Tuesday, February 16, 2016

Tenzer Attorneys Ari Tenzer and Adriana Blanco Maurisset Represent Owner of Planned Hard Rock Hotel & Casino Santo Domingo

Adriana Blanco Maurisset
MIAMI, FL —Feb. 16, 2016 -- Tenzer PLLC Member Ari M. Tenzer and Associate Adriana Blanco Maurisset have completed the successful negotiation of a hotel license and casino management agreement on behalf of the owner of the planned Hard Rock Hotel & Casino Santo Domingo in the Dominican Republic.

Construction of the 400-room hotel and state-of-the-art casino commenced with a February 9 groundbreaking ceremony attended by Dominican Republic President Danilo Medina.

Tenzer and Blanco Maurisset, who have extensive experience advising domestic and international clients in hospitality industry transactions, were the only outside counsel involved in the entire deal. 

The Miami-based law firm has represented the Hard Rock Hotel & Casino Santo Domingo owner, a Cancun-based group with a vast portfolio of Hard Rock-branded hotel properties, in negotiating agreements for nearly all of its Hard Rock hotels in Latin America and the Caribbean.

Hard Rock Hotel & Casino Santo Domingo is the ownership group’s second property in the Dominican Republic. The group also developed and operates the 1,800-room Hard Rock Hotel & Casino Punta Cana, one of the largest hotel and casino properties in the Caribbean. Tenzer also represented the group in negotiating and closing a license and casino management agreement for the Punta Cana property in 2009.

Ari Tenzer

“The Dominican Republic is unquestionably a very hot market for hospitality and gaming,” Tenzer said. “The ambitious Hard Rock Hotel & Casino Santo Domingo project underscores our client’s confidence in the market.

" Big international hotel brands are increasingly attracted to the nation as travelers realize Las Vegas and the Bahamas aren’t the only appealing options for upscale, non-cruise ship casinos with all of the popular gaming options.”

To complete the Santo Domingo deal, Tenzer and Blanco Maurisset negotiated five separate agreements, including the main hotel and casino agreements and three ancillary agreements for reservations, sales services and memorabilia. 

They coordinated with local representatives regarding compliance with regulatory requirements and entity formation, and negotiated protections against regulatory changes in the Dominican Republic that may affect the owner’s gaming license. 

They also ensured the hotel and casino agreements worked together while still separating the rights and obligations of the parties under each agreement.

Additionally, the land acquisition for the project required special attention given the desire was to get the deal papered with Hard Rock as quickly as possible, independent of the timing for the real estate closing; it’s a process that is both longer and more complex in civil law jurisdictions like the Dominican Republic than common law jurisdictions like the U.S.

Dominican Republic President Danilo Medina
“These kinds of deals are extremely sophisticated, especially when you have two different animals – the hotel and casino – as part of the deal,” Tenzer said. “It is paramount to carefully put the appropriate checks and balances in place to insulate our clients to the fullest extent possible.”

Scheduled for a late 2017 opening, the Hard Rock Hotel & Casino Santo Domingo will include 400 hotel rooms and suites and a 23,000-square-foot casino. It will also feature a screening room and nightclub that opens up to the main pool, along with 33,000 square feet of meeting space.

For a complete copy of the company’s news release, please contact:

Ashley Fierman, afierman@boardroompr.com

(954) 370-8999

Berger Commercial Realty Secures More Than 35,000 Square-Feet in Lease Transactions Across Broward County, FL

Annette Rey Bishop

FORT LAUDERDALE, FL - Berger Commercial Realty brokers Annette Rey Bishop, Joseph Byrnes, Roxanna Collins, Judy Dolan and Jonathan Thiel recently closed six lease transactions throughout Broward County totaling 35,983 square-feet of space.

Represented by Collins, Meredith Baer Homes, Inc. signed a new lease for 14,683 square-feet of industrial space at the Pompano Business Center. Located at 2036 W. Copans Road in Pompano Beach, the 71,228-square-foot institutionally-owned business park features 24-foot clear ceiling heights, dock-high loading, a state-of-the-art fire suppression system and layouts for industrial, manufacturing, warehouse and office space.

Roxanna Collins

On behalf of Rising Tide Development, LLC, Byrnes and Thiel completed a lease extension for 5,850 square-feet of flex space to B.E.S.M., Inc. at Cypress Creek Business Park. Located at 6555 N. Powerline Road in Fort Lauderdale, the 54,600-square-foot business park consists of two buildings just north of Cypress Creek Road and offers flex, office and warehouse spaces starting at 2,000 square-feet. The property is part of a portfolio owned by Rising Tide Development.

Bishop represented Roly & Partners, Inc. in leasing 5,000 square-feet of office space from E.T. Hunter at 1932 Tyler Street in Hollywood. The 7,466-square-foot building consists of three stories and a 40-space parking lot.

