JLL Capital Markets leads sales efforts for 10500 NE Walker Road, a fully leased, single-story asset in Hillsboro, OR

  

Carrie Kahn

PORTLAND, OR, April 25, 2022 – JLL Capital Markets announced today that it has closed the sale of 10500 NE Walker Rd., a single-story call center building totaling 211,863 square feet in the Portland-area community of Hillsboro, Oregon.

Buzz Ellis

JLL represented the seller, a public REIT, and procured the buyer, Hines Global Income Trust.

 

10500 NE Walker Rd. occupies an 18.92-acre site in the Sunset Corridor / Silicon Forest submarket of the Portland MSA.

 

This area has become a prime suburban location for many large corporate tenants due to the proximity of desirable residential neighborhoods; easy access to the Portland central business district via the MAX Light Rail Red Line – Willow Creek / NW 185^th Station, which is within walking distance of the property; and access to a deep talent pool of employees.

Adam Lasoff 

In addition, the property has excellent access to a plentiful amenity base and Highway 26 for direct access to downtown Portland.

 

Renovated in 2009, 10500 NE Walker Rd. holds a LEED Silver certification and is fully leased to a long-term, financial services tenant.

 

 

The property provides 938 parking spaces and features 16’7” ceiling heights along with three dock high doors and two grade-level doors.

Adam Taylor

JLL’s Capital Markets team representing the seller was led by Managing Directors Buzz Ellis and Adam Lasoff and Director Adam Taylor, along with Senior Managing Director Ira Virden, Managing Director Carrie Kahn, Director Frank Solorzano and Senior Managing Director Conan Lee.

 

“The Sunset Corridor has been the submarket of choice for investors given the deep, tech-oriented talent pool,” Ellis said.

 

“Considering the scale of the infill suburban site, and the underlying zoning, it will be exciting to see how Hines stewards the property during their ownership.”

 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 Ira Virden

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

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

 

About Hines Global Income Trust

 

HGIT is a public, non-listed real estate investment trust sponsored by Hines.

Frank Solorzano 

It commenced operations in 2014 and invests in commercial real estate investments located in the United States and internationally.

 

For additional information about HGIT, please visit hinesglobalincometrust.com.

 

About JLL

 

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.

 

 Conan Lee

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 $19.4 billion in 2021, operations in over 80 countries and a global workforce more than 98,000 as of December 31, 2021.

 

For further information, please visit jll.com.

Contact:

Kristen Murphy

Director

Public Relations, Americas

JLL

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

Super Bowl-Winning Coach Sean McVay Buys $14 Million Home in Celebrity Neighborhood of L.A.

 

Sean McVay 

HIDDEN HILLS NEIGHBORHOOD, LOS ANGELES, CA -- Sean McVay is as much a superstar as the team he coached through this year’s Super Bowl win. 

Six bedrooms, seven baths and a home theater
 are features in Sean McVay's $14 million home
in the Los Angeles neighborhood of Hidden Hills

 At the age of just 36, having such success in the field is a record-breaking achievement. One of the NFL’s best coaches, Sean led the Rams out of 12 straight years of missing the postseason and pole-vaulted them to the 2022 Super Bowl championship. 

 Jae Omar

Soon after the win, Sean rewarded himself with the purchase of a brand new contemporary home designed by Jae Omar.

Located behind the guarded gates of celebrity-laden Hidden Hills in Los Angeles, Sean paid a bit over $14 million for the home.

 The 9,000-square-foot home is located on almost 1.5 acres in one of LA’s most celebrity-studded communities, says 

TopTenRealEstateDeals.com

Immediately struck by the feeling of space and light upon entering, the width and height of the grand contemporary foyer have sunlight cascading down from skylights with additional light from both the front and back. 

 

 This allows for light-toned white oak paneling and minimalist design details in the staircase and room.  The formal rooms are bright, sunny, white, airy and spacious giving a man the size of a football player plenty of elbow room throughout. 

Kim Kardashian

The large kitchen has huge amounts of storage hidden by a seamless wall of cabinets and opens into a large family room with smooth matched stone fireplace and views of the terrace, lawn, trees, and rolling hills. 

