Mary Tamaki joins Avison Young as VP of Marketing and Communications for Southern California

Mary Tamaki

Los Angeles, CA  – Christopher Cooper, Avison Young Principal and Managing Director of the company’s Southern California region, announced today that highly regarded marketing specialist Mary Tamaki has joined the firm in downtown Los Angeles.

Effective immediately, Tamaki becomes Vice-President of Marketing and Communications for the company’s Southern California region with a mandate to lead a high-performance marketing team and build a pre-eminent business development platform on the West Coast.

 She was most recently Vice-President of Business Development Marketing for Jones Lang LaSalle (JLL) in Los Angeles.

“Adding Mary to the team is a very strategic move for Avison Young,” comments Cooper. “She is a perfect fit for us, as she shares our culture and entrepreneurial spirit. 

"She will strengthen our brand identity and corporate presence in Southern California, ultimately providing our talented brokers, managers and asset services professionals with the tools and technology to better serve our clients.  Mary joins us at an ideal time as we continue to grow in key markets throughout the West Coast.”

  

Cooper continues: “We entered the Southern California region in August 2011 and have since grown to more than 120 people in six offices, with 13 million square feet (msf) of commercial space in agency leasing and 5 msf-plus under property management today.

“This growth is a great accomplishment; however, we see even more opportunity for impressive expansion over the coming years. We are focused on thoughtfully and consistently building a team not simply for numbers, but one that understands the dedication, commitment and integrity required to be the best in our business.

Christopher Cooper

“Mary will play leading marketing, business development and communication roles as we continue to expand strategically throughout Southern California.”

Tamaki brings to Avison Young 20 years of corporate experience as a creative leader in brand building and strategic marketing for global commercial real estate companies. 

She has a track record of designing and executing award-winning marketing, communications and business development programs, and is now focused on mobilizing new technology and digital media to raise the profile of the Avison Young brand and its company leadership in the region. 

As Vice-President of Business Development Marketing for JLL in Los Angeles, Tamaki led strategic and creative direction in business development activities in partnership with the firm's top producers in the region.

Prior to joining JLL, she honed her expertise in international client engagement strategies and branding as Global Marketing and Communications Director for Cushman & Wakefield (formerly DTZ). 

For DTZ, she led a successful, international rebranding of a newly merged global entity, an achievement she also accomplished as creative lead for the global rebrand of CBRE earlier in her career. She was founder and creative director of IMJ Studios, where she developed unique marketing strategies and campaigns for a diverse clientele, including Jacobs Engineering, ABM, Merv Griffin, CBRE, Colliers International, Transwestern and JLL.

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

Darcie Giacchetto

 949.278.6224

Marcus & Millichap Brokers $1.5 Million Sale of Riverwood Lodge Assisted Living Facility in Fort White, FL

Krone Weidler

FORT WHITE, FL, March 28, 2017 – 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 Riverwood Lodge Assisted Living Facility, a 8,586-square foot seniors housing property located in Fort White, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,500,000.

L.J. Tsunis, associate, and Krone Weidler, first vice president investments, both in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.

“The buyer demand for new construction of seniors housing product remains strong. The developer was able to successfully exit the property while still in lease-up phase. As Florida's reputation continues to grow as the bellwether state for seniors, we expect investment to remain strong in all seniors housing assets," said Tsunis.

Riverwood Lodge Assisted Living Facility, a newly constructed assisted living facility, is located at 6873 Southwest U.S. Highway 27 in Fort White, Florida. The 8,586-square foot property consists of 20 guest rooms and assorted common areas situated on four contiguous parcels totaling approximately 2.59 acres. Additionally, the facility was most recently certified by the State of Florida for a maximum occupancy of 36 beds.

