Newmark Knight Frank Client Receives Approval from Pasco County, FL on Incentives for New Industrial Warehouses

Rick Narkiewicz

Tampa, FL  — Newmark Knight Frank (NKF) announced its client, Rooker Development, received approval from the Pasco County Board of County Commissioners on an incentive package that paves the way for the development of two new industrial warehouses. 

The project is expected to spark a new wave of economic growth and development and expand the county’s commercial tax base as part of a push to provide new job opportunities for county residents.

NKF’s Senior Managing Director, Rick Narkiewicz, will represent the buyer, Rooker, in the sale of 90 acres of land.

 Rooker is purchasing the land from the Pasco County Board of Commissioners and was attracted to the site though the county’s “Penny for Pasco” initiative.

The program provides critical funding for schools, road improvements, environmental programs, and public safety. The land sale is expected to close in Q2 2020.

Located between Interstate 75 and Old Pasco Road in Wesley Chapel, Florida, the land was previously set aside for residential and retail uses. Rooker plans to develop two 200,000-square-foot industrial warehouses. The pair of buildings will be the largest industrial buildings developed in the county and are expected to generate an annual payroll of $20.8 million.

Cason Bufe

“Pasco County has all the ingredients needed to become a new manufacturing and distribution hub, and we are pleased to partner with county leaders on their vision for a vibrant and multifaceted local economy,” said Cason Bufe, Vice President at Rooker. 

“We’re confident that by building these two warehouses, we will attract large industrial users who might have previously passed over the area due to lack of available space. 

"By keeping jobs within its borders, Pasco County is positioned for growth and success in the decade ahead.”

According to NKF’s 3Q19 industrial report, Pasco County currently does not have any industrial projects under construction, despite prices that provide a significant competitive advantage compared to rates in neighboring counties. 


More than 90,000 citizens commute out of Pasco County for work each day, representing a significant amount of unrealized revenue. In addition to new revenue streams that will be created through the influx of new jobs, the project is also expected to bring more than $1 million per year in reoccurring real estate tax revenue.

“This project is a game-changer for Pasco County,” said NKF’s Narkiewicz. “There is currently very little industrial space to house a company where Pasco County citizens can work, so having two warehouses of this size will be extremely beneficial. 

"We anticipate this will be the first of many new industrial development projects that will launch in Pasco County in the months and years ahead.”

Stewart Gibbons

The “Penny for Pasco” initiative was launched in 2012 after Pasco County citizens voted to create the new program by a more than 2-1 margin in a public referendum. 

Penny for Pasco has since provided critical funding for several key economic development programs that would not have moved forward had the funding support not been available.

“The visionaries who conceived the Penny for Pasco program can be proud of this new opportunity for key commercial facilities within the county,” said Stewart Gibbons, Co-Chairman of Penny for Pasco’s founding committee. “The quality, scale and economic benefits to the county with this land sale are exactly what many Penny for Pasco supporters would hope for. 

"It was a pleasure to partner with Rooker and Newmark Knight Frank on the transaction, and we look forward to seeing this project come to fruition.” 

Rooker is expected to close on the sale of the land in mid-2020 with estimated completion of the new warehouses in Q1 2021.

CONTACT: 

Liz Maddux · Assistant Account Executive

1718 Peachtree St., Suite 1048 · Atlanta, GA 30309

M: 478-972-3210

www.thewilbertgroup.com

www.ngkf.com.

Arbor Announces the Appointment of David Burt in California Office

                          

David Burt

UNIONDALE, NY – Arbor Realty Trust, Inc.(NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, single-family rental (SFR) portfolios, seniors housing, healthcare, and other diverse commercial real estate assets, is pleased to announce David Burt has joined Arbor as Vice President, Originations. 

Mr. Burt will be responsible for originating Fannie Mae, Freddie Mac, FHA, SFR, CMBS, Bridge, Mezzanine, and Preferred Equity loan transactions nationwide. He is based out of Arbor’s Redondo Beach, CA, office and reports directly to Frank Lutz, Executive Vice President and Chief Production Officer.

“With his 25-years of experience in delivering client-focused financing across all agency platforms, David is a welcome addition to the Arbor team. We look forward to his contributions in supporting Arbor’s growth strategy as we expand our diverse product offerings to our growing client base across the country,” Mr. Lutz said.

Frank Lutz

Mr. Burt has been supporting commercial real estate lending organizations with their funding goals for more than two decades. 

