Berger Commercial Realty Facilitates $345,000 Sale of 5005 Building in Tamarac, FL

  

Keith Graves

 FORT LAUDERDALE, FL  – Berger Commercial Realty/CORFAC International Senior Vice Presidents Keith Graves and St. George Guardabassi recently represented Accountable Storage, LLC in the $345,000 sale of the 5005 Building to Firstway Storage Commercial, Inc.

Located at 5005-5007 N.W. 37th Ave. in Tamarac, the 3,256-square-foot industrial building is situated on a 7,345-square-foot lot along the Commercial Boulevard corridor between I-95 and Florida’s Turnpike. 

The warehouse can be divided into 12 separate bays and features 14 feet of clear ceiling height and grade-level overhead doors.

The building was part of a $7.7 million portfolio of six properties in Tamarac spanning 5.39 acres and totaling 59,256 square-feet of space. 

The exclusive sales listing for the portfolio was awarded to Berger Commercial Realty in 2016 by AMC Furniture Liquidators, which plans to consolidate operations and relocate within the South Florida market.

The warehouse is the third property in the portfolio to have been sold by Graves and Guardabassi after the brokers facilitated the $227,000 sale of 5011-5013 N.W. 37th Ave. to Air-Ways Mechanical Services, LLC in January and the $965,000 sale of 3801 N.W. 50th Street to S.V.P. Tile & Marble, Inc. in December.

The remaining properties in the portfolio include:

St. George Guardabassi

·         3705 W. Commercial Blvd., a 30,656-square-foot freestanding office/showroom and warehouse building situated on an 89,000-square-foot lot that is listed at $3.675 million and features 18-foot ceilings, dock-high loading and exterior signage opportunities;

·         a 44,500-square-foot land parcel, listed at $1 million, on W. Commercial Blvd. adjacent to the other the properties;

·         and 3803 W. Commercial Blvd., a 10,064-square-foot retail building located on a 43,659-square-foot lot that is listed at $1.5 million and consists of a 3,500-square-foot bay and a 6,564-square-foot bay. The building is currently under contract.

For more information about Berger Commercial Realty’s brokerage services, call 954-358-0900.

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

954-776-1999

Pierson Grant Public Relations

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

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

www.bergercommercial.com.

www.corfac.com

HFF closes $19.25 million sale of and arranges $12.5 million financing for Sabadell Financial Center in Broward County, FL

Sabadell Financial Center, 150 South  Pine Island Road, Plantation, FL

Hermen Rodriguez

MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $19.25 million sale of and arranged $12.5 million in financing for Sabadell Financial Center, a five-story, 102,007-square-foot, Class A office building in the Broward County community of Plantation, Florida.

HFF marketed the property on behalf of the seller, Clarion Partners, LLC, and procured the buyer, The Green Companies.  

Clarion Partners acted on behalf of a separately managed account client advised by the firm. Additionally, HFF assisted the new ownership in securing the 10-year, fixed-rate loan through Aegon USA Realty Advisors, LLC. 

Sabadell Financial Center is located at 150 South Pine Island Road, just north of Interstate 595, which provides access to all parts of the tri-county area. 

The 7.3-acre site is equidistant between Miami and West Palm Beach and close to Fort Lauderdale-Hollywood International Airport, Port Everglades and downtown Fort Lauderdale. 

Extensively renovated from 2012 to 2015, Sabadell Financial Center is 96 percent leased to tenants, including Sabadell United Bank, Quest Workspaces and Ferencik Libanoff Brandt Bustamante & Goldstein, P.A. 

Elizabeth Green

The HFF investment sales team representing the seller was led by senior managing director Hermen Rodriguez, director Ike Ojala and associate director Tracey Goo.

HFF’s debt placement team was led by senior managing director Paul Stasaitis and associate Maxx Carney.

The Green Companies negotiating team was led by James Bernstein, Elizabeth Green and George Brown.

 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.clarionpartners.com.

Winter & Co. Arranges $45 million construction loan for ground-up condominium development in Greenwich Village, NY

NEW YORK, NY -- Winter & Company has arranged a $45 million construction loan for the ground-up development of an ultra-high-end, 10-unit, nine-story luxury condominium building in a prime location in Greenwich Village in downtown Manhattan.

The full-block-wide site provides light and air on three sides. The upper units will have views of the Hudson River and some will have underground parking. 

