Saturday, March 6, 2021

Weir and Leachman named to co-lead JLL Capital Markets in DC

Andrew Weir 

 WASHINGTON, DC – JLL announced Senior Managing Directors Andrew Weir and Jamie Leachman have been appointed to co-head JLL Capital Markets in its Washington, D.C. office.

Weir will lead the Washington, D.C. investment sales advisory platform and Leachman will oversee the debt and equity placement business.

Weir joined HFF in 2004, which was then acquired by JLL in July 2019. He has more than 25 years of commercial real estate experience. 

 During his career, he has successfully closed more than $22 billion of office investment sales, recapitalizations, and portfolio transactions in the Washington, D.C. metropolitan area.

He holds a Bachelor of Arts degree from the University of Rochester and MBA in Real Estate and Finance from the University of Wisconsin. 

 Jamie Leachman

Leachman joined JLL as part of the HFF acquisition in July 2019 and has more than 16 years of experience in the commercial mortgage banking industry.

During the course of his career, he has been involved in more than $10 billion of debt and equity transactions, specializing in multi-housing properties and portfolios in the Washington, D.C. metropolitan area.

. Leachman holds a Bachelor of Science degree and a Master of Business Administration degree from University of Virginia.

 “Jamie and Andrew are integral members of our Washington, D.C. team, as well as nationally,” said Jim Meisel, Senior Managing Director and former co-lead of JLL Capital Markets Washington, D.C.

 Jim Meisel
 “Both exemplify what we look for in leaders for this company and we are excited to transfer the reigns, so to speak, to the next generation.”

“Jamie and I are tremendously honored to take over as co-heads of the Washington, D.C. office and we owe a debt of gratitude to both Stephen Conley and Jim Meisel for their leadership, mentorship and guidance over the last several years,” said Weir. 

 Leachman added, “We look forward to continuing to grow upon JLL’s position as the top capital markets intermediary in the industry with creative solutions for our clients in this ever-changing real estate landscape.”

Stephen Conley 
Conley and Meisel, former co-leads of JLL Capital Markets Washington, D.C., will remain with the firm as top-performing producers for the group.

Conley also sits on the JLL Capital Markets Executive Committee Council, which is responsible for providing national direction and leadership to the entire Capital Markets business.

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

 

  

CONTACT:

 Kristen Murphy

JLL Senior Manager

Public Relations

Phone: +1 617 848 1572

Email:  Kristen.Murphy@am.jll.com

jll.com.


$28.1 million refinancing secured for Sunset Boulevard creative office building in Hollywood market, Los Angeles, CA

6725 Sunset Boulevard office building,
 Hollywood market, Los Angeles, CA
 

LOS ANGELES, CA –

 Todd Sugimoto
 JLL Capital Markets announced it arranged $28.1 million in proceeds to refinance 6725 Sunset Blvd., a 73,851-square-foot, newly-renovated Class A creative office building in Los Angeles, California.

 JLL worked on behalf of the borrower, Vanbarton Group LLC, to secure the floating-rate loan through Global Atlantic Financial Group.

 Located along famed Sunset Blvd., the building is positioned in the heart of the Hollywood market, supported by a strong base of entertainment and media companies, as well as an increasing number of tech and creative-office users.

This market has seen an influx of young professionals in recent years, drawn by the abundance of high-earning jobs, walkable neighborhoods and comprehensive lifestyle offerings that are developing across Hollywood.

Spencer Richley

 Vanbarton Group recently completed a multi-million-dollar renovation of the property, including upgrades to the building’s private courtyard, common areas, lobby, entrances and corridors.

The five-story building includes roughly 15,000 square-foot floor plates and now boasts several modernized and turnkey office suites immediately available for lease.

The JLL Capital Markets team representing the borrower was led by Managing Director Todd Sugimoto, Director Spencer Richley and Director Keith Rosso.

 “Major entertainment and tech companies continue to pour billions of dollars into content creation annually, and Hollywood remains the epicenter of the entertainment industry,” Richley said.

Keith Rosso
 “Global Atlantic understands the Hollywood market and the value of a well-located, newly renovated asset like 6725 Sunset Blvd.”

