Hanley Investment Group Completes Three Single-Tenant 7-Eleven Transactions

Jerry McChesney

CORONA DEL MAR, CA - Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced  that Executive Vice President Jeremy McChesney has completed the sale of three 7-Eleven stores. 

With these three recent transactions, McChesney has sold 20 7-Elevens in the last two years, the most 7-Elevens sold by any individual in the U.S. during this period. 

“These three sales highlight the demand California-based investors have for high quality, investment-grade net-lease properties and their continued willingness to look in major metros across the country to find them,” said McChesney.

7‑Eleven is the world’s largest convenience store chain operating, franchising and licensing stores in 18 countries. Some 10,500 of the 56,600 7‑Eleven stores worldwide are in North America.

7-Eleven, 3725 S. Park Avenue, Buffalo, NY

“All three properties have desirable corporate-backed absolute triple-net leases,” said McChesney. “The properties also have great fundamentals including high-profile corner locations, great proximity, ease of access to major thoroughfares and strong demographics.”

McChesney explains, “A true absolute triple-net lease means that the tenant is responsible for all expenses associated with owning the property and the landlord has zero obligation. This means the tenant, like 7-Eleven, has to pay for all of the operating expenses, property taxes, utilities, building insurance premiums, maintenance and repairs; not the investor.”

In Norfolk, Virginia, McChesney completed the sale of a single-tenant corporate-guaranteed absolute NNN 7-Eleven at 5200 Colley Avenue in Norfolk in an off-market transaction.

7-Eleven, Colley Avenue and West 52nd Street, Norfolk, VA

Built in 1987, the 2,464-square-foot 7-Eleven building is situated on a .23-acre parcel at the hard corner intersection of Colley Avenue and W. 52nd Street. 

The 7-Eleven has over five years remaining on the primary term of the lease with no remaining options. The purchase price was $630,000, representing a 6.35 percent cap rate.

 McChesney represented the all-cash buyer, a private investor from the San Francisco Bay area, and the seller, Sam Partners, LLC of Virginia Beach, Va. 

“This is the second 7-Eleven property sale that Hanley Investment Group has completed on behalf of the buyer in recent years,” said McChesney.

In University City, Missouri, McChesney negotiated the sale of a single-tenant corporate-guaranteed absolute NNN 7-Eleven with nine years remaining on the primary term of the lease at 8159 Olive Boulevard in University City. 

7-Eleven, 8159 Olive Boulevard,  University City, MO

Built in 1977, the 2,450-square-foot 7-Eleven building is situated on a .50-acre parcel at the signalized intersection of Olive Boulevard and 82nd Boulevard. 

The purchase price was $925,000, representing a 6.49 percent cap rate. The buyer, a private investor from Los Angeles, Calif., was represented by Matt Waterman of Pegasus Investments in Encino, Calif. McChesney represented the seller, Equitas Investments of Hermosa Beach, Calif. 

“We were able to procure over seven offers for the property, and get the buyer comfortable with environmental conditions currently present at the property,” said McChesney. “We negotiated a short due-diligence period and a large non-refundable cash deposit.”

According to McChesney, this is a high-performing location with a rent-to-sales ratio below 5 percent at a signalized hard corner. “We have completed multiple 7-Elevens transactions over the past 12 months for this Los Angeles-based seller,” McChensey added. 

Jeff Lefco

In Buffalo, New York, McChesney completed the sale of a single-tenant corporate-guaranteed absolute NNN 7-Eleven with four years remaining on the primary term of the lease at 3725 S. Park Avenue in Buffalo.

Built in 1991, the 3,100-square-foot 7-Eleven building is situated on a .52-acre parcel at the signalized intersection of S. Park Avenue and Lake Avenue. The purchase price was $900,000, representing a 5.99 percent cap rate.

The all-cash buyer, a private investor from Granada Hills, Calif., was represented by Hanley Investment Associate Jeff Lefko and Executive Vice President Bill Asher. McChesney represented the seller, Equitas Investments of Hermosa Beach, Calif.

“This is an established location with a 30-year operating history. We leveraged our investor-client relationships within Hanley Investment Group to source the buyer in-house,” said McChesney. “We were able to negotiate a large non-refundable deposit, a quick 10-day due diligence period, and a 21-day close.”

