Friday, May 14, 2021

Once Listed at $35 Million, the Sprawling. Five-building Suzanne Somers Estate in Palm Springs, CA Now Going for $8.5 Million

 

Suzanne Somers (in earlier times)

PALM SPRINGS, CA -- The glamorous and sensual estate that Suzanne Somers and her charming TV-host-husband, Alan Hamel, created in Palm Springs and enjoyed for decades, has sold.

             Suzanne and husband Alan Hamel

 On and off the market over the years, it was relisted in January at $8.5 million, a dramatic price cut from its original $35 million in 2008. According to the New York Post, the sale contract was written at the full $8.5 million asking price.

Suzanne Somers' estate perched on a hill spanning 28 acres
and overlooking Mesa Canyon from Palm Springs, CA

A combination of the girl next door, a sexy blond bombshell, and a successful businesswoman, Suzanne has been a whirlwind since the 1970s, first, as the ditzy, Chrissy Snow, on Three’s Company and then as the motherly entrepreneur, Carol Lambert, on Step by Step.



Albert Frey

 In between, her life included marriage to Hamel, Playboy pictorials, spokeswoman for Thighmaster, best-selling author, breast cancer survivor, and a hot grandmother of three. Somers and Hamel have had one of the longest and most romantic marriages for decades and are still going strong.


 

Their longtime love nest perched on a hill spanning 28 acres and overlooking Mesa Canyon probably had something to do with the magic, states TopTenRealEstateDeals.com.



Modeled after L’oustau De Baumaniere in Provence, France, the couple combined their love of nature and elegance with the use of contrasts.



Twinkling crystal chandeliers hang in rooms of natural rock and reclaimed wood - rough against smooth, hard against soft - all in perfect balance.



There are five buildings to explore with 10,000 square feet of pavilions. One houses the master suite, a dining room that seats 32, the living room, a separate two-room kitchen, a 2,000-bottle wine cellar, and a stone guest house designed in the 1920s by Albert Frey.


Bobby Boyd 

There is also an outdoor amphitheater carved into the mountain that seats 50 and has a dance floor, as well as a pool, spa, hiking trails, and a natural waterfall that spills musically down the hillside. House access is via a private funicular, a golf cart, or a hillside of stone steps.

The couple, Suzanne now age 74, and Hamel age 84, are building another smaller home nearby and will stay in their current home until it is completed.

Josh Flagg 

The current house has too many steps and after she and Hamel recently fell down the steps requiring neck surgery for her, their new house will be easier to negotiate.

The new home will also use ecological building materials in its construction. The romantic pair are selling one love nest, but creating another one with all the magic that Somers excels at creating.

The property is listed with Josh Flagg and Bobby Boyd of Rodeo Realty, Beverly Hills.

 

CONTACT:


Genelle C. Brown
Content Manager, Media Division

TopTenRealEstateDeals.com
Phone:  336-459-3728

Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

 

YouTube: https://youtu.be/0-1eEbQkHYk
Photo Credit:  Douglas Elliman
YouTube Credit:  Sean Evans, @evvo1991 backtothemovies.com/
Source: www.toptenrealestatedeals.com

 

Champion Real Estate Co. Acquires Former Fraternity House Near University of Southern California for $8 Million

Former fraternity house, re-named Victory House,
668 West 28
th Street, Los Angeles, CA
 

 LOS ANGELES, CA, May 14, 2021 — Champion Real Estate Company (“Champion”), announced today that it has acquired a former fraternity house located at 668 West 28th Street in Los Angeles from Wall Street Properties, LLC for $8 million. 

 The property, located on Fraternity Row of the campus of University of Southern California, will be rebranded as Victory House. This building is the company's fifth student-housing property near the University of Southern California campus.

Garrett Champion

Champion Victory House, LLC, a subsidiary of Champion, will begin immediately on a complete overhaul of the 1906 constructed building which has seen several renovations over the years.

 Victory House will feature two community lounges and a study lounge.  It will be leased by the bed and all beds will be fully furnished including televisions and Sonos soundbars.

