Bob Hope's Toluca Lake, California home listed at $29 million

 Leslie Townes (,Bob) Hope

Toluca Lake, LOS ANGELES, CA -- Bob Hope was not only the penultimate entertainer, he was also a passionate golfer. 

 He loved golf so much that in one of his famous quotes he said, “Golf is my real profession. Entertainment is just a sideline. I tell jokes to pay my greens fees.”  

What was Hope’s full-time home in Toluca Lake has a one-hole golf course, designed by Hope himself, with two tee positions.  That home has currently hit the market at $29 million.

Bob and wife Dolores Hope

 

Born in London in 1903 with a big name, Leslie Townes Hope, he emigrated to the U.S. with his parents at age four. 

 

His distinctive appearance with the well-recognized ski-jump nose came from reconstructive surgery after his face was crushed by a falling tree while helping his brother cut trees, according to TopTenRealEstateDeals.com.

Kevin Dees 

By age 20, he was on his career path starting in radio with his one-liners and quick, mostly self-deprecating jokes and it wasn’t long before he was on his way to Hollywood. 

Hope was the whole package that Hollywood demanded back in the day.  Stars were expected, and were trained, to sing, dance and act by the studios. 

 

Hope arrived in Hollywood with something extra that set him apart:  a rare timing ability for delivering comedy.  

 

With increasing fame and the increasing wealth that followed, Hope was able to choose any home that met his fancy, from his UFO vacation house in Palm Springs to his permanent house with a mini-golf course in LA’s Toluca Lake

 neighborhood. 

 Hope and wife, Dolores, built the house in 1939 as an English Traditional, which they made more contemporary in 1950. 

 

 Nestled on a beautifully landscaped five acres of mature evergreens, rose gardens, and the one-hole golf course with sand trap and driving greens, the 14,848-square-foot home includes eight bedrooms, eight baths, indoor pool and spa, billiard room, bar and chef’s kitchen. 

There is also a guest house, staff quarters, staff offices and large outdoor pool.  The private primary suite wing has two bedrooms, his-and-her baths and dressing rooms and a shared study. 

 

There is a home theater and a gym with a steam and infrared sauna, a four-car garage, motor court, extensive security system, security office, and three electric gate entrances. 

An ancillary structure contains a tennis pavilion, commercial kitchen, security office, conference room and a walk-in fireproof safe. 

 

Over the years the home has played host to presidents and a large number of celebrities.

 

Bob Hope died in 2003. His longtime home in Toluca Lake is for sale at $29 million. Kevin Dees of The Agency in Beverly Hills holds the listing.

 

CONTACT:

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

Photo credit: Simon Berlyn, courtesy of The Agency
Source:  TopTenRealEstateDeals.com

Despite disorder in much of the world, international real estate investors still see the U.S. as a safe haven for their assets, RECI finds

 

John Oharenko

Chicago, IL – Inflation continues rampaging international markets, and the United States is no exception.  

 The annual inflation rate climbed to over 8% at the end of April.  And the Russian invasion of Ukraine, now in its fourth month, only worsens the inflation picture. 

 

John Oharenko, Executive Director of The Real Estate Capital Institute® (RECI), advises, "Black Swan events such as the invasion of Ukraine pose threats to world order.  International investors will continue to flock to the United States as a haven, regardless of inflation or other fears."

  Tightened global energy supplies exist as Kremlin-controlled oil accounts for about 12% of the world's share. 

 

 Furthermore, Russian and Ukrainian wheat production accounts for over 25% of global output.  Although the United States hardly relies on Ukrainian wheat or Russian energy, worldwide demand remains high as Europe searches for other energy sources. 

  In contrast, many third-world countries rely on grain from these two nations.

 Given global instability, commercial real estate pricing, particularly for debt, behaves more like gas prices than credit markets.  Both fall in the four-to-five number range.

Like energy costs, real estate mortgages are hit with increased rates (wholesale gas prices) and wider spreads (more profits at the pump).  

 Before the Ukraine crisis, overall permanent mortgage rates hovered in the three-to-four-percent range.  The national average for gas was about $3.25/gallon. 

  Now, permanent mortgage pricing increased at least 100 basis points, fluctuating in the four-to-five-percent range.  The national average for gas prices exceeds $4.60/gallon, the highest price in American history.  Furthermore, no relief is in sight as summer fuel usage peaks.

 

Ironically, in some regions in the county, mainly California and parts of the Northeast, gas prices exceed $6/gallon.  

