Done Deals

Sunday, September 27, 2020

Comedian Kathy Griffin Selling California Home with 1,000-Bottle Wine Cellar. Price: $15.9 Million

Kathy’s 13,336-SF, three-story home opens into a skylit foyer.

Photo credit: Marc Angeles

Kathy Griffin

BEL AIR, CA -- My Life on the D-List comedian Kathy Griffin is selling her guard-gated Bel Air Crest mansion she bought in 2016.

Randy Bick and Kathy

It was also where she married husband Randy Bick on New Year’s 2020 that was officiated by friend-and-legendary-comedian Lily Tomlin.

Almost five years after moving in she has recently put it on the market priced at $15.9 million, according to TopTenRealEstateDeals.com.

Lily Tomlin

Bel Air Crest is one of several gated communities in Bel Air favored by celebrities due to its heavy security.

Said to be possibly the most prestigious of the few, it has beautifully landscaped common areas, is a great place for walks and has a well-outfitted community center.

Homeowner recreation includes a pool, tennis courts and putting green where residents can feel comfortable among their peers.

Built in 2003, Kathy’s 13,336-square-foot, three-story home opens into a skylit foyer with wrought-iron banisters on the curving stairwell and overlook.

Straight ahead down a wide long hall is a wide view and access to the back garden. Contemporary Mediterranean in style, the interior has the light, bright California vibe.

The main floor has an open floor plan with formal rooms and a chef’s kitchen with butler’s pantry and an adjoining family room. French doors open from the family room to the pool terrace.

The home has a total of nine bedrooms and 12 baths. All bedrooms are ensuite with the master having its own terrace with steps leading to the ground level and has his-and-her baths, large dressing room closets and lovely outdoor views.

The lower level, apart from its car gallery and staff quarters, is all about fun. It has a 1,000-bottle wine cellar - which she told People she would fill when she had 1,000 guests - a home theater and a billiards room.

Landscaping is mature, lushly planted and is a mix of lawn, trees and shrubbery.

With 30 years of performing under her belt and amassing a fortune of approximately $40 million, the redheaded, razor-tongued comedian has won two PrimeTime Emmy awards and a Grammy for her TV show My Life on the D-List.

Smart with her money and praised by Forbes and other publications for paying cash for her real estate, Kathy has performed numerous concerts including The Kennedy Center, Carnegie Hall, Sydney Opera House and 23 televised comedy specials - more than any other comedian in history.

Griffin is selling what she once called her “dream home” in the celebrity laden gated community of Bel Air Crest. Priced at $15.9 million, the listing agents are Bravo’s Million Dollar Listing stars Josh and Matt Altman of Compass, Beverly Hills.

CONTACT:

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

John Barrymore's Beverly Hills' Mansion Price Down to $15.9 Million from $42.5 Million in 2015 and $17 Million in 2017

John Barrymore mansion, seven bedrooms, 11 baths, Beverly Hills, CA

Photo credit: Douglas Elliman

Source: www.elliman.com

Beverly Hills, CA -- The most popular new genre in television since the advent of reality programming, and ratings up as much as 30% since the coronavirus lockdown, homes-for-sale shows such as Bravo’s Million Dollar Listing and Netflix’s Selling Sunset and Million Dollar Beach House have become huge hits as they follow fashionable agents selling multi-million-dollar homes in glamorous locales such as Beverly Hills, Malibu and the Hamptons.

John Barrymore

While the agents are the stars of the shows, the luxury homes share equal billing with prices that run into the stratosphere.

The finale of season 12 of Million Dollar Listing LA, that just aired on Bravo TV, is an historic mansion that was once the home of acting-legend John Barrymore - priced at $15.9 million.

Barrymore's former opium den located on the floor above his bedroom

Listed by Douglas Elliman's Josh Altman and Tracy Tutor, the Spanish-style home with its red-tiled roof and gardens with winding paths through cultivated jungle is still dreamy and romantic almost 100 years after it was built in 1926.

Mansion front entrance

With almost 7,000 square feet of living area, seven bedrooms and eleven baths distributed between the main house, two guest houses and two apartments, the home's charm is still quite evident in the dramatic fireplaces and redwood log floor in the cigar lounge.

The master suite, one of three bedrooms in the main house, has a wraparound veranda with views of the city and the ocean.

Panelled walls, a wine cellar, decks, terraces, original tile, wrought iron and a fabulous painted ceiling in the main living room are a few of the many elements that give the home its character.

