Sendero Capital and Angelo Gordon complete first medical office building acquisition as part of their programmatic joint venture in Hamden, CT

1952 Whitney Avenue, a 53,120-square-foot
 medical office building in Hamden, CT

 

BOSTON, MA, July 12, 2023 –  JLL Capital Markets announced today that it advised on the acquisition of 1952 Whitney Ave., a 53,120-square-foot medical office building in Hamden, Connecticut.

 

JLL represented Sendero Capital and Angelo Gordon, who have formed a programmatic joint venture (also arranged by JLL) for up to $300 million in investments in outpatient healthcare real estate over the next two years, in the acquisition.

Brannan Knott 

The purchase of 1952 Whitney Ave. is the first acquisition as part of the joint venture, which will focus on value-add and core plus outpatient medical office and surgery center assets throughout the Northeast United States – a region with high barriers to entry, strong growth, and one of the largest concentrations of healthcare businesses in the U.S.

 

1952 Whitney Ave. is a mission critical healthcare facility that is 88% occupied to a diverse tenant roster.

 

The property is anchored by Hartford Healthcare and Yale New Haven Health as well as dominant physician practices providing a range of specialities, including internal medicine, cardiology, dermatology, endocrinology, podiatry and physical therapy.

 

Located in the New Haven suburb of Hamden, 1952 Whitney Ave. is convenient to Route 15 and Interstate 91, providing access throughout the Southern Connecticut area.

Anthony Sardo

Additionally, the property has a Connecticut transit stop in front of the building. 

The facility is positioned in a healthcare-concentrated area with more than 3.2 million square feet of acute-care, rehabilitation and cancer hospitals nearby providing ancillary demand.

 

The JLL Capital Markets team was led by Managing Director Brannan Knott and Director Anthony Sardo.

 

“A well-located, health system-anchored medical office building was a great way to kick-off the venture,” said Knott.

 

“We expect Sendero and Angelo Gordon are going to be very active in the regional market and believe this is to the benefit of those looking to transact as they have knowledgeable and good people at the helm to work with.”

 

For more news, videos, and research resources, please visit JLL’s newsroom.

 CONTACT:

 

Kristen Murphy

Director, Public Relations, Americas

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@jll.com

 

Shutts & Bowen Attorneys Close $30 Million Land Finance Deal, Making Way for Midtown Miami, FL Luxury Condo

 

 Philip C. Rosen

Miami, FL – Shutts & Bowen Fort Lauderdale partners Brendan Aloysius Barry and Philip C. Rosen recently led a team of attorneys representing Metropolitan Commercial Bank in the closing of a $30,000,000 land acquisition and pre-development loan for a luxury condominium on the 1.6-acre Midtown Gateway site. 

 The financing was for the acquisition of a vacant platted lot consisting of 1.6 acres, bounded by NE 36th St., the 

FEC Railway Corridor, NE 35th St., and NE 1st Ave., and situated within the Midtown Miami East Special District and is referred to as the “Gateway to the Design District”. 

Manuel Vidal

Although subject to final approvals, the maximum entitlements for the mixed-use project could consist of up to 607,657 sq. ft., including 400 residential units with a potential maximum height of 48 stories and the developers, Terra and Lion Development Group, are expected to break ground sometime next year.

“We are pleased to assist Metropolitan Commercial Bank in structuring and closing this transaction, which will help realize the Developer’s targeted growth strategy in South Florida,” said Barry, a member of Shutts’ Real Estate Practice Group.

Brendan Aloysius Barry

“The transaction represents an important step in the further development and maturation of the Midtown neighborhood and highlights Metropolitan Commercial Banks’ commitment to South Florida.”

Manuel Vidal, Florida Market Manager for Metropolitan Commercial Bank, said “here at Metropolitan Commercial Bank, we lend to best-in-class sponsors who are battle and time-tested experts in their asset class.

"We help them create and sustain generational wealth by understanding exactly how they create value, and by structuring our transactions to maximize this value creation. 

David Martin 

"Terra has been on the front lines of reinvigorating some of the city’s most desirable neighborhoods for more than a decade now. 

