OTL AND CENTERCAL PROPERTIES ANNOUNCE CONSTRUCTION OF REVOLUTIONARY SHOW FOUNTAIN AT 85-ACRE LIFESTYLE DEVELOPMENT IN RIVERTON, UT

 

Rendering of Mountain View Village,
a planned 85-acre lifestyle development
in Riverton, UT
(Photo courtesy CenterCal Propertes)

Riverton, UT – Outside the Lines (OTL), a design-build construction company that specializes in creating one-of-a-kind water features, fountains, rockwork and themed environments, and CenterCal Properties, LLC, an industry-leading private retail development company, have announced the construction of a revolutionary new show fountain at the second phase of Mountain View Village, an 85-acre lifestyle development in Riverton, Utah.

Mountain View Village is located at 4500 West 13400 South in Riverton, Utah.

 The fountain, designed and constructed by OTL, will utilize a new approach with state-of-the-art technology to produce a spectacular choreographic water and light show, according to Chris Roy, director of creative design for OTL.

Rendering of planned Mountain View Village, Phase 2
(Photo courtesy CenterCal Properties)

 “As an amenities provider with deep expertise in customizing each project to help our clients create a unique sense of place, OTL is working with the design team at Architects Orange (AO) to deliver a water feature that is distinctly inspired by Mountain View Village’s iconic location,” says Roy.

 “The fountain will counterbalance architectural and natural elements, combining natural stone representing Utah’s beautiful mountains with modern geometric forms illustrating the project’s investment in the future.

Chris Roy

 OTL is always working to improve on show fountain technology, and the concept we’ll be installing at Mountain View Village is special in that it multiplies the water’s choreographic effects in a completely new way.

The result will definitely stand out as having a completely different look compared to existing show fountains.”

 The fountain will also feature energy-efficient LED color-changing lighting and musical shows to entertain and attract visitors to the center, Roy adds.

 “The food hall and dining courtyard with a circular fireplace above the fountain, combined with a large-scale LED screen and special effects of the water feature, integrate activity across the entire site,” Roy notes.

 Mountain View Village Phase I features a Harmons Grocery Store and Fuel Stop and more than 35 retailers, businesses and dining options.

Fred Bruning

  In July 2018, OTL delivered a fountain for Phase I featuring a 13-foot bronze American eagle sculpture conceived by Fred Bruning, chairman and founder of CenterCal Properties, and nationally renowned Northern California native artist, Brian Keith.

 The sculpture, which pays homage to the men and women serving in Riverton’s fire department, police department, and local National Guard, serves as the centerpiece for the Phase I plaza, according to Bruning.

“Our expertise is in developing privately owned public spaces (POPS), and our focus is on creating amazing places that integrate into the community and generate a buzz for the tenants within.

                        Brian Keith

"The water feature OTL is delivering will serve as a unique focal point and gathering space for the many guests who are drawn to this magnificent center.”

 In addition to the new show fountain, the second phase will feature five pocket parks with distinctive amenities; a covered market hall-style pavilion with a series of eateries and indoor and outdoor seating; a 14-screen Cinemark movie theater complex; and retail, restaurant, and commercial spaces.

Completion of the second phase is slated for May 2022.

 

Contacts:

Katie Haga / Alex Caswell

Brower Group

(949) 438-6262

khaga@brower-group.com

 

www.centercal.com.               

 www.otl-inc.com.

 

Comunidad Partners Pioneers Virtual Healthcare at its Multifamily Communities

Antonio Marquez

 Austin, TX, March 1, 2021 — Comunidad Partners, a minority and women-owned real estate investment firm specializing in workforce / affordable housing in culturally diverse neighborhoods, has become one of the first apartment owners in the U.S. to roll out free virtual healthcare services to its residents.

 “There is an urgent need for immediate access to healthcare, especially in the current environment and with our residents who are the most vulnerable and at-risk,” explains Antonio Marquez, Managing Partner at Comunidad Partners.

 “We view this amenity as an essential service to our workforce residents where many of them have lost health insurance during the pandemic or are underinsured.

 

"Plus, housing plays a pivotal role in health outcomes for residents and our responsibility is to ensure we provide resources to residents that can support their resiliency and help them look after their families’ health & well-being.” 

 Comunidad Partners partnered with Veritas Impact Partners, a nonprofit service provider for cost-burdened apartment residents to pioneer a new virtual healthcare program for multifamily communities that leverages a large-scale telehealth contract with a Fortune 500 healthcare provider.