L.J. Tsunis

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

Ari Ravi

Regional Manager, Tampa

(813) 387-4700

www.MarcusMillichap.com

Debi Stolberg

 Lead Certified Agent Support Specialist

Tampa, FL 33607

 (813) 387-4700 main

(813) 469-2206 mobile

(813) 387-4710 fax

debi.stolberg@marcusmillichap.com

  Follow us on:  http://www.facebook.com/pages/Marcus-Millichap/470840972970891 http://www.twitter.com/mmreis http://www.linkedin.com/company/marcus-&-millichap?trk=top_nav_home https://plus.google.com/b/107334265641161061486/107334265641161061486/op/iph#107334265641161061486/posts   NYSE: MMI

Marcus & Millichap Arranges Sale of Magnolia Self Storage in Sanford, FL

Brian Baldwin

SANFORD, FL, March 28, 2017 – 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 Magnolia Self Storage, a 32,725-square foot self-storage located in Sanford, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office.

Brian Baldwin, associate, Luke Elliott, vice president investments, and Michael A. Mele senior managing director investments, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.

“In the past 18 months, the number of private client transactions has increased, and the sale of Magnolia Self Storage is indicative of this trend,” states Mele.

Magnolia Self Storage, a 31,200-net rentable square foot facility, is located at 2530 South Magnolia Avenue in Sanford, Florida.

 It is comprised of 265 climate controlled and non-climate controlled units, ranging from 25 to 600 square feet, 25 boat and RV parking spaces and an on-site manager’s apartment. The facility sits on approximately 2.58 acres in Sanford, Florida, a principal city of the Orlando-Kissimmee-Sanford Metropolitan Statistical Area.

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

Ari Ravi

Regional Manager, Tampa

(813) 387-4700

www.MarcusMillichap.com

Tampa, FL 33607

 (813) 387-4700 main

(813) 469-2206 mobile

(813) 387-4710 fax

debi.stolberg@marcusmillichap.com

  Follow us on:  http://www.facebook.com/pages/Marcus-Millichap/470840972970891 http://www.twitter.com/mmreis http://www.linkedin.com/company/marcus-&-millichap?trk=top_nav_home https://plus.google.com/b/107334265641161061486/107334265641161061486/op/iph#107334265641161061486/posts   NYSE: MMI

Tenzer PLLC Attorneys Negotiate Lease for Brand-New Brickell Restaurant; Iconic brand La Petite Maison makes first foray into U.S. market with Miami location

La Petite Maison, 1300 Brickell Bay Drive, Miami, FL

MIAMI, FL—— Tenzer PLLC has completed the successful negotiation of a restaurant lease for La Petite Maison, a high-end French Mediterranean restaurant in Miami’s Brickell neighborhood. Miami marks the first U.S. location for the iconic brand.

Renowned restaurateur Arjun Waney first fell in love with La Petite Maison when he dined at the original location, founded by Nicole Rubi and Bernard Ollé, in Nice, France. Waney bought the ownership rights of the brand to expand the concept internationally outside France.

Chef Raphael Duntoye

 His business partners for the brand’s U.S. expansion include Bob Ramchand and Raphael Duntoye, the Chef Patron. La Petite Maison has three additional locations in London, Istanbul and Dubai.

Located at 1300 Brickell Bay Drive, La Petite Maison provides indoor and outdoor seating. Tenzer arranged the lease for approximately 5,000 square feet of interior space and nearly 2,500 square feet of terrace space.

La Petite Maison is situated within BrickellHouse, a 46-story ultra-modern luxury residential tower. For the Tenzer attorneys, one of the challenges of having a restaurant in a high-rise building is navigating through the intricacies of the condominium regime to ensure the client’s vision for the use of the space lines up with the covenants and conditions of record.

Additionally, given the retail units in this particular project were also condominiumized and sold to third parties, the negotiation process included not only the actual landlord, but also the developer and condo association.

In addition to La Petite Maison, Tenzer attorneys recently negotiated a 5,200-square-foot restaurant lease for another one of Waney’s ventures, a new Latin-Asian concept in South Beach called DÔA. Similar to La Petite Maison, DÔA is part of a mixed-use development with a hotel and residences. Before finalizing the restaurant lease, the attorneys had to ensure the condo documents were devoid of material issues that would interfere with construction or operation.

