Hold-Thyssen Assists Global Design Firm in Relocation of US HQ To Winter Park with Long-Term Lease

Darby Hold

WINTER PARK, FL --- Hold-Thyssen, Inc., a full service real estate services firm recently completed a five-year lease agreement with Panaz, USA for relocation of its national headquarters from North Carolina to downtown Winter Park .  

 Christopher Norton

The global designers and manufacturers of high-quality fabrics and wall coverings for the hospitality, healthcare and corporate sectors have leased a 1,331 square foot professional office suite in the New England Building at 230 S. New York Avenue .  

 Hold-Thyssen’s Senior Director
Darby Hold negotiated the lease representing the Landlord, New England Partners LLC.  Christopher Norton with Park Avenue Real Estate represented the tenant in the transaction.   

New England Building, 230 South New York Avenue,
Winter Park, FL 

Other major tenants at the New England Building are Kelly Price and Co. and Bell Bank.  Panaz is a 30-year old firm relocating from North Carolina .

 HoldThyssen, Inc. 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 .

CONTACTS:

Anthony Fisher, Vice President, Hold-Thyssen Real Estate Services,

407-691-0505, afisher@HoldThyssen.com

 Robert P. Hold, Principal, Hold-Thyssen, Inc. 

407-691-0505, bhold@HoldThyssen.com

 Beth Payan, Larry Vershel Communications Inc. 

407-644-4142

or 407-461-3781 beth@larryvershel.com

 

Multi-housing community near Seattle, WA secures $18 million Freddie Mac senior loan and $13.5 million subordinate loan from Amazon Housing Equity Fund

 Mary Dooley

 

SEATTLE, WA – JLL Capital Markets has underwritten and closed a $17.95 million Freddie Mac Senior Loan and a $13.5 million subordinate loan from Amazon Housing Equity Fund for the acquisition of Sage Apartments, a 123-unit, garden-style multi-housing community in the suburban Seattle community of Everett, Washington.

Sage Apartments, a 123-unit, garden-style
multi-housing community in the suburban
 Seattle community of Everett, WA

The new owner, Alliant Strategic Investments and Nuveen Real Estate Capital, is converting 100 percent of its units affordable to households making less than 80 percent of the area’s median income levels to address the growing need for affordable housing in the Seattle MSA. The restriction will be in place for 99 years. 

J. Paul Smith

The Capital Markets Debt Advisory team representing the borrower included Senior Director J. Paul Smith and Directors Drew Heitstuman and Mary Dooley.

“The creation and preservation of affordable housing is a critical issue we all face,” said Smith.

 “Alliant Strategic Investments and Nuveen Real Estate Capital are industry leaders committed to solving the issue. JLL is thrilled to have assisted in their efforts to preserve affordable housing options for the residents of Everett, WA.

Drew Heitstuman

"Further we are grateful for the creative and tireless efforts of Freddie Mac and the Amazon Housing Equity Fund. 

"We hope this pioneering transaction will spur additional affordable housing preservation.”

 JLL worked on behalf of the borrower, a partnership between Alliant Strategic Investments and Nuveen Real Estate Capital, to secure the 10-year, fixed-rate loan through Freddie Mac.

The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo℠ lender. Additionally, JLL underwrote the supplemental debt on behalf of the Amazon Housing Equity Fund. 

The closing is the first project to successfully utilize both Freddie Mac and Amazon’s subordinate loan offering. 

Stephen (Steve) Johnson,

“Freddie Mac's participation in the financing of Sage Apartments reflects our relentless commitment to the design and development of unique financing structures that produce and preserve affordable housing for renters nationwide," said Steve Johnson, vice president of Small Balance Loan and Targeted Affordable Sales & Investments at Freddie Mac. 

 "We are proud to partner with JLL, Alliant Strategic Investments, Amazon and Nuveen Real Estate Capital to provide safe, affordable housing to the community of Everett, WA for years to come."

“The Amazon Housing Equity Fund is truly making an impact and this transaction is a great example of putting words into action,” C.W. Early, Senior Managing Director, JLL Capital Markets said.

C.W. Early

“They provided attractive long- term subordinate financing to allow ASI to purchase and renovate the property, which included putting 99-year affordability restrictions in place.”

 “Furthermore, the Amazon Housing Equity Fund continues to demonstrate innovative means to address financing gaps in the market to facilitate the delivery of critically important affordable housing units” Martine Combal, Senior Vice President, JLL Public Institutions stated.

Sage Apartments contains one- and two-bedroom units ranging from 621 to 989 square feet that feature balconies or patios with extra storage, walk-in closets and in-unit washer and dryers.

The community amenities include a resident clubhouse, fitness center, Amazon Hub package locker, pool, outdoor seating and barbecue area, dog park, car wash station and security patrol.

Martine Combal

Built in 2007 with only minor upgrades to 13 percent of the units, the new owner plans to upgrade all unit interiors.

 Situated at 1730 112^th St. SW, Sage Apartments is located only four minutes from Interstate 5, providing easy access to the region’s largest employers via 112th Street Southwest.

