MCA Realty Acquires Three Assets in Las Vegas, NV and in Fife, WA Through $50 Million Fund

Fife Business Center,
 a 65,342 square-foot, two-building
 industrial park in the greater Puget Sound
metro submarket of Fife, WA

ORANGE COUNTY, CA – MCA Realty, a full-service real estate investment and management company based in Orange County, California, has announced the recent acquisitions of three assets: one in Fife, Washington and two in Las Vegas, Nevada for a total consideration of $16 million.

 The three assets were acquired through the firm’s fund, ‘MCA Realty Industrial Growth Fund, LP’ [MCA], which met its target of $50 million in equity commitments within just three months, according to Tyler Mattox, Principal at MCA Realty.

 MCA continues to be bullish in the industrial sector, targeting value-add industrial assets throughout the western U.S. and strengthening their portfolio with these sixth, seventh, and eighth additions to its fund. 

Tyler Mattox

 The acquisitions include two existing industrial properties and one parcel of vacant land where the firm plans to develop two single-tenant industrial buildings.

 Mattox notes that industrial net absorption nationally totaled more than 120 million square feet in Q3, a 135% increase over the same period last year.

 The three recent acquisitions include:

     MCA Realty has acquired Fife Business Center, a 65,342 square-foot, two-building industrial park in the greater Puget Sound metro submarket of Fife, Washington, for $10.4 million in an off-market transaction.

  This asset is the firm’s third acquisition in Washington and is located at 4624 and 4630 16^th Street in East Fife, Washington.  

 Joel Jones and Nick Ratzke with Neil Walter Company represented MCA Realty as the buyer in the transaction.

Windy Road Warehouses, Las Vegas, NV

MCA acquired Windy Road Warehouses, a 19,901 square-foot, seven-building industrial project in Las Vegas, for $3.45 million in an off-market transaction.

 The asset is located at 6460, 6466, 6472, 6478 Windy Road in Las Vegas, Nevada. Kevin Higgins and Sean Zaher at CBRE represented both parties in the transaction.

 MCA Realty has also acquired 3.68 acres of land in Las Vegas, Nevada for $2.24 million.

  Dan Doherty, Jerry Doty, Chris Lane and Paul Sweetland with Colliers International represented both parties in the transaction.

 Contacts:

 Tess Hezlep / Katie Haga

The Smart Agency, Inc.

(949) 438-6262

thezlep@thesmartagency.com

 

 www.mca-realty.com.

 

GreenRock Leads Record-Setting $103 million in C-PACE Funding for Chinese Hospital in San Francisco, CA

Dr. Jian Zhang

 SAN FRANCISCO, CA, Jan. 27, 2022 – Today, GreenRock Capital LLC (GreenRock) successfully led $103 million in Commercial Property Assessed Clean Energy (C-PACE) funding for Chinese Hospital in San Francisco. 

This is the largest single commercial PACE transaction in the PACE industry history and is the first to combine both taxable and tax-exempt financing in the same transaction.  

Joe Euphrat

This C-PACE financing reduced the cost of financing seismic and other building improvements associated with a new patient tower.

This transaction will refinance outstanding debt associated with the new tower and by doing so, Chinese Hospital will realize respective cashflow savings of over $40 million during the next 10 years.

 “This transaction is of great benefit to Chinese Hospital. We thank GreenRock for structuring, leading and successfully closing this exciting and important transaction,” says Jian Zhang, Chief Executive Officer of Chinese Hospital.

“This transaction not only helped to finance efficient building improvements but also helped Chinese Hospital to improve its cashflow significantly, which of course is important to any hospital during this period of time.” 

 “Efficient building improvements and lower costs – a great win/win,” says Joe Euphrat, Managing Principal of GreenRock.

James Hamill

“GreenRock is both excited and proud that we were able to provide valuable assistance to Chinese Hospital, an important member of the San Francisco healthcare community.

 "I also want to thank Poppy Bank, Jones Hall, and the rest of the transaction team who all contributed to a successful closing.”

