Tuesday, November 9, 2021

Homie, Vegas Golden Knights Foundation team up again on 'Saves for Charity'

Kim Frank
 

 LAS VEGAS, NV — An official partner of the Vegas Golden Knights (VGK), the tech-based real estate company Homie announced that it will again partner with the VGK Foundation on “Saves for Charity” to benefit the Las Vegas Coalition to Make Homes Possible.

 

As part of the philanthropic partnership, the VGK Foundation will become the first local sports entity to join the Las Vegas Coalition to Make Homes Possible, which Homie is sponsoring to help close the Black homeownership gap in Southern Nevada by empowering families with resources such as down payment assistance, financial coaching, credit repair, housing counseling, and real estate services, to achieve homeownership over the next 10 years.


Elias Benjelloun

 “The Golden Knights Foundation is proud to further their partnership with Homie by joining the Las Vegas Coalition to Make Homes Possible,” said VGK Foundation President Kim Frank.

 

With “Saves for Charity,” Homie will donate $5 for every VGK goalkeeper save during the 2021- 2022 regular season, and the VGK Foundation will match Homie’s donation with an additional $5 per save.

 

“Homie’s mission is to make homeownership easy, accessible and affordable for all,” said Elias Benjelloun, Head of Social Impact for Homie.

 

 “We greatly appreciate our partnership with the Vegas Golden Knights Foundation and that together we can further support this mission, especially in the valley’s underserved and disadvantaged communities.”

 

Last season, “Saves for Charity” raised more than $22,000 for NID Housing Counseling Agency of Southern Nevada to support the agency’s housing counseling services.

 

CONTACT: 

 

Amy Maier

The Warren Group

 amy@twgpr.com

 702-904-0296

Sunday, November 7, 2021

JLL Capital Markets arranges the equity and construction financing for FLEXSPACE Ventures new state-of-the-art cold-storage warehouse near JAXPORT in Jacksonville, FL

 

Melissa Rose

MIAMI, FL – JLL Capital Markets has arranged joint venture development equity and construction financing for the build-to-suit development of FlexCold – Jacksonville, a 150,000-square-foot, state-of-the-art cold storage warehouse in Jacksonville, Florida.

 JLL worked on behalf of the developer, FLEXSPACE Ventures, LLC, to arrange the development equity partnership with BentallGreenOak (BGO).

Marc Duval

Additionally, JLL placed the two-year, floating-rate construction loan for the project with Bank of America.

 The JLL Industrial Equity Advisory team that represented the developer included Marc Duval, Dustin Volz and Wells Waller.

The JLL Debt Advisory team was led by Michael Klein,
Melissa Rose and Wells Waller.

“This joint venture creates an experienced operating platform and a leading investment manager targeting cold storage development in key distribution nodes in the U.S.,” Duval said.

 “The partnership between Flexspace and BGO will be a dynamic relationship going forward and help solve the challenges of inefficient product and supply chain disturbances within the space.”

Dustin Volz
 “Due to the best-in-class sponsorship in Flexspace and BGO and the ideal location with proximity to JAXPORT, we were able to build a strong market of lenders and had a seamless execution on the construction financing,” Klein said.

 “Lenders are finally understanding the growing necessity for new cold storage developments focusing on the use of technology to create flexible and efficient temperature-controlled space.” Rose added.

The facility is designed specifically to serve industries such as poultry, beef, seafood, and frozen consumer packaged goods.

Wells Waller
FlexCold is a new market entrant in the third-party food logistics industry, that will utilize the facility to meet a variety of needs, including convertible storage areas, USDA and FDA inspection rooms, blast-freezing capabilities and extensive import/export services.

Opening summer 2022, the facility will have more than 25,000 pallet positions, 50-foot clear heights, and temperatures ranging from -10 to 35 degrees Fahrenheit.

Other facility features include insulated metal-panel construction, high-density mobile racking system, ALTA refrigeration system and 28 refrigerated docks.

