Mila Volkova promoted to Director, Healthcare Design and Greg Spon promoted to Director, Architecture in Ware Malcomb's Irvine-based Headquarters Office

Mila Volkova

Irvine, CA (March 4, 2019) – Ware Malcomb, an award-winning international design firm, today announced two promotions in the firm’s Irvine-based headquarters office:

Mila Volkova has been promoted to Director, Healthcare Design and Greg Spon has been promoted to Director, Architecture.

 

Greg Spon

  The promotions reflect the professional growth of both Volkova and Spon within Ware Malcomb, as well as the overall growth and success of the firm’s Healthcare Design and Architecture studios, respectively.

For over 30 years, Ware Malcomb’s Healthcare Design studio has completed projects ranging from ground up medical office buildings and tenant improvements to highly specialized OSHPD 1, 2 and 3 facilities.

 In her new role as Director, Volkova will lead the growth and management of the firm’s Irvine-based Healthcare Design team.

Volkova joined Ware Malcomb in 2013 as a Project Manager and was promoted to Studio Manager in 2016. She is an active member of the healthcare design community and a thought leader in the space.

Michael Petersen

Named one of 2018’s Women to Watch by Real Estate Forum, Volkova recently spoke about trends in healthcare and the impact they are having on the real estate market at the 2018 Commercial Real Estate Women (CREW) national convention.

 She holds a Bachelor’s degree in Architecture from California Polytechnic State University, San Luis Obispo and is a U.S. Green Building Council LEED Green Associate.

“Mila brings extensive specialized healthcare knowledge to the Ware Malcomb team, and a wide range of design experience including skilled nursing, ambulatory surgery, behavioral health and acute care facilities,” said Michael Petersen, Principal of Ware Malcomb’s Health & Science practice. “Moreover, her energy and passion for success has earned the respect of her clients and colleagues alike.”

Ware Malcomb’s Irvine-based Architecture studio provides a wide range of services for office, advanced manufacturing, industrial, retail and hospitality projects.

Spon joined the Ware Malcomb team in 2015 as a Senior Project Architect in the firm’s San Diego office. He played a significant role in the growth of that office and within two years was promoted to Studio Manager.

Tom Myers

In 2018, Spon moved to Ware Malcomb’s Irvine office as Studio Manager, Architecture to lead the Irvine team. In his new role as Director, Spon assumes the additional responsibilities of business development and overseeing all aspects of the team’s architectural and advanced manufacturing projects.

 A registered architect in California and New York, Spon is an active member of the NAIOP SoCal and Inland Empire chapters.

“Greg’s in-depth architectural experience and sound commercial real estate knowledge have helped him excel in both client management and business development,” said Tom Myers, Regional Vice President of Ware Malcomb. “We look forward to his continued success and contributions to the Ware Malcomb team in the years ahead.”

CONTACTS:

Rachel Reenders

VP Public Relations

KCOMM for Ware Malcomb

rachel@kcomm.com

Kelly Teenor, Director, Marketing, 949.660.9128, kteenor@waremalcomb.com

Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com

For more information, please visit waremalcomb.com/news and view Ware Malcomb’s Design Highlights video at youtube.com/waremalcomb.

waremalcomb.com

Avanath Launches Entity to Focus on Multifamily Development Opportunities

Jun Sakumoto

            IRVINE, CA — Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has launched a new entity focused on new multifamily development opportunities. 

John R. Williams

       The entity will initially be called Avanath Development, LLC and will be led by Jun Sakumoto, who has been promoted from Avanath’s Chief Operating Officer to President of the newly formed entity.

Daryl J. Carter

Avanath Development, LLC’s initial focus will be on four multifamily development projects, three that exist within the firm’s portfolio and a new development in Detroit. The projects currently existing in Avanath’s portfolio that will launch the new entity include Arbors at Cary in Cary, NC; Woodside in Ontario, CA; and Ravenna in Orlando, FL.

“There is a great need for the development of affordable, workforce and value-oriented apartment communities in markets throughout the country,” says Daryl J. Carter, Founder, Chairman and CEO of Avanath Capital Management. “Now is the right time for us to introduce our own division that is devoted to meeting that need.”

Camille Longino

Multifamily development projects led by Avanath Development, LLC will be capitalized by investors seeking development projects in Opportunity Zones. The tax legislation surrounding this new federal initiative benefits investors, developers, and the communities in which the Opportunity Zone development takes place.

Wes Wilson

“The recent Opportunity Zone legislation will fuel capital flows into the affordable-housing investment sector,” says Carter.  “Avanath has been a leading investor in this sector, serving many markets that are in Opportunity Zones. 