Kylie Jenner

There are six bedrooms, seven baths, and a primary suite with dual walk-in closets, a fireplace, breakfast bar, soaking tub and a balcony.  There is also space for a gym with a full bath and a home theater. 

Jada Pinkett Smith

For entertaining, there are dual wine walls and a bar. Outside is a built-in BBQ, infinity-edge pool, spa and a firepit.

 

 Sylvester Stallone

Some of McVay’s neighbors will include Sylvester Stallone, Will Smith, Jada Pinkett Smith, Kanye West and the entire Jenner/Kardashian clan.

 

Will Smith

McVay isn’t the only member of the Rams who scored real estate deals after the Super Bowl.  Likely the safest place to store their big earnings, quarterback Matthew Stafford bought two homes from Drake, along with several other team members who bought high-end LA homes.

Matthew Stafford 

Tomer Fridman of Compass and Marc Shevin of Berkshire Hathaway HomeServices California held the listing.  McVay was represented by Josh Altman and Matt Altman of Douglas Elliman.

 

 Contact:

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  336-459-3725
Twitter:  @toptenrealestat
Facebook.com/toptenrealestat

Photo credit:  Courtesy of Compass
Source:  TopTenRealEstateDeals.com  

 

Hold-Thyssen Brokers $735,000 Sale of Office Building in Westchase Commons, FL

Theresa Margaris

 Tampa, FL and Clearwater, FL --- Hold-Thyssen, Inc. recently negotiated the $735,000 sale of a professional office building built in 2007 with 3,500 useable square feet and ample parking in Westchase Commons, 13035 W. Linebaugh Ave. in Tampa.

Transaction Specialist Theresa Margaris at Hold-Thyssen’s Clearwater office brokered the sale representing the seller, Peak Properties, LLC of Belleair Beach, FL. and the buyer, Westchase Real Estate, LLC, a subsidiary of The Healthy Edge, a natural foods retail group.  

Office building within Westchase Commons
 13035 West. Linebaugh Avenue, Tampa.FL

With operations in the Midwest and Florida, the group purchased the building to house their administrative offices. 

Hold-Thyssen, Inc. provides commercial property and leasing and management services to institutional and private investor clients nationwide.  The 40-year-old firm’s current portfolio includes more than 100 commercial properties throughout the United States. 

 CONTACTS:

 

Richard J. Fisher, 

Vice President/Investor Services, 

Hold-Thyssen, Inc. 

813-880-7100 ext303 

rfisher@HoldThyssen.com

 

Robert P. Hold, 

Principal, Hold-Thyssen, Inc. 

407-691-0505, 

bhold@HoldThyssen.com

 

Beth Payan

Larry Vershel Communications Inc. 

407-461-3781,

 Lvershelco@aol.com

Stan Johnson Co. Brokers $25 Million Sale of Northcrest Village Shopping Center in Carrollton, TX

 Margaret Caldwell

 CARROLLTON, TX -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Northcrest Village located at 3044 Old Denton Road in Carrollton, Texas.

The 136,061-square-foot shopping center is anchored by ALDI and Ace Hardware and was approximately 85 percent leased at the time of sale.

Patrick Kelley

 

 Margaret Caldwell, Patrick Kelley and Gill Warner of Stan Johnson Company represented the seller, an Oklahoma-based developer. The 1031 exchange buyer was an individual investor based in Texas. The property traded for $25.0 million.

 “Northcrest was highly sought after by investors because of its location, strong credit anchors and its potential upside,” said Caldwell, Managing Director and Partner in Stan Johnson Company’s Atlanta, Georgia office.

Gill Warner

 

Located in the northern Dallas suburbs, the shopping center features 31 tenants across three buildings. The attractive tenant mix reflects grocery, restaurant, hard goods, soft goods and service providers including national retailers like Subway, O’Reilly Auto Parts, The UPS Store, Little Caesars and State Farm.

  At the time of sale, there were four contiguous in-line suites available for lease along with one junior anchor space adjacent to Ace Hardware.

