Tuesday, April 30, 2019

17th Annual Southern Lodging Summit Conference Scheduled for Aug. 27- 28 in Memphis, TN

Jane Cooper
MEMPHIS, TN —Officials of the Southern Lodging Summit (SLS), an annual hotel conference focusing on development and operations throughout the southern United States, announced it will host its annual conference August 27-28, 2019, in Memphis, Tenn. 

Mary Beth Cutshall
Confirmed Speakers include Mitch Patel, president & CEO, Vision Hospitality Group; Rick Pastorino, president, REVPAR International; Jane Cooper, president & COO, Herschend Family Entertainment; Mary Beth Cutshall, senior vice president/chief development officer, Hospitality Ventures Management Group; and Dianna Vaughanglobal head, all suites brands, Hilton.

Dianna Vaughan
Though regular entry costs $637, a discounted “Early Bird” rate of $597 runs through July 15, 2019.

“With the industry enjoying historic occupancy levels and near record rate growth, there is plenty for hoteliers to celebrate,” said Chuck Pinkowski, owner of Pinkowski & Company and conference co-founder.

Mitch Patel
 “The Southern Lodging Summit is the ideal venue for industry professionals to learn about what is hot today while simultaneously planning for tomorrow.  As we approach our 20th year, this conference seems as germane today, if not more so, than the year we started it.”

Now in its 17th year, the conference launches with the SLS’ signature Luncheon with the Speakers  at the world-famous Rendezvous BBQ Restaurant. 

Chuck Pinkowski
 Following the luncheon and afternoon activity, the opening day offers the “March of the Ducks” at the Peabody and an evening cocktail reception and epicurean dinner.  Day Two commences at the Memphis Cook Convention Center, kicking off with industry prognosticators STR and CBRE presenting past and current trends. 

Additional panels throughout the day will focus on CapEx, national/state legislative update, “visionary viewpoints” from industry leaders and “unbranding the brands,” where panelists will discuss independent and soft brands.

Rick Pastorino
Additionally, the conference hosts an online auction that is scheduled to run from August 1 through August 29, 2019.  Auction items include packages for hotels and resorts, trips, and unique, one-of-a-kind experiences.

Celebrating its 17th year, the Southern Lodging Summit was co-founded by Pinkowski & Company, an independent hotel industry consulting firm headquartered in Memphis, and Metropolitan Memphis Hotel & Lodging Association.

March of the Ducks, Peabody Hotel, Memphis, TN
 The hospitality industry event brings together hotel professionals who target the southern and mid-south region of the United States for development and operations. 

 The annual event draws a diverse group of owners, operators, sales executives, financial institutions, architects, attorneys, and hotel company representatives.


Chris Daly
 (703) 435-6293

Coloney Group of Fort Lauderdale Joins The Keyes Company

George Coloney

MIAMI, FL and FORT LAUDERDALE, FL,  April 30, 2019 – The Keyes Company has announced that the Fort Lauderdale-based Coloney Group, led by renowned businessman George Coloney, joined the real estate firm. The union was finalized at Coloney’s headquarters on Thursday, April 25.

Coloney Group has a dynamic and diverse team of about 30 agents who produce more than $70 million in annual sales volume. The team generates substantial transaction velocity on both the residential and commercial real estate side, specializing in Fort Lauderdale neighborhoods including Victoria Park.

Beth Patterson
As part of Keyes’ Fort Lauderdale office, led by District Sales Manager Beth Patterson, Coloney Group plans to move into the firm’s 1520 E. Sunrise Blvd. location. Until then, it continues to operate out of its existing office at 606 E. Broward Blvd.

“We are thrilled to welcome the talented agents of Coloney Group to our family,” said Keyes CEO Mike Pappas. “George has assembled and developed an incredible team that will undoubtedly add tremendous value to our Fort Lauderdale operation.”

Coloney has a five-decade history of building businesses nationally and internationally. Following his decorated service in the U.S. Marine Corps, Coloney embarked on a successful career in the life and health insurance industries, becoming a perennial leader for several major life insurance companies. In 1984, he created the largest privately held telecommunications company in the U.S.

Steve Reibel
Leveraging his unparalleled track record in sales and entrepreneurship, Coloney ventured into real estate and found success in land aggregation, commercial redevelopment and preconstruction opportunities.

“I have a deep admiration for the leadership at Keyes,” said Coloney. “I felt the firm’s independence and passion for serving its customers would fit perfectly with our team’s approach. Keyes provides substantial technology, marketing support and additional tools that our agents will greatly benefit from.”

