SRF Ventures Originates Nearly $30M in Real Estate Loans This Summer

Steven Fischler

New York, NY) — Steven Fischler's SRF Ventures is wrapping up an extremely busy summer highlighted by the firm originating nearly $30 million in real estate loans for clients across the nation.

Fischler, a former Lehman Brothers executive, and his team at SRF continue to find small balance loan opportunities that are often overlooked by traditional lenders and investors due to the size and complexity of such transactions.

Over the summer, SRF closed a variety of small balance loans ranging from $1 million to $11 million in value. The loans were used to underwrite a variety of property types, including hotel, land, residential development and retail sites.

In one of the summer transactions, SRF originated $6 million of preferred equity on a land assemblage in the Gramercy neighborhood of Manhattan. The borrower was a joint venture of APEX Investments and Property Markets Group, which used the funds to close on the last piece of the assemblage. The closing took only 16 days. 

“SRF seeks opportunities outside of the status quo of traditional real estate,” said Fischler, founder, president and managing principal of SRF Ventures. “These small balance loans represent just one of our adaptive and innovative strategies on advising, lending, investing and managing real estate.”

Fischler, 33, launched his boutique real estate advisory and management firm in January 2012. With a strong client base that includes prominent developers and investors in major metropolitan markets including New York and South Florida, the company has arranged or originated over $1 billion in real estate financing and equity transactions in less than four years.

“Our success over the last several years is a testament to creative thinking,” said Fischler. “We are not bound by the limits of a specific real estate class or capital structure. That allows us to find success and maximize profits for our firm and our clients.

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

Ilana Tescher

Account Executive

BoardroomPR

itescher@boardroompr.com

Office: 954-370-8999

Cell: 954-249-1816

$57 million financing for 1.4 million-square-foot manufacturing facility in Southern California arranged by HFF

  

Century Business Center, 3901 Jack Northrop Avenue, Hawthone, CA

Paul Brindley

LOS ANGELES, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $57 million in senior financing for Century Business Center, a seven-building, 100-percent-leased industrial manufacturing facility totaling 1.4 million square feet in Hawthorne, California.

HFF worked on behalf of the borrower, Zelman Development Co., to place the 10-year, fixed-rate loan with AIG Investments. Loan proceeds were used to recapitalize the property.

Century Business Center is fully leased to Triumph Aviation Group, which produces fuselages for Boeing’s 747 passenger and freighter commercial jets, and SpaceX, the largest private space transport company in the world. 

The center’s two main buildings total approximately one million square feet and provide a column-free work space with 35’ clear heights.  The other buildings serve as office space, hangers, cafeteria, medical office and physical plant services. 

Additionally, the facility has more than 1,300 parking spaces and has rail access served by Southern Pacific Railroad.  Situated on 43 acres just off Interstate 105 at 3901 Jack Northrop Avenue adjacent to the Hawthorne Municipal Airport, the property is approximately three miles from Los Angeles International Airport and 21 miles from the Ports of Long Beach and Los Angeles.

Anthony Brent

HFF’s team was led by senior managing directors Paul Brindley and Anthony Brent, and managing director Ryan Martin.

“AIG's entrepreneurial approach allowed them to structure a transaction that allowed the borrower to buyout their partner and be positioned for the future with an attractive long-term financing,” Brindley said. 

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

www.zelman.com.

Lincoln Property Company Ranked #1 Property Manager for 2015

  

PHOENIX, AZ – Lincoln Property Company (LPC) has been ranked as the number one property manager in 2015 according to Multi-Housing News' top 50 listing.

The ranking was based on self-reported property characteristics, quantity of leases, amount and size of communities under management, square footage, amount of property operations owned or managed, involvement in multiple property sectors, sustainability practices and other considerations.

Preference was given to those with strong growth and that serviced more than one sector. 

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

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

Hold-Thyssen negotiates lease with Shaw Mechanical for 7,142 square feet at Kennedy Commerce Center in Orlando, FL

Kennedy Commerce Center 997 West Kennedy Boulevard
Orlando, FL

WINTER PARK, FL --- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, recently negotiated a lease agreement for 7,142 square feet of flex space at Kennedy Commerce Center, 997 W. Kennedy Blvd. in Orlando.

The Hold-Thyssen leasing team negotiated the transaction representing the Landlord Miami-based LNR Partners, LLC.

Shaw Mechanical, residential and commercial heating and air-conditioning provider, renewed its lease of Suites 14-A and 16 for three more years..

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

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

  

NAI Realvest Brokers Industrial Land Lease for professional tree trimming operation in Orlando, FL

Jason Toll

ORLANDO, FL — NAI Realvest recently negotiated the lease of a 4.8-acre vacant parcel of industrial land at 2301 Silver Meteor Drive off of John Young Parkway in Orlando.  

