Thursday, August 22, 2013

PM Hospitality Strategies Takes on Management of Four Hotels

  
180-Room Westin Wilmington, Wilmington, DE

  
            WASHINGTON, DC, Aug. 22, 2013—PM Hospitality Strategies (PMHS), a hotel management company, today announced that it has signed management contracts to provide technical and pre-opening services for two hotels in Manhattan and two hotels in Delaware.  The company will operate the hotels upon their opening in 2014.

Chase Convention Center, Wilmington, DE
“We are seeing increased interest in development in the current phase of the hotel economic cycle which matches up well with one of our areas of management strength—new hotels.”  said Joseph Bojanowski, PMHS president.

“PHMS has been involved in the development of more than 20 successful hotels over the past decade, all of which have produced excellent returns. We have a full range of development expertise, including assisting with site and brand selection, financing, construction oversight and pre-opening.”

Details about the New York properties, which will be upscale, have yet to be announced. 

The Delaware properties include the 180-room, four-star Westin Wilmington, which will be connected to the Chase Convention Center on the Riverfront, with a planned opening in the first quarter of 2014.

Hampton Inn & Suites Christiana, Newark, DE
“The Riverfront District is undertaking one of the nation’s most dynamic make-overs to create an entirely new urban environment.  The Westin will play a key role in further enhancing this resurging area,” he said. 

In nearby Newark, Del., PMHS is providing pre-opening services for the 136-room Hampton Inn & Suites Christiana, which is under construction, and will operate the hotel following its expected opening in the second quarter of 2014.   

“Our long-standing and strong relationship with Hilton Worldwide helped secure the Hampton Inn brand,” Bojanowski noted. “We have developed proprietary systems that help us accelerate the ramp-up period and move properties into the black quickly.  We know the East Coast markets well and believe both of these properties will be well received.” 

Joseph Bojanowski
            Founded in 1995, PMHS is a third-party hotel management company.  It offers a full range of hotel operating services ranging from accounting to human resources, sales and marketing to information technology. 

PMHS also has expertise in development, construction and pre-opening services.  The award-winning company currently operates or is in the pre-opening stage of 26 hotels, comprising approximately 4,100 rooms under the Hilton, Marriott, Starwood and Choice Hotels brands.

PMHS is headquartered in Washington, D.C. 

 For a complete copy of the company’s news release, please contact:

Chris Daly, Jerry Daly media
(703) 435-6293


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W Guangzhou teams up with Private Flight to provide gourmet, five-star meals for guests arriving and departing on private jets



W Guangzhou hotel, Guangzhou, China


Guangzhou, CHINA (Aug. 22, 2013) – Mainland China’s first W Hotel, W Guangzhou, is pleased to announce a partnership with Private Flight to provide the hotel’s five-star cuisine for guests flying in and out of Guangzhou.

Garth Welsh
Already a favorite destination in Guangzhou since opening this past Spring, with exclusive in-flight cuisine for its jet-setting guests, W Guangzhou is literally elevating the guest experience to new heights. 

 “I am delighted to offer a little bit of W up in the air to our guests traveling by private jet,” said Garth Welsh, W’s Director of Kitchens.

 “Our partnership with Private Flight offers our well-heeled and jet-setting guests a fantastic opportunity to enrich their experience with the creative five-star cuisine we offer at W Guangzhou.  This special in-flight service will enhance their flight and make each trip even more enjoyable and memorable.”

Guangzhou, China skyline
 Following its spectacular grand opening in June, W Guangzhou has quickly established itself as a dynamic hub redefining the scene for this rapidly evolving city. 

With destination venues and restaurants and signature Happenings that fuse together innovations in fashion, design and cuisine, W Guangzhou is Guangzhou’s new hotspot for style connoisseurs and hipsters.


