Amy Mierzwinski Receives Third Annual Lori Raleigh Award for Emerging Excellence in Hospitality Consulting

Amy Mierzwinski (left) Receives Lori Raleigh Award from Kristie Dickinson,
  ISHC award committee chair and executive vice president of CHMWarnick.

 BANGKOK, Thailand -- The International Society of Hospitality Consultants (ISHC) today announced Amy Mierzwinski, MSc CHDM, as the recipient of the third annual Lori Raleigh Award for Emerging Excellence in Hospitality Consulting. Mierzwinski was honored at the ISHC annual conference, held this year in Bangkok, Thailand.

 The guest of honor received a complimentary registration and travel allowance to attend the three-day event, including access to global hospitality experts featured throughout the conference program and exclusive ISHC member networking events.

Mierzinski also was awarded a complimentary one-year Associate Membership to the ISHC to further professional relationships and continue experiencing all that the Society has to offer through events and interacting with top hospitality industry consultants from around the globe. 

Kristie Dickinson

 “Amy’s many accomplishments, achieved within her own career and on behalf of the clients she represents, are a testament to her deep knowledge of hospitality marketing strategies, leadership, professionalism, creativity and continual pursuit of growth,” said Kristie Dickinson, ISHC award committee chair and executive vice president of CHMWarnick.

“Amy has risen as a leader and trusted advisor within her own firm and throughout the industry, receiving many awards and accolades for her work.  She is actively engaged in a number of organizations, including HSMAI. Amy is a hospitality professional deserving of this recognition, and we are confident that this award will inspire and support her continued journey towards becoming a top industry leader, for which she is well on her way.”

Mierzwinski currently is a director at Horwath HTL, a global leader in hotel, tourism and leisure consulting, where she is responsible for branding, sales and marketing and revenue management consultancy. 

The award is named in honor of Lori Raleigh, who is well known as an advocate for continuing education in hospitality consulting and for supporting young talent with creative and passionate leadership. Raleigh is the founder of The Travers Group and served as the executive director of the ISHC from 2000 to 2013. She also contributed to two important industry texts, co-authoring Hotel Investments: Issues & Perspectives and serving as co-editor and contributing author of Hotel Asset Management: Principles and Practices.

Lori Raleigh

Additionally, she oversees Horwath HTL’s client service team in New York and Florida.  Prior to joining Horwath HTL, Mierzwinski held key positions with The Lacek Group, a specialty agency of Ogilvy & Mather based in Manhattan, where she managed a number of hospitality accounts, including the former Starwood, Denihan Hospitality Group and Anson-Stoner.

 Mierzwinski holds a Master of Science degree in Hospitality and Tourism Management from the Rosen School of Hospitality Management at the University of Central Florida and a Bachelor of Arts in Communications from Florida State University, as well as a Certified Hospitality Digital Marketing professional designation from the Hospitality Sales and Marketing Association International (HSMAI). She currently serves on HSMAI’s Digital Marketing Council.

"The International Society of Hospitality Consultants represents the best of the best in consulting, and becoming a member has been a long-term aspiration of mine,” Mierzwinski noted. “To be recognized with the Lori Raleigh Award for Emerging Excellence gives me a great opportunity, not only to further my career aspirations, but to build long-lasting relationships.

“Over the course of my decade in hospitality, I have seen the industry go through numerous changes in technology, the competitive landscape and, particularly in my field of marketing, with the importance of digital strategy.

“The one thing that hasn’t changed is the significance and value of the relationships I’ve made with fellow industry professionals. I look forward to my future involvement in ISHC and hope to set an example for other young hospitality consultants.”

For more information on this press release, please contact:

CHRIS DALY

PRESIDENT

DALY GRAY PUBLIC RELATIONS, INC.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-864-5553

chris@dalygray.com

www.dalygray.com

or

Lauren Marshall, Senior Manager of Marketing & Membership Services

Email: lmarshall@ishc.com

Phone: 678-735-9453

www.ishc.com/awards

www.ishc.com.

Construction Begins on Two Bellamy Student Housing Communities in South Carolina and Alabama

Rendering of Planned Bellamy Coastal Student Housing Facility, Conway, SC

Atlanta, GA – Construction is underway on two luxury student housing communities offering resort-style living. Mallory & Evans Development is building these additions to its Bellamy brand with a combined value of $56 million:

* Bellamy Coastal, a $32 million 480-bed community adjacent to Coastal Carolina University in Conway, South Carolina

* Bellamy Florence, a $24 million 420-bed community near the University of North Alabama in Florence, Alabama

Rendering of Planned Bellamy Florence Student Housing Facility, Florence, AL

Caliber Living, a subsidiary of Mallory & Evans, will lease and manage both communities.