A new owner will never be far away from the home’s music of falling water from fountains or the pool waterfall.

Tracy Tutor

One of Beverly Hills’ earliest celebrity homes, the most unusual feature is Barrymore's opium den. Barrymore was an aficionado of the drug, which became popular at the end of the 1800s and was legal until the early 1900s.

The opium den was located above his bedroom with two accesses. One was by ladder from the bedroom and the other from the wraparound veranda.

There, Barrymore and his guests would lie on carpet and piles of plush pillows while inhaling opium vapor from pipes.

The smoking of opium is where the saying “pipe dream” originated.

Originally listed at $42.5 million in 2015 when the estate included seven acres and extra buildings, and later downsized to one acre, the home is currently listed at $15.9 million.

CONTACT:

Genelle C. Brown

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

Saturday, September 26, 2020

Lewis Retail Centers Announces Opening of New Grocery-Ancored Center, Construction of new Anchor Tenant, Center Enhancements and Community Events in Upland, CA

Randall Lewis

UPLAND, CA – In a period of time when many retail owners and developers are either holding still or cancelling their plans, Lewis Retail Centers, one of the largest shopping center developers in California and Nevada with 34 dynamic existing centers and more than 10 new projects currently underway, continues to move forward with strong financial investments.
The investments include opening a new retail center, conducting new tenant construction, enhancing existing centers and conducting programs that give back to the community, according to Randall Lewis, Executive Vice President, Marketing for the Lewis Group of Companies.

The Marketplace at Calimesa, CA

Grand Opening and New Tenant Construction
Lewis Retail Centers has announced the Grand Opening of The MarketPlace at Calimesa, a 105,000 square-foot center in the rapidly developing Riverside County city of Calimesa, CA, anchored by a new Stater Bros. Market.
Starbucks and Del Taco have also opened and will be followed shortly by the openings of Cold Stone Creamery, Jack in the Box, Modern Nails, Skin Solutions Aesthetics, and Supercuts.
“Even during this period, the demand for close-in grocery and casual food have brought an immediate response from the growing number of residents living in this area,” notes Lewis.

“In fact, The Marketplace at Calimesa has no similar competition for approximately four miles, and the community is thankful we were able to move forward this quickly.”
One of the company’s strategies from the beginning has been to identify growing residential populations that have no retail, or are under-retailed, so that it can deliver exactly what the community and the cities in which the firm works desire, adds Lewis.
“The successful results continue to speak for themselves: the new center’s Facebook page received more than 150 extremely positive engagements in response to the opening of the first tenant here.”

Damonte Ranch Town Center, Reno, NV

In a similar situation, Lewis Retail Centers has begun construction on a Safeway at Damonte Ranch Town Center in Reno, Nevada.
The new 62,000 square-foot Safeway will become the third anchor of that center with Home Depot and RC Willey. Other tenants at the center include CVS, McDonald’s, Twisted Fork and Mountain America Credit Union. Grand opening of the Safeway is anticipated in Spring of 2021.
“In this market, Lewis Retail Centers has a center with nearly 19,500 households within a three-mile radius,” Lewis says. “Again, we are meeting demand precisely where the residential population is growing.”

Existing Center Upgrades
Lewis Retail Centers has also begun an upgrade to its flagship 850,000 square-foot Eastvale Gateway in Eastvale, California, including a modernization of its appearance with a repaint of the entire center.
“Our commitment to our tenants, the customers in our communities, and to our city leaders, is one of active management to ensure that each of our centers provides an ever-evolving positive experience,” Lewis explains. “And for us, upgrading our centers in 2020 may be of even greater importance than at other times.”
With this intention, Lewis Retail Centers also recently renovated its Regency Park Plaza in Vacaville, California, by adding new high efficiency LED lights in the parking area and an updated monument sign with LED panels, as well as repainting the exterior of the center, adding new colored awnings and aluminum louvers for a modernized appearance, and enhancing the centers’ columns with new architectural building lights.

The 850,000 square-foot Eastvale Gateway in Eastvale, CA

Community Participation
To assist the communities in which Lewis Retail Centers operates, the company has partnered with Lifestream Blood Bank to host 49 blood drives at 13 of its shopping centers between September and December of 2020.
LifeStream has served the Inland Empire and surrounding areas since 1951 providing lifesaving blood products and services to more than 80 Southern California hospitals and medical facilities.
Fresh Amenity for the Future
With its eye on the future of the centers, Lewis Retail Centers has also added electric car charging stations to several of its centers and is continuing to add additional charging stations in 2021.

