DXD Capital acquires seven-facility self-storage portfolio in Grand Junction, CO

 

 GRAND JUNCTION, CO.—DXD Capital, a self storage private equity investor has announced that it has acquired a 7-facility self storage portfolio, totaling 923 units in Grand Junction, CO.

Drew Dolan

The price  was not disclosed.The properties are located within five miles of each other in Mesa County.

The seven facilities total 135,588 net rentable square feet (NRSF) and were acquired through DXD Self Storage Fund II, which launched in 2022, and has invested in seven self storage projects across the United States to date.

This fund invests in both ground-up development of Class A, multistory, climate-controlled self-storage facilities, and value-added acquisitions. DXD Capital, through its Fund II vehicle, will deploy approximately $200 million of equity into self storage through 2025.

Adam Schlosser 

“We are excited to enter the Western Slope marketplace with this acquisition and to be a part of Grand Junction's growth," said Drew Dolan, Principal and Fund Manager.

"With offices nearby in Denver and Albuquerque, this investment is in our backyard. Controlling 25% of the self storage market is a real advantage. With this market share, we can really affect a market in a way that's best for our investment.”

DXD has hired StoragePro, a top-ten storage operator, to third-party manage the seven facilities.

 There are several capital improvements planned, including increased security measures and ADA paving projects at some facilities. The properties will continue to operate under the Hill and Home Storage brand. 

Thomas Parsons

Adam Schlosser and Thomas Parsons of Marcus & Millichap represented DXD Capital.

DXD Capital

DXD Capital, founded in September 2020, is a data-driven real estate private equity company, focused solely on the self storage sector. DXD utilizes unprecedented access to data and proprietary tools to source best-in-class investments for its investors..

 

 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.”

 

www.dxd.capital

JLL Capital Markets closes sale of the 206,926-square-foot Marketplace at Highland Village located in Highland Village, TX

 Erin Lazarus

DALLAS, Jan. 29, 2024 – JLL Capital Markets announced today that it has closed the sale of Marketplace at Highland Village, a 206,926-square-foot shopping center located within the Dallas-Fort Worth MSA in Highland Village, Texas.

Marketplace at Highland Village, a 206,926-square-foot
shopping center located within the Dallas-Fort Worth
MSA in Highland Village, TX

JLL represented the seller in this transaction. The price was not disclosed.

Chris Gerard 

The JLL Retail Capital Markets team was led by Senior Managing Directors Chris Gerard and Barry Brown and Director Erin Lazarus.

 

Constructed in 2006, the 93 percent-leased center boasts a dedicated base of nationally recognized tenants with an average tenant tenure of 13.6 years and a WALT of 3.5 years with tenants including T.J. Maxx/Home Goods, LA Fitness, DSW, Petco, Sola Salon Studio and more. The center draws 4.3 million visits annually.

 

Located at 3060 Justin Rd (FM 407), Marketplace at Highland Village sits at the intersection of Justin Road and Village Parkway in the sought-after and highly affluent suburb of Highland Village. 

Barry Brown

Within a five-mile radius of the center is a population of approximately 178,365, boasting an average household income of $198,546 within a one-mile radius. The center also benefits from its proximity to Highland Village’s neighboring suburbs of Flower Mound and Lewisville, which offer robust customer bases with high disposable incomes. Top demand drivers for the center also include DFW International Airport, Grapevine Lake, Lewisville Lake, Las Colinas Urban Center and Gaylord Texan Hotel, which are all within proximity of the center.

 

COMTACT:

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com 

Keyes/Illustrated Luxury Report: Big Year-Over-Year Gains in South Florida High-End Sales in Q4 2023

 $1 million-and-up single-family and condo markets post increases in total transactions

Christina Pappas

MIAMI, FL and PALM BEACH, FL, Jan. 31, 2024 – South Florida’s luxury residential market recorded year-over-year increases in total single-family and condominium sales during the fourth quarter of 2023, according to The Keyes Company and Illustrated Properties’ new Luxury Report.

Activity continues to pick up in the region’s $1 million-and-up market, as buyers and sellers become more adjusted to a “normal” market after the pandemic-era frenzy.

Across Miami-Dade, Broward, Palm Beach counties, the Treasure Coast and Southwest Florida, luxury single-family sales jumped from 1,778 in the fourth quarter of 2022 to 1,969 in the fourth quarter of 2023 – a 10.7% increase.

The region’s condo sector had a 9.2% uptick in $1 million-and-up transactions, from 815 to 890. The tri-county area of Miami-Dade, Broward and Palm Beach counties had single-family transaction increases during that timeframe, with Palm Beach County also enjoying a big year-over-year jump in high-end condo sales (50%).

