South Carolina's Kristie Anderson named Agent of the Year at National Real Estate Summi

Kristie Anderson and Lake Homes Realty CEO Glenn Phillips
 who recognized Anderson with the national real estate honor.  

  

Birmingham, AL– Kristie Anderson  of South Carolina has been a finalist for Agent of the Year from Lake Homes Realty for multiple years and came home with the top prize – the Splash Award.

The Splash Award is given to the company’s overall top-performing agent/agent of the year. Anderson is a lake real estate specialist who was born and raised on Lake Marion, South Carolina, where she specializes in lake real estate.  She also sells properties on Lake Moultrie.

Lake Homes Realty CEO Glenn Phillips recognized Anderson with the national real estate honor.  

"We have wonderful lake real estate agents across the country and I am still in awe of the honor,” said Anderson.  

“I’m honored, surprised, and thankful for winning this year’s Splash Award because it recognizes my relationships I have with my clients,” she says.

 “My philosophy is to help guide clients through the process of selling or buy a lake property and offer them local lake expertise,” she says.

Anderson joined Lake Homes Realty as an agent in 2015 with the encouragement of her husband Russell. Russell has joined Lake Homes Realty as an agent. The  couple have two children.

In addition to winning Agent of the Year, Anderson also received a “Big Wave Award” which is given to Lake Homes Realty agents selling between $10 million and $25 million in the past year.

 Lake Homes Realty offers lake real estate services in 34 states across the country. The Agent Summit took place from Oct. 10 to 12, 2023 in Birmingham, Alabama, where the company is headquartered. The awards were presented on Thursday, October 12 at 11 a.m.

 Kristie Anderson serves secretary on the Sumter MLS Board of REALTORS and will move into Vice President roll in 2024. Anderson has been attending the South Carolina REALTORS Leadership Academy in 2023 and will graduate on October 19. She acquired her real estate brokers license in 2022. 

. For more on Kristie Anderson and Lake Homes Realty, please visit  www.lakehomes.com.

 

CONTACT:

 

Bill Lang  

Director of Public Relations  

blang@lakehomes.com  

Office:  866-525-3466  

Cell:      205-218-3561   

500 Corporate Parkway, Suite 400  

Hoover, AL 35242  

www.LakeHomes.com  

www.Beach-Homes.com

The Nation’s Largest Lake-Focused Real Estate Brokerage 

 

Daum Commercial completes $16 million sale of 43,540 SF warehouse in Compton, CA

Elizabeth Capati

 COSTA MESA, CA – DAUM Commercial Real Estate Services has completed the sale of an industrial warehouse asset totaling 43,540 square feet in the South Bay submarket of Compton in Los Angeles County, California.

Anthony Bergeman, SIOR, an Executive Vice President and Principal at DAUM Commercial, represented the buyer, a private investor. The seller was represented by Jeff Smart and Elizabeth Capati of Colliers. The property at 1303 West Walnut Parkway in Compton sold for $16 million.

Anthony Bergeman

According to Bergeman, the team—part of DAUM’s Investment Division, based in Costa Mesa, California—leveraged their experience to overcome the challenges being felt in the current financing market to deliver a deal that was a win-win for the seller and buyer.

The South Bay market is in extremely high demand coupled with the very tight availability of properties for sale.

“The South Bay communities of Carson, Compton, Rancho Dominguez and Gardena are at the nexus of the huge population center of southern Los Angeles County.

The scarcity of new available space means investors looking for industrial property in this market need a well-connected broker to help identify and close on the deal,” comments Bergeman.

 “Though there has been a slowdown in deal volume thus far in 2023, the closing of this transaction bodes well for the rest of 2023 with CRE deal flows accelerating into 2024.”

 Jeff Smart

Though overall vacancy rates have increased since record lows in 2022, industrial asset vacancies in the South Bay area are still less than 4% in the Carson, Rancho Domiguez, and Compton subsections.

 Last-mile access to large populations continues to drive investor demand for well-located industrial space. 

According to Prologis research, e-commerce’s total share of consumer spend is expected to increase to 25% by 2025, which will continue to drive demand for warehouse space as e-commerce requires three times the logistics space compared to brick-and-mortar retail.

