NEWPORT BEACH, CA – January 7, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces $96.5 million in financing for the development of 100 Columbia, a 348-unit, Class A+ high-rise multi-housing community in the Portland CBD.

The HFF team worked on behalf of the developer, Alamo Manhattan, to secure the four-year construction loan through PCCP, LLC.  As previously announced, HFF also assisted Alamo Manhattan in securing joint venture equity for the project in a transaction closed in May 2018.

100 Columbia is located on a 0.92-acre site that spans the block bound by SW Clay Street, SW 1st Avenue, SW Columbia Street and SW 2nd Avenue.  The site, which has a WalkScore® of 93, will support what will be the nearest high-rise residential building to the Willamette River in the CBD.  The site is also one block from Tom McCall Waterfront Park to the east and Keller Auditorium to the west and is within three blocks of the CBD’s core job center that is home to more than two million square feet of high-rise office.

Due for completion in 2020, 100 Columbia will include a mix of studio, one- and two-bedroom ultra-luxury units averaging 817 square feet.  The 20-story development will feature premium interior finishes and community amenities, including an expansive 15,000-square-foot, sixth-floor amenity terrace and a 20th-floor rooftop resident lounge, which will open onto an observation deck offering unobstructed views of the downtown skyline, Mount Hood and the river.  The property will also include a 16th floor rooftop terrace.  In addition to the multi-housing component, 100 Columbia will incorporate nearly 15,000 square feet of ground-floor retail, which will provide immediate convenience for residents and office employees in the surrounding area.

The HFF debt placement team representing the developer included senior director Mark Erland and director Matt Benson along with director Charlie Watson.

MIAMI, FL – January 4, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announced today the $5.3 million sale of a 1.3-acre assisted living development site in http://downtowndoral.com/, a 250-acre mixed-use community in Doral, Florida.

Downtown Doral comprises approximately 70 shops and restaurants; a business district with almost one million square feet of Class A office space; 5,000 luxurious residential units, including 5350 Park condo tower and Canarias in The Residences at Downtown Doral; Downtown Doral Charter Elementary School, a top-rated bilingual charter elementary school; Downtown Doral Charter Upper School, which is currently under construction; Doral Government Center, a LEED-certified city hall; and public green spaces adorned with world-class art pieces.

“Downtown Doral is a transformative community in Doral,” said Jaret Turkell, managing director at HFF.  “This new ALF project will service a much-needed demand within the area and allow for multi-generational enjoyment within Downtown Doral.”

HFF represented the seller and master developer of Downtown Doral, Codina Partners, in the transaction to Goray Development Company.  The HFF investment advisory team representing Codina Partners included executive managing director Manuel de Zárraga, managing director Jaret Turkell, senior director Maurice Habif and associate Simon Banke.

“The assisted living component within Downtown Doral perfectly complements the independent living facility and the Baptist Health South Florida healthcare facility that are both under construction in Downtown Doral,” said Ana-Marie Codina Barlick, CEO of Codina Partners, master developer of Downtown Doral.  “I’d like to thank the HFF team for successfully facilitating this transaction that will further enhance the residential offering in our community.”

NEW YORK, NY – January 3, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces $32 million in financing for Caesura, a newly completed, 123-unit residential building with ground-floor retail in Brooklyn’s Cultural District.

The HFF team worked on behalf of the borrower, Jonathan Rose Companies, LLC, to place the 10-year, fixed-rate loan with Allegiant Real Estate Capital LP.  Loan proceeds were used to replace the existing construction loan.

Caesura comprises a mix of 74 market-rate and 49 affordable units within a twelve-floor building with 2,400 square feet of ground-floor retail located at the corner of Ashland Place and Lafayette Avenue.  Completed earlier this year, the property is ideally situated at the confluence of Fort Greene and Downtown Brooklyn, both of which are experiencing an increase of development.  Caesura, which is already more than 80 percent occupied, is directly across from the BAM Howard Gilman Opera House, a Whole Foods Market and the Apple Store.  The property is also within walking distance to 11 subway stops.  Caesura features environmentally conscious design elements to promote healthy living, resource conservation and energy efficiency, which meet or exceed LEED Gold standards.  In addition to in-home amenities such as walk-in closets, in-unit washers and dryers and kitchen islands, the elevator-serviced building also incorporates common area amenities, including a fitness center, community lounge, game room, double-height conservatory, roof garden and lending library.

The HFF team representing the borrower included managing director Steven Klein and senior director Geoff Goldstein.

