Saturday, November 13, 2021

Western Specialty Contractors Expands Diversity Initiatives, Appoints Aaron Moore Manager of Talent Acquisition & Diversity

Aaron Moore
 

 

St. Louis, MO -- Western Specialty Contractors, the nation’s largest and oldest specialty contractor in masonry and concrete restoration and waterproofing, recently expanded its diversity and inclusion efforts with initiatives focused on attracting more candidates with culturally diverse backgrounds.

To lead the expanded efforts, Western promoted Aaron Moore to the new position of Manager, Talent Acquisition & Diversity. 

Western has always had an Affirmative Action plan and promoted diversity across the business; we’re expanding upon these efforts. 

"Western Specialty Contractors believes that greater diversity of inputs from a more diverse workforce will assist in developing and providing more relevant and appropriate services to the customers and communities that make up Western’s customer base,” said Moore. 

The goal is not to have a diverse organization for ‘diversity’s sake’ but to really create true inclusion by providing a seat at the table or opportunity at the leadership-level for women and minorities. We’re focused on this at all levels of the organization, from field labor through senior management.

Media Contact:

Jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com

 

Ware Malcomb Promotes Francisco Arias to Studio Manager, Design in Los Angeles, CA Office


Francisco Arias


LOS ANGELES, CA – Ware Malcomb, an award-winning international design firm, announced Francisco Arias has been promoted to Studio Manager, Design in the firm’s Los Angeles office. 

In this role, he will help lead the Design Studio which supports all of Ware Malcomb’s offices.  

Arias joined Ware Malcomb in 2019 as a Senior Project Designer in the Los Angeles office. He has more than 13 years of architectural design and master planning expertise and is well-versed in a variety of project types.


 Jinger Tapia

“Francisco is integral to the Design team’s strategic growth and overall mission,” said Jinger Tapia, Principal, Design for Ware Malcomb. “His positive outlook, mentorship and inspiring approach to design have galvanized our team, and we appreciate his contributions.”

Arias holds a Bachelor of Architecture from the University of Southern California. 

He is active in the architectural community, serving as Associate Director for the American Institute of Architects (AIA) – Los Angeles Chapter, a mentor to USC Architectural Guild students, Chair for the Emerging Professionals Committee, and voting member of the Jean Roth Driskell Scholarship Committee for the AIA Foothill Chapter.


CONTACTS:

Rachel Reenders

VP Public Relations, KCOMM for Ware Malcomb


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

Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com

iBorrow provides $97 million acquisition loan to purchase New York City's iconic American Stock Exchange Building

American Stock Exchange Building,
a 14-story, 182,510 SF structure
 built in 1921 and located
at 123 Greenwich Street
in lower Manhattan

         

 LOS ANGELES, CA — iBorrowa nationwide private direct lender for commercial real estate, has provided a $97.1 million loan for the acquisition financing of the iconic American Stock Exchange Building, a 14-story, 182,510 SF building built in 1921 and located at 123 Greenwich Street in lower Manhattan.

 The borrower, Yucaipa, was seeking a short-term bridge loan to close the acquisition of the property, until construction financing can be secured.

 The Sponsor intends to renovate and reposition the American Stock Exchange Building as a private membership club operated by Membership Collective Group (“MCG”), the parent company to Soho House.

Brian Good

 Brian Good, iBorrow CEO, said, “New York City is rebounding from the impact of the Covid-19 pandemic.  This project encapsulates the strong and growing demand for lower Manhattan real estate as well as the demand for private membership clubs. 

"We believe our loan is at a conservative basis and are excited to align ourselves with experienced sponsors and a project positioned for success.”

 Leopold Colt

 Leopold Colt, a partner at Blackship Advisors, which provided structuring advice to the lenders on the transaction added, “We are delighted to support the continued and growing partnership between iBorrow, Yucaipa and MCG, parent company of the Soho House chain of private clubs, and to advise on the transaction of this landmark asset in New York.  

"We believe the fully renovated American Stock Exchange building will be a fantastic addition to the local market.”

  Contacts:        

Jenn Quader / Lara Sassounian

Brower Group

(949) 438-6262
lsassounian@brower-group.com

DWNTWN Realty Advisors Closes Sale of Prime Property in Miami’s MiMo District


 Mariana Garber

MIAMI, FL  – DWNTWN Realty Advisors Executive Skyler Marinoff completed the sale of land located on a prominent corner of Miami’s MiMo District. Marinoff exclusively represented the seller of the 5900 Biscayne Blvd. and 5907 NE Fifth Ave. site and generated substantial interest from potential buyers.

 Mariana Garber of Coldwell Banker represented the buyer.

 DJ 2014 LLC sold the 17,325-square-foot site for $1.88 million to Cosmo Nova LLC. Cosmo is a cosmetics distribution company that plans to construct a new corporate headquarters and sales center at the site.

