Latino Hotel Association to Host 2011 International Conference & Expo Nov. 16-18 at Tropicana Las Vegas in Nevada

 HOUSTON, TX—Officials of the Latino Hotel Association (LHA), the global organization dedicated to expanding Latino ownership, leadership, and commerce in the hotel industry, announced that the organization’s Inaugural  International Conference & Expo will take place November 16-18 at the Tropicana Las Vegas in Nevada. 

The three-day conference of informational sessions and workshops will feature a speaker roster of top national and international executives in the hotel and property management industries.  Participants also will attend LHA’s signature fundraising event during the conference, the much anticipated Battle of the Brands, featuring industry leaders facing off in a boxing ring. 

Eighteen featured speakers will address a wide range of issues related to development, financing, operational management, marketing and sales.  They include:

Patrick J. Feltes (top right photo), senior vice president, GE Capital Franchise Finance

• Ed Hoganson, executive vice president of finance and business development, Crestline Hotels & Resorts
• Carlos Rodriguez (middle left photo) president and managing partner, DVI Cardel & Rodblu Investment Funds, executive vice president, Driftwood Hospitality Management, LLC
• Alex Yemenidijan (lower right photo) chairman of the board and CEO, Tropican Las Vegas Hotel & Casino, Inc.
• Jesse Luis, vice president of real estate and land acquistions, Choice Hotels International

 For more information on the conference and to register, please visit the LHA’s website at www.latinohotelassociation.com, or contact Angela Gonzalez-Rowe at (281) 668-9165 or by email at angela@latinohotelassociation.com.

Hotel registration fees are $85 per night from November 15 to 17, and $125 per night from November 18 to 19.  Hotel registration ends Saturday, November 12, 2011.

 Additional information is available at the association’s website, http://www.latinohotelassociation.com/.

Contact:      

Jerry Daly, Chris Daly

Daly Gray Public Relations

(703) 435-6293

jerry@dalygray.com                        

Patrick Daly

Account Supervisor

Daly Gray, Inc.

patrick@dalygray.com

Office:  (703) 435-6293

Cell:  (703) 300-8289

Rochester Marriott Mayo Clinic Area Hotel Unveils New Look After Completing Multi-Million0-Dollar Comprehensive Renovation

ROCHESTER, MN, Nov. 10, 2011 - The Rochester Marriott Mayo Clinic Area has recently completed a comprehensive hotel renovation and redesign that adds casual comfort and modern updates to its lobby, reception desk, lounge, restaurant and guest rooms.

A hallmark of the extensive renovation is Marriott’s Great Room lobby concept (top left photo), which incorporates adaptable working and socializing spaces. The new design modernizes the hotel’s public spaces, blending natural elements with accents of visually stimulating colors, textures and warm tones to create a sophisticated yet relaxing atmosphere.

“We are delighted to introduce the revitalized Marriott hotel to our guests, clients and the community at large,” said General Manager John Peart. “The transformed spaces and upscale design will enhance our guests’ stay experience, in addition to increasing the comfort level of Mayo Clinic patients and their families who stay with us.”

 For further information or reservations call the Rochester Marriott Mayo Clinic hotel directly at (507) 280-6000, or visit http://www.rochestermarriott.com/.

Contact:

John Peart

General Manager

Rochester Marriott Mayo Clinic Area

(507) 280-6000 / john.peart@ihrco.com

Patrick Daly

Account Supervisor

Daly Gray, Inc.

patrick@dalygray.com

Office:  (703) 435-6293

Cell:  (703) 300-8289

Colliers International Sells 159,425-SF Medical Office Building in San Diego, CA

 SAN DIEGO, CA, Nov. 9, 2011– Colliers International, the second largest global real estate services organization, has completed the sale of a 159,425-square-feet medical office building, Genesee Executive Plaza (top left photo), located at 9333 and 9339 Genesee Ave., San Diego, Calif. The transaction value remains confidential.

 Fred Córdova, Senior Vice President/CART Western Regional Director, based in Colliers Downtown Los Angeles office, Mark McEwen, Senior Vice President, Tom Mercer, Senior Vice President, Paul Braun, Senior Vice President, and Chris Ross, Medical Office Specialist all based in Colliers’ San Diego office, and Ryan Eddy, Associate, in Colliers’ Downtown Los Angeles office represented the Seller.

 The Buyer is a joint venture between DivcoWest and Stockbridge Capital Group, both real estate investment management firms, based in San Francisco, Calif.

