Feldman Equities LLC & Tower Realty Partners Acquire Downtown Tampa, FL Development Site

Tampa Riverwalk

TAMPA, FL       Riverwalk Tower, LLC, a joint venture of Feldman Equities, LLC and Tower Realty Partners, has acquired a 1.47 acre land site and the adjacent CapTrust office building in Downtown Tampa from Brownstone Tampa Partners LLC, a company controlled by Forge Capital Partners LLC, for $12.05 million.

The site sits on the edge of the new Tampa Riverwalk.  The land boundaries are South Ashley Drive on its east boundary, Borein Street to the property’s south, the Hillsborough River to the west and Whiting Street to the north. The site has over 350 lineal feet of waterfront.  

The property is widely considered to be the most desirable location in downtown Tampa because of its extensive water views, immediate adjacency to the Tampa Riverwalk and its close proximity to the “core” high-rise district of downtown Tampa. 

The site will be home to Riverwalk Tower, a 52-story office and luxury residential building.

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

tyoungman@assetmarketingonline.com

1000 South Clark in Chicago’s South Loop Opens for Pre-Leasing

Sheila Byrne

                                              CHICAGO, IL – Chicago-based The Habitat Company has announced the start of pre-leasing at 1000 South Clark, a new 469-unit luxury apartment tower in Chicago’s South Loop neighborhood. 

The building is slated for delivery in early 2016 and is a joint venture between Chicago-based JDL Development and New York-based iStar.

The development will offer studio, one-, two-, and three-bedroom residences ranging from 512 to 2,730 square feet with rents ranging from $1,625 to $6,784. 

Additionally, 1000 South Clark will also feature six three-bedroom rental townhomes averaging 2,635 square feet, which will include a two car garage. Select townhome floor plans will also offer 3 ½ baths. Townhome rents start at $5,823.

“1000 South Clark residents will enjoy five-star finishes and more than 40,000 square feet of amazing amenities,” said Sheila Byrne, executive vice president of property management at The Habitat Company. “Add to that convenient access to the amazing variety of shopping, dining and entertainment options that the South Loop has to offer, and we know this building will be at the top of renter’s wish lists.”

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

Cara Mooses, cmooses@taylorjohnson.com, 312.267.4523

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

First Residents Move into Brighton Mews in Park Ridge, IL

Jerry S. James

CHICAGO, IL – Just in time for the holidays, homebuyers have begun moving in at Brighton Mews, Edward R. James Companies’ 29-unit townhome community in the heart of downtown Park Ridge. 

The development, located at the corner of Northwest Highway and Washington Street, is 60-percent sold.

“Buyers have been drawn to Brighton Mews’ location and functional floor plans, and at a price point that makes it attainable to enjoy new construction in a sought-after North Shore community, “said Jerry S. James, president of Glenview, Illinois-based Edward R. James Companies.

“This is particularly true for buyers who work in the city, as Brighton Mews is walkable to the Metra Station for a 25-minute express ride to downtown Chicago.”

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

Julie Liedtke, jliedtke@taylorjohnson.com, (312) 267-4521

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

Class A retail center sells for $25.5 million in Clearwater, FL

Michael Milano

CLEARWATER, FL – An affiliate of North American Development Group has purchased Courtyard at Countryside, a prominent retail center in Clearwater, for $25.5 million.

The center is anchored by Kohl’s and Total Wine & More and is located at 2514-2532 State Road 580, across from the Westfield Countryside shopping mall. It was fully leased at the time of sale.

Michael Milano, CCIM, MAI, and Ron Schultz of Colliers International Tampa Bay represented the seller, Skylark Plaza, LLC, which developed the property in 2008.

“Class A retail properties like Courtyard at Countryside are very much in demand,” said Milano, Managing Director, Retail Investment Services for Colliers International Tampa Bay. “Recognizing this, the seller decided to take advantage of the favorable market conditions.”

Ron Schultz

Courtyard at Countryside is home to a number of other well-known tenants, including Panera Bread, EverBank, Salon Lofts, Sport Clips and Tijuana Flats. 

In addition to being located on a prominent corner, it is directly across from Westfield Countryside, a 1.3-million-square-foot mall anchored by Dillard’s, Macy’s, JCPenney, Sears and Whole Foods.

