International Celebrity Decorator’s Home for Sale at $4.5 Million

 LM Pagano

Photo credit: The ZenHouse Collective, Michael McNamara, courtesy of Compass

Source: www.gregholcomb.com

TONGA, CA -- From yachts to hotels to the private homes of A-list celebrities and mixed-use developments, LM (Lisa Marie) Pagano has moved to the top of the decorating world in just a few years.

Pagano's cubist-style home in Topanga, CA

Her work has been shown in most of the high-end decor publications in both the United States and Europe, and she has recently put her cubist-style home in Topanga, California on the market at $4.5 million.

Karen Rauch Carter

Pagano has become well known for her multi-layered designs that are elegantly fun, serenely minimalist and show-stoppingly glamorous.

J.K. Rowling

 Her work has been featured in numerous publications including Art & Design, The New York Times, Los Angeles Times, Elle Décor, House and Garden, Vogue and Vanity Fair.

Johnny Depp

Her talent has not gone unnoticed by the world of celebrities as she was hired to decorate the homes of Johnny Depp, Nicolas Cage and Matthew Perry, according to TopTenRealEstateDeals.com

Nicolas Cage 

Her work also caught the eye of J.K. Rowling who had Lisa decorate her 156-foot motor yacht, Amphitrite.

Now selling her own home which was showcased in the movie Hostage starring Bruce Willis, it was designed as a cubist sculpture by architect Tom Edig.

Bruce Willis

Sited on six acres with pool and measuring 3,640 square feet of living space, it houses three bedrooms that include two master suites with private balconies, four bathrooms, large-vaulted-ceiling living room with fireplace, dining room currently being used as a music room, large eat-in kitchen, and a separate pool house with a fireplace and outside shower.

Matthew Perry

A charming detached studio is on the grounds which lends itself to a variety of uses.

The very private gated estate is surrounded by ocean and mountain views and grounds with trails, a bridged creek and more than 40 fruit trees.

Cassandra Petersen

 There is plenty of room for expansion and the acreage is ideal for those who would like to have horses.

Interior-decorator LM Pagano is selling her own home which she spent three years designing in coordination with feng shui specialist Karen Rauch Carter.

Nancy Nelms

Priced at $4.5 million, it is co-listed by Greg Holcomb and Cassandra Petersen of Compass, Beverly Hills and Nancy Nelms of Snyder Sutton, Topanga.

CONTACT:

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  434-480-4504
Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

JLL arranges $60 million financing of Morris Corporate Center I and II in Parsippany, NJ

Morris Corporate Center 1 and 2, Parsippany, NJ

MORRISTOWN, NJ – JLL Capital Markets announced it has arranged $59.975 million in financing for Morris Corporate Center 1 & 2, a two-building, Class A office complex totaling 550,000 square feet in Parsippany, New Jersey.

Working on behalf of the borrower, P3 Properties, JLL placed a four-year, floating-rate acquisition bridge loan through Bridge Investment Group.

Greg Nalbandian 

The properties are located at 300 Interpace Parkway and 1 Upper Pond Road within the larger Morris Corporate Center master planned development in the Parsippany submarket of New Jersey. 

The 31-acre site is less than a mile from Interstate 80 and in close proximity to Route 46. 

Morris Corporate Center 1 & 2 features four full-height atrium lobbies, two full-service cafes, a 5,000-square-foot fitness center with locker rooms and a yoga studio, two conference areas including an executive boardroom, covered and surface parking and a central pond with trellis seating areas and walking path.

 The four-story properties are currently 67% leased to a variety of tenants including Zurich Insurance, York Risk Services, Ipsos, ICAP and Wallenius Wilhelmsen.

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Greg Nalbandian and associate Andrew Zilenziger.

Andrew Zilenziger

“This value-add bridge loan was closed just before the impact of the Covid-19 crisis became widespread,” 

Nalbandian stated. “Bridge distinguished themselves from the onset and executed flawlessly, providing P3 with a very attractive rate at 80% LTC with a future funding facility on a non-recourse basis.”

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

Contact:

 Kristen Murphy

JLL Senior Manager

 Public Relations

Phone: +1 617 848 1572

Email: Kristen.Murphy@am.jll.com

 www.wearep3.com

JLL closes $65.9 million sale of 320-unit Durham, NC apartments

Lodge at Croasdaile Farm, a 320-unit, garden-style and townhome apartment community in the North Durham, NC submarket 

CHARLOTTE, NC – JLL Capital Markets announced has closed the $65.9 million sale of Lodge at Croasdaile Farm, a 320-unit, garden-style and townhome apartment community in the North Durham submarket of Durham, North Carolina.

