Monday, February 21, 2011

HFF arranges $9.99 million refinancing for fully-leased San Jose, CA industrial facility

SAN FRANCISCO, CA – The San Francisco office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $9.99 million refinancing for 940 Remillard Court, a 166,600-square-foot, fully-leased industrial/warehouse facility in San Jose, California.

Working exclusively on behalf of Remillard Court Holdings, LLC, HFF managing director Peter Smyslowski (top right photo) and director Kevin Redford (lower left photo) placed the 5.98 percent fixed-rate loan with Wells Fargo Bank.  The loan has a 10-year term and 30-year amortization schedule.  Loan proceeds are retiring a maturing loan on the property.

Situated on 7.6 acres in South San Jose, 940 Remillard Court is close to Interstates 101 and 280, the San Jose International Airport and downtown San Jose. 

Originally built in 1976, the property was fully renovated in 2000 and 2008, and is 100 percent occupied by tenants including Air Systems, Inc. and Legacy Transportation Services.

Remillard Court Holdings, LLC is an affiliate of Nearon Enterprises, a privately-held real estate investment company headquartered in Danville, California.

Peter Smyslowski, HFF Managing Director, (415) 276-6300,
 Kevin Redford, HFF Director, (415) 276-6300,
 Kristen Murphy,  HFF Associate Director, Marketing, (713) 852-3500,                          

Marcus & Millichap Names Hamid Panahi Sales Manager of Los Angeles Office

 LOS ANGELES, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Hamid Panahi (top right photo) as sales manager of the Los Angeles office, according to Stephen Stein (lower left photo), regional manager of the office.

 “Hamid has extensive experience in commercial real estate as an investment specialist,” says Stein. “He will be an asset to our brokerage team, and instrumental in expanding our national market-making capabilities to clients throughout Southern California.”

Panahi began his career with Marcus & Millichap in January 2004 as a sales intern in the Phoenix office. He transferred to the Tucson office in 2005 and became a senior associate in 2008.

Panahi graduated from Arizona State University with a Bachelor of Science degree.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

Woolpert Celebrates 100 Years of Growth

ORLANDO, FL, Feb. 21, 2011-- In 2011, Woolpert is celebrating a major milestone: its 100th year in business. Established in 1911 as a surveying company, Woolpert has grown over the past 100 years to a fully integrated, multidisciplinary firm with more than 650 employees in 23 offices across the US.

(Company founder Ralph Woolpert top right photo)

“Not only have we been able to grow consistently throughout our 100-year history, we’ve been able to diversify our services and markets to remain a leader in the industry and sustain our business despite economic challenges,” said Mike Flannery (middle left photo), president and CEO.

“We are proud of our past, and we are confident we will continue to be successful well into the future, in large part because our employees embrace a century-old culture that encourages innovation, entrepreneurialism and thought leadership.”

As part of the 100-year celebration, Woolpert has launched an anniversary website and video to commemorate the past and look to the future. The firm has also updated its website, logo and brand to reflect its integrated approach to holistic project solutions above, on and beneath the earth’s surface.

Most recently, Woolpert acquired the Dallas operations of Bohannan Huston, a spatial data, mapping, civil engineering and advanced engineering technology services firm headquartered in New Mexico.

 This is the firm’s fourth acquisition in three years.  Woolpert locations in Florida include our Orlando office established in 2001 and our Miami office established in 1996.

Woolpert, ranked by Engineering News-Record as a top national design firm, provides professional design, geospatial and infrastructure services to clients in the public and private sectors.

Founded in 1911, Woolpert’s innovative design approach and commitment to the creative application of technology have grown the firm into a leader in the consulting industry.

 With nearly 650 professionals in 22 offices located throughout the U.S., Woolpert’s collaborative and multidisciplinary approach is driven by great people, great clients and great projects.

For more information on Woolpert, visit Woolpert’s website. To see how Woolpert has contributed to the advancement of the industry as the firm celebrates 100 years in business, visit the 100-year site. For insight on industry trends and emerging topics, visit our Thought Leaders blog.

Contact: Jocelyn Hodson, 4454 Idea Center Blvd., Dayton, OH 45430