 “We are very happy that CSCDA’s OpenPACE program allowed Chinese Hospital to realize the structural and economic benefits associated with this transaction,” says James Hamill, Managing Director of the California Statewide Communities Development Authority (CSCDA).

 “This is the largest C-PACE transaction that we have ever done, and we are grateful to GreenRock for their support and expertise to marshall this complex transaction to a successful closing.”

 C-PACE is a financing mechanism that allows owners and developers of commercial and healthcare properties to access low-cost, long-term financing for efficient building improvements, including seismic and other resiliency measures. The financing is repaid through a property assessment payment paid through the term of financing.

 Contacts:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

For GreenRock, please contact either Joe Euphrat, jeuphrat@greenrockhc.com, or Chris Robbins, crobbins@greenrockhc.com, for more information.

Stream Realty Partners Locks In $10.5 Million Office Building Sale In Aliso Viejo, CA

 

 Morgan Adams

ALISO VIEJO, CA, Jan. 27, 2022 – Stream Realty Partners has just completed the largest office building sale in Aliso Viejo in the past 24 months.

 The national real estate services, development, and investment company represented Lone Cypress Realty, a Fort Worth, Texas-based real estate investment company, in the $10.5 million sale of VIEW at 101 Columbia adjacent to the San Joaquin Hills Corridor.

VIEW at 101 Columbia office building, Aliso Viejo, CA

Holt Integrated Circuits, an integrated circuits supplier for the aerospace industry, acquired the Class B, 38,154-square-foot building.

 

 It plans to use the ground floor for warehousing and the second floor for corporate offices.

 

 The property was renovated in 2020 with modern entry finishes and light fixtures as well as updated two-tone exterior paint.

 

The amenity-rich area boasts 721 restaurants, 531 retailers, and 6 gyms within a 5-mile radius.

Mike Adams

“Given the limited number of large lease transactions in the area, we suggested that Lone Cypress Realty put the building on the market for sale or lease to catch a wide net of prospects,”said Mike Adams, Managing Director of Stream Greater Los Angeles.

 

“During the marketing process, we dug into the market and presented three strong options either in the form of single user/long-term leases or purchase options. Lone Cypress ultimately chose the purchase option because it best fit their investment criteria.”

Steven Rawls

 

Adams and Morgan Adams, an Associate at Stream Greater L.A., represented Lone Cypress Realty in the transaction.

 

“We selected Stream because of their aggressive marketing approach and tenacity,” said Steven Rawls, founder of Lone Cypress Realty.

 

 “They have a solid reputation in Southern California and the South County submarket, and I knew they would make sure that 101 Columbia would get a look from every potential tenant. Stream surpassed all of our expectations.”

 

 

Contact:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 

 www.streamrealty.com.

Daytona Beach, FL Area Welcomes Third Location for Homebuilding Industry Supplier Blackton Inc.

Michael “Micky” Blackton

 HOLLY HILL, FL  --- The 2021 boom in Central Florida’s construction activity set off significant growth for Blackton, Inc., one of Central Florida ’s largest and most active suppliers of roofing and flooring materials to the homebuilding industry.

With a 30 percent increase in 2021 business volume over last year, CEO Michael “Micky” Blackton said his company will open a third distribution location in the Daytona Beach area at 1550 Pine Ave., Holly Hill, by the end of this month.

Blackton signed a long-term lease for a 12,000 square foot industrial building with a large outdoor paved yard for staging and loading material.  “We just completed fresh exterior paving and painting and remodeled the two-story interior office,” he said.

Less than three years ago Blackton opened a 15,000 square foot location near downtown Leesburg to serve The Villages and Gainesville area that required adding another 10,000 square feet last year as business flourished into adjacent counties.

Downtown, The Villages, FL

The new expansion will facilitate more prompt service to the firm’s current builder-customers with subdivisions in the Daytona, Palm Coast and Jacksonville areas, such as D.R. Horton and Maronda, Blackton explained.

