Tuesday, June 7, 2022

Arcadia Management Group Names Chelsea Wardrop as Partner

 

 Chelsea Wardrop

PHOENIX, AZ—Phoenix-based property management leader Arcadia Management Group (AMG) has promoted long-time employee Chelsea Wardrop to the position of Partner.

Wardrop’s promotion follows her more than five years as Human Resources Director and General Counsel for the firm, which provides property management, construction management, maintenance and accounting services for more than 60 million square feet of commercial real estate space across the United States.

 “Chelsea has proven time and again that she can achieve anything she sets her mind to,” said Arcadia Management Group President Gary Shaw.

 Gary Shaw

“We are grateful for her combination of knowledge and grace, her attention to detail, and her proactive approach to solving problems and capturing opportunity. Those skills are put to work every day at our growing, forward-focused organization.”

 Wardrop joined Arcadia Management Group in 2017 as Director of Human Resources. In 2018 that role was expanded to include serving as the company’s General Counsel.

  Wardrop holds bachelor’s degrees in Political Science and Psychology from the University of Utah, and a J.D. from the Brigham Young University J. Reuben Clark Law School. She is also a licensed member of the State Bar of Arizona.

 

 CONTACT:

Stacey Hershauer

FocusAZ

480.600.0095

stacey@focusaz.com

www.arcadiamgmt.com.

 

Daum Commercial completes $7 million sale of 34,845-SF, triple-net-leased asset in tight Phoenix, AZ submarket

 

Chris Rogers
                                         PHOENIX, AZ – 

DAUM Commercial Real Estate Services has completed the sale of an 34,845 square-foot, triple-net-leased industrial building situated on a 4.2-acre land parcel in the Phoenix, Arizona submarket of Deer Valley.

 The asset is located at 22200 N 7th Street and sold for a total consideration $7.25 million.

 DAUM Executive Vice Presidents Chris Rogers and Trevor McKendry represented the seller, a private investor out of Arlington, Virginia, and procured the buyer, Boston-based TA Realty, in the transaction.

 “We have had a long-standing relationship with the seller and found an opportunity for them to capitalize on the momentum of Deer Valley, which has been further bolstered by Taiwan Semiconductor Manufacturing Co.’s new chip plant under development in the submarket,” explains Rogers.

Trevor McKendry

 “Our expertise and well-established connections in the local industrial market, especially in this submarket, allowed us to bring a highly active buyer to the table who understood the true value of the real estate and potential of the excess A-1 zoned land, along with meeting the specific terms of the seller.”

 Contacts: 

 Elisabeth Manville / Hanna Kokuashvili  

The Smart Agency  

(949) 438-6262 

hkokuashvili@thesmartagency.com  

www.daumcommercial.com.

 

Ware Malcomb Hires Adam Segalla as Studio Manager, Architecture in Seattle, WA

 

Adam Segalla 
 

SEATTLE, WA, June 7, 2022 – Ware Malcomb, an award-winning international design firm, today announced Adam Segalla has joined the firm as Studio Manager, Architecture in the Seattle office.

  In this role, Segalla will be engaged in business development, staff mentorship, and operations for the Seattle Architecture Studio and assist in growing the office’s practice.  

Segalla brings over 20 years of architecture and design experience to Ware Malcomb and is a licensed architect in the states of Washington and Oregon and in British Columbia, Canada.

Jonathan Thomas

“We are excited to welcome Adam,” said Jonathan Thomas, Regional Director for Ware Malcomb. “He has strong management skills, keen technical knowledge, and business development abilities that will help us continue to grow. We wish him much success in his career with us.”

At his previous firm, Segalla served as Technical Director, responsible for client development, staff mentorship and assisting with QA/QC process restructuring.

 Segalla holds a Bachelor of Arts and Architecture from Sadna in Tel Aviv and a Bachelor of Architecture from SCI-Arc in Los Angeles. 

Contacts: 

 Rachel Devany

VP Public Relations,

KCOMM for Ware Malcomb

rachel@kcomm.com

 

Maria Rodgers

 PR & Communications Manager

 949.660.9128

 mrodgers@waremalcomb.com

 

Maureen Bissonnette

 Principal, Marketing, 949.660.9128

 mbissonnette@waremalcomb.com

 

Energy Drink Billionaire Russell Weiner Pays $40 Million for Utah Mansion

Russell Weiner 
 

 PARK CITY, UT -- Russell Weiner founded Rockstar Energy Drink in 2001, grew it into a company spanning over 30 countries, and sold it to Pepsico in 2020 for $3.85 billion.

 He began dabbling in expensive Florida real estate even before Rockstar and is now in Utah where he just set a record for the most expensive home ever sold in the state. Russell just paid $39.6 million for a ski home in Park City.

 

The home includes seven en-suite bedrooms,
 each with its own terrace and firepit

The most interesting thing about Weiner is that his success comes from believing in himself.  He had an idea for an energy drink but ran into a brick wall when he was told “no” by each and every potential investor in the drink industry.

