Saturday, May 2, 2020

llustrated Properties’ Billy Nash Secures Exclusive Listing for Trophy Quail Creek Plantation Sportsman’s Paradise in Okeechobee, FL


Billy Nash
Nash, voted Palm Beach County’s Best Real Estate Agent, markets sprawling 3,150-acre hunting and sports-shooting Old Florida-style sanctuary for $25 million


PALM BEACH, FL and OKEECHOBEE, FL. -– Illustrated Properties, a member of The Keyes Family of Companies, announces that Billy Nash is the exclusive listing agent for the iconic Quail Creek Plantation in Okeechobee, Florida. 

Quail Creek Plantation, Okeechobee, FL
The 3,150-acre remote sportsman’s paradise is being marketed for $25 million on behalf of the estate of Whit Hudson, a prominent South Florida businessman.

Located an hour north of the Palm Beaches and a 20-minute drive from the private jet-accessible Okeechobee County Airport, the one-of-a-kind Quail Creek Plantation conjures up memories of Old Florida.

Whit Hudson
The pristine hunting and shooting sanctuary is adorned with gnarled cypress trees, stately oaks and southern pines. It features a 14-acre lake with trophy largemouth bass and four miles of water frontage.

“I am truly honored to have the trust and confidence of the family of a legendary man who created Quail Creek Plantation out of his passion for nature, sport and family,” Nash said.


Steven Hudson
“Quail Creek is a trophy asset like no other. This is an unprecedented opportunity for someone who covets the sportsman’s lifestyle to own one of the largest tracts of land in Florida.

"In light of what’s occurred over the last few months, I see a dramatic shift of ultra-high-net-worth individuals, who may feel uncomfortable in large cities, acquiring large parcels of land to add to their real estate portfolio.”

 H. Wayne Huizenga, Jr.
After purchasing 2,200 acres from a local rancher in 1998, Hudson transformed the site into the Southern-style hunting plantation it is today to provide an escape from the hustle and bustle of Fort Lauderdale.

 Over the years, he acquired another 950 acres, added 11 private cabins and built an 8,000-square-foot guest lodge that is a popular setting for weddings and other special events.

Mike Pappas
The lodge and residence grounds also includes a 5,000-square-foot owner’s residence; housing for private staff; 400 acres of high-fenced game hunting; four manicured quail hunting courses; dove fields; towers for continental pheasant and pigeon shoots; quail flight pen with capacity to hold 4,000 birds; dog pens accommodating up to 60 dogs and a garage for hunting buggies.




Quail Creek’s sporting clay grounds include two 14-station, automated sporting clay courses; a seven-station sub-gauge course; clubhouse and multi-use event pavilion with a capacity of 350 people.

Quail Creek hosts numerous major sporting and community events, including the annual Gator Cup clay-shooting tournament with more than 700 participants The clay courses are open to the public and cash flow positive.

“Quail Creek Plantation was a true labor of love for my father,” said Steven Hudson, a Fort Lauderdale-based real estate developer.



 “It started as a place to escape and entertain friends, then evolved into his second home. Now it’s time for the next chapter in Quail Creek’s history and for an outdoor enthusiast to enjoy this property with friends and family – as we did for more than two decades.”

For more information about Quail Creek, please visit www.quailcreeksale.com.

The host of AWE Network’s “Selling Mega Mansions” and head of Illustrated’s Nash Luxury, Nash is embarking on a sophisticated and targeted global marketing campaign for Quail Creek, leveraging Illustrated’s worldwide reach, technology and infrastructure.



 Last month, Nash was selected by Palm Beach Post readers as the Best Real Estate Agent in Palm Beach County during the publication’s annual “Best of Palm Beach County” awards reception. 

Nash has represented members of the Huizenga family in multiple high-end property sales.

In 2019, the team closed the $16.02 million sale of the family’s Tarpon Pointe Fort Lauderdale estate following a successful 90-day global marketing campaign.



Nash also represented H. Wayne Huizenga, Jr. in the $6.75 million sale of a Delray Beach estate in November 2017. The home was sold for the full asking price, spent only 10 days on the market and closed in 16 days.
  
“Billy Nash continues to impress as a South Florida luxury market leader and obtain one-of-a-kind listings like Quail Creek Plantation,” Illustrated President and CEO Mike Pappas said. “Illustrated looks forward to supporting Nash in what we expect to be a highly successful outcome for the seller.”

In 2019, Illustrated was named the Member of the Year by Luxury Portfolio International®, the luxury marketing division of preeminent global network Leading Real Estate Companies of the World®, one of the luxury real estate industry’s most coveted awards.

 Keyes and Illustrated control more than 20 percent of the $1 million-plus market in northern Palm Beach County.


CONTACT:

Eric Kalis
Vice President
 BoardroomPR
O 954-370-8999 
C 305-794-5123
Bank of America Plaza | 1776 N Pine Island Road
Suite 320 | Fort Lauderdale, FL 33322

Pandemic forces entrepreneurial lenders and equity investors to resurface in search of repriced asset opportunities


John Oharenko

Chicago, IL, May 2, 2020 – The Covid-19 pandemic forces the country to suffer from the worst economic downtown since the Great Depression.

