Stevens-Leinweber Hires Nick Litwiller as Director in Move to Build Leadership Team

Nick Litwiller

 

 PHOENIX, AZ – Marking its growth in a thriving construction market, Phoenix-based Stevens-Leinweber Construction (SLC) – one of the Valley’s most active ground-up and tenant improvement contractors – has expanded its leadership team with the addition of industry veteran Nick Litwiller.

 Litwiller will oversee the management of key improvement initiatives and operations for SLC’s thriving project pipeline, which spans millions of square feet of office, industrial, retail and amenity space in metro Phoenix’s hottest growth markets and within many of its most prominent developments.

Stevens-Leinweber Construction (SLC), Phoenix, AZ

Current and recently completed SLC projects include the ground-up construction of PLC Two, Chandler Connection, Chandler Corporate Center II and numerous buildings within the PV 303 business park.

 

Recent tenant improvements include work for corporate entities such as Opendoor, Eide Bailly, Alliance Bank and Align.

 

Litwiller brings with him 15 years of industry experience, including portfolio planning and management, project management, and investment and asset management for clients ranging from local entities up to Fortune 100 real estate concerns.

Chandler Connection, Phoenix, AZ

Prior to joining SLC, Litwiller served as Director of Real Estate for Iowa-based SHYFT Collective, where as head of the Arizona office he was responsible for managing the company’s Southwest project portfolio.

 This included leading the development, amenity operations and relocation of a new 450,000-square-foot regional headquarters for Nationwide Insurance in Scottsdale, Arizona.

Chandler Corporate Center Phase 2, Phoenix, AZ

Within the industry, Litwiller enjoys a network of strong and mutually respectful relationships with owners, landlords, brokers, vendors and institutional and corporate real estate tenants.

 

He holds a bachelor’s degree in finance from the University of Iowa Tippie College of Business, is a licensed Arizona Real Estate Salesperson and a designated Project Management Professional (PMP) from the Project Management Institute.

  

 

 CONTACTS:

 

Stacey Hershauer

stacey@focusaz.com

480.600.0195

 

Kairos Investment Management Co. (KIMC) CEO Carl Chang Named Board Chair to Los Angeles Branch of San Francisco Federal Reserve Bank

Carl Chang

 

LOS ANGELES, CA, Jan. 24, 2022 – Kairos Investment Management Company (KIMC), a firm that focuses on value-based real estate investments with favorable risk/reward characteristics, has recently announced the appointment of its CEO, Carl Chang, to Chair of the Board for the Los Angeles Branch Board of Directors of the Federal Reserve Bank of San Francisco.

 This appointment comes as part of the Federal Reserve Act of 1913, which requires each of the 12 Reserve Banks to function under the supervision of a Board of Directors.

 Under this act, the Board of Directors has the responsibility to represent the interests of the 12^th Reserve District to help fulfill operational and policy responsibilities.

Federal Reserve Bank of San Francisco
101 Market Street, San Francisco, CA 94105

“This appointment marks a huge step forward for not only our firm but also for firms that are in similar industries as Kairos,” says Chang.

 “One of our main areas of responsibility as Board members is to act as a link between the government and businesses in the private sector and voice our views on current and future monetary policies.

 "I look forward to carrying out this important mission in my new role with the Board.”

 

CONTACTS:

Arleeny Escarcega / Lexi Astfalk

The Smart Agency, Inc.

(949) 438-6262
aescarcega@thesmartagency.com

www.kimc.com.

Las Vegas Coalition to Make Homes Possible to host monthly webinar series with housing counselors, starting Saturday, Jan. 29 at 10 a.m.

Nia Girma

LAS VEGAS — Sponsored by Homie, a tech-based real estate company, the Las Vegas Coalition to Make Homes Possible will host a new monthly webinar series enabling potential homebuyers to ask questions about how to get on the path to homeownership and receive free housing counseling in an online, group format.

The first session, hosted by Nia Girma, an Affordable Housing Advocate at State of Nevada Housing Division, will occur on Saturday, Jan. 29 at 10 a.m. and focus on down payment assistance. The webinar is free, but pre-registration is requested at https://www.makehomespossible.org/live-qa/.