The well-capitalized developer specializes in creating bespoke, boutique condominium buildings in Downtown Manhattan with very high-level finishes, design and aesthetics. The 3-year construction loan is priced at 350 basis points above 30-day LIBOR with a floor of 3.9% and was structured with limited recourse.

Winter & Company is a Manhattan-based, commercial mortgage advisory firm that specializes in arranging development and construction financing (as well as joint venture equity for new developments), multifamily and mixed-use property financing and arranging cooperative underlying mortgages since 1989.

Its affiliate, W Financial Fund, LP is a direct private bridge lender providing short-term, special situation financing primarily for NYC multifamily and mixed-use properties since 2003.

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

Gregg Winter - President

Winter & Company

Creative Minds | Unparalleled Service ®

149 Madison Avenue, Seventh floor

New York, NY 10016

Phone: 212 532-9170

Email: gregg@winterandcompany.com

http://www.winterandcompany.com

RAF Pacifica Group Announces New Mixed-Use Development in Rapidly Growing Solana Beach, CA Submarket

Adam Robinson

SAN DIEGO, CA – RAF Pacifica Group, a San Diego-based commercial real estate investor and developer, has acquired a 40,000 square-foot land parcel formerly the site of Cedros Gardens, on which the firm plans to develop a 26,000 square-foot mixed-use project integrating high-end restaurants, ground-floor retail, office, and multifamily in the Solana Beach submarket of San Diego.

The land is fully entitled for development, and is located within the rapidly growing Cedros Design District.

Vec•tor will be situated in Carlsbad Oaks North, a 120-acre master planned corporate business park in Carlsbad where leading biopharmaceutical company IONIS Pharmaceuticals is headquartered, and other major biotech companies are located.

Development costs for this project total $30 million. Ware Malcomb has been selected as the architect for this project, and TFW Construction is the general contractor. Vec•tor will be completed in Q2 of 2018.

The Cedros Avenue project will break ground in 2017, with an estimated completion date in 2018. RAF Pacifica Group acquired the 40,000 square-foot entitled land parcel for a total consideration of $5.5 million from a private owner.

“This site is a rare find in the current market,” explains Adam Robinson, Founder & Principal of RAF Pacifica Group.  “The opportunity to acquire land that is fully entitled in the heart of such a vibrant district enables us to create a true lifestyle destination that will support Solana Beach’s ongoing revitalization and drive future economic growth, resulting in long-term value and higher quality of life for the community at large.”

Steve Leonard

The planned development will include 3,200 square feet of high-end restaurant space, 5,000 square feet of ground-floor retail, 8,000 square feet of high quality office, and eight multifamily units all within a walkable, centrally-located urban setting.

“This project exemplifies the type of high-quality, coastal mixed-use projects we are looking to build and hold long-term,” continues Robinson. 

“The demand for highly walkable communities, coupled with a trend toward urbanization, is driving the creation of fully integrated, amenity-rich environments that offer a live/work/play experience and foster a sense of community.”

Robinson notes that walkability is a key component of the economic redevelopment of densely populated cities and districts, and not only attracts residents and businesses, but also substantially increases property values.

Located in the tightly-knit coastal community of Solana Beach, RAF Pacifica Group’s project will be located on the same street as Cedros Avenue Design District, an open-air retail center featuring 85 boutique shops and restaurants. Home furnishings and design retailer West Elm plans to open its first Solana Beach store in this center, and a number of other redevelopments are underway within the Cedros Design District.

    With  Robinson and Steve Leonard at the helm, RAF Pacifica Group oversees a portfolio of 2.75 million square feet of real estate, with a niche focus in mixed-use, office and industrial product. The firm has an additional one million square feet of speculative development in the pipeline over the next 24 months, and continues to actively seek value-add investment and ground-up development opportunities in San Diego County.

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

Katie Kea / Jenn Quader

Brower, Miller & Cole

(949) 955-7940

kkea@browermillercole.com

            

Daum Commercial Closes Land Sale for New Spec Industrial Development in Oxnard, CA

Mitch Conlee

OXNARD, CA – DAUM Commercial, a leading provider of commercial real estate services, has recently directed the sale of a 3.84 acre land parcel within the McInnes Ranch Business Park in Oxnard, California.

The buyer is designing a speculative warehouse distribution building to be developed at the site, according to Mitch Conlee, an Executive Vice President at DAUM’s Ventura County office.

Conlee represented the buyer, E&E Trust, as well as the seller, a Southern California developer, in this transaction.

