Wednesday, June 7, 2023

Illustrated Properties Adds High-Volume Realtor Jill Stone to Jupiter, FL Office

 

Jill Stone 

Jupiter, FL, June 07, 2023 – Illustrated Properties continues to build out its team of high-powered luxury Realtors, adding Jill Stone as a Sales Associate in its Jupiter office.

  Stone brings over 10 years of real estate knowledge and experience to the firm as a $20 million producer.

 

Stone began her career as a Realtor in Western Massachusetts in 2014. After moving to Florida, she spent two years expanding her local knowledge as a Senior Real Estate Advisor with Compass, specializing in luxury real estate.

 

In her new role, Stone will be creating her own real estate group named Stone & Co. and continue to focus on luxury real estate as an agent, relocation specialist, consultant and advisor to her many clients.

 

Daniel Dennis

"Jill brings immense energy as a realtor and we are excited to welcome her to our Jupiter office," Illustrated President Daniel Dennis said. "We look forward to assisting her continued success with our industry-leading real estate tools and technology."

 

Stone is an active member of the National Association of Realtors and was named a Top Jupiter Agent in Top Agent Magazine in Aug 2022. She received her bachelor's degree from the University of Massachusetts Amherst.

 

Illustrated's Jupiter office is located at 300 W Indiantown Rd, Jupiter, FL 33458.

 

  

CONTACTS:

Eric Kalis and Daniel Benjamin,

 BoardroomPR

ekalis@boardroompr.com

dbenjamin@boardroompr.com

954-370-8999

 ipre.com.

 

Tom Sullivan joins JLL’s Boston Capital Markets team

 

Tom Sullivan

BOSTON, MA, June 7, 2023 -JLL Capital Markets announced it has hired Tom Sullivan as a Senior Managing Director in its Boston office. Sullivan, who will be part of the Capital Markets group, will focus on debt and equity advisory transactions throughout the Northeast.

 

Sullivan joins JLL from a global commercial real estate firm where he spent the last six years building and leading the structured finance advisory group for its New England region.

 

 During this time, he successfully advised on more than $3 billion in debt and equity transactions for institutional clients, as well as regional/local operators and developers.

 

Prior to his tenure there, Sullivan spent 14 years as a lender working on heavily structured CMBS, mezzanine and balance sheet loans with a focus on the Mid-Atlantic through New England corridor.

 

Sullivan has handled more than $12 billion of debt and equity transactions across all asset types during his career, including multi-housing, industrial, office/biotech, retail and development sites/land.


Brett Paulsrud

“In today’s environment, our clients are relying on us more than ever for expert advice in navigating the capital markets space,” said Brett Paulsrud, Senior Managing Director and co-lead of JLL’s Boston Capital Markets team.

 

“We’re thrilled to onboard Tom, who is an industry veteran with a varied background from both the lending and intermediary aspects of the business. Tom will undoubtedly be an immediate value-add to JLL as a firm and our client-base.”


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

 

Contact


Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com

 

Seth Heikkila returns to JLL Capital Markets’ multi-housing team in the Seattle,WA office

 

Seth Heikkila

SEATTLE, WA, June 7, 2023 –  JLL Capital Markets announced today that Seth Heikkila has re-joined the firm’s multi-housing team as a Senior Director in the Seattle office.

 

He will focus on multi-housing debt advisory.

 

"We are thrilled to welcome Seth to our team," said Tom Wilson, Senior Managing Director with JLL Capital Markets and co-head of the Seattle office. 

 

"His exceptional reputation in the market and proven track record of success makes him a valuable addition to our organization. We are confident that his expertise and dedication will help us continue to provide the highest level of service to our clients."


Tom Wilson


Heikkila spent nine years with JLL from 2010 to 2019, serving as both Vice President of multi-housing investment sales and Senior Vice President of Capital Markets with JLL. 


Most recently, he worked for Institutional Property Advisors as a first Vice President of Capital Markets.

 

He brings in robust knowledge in the multi-housing debt advisory space with over 20 years of industry experience. Additionally, from 2017 to 2022, he executed over $2.6B in multi-housing financings.

 

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 and sales 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.

