Friday, May 4, 2012

Real Estate Industry Exec Brett Miller to Lead Jones Lang LaSalle in Canada

TORONTO  /PRNewswire/ -- Jones Lang LaSalle today announced the appointment of Brett Miller (top right photo) as the new President of its Canada operations.  Based in Toronto, Miller will be responsible for overseeing and growing the firm's business across Canada effective May 14.

"Over the last two years, we have strengthened our business in Canada with new office openings, significant brokerage assignments and the addition of more than 40 industry professionals," said Bill Krouch (lower left photo), CEO, Americas Markets at Jones Lang LaSalle.

"To ensure our continued momentum in this important market, we required an individual with deep knowledge of multiple business lines, proven leadership skills and a track record of building profitable businesses.  Brett brings these qualities, as well as an entrepreneurial spirit, to the role."

Miller joins from CBRE where, as Regional Managing Director, he ran the firm's Eastern Canada division for more than a decade and grew the firm's presence significantly. In addition to overseeing five offices, he led major investment transactions and launched several business lines.

Prior to this position, he ran the new business division of News International Newspapers in London and founded a home delivery services company in Paris. Miller began his career with real estate developer and manager Canderel Limited in Montreal in 1986, where he gained experience in finance, leasing and development.

Jones Lang LaSalle has operated in Canada for more than a decade. With its Canada headquarters in Toronto, the firm also operates in Mississauga, Montreal, Ottawa, Vancouver and Calgary.

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

 Joanne Bestall,

Phil Notley,

NAI Realvest Negotiates Lease Agreement to Open Sports Themed Restaurant at Dellagio Town Center on Sand Lake Road in Orlando, FL

ORLANDO, FL. - NAI Realvest recently negotiated a new lease agreement for 6,000 square feet of retail space at Dellagio Town Center (top left photo) on Sand Lake Rd. in Southwest Orlando.

Chairman George Livingston (middle right photo) and Christie Alexander (lower left photo), principals at NAI Realvest, and Broker Associate Drew Saphos, CCIM and Associate Paul Vera represented the tenant.

The lease will bring a Miller’s Field restaurant to the upscale center.

Craig Miller, former CEO at Ruth’s Chris Steak House, is a principal of the restaurant chain, which operates a Miller’s Field restaurant and sports bar in San Diego, California.

The landlord was represented by Amy Schuemann with Unicorp National Developments, Inc., the owner/developer of the center.  

For more information, contact

Christie Alexander, Principal, NAI Realvest 407-949-0704,
George Livingston, Chairman Emeritus, NAI Realvest 407-875-9989
Patrick Mahoney, President, NAI Realvest, 407-875-9989
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

George Smith Partners Arranges Financing for Acquisition and Development of New 95-Unit Multi-Family Project in West Los Angeles, CA

LOS ANGELES, CA (May 4, 2012) – Commercial real estate investment banking firm George Smith Partners has successfully arranged financing on behalf of its client ADC Realty Group (ADC) for the acquisition and construction of a 95-unit, multifamily property in West Los Angeles (top left rendering).

The financing included $11.115 million in joint venture and construction equity, according to Vice President, Jonathan Lee (middle right photo). Lee was assisted by George Smith Partners’ Analyst Shine Cheng (middle left photo).

According to Lee, ADC was approached directly with this development opportunity in late 2011 by the seller. ADC engaged George Smith Partners to place the deal with an institutional equity group in order to secure the development project.  ADC is active in the development of a wide array of properties, including single-family homes, commercial, office, hotels, multifamily and self-storage facilities.

“In taking this off-market transaction to potential investors and lenders, one of the challenges we faced at GSP was finding new construction rental comps in the area,” explained Lee. “While this was a disadvantage in our efforts to achieve financing, it did demonstrate to investors the great potential for this project as the first new multifamily construction in the immediate micro-market.”

According to Lee, GSP identified an equity partner that was comfortable with the return on cost due to the prime West Los Angeles location of the property.

 The property is located on the North East corner of Pico Boulevard and Centinela Avenue with direct freeway access.

The property is also only three blocks away from the planned LA Metro Expo Line stop at Olympic and Bundy Blvd. This new metro stop is anticipated to be complete within six months of ADC’s project completion.

 “The West Los Angeles area is home to some of the largest tech and entertainment companies in the country. These companies have attracted sophisticated employees that raise both the expectation level of renters, as well as the price point for newly built units,” Lee noted.