“The ability to market this fantastic location allowed me to provide the seller with immediate upside based on tremendous demand in this supply-constrained market, which closed 2016 at just 2.7 percent vacancy,” Conlee explained. 

“At the same time, we also brought E&E Trust a valuable development opportunity. This parcel is five minutes from the 101 Freeway in a market with low vacancy and very little state-of-the-art competition. 

“The new owner plans to develop a 52,500 square-foot distribution building with 30-foot clear height in the warehouse, dock-high loading, as well as large aprons and truck courts, to accommodate the increasing traffic driven by e-commerce. 

“The planned development will be in a strong position to meet ongoing demand for new product.”

Conlee has completed several industrial transactions in McInnes Ranch Business Park and the surrounding areas, and drew upon his deep knowledge of the market to direct this acquisition.

The land parcel is located at 500 North Elevar Street, on the corner of Elevar Street and Camino Del Sol in Oxnard.

DAUM Commercial is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients throughout the U.S.

DAUM has 10 offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.

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

           

Elisabeth Manville/Jenn Quader

Brower, Miller & Cole

(949) 955-7940

EManville@browermillercole.com

Raintree Partners Expands Rapidly; Adds Acquisitions and Operations Veterans to Bolster Growth in California

Annette Thurman

   LAGUNA NIGUEL, CA – Raintree Partners, a private commercial real estate investment company that acquires, develops and redevelops multifamily and mixed-use properties in California, has announced a recent growth milestone accompanied by an expansion of its acquisitions and operations team.

            “We have been extremely active in the market in recent months, increasing our existing portfolio by 25 percent,” explains Aaron Hancock, Managing Director of Raintree Partners.  “We now own nearly 5,000 units throughout California, and we continue to actively acquire assets that meet our investment criteria.”

            Hancock notes that Raintree’s acquisitions team has recently widened its scope to include smaller properties ranging from 25 units and larger.

            “We focused on larger assets for many years, however the market has shifted and we’re nimble enough to shift with it,” says Hancock. 

“We continue to draw upon our expertise in this multifamily niche in order to identify acquisition and development opportunities where we can create and maintain long-term value.”

            In addition to expanding its portfolio, Raintree is launching an intensive renovation program for its existing assets, with plans to implement more than $23 million in capital improvements portfolio-wide in 2017.

Ian Couwenberg

        






    “As property operators with an owner’s perspective, we recognize the opportunity to improve our assets strategically in order to grow rents, drive ongoing occupancy, and create the best resident experience possible,” explains Jason Check, Managing Director for Raintree Partners. 

            To maintain its active acquisition pace while conducting this capital improvement campaign, Raintree has added two industry veterans to its team, Ian Couwenberg as Director of Acquisitions, and Annette Thurman as Senior Director of Asset Management.

“Ian and Annette are seasoned professionals with the critical skills to continue our forward momentum while maintaining our high standards of excellence,” explains Check.

Ian Couwenberg brings a wealth of industry experience to Raintree.  Most recently serving as Vice President of Acquisitions and Dispositions for Sack Properties, Couwenberg began his career as a multifamily broker for CBRE, and has also been the Director of Investments at Equity Residential and Assistant Vice President of Acquisitions at Archstone Smith.

Annette Thurman boasts nearly two decades of experience in commercial real estate. Most recently, she served as Senior Vice President, Northwest at Alliance Residential Company, where she oversaw 82 assets consisting of nearly 20,000 units.  She also served in senior positions at Riverstone Residential and Fairfield Residential, LLC.  In her new role, Thurman will oversee Raintree’s capital improvement program and spearhead all asset management initiatives.

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

            

Elisabeth Manville/Jenn Quader

Brower, Miller & Cole

(949) 955-7940

EManville@browermillercole.com

www.raintreepartners.com.

HFF hires Hunter Barron as a director in Carolinas office

  

 

Hunter Barron

CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has hired Hunter Barron as a director focused on land investment sale transactions throughout the Carolinas and southeastern United States.

Mr. Barron joins HFF from CBRE, where he was most recently a senior associate specializing in land development opportunities and tenant representation throughout the Southeast. 

In this role, he represented companies and select developers in the acquisition and entitlement of redevelopment opportunities ranging from core urban infill sites to bulk rural acquisitions. 