 

Subsequent sessions will be held at 10 a.m. on the last Saturday of every month through May 28, and cover topics that often challenge potential homebuyers like homebuyer requirements, credit building, local market trends, student loan debt, and bankruptcy. Sessions will also promote various resources available locally and from Coalition partner agencies that can assist homebuyers.

 

 

The Las Vegas Coalition to Make Homes Possible launched in February 2021 to help close the Black homeownership gap in the Las Vegas Valley by empowering up to 25,000 families with the resources to achieve homeownership over the next ten years, including down-payment assistance, financial coaching, credit repair, housing counseling, and real estate services. In Southern Nevada, only 35 percent of Blacks are homeowners, compared to a supermajority for white households.

Amy Maier

A disruptor to the residential real estate industry, Homie is committed to making homeownership easy, affordable, and accessible to all.

 Through its Homie Helps community initiative, Homie convened a diverse group of community leaders and organizations as founding members of the Coalition, including the Urban Chamber of Commerce, Nevada Housing Division, city of Las Vegas, Nevada Partners, National Association of Real Estate Brokers (NAREB), Neighborhood Assistance Corporation of America (NACA), NID Housing Counseling Agency of Southern Nevada, and AmeriFirst Financial. 

Homie Helps is supporting the Coalition’s first year of community awareness and outreach efforts, including staff, events, and advertising.

CONTACT: 

Amy Maier

 The Warren Group

 amy@twgpr.com

 

JLL arranges $318 million financing for six-property, 1,494-unit multi-housing portfolio located throughout Maryland, Virginia and Alabama

 Melissa Marcolini Quinn

 ORLANDO, FL, Jan. 24, 2022– JLL’s Capital Markets group announced today that it secured a $318.45 million acquisition loan for a six-property, 1,494-unit multi-housing portfolio located across Maryland, Virginia and Alabama.

 

JLL represented the borrower, Carter Multifamily, to secure the floating-rate, non-recourse bridge loan through J.P. Morgan Chase Bank that will facilitate a Single Asset Single Borrower (SASB) securitization, which is a single-loan large enough to create its own pool for securitization.

 Emily Moallem

 

The multi-housing portfolio consists of:

·         Park at Kingsview Village, 13414 Daventry Way, Germantown, Maryland

·          ·         Stonecreek Club, 12840 Locbury Circle, Germantown, Maryland

·         Hunt Club leasing office, 404 Christopher Avenue, Gaithersburg, MD

·          ·         Springwoods at Lake Ridge, 12395 Midsummer Ln., Woodbridge, Virginia

·         Windsor Park. 3937 Penshurst Ln., Woodbridge, Virginia

·         Oaks of St. Clair, 5050 Oaks of St. Clair Circle, Moody, AL

Featuring garden-style construction with competitive amenities, the overall portfolio benefits from the surging demand for workforce housing.

 

Five of the properties are in the Washington, D.C. suburbs, providing tenants access to the fast-growing job market in and around the District.

 

The 326-unit Park at Kingsview Village, the 240-unit Stonecreek Club and the 336-unit Hunt Club are set in Germantown and Gaithersburg, Maryland, respectively, which are northwestern suburbs along Interstate 270.

Cody Mizelle

The 220-unit Windsor Park and the 180-unit Springwoods at Lake Ridge are both within Woodbridge, Virginia, a southern suburb approximately 23 miles from downtown Washington, D.C.

 

 Located in the growing Birmingham, Alabama MSA, the 192-unit Oaks of St. Clair is positioned in Moody, Alabama, approximately 20 miles east of downtown Birmingham.

Rob Rothaug 

JLL’s Capital Markets Debt Advisory team that represented the borrower was led by Senior Managing Directors Melissa Marcolini Quinn and Lee Weaver, Director Drew Jennewein, Vice President Rob Rothaug and Associates Emily Moallem and Cody Mizelle.

 

“This portfolio acquisition featured multiple sellers and a compressed timeframe, with less than 30 days from signed term sheet to closing,” Quinn said.