Northcrest Village, 3044 Old Denton Road,
Carrollton, TX

 “The bidding process was highly competitive with double-digit offers showing the continued demand for grocery-anchored multi-tenant retail properties,” added Kelley, Associate Director.

  “In addition to its credit anchors and upside, Northcrest Village boasts a coveted market in Dallas-Fort Worth.”

 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.”

 www.stanjohnsonco.com.

Novocure Hosts Ceremonial Groundbreaking with Gov. Chris Sununu at its new flagship facility in Portsmouth, NH

 

Gov. Chris Sununu 

  ST. HELIER, Jersey – Gov. Chris Sununu (R-NH) joined Novocure for a ceremonial event commemorating the start of construction of its new flagship facility in the heart of downtown Portsmouth, New Hampshire.

  The flagship building will provide space for Novocure’s growing employee base in Portsmouth and house a world-class training and development center where partners from around the world can come to learn about Novocure’s Tumor Treating Fields (TTFields) cancer therapy.

William F. (Bill) Doyle

Sununu delivered remarks before an audience of Novocure employees and local community and business leaders.

 

“Employers like Novocure help ensure New Hampshire remains the best state in which to live, work, and raise a family,” Sununu said.

 Sen. Jeanne Shaheen 

“Thanks to our pro-jobs agenda, New Hampshire is the #1 state for business in New England, and I would like to congratulate the whole Novocure team on the groundbreaking for their latest expansion!”

 

“We thank Governor Sununu for his leadership and support, on behalf of our workforce and the thousands of patients we are able to serve around the world,” said Bill Doyle, Novocure’s Executive Chairman.

 

“Since establishing our U.S. operations in Portsmouth more than 15 years ago, the Seacoast has become an important part of our company’s history.

Sen. Maggie Hassan

"It is an honor to host the Governor here today, and we look forward to completing the construction of our new flagship facility so we may continue to bring high-quality jobs to the community.”

 While they were unable to attend due to scheduling conflicts, U.S. Senators Jeanne Shaheen (D-NH) and Maggie Hassan (D-NH), as well as U.S. Rep. Chris Pappas (D-NH-01) provided prepared remarks that were read aloud by representatives from their offices.

 

“This achievement is a testament to your thorough work, your focus on building community among employees and your commitment to sharing your expertise and insights with physicians and partners from around the world. Much has changed since you planted roots in Portsmouth more than 15 years ago,” said Shaheen.

Chris Pappas

“Innovative businesses like Novocure are driving our economy forward and creating good jobs that expand middle class opportunity,” said Hassan.

 

“The work being done here at Novocure is an important part of the growing BioTech/MedTech economy in New Hampshire that is leading the way in developing cutting-edge products and services that improve the health and well-being of our people.”

 

“Founded on the concept of approaching the most daunting challenges in healthcare by reimagining how science can be used, Novocure has been a leader in its field,” said Pappas.

 

“Your work to pioneer new cancer treatments has the potential to change the lives of patients around the country and around the world.”

Headquartered in Jersey, and with a growing global footprint, Novocure has regional operating centers in Root, Switzerland, Portsmouth, New Hampshire and Tokyo, as well as a research center in Haifa, Israel.

 

 For additional information about the company, please visit Novocure.com and follow @Novocure on LinkedIn and Twitter.

 

CONTACT:

Alexa Cangialosi 

Account Executive  

Violet PR 
8 Hillside Avenue, LL1 
Montclair, NJ 07042 

845.825.1271  

www.violetpr.com  

KAI Enterprises Hires Kristin Copeland, PHR as Director of People & Culture

 

Kristin Copeland

 

 St. Louis, MO, April 20, 2022 -- KAI Enterprises is excited to announce the hiring of Kristin Copeland, PHR as its new Director of People & Culture.

 Copeland has worked in Human Resources for over 20 years. Prior to KAI, she worked at Emerson for just over eight years, most recently as an HR Manager.

 As KAI’s Director of People & Culture, Copeland will lead and direct the functions of the HR department.