 According to Marquez, this is the first time that individuals and families can access free telehealth services at scale through an owner-operator. These types of health services are typically only offered through employer insurance providers.

 

“Our core focus is on workforce housing communities in underserved markets across the U.S., which includes many minority communities,” says Marquez, who is a second generation Mexican-American and whose father immigrated to the U.S. in the 1970s.

 “Many minority communities have been disproportionately impacted by COVID-19, among a variety of other health related issues.

 "This often stems from a larger systemic issue regarding a lack of investment in these communities, often creating environments like food deserts where there is no access to healthy foods, quality jobs that provide access to healthcare and top medical facilities, among others.

In fact, minority communities tend to be the most underserved and underinsured in the U.S., which is why services like this are crucially important to address a critical need in this country and creating health equity.”

 The partnership with Veritas and these new telehealth offerings is an extension of Comunidad’s larger focus on social impact, through which the firm actively addresses key issues that impact residents’ daily lives.

  In addition to its focus on workforce and affordable housing, Comunidad offers a variety of programs and services within its communities that improve opportunity and positive outcomes for residents, including equity / jobs programs, health and wellness programs, immigration assistance, and after-school programs, among many others.

 “Unlike many commercial real estate investors who believe that the physical property is the investment, we believe in the power of investing in the people who live in our communities,” explains Marquez.

 

 CONTACT:

 

Katie Haga

Brower Group

(949) 438-6262

khaga@brower-group.com

 www.veritasimpact.org

University of Florida Warrington College of Business Announces New Student Scholarship on Real Estate Studies

 

John Crossman (left) and Kelly A. Bergstrom

GAINESVILLE, FL and WINTER PARK, FL – The University of Florida Warrington College of Business is proud to announce a new scholarship for students who attended Florida A&M University (FAMU) or other Historically Black Colleges or Universities (HBCU) and are interested in studying real estate.

 

The Bergstrom-Crossman Real Estate Scholarship will be awarded annually through the Kelley A. Bergstrom Real Estate Center to support students qualified for the Nathan S. Collier Master of Science in Real Estate (MSRE) program with undergraduate degrees from Florida A&M University or another HBCU.

The University of Florida Warrington College of Business

            

The scholarship will cover all costs of attendance, including tuition, fees, books and supplies, a computer, a room and board stipend and a professional development supplement.

 

The Bergstrom-Crossman Real Estate Scholarship aims to address the lack of diversity in the real estate industry in addition to making a real estate education more equitable and accessible to exceptional students.

 

                             

Timothy Stewart Becker

 This scholarship is available thanks to the efforts of John Crossman, Founder of Winter Park-based Crossman Career Builders and UF Real Estate Advisory Board Member, in partnership with Kelley Bergstrom, namesake of the Center and longtime Chairman’s Circle member of the Bergstrom Center.

 

Crossman and Bergstrom have long been passionate about supporting real estate programs at HBCUs and are excited to expand opportunities for students interested in studying at the University of Florida .

 

“The partnership of FAMU, UF and Kelley Bergstrom is an outstanding example of leaders providing actionable steps with measurable results to deal with systemic issues,” Crossman said.

 

 

    

Larry Robinson

Larry Robinson

Bergstrom added, “This is an example of Florida ’s two Land Grant Universities, Florida A&M University and the University of Florida , joining together to increase talented professionals in the real estate industry.”

 

Like Bergstrom and Crossman, the Warrington College of Business is committed to increasing and expanding the pool of talented professionals in the real estate industry by supporting opportunities for students in the MSRE program across all aspects of diversity, including ethnicity, gender, race, socioeconomic status, professional experience, geography, class and other characteristics.

Nathan S. Collier

 “Increasing the diversity of the real estate industry is critical to its future,” said Tim Becker, Executive Director of the Kelley A. Bergstrom Real Estate Center.

 

“Partnering with FAMU on this scholarship is a first step in providing more opportunity for a diverse group of students to access a career in real estate.

 

"Through the leadership of Kelley and John, the Bergstrom Center and the No. 1 ranked Collier MSRE program will strive to continue providing exceptional, diverse talent to the real estate industry.”

Florida Agricultural and Mechanical University Gainesville, FL

 

 Florida A&M University is equally as proud to offer this opportunity to students who are interested in pursuing a career in real estate after their time at the highest-ranking public HBCU in the nation.

 

“We are honored to partner with our good friend, John Crossman and Kelley Bergstrom along with the University of Florida in providing this outstanding resource to our students,” said Larry Robinson, Ph.D., President of Florida A&M University.