 For a complete copy of the company’s news release, please contact:

Hwee Peng Yeo
Director of Asian Markets
Glodow Nead Communications
Level 21, Centennial Tower
3 Temasek Avenue
Singapore 039190


Marcus & Millichap Sells State-of-the-Art Refrigerated Food Distribution Building in Logan Township, NJ


Albert's Organics/United Natural Food Inc. leases this 70,000-SF refrigerated food storage and distribution building in Logan Township, NJ

LOGAN TOWNSHIP, NJ– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of a brand new 70,000-square-foot refrigerated food storage and distribution building.

John Glass
The facility is triple-net leased to Albert’s Organics/United Natural Food Inc. (UNFI), the largest wholesale distributor of natural, organic and specialty foods in the United States and Canada.

The property is situated in a 1,100-acre master-planned business park in Logan Township, N.J., which is part of the Philadelphia MSA. The terms of the sale were not released.

            John Glass, a senior vice president investments, and Scott Pertel, an associate, both in Marcus & Millichap’s San Francisco office, represented the seller. The buyer is a publically traded REIT out of New York. Marcus & Millichap vice president Michael Fasano also provided representation.

Scott Pertel
            “The buyer pool we sourced for this asset produced 12 offers,” says Glass, “The building’s quality location in a top-rated industrial market and the competitive bidding environment we created drove the selling price well above the initial asking price.”

“The lease, guaranteed by UNFI, has an initial 15-year term, with two five-year renewal options,” adds Pertel. “The tenant can expand up to an additional 25,000 square feet, adding potential upside for the new owner.”

Michael Fasano
            Completed in 2013, the build-to-suit facility is located within the LogistiCenter business park at 1155 Commence Blvd. in Logan Township, N.J., 12 miles south of Philadelphia. The location offers direct access to Interstate 295, the New Jersey Turnpike, Route 120, Interstate 95 and rail service, making it an ideal place from which to service markets from Washington, D.C. to New York City.

            The one-story warehouse features a mezzanine office and ample parking. The foundation is concrete, the framing is tilt up steel and the exterior is concrete and steel siding.

            United Natural Foods Inc. supplies 60,000-plus items to 23,000 customers, including independently owned retailers, supernatural chain Whole Foods, and traditional supermarkets. The company offers groceries, supplements, produce, frozen foods and ethnic and kosher food products.

            “Demand for refrigerated warehouse space, particularly freezer space, is projected to continue as the growing frozen food industry keeps refrigerated warehouse facilities at or near full capacity,” concludes Glass.

 For a complete copy of the company’s news release, 
please contact:


Gina Relva
Public Relations Manager

(925) 953-1716

RealtyTrac and Local Market Monitor Team up for Analysis that Incorporates 10 Health-Related Criteria, Job Prospects, Future Price Appreciation and Foreclosure Discount



 
IRVINE, CA, Aug. 22, 2013 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, and Local Market Monitor (www.localmarketmonitor.com), the premier real estate forecasting solution, today released a special report that shows the top housing markets for good health and building real estate wealth are in Texas, North and South Dakota, Utah, North Carolina, California, Tennessee, Montana, Wyoming, Iowa and Arkansas.  

Daren Blomquist
“While families have many good options across the country in terms of places where healthy living is evident and the prospect of appreciating home prices is solid, there are some markets that clearly stand head and shoulders above the rest,” said Daren Blomquist, vice president at RealtyTrac.

 “The markets considered for the Health and Wealth list all have strong appreciation potential. 

Some are healthier than others.  This report not only features those top markets for appreciation but also highlights important health- and wealth-related factors for families to research in any market before they make the decision to buy a home.” 

For a complete copy of the company’s news release, please contact:

Jennifer von Pohlmann
949.502.8300, ext. 139

Ginny Walker
949.502.8300, ext. 268

Data and Report Licensing:
800.462.5193

Wednesday, August 21, 2013

NAI Realvest Negotiates Office Leases totaling 3,404 SF in Maitland, FL and Altamonte Springs, FL


2200 Lucien Way office complex, Maitland, FL


Tom R. Kelley II
MAITLAND, FL--- NAI Realvest recently negotiated two lease agreements for office space in Maitland and Altamonte Springs that totals 3,404 square feet.

