderdale, FL

Lonnie Peterson

ORLANDO, FL – Cuhaci & Peterson Architects Engineers Planners was recently remodeling design of the Winn-Dixie store located Victoria Park Shoppes on U.S. Hwy. 1 and N.E. Sixth St. in Ft. Lauderdale.

Lonnie Peterson, chairman at Cuhaci & Peterson Architects, said the store remodeling, which is expected to get underway this month includes 42,000 square feet.

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

Larry Vershel or Beth Payan, Larry Vershel Communications, Inc. 407-644 4142; Lvershelco@aol.com

MHA Brokers Sale of 294-Unit Apartment Community in Macon, Ga.

Robert Stickel

MACON, Ga. (June 16, 2014) — Multi Housing Advisors (MHA) has arranged the sale of the 294-unit Ansley Village, located at 6435 Zebulon Rd. in Macon, Georgia.

Robert Stickel, a managing director in MHA’s Atlanta office, represented the seller, a joint-venture between MAA and Thackeray Partners, in the transaction. 

The buyer, Bluerock Real Estate LLC, is a national real estate investment firm headquartered in New York City.

“The sale of Ansley Village was a competitive process and proves the multifamily investment market continues to be incredibly active,” Stickel said. 

“Institutional investors are seeking in-place yields from properties eligible for attractive financing options and are willing to go to secondary and tertiary markets with growth stories.”

 Amenities include a business center, fitness center, pet park, swimming pool, clubhouse, laundry facilities, a playground and a media center. The property was constructed in 2008.

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

Stephen Ursery

The Wilbert Group

404-549-7150 (O)

404-405-2354 (C)

sursery@thewilbertgroup.com

HFF arranges financing and joint venture equity for garden-style multi-housing community in Denver, CO

Charles Halladay

IRVINE, CA – HFF announced today that it has arranged financing and joint venture equity for One Dartmouth Place Apartments, a 418-unit garden-style multi-housing community in Denver, Colorado.

HFF secured a $24.64 million, 10-year, 4.09 percent fixed-rate loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program.  The securitized loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.

 HFF also arranged joint venture equity for the project, which was provided from a family office based in Southern California.  The capitalization will facilitate the implementation of an extensive renovation plan for the property.

               One Dartmouth Place Apartments is located at 11100 East Dartmouth Avenue approximately five miles northeast of the Denver Tech Center and is a 10-minute walk from the RTD Nine Mile light rail station. 

Brock Yaffe

Situated on 10.6 acres, the property is 95 percent leased and includes a mixture of studio, one- and two-bedroom units averaging 838 square feet each. 

Community amenities include two heated swimming pools, sauna, fitness center, indoor racquetball court, outdoor sport court, playground, barbecue and picnic areas, a newly renovated clubhouse and business/community service center.

The HFF debt placement team representing the borrower was led by director Charles Halladay and associate director Brock Yaffe. 

HFF director Mark Erland worked to secure the joint venture equity along with associate director Brock Yaffe and director Jordan Robbins.

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 secures $50.6 million refinancing for 6-property New England retail portfolio

BOSTON, MA – HFF announced today that it has secured a $50.6 million refinancing for a six-property, 224,001-square-foot retail portfolio in the New England area. 

Working on behalf of Linear Retail Properties, HFF placed the fixed-rate loan with Allianz Real Estate of America, LLC.  Loan proceeds will be used to pay off existing debt.

Riaz A. Cassum

The portfolio consists of 1000 Bald Hill Road in Warwick, RI; Burlington Marketplace in Burlington, MA; Peabody Gardens in Peabody, MA; Flint Village Plaza in Fall River, MA; 345 Main Street in Reading, MA and 1 Carlisle Road (Rite Aid) in Westford, MA. 

The properties are 97.7 percent leased overall to tenants including Trader Joe’s, CVS Pharmacy, Rite Aid, Starbucks, Panera Bread, Chipotle Mexican Grill, Bank of America, Dunkin’ Donuts and many others.

The HFF debt placement team representing the borrower was led by senior managing director Riaz Cassum and senior real estate analyst Brett Paulsrud. 

“HFF was able to work very closely with our client and the lender to structure a loan that met all of their objectives,” said Cassum. “It is always rewarding to work with truly professional organizations such as Linear Retail Properties and Allianz.”

“HFF represented us in this large portfolio transaction and brought in their professionalism, excellent customer service and industry knowledge,” said Bill Beckeman, President and CEO of Linear Retail. “We are glad to inaugurate this new lending relationship with Allianz.”

Brett Paulsrud

Linear Retail Properties was incorporated in August 2003 and to date, has invested in 76 assets in its target area. The current portfolio of approximately 1.38 million square feet was valued at close to $500M as of September 30, 2013.

Based in Burlington, MA, Linear Retail is a leading acquirer, owner, developer and operator of retail properties in New England. 

Linear Retail owns 72 retail properties including convenience-oriented strip shopping centers, specialty storefront retail in select downtown neighborhoods, smaller, well-located centers in dominant retail destination corridors, net leased single tenant retail properties and urban retail condos.

 For more information visit www.linearretail.com or on Twitter: @LinearRetail

  

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