“The year-over-year transaction gains we saw in the fourth quarter of 2023 continue the trend of the previous quarter,” Keyes President Christina Pappas said.

Palm Beach, FL coast

“Luxury buyers and sellers in South Florida are increasingly comfortable with the pricing environment and accepting of the fact that we might never experience the feverish pace of activity that occurred in 2021 and part of 2022.”

High-end prices were a mixed bag on a regional basis. South Florida’s average luxury single-family sales price declined year-over-year, with a 3.4% drop to $2.37 million. However, the average high-end condo sales price stayed flat at $2.3 million.

Broward County was the biggest year-over-year gainer in average luxury sales price, with an 8.4% increase to $2.04 million for single-family and a 12% rise to $2.05 million for condos.

Mike Pappas

Other notable findings in the fourth quarter luxury report include:

• The Treasure Coast and Southwest Florida continue to emerge as desirable alternatives for some high-end buyers. The 38 high-end single-family transactions in the Treasure Coast represent a 5.6% year-over-year increase from the fourth quarter of 2022, while the region’s 20 luxury condo transactions marked an 11.1% year-over-year jump. Southwest Florida had a 35% surge in $1 million-and-up condo sales to 212, with Naples driving the activity.
•  
• Palm Beach County had encouraging year-over-year jumps in both luxury single-family and condo activity. High-end condo sales climbed by 50% from the fourth quarter of 2022 to the fourth quarter of 2023 (216 completed transactions), while $1 million-and-up single-family sales increased by 11.3% in the same span (638 sales)

Miami Beach, FL condos

• 
  
• The Boca Raton/Delray Beach submarket posted a year-over-year increase in luxury single-family transactions, with a 13.2% rise to 258 sales in the fourth quarter. Other submarkets with year-over-year gains in high-end single-family sales include Boynton Beach/Ocean Ridge (11.8%), Jupiter (27.4%) and Palm Beach Island (150% jump to 15 sales)
•  

“Looking ahead to this year, tight inventory and limited new development in the pipeline could keep luxury sales activity somewhat in check,” Keyes/Illustrated CEO Mike Pappas said.

 “But we still expect to see positive year-over-year increases over the next few quarters. Relocation demand from domestic and international feeder markets remains very strong.”

 

 CONTACT:

 

Daniel Benjamin

Account Director

dbenjamin@boardroompr.com

C 954-618-8287

O 954-370-8999

Web | Facebook | Instagram | LinkedIn | Twitter 

 

https://sabalbuilder.com/,

call (786) 870-4406, or email info@sabalbuilder.com.

 

Sabal Development Lists Stunning $14.99 Million Miami, FL Penthouse in Brickell House Condo Building designed by TOGU Design and listed by Lourdes Alatriste of Douglas Elliman

  

Lourdes Alatriste 

MIAMI, FL, Jan. 31, 2024 -- Sabal Development, an award-winning builder and developer, is excited to announce their luxury $14.99 million penthouse listing located at 1300 Brickell Bay Drive in the 46-story Brickell House Condominium.

The modern, sophisticated property features breathtaking panoramic views of Brickell, Key Biscayne, and Miami Beach. The unit is overlooking Biscayne Bay, in the heart of Miami’s Financial District, just minutes away from the bustling downtown food and entertainment district.

Lourdes Alatriste of Douglas Elliman is the listing agent. Sabal Luxury Builder is the contractor.

Pascal Nicolai

"We are extremely proud of our team's versatility and vision to produce a luxury listing such as this," said Pascal Nicolai, Founder and CEO of Sabal Development.

The 6,500-square-foot penthouse is on the 44^th floor of the building and is equipped with 5 spacious bedrooms and 7 bathrooms.

Once you enter, you are greeted with 20-foot ceilings and floor-to-ceiling sliding glass doors leading to an oversized balcony with beautiful views of both the city and Biscayne Bay. The chef's kitchen is open-concept and has subzero and Thermador appliances.

The penthouse also has a wine cellar, theatre, personal gym, office space and is fully automated through the Savant System.

Completed in 2014, Brickell House is a 46-story luxury condominium with state-of-the-art amenities, including 2 swimming pools, rooftop pool-deck, sundeck, fitness center, spa, and sauna. The residence also features the world’s largest AGV automated robotic parking system, valet parking, concierge services, and two street-level restaurants, LPM Restaurant & Bar and Osaka Concina Nikkei.

