Wednesday, October 16, 2019

International commercial real estate brand expands in Jacksonville, FL with the launch of SVN First Coast Commercial

Colin Nicholson

Jacksonville, FL – SVN First Coast Commercial Real Estate Specialists has opened in Jacksonville, providing SVN with a strong and expanding presence in the nation’s largest city by geography.

“There’s so much activity going on in this market: The ports, the Naval Air Station, the University of North Florida – these all contribute greatly to Jacksonville’s strength,” said Kelly Bush, chief operating officer, SVN First Coast Real Estate Specialists.

“There’s also a lot of expansion taking place, with the Jaguars’ NFL team, concert venues, the St. John’s Town Center and surrounding retail. Industrial properties have more demand right now than supply.”

Kelly Bush
                           (Photo by J. Emilio Flores for The New York Times)

The group of 10 commercial real estate professionals has deep knowledge in a variety of property types and has served the Northeast Florida market for a number of years.

Kimberly Aselton
 Colin Nicholson, CCIM, is the president of SVN First Coast Real Estate Specialists. He is well-known in the market and previously led a team of advisors that managed transactions in several states.

Kathy Bissell
“We’re very excited to be part of the SVN family,” said Nicholson, who has 15 years of commercial real estate experience.
David Enicks
“The tools here are some of the industry’s very best and the collaboration at SVN is outstanding. Jacksonville is full of opportunities and we’re looking forward to pursuing them, enthusiastically.”
Chas Lawrence
Accompanying Nicholson at SVN First Coast are advisors Kimberly Aselton, Kathy Bissell, David Enicks, Chas Lawrence, Robert Lawrence, Chip Sistare, Anthony Migliore, Lou Govreau and Glenn Palmer.

Robert Lawrence
 In addition to the culture of collaboration and the resources available, Nicholson cited SVN’s sole focus on commercial real estate as a key benefit.

Chip Sistare
“Being able to hone in exclusively on commercial real estate provides us with the right focus to best serve our clients,” Nicholson said. “We’re all very excited to be part of the SVN family.”

Anthony Migliore
Jacksonville’s economy has enjoyed strength in recent years, with unemployment rates hovering around only 3 percent in mid-2019. The city’s deep-water port is one of the nation’s busiest and a source of economic vitality for the area.

 Glenn Palmer

Jerry Anderson, CCIM, executive managing director of SVN Florida, said that the move of these professionals to SVN should prove mutually beneficial.

“Having a group of successful, experienced professionals on the team will enable us to better serve Jacksonville’s commercial real estate needs,” Anderson said.

“In return, it will benefit them because of the high-level collaboration and the technology available to help them achieve optimal performance.”

Jerry Anderson
SVN First Coast Commercial Real Estate Specialists is located at 4348 Southpoint Blvd, Suite 310, Jacksonville FL.

Florida team consists of more than 100 advisors serving locations across the state.


Marshall Hotels & Resorts Continues Rapid Expansion of New York Metro-Area with Three Hotels Openings

79-Room La Quinta by Wyndham Manhattan Midtown

NEW YORK CITY, NY —Marshall Hotels & Resorts, a leading hotel management and services company that operates properties nationwide, today announced the openings of three New York Metro-Area hotels:

  •  68-Room Wingate by Wyndham New York Midtown South/5th Ave.; 
  • 79-Room La Quinta by Wyndham Manhattan Midtown; 
  • 140-Room Wingate by Wyndham Long Island City.  

                            Michael (Mike) Marshall
Marshall will operate the hotels on behalf of three different ownership entities.

“The addition of this trio of hotels brings our current NY Metro-Area portfolio to 11 hotels, though we have opened a total of 20 hotels in the area over the years,” said Mike Marshall, president and CEO, Marshall Hotels & Resorts. 

“Due to our growth in the area, our sales, operations and revenue management team members over these hotels all are based locally as we look forward to expanding further in New York City, as well as continuing to grow our presence nationally.”


620 Herndon Parkway, Suite 115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-864-5553

Phoenix industrial construction pipeline reaches 10-year high

Riley Gilbert

PHOENIX, AZ – According to the Q3 Industrial Insight report from the Phoenix office of JLL, metro Phoenix now has more than 10 million square feet of industrial space under construction – the highest level of year-to-date construction activity since 2007.

