Shopping Center in Hialeah, FL Sells for $11 Million in Deal Brokered by Marcus & Millichap

Drew A. Kristol

HIALEAH, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has arranged the sale of the Ready Shopping Center, a 60,938-square-foot, two-story shopping center in Hialeah, Fla. 

The $11 million sales price equates to $181 per square foot.

            Drew A. Kristol and Kirk D. Olson, vice presidents investments in Marcus & Millichap’s Miami office, represented the seller, a Hialeah-based limited partnership. Adrian Gonzalez, of Miami Gables Realty, represented the buyer, a private investment group based in Miami.

“This multi-tenant retail asset is located on the corner of two of Hialeah’s most heavily travelled corridors, West 12th Avenue and West 37th Street,” says Olson. “The buyer had been targeting this area of West Hialeah as a strategic acquisitions submarket due to its strong population density and high traffic counts.”

The property is a two-story shopping center composed primarily of small, local tenants and was 91 percent occupied at the time of the sale. AutoZone and Region’s Bank, which were not a part of the offering, are outparcels to the center. Other retailers in the immediate area include Sedano’s, Navarro Discount Pharmacy, Chevron, Shell and Jiffy Lube.

For a complete copy of the company’s news release, please contact:

Gina Relva

Public Relations Manager

(925) 953-1716

HFF arranges equity and construction financing for core office development in Denver’s central business district

1144 Fifteenth Tower rendering, Downtown Denver, CO

DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged and closed joint venture equity and construction financing for the development of 1144 Fifteenth, a Class A, 662,000-square-foot office tower to be built in downtown Denver’s central business district.

Mary Sullivan

HFF worked on behalf of the borrower, Hines, to secure the 50 percent-of-cost, four-year, interest-only loan through a national bank. 

1144 Fifteenth is located at the corner of 15th and Lawrence Streets adjacent to the Four Seasons Hotel and Private Residences in Denver’s central business district within the Midtown West submarket. 

 It is one block away from Larimer Square and the 16th Street Mall, as well the 16th Street Free Mallride allowing tenants access to Union Station, The Capital and multiple light rail stops throughout the metro.

 The 0.9 acre site was used for surface parking prior to the development breaking ground in May.  Due for completion in January 2018, the 40-story property will feature 27 stories of office space totaling 656,000 square feet, 6,000 square feet of ground floor retail and 13 stories of parking (two below grade and 11 above grade). 

The building’s shell and core is Pre-Certified LEED Gold by the US Green Building Council.  Building amenities will include a two-story lobby, mezzanine level collaboration-style great room overlooking Skyline Park, 14th and 40th floor outdoor terraces, a 5,000-square-foot fitness center and a full-service car wash in the garage.   

John Jugl

The HFF debt and equity placement team was led by senior managing directors Mary Sullivan, John Jugl and Eric Tupler along with executive managing director Scott Galloway and associate director Leon McBroom.

“1144 Fifteenth will be the premier asset in Denver when completed and it will be the core office tower delivered in the last three decades,” said Jugl.  “Given the office space starts on the 14th floor, tenants will have incredible unobstructed views of the Rocky Mountains and the city.

“Based on the development restrictions of surrounding properties, these views should remain unobstructed for the life of the project.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.hines.com.

NAI Realvest Negotiates Lease for 9,100 Square Feet at Orange County Industrial Yard in Zellwood, FL

Tom R. Kelley II

ORLANDO, Fla. --- NAI Realvest recently completed a new lease agreement for 9,100 rentable square feet of industrial space at 5551 W. Ponkan Rd. in Zellwood.

Tom R. Kelley II, CCIM, principal at NAI Realvest and associate Chris Adams, negotiated the transaction on behalf of tenant, Orlando-based TRC America, a demolition and deconstruction services firm. 

The landlord, Zellwood Fruit Distributors, Inc. based in Altamonte Springs was represented in the transaction by Jason G. Toll, director of the Industrial Services Group at NAI Realvest.    

