Sunday, July 31, 2022

O’Melveny Welcomes Leading Real Estate Dealmaker Peter J. Breckheimer

 

 Peter J. Breckheimer 

LOS ANGELES, CAO’Melveny announced prominent real estate attorney Peter J. Breckheimer has joined the firm’s Los Angeles office as a partner in the Project Development & Real Estate Practice Group.
 
Breckheimer comes to O’Melveny from Glaser Weil, where he advised owners, developers, and investors on acquiring and developing major commercial real estate assets.

 

Bradley J. Butwin

“Peter is a welcome addition to O’Melveny," said O’Melveny Chair Bradley J. Butwin

 "He arrives at a time when client demand for sophisticated real estate counsel has never been higher. His experience handling complex commercial real estate transactions will be an immediate asset.”

 A fellow of the American College of Real Estate Lawyers, Breckheimer represents private equity REITs, institutional investors, and pension fund managers in complex regional and national real estate transactions.

 Breckheimer earned his B.A. from the University of Southern California and his J.D. from the University of Southern California’s Gould School of Law.

  CONTACTS:

James Bourne

 914 318-2427  jimbournenyc@aol.com

Brandon Jacobsen 323 774-9779  bjacobsen@omm.com

 

www.omm.com

 

 

Vestar’s Miles Sanchez Promoted to Chief Operating Officer

Miles Sanchez

 PHOENIX, AZ - Vestar, the largest privately held shopping center developer, owner and manager in the western United States, announced that Miles Sanchez has been promoted to Chief Operating Officer effective immediately.

 Since joining Vestar in August 2021 as Executive Vice President of Operations, Sanchez has been helping lead and manage the company’s overall day-to-day business operations.

 In his new role, he will be responsible for the continuous measurement and effectiveness of all internal and external processes, to ensure adequate systems, policies, and procedures are in place to achieve the company’s goals.

 

David Larcher

“Miles has been a great addition to the Vestar team,” said David Larcher, President & CEO of Vestar. “His experience and knowledge transcend every department and he has proven to be an effective leader.

"We are confident that in his new role, he will continue to provide guidance and support to our associates, partners, and clients.”

 Prior to joining Vestar, Sanchez was with 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.”

Hold-Thyssen Completes New Multi-Year Lease to Ophthalmology Practice at Water Street Medical Office in New Port Richey, FL

 

 Carol Kinnard

New Port Richey, FL  -- Hold-ThyssenLLC, a full-service commercial property firm with offices in Clearwater and Winter Park, recently completed a new multi-year lease agreement for the 2,162 square foot Water Street Medical Office in New Port Richey. 

 Carol Kinnard transaction specialist at the firm was retained by Landlords Dr. Maxwell Rent and You Huimin of New Port Richey to locate a suitable buyer or tenant for the building they own at 5425 Water Street upon Dr. Rent’s retirement from his established gastroenterology practice.   

Water Street Medical Office, New Port Richey, FL

Kinnard presented the building to Dr. Robert C. Urban, who found it suited the specific needs for expansion of his ophthalmology practice and a multi-year lease was signed. 

 The new tenant is affiliated with several hospitals in the area, including Regional Medical Center and Bayfront Health St. Petersburg. 

 Hold-Thyssen, LLC provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year-old firm’s current portfolio includes more than 100 commercial properties throughout the United States.

 CONTACTS:

Richard J. Fisher, Vice President/Investor Services, Hold-Thyssen,LLC,

813-880-7100 ext303 rfisher@HoldThyssen.com

 Beth Payan, Larry Vershel Communications Inc 

407-461-3781 beth@larryvershel.com 

 

IndiCap Announces Next Major Metro Phoenix Development: Virgin Industrial Park

 

 Kelly Royle

GLENDALE, AZ – Boutique commercial real estate company IndiCap continues its formidable metro Phoenix industrial development push with the announcement of Virgin Industrial Park, which it will develop in partnership with Invesco.

 

At build-out, the two-phase, 110-acre Class A development will total more than 1.5 million square feet in five buildings.


Jason Kuckler

It will also bring IndiCap’s local industrial development pipeline to more than 14.4 million square feet and over 880 acres.

 

JLL Senior Managing Director Marc Hertzberg, Executive Vice President John Lydon and Associate Kelly Royle are the project’s exclusive leasing brokers.


“The West Valley has experienced tremendous growth, but even with that growth, almost 70 percent of its population still commutes to other parts of Maricopa County for work,” said Hertzberg.

Marc Hertzberg


“Projects like Virgin Industrial Park will help the West Valley’s exceptional manufacturing workforce to find high quality employment closer to home, in what is becoming a world-class industrial hub.”

 

Virgin Industrial Park is located on the northwest corner of Olive and Reems Roads in Glendale, Arizona.

