JLL Capital Markets adds Jay Ballard and Ken Delvillar to its Orlando multi-housing team

Jay Ballard 

ORLANDO, FL, June 17, 2020 – JLL Capital Markets announced today that it has expanded its investment advisory team with the addition of Jay Ballard and Ken Delvillar as Managing Directors focused on multi-housing transactions in its Orlando office.

Mr. Ballard and Mr. Delvillar are commercial real estate veterans with more than 54 years of combined industry experience. They join JLL from Cushman and Wakefield, where they were Executive Directors for the Florida Multifamily Advisory Group. 

Over the course of their careers, Mr. Ballard and Mr. Delvillar have represented a variety of public and private companies, developers, life companies, pension fund advisors and condo converters on both a regional and national basis and have been involved in more than $6.5 billion of completed transactions.

Ken Delvillar

 Mr. Ballard is an active member of National Multi-Housing Council (NMHC) and Florida Apartment Association (FAA). 

He has been recognized as a top broker both in-house and by NAIOP, Costar and Central Florida Commercial Real Estate Society (CFCRES). 

Mr. Ballard is a graduate of the University of South Carolina, Darla Moore School of Business.

Mr. Delvillar graduated with a degree in Finance from the University of Central Florida.  

He is also an active member of numerous industry organizations, including NMHC, FAA, Apartment Association of Greater Orlando (AAGO) and CFCRES. Additionally, Mr. Delvillar is a Certified Commercial Investment Member (CCIM).

“We are very excited about the opportunity to join the Central Florida JLL Capital Markets team,” Ballard said. “With JLL’s recent acquisition of HFF last year, our ability to tap into their extensive debt and equity capacity by way of their DUS lending and equity platform, will allow us to expand the services we provide to our clients.”

Brad Peterson

“We anticipate collaboration with our capital markets colleagues throughout Florida as well as the Sunbelt and beyond,” added Delvillar.

“We are really excited to add Jay and Ken to our growing capital markets platform,” said Brad Peterson, Senior Managing Director and Head of JLL Capital Markets Orlando.

 “Adding such an accomplished duo with so much experience and deep relationships to our Florida multi-housing team will further enhance what is now a fully integrated JLL capital markets platform.”

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

CONTACT:

Kristen Murphy

Senior Manager, Public Relations

JLL Capital Markets

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

us.jll.com/capitalmarkets

 jll.com. 

Circa Resort and Casino, Las Vegas, NV, will debut Oct. 28, 2020

Circa Resort and Casino, Las Vegas, NV,  will debut Oct. 28, 2020.

LAS VEGAS, NV – CEO and developer Derek Stevens  announced his newest Downtown Las Vegas property, Circa Resort & Casino, will debut October 28, 2020.

 Previously slated for a December 2020 launch, the 1.25 million-square-foot integrated casino-resort will open with its first five floors of amenities and state-of-the-art parking hub – Garage Mahal – ahead of schedule. Upon completion, the resort will have approximately 1,000 employees.

 To achieve this expedited timeline, Stevens reallocated construction resources from Circa’s hotel tower to the first five floors.

 Slated for completion at the end of 2020, the tower will house Circa’s 777 rooms and suites starting on the eighth floor; room reservations will go live June 24.

Derek Stevens

Guests looking to visit prior to the tower opening can reserve rooms at the D Las Vegas or Golden Gate Hotel & Casino, also owned by Stevens, and enjoy access to Circa’s pool in addition to its public amenities.

“Sometimes life throws you curveballs, and 2020 has been an unpredictable year for the entire world,” said Stevens. “However, thanks to the creativity and ingenuity from our partners at McCarthy Building Companies Inc. and Tré Builders, we can move forward on this accelerated path and have an opening unlike Las Vegas has experienced.

"We are excited to see what the future holds and to give visitors and locals something to celebrate.”