Nicole Rubi

Tenzer has extensive experience representing restaurateurs, developers, owners, and operators in the U.S. and internationally. The firm has developed a notable niche handling restaurant leases for prominent clients.

In addition to La Petite Maison and DÔA, the Miami-based firm has represented Waney’s group in the leases for his other popular restaurants including Zuma and Coya in Miami.

 “It’s such a pleasure working on these unique restaurant launches with this client and its talented team,” said Tenzer PLLC Member Ari M. Tenzer. “La Petite Maison is a top-notch restaurant that is going to change the Miami food scene, much in the same way that Zuma did years back.”

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

BoardroomPR

Eric Kalis, ekalis@boardroompr.com

Ashley Fierman, afierman@boardroompr.com

954-370-8999

PulteGroup Purchases 40 Acres in Boca Raton for New Active Adult Residential Community

                         

Brent Baker

 BOCA RATON, FL, March 27, 2017) – PulteGroup Inc. has acquired 40 acres within the site of renowned Boca Raton retirement destination Boca Lago Country Club. 

The national homebuilder paid $8.3 million for the land, which is located off Lyons Road just south of Glades Road.

PulteGroup has plans to build a 55-and-up community, called Boca Flores, under its Pulte Active Adult brand. The project will have 130 two-story carriage homes with two-car garages and one-story villas. Elevators will be standard in the two-story units. Prices start in the high $300,000s.

“Boca Flores is a response to the tremendous demand for active adult homes in close proximity to beaches, world-class dining and shopping,” said Brent Baker, PulteGroup’s southeast Florida division president. “The access to the Boca Lago Country Club also adds significant value for this particular buyer segment.”

The project will be built on a portion of the Boca Lago golf course that was previously closed by the club. Boca Flores is another example of Pulte’s unique ability to revitalize dormant golf course sites with vibrant new communities.

Homes at Boca Flores will range from 1,542 to 2,399 square feet. Amenities include a social membership with tennis privileges at Boca Lago Country Club, a resort pool, cabana, pickle ball court, passive park and walking trail. The community is gated with on-site security present.

“Maintenance-free, highly amenitized living is especially attractive to today’s 55-and-up consumer,” said Baker.

Pulte is slated to launch sales in August 2017. Model homes are expected to open during the first quarter of 2018.

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

Todd Templin and Eric Kalis, BoardroomPR

ttemplin@boardroompr.com

 or ekalis@boardroompr.com

954-370-8999

www.pulte.com

www.pulte.com/bocaflores

HFF arranges $2.94 million financing for newly built mid-rise apartment property in San Diego, CA

Mitra Apartments, East Village Neighborhood, 340 15th Street,
 San Diego, CA

SAN DIEGO, CA, March 27, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $2.94 million in financing for Mitra, a newly built, five-story, nine-unit boutique apartment building in San Diego’s East Village neighborhood.

Working on behalf of the developer, Nakhshab Development & Design, Inc., HFF placed the 10-year, fixed-rate, non-recourse loan with a commercial bank.  Loan proceeds replaced the existing construction loan and provided cash out.

Mitra is located at 340 15th Street within walking distance to numerous downtown destinations, including Petco Park, the Gaslamp Quarter and Balboa Park.  

Completed in January, the property provides nearby access to public transportation and the area’s major freeways via Interstate 5. 

The LEED Platinum property’s nine units total approximately 9,555 square feet and encompass a mix of eight loft-style floorplans and one penthouse unit offering views of downtown San Diego and the Coronado Bridge.  The open-concept units feature floor-to-ceiling windows, ENERGY STAR® appliances, mid-century modern finishes and patios or balconies.

Aldon Cole

The HFF debt placement team was led by senior managing director Aldon Cole and associate director Chris Collins.

