Time Equities Inc., an International Real Estate Firm, Unveils CasaMara, its Newest West Palm Beach, FL Development

Rendering of CasaMara mixed-use, resort-style development
West Palm Beach, FL

WEST PALM BEACH, FL –– International real estate firm Time Equities, Inc. (TEI) has unveiled details of its mixed-use, resort-style development, CasaMara, located in West Palm Beach, Fla.

 Located at 3111 South Dixie Highway, just south of Belvedere Road and in the heart of the El Cid neighborhood and the Antique Row district, CasaMara will serve as the newest and chicest living and shopping destination for the area.

“We have been in the market quietly now for a month or two and are seeing strong demand for the CasaMara shops due to their manageable sizes, built-in customer base and unbeatable exposure on Dixie Highway,” stated Don DeWoody, CCIM, Principal, Retail Advisory Services of Avison.

 “We are targeting best-in-class operators in each segment including wine, furniture, design, coffee, to name a few.”

Don DeWoody

The website (www.CasaMaraWestPalm.com) includes a handful of renderings offering glimpses of CasaMara’s amenities, unit interiors and retail environment.

 CasaMara will offer 300 class-A apartments as well as a 16,000-square-foot clubhouse and an additional 16,000 square feet of retail shops along Dixie Highway called The Plaza at CasaMara (The Plaza).

The project features a total of seven low-rise buildings that are spread out in a resort-like setting over 10 acres.

 Leasing and marketing is being handled by Lincoln Property Co.

Avison Young (Avison) has been tapped to handle the retail leasing and marketing for The Plaza.

 CONTACT:

 
TEI@quinn.pr

212-868-1900

Blackton to Provide Flooring Products for More than 432 New Homes D.R. Horton is building at Three East Polk County, FL Communities

ORLANDO, FL    --- Blackton Inc., one of Central Florida ’s largest distributors of materials to homebuilders has been selected as the supplier of flooring products valued at an estimated $2.2 million at three D.R. Horton communities in East Polk county.    

    Michael 'Micky' Blackton, chief executive officer, said his firm will provide flooring materials in the construction of new three, four and five-bedroom single family homes at two D.R. Horton coming soon communities in Haines City:  

100 homes at Orchid Terrace located off of Holly Hill Road and Davenport Blvd. and 215 homes at Grace Ranch on Grace Avenue off of S. 30^th Street.  

  In Davenport , Blackton will provide flooring for some 117 three-bedroom townhomes D.R. Horton is building at the Feltrim Reserve community on Holly Hill Tank Road off US 27.

“D.R, Horton has been a loyal client for decades as they’ve been building and serving new homebuyers throughout a six county region of Central Florida ,” said Blackton.

Blackton, Inc., a family owned business headquartered on Alden Street near Ivanhoe Row north of downtown Orlando , has been supplying the home building industry from Jacksonville to Tampa for over 60 years.

CONTACTS:

Michael “Micky” Blackton, CEO, Blackton, Inc.

407-898-2661 Micky@Blacktoninc.com

Beth Payan, Larry Vershel Communications

407-644-4142 beth@larryvershel.com

Blue Sky Hospitality Solutions Adds Depth to Corporate Team by Naming Amanda Lynch Vice President of Revenue Management and Promoting Michael Newman to Corporate Director of Sales & Marketing

Amanda Lynch

UNIONDALE, NY—Officials of Blue Sky Hospitality (BSHS), one of the leading and fastest growing hotel owner/operators in the United States, announced it has expanded the bench strength of its corporate team by naming Amanda Lynch vice president of revenue management and promoting Michael Newman to corporate director of sales & marketing.

                “With a combined 43 years of hospitality experience between them, Amanda and Michael are ideal candidates to help lead Blue Sky Hospitality Solutions as we continue to grow our portfolio of well-branded hotels in a variety of segments across the United States,” said Naveen Shah, CEO, BSHS. 

Michael Newman 

“Amanda has more than demonstrated her capabilities in her former role where she oversaw revenue management for 12 hotels across eight major markets, including Chicago, Seattle, San Jose, Anaheim and Atlanta. 

"Michael performed similarly in his most recent role as director of sales and marketing at the 305-room Hilton Long Island where he led a team to achieve revenue increases of over a million dollars from the previous year.  Both are welcome additions to our corporate team.”

Naveen C. Shah

CONTACT:

CHRIS DALY

PRESIDENT

DALY GRAY PUBLIC RELATIONS, INC.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-864-5553

chris@dalygray.com | www.dalygray.com

PEBB Enterprises Bolsters Team with Addition of Robbie Calteaux as Senior Property Manager

Robbie Calteaux 

BOCA RATON, FL –– PEBB Enterprises, a full-service private real estate investment company, announces the addition of Robbie Calteaux as Senior Property Manager.