In his most recent position, he assisted with launching the Freddie Mac Small Balance Loan (SBL) platform, in addition to marketing Freddie Mac, Fannie Mae, and other portfolio products to commercial mortgage communities in the Western U.S. 

His prior experience also includes creating brand awareness, originating loans for multifamily and other property types, and implementing Fannie Mae Small Loans and Freddie Mac SBL programs. 

Mr. Burt holds a Bachelor of Science in Business Marketing from Arizona State University.

Contact:

 Bina Handa

Tel: 516.506.4229

bhanda@arbor.com

VOS Hospitality and the B Group announce Greystone Miami Beach to open its doors January 2020

 Rendering of Greystone Miami Beach Hotel,  a product of combining the historic 1920 Collins Avenue corner property with the adjacent building. The hotel is set to open this coming January.

MIAMI BEACH, FL – VOS Hospitality, owner, developer, and manager of boutique lifestyle hotels led by James Vosotas, along with its private investment company partner The B Group led by Branden Muhl are pleased to announce the opening of Greystone Miami Beach this January. 

James Vosotas

 A historic 1930’s boutique hotel, Greystone Miami Beach has undergone a complete revitalization to become a truly unique experience on the beach.  The property’s blend of style juxtaposes beachy boho-chic vibes with city glam influences while bringing back to life its iconic Art Deco façade.

Branden Muhl 

 The newly developed hotel is a product of combining the historic 1920 Collins Avenue corner property with the adjacent building and is set to open this coming January.

Designed by architectural firm, Shulman + Associates, the hotel boasts a total of 91 guest rooms from boutique style historic accommodations to suites with a private deck and hot tub. 

 Chef Pawan Pinisetti

The 54,000 square-foot, adult only hotel is eco-conscious as well as pet friendly.  

"We’ve developed the Greystone to give our guests uniquely personalized attention while offering compelling concepts that create depth to the overall experience,” said James Vosotas, CEO of VOS Hospitality.  

“The property was purposefully designed with Miami’s local artistic community in mind and has at least one venue activated almost 24 hours a day whether it be at the rooftop pool during the day, dinner at our restaurant or late night in the basement lounge.”

 Sebastian Dumonet

"We’ve positioned ourselves organically to align with the growing global trend of travelers seeking adult only accommodations.

"The decision was an outgrowth of our brand DNA as an escape from the routine with chic boutique rooms alongside creative culinary, energetic nightlife, and a dynamic pool scene in a city that caters to the adult entertainment seeker.  

Greystone Miami Beach hotel interior

"We’re an ideal fit for the discerning and millennial minded looking to get away, have fun, or just relax in a purposefully designed and programmed environment."

The property features a wide range of distinct culinary venues helmed by celebrated Chef Pawan Pinisetti and swanky late night venues with inventive mixology F&B concepts led by Forbes Top 30 under 30 F&B rising star Sebastian Dumonet.

Greystone Miami Beach hotel poolside

Sérêvène, the property’s signature restaurant, showcases the best of French Mediterranean and Japanese cuisine styles.  

UISCE at Sérêvène (an old Celtic word for whisky, meaning “water of life”), is a sexy venue that will position itself as more than just a lounge, curating craft cocktails in light of a growing appreciation for the trade.

Greystone Miami Beach hotel bedroom

KOBO will serve fast-casual gourmet offerings, tucked away in an upscale, verdant courtyard. 

Golden Gator is a discreet underground champagne lounge neatly tucked beneath the Greystone. 

The Rooftop at Greystone is the place to see and be seen. Designed for hotel guests as well as the local insider and influencer community, the pool’s rare allowance of non-hotel guest patronage enables the property the opportunity to create a strong connection with Miami’s finest.

A KOBO lounge offering

Centrally located, Greystone Miami Beach is walking distance to the Miami Beach Convention center, upscale shopping on Lincoln Road, beaches, dining, and nightlife venues.  

The property will welcome locals and world travelers as it recreates the essence of Miami's Golden Era.  Greystone Miami Beach is conveniently located only 13 miles from Miami International Airport and 19 miles from Fort Lauderdale-Hollywood International Airport.  

Valet parking is also available upon arrival.  Starting room rates in low season begin at $219 per night and $379 per night during high season (based on availability at time of booking).

For more information, please visit www.greystonemiamibeach.com or contact TARA, Ink. at greystone@taraink.com. 

	CONTACT:
	Carrie Kerner Director – Hospitality & Lifestyle Division Phone: 305.206.0393 Address: 1666 Kennedy Causeway, Suite 703, Miami Beach, FL 33141 Web: www.taraink.com www.voshospitality.com.