Tuesday, October 19, 2021

Ware Malcomb Announces Completion of Princeton Longevity Center at 1 World Trade Center, New York, NY

 

 Princeton Longevity Center
1 World Trade Center, New York, NY


PRINCETON, NJ – Ware Malcomb, an award-winning international design firm, announced construction is complete on Princeton Longevity Center, a preventive medicine facility located at 1 World Trade Center, 71st Floor, Suite 71E, New York, NY 10007.

Ware Malcomb provided the interior architecture and design services for the project. 

The 10,000 square foot facility is a new build-out that includes a 2,000 square foot imaging-diagnostic licensing suite, including advanced technology imaging rooms and a CT scan room.

Marlyn Zucosky

The space also includes a reception area, a lounge, individual patient rooms, exam rooms, offices, and a fitness room. 

“Princeton Longevity Center is extremely patient-centric in all of their decisions,” said Marlyn Zucosky, Regional Director, Interior Architecture & Design for Ware Malcomb.

“We were pleased to work closely with them to design a facility to enhance their patients’ experience and wellness. The result is a highly-functional, relaxing and beautiful space in one of the world’s highest-profile buildings.”

 

CONTACTS:

Rachel Devany

VP Public Relations

KCOMM for Ware Malcomb

Rachel@kcomm.com 

 

Maria Rodgers, Public Relations Manager, 949.660.9128, mrodgers@waremalcomb.com

 

Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128

 mbissonnette@waremalcomb.com

Hold-Thyssen Closes Land Deal for Development of Maitland Fitness

MAITLAND, FL 

Martin Forster
--- Development is imminent on Lot 2 of Uptown Maitland which recently sold.   The sale was facilitated by Martin Forster, CCIM of Hold-Thyssen, Inc. a full-service commercial property firm based in Winter Park.

The 1.21 acre site at 425 Sybelia Parkway was purchased for $950,000 cash by Orlando-based J5 Properties 8650, LLC.   The seller is Uptown Maitland, LLC.

 Forster says the buyer will construct a 12,500 square foot building that will house Maitland Fitness, an upscale training and fitness facility; 3,000 square feet of office space for lease on the second level; a ground floor corner café and snack bar serving coffee, smoothies and juices with outdoor patio seating that will overlook a pond.

 Forster listed the property and represented both buyer and seller as a transactional broker.

Rendering of planned Maitland Fitness complex
 Maitland, FL

 Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year-old firm’s current management portfolio includes more than 100 commercial properties throughout the United States .

 

CONTACTS:

Martin Forster, CCIM, Broker-Associate Hold-Thyssen Inc.,

321-299-4164, mforster@HoldThyssen.com 

 

Robert P. Hold, Principal, Hold-Thyssen, Inc.,

407-691-0505, bhold@HoldThyssen.com

 

Beth Payan, Larry Vershel Communications Inc. 

07-644-4142 Beth@larryvershel.com

 

JLL Capital Markets closes $5 million land sale in Cary, NC’s Twin Lakes to SunCap Property Group

 Sarah Godwin
 

 RALEIGH, NC– JLL announced has closed the $5 million land sale for a 5.77-acre, infill development opportunity zoned for multifamily, part of Twin Lakes Center in Cary, North Carolina.

 JLL marketed the property on behalf of the seller, Leyland Twin Lakes, LLC. SunCap Property Group (“SunCap”) acquired the property.

 David Lee of SunCap’s multifamily division worked closely with the Town of Cary to plan the community.

 “SunCap is very excited to break ground on our first multi-housing property in the RTP area,” commented Lee, Senior Vice President.

 David Lee

“We have been studying the market for some time and feel this is the perfect opportunity to bring an outdoor-centric, bike-friendly residential offering to the area.”

The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Director Sarah Godwin.

 “The Twin Lakes development is well-positioned along Davis Drive, Cary’s main artery into RTP, and is located only 5 minutes from a top tech company’s future RTP campus,” said Godwin. “The community has strong walkable connectivity to Wegmans and will enjoy a future greenway trail connection.”  


CONTACT:

 

Cierra Lacasse

PR, Capital Markets

JLL

T +1 602 648 8701

M +1 408 318 8021

JLL.com

 

JLL Capital Markets arranges $31.6 million financing for the acquisition and mezzanine loan for Estancia Senior living in Fallbrook, CA

 

 

Alanna Ellis

San Diego, CA, Oct. 19, 2021 – JLL Capital Markets announced today that it has arranged $31.6 million in acquisition and mezzanine financing for Estancia Senior Living, a 103-unit, 114-bed, newly developed, Class A assisted living and memory care community at 1735 South Mission Road in the Southern California community of Fallbrook.

JLL worked on behalf of the borrower, Contour, to secure the $24 million three-year, floating-rate bank loan. Additionally, JLL worked to secure a $7.6 million, four-year, fixed-rate mezzanine loan.

Jeff Sause

The Capital Markets Debt and Equity Advisory team representing the borrower included Director Alanna Ellis and Senior Director Jeff Sause.

Estancia Senior Living is operated by Meridian Senior Living.