 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.                                         

To find out more about Vanbarton, please call 212-293-8800, or visit the firm’s website at http://www.vanbartongroup.com/

   CONTACT:

 Kristen Murphy

JLL Senior Manager

Public Relations

Phone: +1 617 848 1572

Email:  Kristen.Murphy@am.jll.com

jll.com.

 

RECI Finds Bond investors expecting quick economic recovery

 

John Oharenko

Chicago, IL – The Real Estate Capital Institute® (RECI) states that characterized by brutal weather for most parts of the nation, the second month of the year finished with slightly higher rates and widened mortgage spreads between short and longer-term debt.  

Bond investors expect quick economic recovery and gain more comfort with the new administration's policies on wage growth and government spending mandates. 




As a result, higher yield expectations prevail, translating to treasury rates of about a quarter-point for shorter-term debt and forty basis points for long-term debt.

 Apartment financing programs represent the tightest mortgage spreads in the commercial property industry.  Low-leverage loans of 55% or less provide pricing starting in the mid-two-percent-range for five-year terms and a half-point higher for ten-year debt.  

Conversely, higher-leverage debt approaching 80% LTV starts in the lower-to-mid-three-percent range.  Other commercial properties generally feature pricing beginning in the mid-three-percent level with exceptions for lower-leverage prime assets.


All-in-all, fund availability remains high as lenders seek new loan opportunities but find few options – especially for strong-performing assets.

 The Real Estate Capital Institute's director, John Oharenko, advises, "2021 should continue to show improved property performance, as markets recover from the pandemic."

 The Real Estate Capital Institute® is a volunteer-based research organization that tracks realty rates data for debt and equity yields.  

    CONTACT:

John Oharenko 

john.oharenko@reci.com

 Executive Director

The   Real Estate Capital Institute®

Chicago, Illinois USA 60622

director@reci.com / www.reci.com

Santa Clarita, CA Offers Strategies to Eradicate Covid-19

 Dr. Richard L. Corsi

SANTA CLARITA, CA -- Developing and distributing a vaccine to combat Covid-19 is only half the battle. According to experts, if we want to eradicate the disease, other strategies will also be required such as UV-lighting improved filtration systems in buildings.

 According to Richard Corsi, Dean of the College of Engineering and Computer Science at Portland State University, although the CDC suggests that schools think about ventilation improvements, there is presently no specific guidance on the CDC website on how to do this.

Current CDC guidance on this topic states:

Consider ventilation system upgrades or improvements and other steps to increase the delivery of clean air and dilute potential contaminants in the school.

"Obtain consultation from experienced Heating, Ventilation and Air Conditioning (HVAC) professionals when considering changes to HVAC systems and equipment.”


Dr. Edward Nardell

 In a recent study published by Edward Nardell, Harvard University professor in the Departments of Environmental Health and Immunology and Infectious Diseases, stated, “No one doubts the efficacy of germicidal UV in killing small microorganisms and pathogens.

"I think the bigger controversy, if there is any, is misperceptions around safety.”

 Given that significant costs may be involved to install such systems funds have been earmarked as part of the $1.9 Trillion Relief Fund for ventilation improvements.

 Answers on UV Light and Air Filtration can be found today in Santa Clarita, CA

 Expertise on how to best deploy UV light and filtration systems is in Santa Clarita, CA where a cluster of five companies have been operating there since even pre-Covid days.


Companies like UltraViolet Devices, Inc., UV Resources, Applied Companies and Visual Terrain, and 4 Star Lighting, offer a wealth of knowledge as Covid-19 is not the first crisis they have had to deal with – the wildfires in California last year for one, helped develop expertise in  the elimination of micro-particles and contaminants in the air, which include micro-organisms such as the SARS-COV-2 virus aka COVID 19.

 Dr. Anish Mathur

 According to Dr. Anish Mathur, Vice President of Innovation and Technology at UltraViolet Devices, Inc., “since the late 1800s scientists have known that ultraviolet-C rays (UVC light), which are shorter wavelengths of ultraviolet light rays emitted by the sun can kill micro-organisms."

 The company has been busy installing UVC lights within air filtration systems of buildings such as hospital, helping purify the quality of air in places where there’s no possibility to open windows.

Daniel Jones

 The V-MAX air disinfection technology (UV-C light), supplied by UltraViolet Devices Inc., for example, is placed in an HVAC system to improve indoor air quality.