In addition, residents can walk to both northbound and southbound Swift transit stations in seven minutes or less, providing access to nine Everett Transit bus lines and a 653-space park and ride.

CONTACT:

 Cierra Lacasse

 JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com

 

Illustrated Properties Names Daniel Dennis New President of Renowned Real Estate Firm

 

Daniel Dennis

Palm Beach, FL – Illustrated Properties, a member of The Keyes Family of Companies, is beginning an exciting chapter of its storied history with the arrival of new firm President Daniel Dennis.

 The industry veteran is relocating from Mobile, Alabama, where he served as CEO of South Alabama’s largest real estate firm for more than a decade.

Mike Pappas 

 

As Illustrated’s President, Dennis is responsible for the firm’s strategic planning and operations. Mike Pappas remains as CEO to maintain the company’s deeply rooted philosophy of superior service and commitment to the local communities.

 Dennis earned a Bachelor of Science in Finance from Auburn University. He also earned a Juris Doctor (J.D.) from Cumberland School of Law and a Master of Laws (LL.M.) in Real Property Development from the University of Miami School of Law.

  

CONTACT:

Eric Kalis and Daniel Benjamin

 BoardroomPR

ekalis@boardroompr.com/

dbenjamin@boardroompr.com

954-370-8999

Raise Commercial Real Estate Hires 13-Year Veteran Broker Josh Rand as Senior Vice President in Los Angeles, CA

Josh Rand

 

LOS ANGELES, CA,  Jan.14, 2022 – Raise Commercial Real Estate (Raise), a technology-powered commercial real estate brokerage firm, announced that it has hired 13-year veteran broker Josh Rand as Senior Vice President in the firm’s Los Angeles office.

 Rand will continue working with occupiers on their leasing and investment real estate needs in Los Angeles and throughout Southern California.

 With the addition of Rand, the firm has more than doubled the team throughout Los Angeles, Silicon Valley, San Francisco, and Denver since 2020.

Felipe Gomez-Kraus

 

Raise has high growth targets for 2022 as it expands across the country, serving clients from publicly traded companies like Palantir and Twitch to high growth startups like Notion and Envoy.

 “Starting 2022 with an impactful addition to the brokerage team underscores our excitement in Los Angeles and commitment to client service in a time of rapid change,” said Felipe Gomez-Kraus, President at Raise.

“Josh's extensive background serving the best occupiers in Los Angeles, matched with his understanding of how our technology can impact their experience, is the perfect addition as we continue our expansion across the country.”

                Rand joins Raise from Cresa where he most recently served as Senior Vice President. Completing more than $200 million in lease and sales transactions since 2008, he has worked with clients across various industries in the Greater Los Angeles area and throughout the United States including Anastasia Beverly Hills, Beyond Yoga and DRINKS. 

 

CONTACT:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.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.”

King & Spalding Opens Office in Miami, FL

 

Randy Bassett 

Miami, FL — King & Spalding is opening an office in Miami, Florida at Southeast Financial Center, 200 S Biscayne Blvd.

The office is the firm’s 23rd site globally.

 The new office will extend the reach and capabilities across a number of the firm’s trial, transactional and governmental practices.

 

 Partner Randy Bassett will serve as its office managing partner.

 

“The Miami office officially plants roots in a state where King & Spalding already has substantial capabilities, experience and connections,” said Robert D. Hays, Jr., chairman of King & Spalding.

Robert D. Hays, Jr.

“Given Florida’s rapidly expanding economy and strategic importance more broadly in the U.S. and Latin America, as well as the firm’s many clients with business and legal interests in the state, the Miami office will be an important hub for the firm and our clients.”

 

The office which will open in early February launches with 12 partners who are relocating to Miami from other K&S offices or who will spend the majority of their time there.

 

 The office will also serve as a base of operations for the more than 50 K&S lawyers who are barred in Florida and regularly work on matters in the state.

 

 

 

CONTACT:

Micheline Tang
212-556-2301
mtang@kslaw.com   

www.kslaw.com.

 

Ryan Spradling joins JLL’s West Coast industrial capital markets team

Ryan Spradling

SAN DIEGO, CA – JLL Capital Markets has welcomed Senior Director Ryan Spradling to its capital markets team on the West Coast to focus on industrial investment sales and advisory in the greater San Diego and Orange County areas.

 

Spradling has spent his 19-year career representing owners and occupiers with leasing, acquiring and disposition of industrial assets in and around San Diego County.

Mark Detmer

He joined JLL’s industrial brokerage team in 2019 from another leading commercial real estate firm. 

His brokerage career began in 2003 as an industrial landlord and tenant specialist, and he is versed in all industrial segments, including multi and single-tenant, cold storage and R&D assets.

 

With Spradling’s move to capital markets, the U.S. industrial capital markets team now has a deeper local presence to further its national reach and coast-to-coast coverage.

 

He joins the West Coast industrial capital markets team helmed by Los Angeles-based Senior Managing Director Mark Detmer, who is also a co-leader of the national capital markets industrial platform.

Ryan Sitov

The West Coast investment sales and advisory team also includes Managing Director Ryan Sitov in Northern California, along with Managing Director Buzz Ellis in Pacific Northwest and Senior Director Ben Geelan in Phoenix.