Estancia Senior Living is a brand-new senior living community, which debuted Summer 2021.

For more news, videos and research resources on JLL, please visit our newsroom.


CONTACT:

 Cierra Lacasse

PR, Capital Markets

JLL

T +1 602 648 8701

M +1 408 318 8021

JLL.com

 

Monday, October 18, 2021

KKR Acquires Novē at Knox in Dallas, TX from KBS and Southern Land Company

Novē at Knox is a a 19-story, 310-unit
Class A luxury multifamily complex
in the Knox/Henderson district
near Downtown Dallas, TX




DALLAS, TX and NEW YORK, NY 
Chris Lee

– 
KKR, a leading global investment firm, Kairoi Residential (Kairoi), a national multifamily investment, development, and property management company, KBS, one of the most prominent investors in premier commercial real estate, and Southern Land Company (SLC), a national real estate developer of mixed-use developments and master-planned communities, announced that KKR and Kairoi have acquired Novē at Knox, from KBS and SLC. 

Kairoi will operate the hospitality-inspired property. Novē at Knox was developed and operated by SLC in partnership with KBS.

“Our acquisition of Novē at Knox strengthens our already deep presence in the highly-attractive Sun Belt region which continues to benefit from net migration as a result of strong employment growth and attractive lifestyle benefits,” said Chris Lee, partner and head of real estate Americas at KKR. 

“Novē at Knox is a landmark luxury property ideally located in Dallas’ go-to locale for individuals seeking a dynamic destination to live and work. We believe this property is poised to benefit from Dallas’ strong economic fundamentals in the years to come.”

“High-end multifamily properties like Novē at Knox, located in thriving Texas markets like Dallas, are increasingly attracting investors,” says Gio Cordoves, Western regional president for KBS. 

Gio Cordoves

“In fact, KBS has been ahead of the curve in monitoring population in-migration to these markets. 

Recently, Dallas was ranked second among Texas counties where people were relocating, supporting our development of this asset. 

"As Dallas continues to attract residents from other parts of the country, demand for top-tier multifamily properties like Novē at Knox is on the rise in this market.”


“Novē at Knox presented an excellent opportunity for KBS to leverage its deep office and local market expertise in this region to develop a luxury apartment complex within the Dallas metro,” says Brett Merz, asset manager for Novē at Knox and senior vice president at KBS. “This is an extremely desirable property for investors in this market.”

 

Brett Merz
KBS is the asset manager of several best-in-class office properties in the Dallas/Fort Worth market, including 3811 Turtle Creek, Highland Park Place, Legacy Town Center I-III, Preston Commons, Providence Towers, Sterling Plaza and Tollway North Office Park, among others.


“The ability to collaborate with KBS on this project and deliver a one-of-a-kind luxury asset in the middle of a pandemic is an outstanding accomplishment,” says Tim Downey, founder, and CEO of Southern Land Company. 


“We remain proud of what we created with Novē at Knox and the lifestyles it offers residents in such a vibrant area of Dallas.”


Tim Downey
“This is a very well-appointed apartment complex with spectacular views, unmatched services and a highly desirable location,” said Madison Marceau, president of acquisitions at Kairoi. 

“We are pleased to participate in this transaction with KBS and Southern Land Company who have positioned this property for long-term success and to collaborate on another great investment with KKR.”


Gibson Dunn & Crutcher, LLP represented KKR and Kairoi on the purchase of Novē at Knox. Greenberg Traurig, LLP represented KBS and Southern Land Company as legal counsel in the disposition.


Madison Marceau

CONTACTS:

 

 

KKR Media Contact:

Miles Radcliffe-Trenner

(212) 750-8300

media@kkr.com

 

KBS Media Contacts:

Lexi Astfalk or Jenn Quader

Brower Group

(949) 438-6262

KBS@brower-group.com

 

Ginny Walker

KBS Public Relations Director

949-417-6535

gwalker@kbs.com

 

Southern Land Company Media Contact:

Jenna Lefever

SLC Public Relations Director

615-778-2182

Jenna.Lefever@southernland.com

  


 



Intracorp Breaks Ground on 178-Unit Luxury Multifamily Community in Irvine, CA

 Rendering of planned 2055 Main Street
apartments, Irvine, CA

 IRVINE, CA – Intracorp, one of North America’s largest developers of multifamily homes, has broken ground on a new 178-unit Class A apartment development at 2055 Main Street in the heart of the Irvine Business Complex (IBC) in Irvine, California.

 The project, Intracorp’s fourth development in the IBC, demonstrates the ability of local experienced developers to deliver extraordinary for-sale and for-rent properties in infill markets, according to Brad Perozzi, president of Intracorp’s Southern California division.

“Intracorp has an exceptional team that has built a reputation based on integrity, expertise and quality developments,” says  Perozzi.

Brad Perozzi

“We have a niche, boots-on-the-ground approach to development that enables us to move quickly on projects and add value from a unique perspective.

  "It also makes us a synergistic partner with large equity firms seeking innovative, seasoned development companies with a distinctive edge.”

 Located at 2055 Main on the corner of Main Street and Gillette Avenue, this will be Intracorp’s first for-rent multifamily development and fourth ground-up project in the IBC.