 However, capitalization rates remain highly competitive in these markets, ignoring the gas-to-mortgage-rate correlation.  And bargain hunters seeking better pricing remain sidelined, as valuation adjustments from higher debt costs have yet to take hold during this price discovery period.  

 Instead, many investors bet on inflation to help navigate commercial real estate through any challenging market cycles as most markets are still supply-constrained.  

 

And, international demand for American real estate remains healthy as an investment hedge against global instability.

 The Real Estate Capital Institute® (RECI, based in Chicago, IL,  is a volunteer-based research organization that tracks realty rates data for debt and equity yields.  The Institute posts daily and historical benchmark rates, including treasuries, bank prime, and LIBOR.  

 

CONTACT:

^The   Real Estate Capital Institute^®

Chicago, Illinois USA 60622

John Oharenko, Executive Director

john.oharenko@reci.com

director@reci.com / www.reci.com

 

JLL Capital Markets arranges $56.5 million sale of Publix-anchored River Bridge Center in South Florida

Kim Flores

MIAMI, FL, June 3, 2022 – JLL Capital Markets has closed the $56.5 million sale of River Bridge Centre, a 229,781-square-foot, market-dominant community shopping center anchored by Publix in the South Florida community of West Palm Beach.

 River Bridge Centre, West Palm Beach, FL

 JLL marketed the asset on behalf of the seller, an affiliate of Apollo Global Management. Publix Super Markets, Inc. acquired the center.

The JLL Retail team representing the seller was led by Senior Managing Director and Co-Head of U.S. Retail Capital Markets Danny Finkle, and Eric Williams and Vice President Kim Flores.

 “Opportunities to acquire grocery-anchored retail centers in South Florida continue to be in high demand from investors,” Finkle said.

Danny Finkle

“The strength of the retail fundamentals driven by strong population and employment growth, as well as the barriers to entry for new retail supply, are driving strong rental rate growth and make this one of the best positioned retail markets in the country.”

  River Bridge Centre opened in 1986 and was most recently renovated in 2005.

 The value-add, 86.3-percent-occupied property is anchored by a high-volume Publix and is home to a complementary mix of leading national retailers.

They include Ross Dress for Less, Crunch Fitness, Five Below, Ace Hardware, Chipotle, MD Now Urgent Care, Humana and Pizza Hut.

Eric Williams

With more than 2.6 million visitors a year, the center is within the 94th percentile of shopping centers within a 15-mile radius.

 Positioned on 28.4 acres at 6714-6868 Forest Hill Blvd., River Bridge Centre is in an infill location with exceptional visibility to approximately 83,500 vehicles per day.

The property also has nine outparcels, two of which are included in the sale, that drive consistent traffic to the center.

 The trade area that surrounds the property includes 130,000 residents earning an average annual household income of $77,617 within a three-mile radius.

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

 

CONTACT:

  Kimberly Steele, JLL

Sr. Manager, Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

  https://corporate.publix.com/newsroom. 

Neil Patrick Harris Sells Harlem Home for Record $7.1 Million

Neil Patrick Harris

HARLEM, NEW YORK CITY -- Neil Patrick Harris got his first starring role as the eponymous teen-prodigy doctor on Doogie Howser M.D., and has been delighting audiences ever since.

 His numerous credits include film, television and Broadway, as well as hosting both the Tonys (for which he won an Emmy) and the Oscars.

David Burtka

 

On the set of popular sitcom How I Met Your Mother, in which he played the womanizing Barney Stinson, Harris fell in love with a guest star, David Burtka, prompting the star to come out of the closet in a People magazine interview in 2006.

  Five years later, following the passage of New York’s Marriage Equality Act, the pair wed in an intimate ceremony in Italy capped by a performance by their good friend Elton John, according to TopTenRealEstateDeals.com

 

Elton John

 The couple remained in Los Angeles until How I Met Your Mother concluded, moving with their twin sons, Harper and Gideon, to a gorgeous five-story Harlem brownstone in 2013  

 

Trace Lehnhoff

Completely renovated by interior designer Trace Lehnhoff and award-winning architect Jeffery Povero under the couple’s direction, the 8,000-square-foot 5th Avenue residence was listed for sale at $7.325 million and, according to the New York Post.

 

Jeffery Povero 

 It has now sold for just over $7.1 million - setting a new record for the neighborhood. 

  A truly unique space, the five-bedroom, six-bath townhouse features soaring 12’ ceilings, light-filled spaces, gorgeous original woodwork, beautifully restored interiors, and top-of-the-line appliances. 

