CA Ventures and The Habitat Company Announce Partnership to Manage and Expand $600 Million Apartment Portfolio

Tom Scott

CHICAGO, IL (June 8, 2016) — CA Residential LLC, the multifamily investment and development division of CA Ventures, together with The Habitat Company today announced the launch of a programmatic partnership through which Habitat will assume management of a five-building, 1,215-unit apartment portfolio owned by CA.

 In addition, the Chicago-based firms will draw on more than half a century of collective experience in the multifamily sector to pursue co-development and investment opportunities in select markets throughout the U.S., targeting properties between $40 million and $120 million. 

“Since our inception, we have worked tirelessly to unearth opportunity in niche markets – both geographically and in various sectors of commercial real estate – where few other developers have thought to look,” said Tom Scott, CEO of CA Ventures.

“Our strategic alliance with The Habitat Company is one of many relationships we’ve established along the way and will supplement our development and investment expertise with high-quality development experience and the best-in-class management services for which Habitat has been known for the past 45 years.”

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

Sara Williams, swilliams@taylorjohnson.com, 312-267-4510

Kim Manning, kmanning@taylorjohnson.com, 312- 267-4527

Wyndham Hotel Group Unveils Strategic Global Transformation Across 16 Brands

  

 

Josh Lesnick

PARSIPPANY, NJ  (June 8, 2016) -- Wyndham Hotel Group (WHG), the world’s most diverse and largest hotel company based on number of hotels, today unveiled its vision for the democratization of travel, bringing the hospitality industry one step closer to providing great value and quality experiences at every price point.

WHG’s roadmap for the strategic transformation of its iconic brands is aimed at elevating the travel experience for millennials and the diverse global middle class.

The product of an 18-month study focused on 50 recognized hotel brands along with the primary decision drivers of thousands of business and leisure travelers around the world, WHG’s global transformation will reposition and revitalize its 16 economy, midscale and upscale brands to meet the needs of travelers regardless of their budget or traveling style.

From rejuvenated interiors and refreshed marketing campaigns to enhanced perks targeted to the kinds of travelers each brand welcomes, guests will begin to see changes throughout WHG as early as summer 2016. (For a complete overview of the transformations underway, click here).

“We believe travel is about creating lasting memories, but given what’s currently available in the market, travelers are forced to compromise enriching experiences because of price,” said Josh Lesnick, WHG’s chief marketing officer.

“It’s time for the hospitality industry to get democratization right – it’s not just about value for money, it’s about the freedom to explore your world the way you want. Wyndham Hotel Group’s transformation enables that freedom.”

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

Gabriella Chiera

Wyndham Hotel Group

+1 (973) 753-6590

gabriella.chiera@wyn.com

Mortgage Bankers Association Announces Nomination of CMG Financial’s Christopher M. George to be 2017 Vice Chairman

Christopher M. Geroge

Washington, DC (June 8, 2016) –Today, the Mortgage Bankers Association (MBA) announced the nomination of Christopher M. George, president and CEO of CMG Financial based in San Ramon, CA, to be its Vice Chairman for the 2017 membership year. 

He will be elected by MBA members at the Association's 103rd Annual Convention, which will be held this October in Boston, Massachusetts.

"I am extremely pleased to announce the nomination of Chris George to be MBA’s 2017 Vice Chairman," said MBA Chairman Bill Emerson. 

“Chris has held leadership roles within MBA and the California MBA in recent years, and his experience in these positions, as well as his knowledge and understanding of the industry, will help him serve our diverse membership and their broad range of issues.”

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

Rob Van Raaphorst

rvanraaphorst@mba.org

(202) 557-2799 

Berger Commercial Realty Facilitates Sale of West Palm Beach Multi-Family Property for $319,000

Judy Dolan

FORT LAUDERDALE, Fl, (June 8, 2016) - Berger Commercial Realty Senior Vice President Judy Dolan recently represented HMP Properties, Inc. in the sale of a multi-family property in West Palm Beach to 3900 Gyn Oak, LLC for $319,000.

 Located at 800 54th Street, the 4,997-square-foot property consists of three triplexes, featuring three one-bedroom, one-bathroom units each. Of the nine total units, two are currently vacant, bringing the property's occupancy rate to 78 percent.

"It's rare that this kind of property is put on the market in West Palm Beach, particularly in such a strong multi-family rental neighborhood," Dolan said. "With a majority of units already rented, the property is an ideal investment opportunity for Gyn Oak."

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

954-776-1999

Lexi Robinson, ext. 255, lrobinson@piersongrant.com

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

NAI Realvest Negotiates New Lease with Starbucks at former Long Johns Silvers Restaurant in Pinellas Park, FL

Kimberly Manson

Pinellas Park, FL -- The NAI Realvest broker team of Jeff Tanner and Kim Manson recently completed a long-term lease agreement with Seattle-based Starbucks for the former Long John Silvers restaurant at 7299 N. Park Blvd. in Pinellas Park.

Manson and Tanner negotiated the lease of the 2,960 square foot free-standing restaurant building with drive-through on behalf of the landlord, LOP Pinellas, LLC a Florida Limited Liability Company. 

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

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