The property sits on 1.8 acres within a highly active industrial hub, and is located blocks away from the 91 Freeway, 20 minutes from LAX, and 30 minutes from the Ports of Long Beach and Los Angeles.

 

Long Beach, CA port

There are two drive-in loading areas and six dock-high doors with ample turning radius for 53-foot truck loading. The site has 93 parking spaces and a fenced yard.

New ownership plans to meet the needs of today’s last mile logistics users by removing the excess mezzanine office space and implementing extensive renovations to reduce and modernize the onsite office footprint.

CONTACTS:

Hanna Kokuashvili / Kiera Moran  
The Smart Agency, Inc.
(949) 438-6262 
hkokuashvili@thesmartagency.com

www.daumcommercial.com. 

JLL arranges $84 million in post-close acquisition financing for Azusa Industrial Center in Azusa, CA

FINANCED: Azusa Industrial Center,
Azusa, CA, has  received $84 million

                   in post-close acquisition financing  

 

LOS ANGELES, CA  –  JLL Capital Markets   a three-building industrial park totaling 432,500 square feet located in Azusa, California has arranged $84 million in post-close acquisition financing for Azusa Industrial Center.

 

Jace Bertges

JLL worked on behalf of the borrower, IDS Real Estate Group, to secure the four-year, floating-rate loan through PGIM Real Estate’s debt fund focused on transitional bridge lending.

 The PGIM Real Estate team was led by Vice President Jace Bertges.

The JLL Capital Markets team was led by Managing Director Matt Stewart, Associate Ace Sudah and Analyst Daniel Skerrett.

 

“

Matt Stewart

Despite continued market volatility, we are finding there is ample liquidity for well-located infill industrial properties with strong fundamentals and institutional sponsorship,” said Stewart.

 Built between 1986 and 1987, this 432,500 square foot, three-building industrial property is 100% leased to four tenants and features institutional-grade industrial specs. 

Spanning 23.6 acres, the Property features a total of 73 dock doors, seven grade-level doors, truck courts ranging from 130 to 160 feet, and clear heights ranging from 24 to 30 feet.

 

Ace Sudah

Azusa Industrial Center offers a ground-zero industria logistics location with close access to Southern California’s robust freeway network, located minutes from the I-210 and I-605 Freeways. 

The Property is also located near other key nodes of transit, such as Ontario International Airport, the Los Angeles & Long Beach Ports, and Los Angeles International Airport.

 

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

Daniel Skerrett

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, please visit JLL’s newsroom.

 

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

 

Contact: 

Alli Semans,

 Public Relations, Associate

Phone: +1 330 329 6750

Email: Alli.Semans@jll.com

 jll.com.

pgimrealestate.com.

The Courtland Grand Hotel Joins Trademark Collection by Wyndham

  

The Courtland Grand Hotel Joins
 Trademark Collection by Wyndham

ATLANTA, GA, Oct.12, 2023 – Officials of the 763-room Courtland Grand Hotel today announced that the property has joined the Trademark Collection by Wyndham. 

 Operated by HEI Hotel & Resorts, a leading hospitality investment and management company, the former Sheraton hotel immediately joins Wyndham Rewards, the award-winning hotel rewards program with more than 100 million enrolled members, as well as the company’s reservation system.

Trademark Collection by Wyndham is geared toward three- and four-star hoteliers looking to tap into the scale and resources of Wyndham while maintaining their hotels’ independent spirit.

Today, the brand includes more than 185 hotels in nearly 25 countries, including top destinations like Atlanta, San Francisco, Las Vegas, Montreal, Berlin, Zurich, Athens and Istanbul, among others.

Marilyn Yelle

“Joining the Trademark Collection by Wyndham affords us the best of all worlds, allowing the Courtland Grand Hotel to retain its independent allure while providing access to brand tools that ultimately benefit our guests,” said Marilyn Yelle, director of sales and marketing for the hotel. 

“Having operated this hotel since 2017, we see the affiliation as both a celebration of our independence and an important step toward our continued mission of providing unparalleled guest experiences. 

