Ware Malcomb Names Azin Khorram and Lisa Reed to Director, Strategic Accounts Roles

Azin Khorram

.

RVINE, CA, Aug. 21, 2024 – Ware Malcomb, an award-winning international design firm, announced that Azin Khorram and Lisa Reed have joined the firm as Directors, Strategic Accounts.

  In their roles, Khorram and Reed will focus on building global and national corporate account relationships to support our regional leaders.

Based in New York, Azin Khorram brings an impressive 15-year architecture and interior design background, combining design, project management and business development expertise.

Lisa Reed

"Azin's multifaceted background and adeptness in relationship management are qualities that will help expand Ware Malcomb's global client partnerships," said Bill Sotomayor, Principal, Ware Malcomb. "We are excited to welcome her to the firm." 

Khorram earned her Bachelor of Architecture from the University of Southern California and is LEED-accredited. She is a CoreNet Women's Leadership Committee member and an active member of the American Institute of Architects (AIA), IFMA and PWC.

 

 Bill Sotomayor

Based in the firm's Los Angeles office, Reed is a multi-disciplined interior designer with 20 years of experience designing global corporate headquarters and campuses, boutique restaurants and luxury residential projects.

"Lisa brings a unique skill set to the role—her previous design and leadership experience, coupled with her exceptional communication skills, will allow the firm to engage in new business opportunities across multiple sectors," said Ted Heisler, Vice President, Interior Architecture & Design. "We are thrilled to welcome her to the Ware Malcomb team."

 Ted Heisler

Reed is NCIDQ-certified, a LEED-accredited Professional, and a California-certified interior Designer. Her design work and thought leadership have been published in Interior Design Magazine and Metropolis and featured on various in-person Dwell Tours. 

 

Reed previous clients include A-list Hollywood actors, global technology leaders, and award-winning top chefs. She earned her graduate in Architecture and Interior Design from UCLA and holds her Bachelor of Arts from Occidental College, where she graduated Summa cum Laude.

 

CONTACTS:

 

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

 

Maria Rodgers, Director,

PR & Communications

 949.660.9128

 mrodgers@waremalcomb.com

 

Sean Boswell, PR Specialist

 949.660.9128

 sboswell@waremalcomb.com

 

JLL Capital Markets handles construction financing for Denton Point III, IV and V, a to-be-built, Class A industrial park in Denton, TX

 

Campbell Roche

 

DALLAS, TX, Aug. 19, 2024 – JLL Capital Markets has secured construction financing for the development of Denton Point III, IV and V, a to-be-built, Class A industrial park located in Denton, Texas. Financial details were not disclosed.

 JLL worked on behalf of the borrower, Holt Lunsford Commercial Investments, to secure a five-year loan from First United Bank.

 

The JLL Debt Advisory team was led by Senior Managing Director Campbell Roche, Senior Directors Will Mogk and Tom Weber, Associate Luke Rogers and Analyst Jordan Buck.

Will Mogk

Totaling 451,856 square feet, the three industrial buildings will feature rear-load configurations, 28-foot to 32-foot clear heights, 114 total dock doors, bay depths ranging from 160 feet to 280 feet, ample parking and brand-new public road infrastructure surrounding the development.

 

      Jordan Buck

The development site is situated within the Denton industrial submarket, one of the most in-demand submarkets in the Dallas-Fort Worth metroplex.

                                                                 

Upon completion, the properties will be conveniently located just 1.8 miles from the convergence of I-35E and I-35W, providing direct trucking routes to both Dallas and Fort Worth.

Tom Weber

Additionally, the development’s proximity to Highway 380 rounds off its excellent access to the entire metroplex.

  

According to JLL’s Q2 Dallas-Fort Worth Industrial report, the market’s demand from leasing activity experienced a 25.1% increase quarter-over-quarter, totaling over 12 million square feet.

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.

 Luke Rogers

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. 

 

About First United Bank

Established in 1900, First United Bank has more than 85 bank, mortgage and insurance locations throughout Texas and Oklahoma. 

