CBRE's Philip D. Voorhees and NRP-West Team Complete $13.30 Million Silver Lake Collection Sale

                 

Megan Wood

LOS ANGELES, CA, Jan. 26, 2017 –  CBRE Executive Vice President Philip D. Voorhees announced today that he and his National Retail Partners – West (NRP-West) team completed the sale of Silver Lake Collection, 10,497 square-feet of urban street-front in the Silver Lake enclave in the city of Los Angeles, Calif.

Situated in “Sunset Junction,” the property is 100% leased to three contemporary restaurant and beverage tenants. The sale price was $13.30 million.

Phillip D. Voorhees

CBRE’s retail investment experts Voorhees, Todd Goodman, Preston Fetrow, Kirk Brummer, Megan Wood, Matt Burson, Jimmy Slusher and John Read, represented the seller, 9 Mile Investments, a Los Angeles-based real estate development company.

The buyer, also represented by CBRE’s NRP-West, was a subsidiary of Strategic Realty Trust, Inc., a San Mateo-based real estate investment trust who acquired the Silver Lake Collection as an addition to its portfolio of urban, street retail properties.

Silver Lake Collection, Silver Lake District, Los Angeles, CA

According to Voorhees, the CBRE team’s marketing system distributed more than 464 offering memoranda to investors and brokers, and through the team’s "managed bid" offer process, generated nine offers to purchase the property."Conventional, street-front retail projects like The Silver Lake Collection have long been a favorite for our team.

 The property’s high-performing restaurants not only anchor the project but the neighborhood, making the property an integral part of the community," said Voorhees.

Todd Goodman

"Silver Lake emerged as among the hottest neighborhoods in LA over the past two to three years, and rental rates have followed,” Voorhees noted. “By all indications, popular restaurants Sawyer, Kettle Black and El Condor thrive at this property.

”CBRE expects The Silver Lake Collections’ high-water $1,300 per-square-foot sale price will feel like a value for this sort of one-of-a-kind asset and location in Silver Lake over the next several years."

Originally built in 1934 and 1940, the building was remodeled in 2016 with a total tenant and landlord cost exceeding $2.55 million and consists of two parcels on a 0.36-acre site along Sunset Blvd., which is one of the trade area’s primary arterials. The property was 100% occupied at the time of the sale.

In 2015, the NRP-West team, formerly known as National Retail Investment Group - West (NRIG-West), was CBRE’s #1 retail investment team nationally with a total transaction volume exceeding $940 million in 63 transactions, encompassing 88 properties, totaling more than four million square feet in size.

With this closing, CBRE's NRP-West team has closed 205 transactions since the start of 2012 for a total consideration of $3.7 billion. In total, the NRP-West team has listed and sold more than $9.7 billion in retail transactions.

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

Anne Monaghan                                  

Monaghan Communications                                                                                    

830.997.0963                                      

NAIOP SoCal Appoints 2017 Executive Committee and Board of Directors

Lance Ryan

Costa Mesa, CA – NAIOP SoCal, the leading organization for developers, owners and investors of office, industrial, retail and mixed-use real estate, welcomes its 2017 Executive Committee and Board of Directors, encompassing a diverse collection of commercial real estate leadership.

The 2017 NAIOP SoCal Executive Committee is led by President Lance Ryan, Watson Land Company; President-Elect and Sponsorship Chair James V. Camp, Rockefeller Group; Vice President and Sponsorship Vice Chair Jeff Moore, CBRE; Treasurer and Real Estate Challenge Advisor Pamela L. Westhoff, Sheppard Mullin Richter & Hampton; Secretary and I.Con Chair Rob Antrobius, Prologis; Programs and Education Liaison Alison Vukovich, LBA Realty; and Past President Kevin Jennings, Bank of America Merrill Lynch.

Pamela Westhoff

“Our NAIOP chapter is one of the largest in the nation and represents an exciting, creative and vital market. It is an honor to lead such an important organization that operates at the heart of it and works, through our board and membership, to provide critical business development, forward-looking education and legislative policy advocacy that supports commercial real estate,” said Ryan.

Alison Vukovich

Some of the chapter’s focus areas for 2017 will include:

·       Continued support for the next generation of industry professionals through Young Professionals Group (YPG). Each year, a select group of 35 real estate professionals unite to take part in the twelve-month, seventy-hour course designed to educate, develop, connect and elevate the commercial real estate industry’s emerging leaders. In 2017, YPG will grow to more than 400 alumni.

James V. Camp

·       Plan and promote industry-leading events such as Night at the Fights and the USC vs UCLA Real Estate Challenge.