 

“Southern California’s coastal port markets – and adjacency to trade partners in Mexico – are major drivers for industrial owners, developers and users,” Detmer said.

 

 “Ryan is a vital part of our Southern California growth strategy to continue to push our client’s needs for new development and capital deployment.

 

"His experience is second to none, having served the Southern California industrial markets for nearly 20 years, and we are thrilled he has joined our team.”

Aldon Cole

Spradling is based in the San Diego office, which is run by Senior Managing Director Aldon Cole.

 “The transition of Spradling into the Capital Markets Group underscores the opportunities to best serve our clients, given the strong synergies between leasing and their need to access the full-suite of capital markets advisory in the industrial vertical,” Cole said. 

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.  

 

CONTACT:

Kimberly Steele

 JLL Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

Divvy Homes Taps Blackstone's John Lee as COO and Promotes Lucia Franzese and Shirley Lin to Executive Leadership Team

Adena Hefets

 

 SAN FRANCISCO, CA – Jan.13, 2022 – Divvy Homes, a market leader in the proptech industry, announced today a number of new hires and promotions spurred on by significant financial backing and market opportunity.

 John Lee will join Divvy Homes as the company’s new chief operating officer, while two Divvy leaders are promoted to the executive leadership team and seven vice presidents have been added to the roster.

Lucia Franzese

John Lee joins Divvy following nearly eight years at Blackstone where he last served as a managing director in the private equity group.

 Prior to Blackstone, he worked at TPG and Merrill Lynch, and earned degrees from Harvard Business School and Stanford University.

Shirley Lin 

 Lee will oversee all operational functions of the business and provide strategic vision to the organization.

 Divvy Homes was incubated in Max Levchin's startup studio HVF and co-founded by Adena Hefets, Nick Clark, and Alex Klarfeld.

Max Levchin

As a member of the executive leadership team, Lee reports directly to chief executive officer Hefets.

 “This is the third time that John and I have worked together, and I am absolutely thrilled to have John join Divvy Homes as we begin this new chapter. Fueled by our Series D funding and debt financing, we’re poised for accelerated growth,” said Hefets, co-founder of Divvy Homes.

  "Our diverse, top-notch team is deeply experienced and committed to our mission of broadening access to homeownership.

 "We will continue to grow our team throughout the country so we can better serve our customers and agents.”

Nicholis (Nick) Clark

 Divvy Homes also announced that Lucia Franzese is promoted to chief revenue officer and Shirley Lin to chief product officer.

 Franzese joined Divvy in February 2019 with a focus on leading customer and agent acquisition.

 Under her leadership, the sales and marketing teams have grown the number of homes closed by 25x and have onboarded nearly 30,000 partner agents.

 Franzese’s team has grown to 75+ teammates and continues to prioritize driving revenue growth for Divvy. 

Molly Nelson

Lin joined Divvy as vice president, product in January 2021 to accelerate its next phase of product development.

 Since joining, she has designed and implemented proprietary capabilities in areas such as customer underwriting, property valuation, and conversion.

Torie Runzel

 For example, Lin revamped the product for Divvy’s nearly 30,000 agents and delivered a 40 percent increase in approval rates for self-employed customers.

 In her new role as chief product officer, Lin will lead a group of 11 across product and design who will focus on driving growth through automation and differentiated customer and agent experiences. 

Alex Kaufman

VP New Hires and Promotions since H2 2021:

 New senior hires and promotions across Marketing and Sales, Operations, Finance, and Data Science include: 

 Alex Kaufman - hired as Vice President, Data Science & Analytics

 

Bill Hoch - promoted to Vice President, Strategic Finance

Bill Hoch

 Kyle Zink - hired as Vice President, Marketing & Communications

 Molly Nelson - hired as Vice President, Sales

 Pete Nichols - hired as Vice President, Engineering

Spencer Thorp - promoted to Vice President, Home Operations

 

Torie Runzel - promoted to Vice President, People

 Divvy Homes’ 2021 Hiring 

 

Kyle Zink 

Led by VP of People Torie Runzel, the Divvy Homes team has tripled to more than 210 in the last 12 months, with more than a quarter of new hires coming from internal referrals.

 With an increased focus on diversity and inclusion team building in 2021, Divvy Homes doubled Black and Latinx representation from 9% to 18% and increased female representation from 35% to 42% across all levels, and more than doubled women in tech (product, engineering, data science, and design) to 25% representation. 

 Additional Hiring

Divvy Homes continues to look for additional senior leaders to add to its team as it searches for VPs of Corporate Development and Capital Markets.

Spencer Thorp

 Divvy Homes is also on the hunt for a Director of Product, Head of Talent Acquisition, and Head of Risk to continue to lead Divvy’s growth in 2022.

 Divvy has adopted a flexible work-from-anywhere policy so nearly all of Divvy’s positions are remote friendly outside of market-specific roles.

 

To learn more about Divvy Homes and open positions, please visit www.divvyhomes.com.

CONTACT:

 

Catherine Cuello-Fuente

 

Original Strategies

catherine@originalstrategies.com

917-545-8696