CHMWarnick Names Chad Sorensen Chief Operating Officer

  

Chad Sorensen

BOSTON, MA (June 6, 2019) – CHMWarnick, the leading hotel asset management and owner advisory services company, today announced managing director Chad Sorensen (CHAM, ISHC) has been named chief operating officer.

  In his new role, Sorensen will be responsible for overseeing the company’s asset management operations, with a focus on continued improvement in business practices, while leveraging cutting-edge technology to benefit the company’s clients.

“Our company has more than doubled in size over the last few years, and adding Chad as our COO is one more way we will continue to bring the most comprehensive and impactful asset management services to our clients,” said Chad Crandell, CEO and managing director, CHMWarnick. 

“A 25-year hospitality industry veteran, Chad is a highly accomplished asset manager and leader who in his new role as COO will build on the growth and incredible momentum we have as a company. 

Chad Crandell

"We continue to deepen our bench strength with a series of promotions and new hires to accommodate the nationwide expansion of our client portfolio.  Chad has been instrumental in helping us get to where we are today, and I have no doubt he will continue to fuel our growth.”

With nearly three decades of experience, Sorensen has worked in virtually every aspect of the lodging industry, from asset management to guiding owners on a wide variety of lodging investment issues. 

A regular speaker at industry events, Sorensen also is Chair Emeritus and current Membership Chair of the International Society of Hospitality Consultants (ISHC), serves on the Hotel Asset Management Association (HAMA) Marketing and Finance Committees, sits on the Michigan State Real Estate Investment Management Advisory Committee and was one of the first 25 designees of the coveted Certified Hotel Asset Management (CHAM) worldwide.

Additionally, after years of contribution, he served as co-chair of ISHC CapEx 2018: A Study of Capital Expenditures in the Hotel Industry, the industry’s exclusive resource on hotel capital expenditures and lectures regularly at Michigan State’s esteemed School of Hospitality Business. 

Sorensen received his Bachelor of Science in Hotel Restaurant and Institutional Management from Iowa State University and his Master of Business Administration from the University of Illinois.

  

“As COO, I look forward to overseeing our expanding portfolio and supporting our world-class team of professionals as we continue to define the gold-standard for asset management in the hospitality industry,“ said Sorensen. “I’m confident in the strategy we have developed, and in our dedicated team, to deliver the most comprehensive and effective hotel asset management services available today.”

  

CONTACT

 Chris Daly

 Daly Gray Public Relations

Email: chris@dalygray.com

Phone: 703-435-6293

Actress Anne Heche Selling Her Los Angeles, CA Home for $3.95 Million

Heche has been living in an Old World-style home that was built in 2009 in the Hancock Park-Wilshire area of Los Angeles, CA

Photo credit: The Agency                               Source: theagencyre.com

Anne Heche

 HANCOCK PARK, LOS ANGELES, CA -- According to TopTenRealEstateDeals.com, Celebrity actress and author Anne Heche is selling her private and gated 2009 house in Hancock Park, Los Angeles which is listed at $3.95 million.

Anne and Ellen DeGeneres

The property is listed by Billy Rose of The Agency, Beverly Hills.

Born near Cleveland, Ohio into a struggling family with five children and moving often, including some time in an Amish community, Anne Heche got her start in acting right out of high school in the television soap opera Another World.

Billy Rose

 Cast in a dual role as evil twins, from 1987 through 1991 Anne was one of daytime tv’s most popular stars winning an Emmy and a Soap Opera DIgest Award.

Anne and Coleman Laffoon

Since that time, she has appeared in film, on television sitcoms and written her autobiography, Call Me Crazy, which was released in 2001.

Anne and James Tupper

Heche has been living in an Old World-style home that was built in 2009 in the Hancock Park-Wilshire area of Los Angeles.

Antonio Banderas

Loaded with character from its barrel-tiled roof to its wood-and-dark-beamed ceilings, the 4,652-square-foot house contains five bedrooms and five baths with a dramatic open-plan family room with kitchen and two-story ceiling, fireplace and French doors that open to the entertainment terrace.

Melanie Griffith

There is a formal living room with wood-burning fireplace, formal dining room, a den-media room, combination guest-suite office, and a butler’s pantry with wine cooler and ice maker.

Nat King Cole

Family bedrooms are located on the second floor with high-beamed ceilings, large closets and balconies.

Natalie Cole

The master includes three closets, a steam shower and freestanding tub. In addition, the house has a laundry room and two-car garage.

Maxine Waters

Outside is a pool, cabana, an entertaining loggia with wood-burning fireplace, outdoor dining and lawn.

In 1998, Heche was chosen by People magazine as one of the 50 most beautiful people in the world.