Tom R. Kelley II, CCIM, a principal at NAI Realvest and senior broker associate Mary Frances West, CCIM, represented landlord Alliance Lucien Way, Inc. of Warrington Pa. in an expansion lease to Maitland Financial Group LLC, a tenant in 885 square feet at 2200 Lucien Way.  Maitland Financial expanded and added an additional 875 square feet, and now occupies 1,760 square feet.  

Chris Adams
 Kelley and associate Chris Adams at NAI Realvest represented Longboat Key, Fla.-based Alleve INV, Inc., in a new lease agreement with a Dayton, Ohio-based mechanical construction firm – Adams Robinson Enterprises, Inc. – for 1,644 square feet of office space at 234 N. Westmonte Drive in Altamonte Springs,

Each tenant at these locations represented themselves in the negotiations with no additional brokers involved.

For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications, Inc. 407-644 4142;

Cuhaci & Peterson Architects Completes design of “Lime Fresh” restaurant in Lake Mary, FL; construction under way




ORLANDO, FL --- Cuhaci & Peterson Architects Engineers Planners, based in Baldwin Park, recently completed the design for a “Lime Fresh” Mexican Grill, a new concept from the Ruby Tuesday chain of restaurants.

 The new Lime Fresh will be located at Colonial Town Center on SR 46A in Lake Mary off I-4.   It will have 2,900 square feet of space and seat approximately 80 inside and 25 on the outside patio, according to Lonnie Peterson, chairman of Cuhaci & Peterson.


Cuhaci & Peterson Architects completes design on Ada’s Natural Food Store in Fort Myers, FL

ORLANDO, FL. --- Cuhaci & Peterson Architects Engineers Planners based in Orlando’s Baldwin Park, recently completed design of remodeling work on an Ada’s Natural Food store in Fort Myers.

The construction is now under way and the 16,000 square foot store will be completed before the end of the year according to Lonnie Peterson, chairman at Cuhaci & Peterson Architects.

For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications, Inc. 407-644 4142;

HFF San Francisco hires Nathan Blair to focus on multi-housing investment sales



San Francisco Bay

SAN FRANCISCO, CA – HFF announced today that Nathan Blair has joined the firm as a director in its San Francisco office to focus on multi-housing investment sale transactions in Northern California.

Michael Leggett
Blair joins HFF from Arroyo & Company where he worked since 2004, most recently as a senior vice president of the California Multi-housing Group.

 During his tenure at the firm, he closed more than $667 million in 3,899 multi-housing units throughout the San Francisco Bay area, Sacramento and the central California coast region, and has extensive experience with conventional, value-add, bond-financed, HUD-subsidized, and LIHTC affordable housing.

 Blair is a member of Urban Land Institute and graduated summa cum laude from Arizona State University with a Bachelor of Arts degree.

“HFF has made a strategic effort to grow its west coast investment sales team and in recent months have added professionals in San Diego, Portland and San Francisco,” said Michael Leggett, senior managing director and co-head of HFF’s San Francisco office.  

“Nathan brings with him extensive experience in the multi-housing sector and will be a tremendous asset to the west coast team and HFF’s national multi-housing group.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

HFF closes sale of urban retail building in Miami Beach, FL


1600 Lenox, Miami Beach, FL
 
Luis Castillo
MIAMI, FL – HFF announced today that it has closed the sale of 1600 Lenox, a 6,792-square-foot, urban retail building in Miami Beach, Florida.

               HFF marketed the property on behalf of the seller, Greenstreet Real Estate Partners LP.

               1600 Lenox is located at the intersection of 16th Street and Lenox Avenue immediately adjacent to Lincoln Road, an urban, pedestrian-friendly shopping district in Miami Beach.

 Originally built in 1937, the art-deco property was fully renovated in 2011 and is 100 percent leased to prominent restaurant and bar concepts: Yardbird Southern Table & Bar, The Abbey Brewing Company and SuViche.