“We’ll be taking on new builders and serving them along with our current builders with a faster turnaround time," he adds.”

The company currently employs 110 companywide, including a retail location in South Orlando and will initially operate the Holly Hill facility with a staff of 18.  

 

Headquartered at 1714 Alden Rd. near Ivanhoe Row north of downtown Orlando the family-owned operation has been supplying the homebuilding industry from Jacksonville to Tampa for more than six decades.

 

Contacts:

 

Michael “Micky” Blackton, Chairman, Blackton Inc. 

407-898-2661 Micky@Blacktoninc.com

 

Beth Payan, Larry Vershel Communications

 407-644-4142 or 407-461-3781

 beth@larryvershel.com

 

JLL arranges $265 million refinancing for master-planned beach resort in Southern California

 

Olga Walsh

SAN DIEGO, CA – JLL’s Capital Markets group has arranged a $265 million refinancing for a 387-key, master-planned beach resort in Oceanside in North County San Diego, California.

 

The resort includes the 161-key Mission Pacific boutique hotel and The Seabird Resort, a 226-key full-service resort.

Timothy Wright

JLL represented the borrower, S.D. Malkin Properties, to secure the floating-rate, interest-only loan through ACORE Capital.

The new loan will provide cost savings, term and flexibility for the sponsor.

 

“The financing is a great validation of the bespoke hotels that have been created and Oceanside’s rising ‘cool factor’,” said Jeremy Cohen, Senior Vice President of S.D. Malkin Properties.

 

“The Mission Pacific and The Seabird hotels are very high-quality assets in an up-and-coming market in Oceanside, California,” added Kyle Jeffers, Senior Managing Director and Co-Head of Originations at ACORE Capital.

 

“The S.D. Malkin Properties team is a world class sponsor, and we are honored to work with them and JLL on the financing.”

Jeremy D. Cohen

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Timothy Wright and Director Olga Walsh in coordination with the JLL Hotels & Hospitality team.

 

“We are very excited to have been a part of the capitalization on this iconic waterfront property, which is transforming North San Diego County and providing a valuable complement to the SoCal hospitality offering,” said Wright.

 

“The capital markets responded well to the opportunity to finance this prime asset for a strong sponsorship group, which resulted in a competitive marketing process and ultimately favorable terms for our client,” added Walsh.

 

Completed in May 2021, the adjacent world-class design-oriented hotels are located on a premier 2.75-acre, two-block site spanning 700 feet of beachfront real estate.

Kyle Jeffers

Operated by Hyatt, both hotels offer ocean views, direct beach access, an entire ecosystem of food and beverage experiences, interior meeting and function space, two pools with views of the Pacific, and access to some of the best surfing on the California coast.

 

The site also features the historic 1887 beach cottage featured in the Top Gun movie, which will open soon as a nostalgic dessert bar.

 

Mission Pacific and Seabird have easy access to the historic Oceanside Pier and downtown cultural attractions, such as the Oceanside Museum of Art and the California Surf Museum.

 

 They play an important role in continuing the transformation of downtown Oceanside into the iconic destination that it once was in the early 20^th century.

161 key Mission Pacific boutique hotel, Oceanside, CA 

The hotels are located four minutes from Interstate 5, connecting the properties with local and regional guests throughout San Diego, Orange, Riverside and Los Angeles counties.

 

Amtrak’s Surfliner and Metrolink with links to Los Angeles and Orange County are less than two blocks away.

The Seabird Resort, 226 key hotel, Oceanside, CA

The properties’ beach front location is a significant barrier-to-entry given strict zoning constraints and the lack of entitled and developable oceanfront land in Southern California.

 

The hotels are further bolstered by the strong lodging market fundamentals in San Diego.

 

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

 

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

 

Contact:

 

Cierra Lacasse

JLL Associate

Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com

 

www.acorecapital.com.

 jll.com.

