MetroGroup Realty Finance Secures $50.3 Million in Financing for Two Office Assets Totaling 328,159 SF

  

Rendering of Office Building, Denver, CO

SAN ANTONIO, TX –– MetroGroup Realty Finance, a private commercial mortgage banking firm based in Newport Beach, CA, has successfully restructured the debt on an office building in Denver, CO and an office/flex building in San Antonio, TX. 

The new financing, which totals $50.3 million, was arranged by MetroGroup Realty Finance’s Vice President, Scott Botsford.

 “Office product in secondary markets throughout the U.S. continues to perform well, especially in high growth areas such as Texas and Colorado where job and economic growth are flourishing,” says Botsford.

“San Antonio is recognized as one of the most stable regional economies in the U.S. with unemployment rates at historic lows. In addition, the Denver metro has demonstrated consistent economic growth with unemployment rates hovering around 3.3 percent.”

According to a recent report by CBRE, the San Antonio office market experienced one of the largest declines in vacancy rates earlier this year. The Denver office market finished the third quarter of 2016 with a 12.3 percent vacancy rate, down 59 basis points from one year ago.

Chris Dornin

The sponsor, Dornin Investment Group, an institutional real estate investment firm actively buying office properties throughout the Western States, was eager to take advantage of a low interest rate environment and restructure the debt to provide future funding for leasing costs.  According to Botsford, Chris Dornin, President and CEO, selected MetroGroup Realty Finance based on its track record and creative approach to sourcing capital.

 

Botsford explains, “We took a unique approach to structuring the transactions in order to meet the sponsor’s overall needs. In both transactions, we recommended pairing a bridge loan and a mezzanine loan.

"In doing so we directed and guided the collaboration of two different capital sources, with no prior experience working together to provide one loan for our client. 

"This out-of-the-box approach allowed us to achieve the desired amount in equity repatriation for the partnership buyout, while at the same time securing a more competitive rate on behalf of the sponsor.”

In the first transaction, MetroGroup Realty Finance arranged a $29.9 million loan for Parkway Plaza, an 89,388 square-foot office/flex building in San Antonio, Texas. The loan included additional advances for tenant improvements and leasing commission. 

In the second transaction, MetroGroup arranged a $20.3 million loan on behalf of the same sponsor for Highland Place, a Class A, 138,771 square-foot office building in Denver, Colorado.  Both transactions were nonrecourse interest-only for three years with two one year options.

“Overall, these transactions demonstrate MetroGroup’s rich history in providing financing and structuring transactions that meet the investment objectives of our  lenders, while at the same time achieve the best terms for our clients,” adds Botsford.

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

Lexi Astfalk or Katie Kea

Brower, Miller & Cole

 (949) 955-7940

lastfalk@browermillercole.com

www.metrogroupfinance.com.

Jackmont Hospitality Inc. and Ludacris Open New Restaurant at Atlanta’s Hartsfield-Jackson International Airport

Chris 'Ludacris' Bridges

ATLANTA, GA – Jackmont Hospitality, Inc., in partnership with notable entertainer and restaurateur Chris ‘Ludacris’ Bridges, reveals Chicken+Beer, named for Ludacris’ third album, at Concourse D of Atlanta’s Hartsfield-Jackson International Airport.

The highly anticipated, 90-seat restaurant is Jackmont Hospitality, Inc.’s second independently developed concept at Hartsfield-Jackson International Airport following One Flew South which opened nearly a decade ago and became the first airport restaurant in the U.S. to be a contender for the prestigious James Beard Award.

Chicken+Beer serves Southern-style comfort food and locally sourced beers parallel an ambient cool vibe from the playlist to the bold wall art reminiscent of graffiti and album covers.

Daniel Halpern, CEO and Co-founder of Jackmont Hospitality Inc., consistently places a premium on celebrating the importance of locally developed concepts. Chicken+Beer will speak to the distinctions of minorities in the hospitality industry and empower the cultural and social landscape not only in Atlanta, Georgia but internationally as part of the world’s busiest airport. 

Daniel Halpern

Halpern specifically sought out Bridges’ partnership to liaise with the Atlanta community and restaurant industry.

