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| Diana Rivers |
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Saturday, May 1, 2021
KBS Signs More Than 40,000 Square Feet with Two Leases at 814,018 Square-Foot Class A Office Park in Emeryville, CA
The Calida Group Names Chris Leggee New Senior Vice President of Capital Markets
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Friday, April 30, 2021
Birmingham-based OG Capital Acquires Multifamily Real Estate Community in Gulf Shores , AL
BIRMINGHAM, AL – OG Capital, a Birmingham-based multifamily real estate investment firm, has acquired Marbella Luxury Apartments, a 96-unit luxury apartment community situated on 4.77 acres at 1910 E. First St. in Gulf Shores .
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| Marbella Apartments, a 96-unit luxury apartment community situated on 4.77 acres at 1910 East First Street, Gulf Shores, AL |
OG
Marbella, LLC, an affiliate of OG Capital purchased the property from Marbella
Gulf Shores , LLC for $15 Million. Troy Wilson and Frank
Malone of Bellator Real Estate & Development brokered the transaction,
which was financed by ServisFirst Bank.
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| Frank Malone |
OG Capital will enhance the community’s clubhouse and pool areas and install washers and dryers in each unit.
Additional
changes aimed at increasing lifestyle value to the community, including grill
stations and outdoor gathering spaces, are also planned. OG Capital hired The Mitchell Company of
Mobile led by Chris Sylvester to manage the community.
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| Jordan Weaver |
“We look forward to serving our residents
through high-quality service and first-class amenities,” said
Weaver, adding “ Gulf Shores is a strong market that will continue to become
more desirable.”
OG Capital has previously made significant investment in the Gulf Shores market, including Fairhope Commons also in Baldwin County .
Since 2007 OG Capital
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| David Oakley |
In addition to its latest acquisition of
Marbella , the firm has holdings in various markets
spanning from Chattanooga , Tennessee to South Alabama .
OG is headquartered in Birmingham , Alabama and was founded in 2007 by David Oakley.
CONTACT:
David Oakley, OG
Capital,
205-913-4632,or David.Oakley@og.capital
Beth Payan, Larry
Vershel Communications Inc.
407-461-3781 (direct) or Beth@LarryVershel.com
JLL expands Washington, D.C. multi-housing capital markets team
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| Bill Gribbin |
WASHINGTON, DC – JLL Capital Markets announced Bill Gribbin has joined the firm as a Director in the company’s Washington, D.C. office. Bill joins the existing team led by Walter Coker, Brian Crivella and Robert Jenkins and will focus on multi-housing investment sales advisory and equity placement transactions in the Greater Washington, D.C. area.
Mr.
Gribbin has more than seven years of commercial real estate and multi-housing
experience and most recently worked as a Director at MAC Realty Advisors, LLC.
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| Walter Coker |
He holds a Master of Professional Studies in Real Estate Finance from Georgetown University and a Bachelor of Arts degree from University of Maryland, where he also played Division I Lacrosse.
“Multi-housing has been one of the strongest performing asset classes throughout the pandemic and we are really excited to add Bill to our growing team in D.C.” said Andrew Weir, Senior Managing Director and co-head of JLL’s Capital Markets team in Washington, D.C.
“Bill brings with him an extensive background in property analysis and great relationships with local multi-housing and land owners, which will be a value add for our current and future clients in the region.”
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| Brian Crivella |
The firm's in-depth local market and global
investor knowledge delivers the best-in-class solutions for clients — whether
investment sales advisory, debt placement, equity placement or a
recapitalization.
The
firm has more than 3,700 Capital Markets specialists worldwide with offices in
nearly 50 countries.
For
more news, videos and research resources on JLL, please visit our newsroom.
About
JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.
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| Robert Jenkins |
JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020.
JLL is the brand name,
and a registered trademark, of Jones Lang LaSalle Incorporated.
 |
| Andrew Weir |
Kristen
Murphy
Senior Manager
Public Relations
Investor Services
JLL
One Post Office Square, Suite 3500
Boston, MA 02109
T +1 617 848 1572
M +1 617 543 4873
Stan Johnson Co. Arranges Portfolio Sale of 12 Single-Tenant Retail Properties to MCB Real Estate and Blue Vista Capital Management for $28.5 Million
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| Melissa McKenzie |
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| Zach Harris |
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| Jeff Hughes |
“This net lease portfolio consisted of a strong diversification of name-brand essential retail tenant credits which was quite attractive to the buyer,” said Harris, Director in Stan Johnson Company’s Tulsa, Oklahoma headquarters.
“We continue to see particularly robust investor demand for these diversified single-tenant retail portfolios featuring established locations and strong credit tenants.”
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| Mike Sladich |
In recent months, Harris brokered the $68.4 million sale of a 27-property portfolio of single-tenant retail buildings across 18 states that also received strong interest from investors.
About Stan Johnson Co.
Stan JohnsonCo. is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties.
To learn more about Stan Johnson Company, please visit: www.stanjohnsonco.com.
CONTACT:
David Ebeling
Ebeling Communications
949.861.8351
949.278.7851 (Cell)
Member of the National Association of Real Estate Editors (NAREE)
“PR Strategist for the Commercial Real Estate Industry: I do what I love and love what I do.”
Thursday, April 29, 2021
Hackensack, NJ apartments sold for $114.45 million
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360-unit Prospect Place Apartments Hackensack, NJ
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| Laurent Morali |
JLL represented the seller, Kushner Companies, to complete the sale to the buyers, Khosla Capital LLC and DKJ Equity LLC.
Prospect Place Apartments total 428,040 rentable square feet and consist of one-, two- and three-bedroom floorplan options.
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| Raman Khosla, |
The building is pet-friendly and features top of the market community amenities including two fitness centers, game room, swimming pool, resident lounge and business center as well as garage parking. The buyer has immense opportunity to continue updating original units.
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| Jose Cruz |
The property is also proximate to the Bergen Museum of Art & Science, Hackensack University Medical Center and various retail, dining and entertainment options.
The JLL Capital Markets team representing the seller was led by Jose Cruz, Steve Simonelli, Kevin O’Hearn, Michael Oliver, J.B. Bruno and Michael Kavanagh. Khosla Capital LLC, representing the buyers, was led by Raman Khosla, CEO and founder.
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| Steve Simonelli |
“The in-fill location and upside in these assets drove very strong interest from the investment community,” stated Cruz. “Multi-housing demand is stronger than it was pre-covid.”
“We are pleased with the excellent execution by our friends at JLL, and wish all the best to the buyers,” stated Laurent Morali, President of Kushner.
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| Kevin O’Hearn |
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization.
The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources on JLL, please visit our newsroom.
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| Michael Oliver |
Together these privately held real estate companies own, manage, acquire, rehabilitate and develop multi-family apartment complexes in the Northeastern and mid-Atlantic United States.
With over 25 years of experience in investment real estate, Khosla Capital and DKJ Equity have a track record of securing superior risk-adjusted returns and preserving real estate values.
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| J.B. Bruno |
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.
JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities.
JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020.
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| Michael Kavanagh |
Contact:
Natalie Passarelli
JLL Senior Associate
Public Relations
Phone: +1 224 477 7307
Email: Natalie.Passarelli@am.jll.com