Daniel Finkle
               The HFF investment sales team representing the seller was led by director Luis Castillo, senior managing director Danny Finkle and senior analyst Rob Saracco.

               “The high-profile tenancy of this particular property in addition to its location adjacent to Miami’s dominant ‘high street’ retail corridor, Lincoln Road, attracted a substantial amount of investor interest,” said Castillo.

               HFF’s investment sales team secured more than $1.0 billion in sales of retail assets nationally during the first half of 2013.  In Florida, HFF closed more than $353 million in retail transactions across all capital markets platforms over the same period.

Miami Beach skyline
                Greenstreet Real Estate Partners, L.P. is an investment and asset management company operating throughout the United States. 

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

Berger Commercial Realty Brokers Close Four Leases at Lyons Technology Park IV in Coconut Creek, FL


Lyons Technology Park IV,  4811-4911 Lyons Technology Parkway, Coconut Creek, FL 

FORT LAUDERDALE, FL (Aug.  21, 2013) - Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced brokers Judy Dolan and Greg Milopoulos closed four leases of warehouse space at Lyons Technology Park IV in Coconut Creek.

Judy Dolan
Dolan and Milopoulos represented landlord 4811 Lyons Tech Pkwy, LLC in:the new lease of 1,562 square feet in suite 27 to Alliedbean Demolition Inc.; the lease renewal of 3,124 square feet in suite 15/30 to Pool Pro's of Coconut Creek, Inc.; the lease renewal of 1,562 square feet in suite 27 to Pan Ocean Communications Inc.; and the new lease of 1,562 square feet in suite 12 to Euro Paint and Design, Inc.

Greg Milopoulos
 Lyons Technology Park IV is located at 4811-4911 Lyons Technology Parkway,  Coconut Creek, FL 33073.

For a complete copy of the company’s news release, please contact:

Marielle Sologuren
(954) 776-1999, ext. 226


Dolly Parton Announces Opening of Dollywood’s Dreamore Resorts in the Great Smoky Mountains of Tennessee


Rendering of Dollywood's DreamMore Resort, Pigeon Forge, TN


Dolly Parton relaxing
PIGEON FORGE, TN (Aug. 21, 2013)—In keeping with the Southern charm and hospitality that has welcomed millions to her award-winning Dollywood theme park since 1986, entertainment legend Dolly Parton plans to welcome guests to her new Dollywood’s DreamMore Resort scheduled to open in summer 2015 in the Great Smoky Mountains.

“This is the realization of a dream I’ve had for more than 30 years,” Parton said. “My DreamMore Resort conjures up thoughts of a simpler place and time when Mama and Daddy and all us kids spent hours on end just swapping stories and catching up.


“I want to offer families more than a place to stay; I want to invite them on the porch and in my front door where they can slow down, kick back and enjoy all that this beautiful area has to offer.”

 “Dolly’s dreams have carried her around the world,” said The Dollywood Company President Craig Ross. “Now, families from all corners of the world can come and stay at her DreamMore Resort and experience the one-of-a-kind hospitality that has brought international acclaim to her Dollywood properties.”

 Located just a stone’s throw from Dollywood, the 300-room Dollywood’s DreamMore Resort will be situated on 100 acres. Guests will enjoy views of the Great Smoky Mountains which have inspired Parton throughout her career and were immortalized in the song In My Tennessee Mountain Home which she wrote.

Dollywood Cabins, Pigeon Forge, TN
Featuring a variety of accommodations, the resort celebrates the iconic Southern gathering spot, beckoning to a time when families and friends sipped iced tea, enjoyed homemade ice cream and socialized.

Centered on the rich traditions of storytelling, family and togetherness, the resort will feature many special touches including family sanctuaries like fire pits, swings and hammocks plus story spots scattered throughout the grounds.