“We’ve been building private student housing since 2006, and every community improves on the previous ones,” said Mallory & Evans Principal Brantley Basinger. “These new Bellamy communities will offer private off-campus student living as never experienced in these markets.”

Both gated communities will have fully-furnished apartments with private bedrooms and baths, 60” flatscreen TVs, study areas, community-wide WiFi and onsite management and maintenance. Luxury amenities include a pool, sundeck, 24-hour fitness center, covered outdoor patios with TVs, washer/dryers, tanning beds, a clubhouse, fire pits and grills. They also offer access to greenspace and trails.

Brantley Basinger

The latest smart-home technology includes security systems, locks and thermostats that can be accessed through mobile apps. Amazon Alexa, the voice-activated Internet access, will let residents place orders online, and get important information from management quickly.

Bellamy Coastal is right next to the CCU campus, while Bellamy Florence will connect to the University of North Alabama student transportation system. Parking will include one space per resident, plus visitors spaces. The communities will also have sidewalks and bicycle storage.

Initial construction started in August. A formal groundbreaking for Bellamy Florence is set for Sept. 20. Completion is expected before fall semester of next year.

For information about rents, leasing, etc., visit the Bellamy Coastal at www.BellamyCoastal.com and Bellamy Florence at  www.BellamyFlorence.com and sign up.

For more information on this press release, please contact:

Terri Thornton

Partner, Thornton Communications

Phone: 404-932-4347

Email: Terri@TerriThornton.com

 Website: www.TerriThornton.com

29th Street Capital Expands to Southern California; Richard Marshall to Source Multifamily Deals

 

Richard Marshall

San Diego, CA – Richard Marshall has joined 29th Street Capital as Acquisition Director for Southern California. Marshall is responsible for all facets of the privately-held real estate investment and advisory firm’s activity in the Southern California market, and will lead all multifamily acquisitions and asset management strategies there.

Marshall has over 14 years of real estate investment, development and asset management experience across a variety of asset types, including multifamily. Prior to joining 29th Street Capital, Marshall was an Asset Manager with Sabal Financial Group working with distressed debt and distressed real estate.

In this role, he was responsible for all loan resolutions including: discounted pay-offs, loan restructuring, deed-in-lieu of foreclosure, foreclosure and litigation. Additionally, he was fully responsible for re-positioning, leasing, renovations and dispositions of all assets in his portfolio.

“Richard brings a tremendous amount of experience to 29SC and a strong knowledge of multifamily fundamentals throughout Southern California,” said 29th Street Capital Managing Director Robert Bollhoffer. “He has a remarkable entrepreneurial mentality and we look forward to supporting Richard as we expand into this region.”

Before joining Sabal, Marshall was part of Archstone Apartments highly-competitive post-MBA Management Development Program. In addition to working directly with on-site personnel, Marshall assisted with acquisitions and dispositions in Southern California as well as tax compliance in New York City.

Robert Bollhoffer

While working with a Receiver, Marshall oversaw a collection of apartment buildings in Santa Monica, California and was responsible for repositioning the properties. Prior to that, Marshall was Director of Real Estate acquisitions for Hanford Hotels, focusing on land acquisitions for hotel development.

“I am excited to join the 29th Street Capital team and begin to focus on multifamily acquisitions,” Marshall stated. “I believe there is great opportunity throughout Southern California and I believe a local presence will prove beneficial.”

In addition to sourcing and completing acquisitions, his responsibilities involve end-to-end oversight of projects including the selection of third-party management, supervising all capital projects, marketing/design and eventual disposition.

Marshall obtained a Master’s degree in Business Administration with a concentration in Business Leadership from the University of Notre Dame. He also completed his Master of Science in Real Estate from the University of San Diego. He obtained his Bachelor’s degree from California State University at Fullerton.

For more information on this press release, please contact:

Terri Thornton

Partner, Thornton Communications

Phone: 404-932-4347

Email: Terri@TerriThornton.com

 Website: www.TerriThornton.com

www.29thstreetcapital.com.