Caren Nims

"So, it is consistent with Avanath’s mission and capabilities to create a strategy for Opportunity Zone investors.”

One of those strategies is a venture Avanath is pursuing with a nationally renowned tax-oriented investment firm to launch an Opportunity Zone fund. While the initial capitalization of this fund will be $200 million, Carter believes the fund has the potential to evolve into a $1 billion enterprise over the next five years.

Ronald R. Juskiewicz

Additional Organizational Changes Within Avanath Represent Significant Growth

Jun Sakumoto’s promotion to President of Avanath Development, LLC is reflective of a strategic organizational realignment within the company to match its recent growth and expected expansion.

“The historic and projected growth of Avanath requires the realignment and expansion of our leadership team,” says Carter. “Jun has a strong track record in building new enterprises.  

Ada Arevalo

"At Capri Capital, Jun built our Capri/CalPERS Urban Multifamily platform, and as a founding partner of Avanath, Jun was a key architect in the development of the Avanath Affordable Housing fund series.”

Sakumoto will remain a partner in Avanath and its subsidiaries and will continue to serve on the Avanath Investment Committee.

Along with Sakumoto’s promotion, Avanath has instituted additional organizational changes within the company that represent the firm’s remarkable growth over the past five years. Effective immediately, those changes include:

• Malachi McKinney, currently Vice President, Asset Management, will transition from Asset Management to Avanath Development, LLC.  McKinney’s strong analytical skills, legal background, and investment banking background will be beneficial in the formation of this new entity.

• Camille Longino, currently Chief Financial Officer, will be promoted to Chief Operating Officer. Longino has successfully built out Avanath’s Accounting/Finance team. 
• As COO, she will have Property Management, Asset Management, Capital Improvements, Compliance and Corporate Services reporting to her. 
• Longino will also continue to be a member of the Avanath Investment Committee. In addition, Longino was recently selected as one of Real Estate Forum’s “Women’s of Influence,” which highlights her role as a leading woman in the industry who continually strives to improve and contribute to Avanath’s prominence in the affordable sector.
• 
  

Ben Finley

• Wes Wilson, currently Vice President, Accounting, will be promoted to Senior Vice President and Chief Financial Officer, overseeing Avanath’s accounting, corporate finance, budgeting, and enterprise software areas. 
• Wilson will also become a voting member of the Avanath Investment Committee. He has supported Longino in building out the firm’s first-class accounting organization and recently completed his MBA at Pepperdine. 

• Beverly Quinn, Assistant Controller, will be promoted to Property Controller, overseeing all property-level accounting. 

• Jake Drexl, Senior Fund Accountant, will be promoted to Fund Controller, overseeing Avanath’s Fund Accounting team.

• Caren Nims, Project Coordinator, will be promoted to Project Manager.

Malachi E. McKinney

• Pat Gaudin has been hired as SVP of Human Resources. Gaudin has a strong résumé in this area, including a decade of experience as SVP of Human Resources for such Southern California firms as Tectrans/Keolis, Lineage Logistics, and ISI – Interior Logic Group.

• Avanath’s Human Resources area will now report to Ron Juskiewicz, Vice Chairman and Chief Compliance Officer. The reporting realignment is consistent with a best practice of maintaining independence of HR outside the key operating functions. 

Longino and Wilson will both report to John Williams, President and CIO, along with Ben Finley, Senior Vice President of Acquisitions, and Ada Arevalo, Vice President of Fund Management. Williams, Sakumoto, and Juskiewicz will continue to report to Carter and work closely with him and other senior leaders in leading Avanath through its next phase of evolution.

Contact:

Lexi Astfalk

Brower Group

(949) 955-7940

LAstfalk@brower-group.com

www.avanath.com.

Voit Real Estate Services Directs $15.9 Million Sale of Newly Developed 120,576-SF Industrial Property in Rialto, CA

Magnolia Foods Building, 1450 Alder Avenue, Rialto, CA

Juan Gutierrez

• Rialto, CA – Voit Real Estate Services has successfully directed the sale of a newly constructed, 120,576 square-foot freestanding industrial facility in Rialto, California, for a total consideration of $15.9 million.

Voit Real Estate Services’ Juan Gutierrez, Frank Geraci, and Adam Geiger represented the seller, Compass Danbe Real Estate Partners LLC, a leading investment and management advisor and also an active developer in the Inland Empire market.

The property was purchased by 1450 Alder Avenue, LLC which then leased out the property to its affiliate Magnolia Foods, a Mira Loma-based manufacturer and distributor of high-quality food products that is expanding its presence in the Inland Empire with this acquisition. 

Frank Geraci

“In spite of these new deliveries, there continues to be a tremendous lack of quality for-sale industrial product in the 100,000 to 200,000 square-foot size range.  

"Compass Danbe is addressing this need in the market by developing more than five ground-up industrial properties in Rialto.”

Voit represented Compass Danbe Real Estate Partners LLC in the acquisition of more than 15 acres of land over the past 24 months and is now the exclusive agent for each property’s lease or sale.

“The City of Rialto’s commitment to infrastructure and support of the industrial sector makes it an excellent location for owner-users, tenants and investors,” says Mark Bachli, Principal and Co-Founder of Compass Danbe Real Estate Partners LLC. 
“For this reason, we continue to invest heavily in this particular area and plan to bring numerous Class A industrial properties in the 70,000 square foot to 120,000 square foot size range to market during 2019 and 2020.”

Situated in a newly developed business park within the Renaissance master-planned development of Rialto, the building offers immediate access to I-210 freeway, and is close to the 210/15 freeway interchange, which allows excellent East West and North South interstate transportation routes, according to Voit’s Chenoweth.

Walt
Chenoweth

“The Voit team has a strong partnership with Magnolia Foods, through which we worked diligently to identify the right location for this expansion,” says Chenoweth. 

“We recognized that the company needed a Class A facility in order to preserve the integrity of its processes and products. In addition, we knew the target location was the Western Inland Empire in order to keep the company in close proximity to its existing operations and the abundant quality workforce in the area.”

Adam Geiger

The facility features 22 dock-high loading doors, an ESFR fire sprinkler system, 32-foot minimum ceiling clear height, a 181-foot truck court, and a 2,000-amp electrical services, 6,000 SF of two-story office, among other amenities.

“This is an exemplary location with national corporate neighbors including Target, Amazon, Under Armour, Niagara Water, Monster Beverage, Kellogg’s and Medline,” says Chenoweth.

The property is located at 1450 Alder Avenue in Rialto, California.

 Further information is available at www.voitco.com. 

Contacts:

Micaela Fehrenbach /Jenn Quader

Brower Group

(949) 955-7940

mfehrenbach@brower-group.com

HFF closes sale of North County San Diego, CA medical office building

Palomar Health Outpatient Center Phase I,
North County San Diego, CA

Mark Burkemper

SAN DIEGO, CA  – HFF announces that it has closed the sale of Palomar Health Outpatient Center Phase I, a medical office building totaling approximately 75,000 square feet in North County San Diego, California.

HFF marketed the property on behalf of the seller, Encinitas-based real estate developer JRMC Real Estate Inc., and procured the buyer, Harrison Street Real Estate Capital, LLC.

The property is a three-story, build-to-suit, Class A building that is 100 percent leased to Palomar Heath, which plans to offer high-acuity services such as radiation, oncology, express care/outpatient clinical services and a Palomar-Rady Children’s Hospital venture at the facility.  Phase I was delivered in April 2018.  

Evan Kovac

The Palomar Health Outpatient Center Phase I is located on the 56-acre, award-winning Palomar Medical Center Escondido campus, a 288-bed hospital with the only Trauma Center within a 20-mile radius.  

Additionally, the building is positioned at the intersection of Interstate 15 and State Route 78, two major thoroughfares in San Diego County.

Mark Burkemper, Managing Director and Head of Healthcare Real Estate for Harrison Street, stated that, “We are excited to be a real estate partner for Palomar Health, northern San Diego County’s health care district. 

"This on-campus, outpatient medical office building complements our existing portfolio of Class A outpatient facilities associated with leading health systems across the country.  

Andrew Milne

"The building is an asset to the community and its residents and will serve as an extension for clinical services at Palomar Medical Center Escondido, Palomar Heath’s brand-new state-of-the-art hospital and level II trauma center.”

The HFF investment advisory team representing the seller was led by managing director Evan Kovac, director Andrew Milne and senior associate Trent Jemmett, who are members of HFF’s national medical office capital markets team. 

Timothy
Wright

The debt advisory team included senior managing director Tim Wright and senior director Zack Holderman, who is also a member of the national medical office capital markets team.

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

Harrison Street is one of the leading real estate investment management firms exclusively focused on the Education, Healthcare and Storage sectors.  

Zack Holderman

The firm has created a series of differentiated investment strategies across multiple risk/return platforms.  Headquartered in Chicago, the firm employs a 140-person team with approximately $18.0 billion in assets under management.  

Trent
Jemmett

For more information, please visit https://www.harrisonst.com.

owned by HFF, Inc. (NYSE: HF). 

 For more information, please visithfflp.com or follow HFF on 
Twitter @HFF.

CONTACTS:

EVAN KOVAC

CA Lic. #01750736

HFF Managing Director

(206) 576-0033

ekovac@hfflp.com

ANDREW MILNE

CA Lic. #01868031

HFF Director

(858) 552-7690

amilne@hfflp.com

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

ZOOM™ Solar-Powered Gulf Gas Station, Convenience Store and Car Wash Opens in NorthSide Regeneration Development in St. Louis, MO

 ZOOM Gulf gas station and C-Store at 1300 N. Tucker Boulevard, North St. Louis, MO

St. Louis, MO – It’s an exciting time in north St. Louis City. Along with the multibillion-dollar National Geospatial-Intelligence Agency (NGA) project proceeding and new residential homes being built, St. Louis Grocery Group has opened the ZOOM Gulf gas station and C-Store at 1300 N. Tucker Blvd.

An official grand opening celebration is scheduled for mid-April.

“NorthSide Regeneration’s vision is to create a healthier, more vibrant community in north St. Louis City,” said NorthSide Regeneration developer Paul McKee, Jr.

Paul McKee Jr.

“We have identified five economic and social deserts within this underserved area of St. Louis City that include health, food, jobs, digital divide and safety.

"Our proposed NorthSide Regeneration development is working to address these areas, with ZOOM being the first. ZOOM is powered by solar energy, plus it brings farm fresh healthy food options and more than a dozen full- and part-time jobs to the area.

"Additionally, ZOOM’s construction generated several construction jobs that exceeded the city’s minority participation requirements on the project in both contractors and boots on the ground working.”

Chef Phillip Kurrus

In addition to the typical products sold at most convenience stores, ZOOM also offers farm fresh produce and local artisan products provided by St. Louis area entrepreneurs and Good Natured Family Farms, an alliance made up of 150 family farms located in Missouri, Illinois and Kansas.

 Initial locally-sourced food offerings at ZOOM include a variety of jams, jellies and pickled items from Blackberry Hill Farms in Rich Hill, MO and honey from Hawley Honey Bee Farm in Iola, KS.

ZOOM also sells seasonal items and holiday gift baskets, plus healthy meals-on-the-go such as pizzas, sandwiches, salads and wraps made fresh in ZOOM’s GoCafé by Executive Chef Philip Kurrus and his staff.

Chef Kurrus brings nearly 30 years of foodservice and hospitality experience to ZOOM. He previously served in a variety of positions ranging from Executive Chef to Kitchen Manager.

Cheff Todd English

Chef Kurrus earned his Associates in Culinary Arts degree from the New England Culinary Institute in Montpelier, VT and interned under Todd English at Michaela’s in Cambridge, MA and with Marcel Keraval at Café de France in St. Louis, MO.

CONTACTS:

Jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com

HFF secures $22.5 million financing for William Penn Apartments in Los Angeles, CA

Devon Dykstra

NEWPORT BEACH, CA –– HFF announces it has secured $22.5 million in financing for the William Penn Apartments, a 189-unit, mid-rise apartment building in Los Angeles, California.

HFF worked exclusively on behalf of the borrower, Massie Capital Management, LLC, to place the five-year, floating-rate loan with a debt fund.  Loan proceeds were used to return equity to investors and provide future funding to renovate units.

John Marshall

Originally constructed in 1928, the William Penn Apartments is located at 2208 W. 8^th Street, one block south of MacArthur Park in Los Angeles’ Koreatown neighborhood.  

The property consists of newly remodeled studio floor plans within a seven-story, historic building that offers immediate access to downtown.  

On-site amenities include a newly renovated courtyard with fountain, fire pits and lounge seating; a 24-hour fitness center; resident storage; bike racks; and courtesy patrol service.  The property was 94 percent occupied at closing and is currently undergoing unit renovations.

“Massie Capital focuses on identifying mispriced assets and delivering affordable, well-designed space to its tenants,” said Brian Massie, principal of Massie Capital Management.  

William Penn Apartments, 2208 West. 8^th Street, Los Angeles, CA

“The William Penn’s pioneering submarket and business plan required a unique lending partner.  HFF was able to clear the market quickly and bring a closely held relationship with a lender who understood our vision for the property and provided local, accessible asset management for draw requests.”

The HFF debt placement team representing the borrower was led by director John Marshall and analyst Devon Dykstra.

“Every year market participants note that the bridge loan market is more competitive than ever and 2019 is no different,” Marshall said.  “HFF advised our client to select a lender who could provide certainty of execution and the best terms available in the market.”

Holliday GP Corp. (“HFF”) is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

CONTACTS:

JOHN M. MARSHALL

CA Lic. #02022107

HFF Director

(949) 253-8800

jmmarshall@hfflp.com

OLIVIA N. HENNESSEY

HFF Public Relations Specialist

(713) 852-3403

ohennessey@hfflp.com