 Showcasing design features and décor elements that celebrate the area’s natural beauty, Dollywood’s DreamMore Resort includes an indoor and outdoor resort pool complex, a spa, and a full-service farmhouse-style restaurant.

 With an emphasis on encouraging family bonding time, the resort also features a family activities center where guests can secure reservations for a variety of adventures centered around wholesome fun, including hikes in neighboring Great Smoky Mountains National Park.

Dollywood’s DreamMore Resort is the second capital investment in a 10-year plan that includes more $300 million in future developments for Parton’s Dollywood properties, located in Pigeon Forge, Tenn.

 Scheduled to open summer of 2015, Dollywood’s DreamMore Resort is situated on 100 acres adjacent to Dollywood and just minutes from neighboring Great Smoky Mountains National Park, the most visited in the U.S.

With pristine mountain views, the 300-room resort features a variety of accommodations and a special Dolly’s Suite Dreams celebrity suite. 

Evoking the iconic Southern gathering spot, Dollywood’s DreamMore Resort joins Dollywood Cabins as the company’s second venture in the lodging industry.

Launched in 2010, Dollywood Cabins offers luxurious, amenity-rich cabins just two miles from Dollywood and Dollywood’s Splash Country.

For a complete copy of the company’s news release, please contact:

Pete Owens, Public Relations Director, (865) 428-9486 (865) 755-7972 or powens@dollywood.com

  Trish McGee, Public Relations Manager, (865) 428-9601; (865) 654-6242 or tmcgee@dollywood.com

 Wes Ramey, Publicist, (865) 428-9484, (865) 640-3805 or wramey@dollywood.com
  
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Dustin Cahill Named to TowerPoint Capital’s Senior Management Team

  
Dustin Cahill

 Atlanta, GA (Aug. 21, 2013) – TowerPoint Capital (formerly Communications Capital Group-CCG) said today that Dustin Cahill has joined the firm’s senior management team and been promoted to Executive Vice President of Acquisitions.

Cahill most previously served as senior vice president of acquisitions for the firm, which earlier this week rebranded as TowerPoint Capital.

Mr. Cahill began working with the firm in 2010 as head of an exclusive California-based originations unit of the company.  In his new role, Cahill – based in TowerPoint’s San Diego office - will be responsible for managing TowerPoint’s West Coast and Midwest business units as well as contributing to the firm’s corporate business development initiatives.

“The leadership team is very pleased to welcome Dustin to his new position at TowerPoint,” said Jesse Wellner, Principal and Managing Director. “Dustin truly exemplifies what we look for in a partner by demonstrating a consistent commitment to the firm’s core values, Integrity, Partnership, Knowledge and Professionalism.  We are all very excited about collaborating with Dustin as we continue to grow and improve our business.”

 For a complete copy of the company’s news release, please contact:

Tony Wilbert
The Wilbert Group
404-254-1487 (O)
404-405-3656 (C)

Capital Square Realty Advisors Acquires Retail Facility Occupied by 24 Hour Fitness in Fort Worth, TX Suburb

                           
24 Hour Fitness Super Sports, 5901 Golden Triangle Boulevard, Keller, TX
  
Louis Rogers
FORT WORTH, TX (Aug. 21, 2013) – Capital Square Realty Advisors LLC announced today that the company has acquired a 43,801-square-foot retail facility occupied by 24 Hour Fitness Super Sport in Keller, a suburb of Fort Worth, Texas, on behalf of an affiliated entity. 

Located at 5901 Golden Triangle Blvd., the property was constructed in 2008. The facility is 100 percent leased on a long-term basis to 24 Hour Fitness USA Inc., one of the world’s largest privately owned and operated fitness center chains. 

“This property benefits from a high traffic count, given its proximity to nearly 200,000 people living within a 5-mile radius, as well as its convenient location just off Interstate 377,” said Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors.  

“Additionally, the property has a remaining lease term of nearly 11 years, with three 5-year options.” 