Charles Dunn Company's Bank Property Group Completes $5.05 Million Sale of a U.S. Bank-Anchored Retail Property in Lynwood, CA

Kyle Gulock

LOS ANGELES, CA - Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $5.05 million sale of a fully occupied, 9,375-square-foot two-tenant retail property anchored by U.S. Bank in Lynwood, Calif.

Kyle Gulock and Matt Kramer of Charles Dunn Company's Bank Property Group represented the seller, a private investor from Los Angeles. The buyer, a private international investor, was represented by Industry Partners. The transaction closed at a capitalization rate of 5.75 percent and a strong price of $538 per square foot.

"With more than one million people within a square mile of this asset, our Bank Property Group focused on the strong tenancy, as well as the property's intrinsic value being that it is situated within a path of progress," said Gulock.

The property had been on the market several times with other brokerage firms, however, Bank Property Group took a specialized approach to communicate the strength of the tenant at this location to the buyer.

"We have a depth of contacts and resources within the bank property niche and were able to tap into potential investors on a national and international basis," commented Gulock.

Matt Kramer

 "We also set up a meeting with the eventual buyer and the bank manager who was able to clearly communicate the strength of this particular branch and how it serves the local community on a day-to-day basis."

Located at 3645 E. Imperial Highway, the property is situated on a .63-acre parcel and is highly visible to more than 31,800 daily vehicles on one of the region's most well-travelled roadways.

 In addition to being occupied by U.S. Bank, one of the nation's largest financial institutions, the second tenant is union store front office, SEIU Local 99.

For more information on this press release, please contact:

Darcie Giacchetto

D.G. Communications, Inc.

949.278.6224

 www.charlesdunn.com

American Realty Advisors Expands Sales and Investor Relations Team; Adds New Senior Vice President/Client Portfolio Manager

  

James Mitchell

 LOS ANGELES, CA – American Realty Advisors (“ARA”) has announced the expansion of its sales and investor relations team with the addition of James Mitchell as its new Senior Vice-President/Client Portfolio Manager. Mr. Mitchell will be based in ARA’s Chicago office.

In this role, Mr. Mitchell will be responsible for leading the firm’s sales and client service efforts nationwide for ARA’s Taft-Hartley relationships through the firm’s commingled funds and separate accounts.

Mr. Mitchell brings to ARA nearly 30 years of experience working with jointly-trusteed funds nationwide.  Most recently, he was National Director of Asset Management Relationship Development for BMO Asset Management, focusing on customized asset management, trust and custody, and banking needs of the labor community.

 Prior to joining BMO, Jim worked at Northern Trust as a National Director of the Taft-Hartley Investment Client Solutions Group.  Previously, he also served as Executive Director of the Inter-Local Pension Fund/Graphic Communication Conference of the International Brotherhood of Teamsters, the Automobile Mechanics Local 701 as the Controller, and at Thomas Harvey, LLP. 

Jay Butterfield

Jay Butterfield, ARA’s Executive Managing Director and Head of Business Development, commented, “We are thrilled to have Jimmy join our professional team and to add his considerable skills and experience to continue ARA’s long-standing commitment to serve the Taft-Hartley community. 

"We are dedicated to helping plan sponsors meet their obligations in securing the future for their plan participants and beneficiaries, and Jimmy will be a strong addition to accomplish these goals.”

Mr. Mitchell graduated from Dominican University with a degree in Business Administration and Accounting.  He is a member of the International Foundation of Employee Benefit Plans, Illinois CPA Society, American Institute of Certified Public Accountants, and Purple Hearts Foundation.

 For more information on this press release, please contact:

Miki Akil / Lexi Astfalk for American Realty Advisors

Brower, Miller & Cole

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

EagleBridge Capital Arranges $9 Million Mortgage for Boston Verizon Facility

Verizon Facility, 173 Boston Street, Boston, MA

Ted M. Sidel

Boston, MA --  EagleBridge Capital, working exclusively on behalf of its client, has arranged permanent mortgage financing in the amount of $9,000,000 for the Verizon facility located at 173 Boston Street, Boston, Massachusetts. 

The mortgage financing was arranged by EagleBridge principals Ted. M. Sidel and Brian D. Sheehan who stated that the loan was provided by a leading financial institution.

The facility is net leased to Verizon New England which has been a tenant at 173 Boston Street for more than 45 years.  The complex serves as an important hub for Verizon within the City of Boston. Its location offers convenient road access to the City’s neighborhoods and downtown area.