 Built in 1984, Genesee Executive Plaza’s twin three-story buildings sit on a below grade central courtyard and are situated on 3.63 acres at the epicenter of San Diego’s most prestigious submarket, University Town Center (“UTC”). (middle right photo)

 The campus, just blocks away from Scripps Memorial Hospital La Jolla (middle left photo) and UCSD Thornton Hospital, has recently been approved for an additional 22,500 square feet of medical office space, for a total of ±72,500 square feet of medical office.

With occupancy at 58% and high barriers to entry in the submarket, Genesee Executive Plaza presents a truly unique opportunity for Divco and Stockbridge to reposition the asset as the UTC’s premier health and professional services center.

 “Genesee Executive Plaza presents a unique value-add opportunity to create the preeminent medical office and health services campus in the dynamic UTC submarket of San Diego,” said Córdova.

 “Colliers put together an experienced team of financial, project management, office and medical office leasing specialists, and enlisted the expertise of global architecture and design firm Gensler to assist with this challenging assignment.”

 “The UTC submarket is well-situated for a repositioning program from pure office to medical office due to its proximity to Scripps and UCSD Medical Centers,” added Mercer, who signed the first lease in the building when it was built as a Senior Leasing Specialist.

 Contact:

Angela S. Hwang

Regional Marketing Coordinator | Greater Los Angeles

Dir +1 213 532 3258 | Mob +1 310 867 4105

Main +1 213 627 1214 | Fax +1 213 327 3258

angela.hwang@colliers.com

Colliers International

865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA

www.colliers.com

Follow us at www.twitter.com/colliersgla.

Faris Lee Investments Completes $15.43 Million Sale of Property Occupied by Kohl’s in Upland, CA

                          

Irvine, CA,Nov.9, 2011 – Faris Lee Investments, the nation’s largest retail-specialized investment sales and advisory firm, has completed the $15.43 million sale of a 76,712-square-foot single-tenant retail property occupied by Kohl’s  (top left photo) in Upland, Calif.

Built in 1978 and renovated in 2009, the property is situated on just under seven acres at 233 S. Mountain Ave. The property is located within Mountain Green center that includes other retailers such as Trader Joes and CVS.

Rich Walter (middle right photo), president, and Donald MacLellan (middle left photo), senior managing director, of Faris Lee Investments represented the seller, a Lubert –Adler Management West partnership based out of Los Angeles, as well as the buyer, YFP Kohls Upland LLC, also from Los Angeles.  

“Faris Lee obtained multiple offers on this property as it offered the stability of a long-term lease with Kohl’s which has approximately 17 years remaining,” said MacLellan. “We focused on the credit and strength of Kohl’s and the strong rental growth based on a near-term rental increase.”

“Faris Lee has extensive experience in successfully marketing credit net leased investments including portfolios that have included Kohl’s, Best Buy and Burlington Coat Factory. We are uniquely qualified to strategically market and brand the strength of the tenant as a highly successful retailer,” said Walter.

The Kohl’s property enjoys excellent visibility along Mountain Avenue with 44,000 cars per day that pass by, and is easily accessed by the adjacent I-10 Freeway that is driven by 248,000 cars per day. Additionally, there are approximately 450,000 consumers in the greater trade area.

The City of Upland has a population of 75,000 and is nestled at the base of the San Gabriel

Mountains just east of the densely populated San Gabriel Valley of Los Angeles County.  Upland measures 15.84 square miles, and has a public library, an 18-hole golf course, and 13 community parks with year round activities. There are 11 colleges within a 15-mile radius of the City.

  For more information, please visit http://www.farislee.com/.

Contact:  Darcie Giacchetto, Spaulding Thompson & Associates, 949.278.6224,  For Faris Lee Investments

                               

Pollack Shores Acquires Atlanta Apartment Communities; Multifamily Firm Closes on $128 Million In Southeast Properties This Year

Atlanta, GA – Pollack Shores Real Estate Group has acquired two Metro Atlanta apartment communities for a total of $49.1 million.

They are:

• Oxford Springs (middle right photo), a 268-unit community in DeKalb County, just south of the Shallowford Road exit off I-85, inside the Perimeter
• Oxford Oak (top left photo), a 288-unit property in the City of Lawrenceville, near Highway 316 and Gwinnett Medical Center

 Both “Class A” luxury communities were built in 2008. They were previously owned by Oxford Properties. The deals closed on November 1.