The addition of Coloney Group continues a period of significant growth for Keyes. The firm continues to pursue opportunities to expand with top producers and independent brokerages seeking to benefit from its cutting-edge technology and integrated services.

Mike Pappas
“We remain active in looking for talented agents and strategic partners throughout South Florida,” said Steve Reibel, SVP of Keyes. “We are fortunate to have the infrastructure in place to help our agents thrive.”  

Keyes is the largest independently owned real estate firm in Florida and a Top 30-ranked firm in the entire United States, and is extremely active in luxury residential real estate. In 2018, Keyes generated $6.7 billion in real estate services across its Family of Companies.


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

Lincoln Property Closes on Long-Term Lease for Georgia Logistics Firm in Atlas Commerce Park in South Orlando, FL

Sean DuPree

ORLANDO , FL – Lincoln Property Company Southeast, a full service commercial real estate firm, recently closed a new long-term lease of the 9,300 square foot, free-standing warehouse building at 11262 Boggy Creek Rd. off Tradeport Drive by Orlando International Airport  
LPC Broker Sean DuPree, CCIM, negotiated the transaction on behalf of the tenant, International Auto Logistics, LLC, based in Saint Simons Island, Ga.
The fully fenced and gated facility on 2.53 acres within Atlas Commerce Park will be another IAL location for the vehicle shipping and long-term storage and maintenance services they provide to U.S. military and Dept. of Defense Personnel across the globe.
Paul G. Straubinger Jr.
Landlord Taft Holdings, Inc. of Seminole, Fla. was represented in the transaction by Paul Straubinger of Straubcos, LLC


Sean DuPree, CCIM, Broker, Lincoln Property Company
407-872-3500 sdupree@lpc.com

Beth Payan, Larry Vershel Communications Inc. Lvershelco@aol.com 
407-644-4142 or beth@larryvershel.com 407-461-3781

Most Expensive Apartments in Washington, DC

The Louis Apartments, U Street Corridor,
 Northwest Washington, DC
                                                                Photos courtesy of The Louis
                                                                                    Text by Michael Hochman
WASHINGTON, DC -- Washington D.C. is inhabited by titans of government and some of the most influential people in the world … temporarily. It's a city of transients and uprooted politicians living election to election.

But if you’re a high-priced power player looking for the best place to live for the duration of your stay in town, where would one find the most expensive Washington D.C. apartment?

Just north of the White House and Capitol Hill near the swanky neighborhoods of Dupont and Logan Circles and just off the nightlife enclave of Adams Morgan is The Louis, an upscale, amenity-laden apartment building along the trendy U Street Corridor.

There you’ll find Apartment 912, a two-bedroom, two-bath, 1,078-square-foot, E22-style open floor plan stunner that runs for as little as $8,655 per month to start bare-bones, but can be upgraded to as much as $31,434.

Republicans and Democrats can agree that’s a big slice of the deficit, so what do you get for that kind of mint?

The coolest street in The District

Located in Northwest Washington, the U Street Corridor is a stretch of trendy shops and fashionable restaurants along U Street from 9th to 18th Street NW designated a “Great Street” by the American Planning Association.

Smack in the middle is The Louis, built in 2014 with 268 units and access to a host of specialty stores, grocery stores, pubs, eateries and nightlife spots.

In the early part of the 20th century, U Street’s “Black Broadway” was the heart of Black Culture in America, teeming with jazz clubs, soul food joints, historically-black theaters and hotels.

In recent years, U Street’s demographics have diversified. But the corridor remains one of the coolest in the city while gaining an upscale appeal.

Today, the area is populated by some of the best music clubs in the nation, including the 9:30 Club, the Black Cat, DC9, U Street Music Hall and the Velvet Lounge.

Dozens of popular restaurants are available in walking distance, but none stand out more than Ben’s Chili Bowl, a D.C. “must go” that luminaries from Redd Foxx to Martin Luther King, Jr. to Barack Obama named as a favorite spot.

Also along the street are Restaurant Marvin, Busboys and Poets, Ice Cream Jubilee and authentic cuisine in “Little Ethiopia.”

The area also features both upscale and vintage clothing shops, brewpubs, galleries, caf├ęs, pocket parks, the century-old Lincoln Theatre, the African-American Civil War Museum, the outdoor 14&U Farmers’ Market and even the longest cascading fountain in America in Meridian Hill Park.

While back in the comforts of home, what exactly do you get for eight grand a month? A fantastic living space and enough high-end amenities to rival the White House itself.

The unit is a sleek marble-inspired open space featuring a large living area flanked by two large, airy bedrooms. The spacious living and dining room is lined with grayscale hardwood floors and a plethora of natural light thanks to a full wall of floor-to-ceiling windows.

