JLL Capital Markets brokers $160 million construction financing for the 95-unit Caretta oceanside condominium development in Juno Beach, FL, JDL Corp.’s first project in Florida

 

Caretta, a 95-unit, luxury, boutique
condominium development located
in Juno Beach, FL

 MIAMI, FL – JLL Capital Markets has closed the $160 million construction financing for Caretta, a 95-unit, luxury, boutique condominium development located in Juno Beach, Florida.

 Matthew Lawton,

JLL worked on behalf of the borrower, JDL Development and Wanxiang America Real Estate Group, to secure the loan through Bsafal Inc.

 

The JLL Capital Markets Debt Advisory team was led by Executive Managing Director Matthew Lawton, Managing Director Brian Gaswirth, Associate Paul Adams and Analyst Shane Ciacci.

 

 "We are thrilled to collaborate with JDL, a highly regarded developer with an impressive portfolio of projects that have left an incredible mark on Chicago's skyline," said Gaswirth. "Their entry into the Juno Beach condo market presents a tremendous opportunity for them to create a similar legacy in South Florida."

 Brian Gaswirth

With an anticipated completion of 2025, Caretta will offer 95 expansive two-, three- and four-bedroom units, averaging 3,137 square feet.

 

Designed by Hartshorne Plunkard Architecture, Caretta will feature elegant finishes, 10-foot ceilings, European oak wood floors, quartzite countertops and large terraces, and select ground-floor units will offer private lawns and pools.

Additionally, eastern facing, upper floor units will have expansive ocean views given the low-rise nature of the properties to the east.

 

 Community amenities will include a rooftop deck with an infinity edge pool, a fitness center, a sauna, a catering kitchen, a card room, a wine storage room and lounges, in addition to a dog park, bike storage, a 24/7 concierge, dedicated beach service and more.

Paul Adams

The property will also feature ground-floor retailers and a restaurant, offering residents exceptional amenities to enjoy while creating an urban atmosphere.

 

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

 Shane Ciacci.

 

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:

 

Jenna Sharp

JLL, Public Relations

 Capital Markets

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com

 

jll.com.

 

 

Hold-Thyssen Completes New Multi-Year Lease Agreement for Relocation of Luxury Vacation Club’s Orlando Branch

Darby Hold 

WINTER PARK, FL -- Hold-Thyssen, Inc., a full-service commercial real estate services firm recently completed a multi-year lease agreement with Holidays Lounge, LLC  at 1031 W. Morse Blvd. in Winter Park.

 

The vacation and leisure lifestyle club leased a 1,686 square foot suite in the Class A office building to relocate its Orlando office.     

 

Senior Director, Darby Hold negotiated the agreement on behalf of Morse Boulevard Development Associates, LLC, landlord at the 47,852 square foot three-story office building that is currently 90 percent leased.

  

Rhonda Chesmore

Holidays Lounge provides its members with access to over 3,000 luxury resort destinations in more than 80 different countries.  Rhonda Chesmore of Kelly Price & Company represented the tenant in this transaction.

 

The 1031 W. Morse Blvd. building is also home to Seacoast Bank, Timber Resorts and Carr, Riggs and Ingram.

 

Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year-old firm’s current portfolio includes more than 100 commercial properties throughout the United States.

 

CONTACTS:

 

-Robert P. Hold

 Principal

 Hold-Thyssen, Inc.

407-691-0505

 bhold@HoldThyssen.com

 

Beth Payan

 Larry Vershel Communications Inc.

407-461-3781 

beth@larryvershel.com  

 

Hovr Releases First Annual 2024 State of Travel and Hospitality Buyer’s Journey

  

Jason Craparo

PHILADELPHIA, PA, March 13, 2024—Officials of Hovr, an online quality content provider that encourages greater guest engagement, today released the first annual “2024 State of Travel and Hospitality Buyer’s Journey.” 

 The in-depth report examines seven trends impacting travel purchasing decisions in 2024, as well as ways to further engage guests to increase the likelihood of bookings.

 “Consumer habits across the board changed in drastic ways in the years following the pandemic, and travel is no exception,” said Jason Craparo, CEO, Hovr.  “In an effort to help hotel marketers better connect with potential guests, we have compiled the first annual ‘State of Travel and Hospitality Buyer’s Journey.’ 

 

"Filled with facts and figures that can help hoteliers improve their bottom lines, we believe this information will prove vital for hotels looking to increase direct bookings.”

 

 

CONTACT:

 

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

www.gethovr.com.

