Sunday, September 10, 2023

Principal Kevin Holland and Vice President Britton Holland bring extensive experience in return to the Houston Capital Markets office

 

 Kevin Holland

HOUSTON, TX– Edge Realty Partners is pleased to welcome Kevin Holland back to the Houston Capital Markets team. 

  Holland most recently served as Executive Director with Cushman and Wakefield in Houston, Texas, providing advisory services to private and institutional clients in the greater Gulf Coast region. 


Britton Holland

Joining Kevin is Britton Holland, also formerly of Cushman and Wakefield, and a top advisor with a focus on valuation, strategic planning, and transaction structure. 

 

As an entrepreneur, Britton has developed commercial real estate software applications designed to optimize retail site selection and land development opportunities, efficiently analyzing satellite imagery via machine learning and AI techniques.

 

Kevin and Britton both have diverse experience, including assisting clients with debt and equity, purchasing non-performing loans, acquiring properties on behalf of public and private REITS, and disposing of properties and portfolios for private and institutional clients.

 

 

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.”

 

JLL Capital Markets arranges $63 million construction financing for the 348-unit Meritum Sonoran Desert in Phoenix, AZ


With an anticipated completion in 2025,
 the 13-building Meritum Sonoran Desert
 will include one-, two- and three-bedroom units
  

PHOENIX, AZ JLL Capital Markets has secured $62.625 million in construction financing for Meritum Sonoran Desert, a 348-unit, garden-style multi-housing development in Phoenix, Arizona.

 

JLL worked on behalf of the borrower, IDM Companies, to secure the loan through a life company. The project is IDM’s second multi-housing development in the North Phoenix area.

 

Elle Miraglia

With an anticipated completion in 2025, the 13-building Meritum Sonoran Desert will include one-, two- and three-bedroom units with an average size of 1,048 square feet.

 

The project will feature a free-standing clubhouse with a resident living room and kitchen, state-of-the-art exercise facility, package lockers, covered patio, a dog park, fire pits and two resort-style pools.

 

Situated at the northwest corner of Sonoran Desert Drive and 29th Avenue, the project is located less than three miles from the new $40 billion Taiwan Semiconductor manufacturing facility.


Kevin MacKenzie

It is positioned at the southeast corner of the I-17 Freeway Interchange, which allows future residents immediate proximity and ease of access to primary employment corridors.

 

Additionally, the community will be within 10 minutes of regional retail developments, including the Shops @ Norterra, Happy Valley Towne Center, Tramanto Marketplace and multiple Fry’s-anchored shopping centers.


 Brad Miner

The JLL Capital Markets Debt Advisory team was led by Executive Managing Director Kevin MacKenzie, Senior Managing Director Brad Miner and Associate Elle Miraglia.

 

“In spite of significant market headwinds and challenges in the banking system, this successful outcome shows there is still construction financing available for a top-flight sponsor with a well-conceived, well-located project,” said Miner.

 

For more news, videos and research resources on JLL, please visit our newsroom.

 

Contact:

 


Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com

 

Saturday, September 9, 2023

Alloy Properties completes redevelopment of premier life science campus in San Diego, CA

Alicia Mistry Hinds

  SAN DIEGO, CA  JLL is pleased to announce that Alloy Properties has completed the office-to-life science construction of Elements, a three-building, 290,000-square-foot life science campus located on 7.9 acres at 10201-10241 Wateridge Circle in the Sorrento Mesa submarket of San Diego, California. 

 Alloy Properties is a national life science focused on acquiring and operating life science and innovation campuses in major markets nationwide.


 Tony Russell
Elements can accommodate a wide range of uses from +/- 20,000 to +/- 189,000 square feet. 


 It also offers lab spec suites for immediate occupancy ranging in size from 19,462 – 62,294 square feet. 


 The property can also accommodate an additional 170,000-square-foot build-to-suit opportunity.

Designed by McFarlane Architects with JB Pacific serving as the general contractor, Elements combines contemporary work space and thoughtful amenities with outdoor connection and sweeping canyon views.

It features large 20,000 square foot floorplates, 13-foot to 18-foot ceiling height, outdoor collaboration space, a fitness center with outdoor workout and yoga space and covered 2.5 per 1,000 parking with EV charging stations.

Tim Olson
“Elements is a state-of-the-art facility designed to meet the specific needs of the life sciences community,” said Alicia Mistry Hinds, Director of Asset Management at Alloy Properties.

“Companies who come to Elements can expect to be part of a premier life science environment, surrounded by like-minded entrepreneurs and innovators as well as highly acclaimed scientific institutions.”

