Friday, March 23, 2018

Marcus & Millichap Promotes Justin W. West to Vice President and Regional Manager for Orlando and Jacksonville, FL Markets

Justin W. West
ORLANDO, FL and  JACKSONVILLE, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has elected Justin W. West vice president of the Orlando and Jacksonville offices. 

“Justin brings extensive knowledge and experience to the position of vice president gained from his time as a successful sales agent and in his tenure in management roles with the firm,” says Bryn Merrey, Marcus & Millichap’s senior vice president and division manager of the Mid-Atlantic and Southeast region. “He is and will continue to be a great resource for our clients and agents in both offices.”

Bryn Merrey
Mr. West joined the firm in February 2010. After serving as a successful office and industrial agent in Central Florida, West joined the management team in 2013 as the Regional Manager of the Orlando office.

Prior to joining Marcus & Millichap, Justin was Managing Partner at West Commercial Real Estate Advisors. He began his real estate career with Duke Realty Corporation as a leasing and development representative for the Orlando Office Group.
West is a graduate of Rollins College, Winter Park, FL, with a bachelor’s degree in organizational communication. In his spare time, West currently serves on the University of Florida Bergstrom Real Estate Advisory Board, the University of Central Florida Real Estate Board, Programs Committee Member for NAIOP Central Florida, volunteer Coach for ST. Luke’s Youth Basketball and Coach for Winter Garden Little League.

 For more information, please contact:
Ocea Huggins
Operations Manager – Orlando and Jacksonville Marcus & Millichap
300 South Orange Avenue
Suite 700
Orlando, FL 32801
(407) 557-3840 direct
(407) 557-3800 main
(407) 927-0313 mobile
(407) 557-3810 fax
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HFF announces €110MM financing for the acquisition and redevelopment of Ikos Andalusia in Costa del Sol, Spain

Edward Daubeney
LONDON, ENGLAND –– HFF Real Estate Limited (HFF) announces the €110 million first mortgage financing for the acquisition and redevelopment of Ikos Andalusia, a 400-key, luxury seafront resort in Andalusia’s coastal area of Estepona, Spain.

The HFF team worked on behalf of the borrower, Ikos International, to place the five-year, floating-rate loan with Starwood European Finance Partners Limited, an affiliate of Starwood Capital Group.

Loan proceeds will be used to acquire an existing hotel and institute a property improvement plan that includes reconstructing and refurbishing all existing hotel rooms, enhancing the arrival and lobby experience, expanding and repurposing the public spaces and rebranding the asset to the Infinite Lifestyle concept of the Ikos Resorts brand.

Andreadis Andreas
Created only three years ago, Ikos Resorts is an innovative owner-operator of luxury all-inclusive resorts throughout the Mediterranean that currently manages two operating properties in Greece with two others being delivered in May 2018 and May 2019, respectively. 

 Ikos Resorts’ existing properties, Ikos Oceania and Ikos Olivia, have been ranked No. 1 and No. 3 best all-inclusive resorts in the world in 2017 according to TripAdvisor and are also ranked as the top two all-inclusive resorts in the Mediterranean.  Ikos Andalusia, which will be the fifth hotel within the Ikos Resorts’ platform, is the venture’s inaugural resort in Spain. 

The HFF debt placement team representing the borrower included director Brad Greenway and managing director Edward Daubeney.

Mathieu Guillemin
“As HFF continues to strategically grow our platform across Western Europe with the completion of our first transaction in the Spanish market, we have been fortunate to work in partnership with best-in-class owners and operators of commercial real estate,” Greenway said. 

“Ikos Resorts are market leaders within the hospitality space in Europe, and HFF is very excited to be a part of their continued global growth,” Daubeney added.

“HFF has supported us very effectively at a decisive moment in our development,” said Andreas Andreadis and Mathieu Guillemin, managing partners of Ikos International.  “They have assisted us in raising competitive and flexible financing with Starwood whom we believe will be a strong long-term partner throughout our future developments.”

 For more information, please contact:

HFF Digital Content/Public Relations Specialist
(713) 852-3420

Hold-Thyssen Completes New Multi-Year Lease Agreements at West Orlando Retail Centers

N. Joelle Forster

Martin Forster
Orlando / Winter Park, FL - Hold-Thyssen, Inc., a full service commercial real estate services firm based in Winter Park, recently negotiated two new lease agreements at retail centers on Silver Star Rd. and W. Colonial Drive in West Orlando totaling 7,759rentable square feet.

Hold-Thyssen Leasing Associate Alex Rowlinson brokered a lease on behalf of the south Florida investor / landlord at 5396 Silver Star Rd.  The new tenant leasing 6,507 square feet of space is City Reach Orlando, a ministry and Christian outreach group.  

The Hold-Thyssen leasing team of Martin Forster CCIM and N. Joelle Forster represented Landlord New Orlando Team Corp in the lease of 1,252 square feet at 6801-6897 W. Colonial Drive in the Hiawassee Plaza.  The new tenant is Inspire Christian Academy.  

Alex Rowlinson
Hold-Thyssen provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

 For more information, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142

AEI Consultants Completes Campus-Wide Facilities Assessment for University of Alabama

University of Alabama campus, Tuscaloosa, AL

            Tuscaloosa, AL – AEI Consultants, a leading commercial real estate assessment and consulting firm, has completed a full facilities condition assessment on the University of Alabama campus, consisting of 168 buildings totaling more than 10 million square feet of institutional properties. The campus-wide project includes academic teaching and office facilities, residential dormitories, and operational buildings as well as sports stadiums and complexes.
            The educational institution, which is ranked among the top 60 public universities in the nation, retained AEI to assess and analyze the entire campus and deliver an in-depth capital improvement plan for the university.
            “The higher education landscape continues to demand renovations and improvements that align with today’s innovations in learning and campus life,” says Holly Neber, CEO of AEI Consultants. “The challenge for higher education is how to prioritize and budget for capital investment in their facilities and infrastructure. This is the value that AEI is able to deliver.

Holly Neber

         "By partnering with the University of Alabama in this assessment, we were able to generate an extensive capital needs plan comprised of estimated costs for necessary investment in facility assets that are categorized by importance.”
The facility condition assessments cover not only the condition of building systems, but also includes the bar coding of key building operation equipment in each building. Each public access building is also reviewed for ADA compliance. AEI also offered energy enhancement recommendations for building envelope and building systems for the university to consider.
            This prioritization will be essential in the implementation of a campus-wide strategic improvement plan, according to Neber, who notes that AEI will work closely with the university to launch and implement this plan in 2018.
            This will allow the university’s facilities department to coordinate system critical budget priorities with the university’s governing bodies to provide funding for these strategic initiatives.

Kyle Christiansen
            “The key to asset management for university campuses is identifying critical needs for immediate repair as well as outlining specific timeframes regarding system refurbishment, replacement, or upgrade,” says Kyle Christiansen, Vice President – Capital Planning at AEI. “By investing first in a comprehensive asset assessment and capital plan, the University will be able to save costs and increase efficiency over the life of their facilities.”
                       AEI’s full facilities condition assessment and capital plan will be complete in July 2018. 

For more information, please contact:

Jordan Kruk / Elisabeth Manville
Brower Group
(949) 955-7940