"For over 20 years, the Jackmont Hospitality name has been synonymous with delicious food, warm hospitality and a steadfast commitment to excellence. Chris is the quintessential advocate for Atlanta’s rich culture and together we aim to introduce Chicken+Beer as a reflection of the city’s character," said Halpern

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

Elizabeth Moore, Partner Green Olive Media (404) 815-8327 ext 5000

emoore@greenolivemedia.com

Stos Partners Acquires San Diego Industrial Building; Secures Long-Term Lease with Credit Tenant

CJ Stos

SAN DIEGO, CA – Stos Partners, a privately held commercial real estate investment and management firm, has acquired a 91,541 square-foot single-tenant industrial building situated on 6.12 acres in San Diego’s National City submarket for $12.225 million. During escrow, the firm secured a long-term lease with a credit tenant.

 “This transaction is a win for us in many ways,” says CJ Stos, Principal of Stos Partners.  “The property was a rare find - a vacant industrial facility in close proximity to freeways and ports with approximately three acres of excess land.

“ We recognized the potential from the beginning, and seized the opportunity to acquire the asset as a vacant property.  Our instincts were strong, and we were able to lease it prior to our escrow closing.”

In fact, Stos confirms, his firm garnered multiple offers from industrial tenants while the property was still in escrow.

            “The functionality, location and size of this property is appealing to large credit tenants who continue to have difficulty finding facilities with these attributes in this market,” he says. 

Rusty Williams, SIOR, a Principal with Lee & Associates who represented Stos Partners as the buyer in this transaction, notes, “Industrial vacancy continues to tighten throughout San Diego county, making quality, well-located industrial properties difficult for both tenants and investors to secure.”

Rusty Williams

The National City submarket has demonstrated robust growth in the past year, with vacancy rates dropping to a mere 2.6-percent in recent months.

“This market climate fuels off-market transactions, as investors seek to remain ahead of the competition,” Williams explains.  “In this case, we sourced the opportunity before it hit the market and presented it to Stos Partners, who was able to commit and follow through.”

Stos Partners plans to invest in significant capital improvements for the facility.  The firm will add a new roof, new exterior paint, and new landscaping, and will upgrade the parking lot and HVAC system.

“We continue to create value in the assets we acquire, as we actively grow our portfolio throughout Southern California,” says Stos, who notes that his firm currently has approximately 2,000,000 square feet in assets under management.  “Successful real estate investments come from the core fundamentals, which are the improvements, location, tenancy, economics and operations.  By focusing on these, we continue to maximize returns while minimizing risk.”

            The property is located at 901 Bay Marina Drive in National City, California.  The seller, a public company, was represented by Chris Holder, SIOR, of Colliers International.

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

Lauren Burgos / Jenn Quader

Brower, Miller & Cole

(949) 955-7940

lburgos@browermillercole.com

         

www.stospartners.com.

Thompson | Dorfman Partners Doubles its Money on Sale of Apartment Community in Hayward, CA

  

Solaris Apartments, 24661 Amador Street, Alameda County, CA

Bruce Dorfman

MILL VALLEY, CA -- Thompson | Dorfman Partners, LLC (TDP), a San Francisco Bay Area real estate development and investment firm, through its TDT Ventures (TDT) subsidiary, and equity partner, BayNorth Capital of Boston, announced the venture sold a 68-unit apartment community in Alameda County, Calif., for $14,268,000, representing $209,824 per unit; $307 per square foot.

TDT purchased Solaris Apartments in 2008 for $7.1 million. 

“On many levels, this project was very successful,” said Bruce Dorfman, principal with Thompson | Dorfman Partners. “Through active ownership, we repositioned a poorly maintained and poorly managed 1960s-apartment building to provide quality and affordable workforce housing.

“There is a huge demand for this type of product in the Bay Area and we continue to look for similar opportunities.  Not only did we dramatically improve the property, which benefits our residents and the surrounding community, but we also exceeded our return metrics for our partners, even though we acquired the property just before the market meltdown in late 2008.”

According to Bob Talbott, co-founder of TDT Ventures, “Solaris Apartments is a great example of the type of well-located, value-add property that we look for in underserved markets. 

"We spent a little more than a million dollars in making significant property improvements including a new controlled access gate system, updated exterior paint, new building signage, upgraded exterior lighting, replacement of air-conditioning units, and the renovation of unit interiors.”

The garden low-rise apartment community is comprised of 52 630-square-foot one-bedroom, one-bath units and 16 860-square-foot two-bedroom, one-bath units. Some of Solaris Apartments’ amenities include a pool and well-landscaped courtyards on approximately two acres.

