The Habitat Company Assumes Management of 18 Affordable Housing Communities in Chicago

Mary Jane Richardson-Jones Apartments
4922 South Langley Avenue
266 apartments

CHICAGO, IL, July 10, 2019  – Chicago-based The Habitat Company, a leading U.S. multifamily developer and property manager, announced it has assumed management of 18 Chicago Housing Authority (CHA)-owned affordable housing communities in Chicago. 

The properties add 4,468 rental units to the portfolio of the Habitat Affordable Group, the company’s affordable housing division, which now operates more than 12,000 units across three states.

“Our longstanding partnership with the Chicago Housing Authority has been mutually beneficial and we are honored that the CHA continues to entrust us with the property management of their communities,” said Kimberly Sisney, vice president at Habitat Affordable Group.

Kimberly Sisney

 “We have doubled our support staff at the Chicago regional office to ensure we can provide our residents with customer service excellence and responsiveness for these additional 18 communities.”

The 18 CHA properties now under Habitat’s management are scattered throughout the city’s West and South sides and include: 

·         Long Life: 344 W. 28^th Place; 116 apartments

·         Patrick Sullivan Apartments: 1633 W. Madison St.; 482 apartments

·         Albany Terrace Apartments.: 3030 W. 21^st Place; 350 apartments

·         Fannie Emmanuel: 3916 W. Washington Blvd.; 181 apartments

·         Irene McCoy Gaines: 3700 W. Congress Parkway; 151 apartments

·         Lorraine Hansberry: 5670 W. Lake St.; 169 apartments

·         Alfred Barnett Duster: 150 S. Campbell Ave.; 129 apartments

·         Las Americas: 1611 S. Racine Ave.; 212 apartments

·         Armour Square: 3250 S. Wentworth; 393 apartments

·         Elizabeth Davis: 440 N. Drake Ave.; 149 apartments

·         Lincoln Perry Apts.: 3245 S. Prairie Ave.; 442 apartments

·         Mary Jane Richardson-Jones: 4922 S. Langley Ave.; 266 apartments

·         Ada S. Dennison-McKinley: 661 E. 69^th St.; 125 apartments

·         Kenneth Campbell Apartments: 6360 S. Minerva Ave.; 165 apartments

·         Vivian Carter: 6401 S. Yale Ave.; 221 apartments

·         Minnie Riperton Apartments: 4250 S. Princeton Ave.; 335 apartments

·         Judge Slater Apartments: 4218 S. Cottage Grove Ave.; 402 apartments

·         Major Robert Lawrence Apartments: 655 W. 65^th St.; 191 apartments

Patrick Sullivan Apartments: 1633 West Madison Street
 482 apartments

Habitat started as an affordable housing developer on Chicago’s South Side in 1971, growing to become one of the largest multifamily developers, owners and managers in the country. Today, the company is the largest private property manager for the CHA, with 8,215 CHA units in its portfolio.

“There’s not enough affordable housing in Chicago to meet demand, so it’s important that these residents are taken care of and the buildings maintained,” said Sisney. “The addition of these properties to our management portfolio supports Habitat’s goal of not only growing the portfolio, but also ensuring there is quality housing available across all income levels.”

Including market-rate units, Habitat’s management portfolio comprises more than 22,000 apartments across six states, of which more than half are affordable housing. 

 CONTACTS:

 Robin Plous, rplous@taylorjohnson.com, (312) 267-4512

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

www.habitat.com.

Illustrated Properties Platinum Top Producer Lynn B. Telling Lists $17 Million fully renovated estate with Expansive Ocean Frontage in Sailfish Point, Stuart, FL

Lynn B. Telling

STUART, FL, July 10, 2019 – Illustrated Properties, a member of The Keyes Family of Companies, has listed the largest and most luxurious home in Sailfish Point for $17 million. The property is called Il Santuario.

The 17,000-square-foot, two-story mansion sits on two exquisite acres and has 280 feet of direct ocean frontage with captivating sunrise and sunset exposures.

Sailfish  Point Mansion, Il Santuario, on Dune Drive, Stuart, FL

“Il Santuario is a prime opportunity for the individual who wants a completely renovated oceanfront estate with the privacy and security of one of Florida’s most exclusive country club communities,” said Lynn B. Telling, a Platinum Top Producer and Luxury Specialist with Illustrated, the exclusive listing agent.

