Glidewell Dental Ceramics, Inc. signs 40,645 square-foot, 10-year lease with BLT Enterprises for industrial building in Irvine, CA

Lisa Tamayo

 Irvine, CA – BLT Enterprises, a multi-faceted real estate investment company, has successfully secured the long-term, 10-year lease of its 40,645 square-foot industrial building in the Central Orange County submarket of Irvine, California, after acquiring the property in the third quarter of 2020.

 The tenant, Glidewell Dental Ceramics, Inc., is an industry leader in providing dental lab products and services.

Allison Kelly 

“This long-term lease reflects the strength of the property’s fundamentals, BLT’s commitment to our comprehensive renovation plan, and of the industrial market as a whole,” says Lisa Tamayo, Vice President of Real Estate at BLT Enterprises.

 “Buoyed by the strongest industrial demand in Orange County within six years, the property attracted robust tenant interest based on its inherent value and on the high-quality, strategic improvements BLT is implementing throughout the asset, which positioned the building as the right fit for Glidewell’s needs.”

Grant Labounty 

 The property, which is situated in close proximity to John Wayne airport, is located at 17466 Daimler Street in Irvine, California.

 Grant Labounty and Justin Smith of Lee & Associates represented BLT Enterprises as the lessor in the approximately $6 million transaction.

Allison Kelly of CBRE represented Glidewell as the lessee.

 As a multinational conglomerate, Glidewell provides dental professionals with high-quality dental lab products, services, technology, and education that helps to simplify treatment, optimize results, and improve the lives of customers and their patients.

Justin Smith

 BLT Enterprises specializes in acquiring, renovating, and transforming existing industrial, office, and flex buildings into assets that appeal to today’s tenants.

 “BLT focuses on serving as a ‘lifetime landlord’ to our tenants; a concept through which we create environments where companies have the opportunity to evolve and expand within our portfolio of properties,” says Tamayo

 “Our depth of experience working closely with industrial users gives us unique insights into the needs of today’s tenants, and how those needs are evolving.

 "We draw upon that knowledge to strategically upgrade and customize properties, enhancing the overall value of each asset and delivering deep long-term value to both BLT and our tenant customers.”

 

 CONTACTS:

Katie Haga/Elisabeth Manville

Brower Group

(949) 438-6262

khaga@brower-group.com

 

Miles Sanchez

 PHOENIX, AZ -- Vestar, the largest privately held shopping center owner and manager in the Western United States, announced that Miles Sanchez has joined the company as the new Executive Vice President of Operations.

 “We are excited to welcome Miles to the Vestar team,” said David Larcher, President of Vestar. “He has proven throughout his career that he is a dynamic leader with the innate ability to respond to changing trends and new opportunities.

David J. Larcher

"We’re confident that he’s going to be a major asset as we continue to evolve our portfolio.”

 Sanchez is responsible for helping lead and manage Vestar’s overall business operations.

 He comes to Vestar from Weingarten Realty Investors, where he was responsible for leading and growing the company’s western region to over 80 shopping centers and mixed-use projects throughout the western United States.

 

 CONTACT:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.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.”

 vestar.com.

Live Puerto Vallarta Auction on Stunning Oceanview Home Set For Sept. 24 in Mexico

 

Fontana Fitzwilson

JALISCO, PUERTO VALLARTA, MEXICO — A public auction will be held Friday, Sept. 24th at the site of Villa Serinidad, 30 Calle West, in Puerto Vallarta’s trendy South Shore.   The auction will be conducted by Williams & Williams, a worldwide real estate auction firm and leader in global live and interactive auctions.     The live auction will take place at 2pm Central, with simultaneous online bidding available from anywhere through AuctionNetwork.com.   Villa Serenidad, Jalisco, Puerto Vallarta, Mexico Villa Serinidad is a stunning home cascading down several floors with 270-degree ocean views.   Built to comfortably house a large family and guests, its 6 bedrooms includes 3 Casitas that make this property a potential boutique hotel or Airbnb. There are even quarters for a live-in owner or caretaker. “Anyone would love to visit or live in this beautiful hillside home,” said Fontana Fitzwilson, Executive Vice President of Williams & Williams.   “It’s filled with beautiful architectural details that you find in high-end homes in Mexico, and there’s a million-dollar view from every room!”   She added that unlike the U.S. real estate market where a simple 1 bedroom condo in Santa Barbara can sell for upwards of $2 million, Puerto Vallarta real estate is incredibly affordable and offers significant value.   “It’s amazing how much buying power we have in Puerto Vallarta.”   Villa Serenidad is located in Mismayola, a gated community with guards. The property is located in the desirable Zona Romantica and there is easy access to restaurants, beaches, entertainment and shopping.

 

CONTACT:

 Cindy Dees

cindy.dees@williamsauction.com

 Agility Distribution US.
United States, 806 Leonard Road, Los Angeles CA, 90049
delivery@agilitypr.delivery

Budget Secrets Revealed: Western Specialty Contractors Offers Facility Managers Tips for Building Exterior Budget Season

 

Tanya Shepherd

St. Louis, MO -- As the fourth quarter of 2021 approaches, many facility managers begin preparing for the upcoming budget season. The item that most often gets missed in budgeting, say the experts at Western Specialty Contractors, is façade maintenance and repair.

The facade of the building has a useful life and when it comes to the end of that time period, it can be a big expense to take on projects like re-caulking or refreshing all four elevations of a building and sealing windows.  "An anticipatory capital budget can keep ownership aware of the big picture for upcoming repairs and replacements.

“Educating the property owner about the importance of your priority projects is probably what gets missed the most during budget season,” says Tanya Shepherd, Senior Business Development Manager at Western Specialty Contractors.  “Most buildings will already have an HVAC, elevator or roof budget and a capital plan in place, but they rarely have a capital budget for their façade.”

Shepherd suggests making sure explanations are clear and to ask for a sit-down meeting with ownership so they understand the pros and cons of not placing a particular exterior project in the coming year’s plans.

  

For assistance in creating a budget for exterior maintenance, please contact the Western Specialty Contractors branch location nearest you: http://www.westernspecialtycontractors.com/western-locations/.

 

CONTACT:

Jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com