 David Burtka is a Le Cordon Bleu-trained professional chef, and the mansion’s kitchen does not disappoint, featuring a massive island countertop with a farmhouse sink, two six-burner Wolf ranges, a Sub Zero refrigerator/freezer, separate beverage refrigerator, wine refrigerator and an oversized pantry.

 

Apollo Theater, Harlem, New York City

Beautiful glass doors open onto an outdoor deck with built-in grill and city views for intimate gatherings, while the larger roof deck, also with a built-in grill, has room for guests beneath wood-pergola shading.

 A vintage bar sourced from an old hotel and brought up to date with new plumbing and fixtures provides a distinctive location for entertaining.

 

The primary bedroom is expansive with a gas fireplace (one of three throughout the home) and a massive walk-in closet as well as its own outdoor terrace with a jacuzzi.

 The five-fixture bathroom is outfitted with Nero Marquina marble and a double vanity. An attached den/library offers a private place to relax. 

 Neil Patrick Harris left his personal touch on the home’s top-floor office, which opens via a secret door when the eyeball of a magician on a vintage poster is pressed.

 

A gorgeous terraced garden offers a chance to connect with nature in the middle of the city. A ten-seat theater, rec room, wine cellar, workshop and gym complete the exquisitely turned-out home. 

 Harlem, one of Manhattan’s most historic neighborhoods, was settled by the Dutch in 1658 and rose to cultural prominence as the site of the “Harlem Renaissance” of African-American artists in the 1920s.

  Nearby 125th Street, home of the famous Apollo Theater, is still a vibrant boulevard lined with shops, restaurants, and nightlife, while pocket parks throughout the neighborhood supply options for tranquil leisure. 

 CONTACT:

 

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

 

Photos: Courtesy Compass; Source: www.compass.com

Photo credit:  Courtesy of Victoria Shannon (August PR NY)

Source:  TopTenRealEstateDeals.com

Ware Malcomb promotes Andrès Galvis to Principal in Mexico City office

 

Andrès Galvis 

 MEXICO CITY, MEXICO – Ware Malcomb, an award-winning international design firm, announced that Andrès Galvis has been promoted to Principal in the firm’s Mexico City office.

In his new role, he is responsible for overall growth and management of the Mexico City and São Paulo offices, and all projects across Latin America.

Galvis joined Ware Malcomb in 2008, was promoted to Regional Manager in 2010, Director, Latin America in 2013 and Regional Director in 2021.

 Galvis has been vital for the international expansion of Ware Malcomb. In addition to offices in Mexico City and Sáo Paulo, his business development efforts have secured work for Ware Malcomb in numerous Latin America countries including Panama, Colombia, Peru, Ecuador, Guatemala and Costa Rica.

 The company has completed projects in over 20 countries, and recently opened its first office in South America located in São Paulo, Brazil.  

Matt Brady

“Since joining Ware Malcomb in 2008, Andrès has proven himself a trailblazer,” said Matt Brady, Executive Vice President for Ware Malcomb.

“He’s worked hard to expand Ware Malcomb in Latin America and has developed an excellent reputation in the region. In addition, he’s created a strong culture within his team and long-standing relationships with clients and industry partners.

"We appreciate his invaluable contributions and congratulate him on his promotion to Principal.”

Galvis holds a Bachelor of Science, Architecture from the University of Michigan.

CONTACTS:

 Rachel Devany

VP Public Relations

KCOMM for Ware Malcomb

rachel@kcomm.com

 

Maria Rodgers, PR & Communications Manager 949.660.9128

 mrodgers@waremalcomb.com

 

Maureen Bissonnette, Principal, Marketing, 949.660.9128

 mbissonnette@waremalcomb.com

 

 

 

Darren Tackett, Founder of The Tackett Team with RE/MAX Fine Properties, Closes Largest Home Sale of 2022 in Arizona for $28 Million

Darren Tackett

   

SCOTTSDALE, AZ– On June 1, 2022, Darren Tackett, founder of The Tackett Team with RE/MAX Fine Properties, closed the largest home sale of 2022 within the state of Arizona for $28.1 million. The buyer's name was not disclosed.

21264 North 113th Place, Scottsdale, AZ 85255 

The 21,000+ square foot Scottsdale estate – aptly named Altitude – is located on the most prominent peak in the prestigious Silverleaf community, sitting on nearly five acres with city and desert views from every room in the house. 

“There was no shortage of attention for this gorgeous property,” said  Tackett. “The property was only on the market for 28 days, which is not uncommon for non-luxury listings but unheard of for a property in this price range. 