“This was a great opportunity to acquire newly-constructed assets at a significant discount to replacement costs,” said Steven Shores (lower left photo), the firm’s President.  “The communities are a perfect fit for our current investment strategy,” he added.

These are just the two most recent acquisitions the firm has made. Pollack Shores has acquired more than 1,500 units for a total of $128 million so far in 2011.

• It acquired the 447-unit Audubon Village apartments in Tampa on September 14 for $32.5 million.
• The Preserve at Econ River, a 356-unit Orlando apartment community joined the firm’s portfolio in a $20.8 million deal in August.
• It acquired Velocity – a 220-unit “fractured” condo in Nashville’s thriving Gulch submarket in March for $25.3 million.

 Pollack Shores manages its own assets, and those of its investment partners, through its wholly-owned management company.

“We’re continuing to look for multifamily investment opportunities throughout the Southeast,” added Graham Carpenter (lower right photo) Vice President of Acquisitions. “Our current focus is Class A and B value-add properties, financially or operationally distressed assets, and fractured condominiums.”

Apartment Realty Advisors brokered the sale Oxford Springs, Oxford Oak and The Preserve at Econ River. Jones Lang LaSalle served as the broker on Audubon Village. Holiday, Fenoglio, Fowler brokered the Velocity transaction.

 Pollack Shores Real Estate Group focuses on the development, acquisition, management, finance and investment of high quality, community-enhancing multifamily, residential and mixed-use real estate projects. It is committed to the highest standards in all facets of its business.

 Founded in 2006 as Pollack Partners, the name became Pollack Shores earlier this year to better reflect the structure of the firm’s senior partnership.

Media contact: Terri Thornton 404-932-4347 Terri@TerriThornton.com

New Courtyard by Marriott Hotel to Occupy Property in New York's Herald Square; 17-story former Atlantic Bank of New York to open in 2012

BETHESDA, Md., Nov. 3, 2011 /PRNewswire/ -- Marriott International, Inc. (NYSE: MAR) announced today the development of the 168-room Courtyard by Marriott New York Manhattan/Herald Square (middle left photo), under management agreement with owner 960 Associates, an affiliate of Hidrock Realty Inc., a New York City-based real estate company.

 The hotel, on the northeast corner of 6th Avenue and 35th Street, will occupy the former Atlantic Bank of New York building, constructed in 1928.  Construction will begin this fall, with a completion date in early 2012.

The 17-story building will maintain its facade, with 5,000 square feet of leased retail space on the ground floor.  The Courtyard signature lobby will be on the 3rd floor, complete with a "Table Concept" F&B.  Guest rooms will occupy floors 4 to 17, with the Courtyard signature room.

"This will be our seventh Courtyard by Marriott hotel in New York City when it opens in 2012, and we are excited to be in this fabulous location, near Macy's and New York's Penn Station," said David Marriott (lower right photo) chief operations officer - Eastern Region, The Americas. "We look forward to managing this hotel and incorporating all the hugely successful elements of the Courtyard brand."

"We chose the Courtyard brand based on its modern look and feel and on the basis of its performance in this market," said Abraham Hidary, president of Hidrock Realty Inc.  "We think that it will be ideal for business and leisure travelers to New York, and the location is great."

Marriott International currently has 33 open properties in three boroughs of New York City (Manhattan, Brooklyn and Queens), across nine brands, including Autograph Collection, Courtyard by Marriott, Fairfield Inn & Suites, Marriott ExecuStay, Marriott Hotels & Resorts, Renaissance Hotels, Residence Inn by Marriott, Ritz-Carlton, and Ritz-Carlton Residences.

For more information go to http://www.courtyard.com/.

Visit Marriott International, Inc. (NYSE: MAR) for company information. For more information or reservations, please visit our website at http://www.marriott.com/, and for the latest company news, visit http://www.marriottnewscenter.com/.

 For more information on Hidrock Realty, please visit http://www.hidrock.com/.

Contact: Paula Butler, +1-240-328-7207, paula.butler@marriott.com, or Nina Herrera-Davila, +1-240-328-2691, nina.herrera-davila@marriott.com, both of Marriott International

Web Site: http://www.marriott.com

Colliers International Completes 86,000-SF Industrial Property Sale for $7.74 Million in Vernon, CA and $2.2 Million Deal in La Mirada, CA

VERNON, CA, Nov. 8, 2011. – Colliers International, the third largest global real estate services organization, has completed a 86,000-square-feet industrial property sale located at 2301-2303 E. 55th St., Vernon, Calif. (top left photo) The transaction is valued at $7.74 million.