For a complete copy of the company’s news release, please contact:

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com

$18 Million Office Building Sale in Palm Beach Gardens, FL Brokered and Financed by Marcus & Millichap

TBC Corp.-Leased Building, Palm Beach Gardens, FL

Britt Raymond

PALM BEACH GARDENS, FL, June 11, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a three-story office building in Palm Beach Gardens, Fla. triple-net leased by the TBC Corp.

The building serves as TBC’s corporate headquarters. The $18 million sales price equates to $405 per square foot. 

Marcus & Millichap Capital Corp. (MMCC) arranged $9.2 million in financing for the purchase.

Preet Sabharwal and Britt Raymond in Marcus & Millichap’s Manhattan office represented the seller.

Marco Lala and Steven Siegel, also in the firm’s Manhattan office, procured the buyer. 

Christopher Marks in MMCC’s Manhattan office arranged the debt placement, which was structured with a 10-year fixed term at 4.15 percent on a 25-year amortization schedule at 51 percent loan-to-value. The loan was nonrecourse with no prepayment penalty in event of a sale.

Preet Sabhaarwal

“The lease carries a corporate guarantee from TBC Corp., the wholly owned and largest subsidiary of Sumitomo Corp., one of Japan’s largest conglomerates,” says Raymond.

The building is located off Interstate 95 on PGA Boulevard in Palm Beach Gardens. The area is home to more than million square feet of office and headquarters space and tenants such as Merrill Lynch, Walgreens, Fidelity Investments, Huntington National Bank, and Allstate Corp. 

Neighboring retail tenants include Chanel, MAC, AT&T, Whole Foods, State Farm, Marriott International Inc., Petco, Toys R Us, and Best Buy.       

The 44,415-square-foot building was built in 2007 and renovated to become TBC Corp.’s headquarters in 2009.

Kirk Felici, first vice president and district manager in Marcus & Millichap’s Miami office is the firm’s Florida broker of record.

For a complete copy of the company’s news release, please contact:

Gina Relva

Public Relations Manager

(925) 953-1716

$12 Million Net-Leased Nassau County Bank of America Sold by Marcus & Millichap

Bank of Aamerica Branch Office, Syosset, NY

SYOSSET, NY, June 11, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has arranged the sale of a 4,467-square-foot, single-tenant, net-leased Bank of America branch near Long Island’s North Shore in Syosset, N.Y.

Scott Plasky

 The $12 million sales price equates to $2,686 per square foot.

            Scott Plasky in Marcus & Millichap’s Manhattan office represented the seller, a private investor.

“Net-leased assets of this quality in the affluent parts of Nassau County rarely trade hands,” says Plasky. 

“The offering’s combination of zero management, great location, ‘A’-rated-tenant, lease with 16 years remaining, and bank with huge deposits generated strong activity and a premium price.”

            The property is located on the corner of Jericho Turnpike and Oyster Bay Road at 378 Jericho Turnpike in Syosset. Both Jericho Turnpike and Oyster Bay Road are five-lane roads. 

The property shares cross easements with the Syosset Center, a high-end neighborhood shopping center anchored by Verizon and an urgent care facility. Nearby retailers include Starbucks, Dunkin Donuts, King Kullen, Chase Bank, Panera Bread, Chipotle, Marshalls, HomeGoods and Petco.

The building is on a 28,433-square-foot corner lot with a double drive-thru and parking for 48 cars.

For a complete copy of the company’s news release, please contact:

Gina Relva

Public Relations Manager

(925) 953-1716

$21.05 Million New Haven County Multifamily Sale Arranged by IPA

Stony Brook Village Apartments, 140 Mill Street, East New Haven, CT

Victor Nolletti

EAST HAVEN, CT, June 11, 2015 – Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce the sale of Stony Brook Village, a 165-unit luxury apartment community in suburban East Haven, Conn.

 The $21.05 million sales price equates to $127,500 per unit.

            IPA executive directors Steve Witten and Victor Nolletti, and Marcus & Millichap associate Wes Klockner were the sole brokers in the transaction. The seller is HP Stony Brook LLC and the buyer is Par Stony Brook LLC.

