America’s Most Expensive Home For Sale at $295 Million – At 105,000 SF, the Mansion is Twice as Large as the White House

Bel Air, CA Mansion offers 21 Bedrooms and 49 Baths

 

BEL AIR, CA -- One of the world’s most expensive homes, appropriately named “The One,” has just hit the market at $295 million.

 

Marc Andreessen

Once projected to list for as much as $500 million, construction ran several years late causing severe financial issues for the developer.

Jeff Bezos 

If The One sells anywhere near the $295 million ask, it would be the most expensive home ever sold in California -- well over the $177 million that venture capitalist Marc Andreessen paid for his Malibu mansion in 2021 and the $165 million that Amazon CEO Jeff Bezos paid in 2020 for his Beverly Hills estate. 

Simone Cenedese

 Perched on a promontory with 360-degree panoramic views of the Pacific Ocean, downtown Los Angeles and the San Gabriel Mountains, the Bel Air uber mansion is surrounded on three sides by a moat and measures in at a mind-boggling 105,000 square feet - almost twice as big as the White House.

 

Jennifer Lawrence

Located on 3.8 acres, the house, which was actually raised during construction to further optimize the views, includes 21 bedrooms and 49 baths, says TopTenRealEstateDeals.com

Taylor Swift

Highlights of The One include five outdoor and indoor swimming pools with the moat encircling three quarters of the exterior, a massive nightclub, full-service beauty salon and wellness spa.

Miley Cyrus

Also: a 10,000-square-foot sky deck, 400-foot private outdoor running track with a glass-walled view of the city, and a private theater with seating for over 40.

Kylie Jenner

 In addition to ownership of one of the world's most spectacular homes, the property also includes butterfly artwork by Stephen Wilson, an Oto Murano chandelier by Vistosi, a rotating statue by Mike Fields, and a glass sculpture by Italian artist Simone Cenedese.

 Justin Bieber

There is also a two-story library/office with a balcony and water features touching three windowed walls, and parquet flooring. 

Liam Hemsworth

Add in a custom bar with a smoked-mirror backsplash and marble countertops, a cigar lounge, a four-lane bowling alley, and putting green.

Mike Fields

Also: a wellness center, gym, a 64-foot indoor pool with juice bar, tennis court, 10,000-bottle wine cellar, and a 30-plus car garage with two car-display turntables.

 Stephen Wilson

Entertaining in such unique luxury might draw some interesting Bel Air neighbors such as Jennifer Lawrence, who moved there last year, Justin Bieber, Taylor Swift, Liam Hemsworth, Miley Cyrus and Kylie Jenner to name just a few.

 Rayni Williams 

Bel Air is one point of the Platinum Triangle, which includes Beverly Hills and Holmby Hills, where so many stars call home. 

 Aaron Kirman 

 In addition to having illustrious neighbors, Bel Air is close to Rodeo Drive for shopping and UCLA.  Downtown Los Angeles and LAX are just a short drive.

 

The property is listed by Aaron Kirman of Compass, Beverly Hills and Branden and Rayni Williams of The Beverly Hills Estates, Beverly Hills, and will go to Concierge Auctions, which if not sold prior, will be held online on February 28th.

 

CONTACT:

 Genelle C. Brown

Content Manager

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

 

Photo credit:   Marc Angeles, Joe Bryant and Douglas Friedman
Sources:  TopTenRealEstateDeals.com and aaronkirman.com

 

DXD Capital Expands, Hiring Kevin Bledsoe as VP of Acquisitions and James Hamilton as VP of Development

 

Drew Dolan

ALBUQUERQUE, NM.—DXD Capital, a self-storage investor and developer, announces its expansion into acquisitions. 

Kevin Bledsoe, self storage veteran of nearly 20 years, has been hired as Vice President of Acquisitions.  

James Hamilton has been hired as Vice President of Development.

Kevin Bledsoe

Bledsoe will lead the team responsible for sourcing and selecting facilities for value-add acquisitions.  

He comes to DXD from a national commercial real estate brokerage firm where he served as first vice president, specializing in the sale of self storage properties. 

Hamilton will oversee the entitlement and pre-construction efforts for DXD’s self-storage pipeline across the Southeast.

Prior to joining DXD, Hamilton worked for national developer, Johnson Development Associates, Inc., based in South Carolina where he was responsible for the design, permitting and construction for over 1.2 million square feet of self-storage in Florida and the Northeast. 