Judy Dolan

Dolan and Thiel represented TCPH Broward, LLC in renewing a lease for 4,500 square-feet of flex space to Invision International Health Solutions, Inc. at the Executive Airport Business Center in Fort Lauderdale. Located at 5101 NW 21st Ave., the two-building business park sits on a 6.09-acre lot and consists of 73,130 square-feet of single story office and flex space. The property offers convenient access to I-95, Florida's Turnpike and Fort Lauderdale Executive Airport.

Collins represented Mancini & Sons #2 in renewing a lease for 3,780 square-feet of industrial space to H20 PM, Inc. at the Enterprise Commerce Center in suites J and H. The property consists of two buildings totaling 48,068 square-feet of space and is located at 5051 S.W. 13th Ave. in Deerfield Beach. Built in 2006, the Enterprise Commerce Center features a glass front fa├žade, 18-foot clear ceiling heights, tilt wall concrete construction and overhead drive-in shipping doors.

Joseph Byrnes
 The property is a part of the Mancini & Sons Florida, LLC portfolio consisting of 220,667 square-feet in Broward County that is managed and leased exclusively by Berger Commercial Realty. Collins currently oversees leasing for the portfolio.

Bishop also represented Sanitas USA, Inc. in leasing 2,170 square-feet of office space from 1819 S.E. 17th, LLC at The Port Condo building in commercial unit one. 

Located on the 17th Street Causeway in downtown Fort Lauderdale, the 25,000-square-foot building sits on a one-acre lot adjacent to the Hilton and The Art Institute of Fort Lauderdale.

 Built in 2006, the class-A property features glass store frontage, a boat and yacht dry storage facility with ocean access, and signage exposure to a daily traffic count of 45,000 vehicles and pedestrians.

For more information about Berger Commercial Realty's leasing services, call 954-358-0900 or visit www.BergerCommercial.com

For a complete copy of the company’s news release, please contact:

Lexi Robinson, ext. 255, lrobinson@piersongrant.com
Marielle Sologuren, ext. 226, msologuren@piersongrant.com

SG Contracting Wins Assignment at Arbor Montessori in Decatur, GA

Sachin Shailendra
 ATLANTA, GA  (Feb. 16, 2016) — SG Contracting, an Atlanta-based general contracting and construction management company, has won the assignment to complete improvements at the Arbor Montessori in Atlanta. The renovation is scheduled for completion in July 2016.
The new site package includes a new playground area, an upgraded storm system, retaining walls, and paving. Exterior renovations will include new parapet walls, roofing, windows, stairs and canopies. 

Upgrades to the interior of the school include new class rooms, nap rooms and administrative rooms, as well as shell space totaling 9,100 square feet.

“We are excited to have been selected for this project at one of the largest Montessori schools in the Southeast,” said Sachin Shailendra, president of SG Contracting. “Its name and prestige are well recognized, and its regarded as a model by many other schools worldwide.”

Arbor Montessori has been the flagship of Montessori education in Atlanta for the last 44 years.

For a complete copy of the company’s news release, please contact:

Savannah Durban
The Wilbert Group
404-343-0870 (O) 404-901-4433 (C)

Multi Housing Advisors Brokers Sale of 392-Unit Apartment Community in Asheville, NC

The Meadows Apartments, Asheville, NC

Marc Robinson

CHARLOTTE, NC — Multi Housing Advisors (MHA) has arranged the sale of The Meadows, a 392-unit apartment community located in Asheville, North Carolina.

Marc Robinson, Jordan McCarley and Watson Bryant of MHA’s Charlotte office represented the seller, Bell Partners Inc., in the transaction. The property was purchased by Graycliff Capital Partners, LLC, located in Greenville, South Carolina.

“This transaction represents a tremendous opportunity for new ownership to breathe fresh life into an established, well-maintained asset located in what is quietly one of the stronger markets in the Carolinas,” McCarley said.

The Meadows, built in two phases, is located on New Leicester Highway, which provides excellent access to Downtown Asheville as well as major transportation arteries. It is uniquely positioned in a thriving market, with high barriers to entry and a lack of direct competition.

For a complete copy of the company’s news release, please contact:

Deborah Rogers
Multi Housing Advisors

Atlantic | Pacific Cos. Announces Two New Luxury Garden Developments in South Florida

Alex Lastra
MIAMI, FL – Miami, Florida-based Atlantic Pacific Companies is pleased to announce the start of two new Developments with close proximity to downtown Fort Lauderdale and Delray Beach. 

Construction of both communities broke ground in December, 2015 and the first units will be delivered in November 2016.

The Atlantic | Cypress Creek, ideally situated between I-95 and Florida’s Turnpike along Commercial Blvd (one of Broward Counties most traveled arteries) and The Atlantic | Delray Beach, perfectly located North of Atlantic Avenue (on Lake Ida Road) between Military Trail and Jog Road.

 Alex Lastra, Senior Managing Director of Atlantic | Pacific Development remarked “We are excited to break ground on these two Premier developments that will be ready for Occupancy in late 2016.  

"These developments will be ‘best in class’ assets that will provide residents at both communities with all of the amenities of a luxury home within your apartment and the latest in cutting edge amenities within the Resort style clubhouse and throughout the Community.”