            “Stony Brook Village is a transit-oriented multifamily asset in a suburban location that offers the new owner a value-add opportunity through the implementation of a modest renovation program,” says Witten.

            “Situated in a quiet, wooded, country setting at 140 Mill St. in East Haven, the property is on a Connecticut Transit bus line, two miles from interstates 91 and 95, and five miles from the New Haven Metro-North Railroad station and Tweed New Haven Regional Airport,” adds Nolletti.

Steve Witten

There are eight colleges and universities within 20 minutes of the community, including Yale University, Southern Connecticut State University, Gateway Community College and Quinnipiac University. 

The property borders the Foxon Road retail corridor, which includes a recently opened ShopRite supermarket that is within walking distance.

            Apartment Homes at Stony Brook Village average 980 square feet and 70 percent have two bathrooms. 

The open floor plans feature ‘euro-style’ kitchens, separate dining areas with natural light, wall-to-wall carpeting, full-size washer and dryer connections, private balcony area or patio, six-panel doors and large walk-in closets with organizers.

Community amenities include a fitness center and swimming pool with sundeck area; a resident clubhouse with community room, business area, and library; a leasing center with private offices, and a designated dog walk and exercise area.

For a complete copy of the company’s news release, please contact:

Gina Relva

 Public Relations Manager

(925) 953-1716

IPA Arranges Sale of Tacara at Westover Hills in San Antonio, TX

Tacara at Westover Hills apartments, San Antonio, TX

Will Balthrope

SAN ANTONIO, TX, June 11, 2015 – Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce the sale of Tacara at Westover Hills, a 312-unit apartment community in San Antonio. The terms of the sale were not released.

            IPA executive director Will Balthrope, IPA director Drew Kile and Marcus & Millichap associate Rowan Burch advised the seller, and procured the buyer, Fort Worth-based Olympus Property.

            “The property is a recently constructed, top-of-the-market multifamily asset located in Westover Hills, which is one of the nation’s premier master-planned developments and one of the fastest-growing submarkets in San Antonio,” says Balthrope.

            Constructed in 2014 on 13.4 acres, the community is located at 8543 State Highway 151 in San Antonio, less than one-half mile from the intersection of State Highway 151 and Loop 410. Westover Marketplace, a 600,000-square-foot shopping center, is within walking distance.

Nearby employment centers include the JPMorgan Chase operations center, the Microsoft San Antonio data center, QVC, Maxim Integrated, Northwest Vista College, SeaWorld, Petco, and the Texas Cryptology Center. The area is also home to the newly opened, 150-bed Christus Santa Rosa Hospital.

Drew Kile

            Tacara at Westover Hills’s apartment homes feature keyless home entry, stainless steel-finished GE appliances, granite countertops and under-mounted sinks in the kitchens and bathrooms, garden-style tubs and oversized patios and balconies.

Community amenities include limited-access entry gates, a 24-hour-access fitness center, a resort-style pool with sundeck, a gourmet-style “iron chef” presentation kitchen, outdoor lounge areas with fire pits and fireplaces, spa-style tanning booths, a dog park and an electric car charging station.

For a complete copy of the company’s news release, please contact:

Gina Relva

 Public Relations Manager

(925) 953-1716

Stepp Commercial Completes $2,525,000 Sale of Apartment/Retail Property in Long Beach, CA

Orange & 10th Street Apartments, 1003 Orange Avenue, Long Beach, CA

Robert Stepp

LONG BEACH, CA, June 11, 2015 – Stepp Commercial, the leading multifamily brokerage firm in the Long Beach market, has completed the $2,525,000 sale of a 15,714-square-foot mixed-use property located at 1003 Orange Ave. adjacent to Downtown Long Beach.

 The property includes 18 apartment units on the second and third floors, six fully occupied retail spaces on the ground floor, and an adjacent 21-space parking lot.