Bob Talbott

Located at 24661 Amador Street in Hayward, Solaris Apartments offers convenient access to the major job centers in the Bay Area and is blocks from Interstate 880, which also provides a direct connection to the Peninsula office market via the San Mateo Bridge.

The property is approximately one-and-a-half miles from the Hayward BART Station. Safeway, Walgreens, Taco Bell, 24 Hour Fitness, and many other neighborhood retailers are located adjacent to Solaris, and the property is a short drive to Cal State Hayward and Chabot College.

“This is a great location for students and workers that want easy access to I-880 and/or BART plus all of the amenities that this walkable neighborhood has to offer,” said Talbott. 

Cushman & Wakefield Vice President Scott MacDonald and Senior Managing Director Ric Russell, both located in the firm’s San Francisco office, represented the seller, TDP and TDT, and the buyer, a local private investor. 

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

Anne Monaghan

MONAGHAN COMMUNICATIONS, INC.

anne@MonaghanPR.com

830.997.0963

www.thompsondorfman.com

www.baynorthcapital.com

Snyder Langston Names Gary Campanaro as Chief Financial Officer

Gary Campanaro

IRVINE, CA (Nov. 15, 2016) -- Snyder Langston, one of Southern California’s largest and most respected builders, announced today it has named Gary Campanaro as Chief Financial Officer. Campanaro has over 30 years of accounting, finance, and real estate experience, and has served as CFO for both privately and publicly owned companies over the past 18 years.

“We are pleased that Gary has joined Snyder Langston,” said John F. Rochford, President / COO of Snyder Langston. “He brings with him a breadth of knowledge and experience that complements Snyder Langston’s Trusted Advisor culture.”

Campanaro led the Financial Services Group of CBRE and was CFO for the civil engineering firm, The Keith Companies.  In addition to his career with KPMG, he served as CFO for restaurant companies with extensive multi-state real estate locations.

“Over the course of my career I have enjoyed the real estate industry and am excited to be a part of it once more,” said Campanaro. “Snyder Langston’s professionals are hard-working and talented individuals who value integrity above all else. This combined with the firm’s collaborative culture and long-standing reputation as a Trusted Advisor were key factors for me in deciding to come on board.”

John F. Rochford

Campanaro holds a degree in Accounting from the University of Utah, is a member of the American Institute of Certified Public Accountants, and holds a Real Estate Broker’s License from the State of California.

Campanaro will assume Paul Pfeiffer’s role as CFO, who after 19 years with Snyder Langston will be retiring.

About Snyder Langston: Established in 1959, Snyder Langston is a trusted builder to Fortune 500, mid-size, and start-up companies. 

The firm has evolved into a leader in the Western US, but maintains its strongest presence as one of Southern California’s largest and most respected builders. 

Snyder Langston has successfully developed millions of square feet of space across virtually every real estate sector.

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

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

www.snyderlangston.com.

HFF arranges $59.5 million financing on behalf of Garden Homes Development for two Manhattan properties

  

 

Former home of  D. Rockefeller,
 13-15 West 54th Street and 20 West 55th Street, Midtown Manhattan

 NEW YORK, NY, Nov. 15, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $38 million in financing for an office property totaling 103,389 rentable square feet at 13-15 West 54th Street and 20 West 55th Street in Midtown Manhattan, and $21.5 million in financing for 194 East 2nd Street, a six-story, residential building with ground floor retail in the East Village.  

Andrew Scandalios

HFF worked on behalf of the borrower, Garden Homes Development, to secure a loan from a bank on the Midtown asset and a loan from a life insurance company on the East Village property.

The office properties are situated on West 54th Street between Fifth and Sixth Avenues in Midtown Manhattan.  13-15 West 54th Street consists of two adjacent five-story mansions built in 1897 that are known as the Rockefeller Townhouses, as they were the home of John D. Rockefeller for nearly 40 years.  The townhouses are connected to the 13-story office building at 20 West 55th Street via an eight-story glass atrium.  Overall, the buildings are nearly 100 percent leased. 

Completed in 1997, 194 East 2nd Street consists of an 8,465-square-foot, ground level retail space fully leased to Duane Reed, with 61 luxury residential units above.  

The property is situated on the northwestern corner of East 2nd Street and Avenue B within walking distance of NYU, Cooper Union and the New School in addition to numerous restaurants, theatres, clubs and shops. 

