Goldrich Kest Purchases Prime Apartment Building in West Hollywood, CA for $23.65 Million

Carole Glodney

          CULVER CITY, CA -- Culver City-based Goldrich Kest, one of California’s finest and most successful real estate builders and property managers for six decades, has acquired Infinity West, a 43-unit garden-style apartment building in West Hollywood for $23.65 million. 

 Infinity West is situated near the intersection of Sunset Blvd and La Brea Ave with a walkability score of 89 so most errands can be accomplished on foot with easy access to restaurants, retail stores and parks. 

          According to Goldrich Kest President Carole Glodney, more than $500,000 will be invested into the property that was built in 2012.  It offers studio, one- and two-bedrooms units that include amenities such as a fitness center, conference room and secured parking.

Infinity West Apartments, Culver City, CA

         “West Hollywood is one of Southern California’s most desirable and trendy communities known for its high-energy nightlife, eclectic dining scene, comedy clubs and live music venues live,” said Glodney. “Infinity West is a welcome new addition to the Goldrich Kest portfolio.”

Blake Rogers

         Goldrich Kest purchased Infinity West from Bolour Associates, builders of the property.  HFF’s Managing Director Blake Rogers represented the seller.

         The company was founded by Jona Goldrich and Sol Kest, both Holocaust survivors who have since passed.  They launched their company in 1957 with $200 in their pockets and parlayed that into an extensive portfolio of residential, commercial, industrial, and retail space. 

Among their projects are 120 apartment buildings with 13,188 units, 5 marinas with 2,139 slips, 24 senior living facilities with 4,248 beds, and more than 11 million square feet of commercial space.  Seventy of their apartment buildings accommodate low-income families and Goldrich Kest offers free after-school and summer programs to keep its young residents engaged and eager to learn. 

Jona Goldrich

        Goldrich Kest were innovators in their field having been major proponents of condominiums during their infancy in the 1960’s and building senior living facilities starting in 1965. By 1968, the company was a pioneer developer in Marina Del Rey where they built one of the first luxury apartment/marina complexes in what was previously considered swampland.

        In 1970, they entered the Northern California market by unveiling San Jose Gardens Apartments and the next year extended their footprint to San Diego with the opening of Genesee Park Apartments.

Sol Kest

Throughout the 1970s and 1980s construction boom, Goldrich Kest continued adding government-assisted housing to its portfolio and rapidly became one of California’s largest developers of government-assisted apartments. In the 1980s, the company expanded outside of California for the first time.

For more information about the company, visit goldrichkest.com

For more information, please contact:

Olivia Hennessey Public Relations Specialist 9 Greenway Plaza Suite 700 Houston ,  TX  77046 T: 713-852-3403 ohennessey@hfflp.com |@|*

Antonio Hachem Joins George Smith Partners as Los Angeles-based Firm Continues Rapid Expansion

Antonio Hachem

LOS ANGELES, CA  (April 19, 2018) - George Smith Partners, one of the nation’s leading commercial real estate capital markets advisors, has announced the continuation of its growth strategy with the addition of Antonio Hachem as Principal.

Joining the firm’s seven other Principals, Hachem brings more than a decade of specialized capital markets expertise and a wealth of deep client relationships to George Smith Partners.

Jonathan Lee

“Adding Antonio to the team is the perfect next step in our expansion,” says Jonathan Lee, Principal/Managing Director of George Smith Partners. “In addition to his experience in structured finance, Antonio has deep relationships with a number of life insurance companies who look forward to working with him at GSP.

"Antonio has built his reputation by completing several very high profile structured finance deals with his life insurance company relationship lenders.”

  Steve Bram, a Principal and Co-Founder of George Smith Partners, notes that Antonio’s unique skill set will strengthen the firm’s collaborative results.

Steve Bram

“George Smith Partners boasts a unique structure of collaboration that contributes to the success of the individual brokers and the firm as a whole,” Bram states.

The firm’s now-eight Principals include three Co-Founders - Steve Bram, Gary M. Tenzer, and Gary E. Mozer - who worked closely with the firm’s founder, George Smith, prior to his death in 2005 and  Principals Jonathan Lee,Shahin Yazdi, Malcolm Davies, Bryan Shaffer, and now Antonio Hachem.

“By bringing in younger principals among our team of Principals, we’ve created a true powerhouse that is poised to continue to grow while providing combined knowledge for our Clients at every level,” says Bram.

Gary M. Tenzer

Hachem agrees, noting, “The opportunity to join a firm with such a stellar reputation, strong performance, stability and growth  made this decision an easy one for me.”

