HFF Carolinas expands its investment advisory team with addition of Caylor Mark

Caylor Mark

CHARLOTTE, NC –– HFF announced it has expanded its multi-housing investment advisory team with the addition of director Caylor Mark. 

Mr. Mark will work alongside Justin Good, Jeff Glenn and Allan Lynch to focus on multi-housing investment advisory transactions across the Southeast.

Mr. Mark joined HFF’s Atlanta office in June 2014 and recently relocated to the Carolinas office.  He has more than nine years of experience in commercial real estate and began his career as an analyst at Cassidy Turley in New York. 

Mr. Mark holds an MBA from the University of North Carolina and a Bachelor’s degree from the University of Virginia.  He is an active member of both Urban Land Institute and the National Multifamily Housing Council.   

Ryan Clutter

“We are excited to have Caylor as part of the Carolinas investment advisory team,” said Ryan Clutter, senior managing director and co-head of HFF’s Carolinas office.  “He has a superb track record since joining HFF four years ago, being involved in more than $1.9 billion of closed deals in the Southeast.”

Holliday GP Corp. ("HFF") is a North Carolina licensed real estate broker.

 For more information, please contact:

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
krmurphy@hfflp.com

HFF announces $145 Million construction financing for renovation and expansion of 633 Folsom in San Francisco

633 Folsom office tower, SOMA submarket, San Francisco, CA

SAN FRANCISCO, CA –– HFF announces $145 million in construction financing for 633 Folsom, a seven-story, 171,632-square-foot office building in the SOMA submarket of San Francisco, California.

Bruce Ganong

The HFF team worked on behalf of the borrower, The Swig Company LLC, to secure the construction loan through a domestic bank.  Loan proceeds will be used to complete a full building renovation and expansion, which will add five floors and transform the property into a 12-story, 266,053-square-foot, Class A office building.

Originally built in 1967 by The Swig Company, 633 Folsom has been fully leased for the past 20 years, most recently to California Pacific Medical Center. 

The renovation and expansion project is scheduled to commence in the Summer of 2018 and construction of the new five-story addition will increase the rentable area by over 94,000 square feet and raise the height of the building from 92 feet to approximately 165 feet.

The HFF debt placement team representing the borrower consisted of senior managing director Bruce Ganong and analyst Bercut Smith.

“The planned repositioning and expansion of 633 Folsom coincides with a shift in leasing patterns from traditional tenants seeking 5,000 to 10,000 square feet to large users establishing new headquarters or satellite campus locations in the San Francisco CBD,” said Ganong.  “It will be exciting to watch The Swig Company execute its plan to transform 633 Folsom into a Class A building.”

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

  For more information, please contact:

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
krmurphy@hfflp.com

www.swigco.com.

HFF announces $16.28 Million sale of Eight condominium units in Southern California medical office building

Evan Kovac

SAN DIEGO, CA –– HFF announces the $16.285 million sale of eight fully leased condominium units totaling 40,027 square feet within a Class A medical office building in Rancho Mirage, California.

The HFF team marketed the units on behalf of five separate sellers.  Milwaukee-based Hammes Partners purchased the assets in an off-market, sale-leaseback transaction.

Completed in 2008, the majority of the units in the one-story property are leased to Eisenhower Health (Moody’s: Baa2).  

The property is located at 72780 Country Club Drive at the “main and main” intersection of Country Club Drive and Monterey Avenue in Rancho Mirage, a high barrier-to-entry market with robust demographics. 

The property is less than two miles from the 463-bed Eisenhower Medical Center, the dominant hospital in the area.  As part of the transaction, the sellers signed long-term triple-net leases.

Andrew Milne

The HFF medical office investment advisory team representing the seller consisted of managing director Evan Kovac, director Andrew Milne and senior associate Trent Jemmett.

“The new owner has the opportunity to build a long-term relationship with Eisenhower Health and expand their footprint within Southern California,” Kovac said.  “The condominium units represented the unique opportunity to acquire an institutional-quality core medical office within an excellent market.”

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

Trent Jemmett

Hammes Partners is a private equity firm focused exclusively on the U.S. healthcare real estate market.  

Hammes Partners is complemented by a suite of services offered by its affiliates, including Hammes Company Healthcare, a nationally recognized healthcare industry leader since 1993.  The company is headquartered in Milwaukee, Wisconsin. 

For more information, please contact:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

www.hammespartners.com.

Heartis Village of Orland Park offers assisted living and memory care residences

Heartis Village of Orland Park, IL

CHICAGO, IL — Pathway to Living, a Chicago-based developer, owner and operator of senior living communities, today announced the opening of Heartis Village of Orland Park, a 96-unit assisted living and memory care community in Orland Park, Ill.

“We are so excited to open our doors to the Orland Park community,” said Maria Oliva, chief operating officer at Pathway to Living. “Proud to be a partner of Caddis Healthcare, we envisioned creating an inviting, nurturing community for area seniors, including those who want to remain close to loved ones and feel at home in their new home.”