The modern kitchen contains a built-in oven and microwave, two-tone wood cabinetry and a stainless-steel refrigerator across from a minimalist granite countertop kitchen island.

Redd Foxx
Two nearly-matching bedrooms are accessed from either side of the living space via a sliding door, where the hardwood floors continue and offer two walls of floor-to-ceiling windows overlooking the neighborhood for an abundance of sunlight.

The unit contains two baths with modern fixtures, one in the main bedroom and the other off of the living area.

But as exciting as the interior space is, the killer feature of this apartment is a gigantic terrace running the length of the entire unit accessible from the living room and both bedrooms.

Not only does the terrace offer a full-length stone patio ready for lounge chairs and al fresco dining, but it also features a private stone-landscaped green roof along the city-view edge, perfect for both human and canine frolicking like a garden apartment in the sky.

However, with all the amenities The Louis offers residents, you may do nothing in your apartment but sleep. The elegant rooftop features a pleasant swimming pool and patio sundeck, an outdoor projection movie space and fire pit lounge and outdoor intimate and group picnic spaces overlooking U Street with three separate grilling stations.

Inside, the building provides a party-display kitchen, meeting lounge and business center, game room with shuffleboard tables and a fitness center with free weights and group exercise programs.

There’s even a Trader Joe’s, neighborhood coffee shop and a James Beard Award-fronted bistro right downstairs on the lobby level.

A lot of dead Presidents

Yes, $103,860 a year is a large percentage of the U.S. Treasury for a nice apartment. Add in the full upgrades and that price goes up to about $375,000 a year.
Budget experts suggest spending no more than a third of your pre-tax income on your living space, so all you need to be pulling down to snag this deluxe Cardozo unit is a cool 311,583 Georges. What else could you afford in this government town for $8,655 a month?
1,443 Original Chili Half-Smokes at Ben

If you don’t run the Treasury Department

We can’t all add a budget line in a bill to fund our apartment rent or throw a fastball like Stephen Strasburg or Max Scherzer, so you’re probably not pulling down the GDP of a small nation on Embassy Row. Fortunately, there are plenty of other gorgeous — and affordable — rental units around D.C. that might be a little more your style.
Or, if you’ve got your heart truly set on The Louis, snag a studio for $2,358.

The rent information included in this article is based on April 2019 rental property inventory on ApartmentGuide.com and rent.com and is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing or availability guarantee for any apartment.
Jennifer Dunaway 

Lee & Associates Expands into Ontario with Second Canadian Office

Mark Cascagnette

TORONTO, ONTARIO, CANADA, April 30, 2019  –  Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of its first office in Ontario, Canada.

 Lee & Associates Toronto will be headed by Mark Cascagnette, SIOR, and is the firm’s second office in Canada. 

“Our focus continues to be enhanced client services in North America, and we are always looking for markets that we can expand into to better serve our clients,” said Lee & Associates CEO Jeff Rinkov, SIOR. 

“Toronto is one of the top ten largest cities in North America, and Mark has unparalleled success, experience, and knowledge of the Greater Toronto Area.”
Cascagnette brings over 28 years of diversified commercial brokerage and corporate real estate management experience, most recently as one of Cushman & Wakefield’s National Top 10 Brokers in Canada and its Top Industrial Producer in 2018. 

Jeffrey Rinkov
“We are absolutely thrilled to partner with Lee & Associates as we grow our business and service our clients in the GTA and Southern Ontario,” Cascagnette said. 
“I’ve done my homework, seen the results, and listened to our clients.  Lee & Associates provides the best, most entrepreneurial, and progressive structure in our industry. 
"The brokerage community has been waiting for a company designed to best service brokers and clients alike. We plan to become a regional commercial brokerage player and will recruit and train the best and brightest professionals in all service lines starting with industrial, office, land, and investment sales. 
"We are so excited about tapping into Lee’s long-established national operation in the US, and along with our Vancouver partners, will help build a strong Canadian presence.” said Cascagnette. 

Lee & Associates, which is celebrating its 40thanniversary this year, has put a renewed emphasis on expansion. New office locations over the last five years include Cincinnati, OH; Raleigh, NC; Miami, FL; Seattle, WA; Walnut Creek, CA; Vancouver, BC; Minneapolis, MN; Pasadena, CA; Lehigh Valley, PA; Columbus, OH; Houston, TX; Denver, CO; and Cleveland, OH. 

Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. 
Lee & Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients.
For the latest news from Lee & Associates, please visit lee-associates.com or follow us on FacebookLinkedInTwitter and Link, our company blog.
 Pamela Murphy
Lee & Associates
(832) 315-0219