David Schwimmer

Her most notable film was Six Days and Seven Nights, made in 1998 and her most notable relationship was with Ellen DeGeneres which lasted from 1997 until 2000.

She moved on to marry cameraman Coleman Laffoon, with whom she had a son in 2002, and after their divorce, had another son with partner James Tupper, with whom she co-starred in the film Men in Trees.

 In 2004 she was nominated for a Tony Award for Best Actress in a play for a revival of Twentieth Century.

Prince William and Princess Catherine

The Hancock Park neighborhood has an interesting history, many celebrities have called it home including Antonio Banderas and Melanie Griffith, Nat King Cole and daughter Natalie, politician Maxine Waters and actor David Schwimmer.

When Prince William and Princess Catherine visited the U.S. in 2001, they stayed at the residence of the Los Angeles British Consuls-General, which abuts the nearby Wilshire Country Club.

CONTACT

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  434-480-4504
Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

Meta Housing Breaks Ground on 65-Unit Affordable Mixed-Use Community with Social Services Programs in Roseville, CA

From left: Danielle Foster, City of Roseville; Scott Alvord, City of Roseville; John Nunn, California Department of Housing and Community Development; Caitlin Lanctot, California Public Finance Authority; Graham Espley-Jones, Western Community Housing;

Supervisor Bonnie Gore, County of Placer; Sean Johnson, CalVet;

Mayor John B. Allard II, City of Roseville; Loren Messeri, Meta Housing;

Aaron Mandel, Meta Housing.

Meta Housing breaks ground on Main Street Plaza Apartmentsin Roseville, California. The project consists of a 44-unit mixed-use affordable housing complex with 3,000 square feet of community-integrated commercial space, a 21-unit affordable housing complex and a public pedestrian paseo.

Roseville, CA – Meta Housing Corporation, a Los Angeles-based developer, in a joint venture partnership with Western Community Housing, Inc., a Southern California-based non-profit public benefit corporation, has announced the development of Main Street Plaza Apartments, consisting of a 44-unit mixed-use affordable housing complex with 3,000 square feet of community-integrated commercial space, a 21-unit affordable housing complex and a public pedestrian paseo in Roseville, California.

The $32.8 million project will provide affordable housing for low-income families, veterans, and special needs individuals.

Main Street Plaza Apartments will be located at the northeast corner of Washington Boulevard and Main Street'  The project is expected to be completed in Fall 2020. 

 Of the 65 apartment units to be built at the property, 19 will serve veterans receiving HUD VASH rental subsidy, while 11 units will serve low income households through the Housing Choice Voucher program; both rental subsidy contracts were awarded to the project and contracted through the Roseville Housing Authority.

Supportive services funding and development assistance through the Placer County MHSA program, will ensure that 10 of the 11 general voucher units will serve households with special needs.

Kasey M. Burke

The remaining 34 affordable units will serve low-income families, including veteran families and the local workforce.

“The City of Roseville is making affordable housing a priority for households at all income levels throughout the city,” says Kasey Burke, President of Meta Housing.

“We’re excited to be contributing to this goal through the development of Main Street Plaza Apartments, which will provide attractive new homes for families earning between 30 percent and 60 percent of area median income, as well as for veterans and individuals living with mental illness.”

Burke notes that the project’s resident service coordinator, LifeSTEPS, will provide life-improving services to all residents at Main Street Plaza Apartments.

The veteran population will receive specialized service coordination, education, case management, health services, transportation, counseling, and advocacy on-site and through the VA Sierra Nevada Health Care System.

MHSA residents will receive intensive case management services from Placer County.

Roseville, CA Mayor John B. Allard II

“One of the City of Roseville’s main initiatives is reinvestment into the city’s core neighborhoods," says John B. Allard, II, Mayor of Roseville..

"Here we are doing this through affordable housing and economic development principles.

"As a partner in providing land and financing to this project, the City is sparking revitalization in the Historic Old Town and supporting the neighborhood economy by providing affordable housing options for a range of community needs through the increase of residents in the district.

 “We view the Main Street Plaza Apartments development as a significant contributor towards multiple city goals and, since the project will also serve our veterans, local workforce, and residents with special needs, it is also a point of pride for our city.” 

           Main Street Plaza Apartments will offer 27 one-bedroom, 19 two-bedroom, and 17 three-bedroom units, along with two two-bedroom manager’s units. In addition, the development will include 3,000 square feet of ground-floor retail space and a public pedestrian paseo.

  

CONTACTS:

Micaela Fehrenbach/Lexi Astfalk

Brower Group

mfehrenbach@brower-group.com

(949) 438-6262

www.metahousing.com.

