Monday, December 3, 2018

NAIOP South Florida Announces Officers of the 2019 Board of Directors


Darcie Lunsford
NAIOP South Florida Board of Directors President
and Butters Realty & Management Executive Vice President 

FORT LAUDERDALE, FL (Dec. 3, 2018) – NAIOP South Florida, a Commercial Real Estate Development Organization, has announced the following officers and executive committee for its 2019 Board of Directors:

·         President: Butters Realty & Management Executive Vice President and Director of Office Leasing Darcie Lunsford
·         President-Elect: Duke Realty Vice President Stephanie Rodriguez
·         Secretary: Legacy Bank of Florida Senior Vice President of Commercial Lending Patricia Bedley
·         Treasurer: Raymond James Financial Advisor Marc Kopelman

Stephanie Rodriguez
“It is an honor to serve the commercial real estate industry in the esteemed capacity of NAIOP South Florida president,” Lunsford said. “My mission will be to foster our region’s collegial and highly professional commercial real estate environment, where relationships lead to deals among members and sharing of best practices in the development, leasing and sale of commercial assets.

"Additionally, I aim to raise broad public awareness about the vital economic importance of Florida’s $19.3 billion commercial real estate sector, which puts more than 155,000 Floridians to work every day.”   

Patricia Bedley
Executive committee members are:

  •  City National Bank Managing Senior Vice President Susan Imbrigiotta; 
  • Stiles Portfolio Manager Kyle Jones; 
  • Bridge Development Partners Vice President Brian Latta; 
  • Avison Young Principal Greg Martin; 
  • Miller Construction Company Senior Vice President TraciMiller;
  •  Marcus & Millichap Vice President and Regional Manager Ryan Nee.
  • Heidi Davis-Knapik of Gunster, Yoakley & Stewart, P.A. is immediate past-president.
Lauren Pace
“We are thrilled to dive into 2019 with such incredible board leadership,” said NAIOP South Florida Executive Director Jules R. Morgan. “We look forward to further enhancing our programming and revitalizing our advocacy efforts, providing our membership and the overall commercial real estate industry with valuable networking and business opportunities as well as important public policy.”

Jules R. Morgan
2019 Board of Directors members are:


·         Berger Commercial Realty President and CEO Lloyd Berger;
·         Brody & Associates Managing Shareholder Evan Brody;
·         Ciminelli Real Estate Services of Florida Managing Director Marty Busekrus;
·         Risk Strategies Company Senior Vice President Dan Cioci;
·         Grover Corlew Principal Mark Corlew, who will also serve on the 2019 NAIOP National Board of Directors;
·         FirstPointe Advisors Managing Partner Brian DePotter;
·         Marcus & Millichap First Vice President C. Todd Everett;
·         Genet Property Group President Ben Genet;
·         Blanca Commercial Real Estate Managing Director and Vice Chairman John Guitar;
·         Procacci Development Corporation CFO Alex Gulick;
·         Workspace Property Trust Director of Leasing Jonathan Guffey;
·         GFA International President Fred Kaub;
·         Colliers International South Florida Executive Managing Director Ken Krasnow;
·         Stiles President Paul Marko;
·         Sunbeam Properties & Development Leasing Associate Lauren Pace;
·         CBRE First Vice President Michael Silver;
·         Tower Commercial Real Estate Senior Managing Director Stephen Smith;
·         Current Builders President Michael Taylor; and
·         Cushman & Wakefield Executive Director Christopher Thomson.  

Adele Stone

The 2019 Board of Directors also includes an active Emeritus Board, which consists of: 
  • Stiles Corporation Vice Chairman Doug Eagon; 
  • Colliers International Executive Vice President John Geisen; 
  • Alice Lucia-Jackson, who recently retired from JLL as senior vice president; 
  • Miller Construction Company President Harley W. Miller; 
  • Liberty Property Trust Vice President Andy Petry; 
  • Stearns Weaver Miller Weissler Alhadeff & 
  • Sitterson Shareholder George A. Pincus; 
  • Akerman LPP Managing Partner Eric D. Rapkin; 
  • Avison Young Principal and Managing Director Pike Rowley; 
  • Sharpe Project Developments, Inc. President Orlando Sharpe;
  •  Buchanan Ingersoll & Rooney PC Shareholder Adele Stone; 
  • and Avison Young Senior Vice President Eric Swanson.
Heidi Davis-Knapik
  • For more information about NAIOP South Florida, visit naiopsfl.org.

NAIOP South Florida is the largest chapter of NAIOP in the state. With more than 350 members representing constituents in Miami-Dade, Broward, Palm Beach, Martin and St. Lucie counties, the chapter is the leading commercial real estate development organization in the region. 

NAIOP supports commercial real estate professionals with advocacy, education and business opportunities and connects its members through a powerful North American network.

 For more information, visit naiopsfl.org.

Marc Kopelman

NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate. 

NAIOP comprises 19,000 members in North America. NAIOP advances responsible commercial real estate development and advocates for effective public policy. 

For more information, visit naiop.org.

CONTACT:

954-776-1999
Pierson Grant Public Relations
Lexi Robinson, ext. 255


Trez Forman Capital Group Provides $59 Million Construction Loan for Power Retail Center near Dallas, TX


Rendering of planned Shops at Broad, 1701 East Broad Street, Mansfield, TX

Mansfield, TX and Palm Beach, FL -- Trez Forman Capital Group has closed on a $59.35 million construction loan that will be used to fund construction of a power retail center in Mansfield, Texas, a rapidly growing city that is part of the Dallas/Ft. Worth metro area.