McChesney expects sales volume for single-tenant 7-Eleven net-leased investments to stay strong in 2017.  “With an AA- credit rating, zero land responsibilities and a shortage of alternative single-tenant retail investments, single-tenant 7-Eleven stores will continue to be one of the most highly sought-after retail investments in today’s market,” McChesney said.

Bill Asher

McChesney has multiple 7-Eleven properties available for sale including a high-profile 7-Eleven in Los Angeles as well as assets in Buffalo, New York; Saint Louis, Missouri; and Lakewood, Ohio.

Hanley Investment Group Real Estate Advisors is a retail investment advisory firm with a $5 billion transaction track record nationwide, who works closely with individual investors, lending institutions, developers, and institutional property owners in every facet of the transaction to ensure that the highest value is achieved. For more information, visit www.hanleyinvestment.com.

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

Anne Monaghan

MONAGHAN COMMUNICATIONS, INC.

anne@MonaghanPR.com

830.997.0963

Meridian Capital Group Arranges $34.5 Million in Construction Take-Out Financing for the Dwell Nona Place Luxury Multifamily Property Located in Orlando, FL

  

Rendering of Dwell Nona Place Apartments, 10207 Dwell Court, Southeast Orlando, FL

David Cohen

Boca Raton, FL – Meridian Capital Group, America’s most active deal maker, arranged $34.5 million in construction take-out financing for the Dwell Nona Place luxury multifamily property located in Orlando, FL on behalf of The Klein Company.

The seven-year Freddie Mac loan, provided by Capital One Multifamily Finance, features a fixed rate of 4.07% and one year of interest-only payments.

 This transaction was negotiated by Meridian Senior Vice Presidents, Max Beyderman, who is based in the company’s Boca Raton, FL office and David Cohen, who works out of Meridian’s Iselin, NJ office.

Dwell Nona Place, located at 10207 Dwell Court, is a four-story, 274-unit luxury apartment community in Southeast Orlando. The property consists of distinctive one-, two- and three-bedroom apartments, as well as three-bedroom townhomes.

 Each unit features a modern designer kitchen, ceiling fans, wood flooring, a screened-in porch or balcony and an in-unit washer and dryer. Residents enjoy exceptional amenities, including a resort-style pool with cabanas, outdoor grilling areas, a beach area, walking trails, a playground and a car care center.

The 10,000 square foot clubhouse features an athletic club with a sports court, a yoga space, a game room, a state-of-the-art-fitness center, as well as a business and conference center.

Lake Nona High School, Lake Nona, FL

 The Dwell Lake Nona apartment homes are situated directly across from Lake Nona High School and are one mile south of Route 417, providing a short commute to Medical City. Construction began in October 2014 and was completed March 2016.

“Dwell Nona Place is a stunning multifamily asset, which recently completed its lease-up and added another high-quality asset to the Dwell brand, created by The Klein Company,” explained Mr. Beyderman.

“Meridian was pleased once again to work with the stellar team at The Klein Company in procuring timely financing that reflected the strong lease-up velocity,” he said.

“Additionally, we were able to capitalize on a dip in U.S. treasuries to secure very efficiently priced long-term debt at the same time that the property began exhibiting its full potential,” added Mr. Cohen.

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

Jonathan Stern

Meridian Capital Group

212/972-3600

www.meridiancapital.com

jstern@meridiancapital.com

Meridian Capital Group Arranges $26 Million in CMBS Financing to Refinance the Holiday Inn Miami Beach

  

Holiday Inn Miami Beach, 4333 Collins Avenue, Miami Beach, FL

Jacob Schmuckler

New York, NY – Meridian Capital Group, America’s most active deal maker, arranged $26 million in CMBS financing to refinance the Holiday Inn Miami Beach – Oceanfront in Miami Beach, FL.

The 10-year CMBS loan features full-term interest-only payments. This transaction was negotiated by Meridian Managing Directors, Jacob Schmuckler and Steve Adler, who are both based in the company’s New York City headquarters.