 “The property is well-priced against what oceanfront homes are selling for per square foot on Jupiter Island and Palm Beach.”

Peter J. Trematerra

This architectural masterpiece features eight bedrooms, nine baths, four half-baths and a six-car garage.

Second-floor bedrooms include a luxurious master suite of over 1,000 square feet encompassing his-and-her private baths, spa tub, a relaxing master lounge area and an expansive dressing room.

The suite features several private oceanfront wraparound terraces with exquisite views.

The home’s interior is finished with imported marble and elegant Swarovski chandeliers and features a full gourmet kitchen with top culinary-chef appliances. Dining, sitting and entertaining areas open onto ocean views.

Jack Nicklaus designed golf course

 The oceanside, wet-edge lap pool is adorned with sheet waterfalls and gently flowing fountains. Private mother-in-law’s suite or staff quarters with pool and ocean views.

Sailfish Point homeowners can dock yachts of up to 125 feet at its private marina, which has ocean access. Golf club members play a Jack Nicklaus Signature course.

Country club members enjoy fine dining and organized social activities at the oceanfront clubhouse, plus outdoor sports, a fitness center and spa.

The seller is a leading Florida homebuilder whose current project is Bonnette Hunt Club, an exclusive community of just 24 homes in nearby Palm Beach Gardens.

Telling and Illustrated are also exclusively marketing the Bonnette project. Peter Trematerra, principal of Parkwood Distinctive Homes, spent two years restyling and modernizing every square foot of his Sailfish Point home, which sits on what had been two lots.

 His personal touches include secluded walkways through tropical gardens of flowing koi ponds and waterfalls seen from the circular dining room and main living areas.

 CONTACTS:

Lynn B. Telling

 561-310-2247

lbtelling@gmail.com.

Eric Kalis

Vice President, 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

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Hold-Thyssen Closes Multi-Year Lease for Counseling Center of Tampa Bay at Bridgewater Professional Park

Theresa  Margaris

Lutz, FL --- Hold-Thyssen, LLC, a full service commercial real estate firm with offices in Clearwater and Winter Park , recently closed on a long term lease for Counseling Center of Tampa Bay in the Bridgewater Professional Park , 4913 Van Dyke Rd. in Lutz.  

 Theresa Margaris, commercial associate at Hold-Thyssen, brokered the transaction representing the tenant and the landlord, Richard Pilant of Saint Petersburg .

Bridgewater Professional Park, Lutz, FL

  Margaris relocated the established counseling group from a neighboring property into the 1,200 square foot office suite at Bridgewater Professional Park to maintain proximity to their client base.

 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 than 100 commercial properties throughout the United States .

CONTACTS:

Richard J. Fisher, Vice President/Investor Services, Hold-Thyssen, Inc., 813-880-7100 ext303 Rfisher@HoldThyssen.com

Theresa Margaris Commercial Associate, Hold-Thyssen, Inc.,

813-880-7100, TMargaris@HoldThyssen.com  

Beth Payan, Larry Vershel Communications Inc.

407-644-4142 Beth@larryvershel.com

SVN Florida advisor Bartow McDonald IV coordinating sale of famed Jumbolair in Ocala, FL

Bartow McDonald IV

Ocala, FL July 9, 2019 – Bartow McDonald IV, managing director at SVN Florida, is marketing and coordinating the sale of a $10.5 million aviation community property in Ocala, Fla., situated on the longest private runway in the United States. 

Jumbolair features the former Muriel Vanderbilt mansion, a warehouse/manufacturing complex, a banquet hall, horse stalls and Jumbolair Aviation Estates. The estates are a 38-lot private aviation residential development with deeded access to the runway.

“This is a tremendous property: Jumbolair has such a colorful history,” McDonald said. “It’s a point of departure for all kinds of private and business travel. The runway is so large it can accommodate a Boeing 747 Jumbo Jet.”

Terri Jones

Muriel Vanderbilt Mansion
and Conference Center
 Ocala, FL

Jumbolair Aviation Estates is a gated community zoned for residential, industrial and agricultural use. The mansion contains 7,686 square feet, along with a 1,000-square-foot swimming pool and bar.