CONTACTS:

Angela Ciciriello

Circa Resort & Casino

Angela.Ciciriello@thed.com

Natalie Mounier / Kara Rutkin 

Kirvin Doak Communications

nmounier@kirvindoak.com / krutkin@kirvindoak.com

NAIOP South Florida Announces Awards of Excellence Winners During Virtual Ceremony

Mary Harris

FORT LAUDERDALE, FL, June 17, 2020 – NAIOP South Florida, the Commercial Real Estate Development Association, has announced the winners of the annual Awards of Excellence. 

      Tracy Miller

The awards recognize industry professionals and organizations who exemplify excellence and have helped fuel business and economic growth in South Florida.

 The winners are usually recognized during a dinner and reception, but due to the pandemic, the celebration moved online and winners were announced live during a virtual program on NAIOP South Florida’s YouTube channel.

Jules R. Morgan

This year, NAIOP South Florida will hand-deliver awards to the winners personally. Co-chairs of this year’s Awards of Excellence were Mary Harris of Berger Commercial and Tracy Miller of Miller Construction.

Topping the field of three other highly qualified nominees, Harris was recognized for representing tenant BankUnited in securing two new 10-year leases totaling nearly 10,000 square feet of space at the Plaza Las Olas. 

 Publicly traded BankUnited (NYSE: BKU) is headquartered in Miami Lakes and operates banking centers throughout Florida and the New York Metropolitan area.

Broadcast live on NAIOP’s YouTube Channel, the event honored outstanding South Florida commercial real estate professionals for their most impactful transactions of the year.

“Mary’s deal on behalf of BankUnited is testament to her creativity, diligence and professional relationships,” said Lloyd Berger, president of Berger Commercial Realty/CORFAC International. “She successfully secured a new, strategic location to meet the requirements of the bank’s retail operation and office needs.”

Lloyd Berger

Beyond the workday, Harris volunteers her time and talent to Pets Broward, Big Brothers Big Sisters of Broward, and the United Way of Broward County. She has assumed leadership roles in commercial real estate industry organizations including CREW Fort Lauderdale/Boca Raton and NAIOP South Florida.

“People do business with people they know and trust,” said Berger, “and Mary is successfully building upon existing relationships for the benefit of our firm.”

“While we would have preferred to celebrate in person this year, we shifted gears to properly recognize the nominees and the winners in the best way possible,” said NAIOP South Florida Executive Director Jules R. Morgan.

Douglas K. Mandel

 “We appreciate the support of our finalists, winners, sponsors and volunteers as we have navigated the COVID-19 crisis and look forward to celebrating with the winners in person when it is safe to do so.”

The Awards of Excellence winners are:

 Sale of the Year

• Land Sale: Avison Young, AVE Aviation and Commerce Center
• Private Client Sale: Native Realty, Hive and Flagler Uptown
• Institutional Sale: CBRE, 800 Brickell and CBRE, The Avant at Pembroke Pines

 Industrial Lease Transaction of the Year: Flagler Global Logistics / CBRE, Countyline Corporate Park

 Office Lease Transaction of the Year: Cushman & Wakefield, Lennar Corporation

 Economic Impact Deal of the Year:

• Miami Dade Winner: JLL - Bal Harbour Shops
• Broward County Winner: Greater Fort Lauderdale Alliance/JLL - Spirit Airlines Headquarters

Broker Team of the Year

• Industrial: Team of L. Dinner, L. Genet, T. O’Loughlin and J. Zebede - CBRE
• Investment: Team of B. Bloodworth, E. Brais, J. Crotty, B. de la Fe, D. Duckworth and M. Fay - Avison Young
• Office: Team of J. Gomez, T. Herring, D. Lobinsky, C. Kulp and K. Ridgway - Cushman & Wakefield

Lauren Pace

Broker the Year: Douglas K. Mandel - Marcus & Millichap

Rookie of the Year: Mary Harris - Berger Commercial Realty

Member of the Year

• Lauren Pace – Sunbeam Properties
• Nicholas Mau – FirstPointe Advisors, LLC

Project of the Year: Miami Central Commons, Foundry Commercial

Developer of the Year: Bridge Development Partners

Iconic New Project of the Year: Auberge Beach Residences & Spa Fort Lauderdale, The Related Group

Nicholas Mau 

This marked the first time a company has been named Developer of the Year two years consecutively, according to Morgan. 