Robert Stepp, principal with Stepp Commercial, represented the seller, Orange & 10th LLC. The buyer, Lunar Bear III LLC was represented by Matt Pernice of NR Real Estate Brokers. The property closed at a 6.74 percent cap rate and $161 per-square-foot.

Built in the early 1930s, 1003 Orange Ave. includes 10 studio units and eight one-bedroom units, and the retail portion includes five tenants and one vacant space.

“This asset offered solid in-place cash flow and sold to a buyer/broker who has had a good experience purchasing several properties from Stepp Commercial in the past,” said Stepp. 

“The buyer has plans for a possible billboard on the roof top of the property to take advantage of the signalized corner lot exposure and could potentially add value in the future by developing the parking lot.”

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

949.278.6224

www.SteppCommercial.com

Chicago’s Morningside Group Wins 2015 Project Vision Award from Urban Land Institute

               

David Strosberg

CHICAGO, IL, June 11, 2015 – Chicago-based Morningside Equities Group, Inc. was the recipient of a Project Vision Award from the Chicago Urban Land Institute (ULI) at its fourth annual event on Tuesday, June 3rd.

The firm earned the award for its development of Wheaton 121, a 306-unit luxury rental community located in downtown Wheaton, Ill. The new-construction development was completed in 2014.

One of the Chicago real estate industry’s most respected awards, the Vision Awards recognize work that uses creative development practices, inventive partnerships, imaginative problem solving, and visionary ideas contributing to the growth of vibrant communities.

“This Vision Award is an incredible honor for us, and we are so proud to be recognized for the work our team and partners did in developing Wheaton 121,” said David Strosberg, president and managing principal of Chicago-based Morningside Group.

“It’s been our firm’s philosophy over the past 22 years that a collaborative approach is what garners the best results. That’s why we don’t say we’re in the real estate industry; rather we’re in the community-building industry.”

For a complete copy of the company’s news release, please contact:

 Vanessa Irving, virving@taylorjohnson.com, 312-267-4525

Kim Manning, kmanning@taylorjohnson.com, 312-267-4527

BOMA’s Southern Region Building of the year, 355 Alhambra in Coral Gables, FL, Awarded USGBC Leed Recertification

355 Alhambra, Coral Gables, FL

Marlene Diaz

MIAMI, FL, June 11, 2015 –       Taylor & Mathis of Florida and AEW Capital Management, L.P. announced today that 355 Alhambra located in downtown Coral Gables received Leadership in Energy and Environmental Design (LEED) Silver Recertification, the U.S. Green Building Council’s (USGBC) leading-edge system for designing and constructing a sustainable, energy-efficient and high-performance building.

 Green building strategies offer tangible ways for companies to improve their work environment and minimize their environmental impact while strengthening the bottom line.

355 Alhambra is owned by AEW Capital Management (AEW) on behalf of one of its institutional clients and is managed by Taylor & Mathis of Florida.  

The property has been named Outstanding Office Building of the Year from 2005 to 2015 by the Building Owners and Managers Association (BOMA) of Miami-Dade, and in 2013/2015 by the BOMA Southern Region.

“355 Alhambra has very strong ownership in AEW, a firm that is committed to the community, the environment and to maintaining its properties at their optimum level of performance,” stated Taylor & Mathis Director of Operations, Marlene Diaz.

Lisa Mitchell

 “Lisa Mitchell, the property manager at 355 along with her staff, have been able to achieve with these goals and objectives and their commitment to excellence has surpassed expectations.

“Achieving the LEED Recertification was of no surprise to those that are familiar with the ownership, and staff of this location, as they are an amazing group of professionals and an example to the commercial real-estate sector.  

"This will be added to their long list of recognitions and achievements.”

For a complete copy of the company’s news release, please contact:

Marlene Diaz, Taylor & Mathis

(305)267-8062

mdiaz@taylormathis.com

www.355alhambra.com

HFF closes sale of and arranges financing for A&P-anchored retail center in northern New Jersey

55-75 Mayhill Street, Saddle Brook, NJ

 

Jose Cruz

FLORHAM PARK, NJ, June 11, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and arranged acquisition financing for a two-building neighborhood shopping center located at 55-75 Mayhill Street in Saddle Brook, New Jersey.