Hachem was previously a partner with Pacific Southwest Realty Services (PSRS), where he arranged more than $450 million in financing through his life insurance company relationships. As a specialist in complex transactions, his expertise is well-aligned with the George Smith Partners team, which has secured more than $44 billion in financing on behalf of its clients to date.

Prior to PSRS, Hachem was a broker associate with Coldwell Banker’s commercial and investment division in West LA, where he honed his creative approach to investment properties. By working as an investment sales broker, a syndicator, and a developer, Hachem has the multi-faceted experience to be a successful leader at GSP

For more information, please contact:

Kat Castagnoli/Jenn Quader

Brower Group

(949) 955-7940

kcastagnoli@brower-group.com

www.GSPartners.com.

Native Realty Continues Growth with Two Key Additions; Sara Dorfman and Amanda Roy bring diverse experience to Fort Lauderdale commercial real estate firm

Amanda Roy

FORT LAUDERDALE, FL –– Native Realty, the pioneering Fort Lauderdale commercial real estate firm led by Jaime Sturgis, has announced the additions of real estate agents Sara Dorfman and Amanda Roy. The agents bring experience in numerous commercial real estate sectors to the firm.

Dorfman specializes in multifamily, vacant land and office leasing. Roy focuses on investment sales and leasing industrial and retail assets. Both are based in Native Realty’s Flagler Village headquarters.

Sara Dorfman

“I am thrilled to have Sara and Amanda join our growing team,” said Sturgis. “Both agents are aggressive, dedicated and extremely savvy when it comes to marketing. We continue to look for opportunities to add talented and dynamic agents who share our passion for curating emerging neighborhoods in Fort Lauderdale and throughout South Florida.”

Dorfman has four years of experience as a licensed real estate agent in Florida and 10 years of real estate experience at a family-owned business in New Jersey. She most recently worked at Coldwell Banker’s Las Olas office. Dorfman’s industry affiliations include the Miami Association of Realtors and National Association of Realtors.

Jaime Sturgis

Among Dorfman’s current listings are a triplex rental property available for sale at 1548 SW 23rd Court and an office/retail building available for lease at 621 S. Federal Highway and in Fort Lauderdale. She is also a leasing representative at Ceiba Groupe’s brand-new ID Flagler Village townhouse rental building at 113 NE Sixth St.

A Fort Lauderdale native, Roy is marketing a prime retail property at 412-416 N. Andrews Ave., across from the new All Aboard Florida station and F.A.T. Village, and the Oakland Center property at 1100 W. Oakland Park Blvd. in Wilton Manors. Both properties are available for lease.

In February, Native Realty announced the hiring of 40-year industry veteran R. Bruce “Buzz” Smith to focus on investment sales and work with corporations on relocation opportunities.

Native Realty is headquartered in Flagler Village’s the Hive – a popular complex with retail, restaurants, offices, a vintage arcade bar and yoga studio.

Bruce "Buzz" Smith

Founded in 2017 by pioneering Fort Lauderdale-based commercial real estate broker Jaime Sturgis, Native Realty specializes in leasing and investment sales in the urban core and emerging markets in South Florida.

The company’s brokers bring more than 55 years of real estate experience to the region’s market, working with all types of clients from Fortune 500 companies to small businesses.

Notable clients have included Coca-Cola, Integra Realty Resources, U.S.A. Parking and many more. Native Realty is headquartered in the heart of Fort Lauderdale’s Flagler Village at 908 N. Flagler Drive.

For more information, please contact:

Eric Kalis

Account Director, BoardroomPR

ekalis@boardroompr.com

O 954-370-8999

C 305-794-5123

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

www.nativere.com. 

           

NAI Realvest Hires Seasoned Commercial Real Estate Professional Tony Nandwani

Tony Nandwani

ORLANDO, FL --- NAI Realvest, one of central Florida’s largest commercial real estate services companies, named Tony Nandwani Investment Advisor.

Robin Webb

Robin Webb, managing director at NAI Realvest, said Nandwani has more than 15 years of commercial real estate experience specializing in all aspects of development, construction, and asset disposition in the Orlando area where he has resided over 30 years.   

Webb said Nandwani, a member of the National Association of Real Estate Investment Trusts) (NAREIT), will focus on multi-family and healthcare facilities development at NAI Realvest.   

  

For more information, please contact:

           

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

Proper Title Adds Kimberly Wetzel as Senior Sales Representative

Kimberly Wetzel

                                                                  CHICAGO, IL – Palatine, Ill.-based Proper Title, LLC, a full-service title insurance agency serving the residential and commercial real estate industries, announced it has hired Kimberly Wetzel as a senior sales representative.

“Attorneys who have worked with Kim rely on her detail-oriented approach to all transactions and her tenacity with addressing unique situations that arise during the closing process,” said David Garside, executive vice president of title and escrow operations at Proper Title.

“Our primary goal is to provide outstanding customer service and peace of mind with every transaction, and we value Kim’s ability to form the kind of client relationships that reflect this.”

Wetzel has more than 10 years of experience in the title industry, and she has worked with a variety of clients in the Chicago area. At Proper Title, she will focus on clients located in the western suburbs. A graduate of Arizona State University, Wetzel resides in the northwest suburbs with her family.

“The expertise, efficiency and level of customer service Proper Title provides totally aligns with the way I like to work with clients, so it was a perfect fit,” said Wetzel. “I look forward to working alongside some of the best talent in the title industry.”

David Garside

Launched with just 27 employees in 2013, Proper Title has doubled its size and increased its transaction volume every year to become a major player in the title insurance business. 

It recently earned the 2017 Award for Excellence from Fidelity National Title Group, Inc., a member of the Fidelity National Financial (NYSE: FNF) family of companies and the nation’s largest group of title companies and title insurance underwriters. The award is given for meeting and exceeding specific title underwriting and settlement services criteria.

For more information, please contact:

Traci Failla, tfailla@taylorjohnson.com, (312) 267-4516

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

wwwpropertitle.com.

NAI Realvest Names Tai Lee New Sales and Leasing Associate

Tai Lee

ORLANDO, FL --- NAI Realvest, one of central Florida’s largest commercial real estate services companies, has named Tai Lee Sales and Leasing Associate.

Robin Webb, managing director at NAI Realvest, said Lee has 11 years of experience including five years in brokerage and six in multifamily property management.  He is a graduate of Ohio State University with a Bachelor’s Degree in Consumer Science.

At NAI Realvest Lee specializes in the leasing and sales of office and industrial properties along with vacant land sales.

For more information, please contact:

           

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

HFF announces sale and financing of Lonza Viral Therapy Facility in Pearland, TX

Lonza Viral Therapy Facility, Pearland, TX

HOUSTON, TX –– HFF announces the sale and acquisition financing of the Lonza Viral Therapy Facility, a, 276,770-square-foot biotechnology facility in Pearland, Texas.

Jeff Hollinden

The HFF team represented the seller, Pinchal & Co, and procured the buyer, Zeller Realty Group (ZRG).  Additionally, HFF worked on behalf of ZRG to secure the fixed-rate acquisition loan through Bank of Texas.   

Completed in the fourth quarter 2017, the Lonza Viral Therapy Facility is fully-leased on a long-term, triple net basis to Lonza America, Inc., a wholly owned subsidiary of Lonza Group AG, a leading Swiss biotechnology and pharmaceutical company. 

The property is touted as the world’s largest cell and gene therapy facility housing office space, a process development unit, quality control laboratories, a fully segregated fill/finish suite and independent modular cleanrooms designed to manufacture cell therapy products. 

The facility is situated on 11.01 acres at 14905 Kirby Drive in Pearland’s rapidly growing Lower Kirby Urban District.  The Lower Kirby Urban District is a 1,200-acre site that seeks to become a primary life science destination building upon its location at the intersection of Beltway 8 and State Highway 288, just eight miles south of the Texas Medical Center, the largest medical district in the world.

Cameron Cureton

HFF’s investment advisory and debt placement teams included senior managing director Jeff Hollinden and senior director Cameron Cureton.

Holliday GP Corp. (“HFF”) is a Texas licensed real estate broker.

 For more information, please contact:

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

 www. zellerrealty.com.

HFF announces $23.51M sale of Preston Ridge I in Alpharetta, GA

Preston Ridge 1, Alpharetta, GA

  

ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $23.51 million sale of Preston Ridge I, a 148,355-square-foot, Class A suburban office building in the Atlanta-area community of Alpharetta, Georgia.

The HFF team marketed the property on behalf of the seller, Barings Real Estate, part of Barings LLC, on behalf of an institutional investor, and procured the buyer, The Simpson Organization. 

Pam Bonham

“Investors are attracted to the strong recovery occurring in the Alpharetta office submarket,” said Pam Boneham, Regional Director-Central Region, Barings.  “HFF produced an attractive list of potential buyers while achieving robust pricing for this asset, which was one of the final properties being sold in a closed end fund.”

Preston Ridge I is located at 3655 North Point Parkway in Atlanta’s North Fulton submarket.  This location is just east of Georgia 400 and within a mile of Avalon, a mixed-use development providing an abundant amenity base, including retail, restaurants and a movie theater.  

Ralph Smalley

The six-story building was developed in 1997 and features 25,000-square-foot floorplates, a circular entrance lobby and parking for more than 590 vehicles. 

The HFF investment advisory team representing the seller consisted of managing director Ralph Smalley.

 For more information, please contact:

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com