Adrian McDermott Joins Ware Malcomb as Director, Design in Oak Brook, IL Office

Adrian McDermott 

 

 OAK BROOK, IL, Aug. 31, 2021 – Ware Malcomb, an award-winning international design firm, today announced Adrian McDermott has joined Ware Malcomb as Director, Design in the Oak Brook office. 

McDermott joins Ware Malcomb with over 15 years of experience in architectural design. He brings leadership and design experience in mixed-use, multifamily, office, retail, hospitality, healthcare, sports facilities, and cultural project types.

 He is well-versed in leading a design team and has in-depth experience mentoring others in his field.

Jinger Tapia

In his new role, McDermott will assist in the growth and evolution of Ware Malcomb’s national design platform, specifically within the Midwest, Northeast and Southeast regions. 

“Adrian is an excellent team mentor and inspiring leader,” said Jinger Tapia, Principal, Design at Ware Malcomb. “His innate design talent and multi-faceted approach to projects will further strengthen our team for growth and success across North America.”

McDermott holds a Master’s degree in Architecture from the University of Illinois Chicago and a Bachelor of Fine Arts degree in Design from Northern Illinois University. 

Throughout his career, he has held various adjunct and visiting teaching positions in the University of Illinois Chicago, School of the Art Institute of Chicago and the Illinois Institute of Technology.

 Contacts:              

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

Rachel@kcomm.com 

 Maria Rodgers, Public Relations Manager, 949.660.9128, mrodgers@waremalcomb.com

 Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128

 mbissonnette@waremalcomb.com

 

Stan Johnson Co. Brokers Off-Market Sale of Statesboro, GA Medical Office Building

 

Julie Clyburn

STATESBORO, GA -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of 1555 Brampton Avenue in Statesboro, Georgia.

 The 6,617-square-foot medical office building is fully leased to Atlanta Gastroenterology Associates but was vacant at the time of sale.

 Stan Johnson Company’s Doug Clyburn and Julie Clyburn represented the seller, Hamron Inc., an Atlanta, Georgia-based private investor, in the off-market transaction.

Doug Clyburn 

The asset was purchased by a local development firm for approximately $2.2 million reflecting an 8.84 percent cap rate.

 “We represented the seller of this off-market ‘dark’ medical office building located in Statesboro, Georgia,” said Doug Clyburn, Associate Director in Stan Johnson Company’s Alpharetta, Georgia office.

 “The tenant consolidated its operation into other facilities but has maintained the property and will continue to honor its lease for the six and a half years remaining on the original 15-year absolute triple net lease.

             Medical office building, 1555 Brampton Avenue,                                             Statesboro, GA

 

This provides the new owner with in-place cash flow, including 2.0 percent annual escalations, and they’ll have ample time to re-tenant or redevelop the property.”

 The property was built in 2004 and is situated on 1.45 acres. Statesboro, Georgia is located one hour northwest of Savannah and is a healthcare leader in southeast Georgia.

 The site is in close proximity to the East Georgia Medical Center and is adjacent to Georgia Southern University.

   Contact:              

 David Ebeling

 Ebeling Communications

   (949) 278-7851

  david@ebelingcomm.com

 

www.stanjohnsonco.com.

Peachtree Appoints Hospitality Executives to Leadership Positions

Delana Meyer (left) and Jeanne Smith

 ATLANTA, GA, Aug. 30, 2021 – Peachtree Hotel Group ("Peachtree") announced the appointments of Delana Meyer as vice president of digital media and strategy and Jeanne Smith as vice president of revenue to its hotel operations and management division, Peachtree Hospitality Management ("PHM").

They will report to PHM's senior vice president, revenue generation, Vickie Callahan.

 "I am proud to have these two exceptional executives join our leadership team," Callahan said. "Together, these women bring more than 50 years of sales, marketing and digital experience in the hospitality industry to the organization.

"Their expertise and leadership will be critical in helping Peachtree continue to drive measurable growth in its hotel portfolio."

Vickie Callahan

Consistent with PHM’s objective of fostering an environment of gender equality, these executive appointments confirm the company's commitment to this important area. PHM has approximately 50% of women in leadership positions.

 Meyer will be responsible for executing PHM's e-commerce property sales and marketing strategies in this newly created role.

Prior to joining the company, she served as vice president of business development and marketing for Zion Heritage, where she was responsible for developing new lodging projects near Zion National Park.

Previously, she was vice president of digital strategy for Crescent Hotels & Resorts and corporate director of e-commerce and marketing for John Q. Hammons Hotels & Resorts.

Zion National Park. Southwest Utah

 Smith will oversee revenue optimization strategies to increase topline revenue for PHM's portfolio of hotels.