 “The first layer of defense is high efficiency filters. There is also UV-C disinfection sanitation robots in retail settings with biotechnology that have been deployed in grocery store that run on battery that are used for surface disinfectant,” Mathur stated.

The UV-C light robots are part of a multi-layered approach as are UV-C disinfection in ducts and air purifiers.

 Another local company, UV Resources, has been specializing in duct work and upper air germicidal UV-C light figures for the past 23 years.

“Upper air UV systems work by creating an irradiation zone within the upper region of most any space, and have been especially useful in healthcare settings, but are also found in food, commercial, and institutional applications,” says Daniel Jones, Vice President at UV Resources.

Claire Barnett

 Applied Companies has taken it a step further and specializes in the installation of Environmental Control Units (ECUs), that are used to cool or heat sophisticated electronic equipment used in some of the most advanced systems deployed by NASA, US military and large industrial companies.

 It offers vast experience in engineering specialized Chemical, Biological, Radiological and Nuclear (CBRN) filtration products to make atmospheric environments safe for personnel and high value assets.

 If you’re not sure where to even start, Visual Terrain, is there to help. The company has been working with companies and communities to help them determine which Germicidal Lighting products and filtration systems, presented by third-party vendors make the most sense, including surface, upper-air, and HVAC disinfection systems.

Lauren Weste

 "There is not a lot of awareness about indoor air," said Claire Barnett, founder of the Healthy Schools Network.

She said the problem has worsened though since the US Environmental Protection Agency stopped funding its indoor air program for schools 10 years ago.

Neither CDC or the Department of Education has expertise on indoor air in schools now, she said.

 Steps taken by the Santa Clarita city government can serve as an example of what communities across the U.S. should consider taking moving forward.

 “UV-C is now installed in the City Hall, the maintenance building, a library, and we are working on other institutes as well. The goal is to incorporate it in all city facilities,” said Lauren Weste, Santa Clarita City Councilwomen.

 Viruses, including COVID-19 and beyond, are unfortunately here for the long haul.  Investments need to be made, like those made in Santa Clarita, to prepare for a safer future.

  CONTACT:

David Margolis
Principal
Conway PR & Marketing

Tel: 917 331 4855

Email: david@conway.com
www.conway.com

 


West Coast debt and equity team expands with multi-housing experts

Annie Rice

 LOS ANGELES, CA – JLL Capital Markets announced Annie Rice and Brandon Smith have joined the firm as Managing Directors in its Los Angeles office.

Ms. Rice and Mr. Smith will focus on debt and equity placement transactions nationwide reporting to Senior Managing Director Bill Fishel.

Brandon Smith

The team is also joined by Samantha Jay, who will be joining JLL as an Associate.

 Ms. Rice and Mr. Smith have a combined 30 years of experience and have successfully executed more than $26 billion in multi-housing debt and equity financing throughout their career.

Samantha Jay

 Ms. Rice spent the last nine years at CBRE. Prior to that, she worked at the Bascom Group, a private equity firm specializing in value-added multifamily investments.

She holds a Bachelor of Science from the University of Southern California with a minor in global communications and is an active member of NAIOP and ULI.

 Mr. Smith has a diverse background spending the last 10 years at CBRE, while also writing 5Stat Monday, a news resource for real estate owners and professionals.

Prior to that, he spent time on working for the San Francisco 49ers and as a senior campaign staffer for a former Senate Majority Leader.

 Mr. Smith began his career as a Vice President with Legg Mason Real Estate Investors, originating high leveraged debt on commercial properties.

Charles Halladay

Mr. Smith earned a Bachelor of Science from the University of Southern California and is an active member of ULI.

 “Annie and Brandon are two of the most knowledgeable, well-respected multi-housing financiers on the West Coast,” said Fishel.

“We are ecstatic to welcome them and Samantha to our team. We remain focused on recruiting, promoting, and retaining the most talented women and men in the business, and while JLL was already the most active debt intermediary in America, we became even stronger in Southern California today.”

 “The addition of Annie and Brandon to JLL reflects our commitment to continue to grow as one team with best in class individuals, focused around collaborating and adding value to our trusted clients,” added Charles Halladay, Senior Managing Director and co-lead of JLL’s National Multi-Housing practice.

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

Investor Services

JLL

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

 www.jll.com