Michael Fukushima

"Despite the current student housing climate caused by the COVID pandemic, we at Champion believe now is a great time to acquire and renovate a property like Victory House near a top tier University in a severely supply constrained market," said Garrett Champion, Executive Vice President with Champion Real Estate Company.  "We will continue to look to acquire communities that fit ourbusiness plan."

Stephen F. Watson

Champion went on to say “the company operates three other student housing communities at USC under the Victory brand including Victory on 30th, Victory on Ellendale and Victory on Portland. 

"Champion also obtained entitlements for a 102-unit community behind Greek Row at 806 West Adams Boulevard.”

Michael Fukushima and Stephen F. Watson of KW Commercial represented Champion and the seller.

About Champion Real Estate Company

                Founded by Bob Champion in 1987, Champion Real Estate Company is a family operated company which invests its own money alongside third-party investors across the risk spectrum of real estate in key primary markets across the United States.

Bob Champion 

Over the past 20 years, Champion has achieved over a 20 percent annual compounded return on investor equity by acquiring core plus, value add and opportunistic multifamily, retail, office, student housing and mixed-use properties. 

 

CONTACT:


David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

www.ChampionRealEstateCompany.com.

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.”

 

Ascent Golf Villas in Scottsdale, AZ Exceeds $40 Million in Sales, Highlighting Demand for Luxury Properties


Leslie Jenkins

 SCOTTSDALE, AZ, May 14, 2021 – Ascent at The Phoenician® is now releasing its luxury mountainside condominium residences for sale following the early sales success of its Golf Villa homes. 


Situated at the base of Camelback Mountain, overlooking the Phoenician® Golf Course and located adjacent to The Phoenician®, a Luxury Collection Resort in Scottsdale, Arizonathe private, gated community of Ascent has become one of Arizona’s most coveted new luxury real estate offerings. 


Joe Bushong and Leslie Jenkins of Russ Lyon Sotheby’s International Realty are the listing agents for Ascent at The Phoenician®.


Following the community’s early sales success of the Golf Villas, Ascent at The Phoenician® is now introducing their next release: an intimate residential building of 40 luxury condominium residences on Camelback Mountain consisting of one-bedroom plus den, two-bedroom, two-bedroom plus den, and three-bedroom plus den plans. 


Joe Bushong 

Prices are estimated to range from $1.5 million up to $5 million. An opportunity to get on the VIP Priority List to receive early information, plans, and preliminary pricing is now open.

 “These modern residences offer buyers the chance to live in a private, gated community that provides the freedom and benefits of luxury living in one of the most revered locations in Scottsdale,” said Todd Patrick, Replay Destinations’ vice president of sales and marketing. 

The Ascent Golf Villas have sold over $40M just two months after opening for sales. The initial offering of 30 Ascent Golf Villas began selling in mid-February. 


Todd Patrick


The Golf Villas include homes ranging from two-bedroom to three-bedroom plus den/office plans, extensive indoor-outdoor living, private two-car garages, and views of both the golf course and Camelback Mountain. Current prices range from $1,975,000 to $2,895,000. Construction of the Golf Villas is now underway.


“The ability to live in a private community adjacent to The Phoenician®, overlooking the first fairway of The Phoenician® Golf Course, next to Camelback Mountain and in a home that offers the rare combination of both luxury and low maintenance living is a once in a lifetime opportunity,” said Jeremy Pfile, director of development for Replay Destinations. 


Jeremy Pfile


The Ascent Golf Villas have attracted buyers from the local Phoenix and Scottsdale area and from various states such as California, Illinois, Wyoming and Washington.

 

 For more information on the remaining Golf Villa homes or to register for updates including Priority Registration for the first release of mountainside condominium residences visit ascentatthephoenician.com or call 480-534-4086.