The HFF debt placement team was led by Andrew Scandalios and Geoff Goldstein.

“With the strength of the assets’ locations in Midtown and the East Village and top-tier sponsorship, we received a great deal of interest in these offerings from lenders,” said Goldstein.

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

Kristen M. Murphy

Director, Marketing

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

Oak Coast Properties Announces the $129 Million Acquisition of Pembrooke on the Green Apartments in Denver, CO

 

Phillip Nahas

 Los Angeles, CA – Oak Coast Properties announced the $129 million acquisition of the Pembrooke on the Green Apartments in Denver, Colorado.

Pembrooke on the Green is located at 10700 E. Dartmouth Avenue in Southeast Denver. Just north of the I-225/I-25 junction, the community sits within close range of Denver Tech Center, Downtown Denver, Fitzsimons Life Science District and Denver International Airport.

 Four projects totaling more than 1 million square feet of offices are currently under construction in Southeast Denver metro and are expected to drive up demand for apartments even further.

“This acquisition marks our firm’s largest to date and brings our Denver portfolio to more than 2,300 units,” said Phillip Nahas, Oak Coast Properties’ Co-Founder and Managing Partner.

 “Having acquired and amassed a portfolio with a valuation of nearly a billion dollars and with the continued strategic alliances we have with our capital partners, we are committed to achieving above market risk adjusted returns through our investment strategy in Denver and other strategic markets across the country.”

 Managing Director Charles Halladay and Associate Directors Lee Redmond and Brock Yaffe of HFF’s debt placement team assisted in securing the $103 million Freddie Mac loan for the acquisition of the property.

Miami-based Pensam Residential provided a portion of the equity financing.

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

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | hfflp.com

ohennessey@hfflp.com

America’s Best New Homes Media Names Susie Proffitt New President of Atlanta Division

  

Susie Proffitt

 ATLANTA, GA – America’s Best New Homes Media, which provides homebuyers with the most comprehensive collection of new home communities, floor plans, new home inventory and related real estate information via a weekly television show and website, promoted Susie Proffitt to president of Atlanta’s Best New Homes TV (ABNHTV).

 She will oversee all sales efforts and facilitate strategic planning and growth opportunities for the brand in Atlanta.

 

Sean Mudd

“We are thrilled to announce Susie’s promotion,” said Sean Mudd, president and CEO of America’s Best New Homes Media. “Susie’s vast experience in both media and marketing coupled with her long-time role with our show, will help the company grow in Atlanta and beyond.”

As a former Miss North Carolina and beauty industry executive, Proffitt brings 20 years of media experience to ABNHTV, including hosting regional TV shows airing on FOX affiliates such as “Beauty Mark” and “The Coastal Living Show.”

She is a member of the Greater Atlanta Homebuilders Association, the Atlanta Sales and Marketing Council, the Atlanta Realtor Association and the National Association of Realtors.

Atlanta’s Best New Homes TV airs on Fox 5 Atlanta on Saturday morning’s at 9:30 a.m. 

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

Emma Cathey

Publicist

Liz Lapidus PR

O | 404-688-1466

C | 678-588-1661

FOLLOW US @lizlapiduspr

FOLLOW ME @emmacarolinec

772 Edgewood Ave, NE

Atlanta, Georgia 30307

Liz Lapidus PR

404-688-1466

emma@lizlapiduspr.com

Olive Hill Group Brings Culver City, CA Property to 92 Percent Occupancy with Paris-Based Research Firm

Corporate Pointe, 200--300 Corporate Pointe, Culver City, CA

LOS ANGELES, CA  – Los Angeles-based commercial real estate firm Olive Hill Group has leased half of the 5th floor at its recently acquired creative office campus in Culver City, California to Ipsos Insight, a subsidiary of the Paris-based market research and consulting firm Ipsos.

Tim Lee, left, and Michael Cho

The office complex is located at 200-300 Corporate Pointe in Culver City, California. Ipsos Insight will lease 11,000 square feet on the 5th floor of the building for the next 7.5 years. Brian Niehaus at JLL represented Ipsos Insight in the $3.1 million lease.

Brian Niehaus

The new lease brings occupancy up to 92 percent, and further establishes the Class A creative campus as a prominent business address within the Silicon Beach submarket, according to Michael Cho, President of Olive Hill Group.

