Sunday, December 18, 2011

CalPERS Purchases Interest in Power Transmission Line in Northeast


SACRAMENTO, CA – The California Public Employees’ Retirement System (CalPERS) announced that it has agreed to acquire a stake in a 65-mile submarine electric power transmission line that runs from Sayreville, New Jersey, to Hicksville, Long Island, New York.

The agreement to purchase an interest in the Neptune Regional Transmission System from Arclight Capital marks CalPERS second direct infrastructure investment, following the 2010 purchase of a 12.7 percent equity stake in London’s Gatwick Airport.

“This agreement is a good fit for our growing infrastructure program,” said Joseph Dear (top left photo), CalPERS Chief Investment Officer. “It’s an income-generating investment with stable revenues located in the United States, very much in line with the type of investment we said we would be looking to make when we described our vision for infrastructure in September.”

Over the next three years, CalPERS plans to invest up to $5 billion in infrastructure projects, including up to $4 billion in the United States and up to $800 million in California. CalPERS plans call for investments in both public and private infrastructure, including, but not limited to, transportation, energy, natural resources, utilities, water, communications and other social support services.

The deal for the transmission line is expected to close in the first quarter of 2012. Terms of the agreement were not disclosed.

CalPERS is the nation’s largest public pension fund with approximately $225 billion in assets, providing retirement benefits to more than 1.6 million State, public school, and local public agency employees, retirees, and their families, and health benefits to more than 1.3 million members.

The average CalPERS pension is $2,220 per month.

For more information about CalPERS, visit

External Affairs Branch
(916) 795-3991
Robert Udall Glazier, Deputy Executive Officer
Brad Pacheco, Chief, Office of Public Affairs
Contact: Wayne Davis, Information Officer

NAI Realvest Completes 5th Expansion Lease Agreement with Nemours Foundation for office space at La Vina Marketplace at Lake Nona, FL

MAITLAND, FL. --- NAI Realvest recently negotiated a lease expansion agreement with The Nemours Foundation for 1,416 square feet of office space in Building B of LaVina Marketplace at Lake Nona, 9161 Narcoossee Rd. in southeast Orlando.

 Senior Broker Associate Mary Frances West (top right photo), CCIM negotiated the transaction representing the landlord, Orlando-based Ripley’s International LLC.

With the addition of the 1,416 square feet, The Nemours Foundation, headquartered in Jacksonville, will now occupy 32,112 square feet at La Vina Marketplace at Lake Nona.

 Mickey Hage of Mickey Hage, Inc. represented The Nemours Foundation in the transaction.

For more information, contact

Mary Frances West, CCIM, Senior Broker-Associate NAI Realvest, 407-875-9989;
Patrick Mahoney, President NAI Realvest, 407-875-9989
Beth Payan, Larry Vershel Communications, 407-644-4142

NAI Realvest Completes $2.7 Million Sale of 7,527 SF International Drive Restaurant Building in Orlando, FL

Orlando, Fla. --- NAI Realvest recently negotiated the sale of the 7,527 square foot former Bola Restaurant at 8148 International Drive in Southwest Orlando for $2,700,000.

 NAI Realvest principals Kevin O’Connor (middle right photo) and Matt Cichocki (middle left photo) negotiated the transaction representing the seller, Hollywood Plaza Holdings, LLC of Brooklyn N.Y. 

 TC Holdings-International Drive, LLC purchased the property and was represented by Jon Rose of Charles Wayne Properties. 

 After renovation of the building, which will be expanded to 8,500 square feet, the buyer intends to open a 250 seat Kobe Japanese Steakhouse restaurant.  Opening is projected for May of 2012. 

For more information,  contact

 Kevin O’Connor and Matt Cichocki, NAI Realvest 407-857-9989 or
Patrick Mahoney, President, NAI Realvest, 407-875-9989;
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

NAI Realvest negotiates new lease agreement of 27,404 SF in Orlando for Seattle firm

 MAITLAND, Fla. – NAI Realvest recently negotiated a new three-year lease agreement for 27,404 square feet at Suite D, 5051 L.B.McLeod Rd. in Orlando. 

 Robert Blackwell (lower right photo)  SIOR, a principal at NAI Realvest, negotiated the transaction representing the tenant, Univar USA, Inc. a Seattle based chemical distributor. 