 

 

CONTACTS:


Michelle McGinty, DRA Collective

Tel: (310) 704-7834

michelle@dracollective.com


 www.replaydestinations.com 


Rachael Myer Curley, Account Director      
717 E. Maryland Ave., Suite 110 | Phoenix, AZ 85014 
Ph: 602.956.8834 | C: 480.560.3255
www.dracollective.com


 




Thursday, May 13, 2021

Beachwold Residential acquires 280-unit Alvista Willow Brook Apartments in Meriden, CT

Mona Carlton
 

MIAMI, FL, May 13, 2021 – JLL Capital Markets announced today it arranged a $28.5 million acquisition financing for Alvista Willow Brook, a 180-unit multi-housing property located in Meriden, Connecticut, that will now go by the name The Arlo.

 JLL represented the borrower, Beachwold Residential, to secure the acquisition financing through the lender, Sound Point Capital. The Sound Point Capital team was represented by Jordan Heller and Marc Tolchin.

 

  280-unit Alvista Willow Brook Apartments, Meriden, CT
Changed name to The Arlo

The Arlo was built in 2005 and has continuously received upgrades in recent years. The property consists of studio, one- and two-bedroom units boasting open and oversized floorplans.

 There are also 12 two-bedroom townhomes at the property. Community amenities include a clubhouse, fitness center, swimming pool, business center and dog park.

Jordan Heller
The Arlo sits at the crossroads of I-91, I-691 and Merritt Parkway, creating excellent regional access.

 Meriden is roughly equidistant between New Haven and Hartford, the two largest cities in Connecticut, allowing connectivity to several key employment hubs.

 For example, the world headquarters of both Aetna and The Hartford are roughly 21 miles away. The property is also just four miles from Meriden’s downtown area and the Midstate Medical Center, a major 156-bed acute care hospital.

 The JLL Capital Markets team was led by Senior Managing Directors Elliott Throne and Mona Carlton, Vice President Alex Staikos and Director Jesse Wright.

 “Beachwold was able to secure great acquisition bridge financing at a time when the capital markets started getting incredibly aggressive,” stated Staikos.

Marc Tolchin
 “This will enable them to further enhance the asset and its value as they have done at the dozen other assets they own in the surrounding Connecticut market.”

 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 deliver 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.

 

Elliott Throne 
About Beachwold Residential


 
Beachwold Residential and its principals have built, owned and managed multifamily properties for 40 years. 

The firm controls 57 properties and 15,000 multifamily units in Connecticut, Texas, Florida, Georgia, Virginia, Maryland, New Jersey and Tennessee. 

 About Sound Point Capital Management, LP

Sound Point is an alternative asset management firm founded in 2008 with particular expertise in credit strategies. 

Based in New York, with offices in London, the firm manages money on behalf of institutional investors including top-tier pensions, foundations, insurance companies, wealth management firms and family offices.

Alex Staikos
Sound Point's strategies span the spectrum of liquid and illiquid credit alternatives and include funds and managed accounts focused on leveraged loans, special situations, distressed debt, structured credit, direct lending and commercial real estate. 

Sound Point currently manages approximately $25 billion of assets. 


Five principals of Stone Point Capital LLC, as well as Dyal Capital Partners, an affiliate of Neuberger Berman Group, are strategic investors in our business. For more information, please visit Sound Point's website at www.soundpointcap.com.

Jesse Wright
 


CONTACT:

 

Natalie Passarelli

 JLL Senior Associate

Public Relations

Phone: +1 224 477 7307

Email:  Natalie.Passarelli@am.jll.com

Beachwold.com.

jll.com.


 

JLL Capital Markets secures $82.57 million construction financing for the 472-unit Marlow apartments in downtown Columbia, MD

 

Rendering of planned Marlow apartments, 
Downtown, Columbia, MD

WASHINGTON DC, May 13, 2021 –

Mark Gibson
 JLL Capital Markets announced today it secured a $82.57 million construction loan for development of the Marlow apartments, a 472-unit community with 32,340 square feet of ground-floor retail located in downtown Columbia, Maryland.

JLL worked on behalf of the borrower, an affiliate of The Howard Hughes Corporation, to secure the floating-rate construction loan for an initial term of four years with a one-year extension.

