Donohoe Hospitality Services Appoints Two Vice Presidents

Thomas Penny, III

 

 BETHESDA, MD, Feb. 23, 2022 – Thomas Penny, III, President of Donohoe Hospitality Services (DHS), a division of Donohoe, today announced the appointments of two vice presidents. 

 Neeta Mayur has been promoted to vice president, revenue management, and Seon Heo has been promoted to vice president of sales and marketing. 

Neeta Mayur 

Mayur will be responsible for further growing Donohoe’s transient RevPAR index and driving overall share to its portfolio with special attention directed towards ramping up new hotels and assisting challenged properties in her new role.  

As vice president of sales and marketing, Heo will assist Donohoe’s sales leaders to increase its share of the returning corporate, association, legal, citywide, government and extended stay business.

 “With vaccination rates rising and infection numbers stabilizing and, in some cases, dropping, it is time for hoteliers to begin more aggressively planning a return to ‘normalcy,’” Penny said. 

Seon Heo

 “To that end, Donohoe continues to reward its long-standing associates who have helped us work through the pandemic to date and prepared us for an increase in business and leisure travel as warmer weather returns. 

"Neeta and Seon have demonstrated their commitment to Donohoe’s values, and I can think of no better way to thank them than with these well-deserved promotions.”

 Contact: 

 

Chris Daly

 (703) 864-5553

chris@dalygray.com

 www.donohoe.com/hospitality.

 

Stos Partners Pays $8.4 Million for 35,000-SF Industrial Property in Signal Hill, CA

SOLD: 35,000-SF industrial property
at 2301 Redondo Avenue, Signal Hill, CA

SIGNAL HILL, CA – Stos Partners, one of the most active commercial real estate investment and management firms in Southern California, has acquired a 35,000 square-foot, two-tenant industrial property in the Los Angeles County submarket of Signal Hill, California.

CJ Stos

 The property, which was acquired for $8.4 million, is located at 2301 Redondo Avenue in Signal Hill, California.

 Chris Smith of Lee & Associates represented Stos Partners as the buyer in the transaction.

 The firm’s first purchase of 2022 comes on the heels of a record year in which Stos Partners transacted on more than $330 million in commercial properties throughout Southern California, Arizona, and the Midwest.

 The acquisition of this property marks the firm’s entry into a key submarket, as Signal Hill is an enclave that is completely surrounded by the city of Long Beach, according to CJ Stos, Principal at Stos Partners.

 

Tanner Jansen

“We have been monitoring opportunities in this area for several years and were ultimately able to secure this fully leased asset off market through strong relationships,” says Stos.

 “The Long Beach area presents a prime, last-mile location. The property is situated near several population hubs, one mile from the Long Beach airport, and just four miles from the Port of Long Beach, the second-largest port in the U.S. and a leader in environmental stewardship and sustainability.”

 Tanner Jansen, Vice President of Acquisitions at Stos Partners, adds that the firm plans to make substantial cosmetic upgrades to the property, including a new roof, parking lot resurfacing, fresh paint, updated landscaping, and a major revamp of the entryway area.

 “We recognized this acquisition as an exceptional opportunity to capitalize on high demand and organic growth in a submarket seeing sub-1% industrial vacancy rates, as well as create further value through implementing our proven capital renovation plan and eventually re-tenanting the property,” Jansen explains.

 

Contacts: 

Tess Hezlep / Katie Haga
The Smart Agency, Inc.
(949) 438-6262
thezlep@thesmartagency.com  

 

www.stospartners.com.

 

 

JLL Capital Markets closes $80 mllion sale of four-property, high-quality retail portfolio to Lamar Companies and Commercial Centers Management Realty in Puerto Rico

 

Kim Flores

 MIAMI, FL, Feb. 23, 2022 – JLL Capital Markets announced today that it has closed the $80.25 million sale of The Plazas of Puerto Rico, a portfolio of four market-dominant retail centers totaling 555,016 square feet across the island of Puerto Rico.

 JLL marketed the portfolio on behalf of the seller, Forge Capital Partners and The Sembler Company. A joint venture between Lamar, CCM Puerto Rico and Real Capital Solutions acquired the assets.  

 Puerto Rico is home to 3.2 million residents spread out over 5,324 square miles.

Danny Finkle

Due to its undulating topography, dense population, restrictive zoning and complex entitlement process, development of new inventory is limited, making existing supply highly sought after for investors and tenants alike.

 The portfolio comprises Juncos Plaza in Juncos, Plaza Los Prados in Caguas, Manatí Centro Plaza in Manatí and University Plaza in Mayagüez. 

The centers are strategically located in high barriers-to-entry markets within Puerto Rico’s most populous cities and draw from extended trade areas that average 176,881 residents.

 The 91.3-percent-leaed portfolio is home to a roster of high-quality tenants led by national and regional necessity-based retailers, including Supermercado Amigo, Supermercardo Selectos, National Lumber & Hardware, Marshalls, Walgreens, Grand Way and Capri.

 The JLL Retail team representing the seller was led by Senior Managing Director and Co-Head of U.S. Retail Capital Markets Danny Finkle, Senior Director Eric Williams, Vice President Kim Flores and Senior Vice President Andrew Carlson, JLL Market Lead for the Caribbean and Retail Lead for Latin America.

Eric Williams

“The Plazas of Puerto Rico represent some of the island’s top-performing neighborhood retail centers,” Finkle said. 

“The combination of high-quality, tenured tenancy and in-fill, high visibility locations place these centers in an amazing position to continue to thrive.”

 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.

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

Andrew Carlson

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

 

About Forge Capital Partners

Forge Capital Partners is a diversified, commercial real estate investment and investment management company.

Forge has built a strong track record as an acquirer and operator of commercial real estate, specializing in socially responsible projects throughout the Southeast.

Since 2000, Forge and its principals have successfully sponsored and managed four real estate oriented, closed-end private equity funds, and executed over a billion dollars in retail and multifamily real estate transactions.

The Plazas of Puerto Rico

About Sembler

The Sembler Company is celebrating 60 years of creating retail real estate value.

Sembler provides a full array of retail real estate services, including development and redevelopment, acquisition, property and asset management, leasing and other related services throughout the Southeastern United States and Puerto Rico.

Sembler has developed more than 350 projects totaling 28 million square feet and currently leases and manages almost 8 million square feet. 

 Contact: 

Kimberly Steele,

 JLL Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 sembler.com.

 jll.com.