Jason Amoroso, Vice President of Acquisitions and General Counsel for Amoroso Companies explained, “In addition to the growth in the local job market, the new metro stop will allow other people to live in the revitalized area of West LA, while easily commuting to work in Downtown.”

“George Smith Partners’ speed and efficiency in arranging the financing for the project was impressive. They arranged a number of meetings with potential joint venture partners for us, and worked diligently to find us the right financing so we could secure this development,” Amoroso added.


Corynne Randel/ Judith Brower
Brower, Miller & Cole
(949) 955-7940

New Comings and Goings at Marcus & Millichap

 Michael Rothstein Rejoins Firm  as a Senior Associate in Manhattan office
 NEW YORK, NY – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has hired Michael Rothstein (top right photo) as a senior associate in the firm’s Manhattan office, according to J.D. Parker (top left photo), vice president and regional manager of the Manhattan office.

Most recently, Rothstein was with Besen & Associates.

In his new role as senior associate at Marcus & Millichap, Rothstein represents investors throughout New York City in the disposition of their multifamily and mixed-use investment properties.

“It’s a pleasure to welcome Michael back to the firm,” Parker says of Rothstein, who left the company in 2010. “His in-depth knowledge of the New York Metro Area’s real estate market makes him an asset to our private clients.”

 Rothstein spent the majority of his real estate career – from 2003 through 2010 – with Marcus & Millichap, where he left as a senior associate in the firm’s Manhattan office. In 2007, Rothstein earned a National Achievement Award and a Gold Sales Award from Marcus & Millichap.

“I returned to Marcus & Millichap because of its unique brokerage platform, culture of collaboration and unparalleled access to investment capital from all over the country,” says Rothstein. “I look forward to assisting my clients in their efforts to build greater wealth by providing them with access to the extensive inventory of exclusively listed properties offered by Marcus & Millichap.”

Rothstein received his Associate of Science degree in Advertising from Dean Jr. College in Franklin, Mass., a Bachelor of Arts degree in Business Administration from New England College in Henniker, N.H. and earned credits towards his MBA from Seton Hall University in South Orange, N.J.

Jacob D. Gehl Promoted to First Vice President Investments in Chicago Office

 CHICAGO, IL –Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Jacob D. Gehl (middle right photo) to first vice president investments.

This achievement is one of the highest levels of recognition the firm awards to its investment specialists. It represents excellence in the development and servicing of long-term client relationships, according to John M. Przybyla (middle left photo), first vice president and regional manager of the firm’s Chicago Downtown office.

Most recently, Gehl held the title of vice president investments.

Gehl began his career with Marcus & Millichap in January 1999 and was named vice president investments in January 2008. He has received 12 sales recognition awards from the firm.

Gehl specializes in the sale of seniors housing investment real estate. He has handled $1.1 billion in transactions for Marcus & Millichap.

Seth Barnett Moves Up to Senior Associate in Detroit Office
DETROIT, MI – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Seth Barnett (lower right photo) as a senior associate, according to Jonathan Dwoskin (lower left photo), regional manager of the Detroit office.

Barnett previously held the title of associate.

As a member of Marcus & Millichap’s Affordable Housing Advisors, Barnett works with investors on project-based Section 8 multifamily transactions nationwide. In all, Barnett has participated in arranged the sale of 4,500 apartment units in 17 states valued in excess of $100 million.

Barnett joined Marcus & Millichap in 2006. He is a member of the National Multi-Housing Council (NMHC) and supports the Institute for Responsible Housing Preservation (IRHP) and National Leased Housing Association (NLHA).

Barnett received his Bachelor of Science in finance from Michigan State University.

Ryan DeMar Named Regional Manager of Sacramento Office

SACRAMENTO, CA–Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Ryan DeMar (bottom  right photo) regional manager of the firm’s Sacramento office, according to John J. Kerin (bottom  left photo), president and chief executive officer.

“As sales manager of the Sacramento office, Ryan has demonstrated his expertise in expanding our national market-making capabilities to clients throughout Northern California,” says Kerin. “As regional manager, he will continue to expand the Sacramento office and to provide leadership and support to our investment professionals.”

DeMar began his career with Marcus & Millichap in July 2003 as an agent in the Sacramento office. He became a senior associate in July 2006, was promoted to associate vice president investments in January 2008 and became a vice president investments in July 2009. He has been the sales manager of the Sacramento office since August 2010.

DeMar received a Bachelor of Science degree in managerial economics from the University of California, Davis.

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