Electric car charging stations

“While electric charging stations have become somewhat expected at large regional shopping centers, Lewis Retail Centers is one of the first retail owners to install these stations at grocery-anchored centers,” Lewis points out.
“With our investment in these charging stations, we’re pulling traffic to our tenants by creating an amenity for customers that both attracts them to the center and then extends their length-of-stay.
About the Lewis Group of Companies
Lewis Retail Centers is part of the Lewis Group of Companies. The Lewis Group of Companies is one of the nation’s largest privately held real estate development companies.

The Lewis Group focuses on developing mixed-use planned communities and residential subdivisions in California and Nevada, as well as building and owning rental communities, shopping centers, and office and industrial parks.

Established in 1955, the firm is headquartered in Upland, California.

To date, the Lewis Group of Companies has built more than 60,000 residential homes and apartments, and has developed 14.5 million square feet of retail, office and industrial product.

CONTACTS:
Alex Caswell/Judy Brower Fancher
Brower Group
(949) 438-6262
acaswell@brower-group.com

www.lewisgroupofcompanies.com.

$15.5 million sale of two-building flex office portfolio in Portland, OR closes

Beaverton Creek V is within walking distance of numerous amenities, including the 224-acre Tualatin Hills Nature Park.

PORTLAND, OR – JLL Capital Markets announced it has closed the $15.5 million sale of Beaverton Creek V, a two-building, flex office portfolio in Beaverton, Oregon, a suburb of Portland.

Buzz Ellis

JLL represented the seller, Gloria Y Gee Living Trust et al, and procured the buyer, Strategic Office Partners from Arizona (SOP).

The park has convenient access to public transportation with the MAX Light Rail Station adjacent to the site, and it is within walking distance of numerous amenities, including the 224-acre Tualatin Hills Nature Park.

Beaverton Creek V is fully leased to Fresenius Kidney Care and a world-renowned athletic apparel company, whose world headquarters is just one-half mile from the property, and who occupies the majority of the other buildings within the park.

Adam Taylor

According to JLL Research, flex office is currently in high demand across Portland’s westside suburbs boasting a low vacancy of 6.4% and more than 75% growth rate in rents in the asset class since 2012.

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

“SOP’s acquisition marks a turning point in the Portland commercial real estate market, as it is one of only a few deals to be completed since the onset of COVID-19 in mid-March,” said Taylor.

“The sale of Beaverton Creek V underscores a growing interest amongst buyers in suburban, flex office offerings during the pandemic.”

Logan Greer

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 our newsroom.

CONTACT:

Kristen Murphy

JLL Senior Manager

Public Relations

Phone: +1 617 848 1572

Email: Kristen.Murphy@am.jll.com

jll.com.

This 10-property office portfolio totals 1.5 million square feet in Morris County, New Jersey

MORRISTOWN, NJ– JLL Capital Markets announced it has arranged $147.72 million in financing for a 10-property office portfolio totaling 1.5 million square feet in Morris County, New Jersey.

Christopher
Peck

JLL worked on behalf of the borrower, a joint venture between Onyx Equities, Taconic Capital Partners, Axonic Capital and Machine Investment Group, to secure the three-year, floating-rate loan provided by funds managed by the Real Estate Group of Ares Management Corporation (NYSE: ARES).

Loan proceeds were used to acquire the portfolio from Mack-Cali. The sale transaction was represented by JLL’s Capital Markets team.

The portfolio consists of nine assets in Parsippany: 1, 3, 5 and 7 Sylvan Way; 4, 6 and 8 Campus Drive; 2 Hilton Court and 11 Dryden Way, and 1 Giralda Farms in Madison.

Michael Klein

Parsippany and Madison are located in Morris County, which is part of the Northern New Jersey office market, which, with more than 152 million square feet, is the 17^th largest office market in the United States.

The area is home to numerous Fortune 500 companies and boasts a highly educated workforce as well as superior connectivity and proximity to Manhattan, 40 miles east.

The portfolio is 84% leased overall to a diverse tenancy including national credit and local tenants.

The JLL Capital Markets team representing the borrower included Steven Klein, Christopher Peck, Michael Klein, Jose Cruz and Alex Staikos.

