Sunday, January 19, 2020

Price of John Barrymore’s Mansion With Secret Opium Den Dropped to $17 Million from $42.5 Million


John Barrymore's former home in Bella Vista, Beverly Hills, CA


Photo credit: Douglas Elliman   Source: www.thealtmanbrothers.com

 BELLA VISTA, BEVERLY HILLS, CA -- -- Historically connected to America’s first dalliance with opium and also the home of one of America’s most controversial great actors, Bella Vista mansion is for sale with its perfectly maintained opium den still in place, reached by a hand-carved ladder above the master suite.

John Barrymore
John Barrymore, who had been expelled from more schools than he later had marriages, seemed to play with life and surrounded himself with whatever exotica delighted him through his alcohol and opium-induced imagination.
The mansion had everything to feed his creativity from its stunning Pacific Ocean views to the large aviary, now a guest room, and plenty of space for his bizarre collection of shrunken heads.
Barrymore's "Upstairs" Secret Opium Den
For actors who could afford anything and especially an actor who had reached his pinnacle as one of the greatest and most versatile stars of his time, it’s not surprising that when opium began its popularity in the U.S. at the end of the 1800s, it was a natural vice for Barrymore to join in.
 He had started with alcohol as a teenager and had no qualms when it came to recreational drugs.
Entrance to Bella Vista Mansion
Inexpensive and easy to get, the U.S. government took note of the huge shipments that arrived first in San Francisco and eventually were distributed to all parts of the country.
Opium was the first drug to be controlled in the country, which was likely the case by the time Barrymore was old enough to create his fanciful opium den above his bedroom.

Today, the Spanish-style home with its many red-tiled roofs and gardens with winding paths through cultivated jungle is still dreamy.
Water trickles and splashes over the home’s waterfall spilling into the pool that overlooks the Los Angeles city skyline. When first offered for sale, the price included the entire seven acres and a number of extra buildings.

Today it encompasses one acre, 6,976 square feet of living area with a total of seven bedrooms and eleven baths distributed between the main house, two guest houses and two apartments.
Though updated to the 21st century in all the crucial places, the charm and allure are still quite evident in the dramatic fireplaces, redwood log floor in the cigar lounge and bar and one is never far away from the music of falling water from fountains or the pool waterfall.

Tracy Tutor
The master suite, one of three bedrooms in the main house, has a wraparound veranda which also has access to the opium den. Paneled walls, a wine cellar, decks, terraces, plenty of tile, wrought iron and a fabulous painted ceiling in the main living room are a few of the many elements that give the compound its character.
Now for sale is the much-visited home by the Old Hollywood elite who stayed there and may have found themselves draped across a magic carpet on the business end of an opium pipe.
John Barrymore’s great escape is now on the market, sans the shrunken heads. Priced at $16.995 million, the listing agents are Josh and Matt Altman and Tracy Tutor of Douglas Elliman, Beverly Hills.
CONTACT:
Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  434-480-4504

Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

JLL named to market Santa Barbara Public Market in Santa Barbara, CA


Marge Cafarelli
LOS ANGELES, CA – JLL Capital Markets announced it has been selected by Urban Developments to market for sale Santa Barbara Public Market, a 19,867-square-foot, LEED Certified, state-of-the-art artisanal food hall in Santa Barbara’s historic downtown district.

Completed in April of 2014, Santa Barbara Public Market comprises a two-story, LEED Gold food hall with a 4,500 sq. ft. basement. 

The food hall space is home to a curated list of popular food and beverage tenants, including Empty Bowl Gourmet Noodle Bar, Enjoy Cupcakes, Rori’s Artisanal Creamery, Wine + Beer, Corazon Cocina, The Garden, Wabi Sabi, Ca' Dario Pizzeria Veloce and Fala Bar. 

The market still has some of its original vendors that were there on opening day five years ago. The retail property is also home to a mural by renowned local artist Joseph Knowles, which has been designated as a Structure of Merit by the city of Santa Barbara.
Patrick Toomey 

Situated at 38 West Victoria Street, Santa Barbara Public Market is adjacent to Alma Del Pueblo, a premier condominium community, and proximate to State Street in the historic El Pueblo Viejo downtown district and other Santa Barbara tourism hot spots such as the Arlington theater, the New Vic theater and the Granada Theatre. 

Additionally, the property is in an affluent area with an average household income of $112,718 within a three-mile radius.

Marge Cafarelli, the California developer behind Urban Developments and who opened the Santa Barbara Public Market, spent five years developing the food hall into the successful and stabilized business that it is today. 

Initially opened with a mix of food and grocery tenants, she pivoted the retail property from a European-style public market to become a true food hall.

“Developing the Santa Barbara Public Market has been one of the hardest and one of the most gratifying projects I have ever done,” Cafarelli said. “We wanted to create a place for Santa Barbara to come together under one roof – a place that locals have embraced and now call their own.”

                        Tom Lagos
The JLL Capital Markets team representing the seller was led by Executive Vice Presidents Patrick Toomey and Tom Lagos.

“Marketing the Santa Barbara Public Market is an exciting opportunity since it is part of the hot Food Hall trend that is sweeping retail these days,” Toomey said. 