The Holiday Inn Miami Beach - Oceanfront is an eight-story hotel, located at 4333 Collins Avenue in Miami Beach, FL. The 253-room oceanfront hotel was completely renovated in 2009 and transformed into a contemporary-style property, including a pool area with a Tiki bar and manicured garden areas with hammocks.

Amenities include an on-site bar and restaurant, a fitness center, conference and banquet rooms, a business center and a laundry facility. Guests enjoy direct access to a wide stretch of Miami’s beaches, as well as the Miami Beach Boardwalk, which offers a variety of restaurants, shopping, nightlife and golf clubs.

“The Holiday Inn’s central location and various on-site and community amenities attract both tourists and business travelers,” said Mr. Schmuckler. “The sponsor has owned the hotel for over 20 years, along with several nearby properties,” he added. “Their strong performance record, as well as the property’s recent renovations, demonstrated promising upside potential to the lender and Meridian was able to negotiate favorable terms.”

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

Jonathan Stern

Meridian Capital Group

212/972-3600

www.meridiancapital.com

jstern@meridiancapital.com

Evergreen Real Estate Group Celebrates Grand Opening of Fairhaven Crossing Apartments in Mundelein, IL

Fairhaven Crossing Apartments, Downtown Mundelein, IL

 CHICAGO, IL – Evergreen Real Estate Group, together with Lake County Residential Development Corp., the Lake County Center for Independent Living and Lake County United, recently celebrated the grand opening of Fairhaven Crossing Apartments, a 40-unit affordable rental community in downtown Mundelein, Ill.

Attendees of the March 2 event, which included a ribbon-cutting ceremony and tours of the newly opened community, included Mundelein Village Administrator John Lobaito; Larry Pusateri, development partner at Evergreen Real Estate Group; Mary Ellen Tamasy, president of Lake County Residential Development Corp.; Walter (Jerry) Kendall, president of the Lake County Center for Independent Living; Christine Moran, managing director of multifamily finance at the Illinois Housing Development Authority; and David A. Northern Sr., executive director and CEO of the Lake County Housing Authority.

Christine H. Moran

“Fairhaven Crossing shows what can be achieved when various groups pool their talents and resources for the good of the greater community – one that’s built around the principle of inclusion,” said Lobaito. “The completion of the project ensures our neighbors will have access to quality housing that is both affordable and conducive to their needs while serving as a catalyst for future investment in the downtown core.”

Located at 407 E. Hawley St., Fairhaven Crossing is part of a broader initiative to reimagine downtown Mundelein as a walkable mixed-use district. The $13.5 million affordable housing project involved converting and expanding a vacant 1½- story brick building on the site – previously a light industrial building – into a three-story residential building. The redevelopment was partially funded using $5.6 million in low-income housing tax credit financing secured by Evergreen Real Estate Group.

Mary Ellen Tamasy

The new community includes a mix of one-, two- and three-bedroom units, with affordable rents for households earning 60 percent or less of the area median income (AMI). The family-friendly three-bedroom units account for half of the floor plans, while 12 apartments were set aside for individuals with disabilities.

Each unit includes a living/dining room and open kitchen with vinyl plank flooring and Energy Star-rated appliances. Residents will also have access to a variety of on-site amenities, including a laundry room, a community room with full kitchen, computer lab, bike storage, playground and landscaped courtyard areas.

In addition, Fairhaven Crossing offers convenient access to the Mundelein Metra station and several bus stops, as well as shops, restaurants and essential services in downtown Mundelein.

 “Fairhaven Crossing is a shining example of how communities like Mundelein can reap social and economic benefits by making housing accessible to residents across all income levels,” said Pusateri. “The Evergreen team is proud and humbled to be part of downtown Mundelein’s ongoing transformation.”

For more information or to schedule a showing, call (847) 970-9216 or email fairhaven@evergreenres.com.

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

Kelly Shumaker, kshumaker@taylorjohnson.com, (312) 267-4519

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

www.evergreenres.com.

ATTOM Data Solutions Finds Overall foreclosure activity in February dropped to a new 11-year low, the lowest since November 2005

  

IRVINE, CA, March 16, 2017 – ATTOM Data Solutions reports counter to the national trend, foreclosure activity increased on a year-over-year basis in 10 states and the District of Columbia, where foreclosure activity increased 235 percent from a year ago.

