JLL expands retail brokerage team in Southern California

 

 Ryan Hawley

LOS ANGELES, CA, Oct. 29, 2024 – With continued growth of the retail industry, JLL announced today that it has expanded its Southern California retail brokerage business. The firm has hired 15-year Los Angeles retail real estate veteran Ryan Hawley as Vice President.

 With his previous experience working inhouse for two prominent retail developers, Hawley will specialize in working with property owners on their real estate needs with a focus on lifestyle, mixed-use, urban high-street and luxury properties throughout Southern California.

Devin Klein 

He joins JLL Los Angeles high street industry veterans Devin Klein and Matthew Fainchtein.

 

With the addition of Hawley, JLL now oversees leasing of more than 20 million square feet of retail properties in Southern California. 

 

Matthew Fainchtein

“The retail industry continues to evolve, putting pressure on landlords to adapt and be creative with their real estate in order to attract tenants," said Chris Wilson, JLL National Agency Retail Lead and Executive Vice President. "Ryan is the perfect person to join our landlord leasing team in Southern California with his years of experience working for two of the region’s most successful retail landlords.”

Wilson went on to say, “JLL will continue to strategically grow our retail brokerage in key markets like LA in order to adapt to the changing market."

 

Hawley joins JLL with more than 15 years of experience in the retail real estate industry. 

Chris Wilson

Most recently, he worked at Cypress Equity Investments where he oversaw retail leasing and asset management across the country. 

 

Previously Hawley spent 12 years at Caruso, overseeing three high profile properties encompassing one million square feet. He is active member of ICSC and is a graduate of the University of Notre Dame.

 

 

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"

JLL completes $45 million sale of HarborChase of Wilmington, a 96-unit Class A seniors housing community in Wilmington, DE

  

Caroline McClelland

 BOSTON, MA –  JLL Capital Markets has completed the $45 million sale of HarborChase of Wilmington, a luxury 96-unit assisted living and memory care community in Wilmington, Delaware.

 

 JLL represented the seller, a private equity firm, in the transaction. Harbor Retirement Associates will continue to manage the community for the buyer, a publicly traded REIT.

Blaise
Fletcher

The JLL Senior Housing Capital Markets team was led by Senior Managing Directors Jay Wagner, Rick Swartz, Aaron Rosenzweig, Director Sam Dylag, Analysts Sean Kirk and Caroline McClelland. JLL Managing Director Blaise Fletcher also supported the sales team.

Originally constructed in 2018, HarborChase of Wilmington is the one of the newest seniors housing communities in the entire state of Delaware and is the newest community in its primary market by a substantial margin.

 

Jay Wagner

Located at 2004 Shipley Rd., HarborChase of Wilmington offers 64 assisted living units in one- and two-bedroom layouts and 32 memory care units. The units feature luxury finishes and are some of the largest units in the market.

 

HarborChase of Wilmington achieves market-leading rents and occupancy and is 100% private pay. It has a strong reputation in the market due to its leading hospitality program, high-quality food and beverage options, plus leading activities for residents all on top of its leading physical offerings.

Rick Swartz

There is an abundance of amenities, including three beautiful dining rooms plus the private dining area, a fitness and yoga studio, and outdoor fountains, patios, courtyards and walking trails.

 

The excellent commutability and amenities on the border of Wilmington’s more affluent residential neighborhoods provide the property with excellent visibility in the market and top-of-mind presence.

 

Aaron
 Rosenzweig

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.

Sam Dylag

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.

  

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.

 Sean Kirk

 A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 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.

HarborChase of Wilmington, a luxury 96-unit assisted
 living and memory care community in Wilmington, DE

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

 

 

Contact:

 

Kristen Murphy

Director, Public Relations

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

617-543-4873

 

Keyes/Illustrated Luxury Report: Miami-Dade County’s High-End Single-Family Sector Shines in Q3 2024

 Christina Pappas

MIAMI and PALM BEACH, FL, Oct. 28, 2024 – South Florida’s luxury residential market remained steady - despite the typical summer slowdown - during the third quarter of 2024, according to The Keyes Company and Illustrated Properties’ new Luxury Report. Miami-Dade County’s high-end single-family sector stood out among the territories covered in the report.

