Done Deals

Good morning, Friends: This is your Free site to publish daily real estate-related news releases. The releases may be edited for length. Photos in JPEG or GIF format will also be considered. There is no charge. Please send all material, photos and queries to: alexfinkelstein@aol.com.

Thursday, September 19, 2024

JLL welcomes Dan Peek as President of JLL Americas Hotels & Hospitality group

 

Daniel C. Peek

CHICAGO, IL – JLL’s Hotels & Hospitality group announced Daniel C. Peek has joined the firm as President of JLL Americas region. Over the course of his career, he has completed nearly $60 billion in investment sales, debt and structured finance transactions.

 

Based out of JLL’s Tampa office, Peek will report to Americas Capital Markets CEO, Mark Gibson, partnering with Kevin Davis, Americas CEO for JLL’s Hotels & Hospitality group. Together, Davis and Peek will focus on driving client relationship management, investment sales, financing, tax and asset management strategies.


Mark Gibson

“I am incredibly excited to welcome Dan as a partner in leading the Americas Hotels business,” said Davis. “He brings a complimentary skill set to the team and will be a key driver of our investment sales advisory business and client relationship management efforts. We’ve set forth a tremendously aggressive growth plan and I look forward to working with Dan to execute.”


Prior to joining JLL, Peek served as President and Chief Operating Officer at Hodges Ward Elliott, where he led a global team responsible for executing institutional-grade commercial real estate transactions.

Before that, he served as Senior Managing Director and Head of the hospitality practice group at HFF, where he established the firm’s dedicated hotel platform.

Additionally, Peek co-founded Regent Street, an affiliate of The Plasencia Group (TPG), a boutique firm specializing in the sale, financing and advisory services for distinctive hotels and resorts throughout the Americas.

Peek is a graduate of the School of Hotel Administration at Cornell University. He is also a member of the Urban Land Institute and its Hotel Development Council, the AHLA Investment Roundtable, the Board of Trustees of the AHLA Foundation and the advisory board of the Cornell Real Estate and Finance Center.

Moreover, Peek is a recipient of the esteemed Jack A. Shaffer Financial Advisor of the Year award, which recognizes a dealmaker with exceptional skills in fostering and establishing relationships with the objective of successfully closing transactions that result in mutual benefits for both parties.

Kevin Davis,
 
“I have had the privilege of previously working alongside Dan for over a decade and I have witnessed firsthand his remarkable capabilities,” said Gibson. “His extensive experience, unparalleled dedication and team-oriented mindset make him an ideal addition to our Americas Hotels’ leadership team. We are excited to have him on board and look forward to working together to elevate our position in the market.”

 

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

 

CONTACT:

 Grace Lewis

JLL Hotels & Hospitality and Capital Markets PR

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

 

 


Alex at 9:24 PM No comments:

Greystar promotes Wil Hogue to Director-Industrial Development

Wil Hogue 

  PHOENIX, AZ, Sept.19, 2024 – Underscoring its growing industrial portfolio in the Southwest, Greystar, a global leader in the investment, development, and management of institutional-quality commercial real estate, has promoted Wil Hogue to Director – Industrial Development.

In his role, Hogue directs Class A Greystar industrial projects from site selection and construction through lease-up. Since joining the company in 2021, Hogue has facilitated $148 million in debt and equity raises, transacted over 180 acres of raw land and completed due diligence for more than 85 potential projects.

He currently manages Greystar’s 2.4 million-square-foot industrial development pipeline, valued at over $385 million. This includes the 2.1 million-square-foot Gateway Grand Class A industrial development in Mesa, Arizona, and the 411,918-square-foot Caliber at Peoria Place Class A industrial development in Peoria, along with the pursuance of future opportunities.

Prior to Greystar, Hogue was Area Manager for Valley Income Properties and Founder and Principal of Sonata, a real estate consulting firm that assisted with the inception of Greystar’s Logistics Platform.