Highlights:

o   Foreclosure activity has increased in DC on a year-over-year basis for 12 consecutive months ending in February 2017

o   States with a year-over-year increase included New Jersey (up 16 percent); Delaware (up 14 percent); Louisiana (up 12 percent); Alabama (up 10 percent); and Hawaii (up 8 percent).

o   Three of the nation’s 20 largest metro areas posted year-over-year increases in foreclosure activity: Houston (up 97 percent from an abnormally low Feb 2016); San Francisco (up 25 percent); and New York (up 9 percent).

·         Foreclosure starts in February increased 7 percent from the previous month but were still down 13 percent from a year ago — the 20th consecutive month with a year-over-year decrease in foreclosure starts

o   Counter to the national trend, foreclosure starts increased on a year-over-year basis in 15 states and the District of Columbia. States with an increase included Alabama (up 40 percent); Texas (up 26 percent); New Jersey (up 24 percent); Florida (up 12 percent); Illinois (up 11 percent); and Arizona (up 9 percent).

o   Foreclosure starts in Texas have increased annually in three of the last four months, in New Jersey in two of the last three months, in Illinois in six of the last seven months, and in Arizona in six of the last 12 months.

·         Bank repossessions (REO) in February decreased 7 percent from the previous month and were down 18 percent from a year ago.

o   Counter to the national trend, 15 states and the District of Columbia posted a year-over-year increase in REOs, including Massachusetts (up 117 percent); Delaware (up 90 percent); Illinois (up 40 percent); New Jersey (up 19 percent) and Colorado (up 14 percent).

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

Jennifer von Pohlmann

jennifer.vonpohlmann@attomdata.com

Four Draper and Kramer Properties Named SatisFacts Resident Satisfaction Award Winners

 

Julie Johnson

  

CHICAGO, IL (March 15, 2017) – Draper and Kramer, Incorporated, a full-service national real estate firm, is pleased to announce four rental communities from its management portfolio were named 2016 Resident Satisfaction award winners by SatisFacts, the multifamily industry’s premier authority on resident satisfaction and retention.

“As a firm with a 124-year history, Draper and Kramer has a long and proven track record of delivering best-in-class residential experiences at our properties,” said Julie Johnson, senior vice president and director of management services for Draper and Kramer.

 “These Resident Satisfaction awards are a direct result of our team’s ongoing commitment to providing the highest level of customer service across our entire portfolio. The feedback and data we receive through SatisFacts is invaluable as we look for new and innovative ways to differentiate a Draper and Kramer community from others in the market.”

The four Draper and Kramer properties recognized for achieving high scores on SatisFacts surveys include:

1130 South Michigan Apartments, South Loop, Chicago, IL

 ·                     1130 S. Michigan, a 656-unit high-rise in Chicago’s South Loop neighborhood featuring studio, one- and two-bedroom rental

•                     Grand Plaza (530 N. State St.), a 482-unit luxury property in Chicago’s River North neighborhood offering studio, convertible, one-, two- and three-bedroom apartments
•  ·                     1350 N. Lake Shore Drive, a 740-unit property in Chicago’s Gold Coast with studio, one- and two-bedroom rentals
•  ·                     Southfork Rental Townhomes, a 272-unit rental community in Lakeville, Minn., featuring one-, two- and three-bedroom residences

  

One of the largest property management firms in Chicago, Draper and Kramer has a national residential management portfolio of more than 10,000 rental units across Chicago, St. Louis, San Antonio and Minneapolis, as well as 25,000 condominium residences throughout Chicago.

  

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

Sarah Lyons, slyons@taylorjohnson.com, (312) 267-4520

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

www.draperandkramer.com.

HFF closes on sale of SpringHill Suites hotel in Gainesville, FL

Springhill Suites Gainesville, Gainesville, FL 

TAMPA, FL, March 15, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of SpringHill Suites Gainesville, a 126-room, select-service, Marriott-branded all-suite hotel in the central Florida community of Gainesville.