Maria Oliva

Located at the intersection of 159th Street and Harlem Avenue, Heartis Village of Orland Park is conveniently located near retail and restaurant offerings. The community also is a short drive from Interstates 80 and 57.

  

The Pathway to Living and Caddis Healthcare Real Estate teams gathered with the community’s first residents and village officials to celebrate the opening at an April 12 event with food, drinks, entertainment and property tours.

Developed by Caddis Healthcare Real Estate, the 89,622-square-foot property located at 7420 W. 159th St. includes a three-story assisted living building and single-story memory care wing.

For more information on Heartis Village or to schedule an appointment, visit www.heartis.com or call (708) 444-1231.

For more information on this release, please contact:

Allen Johnson, ajohnson@taylorjohnson.com, (312) 267-4513Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

Goldrich Kest Purchases Prime Apartment Building in West Hollywood, CA for $23.65 Million

Carole Glodney

          CULVER CITY, CA -- Culver City-based Goldrich Kest, one of California’s finest and most successful real estate builders and property managers for six decades, has acquired Infinity West, a 43-unit garden-style apartment building in West Hollywood for $23.65 million. 

 Infinity West is situated near the intersection of Sunset Blvd and La Brea Ave with a walkability score of 89 so most errands can be accomplished on foot with easy access to restaurants, retail stores and parks. 

          According to Goldrich Kest President Carole Glodney, more than $500,000 will be invested into the property that was built in 2012.  It offers studio, one- and two-bedrooms units that include amenities such as a fitness center, conference room and secured parking.

Infinity West Apartments, Culver City, CA

         “West Hollywood is one of Southern California’s most desirable and trendy communities known for its high-energy nightlife, eclectic dining scene, comedy clubs and live music venues live,” said Glodney. “Infinity West is a welcome new addition to the Goldrich Kest portfolio.”

Blake Rogers

         Goldrich Kest purchased Infinity West from Bolour Associates, builders of the property.  HFF’s Managing Director Blake Rogers represented the seller.

         The company was founded by Jona Goldrich and Sol Kest, both Holocaust survivors who have since passed.  They launched their company in 1957 with $200 in their pockets and parlayed that into an extensive portfolio of residential, commercial, industrial, and retail space. 

Among their projects are 120 apartment buildings with 13,188 units, 5 marinas with 2,139 slips, 24 senior living facilities with 4,248 beds, and more than 11 million square feet of commercial space.  Seventy of their apartment buildings accommodate low-income families and Goldrich Kest offers free after-school and summer programs to keep its young residents engaged and eager to learn. 

Jona Goldrich

        Goldrich Kest were innovators in their field having been major proponents of condominiums during their infancy in the 1960’s and building senior living facilities starting in 1965. By 1968, the company was a pioneer developer in Marina Del Rey where they built one of the first luxury apartment/marina complexes in what was previously considered swampland.

        In 1970, they entered the Northern California market by unveiling San Jose Gardens Apartments and the next year extended their footprint to San Diego with the opening of Genesee Park Apartments.

Sol Kest

Throughout the 1970s and 1980s construction boom, Goldrich Kest continued adding government-assisted housing to its portfolio and rapidly became one of California’s largest developers of government-assisted apartments. In the 1980s, the company expanded outside of California for the first time.

For more information about the company, visit goldrichkest.com

For more information, please contact:

Olivia Hennessey Public Relations Specialist 9 Greenway Plaza Suite 700 Houston ,  TX  77046 T: 713-852-3403 ohennessey@hfflp.com |@|*

Antonio Hachem Joins George Smith Partners as Los Angeles-based Firm Continues Rapid Expansion

Antonio Hachem

LOS ANGELES, CA  (April 19, 2018) - George Smith Partners, one of the nation’s leading commercial real estate capital markets advisors, has announced the continuation of its growth strategy with the addition of Antonio Hachem as Principal.

Joining the firm’s seven other Principals, Hachem brings more than a decade of specialized capital markets expertise and a wealth of deep client relationships to George Smith Partners.

Jonathan Lee

“Adding Antonio to the team is the perfect next step in our expansion,” says Jonathan Lee, Principal/Managing Director of George Smith Partners. “In addition to his experience in structured finance, Antonio has deep relationships with a number of life insurance companies who look forward to working with him at GSP.

"Antonio has built his reputation by completing several very high profile structured finance deals with his life insurance company relationship lenders.”

  Steve Bram, a Principal and Co-Founder of George Smith Partners, notes that Antonio’s unique skill set will strengthen the firm’s collaborative results.

Steve Bram

“George Smith Partners boasts a unique structure of collaboration that contributes to the success of the individual brokers and the firm as a whole,” Bram states.