Andrea Howard 

 JLL marketed the property on behalf of the seller, a joint venture between Boston-based The Davis Companies and Gemini Partners, LLC, and procured the buyer, Virginia-based RST Development, which assumed management operations under its affiliate, Hercules Living.

Jeff Glenn 

 The Lodge at Croasdaile Farm is situated on nearly 40 acres at 3130 Hillandale Road within the Croasdaile Farm master-planned community, which features a median home price of nearly $525,000.

Completed in 2019, the three-phase property consists of a mix of one-, two- and three-bedroom garden-style flats and two- and three-bedroom townhome units totaling 340,160 rentable square feet.

Community amenities include a resort-style saltwater pool, outdoor grilling areas, resident lounge with community kitchen and coffee bar, fitness center with yoga space, outdoor pavilion with games, private gardens and a leash-free bark park.

 Allan Lynch

Residents also have direct access to premium lifestyle amenities, including Croasdaile’s extensive paved greenway system and the trails surrounding Crystal Lake, as well as access to nearby Interstate 85, which provides connectivity to the MSA’s largest employers in Downtown Durham, Duke University and Duke Medical Center.

 The JLL Capital Markets team representing the seller was led by Managing Directors Jeff Glenn and Andrea Howard, Senior Director Allan Lynch, Directors Caylor Mark and John Currin along with former Managing Director Justin Good.

“Recent deliveries in the Durham sub-market are urban infill developments,” said Blair Booth, one of the development partners involved with the project.

Caylor Mark 

“The cost to deliver and rent these projects have priced out a large portion of the rental demographic. 

"Our goal was to develop a close-in, Class A property with competitive finishes at a cost and price point well below our infill competitors.

"The vigorous lease-up and strong rental rates exceeded our expectations and supported the need for quality workforce housing in Durham.”

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

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.

John Currin

 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.

About JLL:

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.

 JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities.

Justin Good

JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019.

 JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

For further information, please visit jll.com.

About The Davis Companies

The Davis Companies is an integrated real estate investment, development and management firm headquartered in Boston that has invested more than $6.2 billion in gross asset value through real estate equity, debt and fixed-income securities.

 A combination of capital markets, development and management expertise allows The Davis Companies to nimbly tackle complex opportunities.

 CONTACT:

 Olivia Hennessey

JLL Senior Associate

 Public Relations

Phone: +1 713 852 3403

Email: Olivia.Hennessey@am.jll.com

JLL closes $9.5 million sale of 285.5-acre campus in Oregon's Willamette Valley wine region

Evergreen Space Museum

    Willamette Valley’s wine region, Oregon

PORTLAND, OR – JLL Capital Markets announced it has closed the $9.5 million sale of a 285.5-acre campus that houses the Evergreen Space Museum, Wings & Waves Waterpark, The Lodge event and wedding venue, approximately 220 acres of established vineyards and farmland and a development site designed to accommodate a 99,000-square-foot hotel all within a Qualified Opportunity Zone in Oregon’s famed Willamette Valley’s wine region.

JLL marketed the property on behalf of the seller, Salt Lake City-based Falls Event Center LLC. McMinnville Properties LLC, which is owned by Bill Stoller of Stoller Wine Group, purchased the asset.

William H. (Bill) Stoller

A native of nearby Dayton, Ore., Stoller is committed to the property for the long haul and has a distinct vision for it. 

First and foremost, he plans to bring stability to a campus that has faced distinct challenges in years’ past. 

The nonprofit Evergreen Aviation and Space Museum will maintain its lease of the exhibit buildings, while the new owners have upgrades already planned for the water park and see future potential related to the hotel development site.

The five-parcel property has been a Wine Country tourist attraction since the original aviation portion of the museum, which was not included in the sale, welcomed its first guest in 1991. 

The 120,000-square-foot Evergreen Space Museum building was added in 2008 and greatly expanded park offerings and exhibits. 

The Wings & Waves Waterpark, which is Oregon’s largest waterpark, is an all-season, family-friendly destination that was added to the site in 2011 and offers 10 slides, including four that originate inside a roof-mounted 747, and a 91,000-gallon wave pool. 

Adam Taylor

A former chapel known as The Lodge has a 150-person capacity and offers event space with a log cabin aesthetic complete with burning fireplace, while the established agricultural land has a mix of vines and feed grass that is harvested by a third party. 

The 6.96-acre development site is entitled for a 96-key hotel with an indoor swimming pool, restaurant, fitness center and parking. 

