Tuesday, September 8, 2020

PureStar Salutes Housekeeping Teams In Honor of International Housekeepers Week


Ann Berry

LAS VEGAS, NV, Sept. 8, 2020 – PureStar, North America’s foremost provider of laundry services and linen management to the hospitality industry, recognizes guest room attendants during International Housekeepers Week (September 13-19) for the essential services they provide to help create safe stays for enhanced guest experiences.


Sebastian Mitchell
Sebastian Mitchell, PureStar’s Chief Operating Officer said, “The efforts of our clients’ housekeeping teams are core to enjoyable, safe and clean hotel stays.

"PureStar is proud to partner with these dedicated heroes and heroines by providing them with the hospitality laundry solutions they need to create high-quality experiences for hotel guests.”

International Housekeepers Week is celebrated globally to honor the efforts of hard-working custodial and housekeeping staff members. Established in 1981, the tradition is celebrated annually during the second full week of September. 


 Vicky Cayetano

“PureStar has a long history of recognizing the critical importance of hotel housekeepers, with our organization’s laundry pioneers Vicky Cayetano, Angel Pis-Dudot, and Ed Chen celebrating over fifty years of combined partnership with housekeeping teams across the country” stated Ann Berry, board director of PureStar.


Angel Pis-Dudot
Cleaning employees have one of the toughest jobs in any hotel or building, but also one of the most important.


 Contact: 

Tracy Skenandore 
 Director of Corporate Communications & Public Affairs

o. 702.737.3100 | c. 702.217.0414 | e. tskenandore@kirvindoak.com
5230 W. Patrick Lane | Las Vegas, NV 89118
Follow us on FacebookTwitterInstagram & LinkedIn

660 J Street in Sacramento, CA trades to opportunity zone buyer


Cheri Pierce 
SAN FRANCISCO, CA, Sept. 8, 2020 – JLL Capital Markets announced today that it has closed the sale and financing of 660 J Street, a 124,471-square-foot creative office and retail property anchoring Sacramento’s DOCO entertainment and lifestyle district.

Rob Hielscher
 JLL’s Investment Advisory team represented the seller, a joint venture between the Sacramento Kings and JMA Ventures LLC, in its sale to the buyer, RevOZ Capital, a southern California-based opportunity zone buyer.

Additionally, JLL’s Finance team secured acquisition financing on behalf of the buyer.

 660 J Street is currently undergoing a redevelopment, and when completed in 2021, will be the area’s best-in-class creative office property.

Erik Hanson
The four-story building will feature a brilliant glass curtainwall, a rooftop patio, flexible floorplates and vibrant street-level retail. 

Located at the corner of 7th and J Streets, 660 J Street is a cornerstone of the DOCO District and is just steps from Golden 1 Center, the Kimpton Sawyer hotel and an array of restaurants and experiential retailers.

 Rob Hielscher, Erik Hanson, Michel Seifer, Michael Manas and Cheri Pierce of JLL Capital Markets represented the sellers, while financing efforts were led by Jeff Sause and Jordan Angel.

Michel Seifer
 “Sacramento is California’s top growth city and is one of only a few in the state that has seen strong positive migration in recent years,” Hielscher said. “660 J Street is a key component of the highly successful DOCO District of downtown Sacramento.

"It will be exciting to see the transformation of the building into one of the most high-end, mixed-use assets in the market.”

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


Michael Manas 

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.

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413. 

 About JMA Ventures LLC

Jeff Sause
JMA is a full-service investment and development firm focusing on real estate and leisure-lifestyle assets. The firm works on every project scope from concept and entitlement through completion and operation. For more information, please visit: jmaventuresllc.com.

About RevOZ Capital

RevOZ Capital facilitates the revitalization of federally sanctioned Opportunity Zones by providing co-investment capital to qualified developers of institutional quality projects. 

RevOZ’s unique approach is a product of the founders’ deep experience in urban redevelopment, capital markets and decades of cycle-tested commercial real estate experience. To learn more, visit revozcapital.com.

Jordan Angel
 About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 

JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities.

 JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020. 

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, please visit jll.com


Contact: 

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

Andrew Kurnit of DWNTWN Realty Advisors Secures $19 Million Construction Loan for Townhome Development in Opa-locka, FL


Planned 112-unit townhome project on a 10-acre site at 1719 NW 143rd Street within an existing 59-unit townhome development called The Mirage at Sailboat Cove in Opa-Locka, FL

Andrew Kurnit
MIAMI, FL – Andrew Kurnit of DWNTWN Realty Advisors, the premier commercial real estate firm, arranged a $19 million construction loan from City National Bank of Florida for a townhome development in Opa-locka, Florida.