“We are pleased that Nakhshab Development & Design, Inc. benefitted from a competitive bidding process between banks, Fannie Mae and Freddie Mac,” said Collins.  “In this case, the lender stood out from the competition due to their understanding of the value creation and long-term equity potential of the property.”

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

Olivia Hennessey

Public Relations Specialist

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

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

http://nddinc.net/.

HFF secures $81.9 million financing for 400-unit multi-housing community in Denver, CO

Skye 2905 Urban Flats (Skye 2905), North Union Station Neighborhood, Denver, CO

 

Eric Tupler

DENVER, CO, March 27, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $81.9 million in acquisition financing for Skye 2905 Urban Flats (Skye 2905), a 400-unit, Class A multi-housing community in Denver’s North Union Station neighborhood.

HFF worked exclusively on behalf of the borrower, Griffis Residential, to place the 10-year, 3.98-percent, fixed-rate loan with five years of interest only with a correspondent life insurance company.

Located across 20th Street from the Union Station neighborhood and downtown Denver’s only grocery store, King Soopers, Skye 2905 is in the heart of the city’s cultural core. 

The property is situated on 4.95 acres at 2905 N. Inca Street providing immediate access to major employers in the central business district and abundant dining, entertainment and cultural amenities.  

Skye 2905 is a five-story building consisting of one-, two- and three-bedroom units wrapped around a five-story parking garage with 2,714 square feet of retail on the ground floor. 

The property features common area amenities, including a swimming pool; outdoor entertainment lounge with grilling stations; state-of-the-art fitness center with yoga room; indoor lounge with poker room, gaming center, flat-screen TVs and foosball table; and downtown, mountain and Coors Field views. 

Residences feature nine-foot ceilings, granite countertops, stainless steel appliances, in-unit washers and dryers, soaking bathtubs, walk-in closets and wood plank or polished concrete flooring.

The HFF debt placement team representing Griffis Residential was led by senior managing director Eric Tupler and managing director Josh Simon.

  

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

Olivia Hennessey

Public Relations Specialist

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

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

www.GriffisResidential.com.

HFF hires Roland S. Merchant, Jr. as a senior managing director in New York office

Roland S. Merchant Jr.

        

NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced Roland S. Merchant, Jr. has joined its New York office as a senior managing director concentrating on investment sales and structured transactions.

Mr. Merchant has more than 20 years of experience in finance, sales and real estate investment banking and joins HFF from Eastdil Secured LLC.

  He has been involved in over $20 billion of investment sales, joint venture equity, debt placement and loan sale transactions for major public and private institutional real estate investors throughout the United States.

 Prior to Eastdil, Mr. Merchant was an investment banking associate in the Capital Markets Group at Cushman and Wakefield and the Leveraged Finance Group at Merrill Lynch.

Mr. Merchant holds a Master of Business Administration from Columbia Business School, where he was awarded the Robert A. Toigo Fellowship and a Bachelor of Arts from Dillard University. 

 He is a licensed securities representative, a licensed real estate salesperson in the state of New York and a member of Urban Land Institute (ULI), the National Multifamily Housing Council, the Real Estate Roundtable (RER) President’s Council and Real Estate Executive Council (REEC). 

Andrew Scandalios

Philanthropically, Mr. Merchant is the board chairman for the Robert Toigo Foundation Alumni Endowment Board and vice-chairman on the board of trustees for the City Parks Foundation of New York.

“HFF is thrilled to have Roland join our firm and strengthen our New York investment sales team,” said Andrew Scandalios, senior managing director and co-head of HFF’s New York office. 

 “Roland has a wealth of experience, deep relationships and thorough real estate knowledge, which will be of great value to HFF’s existing and future clients.”

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

Olivia Hennessey

Public Relations Specialist

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

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF arranges $32.5 million financing for Jersey City multi-housing development

Rendering of planned University Place, West Campus,  New Jersey City University,
 Florham Park, NJ

                                                                               (Rendering by Marchetto, Higgins, Stieve Architects)

                                                      

Jon Mikula

 FLORHAM PARK, NJ –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $32.5 million in financing for the development of a 163-unit multi-housing property serving the community surrounding New Jersey City University (NJCU).

