Mike Huth promoted to an Executive Vice President of Debt Capital Markets for JLL’s Hotels & Hospitality Group

Mike Huth

LOS ANGELES, CA – JLL Hotels & Hospitality announced  Mike Huth has been promoted to an Executive Vice President of Hotels Debt Capital Markets, continuing to report to Senior Managing Director Kevin Davis. 

Huth will help lead the firm’s hotel investment banking strategy and will oversee deal execution across the platform.

Based in Los Angeles, Huth will be a key partner in the hotel investment banking leadership, in addition to maintaining client coverage responsibilities in the western region of the United States. 

Kevin Davis

This new role was created to continue supporting the growing demand and opportunity set for the debt side of business.

 “Mike is an incredibly strong strategic thinker who brings a wealth of experience in executing transactions at the highest level,” said Davis, Head of Debt Capital Markets for JLL Hotels & Hospitality. 

“In his expanded role, Mike will assist in growing our financing platform, while also continuing to deliver excellent service to our clients.”

 Huth first joined the firm in 2006 and has immense experience in underwriting, structuring and arranging debt and equity financing, as well as advising clients regarding loan workouts and modifications. 

A seasoned industry veteran, Huth has built strong relationships with investors and lenders and skillfully pairs clients with the right capital source for each transaction.

 For more news, videos and research resources on JLL, please visit our newsroom.

 CONTACTS: 

Kristen Murphy

JLL Senior Manager

 Public Relations

Phone: +1 617 848 1572

Email: Kristen.Murphy@am.jll.com

 

 Natalie Passarelli 

JLL Senior Associate

Public Relations

Phone: +1 224 477 7307

Email:  Natalie.Passarelli@am.jll.com

 jll.com

 

Daum Commercial Architects CBD Emporium's Corporate Expansion Headquartered in Phoenix, AZ

Metro Industrial Center,  2424 West Desert Cove Avenue
 Phoenix, AZ

 PHOENIX, AZ – DAUM Commercial Real Estate Services has successfully arranged the 7.5-year lease of a nearly 16,500 square-foot flex/industrial building in Phoenix, Arizona on behalf of both the lessee, CBD Emporium, a health and wellness company specializing in hemp-derived CBD products, and the landlord, a California-based private investor.

Carter Wilson

 According to DAUM Associate Carter Wilson, who completed the lease transaction alongside DAUM Executive Vice President David Wilson, the property will serve as the new corporate headquarters of the tenant, CBD Emporium, Inc.  

 “The CBD industry is booming in Arizona, due in part to regulatory changes,” explains Carter. “The tenant was experiencing a critical need for a larger headquarters location to accommodate its rapidly growing retail operations throughout the Phoenix area and the greater Southwest.”

 David notes that this property features large offices for the executive and administrative teams, as well as a fully air-conditioned distribution warehouse.

 “This was truly a win-win for both the lessor and the lessee,” David continues. “CBD Emporium secured a new home base ideally suited to its operations, while the landlord benefits from a high-performing tenant poised for further success.”

David Wilson

 Carter adds that DAUM was able to help facilitate an easy transition for the tenant, even throughout the hectic expansion period and further hurdles caused by the pandemic.

 “We could not be more impressed with the professionalism of the DAUM team,” noted CBD Emporium’s Vice President of Operations, Stacey Schofield. “The ease of the transition demonstrates clearly why DAUM is a leader in helping fast-growing companies like ours.”

This will be the second corporate headquarters the Wilson Team has moved into the Metro Industrial Center this year. 

The property is located at 2424 W. Desert Cove Ave. in Phoenix, Arizona. The total consideration of the lease is approximately $1.5 million.

 Contacts: 

Katie Haga / Elisabeth Manville  
Brower Group  
(949) 438-6262 
khaga@brower-group.com 

http://www.daumcommercial.com/

Western Wealth Capital purchases 659-unit apartment community in Tempe, AZ

 Janet LePage

 TEMPE, AZ  -- Wealth Capital (WWC), a growth-oriented real estate investment company, announced today the acquisition of Onnix, a 659-unit apartment community in Tempe, Ariz. at 1500 E. Broadway Road.

Onnix was originally constructed in 1984 and features 38 apartment buildings, in addition to abundant parking.

The community offers studio, one- and two-bedroom apartments with vaulted ceilings, oversized closets, private balconies or patios, granite countertops in kitchens, wood-style flooring and stainless steel appliances.

Onnix apartments, Tempe, AZ

Onnix amenities include four resort-style pools with hammocks, barbeque grills, cabanas, a clubhouse featuring a full kitchen, large screen TV, full-size pool table and shuffleboard as well as a sauna, dog park, yoga studio, tennis courts and sand volleyball courts.

The property is located in Tempe, near Arizona State University (ASU), and some of the top employers in the state.

“One goal of this acquisition is to add value to the community as we maximize returns for investors and create an even better place to live for residents," said WWC CEO Janet LePage.

"Upgrades are planned for the property’s common areas to heighten their usability and desirability, which is part of the partnership’s focus on community engagement and resident programs. We are thrilled to add Onnix to our growing national portfolio.”  

The property is located minutes from downtown Tempe – home to ASU, the largest university in the country with total enrollment of 111,000 students, and Mill Avenue District, with more than 100 restaurants, shops and arts and entertainment venues.

Notably, Tempe has recently benefitted from unprecedented job creation, as financial services and technology companies relocate into the market.

The acquisition further increases WWC’s U.S. rental portfolio, which comprises real estate in Houston, Dallas, Phoenix, Atlanta and San Antonio.

The acquisition also marks WWC’s 54th acquisition in the Phoenix market. WWC has acquired more than 77 multifamily properties in the U.S., with most purchases completed between 2016 and now.

  CONTACT:

 Alison Walsh

 PR Account Supervisor

PR for WWC

The Ferraro Group Phoenix

120 N. 44^th St. #310

Phoenix, AZ 85034

www.TheFerraroGroup.com

c. 602.741.0866