“It was an absolute pleasure to work with the team at Jonathan Rose and Allegiant on this financing,” Goldstein said.  “Jonathan Rose consistently develops transformative and totally authentic real estate projects that capture the spirit of their locations and Caesura is no exception.  It was an honor to be part of their creative process.”

DENVER, CO – December 21, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $30.777 million in financing in two separate transactions for two Denver multi-housing communities; Estrella Apartments and The Avalon.

The HFF team worked on behalf of the borrower, Mountain View Capital, LLC, to secure the seven-year, floating-rate loans through Freddie Mac’s CME Program.  A $13.275 million loan was arranged for Estrella Apartments and a $17.502 million loan was placed on The Avalon.  Both securitized loans are refinancing existing Freddie Mac loans and will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans. The borrower refinanced with a float-to-float strategy to recapture some trapped equity created by the significant renovations conducted at each property while also allowing for continued loan flexibility and additional interest only amortization.

Estrella Apartments comprises 194 units located at 7050 Pecos Street.  The Avalon is located at 629-645 Wolff Street and consists of 235 units.  Both properties have been renovated within the last year, each at least receiving over $2MM in renovations. The roofs at each property have been replaced, both properties have had the exteriors repainted, grounds have been improved with extensive interior unit renovations as well.

The HFF debt placement team representing the borrower included managing director Josh Simon and director Kristian Lichtenfels.

WASHINGTON, D.C. – December 20, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $35 million in financing for the development of Tribeca, a 99-unit condominium development in Washington, D.C.’s NoMa submarket.

The HFF team worked exclusively on behalf of a partnership between Urban Investment Partners and United NYA to secure the floating-rate construction loan through a specialty finance company.

Tribeca, located at 39-41 New York Avenue NE, is one block from the NoMa-Gallaudet University Metro station and immediately accessible to Interstate 395 and U.S. Route 50 via New York Avenue.  The 13-story project will consist of a mix of one- and two-bedroom homes as well as three penthouses.  The for-sale residences will incorporate high-end design elements and will provide access to a complementary amenity package featuring rooftop co-working lounge space, a state-of-the-art fitness center and an expansive roof deck with designated green areas and sweeping views of the Capitol Building, the Capitol Hill neighborhood and the East End.  The project is due for completion in late 2020.

The HFF debt placement team representing the borrower included Jamie Leachman, Chris Hew, Daniel McIntyre, Jay Graham and Sue Carras.

“This development takes advantage of NoMa’s live-work-play amenities and superior connectivity to the D.C. metro that will attract buyers to a market experiencing an undersupply of for-sale residential units due to its explosive growth over the past eight years,” Leachman said.  “This was reflected through the marketing process, which yielded multiple competitive bids.  Ultimately, the winning lender provided the most compelling and flexible terms for the borrower with a seamless closing process in under 30 days.”

CHICAGO, IL – December 17, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $27.5 million in financing for Valley Lo Tower II, a 112-unit, mid-rise multi-housing community in the northern Chicago suburb of Glenview, Illinois.

The HFF team worked on behalf of The Marquette Companies and LEM Capital to secure the five-year, fixed-rate loan through Allstate Investments.  Loan proceeds were used to acquire and substantially upgrade the boutique property.

Valley Lo Tower II features large, family-friendly units, which average nearly 1,800 square feet, with amenities similar to single-family homes.  Located near Lehigh and Chestnut Avenues in the affluent Glenview community, the property combines a quiet residential setting with access to highly ranked public schools and walkability to The Glen Town Center.  Valley Lo offers a mix of 29 one-bedroom, 30 two-bedroom and 53 three-bedroom floor plans along with abundant parking in a heated garage.  Unit amenities include in-unit washers and dryers, large walk-in closets and spacious private balconies.  Community amenities currently include a 2,300-square-foot clubhouse, an outdoor swimming pool and tennis court.  Marquette’s renovation dedicates a significant portion of the budget toward making these amenities the finest in the submarket.

The HFF debt placement team representing the borrowers consisted of managing director Matthew Schoenfeldt.

“This property represents a unique opportunity to reposition a marquee asset in one of Chicago’s North Shore suburbs,” Schoenfeldt said.  “To longtime residents of the submarket, Marquette & LEM’s revitalization of Valley Lo is an absolute no-brainer.  Even if a land parcel could be secured in a similarly compelling location, the cost to construct a building of this quality inclusive of underground parking would be prohibitive.  The partnership truly has a diamond in the rough.”