Across Miami-Dade, Broward, Palm Beach counties, the Treasure Coast and Southwest Florida, luxury single-family sales declined from 2,505 in the third quarter of 2023 to 2,429 in the third quarter of 2024 – a 3% decrease. The region’s condo sector had a 7.2% drop in luxury transactions, from 890 to 826. High-end condo sales that closed during the quarter did so at a slightly lower price per square foot than a year ago, as the region recorded a 2% year-over-year drop to $963.

“South Florida continues to benefit from the relocation of high-net-worth individuals, which helped lead to four consecutive quarters of growth,” Keyes President

Christina Pappas said. “While all streaks end at some point, numerous cities and property types maintained upward trends during the third quarter.”

Miami-Dade County’s high-end single-family sales jumped 9.8% from the third quarter of 2023 to 673 in the third quarter. The average luxury single-family price per square foot also increased year-over-year, with a 7.5% climb to $824 per square foot.

Palm Beach County stayed flat with luxury single-family sales (777 $1 million-and-up transactions) and posted modest year-over-year gains (3.8%) in high-end condo transactions. Broward County’s luxury market had a sluggish third quarter, with declines in both single-family (3.2%) and condominium (16.7%) transactions.

Mike Pappas 

Other notable findings in the third quarter luxury report include:

• The Treasure Coast’s luxury single-family (17.8%) and condominium sales (7.9%) both declined year-over-year in the third quarter.
•  
• Southwest Florida was a mixed bag in the third quarter, as the region’s high-end single-family sector recorded a 21.9% year-over-year drop in sales to 374, while its luxury condo market enjoyed a 4.7% year-over-year jump in $1 million-and-up transactions to 157.
•  
• Miami-Dade County’s average luxury single-family price per square foot rose 9.8% year-over-year to $854. The county’s average high-end condo price per square foot jumped 10.6% to $1,166.
• Coral Gables had the largest year-over-year gain (61.3%) in luxury single-family transactions for Miami-Dade County, followed by Key Biscayne (62.5%), Brickell (40%) and Coconut Grove (18.2%). Miami Beach (23.1%) and Pinecrest (23.1%) had significant year-over-year declines in high-end single-family sales.
•  
• Palm Beach County’s biggest year-over-year gainers in luxury single-family sales include Palm Beach Island (80%), West Palm Beach (67.4%) and Juno Beach (20%). Singer Island experienced a whopping 231.3% year-over-year uptick in high-end condo transactions, while the 25% year-over-year jump in Boca Raton/Delray Beach was the main driver for the countywide increase.

“South Florida’s luxury market is healthy and consistent with the seasonal buying and selling patterns we saw before the pandemic-era boom,” Keyes/Illustrated CEO Mike Pappas said. “We expect to see activity pick up considerably once the election is in the rear view, whether that occurs immediately after or at the outset of the new year.”

Contacts:

 

Eric Kalis and Daniel Benjamin,

BoardroomPR

ekalis@boardroompr.com or

 dbenjamin@boardroompr.com

954-370-8999

 

Kristi House and M.U.J.E.R. Secure Historic Property in Homestead, FL for $5 million to Establish Permanent Service Center for Women, Children, and Families

Amanda G. Altman

MIAMI, FL — (October 22, 2024) – Kristi House, Miami-Dade County's only nationally accredited Children’s Advocacy Center, and MUJER, a one-stop domestic violence and sexual assault center, have closed on the purchase of a historic landmark property in downtown Homestead for $5.1 million.

 

The facility, located at 240 & 250 N. Krome Avenue, will be co-owned and operated by both organizations, serving as a permanent, shared service center dedicated to trauma-informed care and support for underserved communities in deep South Dade. 

 

The 31,514-square-foot property consists of two connected buildings with office and classroom space, along with two parking lots on a two-acre site. The signature building is a 6,500-square-foot church building, “The Sanctuary,” designated as a historic landmark in the City of Homestead.

 

The campus will undergo transformation into The Healing Sanctuary, a collaborative center offering crucial resources for victims of abuse, trauma, and violence. Its strategic location in the heart of Homestead’s bustling civic and commercial district makes it an ideal site for Kristi House and MUJER to significantly expand their reach and impact. 