JLL’s Tony Russell, Tim Olson and Chad Urie are overseeing leasing at Elements.

 

Chad Urie
“As the San Diego life science industry continues to evolve, companies are looking for new, modern amenity-rich environments with access to talent and room for growth,” said Olson, JLL Senior Managing Director. 


 “Elements has the perfect combination to meet the needs of this growing industry.”

 







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.”

Ware Malcomb announces construction completed on Industrius 30 Adelaide Street East in Toronto, Canada

 

Christina Kolkas

TORONTO, Ontario, CANADA --– Ware Malcomb, an award-winning international design firm, announced construction is complete on Industrious 30 Adelaide St. East, offering dedicated and flexible workspace solutions in the core of Toronto’s financial district.

 Ware Malcomb provided interior architecture and design services for the 53,632 square-foot project, occupying three floors of an 18-story Class A office building owned by Dream Office REIT.


Industrious is a leading workplace provider for companies of all sizes and stages, with a national network of locations in more than 50 cities. Dream is one of Canada’s leading real estate companies, with over $24 billion in assets across North America and Europe.

“30 Adelaide Street East is an understated oasis that members are proud to call their workplace,” said Christina Kolkas, Regional Director for Ware Malcomb. “We collaborated effectively on this project with local Engineering consultants, Quasar and TMP to deliver this project.”

 Contacts:

 Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

rachel@kcomm.com

 

Maria Rodgers, Director,

 PR & Communications

 949.660.9128, 

mrodgers@waremalcomb.com

 

Maureen Bissonnette, Principal, Marketing, 949.660.9128

 mbissonnette@waremalcomb.com

  http://www.waremalcomb.com/news/ and brand video at https://www.youtube.com/waremalcomb.

 Photo credit: Philip Castleton

Ware Malcomb Names Peter Priebe as Director, Special Practices

 

 Peter Priebe

IRVINE, CA – Ware Malcomb, an award-winning international design firm, announced Peter Priebe has joined the firm as Director, Special Practices in their Irvine headquarters.

 In this newly created role, Priebe will focus on business priorities such as practice diversification, practice leadership and Ware Malcomb real estate, while also providing oversight to the firm’s IT and human resource departments.

“Peter brings a depth of international financial and operational leadership experience,” said Tobin Sloane, Chief Financial Officer & Executive Vice President & for Ware Malcomb.

 

Tobin Sloane

“Working closely with our executive leadership team, we look forward to his contributions to the strategic growth of the business.” 

Prior to joining Ware Malcomb, Priebe was Chief Executive Officer for a Los Angeles-based design firm. He also brings more than 12 years of experience working in architecture and engineering industry roles.

Priebe graduated from California State Polytechnic University Pomona with a bachelor’s degree in accounting and received an MBA degree from the University of California, Irvine, Paul Merage School of Business.

 

 Contacts:

 

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

 

Maria Rodgers, Director,

 PR & Communications

 949.660.9128, 

mrodgers@waremalcomb.com

 Maureen Bissonnette, Principal, Marketing, 949.660.9128

  http://www.waremalcomb.com/news/ and brand video at https://www.youtube.com/waremalcomb.

Winstanley Enterprises Bolsters Logistics Portfolio with Major Connecticut Acquisition of 1.07 Million SF Amazon Fulfillment Center in Windsor Sold for $122.3 Million

 

Adam Winstanley

Windsor, CT – Winstanley Enterprises LLC, one of the largest regional owners and operators of commercial real estate in New England, has acquired 200 Old Iron Ore Road in Windsor, Connecticut.

  The property was acquired for $122.3 million from German Investor Deka Immobilien Investment GmbH and is leased to Amazon on a long-term basis. The length and value of the lease was not disclosed.

  It was part of the open-ended real estate fund Deka-ImmobilienGlobal. The 1,071,000 SF state-of-the-art fulfillment center, completed in 2014, is situated on an expansive 89.5 +/- acre site on Day Hill Road and offers convenient access to I-91 via Exit 38 (Poquonock).

The building offers 32’ clear heights and 50’ x 50’ column spacing, ideal for its use.

 “This was an opportunity to add a large first-class warehouse building at an attractive and convenient location,” said Adam Winstanley, Principal of Winstanley Enterprises.

 “We feel strongly about the long-term viability of warehouse and distribution properties, and because of that have continued to grow our portfolio in this sector.”