 

“John Crossman is a long-term member of our Foundation Board of Directors and is constantly pursuing opportunities such as this to support this institution.”

 

Please learn more about the Bergstrom-Crossman Real Estate Scholarship and pursuing a real estate education through the MSRE program.

 

  

CONTACTS:

 

 Allison Alsup, Warrington College of Business

  (352) 273-3239; allison.alsup@warrington.ufl.edu

                                                                                                                      

John Crossman, CCIM, CRX, President, Crossman Career Builders, 407-341-3895 or Jcrossman@crossmancb.com                                                                    

 

Beth Payan

Larry Vershel Communications Inc

2433 Lee Road

Winter Park, FL 32789

407-644 4142 (main)

407-461 3781 (cell)

 

  

DAUM Commercial arranges 173,940-SF, $12 million industrial warehouse lease in Tolleson, AZ

 

               173,940-SF industrial warehouse, Tolleson, AZ

 

TOLLESON, AZ – DAUM Commercial Real Estate Services has successfully arranged the lease of a newly constructed 173,940 square-foot industrial warehouse in the greater Phoenix submarket of Tolleson, Arizona on behalf of the lessor, Hopewell Development, a commercial development company based out of Canada. The total consideration of the lease is $12 million.

Chris Rogers

The building was leased within two months of completion, according to DAUM Executive Vice President Chris Rogers, who completed the deal alongside Executive Vice President Trevor McKendry and Associates Dan Casey and Parker Houston.

“DAUM initially sold the unoccupied land site to Hopewell Development in June 2019 in an off-market transaction,” says Rogers. “In partnership with Sunstate Builders, the firm strategically delivered a state-of-the-art distribution facility that met current trends. 

Based on our deep knowledge of market demand and established relationships, we were able to rapidly secure a long-term lease to a strong credit tenant for our Client.”

Trevor McKendry

According to McKendry, the building is fully leased to Republic National Distributing Company, a national distribution company who was looking to expand its presence and distribution capabilities within the Arizona market.

“The greater Phoenix market continues to draw an influx of distribution users based on its close proximity to growing population hubs and ease of access throughout the Southwest region,” says McKendry, who notes that Q4 was the best quarter on record for industrial net absorption.

 “The lessee, who already had one location in Phoenix, was attracted to this Tolleson location, situated just 10 miles outside of Downtown Phoenix and offering immediate access to Interstate 10.”

Parker Houston

The facility has several competitive features ideally suited to today’s distribution needs, including 28 dock-high loading doors, four grade level doors, 32’ clear height, a fenced and gated concrete truck court with 130’ depth, 3,600 amps, an ESFR sprinkler system, R-19 insulation, and LED lighting.

The building is located at 320 S. 91^st Avenue in Tolleson, Arizona. Andy Markham, Will Strong, Mike & Phil Haenel at Cushman and Wakefield represented the tenant in the lease transaction.

CONTACT:

Katie Haga ·  Associate Account Executive 
O 949 438 6262 

Brower Group, Inc. 
The Smart Agency^® for Smart Clients who want Smart Work 
220 Newport Center Drive, Suite 22 · Newport Beach, CA 

Email · Website · Facebook · Twitter · Instagram

 www.daumcommercial.com. 

Sinatra's Former Rat Pack Home in Nevada Desert for Sale at $4.25 Million

 

Sinatra's Former Rat Pack Home in Nevada Desert, Villa Maggio,
built in the late 1960s and named after his 1954 Academy-Award-winning
role as Private Angelo Maggio in From Here to Eternity

 

Frank Sinatra

PALM DESERT, NV -- What a wild time it was! In the 1960s, Frank Sinatra’s Rat Pack friends were setting Las Vegas on fire with their hugely popular shows.

Sinatra, much like Elvis Presley and Tom Jones, was one of those rare entertainers who made women swoon and throw their unmentionables on the stage.

Their somewhat slapstick stage performances looked easy and effortless but took a lot out of Sinatra.

 His solution was to create a hideaway a few hours from Las Vegas on a pinnacle of land above Palm Desert, California where he could chill out in peace.

Sammy Davis Jr.

Frank Sinatra's former home, Villa Maggio, is now on the market, priced at $4.25 million, notes TopTenRealEstateDeals.com.

Dean Martin

Sinatra’s lifestyle was a bit on the wild side as he ran with his Rat Pack of friends: Sammy Davis, Jr., Dean Martin, Peter Lawford and Joey Bishop.

