Native Realty Launches New Property Management Company in Fort Lauderdale, FL

 Jaime Sturgis

FORT LAUDERDALE, FL –– Native Realty, the pioneering Fort Lauderdale-based commercial real estate firm led by Jaime Sturgis, has successfully launched Native Management.

The new property management company enables Native Realty to operate as a full-service, vertically integrated company and assist clients in all facets of real estate investment and ownership.

Sturgis partnered with industry veteran Carlos Saez to join Native Management as COO. Saez brings substantial property management experience and entrepreneurial spirit to the company.

Carlos Saez

Before joining Native Management, Saez served as COO at PropertyForce.

  

Native Realty is headquartered at 719 NE Second Ave. in Flagler Village, Fort Lauderdale, FL

CONTACT:

Eric Kalis

Vice President, BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

www.nativere.com. 

nativere.com/manage.

Arbor Funds $4.1 Million Fannie Mae DUS® Loan in Indianapolis, IN

Michael Jehle

UNIONDALE, NY (May 19, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR) a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Loan in Indianapolis, IN.

 Three Fountains West Cooperative, a multifamily affordable housing property, received $4.1M in refinance funding through the program.

 Michael Jehle of Arbor’s Oklahoma office originated the loan.

 “This transaction involved the refinancing of an existing loan on our books that was maturing,” Jehle said. 

Three Fountains West Cooperative, Indianapolis, IN

“The members of this cooperative wanted to pay off their loan as quickly as possible and we were delighted to help them achieve this goal by offering a self-amortizing, straight 15-year fixed rate loan at an interest rate significantly lower than their current mortgage rate.”

 Built in 1972, Three Fountains West Cooperative is comprised of one-, two- and three-bedroom units. The newly renovated complex includes a large community building and playgrounds, and is conveniently located near public transportation and retail shopping.

 Jared Stein

Arbor Funds $15.4 Milion Fannie Mae Loans in Texas

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded $15.4M in Fannie Mae loans in Texas.

 Kenwood Heights Apartments in Corsicana, TX, received $8.2M in acquisition financing, with a 12-year fixed rate, one year of interest only payments and 30-year amortization through the Fannie Mae DUS® program.

Built in 1984, the pet-friendly property is made up of 211 residential units. Retail shopping and Navarro College are located nearby. 

 Kenwood Heights Apartments
Corsicana, TX

 Bella Brisa Apartments in Laredo, TX, received $3.2M in refinance funding, with a 10-year fixed-rate, two years of interest only payments and 30-year amortization through the Fannie Mae DUS® Small Loans program. 

The multifamily property was built in 2012 and includes 42 units.

 Monaco Boulevard Apartments in Laredo, TX, received $4M in refinance funding, with a 10-year fixed-rate, two years of interest only payments and 30-year amortization through the Fannie Mae DUS® Small Loans program. Built in 2013, the multifamily property features 44 units.  

 Jared Stein of Arbor’s New York City office originated the loans.

 “Partnerships are the lifeline of our business,” Stein said. “Together, Arbor and Fannie Mae remain committed to providing liquidity to the workforce housing sector during these unprecedented times.”

Contact:

 Bina Handa

Tel: 516.506.4229

bhanda@arbor.com

Arbor Realty Trust, Inc.

333 Earle Ovington Blvd, Suite 900

Uniondale, NY 11553

800.ARBOR.10

arbor.com

Ware Malcomb Announces New Civil Engineering Manager in San Diego, CA

Samuel Bellomio

SAN DIEGO, CA, May 19, 2020 – Ware Malcomb, an award-winning international design firm, today announced Samuel Bellomio, PE has joined Ware Malcomb’s Civil Engineering team as a Project Manager in the San Diego office.

In this new role, Bellomio will oversee civil projects in San Diego. He will work closely with Luke Corsbie, Ware Malcomb Director of Civil Engineering, who has responsibility for the overall growth and management of civil engineering services for the Southern California region.

Luke Corsbie

Bellomio brings 10 years of experience in the civil engineering field to Ware Malcomb. Prior to joining Ware Malcomb, Bellomio was a project engineer with a local San Diego firm, and previously worked in the Seattle market. 

His civil design experience spans both public and private land development projects, with a primary focus on land development and storm water analysis.

Tom Jansen

“Sam brings an incredible combination of talent, experience and enthusiasm to our team,” said Tom Jansen and Chris Strawn, Ware Malcomb Principals of Civil Engineering. “He will be working with Luke Corsbie to grow our civil engineering services in San Diego, and together they are focused on making Ware Malcomb Civil the go-to team in this market.”

Chris Strawn

 Jansen and Strawn are responsible for the leadership and expansion of civil engineering services throughout Ware Malcomb’s offices in North America.

Ware Malcomb’s Civil Engineering team specializes in land development projects, with a focus on efficient design practices to create successful projects for clients.

The team has worked on commercial office, industrial, healthcare, public, education, retail/restaurant, mixed-use, and multi-family, residential and subdivision projects.

“We are excited to have Sam join our team to expand civil engineering services in the San Diego market,” said Tiffany English, Principal of Ware Malcomb’s San Diego offices.

 “His unique skill set, combined with Ware Malcomb’s firm-wide resources in this area, brings another level of service to our local architecture and interior design clients.”

 Tiffany English

Bellomio holds a Bachelor of Science degree in Civil Engineering from Seattle University. He is also a registered Professional Engineer in the state of California.

