Downtown Orlando Real Estate ‘Power Duo’ Sells and Leases Over 240,000 SF Valued at $41 Million in The Plaza During Covid-19 Lockdown

Downtown Orlando ’s twin office towers
on Orange Avenue at the corner
of Church Street

 ORLANDO, FL – Two brokers with Stirling International Real Estate sold and leased more than 240,000 square feet in The Plaza – downtown Orlando ’s twin office towers on Orange Avenue at the corner of Church St. – during the 18-month period when most of the nation and world was shut down in response to the pandemic.

 “Several large units were sold to international businesses and investors along with local businesses including some startups,” according to Roger Soderstrom, Jr. and John Kurtz, the Stirling team who orchestrated the transactions including the most recent sale of  the entire 16th floor penthouse office in The Plaza’s North Tower for $2,650,000.00. 

 

That Nov. 2 sale was for the north tower’s 10,891-square-foot contemporary penthouse unit and its accompanying 10,000-square-foot panoramic sky terrace / patio at 121 S. Orange Ave.  

From left: John Kurtz and Roger Soderstrom Jr.

Kurtz and Soderstrom represented the Seller ACM DT Properties, LLC, a Florida-based real estate firm.   The buyer is Orlando-based 121 S. Orange Ave. LLC based in.

“This extraordinary penthouse unit, with high-end custom appointments, spacious indoor and outdoor work spaces, and 360-degree views of Lake Eola and the Downtown Orlando area, is ideal for a regional or U.S. headquarters,” Soderstrom said, “and definitely an investor confidence booster.”  

   

Kurtz and Soderstrom said they aggressively sought investors who have been gradually pulling out of the stock market to buy commercial properties as a hedge against rapidly rising inflation.

Orlando downtown central business district

The Plaza, which is comprised of two office towers with approximately 400,000 square feet, a residential condominium tower, and a ground-floor retail area that includes a movie theater, was built in 2006 and 2007.

 

Soderstrom and Kurtz also were the selling agents for the 21^st floor penthouse in The Plaza’s South Tower a little over a year ago for $2,700,000, distinguishing them as very accomplished with sales in the Orlando area’s upscale office and penthouse market.

Lake Eola Park, downtown Orlando, FL

During the past 18 months, the Stirling team has sold 18 office condominiums in The Plaza, totaling more than 120,000 square feet with a sales volume of $27,000,000. 

 

At the same time, Soderstrom and Kurtz negotiated 21 offices leases for 92,000 square feet. Currently, Soderstrom said the company has more than 28,000 square feet under contract and pending in the two towers. 

 

CONTACTS:

 

John Kurtz, CCIM, Broker, Stirling International Real Estate, JKurtz@StirlingIRE.com (407) 250-1000

 

Roger Soderstrom Jr., Stirling International Real Estate, 

407-617-2830 or roger@stirlingint.com

 

Beth Payan, Larry Vershel Communications,

407-461-3781 or beth@larryvershel.com

 

 

 

She Has a Deal Launches SHaD Prosperity Fund I

Tracy Prigmore

 TYSONS CORNER, VA, Feb.1, 2022—Officials of She Has a Deal (SHaD), a real estate investment platform that creates pathways to hotel ownership and development for women, today announced the launch of a 10-city tour of U.S. cities to raise equity capital in support of the organization’s mission.

 “Launching SHaD Prosperity Fund I is the next logical step in the SHaD mission," said SHaD founder Tracy Prigmore.

 

"Now that we have created a powerful platform to expose more women to hotel ownership and educate them about the process, I want to ensure that capital is available for the women to close their hotel deals.”

 

The tour, which kicks off February 11 in Miami, Fla., will be open to small groups of qualified individual investors, as well as family offices, small entities and trusts. 

 

Details, dates and registration for all ten events can be found at www.shehasadeal.com/investmentdestination.

 

 CONTACT:

 Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 www.shehasadeal.com/shadpitch2022tickets. 

The Castell Project Releases Fifth Annual Women in Hospitality Industry Leadership Report

 Peggy Berg

ATLANTA, GA —Officials of Castell Project, Inc., a 501(c)3 nonprofit organization dedicated to accelerating the careers of women professionals in the hospitality industry, released the 2022 Women in Hospitality Industry Leadership report. 

 

 Now in its fifth year, the report details women’s progress in leadership positions within the hospitality industry.

 “As the hospitality industry rebuilds the jobs it has lost since the start of the pandemic, developing career opportunities for women and minorities is even more vital in the hotel sector,” said Peggy Berg, chair, Castell Project, Inc. 

 “This report tracks progress and we are seeing more women in senior executive roles, successfully advancing every aspect of their companies. 

 "There are more women on the podium, building their own careers and inspiring others.  There are more women owners, including women of color. 

 "Recognition of the value and importance of diverse leadership is now widespread, so we expect these trends to accelerate."

 

 

CONTACT:

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

www.CastellProject.org.