 

The project sits within the nationally recognized Loop 303 industrial corridor and immediately north of Northern Parkway, a 12.5-mile expressway connecting the Loop 303 and US 60, offering a traffic reliever to nearby Interstate 10.


John Lydon

Virgin Industrial Park joins two other major IndiCap developments in metro Phoenix: The 1.6 million-square-foot, 113-acre Eastmark Center of Industry, being developed along the Loop 202 in Mesa with AECOM-Canyon Partners, and the 4.1 million-square-foot, 292-acre The Ranch, being developed in Gilbert with Colmena Group.

 

“We knew that our Phoenix footprint would grow quickly following our market entry earlier this year,” said Jason Kuckler, one of the principals at IndiCap.

 

“We couldn’t be more pleased with the announcement of our first three, very strategically located projects, and are grateful for the support we’ve received from local municipalities.

 

"This kind of collaboration is crucial to ensuring that we’re bringing the best possible buildings, jobs and economic opportunities to our project communities – and to future communities as we continue to grow our presence in the Valley.”

 

Rendering of planned Virgin Industrial Park,
 Glendale, AZ

Virgin Industrial Park will be developed in two phases. Phase I will include three buildings totaling 566,121 square feet, 244,958 square feet and 213,765 square feet. Phase II will include two buildings totaling 297,439 square feet and 235,040 square feet.

 

 CONTACT:

 

Stacey Hershauer

Phone: +1 480 600 0195

Email: stacey@focusaz.com

 

www.jll.com.

indicapinc.com.

 

PEBB Enterprises Adds Brett G. Marcus as General Counsel and Senior Vice President

 Brett G. Marcus
  

BOCA RATON, FL –– PEBB Enterprises, the South Florida-based full-service private real estate investment company, has made a pivotal addition to its growing team with the arrival of new General Counsel, Senior Vice President Brett G. Marcus.

“Brett is uniquely suited to oversee the legal aspects of PEBB’s significant transaction and development activity,” PEBB President and CEO Ian Weiner said.

“We are excited to welcome him to the PEBB family. Our company continues to pursue opportunities to add talented professionals across all divisions.”

 Marcus specializes in complex real estate transactions including joint venture partnerships and the acquisition, lease, sale and development of commercial properties.


 Ian Weiner

He has more than a decade of real estate law experience. Marcus was previously a Shareholder in the Real Estate Department of Stearns Weaver Miller, where he represented numerous high-profile real estate investment and development firms in various transactions.

Before Stearns Weaver Miller, Marcus practiced real estate transactional law at Shutts and served as an attorney and analyst at Rialto Capital Management.

 In 2020 and 2022, Marcus was recognized as a Rising Star by Florida Super Lawyers.


 CONTACTS:

Eric Kalis and Daniel Benjamin

954-370-8999

ekalis@boardroompr.com or dbenjamin@boardroompr.com

 https://pebbenterprises.com/.  

Builder Supplier Blackton Delivers Pallet of More than 7,600 Baby Diapers to Ashton Woods Homes’ for Annual Builders for Babies Drive

 

Baby Diapers generic, File Photo

ORLANDO, FL  --- When Ashton Woods Homes – one of Blackton, Inc’s top customers buying high-end flooring for new construction – recently reached out to trade partners to join them in helping local families in need, Blackton delivered  … a pallet of 7,680 diapers!

 

Michael 'Micky' Blackton

Micky Blackton, CEO of the industry supply company, said once Ashton Woods’ VP of Purchasing Rob Willets described the homebuilder’s participation in the remarkable charitable drive,  his company was delighted to help. 

 

They decided to make a significant contribution by donating a pallet of diapers from Sam’s Club -- $3,500.00 worth of an item struggling families in Orlando need the most.


 Rob Willets

“We’re all part of this community and the Blackton family has always felt we should help out whenever and however we can,” he said. 

 

The Orlando division of Atlanta-based Ashton Woods Homes partnered with HomeAid Orlando for the 2nd Annual Builders for Babies Diaper Drive and set a goal to collect 100,000 diapers in June.

 

 

Contacts:

 

Michael “Micky” Blackton, CEO & Chairman, Blackton, Inc.

407-898-2661 Micky@Blacktoninc.com

 

Beth Payan, Larry Vershel Communications

407-461-3781  beth@larryvershel.com 

 

 

Hospitality Ventures Management Group (HVMG) Celebrates Successful, One-Year Anniversary of Talent Acquisition Center of Excellence (TACOE) Launch

  

 Robert Cole

ATLANTA, GA — Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel management and investment company, shares the successful, one-year results of its Talent Acquisition Center of Excellence (TACOE), a strategic initiative designed to source property level talent and support.

Sue Sanders

The program accelerates hiring across the company’s 56 hotel portfolio while removing pressure from property general managers, thus freeing them up to focus on guest satisfaction and overall profitability.