Michael Kline

 Situated on 12.06 acres at 11180 Blasius Rd., FlexCold – Jacksonville is strategically located approximately three miles from Jacksonville Port Authority (JAXPORT), which is one of the busiest seaports in the U.S. and provides direct connections to 140 ports in 70 countries around the world.

 

CONTACT:

 Kimberly Steele

 JLL Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 

Construction Begins on Banner Health Center Plus at The Grove in Phoenix, AZ

Joan Thiel
 

PHOENIX, AZ – RED Development this week joined Banner Health for a groundbreaking to mark the start of construction on a new single tenant medical building at its highly anticipated mixed-use development, The Grove, which is situated on the corner of the prestigious Camelback Corridor and will be home to the state’s second Banner Health Center Plus.

The 70,000-square-foot building will accommodate approximately 160 employees and will be located at 4200 E. Camelback Rd.

 

Pat Williams,

Banner was represented by Pat Williams, managing director at JLL, with financing provided by Bankers Trust. Bringing together leading companies with construction by Okland Construction, architecture by Nelsen Partners and interior design by Devenney Group, the center is designed with a patient-centric strategy to transform health care options in the area.

 “Banner Health is pleased to partner with RED Development on the Banner Health Center Plus project to bring a vast array of quality health care options to the Camelback Corridor community,” said Joan Thiel, vice president of ambulatory services for Banner Health.

  “Our medical specialists and clinical staff will provide comprehensive health care in a convenient location with desired amenities to make life better," Thiel says.

Mike Ebert

  “Welcoming Banner Health to The Grove underscores our goal with this development to bring the most exceptional services to the community,” said Mike Ebert, managing partner at RED Development. 

“We’re proud that Banner Health chose The Grove to open its second-ever Banner Health Center Plus and the outstanding options it will undoubtedly provide.”

Sam Fox 

The Grove, a $400 million mixed-use destination on the northwest corner of 44th Street and Camelback Road, is located at one of the most high-profile intersections in the Valley. 

Banner Health joins the elite group of revered companies located at The Grove including a state-of-the-art Phoenix Suns and Phoenix Mercury private training facility that opened in late 2020 and The Global Ambassador, a hotel by restaurant innovator Sam Fox that will merge hospitality, culinary and wellness experiences, which is slated to open in fall 2023. 

Additionally, a Class AA office building by RED Development will be completed by 2022.

 CONTACTS:

 J. Lauren PR & Marketing

Jessica Urgiles / 480-634-0250 / Jessica@JLaurenPR.com

 

Jan Bracamonte / 480-540-3842 / Jan@JLaurenPR.com

nelsenpartners.com.

okland.com

BankersTrust.com

jll.com.

bannerhealth.com

REDdevelopment.com

 

Saturday, November 6, 2021

JLL’s Phoenix Capital Markets group hires leading institutional office expert Will Mast


Will Mast 

 PHOENIX, AZ  JLL Capital Markets announced that seasoned broker, Will Mast has joined the firm as a Senior Director in its Phoenix office. Mast, working together with Senior Director Ben Geelan, will focus on the sale of institutional office assets throughout the growing Phoenix MSA.

Mast has 15 years of impressive experience in commercial real estate, and, since 2010, has been involved in more than 100 transactions totaling over $3.5 billion in value. A graduate of Southern Methodist University, the Phoenix native is a member of Urban Land Institute and National Association of Industrial and Office Properties.

 

Ben Geelan

"I couldn't be more thrilled to join JLL and to partner with Ben, whom I've always admired personally and professionally,” said Mast. “We're entering an incredible time for Phoenix real estate and I'm excited to get to work."

 The Phoenix JLL office has closed $957 million in office investment sales, equity and debt advisory transactions through third quarter 2021 and has a strong pipeline going into the end of the year.