  Many states extend the stay-at-home through this month, further taxing the economy.  However, premisists, tenants, lenders, and governmental authorities all work together to find solutions for mitigating personal and business financial hardships.  And pharmaceutical companies rapidly scramble to find possible virus cures.

On the commercial real estate front, entrepreneurial lenders and equity investors resurface in search of repriced asset opportunities, especially targeting distressed asset classes. 

 For prime-quality loans, pricing in the low-4%-range ranks favorably, but leverage and debt coverage remains challenging — active lenders with creative funding programs (e.g., Mezz debt) demand lower-teen returns. 

Furthermore, lenders demand at least six months of debt services reserves for exploring new loan fundings. And although transaction volume plummets to a screeching halt, buyers cautiously bid on selective deals as equity funds exercise strong discipline in investing.  

At the same time, well-heeled premisists stay on the sidelines carefully managing existing holdings.

The Real Estate Capital Institute’s director, John Oharenko, cautions, "availability of funds supersedes any pricing discussions.  Cash is king, once again.”

The Real Estate Capital Institute® is a volunteer-based research organization that tracks realty rates data for debt and equity yields.  The Institute posts daily and historical benchmark rates, including treasuries, bank prime, and LIBOR.  

CONTACT:

The   Real Estate Capital Institute®
Chicago, Illinois USA 60622
John Oharenko, Executive Director

Levin Johnston Completes Sale of Upgraded, 30-Unit Multifamily Community in Fremont, CA



4001 Nicolet is a fully upgraded multifamily community in Fremont, CA

FREMONT, CA – Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has directed the sale of 4001 Nicolet, a fully upgraded multifamily community in Fremont, California.

Adam Levin
Levin Johnston’s Executive Managing Director Adam Levin, Senior Managing Director Robert Johnston, and Investment Associate Eymon Binesh represented the seller, and procured the buyer in the transaction.
“Fremont’s population is expected to grow by more than 5% through 2024 and is booming with activity, including a brand new 110-acre community plan that will support the local workforce and transit-oriented population, which will continue to drive resident demand for years to come,” explains Levin.
 “Further, the city is home to some of the top tech companies in the world, including TESLA, Logitech, and Facebook – which recently leased over one million square feet in Fremont to accommodate more than 19,000 employees – attracting interest from a wide range of investors.”
Robert Johnston
The community is located in close proximity to Fremont’s bustling Central District near to I-680 and I-880, providing direct access to the Bay Area peninsula.
“In addition to major employers, 4001 Nicolet is situated near transportation corridors and a multitude of shopping, dining, and entertainment options,” says Johnston.
"By keeping our finger on the pulse of the market, Levin Johnston was able to draw upon our local relationships to identify a pool of competitive buyers and effectively demonstrate the quality of the upgraded community and high renter interest in the market. Ultimately, we quickly secured the close of a satisfying transaction for both parties.”
Situated on 0.68 acres, the property offers one- and two-bedroom floorplans. Originally constructed in 1972, unit interiors were recently upgraded with fully remodeled bathrooms and kitchens, stainless steel appliances, granite countertops, new carpets, and hardwood flooring.

Eymon Binesh 
Additional modern community amenities include private balconies, private storage and an on-site laundry facility.
The property, 4001 Nicolet Avenue in Fremont, California, sold for a total consideration of $12.2 million.
For more information about Levin Johnston’s $100 million in available properties, visit www.levinjohnston.com.

CONTACTS:

Alex Caswell / Katie Haga 
Brower Group
(949) 438-6262


Friday, May 1, 2020

Lee & Associates Grows Northeast Presence with Latest Expansion: Boston, MA


BOSTON, MA –  Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a Boston, Massachusetts location.

 The office will specialize in tenant representation for office, life sciences, industrial, and retail clients, with plans to strategically recruit teams that will grow their agency and capital markets capabilities in Boston and the larger New England market. 



Lee & Associates Boston will be led by Eric Solem, Ty Janney, and Robert Elmer, J.D.  
Their team of professionals has already cultivated a strong client roster that includes a number of international firms operating in the technology and bio/life sciences industries. 

"We are incredibly excited about the addition of this talented group in such an important geographic region for Lee & Associates," said Lee & Associates CEO, Jeff Rinkov. 

  "We have spent quite a bit of time in Boston and are very confident that this is the best entrepreneurial team of brokers and leaders in the market.

"They have outstanding resumes, excellent client connectivity, and have already been successful in winning and servicing business delivered by Lee & Associates professionals around North America." 
Lee & Associates has established an emphasis on expansion over the last five years; new office locations include Toronto, ON; Cincinnati, OH; Raleigh, NC; Miami, FL; Seattle, WA; Walnut Creek, CA; Vancouver, BC; Minneapolis, MN; Pasadena, CA; Lehigh Valley, PA; Columbus, OH; and Houston, TX.
For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter, and Link, our company blog.
 Contact:
 Pamela Murphy
Lee & Associates
(832) 315-0219
pmurphy@lee-associates.com

Thursday, April 30, 2020

Dark Comedy Short Open House 1-4 Spotlights The Cutthroat Real Estate Industry



 (Photos Credit: Open House 1-4)

Los Angeles, CA,  April 30, 2020 –  Dark comedy short Open House 1-4  is now available on Amazon Prime, the announcement was made by filmmaker/screenwriter Brad Holloway.