HFF marketed the property on behalf of the seller, a partnership between Whitman Peterson and Sage Hospitality. Scarlett Hotel Group purchased the asset free and clear of debt.

Daniel C. Peek

SpringHill Suites Gainesville is a Florida Green Lodging-certified property that was the recipient of a 2016 TripAdvisor Certificate of Excellence. 

Completed in 2007, the hotel underwent significant renovations in 2015 that upgraded the guestrooms and public spaces.

 The four-story hotel features an outdoor pool, 600 square feet of meeting space, fitness center and complimentary hot breakfast.

Situated on 2.4 acres at 4155 Southwest 40th Boulevard, SpringHill Suites Gainesville is located just off Interstate 75 and Archer Road at the “front door” to the University of Florida and downtown Gainesville, which are northeast of the property.

 Additionally, the hotel is in the heart of Gainesville’s busiest retail corridor and near two major projects currently underway, the 225-acre mixed-use Celebration Pointe and the one million-square-foot doubling of Butler Plaza, Florida’s largest power center.

 

Preston Reid

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

“The SpringHill Suites Gainesville received a tremendous amount of interest from the investment community, highlighting the desirability of owning a premium-branded, select-service hotel in a dynamic university market like Gainesville,” Reid said.

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

Olivia Hennessey

Public Relations Specialist

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

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

www.sagehospitality.com.

www.WhitmanPeterson.com.

HFF arranges $36.75 million financing for Two University of Florida student housing communities

 

Elliott Throne

MIAMI, FL, March 15, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $36.75 million in acquisition and bridge financing for Campus Club and Gateway at Glades, a 1,356-bed student housing portfolio serving the University of Florida in Gainesville, Florida.

HFF worked on behalf of Park Partners Residential (Park Partners) to secure the loan, which was provided by Resource Real Estate (Resource).  Park Partners Residential will renovate and reposition the properties to compete against newer assets in the market.

Campus Club and Gateway at Glades are strategically and centrally located near the University of Florida proximate to Gainesville’s main retail node, Archer Boulevard, which includes a strong roster of retailers catering to university students such as Walmart, Lowe’s, Publix, Best Buy, Trader Joe’s, Regal Cinemas, Best Buy and Ross Dress for Less. 

The University of Florida, a Tier One school, is one of the largest universities in the southeast boasting an enrollment of more than 50,000 students for the past 10 years.

The HFF debt placement team was led by managing director Elliott Throne and associate director Brian Gaswirth.

“Resource provided an advantageous financing structure that will allow Park Partners to use their expertise in the development and repositioning of student housing projects to, once again, make these properties popular destinations for students attending the surrounding Gainesville schools,” Throne said.

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

Olivia Hennessey

Public Relations Specialist

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

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

www.parkpartners.com

American Realty Advisors Acquires Premier Luxury Apartment Asset in Chicago’s Growing West Loop/Fulton Market

The Madison at Racine Hotel, West Loop--Fulton Submarket, Chicago, IL

                                                                                                 (Photo by Mark Ballogg - ballogphoto.com)

Scott E. Anderson

CHICAGO, IL – American Realty Advisors (“ARA”), an institutional real estate investment manager with more than $8 billion in assets under management, has acquired The Madison at Racine, a 216-unit luxury apartment community in the heart of Chicago’s highly sought-after West Loop/ Fulton submarket. 

 “Madison at Racine is an outstanding core investment,” says Ray Kivett, Managing Director of Investments in ARA’s Chicago office. “Located approximately five blocks from Google’s new regional headquarters at 1K Fulton and two blocks from McDonalds’ new world headquarters, the property is centrally located in this thriving submarket.”

ARA also owns 1K Fulton, which it purchased in July of last year.  Both assets are situated in the walkable West Loop district, which boasts trendy boutiques, acclaimed restaurants, expansive parks, and a growing reputation as Chicago’s hottest and most sought after neighborhood.

“A complete transformation is underway in the West Loop/Fulton submarket,” Kivett explains.  “Similar to the meatpacking district in Manhattan, SoMA in San Francisco or the Seaport District in Boston, this once industrial area is now a hub of growth.  We continue to seek opportunities to acquire best-in-market assets and are capitalizing on this momentum.”