 "The move also allows us pay higher commissions to our third-party reservation partners and intermediaries, which we are confident will have further benefits to the hotel’s bottom line.”

Situated in downtown Atlanta at 165 Courtland Street NE, the hotel has maintained a four-star rating on TripAdvisor since 2016.

Contact:

 

 Chris Daly, media

 chris@dalygray.com

 (703) 864-5553

Owner-user acquires 10,000 SF freestanding retail building in San Diego, CA for $5.25 million

Dermatologist buys building at 4606 Mission Bay Drive
in San Diego, CA for $5.25 million.  

Chris Baumgart

SAN DIEGO, CA, Oct. 12, 2023 – JLL announced today that GK Dermatology and Med Spa has acquired a 10,000-square-foot freestanding retail building located at 4606 Mission Bay Drive in San Diego, California for $5.25 million.  GK Dermatology and Med Spa will use the building for its dermatology and med spa practice.

 

JLL’s Chris Baumgart, Steven Field and Bryan Cunningham represented the seller, SMP Realty, LLC, a local sewing machine business who will continue to operate out of their other San Diego locations.

Steven Field

 The buyer was represented by Ron Graves of Coldwell Banker Commercial.

 

"The sale reflects continued demand we see in the “Owner-User” ’market here in San Diego, where the cost to own is generally more favourable compared to leasing,” said Chris Baumgart, JLL Executive Vice President.

 

 “4606 Mission Bay Drive provides the buyer with a good retail location and access to the coastal communities in Pacific Beach and Mission Bay.

Ron Graves

4606 Mission Bay Drive is ideally located in the coastal community of Mission Bay with immediate access to Interstate 5. The property features adjacent lot used for expanded parking and has excellent street frontage.

 

 

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.mca-realty.com.

 

MCA Realty sells 69,000-SF multi-tenant industrial park in Seattle, WA area for $14 million

 SOLD: Spectrum Business Park, 
a 68,911-square-foot, six-building
  industrial park located at 1620-1720
 South 341st Place, Federal Way, WA 

 Seattle, WA, Oct. 12, 2023 – MCA Realty, a full-service real estate investment and management company based in Orange County, California, announces the sale of Spectrum Business Park, a 68,911-square-foot six-building industrial park located at 1620-1720 S 341st Place in Federal Way, Washington for $13.75 million to a private investor who was involved in a 1031 Exchange.

 

Andrew J. (Andy) Miller

Andy Miller and Matt McLennan of Kidder Matthews and Kyle Schipper of NAI Puget Sound Properties represented MCA Realty in this transaction. The buyer was represented by Earney Velton of JSH Properties.

Matt McLennan 

MCA Realty acquired the business park in September 2021.  The company spent about $500,000 in capital improvements which included new paint, parking lot improvements, roof/gutter upgrades, interior improvements, electrical upgrades, landscaping, and a new signage program.

Kyle Schipper 

“Throughout our ownership we were able to successfully execute our business plan, leasing up the property and increasing rents materially across the rent roll which in turn increased the value,” says Tyler Mattox, Principal at MCA Realty. 

Tyler Mattox

 “In the current investment environment, we are focused on acquiring properties and identifying opportunities where we are able to add value to the underlying real estate, by addressing operational and functional inefficiencies.”

Built in 1978, Spectrum Business Park is located between Seattle and Tacoma, with excellent freeway access to the diverse South Sound population. The property was 100 percent leased at the time of the sale.

Spectrum Business Park is the fifth property sold within the MCA Realty Industrial Growth Fund.

 

 

About MCA Realty

Jared Gordon

MCA Realty is a full-service real estate investment and management company specializing in commercial properties throughout the Western U.S.

 

The goal of the company is to identify real estate investment opportunities and execute value creation strategies that maximize returns to its investors.

Peter Cheng

 

MCA Realty's principals, Tyler Mattox, Jared Gordon, and Peter Cheng have successfully navigated a full spectrum of market conditions, and pride themselves on building and maintaining strong relationships with industry partners.

 

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.mca-realty.com.