Brian D. Sheehan

Verizon occupies a mix of office and service space including a carport and a warehouse/service building with multiple drive-in doors.  

The buildings total 57,600 square feet including 20,000 square feet of office space.  The 3.88 acre secure site offers ample parking for Verizon’s fleet of service vans and cherry pickers used to service, repair, and install telephone and internet service throughout the City of Boston.

 EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging  debt and equity financing as well as joint ventures for industrial, office, and r & d buildings,  shopping centers, apartments, hotels, condominiums and mixed use properties as well as special purpose buildings.

 For more information on this press release, please contact:

Ted Sidel

(617) 292 7177

Ext 100

Or

Stanley J. Sidel

Senior Advisor

EagleBridge Capital

33 Broad Street

Boston, MA 02109

Tel: 617-292-7177 Ext. 300

www.eaglebridgecapital.com

HFF hires Michael Roberts as a senior director focused on industrial sales in Southern California and the West Coast

Michael Roberts

 LOS ANGELES, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has hired Michael Roberts as a senior director in its Los Angeles office.  Mr. Roberts will work alongside HFF’s Andrew Briner and Scott Pertel concentrating on industrial investment sale transactions throughout Southern California and the West Coast.

Mr. Roberts joins HFF from Colliers International where he was a managing director and member of their Investor Services Group and responsible for office and R&D investment sales in the Western United States.

 Prior to that, he was a director at Cushman and Wakefield, where he co-led the office and industrial sales platform for the San Diego region.  Mr. Roberts is an active member of Urban Land Institute and holds a Bachelor of Arts from the University of California, San Diego. 

“We are excited to have Michael join our growing team, and look forward to the value he can add as part of the HFF platform,” said Kevin MacKenzie, senior managing director and co-head of HFF for the West Coast. 

Kevin MacKenzie

“We continue to experience insatiable demand in the investment sales, debt and equity space for industrial product, with Southern California leading the way as a top market in the country.  In order to meet demand and best serve our clients, we are focused on building out our team with best in class industrial-focused professionals in Southern California led by Andrew Briner who joined us in May of this year.”

Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

For more information about this press release, please contact:

Kristen M. Murphy

Director, Public Relations

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

Marcus & Millichap Arranges Sale of 53,425-square foot Self-Storage Facility in Stockton, CA

Michael A. Mele

 STOCKTON, CA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Stockton Self Storage, a 53,425-square foot self-storage facility located in Stockton, CA, according to Ari Ravi, regional manager of the firm’s Tampa office.

Devin Beasley, investment specialist in Marcus & Millichap's Phoenix office, Luke Elliott, first vice president investments in Marcus & Millichap's Tampa office, Michael A. Mele, senior managing director, also in the Tampa office, and Daniel Kuchugurny, investment specialist in Marcus & Millichap's Sacramento office, had the exclusive listing to market the property on behalf of the seller, a private investor.

The buyer, an out-of-state private investor, was secured and also represented by Elliott, Beasley, Mele and Kuchugurny. James Markel, Broker, assisted in closing this transaction.

“Bidding was very competitive from a variety of capital groups, offers coming in from California, the East Coast and Southwestern United States. Ultimately the out of state buyer obtained a very solid asset,” says Elliott.

Luke Elliott

Stockton Self Storage is located at 1880 West Charter Way, this thoroughfare is also known as State Route 4. Situated on 6.60 acres, this institutional-quality facility makes up 53,425 rentable square feet among 409 non-climate controlled units and 225 covered boat/RV parking spaces for a total of 634 units. 

“The commitment of the buyer and seller to The Mele Group's process resulted in a smooth and efficient transfer of a high-quality asset which left both parties very pleased at the closing,” adds Beasley.

For more information about this press release, please contact:

Ari Ravi

Regional Manager, Tampa

(813) 387-4700

Hold-Thyssen Negotiates $1.05 Million Sale of Multi-Tenant Office Building in Ocala, FL

Therese Taylor

Ocala, FL --- Hold-Thyssen, Inc. a full service commercial real estate firm recently negotiated a $1,050,000 sale of Springs Plaza, a 19,862 square foot office building at 5431 E. Silver Springs Blvd. in Ocala.

Therese Taylor, transactional broker at Hold-Thyssen, represented Lichtenberg Corporation of Delaware, the seller of the multi-tenant, one-story office building that was built in 1979. 