·       Play a key role at the local, state and federal levels of government to represent a unified voice to protect and enhance the commercial real estate industry

The balance of NAIOP SoCal’s 2017 Board of Directors includes: Angela Azizian, Wells Fargo Bank; Kevin Burkhalter, Walker & Dunlop; John Casasante, Deutsche Asset Management; Drew Emmel, Allen Matkins; Ryan Gallagher, HFF, LLP; Aaron Hill, Bixby Land Company; Eric Hinkelman, Voit Real Estate Services; Mike Hodges, Irvine Company Office Properties; Fran Inman, Majestic Realty Co.;

 

Jeff Moore

 Kevin Ivey, KPRS Construction Services, Inc.; Ryan Jones, Panattoni Development Company; Lillian Kuo, Shea Properties; Patrick Maloney, Circle Industrial; Mark Mattis, PMRG; Gregory May, Newmark Grubb Knight Frank; Tom McAndrews, Tiarna Real Estate Services; Justin McCusker, C.J. Segerstrom & Sons; Jim McFadden, Cushman & Wakefield; Scott McPherson, U.S. Bank; Parke Miller, Lincoln Property Company;

Zach Niles, JLL; Susan Orloff, Ryan; Steve Pearson, DAUM Commercial Real Estate Services; John Premac, Chicago Title Company; Rodney Richerson, KBS; Spencer Rose, Equity Office; David Rowley, Colliers International; Scott San Filippo, Praelium Commercial Real Estate; Brad Schmitt, Savills Studley; Todd Tydlaska, CBRE; Stephane M. Wandel, The Boeing Company; and Clark Welton, EY.

Lillian Kuo

NAIOP SoCal is a chapter of NAIOP, the Commercial Real Estate Development Association, and it comprises more than 1,000 members serving the counties of Los Angeles and Orange. 

NAIOP is the leading organization for developers, owners and related professionals in office, industrial and mixed use real estate, with over 18,500 members in North America.

 NAIOP advances responsible commercial real estate development and advocates for effective public policy.  For more information, visitwww.naiopsocal.org.

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

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

Megatel Capital Investment Announces Expansion of Sales Team with Hire of Jennifer Middaugh and Ron Rodriguez as regional vice presidents

   

Jennifer Middaugh

 DALLAS, TX – Megatel Capital Investment, the capital markets division of Megatel Homes, announced today that the company has hired industry veterans Jennifer Middaugh and Ron Rodriguez as regional vice presidents. 

“Jennifer and Ron each bring with them an impressive roster of accomplishments in the financial services industry,” said Richard Arnitz, president of Megatel Capital Investment.

Ron Rodriguez

“Jennifer will oversee our sales efforts in the Eastern region and Ron in the Central region, marketing to financial advisors and registered investment advisors primarily through the independent broker-dealer channel. Michael Roman will continue overseeing the Western region.”

“We are excited to add these two talented industry professionals to our growing team,” said Trey Hoppe, executive vice president and national sales director. “They will support Megatel’s strategic growth initiatives as we both expand regionally and develop new investment offerings.”

Richard Arnitz

Middaugh has more than 15 years of experience in alternative investing and financial strategies. She has been instrumental in launching several new investment products with independent broker-dealers and registered investment advisor channels.

 Prior to joining Megatel, Middaugh was with Provasi Capital Partners, Griffin Capital, United Development Funding and CNL Financial Group.

Rodriguez brings 29 years of industry experience to his role with Megatel, having worked for much of his career as a successful financial advisor. 

Prior to joining Megatel, he was with Stadion Money Management, Grubb & Ellis, Griffin Capital Securities, Resource Securities and Realty Capital Securities, where he successfully helped to raise equity for actively managed mutual funds, separately managed accounts, non-traded real estate investment trusts, non-traded business development companies and interval funds. 

Middaugh earned her bachelor of science degree in business and management from the University of Maryland College of Business and Management and a master’s of leadership degree from Georgetown University McDonough School of Business. She currently holds her FINRA Series 7 and 63 securities licenses.*

  

Michael Roman

Rodriguez attended San Antonio College and the University of Texas at San Antonio. He completed a 10-month CFP® Educational Certification Program and currently holds his FINRA Series 7, 63 and 65 licenses.*

 Megatel Capital Investment is the capital markets division of Megatel Homes Inc. Megatel Capital Investment funds help fuel the construction of homes built by Megatel as an additional source of construction financing.

Founded in 2006, Megatel Homes has emerged as one of the most successful homebuilders in the state of Texas. The company has had considerable growth, with more than 100 developments, consisting of 2,700 homes, since its founding. The Dallas Business Journal recently ranked the company third in North Texas homebuilders based on local housing starts in 2014.

*Middaugh and Rodriguez currently hold their licenses with Emerson Equity LLC, a FINRA-registered broker-dealer and member FINRA/SIPC. Emerson Equity is the managing broker-dealer for Megatel offerings, but is not affiliated.

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

Jill Swartz

Spotlight Marketing Communications

949.427.5172, ext. 701

jill@spotlightmarcom.com