 Despite still-rising construction costs, the JLL report cites in-migration and a growing pool of skilled labor as key factors driving the growth.

“Companies have recognized the favorable operating conditions in the Valley and they are not only driving new industrial construction but are also committing to new spec projects prior to completion of their construction,” said JLL Vice President Riley Gilbert.

 Lincoln Logistics 40 -- Denver's largest industrial deal of the year 

 “Phoenix has not traditionally been known as a pre-leasing industrial market but we are seeing that now, and fully anticipate this trend to continue as the market evolves.”
The largest industrial deal of the year was completed in September with Nike’s purchase of Lincoln Logistics 40, a 901,700-square-foot Class A industrial project in the Southwest Valley, for $69.8 million.

To access JLL research for Phoenix and across the U.S., please visit the company’s research page at


 Stacey Hershauer
Phone: +1 480 600 0195

BKM Capital Partners Acquires 150,245-SF Industrial Business Park in Denver, CO for $14.7 Milion

 Crossroads Distribution Center, Central East I-70/Montbello submarket of Denver, CO

DENVER, CO – BKM Capital Partners, an institutional fund manager with a niche focus on value-add, light industrial multi-tenant investments, has acquired Crossroads Distribution Center, a 14-unit industrial asset consisting of three single-story distribution warehouse buildings totaling 150,245 square feet in the Central East I-70/Montbello submarket of Denver, Colorado.

BKM acquired the property from KEW Realty, a private local seller, in an off-market transaction for $14.75 million.

“This was a rare opportunity to acquire a well-occupied industrial business park, strategically located in the most desirable and one of the fastest-growing industrial submarkets of Denver,” says BKM Capital Partners Managing Director of Acquisitions, Brett Turner.

Brett Turner

 “Vacancy in the Central East I-70/Montbello submarket is 2.4%, with no new deliveries scheduled that will compete in unit size to Crossroads Distribution Center, making this area and property ideal for our portfolio.”

Crossroads Distribution Center is strategically located off I-70, 25 minutes from Denver’s Downtown business district, offering easy access to the Denver airport, I-70, I-25, Downtown Denver, and Denver Tech Center.

Originally constructed in 1973, Crossroads Distribution Center is 90% leased to 12 tenants and features a mix of grade level, full-dock, and half-dock loading.

 The firm plans to rebrand the asset as Havana 37 Business Center and will invest approximately $1.2 million in capital improvements to upgrade the roof, HVAC system, and parking lot, notes Turner.

Crossroads Distribution Center is located at 3700 Havana Street in Denver, Colorado.

BKM represented itself in the off-market acquisition. The seller, KEW Realty, also represented itself.


Alex Caswell and Lexi Astfalk
Brower Group
(949) 438-6262

18,000-SF 'Cluckingham Palace' Heading for Auction in Pittsburg, East Texas

Chcken Entrepreneur Bob Pilgrim's 18.000-SF Mansion in Pittsburg, East Texas, Up for Auction

Photo Credit: Concierge Auctions: Source:
Pittsburg, East Texas -- Bo Pilgrim and his wife called it Chateau de Pilgrim, but it is affectionately known as “Cluckingham Palace” in the town of Pittsburg in East Texas lake country. 
Lonnie “Bo” Pilgrim,

The 43-acre French Renaissance estate was built by the late founder of Pilgrim’s Pride poultry products, Lonnie “Bo” Pilgrim, in 1992 as the family’s dream home. Having passed away in 2017, the family has decided that instead of listing it with a brokerage, it will go to auction on October 15th with no reserve, according to

Bo Pilgrim
Everything about the house speaks of the Pilgrim’s love of formal entertaining, from the drive and the clipped boxwood mazes and understated rows of pink flowers at the entry to the grand-marble, wrought-iron and gold-leaf foyer. 
The home has six bedrooms, eleven baths, a glass elevator that overlooks the grounds, European gas fireplaces and red oak wood floors. Gold leaf accents are carried throughout the formal rooms.