 

“The team at JP Morgan was able to provide an attractive, short-term, balance sheet financing option, which is ideal for the planned SASB take out.”

 Drew Jennewein

“We were able to meet the closing deadline through hard work and significant cooperation among our teams,” Weaver added.

 

 “The borrower team at Carter Multifamily has a track record of adding value to multi-housing assets, and they were fantastic to work with on this acquisition, which will be a terrific addition to their portfolio.”

Lee Weaver

JLL’s Capital Markets group 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 and sales advisory, debt advisory, equity advisory or a recapitalization.

CONTACT:

 Jenna Sharp

JLL Public Relations

Phone: +1 214 394 3356

Email: Jenna.Sharp@am.jll.com

carterfunds.com and cartermultifamily.com.

jll.com.

Hold-Thyssen Assists Established Psychiatric Practice in Purchase of Professional Office for Future Expansion in Lutz, FL

 

Theresa Margaris

Lutz, FL --- Hold-Thyssen, Inc. recently brokered the $450,000 sale of a stand-alone professional office in the Van Dyke Professional Park, 17535 Darby Lane in Lutz. 

Transaction Specialist Theresa Margaris, who negotiated the transaction, said New Horizons Mental Health, LLC purchased the 2,500 square foot office building with spacious office suites for future expansion of its growing practice.  

  Trustee Management Svcs., LLC was the seller.

Stand-alone professional office
 in Van Dyke Professional Park
 17535 Darby Lane, Lutz, FL

The office building, constructed at the professional park in 2007, is located between Veterans Expressway / Suncoast Parkway and N. Dale Mabry Hwy, minutes to St. Joseph Hospital with easy access to Pinellas and Pasco counties and Tampa International Airport . 

Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide. 

 The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States . 

CONTACTS:

Richard J. Fisher, Vice President/Investor Services, Hold-Thyssen, Inc.

813-880-7100 ext303 rfisher@HoldThyssen.com

 

Robert P. Hold, Principal, Hold-Thyssen, Inc.

407-691-0505, bhold@HoldThyssen.com

 Beth Payan, Larry Vershel Communications Inc.

407-461-3781 beth@larryvershel.com  

JLL Capital Markets closes sale of KONE Industrial Facility in Allen, TX

Beth Copeland

 DALLAS, TX – JLL Capital Markets closed the sale of KONE Industrial Facility, a two-building facility totaling 144,128 square feet of industrial and research space fully leased to KONE in the North Dallas suburb of Allen, Texas.

 JLL marketed the property on behalf of the seller, Sentinel Capital. Tradition Senior Living, LP acquired the asset.

Stephen Bailey

Constructed in 2016, KONE Industrial Facility is fully leased to KONE, one of the global leaders in the elevator and escalator industry.

KONE uses the facility for its Americas’ supply operations, major project engineering, R&D and other product support and installation functions.

The institutional-quality facility comprises a 121,852-square-foot industrial building with a 28-foot clear height, four dock-high doors, one drive-in door and a low office finish, along with a 22,276-square-foot, seven-story elevator test tower with 27 percent office finish.

 Situated on 6.18 acres, KONE Industrial Facility is at 460 and 500 Century Parkway in a highly desirable infill location with immediate access to Highway 75.

Dustin Volz

This coveted location provides easy access to two state highways, 121 (Sam Rayburn Tollway) and 161 (George Bush Turnpike). 

The immediate area is home to some of the most sought-after retail options in the area, including Waters Creek.

 The highly sought-after Dallas-Fort Worth industrial market continues its record-setting demand and absorption, which shows no signs of slowing down.

 KONE Industrial Facility is within the Northeast Dallas Industrial submarket, which is the largest submarket for manufacturing space.

According to JLL Research, this submarket had only 5.9 percent vacancy at the end of the fourth quarter of 2021.

Dom Espinosa 

 The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Stephen Bailey, Senior Managing Director Dustin Volz, Director Dom Espinosa and Analysts Wesley Gilmer and Beth Copeland.

 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.

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

 

Wesley Gilmer

About Sentinel Capital

Sentinel Capital, LLC formed in 2012 as an opportunistic real estate investment firm that specializes in the acquisition, development, management and disposition of commercial real estate properties located throughout Texas.