Mr. Barron graduated from Clemson University and is a member of the Urban Land Institute and the Charlotte Region Commercial Board of Realtors.  He is also a licensed salesperson in North and South Carolina.

“We are thrilled with Hunter’s decision to join our team and help us expand our market-leading land sale practice in the Carolinas through his significant experience within the sector,” said Ryan Clutter, senior managing director and co-head of HFF’s Carolinas office. “His addition to the existing Carolinas land team, consisting of senior managing director Justin Good and associate Sarah Godwin, will only augment our presence in the market.”

Sarah Godwin

“Our newly expanded team now has an even wider range of expertise in assembling complex development projects, helping us to serve our clients at the highest levels,” Clutter continued.  “We are excited to continue to grow our land platform in the months and years ahead.”

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 hires Anna Stevens as an associate director in its Denver, CO office

Anna Stevens

Mark Katz

DENVER, CO  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has hired Anna Stevens as an associate director in its Denver office.  Mrs. Stevens will work alongside HFF’s Jordan Robbins and Jeff Haag to focus on multi-housing investment sales in the Rocky Mountain region.

Mrs. Stevens joins HFF from ARA where she has worked since June 2011.  She worked first as a real estate analyst in ARA’s Mid-Atlantic office in Washington, D.C. and most recently as a transaction manager for the Institutional Team at ARA Newmark Colorado.

 In this role, she was a key contributor on a six-person team responsible for $4.86 billion of multi-housing sales totaling over 28,000 units in the Denver area.  

Mrs. Stevens received her Master of Business Administration from Mason School of Business at The College of William and Mary and a dual bachelor’s degree in chemistry and music from The College of William and Mary.

 She is a frequent public speaker at NAIOP and DMCAR industry events, and prior to her graduate studies, she was Miss South Carolina.  In this role, she was a highly active public speaker, fulfilling more than 150 public speaking engagements, fundraisers and benefit appearances.  Additionally, Mrs. Stevens is a licensed Colorado real estate broker and president of the William and Mary Colorado Alumni Association.

Jordan Robbins

“Anna is a respected industry expert in the Denver commercial real estate community and we could not be happier to have her be a part of our team,” said Mark Katz, senior managing director and co-head of HFF’s Denver office.

In 2016, the Denver Multi-Housing Investment Sales team sold more than $1.023 billion of multi-housing properties totaling 4,975 units in the Denver metro area.

            

“Anna came highly recommended by a number of trusted clients for her hard work ethic, attention to detail and putting clients’ interests first,” stated Robbins.  “We are thrilled to add her as an integral part of our team as we continue to grow our market share of multifamily property sales throughout the Denver metro area.”

“I am excited to be joining Jordan Robbins and Jeff Haag on the Multi-Housing Investment Sales team in Denver,” added Stevens.  “Together, with the support of the HFF platform and culture, our goal is to expand HFF’s market share and to deepen the client-focused direction of the business.” 

  

Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. 

HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

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

Kristen M. Murphy

Director, Public Relations

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

Summit Financial Consultants Signs New Lease at Westlake Park Place Development in Westlake Village, CA

  

Westlake Park Place II, Westlake Village, CA

  

WESTLAKE VILLAGE, CA – Summit Financial Consultants, Inc. is proud to announce that due to the continuing growth of their wealth management firm they will be expanding their offices and relocating to Westlake Park Place – Phase II.

Summit Financial’s wealth management practice has been instrumental in helping their clients design and implement their personalized “Work-Optional Lifestyle” plan. 

Summit helps clients transition from being affluent to becoming wealthy.  The difference is that the affluent have to work for their money and the wealthy have their money work for them.

 “Our success is directly related to our clients’ successes. We are a boutique wealth management firm that specializes in ‘Work-Optional Lifestyle Planning,’” stated Neil Elmouchi, Chairman and CEO of Summit Financial Consultants.

Neil Elmouchi

 “We work with people who want to take control of their financial future through personalized planning that helps clarify and simplify their financial path.

“Because many of our clients could spend more of their life in retirement years than in their working years, it is critical that they have a plan for their money to last longer than they do. What our clients really appreciate is that we are not just about accumulating and preserving wealth - we are about maintaining their lifestyle.” 

 “Another reason we are thrilled about our future growth opportunities is the addition of Jeff Sorensen and the merger of his firm Sorensen Wealth Management last year. Mr. Sorensen is President and Senior Wealth Advisor at Summit and is a great resource in helping Summit expand the value we bring to our clients,” stated Mr. Elmouchi. 