CONTACT:

 Cierra Lacasse

PR, Capital Markets

JLL

T +1 602 648 8701

M +1 408 318 8021

JLL.com

Manufactured Housing values pushed to record levels

Geraldine Guichardo
 

CHICAGO, IL – The unprecedented surge of investment volume in the multi-housing sector is reaching record levels and pushing valuations for manufactured housing communities (MHCs) to an all-time average high of $46,970 per pad in the second quarter of 2021.

 

Early third-quarter transaction volume is indicating the highest trailing four-quarter investment volume ever recorded at $4.5 billion, which will continue to have a positive effect on valuations.


Scott Belsky


“Increased investor and occupant demand, limited supply and consolidation of single assets and smaller portfolios all contributed to valuations reaching an all-time high,” said Scott Belsky, JLL Valuation Advisory National Practice Lead – Manufactured Housing.


 According to JLL’s Manufactured Housing Report, the sector has continued to produce favorable investor returns and strong loan performances and helps provide a solution for the nation’s growing need for affordable living options.

 

Due to its attractiveness, the last 12 months saw a flurry of institutional investment activity in the manufactured housing sector, resulting in increased demand, as investors sought to place capital in more recession-resilient sectors.

 

“The shortage of affordable housing is one of the largest unresolved issues in commercial real estate – and our society – today,” added Geraldine Guichardo, Director, Americas Living Research.

 

“Some renters struggle to find an affordable place to live, and the problem isn’t improving. Since the growing demand for affordable housing presents an opportunity for unconventional solutions, the manufactured housing industry may be well-positioned to reap the benefits of that pent-up demand.”


Zach Bowyer
 

“With asset pricing climbing to new peaks as the investment landscape evolves, investors are adjusting their approaches to deploying capital in a recessionary cycle, with MHCs proving to be one of the more reliable performers,” said Zach Bowyer, MAI, Head of Alternative Real Estate Sectors for JLL Valuation Advisory.

 

JLL anticipates investor sentiment in MHCs to remain optimistic through 2021 and into 2022, with a focus on value and risk, along with ESG goals, shaping investor behavior.

 

 

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

  

U.S. property valuation and tax consulting services are performed by JLL Valuation & Advisory Services, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.

 

 CONTACT:

Kimberly Steele

PR, Capital Markets,

Agency Leasing and

Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com 


Friday, November 5, 2021

Site Construction of High-End DeBary Community’s Last Phase Is Complete and Ready for Buyers



Riviera Bella community clubhouse, DeBary, FL

DEBARY, FL  Now in its ninth and final phase, Riviera Bella – The Henin Group’s upscale, single-family home development along the St. Johns River – is preparing to welcome its last group of new families.

Jerome Henin
According to The Henin Group’s president and CEO Jerome Henin, site construction just off Fort Florida Road near Lake Konomac, was completed by Jon M. Hall Construction of Sanford and the 153 homesites were sold to Dallas-based D.R. Horton.

“The builder has closed on their first 36 homesites and construction is now underway,” Henin said, adding that all of the remaining sites should close by the end of next year.

D.R. Horton is offering three-, four- and five-bedroom homes ranging in size from 1,672 to 2,807 square feet and priced starting in the mid-$300,000s.   

With an anticipated sell-out by 2022, Henin said the development – which started in 2004 – is more than two years ahead of projection.

Riviera Bella community entrance

“The opening of phase nine marks the completion of the entire 710-homesite community.”

CONTACTS:

Jerome Henin, CEO The Henin Group

 386-668-7811, 407-644-8595 or Jerome@henin-co.com.

Beth Payan, Larry Vershel Communications,

407-644-4142, 407-461-3781 or beth@larryvershel.com.


JLL Capital Markets arranges $15 million loan for the 52-bed Monarch Cottages memory care community in La Jolla, CA

 Alanna Ellis
 

 SAN DIEGO, CA – JLL Capital Markets has arranged a $15 million refinance for Monarch Cottages, a 26-unit, 52-bed, 2-story, Class A luxury memory care community in the San Diego community of La Jolla, California.