Winstanley has been at the forefront of building a prime warehouse portfolio through both acquisition and development in central Connecticut and Massachusetts where surging demand has continued due to compressed delivery timeframes.

 This deal not only marks a substantial acquisition by Winstanley Enterprises but also ranks among Connecticut's major commercial real estate transactions for the year 2023.

 Winstanley currently owns and operates close to 10 million SF of warehouse space in New England and provides onestop leasing to a wide range of warehouse and distribution users.

 


With a long-term lease with Amazon, the fulfillment center will continue to operate as-is.

  Winstanley Enterprises LLC is a family-owned and operated commercial real estate company primarily focused in New England.

 Winstanley owns and operates 12.5 million SF of commercial real estate and are one of the largest local landlords of commercial property in New England.

 

 Contact:

 

Matt Watkins

Logan Trupiano 

ltrupiano@watkinsstrategies.

Watkins Strategies

617-571-4582

www.winent.com.

 

Friday, September 8, 2023

HVMG Expands Portfolio & Bolsters Leadership Team while Continuing to Achieve Industry Leading Financial Results

Sue Sanders

ATLANTA, GA — Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel third-party operator and investor, is expanding and fortifying its leadership team as the company surges ahead, powered by its industry leading market share growth and impressive financial performance.

 

The strategic promotions and new leadership team additions include Sue Sanders to executive vice president, chief strategy and administrative officer; Wilson Turner to senior vice president, human resources; Angie Cook to senior vice president of accounting and finance; Suzanne Saunders to senior vice president of design and construction; and Bob Kisker to vice president of operations. 

 

"The addition of nine hotels in just the first half of this year is a direct reflection of the stellar financial performance delivered by our hotel operating teams, combined with the hands-on efforts and oversight from our growth team and above property corporate resource and support teams,” said Robert Cole, CEO, HVMG.

 

These recent leadership promotions and additions are an integral step towards HVMG's quest for continued unparalleled financial success, while executing its strategic growth objectives.

 

Based on its current pipeline, HVMG anticipates that its accelerated growth trajectory will continue, reinforcing the company’s decision to augment its leadership team and corporate resources. 


As it stands today, HVMG has approximately 1.2 corporate associates for every HVMG hotel.

 

“The dedication and focus of Sue, Wilson, Angie, Suzanne and Bob, along with our other 60-plus above property corporate team members has been more than excellent," Cole added.

 

"These promotions reflect one of our philosophies that if organizations are not constantly evolving and consistently looking at ways to improve, they can stagnate and not develop. 


"We are very passionate about looking inward when openings and new positions are created, and we recognize that maximizing the top- and bottom-line performance of our existing portfolio is our top priority and most important pathway to achieving our growth objectives."


From January to June 2023, HVMG's key performance metrics soared compared to most of its competitors and the rest of the industry, evidenced by a same-store RevPAR growth of 13% and an impressive 6% in consolidated market share/RevPAR index growth.

 

The company has grown consolidated market share in seven of the past eight years.

 

"In the first half of 2023, HVMG again set an industry benchmark, demonstrating robust same-store and portfolio-wide performance across financial, market share and guest satisfaction measures.

 

 "Our consistent upward trajectory is a testament to our unwavering commitment to our purpose …To be excellent in all that we do so our associates, guests and partners LOVE us!” Cole stated.


Sue Sanders, Executive Vice President and Chief Strategy and Administrative Officer    

     

            In her new role, Sanders works with company leaders to define strategies to extend and defend the company in the short-term, build emerging capabilities in the medium-term and create viable options for the long-term. 

 

She provides oversight for accounting & finance, human resources & talent and corporate public relations & marketing communications.

 

Sanders joined HVMG in 2010 as vice president of strategic planning and human resources.

 

 During her tenure with the company, she has been responsible for many strategic initiatives and teams, including the design and build of HVMG’s company brand, strategic plan and management routines; design and oversight of the property transition process and playbook; leader of the development of all core human resources and talent programs; and leader of the investor, brand partner and General Manager annual satisfaction assessment process. 


More recently, she led the design and build of HVMG’s Talent Acquisition Center of Excellence (TACOE), the company’s centralized talent recruiting team, and XLR8, a fast-track program to develop new select-service general managers.

 

 

 Also under her direction, HVMG has received the Atlanta Journal and Constitution’s “Top Workplaces” award five times in a row. 


Prior to joining HVMG, Sanders worked as a management consultant for eight years supporting leading organizations to improve their enterprise performance management processes through strategic planning and related methods for clients including The Coca-Cola Company, Marriott International and the American Red Cross.