Before joining the company, she spent 30 years with Marriott International and Starwood Hotels & Resorts where she held numerous leadership roles in revenue optimization, most recently as a leader with The Americas Eastern Region driving topline for the luxury and lifestyle portfolio.

Notably, she supported topline revenue teams with more than $1.5 billion in sales and provided strategic planning for more than 50 hotels, including extensive experience with hotel openings, transitions, and re-brandings.

CONTACTS:

Charles Talbert

678-823-7683

ctalbert@peachtreehotelgroup.com

  

CHRIS DALY

PRESIDENT

DG Public Relations, LLC

42806 Oatyer Court

Broadlands, Va. 20148

Main: 703-435-6293

Mobile: 703-864-5553

 chris@dalygray.com | www.dalygray.com

 

www.peachtreehotelgroup.com.

 

MGO Private Wealth Welcomes V. David Russell as Managing Director and Head of Family Office Services

V. David Russell 

 

 LOS ANGELES, CA, AUG. 30, 2021 – MGO Private Wealth is pleased to announce that 

V. David Russell has joined the MGO Private Wealth team as a Managing Director and the Head of Family Office Services.

 

 He will be based in Dallas, Texas and Los Angeles, California.

 

Bringing experience in both private equity and private wealth management, David will concentrate on building out the firm’s multi-family office practice and investment platform.

 

 He will also be involved in growing the firm’s focus on entertainment, sports, and media professionals and increasing the focus on the distinct financial interests of affluent people of color. 

Kevin O’Connell

 “We’re excited to have David on the team,” said Kevin O’Connell, CEO and Managing Partner. “He’ll be instrumental in the expansion of our Private Client Services practice, bringing together a comprehensive suite of solutions that include private wealth management, business management, tax and lifestyle financial services.”

Prior to joining MGO Private Wealth, David was a private banker at the JPMorgan Private Bank, where he created the firm’s diverse client business initiative designed to inform, connect, and advise affluent people of color.

Robert Roman

“When your source of wealth is non-traditional, you have unique needs for financial advisory services, and trust in your advisor is essential,” Russell observes.

“For many people of color, professional athletes, and entertainers, trust isn’t automatically there with traditional financial advisors.

"I work hard to bridge that trust gap and ensure all of our clients are both fully supported in expanding their financial and social influence.

"Being at MGO Private Wealth allows me to truly serve that role for our clients, continuing to grow their generational wealth and guide those new to wealth.

Louis Barajas

"Our multi-family office structure is designed to address those needs and go beyond what a traditional wealth manager offers.”

 Outside of his financial advisory and family office practice, David is involved in multiple academic and civic organizations, serving as an adjunct professor at the M.J. Neeley School of Business at Texas Christian University, a board member with Dallas Afterschool and Social Venture Partners, and an appointed member to the city of Dallas’s Public Facilities Corporation. 

 “David has a proven track record as well as extensive experience advising a wide array of clients including Fortune 500 executives, professional athletes, and entrepreneurs,” said Robert Roman, CEO of MGO Private Wealth.

 “His passion, innovation, and unique professional background makes him a strategic addition to our team.”

 Russell continues, “I’m excited to join Robert and Louis Barajas and the MGO Private Wealth team. 

"The MGO platform provides a deep pool of resources that will allow me to truly meet the clients where they are.

"Every client is unique and has their own stories, values, and priorities—our job is to be the conduit that helps them capitalize on that.”

CONTACT:

David Ebeling

Akrete Communications

949.861.8351

949.278.7851 (Cell)

Dave.Ebeling@akretecommunications.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

JLL Capital Markets arranges $46 million bulk sale of 111 residential condominium units at 100 West 93rd Street in Upper West Side Manhattan, NY

 Maria Daou 

 

 NEW YORK, NY— JLL Capital Markets has closed the $45.625-million bulk sale of 111 condominium units at 100 West 93^rd St., a 280-unit, 301,776-square-foot residential condominium property with ground-floor retail in New York City’s Upper West Side. JLL also assisted with the financing for the buyer.

100 West 93^rd Street, Upper West Side, Manhattan, NY

JLL marketed the bulk package at the multi-housing property on behalf of the seller, ABC Properties; Aulder Capital acquired the condominium units.

 Originally built in 1973, the 29-story property was converted to a condominium property in 2006 and features a successful ground-floor retail component anchored by a Trader Joe’s.

Bob Knakal

The building is located on the southwest corner of West 93^rd St. and Columbus Ave. 

The unit mix included in the sale consists of 22 studios, 41 one-bedrooms, 33 two-bedrooms and 15 three-bedrooms.

