New York Mansion That Broadway Musical ‘Chicago’ Built Now for Sale at $13.2 Million

The 18-acre, four-bedroom estate, home of Broadway producers 
Fran and Barry Weissler, is located about one hour
from midtown Manhattan

 A New York estate for sale at $13.2 million is the home of Fran and Barry Weissler, the Tony Award-winning Broadway producers who brought Chicago, Waitress, Pippin and Finding Neverland to the stage. 

Fran and Barry Weissler

 Fran Weissler once said of her home that “it's the house that Chicago built” — indeed the producers can be credited with making the show a sensation, reviving a less successful 1970's production, according to TopTenRealEstateDeals.com.

 Beverly Pepper

  It's now the second longest running show in Broadway history after The Phantom of the Opera.

 Located about one hour from midtown Manhattan, the 18-acre, four-bedroom estate includes an outdoor art sculpture by Beverly Pepper and an amphitheater that has hosted private performances by Christopher Plummer, the New York Philharmonic and James Earl Jones. 

James Earl Jones

There is also a four-bedroom guest house, a Hanneke Beaumont bronze sculpture, an in-ground pool with cabana rooms, a tennis court, and sculpture gardens.

Christopher Plummer

Built in 1950, between the main house and guest house there are a total of eight bedrooms, seven full baths, two half baths and a living area of 8,900 square feet.  

Melissa Colabela 

Presenting in a style reminiscent of a French chateau with its roof lines and multiple chimneys, the large estate has an ideal layout for entertaining and goes the extra mile outside where the landscape design will entertain children and adults alike with its maze, sculptures and hiking possibilities in the adjoining nature preserve. 

Anthony Lando 

 Rooms are large with the formal living and dining as well as the kitchen having large wood-burning fireplaces and opening to the outdoors.  

There are multiple seating and dining venues including a large enclosed porch.  Suspended curving stairs with a wrought-iron banister lead to the second floor with its gallery hall.  

Hanneke Beaumont with sculpture

Bedrooms are large with beamed ceilings and open to a large enclosed porch with views over the landscape.

The listing agents for the New York estate that the Broadway musical Chicago built are Melissa Colabela and Anthony Lando of William Pitt-Julia B. Fee Sotheby’s, Irvington, New York.

 

CONTACT:

 

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

 

 Photo credit:  Modern Angles

 

Hockey Star Wayne Gretzky Bought California MansionTwice

Wayne Gretzky

 

THOUSAND OAKS, CA --Hockey’s greatest superstar, Wayne Gretzky, has listed his Thousand Oaks home for $22.9 million. 

 Wayne and his wife, Janet, worked with architect-to-the-stars Richard Landry to design the home in 2002. 

Wayne and Janet Gretzky

 After selling it to former baseball-star-turned-financial-advisor Lenny Dykstra in 2007, who trashed it after filing bankruptcy, the Gretzkys repurchased it in 2018 for $14.9 million and turned it back into a stunning celebrity home, now back on the market even better than it was originally, according to  TopTenRealEstateDeals.com

Lenny Dykstra

 

Sited on 6.5 acres on a crest with 360-degree views of the Santa Monica Mountains and Lake Sherwood, the symmetry of the home is impressive from every angle. 

Bridgett Wilson

More of a complex of structures than just a home, it encompasses two detached guest houses - one with a full gym, a tennis court, huge pool and formally landscaped gardens perfectly matched to the home’s Colonial Revival-style. 

Britney Spears

Measuring 13,276 square feet of living space, there are a total of six bedrooms and eight baths. The grand entrance opens to a foyer with the wide-curving staircase, perfect for a bride’s wedding or family-reunion photographs, into a large living room with huge windows and spectacular long-distance views. 

Paul Anka

 Having undergone some major recent updates, the large high-tech kitchen now opens to the family room.  The master suite includes a sitting room and dual baths.  Other amenities are a billiards room and screening room.

 

Sylvester Stallone 

  There are a total of six fireplaces to warm toes on chilly evenings and the detached garage houses four cars off the circular motor court.  A high level of craftsmanship is seen throughout the house in the detailed millwork including subdued wall panels.

 Pete Sampras

 

Lake Sherwood and the Country Club community is home to many celebrities as either full-time or vacation homes. 

 

 William Randolph Hearst

 

 William Randolph Hearst was the first who used it as a vacation getaway in the 1920s and 30s.  Paul Anka moved there in 2007 and owns numerous properties there.  Pete Sampras, Bridgett Wilson, Sylvester Stallone and Britney Spears add to the celebrity list.

 

Michael Bolton

 

Richard Landry has created over 500 homes including for many actors, musicians and sports figures such as Michael Bolton, Mark Wahlberg, Rod Stewart and Tom Brady.