“Culver City is quickly emerging as one of the fastest-growing, most dynamic tech and creative markets in southern California, attracting a number of businesses in the digital media, entertainment and technology industries,” says Cho.

 “Fueled by explosive growth in these industries, the Lower Westside office market continues to attract demand from major players in the digital sphere, including research firms such as Ipsos, which is a creative leader in the market research industry.”

  

            Cho explains that this new lease reflects the types of high-caliber creative and tech tenants that comprise the Culver City market.

“Ipsos is the third largest market research firm in the world, with a presence in 87 different countries and more than 5,000 clients globally,” says Cho. “Our ability to secure a lease of this caliber speaks to the strength of the asset and bolsters long-term property value.  The addition of Ipsos Insight also contributes to the creative and collaborative environment we are cultivating in this property.”

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

Katie Kea

Jr. Account Executive

Brower, Miller & Cole

895 Dove Street, Third Floor

Newport Beach, CA 92660

p: (949) 955-7940

KKea@browermillercole.com

Meridian Sells Dialysis Clinic in Palmdale, CA for $6.97 Million, 5.0% Cap Rate

Dialysis Clinic, Palmdale, CA          (Photo by  Michael Polk, Majesticcaptures.com)

SAN RAMON, CA - Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the sale of its 13,750-square-foot dialysis clinic in Palmdale, Calif.

 The purchase price was $6.97 million, representing a cap rate of 5.0%. This is the second dialysis clinic that Meridian has sold this year. Earlier this year, Meridian sold a similar clinic in San Rafael, Calif.

John Pollock

The Palmdale clinic is located at 38454 5th Street West in Los Angeles County, near the new Palmdale Regional Medical Center. In 2010, Meridian acquired several buildings and excess land that were owned by the lender General Electric Credit Equities, Inc.

The availability and low-land basis provided a unique opportunity to work with a dialysis provider to build a new state-of-the-art clinic in close proximity to the hospital with an affordable rent.  

According to Meridian’s COO John Pollock, “Kidney failure, also known as end-stage renal disease (ESRD), is a fatal condition unless a kidney transplant is available or a patient undergoes dialysis, in which a machine filters toxins and fluids from the blood outside the body.

"In-center dialysis patients are treated approximately four hours a day, three times a week. There is a tremendous need to bring these types of services into the communities where patients live.”

This location, like many other that Meridian has developed, was located near patient need, says Pollock. “Having a visible outpatient facility provides easy access and convenience for patients and staff as they don’t have to navigate large and often confusing hospital entrances and parking garages,” Pollock explains.

Mike Conn

“It is all about the patient experience. Meridian expects this trend to continue in the coming years given the cost advantage and convenience factor of providing basic services in retail settings as opposed to higher acuity hospitals.”

Meridian’s Senior Vice President of Development, Mike Conn, was responsible for delivery of the clinic. “Through a coordinated team effort with our client, vendors and the city, we were able to construct a ground up OSHPD 3 clinic turn-key in less than seven months.” 

Conn added that “Speed to market, branding, and market share are becoming extremely important as providers compete for patients and physician groups. We provide synergistic solutions to healthcare systems that are faster and more cost-effective for them.”

Gary Stache and Bryan Lewitt of CBRE, based in the firm’s Newport Beach and downtown Los Angeles office respectively, represented Meridian, the seller. The buyer, a private investor based in the Central Valley of Calif., was represented by Five Star Land Company, Inc. in Wilton, Calif.

This transaction comes on the heels of Meridian’s sale of its 74,000-square-foot general office building located in Alameda County at 5776 Stoneridge Mall Road in Pleasanton, Calif. The purchase price was $15.5 million, representing a cap rate of 7.0%. The Pleasanton property was sold in September 2016.

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

Anne Monaghan

MONAGHAN COMMUNICATIONS, INC.

anne@MonaghanPR.com

830.997.0963

www.mpcca.com.

Lincoln Property Co.Wins 2016 TOBY Award for Luhrs City Center in Downtown Phoenix, AZ

  

Luhrs City Center, Downtown Phoenix, AZ

PHOENIX, AZ – Lincoln Property Company (LPC) continued its award-winning property management track record at this year’s “The Outstanding Building of the Year” (TOBY), earning a TOBY for its management of Luhrs City Center in downtown Phoenix.

Megan Watkins

Phoenix’s annual TOBY awards are presented by the Arizona chapter of the Building Owners and Managers Association (BOMA). They represent the industry’s most prestigious honor for excellence in building quality and management, with winners advancing to regional and international BOMA competitions.