Ray Kivett

The Madison at Racine is expected to garner long-term renter demand from young urban professionals seeking an authentic live/work/play lifestyle, according to Scott E. Anderson, Senior Portfolio Manager of Multi-Family at ARA.

“This is the epitome of urban luxury living,” explains Anderson. “The property features best-in-class amenities, including one of the most stylish rooftop decks in the city, as well as on-site parking and ground-floor retail - all of which contribute to the asset’s popularity.”

“Our ability to acquire an asset of this caliber is a direct result of our investment acumen. ARA’s ongoing core strategy is to acquire premier assets in major markets throughout the country and this property is a great fit,” says Anderson. 

“We are delighted to add The Madison at Racine to our portfolio and we have strong performance expectations for this asset and the market in the long term.”

The Madison at Racine features luxurious and well-appointed one- and two-bedroom apartments, coupled with a rooftop retreat that boasts a sun deck, pool, hot tub, fire pits, lounge areas and unobstructed views of the Chicago city skyline.  The LEED Certified apartment community also features concierge services, a modern coffee bar, upscale social lounging areas, and a dog park with a grooming area.

MJ (Martha Jane) Zaring

The apartment community is located at 1164 West Madison in Chicago, Illinois. The seller, a partnership between Boston based Intercontinental Real Estate Corp. and Chicago based Ascend Real Estate Group, was represented by the team of John Jaeger, who lead the sales effort, and his colleagues, Dan Cohen and MJ Zaring, of CBRE.

 With more than $8 billion in assets under management, American Realty Advisors is a leading provider of commercial real estate investment management services. 

 For over 28 years, ARA has managed capital for institutional investors utilizing core and value-added commingled funds and separate accounts. 

ARA acquires assets directly or provides equity, preferred equity, mezzanine debt, debt, and hybrid debt to primary investors and developers operating throughout the United States for office, industrial, multi-family, and retail properties.

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

Lexi Astfalk / Jenn Quader for American Realty Advisors

Brower, Miller & Cole

(949) 955-7940, LAstfalk@browermillercole.com

www.americanreal.com.

ATTOM Data Solutions Adds Nationwide MLS Information Powered by Clear capital Analytics to its Licensing Suite

Rob Barber

IRVINE, CA and RENO, NV — ATTOM Data Solutions (www.attomdata.com), curator of the nation’s largest fused property database, and Clear Capital (www.clearcapital.com), a technology company providing analytics and data to the real estate valuations industry, announced that nationwide Multiple Listing Service (MLS) analytics powered by Clear Capital will now be available for licensing to ATTOM Data Solutions clients.

“ATTOM selected Clear Capital for this partnership because its best-of-breed MLS solution stood head and shoulders above other options,” said Rob Barber, CEO at ATTOM Data Solutions.

“Thanks to its relationships with local independent brokers and valuation experts in all markets, Clear Capital has established connections with MLS boards across the country, uniquely positioning it to build a national MLS analytics program. By adding Clear Capital’s MLS solution, ATTOM can now provide its customers with the most comprehensive and compliant coverage available in the marketplace.”

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

Jennifer von Pohlmann

949.502.8300, ext. 139

jennifer.vonpohlmann@attomdata.com

Dogs Welcome at Aloft Taipei Beitou; Taiwan’s first international hotel to offer pet-friendly dining

"This is the life!"

TAIPEI, Taiwan –– Dine with your favorite furry friend at Nook in the new Aloft Taipei Beitou, the city’s first international hotel restaurant to welcome dogs. 

Ideal for people who don’t like to leave home without their pets, Aloft’s Animals R Fun (ARF) program will be launching at the Aloft Taipei Beitou starting at Nook restaurant.

“We are delighted to be the first international hotel in Taiwan to welcome dogs to their restaurant,” said Calvin Lou, general manager of the hotel. “The outdoor terrace at Nook is the ideal place to relax and enjoy a meal with your best four-legged friend.”

Calvin Lou

At Aloft Taipei Beitou, the ARF program will first roll out at Nook, and be followed up soon in the guest rooms. Nook, the hotel’s signature all-day restaurant, serves scrumptious buffet-style breakfast and a vibrant selection of a la carte dishes and specialty items. 