James Hamilton

“After pursuing a ground-up development strategy for Fund I, DXD is expanding its acquisitions platform so that it is poised to take advantage of every opportunity that's sourced through our unique and proprietary process, regardless of where we are in the real estate cycle,” said Drew Dolan, DXD Capital Principal and Fund Manager.

“James and Kevin both have the track record to help us continue our growth.  Additionally, they are the perfect for our culture at DXD.”

Thus far, DXD has invested $12.8 million of the $53 million to develop ground up class A, climate-controlled self storage facilities and is under construction in Las Vegas and Phoenix. 

Fund I currently has twelve approved investments across many states including Arizona, Florida, Georgia, Nevada, New Jersey, New York,  Rhode Island and has purchased a land parcel in Kapolei, Honolulu, Hawaii for a joint venture with InSite Property Group. 

 It has additional pipeline projects located in Texas. 

 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.dxd.capital.

 

Ed Wilkes promoted to director, civil engineering in Ware Malcomb's Newark, NJ office

Edward (Ed) Wilkes 

 

 NEWARK, NJ – Ware Malcomb, an award-winning international design firm, announced

Ed Wilkes has been promoted to Director, Civil Engineering, in the company’s Newark office.

He will continue to lead the growth and management of civil engineering services for the firm’s Northeast market.

 Chris Strawn

 

“We are proud to promote Ed to Director; he’s a clear leader and mentor in the Northeast region,” said Chris Strawn, Principal at Ware Malcomb.

 “He’s created an awareness of our civil engineering capabilities in the market and established a strong client base. We look forward to his continued growth.”

 “Partnering with Ed on new business opportunities has strengthened our entire Northeast team,” said Edward Mayer II, Principal at Ware Malcomb.

Edward Mayer II

“Combining our region’s architectural and civil engineering expertise on numerous projects has helped us provide our clients with seamless, integrated services.”

 Wilkes joined Ware Malcomb in September 2019 to launch the firm’s civil engineering practice in the Northeast.

Wilkes holds a Bachelor of Science degree in Civil Engineering from The College of New Jersey, and a Master of Business Administration degree from Rutgers University.

 

CONTACTS:

 Rachel Reenders

VP Public Relations

 KCOMM for Ware Malcomb

rachel@kcomm.com

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

 Maureen Bissonnette, Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com

 

National Retail Properties Names Stephen A. (Steve) Horn Jr. to Board

 

 

 Stephen A. "Steve" Horn, Jr. 

 ORLANDO, FL /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, announced that Stephen A. "Steve" Horn, Jr. was appointed to the Board of Directors (the "Board"). 

 Currently Executive Vice President and Chief Operating Officer, Horn will assume the roles of Chief Executive Officer and President as of April 29, 2022.

 

Steven D. Cosler

"Steve's deep knowledge of the single tenant net lease competitive landscape, coupled with his strategic insights will bring great value to our Board as we continue to produce consistent, long-term value for shareholders," said Steven D. Cosler, Chairman.

 National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases.

 As of December 31, 2021, the company owned 3,223 properties in 48 states with a gross leasable area of approximately 32.8 million square feet and with a weighted average remaining lease term of 10.6 years.

 For more information on the company, please visit www.nnnreit.com.

 

EverWest Signs Full-Building Lease at Newly Acquired Chandler, AZ Industrial Asset

 

Serena Wedlich

 CHANDLER, AZ – Within months of its acquisition, EverWest Real Estate Investors has fully leased 800 E. Germann Road, a 113,110-square-foot, just-completed Class A industrial building in Chandler, Arizona, within metro Phoenix’s booming East Valley industrial market.

 Amr Ceran

The tenant, a sustainable technology company, will occupy the property later this year, taking advantage of modern project amenities including 30’ clear height, 3,000 amps of heavy power, generous docking positions and a large, secured yard space.

EverWest Managing Director of Asset Management Amr Ceran directed the transaction for EverWest in coordination with CBRE’s Andrew Brigham, Evan Koplan and Serena Wedlich.

“This building is indicative of the high-quality, highly desirable industrial asset class that EverWest is targeting – and continues to seek out – as we make a strategic re-entry into the Phoenix market,” said Ceran. “There is exponential user demand across the Valley and more on the horizon.”

 Andrew Brigham

“The location and features of this building generated significant interest from various companies, including 3PLs, food- and distribution-related companies, and high-tech and light manufacturing,” said Koplan.

According to CBRE, the Chandler Airport area currently sits at a mere 1 percent industrial vacancy rate.

