Tuesday, October 23, 2018

Expanding Businesses Start New Leases at Monroe CommerCenter South In Sanford, FL

Michael Heidrich
SANFORD, FL --- NAI Realvest Charles Wayne Commercial recently brokered a new lease agreement with The Pressure Guys, LLC for 3,750 square feet of flex space at 4153 Flex Court , in Monroe CommerCenter South.  

Michael Heidrich, Principal at NAI Realvest and Brad Gifford Associate with NAI Realvest Charles Wayne Commercial negotiated the new multi-year lease on behalf of the Daytona Beach-based landlord, CWP Monroe Investors, LLC and Ocala North Partnership LLC as Tenants in Common.  

The tenant is a pressure cleaning firm with commercial grade equipment and product serving metro Orlando .  

Brad Gifford

Heidrich also brokered a multi-year lease of 5,000 square feet in Monroe CommerCenter South at 4154 Incubator Court .  Roofing contractor TC Metal Roofing, LLC moved from a 2,000 square foot suite at Monroe CommerCenter South expanding its operations with 2-1/2 times more space than previously occupied. 


Michael Heidrich, Principal, NAI Realvest, 407-875-9989 mheidrich@realvest.com

Robin L. Webb, CCIM, CHA, CHB, CRB, CPM, MRICS, Managing Director, NAI Realvest, 
407-875-9989 Rwebb@realvest.com

Larry Vershel or Beth Payan, Larry Vershel Communications
407-644-4142 lvershelco@aol.com

Daum Directs Acquisition of Rare Available 93,818-SF Industrial Building in Los Angeles County Submarket

Rudy Lara
CITY OF INDUSTRY, CA – DAUM Commercial Real Estate Services has directed the acquisition of a 93,818 square-foot industrial building on a 6.18-acre site in the Los Angeles County submarket of the City of Industry, California.

DAUM’s LARA Team, led by Executive Vice President Rudy Lara, based out of the firm’s Inland Empire office, and First Vice President Nathan Lara, of the San Gabriel Valley office, completed the off-market transaction on behalf of the buyer, CenterPoint Properties, an industrial real estate investment firm headquartered in Oak Brook, Illinois.

CenterPoint plans approximately $2.5 million in renovations to upgrade the asset and lease to a high-quality distribution tenant, according to Rudy.

Nathan Lara
The property is located at 13260-13280 E. Amar Road in the City of Industry, California. Rudy Lara, Nathan Lara, and the LARA Team have been retained as the exclusive listing agent for the property, and are currently marketing the building for lease.

“With this acquisition, we helped our Client secure an increasingly rare opportunity to strategically upgrade an older property to meet the needs of today’s tenants, and benefit from the long-term growth fundamentals of this in-demand submarket,” explains Rudy.

“The San Gabriel Valley continues to prove itself highly competitive, currently posting industrial vacancy rates in the 2 percent range and strong rent growth year-over-year.”

The asset’s prime location offers easy access to the 10, 60, and 605 Freeways, providing convenient routes to the Ports of Los Angeles and Long Beach, and Los Angeles and Ontario International Airports, notes Rudy. 

Greg Pearson
The property offers 24 dock high loading doors, over 5,000 square feet of office space, 22 feet of clear height, 56 additional trailer stalls with over 100 trailer storage capability, three drive-in bays, and is rail-served by Union Pacific.

CenterPoint’s repositioning plan for the building, originally constructed in the 1960s, will include creating a best-in-class, secure, lit and paved yard, updating the facade, and modernizing the building systems.

According to Greg Pearson, Vice President, Investments at CenterPoint: “This project embodies the intrinsic value of excess yard in the Los Angeles basin.

"The combination of a ratio of one dock high door per 3,900 square feet and approximately 2 acres of excess yard make this building the workhorse of the 605 Freeway.

Ryan Dunlap
""Working closely with DAUM’s expert LARA Team, and benefitting from their deep relationships in the region, we were able to quietly secure this off-market transaction.”

The firm continues to be extremely bullish in acquiring properties in Southern California, having recently acquired a 126,000 square-foot industrial building in the South Bay submarket of Los Angeles and the former JC Penney distribution building in Buena Park, notes Ryan Dunlap, CenterPoint’s Senior Vice President of Investments.