“Because of the growth we have experienced, both organically and through our recent merger, and our vision of how we want to benefit our clients in the future, we have spent a great deal of time designing our new office space and are very happy about our location in the prestigious Westlake Park Place – Phase II development.

“We believe this will be an important factor in helping to keep us at the cutting edge of innovation and enhance the services and strategies available to our clients.”

Mike Foxworthy

Bob Searles of Westlake Plaza Center East – II, LLC says, “Westlake Park Place is the premier office development in the Westlake Village business district, providing ease of access and a strong corporate identity.  

Summit Financial Consultants is a fine example of the high caliber tenants attracted to the prime location, top amenities and elegant design that our property offers.”

Summit Financial Consultants, Inc. has leased 6,090 square feet at 3075 Townsgate Road, the final building to be constructed at Westlake Park Place. Occupancy is scheduled for April 1, 2017.

 Mike Foxworthy of DAUM Commercial represented Summit Financial. The landlord, Westlake Plaza Center East – II, LLC was represented by Craig Cahow and Mike Foxworthy of DAUM Commercial, the listing agents.  

“DAUM has had the pleasure of working with Bob Searles for several years, and we drew upon our strong local relationships to secure Summit Financial Consultants as a tenant for this exceptional development,” says Foxworthy. 

“The transaction reflects the current strength of the Ventura County office market, which is demonstrating solid activity levels as employment in the area steadily grows.  As jobs are added, we will see increasingly lower vacancies, driving strong competition for premier office properties in the burgeoning Westlake Village business district.”  

Westlake Park Place is the most significant and prestigious corporate headquarters development in the Conejo Valley, with unmatched visibility in the heart of the Westlake Village business district.

Westlake Park Place is the preeminent Class “A” mid-rise suburban office complex, utilizing Mediterranean style architecture surrounding a central park-like core. Each building features a state-of-the-art and energy-efficient mechanical, electrical, life safety and security system.

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

Elisabeth Manville / Jenn Quader

Brower, Miller & Cole

(949) 955-7940

emanville@browermillercole.com

NAI Realvest’s Tom Miller Earns Coveted CCIM Designation

Thomas L. Miller

ORLANDO FL– Thomas L. Miller, Director of Property Management at NAI Realvest in Orlando, has been awarded the Certified Commercial Investment Member (CCIM) designation, by the CCIM Institute.    

  The CCIM designation is one of the most widely respected professional achievements in commercial real estate.  

Miller was sworn in April 5 at the Chicago CCIM headquarters by the 2017 CCIM President Robin L. Webb, who is also NAI Realvest’s Managing Director. 

 “It gave me great pride to swear in Tom.  His accomplishment exemplifies how talent, commitment and hard work are rewarded, and valued and recognized by our company.” 

                                  

Robin L. Webb

Miller, who has been successfully engaged in commercial property and facilities management since 1995, completed all of the requirements including the Institute’s comprehensive studies and testing, and demonstrated a vast portfolio of experience.  

CCIMs must be proficient in the areas of investment analysis, market analysis, user decision analysis and financial analysis for commercial real estate.

                

Among the more than 150,000 commercial real estate professionals in the United States, only an estimated six percent hold the CCIM designation.     CCIM members are responsible for an approximate US$400 billion annually of real estate transactions globally. CCIM Institute is a commercial affiliate of the National Association of Realtors and is headquartered in Chicago, Illinois.

 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

Hold-Thyssen Lands New Tenants at Orlando’s Quorum Center and Hiawassee Plaza

  

 

N. Joelle Forster

Winter Park, FL and Orlando, FL --- Hold-Thyssen, Inc., a full service commercial real estate services firm based in Winter Park, recently negotiated three lease agreements – two new office/flex leases and a long term retail renewal – totaling 4,599 rentable square feet.

Leasing Agent Therese Taylor negotiated a new three-year lease for 1,657 square feet at Quorum Center, 4201 Vineland Rd., representing the tenant, NovaCharge, a Tampa-based provider of next-generation electric vehicle charging solutions who is expanding into the Orlando market.  Trinity Quorum Center LLC is the landlord.

The Hold-Thyssen leasing team of Martin Forster CCIM and N. Joelle Forster represented Landlord Envoy Orlando Holdings, LLC, in the lease of 1,967 square feet for 16 months at 6907 W. Colonial Drive in Hiawassee Plaza.  The new tenant is The Lane Construction Corp. charged with expansion of the East-West expressway and Hiawassee Road.  