Billy Cundiff

“Wil has been a valued member of our team from the start,” said Billy Cundiff, Managing Director of Development for Greystar Development and Construction Services. “His work ethic, market expertise and collaborative approach are a cornerstone of our industrial growth. We’re very pleased to support his continued success at Greystar.”

Hogue holds a bachelor’s degree in Business and Entrepreneurship from South Dakota State University and a master’s degree in Real Estate Development from Arizona State University. He serves as the President of ASU’s Master of Real Estate Development (MRED) Alumni Association and is a member of Urban Land Institute’s Partnership Forum.

 

CONTACT:

 Stacey Hershauer

focusAZ 

P 480.600.0195

www.focusaz.com

 



 

Alex at 8:44 PM No comments:

JLL Capital Markets closes sale and financing of Florida seniors housing community in Palm Beach County

Allison Holland 

NEW YORK, NY –  JLL Capital Markets has completed the sale and financing of Mariposa, a 313-unit seniors housing community in Lake Worth, Palm Beach County, Florida.

 JLL represented the seller, and procured the buyer, Focus Healthcare Partners. Additionally, JLL worked on behalf of Focus to secure the fixed-rate acquisition loan through Freddie Mac.

Alex Sheaffer


The loan, which has a loan-to-value of 62%, will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo Lender for seniors housing loans. Arbor Senior Living is taking over operations of the community.

 

Completed in 2018, Mariposa is a Spanish-style community consisting of a three-story, “H-shaped” independent living and assisted living building as well as a single-story memory care building.

 

The independent and assisted living facility offers residents restaurant-style dining, an outdoor heated swimming pool, a surround sound movie theatre, an 80-seat auditorium, a gym, card room, barber and beauty salon, game room and library. Mariposa is currently 95% leased and offers units ranging in size from studio to three-bedroom layouts.


 Jay Wagner,
The community is spread over 22.5 acres at 9130 Hypoluxo Rd., approximately 17 miles south of West Palm Beach. The community is close to a variety of retail offerings, golf courses and country clubs and the HCA Florida JFK Hospital. 


The immediate area surrounding Mariposa is home to more than 167,000 residents aged 65 and older.

 

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Jay Wagner, Rick Swartz and Aaron Rosenzweig, Director Jim Dooley and Executive Managing Director Manny de Zarraga.


Rick Swartz
JLL Managing Director Allison Holland and Associate Alex Sheaffer led the debt advisory efforts on behalf of Focus Healthcare Partners.

 

“Mariposa is a high-quality senior community with amenities for all levels of care,” Wagner said. “We saw a tremendous amount of investor interest in the property given its appeal as well as its prime location in a heavily seniors-concentrated area of Florida.”

 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers

. 

Aaron
Rosenzweig
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.

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

Jim Dooley


Manny
 de Zarraga

About JLL 


For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. 




 

 Contact:


Kristen Murphy

Director, Public Relations

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

617-543-4873



Alex at 8:16 PM No comments:
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Alex Bio Chronological revised 8-11-13 1952Journalism-History graduate, University of North Dakota, Grand Forks, ND---- 1952—53 British United Press, Montreal and Ottawa, radio desk news reporter---- 1953—55 Winnipeg Free Press (Canada), general news and sports reporter---- 1955—60 Miami Herald, investigative reporter---- 1960-73 Washington, DC Star, Copy Editor and Makeup Editor for six daily afternoon editions---- 1973-79 Orlando, FL Sentinel, regional advertising manager for Lake, Marion and Sumter Counties---- 1979—80 Daytona Beach, FL News-Journal, assistant business news editor--- 1980—81 Pittsburgh Business Journal, real estate editor---- 1981—86 South Florida (Miami) Business Journal---- 1986—87 Miami Daily Review, real estate editor---- 1987—2000 Orlando, FL Business Journal, real estate and legal news editor---- 2000—2007 GlobeSt.com (online), Southeast Bureau Chief and Co-Editor, Debt & Equity Newsletter---- 2008-2011, Senior Reporter for Real Estate Channel---- 2011—2013, Senior Reporter, World Property Channel--- 2007 to present—Publisher, DONE DEALS online daily real estate blog
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