Guests with dogs can enjoy al fresco seating on the outdoor terrace.  For NT$100, dogs get VIP treatment, including a doggie menu with a selection of three meals, toys, doggie snacks and a complimentary diaper. Aloft welcomes small and medium-size dogs up to 15 kgs (33 lbs).

 Designed for global travelers who love exploring open spaces and staying connected, the new Aloft Taipei Beitou introduces a modern twist on the century-old hot spring destination of Beitou.

  The hotel is just steps away from the hot springs and a quick five-minute walk from two Metro stations, with easy access to downtown Taipei. 

The hotel is inspired by the brand’s passion for music and technology as well as the local natural landscape.  Both guestrooms and public areas showcase the creations of local artists, integrating elements indigenous to Beitou and customized specifically for Aloft Taipei Beitou.

The modern, loft-inspired rooms and suites are equipped with SPG Keyless, the industry’s first truly mobile check-in system where guests can utilize their mobile phones as room keys. 

"Living it up!"

All rooms feature the brand’s signature offerings, such as the ultra-comfortable plush bed, a walk-in shower, custom amenities by Bliss® Spa, fast & free WiFi, and a 43” LCD TVs linked to a Plug & Play connectivity panel.

Aloft Taipei Beitou features a variety of dining and social spaces for guests to mix and mingle including Nook, the signature all-day restaurant; Re:mixSM lounge on the ground floor; and W:XYZSM bar, serving refreshing cocktails and beverages and the brand’s iconic Live At Aloft Hotels that showcases live acoustic performances by up-and-coming artists.

For those on-the-go, Re:fuelSM by Aloft, Aloft’s signature 24/7 grab and go venue, provides light meals, mix-and-match munchies, healthy bites, beverages and more.  Guests can further socialize over a game of pool or get a good workout at the well-equipped Re:chargeSM gym, open 24/7.

The property also features three on-site Tactic meeting spaces that are equipped with state-of-the-art A/V equipment and fast and free WiFi. The meeting spaces occupy 176 square meters of versatile, colorful facilities, providing a distinctive style and character for both formal and casual meetings.

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

Hwee Peng Yeo

Asia: 65.9768.6087  US:415.394.6500 • E:

    

www.alofthotels.com.

www.marriottnewscenter.com

@MarriottIntl.

Marcus & Millichap Brokers Sale of 5,000-SF United States Post Office in North Carolina

U.S. Post Office, Pink Hill, NC

Raj Ravi

PINK HILL, NC, March 14, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of a 5,000-square foot United States Post Office located in Pink Hill, North Carolina, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $632,000.

Daniel Hurd, associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller.  The buyer was secured and represented by Douglas Diffie, associate, and Bruce Bentley III, senior associate, both in Marcus & Millichap’s Austin office.  Raj Ravi, broker, assisted in closing this transaction.

“We have been successful in creating a market for several United States Post Office dispositions in recent months and are extremely happy with the results of this sale,” says Hurd. “I was excited for the opportunity to collaborate with two agents from our Austin, Texas office who procured the buyer.”

The United States Post Office is located at 5951 Hwy 11 South in Pink Hill, North Carolina. The property consists of 5,000-square foot building constructed in 1999-2000 and sits on 2.3 acres of land.

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

Ari Ravi

Regional Manager

Tampa,

(813) 387-4700

HFF secures acquisition financing for mixed-use hotel, office and outparcel asset near St. Louis, MO

Le Chateau, Frontenac, MO

 CHICAGO, IL, March 14, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged financing for the acquisition of Le Chateau and the Hilton St. Louis Frontenac, a mixed-use hotel, office and outparcel asset totaling 325,000 square feet in the St. Louis-area community of Frontenac, Missouri.

HFF worked on behalf of the borrower, Bucksbaum Retail Properties, to place the four-year, fixed-rate loan with Ladder Capital.  

Dan Kaufman

The 92.2-percent-leased asset comprises the 263-room Hilton St. Louis Frontenac, the Le Chateau 80,000-square-foot office building, a 7,132-square-foot Triad Bank outparcel lease and two Wells Fargo ground leases that total 60,078 square feet. 