HFF worked exclusively on behalf of the developer, a joint venture between The Hampshire Companies, Claremont Companies and Circle Squared Alternative Investments to secure the construction loan through M&T Bank.

The project is part of NJCU’s West Campus master plan, better known as University Place.  Situated just three blocks from NJCU’s Main Campus, University Place will encompass 22 acres comprising more than 200,000 square feet of retail, 110,000 square feet of education space and a 425-bed student housing community. 

This development will be the first phase of University Place’s market-rate unit component, which will total approximately 600 units once it is fully built out. 

 Due for completion later this year, the project will feature a mix of studio, one- and two-bedroom units along with more than 10,000 square feet of ground-floor retail and 177 parking spaces for residential and retail use. 

Units will include amenities such as high ceilings, open layouts, hardwood floors, hard surface countertops, walk-in closets and stainless steel appliances.  

Michael Klein

The property will offer more than 20,000 square feet of common amenity space, including 5,000 square feet of indoor lounge space and a 15,000-square-foot open courtyard located on the third floor, which will overlook the adjacent baseball park.

The HFF debt placement team representing the borrower was led by senior managing director Jon Mikula and managing director Michael Klein.

“University Place is an exciting new development, which is utilizing an area of Jersey City that is prime for not only the University’s expansion west, but for market-rate housing and retail,” Mikula stated.  “We were thrilled to be a part of the first phase of this development.”

“M&T Bank did a fantastic job getting their arms around this new market and creating a flexible structure that best met the sponsorship’s needs,” added Klein.

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

Olivia Hennessey

Public Relations Specialist

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

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

www.HampshireRE.com.

HFF secures acquisition financing for Class A multi-housing community near Fort Worth, TX

Cortney Cole

 

HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured acquisition financing for Venue at Hometown, a 209-unit, Class A multi-housing community in the Fort Worth, Texas, suburb of North Richland Hills.

Steve Heldenfels

HFF worked exclusively on behalf of the borrower, Venterra Realty (Venterra) to place the seven-year, 4.06-percent fixed-rate loan with a life insurance company.

Venue at Hometown is located at 9012 Courtenay Street less than three miles northeast of Loop 820 and North East Mall in Richland Hills.  

The property offers a mix of one-, two- and three-bedroom residential units situated around a landscaped center courtyard along with approximately 20,000 square feet of ground-floor retail. 

Community amenities include a swimming pool with sundeck, fitness center with flat-screen televisions, clubhouse and business center.  The property is 94 percent leased.

The HFF debt placement team representing Venterra was led by managing directors Cortney Cole and Steve Heldenfels

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

Olivia Hennessey

Public Relations Specialist

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

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

Now Atlanta has its own Commercial Real Estate Show

Michael Bull

ATLANTA, GA — Now Atlanta has its own commercial real estate show. Atlanta’s Commercial Real Estate Show debuted this month on Salem Media’s AM 920 The Answer.

The show provides market intelligence, analysis, forecasts, advice, and opportunities specific to Atlanta for business leaders and property owners.

The weekly half hour show airs on the radio at 12:30 on Sunday afternoons and broadcasts on-demand on iTunes, YouTube and the show website www.ATL.show.

The show host is Michael Bull, a licensed broker in nine southeast states and founder of commercial real estate services firm Bull Realty here in Atlanta. He has been an active commercial real estate advisor in Atlanta for 30 years and has closed over $5 billion in transactions.

Michael is also host of the successful long running America’s Commercial Real Estate Show. The weekly show has been on-air since 2010. Last month 120,000 people listened or watched the national show online alone.

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

Melissa Henry at 404-876-1640 x 110 or Info@AKBmedia.com. AKB Media Partners also produces America’s Commercial Real Estate Show (www.CREshow.com).