 “With three successful IBC townhome developments completed and our first IBC apartment community under development, Intracorp has a pulse on this market,” notes Perozzi.

  CONTACTS:


Elisabeth Manville / Lara Sassounian

Brower Group

(949) 438 -6262

emanville@brower-group.com

 Follow us on:

Facebook: facebook.com/intracorphomesca

Instagram: @intracorphomesca

 

IntracorpHomes.com


RKW RESIDENTIAL Announces Two New Regional Managers in South Florida

 

Chantal Renaud

Miami, FL (Oct. 18, 2021) - RKW Residential, one of the nation’s fastest-growing multifamily management firms, continues to expand its South Florida team with the addition of Sabrina DeLorme and the promotion of Chantal Renaud. Both are based in the firm’s Miami office. 

DeLorme, a new Regional Manager with RKW, brings 20 years of experience across the Florida and Georgia markets.

  In her new role, she oversees a portfolio of communities across South Florida. DeLorme’s extensive background in renovation management also complements the firm’s strategic oversight of value-add projects. 

 After starting her career with Trammell Crow Residential and continuing during its transition to Riverstone Residential, DeLorme served as Regional Supervisor for Fairfield Residential.

 

Sabrina DeLorme

Renaud, who is also based in South Florida, has more than 15 years of experience leading property operations for garden, mid-rise and high-rise assets.

 Her promotion to Regional Manager for RKW means Renaud oversees operations for a portfolio of communities throughout the region.

  Prior to the promotion, she oversaw the RKW-managed Seabourn Cove in Boynton Beach.

 Before joining RKW, Renaud worked with Greystar and Alliance Residential Group.

Johnny De La Espriella
 

“Sabrina and Chantal strengthen our growing team in South Florida,” RKW Senior Vice President – Operations Johnny De La Espriella said.

  “Their new roles come at a pivotal time for us, as our clients in the region continue to start new multifamily developments and pursue community acquisitions.”

 Founded just six years ago, RKW is one of the multifamily industry’s most compelling entrepreneurial success stories in recent memory.

 The company was recognized by Multi-Housing News as the nation’s third-fastest growing multifamily management company in the publication’s 2021 rankings. It also made MHN’s annual “Top Property Managers” list for the third consecutive year.

  CONTACT:

 Eric Kalis

Vice President, BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

 

www.rkwresidential.com.

 

 

 

 

Tauro Opens First Office in Greater Phoenix, AZ Area

Stephen Stein
 

 Phoenix, AZ— Tauro Capital Advisors, Inc., a fully integrated financial services company and fiduciary with a diverse background in capital markets of all aspects of commercial real estate, has announced its expansion into Arizona with the opening of its first office at 7014 East Camelback Road, Suite B100A, in Scottsdale.  

 This is Tauro’s first location outside of California.

 The firm is currently headquartered in Los Angeles and has additional offices in San Diego, Orange County, and Sacramento, according to Stephen Stein, Managing Partner at Tauro Capital Advisors.  

 “We have been rapidly expanding year-over-year and are on track to triple in size by the end of 2022,” says Stein.

  “A key reason for our continued growth is our team’s ability to source innovative and competitive debt and equity solutions for a range of clients, even during the economic uncertainty of the pandemic.”  

 

Richard (Rich) Perry

Tauro’s Phoenix office will be led by Lead Advisor, Rich Perry, Senior Advisor at Tauro Capital Advisors.  

 Perry says: “We are actively looking for advisors to join our Phoenix team. 

"Our new office will reinforce our commitment to recruiting talented and passionate individuals who want to be part of a supportive company culture that provides the resources and mentorship necessary for its professionals to seamlessly solve clients’ financing needs and challenges with integrity and transparency.” 

 CONTACT:

 Anthea Davis  

Brower Group 

(949) 981-7700 

andavis@brower-group.com  

 https://www.taurocapitaladvisors.com

Sunday, October 17, 2021

JLL Capital Markets closes $30 million sale of 98-unit Hidden Village apartments in West Linn, OR

Carrie Kahn
 

PORTLAND, OR – JLL Capital Markets has closed the $30.25 million sale of Hidden Village, a 98-unit, garden-style multi-housing community in West Linn, Oregon.

 JLL marketed the property on behalf of the seller, Guardian Real Estate Services LLC. FPA Multifamily acquired the property.

Ira Virden

The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Senior Managing Director Ira Virden, Senior Director Carrie Kahn and Associate Frank Solorzano.

 Hidden Village comprises one- and two-bedroom flats and two-bedroom townhomes averaging 848 square feet.

Units feature stainless steel appliances, fireplaces, upgraded LED lighting, balcony/patio with storage and vaulted ceilings. The community offers a clubhouse, pool, spa, fitness center, covered parking and detached garages.

 Frank Solorzano

Situated at 40010 Robin Pl., Hidden Village is surrounded by a host of expanding manufacturing, educational and healthcare companies, including Clackamas Community College, PCC and Blount.


CONTACT:

 Cierra Lacasse,

JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com

gres.com.

jll.com.

www.fpamf.com.