 Focusing on markets with long-term economic growth, Sentinel Capital is dedicated to a highly disciplined investment strategy across all real estate asset types, including: industrial, office, retail and multi-family. 

 

 CONTACT:

 

Kimberly Steele

 JLL Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

jll.com.

 

H-E-B-anchored power center near Houston sells to Fidelis Realty Partners

 

Wendy Vandeventer 

HOUSTON, TX – JLL Capital Markets has closed the sale of Shadow Creek Ranch, a 613,468-square-foot, H-E-B-anchored power center within the master-placed Shadow Ranch community in the Houston suburb of Pearland, Texas.

Katherine Miller

JLL marketed the property on behalf of the seller, EDENS. Fidelis Realty Partners LLC acquired the asset. Additionally, the new owner has engaged JLL to source post-acquisition financing.

 

Completed between 2007 and 2008, Shadow Creek Ranch is anchored by H-E-B, ranked the No. 2 grocer in America for 2021 by the dunnhumby Retailer Preference Index.

Chris Gerard

The 97.7-percent-leased property is also home to a diverse lineup of national and local tenants, including Academy, Ashley HomeStore, Burlington, Dynamic Fitness, Hobby Lobby, Subway, Club Pilates, Men’s Wearhouse, Pure Barre and Salata.

 The sale includes 11 free-standing pad sites leased to popular tenants such as Taco Cabana, Frost Bank and Longhorn Steakhouse.

 

Shadow Creek Ranch is at 2805 Business Center Dr. in Pearland, a growing southern Houston suburb known for a recent influx of major corporate relocations.

 

The retail center is within the 3,500-acre premier Shadow Creek Ranch master-planned, mixed-use, live-work-play development that features greenbelts, lakes and the majority of Pearland’s principal employers and retail space.

Ryan West

The power center serves an affluent trade area that includes 79,126 residents with in a three-mile radius with an average income exceeding $138,000.

 

 The population has ballooned nearly 57 percent since 2010, and the current number of households is anticipated to grow 11.2 percent over the next five years.

 

The JLL Retail Capital Markets team representing the seller was led by Senior Managing Directors Ryan West and Chris Gerard, Senior Managing Director and Co-Head of U.S. Retail Capital Markets Barry Brown, Senior Director Wendy Vandeventer and Analyst and Katherine Miller.

 

“The sale of Shadow Creek Ranch reflects the state of the retail capital markets in Texas,” West said. “We had a deep pool of buyers pursuing a large-scale retail asset that was anchored by a high-octane H-E-B and big box retailers that emerged from a pandemic stronger than before.”

Colby Mueck

The JLL Capital Markets Debt Advisory team arranging the post-acquisition financing for Fidelis Realty Partners LLC includes Senior Managing Director Colby Mueck, Senior Director James Brolan and Analyst Stuart Hepler.

 According to JLL Research’s recently released United States Retail Outlook for the third quarter of 2021, the retail recovery is in full swing with demand returning to 2017 levels.

 

Big-box retailers like the ones that call Shadow Creek Ranch home are posting solid performance and increasing the stability of power centers.

 

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

James Brolan

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 on JLL, please visit our newsroom.

  

About EDENS

EDENS is a retail real estate owner, operator and developer of a nationally leading portfolio of 110 places. EDENS’ purpose is to enrich community through human engagement. 

Stuart Hepler

EDENS knows that when people come together, they feel a part of something bigger than themselves and prosperity follows— economically, socially, culturally and soulfully. EDENS has offices in key markets including Washington, D.C., Boston, Dallas, Columbia, Atlanta, Miami, Charlotte, Houston and Denver.

 

About Fidelis Realty Partners LLC

Fidelis is an owner, operator and developer of retail, healthcare and residential commercial real estate projects and  has approximately 16 million square feet of property located in six states. Fidelis is headquartered in Houston with regional offices in Dallas, Texas, and Santa Fe, New Mexico.

 

CONTACT: 

 

Kimberly Steele

 JLL Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 frpltd.com.

 jll.com.