 Sunny Larkin-Newman

“At HVMG, we place a premium on three things – Talent, Relationships and Performance,” said Robert Cole, president & CEO, HVMG. 

 “TACOE is one important demonstration of this.  The Talent Acquisition Center of Excellence is meeting the goals set over a year ago, as well as reducing much of the associate sourcing burden from our hotel general managers.


Julie Brezinsky

"Through TACOE, we sourced candidates that resulted in over 1,300 hires, representing over 50% of our hourly associate hires in the past twelve months.” 

Sue Sanders, EVP & CHRO, HVMG, added, “Everyone acknowledges that one of, if not THE, leading issue facing hotels today is labor. 


Tabitha Claus

"Whether it is finding new talent or ensuring we engage and retain our existing team members, TACOE has successfully reduced the time it takes to source and hire new associates, thereby relieving our general managers of a very time-consuming process and allowing them to focus on running their hotels. 


Emma Corona

"The TACOE results paired with HVMG’s turnover rates, beating total industry turnover by 25% in 2021, are key drivers in our ability to manage through the talent crisis. 

"Plus, we are building our Human Resources bench with the addition of eight new team members in TACOE, three of which have already received promotions in their first year of employment.” 


Maya Jones

Director of Talent Excellence Sunny Larkin-Newman leads an eight-person team comprised of Julie Brezinsky, talent excellence manager; three strategic sourcing specialists, Tabitha Claus, Emma Corona, and Maya Jones; and four talent acquisition specialists, Jessica Abadie, Lauren Cuomo, Ashley McIntosh and Jessica Harbert


Jessica Abadie

This team concentrates solely on sourcing candidates to fill open hotel positions. 

 

Following one year of implementation, HVMG is pleased to share the following results achieved through TACOE:

 

 Lauren Cuomo


  • 1.2 days – the average cycle time from when an application is posted to when it is reviewed
  • 7.6 days – the average cycle time from when an application is posted to when the position is hired
  • 36.3 days – the average cycle time from when a requisition is completed to when the position is hired
  • 1,340 positions filled representing over 50% of the hourly associates hired
  • 5,421 candidates presented to hiring managers
  • 5,574  in-depth TAS interviews conducted
  • 12,266  applications reviewed

 

Ashley McIntosh

“We are proud of the competitive advantage provided by TACOE,” Sanders added.  “We expanded our Talent sourcing capability with the addition of TACOE. 

"TACOE provides this service at a lower cost with faster results than was previously realized.


Jessica Harbert


"Perhaps the best result, though, is that TACOE frees up time for property level team members to focus on what they were hired to do, namely, to provide excellent service to our guests, to support our associates with a culture that drives engagement and to provide stellar results to our owners and investors.”

 

Contact:

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

www.hvmg.com 

Saturday, July 30, 2022

Koontz Corporation Sells Encino Trace Luxury Apartment Homes in College Station, TX

Encino Trace Luxury Apartment Homes,
 College Station, TX
 

 SAN ANTONIO, TX — Koontz Corporation (Koontz) today announced it has sold Encino Trace Luxury Apartment Homes, a 302,292-plus square foot, 340-unit class A multi-family community located in College Station, Texas to California-based SB Pacific Group LLC.    

 

Financial details of the deal were not disclosed.


Jennifer Campbell 

Will Balthrope, Drew Garza and Jennifer Campbell of Institutional Property Advisors, a division of Marcus & Millichap, brokered the sale on behalf of the seller.  

 

“We have enjoyed incredible results and success with our multi-family project in College Station,” said Koontz President and CEO Bart Koontz.


 Bart C. Koontz

“Encino Trace Luxury Apartment Homes is a prime example of our experience in developing luxury apartment homes in our region. We are pleased that SB Pacific Group LLC recognized the value that we have created.”  

 

Developed and constructed by Koontz, Encino Trace was completed in January 2022 and is situated on a pristine 17.2-acre tract located at 2338 Harvey Mitchell Parkway South in College Station.


Will Balthrope

The 14-building suburban development was designed with stone and stucco exteriors and one- and two-bedroom garden apartment homes.

 

All apartments feature island kitchens with stainless steel appliances and high-quality finishes including quartz countertops, custom cabinetry, and brushed nickel hardware.

 

Drew Garza 

Additional feature include nine-foot ceilings, simulated wood and ceramic tile flooring, garden-style bathtubs, full-size washers and dryers, oversized walk-in closets, ample storage space, private patios and balconies and private detached garages.

 

The community’s amenities include a resort-style pool with tanning ledge and outdoor kitchen, poolside lounge and fire pit, as well as a two-acre dog park, fitness center and a resident clubhouse.  

  

Contact:


 Jill Byrd,

jill@creativenoggin.com 

Creative Noggin  |  Senior PR Account Supervisor

15618 Gray Oak   |   Helotes, TX 78023
Office: 210.320.0230 ext. 111  |  Mobile: 210.501.4288