Therese Taylor

The Forster team also negotiated a five-year renewal agreement with Arelis Salon, a Dominican hair styling salon which has been a successful long-term,  in-line retail store tenant occupying 975 square feet at 6845 W. Colonial Drive in the Hiawassee Plaza

Hold-Thyssen provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

 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

Ted Holler Joins Franklin Street as Insurance Director

Ted Holler

ATLANTA, GA — Franklin Street has added risk management and commercial property & casualty insurance veteran Ted Holler as Director of Insurance Services to focus on commercial real estate portfolios in the Carolinas and across the Southeast.

Holler has been working in the insurance and risk management brokerage industry since 2003, bringing expertise in all commercial product types, including complex property placements for high-value portfolios.

He uses his technical skills and years of experience to assist clients with coverage analysis, risk management strategies, compliance, and negotiating the best-possible coverage and pricing to improve the value of their investments by reducing his clients’ total cost of risk.

 “Franklin Street is one of very few firms in commercial real estate to have insurance as part of its service portfolio,” said Tom Kersting, President of Franklin Street Insurance Services. “Adding Ted is just another step to improve Franklin Street’s full-service insurance offerings, and we’re confident our clients will benefit greatly from his expertise.”

Franklin Street Insurance Services focuses on insuring commercial real estate nationwide, by brokering insurance products for private and institutional owners and managers of most commercial property types.

Tom Kersting

The team also specializes in supporting the acquisition efforts of active buyers and offers actionable risk management and claims advisory services.

 Franklin Street has brokered insurance on commercial property with a total insurable value (TIV) of $10 billion and built an impressive portfolio of more than 275,000 units of multifamily property in less than a decade.

 Franklin Street represents a diverse roster of clients from small operators that own a single asset to major corporations with more than $1 billion in TIV.

 “Our insurance services are comprehensive and we have more experience in the multifamily space than any other firm.  Further, by leveraging our unique platform, knowledge, and niche focus, we are ideally positioned to serve owners and managers of all commercial asset types,” Holler said. 

“We’re able to help clients assess their needs, protect their investments by securing the right coverage, and improve their net operating income through reduced costs.  All of this is achieved in a manner that allows our clients to remain focused on their primary goals and objectives.”

“(Franklin Street) has saved us money, they’ve saved us time. They are good partners,” said Zachery Oseland, Compliance Director for Avesta Communities, which manages 11,000 apartment units in Florida and Texas.

Holler began his career as a middle market agent at Liberty Mutual Insurance Group, later serving as area Assistant Vice President of Arthur J. Gallagher & Co. (AJG) when AJG acquired Liberty Mutual’s middle market book of business. Holler earned a bachelor’s degree in biology from Troy University and a master’s degree in business administration from the University of South Florida. He currently holds the professional designation of Accredited Adviser in Insurance (AAI).

  

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

gtanner@thewilbertgroup.com

 www.FranklinSt.com.

HFF secures $50 million financing for oceanfront residential development in Kiawah Island, SC

  

Kiawah Island, SC

  

Vicky Schiff

LOS ANGELES, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $50 million in financing for the development of Timbers Kiawah – Ocean Club & Residences, a private oceanfront residence club on Kiawah Island in South Carolina.

Ethan Penner

HFF worked exclusively on behalf of the borrower to secure construction financing from Mosaic Real Estate Credit, LLC, a firm co-founded by industry veterans Ethan Penner and Vicky Schiff.

Timbers Kiawah – Ocean Club & Residences, due for completion in summer 2018, will consist of a total of 21 fractional-ownership residences across three residential buildings, each with six ocean residences on the first three levels and an expansive fourth-floor ocean penthouse.

 As one of the few remaining oceanfront parcels on the island, the 3.5-acre development site is ideally situated at the end of Beachwalker Drive and Duneside Road on the most southwestern end of the 10-mile, crescent-shaped Kiawah Island Beach. 

The location offers convenient access to downtown Charleston and nearby shopping and dining amenities located at Freshfields Village, as well as 123 acres of parks, hiking and biking trails, 24 tennis courts and five world-class golf courses.

Paul Brindley

Units will provide access to a wide range of luxury amenities, including a spacious clubhouse with a central lounge area, owner services team, valet, bar and temperature-controlled owners’ wine wall, state-of-the-art fitness facility and children’s playroom.