 She has a Bachelor of Social Work from the University of Kansas and is a licensed Professional in Human Resources.

 

Michael Kennedy, Jr.

“Kristin has a valuable role to play at KAI, and we are excited to have an HR professional of her caliber joining our team,” said KAI CEO Michael Kennedy, Jr.

 “Our employees are our greatest asset, so having someone who embraces diverse perspectives and works to fulfill our employees’ needs in a work environment is what we were looking for and found in Kristin.”  

 

CONTACT:

 Jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com

www.kai-db.com.

Florida’s Housing Market: Median Prices Up, Supply Tight in March

Christina Pappas

 

 ORLANDO, FL, April 20, 2022 – Florida’s housing market in March and 1Q 2022 showed the impact of rising mortgage rates, increased home prices and a shortfall of for-sale supply, with fewer closed sales compared to a year ago, according to Florida Realtors®’ latest housing data.

 “Buyers and sellers in Florida in March continued to see rising mortgage rates, a very limited supply of for-sale homes and rising prices,” said 2022 Florida Realtors President Christina Pappas, vice president of the Keyes Family of Companies in Miami.

 “Housing affordability remains a challenge, and higher mortgage rates may mean some buyers who had previously qualified under a lower rate are forced to rethink their plans."

 “Now more than ever, consumers can benefit from the expertise of a local Realtor, who can guide them through current market conditions.”

 Brad O’Connor

 

Higher mortgage rates and less pandemic-driven buyer demand helped drive the drop in closed sales, according to Florida Realtors Chief Economist Dr. Brad O’Connor.

 He pointed out several factors that make it difficult to make exact comparisons between last year’s spring homebuying season and this year’s, now underway with the March data.

 “First, last year could really be considered our first spring buying season in two years, with the 2020 season having been snuffed out by the onset of the pandemic,” he said. “So there was an excess of pent-up demand there.

 "Second, the pandemic was still quite severe a year ago and was spurring relocations and second home purchases in Florida from out-of-state buyers. That’s still happening now, but not to the same extent.

 "Third, while our single-family inventory was severely depleted by the beginning of 2021, there was still some slack in our condo and townhouse inventory at the time. 

"That inventory cushion allowed for last year’s massive statewide boom in condo and townhouse sales.

"And last, but certainly not least, mortgage rates were still near record lows last spring. It simply can’t be understated how much these low rates helped fuel housing demand during the pandemic.”

 To see the full statewide housing activity reports, please visit the Florida Realtors Newsroom at http:// floridarealtors.org/newsroom and look under Latest Releases or download the March 2022 and 1Q 2022 data report PDFs under Market Data at: http://floridarealtors.org/newsroom/market-data.

 CONTACTS:

Marla Martin, Florida Realtors® Media Relations and Communications Manager, or

  Jeff Zipper, Senior Vice President of Communications and Marketing; 407/438-1400, ext. 2326 or 2314

 http://floridarealtors.org/newsroom.

 

JLL Capital Markets arranges financing for the planned 148-unit Iota Fox Station apartments in emerging Denver, CO submarket

 

Rendering of planned 148-unit 
 Iota Fox Station apartments
 in Fox Station, CO

 DENVER, CO – JLL Capital Markets has capitalized Iota Fox Station, a 148-unit, Class A, type III podium apartment development at 500 West. 41st Avenue, in the burgeoning Fox Station neighborhood of Denver, Colorado.

 JLL worked on behalf of the developer, Highland Development Company.

 The JLL Capital Markets Debt and Equity Advisory team representing the borrower was Director Rob Bova.

Rob Bova

“Iota Fox Station is an exciting project located in Fox Station, a rapidly changing and burgeoning Denver submarket,” said Bova.

“The Highland Development Company team did an excellent job programming the site to the needs of the submarket and future tenant base, which was reflected in kind through robust capital interest.

"The development team had the foresight to identify, program and move quickly through a rapidly evolving capital markets environment in order to be a trailblazer for the neighborhood.”

 

 CONTACT:

Jenna Sharp

JLL

M +1 214 394 3356

JLL.com

HighlandDevelopmentCo.com.