LPC was awarded a 2016 TOBY for its management of Luhrs City Center, a National Historic Landmark mixed-use development located at Central and Jefferson – the geographic point of origin for downtown Phoenix.

“LPC and Invesco purchased Luhrs City Center in December and have worked diligently to build on the project’s vintage charm and potential, at a time when tenants are rediscovering downtown Phoenix,” said Lincoln Property Company Executive Vice President David Krumwiede. “It is an honor to be affiliated with the property and to be recognized for our efforts there.”

Built between 1924 and 1929, Luhrs City Center encompasses approximately 157,000 square feet of fully renovated office and retail space featuring red brick interiors and exposed beams. LPC and Invesco are nearing completion on a multi-million-dollar renovation that will further upgrade lobby, common areas and streetscapes at the project.

The Luhrs office project is part of Luhrs City Center, which is a full city block containing office, retail, a six-level parking structure and a new 19-story, 320-room Marriott hotel. Luhrs City Center is in the heart of downtown Phoenix, situated along the existing light rail line as well as the approved light rail extension down Central Avenue. It is home to the award-winning Bitter & Twisted cocktail parlour.

Jessica Allen

“Our management team has a deep background in office and retail space,” said Megan Watkins, Lincoln Property Company Associate Director of Management Services, who leads LPC’s property management portfolio in the region. “We’re thrilled to be able to apply that knowledge at such a landmark project, bringing a piece of the past into the present for today’s business market.”

David Krumwiede

The LPC management team at Luhrs City Center includes Assistant Property Manager Jessica Allen, Chief Engineer Tom Williams and Building Engineer Carlos Rodriguez.

In addition to managing projects in its ownership portfolio, LPC provides award-winning third party property management services to approximately 7 million square feet of office industrial and retail space across the region.

 For more information, call David Krumwiede or Megan Watkins at (602) 912-8888.

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

WNC Leaders Present Nine Members of Congress with Defender of Housing Award

Will Cooper Jr.

IRVINE, CA –– WNC, a national investor in real estate and community development initiatives, announced WNC Chairman Will Cooper Sr. and Chief Executive Officer Will Cooper Jr. presented nine members of Congress from both the Republican and Democratic parties with the Defender of Housing award on behalf of the National Association of Home Builders’ BUILD-PAC.

The award, presented to long-term champions of the U.S. housing industry, was presented to: Representatives Ken Calvert (R-CA); Paul Cook (R-CA); Duncan Hunter (R-CA); Darrell Issa (R-CA); Ed Royce (R-CA), chairman of the House Foreign Affairs Committee and senior member of the Financial Services Committee; Linda Sanchez (D-CA); Norma Torres (D-CA); Maxine Waters (D-CA), ranking member of the Financial Services Committee; and Mimi Walters (R-CA).

Will Cooper Sr.

“We couldn’t be more pleased and honored to present these nine congressional leaders with the Defender of Housing Award,” said Cooper Jr. 

“We strongly believe in the need to protect our nation’s housing, especially affordable housing, and are grateful to the strong support and vocal voice these representatives provide to our industry and to our nation.”

BUILD-PAC is the NAHB’s national political action committee formed to help elect pro-housing candidates to congress in order to defend housing and the home building industry, guard against harmful regulations and protect industry businesses. The Coopers serve as trustees of BUILD-PAC.

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

Julie Leber

Spotlight Marketing Communications

949.427.5172 ext. 703

julie@spotlightmarcom.com

www.wncinc.com.

Berger Commercial Realty Secures Nearly 15,000 SF in Lease Transactions for Tenants in South Florida

Roxanna Collins

 FORT LAUDERDALE, FL -- Berger Commercial Realty brokers recently secured 14,934 square-feet in lease transactions for tenants in South Florida.

Lawrence Oxenberg

Broker Associate Roxanna Collins represented Florida Iron Doors in leasing 12,349 square-feet of space from Ivy Quorum Property, LLC at the Quorum Business Park, located at 620 to 852 S. Military Trail in Deerfield Beach. 

A manufacturer and supplier of hurricane and impact resistant wrought iron doors, Florida Iron Doors relocated its facility in Pompano Beach and expanded by more than 6,000 square-feet.