Mark Wahlberg

 

The listing agent is Arvin Haddad of The Agency, Beverly Hills.

 

CONTACT:

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

Photo credits:  The Agency

Source: www.theagencyre.com

Most Expensive U.S. Home To Ever Go To Auction on Jan. 26 in California; Listed at $160 Million

 Villa Firenze in Beverly Hills, CA, encompassing 28,660SF,
 houses 13 bedrooms, 17 full baths and eight half baths. 

 

Photo credit:  Hilton & Hyland

Source: www.conciergeauctions.com

BEVERLY PARK, BEVERLY HILLS, CA -- With a list price large enough to make a billionaire’s eyes water, currently listed at $160 million, one of America’s most expensive homes, Villa Firenze, will be going to auction on Jan. 26 with no reserve and no minimum bid. 

 Denzel Washington

 Insulated on 10 acres in Beverly Park, the most exclusive part of Beverly Hills, it is the most expensive U.S. home ever to go to auction.

Sylvester Stallone

 Naturally, such an expensive home would be located in Los Angeles' most expensive neighborhood, according to TopTenRealEstateDeals.com

 

Mark Wahlberg

  Not only is Beverly Park guard-gated at the north and south entrances, there are gates within the community as well as gates to each residence - some with private guards. 

  Denzel Washington, Sylvester Stallone, Mark Wahlberg and more red-carpet regulars and business moguls call Beverly Park home.

With land scarce in most wealthy L.A. neighborhoods, that isn’t the case in Beverly Park.  Lot sizes come in acres rather than square feet and the most expensive home is sprawled across 10 acres. 

 

 Encompassing 28,660 square feet, Villa Firenze houses 13 bedrooms, 17 full baths and eight half baths. 

 

Outstanding features include huge windows - some two-story, large Old World-style fireplaces and surrounds, coffered ceilings and wide-arched walk-throughs. 

 

The exquisitely landscaped motor court is surrounded by exotic 40-foot Canary Island palm trees, a central landscaped fountain, and has parking for up to 30 cars. 

 

Opening to a grand foyer, the area beyond contains 20,000 square feet of formal entertaining space.  The grounds contain a two-story guest house, huge pool pavilion with pool house, and a tennis court. 

 

There is a jogging/walking trail around the perimeter of the property.  Grassy lawns, water features, rose gardens and other gardens and multiple verandas for outdoor entertaining assure activities for everyone.

 

One of America’s most expensive mansions, currently listed at $160 million, will be auctioned by Concierge Auctions in cooperation with agents Jeff Hyland and Rick Hilton of Hilton & Hyland, Beverly Hills on January 26th with no reserve and no minimum bid.

 CONTACT:

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

YouTube:  https://www.youtube.com/watch?v=S8WssxrvZK4

YouTube Credit:  Sean Evans, @evvo1991 backtothemovies.com/ 

Source:  TopTenRealEstateDeals.com  

Marcus & Millichap Handles $30 Million Sale of Holiday Inn Resort in Wrightsville Beach, NC

 

184-Room Holiday Inn Resort, Wrightsville Beach, NC

 Robert S. Hunter

WRIGHTSVILLE BEACH, NC – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 184-room Holiday Inn Resort located just outside Wilmington in Wrightsville Beach, North Carolina. The asset sold for $30.25 million. 

                “This Holiday Inn Resort drew a tremendous amount of national interest because of its location in a high-end beach destination with an undeniably high ceiling,” stated Robert S. Hunter, first vice president investments and senior director of Marcus & Millichap’s Hospitality Division.

Christopher J.
Martin

“North Carolina is consistently recognized as one of the fastest-growing states and Wrightsville Beach is a short drive from its largest population centers.”

Hunter and Marcus & Millichap’s Christopher J. Martin and David J. Altman, all based in Fort Lauderdale, along with R. McLean Hicklin III in the firm’s Columbia, South Carolina office, had the exclusive listing to market the property on behalf of the seller, a private partnership.

The buyer, a limited liability company, was secured and represented by Hunter, Hicklin III and Martin. Ben Yelm, regional manager, assisted in closing the transaction.

David J.
Altman,

“New hotel supply in Wrightsville Beach faces multi-layered barriers to entry that are unmatched by other most seasonal leisure markets,” added Hunter.

“Ultimately, the premium for those barriers and the desirability of the asset itself helped restore value to roughly 86% of pre-COVID market value.”

R. McLean
Hicklin III 

Built in 1999, this seven-story Holiday Inn Resort is located directly on Wrightsville Beach.

The hotel has over 8,000 square feet of meeting space, including a 400-person capacity ballroom, three swimming pools with two whirlpools, two restaurants, a lounge, a fitness center, a sand volleyball court, a Kid Spree Vacation Club, and a shuttle service.