 

“This center will stand as a much-needed beacon of hope and healing for women, children, and families in our area,” said Amanda G. Altman, CEO of Kristi House. “This partnership marks a significant step toward achieving our vision of a permanent, safe sanctuary. By co-owning this space, we are investing in the future of our community and ensuring lasting stability for the life-changing services we provide.” 

 

The acquisition was kick-started by a $500,000 grant from The Miami Foundation’s Collective Real Estate Ownership (CREO) initiative, which promotes nonprofit ownership of property to create stability and sustainability in historically underinvested communities.

 

The Frederick A. DeLuca Foundation also provided a loan to further support the purchase. The transaction was facilitated by Nancy Garcia from The Keyes Company. 

 

The only remaining tenant from the previous owner, Atala Montessori School for Creative Expression, will operate through the 2024-2025 school year and vacate the property afterward. The newly acquired property will house both Kristi House and MUJER, with plans to bring in additional tenants offering services for children and families. Leasing opportunities will be available in 2025, ensuring the facility continues to grow as a community resource and center for healing.  

 

###

About Kristi House 

Founded in 1995, Kristi House is a private, not-for-profit 501(c)(3) organization and Miami-Dade County’s only nationally accredited Child Advocacy Center. Kristi House provides coordinated legal, medical, and social services to child victims of abuse and their families, while working with seven partner agencies to hold perpetrators accountable.

 

Recognized for its evidence-based therapeutic expertise, Kristi House has helped more than 28,200 children and their families recover from trauma. Services are provided at no cost and include a full continuum of care, including therapy and counseling crucial for healing. For more information or to explore volunteer and donation opportunities, visit www.kristihouse.org.

 

About M.U.J.E.R. 

M.U.J.E.R. Inc. (Mujeres Unidas en Justicia, Educación, y Reforma or Women United in Justice, Education, and Reform) is a nonprofit, community-based social service organization in Homestead, FL, dedicated to serving victims of domestic violence and sexual assault.

 

Recognized as a leading one-stop center for these critical services, MUJER has become known for its culturally sensitive, trauma-informed care for the predominantly Hispanic, low-income residents of South Miami-Dade County. Established as an independent 501(c)(3) in 1994, MUJER was the first agency to address family violence within Latino communities and continues to be a vital resource for families in need. For more information, visit www.mujerfla.org.  

 

 

CONTACT

 

Angelic Bringas
Account Executive
abringas@boardroompr.com
C 786-202-5773
O 954-370-8999
Web | Facebook | Instagram | LinkedIn

 

 

 

$63 million financing secured by JLL Capital Markets for 704,000 SF industrial portfolio within Chicago, IL MSA

 

 Tara Hagerty

CHICAGO, IL, Oct. 25, 2024 –  JLL Capital Markets has secured the $63 million financing for the Chicagoland Industrial Portfolio, consisting of five Class A industrial buildings in the Chicago, Illinois MSA.

 

JLL worked on behalf of the owner, Stream Realty Partners, to secure the fixed-rate, five-year loan.

The JLL Debt Advisory team was led by Senior Managing Director Colby Mueck, Senior Director Brian Walsh and Associate Tara Hagerty.

 Colby Mueck

The portfolio comprises the following properties: Asbury Drive, a 157,500-square-foot building located at 850 Asbury Drive in Buffalo Grove in the Lake County submarket; Rockwell Logistics Center, a 174,262-square-foot building located at 2545 W. 24th Street in Chicago in the City South submarket; Mokena Logistics I and II, 268,226 square feet across two buildings located at 8965 and 8905 W. 187th Street in Mokena in the Joliet submarket; and Halsted Pershing Business Center, a 104,008-square-foot building located at 815 W. Pershing Avenue in the Stockyards submarket.

 

Brian Walsh

These premier distribution and warehouse facilities total 703,996 square feet, featuring suites ranging from 25,100 to 174,262 square feet with an average clear height of 32 feet. The portfolio serves 10 diverse tenants spanning industries such as IT, electronics manufacturing, healthcare, construction, food distribution and government agencies.

 

            Chicago industrial portfolio

Located in infill distribution sites or near key transportation networks within the Chicagoland MSA, the properties are situated in densely populated areas with extensive infrastructure and strong labor markets, enabling local and regional customer access.

 

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

 

CONTACT

 Grace Lewis

PR, Capital Markets

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

 

www.streamrealty.com