Jason G. Toll, director of industrial services at NAI Realvest, brokered the transaction representing the local landlord, Central Florida Lumber & Supply Co., Inc.  The tenant is Longwood-based A Sunstate Trees, Inc.

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

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

 

REVA Development Partners Announces VIP List To Serve High Demand For Luxury Rental Community Northgate Crossing in Wheeling, IL

 

Matt Nix

 CHICAGO, IL — Chicago-based REVA Development Partners has created a VIP list to provide precedence to the large number of people who’ve expressed interest in residing at Northgate Crossing, a new 288-unit luxury rental communityat 250 Northgate Parkway in north-suburban Wheeling, Illinois.

To join the VIP list, prospective renters can visit http://www.northgatewheeling.com/.

 Pre-leasing will begin in October with first move-ins scheduled for mid-December.

“We are very excited to be part of the Wheeling community and, in particular, its downtown area,” said Matt Nix, principal of REVA Development.

“In recent years, Wheeling has made a strong commitment to increasing the town’s sense of place and livability and has added a wide variety of retail, office development and park space to its downtown center.

“It will become a destination for people in the north suburbs to live, work and play and Northgate Crossing will help further support those enhancements by providing new-construction apartments within walking distance to community attractions and the Metra.”

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

Kelly Shumaker, kshumaker@taylorjohnson.com, (312) 267-4519

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

Charles Dunn Co. Completes $4 Million Sale of Vacant 17,131-SF Office Property in Los Angeles to Medical Office User

John C. Anthony

 LOS ANGELES, CA – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $4 million sale of a vacant, two-building, 17,131-square-foot office property near the Downtown Los Angeles and Hollywood markets.

John Anthony, Chris Steck, and Chris Giordano of Charles Dunn Company represented the seller, 1616 Beverly Boulevard, LLC. The buyer, Thomas Leslie Cantor, was represented by Regional Realty & Investment.

Located at 1616 Beverly Blvd. and 118 Union Place near the 110 and 101 freeways, the property is situated on nearly one-half acre of land and includes a surface parking lot providing direct access to both buildings.

“The San Diego-based buyer plans to use the property for medical office use,” said Anthony. “Owner/user sales on the Beverly Blvd. corridor are strong as it is a major thoroughfare connecting to Downtown, Silverlake, and Hollywood.

“As rental rates rise and vacancy tightens, many Los Angeles-area businesses are looking to buy property for long-term stability of office space expenses.”

Anthony added that the buyer paid all-cash and escrow closed in just seven days.

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

Darcie Giacchetto

949.278.6224

www.charlesdunn.com

BankUnited Names New Commercial Real Estate Executive

Patricia Lubian

MIAMI LAKES, FL --  Patricia Lubian, an industry veteran with more than 25 years of experience, has joined BankUnited as a commercial real estate relationship manager.

Lubian’s responsibilities will include development and management of commercial real estate relationships, primarily in Miami-Dade County.

Most recently Lubian served as senior vice president of commercial real estate for Regions Bank in Miami.  

Additional expertise in the field includes having held senior positions in commercial and commercial real estate lending with Northern Trust of Florida and Barnett Bank of South Florida.

Lubian is a member of the Latin Builders Association as well as a past board member of the Builders Association of South Florida.

A Kendall resident, Lubian graduated from Barry University with a bachelor’s degree in economics and management.

Lubian will be based in BankUnited’s Miami Lakes headquarters at 14817 Northwest Oak Lane. 

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

Mary Harris,

(305) 817-8117                                           

MHarris@BankUnited.com

Savannah Whaley,

(954) 776-1999, ext. 225

swhaley@piersongrant.com

 www.BankUnited.com.

(877) 779-2265

Facebook at facebook.com/BankUnited.official and on Twitter @BankUnited

Essex Realty Group Brokers Sale of Two Multi-Family Buildings in Chicago, IL

  

Kate Varde

CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 1261-1301 W. Argyle and 1338-1354 W. Argyle.

1261-1301 W. Argyle St. and 1338 - 1354 W. Argyle St. (Argyle Street Properties) are located in Chicago’s Uptown Neighborhood.

 The Properties consist of 60 studios, 96 one-bedrooms, one two-bedroom/two-bath, and one three-bedroom one and one-half bath units. The Properties have been professionally managed and stabilized with significant attention given to correcting inherited deferred maintenance issues.

 Evidencing this is the fact the buildings have operated at or above 95% occupancy for the past five months.

1261-1301 W. Argyle sold for $6,545,000 and 1338-1354 W. Argyle sold for $10,580,000.

Doug Imber and Kate Varde were the brokers on the transaction.

Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.

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

Douglas Fisher

Essex Realty Group, Inc.

773.305.4910

dougfisher@essexrealtygroup.com

www.essexrealtygroup.com

MG Properties Group Sets Record in Reno; Acquires Two Properties Totaling 722 Units

  

 

Mark Gleiberman

San Diego, CA (Sept. 18, 2015) – MG Properties Group, a private San Diego-based real estate investor and operator, has announced the acquisition of two multifamily properties encompassing 722 units in the largest multi-housing bulk transaction in the history of Reno, Nevada.

MG Properties acquired the Vizcaya Hilltop Apartments and the Village at Iron Blossom Apartments in Reno, Nevada, bringing its regional portfolio to over 1,100 units. 

Vizcaya Hilltop Apartments is a 318-unit property built in 1991, and the Village at Iron Blossom Apartments consists of 404 apartment homes built in 1984. Both locations provide convenient access to freeways, employment centers, retail, and nearby entertainment options.

 Each property includes a mix of 1, 2, and 3 bedroom units, providing a variety of options for residents, and the properties feature extensive common area amenities.  MG Properties plans to renovate both properties, upgrading unit interiors, common area amenities, and addressing deferred maintenance items.  

The total purchase price for the two properties was $68.1 million. The brokers for the transaction were Newmark Grubb Knight Frank, Mission Capital, and Auction.com.  Financing was arranged by Brooks Benjamin at KeyBank National Association. 

According to Mark Gleiberman, MG Properties Group’s chief executive officer, “The potential to create value through renovations and upgrades to these properties makes them an excellent fit for our fully integrated investment and management platform.  These assets will bring added value to our existing portfolio.”

MG Properties Group has purchased eight properties in the past year, totaling approximately 2,600 units and $370,000,000 in combined purchase price. The company is targeting further acquisitions in Arizona, California, Colorado, Nevada, Oregon, and Washington. 

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

Jenn Quader or Lexi Astfalk

 (949) 955-7940

 lastfalk@browermillercole.com

Lincoln Property Company Southeast Brokers $1.3 Million Office Building Sale in Northwest Atlanta

 

Jeff Henson

 ATLANTA, GA (Sept. 17, 2015) – Lincoln Property Company Southeast (Lincoln) has executed the $1.3 million sale of 2700 Delk Road, a 25,000-square-foot office building in Marietta, Georgia.

 Jeff Henson of Lincoln represented the seller, ECI Capital, Inc., in the transaction. The building was purchased by Aero Systems Engineering, a local engineering firm that was already based in Marietta that plans on occupying 40 percent of the building and leasing out the remainder.

“With the Atlanta office market thriving once again and rental rates continuing to rise, you are now seeing users that have historically leased space now considering buying their own building,” said Henson. 

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

Savannah Duncan

The Wilbert Group

404-343-0870

sduncan@thewilbertgroup.com

Lincoln Property Company Southeast Brokers $15.7 Million Sale of Regional Power Center in Metro Atlanta Suburb

Chip Sipple

ATLANTA, GA  – Lincoln Property Company Southeast (Lincoln) and SRS Real Estate Partners have arranged the $15.7 million sale of Venture Pointe, a 335,151-square-foot power center located in Duluth, Georgia.

Tony Bartlett and Chip Sipple of Lincoln and Kyle Stonis and Pierce Mayson of SRS represented the seller, Wells Fargo Bank, N.A., in the transaction, which took place through Auction.com. Angkawijana LLC purchased the property, which is anchored by Kohl’s, Big Lots and Golfsmith.

“Venture Pointe garnered significant interest from the investment community because of its strategic location and significant value-add potential,” said Bartlett, senior vice president at Lincoln who oversees the firm’s Atlanta office. 

Located at 3960 Venture Blvd. in Duluth, the property benefits from its location at the Steve Reynolds Boulevard exit for I-85. Venture Pointe is strategically positioned within a significant retail corridor, located adjacent to PGA Superstore and Dave & Buster’s.

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

Savannah Duncan

The Wilbert Group

404-343-0870

sduncan@thewilbertgroup.com

ARC – Retail Centers of America and Lincoln Buy 512,871-SF Multi-Tenant Retail Development in Hoover, A for $83.5 million

 

Tony Bartlett

 ATLANTA, GA  – American Realty Capital - Retail Centers of America I & II, a publicly registered, non-traded REIT, with Lincoln Property Company Southeast (Lincoln), has acquired the 512,871-square-foot Patton Creek, a multi-tenant retail development located in Hoover, Alabama.

 Patton Creek Holdings, LLC, sold the property for $83.5 million.