The property also offers patrons 239 parking spaces, and is in close proximity to numerous national retailers, including Albertsons, Walgreens and Kohl’s.

Amenities of the fitness center include a full-sized basketball court, group exercise facilities, indoor lap pool, whirlpool, racquetball court, sauna and more.

 For a complete copy of the company’s news release, please contact:

Jill Swartz                                                                            
Spotlight Marketing Communications                    
949.427.5172, ext. 701 – office                                   
949.485.1552 – cell                                                                                          

Anantara Vacation Club Opens Preview Centre in Singapore, Continuing Momentum as Asia’s Leading Vacation Ownership Provider


Anantara Vacation Club's Preview Center, Singapore

SINGAPORE, Aug. 21, 2013:  Anantara Vacation Club, Asia’s leading Shared Ownership concept launched by Anantara Hotels, Resorts & Spas, is pleased to announce the opening of its Singapore Preview Centre.

Harold Derrah
Located on level 16 of Ngee Ann City Tower B, the new Preview Centre provides a luxurious firsthand preview into the unique offerings of Anantara Vacation Club, including the beautiful design reflective of its properties. 

 Harold Derrah, CEO of Anantara Vacation Club, commented, “We are thrilled to announce the opening of our brand new Preview Centre in Singapore.  

"This, in addition to the recent opening of the Shanghai Preview Centre, our first purpose-built Club Resort in Phuket, and the multiple awards we’ve received in just three years in business, fuels our efforts and makes us proud to serve the Asian community with exceptional quality Club Owner product.”

 For a complete copy of the company’s news release, please contact:

Hwee Peng Yeo
 Glodow Nead Communications
+65 97686087

Invest Atlanta Launches New Startup Stories Blog Site to chronicle Atlanta’s vibrant startup culture

                                       

Atlanta's night skyline

  
Dr. Eloisa Klementich
ATLANTA, GA (Aug. 21, 2013) — Invest Atlanta has launched Startup Stories, a blog highlighting local startups and celebrating the city’s entrepreneurial culture.

From stories of how successful entrepreneurs got started to local leaders’ perspectives on Atlanta as a small business hub to resources and inspiration for would-be entrepreneurs, Startup Stories will capture the energy surrounding Atlanta’s entrepreneurial ecosystem.
           
Brian P. McGowan
“Startups are a significant growth area for business development in the City of Atlanta,” said Brian P. McGowan, president and CEO of Invest Atlanta. 

“We are reaching out to our entrepreneurs and making sure they have the support they need to grow and thrive. The Startup Stories blog is part of our effort to build a sense of community among Atlanta entrepreneurs.”

Reggie Bradford
Startup Stories will highlight young and growing talent in Atlanta, as well as showcase the city’s great successes. Reggie Bradford, David Cummings and Alan Dabbiere — all successful Atlanta entrepreneurs — are profiled as part of the site’s official launch.

David Cummings
The blog’s launch event was hosted Wednesday at Atlantic Station’s 201 Building. Sig Mosley, Reggie Bradford and Charles Brewer spoke on a panel about Atlanta’s startup and entrepreneurial scene.

Many entrepreneurs have already discovered how much the city has to offer. Atlanta has been named #1 for minority and women entrepreneurship, #2 for entrepreneurial activity and #5 in small business friendliness, according to various independent sources.

Alan Dabbiere
Invest Atlanta has worked hard to reach out to startups. 

For example, during the past year, Invest Atlanta incubated Startup Atlanta, an umbrella organization providing support and networking opportunities to technology startups. Startup Atlanta became a standalone nonprofit organization in May.

  Dr. Eloisa Klementich, managing director of business development, serves as Startup Atlanta’s board chair.
           
Sig Mosley
“Atlanta is full of inspiring startup stories,” Klementich said. “We love working with passionate, bright entrepreneurs to help them tap into the resources available so they can grow their businesses, creating even more wealth and job opportunities in the City.”

For a complete copy of the company’s news release, please contact:

The Wilbert Group
404.343.0886

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