The buyer is Springs Plaza Ocala, LLC.  The transaction included a NNN lease with anchor-tenant BB&T Bank.  The building is situated on 4.84 acres on Rt. 40 in a high-growth area.

Hold-Thyssen provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

For more information about this press release, please contact:

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

.

Hold-Thyssen Negotiates Five Year Lease at Royal Oaks Plaza in Clermont, FL

Darby Hold

CLERMONT, FL --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park, recently negotiated a five year  lease  for 1,168 rentable square feet at 2105 Hartwood Marsh Rd. in Clermont.

The Hold-Thyssen leasing team of Darby Hold and Alex Rowlinson represented the landlord 2105 Hartwood Marsh Road Holdings, LLC. 

Joseph Shemansky of Alpha Properties Group represented the new tenant, K9 Crew Cuts LLC, a dog grooming service who leased Suite 8 in Royal Oaks Plaza 

Hold-Thyssen, Inc. provides commercial property brokerage along with leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

For more information about this press release, please contact:

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

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NAI Realvest Negotiates $3 Million Sale of 60 Acres in Fast-Growing Disney Four Corners Area of Central Florida

Jason G. Toll

Osceola County, FL -- NAI Realvest recently completed an assemblage of 60 acres of development land in the high-growth U.S. Hwy 27 / 192 Disney Four Corners Area and negotiated sales of both parcels at $3,000,000 total or $50,000 per acre. 

Jason G. Toll, director of industrial services at NAI Realvest, said he negotiated both transactions representing separate sellers of two parcels with future land use designations of “tourist community.”

   Located just east of U.S. 27 within a mecca for vacation homes, villas and golf courses, the property will front the new Westside Blvd. Extension immediately north of ChampionsGate.  

The buyer, Eli Steinhardt, principal in a Skokie, Ill.-based construction firm, plans to develop a community of short-term rental vacation homes. 

The transaction included 40 acres near the northeast corner of Bella Citta and Barry Roads sold by Hojosaki, LLC of Newton, MA. for $2,000,000,  and 20 acres sold by Mel-Mic, Inc. of Clermont, Fla. for $1,000,000.

Toll said he listed the 40 acres then he approached the owner of the adjacent 20 acres to have a larger combined offering.  The parcels were under contract with a developer who withdrew several months into due diligence before Steinhardt was approached.

For more information on this news release, please contact:

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

HFF announces $32.6M financing for 625 Mount Auburn Street in Cambridge, MA

 

625 Mount Auburn Street Office Building, Cambridge, MA

Brett Paulsrud

BOSTON, MA – September 6, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the acquisition financing for 625 Mount Auburn Street, a 137,421-square-foot, three-story, Class A office building in Cambridge, Massachusetts.

The HFF team worked on behalf of the borrower, The Davis Companies, to secure the $32.6 million, fixed-rate loan through BBVA Compass Bank.  Loan proceeds were used to acquire the property, in a sale arranged by HFF.

 625 Mount Auburn Street is situated in the West Cambridge submarket of Cambridge, conveniently located next to an MBTA bus line providing direct service to and from Harvard Square and the MBTA Red Line station.  

The 3.03-acre site is also proximate to Route 2 and the Massachusetts Turnpike (Interstate 90), providing vehicular access to the suburban executive communities of Wellesley, Weston and Newton, among others.  The 98.5-percent-leased property is anchored by Charles River Analytics, Mount Auburn Hospital and several other technology tenants.  Renovated in 2001, 625 Mount Auburn Street features a two-story atrium, fitness center, café area and free on-site parking. 

Connor Allen

The HFF debt placement team representing the borrower included senior director Brett Paulsrud and analyst Connor Allen.

“HFF was able to work closely with The Davis Companies’ team to secure a loan that met all their objectives for the asset,” said Paulsrud.  “The property is a great addition to The Davis Companies’ portfolio and I look forward to watching them execute the business plan they have in place.  It is always a pleasure to work with such a best-in-class organization.” 

For more information on this news release, please contact:

Kristen M. Murphy

Director, Public Relations

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

http://www.thedaviscompanies.com/

HFF announces $44M mezzanine financing for best-in-class mixed-use development in downtown Baltimore, MD

 

Rendering of planned 1 Light Street Mixed-Use Tower
Downtown Baltimore, MD 

 

Mark Remington

 

WASHINGTON, DC – Holliday Fenoglio Fowler, L.P. (HFF) announces $44 million in mezzanine financing for the development of 1 Light Street, a 28-story, luxury mixed-use tower in downtown Baltimore, Maryland.