Sales Associate Lawrence Oxenberg represented Noire the Nail Bar in leasing 1,500 square-feet of retail space from DDRAM Paraiso Plaza, LLC at Paraiso Plaza, located at 3300 W. 80th Street in Miami. The space will function as a nail salon and spa.

Palm Beach County Managing Director and Tenant Representation Specialist Michael Feuerman also represented Guggenheim Securities, LLC in renewing its lease for 1,085 square-feet of office space at One Financial Plaza, located at 100 S.E. 3rd Ave. in Fort Lauderdale. Guggenheim Securities is the investment banking and capital markets division of Guggenheim Partners, a global investment and advisory firm with more than $240 billion in assets under management.

For more information about Berger Commercial Realty's tenant representation services, call 954-358-0900.

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

954-776-1999

Lexi Robinson, ext. 255, lrobinson@piersongrant.com

Marielle Sologuren, ext. 226, msologuren@piersongrant.com

www.bergercommercial.com

HFF arranges financing for portfolio of 154 convenience and gas station sites in the Northeast

  

 

Andy Scott

 DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged post-acquisition financing for a portfolio of 154 convenience and gas station sites totaling 97.8 acres in the northeastern United States.

HFF worked on behalf of the borrower, a subsidiary of a private real estate investment fund advised by Crow Holdings Capital–Real Estate, to secure the five-year, floating-rate acquisition loan with 18 months interest only.  The loan was provided by a consortium of lenders, led by Capital One and BMO Harris.

The portfolio properties comprise 88 sites in New York, 45 sites in Massachusetts and 11 sites in Connecticut.  Additionally, there are seven sites in New Hampshire, two Rhode Island sites and one site in Pennsylvania.

 All 154 properties are subject to an absolute net lease for 20 years with a subsidiary of Petroleum Marketing Group, a leading jobber and distributor of petroleum products and operator of convenience stores.

HFF’s debt placement team was led by senior managing director Andy Scott and associate director Michael George.

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

Kristen Murphy

Director, Marketing

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

tel 617.848.1572 | fax 617.338.2150 | www.hfflp.com

krmurphy@hfflp.com

 www.crowholdingscapital-re.com.

Morris, Manning & Martin’s Real Estate Practice Ranked Nationally in Best Lawyers 2017

Louise Wells

Atlanta, GA – Morris, Manning & Martin’s Real Estate Group finished in Tier 1 of the 2017 U.S. News - Best Lawyers® Best Law Firms national rankings.

 It also finished in the top Tier of the Atlanta and Washington D.C. metropolitan rankings, and near the top for Savannah. 

Several other practice groups received national and local recognition.

In addition to the Tier 1 Real Estate Practice, these four groups received national rankings, as well as high metropolitan rankings:

• ·       Land Use & Zoning is in Tier 2 nationally and Atlanta’s Tier 1.
• ·       Construction is in Tier 3 nationally and Tier 2 in Atlanta.
• ·       Healthcare is Tier 3 nationally and Tier 1 for both Atlanta and Savannah.
• ·       Litigation - Banking & Finance is Tier 3 nationally and Tier 1 for Atlanta.

Several other facets of the firm’s Litigation practice are ranked highly for Atlanta. They are Product Liability - Defendants in Tier 1, Patent in Tier 2, and Intellectual Property in Tier 3.

These MMM practice groups also have strong showings:

• ·       The Leisure and Hospitality Group is in Tier 1 for Washington D.C. and Tier 2 in Atlanta.
• ·       The Environmental and Tax teams are both Tier 2 for Atlanta.
• ·       The International Trade and Finance Group is Tier 2 in Washington.
• ·       The Corporate and the Employment - Management groups are Tier 3 in Atlanta.

 The rankings, produced in conjunction with Best Lawyers and U.S. News & World Report, are based on a combination of client feedback, survey results and peer review.

“The fact that the firm ranks so highly in the annual rankings speaks well for our ability to serve our clients as their businesses change,” said the firm’s Managing Partner Louise Wells. “It also indicates that the firm itself is well positioned as we move forward.”

All of the rankings, in all tiers, are now online at http://bestlawfirms.usnews.com.

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

http://www.facebook.com/pages/Thornton-Communications/112101288827299 http://twitter.com/Ttho http://www.linkedin.com/in/TerriThornton Terri Thornton

Partner, Thornton Communications

Phone: 404-932-4347

Email: Terri@TerriThornton.com

Website: www.TerriThornton.com

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