Saturday, August 1, 2020

Southern Lodging Summit Conference Postpones Physical Event to Host Southern Lodging Summit Virtual Update

Wayne Tabor

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 postpone this year’s physical gathering due to the on-going coronavirus pandemic. 

 Instead, the organization will host a “virtual update,” providing pre-recorded sessions to interested parties.

“While there is nothing more we wanted than to host this year’s event in person, Memphis and Shelby County remain in Phase Two of its recovery, meaning we are limited in terms of the number of people who can gather,” said Wayne Tabor, president & CEO, Metropolitan Memphis Hotel & Lodging Association. 

Peabody Hotel, Orlando
 “Our goal is to provide an educational, personal event for hoteliers to come together to meet and share ideas.  That being said, we strongly believe in ‘safety first’ and will not expose anyone to a potential health risk. 

"As a result, we have decided to tape certain sessions and post the material for interested parties.  Even though we can’t bond over ribs at the Rendezvous and southern hospitality at the south’s grand hotel, The Peabody, we still can share knowledge and best practices with one another to help hoteliers find the ‘new normal.’”

The conference will maintain its annual online auction that is scheduled to run from August 10, 2020 through Aug.28, 2020.  Auction items include travel and food & beverage packages from all over the country. 


 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


Ware Malcomb Announces Completion of First 5 Center in Vallejo, CA


The new 7,500 square foot Vallejo First 5 Center, located within the Vallejo Plaza Shopping Center, Vallejo, CA

PLEASANTON, CA – Ware Malcomb, an award-winning international design firm, announced construction is complete on the new Vallejo First 5 Center located at 3375 Sonoma Boulevard in Vallejo, Calif.

Ware Malcomb provided interior architecture and design services for the project. 

“The goal of the Vallejo First 5 Center was to create a safe and welcoming environment for the families they serve, while also making it fun and playful for kids,” said Gary Drew, Regional Vice President of Ware Malcomb’s Pleasanton office.

Gary Drew
“It was exciting to design a space that meets all of the First 5 Center’s diverse needs, so that they can in turn meet the needs of local families for many years to come.” 

The new 7,500 square foot Vallejo First 5 Center, located within the Vallejo Plaza Shopping Center, is an innovative hub created to engage low income families in the community and provide a space for children to play, learn and grow.

To find out more about the Vallejo First 5 Center, families can contact the center at (707) 784-1240 or

The General Contractor for the project was Underwood Construction.

For more information, visit waremalcomb.com/news and view Ware Malcomb’s Brand Video at youtube.com/waremalcomb.


CONTACTS:

Rachel Devany
VP Public Relations
 KCOMM for Ware Malcomb

Maria Rodgers
 Public Relations Manager
 949.660.9128

Maureen Bissonnette
 Associate Principal Marketing
 949.660.9128





$26.6 million loan secured for suburban Minneapolis corporate campus


Optum Campus, a 473,325-square-foot fully leased office campus at 13625 & 13675 Technology Druve in Eden Prairie, MN

AUSTIN, TX – JLL Capital Markets announced it has arranged the $26.6 million acquisition loan for UnitedHealth Group’s Optum Campus, a 473,325-square-foot fully leased office campus at 13625 & 13675 Technology Dr. in Eden Prairie, Minnesota.

JLL worked on behalf of the borrower, Austin-based Virtus Real Estate Capital, to place the 10-year, full-term, fixed-rate loan from a CMBS lender.

Doug Opalka
Completed in 2001, the mid-rise office complex comprises three buildings that are NNN leased to Optum, a UnitedHealth Group family of businesses that is powering modern healthcare by connecting and serving the whole health system across 150 countries.

 The state-of-the-art office campus offers a comprehensive amenity package including a cafeteria, fitness center, covered parking, auditorium, and impressive glass lines.

 Situated less than 20 miles southwest of downtown Minneapolis, the suburban office property is strategically located near the intersection of Interstate 494 and U.S. Highway 212, allowing for ease of access throughout the metro area via multiple interstate and highway systems.

Also, in one of the Twin Cities’ largest suburbs, Optum’s campus is conveniently placed to offer centralized care for the community and is surrounded by an abundance of desirable neighborhoods and renowned education systems.

Chris McColpin 
The JLL Capital Markets team representing the borrower was led by Senior Managing Director Doug Opalka, Senior Director Chris McColpin and Analyst Alastair Barnes.

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 our newsroom.


About Virtus Real Estate Capital

Virtus Real Estate Capital, founded in 2003, is a hands-on, data-driven, curious investor that delivers compelling outcomes from cycle-resilient investments for all stakeholders.

 Alastair Barnes
Through thoughtful evolution and resilience in challenging times, Virtus has purposefully worked to foster thriving communities that empower people to live better lives.

Over the last 17 years, it has ac­quired 242 properties for a combined acquisition value of over $4.2 billion and has fully realized 179 property investments.

With a strong and established track record, Virtus has proven successful in all phases of the market cycle. For more information, please visit virtusre.com.

CONTACTS:

Natalie Passarelli
 JLL Senior Associate
 Public Relations
Phone: +1 (224) 477-7307



Lincoln Property Co. Names Thomas B. Grandoff New Director of Brokerage Services In Tampa Bay, FL


Thomas B. Grandoff 
TAMPA BAY, FL -- Lincoln Property Company Southeast, (LPC) a full service commercial real estate firm based in Orlando , which recently re-opened to start expansion again in Tampa Bay has hired Thomas B. Grandoff as Director of Brokerage Services at their downtown St. Petersburg office.  
Jon Slater, Senior Vice President of Brokerage Services in the Tampa Bay region said Grandoff has more than seven years of industry experience as a Broker-Associate with both JLL and KW Commercial.    
Jon Slater
“He will focus on occupier and landlord representation and will broaden Lincoln Property’s footprint here by bringing in new third-party landlord leasing and management assignments,” Slater said.  
Grandoff, who holds a Bachelor of Science degree from Auburn University ’s College of Business , also has more than four years of experience in logistics and supply chain management in Tampa .  
“Thomas has a well-rounded background with exposure to a wide range of businesses and he will play a significant role in our growth in Tampa Bay ,” said Scott Stahley Executive Vice President of LPC.

Scott Stahley 
About Lincoln PropertySoutheast

Lincoln Property Southeast is a commercial real estate firm offering a comprehensive suite of value-added services for clients.  
With a substantial local presence and history in the Southeast region, the company is ideally situated to provide superior service, which comes from striving to understand the goals and challenges of tenants, investors, lenders and owners of commercial real estate.  

 
CONTACTS:

Jon Slater, Senior VP, Brokerage Services, LPC, jslater@lpc.com 
813-505-3612

Scott Stahley, Executive Vice President, LPC,
407-872-3500 sstahley@lpc.com

Beth Payan, Larry Vershel Communications Inc. Beth@LarryVershel.com 
407-644-4142