He is an active member of the Building Industry Association (BIA) Stormwater Taskforce, the California Stormwater Quality Association (CASQA) Best Management Practices Subcommittee, and the County of San Diego Land Development Workgroup.

  

CONTACTS:

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

Rachel@kcomm.com 

Maureen Bissonnette

 Associate Principal

 Marketing

949.660.9128

 mbissonnette@waremalcomb.com

waremalcomb.com

Lee & Associates Washington, DC Transitions from a Satellite Office to a Freestanding Office

Josh Simon

WASHINGTON, DC, May 19, 2020 -–  Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today that their Washington, DC office has transitioned from a satellite office to a freestanding office, granting them access to Lee & associates unique capital structure benefits. 

Lee & Associates Washington, DC is led by Josh Simon, who opened the satellite office in July of last year. Since the opening ten months ago, his office has executed an aggressive growth strategy. 

Their team has grown from two brokerage professionals to five, and they are actively recruiting professionals in the following disciplines: capital markets, investment sales, office tenant representation, industrial, and retail.

"We've been thrilled with our affiliation with Lee & Associates and have found the platform and collaboration between offices far stronger than we ever could have imagined," said Simon.

 "During times of market disruption, we typically see a significant migration of Brokers as folks tend to evaluate what platform serves them best for the long term.

"We expect to add several Brokers and Teams as the other large firms cut costs and services, and possibly make commission splits less equitable,” said Simon,

 “We are fortunate to be very well capitalized with the tools and resources in place and are speaking with a number of agents currently.

Jeff Rinkov

"Our goal and expectations are to secure our headquarter space in downtown DC later this year, with plans to open a Northern Virginia satellite location in 2021-2022."

The structure of Lee & Associates is unique in that it is entirely debt-free. The capital deployed during the opening of new offices is raised in advance by Lee & Associates principals across North America. 

"Our entry to DC, a key market for Lee & Associates, could not have better leadership," said Lee & Associates CEO, Jeff Rinkov. 

 "Josh Simon, his team, and their entrepreneurial approach to client service are a very exciting example of our focus on East Coast expansion and a tremendous addition to our team."

Lee & Associates has established an emphasis on expansion over the last five years; new office locations include Boston, MA; Toronto, ON; Cincinnati, OH; Raleigh, NC; Miami, FL; Seattle, WA; Walnut Creek, CA; Vancouver, BC; Minneapolis, MN; Pasadena, CA; Lehigh Valley, PA; Columbus, OH; and Houston, TX.                   

For the latest news from Lee & Associates, please please visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.

Contact:

 Pamela Murphy
Lee & Associates
(832) 315-0219
pmurphy@lee-associates.com

Hospitality Ventures Management Group (HVMG) to Manage 506-Suite Embassy Suites by Hilton Nashville Downtown Convention Center

Embassy Suites by Hilton Nashville Downtown Convention Center;

Hotel Names Annebeth Kearney Black Director of Sales and Marketing

 

NASHVILLE, TN  (May 19, 2020)—Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced it has been selected to manage the 506-suite Embassy Suites by Hilton Nashville Downtown Convention Center. 

    “As HVMG expands its portfolio of managed and owned hotels across the United States, we will continue to seek ‘best-in-class’ partners such as Crescent Real Estate, Starwood Capital Group and High Street Real Estate Partners to achieve our growth goals,” said Robert Cole, president & CEO, HVMG. 

 “This two-tower project immediately will become one of the most exciting lodging options not only in Nashville, but the entire country.  In a town already known for its high caliber hotels, this is no small feat.”

Robert S. Cole

Scheduled to open during the fourth quarter of 2021, the Embassy Suites is part of a two-tower development project on 1.3 acres of land owned by:

• Crescent Real Estate LLC, a high-end real estate acquisition, development and management company; 
• Starwood Capital Group, a private global investment firm focused on real estate; 
• High Street Real Estate Partners, a privately held real-estate investment firm focused on developing and acquiring equity interests in hospitality and multi-family assets in highly rated markets. 

Annebeth Kearney Black has been named director of sales and marketing.  A 20-year-plus hospitality sales veteran, she most recently was associate director of sales for the 591-room Grand Hyatt Nashville. 

            “The much-anticipated hotel will expand availability for larger meetings and events and  be geared towards business, convention and leisure travelers seeking upscale accommodations for everything from weekday conventions and meetings to weekend entertainment,” said Kearney Black. 

Annebeth Kearney Black 

 “Nashville’s diverse economy, with innumerable business, entertainment, healthcare and educational outlets, makes it an ideal location for just this type of upper upscale hotel product. 

"I look forward to supporting the hospitality community and helping the hotel quickly establish itself as the accommodations of choice for visitors to Nashville.”

 She has held multiple similar positions, including director of sales and marketing at the 283-suite Embassy Suites by Hilton SE Nashville Hotel and Convention Center and opening cluster director of sales and marketing for the dual-branded, 361-room Hyatt Place/Hyatt House Denver/Downtown.

            “Between her familiarity with the Nashville market and her background opening new hotels, Annebeth is the ideal candidate to lead the hotel sales team through ramp-up and beyond as the Embassy Suites by Hilton Nashville Downtown Convention Center takes its place as the segment leader,” Cole noted. 

  

CONTACT:

       

Chris Daly

Daly Gray, Inc.

703-435-6293

chris@dalygray.com

www.hvmg.com