ATTOM Data Solutions Ranks Best Markets for Buying Single Family Rentals in 2017

Daren Blomquist

IRVINE, CA — ATTOM Data Solutions, curator of the nation’s largest fused property database, today released its Q1 2017 Single Family Rental Market report, which ranks the best U.S. markets for buying single family rental properties in 2017.

The report analyzed single family rental returns in 375 U.S. counties each with a population of at least 100,000 and sufficient rental and home price data, along with more than 6,000 U.S. zip codes with a population of 2,500 more and sufficient rental and home price data.

 Rental data was from the U.S. Department of Housing and Urban Development, and home price data was from publicly recorded sales deed data collected and licensed by ATTOM Data Solutions.

The average annual gross rental yield (annualized gross rent income divided by median purchase price of single family homes) among the 375 counties was 9.0 percent for 2017, down from an average of 9.1 percent in 2016.

“While good returns on single family rentals are hard to come by in high-priced coastal markets and in some other housing hot spots such as Denver and parts of Dallas, Austin and Nashville, solid returns on single family rentals will continue to be available in many parts of the Southeast, Rust Belt and Midwest for investors purchasing in 2017,” said Daren Blomquist, senior vice president at ATTOM Data Solutions.

“And single family rentals should continue to yield strong returns in many parts of the country going forward given the market undercurrents of low rent-ready housing inventory and low homeownership rates.

“Average fair market rents increased in 2017 in 86 percent of the markets we analyzed even while average wage growth outpaced rent growth in 67 percent of markets — a recipe for sustainable growth in the rental market.”

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

Jennifer von Pohlmann

949.502.8300, ext. 139

jennifer.vonpohlmann@attomdata.com

Seasoned Real Estate Industry Veterans Bonneau Ansley and David Tufts Form Anslely Developer Services in Atlanta, GA

David Tufts

ATLANTA, GA – Driven by explosive growth, Ansley Enterprises announces the formation of Ansley Developer Services (ADS), creating one of the largest new home sales and marketing companies in the Southeast, comprised of a powerhouse team of real estate professionals.

Ansley Enterprises Founder and CEO, Bonneau Ansley, one of the top producing real estate agents in Atlanta and the nation, and seasoned industry veteran David Tufts are partners in this new venture, which leverages their combined 30-plus years of unparalleled market knowledge and innovative strategic insights to new home and mixed used developments and condominium projects.

The announcement comes on the heels of Ansley’s and Tufts’ purchase of The Marketing Directors Southeast, last year. Today, Tufts has been named president of Ansley Enterprises.

“David’s deeply-rooted experience in the Southeast, creating a one-stop sales and marketing platform for developers, has allowed our full-service agency to grow exponentially and function synergistically,” said Ansley. “By expanding our expertise in development marketing, we’re offering buyers every imaginable real estate service from first-time homebuyers to empty nesters, new construction and everything in between.”

ADS offers a comprehensive platform of development marketing and technology services, including market research and analysis; project planning, positioning, and design development; marketing strategy development and execution; on-site sales and leasing; and development consulting. ADS will synergistically function alongside Ansley Atlanta Real Estate, which has experienced unprecedented growth and is track to continue an upward trajectory throughout the Southeast.

Bonneau Ansley

“This bold move will forge a powerful force offering our clients state-of-the-art development services,” said Tufts. “Our innovative platform will offer unprecedented access to the latest technology and market insights in real-time.”

Since launching Ansley Enterprises in 2016, Ansley has grown the luxury residential brokerage firm, Ansley Atlanta Real Estate, to a staggering 77 agents and staff. 

The average Ansley Atlanta Real Estate agent sells over $5 million annually. Currently, ADS retains over $1.15 billion in projects including Broadview Place , Buckhead Park, MODA on Church, Newport Beach Club, The Residences at Turner Hill, Emerald Greens, located in Gulf Shores, Ala., and most notably, Pinewood Forrest.