  A private, ocean-front beach club will offer owners a luxurious swimming pool with terraced bar and grill that is steps from the beach.  

Owners at Timbers Kiawah will be members of the Timbers Collection, offering a host of perks and privileges from some of the most recognized travel and lifestyle partners around the world, as well as the opportunity to trade vacation time with other owners through the Timbers Reciprocity Program and experience destinations throughout the portfolio.

The HFF debt placement team representing the developer was led by senior managing director Paul Brindley, director Cory Fowler and associate director Brad Greenway.

For more info on Timber Resorts, please visit www.timbersresorts.com,

 www.facebook.com/timbersresorts, www.twitter.com/timbersresorts and www.pinterest.com/timbersresorts.

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

Anantara Vilamoura Algarve Resort Launches in Portugal Bringing Authentic Luxury to Europe

Anantara Hotels, Resorts & Spas, Portugal

 

Chef Bruno Viegas

 ANANTARA VILAMOURA, PORTUGAL, April 12, 2017 -- Making its debut into Europe, Anantara Hotels, Resorts & Spas brings its authentic luxury to southern Portugal’s picturesque Algarve coast with the launch of Anantara Vilamoura Algarve Resort.

Nestled amongst orange grove trees and undulating wetlands, the resort brings to life Anantara’s ethos of connecting modern travellers with authentic destinations and ensures the brand’s signature Thai hospitality is paired with indigenous style and flavour.

Just a 15-minute drive from Faro International Airport, Anantara Vilamoura is located close to the ocean, marinas and beaches of the Algarve and boasts stunning views of the Arnold Palmer- designed Oceânico Golf Course.

Culinary excellence is at the heart of the Portuguese culture. Using his deep expertise in Portugal’s culinary traditions, Executive Chef Bruno Viegas has woven his passion throughout Anantara Vilamoura’s six bars and restaurants.

A new wine oriented restaurant concept comes to life at EMO, where Bruno and the resort’s Wine Guru António Lopes have masterfully created a menu that reflects the terroir heritage of the region.

 Focusing on Portuguese grape varieties and local produce, the duo elegantly pair dishes such as Braised Turbot, Salt Cod Loins and Pata Negra Ham with a selection of over 300 accompanying wines from the region, allowing diners to truly savour the tastes of the country.

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

Hwee Peng Yeo

Vice President

Glodow Nead Communications

hweepeng@glodownead.com

 www.GlodowNead.com

29th Street Capital Acquires 12th Bay Area Multifamily Property

Panoramic Apartments, San Leandro, CA

Casey Davis

San Leandro, CA – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Panoramic and Miramar Apartments in San Leandro, California.

The 79-unit community consists of two neighboring properties - Panoramic and Miramar - that sit side-by-side on Miramar Avenue and operate as one entity. It offers one- and two-bedroom units and is located immediately north of Hayward, where 29SC currently owns and operates five other multifamily communities.

29SC plans to strategically invest $2.3 million in capital improvements. Interior upgrades will focus on kitchens, bathrooms, energy-efficient windows and flooring. Exterior improvements will include structural repairs to walkways and railings, plus upgrades to the landscape, parking area and pool.

“We are thrilled to continue to grow in the East Bay and its surrounding submarkets,” said Casey Davis, 29th Street Capital’s Vice President of Acquisitions for Northern California. “This community presents a unique opportunity to demonstrate our value-add capabilities in a very attractive submarket with positive economic fundamentals.”

The East Bay and its neighboring submarkets have experienced significant economic and employment growth in recent years, which has resulted in a very tight rental market as housing demand continues to outpace new supply. As rents continue to rise in San Francisco, Oakland and Silicon Valley, San Leandro offers a more affordable option for workers and families.

“San Leandro is a great alternative to the nearby major cities,” Davis added. “The community has convenient access to a variety of transportation options as well as a strong base of employment opportunities.”

The transaction closed Apr. 10. The sale price was not disclosed.

29th Street Capital acquired 15 multifamily assets over the past 12 months and continues to actively pursue additional opportunities throughout the U.S. The firm will continue to target strategic value-add deals that are below the institutional radar, with the intention of offering its investors above-market returns.

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

Terri Thornton

Partner, Thornton Communications

Phone: 404-932-4347

Email: Terri@TerriThornton.com

 Website: www.TerriThornton.com

www.29thstreetcapital.com.