CONTACT:

Kristen Murphy

JLL Senior Manager

Public Relations

Phone: +1 617 848 1572

Email: Kristen.Murphy@am.jll.com

Friday, September 25, 2020

TownePlace Suites Columbus North-OSU Opens in Upper Arlington, Ohio

TownePlace Suites Columbus North-OSU, 1640 West Lane Avenue,
Upper Arlington, Ohio

UPPER ARLINGTON, OH – TownePlace Suites by Marriott, part of the Marriott portfolio and loyalty program, announced the opening of its newest property, TownePlace Suites Columbus North-OSU.

The hotel features 119 suite-style rooms designed to allow extended stay travelers to feel at home and stay productive. The hotel is owned by a joint venture comprised of Dublin, Ohio-based Crawford Hoying, a leading full-service real estate company, and Shaner Hotels, an award-winning, international hotel owner, operator and developer. Shaner also operates the property.

Plato Ghinos

”Our successful track record operating Marriott-branded hotels makes the TownePlace Suites Columbus North-OSU a perfect fit with our existing portfolio of well-branded hotels in strong markets with multiple demand generators,” said Plato Ghinos, president, Shaner Hotels.

“With its fantastic amenities and location in the heart of a thriving neighborhood, we fully expect the property to quickly take its rightful place as the market and segment leader.”

The TownePlace Suites Columbus North-OSU offers spacious suites, each equipped with a full kitchen, a dedicated home office and room to relax in a separate living space.

The hotel also offers complimentary breakfast, free Wi-Fi, on-site laundry and a slew of additional amenities.

Brent Crawford

Common areas in the hotel include an expansive lounge with soft seating, a high-end business center, state-of-the-art fitness center and an easy-to-access “In A Pinch” market, open 24/7.

Located at 1640 West Lane Avenue in the heart of Upper Arlington, TownePlace Suites Columbus North-OSU is just steps away from numerous nearby dining and retail establishments, including Hudson 29 Kitchen + Drink, Whole Foods Market, the Shops on Lane Avenue and more.

It’s conveniently located within a five minute drive of The Ohio State University campus, 10 minutes from downtown Columbus and easily accessible from SR-315.

“The vibrant Upper Arlington community, with its numerous dining and entertainment options, is an ideal location for the TownePlace Suites Columbus North-OSU,” said Brent Crawford, principal of Crawford Hoying. “The extensive amenities and large suites make this hotel the perfect option for visitors searching for a relaxing stay in the city.”

The TownePlace Suites Columbus North-OSU is part of the Westmont at The Lane mixed-use development, which will include 133 for-rent apartments, eight for-sale townhomes, a 395-space public parking garage, 110-space public parking lot and 32,000 SF of office, retail and restaurant space (tenants to be announced soon).

For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram.

Bridge Park, www.bridgepark.com, Westmont at The Lane, www.westmontatthelane.com, and Water Street District, www.livewaterstreet.com, are examples of Crawford Hoying’s transformational development capabilities.

CONTACT:

CHRIS DALY

PRESIDENT

DG Public Relations, LLC

42806 Oatyer Court

Broadlands, Va. 20148

Main: 703-435-6293

Mobile: 703-864-5553

chris@dalygray.com | www.dalygray.com

www.towneplacesuites.marriott.com.

www.shanercorp.com.

www.crawfordhoying.com.

www.westmontatthelane.com.

$24 million in acquisition financing secured for Long Island City flex building

The three-story, 97,047-rentable-square-foot property is currently 100% leased to Apex Technical School.

NEW YORK, NY — JLL Capital Markets announced it has arranged $24 million in acquisition financing for 24-02 Queens Plaza South, a single-tenant flex building in Long Island City, Queens.

Christopher Peck

JLL worked on behalf of the borrower, Botanic Properties, to secure the fixed-rate acquisition financing through MSD Partners.

The three-story, 97,047-rentable-square-foot property is currently 100% leased to Apex Technical School. Apex Technical School has occupied the property since 2012.

The building is in the Queensboro Plaza and Court Square neighborhood, which is home to young professionals and families and is proximate to a variety of dining, entertainment and cultural amenities.

The area offers numerous commuting options to Manhattan and the rest of New York City, with the F, N, W, 7, E, M, G and R trains all within walking distance.

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Christopher Peck, Managing Director Steve Klein and Vice President Thomas Pryor.

Steve Klein

“Long Island City is highly attractive to businesses seeking value rents, highly-educated employees, abundant transit options, proximity to peer companies and a dynamic live, work, play environment,” Peck said.

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.