The HFF team worked on behalf of the borrower, Madison Marquette, to secure the mezzanine loan through Bridge Investment Group Holdings.

Currently under construction, 1 Light Street will feature 280 luxury residential units, 252,243 square feet of modern office space, over 5,000 square feet of ground floor retail and a 646-space, nine-level parking garage. 

The 10 floors of residential units will begin on the 18th floor and will have best-in-class finishes including 9’ ceilings and a glass curtain wall as well as access to a rooftop infinity edge pool, a resident lounge, game room, fitness center and a pet spa.  Units will be offered in studio through two-bedroom/den layouts.

Brian Crivella

The nine floors of office space beginning on the 9th floor is 66 percent pre-leased to M&T Bank, who will also lease a portion of the retail space.  Situated two blocks from Baltimore’s Inner Harbor, 1 Light Street is conveniently located within walking distance to Harborplace,

The Gallery, Power Plant, Power Plant Live!, Camden Yards and M&T Bank Stadium.  Additionally, the property is close to multiple metro stations and bus stops and has immediate access to the Jones Fall Expressway (Interstate 83) and Interstate 395/95 providing access to Baltimore-Washington International Airport and Washington, D.C.

The HFF debt placement team representing the borrower included managing director Mark Remington, director Brian Crivella and associate Drake Greer.

“This represents a significant win for our client and investment by Bridge, but more importantly, we congratulate Madison Marquette on securing the M&T Bank pre-lease and for having the conviction to begin construction with equity, prior to securing the full capital stack…that is what made this transaction possible,” said Remington.

For more information on this news release, please contact:

Kristen M. Murphy

Director, Public Relations

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

Shopoff Realty Investments Acquires The Sacramento Bee’s 10.9-Acre Office and Flex Industrial Property

William Shopoff

SACRAMENTO, CA – Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, announced the company has acquired The Sacramento Bee’s 10.9-acre office and industrial property in Midtown Sacramento, currently housing the paper’s printing and distribution facility.

The location is also the national headquarters for The McClatchy Company, which owns The Sacramento Bee and 29 other daily newspapers throughout the United States. McClatchy intends to remain in the building; concurrent with closing Shopoff executed a 15-year triple net lease.

“This property represents another strategic asset acquisition for our firm, which has the potential to provide steady cash flow,” said Shopoff Realty Investments CEO William Shopoff. “With longstanding roots in the neighborhood, we are pleased that McClatchy and The Sacramento Bee have made a commitment to remain in the building and continue providing quality news to local residents.”

The property is located in the Midtown submarket of Sacramento, which has seen a flurry of interest from developers in recent years. Its transformation from a strictly industrial neighborhood has begun, with more than 650 new residential housing units currently in the planning stages or under development.

“The influx of new residents and companies moving to the Sacramento area has been tremendous, and we are confident that the changes taking place in midtown will only add to the allure and attraction for new residents, and the subsequent value of this 10+ acre property,” said David Placek, executive vice president of Shopoff Realty Investments.

For more information on this news release, please contact:

Jill Swartz

Spotlight Marketing Communications

949.427.5172, ext. 701

jill@spotlightmarcom.com

JLL arranges sale of Phoenix industrial portfolio

Mark Detmer

PHOENIX, AZ – JLL’s Capital Markets experts announced the company arranged the sale of a 266,607-square-foot industrial portfolio on behalf of The Hewson Company.

TA Realty purchased the portfolio, located in Scottsdale, Arizona and Tempe, Arizona, for $24.5 million.

Managing Directors Mark Detmer, Bo Mills and Bill Honsaker, Senior Vice President Steve Larsen and Vice President Ryan Sitov led the JLL team on the transaction.

"Both the Tempe and Scottsdale submarkets benefit from low vacancy rates and strong rental rate growth,” said Detmer. “The quality of the assets and tenant diversity made this portfolio an exceptional opportunity for investors.”

The portfolio is comprised of four industrial/flex assets, located at 9160 S. McKemy St., 9185 and 9245 S. Farmer Ave. in Tempe and 7400 E. Tierra Buena Lane in Scottsdale. The portfolio is over 96 percent

leased to 12 tenants across a variety of industries, including IT services, transportation, automotive and home improvement.

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For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv.

For more information on this news release, please contact:

Maggie Nichols

Phone: +1 312-228-3837

Email: Maggie.Nichols@am.jll.com