“Courtyard at Countryside is well-positioned within a highly successful concentration of regional retail properties,” said Schultz, Director, Retail Investment Services for Colliers International Tampa Bay. 

“The property’s large trade area and quality tenant mix make this a top-quality asset to add to the buyer’s existing portfolio of retail properties.”

North American Development Group (NADG) is one of North America’s leading shopping center acquisition and development companies. For almost 40 years NADG has been active in the development, acquisition, redevelopment and management of over 250 shopping centers totaling more than 30 million square feet, with an enterprise value of over $3.5 billion.

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

Leah Saunders 

Senior Account Executive

B2 Communications

p 727.895.5030 x104 | c 813.924.0367

www.B2Communications.com

www.nadg.com.

HFF hires Peter Rotchford as a director in its New York office

                                 

Peter Rotchford

NEW YORK, NY – Dec.1, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that Peter Rotchford has joined the firm as a director in its New York office.

 Mr. Rotchford will focus on fixed and floating-rate debt and equity placement transactions in the greater New York City area with a particular focus on multi-housing, office, hospitality and healthcare/seniors housing transactions. 

Mr. Rotchford joins HFF from Avison Young where he was a director in charge of sourcing and placing debt and equity opportunities for the firm nationwide.  Prior to Avison Young, he worked as a financial analyst in Colliers International’s Healthcare Group and before that for Gale International in Shanghai, China.

 Mr. Rotchford is a licensed real estate salesperson in New York and has a bachelor’s degree from Saint Michael’s College in Colchester, Vermont.

“HFF continues to make strides in growing our New York City market share with key hires like Peter, who help provide the best team on the field for each transaction,” said Michael Tepedino, senior managing director and co-head of HFF’s New York office. 

“Peter brings with him a wealth of experience in the healthcare/seniors housing space; strengthening our capabilities in the sector.  In addition, his thorough understanding of the Chinese real estate markets will be beneficial as we continue to see increased levels of foreign capital across all property types and lines of business.” 

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

NAI Realvest Negotiates Two Sales of Vacant Commercial Land in Lake Mary, FL and Orlando, FL

 

Mary Frances West

ORLANDO, FL. – NAI Realvest recently represented sellers and closed on two sales of vacant commercial land – one parcel in Lake Mary and one in Orlando – for more than $700,000.

Michael Heidrich, principal at NAI Realvest, represented NOS Investments, LLC of Orange City in negotiating the sale of a 1.22-acre office lot for $500,000.   The property, located at 920 Williston Park Point in Lake Mary, was purchased by C.W. Harkins Corp. of Lake Mary, represented by Mark Harkins.

Mary Frances West, CCIM, NAI Realvest’s senior broker associate, represented Tampa-based Sellers Lori Lacy Griffith Trust and Jewel K. Ussery Trust in the sale of 1.47 +/- acres of vacant land at 3650 Old Winter Garden Rd. in Orlando.   Buyer CL Green Inc. of Windermere paid $205,000 for the property and was represented in the transaction by Steve MacGeorge of Commercial Equity Partners.   

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

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

Chatham Lodging Trust Increases Capacity with New Fully Unsecured Credit Facility, Reduces Interest Costs and Pushes Maturity to 2020

PALM BEACH, FL,  Nov. 30, 2015—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded, select-service hotels, today announced that it successfully closed on a new, expanded $250 million senior unsecured revolving credit facility.

The new unsecured revolving credit facility will mature in November 2020, which includes the option to extend the maturity by an additional year and replaces a $175 million secured credit facility that was scheduled to mature in 2016.

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

Patrick Daly

Account Executive

 Daly Gray, Inc.

620 Herndon Parkway

Suite 115

Herndon, VA 20170

 (703) 435-6293 (office)

patrick@dalygray.com

Ramada Fuels Australian Growth with Addition of Newest Resort on Queensland’s Sunshine Coast

Barry Robinson

GOLDEN BEACH, AUSTRALIA (Nov. 30, 2015) – Further building upon its presence in Australia, Wyndham Hotel Group today announced the rebranding of the WorldMark Golden Beach Resort—one of Queensland’s most popular vacation ownership resorts— to the new Ramada® Resort Golden Beach.

Located along Queensland’s Sunshine Coast, the 130-room resort recently underwent an approximately $1.5 million renovation and will now operate as a mixed-use property, catering both to traditional hotel guests as well vacation owners through WorldMark South Pacific Club by Wyndham. It’s the 14th property in Australia to open under the Ramada flag.

“Ramada is a globally recognized brand known not just for the tremendous quality of its offerings, but the unique, global destinations made available through its ever growing portfolio,” said Barry Robinson, president and managing director, Wyndham Hotel Group South East Asia and Pacific Rim.

 “Through this rebranding and renovation, we’re opening one of the area’s best resorts to a whole new set of global travelers and sharing all that Golden Beach and the Ramada brand have to offer with them.”

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

Hayley Sultanie

Public Relations

T: +61 (0) 7 5512 8491

hayley.sultanie@wyn.com

www.wyndhamAP.com

$6.885 million financing for 209-unit multi-housing community in Colorado Springs, CO secured by HFF

Peak 4420 Apartments, 4420 East Pikes Peak Avenue, Colorado Springs, CO

Brock Yaffe

DENVER, CO – Nov, 30, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $6.885 million in financing for Peak 4420, a 209-unit, garden-style multi-housing community in Colorado Springs, Colorado.

Working on behalf of POV Investment Group, LLC, an affiliate of Radford Investment Properties, HFF placed the seven-year loan with Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. 

The securitized, floating-rate loan has two years of interest only with flexible prepayment and will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.

Peak 4420 is located at 4420 East Pikes Peak Avenue to the east of downtown Colorado Springs and near major thoroughfares, including State Highway 24, Route 21 and Interstate 25, providing convenient access to the area’s core employment centers. 

The seven-building property has studio, one- and two-bedroom units ranging from 520 to 750 square feet.  Community amenities include a swimming pool, dog park and playground.

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

"HFF was exceptional to work with on this refinance, which allowed our investors to recoup the vast majority of their initial investment while providing additional capital for continued improvements to the property.  HFF's team delivered and exceeded on our agreed terms and I look forward to working with them on future deals," said Michael Foerster, principal for Radford Investment Properties.

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

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF closes sale of 411-unit apartment community in San Antonio, TX

Matt Pohl

AUSTIN, TX – Nov. 30, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of The Place at Overlook, a 411-unit apartment community in San Antonio, Texas.

HFF marketed the asset exclusively on behalf of MC Companies.  My Residential, a private company located in Denver, Colorado, purchased the property for an undisclosed amount on a loan assumption basis.

The Place at Overlook is situated on 16.04 acres at 4934 Woodstone Drive near the intersection of Interstate 10 and Huebner Road in northwest San Antonio. 

In addition, the asset is proximate to Loops 410 and 1604 and major employers, including USAA and the South Texas Medical Center.

The 31-building property has 294,000 rentable square feet and offers a mix of one- and two-bedroom units.  Community amenities include a swimming pool, full-size sport court, sand volleyball court, fitness center and clubhouse.

The HFF investment sales team representing the seller was led by director Matt Pohl and senior managing director Sean Sorrell.

“The Place at Overlook is a well-located property in northwest San Antonio that presented the marketplace with an interesting value-add opportunity,” says Pohl.  “We were pleased to find a qualified buyer that was capable of navigating the loan assumption process and to assist My Residential with their first acquisition in the San Antonio market.”

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

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

Anantara Launches First Luxury Residences at Popular Layan, Phuket Resort in Thailand

The Residences by Anantara at Phuket Resort, Thailand

PHUKET, THAILAND -- Luxurious sea view residences offering the ultimate in opulent indulgence complete with on-call butler services have been unveiled at Anantara Layan Phuket Resort, the island’s idyllic five-star resort hideaway.

The Residences by Anantara offers 15 exclusive pool residences overlooking the secluded Anantara Layan Phuket Resort, a tropical sanctuary in a tranquil beach setting on Phuket’s stunning west coast.

 For more information on Anantara Hotels, Resorts & Spas, please visit www.anantara.com.

Follow us on Facebook: www.facebook.com/anantara;

 Twitter and Instagram: @anantara_hotels

Anantara Dining Room

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

Hwee Peng Yeo

Vice President, Asia Markets

Glodow Nead Communications

San Francisco • New York • Singapore • Shanghai

Level 21, Centennial Tower, 3 Temasek Avenue • Singapore 039190

Level 15, One Corporate Avenue, 222 Hubin Road, Shanghai China, 200021

1700 Montgomery Street, Suite 203 • San Francisco, CA • 94111

Asia: 65.9768.6087  US:415.394.6500 • E: hweepeng@glodownead.com

www.GlodowNead.com

杨慧萍

副总裁

博德纳公关咨询公司

Centennial Tower 21层，Temasek Avenue 3号， 新加坡邮区039190

上海湖滨路222号企业天地一号15层，中国邮编20021

E: hweepeng@glodownead.com

 www.GlodowNead.com

www.gha.com

Flanigan's Purchases Oakland Park Property in Fort Lauderdale, FL for Nearly $1 Million

  

Flanigan Building, 1290 East Commercial Boulevard, Oakland Park, FL

St. George Guardabassi

FORT LAUDERDALE, FL -- Berger Commercial Realty brokers St. George Guardabassi and Keith Graves recently represented Kegy & Associates, LLC in the $922,500 sale of an Oakland Park property, located at 1290 E. Commercial Blvd., to Flanigan's Enterprises, Inc.

The building formerly housed Ike's Carter Pool Company, a local business serving Broward and Palm Beach counties since 1949. Ike's Carter has relocated to a new facility in greater Fort Lauderdale.

Listed on the American Stock Exchange (NYSE MKT: BDL) and in business for more than 50 years, Flanigan's Enterprises, Inc. owns and operates 23 Flanigan's Seafood Bar and Grill restaurants and Big Daddy's retail liquor stores throughout South Florida.

The company intends to use the new facility as storage for its catering business. The property is located less than a mile away from Flanigan's headquarters, located at 5059 N.E. 18th Ave. in Fort Lauderdale, and just a few blocks from one of its restaurants, located at 1479 E. Commercial Blvd. in Oakland Park.

Keith Graves

"The building that Flanigan's purchased has the capacity to function as retail space, an office showroom, a truck terminal / transit point, or as any other overall hub for business on Commercial Boulevard, which sees between 55,000 and 65,000 cars per day," Graves said.

Guardabassi added, "With its flexible space, central location, and proximity to other Flanigan's properties, this site was the perfect fit for the company's growing catering division."

The one-story building consists of 6,451 square-feet of multi-purpose space and offers ample parking, dock-height loading, and convenient access to I-95 and Florida's Turnpike.

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

954-776-1999

Lexi Robinson, ext. 255, lrobinson@piersongrant.com

Marielle Sologuren, ext. 226, msologuren@piersongrant.com

Big Business at Bijou Bay Harbor Sales Center Launch Party at Bay Harbor Islands, FL

From left: Ivan Ramirez, Andres Arias Gutierrez, Robert Morales and Eduardo Pruna

 BAY HARBOR ISLANDS, FL – Simply seeing the sales center for Bijou Bay Harbor wasn’t enough for one guest at the luxury condominium’s spectacular grand opening party. One buyer snatched up one of the five exclusive penthouses at the luxury waterfront condominium from respected mega-developer Juan Carlos Gonzalez.

The deal only added to the night’s festivities, as 300 VIPs, dignitaries and local luxury real estate agents witnessed the ribbon cutting and grand opening of the development’s 2,000-square-foot on-site sales center on the shores of Biscayne Bay.

“This spectacular event was befitting Bijou Bay Harbor and the island community it will call home,” said Robert Morales, the vice president of operations for Ability by Acierto. The U.S. development company created by Gonzalez has partnered with Conexo Inmobiliario, founded by Andres Arias Gutierrez, who will serve as the president of new developments for Ability by Acierto.

Ribbon cutting ceremony to celebrate opening of Bijou Bay Harbor sales center

“The transformation of Bay Harbor Islands has been nothing short of phenomenal, and we know Bijou Bay Harbor will be an integral element in the city’s continued growth,” said Morales.

The launch party featured choreographed paddle boarders riding LED-lit paddle boards, with Bob Marley and reggae tunes played by local DJ/violinist sensation Timothee Lovelock. A luxury car exhibition was staged by MPH Club & Ocean Cadillac, and the entire celebration was captured by an aerial drone and presented by media sponsor South Florida Luxury Guide.

DJ/violinist sensation Timothee Lovelock

The 2,000-square-foot sales center was designed by Adriana Hoyos. Even before the event, pre-sales had been drawing keen interest from young professionals and buyers from throughout the Americas, the Caribbean, the U.S. and Europe. With sales now fully underway, the groundbreaking is expected in early 2016.

Once completed, the seven-story development will feature architecture by Luis Revuelta and Charles H. Benson with 41 private residences, ranging from 900 to just over 2,000 square feet. Prices start in the $500,000s and rise to $1.9 million for the four remaining penthouses.

 Eduardo Pruna, Bijou Bay Harbor sales director, and Crescendo Real Estate will handle sales for the project.

For sales information, email Eduardo Pruna at Eduardo@bijoubayharbor.com

 or call (305) 864-2220. 

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

BoardroomPR

Ashley Fierman

(954) 370-8999/ (954) 330-1554

afierman@boardroompr.com

www.bijoubayharbor.com

Shake Shack to Open First Kentucky Location at The Summit at Fritz Farm in Lexington, KY

Jeffrey A. Bayer

BIRMINGHAM, AL — Bayer Properties announced Shake Shack®—the critically acclaimed, modern-day 'roadside' burger spot that began in 2001 as a hot dog cart in New York City—will open its first-ever Kentucky location at The Summit at Fritz Farm in Lexington.

The Summit at Fritz Farm, a modern, experiential, walkable development, will combine national retail brands, local chef-driven concepts, the first mixed-use food-hall concept in the region, 

Class A office space, condo-quality apartments and a fashion inspired boutique hotel. Infused with the local essence of Lexington, the project will open in March 2017.

“Having Shake Shack come to Lexington is a testament to how special the city is, and how special The Summit at Fritz Farm is going to be,” said Jeffrey Bayer, President and CEO of Bayer Properties. “Looking at how well-received Shake Shack has been at its other locations, we think that those who live, work and visit The Summit at Fritz Farm are going to love the experience the restaurant will bring to this community.”

The one-level, 3,000 square-foot Shake Shack will anchor “The Green”, a communal space area designed by Kentucky native and award-winning garden designer Jon Carloftis that will be the heart and soul of the property.

 Phase I will also include 306 condo-quality apartments, approximately 125-room fashion inspired boutique hotel as well as 48,000 square feet of Class A office space. 

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

Hadley Creekmuir,

The Wilbert Group

Email: hcreekmuir@thewilbertgroup.com

Tel: 404-343-4080

 www.bayerproperties.com

Will Phoenix law firms start to move into creative space?

Jason Moore

Phoenix, AZ -- According to JLL’s 2015 Law Firm Perspective, law firms across the U.S. are warming up to the idea of occupying creative office space. They are even locating outside of traditional CBD’s as rents continue to rise and the availability of quality Class A office space diminishes.

Are these national trends true to the Phoenix market? Somewhat.

In Phoenix, law firms typically locate within the Camelback Corridor, Downtown and Midtown submarkets. And while we haven’t seen any major users jump from traditional space to creative space, we are seeing firms use space more efficiently and show interest in different submarkets.

“As supply is beginning to decrease in some of the traditional markets, expanding law firms are looking at other suburban areas such as North Scottsdale and even Tempe and Chandler where the bulk of new construction is occurring,” said Jason Moore, Vice President of the JLL Phoenix office. 

“These are also the same submarkets where we are seeing creative users locate so we may start to see law firms show interest in creative-type footprints as they move from traditional file rooms and libraries to paperless, online-type space.” 

Flexibility has become a critical element in regards any law firm space, including physical layout and lease terms. The rising rents are challenging firms to structure leases that can maintain flexibility and still take favorable advantage in the market. And above all, quality of space is remains a key focus for talent recruitment and retention efforts.

To learn more about Phoenix law firm trends from JLL’s 2015 Law Firm Perspective or for more information about JLL’s law firm tenant representation services, please contact:

Jason Moore

Vice President

+1 602 282 6280

Email Jason