Osaka Concina Nikkei

Recognized by the Wall Street Journal as one of the Top Sales Agents worldwide, Lourdes Alatriste is a leader in the Miami premium real estate market.

Renowned for its passion and uncompromising attention to detail, TOGU Design earned its reputation for curating art and furniture at opulent hotels throughout France and Switzerland.

  

 CONTACT:

 

Daniel Benjamin

Account Director

dbenjamin@boardroompr.com

C 954-618-8287

O 954-370-8999

Web | Facebook | Instagram | LinkedIn | Twitter 

 

https://sabalbuilder.com/,

call (786) 870-4406, or email info@sabalbuilder.com.

 

Ware Malcomb Announces Construction Completed on Award Winning Precision Labs in Germantown, MD

Lori Ambrusch

WASHINGTON, DC – Ware Malcomb, an award-winning international design firm, announced that construction is complete on 20430 & 20440 Century Boulevard, two office buildings converted to a cGMP-ready white box facility and state-of-the-art lab facility respectively, located in Rock Creek’s four-building Precision Labs™ campus in Germantown, MD.

 Ware Malcomb provided lab planning, site design, and interior architecture and design services for the buildings, encompassing approximately 32,000 and 52,000 square feet, respectively. The project was recognized as the winner of the NAIOP DC | MD Design Excellence Award for Best Life Science Facility.

Located off I-270, the buildings are within one of the largest life science clusters in the country and a showcase for creative repositioning of office property.

The campus is owned by Rock Creek Property Group, a Bethesda, MD-based real estate investment and development company with a diverse portfolio of commercial and residential properties.

Ware Malcomb’s science & technology studio worked in tandem with their interior architecture and design and site planning studios in completing the project.

Converting the two buildings into move-in ready speculative BSL-2 lab suites and cGMP-ready space represented a complex adaptive reuse effort as the buildings were originally constructed as office space.

 Of particular focus were enhancements to the buildings’ electrical, mechanical and wastewater infrastructure while maintaining consistency with the site’s original zoning.  

“This project exemplifies innovation, flexible design and creative repositioning,” said Lori Ambrusch, Director, Science & Technology for Ware Malcomb. “These newly transformed spaces should attract tenants through generation of much-needed life science laboratory space in the region.”

CONTACTS:

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

rachel@kcomm.com

 Maria Rodgers,

Director, PR & Communications, 

949.660.9128, 

mrodgers@waremalcomb.com

 Sean Boswell,

PR Associate, 

949.660.9128

 sboswell@waremalcomb.com

 

Ware Malcomb Names Shannon Suess Director, Interior Architecture & Design in Seattle Office

 

Shannon Suess

SEATTLE, WA, Jan. 30, 2024 – Ware Malcomb, an award-winning international design firm, today announced Shannon Suess has joined the firm’s Seattle office as Director, Interior Architecture & Design.

 In this role, she will focus on the growth of the office’s Interior Architecture & Design practice, and overall business development within the Seattle market and beyond.

 “Shannon has become an integral member of our Seattle leadership team, and her character and focus on mentoring and collaboration is an ideal fit with our company culture,” said Jonathan Thomas, Principal in Ware Malcomb’s Seattle office. “As we expand our presence in the Pacific Northwest, we look forward to the team’s accomplishments under her guidance.”

 

Jonathan Thomas

Suess brings more than 28 years of unique experience and exceptional leadership skills to Ware Malcomb. Her background includes design and project management roles with some of the world’s largest design firms on projects in Asia, Europe, the Middle East, Africa, as well as the United States.

 She is versed in all phases of architectural work from concept design to contract administration, with an emphasis on design, project leadership, client interface and consultant coordination.

 

Suess studied Interior Design from California State University, Long Beach, and a Bachelor of Science degree in Environmental Design from ArtCenter College of Design.

 Additionally, she received a Commercial Real Estate Development Certification from the University of Washington. For over a decade, she has been active as a member of the Urban Land Institute, participating in two invited product councils for Travel Experience and Trends (TETC) and Responsible Property Investment Council (RPIC) Along with active member of CREW and NEWH.

Shannon has been published in various magazines and journals and worked on award-winning projects. This includes the 2021 LIV Award winner for Architectural Design of the Year and 2021 NAIOP Night of the Stars Winner - Historic Renovation of the Year. 

 

CONTACTS:

 

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

rachel@kcomm.com

 

Maria Rodgers,

Director, PR & Communications

 949.660.9128, 

mrodgers@waremalcomb.com

 

Sean Boswell,

PR Associate

 949.660.9128

 sboswell@waremalcomb.com