Wednesday, November 25, 2015

Publix bags Cooper City shopping center for $13M

The Pine Lake Plaza in Cooper City and Publix CEO Ed Crenshaw


Publix is on a South Florida shopping spree: it paid Federal Realty $53 million for a Wellington shopping strip last week, and now the supermarket chain has purchased a Cooper City retail plaza for $12.5 million.
The Pine Lake Plaza has two buildings with 115,306 square feet of space and is located at 10000 West Griffin Road. It was built in 1982 and is anchored by a Publix supermarket. Other tenants include a Dollar Tree, Subway and MetroPCS.
Barbara Williamson sold the property. She’s the daughter of the late Robert T. Williamson, a real estate mogul who built his wealth buying and selling gas stations. According to his obituary in the Sun Sentinel, Williamson sold his entire portfolio for $10 million in the 1950s and retired to Florida. Not too long into retirement, he returned to buying and supplying gas stations.
Barbara took control of the entity that owns Pine Lake Plaza soon after he died in 2007, according to Broward County records.
This is the latest sale in Publix’s campaign to invest $1.3 billion in real estate, renovations and technology by the end of 2015. Last week, the supermarket chain paid a whopping $53 million to the Federal Realty Investment Trust for another Publix-anchored shopping center in Wellington.

Alex Blavatnik buys at Faena House for $11.6M

Renderings of Faena House

A company managed by Alex Blavatnik, brother of billionaire Len Blavatnik, dropped $11.55 million on fifth-floor unit at Faena House, Miami-Dade County records show.

Alex Blavatnik is executive vice president of Access Industries, the conglomerate that controls Warner Music Group. He’s listed as the manager on the LLC that purchased unit 5A this week, a 4,730-square-foot residence. Len Blavatnik, who is worth $21.3 billion, founded Access and is Alan Faena’s business partner on the exclusive 18-story tower in Miami Beach. 

Alex Blavatnik‘s unit has least four bedrooms and six bathrooms. It also features a 1,516-square-foot terrace, according to marketing materials. 

Buyers at the elite Mid-Miami Beach tower include billionaire Ken Griffin, who paid $60 million for two penthouse units; British billionaire Alan Howard, who paid $14.5 million for unit 4A; and Goldman Sachs Chairman and CEO Lloyd Blankfein, who paid $9.5 million for unit 8A. 

Griffin’s purchase set a new record for condos in Miami-Dade County, and even beat the record price for a single-family home that previously belonged to the $47 million home at 3 Indian Creek Island Road.

In October, a third Faena penthouse closed for $29 million. 

Faena House marks the first of four planned oceanfront condo towers in the ultra-luxury project, which stretches from 3200 to 3500 Collins Avenue. The 42-unit, 18-story tower was designed by Foster + Partners.

Tags: alex blavatnik, Faena House, Len Blavatnik 



Perla Machaen 
#1 en ventas
de Bienes Raíces
Cervera Real Estate
444 Brickell Ave 
Suite 760 
Miami, FL 33131
Cell Miami: 786.709.5131
Miami Office: 954.302.2865
Mexico: (55) 8525. 6487
Monterrey : (81) 4160.0300
Guadalajara : (33) 4160.0721
Email : pearlmakermx@yahoo.com