The firm’s now-eight Principals include three Co-Founders - Steve Bram, Gary M. Tenzer, and Gary E. Mozer - who worked closely with the firm’s founder, George Smith, prior to his death in 2005 and  Principals Jonathan Lee,Shahin Yazdi, Malcolm Davies, Bryan Shaffer, and now Antonio Hachem.

“By bringing in younger principals among our team of Principals, we’ve created a true powerhouse that is poised to continue to grow while providing combined knowledge for our Clients at every level,” says Bram.

Gary M. Tenzer

Hachem agrees, noting, “The opportunity to join a firm with such a stellar reputation, strong performance, stability and growth  made this decision an easy one for me.”

Hachem was previously a partner with Pacific Southwest Realty Services (PSRS), where he arranged more than $450 million in financing through his life insurance company relationships. As a specialist in complex transactions, his expertise is well-aligned with the George Smith Partners team, which has secured more than $44 billion in financing on behalf of its clients to date.

Prior to PSRS, Hachem was a broker associate with Coldwell Banker’s commercial and investment division in West LA, where he honed his creative approach to investment properties. By working as an investment sales broker, a syndicator, and a developer, Hachem has the multi-faceted experience to be a successful leader at GSP

For more information, please contact:

Kat Castagnoli/Jenn Quader

Brower Group

(949) 955-7940

kcastagnoli@brower-group.com

www.GSPartners.com.

Native Realty Continues Growth with Two Key Additions; Sara Dorfman and Amanda Roy bring diverse experience to Fort Lauderdale commercial real estate firm

Amanda Roy

FORT LAUDERDALE, FL –– Native Realty, the pioneering Fort Lauderdale commercial real estate firm led by Jaime Sturgis, has announced the additions of real estate agents Sara Dorfman and Amanda Roy. The agents bring experience in numerous commercial real estate sectors to the firm.

Dorfman specializes in multifamily, vacant land and office leasing. Roy focuses on investment sales and leasing industrial and retail assets. Both are based in Native Realty’s Flagler Village headquarters.

Sara Dorfman

“I am thrilled to have Sara and Amanda join our growing team,” said Sturgis. “Both agents are aggressive, dedicated and extremely savvy when it comes to marketing. We continue to look for opportunities to add talented and dynamic agents who share our passion for curating emerging neighborhoods in Fort Lauderdale and throughout South Florida.”

Dorfman has four years of experience as a licensed real estate agent in Florida and 10 years of real estate experience at a family-owned business in New Jersey. She most recently worked at Coldwell Banker’s Las Olas office. Dorfman’s industry affiliations include the Miami Association of Realtors and National Association of Realtors.

Jaime Sturgis

Among Dorfman’s current listings are a triplex rental property available for sale at 1548 SW 23rd Court and an office/retail building available for lease at 621 S. Federal Highway and in Fort Lauderdale. She is also a leasing representative at Ceiba Groupe’s brand-new ID Flagler Village townhouse rental building at 113 NE Sixth St.

A Fort Lauderdale native, Roy is marketing a prime retail property at 412-416 N. Andrews Ave., across from the new All Aboard Florida station and F.A.T. Village, and the Oakland Center property at 1100 W. Oakland Park Blvd. in Wilton Manors. Both properties are available for lease.

In February, Native Realty announced the hiring of 40-year industry veteran R. Bruce “Buzz” Smith to focus on investment sales and work with corporations on relocation opportunities.

Native Realty is headquartered in Flagler Village’s the Hive – a popular complex with retail, restaurants, offices, a vintage arcade bar and yoga studio.

Bruce "Buzz" Smith

Founded in 2017 by pioneering Fort Lauderdale-based commercial real estate broker Jaime Sturgis, Native Realty specializes in leasing and investment sales in the urban core and emerging markets in South Florida.

The company’s brokers bring more than 55 years of real estate experience to the region’s market, working with all types of clients from Fortune 500 companies to small businesses.

Notable clients have included Coca-Cola, Integra Realty Resources, U.S.A. Parking and many more. Native Realty is headquartered in the heart of Fort Lauderdale’s Flagler Village at 908 N. Flagler Drive.

For more information, please contact:

Eric Kalis

Account Director, BoardroomPR

ekalis@boardroompr.com

O 954-370-8999

C 305-794-5123

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

www.nativere.com. 

           

NAI Realvest Hires Seasoned Commercial Real Estate Professional Tony Nandwani

Tony Nandwani

ORLANDO, FL --- NAI Realvest, one of central Florida’s largest commercial real estate services companies, named Tony Nandwani Investment Advisor.

Robin Webb

Robin Webb, managing director at NAI Realvest, said Nandwani has more than 15 years of commercial real estate experience specializing in all aspects of development, construction, and asset disposition in the Orlando area where he has resided over 30 years.   

Webb said Nandwani, a member of the National Association of Real Estate Investment Trusts) (NAREIT), will focus on multi-family and healthcare facilities development at NAI Realvest.   

  

For more information, please contact:

           

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