 

Contact


Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com

 

JLL Capital Markets arranges financing for the brand-new multi-housing asset at 250 N. Crescent Drive and the 99-percent-leased, Class A mixed-use asset at 9440 Santa Monica Boulevard in Beverly Hills, CA

 

Alethia Halamandaris

 LOS ANGELES, CA – JLL Capital Markets has arranged financing for two trophy assets in Beverly Hills, California.

250 North Crescent Drive,  Beverly Hills, CA

JLL secured the senior notes with Wintrust Financial for 9440 Santa Monica Blvd., an approximately 92,000-square-foot, trophy, mixed-use building, and a newly constructed ultra-luxury apartment building located at 250 North Crescent Drive. Both assets are located in the famed Beverly Hills “Golden Triangle.”

Jalynn Borders

JLL worked on behalf of Maxxam Enterprises to secure the financing with Chicago-based Wintrust Financial Corporation.

 

The two transactions demonstrate Wintrust’s objective to expand their footprint in California, and Maxxam’s continued strategy to own, operate and develop best-in class assets across various product types.


Brenton Norman

“Fantastic to partner with the team at Maxxam on these two exceptional properties. Wintrust is excited to continue expanding on this great relationship and to grow our footprint in Southern California,” said Brenton Norman of Wintrust.

 

The JLL Capital Markets Debt Advisory team representing Maxxam was led by Senior Director Matt Stewart, Director Alethia Halamandaris and Analyst Jalynn Borders.

 

“In today’s market, debt is no longer a commodity, but rather a strategic partnership. These two transactions between Maxxam Enterprises and Wintrust represent the resilience of such a partnership in the midst of the current market volatility,” Stewart said.


9440 Santa Monica Boulevard, Beverly Hills, CA

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

 

Matt Stewart

 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 and sales 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.

 

Contact


Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com

 

JLL Capital Markets secures $97 million financing for the 267-unit Vinty multi-housing development in Elizabeth, NJ

Vinty, a 267-unit, Class A, mixed-use development
in Elizabeth, NJ
 

 ELIZABETH, NJ  JLL Capital Markets has secured the $97.25 million financing for Vinty, a 267-unit, Class A, mixed-use development in Elizabeth, New Jersey.

 

JLL worked on behalf of the borrower, LeCesse Development Corporation and MAS Development Group, to secure the two-year, senior floating-rate loan through an entity managed by Argentic Investment Management LLC (“Argentic”).


Michael Klein
The JLL Capital Markets Debt Advisory Team was led by Senior Managing Directors Michael Klein and Steven Klein, Director Gerard Quinn and Analyst Benjamin Morgenthal.

 

“Vinty represents the first phase of a transformational placemaking community for downtown Elizabeth.  Residents, businesses owners and the overall city will benefit from the vision and sense of community that MAS Development and LeCesse Development have created at Vinty for years to come,” said Michael Klein

 

 Delivered in 2022, Vinty consists of studio, one- and two-bedroom units, as well as 32,272 square feet of ground-floor retail and commercial space. 


Steven Klein
The Property offers a community amenity package, including a fitness center, yoga/cycling studio, resort-style pool, outdoor summer kitchen, outdoor theater, community lounge, a golf simulator, dog park, co-working zone and more.

 

The interior unit finishes feature quartz countertops, stainless steel appliances, in-unit washers and dryers, wood-style plank flooring and large walk-in closets and bathrooms.

 

The commercial space includes a 3,315-square-foot sous vide food hall, a high-end private office/co-working space and a Northfield Bank branch.

 

Located within an Opportunity Zone, Vinty sits at 100 Union Street, directly across the street from the New Jersey Transit Elizabeth Station.

 

Gerard Quinn 

Two New Jersey Transit lines, the Northeast Corridor and North Jersey Coast Line, converge in Elizabeth to allow for superior accessibility to major employment hubs throughout New Jersey, as well as New York Penn Station.

 

 The property provides walkability to Broad Street and Morris Avenue, Elizabeth’s main downtown corridors, as well as nearby employment opportunities at Union County College, Trinitas Regional Medical Center, the Union County courthouse and more.

 

Additionally, it is just four miles from Cranford and Westfield which features charming downtown areas with a variety of shops, boutiques and restaurants. 


Benjamin Morgenthal
“Argentic quickly recognized the quality of product, including the spaciously appointed units, the abundance of community amenities and the connectivity between the residential and commercial spaces, that the borrower has created. 