The five-building warehouse complex is 88,730 square feet. Comprising the residential units are seven single-family homes, six apartment units and a seven-unit park for mobile homes.

“This is the place for someone with a passion for aviation who wants to be part of an exciting, vibrant community,” McDonald said. “This property is also in the heart of thoroughbred horse country.

"Ocala is the horse capital of the world, and the World Equestrian Center is just a short distance away – perfect for someone in the market for an equestrian estate.”

Back in the 1970s, a Vanderbilt horse farm occupied the land. But Arthur Jones, who invented theNautilus line of exercise equipment, acquired the property and set up – among other things – a refuge for African wildlife.

His ex-wife, Terri Jones, turned the property into an aviation community a decade later.

The Joneses and their work have been the subjects of reports on the ABC news program “20/20,” as well as “Lifestyles of the Rich and Famous” and other TV programs. Terri Jones appeared on Johnny Carson’s “The Tonight Show.”

John Travolta and his Ocala, FL estate

The Jumbolair Airport runway is 7,550 feet long, paved and lighted. Five Quonset hut hangers sit on the property, along with some horse stalls and a banquet hall that can seat 400.

The 550-acre Jumbolair complex has been the stuff of folklore for many years. Actor John Travolta and his wife, Kelly Preston, are longtime residents of the estates.

Decades ago, the wildlife refuge at Jumbolair included a herd of elephants, some rhinos, thousands of crocodiles and a silverback gorilla named Mickey.

Kelly Preston

Also, the Jumbolair Airport runway is the site of the WannaGOFAST Florida 1/2 Mile Shootout, a renowned annual racing event for street-legal cars.

CONTACTS:

Bartow McDonald IV, managing director, SVN Florida Commercial Real Estate Advisors, 352-274-3800 / bartow.mcDonald@svn.com

Ken Zeszutko, Z Corp. PR, 321-213-1818 / kenz@zcorppr.com

NAI Realvest Negotiates New Office Lease for Engineering Firm Relocating To The American Building in Maitland Center, FL

Jeff Bloom

ORLANDO , FL -- NAI Realvest recently closed on a multi-year lease for 15,588 square feet of Class A office space in The American Building at 1051 Winderley Place in Maitland.         

Jeff Bloom, CCIM, vice president at NAI Realvest negotiated the transaction representing the local tenant Horizon Engineering Group. 

The civil engineering company is relocating and tenant improvements will be completed on the property before they open for business in mid September. 

  Landlord MPM Holdings, Inc. was represented in the transaction by John Piekiewicz of Foundry Commercial.

John Piekiewicz

CONTACTS:

Jeff Bloom, CCIM, Vice President, NAI Realvest,

407-857-9989
JBloom@realvest.com

Patrick Mahoney, President / CEO, NAI Realvest,

407-875-9989 
PMahoney@realvest.com

Beth Payan, Larry Vershel Communications,

407-644-4142
lvershelco@aol.com beth@larryvershel.com 

www.NAIRealvest.com

HFF closes $46.5 million sale of 200-unit multi-housing community in Morrisville, NC

Bainbridge Lake Crabtree, a 200-unit, mid-rise apartment community at 2599 Evans Road in Morrisville, NC

CHARLOTTE, NC –  Holliday Fenoglio Fowler, L.P. (HFF) announces it has closed the $46.5 million sale of Bainbridge Lake Crabtree, a 200-unit, mid-rise apartment community in Morrisville, North Carolina.

HFF marketed the property on behalf of the seller, The Bainbridge Companies, LLC and its partner, Amzak Capital Management, and procured the buyer, RK Properties.

 

Justin Good

Bainbridge Lake Crabtree is located at 2599 Evans Road in the high-growth market of Morrisville and provides connectivity via nearby Interstate 40 to Research Triangle Park and downtown Raleigh.  

Completed in 2018, the 9.55-acre property comprises units averaging 1,015 square feet with high-end amenities, including chef-inspired kitchens with islands, stainless steel appliance, quartz countertops and white Shaker-style cabinets; combination walk-in showers and garden tubs; oversized, triple-paned windows with marble window sills; Google fiber; and Nest thermostats. 