 Calteaux brings more than a decade of real estate experience to the company and is based in PEBB’s Boca Raton office.

Calteaux is responsible for the oversight and management of PEBB’s vast portfolio of nationwide commercial real estate properties.

Before joining PEBB, he served as Asset Manager at South Florida real estate investment firm The Geneva Group. 

Ian Weiner

Calteaux’s professional experience also includes nearly eight years with retail real estate investment trust DDR Corp. – now operating as SITE Centers Corp.

“We are excited to welcome Robbie Calteaux to our growing team of passionate and dedicated professionals,” PEBB Enterprises President and CEO Ian Weiner said.

 “As our portfolio expands in major markets throughout the nation, Robbie’s experience and knowledge of best-in-class property management standards will greatly benefit our company.”

Calteaux also brings an educational background in law to PEBB. He earned a Bachelor of Arts in Legal Studies from the State University of New York at Buffalo and a Juris Doctor from William Howard Taft University’s Law School.

  

CONTACT:

Daniel Benjamin

Senior Account Executive, BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

https://pebbenterprises.com/

King & Spalding's Jennifer Morgan Notes New CFIUS Rules on Foreign Investment in U.S. Real Estate

Jennifer Morgan

 

 NEW YORK, NY -- Jennifer Morgan, a real estate partner with New York, NY-based King & Spalding law firm, alerts foreign investors in U.S. real estate to new rules recently announced by the Committee on Foreign Investment in the United States (CFIUS).

The new rules could extend the recent decline of foreign appetite for US real estate assets, especially from China, suggests Morgan.

Empowered by the Treasury and Commerce Departments, CFIUS has authority to review transactions involving foreign investments in the U.S. Some deals are subject to a mandatory filing requirement, while others only require voluntary filings.

                                            Trump Tower Hotel, New York, NY

The Business Rule, which became effective on February 13, expands CFIUS’ jurisdiction to review non-controlling foreign investments in U.S. businesses involving critical technology, critical infrastructure, and sensitive personal data.

The other rule  - the Real Estate Rule - expands CFIUS’ jurisdiction to review foreign investments in U.S. properties.

Morgan points out that unlike transactions under the Business Rule, real estate transactions are not subject to a mandatory filing requirement. 

Yet, she recommends that foreign real estate buyers and investors should consider whether a voluntary filing is appropriate, especially for property located near military installations, ports or other governmental sites – that could trigger a CFIUS review.

“Parties should consider the rules when identifying deal partners, structuring transactions, raising capital and forming funds, and determining whether CFIUS filings are required or advisable,” says Morgan.

The new rules spell out specific instances when investors are required to file for review or should consider a voluntary filing.

While rare, CFIUS has the power to unwind deals after the fact, but Morgan suggests that if a voluntary filing is done, the committee would be more likely to provide mitigation factors.

Morgan cites an example of a foreign investor that acquired interest in a midtown office building. CFIUS unwound the transaction after it had closed because the building was across the street from the police precinct that monitors Trump Tower.

While this example is extreme, Morgan says that the threat of action by CFIUS has had a chilling effect on real estate investment from some foreign players. However, the rules that just went into effect provide the ground rules that make things clearer.

For more detail on the new CFIUS rules, Morgan suggests reviewing  the King & Spalding client alert issued last week - https://www.kslaw.com/news-and-insights/cfius-finalizes-rules-reforming-foreign-investment-reviews

CONTACTS:

John Garger jgarger@rippmedia.com 212-262-7484

Allan Ripp arippnyc@aol.com

Marcus & Millichap Promotes James Shiebler to VP Investments

James Shiebler

TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced that James (Jim) Shiebler of the company’s Tampa office has been promoted to Vice President Investments, according to Chris Travis, Regional Manager. 

“Jim’s work ethic and dedication putting client’s needs first has resulted in him becoming an industry leader in retail investment sales,” says Travis.

Chris Travis

Shiebler was most recently a senior associate with Marcus & Millichap. He began his career at the firm in June of 2016 as an associate and was promoted to senior associate in 2019.

He earned Rookie of the Year award in 2016 and achieved sales recognition awards in 2017 & 2018 and the prestigious National Achievement Award in 2019.

Shiebler specializes in retail and net lease properties in the firms’ Tampa office.

 In just 3 full years under the Marcus & Millichap banner, Jim achieved this VP accomplishment by building a proven track record of more than 75 transactions valued at over $215 million dollars during his tenure.

Contact:

 Chris Travis

Regional Manager

Marcus & Millichap

Tampa, FL

(813) 387-4700