KAI Design Hires Charles Hoffmann, AIA as Senior Project Architect in Texas Office

 

Charles Hoffmann

St. Louis, MO, Jan. 25, 2022 -- KAI Design is pleased to announce the hiring of Charles Hoffmann, AIA as Senior Project Architect at its Dallas-Fort Worth, Texas office.

 Hoffmann has more than 35 years of experience in design, production and construction administration.

 

Brad Simmons

“KAI is thrilled to have Chuck join our design team. He is a seasoned and experienced technical architect that really knows how to put a building together,” said KAI Managing Partner Brad Simmons, FAIA. 

 

“Chuck understands the art and science of architecture and how to successfully apply that expertise in a methodical, coordinated and design-focused manner that produces an outstanding end-product. His leadership style and approach to mentoring younger practitioners is outstanding.”

 

Hoffmann earned a Bachelor of Architecture from Kansas State University and is a registered architect in the State of Texas. He is also certified with the National Council of Architectural Registration Boards and is a registered Interior Designer in Texas.

 

When he isn’t working with clients, Hoffmann enjoys spending time with his wife Delma and son Carl. He is also an avid boxer and in 1979 was runner up for the Kansas City Missouri Golden Gloves title.

 

Contact:

 

Jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com

www.kai-db.com.

 

KBS Promotes Marc DeLuca to CEO

Marc DeLuca

 Chuck Schreiber

NEWPORT BEACH, CA, Jan.25, 2022 – KBS, one of the largest commercial real estate investors in the country, has announced several leadership promotions to usher in the company’s next phase of growth.

 The firm, founded in 1992 by Chuck Schreiber, Peter Bren, and Don Koll, has appointed a new CEO, CFO, and vice president/asset manager and has established an Executive Committee as it achieves in 2022 a milestone of 30 years in business. 

Marc DeLuca, who has been with KBS for eight years and serves as Eastern regional president of the firm, has been promoted to Chief Executive Officer of KBS. DeLuca has taken over strategic management of the company and will guide its direction and focus moving forward.

Peter Bren

“Marc is well respected in our industry and possesses decades of proven leadership and business experience,” says Schreiber. 

“He emulates the high levels of professionalism and business expertise which will complement his success as our new Chief Executive Officer.”

 Schreiber who has held the role of CEO for 23 years has taken on a new role for the company as president and chairman of KBS and will remain an active member of the company’s leadership team. 

Don Koll

Schreiber will utilize his new role to focus on the strategic vision and future of KBS.

 In addition, KBS has promoted Jeff Waldvogel to Chief Financial Officer of KBS, a newly created position. Waldvogel has been with the firm for 11 years and has over 19 years of financial and accounting experience in the real estate industry. 

Additionally, KBS has promoted Luke Hamagiwa to vice president/asset manager of the Eastern region. 

Since joining KBS in 2016, Hamagiwa has led the acquisition and disposition of more than 2.1 million square feet of assets with a transactional value of more than $421 million. 

He also oversaw the Midwest portfolio for KBS encompassing 3.7 million square feet across seven assets. Hamagiwa currently oversees a portfolio of eight Class A properties within the District of Columbia, Maryland, Virginia (DMV) and Philadelphia markets totaling over 1.6 million square feet.

 Luke Hamagiwa

As these leadership changes take place, KBS is celebrating its 30^th anniversary in business in 2022. 

Over the last thirty years, KBS has achieved over $44 billion in transactions and has acquired and managed a portfolio of superior properties located in some of the strongest growth markets in the country, according to DeLuca.

Jeff Waldvogel

“From the day KBS was founded 30 years ago, its leadership has challenged its employees and colleagues to maintain the highest ethical standards, both at work and in their personal lives. 

"Our reputation rests on the stringent values and commitment to these standards – standards we will not allow to be changed,” says DeLuca. 

“We will continue to be focused on preserving the high standards for which our culture is known.”

 

CONTACT:

Arleeny Escarcega

 aescarcega@thesmartagency.com

 www.kbs.com.