JLL Capital Markets arranges refinancing for the 180-unit Flats at Lansdale in Lansdale, PA

Flats at Lansdale, a 180-unit, luxury
multi-housing community located
in Lansdale, PA

 

 CHICAGO, IL, Feb. 22, 2022 – JLL Capital Markets announced that it has arranged a refinancing for Flats at Lansdale, a 180-unit, luxury multi-housing community located in Lansdale, Pennsylvania.

 JLL worked on behalf of the borrower, a joint venture between White Oak Partners and HIMCO, to secure the five-year, fixed-rate loan with a two-year extension through Wells Fargo.

Medina Spiodic

 The JLL Capital Markets Debt Advisory Team representing the borrower was led by Senior Managing Director Jamie Leachman, Senior Director Paul Smith and Associate Medina Spiodic.

 “JLL is honored to have worked with White Oak Partners and HIMCO on the refinancing of Flats at Lansdale,” Smith said. 

Jamie Leachman

“The joint venture navigated an acquisition during the height of the pandemic and successfully completed a repositing of the asset.  

"Securing attractive long-term financing will help ensure that the residents of Lansdale will have a best-in-class housing option for years to come.”

 Located at 1001 Towamencin Ave., the property is situated immediately off the heavily traveled I-476 and offers a short drive to the Lansdale SEPTA Station.

Paul Smith

Built in 2014, the six-building, three-story Flats at Lansdale features units with an average size of 1,053 square feet, nine-foot ceilings, oversized windows, walk-in closets, private patios or balconies, full-size washers and dryers, stainless steel appliances and granite countertops.

 Contact: 

Jenna Sharp

JLL Associate

Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 www.whiteoakpartners.com

JLL Capital Markets closes sale of fully leased Felch Street Shopping Center in Holland, MI

 

Amy Sands

CHICAGO, IL, Feb. 21, 2022 – JLL Capital Markets has closed the sale of Felch Street Shopping Center, a 166,100-square-foot, fully leased destination retail center in the Grand Rapids community of Holland, Michigan.

 

JLL marketed the property on behalf of the seller. A private fund based in the Southeast purchased the asset.

Clinton Mitchell 

 Felch Street Shopping Center is 100 percent leased to a complementary lineup of national and regional tenants, including Barnes & Noble, Bed Bath and Beyond, Jo-Ann Fabrics, Old Navy, Jonathan Stevens Mattress, Party City, PetSmart, Shoe Carnival, T.J.Maxx and Ulta Beauty.

 

Additionally, the center is shadow anchored by a Lowe’s Home Improvement.

 

Positioned at 12635 Feltch St., the center is in Holland, a western Michigan community that attracts more than one million visitors each year and that Forbes named one of “America’s Prettiest Towns.”

 

Felch Street Shopping Center is at the highly visible location at the intersection of US Highway 31 and Riley Street in the heart of a dominant regional shopping corridor.

Michael Nieder

The center serves an extended trade area with nearly 40 percent of visitors traveling from more than 10 miles away.

 

The JLL Retail Capital Markets team representing the seller was led by Managing Directors Amy Sands and Clinton Mitchell and Director Michael Nieder, along with Managing Director Matthew Schoenfeldt. 

 

“We continue to see an influx of new capital targeting open-air retail in the Midwest due to the stability and attractive yield profile relative to other domestic regions,” Mitchell said.

 

 “JLL’s national platform was key in identifying a first-to-market investor who had not previously invested in the region”.

 

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

Matthew Schoenfeldt

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: 

Kimberly Steele

JLL Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 

 

Sands Companies Adds Two Key Team Members, John Reise and Michael Hensley, in South Carolina

 

John Reise

Myrtle Beach, SC – Sands Companies, a full-service, vertically integrated multifamily development and construction firm, welcomed two important new additions to its South Carolina-based team.

 The firm has more than 2,000 detached, horizontal cottage-style apartment homes under development throughout the Southeast U.S. 

Michael Hensley

John Reise joined Sands Companies as a project manager to lead the multitude of ongoing multifamily construction projects the company has in progress, as well as future projects.

Reise previously served as a project manager for many prominent homebuilding companies, such as D.R. Horton, Keller Homes and K. Hovnanian Homes, among others. 

Joe Morrison

Michael Hensley assumed the role of financial controller. Hensley has been a certified management accountant since 2000 and is an active member of the Institute of Management Accountants 

“We are thrilled to have John and Michael join our team,” said Sands President Joe Morrison. “Sands is growing at a tremendous pace from a development standpoint.

"With that, we need folks who are experienced, adept and have the spirit to make our shared goals possible – that is exactly what I see in these two individuals.” 

 CONTACT:

Mara Gordon

Sr. Account Executive 

Digital, BoardroomPR

mgordon@boardroompr.com

O 954-370-8999 

 

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

www.sandscompanies.com.  

KW PROPERTY MANAGEMENT & CONSULTING Expands Executive Team in Miami, FL and Palm Beach, FL With New Hires Carolina Serrano and Brad Baecht

Carolina Serrano 

Miami, FL and Palm Beach, FL, Feb. 21, 2022 – KW PROPERTY MANAGEMENT & CONSULTING, a premier residential property management company and one of Florida’s fastest-growing private companies overall, made significant additions to its team with the arrival of Carolina Serrano in Miami Dade County and Brad Baecht in Palm Beach County.

Brad Baecht

Serrano, a Colombian lawyer, began her career in hospitality at Trump International Sonesta Beach Resort in Sunny Isles Beach before joining the Four Seasons Hotel Miami as a residence manager and later rising to a regional director level.  

Baecht is a decorated veteran of the United States Marine Corps. He is certified as a Professional Community Association Manager (PCAM), Association Management Specialist (AMS) and Certified Manager of Community Associations (CMCA).

Baecht also is a Licensed Community Association Manager (LCAM).

Contacts: 

Eric Kalis

954-370-8999

ekalis@boardroompr.com

  

 Daniel Benjamin

Senior Account Executive

 BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

www.kwpmc.com.

 

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