Friday, November 20, 2015

Inside 2250 Vallejo, SF's Most Expensive House On the Market

Vallejo_2250_01.jpg

Photos by Vince Valdes and provided for initial marketing purposes only. After the sale, rights revert to the agents
When Neal Ward says there's nothing like the mansion at 2250 Vallejo St., you have to assume he knows what he's talking about. After all, this is the super agent who sold Belvedere's much vaunted Locksley Hall for a cool (and record-breaking) $47.5 million. Now he and Malin Giddings are jointly listing this house for $28 million, making it the most expensive house on the market. To illustrate his point, he has us sit down in the living room upon entering the 9,052-square-foot manse. From a seated position, you can look straight out to the San Francisco Bay and the Marin Headlands, thanks to a steep downslope in back, a new open plan, and the gigantic windows that line the rear exterior. "There aren't many places you can do this," he says. "This is a very unique, very special property."
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The house has an interesting backstory. It was created by local architect James Francis Dunn for James Madison, a man who made a fortune in the packing industry with the Alaska Salmon Company. His legacy lives on more than a century later in the ornate ironwork on the front of the house where a script "M" is part of the design. Another reported resident of note is the 31st mayor of San Francisco, Angelo Joseph Rossi. Rossi was the first mayor of a U.S. city whose parents were Italian immigrants. During World War II, the home was transformed into an apartment building to house wounded soldiers. Ward says it remained an apartment building up until a few years ago, when it was purchased by a family who intended to renovate it for themselves. Their living plans changed, but the remodel continued.
According to Ward, the home's interior had suffered after spending more than 50 years as an apartment building. As the marketing statement delicately puts it, "there wasn't much left" inside. The current owners hired Los Angeles-based Paul McClean of McClean Design to make the old place a family home. (McClean is having something of a moment, and his most recent SoCal project was sold to Calvin Klein.) When construction began in 2013, it was decided thatthe exterior would be preserved and restored and the interior would be modern. That means that all of the hand-carved, wedding-cake-like adornments on the outside were painstakingly brought back to a pristine condition. In some cases, elements were broken or missing, and casts were made of the intact pieces in order to exactingly recreate the molding.
Inside, the house begins a new chapter. We'll start at the bottom, where workers removed about 20 feet of soil to pour a concrete-and-steel foundation. According to the agents, "this home has been constructed with some of the structural requirements of brand-new, high-rise buildings."
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That's nice to know, but it's what you can see that is jaw dropping. In the most basic terms, the home has been redesigned with an eye to enjoying the view and modern living. When Mr. Madison lived in this house, he likely dined on his salmon from a formal dining room at the back of it. Today, the main level of the home is organized this way: a combined family room and kitchen are at the rear of the house with a front seat to the view, a dining room is in the middle of the layout, and the formal living room is at the front (Vallejo Street side) of the manse. Large openings are between each room, which is what allows visitors to see the water from the sofa.
Vallejo_2250_20.jpg
A dramatic, elliptical spiral staircase with glass rails is on the east side of the house, so as not to take up space. You can climb this feat of engineering to the top, or just take the elevator.
Vallejo_2250_12.jpg
Upstairs, the master bedroom is also placed to take advantage of views of the water, the Golden Gate Bridge, Alcatraz, Angel Island, and the hills across the bay in Marin. Ward stressed the ability to see it all while seated in the living room. To us, waking up to the sight of the Golden Gate Bridge that's thisclose is pretty spectacular. If you want to get even nearer, roll aside the floor-to-ceiling glass doors and step out on the balcony
Vallejo_2250_21.jpg
Throughout, the background is white from the walls to the generous marble appointments. There's a notable exception on the upper floor in the study. Back when the house was built in 1901, it isn't much of a stretch to think that it would have included a library and study paneled in dark wood. Perhaps that is what McClean had in mind when he designed a modern study that's completely lined in walnut-hued wood. The room has a sitting room by the view and walls lined with shelves. In the back of the space, there's conference area with a wet bar (that last feature is probably for the sitting area, but it could certainly help take the edge off a meeting).
Vallejo_2250_29.jpg
The topmost floor is the spa level. Here, there's a steam room on inside, but outside is the crown jewel: an infinity-edge plunge pool that is a watery seat to what is surely one of the best views in the city.
By the numbers, there are five levels, five bedroom suites, three powder rooms, a three-car garage, two guest bedrooms, and one lower level media-recreation room that leads out to a lawn. However, the question is: Can real estate pros make lightening strike twice with a record-breaking sale? Time will tell.




Perla Machaen 
#1 en ventas
de Bienes Raíces
Cervera Real Estate
444 Brickell Ave 
Suite 760 
Miami, FL 33131
Cell Miami: 786.709.5131
Miami Office: 954.302.2865
Mexico: (55) 8525. 6487
Monterrey : (81) 4160.0300
Guadalajara : (33) 4160.0721
Email : pearlmakermx@yahoo.com