Two additional buildings, including the museum structure that houses the famous Spruce Goose, Howard Hughes’ wooden airplane, and a theater building was not included in the sale.

The campus is located at 500 Northeast Captain Michael King Smith Way. The property is 23 miles southwest of Portland and 30 minutes north of Salem off East Salmon River Highway 18 just east of McMinnville, Oregon.

Buzz Ellis

The JLL Capital Markets team representing the seller was led by Director Adam Taylor and Managing Director Buzz Ellis.

“The Stoller’s acquisition of this landmark property is a welcome bit of positive news in a challenging time,” Taylor said. 

“The portfolio was very well-received by the investor community, and the fact that it will remain in operation as a unique destination for locals and visitors alike is the ideal outcome for the local and regional economy.”

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

  

Contact: 

Kimberly Steele

 JLL Senior Associate

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 jll.com.

Edward Mayer Promoted to Principal in Newark, NJ Office of Ware Malcomb

 Edward Mayer

NEWARK, NJ – Ware Malcomb, an award-winning international design firm announced Edward Mayer has been promoted to Principal, Architecture in the New York and Newark offices.

 In this position, Mayer is responsible for the overall leadership and growth of the Architecture Studios for the Northeast region.

Kenneth Wink

“Ed’s 25+ years of architectural experience and strong management skills have been a tremendous asset to Ware Malcomb’s Northeast regional operations,” said Kenneth Wink, Chief Executive Officer of Ware Malcomb.

“His leadership has led to the continued expansion of our services in multiple states throughout the region. We congratulate Ed on his success and well-deserved promotion to Principal.”

A licensed architect in New York and New Jersey, Mayer joined Ware Malcomb in 2016 as Studio Manager, Architecture for the firm’s New Jersey office. 

For more information, please visit waremalcomb.com/news and view Ware Malcomb’s Brand Video at youtube.com/waremalcomb.

CONTACTS:

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

Rachel@kcomm.com 

Maureen Bissonnette

 Associate Principal, Marketing

 949.660.9128

 mbissonnette@waremalcomb.com

waremalcomb.com

PEBB Enterprises and Banyan Development Obtain $26.95 Million Construction Loan for Mainstreet at Boynton Beach, FL

 Ian Weiner

BOYNTON BEACH, FL –– PEBB Enterprises and joint venture partner Banyan Development secured a $26.95 million construction loan for the impactful Mainstreet at Boynton project in Boynton Beach. Buffalo, N.Y.-based M&T Bank is the lender.

The transaction closed on April 22.

Site work is underway at the mixed-use development, which is located at 6405 W. Boynton Beach Blvd. 

The carefully planned project is expected to be a major catalyst for the West Boynton area.

Popular organic grocer Sprouts is leasing 26,000 square feet to anchor the primary retail component of Mainstreet at Boynton, with Wawa signed on to occupy an outparcel.

 Jason Sher 

“We are thrilled to complete this transaction with M&T Bank,” PEBB Enterprises President and CEO Ian Weiner said. 

“This was our first opportunity to work with the bank, and it was a pleasure. The successful closing is a testament to the strength of our joint venture and the substantial pre-leasing activity already generated.”

Mainstreet at Boynton’s plans also include a 158-bed, 117,000-square-foot Congregate Living Facility (CLF).

The venture recently finalized a lease for a retail tenant to occupy 4,000 square feet within the grocery building anchored by Sprouts. It is also negotiating letters of intent (LOI) with several retail and restaurant tenants. Including the signed LOIs, the project is 85% pre-leased.

 Eric Hochman 

“The response from potential tenants has been tremendous,” Banyan Development Principal Jason Sher said. “It speaks to the attractiveness of the development and strong demographics of the surrounding neighborhood.”

Mason Construction of Jupiter is the project’s general contractor. Workers are making significant progress, as the site is fully cleared and pad and utility work for each building is in progress.

Shell construction is scheduled to be completed during the second quarter of 2021, with delivery to tenants expected around that time or shortly after.

Jenny Schuemann 

“We appreciate that Palm Beach County has remained open and is facilitating the continued processing of site work inspections and building permits for our planned improvements,” PEBB Chief Development Officer Eric Hochman said. 

“Our positive momentum continues, which brings Boynton Beach residents that much closer to experiencing the benefits of this forward-thinking, well-designed project.”

For leasing inquiries, contact PEBB’s Chris Stewart or Jenny Schuemann at (561) 613-4020.

 Contacts: 

Eric Kalis

954-370-8999

ekalis@boardroompr.com

Daniel Benjamin

Senior Account Executive, BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram\

www.banyandev.com.

https://pebbenterprises.com/.