Most of the units are located on the upper floors, offering outdoor terrace space and sweeping views of the Hudson River and Central Park West.

Capital improvements to the property include upgrades to the lobby, hallways and amenities and the addition of more than 15,000 square feet of outdoor space.

 Hall Oster

The JLL Capital Markets team representing the seller was led by Chairman-NY Investment Sales Bob Knakal; Managing Directors Hall Oster, Paul Smadbeck, Jonathan Hageman; Vice Presidents George D’Ambrosio and Teddy Galligan, and Associate Braedon Gait.

The financing was led by Senior Managing Director Max Herzog and Vice President Marko Kazanjian.

 “This bulk condominium package will benefit from a repositioning campaign and the activation of the second-floor outdoor amenity space,” Knakal said.

Paul Smadbeck

“The layouts and configurations present significant opportunity for renovation as the units become vacant, with the possibility of market-rate rentals or individual unit sales.”

"There is substantial pent-up demand for high-quality residential units on the Upper West Side, and recent trends show signs of a strengthening sales market," added John Reid, VP of Acquisitions at Aulder Capital.

“This is Aulder Capital's second acquisition of bulk residential condominium units and their first in Manhattan.

Jonathan Hageman

Warburg Realty and top agent Maria Daou will remain the exclusive selling agents for the new sponsor and will be resuming active sales in fall 2021.

 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 sales and advisory, debt advisory, equity advisory or a recapitalization. 

George D’Ambrosio 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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

 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.

Max Herzog

JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021. 

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

 

CONTACTS:

Cierra Lacasse

PR, Capital Markets

JLL

T +1 602 648 8701

M +1 408 318 8021

JLL.com

 

 George Shea, Rachel Tate

Shea Communications

Phone: +1 212 627 5766

Email: rachel@sheacommunications.com

 

JLL Capital Markets closes sale of 91,588-square-foot Hy-Vee-anchored retail center in Dubuque, IA

Amy Sands

  CHICAGO, IL – JLL Capital Markets has closed the sale of Warren Plaza, a 91,588-square-foot retail center anchored by Hy-Vee in Dubuque, Iowa.

 JLL marketed the property on behalf of the seller, The DESCO Group. A private investment fund based in the midwest purchased the asset.

Kirstey Lein

Warren Plaza is anchored by Hy-Vee, the No. 1 grocer by market share in Iowa, and home to a dominant lineup of diverse national and regional tenants, including UPS, SuperCuts, Jersey Mikes, Miracle Ear, Grand River Medical Group and OneMain Financial.

Clinton Mitchell

The center also features a Target shadow anchor and non-owned Chick-fil-A. Completed in 1979, the center expanded the Hy-Vee store in 1994 and 2013.

 The property is located at 3500 Dodge St. on the southeast corner of Dodge Street (U.S. Highway 20) and Wacker Drive along the main retail corridor in Dubuque, a suburban community in the tri-state MSA that encompasses eastern Iowa, northwestern Illinois and southwestern Wisconsin.

 Customers can easily access Warren Plaza via signalized entry. 

The center pulls from a trade area that includes nearly 73,539 residents with an average annual household income of $73,587 living within a five-mile radius.

The JLL Retail Capital Markets team that represented the seller was led by Managing Directors Clinton Mitchell and Amy Sands, Associate Michael Nieder and Analyst Kirstey Lein along with Managing Director Marcus Pitts.

Michael Nieder

 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 sales 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.

Marcus Pitts

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

 About The DESCO Group

Founded in 1993 in St. Louis, Missouri, DESCO is a vertically integrated real estate operating company that acquires, develops and manages neighborhood shopping centers.

DESCO manages a portfolio of over 40 shopping centers on behalf of its investment partners.

 CONTACT:

Cierra Lacasse

PR, Capital Markets

JLL

T +1 602 648 8701

M +1 408 318 8021

JLL.com

 

StonebridgeCarras completes capitalization of Oakville mixed-use development project in Alexandria, VA

 Susan Carras

 ALEXANDRIA, VA  – StonebridgeCarras and PCCP announced  a series of transactions had been completed that will allow the development of the Oakville Triangle mixed-use development project in Alexandria, Virginia, proximate to the Del Ray neighborhood, National Landing, the new Potomac Yard Metro Station and the Virginia Tech Innovation Campus.

Rina Bansal

Oakville Triangle is a 1 million square foot master planned development.  The initial phase will include:

 

·         Inova Health System’s new four story, 95,000 square foot HealthPlex

·         84 townhouses under contract to be developed by Tri-Pointe Homes

·         Potomac Yard Mini U Storage, a 103,000 square foot self-storage building that will be completely renovated and is now owned and managed by affiliates of Dahn Corporation.