 

 

Kevin Sheehan returns to JLL Capital Markets as Managing Director in the Los Angeles office

  

Kevin Sheehan

 LOS ANGELES, CA, March 13, 2024 –  JLL Capital Markets is pleased to announce the return of Kevin Sheehan as Managing Director in the Los Angeles office. In his new role, Sheehan will be responsible for institutional multi-housing investment sale advisory and equity placement within Greater Los Angeles.

Chelsea Jervis

Sheehan will be joining the market-leading Southern California multi-housing investment sales and advisory team led by Senior Managing Director Blake Rogers, also in the Los Angeles office.

The team also includes Managing Director Ryan Fitzpatrick and Directors Chelsea Jervis and CJ Angle in Orange County, as well as Managing Directors Alexandra Caniglia and Kip Malo in San Diego.

Prior to rejoining JLL, Sheehan was responsible for multi-housing investments in Southern California and nationally for a leading living developer.

Alexandra Caniglia

Throughout his impressive career, Sheehan has been involved in the disposition, acquisition and capitalization of approximately $3 billion of multi-housing transactions.

Ryan Fitzpatrick

"We could not be more excited to welcome Kevin back to JLL, and to our institutional multi-housing investment advisory team," said Blake Rogers, Senior Managing Director at JLL.

CJ Angle 

 "His experience on the principal side of the industry brings valuable insights and perspectives. His presence will greatly benefit our clients as we continue our relentless pursuit of providing best-in-class service." 

 

Kip Malo

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

Blake Rogers

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

 For more news, videos and research resources, please visit JLL’s newsroom. 

CONTACT:

Jenna Sharp

JLL, Public Relations

 Capital Markets

Dallas, TX

M +1 214 394 3356

Jenna.Sharp@jll.com

 

jll.com.  

 

 

JLL Capital Markets arranges $5 million refinancing for Phoenix retail center

  

Camelback East Shops, a 25,129-SF
 neighborhood retail center in Phoenix, AZ

DENVER, CO –  JLL Capital Markets has arranged a $5.3 million refinancing for Camelback East Shops, a 25,129-square-foot neighborhood retail center in Phoenix, Arizona.

 

Located on the southeast corner of 32nd St. and Camelback Rd., Camelback East Shops is leased to a diverse roster of tenants including popular local restaurants, Tarbell’s and First Watch, along with long-standing retailers like Van’s Golf Shops.

Allan Okabe

The MDC Realty Advisors team was led by one of its principals, Allan Okabe, who remarked, “32nd Street and Camelback has been a core, stable asset for MDC since we acquired it over 10 years ago. 

 

 "This high-profile corner within the Camelback Corridor of Phoenix, AZ provides our tenants with high-level exposure and instant recognition throughout the region.

Will Haass

"We are excited about the opportunity to upgrade and re-tenant this unique asset and wish to thank JLL for their efforts in completing this refinancing.”

 

The JLL Capital Markets team was led by Director Will Haass and Executive Managing Director Eric Tupler.

Eric Tupler

“MDC has had this gem of a retail asset in their portfolio for several years and done a phenomenal job positioning it in the submarket,” said Haass. “We look forward to their continued success bringing new concepts into the center and the greater community.” 

 

 

For more news, videos and research resources, please visit JLL’s newsroom. 

 

  

CONTACT:

Jenna Sharp

JLL, Public Relations

 Capital Markets

Dallas, TX

M +1 214 394 3356

Jenna.Sharp@jll.com

 

jll.com

www.mdcra.com

 

 

JLL Capital Markets handles $74.5 million sale of the 230,970-square-foot, Publix-anchored Key Plaza Shopping Center in Key West, FL

Kim Flores

MIAMI, FL – JLL Capital Markets announced  it was an advisor on the $74.5 million sale of Key Plaza Shopping Center, a 230,970-square-foot, Publix-anchored retail center located in Key West, Florida.

 

JLL advised the seller, and Publix Super Markets, Inc. acquired the asset.

The JLL Retail Capital Markets team that advised the seller was led by Executive Managing Director Manny DeZarraga, Senior Managing Director Danny Finkle, Senior Directors Eric Williams and Jorge Portela and Vice President Kim Flores.

Manny DeZarraga

Situated at 1107 Key Plaza, the property is known as a leading grocery-anchored power center within Key West. In addition to being anchored by Publix, tenants include OfficeMax, Dollar Tree and more. In addition, the property benefits from easy access to US1/North Roosevelt Boulevard.

  

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

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales 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.

 Danny Finkle

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

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. 

A Fortune 500^® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. 

Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

 

 

CONTACT:

Jenna Sharp

JLL, Public Relations

 Capital Markets

Dallas, TX

M +1 214 394 3356

Jenna.Sharp@jll.com

 

 jll.com.