HFF marketed the property on behalf of the seller.  Vision Real Estate Partners purchased the asset. 

Additionally, HFF worked on behalf of the new owner to secure the acquisition financing through Oritani Bank.

The 119,000-square-foot center is anchored by a 62,000-square-foot A&P supermarket and is approved for an additional 12,000 square feet of retail space.  

The 12-acre site also has 45,000 square feet of near-term availability, which can be leased as a single unit or divided into multiple units. 

Constructed between 1998 and 2000, the site offers almost 800 parking spaces. It is situated between I-80 and the Garden State Parkway with visibility from Market Street in Saddle Brook and is less than 10 miles from the George Washington Bridge.  

Kevin O'Hearn

The population within a three-mile radius totals more than 252,000 with an average household income exceeding $75,000.

The HFF investment sales team representing the seller was led by senior managing director Jose Cruz, managing director Kevin O’Hearn and real estate analyst Robert Borny.

The HFF debt placement team representing the new owner was led by senior managing directors Jon Mikula and Jim Cadranell.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

HFF closes sale of and arranges acquisition financing for 100% leased office building in growing west Houston suburb

  

Mason Creek I, 21420 Merchants Way, Katy, TX

Robert Williamson

HOUSTON, TX, June 11, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and arranged acquisition financing for Mason Creek I, a two-story, LEED-certified, 135,716-square-foot office building in the west Houston suburb of Katy, Texas.

HFF marketed the property on behalf of the seller, a Boston-based institutional real estate advisor. Nicola Crosby Real Estate, a Canadian investor, purchased the asset for an undisclosed amount.  

HFF also worked on behalf of the buyer to secure the five-year, fixed-rate acquisition loan through Principal Real Estate Investors.  

Developed by Myers Crow & Saviers, Ltd., in 2013, Mason Creek I was the first office building to be developed within the 110-acre Mason Creek Corporate business park in Katy, about 30 miles west of Houston’s central business district.

The property is situated on a 10.8-acre site at 21420 Merchants Way and is fully leased on a net basis to GEICO, who selected Katy over other Texas cities and other areas in Houston as the location for its new regional claims processing center.

Jeffrey Hollinden

Mason Creek Corporate business park fronts Interstate 10 and is one exit from Texas 99 (The Grand Parkway), Houston’s new outer beltway providing access to numerous large master-planned residential areas.  

Myers Crow & Saviers just completed the development of Mason Creek II, a three-story, 127,000-square-foot office building and has plans for a third office building that will largely build-out the park.

The HFF investment sales team representing the seller was led by senior managing directors Robert Williamson, Jeff Hollinden, Dan Miller and Rusty Tamlyn.

HFF’s debt placement team led by director Cortney Cole represented the buyer/borrower.

“Mason Creek has benefited from the tremendous growth in the Katy area, not only in terms of population but office, retail, residential and commercial development as well,” said Williamson.  “Large national tenants such as GEICO are drawn to the area due to its unrivaled access to a highly educated labor pool and attractive residential communities with award winning school systems.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

HFF closes $12.1 million sale of The Lodge at Gainesville in Central Florida

The Lodge at Gainesville, 3726 SW 40th Boulevard, Gainesville, FL

ORLANDO, FL – June 11, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $12.1 million sale of The Lodge at Gainesville, a 208-room, select-service, independent hotel near the University of Florida in Gainesville.

Daniel C. Peek

HFF marketed the property on behalf of the seller.  CrossHarbor Capital Partners LLC purchased the offering free and clear of debt. 

 GF Management will continue to manage the hotel.  

Known for its nightly two-hour cocktail reception in its atrium, The Lodge at Gainesville caters to both business and leisure travelers. 

In 2014, the hotel received TripAdvisor’s Certificate of Excellence Award given to establishments that received outstanding traveler reviews on TripAdvisor, one of the world’s largest travel sites. 