“The property boasts best-in-class construction, a diverse and successful tenant mix and a fantastic Santa Barbara location, making it an exceptional investment for the next owner.”

Food halls fill the experiential retail gap. They showcase local identity, serve nearby office and residential communities and promote local industries and small businesses. 

According to a JLL Report, more than 300 food halls will be operating in the U.S. by the end of 2020. Food continues to be the new anchor for retail assets. Shoppers who dine at a property stay, on average, 35% longer and increase transactions by 25%. Food-anchored assets continue to drive investor demand.

“Food Halls are an emerging trend in the retail space and are capitalizing on the consumer trend of wanting high quality food in an experiential setting,” Lagos added. 

“The Food Hall brings in diverse food artisans – in some cases celebrity chefs – in a hip, socially engaging environment. Many of these halls are Instagram hits not only for the food but also the crowd that they attract. We anticipate a continued upward trend for this product type as it matures.”

Santa Barbara Public Market, 38 West Victoria Street
 Santa Barbara, CA

Additionally, retail is seeing healthy demand. Over 9,500 tenants signed new or renewal leases in the second quarter of 2019, with gross absorption totaling approximately 48.5 million square feet. Total retail demand was led by restaurant/F&B tenants followed by service tenants.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.                                         

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, please visit jll.com.

CONTACTS:

 Patrick Toomey
Calif. License No: 00881133
Phone:  +1 213 239 6223

Kimberly Steele
 JLL Senior Associate, Public Relations
Phone: +1 713 852 3420
Email:  Kimberly.Steele@am.jll.com

JLL Closes $16.6 Million Sale of Piedmont Healthcare Medical Office Campus in Statesville. NC


Mindy Berman
CHARLOTTE, NC – JLL Capital Markets announced it has closed the $16.6 million sale of The Piedmont Healthcare Medical Office Campus, a five-building, 91,844-square-foot medical office campus in Statesville, North Carolina.

Piedmont Healthcare Medical Office Campus, Statesville, NC
JLL represented the seller, SMG Leasing Associates, LLC, a real estate group comprising present and former Piedmont Healthcare physicians, and procured the buyer, a healthcare REIT.   

Daniel Turley
The Piedmont Healthcare Medical Office Campus is currently 93.6% leased and home to Piedmont HealthCare, one of the largest physician-owned and directed multi-specialty medical groups in North Carolina and the Southeast. 

The group has locations across the market and retains top market share in the region. 

The five-building medical office campus serves as Piedmont’s largest, all-in-one location, supporting numerous specialties, including pediatrics, dermatology, internal medicine, endocrinology, urology, pulmonology and more.


Zack Drozda
 The campus also includes a family-owned and operated retail pharmacy on site as well as parking for more than 500 vehicles. 

Located at 208 Old Mocksville Road and 129-152 Sherlock Drive, the 14.8-acre campus is adjacent to the Davis Regional Medical Center, a Community Health Systems affiliated hospital, and Interstate 40, providing connectivity to Charlotte and Winston-Salem, both of which are approximately a 40- to 45-minute drive from the property.

Ryan Gioffre 
The JLL Capital Markets team representing the seller was led by Director Zack Drozda and Managing Directors Mindy Berman and Daniel Turley. Ryan Gioffre and Bobby Finch from Triad Commercial also assisted the seller in the transaction.

“Piedmont Healthcare is the dominant physician-owned practice in Iredell County,” Drozda said. 

“The offering represented Piedmont’s flagship, multi-specialty location. As such, there was excellent interest across the spectrum, including private, institutional and REIT investors.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

Bobby Finch
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc., a licensed real estate broker.

  
Contact:

 Kimberly Steele
 JLL Senior Associate
 Public Relations 
Phone: +1 713 852 3420
Email:  Kimberly.Steele@am.jll.com

jll.com.

Saturday, January 18, 2020

The Castell Project, Inc. Accepting 2020 Nominations for Expanded Leadership Programs


Peggy Berg

ATLANTA, GA —Officials of Castell Project, Inc., a 501(c)3 nonprofit organization dedicated to accelerating the careers of women professionals in the hospitality industry, announced that the organization is accepting nominations for its expanded 2020 Castell Leadership Programs. 

“Now celebrating our fourth year, we have expanded our educational offerings to respond to the changing needs of our participants,” said Peggy Berg, president, Castell Project, Inc.  

“We find that participant needs vary depending on where each woman is in her career arc.  With that in mind, we created ‘BUILD’ for emerging female hospitality industry leaders and ‘ELEVATE’ for established female leaders ready to refine their skillsets and prime themselves for top roles.”

 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


Prominent Landscape Architects Relocate from Downtown Orlando


Jennifer Jones 

ORLANDO, Fl --- NAI Realvest completed a new long-term lease agreement with a prominent landscape architecture firm who will be relocating and opening operations this spring at the Lucerne Plaza, 100 W. Lucerne Circle just south of downtown Orlando.   