The 193,825 square foot Shops at Broad is slated to be developed on 58 acres of vacant land at 1701 East Broad Street. The Center will be anchored by Belk, TJ Maxx and Aldi.  Starbucks, Five Guys, and FLIX Brewhouse have also signed on as tenants. Eleven other outparcels are also approved for development.

Russ Holland
This project is moving forward just as two adjacent commercial pads opened up: a retail center anchored by an At Home and Academy Sports, and a public ice rink affiliated with the Dallas Stars called the Star Center.  

A third adjacent tract is being developed with a 330-unit Class A apartment community.  Contiguous to the Shops at Broad is a Fieldhouse USA already in place.

“We loved this deal because the developer is creating a destination center in an area is undergoing a commercial building boom to satisfy a pent up demand for quality retail/restaurants,” said Brett Forman, President/CEO of Trez Forman.

 “The Star Center and fieldhouse alone are expected to attract more than 1.5 million visitors a year which will deliver traffic to our client’s tenants.”

The $59 million loan was arranged by Forman and Trez Forman Managing Director, Russ Holland.  The loan’s sponsor is Clarke Coole of Geyer Morris who was advised by Will James of NorthMarq Capital.

Will James


For Trez Forman, a joint venture formed in 2016 by Palm Beach-based Forman Capital and Vancouver-based Trez Capital Group - one of Canada’s largest private commercial mortgage lenders, the latest activity continues the momentum from a busy year. 

 The venture is on track to close more than a $500 million in deals in 2018.

Trez Forman provides commercial bridge loans for development and construction, and senior stretch financing starting at $5 million.

It also offers private and institutional investors equity investment opportunities in a variety of funds and assets.
                                                 
 CONTACTS: 

Todd Templin
Executive Vice President
BoardroomPR
O 954-370-8999
C 954-290-0810

Bank of America Plaza | 1776 N Pine Island Rd
Suite 320 | Fort Lauderdale, FL 33322



Trez Forman Capital Group Expands Into New York with Astoria Construction Loan


Rendering of planned apartments at 30-38 29th Street,
Astoria neighborhood, Queens, NY

Palm Beach, FL and Astoria, Queens, NY ––Trez Forman Capital Group continued its successful year by completing its first transaction in New York. The private lender closed a construction loan for a multifamily redevelopment in the Queens neighborhood of Astoria.

The nearly $7 million loan will fund the construction of a 20-unit luxury rental building at 30-38 29th St. A condemned single-family home is presently located on the property.

Brett Forman
Trez Forman President and CEO Brett Forman arranged the deal, which closed on Nov. 20.

“We are thrilled to successfully expand into New York through this transaction,” said Forman. “Our team is aggressively monitoring the market for additional opportunities in New York and throughout the tri-state area.”

The Astoria luxury apartment building will have various cutting-edge amenities, such as a virtual doorman and package locker – a feature that should be in heavy demand as Amazon opens a brand-new headquarters in Queens. 

Other features include a roof deck, on-site storage cages, bike storage, laundry facilities and 10 underground parking spaces.
Individual units will have wood floors, quartz countertops, stainless steel appliances and high ceilings.

For Trez Forman, a joint venture formed in 2016 by Palm Beach-based Forman Capital and Vancouver-based Trez Capital Group - one of Canada’s largest private commercial mortgage lenders, the latest activity continues the momentum from a busy first 10 months of the year. The venture is on track to close more than a $500 million in deals in 2018.


CONTACTS: 

Eric Kalis
Account Director, BoardroomPR
O 954-370-8999
C 305-794-5123
Bank of America Plaza | 1776 N Pine Island Road

29th Street Capital Expands, Acquires Southglenn Place Apartments in Centennial, CO

Southglenn Place Apartments, Centennial, CO
Centennial, CO – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Southglenn Place Apartments, a 135-unit multifamily community located in Centennial, Colorado. 29SC plans to invest over $1.6 million in capital improvements. 


“Southglenn Place is a value-add property in a true Class A location,” said Jay Neal, 29SC’s Senior Vice President of Acquisitions in the Rocky Mountain area. “The Centennial submarket has limited apartment supply and high barriers to entry, which make it especially receptive to value-add improvements.”


The property will be modernized and improved to appeal to the affluent millennial resident base attracted to living near many daily conveniences and conscious of the high prices prevalent in downtown Denver, which is 15 miles away. Centennial is just a few blocks from University Blvd., which provides convenient access to the downtown metropolitan area and surrounding suburbs.

Jay Neal
29SC will provide new stainless steel appliances, granite countertops, flooring, cabinet fronts and a modern paint scheme.

 The community will also receive a new grilling and fire pit area. Exterior renovations will focus on paint, new signage and energy-efficient windows.

U.S. News and World Report recently ranked the Denver metro area as the #1 Best Economy as a result of its continuously strong economic fundamentals.

The city is one of the most desirable post-college destinations for millennials and will continue to grow as a result. Annual employment growth for Denver was a healthy 2.5% in 2017 and continues to boost the economy. 

“Southglenn is close to The Streets of Southglenn,” Neal added. “The outdoor shopping center has popular restaurants and bars, a movie theater and several national retailers that greatly enhance our residents’ lives.”  

The transaction closed Nov. 28 The sale price and seller were not disclosed.

CONTACTS: 

MATTHEW PUTTERMAN
HFF Director
(713) 852-3500

OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3403