 McLeod Properties, Inc., is the Orlando-based landlord represented by Doug Clerget of Kidder Mathews. 

For more information, contact:

Robert Blackwell, SIOR Principal, NAI Realvest, 407-875-9989,
Patrick Mahoney, President, NAI Realvest 407-875-9989,
Beth Payan or Larry Vershel Communications, 407-644-4142,     

Smith Consulting Architects Brews Up Design Concepts for White Labs and Ballast Point Brewery Expansions in San Diego, CA



SAN DIEGO, CA – Smith Consulting, in concert with Serbia Consulting Group, a La Jolla-based corporate real estate consulting and project management firm, has been playing an integral role in the proliferation of San Diego’s craft brewing industry by assisting two local firms with their facility expansion projects.

 “Growth of the micro brewing industry within the San Diego region has been tremendous, and with it has come the need to move to larger facilities or expand and improve upon the efficiency of their existing space,” said Mark Langan, vice president of Smith Consulting Architects.

“Extensive experience in the manufacturing and biotech industries, together with a solid understanding of their infrastructure and jurisdictional requirements, have put us in a good position to assist these companies with their expansion plans.”

White Labs, a leader in the craft brewing movement since the early 90s, tapped Smith Consulting Architects and Serbia Consulting Group for its newly purchased 14,400-square-foot building within the Mark II Business Park (middle right photo) at 9495 Candida St. in the Mira Mesa area of San Diego, where it wanted to consolidate its facilities and expand production.

 The remodeling project involved design and build-out of clean room production facilities (top centered photo) with steam, CIP, and compressed air; lab spaces; distribution areas; offices; and a classroom for educating about the craft beer industry.  The remodel project was completed in July 2011.

 With offices in California and Colorado, White Labs provides a wealth of pure yeast and fermentation services not only for brewers, but also for winemakers, distillers and various fermentation businesses.

The company moved to its larger facility from a former location in the Miramar area.  White Labs President Chris White (middle left photo) and company Vice President Lisa White (lower right photo) provided project oversight. 

The project team for the new White Labs facility consisted of Serbia Consulting Group as the project manager, Smith Consulting Architects as architect/space planner, Pacific Rim Mechanical as mechanical/plumbing engineer, Berg Electric as the electrical engineer, and Good & Roberts as the general contractor. Todd Davis of Cassidy Turley BRE Commercial was the broker

Ballast Point, a San Diego homegrown brewing company, required increased capacity to meet growing demand for its innovative beer.  The solution was doubling their facility to 23,600 square feet by expanding into the second half of its existing building in Scripps Ranch.  The scope of work for the expansion project included the addition of a 3,500-square-foot cold storage room, additional fermenting tanks, a new production line, as well as general upgrades to the building and site.

 Smith Consulting Architects worked closely and proactively with Russ Gibbon at the City of San Diego Development Services Department and Planning Division to achieve cost effective approaches to multiple project challenges.

 “We were able to re-specify the uses per code, allowing the facility to be completely open and the view of the brewing process to be much more impressive,” said Langan.

 The project team for the Ballast Point expansion, completed in October of 2011, consisted of Serbia Consulting Group as project manager, Smith Consulting Architects as architect/space planner, Pacific Rim Mechanical as mechanical/plumbing engineer, Cooper Electric as electrical engineer, and Good & Roberts as general contractor.
 Established in 1996 by beer devotees Jack White (lower left photo) and Yuseff Cherney, Ballast Point employs a dedicated team of craftsmen (and craftswomen) who are dedicated to the art and innovation of beer brewing, continually trying new methods and ingredients to expand the brewery’s offerings. The company grew out of Home Brew Mart, a home brewer’s nirvana now located in Linda Vista, filled with the supplies, ingredients and advice home brewers need to make better beer at home.

 Founded in 1988 by Cheryl (Dennie) Smith (bottom right photo), Smith Consulting Architects is a multi-discipline design firm providing full-service planning, architecture and interior design.

In addition to corporate headquarters and office facilities, the company has specialized expertise in retail, R&D, life science, complex manufacturing, and industrial facilities.

Smith Consulting Architects is a member of the U.S. Green Building Council, with extensive expertise in sustainable design.  Smith Consulting Architects is comprised of 21 design and support professionals, with offices located in San Diego and Palm Desert, Calif. 

 More information about the firm can be found on the Web at
Contact: Bonnie Kutch, (619) 299-1010,