 The planned Marlow apartments will be part of the larger 14 million-square-foot master planned development for downtown Columbia.

Jamie Leachman
Marlow will be one aspect of the larger Merriweather District micro market, which will ultimately total 2.3 million square feet of office space, 320,000 square feet of retail, 1,900 multi-housing units, a 250-room hotel, a community pavilion and about 60 acres of open space.

 Initial delivery of the apartments is expected in Fall 2022 and will enhance the placemaking and street scape of the larger Meriweather District.

This will be the fifth property delivered by The Howard Hughes Corporation in this micro market, following the delivery of the adjacent 382-unit Juniper apartments in 2020 and the 321,000-square-foot, Class A 6100 Meriweather office building in 2019, home of the Tenable world headquarters.

Drake Greer 
 Located at 6200 Valencia Lane, Marlow will total 510,181 rentable square feet and include studio, one-, two- and three-bedroom floorplans, in addition to eight loft units with two-story layouts, which will be completely unique to the marketplace.

 The Merriweather District cradles Symphony Woods, a 40-acre parkland area, and Merriweather Post Pavilion, a renowned music and community venue that’s hosted various artists, including Jimi Hendrix, Willie Nelson, Foo Fighters and Florence + The Machine.

Jackson Cabot

Also touted as the “heart and soul” of the third city between Baltimore and Washington D.C., this area is part of The Howard Hughes Corporation’s long-term renaissance vision for downtown Columbia.

 The JLL Capital Markets team representing the borrower was led by Mark Gibson, Jamie Leachman, Drake Greer and Jackson Cabot.

 


“The Marlow will be yet another transformational project to this master planned community within Columbia,” said Leachman.

Jimi Hendrix
“Howard Hughes’ commitment to its long-term vision coupled with more and more liquidity returning to the market on a weekly basis was reflected in the strong response from the lending community through marketing process.”

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.

Willie Nelson





About The Howard Hughes Corp.

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and mixed-use real estate throughout the U.S.

Its award-winning assets include the country's preeminent portfolio of master planned communities, as well as operating properties and development opportunities.

They include the Seaport District in New YorkColumbia, MarylandThe Woodlands®, The Woodlands Hills®, and Bridgeland® in the Greater Houston, Texas area; Summerlin®Las Vegas; and Ward Village® in Honolulu, Hawai'i.

CONTACT:


Natalie Passarelli

 JLL Senior Associate

Public Relations

Phone: +1 224 477 7307

Email:  Natalie.Passarelli@am.jll.com

 

Ware Malcomb Announces Jimena Fernandez Navarra Joins Firm as Director, Interior Architecture & Design in Mexico City

Jimena Fernandez Navarra 
 

 MEXICO CITY, May 13, 2021 – Ware Malcomb, an award-winning international design firm, today announced that Jimena Fernandez Navarra has joined the firm as Director, Interior Architecture & Design for the Mexico City office. 

In this role, Fernandez is responsible for the growth and management of the Interior Architecture & Design Studio and oversees all interiors projects for the Mexico City office. 

Fernandez brings over 18 years of interior architecture and design expertise to the Ware Malcomb team. She has designed more than 2,000,000 square meters of projects, and has extensive experience in the office, hospitality, retail and residential sectors.

Andres Galvis

 Fernandez is well known as a thought leader in the design industry and has led many award-winning projects throughout her career. 

“We are excited to welcome Jimena to our team in Mexico City,” said Andres Galvis, Regional Director, Latin America. “Her thought leadership in the design industry will elevate our interior architecture and design offerings in this dynamic market.” 

Fernandez was recently named Top Ten Best Architects in Mexico by Expansion Magazine and El Heraldo de Mexico in 2021.

 CONTACTS:

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

Rachel@kcomm.com 


Maria Rodgers, Public Relations Manager, 949.660.9128, mrodgers@waremalcomb.com

 

Maureen Bissonnette, Associate Principal, Marketing,949.660.9128

 mbissonnette@waremalcomb.com