"We saw a great opportunity to help the firm acquire the last remaining undeveloped parcel in the Midtown Miami PUD. 

 "We are proud to add David Martin and Michael Simkins to our Florida sponsor roster.”

Barry and Rosen were assisted on the deal by Ed Stacker and Jacob Leuze.

Michael Simkins

About Shutts & Bowen LLP

Shutts & Bowen, established in 1910, is a full-service business law firm with approximately 300 lawyers in offices in Ft. Lauderdale, Jacksonville, Miami, Orlando, Sarasota, Tallahassee, Tampa, and West Palm Beach.

CONTACT:

Daniel Benjamin

Senior Account Executive,

 BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

www.shutts.com.

 

Blake Rogers and Alex Caniglia return to JLL’s Capital Markets team

  

Alex Caniglia

 

 LOS ANGELES, CA, July 12, 2023 –  JLL Capital Markets announced today that Blake Rogers and Alex Caniglia have re-joined the firm as multi-housing investment sales producers.

 

Rogers will serve as a Senior Managing Director in the Los Angeles office and lead the greater Southern California multi-housing team while also joining the National Multi-housing Leadership Council.

Caniglia will join as a Managing Director in the San Diego office.

Blake Rogers

 Both Rogers and Caniglia have spent the last three years with Walker & Dunlop, focusing on multi-housing investment sales throughout Southern California.

 

 Prior to those roles, they both worked for JLL/HFF for over five years. Collectively, they have executed approximately $5.5 billion in multi-housing transactions throughout their careers.

 

Kevin MacKenzie

“We are thrilled to have Blake and Alex return to the JLL team,” said Kevin MacKenzie, Executive Managing Director and National Production Leader for JLL Capital Markets.

 

“This is a best-in-class team that further propels our multi-housing business, and we look forward to seeing them utilize their expertise in combination with the JLL platform to benefit multi-housing clients across Southern California.”

 

Managing Director Peter Yorck has led the growth of JLL’s Los Angeles multi-housing business for the last three years since re-locating from San Francisco. Yorck will shortly begin his transition and relocation to the Southeast to help lead JLL’s multi-housing investment sales efforts within the growing market.

Peter Yorck

Senior Managing Director Sean Deasy, based in Orange County, has been an integral part of JLL’s growth in the region over the last 12 plus years and will be transitioning to focus on other multi-housing growth initiatives outside Southern California.

 

 Along with this succession, Ryan Fitzpatrick will play a lead role in the Orange County and Inland Empire multi-housing sales business.

 

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.

Ryan Fitzpatrick 

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

For more news, videos and research resources, please visit JLL’s newsroom.

 CONTACT:

 

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com    

 

Brittain Resorts & Hotels Names Christy Jernigan as New Chief Development Officer to Lead Portfolio Growth

 

Christy Jernigan

MYRTLE BEACH, SC, July 12, 2023--Brittain Resorts & Hotels (BRH), the leading full-service hospitality management company in the Southeast, today announced the addition of Christy Jernigan as chief development officer.

 

 Jernigan has more than 20 years of industry experience, most notably serving as the vice president of business development at Aimbridge Hospitality.

 

During her 16-year tenure, she played a pivotal role in expanding the company's portfolio to over 1,500 hotels worldwide.  Prior to that, she spent five years at Remington Hotels in various operational roles.

 

In her new role, Jernigan will lead all aspects of business development at BRH. Her primary focus will be expanding Brittain's third-party management platform by sourcing new deals, acquiring properties and spearheading efforts to expand the network of investment partners.

 

Matthew Brittain

“As we continue to accelerate our growth strategy and expand our portfolio, it was clear we needed to add a chief development officer to our leadership team,” said Matthew Brittain, CEO, BRH.

 

"Christy undoubtedly brings with her a proven track record of success, but also fits perfectly within our culture at BRH.”

 

 

 CONTACTS:

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

 Patrick Norton

 Vice President of Sales & Marketing

(843) 282-7359

Patrick.norton@brittainresorts.com

BrittainResorts.com.