Elisabeth Manville / Lindsay Mackay
Brower Group
(949) 955-7940

Ware Malcomb Announces Construction Completed on New Arizona Desert Ear, Nose & Throat Specialists Medical Office

Niki Ward

 PHOENIX, AZ (Oct. 23, 2018) – Ware Malcomb, an award-winning international design firm, today announced construction is complete on the Arizona Desert Ear, Nose & Throat Specialists medical office located at 13555 W. McDowell Road in Goodyear, Ariz. 

Ware Malcomb provided interior architecture and design services for the project.

The redesigned 5,200 square foot medical office space features seven exam rooms and four offices, as well as a sinus procedure room, allergy testing room, audio room, instrument cleaning room, conference room, and break room.

Ware Malcomb utilized clean and contemporary materials in a neutral color palette designed to make patients feel welcome and comfortable. 

Sliding barn doors provide a stylish and practical entrance to the conference room, while the Medical Assistant station features a prominent work surface. A spacious waiting room features a unique check-in/out desk that doubles as a workroom behind a built-in bookshelf that is accessible from either side.

“The contemporary design infused throughout this new medical office space is both stylish and functional,” said Niki Ward, Studio Manager, Interior Architecture & Design of Ware Malcomb’s Phoenix office. 

“We are confident the Arizona Desert Ear, Nose & Throat Specialists doctors, staff and patients will appreciate this incredible new environment for many years to come.”

The General Contractor for the project is Aksarben.

Ware Malcomb has been providing specialized healthcare design services for over 25 years. The firm’s experience encompasses a wide range of healthcare project types nationwide including medical office buildings, imaging, radiology and oncology centers, ambulatory surgery centers, behavioral health, acute care, skilled nursing and clinics. 

For more information, visit waremalcomb.com/news and view Ware Malcomb’s Design Highlights video atyoutube.com/waremalcomb.


Rachel Reenders
VP Public Relations,
KCOMM for Ware Malcomb

Kelly Teenor, Director, Marketing, 949.660.9128, kteenor@waremalcomb.com
Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com

Ware Malcomb Phoenix
8181 N Vía De Negocio
Scottsdale, AZ 85258
p. 480.767.1001

GoEuro Announces $150 Million Growth Investment from Kinnevik, Temasek and Hillhouse

Cristina Stenbeck

Berlin, Oct. 23, 2018 -- GoEuro, the leading booking platform for transport across Europe, has raised $150 million in one of the largest-ever investment rounds in Germany, doubling the company’s total capital raised to date.

The company plans to use the funds to advance its vision of unifying transport globally by accelerating product innovation and expanding into new markets, facilitating more convenient travel booking across the world.

Kinnevik AB, a Swedish investment firm, and Temasek, an investment company headquartered in Singapore, led the round, with participation from Hillhouse Capital,  a leading investment firm focused on long-term growth through innovation .

Cristina Stenbeck, main shareholder of Kinnevik and a member of the boards of Kinnevik and Spotify, will join GoEuro’s board of directors as part of the transaction. Until 2016, Cristina served as both Executive Chairman of Kinnevik and Chairman of Zalando.

Naren Shaam

Naren Shaam, CEO and Founder of GoEuro, said:

“The investment by these outstanding firms is a testament to our team’s hard work to build the leading booking platform for transport in Europe and a recognition of the tremendous growth opportunities we see ahead.

"Having Kinnevik, Temasek and Hillhouse as investors complements our vision for driving growth across our business, as we help people around the world book their travel more easily and quickly.

“Over the past five years, we’ve brought most European transportation onto our platform, creating a simple, consistent and familiar experience for our customers.

"We see extraordinary potential to transform travel booking by expanding our platform to the fragmented, mostly offline systems for managing transport globally.

"Through this investment, we will enhance our customers’ experience by adding new geographies and modes of transport, and more people to our fantastic team to join us on this exciting journey.

“We are especially pleased that Cristina will join GoEuro’s board. Cristina’s expertise in consumer-facing brands will be an invaluable addition as we grow our business.”