Peter Lawford

Always in the press, Sinatra’s every move, whether good, bad or controversial, was always on display to the public.

Joey Bishop

But nothing would deter his fans. They bought his albums, watched him on television and saw all his films when he became an award-winning actor.

After he died in 1998 at age 82, there was a buying frenzy of his albums in music stores everywhere. Some have tried to copy his style, but none have achieved his unique sound.

Kim Kardashian 

With his huge popularity, or maybe because of it, Sinatra experienced bouts of depression where he kept to himself.

Bella Hadid

 

Villa Maggio, built in the late 1960s and named after his 1954 Academy-Award-winning role as Private Angelo Maggio in From Here to Eternity, was his place of choice to lay back and get a grip.

 

By the time the dark mood passed, he’d call up his Rat Pack buddies and have them over where they all could unwind out of the public eye.

Katy Perry

 Villa Maggio’s 10-acre compound of three buildings is perched on a craggy hilltop surrounded by boulders and exquisite views.

Built in a rustic style with calming warm woods, local stone, and seven stone fireplaces in the main house, it has two kitchens, dining and living rooms, a den, five bedrooms, six bathrooms, and a deck overlooking the view.

 Gigi 

The attached guest quarters and a detached guest house, where Sinatra always provided his visitors with first-class accommodations, have four more bedrooms and a kitchen.

Leonardo DiCaprio

The pool house has a great room with a stone fireplace, two bathrooms, two saunas and a mini-kitchen with views over the pool and tennis court.

There is also a generator, water tower and well. A private helipad allows guests to fly in and out, and there is parking for 25 cars.

Selena Gomez

Known to be a celebrity stomping ground where the stars have escaped the rigors of Hollywood for decades, Palm Desert is also the home of the famous annual Coachella music festival.

Cristie St. James

From the golden age of Hollywood, to the Rat Pack era, to today, Palm Springs/Palm Desert is a favorite getaway for celebrities. Some visit, and some buy homes such as Kim Kardashian and Leonardo DiCaprio. 

On any lucky day, visitors might be rubbing elbows with Katy Perry,The Weeknd, Gigi and Bella Hadid or Kendall Jenner when frequenting The Shops on El Paseo or dining at one of the many eateries.

Listing agents are Cristie St. James and Markus Canter of Berkshire Hathaway, Beverly Hills.

CONTACT:

Genelle C. Brown

Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  336-459-3728
Twitter:  @toptenrealestat
facebook.com/toptenrealestat 

 

Photo credits: Hilton & Hyland and  Juwan Li
Source:  TopTenRealEstateDeals.com

LCOR refinances Altaire apartments in Arlington, VA for $135 million

 

Altaire apartments, 400 Army Navy Drive,
Crystal City neighborhood, Arlington, VA

WASHINGTON DC– JLL Capital Markets announced it has arranged $135 million refinancing for the 451-unit Altaire apartments in Arlington, Virginia.

 JLL worked on behalf of the borrower, LCOR, to secure the five-year, floating-rate loan to take-out the existing construction loan.

Jamie Leachman 

 LEED® Gold Certified, Altaire consists of studio, one- and two-bedroom floorplan options. The luxury apartments offer top-of-the-line amenities, including a sky lounge and rooftop terrace, fully-stocked fitness center, courtyard, fire pits and grilling area, swimming pool, game room, penthouse lounge and pet washing area.

Located at 400 Army Navy Dr. in the burgeoning Crystal City neighborhood, Altaire is positioned across the street from one of the biggest ecommerce company’s second headquarters development and is walkable from various retail, dining and entertainment options.

The property is also a short drive to Reagan National Airport and a quick bike ride to Virginia’s prominent Pentagon City and Pentagon.

Paul Spellman

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Jamie Leachman and Senior Director Paul Spellman.

 “Located directly across the street from a major company’s headquarters and with sweeping views on D.C. and Northern Virginia, the Altaire is the preeminent multi-housing property in the National Landing submarket,” said Leachman.

“The competition was fierce for this financing opportunity garnering multiple offers from a variety of lending sources.”

 For more news, videos and research resources on JLL, please visit our newsroom.

 

CONTACT:

Natalie Passarelli
Public Relations

Jones Lang LaSalle Americas, Inc.

200 E. Randolph St.
Chicago, IL 60601

M +1 224 477 7307

natalie.passarelli@am.jll.com

 us.jll.com/investorservices