Ben Yelm

 CONTACT:

publicrelations@marcusmillichap.com

www.MarcusMillichap.com.

Marcus & Millichap Brokers $5 Million Sale of Wesley Chapel, FL retail center

David G. Bradley

WESLEY CHAPEL, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Scherer Center, a 8,050-square foot retail property located in Wesley Chapel, FL, according to David G. Bradley, regional manager of the firm’s Tampa office. The asset sold for $5,275,000.

Jim Shiebler, James Garner, James Medefind and Evan Cannan, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a developer.  

Jim Shiebler

The buyer, a partnership, was secured and represented by Jonathan Weir, an investment specialist in Marcus & Millichap’s South Bay office.

 “This asset’s sale is really incredible," stated  Shiebler.

 "The quality of the national tenants, the prime location and superior construction garnered a large level of interest for the property. Our team generated 5 offers and created a highly competitive environment. 

"The ultimate buyer, a 1031 exchange buyer from California, understood and appreciated the property drivers and the enormous growth of the Wesley Chapel submarket.

"Through our proven process, we were able yield a price that had a very compressed cap rate which was based on a blended income level over the next ten years.

James Garner

"This type of creative and strategic underwriting allowed our team to yield the seller a much higher price than a traditional in place income sale and is yet another example of how Medefind Retail’s use of cutting-edge sale strategies sets the standard as the consistent market retail sales leader.” 

Scherer Center is located at 28385 FL-54 in Wesley Chapel, FL.  The property features brand new Class A construction with three national tenants including AT&T, Dunkin and Heartland Dental, and is ideally located in a burgeoning corridor of Wesley Chapel with an average daily traffic count of over 50,000 cars per day. 

Scherer Development designed, leased and built the project. Scherer has developed 600 multifamily units and over 600,000 square feet of commercial space in Florida, including the recently completed 8,050-square-foot Scherer Center.

James Medefind

Scherer Development LLC is a private real estate investment firm with over 20 years of experience in real estate development, entitlement acquisition and building construction.

CONTACT:

David G. Bradley

Regional Manager, Tampa

(813) 387-4700

www.MarcusMillichap.com.

 

Cypress Executive Center Sells for $17.5 Million in Fort Lauderdale's Uptown Business District

Cypress Executive Center, 1901 West Cypress Creek Road
Fort Lauderdale, FL

 Douglas Mandel

FORT LAUDERDALE, FL – Marcus & Millichap (NYSE: MMI) announced  the sale of Cypress Executive Center, a office building located in the Uptown Business District of Fort Lauderdale, FL.  The asset sold for $17.5 million.

ICM Cypress LP, an affiliate of Calgary-based ICM Realty Group, sold the 140,635-square-foot office building at 1901 W Cypress Creek Road to  Cypress Corporate Center LLC.

The price equates to $124 per square foot.  The property is situated on a ground lease that is owned by the City of Fort Lauderdale and has just under 50 years of lease term remaining.

Marcus & Millichap’s Douglas Mandel, Tyler S. Kuhlman and Richard Redmond had the exclusive listing to market the property on behalf of the seller. 

Tyler S. Kuhlman 

“We have sold several properties over the years that were subject to city of Fort Lauderdale ground leases, so we are very familiar with working with Airport Authority and the city of Fort Lauderdale to navigate the assumption process”, says Mandel. 

ICM purchased the building in 2015 for $10.9 million when Mandel represented the Seller. At the time, building was just 60% occupied. 

After the acquisition ICM completed a building-wide renovation, re-branding and repositioning strategy, which resulted in the building’s stabilization. 

“Our partnership with Doug’s team for the building sale was vital to executing our investment strategy”, said ICM Realty’s Andrew Webb.

Richard Redmond

“The Cypress Executive Center garnered premium pricing due to current ownerships ability to stabilize the asset, whilst significantly upgrading the buildings core amenities and successfully executing on their value-add strategy from inception,” stated Kuhlman.

Cypress Executive Center is located at 1901 W Cypress Creek Rd in Fort Lauderdale, FL. 

 It is directly across the street from the Fort Lauderdale Executive Airport in the Uptown Business District of Fort Lauderdale, which is home to numerous major national corporations such as Citrix, Microsoft and others. 

Andrew Webb

 The property was constructed in 1987 and extensively upgraded between 2015 and 2019, with over $1.3 million worth of improvements added to the building, in addition to considerable Tenant Improvements made to many of the suites during the same period.

 CONTACT:

Ryan Nee

First Vice President

District Manager

Fort Lauderdale, FL

(954) 245-3400

www.MarcusMillichap.com.