 JLL represented the borrower, Monarch Senior Livingin arranging a loan.

 The JLL Capital Markets debt team that represented the borrower was led by Directors Alanna Ellis and Bercut Smith.

Bercut Smith

Located at 7630 Fay Ave., Monarch Cottages is near the 5 and 52 freeways, offering access to many of La Jolla’s popular attractions, including Shell Beach, La Jolla Cove, Goldfish Point, the La Jolla Tide Pools and rich cultural venues.

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

 About Monarch Senior Living

Monarch Cottages, a 26-unit, 52-bed,
2-story, Class A luxury memory care
community in the San Diego community
of La Jolla, California.

Monarch Senior Living (“the company”) was founded in 1982 to develop, acquire, own, finance and manage senior living communities.

 The company has developed and operated a portfolio of well known communities, consisting of over 3,400 units, with a value of $1 billion, which represent the high caliber approach of the company.

 

CONTACT:

 

Cierra Lacasse

 JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email: Cierra.Lacasse@am.jll.com

 

Retired NBA Star Shaquille O'Neal Sells 28-Year-Old, 31,000-SF Orlando Mansion for $11 Million after Dropping Price from $28 Million

Shaquille O’Neal 
 

 ISLEWORTH at ORLANDO, FL -- Shaquille O’Neal could easily afford to wait out the sale of his Isleworth, Lake Butler estate near Orlando, Florida, which he purchased in 1993 for $3.95 million, and which became one in his later collection of homes around the country. 

Shaquille O’Neal's 28-year-old,
31,000-SF, 12 bedroom,
15-bath mansion
  on Lake Butler in the
 affluent Isleworth
  community near
  Orlando, FL

 

No, it didn’t sell for its original asking price of $28 million, nor did it sell for its later price reduction to $16.5 million. 


 It sold for $11 million and the retired NBA star and astute businessman went to the bank clutching his $7.05 million profit.  But it must have been fun to try.



Shaq continues to get richer from his myriad of business investments that bring in beaucoup amounts of passive income, while he enjoys doing what he likes to do - talk sports as an analyst for “Inside the NBA” on TNT in Atlanta. 

 

 Savvy from the start, when offered sponsorships, he didn’t want just the money, he wanted equity in the business. 



  In a recent interview, according to TopTenRealEstateDeals.com, when his children said “We’re rich,”  Shaq said, “No, I’m rich.  But when you create something good enough, I may invest in it.”

 

Highly customized, Shag’s mansion, located in a gated golf community near Disney World and ESPN, measures in at 31,000 square feet and spreads across its entire three acres.


 

  It includes 12 bedrooms, 15 baths, chef’s kitchen with Viking, Wolf and Sub-Zero appliances, a massive living room, formal dining, media room with bar and a "gentleman’s room" with game tables, and wet bar.

 

The master wing has a four-room closet, his-and-her baths and, in the bedroom, a custom 15-foot round bed.

 

The guest wing has its own great room with bar and five ensuite bedrooms. Some unusual rooms include a temperature-controlled, cedar-planked humidor and wine storage, and an aquarium-style room with a saltwater triangular fish tank.


Benjamin Hillman 


 Most impressive is the wall mural of a true-to-size, red tractor-trailer barreling toward the interior of the room on an expressway. With the front cab bumped out of the wall and his nickname Superman logo on the grill, the realism is electrifying.

 

Benjamin Hillman with Premier Sotheby’s International Realty represented O’Neal.  Rob Rahter, a broker associate and luxury home specialist with Stockworth Realty Group, represented the buyer.

 

Photo credit: Uneek Luxury Tours

Source: toptenrealestatedeals.com

 CONTACT:

 Genelle C. Brown

Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  336-459-3725
Twitter:  @toptenrealestat
Facebook.com/toptenrealestat