Real estate investment firm Redwood National Properties, in a joint venture with David Burstyn of Winston Capital Partners, LLC, plans to build 112 four-bedroom, two-and-a-half-bathroom units on the 10-acre site located at 1719 NW 143rd St.

 The venture closed on the site acquisition concurrently with the construction financing on August 27.

 Redwood is led by Brian A. Sidman of BAS Holdings Investments, LLC. Kurnit was engaged by BAS to provide financial analysis and capital advisory services for the project.

Brian A. Sidman
 The development will consist of 23 separate four and five-unit buildings and the developers intend to target Section 8 Housing Choice Voucher Holders in its leasing strategy.

 The townhomes are expected to be highly coveted as the community will be gated, lakefront and well-appointed, all rarities for affordable and workforce housing.

 “Miami’s affordable housing crisis is extensively documented, and four-bedroom units are amongst the scarcest,” said Kurnit, head of DWNTWN’s capital advisory practice.

The project is unique for Miami as it contains enough acreage for townhome development, is both gated and lakefront and in close proximity to the region’s main employment and leisure drivers.”

The project is expected to begin delivering units in mid-2021, with full completion expected in early 2022. Each unit will feature contemporary finishes, high-impact windows and lake views. Coastland Construction will be the builder.

 Redwood’s site is located within an existing 59-unit townhome development called The Mirage at Sailboat Cove, which was initially constructed in 2007.


                           David Burstyn

 It is near Miami’s main transportation arteries and employment drivers, including I-95 and the Amazon mega-warehouse at Opa-locka Executive Airport.

 Kurnit spearheads DWNTWN’s capital advisory platform with a focus on securing debt financing and joint venture equity investments. Throughout his career, Kurnit has been involved in more than $2 billion of commercial real estate transactions, spanning all property types throughout the United States.

 For more information on DWNTWN’s other deals, 

  CONTACT:

Eric Kalis
Vice President
 BoardroomPR
O 954-370-8999 
C 305-794-5123

Central Florida retail center to undergo $10.9 million major redevelopment


 Pearl Britain Plaza, Ocala, FL

Rick Baer
MIAMI, FL – JLL Capital Markets announced it has arranged $10.9 million in financing for the redevelopment of Pearl Britain Plaza, a Publix-anchored neighborhood shopping center in the central Florida community of Ocala, Florida.

JLL worked on behalf of the borrower, a Miami-based family office and American Commercial Realty Corp. (ACR), the developer, to place the seven-year, fixed-rate loan with First Florida Integrity Bank. 

Loan proceeds will be used for the redevelopment of the property. 

George Kleier
The borrower plans on demolishing the existing Publix building at Pearl Britain Plaza that was constructed in 1991 and building a new 48,387-square-foot Publix supermarket with a drive-thru pharmacy anchoring the rebuilt 77,637-square-foot retail center. 

Publix has the No. 1 grocery market share in Florida. The redeveloped retail center will have improved visibility and access from all adjacent roads as well as a new façade, lighting and landscaping.

All the existing tenants have shown their commitment to the project post-renovation by contracting to stay at Pearl Britain.

Located at the intersection of NE 35th St. and NE 25th Ave., Pearl Britain Plaza is in Ocala, which is approximately 85 miles north of Orlando and 90 miles southwest of Jacksonville. 


 Justin Paul
The asset benefits from continued population growth and limited competition in the submarket.

“We are very pleased to have developed a plan which allows Publix to continue to serve the local market and its residents with an upgraded facility and improved appearance,” said Rick Baer, ACR President.

“A highlight of our efforts was the cooperation with the local government in developing a plan that benefits the center’s business while preserving the natural area surrounding it,” added George Kleier, ACR’s Director of Leasing and Development. 

Leasing Manager for the center, Justin Paul, pointed to the enthusiastic response he is receiving to the newly redeveloped spaces which will be available early in 2021.


Elliott Throne
The JLL Capital Markets team that represented the borrower was led by Managing Director Elliott Throne and Director Jesse Wright.

“The combination of a strong operator in ACR and a well-conceived business plan, led to a highly competitive lender field, even during a pandemic,” Throne said. “Once complete, this renovated Publix is in prime position to continue its exceptional sales trend.”

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.

Jesse Wright.
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.















CONTACT:

Kimberly Steele
JLL Senior Associate
Public Relations
Phone: +1 713 852 3420