"The demand for luxury living continues to be much higher than what is available so one-of-a-kind properties like these are selling quicker than ever.” 

Located at 21264 N 113th PL, Scottsdale, AZ 85255 and constructed by Mast Luxury Homes and designed by Dale Gardon in 2021, modern elegance meets raw desert beauty in this unique space. 

The privately gated, circular driveway provides a resort-style welcome that leads to a stunning mountain backdrop, complete w/an elevated, covered viewing tower to fully take in the McDowell Sonoran Preserve's majesty. 

Dale Gardon

Once inside, incredibly high ceilings  give way to three levels of living featuring imported natural stone, marble and quartzite. A custom entryway wine bar shines as a unique welcoming point into the eight ensuite bedrooms, 12 full baths and six half-baths, all of which have easy elevator access between floors.

 Fit for hosting the grandest of gatherings, with an open floor plan meant for mingling, natural light pours into the spacious kitchen, which features Subzero/Wolf appliances, including a Wolf Convection Steam Oven and 60" Wolf Range with two ovens. 

The double islands are topped with the finest Cristallo Natural Quartz imported from Italy and equipped with warm under-lighting to enhance the inviting environment. 

Remarkable modern lighting fixtures float above the breakfast and coffee bar and serve as stylish art pieces of their own throughout this Control4 smart home.

Opulent comfort is the theme in every room, including the family room, which boasts accordion folding windows overlooking the palatial pool deck; an exercise room with its steam shower and the yoga/art room with panoramic views;

Also: a cards and game room with two Subzero wine columns waiting for a collection fit to age and share throughout the years; and a theater with 4K projector and professional sound system. 

Tom Weiskopf-designed golf course

The Primary Suite features his and hers walk-in closets, an ensuite bathroom with Italian-imported Calcutta gold marble, double-sinks, a bidet, and his and hers water closets. 

While the guest casita ensures true privacy, with its own full kitchen and two ensuite bedrooms. There are also separate "in law" quarters with a full kitchen and ensuite bedroom, so the entire extended family can gather on a vacation of their own. 

Scottsdale, AZ condominiums file foto

Outside, three outdoor fire pits overlook the city of Scottsdale, even as far as the iconic Camelback Mountain in Phoenix. Two built-in grills befitted for large gatherings, an infinity-edge pool and spa. And the temperature-controlled 12-car garage is a car lover’s paradise. 

The Silverleaf community also boasts several astonishing amenities, including a Tom Weiskopf-designed golf course, expansive clubhouse and spa, and extensive walking and biking paths. 

 More information can be found about the home on the Multiple Listing Service Link:  https://www.flexmls.com/cgi-bin/mainmenu.cgi?cmd=url+other/run_public_link.html&public_link_tech_id=1oc4lu14nsxa&s=12&id=1&san=30109&cid=1. 

For more information or to receive listings from Darren Tackett and The Tackett Team, please visit www.TackettTeam.com or call 480.500.7678.

CONTACT: 

Kendra Riley

Dawning PR

kendra@dawningpr.com | 480.220.6051

Photos of the home taken by Jessica Peterson

Plaza Advisors brokers sale of Murdock Carrousel shopping center in Southwest Florida

Murdock Carrousel, a 139,478 square foot retail plaza
 in Port Charlotte, FL,  is shadow-anchored by Lowes

 

 PORT CHARLOTTE, FL -- Plaza Advisors is pleased to announce the sale of the Murdock Carrousel shopping center for an undisclosed price.

 The 139,478 square foot retail plaza is shadow anchored by Lowes and features Havertys Furniture and Office Depot. Strategic inline tenants include Five Guys, Aaron’s, Leslie’s Swimming Pool Supplies, Subway, Comcast Xfinity and Hear USA.

 Murdock Carrousel was 83.4% occupied and is situated on US 41 (Tamiami Trail) with a traffic count exceeding 51,000 AADTC. 

Jim Michalak

AGRE Murdock Owner, LLC was the seller of the asset. Murdock Owner, LLC, LLC acquired the center. 

Plaza Advisors represented the seller and was the only broker involved in the transaction.

 Plaza Advisors is a real estate brokerage firm that specializes in the disposition of retail properties throughout Florida. 

Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, servicing agents, life insurance companies, REITs, and money center banks. 

 CONTACT:

  Jim Michalak

Managing Partner

Plaza Advisors

www.plazadvisors.com

 

3412 Bay To Bay Boulevard

Tampa, FL 33629

813.837.1300 Ext. 1

Fax 831.2627

jim.michalak@plazadvisors.com