 Brad Holloway

https://www.amazon.com/Open-House-1-4-Short-Film/dp/B086P8Q1N6
Holloway’s film, which recently received the Gold Award from the International Independent Awards, Winter 2020 edition, takes a dark yet humorous look at the intensely competitive and sometimes dangerous real estate industry, marking his directorial debut. 


Tanya Christiansen

 The film also launched recently on It’s A Short (www.itsashort.com), an online streaming platform that celebrates and promotes short films worldwide.
“During this time as people are homebound due to COVID-19, I’m happy that I can offer Amazon Prime viewers a small escape and some comic relief," comments Holloway.  "I feel the real estate community in particular - the agents, buyers and sellers -- will definitely relate to my film."
Link to official trailer: https://vimeo.com/391070084


Chellie Garcia
Open House 1-4 places the spotlight on the concept of the cultural phenomenon in the United States, the “open house”.  

Every weekend, realtors fan out across the country planting open house signs, inviting prospective buyers into private residences. But when a snooty realtor in an upscale Florida neighborhood suspects a Latino couple who stops by her open house is there to rob her, she informs her other guests, and all hell breaks loose.


Donna Rae Allen
The short’s award-winning cast features Brian Balance, Mauricio Bemudez, Tanya Christiansen, JJ Crowne, Chellie Garcia, Jamie Molina, Donna Rae Allen, Keila Rosado and LJ Ugarte. 


Keila Rosado 
Currently on the festival circuit, the film will soon be launching on additional streaming platforms.
Brad Holloway has been a working screenwriter for twelve years. He sold his first feature script Black Box to Warner Brothers with Lorenzo Di Bonaventura (Transformers).


Nikki Stranghetti

 He went on to write feature length scripts and pilots for Warner and other major studios, including Paramount, and Lionsgate, working with producers Jason Blum, Michael De Lucaa and Rodrigo Teixeira and director James Mangold. 

His current projects include The Games of 1940 with RT Features (Ad Astra, Call Me Your Name), based on an original idea by David Seidler (Oscar winner for The King’s Speech), Conception with producer Dylan Russell and director Fulvio Sestito, Swine with producer Nikki Stranghetti, and Carnival with Robert Lawrence (The Kingkiller Chronicle with Lin Manuel Miranda, Clueless, Die Hard With A Vengeance). 

Danielle Furst 
Open House 1-4 is produced by Demitri Blanco and Chuck Ardezzone. Jeremy James is the film's Director of Photography and Sound Engineer is Logan Jones. Award-winning composer Danielle Furst scored the film.

CONTACTS:
Nicole Goesseringer
Muj nicolekultura@gmail.com
 310-804-0964

Wednesday, April 29, 2020

JLL arranges sale and financing of Conroe, TX apartment property


The Loop Apartments, a 188-unit, Class A luxury apartment community in Conroe, TX

Greg Austin
HOUSTON, TX, April 28, 2020 – JLL Capital Markets announced today that it has closed the sale of and arranged acquisition financing for The Loop Apartments, a 188-unit, Class A luxury apartment community in Conroe, Texas.

JLL marketed the property exclusively on behalf of Apartment Advisors, Inc. and procured the undisclosed buyer.


 Chip Nash
 In addition, JLL worked on the new owner’s behalf to arrange a fixed-rate Fannie Mae acquisition loan. 

The loan will be serviced by Jones Lang LaSalle Multifamily, LLC, a Fannie Mae DUS lender.

The Loop Apartments is located at 3400 Loop 336 just minutes from Interstate 45 to the north of the Houston metro. 


Bob Heard
Completed in 2017, the sought-after property consists of eight three-story apartment buildings that house a mix of one-, two- and three-bedroom floor plans averaging 909 square feet. 

Units feature luxury lighting packages, stainless steel appliances and high-end finishes. Common area amenities include a saltwater pool, two outdoor grilling stations, state-of-the-art fitness center, outdoor entertainment pavilion, dog park, 424 parking spaces and controlled access.


 Chris Curry
The JLL Capital Markets team representing the seller was led by Greg Austin, Chip Nash, Bob Heard, Chris Curry, Todd Marix, Chris Young, Joey Rippel and Kyle Whitney.

JLL’s Capital Markets debt placement team representing the new owner was led by Tim Leonhard, Mary Davis and Eric Hightower.

JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform. 


Todd Marix
The division employs approximately 400 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors. 

JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities. 


 Chris Young
Agency/GSE lending and loan servicing are performed by Jones Lang LaSalle Multifamily, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.

 Loans made or arranged in California are pursuant to a California Financing Law license. 

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


Joey Rippel 
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.
Kyle Whitney

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. 
Tim Leonhard

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, visit

About Apartment Advisors, Inc.

Apartment Advisors, Inc. is a privately held construction and development company specializing in suburban walk-up multi-housing properties in Texas.

Eric Hightower

Contact: 

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