Luxury common-area amenities include a South Beach-style pool with sun deck and tree-lined sun shelf; interior courtyard with fire pits, Edison lighting, gazebo and grilling station; pet spa and pet bark park with canine drinking fountain; exposed brick and glass-defined clubroom; and state-of-the-art fitness center with yoga studio.

The HFF team was led by managing directors Justin Good and Jeff Glenn, senior director Allan Lynch and director Caylor Mark.

Allan Lynch

“With its third purchase in the Carolinas, RK Properties has invested in an asset boasting the Bainbridge Companies pedigree in one of the fastest-growing, tech-centric metros in the country,” Good said.

“Bainbridge Lake Crabtree represents superior product in a location defined by connectivity and growth, which is evident in its performance and market reception,” Glenn added. 

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

About The Bainbridge Companies, LLC

The Bainbridge Companies is a leading owner, developer and manager of luxury multifamily apartment communities. 

 Founded in 1997, Bainbridge is a fully integrated family of real estate companies engaged in the development, construction, management and acquisition of residential and commercial real estate.

 Bainbridge is headquartered in Wellington, Florida, and Bethesda, Maryland, with regional offices in Raleigh, North Carolina; Orlando, Florida; Atlanta, Georgia; Denver, Colorado; and New York City. 

Jeff Glenn

 Bainbridge’s team consists of over 600 passionate professionals across its offices and portfolio.

About Amzak Capital Management

Amzak Capital Management is a highly successful asset manager and private equity investor dedicated to wealth preservation and generation.  

With an entrepreneurial heritage having being founded by a family that has successfully built, managed and exited various businesses, Amzak takes an active and flexible approach to investment management.  

The firm primarily focuses on four investment strategies: private equity, real estate, fixed income and healthcare, principally in the Americas region.

About RK Properties

Since its founding in 1976, RK Properties has purchased and managed over $1.5 billion in multifamily apartment assets.  RK Properties current portfolio includes approximately 4,000 units in the southeast and southwest. 

 The company offers multifamily replacement properties for 1031 tax deferred exchanges, as well as DST and fund investment opportunities for accredited investors who are seeking a real estate investment.

Caylor Mark

  As of this closing, RK Properties has sponsored approximately 152 private placement programs, of which 134 programs have gone full cycle. 

Bainbridge Lake Crabtree is RK Properties’ second North Carolina acquisition in two months, and its sixth acquisition in the Southeast since 2017.  The company plans to continue its expansion in the region. 

CONTACTS:

JUSTIN GOOD

NC Lic. #261333

HFF Managing Director

(919) 573-4642

jgood@hfflp.com

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3403

ohennessey@hfflp.com

  www.rkprop.com.

George Flynn Joins Lee & Associates Cincinnati as Managing Principal of Brokerage Services

George Flynn

Cincinnati, OH –  Lee & Associates, a nationwide leader in commercial real estate services, is pleased to announce that George Flynn has joined the company as Managing Principal, Brokerage Services. 

 George’s expertise in commercial real estate includes a diverse range of skills in tenant representation, leasing and sales, investment sales, site selection, disposition and development.

 For more than three decades, he has built strong relationships with institutional, corporate and local owners such as The Kroger Company, Macy’s, Sears Holdings, United Dairy Farmers, The Schottenstein Group, Bayer Properties, Pebb Enterprises, Supervalu, Walgreen’s and Tavern Restaurant Group.

“I am pleased to welcome George Flynn to Lee & Associates| Cincinnati as Managing Principal, Director of Brokerage," said John Rickert, principal of Lee & Associates| Cincinnati.

John Rickert

 "As our company has grown both regionally and nationally, adding George to our team provides us with significant development expertise and brokerage leadership.

"Our client base and number of assignments continue to expand in all areas of our Integrated Services business; leasing and investment sale brokerage, property management, maintenance, accounting, and construction.

"George is the perfect partner to help Lee & Associates | Cincinnati continue to expand our model and create significant wealth and unique opportunity for our clients.

(Office Building, generic, File Photo)

"George has been involved in more than $900 million worth of real estate transactions, developed more than 1.1 million square feet of retail space during his 30+ year real estate career.

"He specializes in tenant representation, leasing and sales in Ohio and Kentucky."

  

CONTACTS:

 Katie Heidt
Lee & Associates Cincinnati
(513) 272-6800
kheidt@lee-associates.com

lee-associates.com 

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