The Hilton St. Louis Frontenac features 25,000 square feet of flexible meeting space, a state-of-the-art fitness center, seasonal outdoor pool, 24/7 business center and full-service restaurant located at 1335 South Lindbergh Boulevard.

 Completed in 1974, the hotel has undergone renovations throughout the years.  The most recent renovations between 2012 and 2016 included enhancements and upgrades to the common areas and guest rooms.

 Le Chateau, which is famous for its open-cage elevator with intricate metal work, contains offices, retail space, a health club, restaurant, catering company and beauty salons.

  Located at 10403 Clayton Road, the building’s French village-style atmosphere is aided by 100-year-old bricks recovered from an abandoned local brewery that are part of the building’s exterior and a grand, open-air atrium detailed with railing made from genuine, hand-wrought Belgium iron. The Wells Fargo ground leases consist of 10401 and 10369 Clayton Road.

The property is situated on a total of 16.5 acres bound by Interstate 64, South Lindbergh Boulevard and Clayton Road in Frontenac, approximately 10 miles from both downtown St. Louis and Lambert – St. Louis International Airport.  The property is also immediately adjacent to Plaza Frontenac, a luxury shopping center anchored by Saks Fifth Avenue and Neiman Marcus. 

Jeff Bucaro

The HFF debt placement team representing the borrower was led by managing director Danny Kaufman and director Jeff Bucaro.

“We were thrilled to work with the team at Bucksbaum Retail Properties to secure this financing,” Kaufman said.  “Le Chateau is a landmark asset in St. Louis.  It will clearly continue to thrive and transform under Bucksbaum’s leadership.”

“The lending team at Ladder Capital performed flawlessly and really stepped up to support the acquisition process,” Bucaro added.

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

Kristen Murphy

Director, Public Relations

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

tel 617.848.1572 | cell 617.543.4873 | www.hfflp.com

krmurphy@hfflp.com

 http://www.bucksbaumrp.com

Pulte Homes Now Pre-Selling: the Estates at Lake Pickett in East Orlando, FL

Lyndsey Patterson

 Orlando, FL --- Pulte Homes recently started pre-selling luxury single-family homes at Estates at Lake Pickett, an exclusive lakefront community located at the corner of Chuluota Rd. and Old Lake Pickett Rd. off of State Road 50 in East Orlando. 

Lyndsey Patterson, director of marketing for PulteGroup’s North Florida division, said Estates at Lake Pickett offers Pulte’s Life Tested® home designs on half-acre to one-acre homesites in a gated community.  Several lakefront home sites are available.

Pulte is currently selling its Signature Series of home designs at Estates at Lake Pickett including the Casabella, a two-story home with six to seven bedrooms, four-and-a-half to five-and-a-half baths, in 5,144+ square feet of living area; the single-story Dockside with from three to six bedrooms, two to five bathrooms, in 2,684 square feet, and the two-story Mariner with from four to six bedrooms, two to six bathrooms, in 3,811+ square feet.  

Three-car garages come with each home in the Signature Series which features a plethora of options and Pulte’s Life Tested features to customize the selected home design.  

Estates at Lake Pickett,  East Orlando, FL

New homes at the Estates at Lake Pickett are priced from $359,990.

Estates at Lake Pickett and the adjacent Lake Pickett Reserve are exclusively the only new home communities on Lake Pickett, “It’s one of the most beautiful residential areas remaining in the region,” Patterson added.

The Estates at Lake Pickett boasts a private community boat ramp to Lake Pickett, a playground and picnic table.  New home owners at the community will enjoy convenient access to the Waterford Lakes shopping center, the University of Central Florida, downtown Orlando, Lake Mary and Lake Nona’s Medical City.

The Estates at Lake Pickett is expected to officially open in the spring.  Meanwhile, pre-selling is taking place in the neighboring community sales center of Lake Pickett Reserve, 18307 Lake Pickett Rd. Orlando Fl 32820. 

To learn more visit www.pulte.com/EstatesAtLakePickett  or call 866-736-4994.

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

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

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