Wednesday, August 10, 2016

Meridian Capital Group Arranges $13.2 Million in Permanent Financing for the Purchase of an Office Property Located in Miami, FL

Noam Kaminetzky
New York, NY, Aug. 10, 2016,  – Meridian Capital Group, America’s most active debt broker, arranged $13.2 million in permanent financing for Arkadia Property Group to purchase an office property located in Miami, FL.

The ten-year loan, provided by a local lender, features an initial fixed rate of 4.25%. This transaction was negotiated by Meridian Managing Director, Noam Kaminetzky, who is based in the Company’s Boca Raton, FL office.

The property, Courthouse East, is located at 22 NW 1st Street in Miami, FL. The four-story, 56,025 square foot building is occupied by a single tenant who has a lease expiring in less than five years. 

Courthouse East is occupied by notable tenant, Miami-Dade County, who has some very challenging clauses in the lease, which are standard amongst government tenants.

“Because this lease is expiring in less than five years and had a number of unique and complex elements that were challenging, yet typical of government leases, some of the lenders we were approached shied away from the deal,” explained Mr. Kaminetzky.

“However, Meridian was able to demonstrate the strength of the deal and leverage its relationship with a local lender to obtain the financing,” he added. “We believe that this is the beginning of a strong relationship between Meridian and Arkadia Property Group, an innovative investment and development organization. We look forward to working on many more deals together in the near future.”

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

Jonathan Stern
Meridian Capital Group

Chatham Lodging Announces Monthly Dividend

WEST PALM BEACH, FL,  Aug. 10, 2016—Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 133 hotels wholly or through joint ventures, today announced that its board of trustees has declared a monthly common share dividend of $0.11 for August 2016.  

The common dividend is payable September 30, 2016, to shareholders of record on August 31, 2016.

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

Patrick Daly
Office Manager
Daly Gray Public Relations Inc.
620 Herndon Parkway, Suite 115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-300-8289

Graycor Construction Co. Promotes Kyle Walker and Geovanni Villalta to Senior Project Manager in Phoenix, AZ

Kyle Walker
PHOENIX, AZ, Aug.10, 2016 – The Southwest division of Graycor Construction Company has promoted Kyle Walker and Geovanni Villalta to the position of senior project manager – a move indicative of the company’s focus on growing its footprint of professionals in the Southwest and fully capitalizing on Graycor’s national platform and capabilities.

As Senior Project Managers, Walker and Villalta are responsible for cultivating client relationships and overseeing the execution of key construction projects, including major office, retail and mixed-use development, hospitality, tenant improvements and industrial facilities including distribution centers, manufacturing and cold storage.

“With more than 30 full-time employees, we have a deep bench of experts in the Southwest who are eager to build on their already strong understanding of the industry,” said Todd Ostransky, Graycor Construction Company General Manager – Southwest Division.

“Kyle and Geovanni are great examples of this core of experts. Recognizing and encouraging their dedication is one of the best ways we can continue to develop our people, resulting in superior services to our regional clients.”

Since joining Graycor in 2013, Walker has been integral in the development of ALDI Regional Headquarters and Distribution Center in Moreno Valley, California, Red Hook Academy in Las Vegas and Chandler Crossroads in Chandler, Arizona. He is currently managing the distribution center expansion and preconstruction for the LaPour Camelback Collective project, both in Phoenix.

Giovanni Villalta
Villalta has worked for Graycor since 2011, most recently completing East Valley Commerce Center and the FedEx Ground distribution warehouse, both in Chandler, Arizona. Villalta is currently managing the development of Liberty Logistics Center II and the Bath and Body Works distribution center, both in Phoenix.

The promotions underscore Graycor’s strategic market expansion, which was initiated in April with an official name change to Graycor Construction Company and the relocation of its Southwest regional office to Washington and 44th streets in Phoenix.

The Phoenix team provides industrial and commercial construction services, including tenant improvement, and is rapidly growing its pipeline in the office, retail and hospitality arenas – a strategic move that maximizes the value of Graycor’s national platform.

Nationally, Graycor represents 95 years of building experience and employs more than 1,500 construction experts.

 Locally, the Graycor legacy extends over more than three decades, with a portfolio including Chandler Airport Center, AMC Esplanade Fork and Screen Conversion, Buckeye Logistics Center (including 600,000 square feet for, JW Marriott Hotels & Resorts Camelback Inn Renovation, Salvation Army Southwest Divisional Headquarters  and women’s shelter, FedEx Chandler Distribution Center, Home Depot Distribution Center, Mountain Vista Medical Office Building, and Sunrise Assisted Living of Chandler.

Tenant improvement and interior deliveries include Davis at Hayden Ferry Lakeside,, InEight Hard Dollar and Southland Engineering at Papago Buttes, named among the Top 10 Offices in Arizona by AZRE Magazine.

For more information on Graycor’s capabilities or to discuss project opportunities in the Southwest market, please contact Jennifer Delaporte, Business Development Manager, at 480.889.7680 or

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

Stacey Hershauer
Marketing & Public Relations
(480) 600-0195