 So, Weiner took out a mortgage on his condo and did it himself.  These days he laughs all the way to the bank as he waves to the CEOs of the major drink brands, according to TopTenRealEstateDeals.com





 Will they ever get an invitation for a ski weekend?  Maybe.  Likely not.  Will there be tears of regret when they see this mansion-that-has-everything?  Very likely!

 

Located in the country’s premier ski city on five ski-in, ski-out acres, the high-alpine property offers not only stunning views but also an over-the-top ski mansion of more than 17,000 square feet. 

 



The home includes seven en-suite bedrooms, each with its own terrace and firepit, three additional baths, and more in-house entertainment than some retail game stores.

 

 Built of Shou Sugi Ban charred cypress with a copper roof, Croatian limestone, and Italian-steel windows and doors, there is a panorama tower, which has 360-degree views, both indoor-and-outdoor swimming pools, a private spa, Himalayan salt room, and indoor climbing wall. 




 There is also a bowling alley, a golf simulator, and a movie theater.  The high-end kitchen has its own stone pizza oven and, never fear mold or a germ, as the home’s technology is as high end as the house.   It filters the water and air and automatically adjusts the lighting to the natural solar cycle. 

 

 Does it rock you to sleep?  Not yet, but hold the thought.

 

Planning for the future is a good thing and billionaire Weiner, who can have almost anything he wants, is ready for a great winter of Park City skiing. 




 His record-breaking ski estate, known as “Monitor’s Rest,” has every conceivable luxury and dramatic views of Monitor Bowl and the Wasatch Mountains.

 

Paul Benson at Engel & Völkers Park City, represented both Weiner and the seller, Iluminus Group. 

 

 Contact: 

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  336-459-3725
Twitter:  @toptenrealestat
Facebook.com/toptenrealestat

Photos:  Courtesy of Engel & Völkers

Source: gottesmanchapin.com

Stan Johnson Co. brokers 1031 exchange acquisition of single-tenant retail property near Jacksonville, FL for $9.7 million

 

BJ Feller

 MIDDLEBURG, FL -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 4,800-square-foot single-tenant retail property located at 820 Canaveral Trace in Middleburg, Florida.

 The Jacksonville-area convenience store and fueling station is fully leased to Daybreak Market on a long-term absolute triple net lease.

 BJ Feller of Stan Johnson Company represented the buyer. The property traded for more than $9.7 million, although the cap rate was not disclosed.

 


“This was an excellent addition to our client’s portfolio as they looked to reposition their real estate via 1031 exchange and optimize it for their long-term, multi-generational holding strategy,” said Feller, Managing Director and Partner in Stan Johnson Company’s Chicago, Illinois office.

 “We successfully ensured a smooth upleg and downleg, including placing the Daybreak Market under contract during the completion of construction.

 "We very much enjoyed the repeat collaboration with Plaza Street Partners and CIA Commercial Advisors.”

 The large format store reflects the tenant’s latest prototype, and construction was completed in late 2021.

 The property is situated on 2.26 acres and features 16 fueling stations. The site benefits from strong demographics in the immediate area, along with high traffic counts, proximity to schools and national retailers in the vicinity including Publix and Dollar General, among others.

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.”

3D Investments Acquires Tivoli Village in Las Vegas; Taps Vestar as Operator

 

Andrea Blue

LAS VEGAS, NV, June 7, 2022 - Vestar, the largest privately-held shopping center owner, developer and manager in the western United States, announces it has been selected by the privately-held Beverly Hills-based 3D Investments LLC to operate its recently acquired Tivoli Village, an open-air mixed-used lifestyle center in Las Vegas.

Terms of the deal were not disclosed.


Sylvia Song

As third-party operators, Phoenix, Arizona-based Vestar is responsible for the implementation of the leasing, property management, operations, marketing, construction and tenant coordination strategies.

Patrick McGinley

 “Tivoli Village is a truly special place and we are excited to bring our vast expertise to the property,” said Patrick McGinley, president of management services, Vestar.

“For more than 30 years, we have operated successful retail and lifestyle environments that become the focal point of the communities they serve.

"Tivoli Village will be no different and we are honored to partner with 3D Investments as we work to implement the new vision for the center.”


The Restoration Hardware-anchored center, located at the corner of Rampart Boulevard and Alta Drive in the upscale western region of the Las Vegas valley, comprises nearly 670,000 square feet of Class A office, retail and restaurant space
.

 The new onsite leadership team at Tivoli Village includes the following: 

 General manager Andrea Blue, who previously worked at Brookfield Properties where she led the team at Galleria at Sunset as general manager.

 Sylvia Song, who served as marketing manager for Toll Brothers, director of marketing and communications for Sunrise Hospital and strategic marketing manager at Wynn & Encore Las Vegas.

 William Campbell, who brings more than 20 years of leadership operations experience to his role as Tivoli Village’s director of operations. 

Emma Medina

Assistant general manager Emma Medina, who previously served as the property’s staff accountant. She also brings experience from Prime Trust and H&R Block to her new role.


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.”

  tivolivillagelv.comInstagram or Facebook.

Vestar.com.