 

Before then, she worked in the hotel industry in positions across organizational development, training, quality management and hotel operations for The Ritz-Carlton Hotel Company, Lodgian, Inc., and Starwood Hotels and Resorts.

 

Her hospitality industry experience also includes a five-year adjunct faculty appointment at New York University's Robert Preston Tisch Center for Hospitality Travel and Tourism.

 

            Sanders serves on the Hospitality Board of Directors for Georgia State University and the Georgia Women in Lodging Steering Committee. She holds MBAs from Columbia Business School and London Business School and a BS in Marketing from The Florida State University.


Angie Cook

Angie Cook, Senior Vice President of Accounting and Finance

 

            In her new position, Cook will oversee the total accounting function for the organization, expanding her role to oversee the management company financials, risk management and information systems. 

 

 She joined HVMG in October of 2015 as the vice president of accounting and finance. 

           

Cook is a certified public accountant with more than two decades of hospitality experience, working with REITs and start-ups on such topics as organization re-structuring and SEC reporting.

 

 Prior to joining HVMG, Cook was the controller of Intown Suites Extended Stay Living, vice president at Cratos Capital and manager of accounting and general manager at Lodgian. 

 Cook has a BS in Business Administration and Accounting from Troy State University.


Suzanne Saunders

 Suzanne Saunders, Senior Vice President of Design and Construction

 

As senior vice president of design & construction, Saunders is responsible for the team leading the execution of HVMG's many renovations and development projects, as well as project management and CapEx processes, working closely with owners, the HVMG business Development team, external consultants and the company's investor and brand partners.

           

Most recently, Saunders served as senior vice president of construction for First Hospitality where she oversaw over $90mm in new construction and renovations. 

 

Prior to that, she was vice president of design and construction for HVMG and vice president of design services for Hyatt Hotels for the Americas with a focus on launching the Hyatt Place and Hyatt House brands. 

 

Saunders previously worked in a variety of corporate real estate and development management roles for companies like Panera Bread, Jack-in-the-Box, American Airlines and Taco Bell. 

 

She was an industrial engineer with LTV Aerospace/Northrup Grumman, where she held a secret military clearance supporting the design and manufacturing of the B-2 Stealth Bomber Program. 

 

Saunders holds a BS in Industrial Technology and an AAS in Drafting Technology from Lamar University.


Wilson Turner

 

Wilson Turner, Senior Vice President of Human Resources

 

As senior vice president of human resources, Turner is responsible for sourcing and developing talent, executing the TACOE and XLR8 programs and supporting core human resources programs and services.

 

Among other things, Turner oversees associate relations, HR compliance, human resources leader development, benefits programs and associate engagement. 

 

With three decades of leadership experience, Turner began his human resources career in manufacturing and subsequently spent a large portion of his career in the media and entertainment industry where he served in various senior leadership roles.

 

Turner began working with HVMG through a professional employer organization (PEO) partnership in 2017 and officially joined the HVMG team in 2020.

 

He has significant experience in acquisitions, growth-oriented companies, compliance, organizational and leadership development and employee relations. 

 

Turner holds an MBA from Saint Leo University and a BA in Business from North Carolina State University.


Bob Kisker

 

Bob Kisker, Vice President of Operations

 

As vice president of operations, Kisker supports HVMG's hotels in delivering premium performance that creates value for owners.

 

He joined HVMG in 2018 as general manager and was quickly promoted to area general manager in 2019 and regional director of operations in 2022, successfully working to increase profitability, guest service and RevPar index in the hotels he oversaw.  He is a member of the Circle of Excellence, HVMG's highest honor. 

 

Before his time at HVMG, Kisker worked for 16 years for the Dow Hotel Company as a general manager and then regional director of operations over the company's hotels in Texas and Pa., as a general manager at Starwood Hotels and Resorts and a general manager for Boykin Management Company. 

 

Kisker has a degree in Hotel Administration from the University of Tennessee.


About Hospitality Ventures Management Group


Robert S. Cole

Hospitality Ventures Management Group is a privately owned, fully integrated hotel investment and management group that specializes in turning around and repositioning underperforming hotels, as well as maximizing the performance of stabilized hotels.

 

HVMG currently operates 54 hotels and one convention center in 18 states totaling 8,800 guest rooms.

 

 HVMG operates independent and boutique hotels and resorts, as well as full-service, select-service and extended-stay hotels under the Marriott, Hilton, Hard Rock, Sonesta and IHG brands.

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 Contact:

 

 Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

 

www.hvmg.com