Formerly branded as a Cabot Lodge, the three-story hotel features a fitness center, business center, 810 square feet of meeting space with audio and visual equipment, outdoor swimming pool and hot tub, barbeque grills and a complimentary continental breakfast buffet.

 Located at 3726 SW 40th Boulevard just off Interstate 75 in the heart of Gainesville’s largest retail corridor, the hotel provides guests access to the University of Florida, which is two miles east of the hotel; Shands Hospital and two new retail developments, Celebration Pointe and Butler Plaza North/Butler Plaza Towne Center, both within one mile of the hotel.

Michael Weinberg

The HFF investment sales team representing the seller was led by senior managing director and head of HFF’s hotel group Daniel C. Peek, director Michael Weinberg and real estate analysts Anthony Frogameni and Preston Reid.

”This asset had what many buyers are looking for from an investment profile perspective, considering it was a lender-owned asset, in a strong location and had brand-conversion potential,” Weinberg said.  “The sales process became extremely competitive prior to buyer selection.  Both buyer and seller were very professional and great to work with.”

“The Lodge represents a great opportunity for value-add hotel investors in the Gainesville market, one of the strongest university-centered markets in the U.S.,” Peek added.  “Investors were clearly attracted to the investment given the variety of execution alternatives and the underlying quality of the location.”

HFF’s Hotel Group has had particular success in closing hotel transactions in Florida including the recent sales of the Waldorf Astoria Naples (now Naples Grande Resort) and the Hilton Clearwater Beach Resort.  The firm also closed the sale of the La Playa Beach Resort in May.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.crossharborcapital.com.

HFF arranges $25 million refinancing for 99 Madison Avenue in Manhattan’s Midtown South office market

99 Madison Avenue, Manhattan,NY

NEW YORK, NY, June 11, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a $25 million refinancing for 99 Madison Avenue, a 124,382-square-foot office building in Manhattan.

Working on behalf of the borrower, Windsor Management, HFF placed the 15-year, fixed-rate loan with Voya Investment Management. 

99 Madison Avenue is located on the corner of East 29th and Madison Streets in Manhattan’s Midtown South office market.  

Originally built in 1915, the property features ground floor retail space with offices situated on the floors above.  99 Madison is fully leased to 12 tenants, the largest of which is HAB Bank, who leases all of the retail space and two floors of office space.

The HFF debt placement team representing the borrower was led by managing directors Steven Klein and Jonathan Rosner.  

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

HFF Washington, D.C. appoints Walter Coker and Brian Crivella to lead its Washington, D.C. Metro/Baltimore/Richmond multi-housing investment sales team

Walter Coker

 WASHINGTON, D.C. – Holliday Fenoglio Fowler, L.P. (HFF) announced  that veteran multi-housing transaction professionals, Walter Coker and Brian Crivella, will lead the Washington, D.C. Metro/Baltimore/Richmond multi-housing investment sales team for the firm. 

Coker and Crivella who have worked together for nearly a decade bring a significant level of multi-housing experience to the roles. 

 Since joining HFF in 2012, they have been involved in nearly $1 billion in equity joint ventures and capitalized close to $3 billion spread across 10,000 units. 

Their significant experience capitalizing projects throughout the region uniquely enables them to speak to the marketplace, clients and to all levels of the capital stack.  

“We are excited to promote Walter and Brian from within the organization as the two have demonstrated significant leadership and multi-housing equity experience since joining the firm.  We are excited to hit the ground running with what we believe is a seamless transition within the organization, a natural progression for these two talented individuals,” said Matthew Lawton, co-head of HFF’s national multi-housing team.

Brian Crivella

“We are honored to have the opportunity to take leadership roles within the organization and look forward to bringing the same level of service we have provided over the years to this platform within HFF,” Coker said.

“We are fortunate to have great clients and this new opportunity will allow us to expand the advisory services we offer them.  We feel this is a logical progression from our current business and appreciate the full support and trust the HFF platform has placed in us,” Crivella added.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com