The 800 E. Germann building is located within one mile of the Loop 202, with quick access to two full-diamond interchanges and a deep and educated labor pool.

EverWest continues to seek industrial acquisition opportunities in metro Phoenix and across key U.S. growth markets.

Evan Koplan

About EverWest Real Estate Investors LLC

EverWest Real Estate Investors (“EverWest”) is a real estate investment advisor providing investment management services throughout the U.S. including acquisitions, asset management, development and property management for our investors.

With $4.3 billion in assets under management, EverWest clients invest through separately managed accounts and commingled funds.

The firm is headquartered in Denver with regional investment offices in New York City, Charlotte, Los Angeles and San Francisco metro areas. 

EverWest is an affiliate of Sagard, a leading global alternative asset management platform within the Power Corporation of Canada ecosystem..

 

Contact:

 

Stacey Hershauer

focusAZ 

P 480.600.0195

www.focusaz.com

 

www.everwest.com

Peachtree Hotel Group's Greg Friedman Selected to Join the Real Estate Roundtable

 

Greg Friedman 

ATLANTA, GA and WASHINGTON, DC, Feb. 16, 2022 – Greg Friedman, Peachtree Hotel Group's managing principal, CEO and co-founder, was accepted into the Real Estate Roundtable, an invitation-only professional organization of commercial real estate leaders who share a commitment to shaping the industry's future.

 As a member, Friedman joins industry-leading peers of the nation's top publicly held and privately owned real estate ownership, development, lending and management firms with the leaders of major national real estate trade associations to address critical national policy issues relating to real estate and the overall economy.

 

"It is an honor to join the Real Estate Roundtable," Friedman said. "The opportunity to collaborate and provide a voice for the real estate community on national policy is invaluable as we emerge from the disruption from the pandemic."

 

About Peachtree Hotel Group

Peachtree is a real estate private equity investment firm investing primarily in hospitality. Since its founding in 2008, the company has completed hundreds of real estate investments valued at more than $6.0 billion in total market capitalization, and currently has $2.1 billion in equity under management. 

 

Contacts:

 

Charles Talbert

678-823-7683

ctalbert@peachtreehotelgroup.com

 www.peachtreehotelgroup.com.

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

JLL Capital Markets leads sales and financing efforts for First Avenue Plaza's two multi-tenant office towers in Denver's affluent Cherry Creek District

  

 First Avenue Plaza, a two-building
office complex totaling 264,000
 square feet in Denver, CO

DENVER, CO, Feb. 16, 2022 – JLL Capital Markets has closed the sale and arranged financing for First Avenue Plaza, a two-building office complex totaling 264,000 square feet in Denver, Colorado.

Hilary Barnett

JLL represented the seller, a fund managed by a subsidiary of Ares Management Corporation and procured the buyer, Granite Properties.

Mark Katz

In addition, JLL secured the five-year, floating-rate acquisition loan for Granite Properties through a national bank.

 

First Avenue Plaza is located at 44 Cook and 55 Madison in the heart of Denver’s Cherry Creek luxury lifestyle district.

 

The submarket has seen a surge of new office developments in the last five years and continues to attract new companies that are drawn to the immediate proximity to executive housing and the numerous retail, restaurant, hospitality and entertainment amenities that make this district a true live-work-play community.

Peter Merrion 

First Avenue Plaza also offers tremendous vehicular accessibility being adjacent to 1^st Ave. and close to I-25, which connects to Downtown Denver and Denver International Airport.

 

44 Cook contains 127,228 square feet of space that is 88% leased while 55 Madison offers 137,046 square feet of space that is 94% leased.

 

The two buildings share a 752-space parking garage and offer additional tenant amenities, including an outdoor plaza with fireplace and seating groups connecting the two buildings, a tenant amenity lounge, training room, shower and lockers as well as bike storage.

Eric Tupler

The JLL Capital Markets team representing the seller was led by Senior Managing Director Mark Katz, Managing Director Peter Merrion and Senior Director Hilary Barnett.

 

JLL’s Debt Advisory team representing the borrower included Senior Managing Directors Eric Tupler and Leon McBroom.

 

“Cherry Creek continues to be one of Denver’s most active markets,” Merrion said. “As a result, First Avenue Plaza saw tremendous demand from tenants and investors during the sales marketing process.”

 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

Leon McBroom

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.

 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

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

 

 

Contact:

 

 Kristen Murphy

Senior Manager

 Public Relations

 Investor Services

JLL

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

 

jll.com