 Thomas A. Condon, Senior Vice President, based in Colliers International’s Commerce office represented the Seller, 55th Street Property LLC. The Buyer, J&H Textile Inc., was represented by Steve Kim of Magic Properties.

  Built in 1972, the property is well-located on the Westside of Vernon with easy access to Downtown Los Angeles.

 “Speculative development of larger buildings has been limited in Vernon over the past decade due to legislation along with the City purchasing shuttered manufacturing sites in an effort to lure heavy power/manufacturing users to the City,” said Condon.

 “The sale price of $90.00/SF is a testament to the value users place on being located in the business friendly City of Vernon which also offers lower utility rates and no gross receipts tax.”

  

Colliers International Negotiates 119,336-Square-Feet Industrial Property Lease in La Mirada, CA

LA MIRADA, CA, Nov. 8, 2011. – Colliers International, the third largest global real estate services organization, has negotiated a 61-month lease for an industrial property located at 16000 Heron Ave., La Mirada, Calif. (lower left photo) The transaction is valued at $2,227,400.

 Stephen C. Calhoun, SIOR, Senior Executive Vice President, and Matthew M. Erickson, Associate, based in Colliers International’s Commerce office represented the Tenant, Dzinesquare, Inc., a La Mirada, Calif.-based company that designs and distributes auto wheels and accessories.

The Landlord, Oro May Broward Investment Co., a real estate investment company, was represented by Mike Tsaparian and Peter Bacci of Lee & Associates.

 “Dzinesquare, Inc. has seen significant growth and expansion in the last few years, and this new location is ideal for their continued growth,” said Calhoun.

 Built in 1968, this industrial building is set up for warehousing and distribution.

 Contact:

Angela S. Hwang

Regional Marketing Coordinator | Greater Los Angeles

Dir +1 213 532 3258 | Mob +1 310 867 4105

Main +1 213 627 1214 | Fax +1 213 327 3258

angela.hwang@colliers.com

Colliers International

865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA

http://www.colliers.com/

  Follow us at www.twitter.com/colliersgla.

Cassidy Turley Forms Full-Service Southeast Retail Group

  

ATLANTA, GA – [Nov. 8, 2011] Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today it recently formed a full-service retail group in Atlanta to better serve its clients.

 The group is based in Cassidy Turley’s new Atlanta office and comprised of Cassidy Turley Vice Presidents and Principals Drew Fleming (top right photo) and Mark Joines (middle left photo), and Associate Vice President Jack Arnold (lower right photo).

Fleming and Joines represent sellers in shopping center dispositions and net-lease transactions across the Southeast and have been involved in real estate asset sales for institutional and entrepreneurial owners totaling nearly $500 million. Arnold’s primary focus will be on retail leasing and smaller unanchored strip center dispositions.

The team recently completed several large deals in the past few months including the disposition of three separate Publix-anchored centers as well as a Kohl’s-anchored shopping center. JDH Capital hired Arnold to exclusively handle the leasing of its seven-center, 300,000-square-foot greater Atlanta shopping center portfolio.

 “Our team will now be able to offer clients everything they need in one place,” Fleming said. “In addition to our full-serve retail platform, Cassidy Turley is also now uniquely positioned to provide clients with retail property management services.”

On Sept. 1, Cassidy Turley completed its acquisition of the brokerage and property management businesses of Carter, a national leader in project development, commercial real estate services and investments.

 Please visit http://www.cassidyturley.com/ for more information about Cassidy Turley.

Contact:

Laura Dudebout

O: 404.965.5023

C: 678.642.4301

ldudebout@wnspr.com

EagleBridge Capital Arranges $20.6 Million in Solar Energy Financing for 14 Buildings in Massachusetts

Boston, MA --  EagleBridge Capital has arranged a total of $20,600,000 million in solar energy project financing relating to the installation of rooftop and ground mounted solar systems on 14 properties located in Massachusetts providing a total of 4.4 Megawatts (MW) of electricity.

The solar energy financing was arranged by EagleBridge principals Brian D. Sheehan (middle right photo) and Ted M. Sidel (lower left photo) who stated that the lenders included several financial institutions.

The properties are located in Boston and Greater Boston as well as Central and Southeastern Massachusetts, and the solar panels were installed on a diverse range of properties including office and industrial buildings, schools, and municipal buildings.  Installations ranged from 100 KW to 800 KW.   