“Bridge Development Partners is a leader in the industrial market sector and highly recognized for developing flexible-use facilities on underdeveloped land parcels in markets with limited land supply," Morgan said.

This is a much-deserved win for a company who consistently turns complex opportunities into high-value assets."

Stephanie Rodriguez

The state of South Florida commercial real estate in 2019 was strong, with so many noteworthy accomplishments, added NAIOP South Florida President Stephanie Rodriguez, Vice President of Duke Realty.

 “Although we transitioned our ceremony to an online platform this year, we continue to look forward to the many upcoming collaborative and educational events currently in the planning stages, where we can continue to connect and learn from one another,” she said.

At the time the awards ceremony was cancelled, the fresh food items were already ordered and paid for. Harris and Miller then personally delivered the fresh foods to LifeNet4Families, a community organization that provides 300 hot meals daily to individuals experiencing food insecurity in Broward County, and the Salvation Army Family Shelter.

 For more information about the Awards of Excellence and NAIOP South Florida, please visit www.naiopsfl.org. 

To view the ceremony, please visit: www.youtube.com/channel/UC1UtaZn_-LGKsOlWhraOrdg.

CONTACT:

Samantha Van Nuys

O: 954.776.1999  ext. 115 |C: 954.648.9132

6451 North Federal Highway, Suite 1200 |Fort Lauderdale, Florida 33308
More than 100 partner agencies in markets worldwide

naiopsfl.org.
naiop.org.

JLL arranges $68.5 million refinancing of 1750 K St. in Washington, DC

1750 K Street, Downtown Washington, DC

WASHINGTON, DC, June 17, 2020 – JLL Capital Markets announced today that it has arranged a $68.5 million refinancing for 1750 K Street, a fully leased, 165,604-square-foot office building on K Street in the heart of downtown Washington, D.C.

Cary Abod

JLL worked on behalf of the borrower, Mirae Asset Global Investments, to place the floating-rate loan with Bridge Investment Group Holdings. Loan proceeds will be used to repay the existing loan.

1750 K Street is a 12-story office building located in the heart of the Golden Triangle neighborhood in Washington, D.C.’s CBD. 

The prominent K Street address offers tenants a prestigious office location with walkable access to transit and the many dining and shopping options available in this premier live-work-play environment. 

The building is fully leased to five tenants and offers three sides of light and air, and flexible floorplates of approximately 12,000 square feet, making this building ideal for a variety of users. 

  

The JLL Capital Markets debt placement team representing the borrower was led by Managing Director Cary Abod, Senior Director Rob Carey and Senior Managing Director Andrew Weir.

Rob Carey

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

  

About Mirae Asset Global Investments

Mirae Asset Global Investments was founded in South Korea and now operates worldwide across 12 markets, where it takes a collaborative approach in managing a fully diversified investment platform.

Andrew Weir

Powered by a unique perspective and the expertise of its global investment professionals, Mirae Asset Global Investments adapts to its clients’ evolving needs, providing them with innovative investments solutions and intelligent ways to achieve their investment objectives.

Mirae Asset Global Investments currently invests over $146bn on behalf of clients, giving the firm the scale and experience to identify opportunities in a changing world (AUM as of December 2019).

About Bridge Investment Group

Bridge Investment Group is a privately held real estate investment management firm with $20.2 billion in assets under management. 

Bridge combines its 4,000+ person, nationwide operating platform with specialized teams of investment professionals focused on select U.S. real estate verticals: multifamily, office, seniors housing, affordable housing, opportunity zones and debt strategies direct lending.

CONTACT:

Kimberly Steele

 JLL Senior Associate

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

visit jll.com.