 DWNTWN leveraged its unparalleled relationships, marketing abilities and creativity to secure multiple offers. Marinoff emphasized the site’s strong location and visibility to attract both investors and owner/users.

 All parties involved in the transaction collaborated to navigate complex zoning issues and ongoing entitlement and permitting processes.

Skyler Marinoff 

 “This transaction reflects how our firm proactively makes deals happen and creates solutions when complexities arise,” Marinoff said. “The MiMo District has a special charm and is coming into its own as a vibrant neighborhood.”

 In July 2021, Marinoff represented both the buyer and seller in the $11.6 million off-market sale of a multifamily portfolio in Miami’s Little Haiti. The portfolio is one of the largest to be assembled and acquired in the neighborhood.

For more information on DWNTWN’s investment sales and lease offerings, please visit www.dwntwnrealtyadvisors.com/inventory.

  

 CONTACT:

Eric Kalis

Vice President, BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram


 www.dwntwnrealtyadvisors.com.

RAAM Construction Breaks Ground on 151-Unit Affordable Multifamily Housing Developmenet in Palmdale, CA

Rendering of planned affordable
multifamily housing development
 in Palmdale, CA
 

Palmdale, CA RAAM Construction, Inc., a general building construction firm specializing in multifamily projects throughout California, has broken ground on the construction of an affordable multifamily housing development in Palmdale, California.

Palmdale Terrace is expected to be completed in May 2023. The development is located at SW 25th St East and East Ave, Palmdale, CA 93550. 

Palmdale Terrace will consist of a three-story building connected to a two-story building with a total of 151 family apartment units in Palmdale, an area where budget-friendly housing for families is scarce, according to Richard Lara, President of RAAM Construction.


Richard Lara

“There is a deep need for new and affordable housing in Palmdale, as vacant housing units currently sit at just 7.4%” says Lara. “Palmdale Terrace will help fill this void in the community by providing brand-new, fully equipped and affordably priced residential units for families and individuals that need it most.”

RAAM is working closely with Meta Housing Corporation, a developer of affordable housing communities for families and seniors, along with Western Community Housing, AMJ Construction Management and Y&M Architects, to deliver the new residences for individuals and families in the Palmdale market earning between 30% and 60% of Los Angeles County’s median income. 

Valued at roughly $60,900,000, the project is being developed with the help of a construction loan from Pacific Western Bank, and potentially other sources, for $40,502,120.


Contacts:       

Katie Haga / Lexi Astfalk

Brower Group

khaga@brower-group.com

(949) 438-6262

www.raamconstruction.com.

Daum Commercial completes Sale of 66,000-SF industrial business park in Los Angeles County

               Pomona Business Park, Pomona, CA

POMONA, Calif., (November 5, 2021) – DAUM Commercial Real Estate Services has directed the sale of a 66,032 square-foot business park situated on 3.9 acres of land in the Los Angeles County submarket of Pomona, California.

Dennis Sandoval
Pomona Business Park was sold to a local investor who will implement a value-add renovation program at the property, according to Dennis Sandoval, a DAUM Executive Vice President and Principal who represented the seller, a private investor, alongside DAUM Associate Kevin Sandoval.

“The seller had a well-located asset with strong potential for upside based on existing under-market rental rates and opportunities to modernize the property through strategic upgrades,” explains Dennis, noting that the building is currently 95% leased to multiple tenants, providing immediate in-place cashflow. “Through our deep connections in the local industrial market and a strategic marketing campaign, we were able to successfully identify a buyer who we were confident could bring the sale to a seamless close and realized the true value of this asset, achieving a strong sale price for our client.”

Kevin Sandoval
Dennis notes that despite the challenges and hesitation that arose from the effects of COVID-19 on the market, DAUM was able to source multiple offers for the seller and ultimately identified an ideal investor for the property who had experience in repositioning similar assets.

 “The buyer is an opportunistic investor who knows the product type and location well, in addition to understanding the process and capital expenditure required to renovate this asset in order to maximize its value in the current market,” continues Dennis.

Kevin adds: “Not only was this a win-win deal for both the buyer and the seller, but this transaction and business plan will benefit the local community. The buyer’s physical upgrades and cosmetic improvements will help attract quality tenants and enhance the overall look of the area. The City of Pomona was extremely pleased to see this sale come to a close, especially since this business park is located directly across the recently expanded Western University of Health Sciences.”

 Ryan Campbell
Pomona Business Park has frontage on three streets and offers convenient access to Interstate 10 as well as close proximity to retail and restaurant options, making it a very attractive location for tenants and businesses, Kevin notes.

The property, which sold for $6.78 million, is located at 201 North Palomares in Pomona, California. Ryan Campbell of NAI Capital represented the buyer.


Contacts: 

Arleeny Escarcega / Elisabeth Manville  
Brower Group  
(949) 438-6262 
aescarcega@brower-group.com