Patton Creek includes 65.7 acres of open-air retail, featuring a vibrant mix of entertainment, dining and shop tenants. Dick’s Sporting Goods, Rave Motion Pictures, Ross Dress for Less, Cost Plus World Market, DSW, Barnes & Noble, buybuyBABY and Christmas Tree Shops anchor the center. 

The property was approximately 95 percent leased at the time of the sale.

American Realty Capital – Retail Centers of America I & II seeks to acquire existing anchored, stabilized, retail properties, including power centers, lifestyle centers, grocery-anchored shopping centers and other need-based shopping centers located in the United States. The REIT currently owns more than 25 properties across the country.

“The property’s enviable location and superior access to I-65 and I-459 establishes it as one of the most convenient shopping centers in Alabama,” said Tony Bartlett, senior vice president of Lincoln. “Well-tenanted centers in good locations in secondary and tertiary markets are providing strong returns for investors, and buyers have to be aggressive to secure these opportunities.”  

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

Savannah Duncan

The Wilbert Group

404-343-0870

sduncan@thewilbertgroup.com

Cooper Carry Names Five New Principals

Andrea Schaub

ATLANTA, GA (Sept. 15, 2015) – The internationally recognized design firm, Cooper Carry, recently named five new principals to further broaden the reach of its hospitality, interiors, K-12 education and corporate specialty practice groups.

The appointments demonstrate the company’s continued growth and the success of its senior leaders.

Manny Dominguez and Andrea Schaub were named principals in the hospitality specialty practice group, which is recognized as one of the top five hospitality practices in the nation.

The 1,175-key Marriott Marquis in Washington, D.C., the Douala Hilton in Cameroon, the Arlington Capital View Hotel, the Hilton Cleveland Convention Center Hotel slated to open in 2016 and The Sanctuary at Kiawah Island are just a few of Cooper Carry’s many projects around the world.

Dominguez has worked on projects such as the Sea Pines Resort’s Plantation Golf Club, which was recently named Clubhouse of the Year by Golf Inc. Magazine. 

Schaub, who has been with Cooper Carry since 2005, is known for her work on the Capitol Point Hyatt Place in Washington, D.C. and The Main Hotel and Conference Center in Norfolk, Virginia.

Kim Rousseau

Kim Rousseau, director of interior design, was named principal and currently leads the interior design of Park Center, where State Farm will be a lead tenant, promoting the most current workplace strategies in its design as a response to the influence Millennials are having on today’s office buildings.

In the K-12 education specialty practice group, Bob Just was named principal. In the recent past, Just has worked on several headliner projects including the 11-story North Atlanta High School, which garnered national attention for its adaptive reuse design of a 1970’s era corporate office building.

Bill Halter, director of corporate services, joined Cooper Carry in 2010 and has been named principal of the corporate specialty practice group.

Halter has led innovative office design efforts for projects such as Intergraph’s Huntsville-based corporate campus, where the workplace strategy led the client to boldly eliminate all private offices in exchange for a more collaborative, open concept plan.

Bill is currently leading the design team for Park Center with direct street and lobby access to an expanded Dunwoody, Georgia MARTA station.

Manny Dominguez

“We’re proud to recognize the hard work and accomplishments of these talented designers,” said Kevin Cantley, president and CEO of Cooper Carry.

“Their work will continue to shape the future of the built landscape and serve as a model for timeless design. These additions to our senior leadership team will help to ensure that the firm is solidly grounded for years to come.”

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

Hadley Creekmuir

The Wilbert Group

hcreekmuir@thewilbertgroup.com

 404.343.4080

Bob Just

                                                                                     

Bill Halter

          

Arbor Funds $101M in Multifamily Deals Across South and Other Regions

Alex Kaushansky

UNIONDALE, NY (Sept. 15, 2015) - Arbor Commercial Mortgage, LLC (“Arbor”), a national, direct commercial real estate lender, announced the recent funding of 21 loans totaling $100,946,800 across Alabama, Texas, North Carolina, Florida, Georgia, South Carolina, Michigan and New York under the Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae DUS Multifamily Affordable Housing, Fannie Mae DUS Small Loan, Fannie Mae DUS ARM, Fannie Mae DUS Student Housing Loan, Freddie Mac Loan, Freddie Mac Small Balance Loan and Arbor Realty Trust's Bridge programs.

Alex Kaushansky, Vice President in Arbor’s New York City office, originated all of the loans.

“Arbor has the nationwide expertise that’s required to meet borrower demands no matter where they do business, including the thriving multifamily markets found across the South,” Kaushansky said.

 “As demonstrated by this collection of loans, Arbor is providing investors the personal service and customized loan products they need to take advantage of today’s strong multifamily market conditions.”

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

Christopher Ostrowski

costrowski@arbor.com