The Woodmont Co. Represents Firehouse Subs in Two Leases in Dallas/Fort Worth, TX Area

 

Kendall Graff 

DALLAS, TX– The Woodmont Company, a national real estate firm specializing in the development, management, leasing and sale of retail properties, announced that it has represented Firehouse Subs in the food chain’s continued expansion, securing two leases in the Dallas-Fort Worth area. 

 Firehouse Subs signed a 1,500-square-foot lease at Village at Cross Roads located at 11700 US Highway 380 in Cross Roads, Texas.  The landlord, Irish Tiger Investments LLC, was represented by Edge.

  The restaurant chain also signed a 1,200-square-foot lease at a retail center located at 106 East Ovilla Road in Red Oak, Texas. 

 

Grant Gary 

 The landlord, Annadon LLC, was represented by Gilbert Realty Group. Grant Gary and Kendall Graff of The Woodmont Company represented Firehouse Subs at both locations. 

 “Throughout the pandemic, we have seen continued expansion from new and existing restaurant and retail concepts,” said Graff.  “We are confident that the retail industry will continue to grow in 2022 as we see continued demand for retail space.”

 

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.woodmont.com.

Movie Set Estate in Sun Valley, Idaho Where Marilyn Monroe Starred In ‘Bus Stop’ Listed for Sale at $16 Million

Marilyn Monroe Starred in Hollywood
Prize-Winning 1956 'Bus Stop' Movie

 

SUN VALLLEY, IDAHO -- Blonde Bombshell Marilyn Monroe was one of Hollywood’s greatest sex symbols, still a beauty icon decades after her 1962 suicide.

 Her career as a top-billed star lasted just 10 years, but her films grossed over $200 million (equivalent to $2 billion today) and she took home the Golden Globe for Best Actress for her performance in Some Like it Hot.

Movie Set Estate in Sun Valley, Idaho
 Where Marilyn Monroe Starred
 In 1956 Prize-Winning
 ‘Bus Stop’ Movie 

She was known for playing “dumb blondes” for comedic effect, but the woman behind the character was a far more nuanced individual, according to TopTenRealEstateDeals.com.

 

In 1956’s Bus Stop, directed by Pulitzer Prize-winner Joshua Logan, Monroe got her first chance to step outside the stereotype with a dramatic role. She studied at The Actor’s Studio to prepare for the film, which became both a critical and commercial success. 

Joshua Logan

A sprawling Idaho estate that served as one of Bus Stop’s main locations has now been listed for sale at $15.99 Million.

  Located in Sun Valley, Idaho, the twelve-acre property includes the main house, a guest house, and a barn set up for entertaining.

Lucille Ball

It is the guesthouse that once played host to Marilyn Monroe, portrayed as “Grace’s Diner” as well as the location for several other films.

Ernest Hemmingway 

The 2000-square-foot guesthouse features two beds, two-and-a-half baths, and lots of old Hollywood history. 

The nearby “party barn” is a 3000-square-foot event space that features a magnificent dormitory, a fully fitted kitchen, a living area, one-and-a-half baths, a terrace, a conservatory, and several heated garages.

Gary Cooper

 

The main house is a beautifully designed 6000-square-foot modern craftsman with five bedrooms, five and a half bathrooms, a study, and a spacious open floor plan that connects the living and dining areas.

Clark Gable

The home’s two levels and prominent windows showcase the spectacular mountain views. The home features warm mahogany wood accents and multiple stone fireplaces, a three-car garage, an outdoor hot tub, a huge fire pit, and several terraces with water features.

Errol Flynn

Breathtaking views of Bald Mountain, as well as the Smokey and Boulder Mountains, are visible from all three of the estate’s units.

Demi Moore

An artificial lake complete’s the property’s serene look and feel. Private and secluded, the estate is located far from the hustle and bustle of the city but close to the famous ski slopes of Sun Valley. 

 Tom Hanks

Sun Valley, Idaho is a resort town best known for its alpine ski area at Bald Mountain. The challenging slopes, substantial vertical drop, and lack of wind make “Baldy” one of the world’s best ski mountains, while nearby Dollar Mountain provides gentler slopes for novices and was the site of the world’s first chair lift.

Arnold Schwarzenegger

The region has been a seasonal haven for celebrities since the days of Hollywood’s Golden Age, hosting Ernest Hemmingway (who wrote For Whom the Bells Tolls while staying at the Sun Valley Lodge), Gary Cooper, Clark Gable, Errol Flynn, Lucille Ball, and, of course, Marilyn Monroe.

Bruce Willis

It continues to draw notables to this day, with Arnold Schwarzenegger, Bruce Willis, Ashton Kutcher, Clint Eastwood, Demi Moore, and Tom Hanks owning vacation homes in the area.

Clint Eastwood

The listing is held by Engel & Völkers Sun Valley in Ketchum, Idaho. 

Ashton Kutcher

 

 CONTACT:

Genelle C. Brown

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

 Source:  TopTenRealEstateDeals.com  

Video:  https://youtu.be/hDwl1pkXj90
Video Credit:  Sean Evans, @evvo1991 https://www.backtothemovies.com/ 

 Photo Credit: Engel & Völkers Sun Valley

Source: sunvalley.evrealestate.com

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.