 Mr. Sheehan and Mr. Sidel stated, “We have developed an expertise in the financing of solar energy projects. Few, if any, other financial professionals have arranged financing for as many projects as we now have. 

“The Massachusetts program for Solar Renewable Energy Certificates (SRECs) is, we believe, one of the best in the country and combined with the green energy incentives from the federal government, these projects make tremendous economic sense for a wide range of buildings.”

EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for industrial, office, and r & d buildings,  shopping centers, apartments, hotels, condominiums and mixed use properties as well as special purpose buildings.

For further information, contact Ted Sidel, (617) 292-7177, Ext. 10

Marcus & Millichap Promotes Two Professionals

  

 Christian Child Moves Up to Associate Vice President Investments in Salt Lake City, UT

SALT LAKE CITY, UT – The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Christian V. Child (top right photo) to associate vice president investments.

This achievement is one of the highest levels of recognition the firm awards to its investment specialists. It represents excellence in the development and servicing of long-term client relationships, according to Richard A. Bird, regional manager of the firm’s Salt Lake City office.

Child began his career with Marcus & Millichap as a senior associate in December 1998. 

Matthew G. Fotis Climbs Ladder in Manhattan Office

NEW YORK, Nov. 4, 2011 – The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Matthew G. Fotis (middle left photo) to associate vice president investments.

This achievement is one of the highest levels of recognition the firm awards to its investment specialists. It represents excellence in the development and servicing of long-term client relationships, according to J.D. Parker (lower right photo), vice president and regional manager of the firm’s Manhattan office.

Most recently, Fotis held the title of senior associate in the Manhattan and Brooklyn offices.

After being named an associate of the firm in December 2006, Fotis was promoted to senior associate in December 2007. He has received two sales recognition awards from Marcus & Millichap and was the No.1 agent in the Brooklyn office in 2007, 2009 and 2010.

Fotis is a director of the firm’s National Multi Housing Group and Special Assets Services.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

New Affordable Housing Becomes a Reality on the Atlanta Beltline with Lofts at Reynoldstown Crossing

  

  

ATLANTA -- As part of its mission to create affordable workforce housing, Atlanta BeltLine, Inc. (ABI) purchased the former “Triumph Lofts” development from a receivership to provide critically-needed affordable for-sale housing in an increasingly desirable part of the city.

The development, now named “Lofts at Reynoldstown Crossing (top left photo),” is located at the intersection of Chester Avenue, Memorial Drive and the Atlanta BeltLine corridor, just north of I-20 and Glenwood Park.

The new highly-appointed, spacious two-bedroom, two-bath lofts will be sold in a one-day sale event featuring a drawing of qualified buyers making under $68,000 - the Atlanta area median income - on Saturday, December 10.

 The one-day drawing will provide an equitable way to give access to this incredible homeownership opportunity for people who might otherwise be unable to purchase intown property.  Applicants must register by Wednesday, December 7, and early registrants will increase their chances of being chosen during the drawing.

“This is an unmatched opportunity for us to be able to provide new affordable homes right on the Atlanta BeltLine, in the historic Reynoldstown neighborhood,” said Brian Leary (middle right photo), president and CEO of Atlanta BeltLine, Inc. “For the homeowners at the Lofts at Reynoldstown Crossing, the Atlanta BeltLine is their backyard - one more demonstration of moving the vision to reality.”

*Please see agent for details. Down payment assistance programs are subject to availability and qualification guidelines.  Monthly payment includes HOA &Taxes and is based on purchase price of $131,900; loan amount of $71,900.  $60,000 in down payment assistance with interest rate of 4.25% APR on 30 year fixed loan.

 For more information on Lofts at Reynoldstown Crossing or to register for the sale event, please visit http://www.loftsatreynoldstowncrossing.com/, call (404) 521-7787 or visit the sales center beginning Thursday, November 10. 

 For more information on the Atlanta BeltLine, please visit http://www.beltline.org/.

 Media Contacts:

Ethan Davidson, Atlanta BeltLine, Inc., (404) 614-8325, edavidson@atlbeltline.org

Liz Lapidus / Kate Thacker, 404.688.1466, kate@lizlapiduspr.com

ARA Announces Sale of The Pines Apartments in the Coastal Melbourne Suburb of Palm Bay, FL

 Palm Bay, FL — Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, recently brokered the sale of The Pines Apartments (top left photo), a 216-unit garden style apartment community located in the coastal town of Palm Bay, Florida.š Palm Bay is next to Melbourne and due east of Orlando.