For more information about A|P and its array of real estate services including development, property management, affordable housing and construction, visit www.apmanagement.net or call (800) 918 – 1145.

For a complete copy of the company’s news release, please contact:

Margie Sernik, Account Executive
7100 Biscayne Blvd., Suite 306A | Miami, FL 33138

Lincoln-Managed 55 Allen Plaza in Atlanta, GA Wins TOBY Award

Shane Froman
ATLANTA (Feb. 10, 2016) –55 Allen Plaza has been awarded The Outstanding Building of the Year (TOBY) Award in the 250,000- to 499,999-square-foot category from The Building Owners and Managers Association of Georgia (BOMA Georgia). 

The award was presented during the 2016 TOBY & Association Awards Banquet on Feb. 10. Lincoln Property Company (Lincoln) manages the building.

“We are honored that BOMA Georgia has selected 55 Allen Plaza to receive this award,” said Shane Froman of Lincoln. “We always strive to provide best-in-class service for our clients and awards like this validate our hard work.”

The TOBY Award, which recognizes building quality and management excellence, is considered the most prestigious and comprehensive program of its kind in the commercial real estate industry. 

Tenant-relations programs, community involvement, emergency preparedness, security standards, and continuing education for building personnel are all evaluated. The building's floor plans and site plans are also reviewed.

For a complete copy of the company’s news release, please contact:

Savannah Durban
The Wilbert Group

Steve Hyatt Honored as Berger Commercial Realty’s “Broker of the Year” and as a finalist for NAIOP South Florida’s “Creative Deal Maker of the Year” Award

Steve Hyatt
FORT LAUDERDALE, FL (Feb. 16, 2016) – Commercial real estate veteran Steve Hyatt was recently named Berger Commercial Realty’s “Broker of the Year” and a “Creative Deal Maker of the Year” finalist by NAIOP South Florida for the 2016 Awards of Excellence.

The NAIOP South Florida Awards of Excellence acknowledge commercial real estate professionals whose achievements have contributed to the region’s economic growth and business environment in a given year. Winners of the Awards of Excellence will be announced on February 25.

“Steve’s extensive knowledge and experience in brokerage allow him to successfully valuate, position and market assets on behalf of our clients time after time,” said Berger Commercial Realty President Lloyd Berger.

“It is for these reasons and his ability to recognize value that he is an essential member of our firm and a go-to broker for landlords, tenants, buyers and sellers throughout Fort Lauderdale.”

For a complete copy of the company’s news release, please contact:

Pierson Grant Public Relations
Lexi Robinson, ext. 255, lrobinson@piersongrant.com

Marielle Sologuren, ext. 226, msologuren@piersongrant.com

Ackerman & Co. to develop a one-million-square-foot, 40-foot clear height, bulk distribution center in Braselton, GA

Kris Miller
 Atlanta, GA – Ackerman & Co. announced it is developing a 1,000,480-square-foot bulk distribution center in Jackson County. 

This follows the company successfully securing two land parcels totaling 107 acres off of Broadway Avenue and BDC Parkway in Atlanta’s northeast industrial submarket – arguably the largest industrial tenant submarket in the Southeast. 

The land deal, acquired from Synovus Bank for $4.5 million, closed last Friday. 

“Buildings nearing or greater than one million square feet remain the most dynamic segment of the Atlanta industrial market,” said Kris Miller, President of Ackerman & Co.

 “Seven new leases have been signed in the last 14 months in these larger buildings. There is no uncommitted one-million-square-foot inventory remaining in all of Atlanta – Braselton Logistics Center will be one of a few, if not the only, to deliver in the next 12 months,” he added. 

Braselton Logistics Center is located less than 1.5 miles from I-85 and the Georgia Highway 211 Interchange, and is equidistant between two diamond interchanges (exits 126 and 129 off I-85). It is also surrounded by a diverse mix of existing tenants including Mizuno, Hitachi, Whole Foods Markets, Havertys, Carter’s and Kichler, to name a few. Braselton Logistics Center is strategically positioned for both local and regional distribution, and offers convenient amenities and proximity to a quality labor force.

Pat Chesser
The speculative bulk distribution center is slated to deliver in the first quarter of 2017. The cross-dock building will feature 40-foot clear heights, ductilcrete© floors, and heavy trailer and car parking. 

The development team includes architect Randall Paulson, civil engineer Elberly Associates and Conlan Company as general contractor.

“The merits of this site jump off the page for big-box distribution,” said Ackerman & Co. Senior Vice President Pat Chesser.

 “The Yates Group brought this tremendous opportunity to our attention and with exceptionally creative planning, we were able to proceed with this challenging site and still offer a competitive rate. 

"We assembled two parcels to slide and rotate the building and adjusted grades to avoid the sub-surface granite.”

Transwestern’s Julian Brown and Brett Buckner of Ackerman & Co. will spearhead leasing efforts at the property.

For a complete copy of the company’s news release, please contact: