Tuesday, October 18, 2016

Capital Square 1031 Completes DST Offering of 101-Unit Townhome Community in Tucson, AZ


 
Louis Rogers
 TUCSON, AZ – Capital Square 1031 announced its Delaware statutory trust offering, CSRA Galeria del Rio, DST, comprised of a 101-unit Class A townhome community in Tucson, Ariz., has been fully subscribed by investors.

Located at 5132 N. Prairie Clover Trail, Galeria del Rio includes 35 two-story buildings and a community clubhouse. The two-story luxury townhomes range in size from three-bedroom to four-bedroom units, each complete with 2.5 bathrooms, an attached two-car garage and a small private enclosed back yard. The property, completed in December 2014, is situated on approximately 11.5 acres of land.

“Galeria del Rio is a high quality townhome community situated in a central location within Arizona’s second largest city,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. 

“The property provides residents with easy access to many social and recreational opportunities, employment centers, including a variety of employers in the national defense industry, and Northwest Medical Center. 

“We are pleased to complete this offering, the 24th DST Capital Square 1031 has closed since its founding in late 2012.”

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

Julie Leber
 Spotlight Marketing Communications
 949.427.5172, ext. 703


Avison Young completes four new leases for 24 Hour Fitness in Southern California


24-Hour Fitness, Orange County, CA


 
Keith Kropfl
Orange County, CA — Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has negotiated four new leases with 15-year terms on behalf of 24 Hour Fitness.

The four leases total 157,500 square feet (sf), with three locations in the Orange County cities of Santa Ana, Huntington Beach and Fullerton, and one in the City of Riverside within Riverside County.

Avison Young Principal Keith Kropfl and Associate Michael Ganz, based in the company’s Orange County office, represented 24 Hour Fitness in all four transactions.

“Avison Young worked closely with 24 Hour Fitness to identify strategic locations and negotiate long-term leases with favorable terms,” comments Kropfl.

 “The majority of these new locations for the tenant are within spaces that were vacated as previous tenants went dark. I believe this is testimony not only to the growth and success of 24 Hour Fitness, but also to the resiliency of the Southern California retail market.” 

Following is information on each lease:

 Santa Ana: The lease totals 40,000 sf and is located at 1350 W. Edinger within Plaza Edinger. The new 24 Hour Fitness location will open in the first quarter of 2017 and will be the anchor tenant at the property, which includes Smart & Final and Factory-4-U. The space was formerly an O’Reilly Auto Parts Super Store. Kropfl and Ganz also represented the landlord, Plaza Edinger, LLC.

Michael Ganz
Huntington Beach: The leased space totals 33,500 sf and is located at 9051 Atlanta Avenue within Huntington South Center. The 24 Hour Fitness gym will open in the first quarter of 2017 and will occupy a space that was previously an Albertsons. Other tenants within the center include H&R Block, Juice It Up!, Subway, and Starbucks. The landlord, Huntington South Center, LLC was represented by CBRE.

Fullerton: The 46,000-sf leased space is located at 130 E. Imperial Highway in Fullerton. The new 24 Hour Fitness will open in the second quarter of 2017 and will be within a space formerly occupied by Office Depot. Other tenants at the center include Best Buy and Floor and Décor. The landlord, Fiesta Distribution, LLC, was represented by CBRE.

Riverside: The leased space totals 38,000 sf and is located off the 91 Freeway at 3490 Madison Street within Madison Plaza. 

The center is currently under construction and 24 Hour Fitness is anticipated to open its doors once development is completed at year-end 2017. The ownership group, HFC/PRP Madison, LLC, represented itself.

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

Darcie Giacchetto
949.278.6224





New Castle Hotels & Resort and Southwest Properties Break Ground on first Marriotts in Dartmouth, Nova Scotia, Canada





At the sod turning for the Residence Inn/Courtyard by Marriott in the Dartmouth Crossing lifestyle center in Dartmouth, Nova Scotia.  L-R Gerry Chase, president and COO New Castle Hotels & Resorts, Fred George, president and CEO JLK Global Investments (also an honorary general in the Canadian Armed Forces) Jim Spatz, chairman and CEO Southwest Properties Ltd, David Buffam, CEO New Castle Hotels & Resorts, Manlio Mariscotti, vice president development Marriott Canada, Mike Savage, Mayor Halifax.
.
  
SHELTON, Conn. )— Officials of New Castle Hotels & Resorts, a leading hotel owner, operator and developer, along with Southwest Properties of Halifax, Nova Scotia and JLK Global Fund International broke ground on a 178-key Courtyard by Marriott/Residence Inn hotel in Dartmouth, Nova Scotia.  The dual-branded hotel will be the first Marriotts in the city.


Gerry Chase
The project is estimated for completion in Q3 2018 and will include a 106-room Courtyard by Marriott and 84-suite Residence Inn in the Dartmouth Crossing lifestyle center and in close proximity to the Burnside Business Park, the largest eastern seaboard business park north of Boston or east of Montreal.  The park is home to 2000 enterprises and more than 30,000 employees.

“The dual-brand configuration has been tremendously successful for us in other urban areas like downtown Syracuse, NY where land acquisition is costly,” said Gerry Chase, president and COO of New Castle.  “I feel very confident that this project, with known and trusted development partners, and a proven product mix, will be completed in a timely fashion and ramp up quickly to serve the unmet needs of the Dartmouth business community.”

“Dartmouth Crossing is rapidly expanding with iconic brands and is attracting business travellers working in the greater Halifax region,” noted Jim Spatz, chairman & CEO for Southwest Properties.


Jim Spatz

“The hotel is well placed in an area that is becoming a primary shopping destination for Maritime Canada and an athletic hub for Halifax with the new four-pad ice arena and the existing Harbour East soccer and football fields.   We believe in Dartmouth Crossing because of our great success with the hotel we built and opened with New Castle Hotels in 2009.”

New Castle and Southwest have partnered previously on the Residence Inn Moncton, New Brunswick, the Hampton Inn and Suites by Hilton Halifax-Dartmouth in Nova Scotia and The Algonquin Resort in St. Andrews, New Brunswick. 

“Today’s travelers have varying and specific needs, and over 35 years, we’ve found that the combination of an upscale select service hotel, coupled with an extended stay product is an ideal way to satisfy most guests,” said Chase. “The nearest Marriott hotels are across the bridge in Halifax, so I’m sure that these two hotels will be very well received, particularly by the points-conscious business traveler.” 

 Global Fund International is a private investment company with Fred George, President and CEO

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

Lauralee Dobbins
Write Touch Public Relations
609-451-5102




OliverMcMillan Hires Real Estate Industry Leader Michael O’Hanlon as Chief Operating Officer and Promotes Two Executives


Michael O'Hanlon

SAN DIEGO, CA (Oct. 18, 2016) –  OliverMcMillan, one of the largest, most progressive leaders in the field of mixed-use real estate development in the U.S., announced today the hire of senior real estate manager and industry veteran Michael O’Hanlon as the firm’s new Chief Operating Officer.

The firm also promoted two key executives, Jeff Zeigler and Eric Buchanan.

Zeigler, a member of OliverMcMillan’s Executive Committee, was promoted to Senior Managing Director of Asset Management & Leasing. Buchanan was promoted to join the Executive Committee and lead the firm’s development activities as Senior Managing Director of Development.


Jeff Zeigler
“We recognize that our people are our greatest assets and today’s executive appointments demonstrate our ongoing commitment to remain ’best in class‘ and position OliverMcMillan for continued success,” said OliverMcMillan’s Chief Executive Officer, Dene Oliver.

The privately-held firm has designed, developed and managed over eight million square feet of award-winning, mixed-use projects, with a total project value exceeding $3 billion and is currently developing new projects with a value of approximately $3 billion. 

Through both private and public partnerships, OliverMcMillan’s expanding real estate portfolio includes retail, entertainment, creative office, hotel and residential projects throughout the United States.

O’Hanlon will be responsible for implementing the company’s strategic plan, managing all aspects of the OliverMcMillan organization and furthering the company’s growth. O’Hanlon will report directly to Oliver and will provide oversight of all company divisions.

 O’Hanlon has over 35 years of comprehensive experience in real estate management, development, portfolio strategy operations, capital markets transactions and joint ventures. He has directed two major U.S. real estate company’s asset management groups with portfolios of diversified real estate assets valued at approximately $6 billion and $11 billion respectively, and most recently served as CEO and President of Behringer Harvard’s opportunity-style real estate investment trusts.

Eric Buchanan
 Prior to Behringer Harvard, he held the position of COO and President of Billingsley Company and was CEO and President of Inland Western Retail REIT. O’Hanlon has been a member of Urban Land Institute’s (ULI) Urban Development/Mixed-Use Council; National Association of Real Estate Investment Trusts (NAREIT); and International Council of Shopping Centers (ICSC).

 He is a graduate of Fordham University and earned a master’s degree from Columbia University Graduate School of Business.

 Zeigler joined OliverMcMillan in 2011 and most recently led the Retail Services group, where he was responsible for retail leasing at OliverMcMillan and oversaw retail lease negotiations, tenant coordination, project merchandising and property marketing for the company’s new and existing properties.

 In his new role as Senior Managing Director of Asset Management & Leasing, Zeigler will oversee both leasing and asset management of the firm’s property portfolio. Some of his current projects include: The Shops and Offices Buckhead Atlanta, six city blocks of world-class retail, restaurants and cafes in Atlanta, Georgia; River Oaks District, 850,000 square feet of luxury retail, dining, offices, hotel and residences in Houston, Texas; and retail requirements for OliverMcMillan’s portfolio of mixed-use development.

Dene Oliver
Buchanan joined OliverMcMillan in 2012 as a Development Director. In his new role as Senior Managing Director of Development, Buchanan will lead all development and construction activities for the firm and will be responsible for seeking and vetting potential mixed-use development acquisitions.

Under Buchanan’s direction, OliverMcMillan has several projects under way including Fifth + Broadway, a major mixed-use development planned for downtown Nashville, Tennessee, which will transform Nashville’s former convention site into a dynamic mixed-use development featuring retail, residential, office, dining and entertainment;

Clayton Lane, a multi-block mixed-use redevelopment in the heart Cherry Creek North in Denver that features Whole Foods and Crate & Barrel; Tustin Legacy, a planned new urban village-style mixed-use project in the heart of Orange County, California, which will uniquely incorporate the historic blimp hangar situated on the 123-acre former Marine Corps air station site;

 Laundry Lofts, a planned 22-story mixed-use residential and commercial development located in the East Village area of Downtown San Diego, California; SALT, a four-story, amenity-rich 265-unit, Class A apartment community in Tempe, Arizona, ideally located near Arizona State University and the Mill Avenue Entertainment District, and next door to the new State Farm campus currently under construction; and Symphony Honolulu, which features 388 luxury residential condominiums in an amenity-rich environment as well as JN Exotics, Hawaii's premier luxury auto dealer.

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

Anne Monaghan
MONAGHAN COMMUNICATIONS, INC.
830.997.0963


Atlantic | Pacific Companies Acquires Two Texas Properties Through Its Blue Atlantic Partners Fund I


Max Briggs
MIAMI, FL – Florida-based Atlantic | Pacific Companies (A|P Companies), is pleased to announce the acquisition of two Class-A multifamily communities in Texas through its Blue Atlantic Partners Fund I.

The recently closed transactions increase A|P’s holdings in Texas to almost 3,000 units and expands A|P’s regional reach to 8 market-rate multifamily communities. Atlantic | Pacific Management (A|P Management), the property leasing & management platform under A|P, will handle all property management responsibilities for both properties.

The two new acquisitions include:

Franciscan of Arlington is located in central Arlington, Texas near the AT&T Stadium and Globe Life Park. 

The property enjoys a total of 418 units with a mix of one, two and three-bedroom units.  Unit interiors feature stainless steel appliances, over-sized walk-in closets, and garden tubs as well as direct access garages in select units. The community features two waterscape pools and Jacuzzi, resident coffee bar and a state-of-the-art fitness center.


Village of Hawks Creek, Westworth Village,
near Fort Worth, TX


Village of Hawks Creek is located in Westworth Village near Fort Worth, Texas. The community is rich in the antiquated architecture and craftsmanship of Texas.

 The property consists of 312 units in twelve desirable floor plans, with a range of one, two, and three bedrooms. The units feature gourmet kitchens with stainless steel appliances and walk-in closets.

Mark Briggs, Senior Managing Director at A|P Management remarked, “We are excited to continue our expansion in Texas and bring our amazing management team to these communities. These exceptionally located assets are a perfect complement to our existing Texas portfolio.

For more information about A|P Companies and its array of real estate services including development, property management, affordable housing, and construction, visit www.apcompanies.com/management or call (800) 918–1145. Follow A|P on Facebook (@AtlanticPacificCompanies), Instagram (@APCompanies) and Twitter (@APCompanies).

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

Jessica Wade Pfeffer | JWIPR
jessica@jwipr.com | 305.804.8424
Margie Sernik | JWIPR

www.apcompanies.com/management.margie@jwipr.com | 786.200.2516

Monday, October 17, 2016

MCA Realty Acquires Multi-Tenant Business Park in North Las Vegas, NV


Walnut Business Park, Las Vegas, NV

Las Vegas, NV  (Oct. 17, 2016) – MCA Realty, a full service real estate investment and management company, has acquired Walnut Business Park, a 92,056 square-foot value-add industrial business park in the northern submarket of Las Vegas.

The firm acquired the property at a significant discount to its replacement cost, and plans to strategically reposition the asset to create long term value, according to Tyler Mattox, Principal at MCA Realty.

Tyler Mattox
“Select value-add opportunities still exist in the Las Vegas market,” says Mattox.  “The industrial market in north Las Vegas has demonstrated a tremendous recovery over the last several years and continues to absorb space.

“In fact, 2016 marked the region’s strongest year since 2008.  This consistent economic growth, coupled with increasing demand for small and mid-bay industrial product throughout the region, makes this acquisition a logical addition to our existing portfolio.”

Mattox notes that new construction for “big box” industrial product has increased dramatically over the last two years, while demand for smaller spaces continues to outpace supply. 

At the end of the second quarter of 2016, approximately three million square feet of “big box” product was under construction in Las Vegas, while new construction for smaller industrial product remains relatively nonexistent.

 “This lack of available supply for smaller multi-tenant industrial buildings is placing upward pressure on rental rates and is driving demand for assets such as Walnut Business Park,” says Mattox.

MCA Realty's principals, Tyler Mattox, Jared Gordon, and Peter Cheng, have successfully navigated a full spectrum of market conditions, and pride themselves on building and maintaining strong relationships with industry partners.

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

Lexi Astfalk / Jenn Quader
Brower, Miller & Cole
(949) 955-7940

Hold-Thyssen Negotiates 12 Leases at Kirkman Commerce Center in Orlando, FL for More than 27,000 Square Feet


Alex Rowlinson

WINTER PARK --- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, recently negotiated 10 leases for office/flex space totaling 27,529 rentable square feet at Kirkman Commerce Center in Orlando.

The Hold-Thyssen leasing team of Troy Stevens and Alex Rowlinson negotiated the transactions on behalf of the South Florida landlord at the 124,283 square foot commercial complex.

At 701 S. Kirkman Rd. in Kirkman Commerce Center Stevens and Rowlinson negotiated new or expansion lease agreements with these tenants: 

American Premier Security and Sound, Inc., 2,400 square feet
Florida Corporate Branding LLC 3,600 square feet;
First Brazilian Baptist Church of Orlando, 1,672 square feet;
Precision Security & Fire LLC, 758 square feet;
Najac Tax & Consulting Services LLC, 586 square feet;
MA3-1 Cleaning Services, 544 square feet; 
Lease renewals were signed at the 701 building by tenants
Trans Global Communications for 13,200 square feet and
Sew For You LLC, 571 square feet.

At 773 S. Kirkman Rd. in the Commerce Center, Mortgage Financial Group, Inc. leased 1,043 square feet, Generational Wealth, LLC leased 891 square feet and First Option Tax LLC leased 421 square feet at 775 S. Kirkman Rd.

At 775 S. Kirkman Rd.  Mystic Travel Inc. signed a three-year expansion agreement.

The Hold-Thyssen team negotiated these 12 deals adding to a total of 17 lease agreements completed after the Kirkman Commerce Center was sold late last year to a new South Florida investor owner.

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



Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142 Lvershelco@aol.com

Hold-Thyssen Negotiates Two New Office Leases in Tampa Bay, FL Area

                                              

Theresa Margaris
Tampa / Clearwater, FL --- Hold-Thyssen, Inc. recently negotiated two new long-term lease agreements totaling 2,569 rentable square feet at office facilities in the Tampa Bay area. 

Leasing Associate Theresa Margaris at Hold-Thyssen’s Clearwater office, negotiated the transactions representing the landlords.   

At Westchase Commons, 13015 W. Linebaugh Ave. in Tampa Margaris represented the landlord Tampa Rejuvenation Holdings, LLC in the lease of 1,620 square feet to Pedro Soler, M.D.  a successful plastic surgery practice relocating to the newly constructed building with build-to-suit shell units.  

At Terrace Court, 11424 N. 53rd St. in Temple Terrace,   Margaris represented the landlord Pylon, LLC in a lease agreement with Freeman Support Care Services Corp. a home health company providing Medicaid Waiver Services who is doubling its space at the office building at Terrace Court.

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



Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142 Lvershelco@aol.com

Sunday, October 16, 2016

HFF closes $25.4 million sale of transit-oriented office building in Seattle’s north central business district

  
Broadacres Office Building, North Central Business District, Seattle, WA

PORTLAND, OR –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $25.4 million sale of Broadacres, a 123,108-square-foot, transit-oriented office building with ground floor retail space in Seattle’s north central business district.

Nicholas Kucha
HFF marketed the property with KG Investment Properties on behalf of the seller, Principal Real Estate Investors, and procured the buyer, LBA Realty. 

Broadacres is situated at 1601 2nd Avenue just two blocks from Sound Transit-King County Metro’s Westlake station; one block from Pike Place Market, a popular retail destination that attracts more than 10 million visitors annually; and four blocks from Amazon’s South Lake Union headquarters in downtown Seattle.

  With a history dating back to 1907, the 10-story property represents a rare value-add creative office redevelopment opportunity. 

The HFF investment sales team representing the seller was led by senior managing director Nicholas Kucha.

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

Kristen M. Murphy
Director, Marketing
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



              

Partyka Group at NAI Realvest Represents International Investor in $1.6 Million Bank-Owned Sale at Airport Industrial Park in Sanford, FL

  
Paul Partyka
SANFORD, FL  – The Partyka Group at NAI Realvest recently closed on the $1.6 Million sale of 10 grade-level industrial buildings totaling 37,800 square feet at 3650-3735 Delphini Park Lane, just north of the Orlando Sanford International Airport.

Paul P. Partyka and Juan Jimenez negotiated the transaction representing the buyer, AIM 786, LLC, a client from Dubai.  

The industrial buildings range from 3,000 to 6,000 square feet and are situated on three fenced acres at the Airport Industrial Park. 

“The property was bank-owned and represented a great investment for our international client and we will start marketing very aggressively for tenants,” Partyka said. 

The seller, Pittsburgh, Pa. based Land Holding, LLC was represented in the transaction by Lawson Dann of Avison Young.

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


Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142  

Kiser Group Brokers 15 Multifamily Transactions in Chicago Area Totaling $14.88 Million

                                                                         
Lee Kiser
 CHICAGO, IL – Chicago-based Kiser Group, a boutique multifamily brokerage firm specializing in mid-market properties, announced it has recently brokered 15 multifamily sales totaling $14.88 million throughout Chicago and adjacent suburbs.

The largest transaction, valued at $4.3 million, was the sale of 18 condominiums in a 20-unit building in Chicago’s Uptown neighborhood.

Other notable sales include a 34-unit vintage apartment building in Cicero, Ill.; and, in Chicago, a 36-unit building in Woodlawn, a five-unit building in Hyde Park and a nine-unit building in Ukrainian Village.

“Mid-market multifamily properties saw a surge of investor interest over the summer from a tighter flow of available inventory simultaneous with an increase in investor demand, and we anticipate the trend will continue throughout 2016,” said Lee Kiser, principal and managing broker of Kiser Group.

“With so many millennials and empty nesters opting to rent, and the return on investment for apartments far exceeding that of condos, developers and investors are seeking high-quality rental buildings to boost the performance of their portfolios.”

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

Cara Mooses, cmooses@taylorjohnson.com, (312) 267-4523

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

Anantara Vacation Club Announces Eight New Timeshare Destinations


  
Melanie Smith
  
BANGKOK, THAILAND -- Anantara Vacation Club, Asia's leading luxury shared ownership concept for discerning travellers, is pleased to present eligible Club Points Owners and their guests with eight new destinations across Europe, Australia and Southeast Asia.

 Anantara Vacation Club’s flexible Club Escapes Programme provides eligible Club Points Owners preferred access to a growing number of branded properties around the world.

River of Kings, Riverside Bangkok, New Club Destination
“Eligible Club Points Owners can now take advantage of an ever-growing selection of properties that offer the certainty of comfort in sought-after destinations,” said Melanie Smith, Vice President, Club Operations for Anantara Vacation Club.

“Club Points Owners will enjoy high-value accommodations, varied amenities and the opportunity to enjoy a memorable array of local experiences.  

"From romantic retreats to fun-filled family destinations –Anantara Vacation Club continues to offer an expanding portfolio of properties.

Anantara Vacation Club at Riverside Bangkok is an exclusive new Club destination on the west bank of the Chao Phraya River, known as the River of Kings. The location enjoys convenient access to a number of sought-after attractions, including Bangkok’s bustling central business district, picturesque Buddhist temples, scenic daytime and evening river cruises and Asiatique the Riverfront, the city’s premier outdoor night bazaar.

River of Kings, Bangkok, Thailand
Club Points Owners can choose from two luxurious options located adjacent to each other in this destination: Anantara Riverside Bangkok Resort and AVANI Riverside Bangkok Hotel. 

Both properties offer a state-of-the-art fitness centre and selection of restaurants and lounges, while AVANI Riverside Bangkok Hotel features a rooftop swimming pool and Anantara Riverside Bangkok Resort provides access to an outdoor swimming pool.

 In addition, Anantara Vacation Club has added seven new international destinations through its Club Escapes Programme - offering Club Points Owners greater choice and flexibility in planning their vacations.

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

Hwee Peng Yeo, Glodow Nead Communications

+65 (0) 9768 6087

Pre-leasing Underway at Aurora St. Charles Senior Living as $24 Million Redevelopment Nears Completion in Downtown Aurora, IL

  
Aurora St. Charles Senior Living Facility, 400 East New York Street,  Downtown Aurora, IL


CHICAGO, IL – Evergreen Real Estate Group, a leader in the development, rehabilitation and management of both affordable and market-rate multifamily housing, today announced the start of pre-leasing at Aurora St. Charles Senior Living, a 60-unit independent living facility in downtown Aurora, Ill.

 Formerly St. Charles Hospital, the historic Art Deco building is being converted to modern senior housing as part of a $24 million redevelopment that began in February 2016. First move-ins are scheduled for December.

David Block
“Even after the former hospital sat vacant for five years, the people of Aurora never lost sight of its potential, presenting us with an opportunity to work alongside city and state officials to preserve a local landmark while creating much-needed housing for area seniors,” said David Block, director of development for Evergreen Real Estate Group, which will also manage the community.

“Through thoughtful renovations, we were able to restore this extraordinary building and transform it into a vibrant residential community with all of the amenities and services today’s seniors desire in a home.”

Located at 400 E. New York St., Aurora St. Charles Senior Living offers a mix of studio, one- and two-bedroom floorplans, all with spacious living/dining areas and open kitchens. The community’s renovated interiors showcase a number of original design features, including terrazzo and stone floors in common areas, oversized windows in each residence and 9-foot ceilings throughout the building. 

When complete, the property will also feature several shared amenity spaces, including a large community room in the hospital’s former chapel that will house a library/reading room and separate computer area. Outside, walking paths and community gardens will provide additional opportunities for exercise and socialization.


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

Kelly Shumaker, kshumaker@taylorjohnson.com, (312) 267-4519

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528 

Kass Management Services Expands Chicago-Area Apartment Portfolio


Mark Durakovic
CHICAGO, IL — Chicago-based Kass Management Services, a third-party property management firm, announces it has been retained by New York-based Property Management Group (PMG) to manage seven market-rate properties comprising 308 units in Chicago and surrounding suburbs.

The assignment, which includes the recently opened L development in Logan Square, adds to Kass Management’s already expansive portfolio, which includes nearly 9,500 residential units and 600,000 square feet of commercial space throughout the Chicago area.

“In encompassing buildings of all sizes, and in a variety of locations, this portfolio truly speaks to our capabilities as a property manager,” said Mark Durakovic, principal of Kass Management Services.

“We are excited about our partnership with PMG and look forward to introducing residents of each community to the highly personalized service that has made us one of Chicago’s preeminent management companies.”

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

Kelly Shumaker, kshumaker@taylorjohnson.com, (312) 267-4519

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

Baird & Warner Good Will Network Donates $100,000 to Chicagoland Charities


 
Jennifer Alter Warden
CHICAGO, IL — Baird & Warner, Chicagoland’s largest locally owned independent residential real estate services company, announced its charitable arm, the Good Will Network, is donating $100,000 through 10 grants in the amount of $10,000 each to Chicagoland nonprofit agencies focusing primarily on serving those impacted by homelessness.

The 10 winning charities were selected through an online campaign that generated thousands of votes from people across Illinois.

“Neighbors helping neighbors is a core value that Baird & Warner strives to demonstrate every day, and this campaign embodies that philanthropic spirit,” said Jennifer Alter Warden, chief operating officer and executive vice president of Baird & Warner. “By engaging our employees and our communities, we can support local organizations that share the good and help those in need.”

The grant winners were selected as part of an online campaign aptly named #ShareTheGood, which began with the nomination of charities by Baird & Warner’s broker associates, loan officers and employees. Throughout September, the public cast online votes for the nominees, rewarding the 10 charities with the most votes. 

 The winning nonprofits provide an array of services to Chicagoland communities, from food and safe housing to shelter and employment assistance. The following organizations will receive a $10,000 grant from the Baird & Warner Good Will Network:

·     360 Youth Services 
·     Almost Home Kids 
·     Bridge Communities 
·     Community Crisis Center 
·     Hesed House
·     Family Promise North Shore
·     Family Shelter Service
·     PADS Lake County
·     Realtors Against Homelessness
·     Turning Pointe Autism Foundation


Baird & Warner Good Will  Network Volunteers
 “The people whom these organizations serve face extraordinarily difficult circumstances and need the community’s help,” said Warden. “Baird & Warner’s mantra is to make things easier, and we’re proud to alleviate some of the challenges people face by contributing to these exceptional organizations.”

Since its creation in 2002, Baird & Warner’s Good Will Network has donated more than $2 million in grants to Chicagoland nonprofit organizations with a focus on shelters and homelessness, particularly for women and children. Broker associates, loan officers and employees have also volunteered thousands of hours to these charities.


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

Julie Liedtke, jliedtke@taylorjohnson.com, (312) 267-4521
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527