 The Orlando, FL-based sales team, led by Principal, Kevin Judd and Vice Presidents Patrick Dufour and Matt Wilcox, represented the seller in the sale of the $3.175 million community.š Cincinatti, OH-based Green Realty Corporation purchased the property with all cash.ššš

 “The Pines offered the buyer an excellent opportunity to acquire a well located garden apartment community with significant upside potential,” noted Judd.š “And this sale is a testament to ARA’s shared buyer platform and broker cooperation across the system because Green Realty had also purchased properties through ARA Chicago-based Principal, Debbie Corson.”š

 Constructed in 1986, The Pines Apartments are located at 3016 Pinewood Drive NE in Palm Bay, FL and include a unit mix of one and two-bedroom units.š The property was 92% occupied at the time of the sale.

 To schedule an interview with an ARA executive regarding this transaction or for more information about ARA, nationally please contact Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360 or Amy Morris at amorris@ARAusa.com, 678.553.9366; locally, Marti Zenor at mzenor@ARAusa.com or 561.988.8800.šš

Jones Lang LaSalle Completes Office Lease with Pabst Brewing Company for New Headquarters in Los Angeles

LOS ANGELES, CA., Nov. 7, 2011 — Jones Lang LaSalle represented Pabst Brewing Company in a new lease for 8,101 square feet of office space at Atria West (top left photo), a two building, 192,000-square-foot office complex located at 10635 Santa Monica Blvd., in Los Angeles.

 Pabst Brewing Company is relocating its corporate headquarters from Chicago to Los Angeles.

Jones Lang LaSalle’s Los Angeles team of Managing Director John Ghiselli and Associate Jen Frisk represented Pabst Brewing Company in the transaction.  The property owner, LaSalle Investment Management, was represented by Lisa St. John and Owen Fileti of L.A. Realty Partners.

For further information, please visit our website, http://www.joneslanglasalle.com/.

Contact: David Ebeling, Ebeling Communications, (p) 949.861.8351

(c) 949.278.7851, david@ebelingcomm.com

Withee Malcolm Architects Takes Top Honors at the National Association of Home Builders Multifamily Pillars of the Industry and SAGE Awards

Los Angeles, CA — The National Association of Home Builders (NAHB) has once again recognized Withee Malcolm Architects for its work in multifamily housing, with the 2011 Multifamily Pillars of the Industry Award for Ascent at Warner Center (top left photo) in Woodland Hills, CA, for Best Mid-Rise Condominium Community.

 The SAGE Award was given to Mirandela Senior Apartments (middle right photo) in Rancho Palos Verdes, CA, as Project of the Year. Having received the Multifamily Pillars Award five times and the Sage Award three, Withee Malcolm continues to demonstrate its talent for creating innovative homes for younger first time buyers and affordable homes for retiring seniors. 

The Multifamily Pillars of the Industry Awards program highlights creative development concepts, innovative financing strategies, great design, and superior management and marketing in the apartment and condo marketplace.

The well-respected awards program is juried by a group of knowledgeable peers with proven track records of success in the industry. At this year's Virtual Awards program held on October 6, 2011, the judges praised Ascent as a new multihousing model — the apartment style condo — citing its competitive appeal with contemporary architecture and strong residential sensibility.

The SAGE Award for Project of the Year recognizes innovative residential developments targeted to the 55+ market, which can serve as models for other housing developments.

Nominees were reviewed and scored by a panel of judges comprised of past SAGE winners, past presidents of the 55+ Housing Council of the Building Industry of Southern California, and others selected for their expertise in the field. 

  

In recognizing Mirandela, the jury noted that the community had overcome numerous obstacles to opening its doors, including major site challenges and satisfying neighborhood concerns. The awards ceremony was held on November 6, 2011 in Costa Mesa, CA.

 "It is most encouraging for us to be recognized by the leading professional associations for our work in these markets," said Dan Withee (lower left photo) founding partner of the architecture firm. "Working with top developers like KB Home and AMCAL, we have had the opportunity to evolve the multifamily model to meet the demands of new generations of residents.

“Whether it's GenXer's looking for their first home or Boomers becoming seniors, we know that individual needs and wants are changing and to be successful, housing options must keep pace."

 Withee Malcolm Architects serves clients in the residential and commercial industrial markets throughout the West from their offices in Torrance, California.

For more information on the firm, visit www.witheemalcolm.com

 Contact: Nancy Egan, New Voodou, egan@newvoodou.com, 310.943.7194