 

"Argentic was able to provide a highly competitive deal structure that will allow MAS and LeCesse to continue to season the property,” said Steven Klein.

 

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 and sales 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.

 

Contact


Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com

 

DONE DEALS SPECIAL: Pet Owners Prepared to Pay a $4,508 Premium to Rent With Their Pets.

 

Chris Heller 

                        SURVEY HIGHLIGHTS:

·       82% of pet owners would be willing to pay an additional fee to keep them.

·       Half of renters are put off pet ownership due to the challenges they would have keeping them. 

·       Interactive map included.

PORTLAND, OR -- Rental Ruff: Having a pet, and renting a property, poses challenges. Landlords are often reluctant to allow them – barking, shredded cushions, scratched furniture being some of the reasons. 

Renters have it tough enough as it is, with landlords always having the upper hand in the situation, so it seems a shame that pets are often not made to feel welcome in a rented property.

A survey of 3,000 pet-owning tenants by AgentAdvice.com has revealed the extent to which they are prepared to pay to live with their pets.

The survey found that 82% of pet owners would be willing to pay an additional fee to keep their furry friend in the rental property with them. 

The average pet-owning renter would be prepared to pay a whopping $4,508 annually to live with their pet!

However, the study also revealed that a signficiant proportion want the best of both worlds - that is - to continue living with their pets, but not having to pay any premium in order to do so.

 AgentAdvice.com discovered that 18% of pet-owning renters admit to not disclosing this to their landlords (equating to 7,747,601 illegal pets) - that’s a lot of barking to try and cough over, or scratched table legs to try and cover up.

The guiltiest pet owners are in Vermont, with the percentage of households hiding illegal pets reaching 50%, or 36,791 furry friends. The most law-abiding pet-owning renters live in Indiana, where the figure is just 4%, or 32,400 pets.

Infographic with study results (click on 'embed' to host map on your site)

The research also revealed that two thirds thought it was fair for landlords to ask tenants to leave the property if it turned out they had pets which were not permitted.

But sadly, the challenge of finding a rental property which allows pets discourages 58% of people from getting a pet if they are renters.

"Caring for a pet is a responsibility that requires commitment and dedication, yet the current rental market often makes it challenging for pet owners to find suitable and affordable accommodations. Discriminatory pet policies and limited pet-friendly options not only place an undue burden on renters, but also deny them the joy and companionship that pets bring to their lives." says Chris Heller of AgentAdvice.com.

AgentAdvice.com have provided four tips for convincing your landlord to allow you to have a pet in your rental:


1. Talk to Your Landlord

Getting permission to have a pet as a renter can be difficult as landlords may include a "No Pets" clause in the lease to maintain control over how many pets are in their properties.

However, if you have a good relationship with your landlord and are a responsible tenant, you may be able to persuade them to allow a pet. Providing documentation on your prospective pet's health history and training plans can strengthen your case.

Many landlords will make exceptions for excellent tenants who are positive contributors to the rental community.

2. Be Flexible

To convince your landlord to allow a pet in your rental, it's important to be flexible with your pet choices. Many landlords have restrictions on the type or size of pets allowed due to noise or potential damage.

If your landlord approves a pet with certain restrictions, consider being more selective in your choice of pet. However, if you have a good relationship with your landlord, it's possible they may make exceptions for a responsible and reliable tenant.

So don't be afraid to have a conversation about the possibility of bringing in a larger pet.

3. Providing Documentation

If you're a pet owner looking to move into a new rental property, providing additional documentation can help show your landlord that you're a responsible pet owner.

 This may include a letter from your current landlord, vet records, training records, and spay/neuter records.

 By demonstrating that your pet is well-behaved and non-disruptive, you can alleviate any concerns your landlord may have about potential property damage or disturbance to other renters.

4. Offer to Pay More

To convince your landlord to allow a pet, offering to pay extra in the form of a deposit or monthly charge can show that you are committed to being a responsible pet owner.

While some pet-friendly rentals have upfront policies regarding deposits or rent surcharges, it's possible to convince some landlords who don't allow pets to make exceptions if you offer to pay extra. However, pet deposits can be expensive, so be sure to have the necessary budget before making the offer.

 

CONTACTS:

Anna Bristow 

info@apricotcontent.com

3415 NE 25th Avenue,

 Portland, OR 97212

AgentAdvice.com