 It is among the largest privately held community banking organizations in the U.S. with assets of more than $16 billion.  First United Bank provides a full range of financial services including banking, mortgage, insurance, and investment products and services, and is dedicated to inspiring and empowering others to Spend Life Wisely®.

 

CONTACT:   

 Grace Lewis

PR, Capital Markets

JLL

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

 

firstunitedbank.com.

 

Forman Capital Provides $8 Million Bridge Loan to Dan Kodsi’s Royal Palm Companies

Scott Mehlman

 .MIAMI, FL and PALM BEACH, FL  – Forman Capital, a leading private direct real estate lender, funded an $8.36 million pre-development bridge loan secured by a Miami residential development site. 

The borrower, Dan Kodsi’s Royal Palm Companies (RPC), plans to develop a condo-hotel project on the properties.

 

The transaction closed on Aug. 16. Chief Investment Officer/Partner Scott Mehlman and Vice President Ty Regnier closed the financing on behalf of Forman Capital.

Ty Regnier 

“Forman Capital is excited to collaborate with a sponsor we have a longstanding relationship with,” Mehlman said. 

“Given Miami’s continued population growth and year-round tourism, this branded condo-hotel development should be extremely successful. We are particularly bullish on the product type and Miami’s urban core overall.”

 

The site, which consists of two contiguous parcels totaling 0.49 acres just north of downtown Miami, is entitled for the development of up to 245 residential units. RPC is working with the City of Miami to increase the site’s density to accommodate up to 360 units.

 

RPC was founded by Kodsi in 1978 and has delivered over 9,500 units with $4.7 billion in real estate investments. The project site, located at 1317-1353 N. Miami Ave., is less than a mile from the I-95/I-395 interchange and near museums, parks, shopping, dining, Kaseya Center - the Miami Heat’s home arena, PortMiami and much more. 

Two existing commercial buildings operated by two restaurant supply tenants are currently located on the overall project site.

 

“This is one of the more attractive undeveloped sites in the Greater Downtown Miami market,” Forman Capital Partner Ben Jacobson said. “The combination of the site’s appeal, the developer’s track record and pent-up demand for additional high-end condo-hotel inventory bodes well for the project’s sales activity.”

 

About Forman Capital:

 

Palm Beach-based Forman Capital is a provider of private commercial real estate debt and equity financing for transactions ranging from $5 million to $100 million.  Company principals Brett Forman and Ben Jacobson have closed more than $2.8 billion in commercial real estate transactions since 2004. For more information, visit 

 

 

 

CONTACT:

 

Eric Kalis

Senior Vice President

ekalis@boardroompr.com

C 305-794-5123

 

www.formancap.com.

O 954-370-8999

Web | Facebook | Instagram | LinkedIn

 

Industry Veteran Beth Barris Named Executive Vice President of Sales & Marketing to Lead New Department at Elevat3

 

Beth Barris

HOUSTON, TX —Officials of ELEVAT3, a leading revenue management consultancy firm, has launched a new sales & marketing division to provide tailored branding solutions for hoteliers, naming industry veteran Beth Barris as executive vice president of sales & marketing to lead the new offering.

             “With more than two decades of direct hospitality sales and marketing experience , Beth is the ideal candidate to lead ELEVAT3’s new division,” said Nilesh Patel, partner and co-founder, ELEVAT3.  “These new offerings are a natural outgrowth for our company and will provide a valuable service to our clients to help them enhance asset performance and boost sales.”

Nilesh Patel,

 Prior to joining ELEVAT3, Barris was chief sales officer of Barris Hospitality Consultancy, where she was contracted by hotel sales and marketing teams, owners and management companies to provide superior services to help expand existing properties’ sales revenues and market shares. 

 

  Previously, she held multiple roles with Marshall Hotels & Resorts culminating in executive vice president of sales and marketing.

 

For more information about Elevat3 Revenue Management or Sales and Marketing, please visit www.elv3.com or contact Nilesh Patel at nilesh@elv3.com or Beth Barris at beth.barris@elv3.com.

 

CONTACT:

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com