                               Photo by cahaden
For more casual entertaining there is an indoor swimming pool and spa, a bar at one end with lots of perimeter seating and multiple French doors opening to terraces and lawn. 
The chef’s island kitchen is connected to a butler’s pantry and the master suite that opens to a patio has a sitting room with fireplace, built-in storage and closets and natural rose quartz accents in the master bath. 
Other features include caretaker’s quarters, two offices, full bar, gym, media room and three-car carport. Other structures on the property include three large equipment shops with water and electric and a greenhouse.

Chateau de Pilgrim, Pittsburg, East Texas
Bo and his brother Aubry founded Pilgrim’s Pride Corporation in 1946 with a small feed store in Pittsburg. The business evolved into producing and selling poultry that was well received by consumers and continued to grow until it was one of the largest suppliers of poultry products in the country. 
When Aubry Pilgrim died in 1966, Bo took over as CEO and continued the expansion while becoming the face and voice of the company both on the company logo with his pilgrim hat with the big buckle and as spokesman in the chicken commercials.

Interior swimming pool
He sold the company in 2009 to the Brazilian beef company JBS and its headquarters was moved from Pittsburg to Greeley, Colorado. Bo Pilgrim, having acquired a net worth of approximately $1 billion, was a philanthropist and an active part of the community in Pittsburg.
Pittsburg, Texas is a quiet historic town with a charming main street and interesting antique shops. It is located in an area of vineyards and close to large recreational lakes for boating, skiing and fishing. For big-city fun, Dallas is only a two-hour drive and an airport is ten minutes away for more distant travel.
The mansion that chicken built in East Texas lake country will be sent to auction with Concierge Auctions at no reserve on October 15.
Genelle C. Brown
Content Manager, Media Division
Phone:  434-480-4504
Twitter:  @toptenrealestat

Fast & Furious Producer Steve Chasman’s Picture-Perfect Home Going for $16.9 Million

Hollywood Film Producer Steve Chasman's Pacific Palisades, CA 'Shadow Mountain' home on the market for $16.9 million
Photo credits: Nick Springett & Alfred Yson Source:
PACIFIC PALISADES, CA -- Film producer Steve Chasman, known for his action-thriller movies The Fast & The Furious series, The Transporter series, Taxi, The Bank Job and his latest, Fast & The Furious: Hobbs & Shaw, is selling his custom Pacific Palisades home with stunning views of the Pacific Ocean.

Goldie Hawn
Sited within the most exclusive community in the Pacific Palisades and named Shadow Mountain, it is priced at $16.9 million.

The home was once occupied by former President and former Hollywood actor Ronald Reagan and wife, Nancy, according to

Ronald Reagan and wife, Nancy
Spread across 1.2 acres of lush lawns and gardens with far-reaching views, the six-bedroom, six-bath home is designed in true California contemporary Mediterranean style, white and bright with wood-beamed ceilings and hardwood floors.
Ben Affleck 
The only room in the house that isn’t filled in light is the glamorous black-walled, black-furnished media room with its contrasting wood floors and fireplace.

Matt Damon
Entry into the home is a large foyer with curving stairs to the upper floor. The living room has a soaring beamed-wood ceiling as a foil against the white walls and bright light from large windows.

Billy Crystal
The formal dining room is surrounded by arched windows. A large eat-in chef’s kitchen is also great for entertaining family and guests who love to be part of the action.

Tom Hanks
Upstairs bedrooms also enjoy ocean and vineyard views.

Outside special features include a fountain in the motor court, a side lawn surrounded by trees giving the feel of a secret garden, a large shaded swimming pool terrace and a seating area taking full advantage of the view.

Sugar Ray Leonard
The home is located in a 24-hour-guard-gated community behind a gated motor court.
Pacific Palisades is well known for its celebrities including Ben Affleck and his good friend Matt Damon, Billy Crystal, Tom Hanks and Goldie Hawn. 

Alan Smolinisky
Sports figures also make it home including Sugar Ray Leonard and Alan Smolinisky, owner of the Los Angeles Dodgers. It was also once home to Ronald and Nancy Reagan.

Nadia Farès
Chasman and his actress-wife, Nadia Farès, who has appeared as Jade Agent Kinler in the 2007 action/thriller War, and as Pia in the 2007 horror film Storm Warning gave their home's listing to  agent Lisa Optican of Compass, Los Angeles.

 Lisa Optican
Genelle C. Brown
Content Manager, Media Division
Phone:  434-480-4504
Twitter:  @toptenrealestat