Lei Zhang

Launched five years ago as a metasearch engine, GoEuro today operates the leading multi-modal transport booking platform in Europe, making direct sales on its platform for 80% of its transport providers.

Since its last fundraise in October 2016, GoEuro has scaled substantially across many fronts. GoEuro now offers ground and air travel options in 36 countries across Europe and full coverage in 15 of those markets, and more than 27 million people use GoEuro each month, three quarters of whom use mobile devices to access the platform.

"Additionally, GoEuro recently completed its first acquisition, of European transport aggregator BusRadar, based in Karlsruhe, Germany."

Stenbeck said:

“I have an enormous amount of respect and admiration for  Naren and GoEuro’s drive to redefine travel booking for the future.

"Kinnevik’s management and Board share my excitement about the large addressable market that GoEuro has pursued since its inception, and the considerable runway for growth ahead.

"GoEuro has been a pioneering force in addressing, disrupting and improving end-to-end travel. We look forward to helping Naren and his team continue to build a world-class business.”

Lei Zhang, Founder and Chairman of Hillhouse Capital, said:

“We are impressed with what Naren and his team have accomplished in Europe. We are excited to support GoEuro to bring its best-in-class multi-modal transport booking platform to Asia and the rest of the world.”


For GoEuro:

Kate Jones –kate.jones@goeuro.com
Ciro Fakhr –  ciro.fakhr@goeuro.com

Hospitality Market in South Florida is Headed Towards a Brighter Future in 2019

  • From left: Scott Lunine, Vice President/Regional Manager, Marcus & Millichap; Michael McArdle, Associate, Marcus & Millichap; Hitesh (HP) Patel, Chairman, AAHOA; Stephen Siegel, President, H-CPM; Ahmed Kabani, Vice President Investments, Marcus & Millichap; Scott Sickeler, Principal, BLUR Workshop Architecture & Interior Designs; John Lancet, Managing Director, HVS; Vinay Rama, CEO, Mandala Holdings; Mario Garcia-Serra, Shareholder, Gunster

Hitesh Patel

MIAMI, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, along with Ahmed Kabani hosted their third annual Hotel Investment Forum at the Pullman Miami Airport Hotel on Oct. 18th, according to Scott Lunine, Vice President and Regional Manager of the firm’s Miami office.     
Event Included:

Ahmed Kabani
AAHOA Chairman, Hitesh (HP) Patel delivered a powerful and inspiring keynote address discussing some of the pressing issues facing the hospitality sector. 

·   National and local hotel current market overview and forecast for 2019 presented by:

o    John Lancet, Senior Managing Director, HVS Consulting & Valuation

·   Capital Market update focused on current trends and expectations in financing opportunities for hospitality investment properties by:

o    Robert Bhat, Senior Director, Marcus & Millichap Capital Corporation

Panel of industry experts from diverse specialties delivered comprehensive insight into the hot topics in hospitality.
John P. Lancet
Event highlights:

Keynote Address:

HP spoke about the implications of current Federal, State, and Local legislative priorities.  He also explained AAHOA’s initiative and training program to combat human trafficking.  For information on AAHOA’s Training Program visit:  https://aahoa2018-humantrafficking.streampoint.com/

  • South Florida hotel operators will face greater competition as developers continue to deliver new hotel rooms in Miami-Dade County and Broward.

  • Existing hotel operations are going to have to emphasize yield management to remain competitive in current state of the market.

    Robert Bhat
  • Hoteliers welcome competition from the likes of Airbnb, but demand they are subjected to the same laws and regulations to ensure fairness.
  • Cost and availability/stability of labor continues to be of great concern.  Hoteliers looking for solutions to staffing problems.
  • The Kabani Hotel Group of Marcus & Millichap continue to organize events that bring together industry experts to discuss the issues facing hoteliers today, and how to prepare for the issues that face them in the future. 


Daniella Aragon
Marketing Coordinator
Marcus & Millichap
5201 Blue Lagoon Drive
Suite 100
Miami, FL 33126
(786) 522-7000 main
(786) 454-0094 mobile
(786) 522-7010 fax