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

EMMA CATHEY

PUBLICIST

LIZ LAPIDUS PR

O | 404-688-1466

C | 678-588-1661

FOLLOW US @lizlapiduspr

FOLLOW ME @emmacarolinec

772 Edgewood Ave, NE

Atlanta, Georgia 30307

Construction Underway at Merrick Manor in Coral Gables, FL

Rendering of planned Merrick Manor Apartments, 301 Altara Avenue,
 Downtown Coral Gables, FL

Henry Torres

CORAL GABLES, FL – Pioneering Miami developer The Astor Companies has started vertical construction at Merrick Manor, a luxury residential project rising in the heart of Coral Gables. Work is well underway at the 301 Altara Avenue site of the 10-story, 227-residence project.

The Mediterranean villa-style building is on track for a scheduled completion during the first quarter of 2019. Prominent architecture firm Behar Font & Partners, P.A. designed the building, with Witkin Hults Design Group providing landscape design.

 Renowned South Florida-based interior design firm Interiors by Steven G. has continued a longstanding relationship with Astor by designing unit interiors at Merrick Manor. Jaxi Builders of Doral is the project’s general contractor.

“We are incredibly excited to move forward with the construction of Merrick Manor,” said Henry Torres, President, CEO and Founder of The Astor Companies. “This project is bringing a convergence of location, elegance, comfort and luxury to Coral Gables. That formula has resulted in widespread interest from local, domestic and international buyers.”

More than 50 percent of the project is under contract, with prices for remaining units starting in the $500,000s and ranging up to $3 million. Units range from 574 square feet to more than 3,400 square feet and are equipped with impact-resistant windows and doors. The project also includes 19,000 square feet of prime ground-floor retail space.

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

Todd Templin: ttemplin@boardroompr.com, 954-290-0810

Eric Kalis: ekalis@boardroompr.com, 305-794-5123

www.astorcompanies.com

Facebook: https://www.facebook.com/MerrickManor/

Visit Merrick Manor project Sales Gallery at 4200 Laguna Street, call (305) 779-6870 or email info@merrick-manor.com.

Stepp Commercial Completes $3.18 Million Sale of 24-Unit Palmdale Apartments Propert in Downtown Long Beach, CA

Palmdale Apartments,  845 East 6th Street, Downtown Long Beach, CA

 

Robert Stepp

LONG BEACH, CA – Stepp Commercial, a leading multifamily brokerage firm in the Long Beach market, has completed the nearly $3.18 million sale of Palmdale Apartments, a 24-unit property located in the East Village Arts District of Downtown Long Beach.

Robert Stepp and Michael Toveg of Stepp Commercial, represented the private seller from Riverside, Calif., as well as the buyer, Beverly Hills-based, Forward 6th Street Investments, LLC. The property closed at a 4.57 percent cap rate and a price per unit of nearly $132,500.

Built in 1924 and located at 845 E. 6th Street, the two-story property consists of 23 studio units and one two-bedroom unit.  The property was renovated recently to include hardwood floors and granite countertops in all of the units.

“This property is very close to prime Downtown Long Beach and is within the East Village Arts District, a neighborhood that is rapidly growing.

" New shops, restaurants and entertainment venues are opening on a monthly basis here, and are attracting young professionals looking to experience an urban, amenity-rich lifestyle,” said Stepp.

Michael Toveg

The buyer plans to add value through additional renovations to the exterior common areas as well as unit upgrades.

 Stepp Commercial is a brokerage firm specializing in the multifamily sector for properties ranging in size from $1 million to $50 million in Long Beach. 

Stepp Commercial’s mission is to provide apartment owners with a fully integrated sales platform that includes comprehensive market knowledge and local real estate expertise to successfully complete any type of multifamily transaction.

Specializing in one key market gives Stepp Commercial a competitive advantage which accelerates and ensures client success. For more information visit

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

Darcie Giacchetto

949.278.6224

www.SteppCommercial.com