 Jeff Bloom
Jeff Bloom CCIM, Vice President at NAI Realvest negotiated the transaction on behalf of the local landlord, Global Motor Inns d/b/a Lucerne Plaza.
Foster Conant & Associates, award-winning Orlando landscape architects for more than 50 years, plans to be open in their new 3,970 square foot suite at Lucerne Plaza by April 1. 

Gabriel de Jesus 

Foster Conant & Associates was represented by Gabriel de Jesus and Jennifer Jones with Foundry Commercial.

Bloom also closed on a long-term lease late last year with Philadelphia-based Open Systems Healthcare who opened this month (January) at Lucerne Plaza .  The home health service firm with a network of caregivers has nearly 20 locations in a dozen US cities.   Open Systems Healthcare was represented by Amanda McClure with CBRE.
CONTACTS:

Jeff Bloom, CCIM, Vice President NAI Realvest,
 407-875-9989 jbloom@realvest.com

 Patrick Mahoney, President / CEO, NAI Realvest, 
407-875-9989 pmahoney@realvest.com

 Beth Payan, Larry Vershel Communications, 
407-644-4142 beth@larryvershel.com or 407-461-3781


Plaza Advisors Brokers Sale of 119,924 -SF Cortez Commons Shopping Center in Bradenton, FL


 
Jim Michalak 
 TAMPA, FL -- Plaza Advisors is pleased to announce the sale of the Cortez Commons Shopping Center, located in Bradenton, Florida. 

The 119,924 square foot plaza is directly across from the highest volume Walmart Supercenter in southwest Florida, from Bradenton to Naples.

 Cortez Commons features anchor tenants: Big Lots, Tuesday Morning and You Fit. The asset was 88% occupied at the time of sale.

The property tenant roster includes several medical related entities including; Davita Medical, Greenberg Dental, Hear USA, Quest Diagnostics and HMP Medical. Other notable tenants are Fantastic Sam’s, Peach’s Restaurant and Enterprise Car Rental.

 The seller was Wisconsin based MLG Capital Real Estate Investments. The Buyer was an affiliate of Clover Investment Properties, LLC a privately held real estate development and investment firm headquartered in Tampa, FL.  

Keith Nurre
Jim Michalak and Keith Nurre of Plaza Advisors represented the seller and were the sole brokers involved in the transaction.

 Plaza Advisors is a real estate brokerage firm that specializes in the disposition of retail properties throughout the Southeastern United States. Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, life insurance companies, REITs, and money center banks. 





CONTACT:

Jim Michalak
Managing Partner
Plaza Advisors
 3412 Bay To Bay Boulevard
Tampa, FL 33629
813.837.1300 Ext. 1
Fax 831.2627
 

Hold-Thyssen Closes Two Long-Term Flex Leases for Businesses Expanding in Edgewater Commerce Center

 
Edgewater Commerce Center, 6250 Edgewater Drive,
College Park area, Orlando, FL

ORLANDO, FL and WINTER PARK, FL --- Hold-Thyssen, Inc., a full-service commercial property firm based in Winter Park, recently negotiated two new leases with businesses expanding services into the Orlando market.

 Associate Troy Stevens represented Landlord Z Asset Management, a So. Florida based private equity firm in both transactions for flex space at Edgewater Commerce Center , 6250 Edgewater Drive in the College Park area.

Troy Stevens
 The new tenants are Ocala-based Centurion Exteriors of Florida a windows installation business who leased 2,400 square feet and El Paso, Texas-based HQ Builders a custom homebuilder and remodeler who leased 900 square feet. 

 Edgewater Commerce Center ’s occupancy is up to 86 percent.   Centurion Interiors and HQ Builders join existing tenants such as Hotzy Pressure Washers and Castle Window.

 Hold-Thyssen, Inc. provides commercial property brokerage, 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 .

 CONTACTS:

Anthony Fisher, Vice President, Hold-Thyssen Inc., 
407-691-0505, afisher@HoldThyssen.com

 Robert P. Hold, Principal, Hold-Thyssen, Inc.,
 407-691-0505, bhold@HoldThyssen.com

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


Friday, January 17, 2020

JLL arranges financing for Katy, TX multi-housing community


Hilltop Residential is situated on 14.44 acres along Grand Parkway                      in the Houston, TX suburb of Katy, TX 

HOUSTON, TX – JLL Capital Markets announced it has arranged acquisition financing for a multi-housing community located in the Houston-area suburb of Katy, Texas.

JLL worked exclusively on behalf of Hilltop Residential to arrange the four-year, floating-rate acquisition loan through a national bank.

The community is situated on 14.44 acres along Grand Parkway. Completed in 2013, the community consists of a mix of one-, two- and three-bedroom homes averaging 933 square feet. 

Cortney Cole

Units feature stainless steel appliances, granite countertops, kitchen islands, nine-foot ceilings, wood-style flooring and private balconies. 

Community amenities include a resort-style pool, clubhouse, 24-hour fitness center, business center, resident long with TV and coffee bar, and lighted dog park with fountain. The community is zoned to top-rated Katy Independent School District campuses.

The JLL Capital Markets debt placement team representing the borrower was led by Managing Director Cortney Cole.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Contact:

 Olivia Hennessey
 JLL Senior Associate
 Public Relations
Phone: +1 713 852 3403