·         571 new multi-family units and 37,000 square feet of retail fronting on Richmond Highway.

Walter Coker

The Oakville Triangle project is located prominently on the Richmond highway (Route 1) adjacent to National Landing, Potomac Yard and Del Ray neighborhoods. 

 

This area is Northern Virginia’s fastest-growing submarket that includes major employers like Virginia Tech’s Innovation Campus and Amazon’s soon to be HQ2 among others.

 

Stonebridge and PCCP formed a joint venture for the development of the site and ownership of the residential and retail components.

Brian Crivella

Demolition of the existing industrial buildings will commence immediately, and development of the new projects will start this Fall with the initial components delivering in the Fall of 2023 and final completion in the Winter of 2024.

”We are very pleased to bring the Oakville Triangle project to fruition after many years of planning,” said Douglas M. Firstenberg, a Principal with Stonebridge.

“There are many partners that have been working with us and will contribute to the long term success of this dynamic, walkable mixed-use project adjacent to National Landing that will benefit from the soon to open Amazon HQ2, the Virginia Tech Innovation Center and the Potomac Yard Metro Station.”

Owen Claypool

 “PCCP is excited to kick-off its first joint-venture with Stonebridge, a highly experienced local developer,” said Ryan Dodge, Senior Vice President with PCCP.

“The project is extremely well located within the center of Northern Virginia’s healthy employment environment, which is home to the Pentagon, over 100 defense contractors, and technology companies including Google, Facebook, and Amazon’s soon-to-be HQ2.

"We see this project helping to meet a demand for housing in this area as population and jobs have been growing.”

Steve Mellon

“We are excited that the project has met this new milestone. The new Inova facility in Oakville Triangle will help meet the growing healthcare needs in our community and complement our existing full-service acute care hospital in Alexandria,” said Rina Bansal, MD, MBA, and President of Inova Alexandria Hospital.

 “Inova’s continued commitment to the City of Alexandria promises even greater access to the world class healthcare services Inova provides throughout the region.”

 

"We're honored to work alongside the StonebridgeCarras and PCCP teams on an incredibly dynamic mixed-use project, such as Oakville," says Brad Blank, president of Tri Pointe Homes DC Metro Division.

Steve Conley

With a 40-year presence building connected communities in the DMV area, we're excited to bring premium townhomes to the area and offer Alexandria residents a convenient and unique living experience with nearby shopping, amenities and transportation."

 The JLL Capital Markets team representing Stonebridge in creating the joint venture with PCCP was led by Steve Conley, Susan Carras, Walter Coker, Brian Crivella and Owen Claypool.

 

The JLL team that arranged the transaction with Dahn was led by Steve Mellon, who co-leads the firm’s national self-storage group, Bruce Strasburg and Craig Childs.

Bruce Strasburg 

The Avision Young team representing Inova was led by Dave Millard and Peter Berk.

 The Enterprise Realty team of Steven Varga and Stepan Varga arranged  the Tri-Pointe transaction.

 About Stonebridge: 

 Stonebridge is a privately held real estate development and investment firm focused on creating exceptional places in the Greater Washington area.

Craig Childs

The company’s portfolio includes several of the region’s most successful mixed-use projects including Constitution Square, 200 Eye Street, SE and Flats at Bethesda Avenue and The Darcy. 

During the past twenty years, the principals of Stonebridge  have been involved in the acquisition, development, joint

 venture, financing and disposition of real estate assets in the Washington area exceeding $6 billion in value. 

Dave Millard

About PCCP, LLC:  

PCCP, LLC is a real estate finance and investment management firm focused on commercial real estate debt and equity investments.

  PCCP has $13.1 billion in assets under management on behalf of institutional investors.  

With offices in New York, San Francisco, Atlanta, and Los Angeles, PCCP has a 23-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements. 

Peter Berk

PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. 

Since its inception in 1998, PCCP has managed, raised or invested over $26.0 billion of capital through a series of investment vehicles including private equity funds, separate accounts and joint ventures.  

PCCP continues to seek investment opportunities with experienced operators seeking fast and reliable capital. Learn more about PCCP at www.pccpllc.com.

.CONTACTS:

Cierra Lacasse

PR, Capital Markets

JLL

T +1 602 648 8701

M +1 408 318 8021

JLL.com

 

STONEBRIDGE – Douglas M. Firstenberg

301/652-8292

 

PCCP: Darcie Giacchetto 949/278-6224

 

INOVA:Tracy Connell 703-289-2087

 

Stonebridge.us.com