HFF arranges $220 million financing for 1144 15th Street in Denver, CO

1144 15^th Street, a 40-story, 673,852-SF, trophy
Class AA office building in Denver, CO

 DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announces that it has arranged $220 million in financing for 1144 15^th Street, a 673,852-square-foot, trophy Class AA office building in Denver, Colorado.

The HFF team worked on behalf of the borrower, Hines and their equity partner, to secure a 17-year, fixed-rate permanent loan through a national life insurance company.  HFF arranged construction financing for the project on behalf of Hines in 2015. 

Eric Tupler

Completed in 2018, the 40-story core office tower comprises 673,852 square feet with 5,770 square feet of ground level retail and 13 stories of parking for a total of 858 parking spaces. 

The property represents the first high-rise office development in more than 30 years in Denver and has transformed the Denver skyline. 

Tenants at the stabilized property include Gates Industrial Corporation, Optiv Security Inc. and Faegre Baker Daniels. 

 Located in Denver’s Central Business District within the Midtown West micro-market, 1144 15^th Street is convenient to the Convention Center Station light rail stop and the Free MallRide on the 16^th Street Mall, providing access throughout the CBD. 

Additionally, the property is proximate to the Colorado Convention Center, the Denver Center for Performing Arts, Larimer Square and the 16^th Street Pedestrian Mall.

Jay Despard

The HFF debt placement team representing the borrower included senior managing director Eric Tupler.

“Our partnership set out with a long-range view in developing and owning this asset,” Jay Despard, Senior Managing Director for Hines in Colorado, said. 

“The permanent financing we recently obtained is a testament to the building’s position in the marketplace and to the core nature of the finished product and tenant roster.  We are pleased with the outcome on multiple levels.”  

CONTACTS:

ERIC TUPLER

HFF Senior Managing Director

(303) 515-8000

etupler@hfflp.com

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
krmurphy@hfflp.com

hines.com 

Fogelman Properties Completes Third Acquisition of the Year; 2019 Investment Activity Reaches 1,665 Units Totaling $184 Million

Ashford East Village, a 371-unit multifamily community located in East Atlanta Village, Atlanta, GA

ATLANTA, GA,  JUNE 4, 2019 -- Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of Ashford East Village, a 371-unit multifamily community located in East Atlanta Village. 

The community is 95% occupied and offers one, two and three-bedroom apartment homes ranging from $900 to $1,375 per month.

The newly-acquired property is expected to undergo a rebranding and a mix of amenity area improvements. In connection with the investment, enhancements will emphasize a modern fitness facility and the continuation of interior unit renovations including the installation of quartz countertops, vinyl plank flooring and upgraded plumbing fixtures.

Mike Aiken

Fogelman acquired Ashford East Village through a joint venture with New York-based DRA Advisors. 

Since 2003, the Fogelman-DRA partnership has acquired 28 multifamily communities totaling 9,150 apartment homes, with an aggregate value of more than $915 million. 

“Investment and revitalization continues to accelerate in the infill East Atlanta neighborhoods as residents are drawn by a mix of urban amenities such as top rated restaurants and entertainment options including the BeltLine.” says Mike Aiken, VP of Acquisitions at Fogelman.

 “Ashford East Village is uniquely positioned to benefit from the growing residential demand near East Atlanta Village for high-quality housing at a discount to new construction nearby.”    

CONTACT:

Brittanie Price, BCENE Public Relations

bprice@bcenepr.com

703.967.4771

www.fogelman.com 

or follow on Facebook, Twitter and Instagram.

www.draadvisors.com.

HFF arranges $100 million construction loan for development of The Plaza Coral Gables in Coral Gables, FL

Phase one construction of The Plaza Coral Gables  includes a 14-story, Class A, state-of-the art office building totaling 291,129 square feet; 135 multi-housing units and 34 ground level/loft apartment units in Coral Gables, FL

MIAMI, FL, June 4, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $100 million in construction financing for the development of the first of two phases of The Plaza Coral Gables, a mixed-use project located in the heart of the Coral Gables business district.

HFF worked on behalf of the borrower, Agave Holdings, LLC, to secure the construction facility. 

Manny de Zarraga

The Plaza Coral Gables represents the first large scale mixed-use development within the City of Coral Gables and includes the design and development of Ponce Park, which will serve as an extension of the project’s dramatic open plaza area. 

Designed by CallisonRTKL, phase one of the project includes a 14-story, Class A, state-of-the art office building totaling 291,129 square feet; 135 multi-housing units, 34 ground level/loft apartment units;

Also: 101,439 square feet of retail space primarily fronting Ponce del Leon and the dramatic plaza, and consisting of an experiential theme with restaurants, entertainment and service tenants. 

 The second phase, not part of the financing, will provide an additional 222,541 square feet of net rentable area, including office, residential townhomes and retail, as well as a 242-key hotel.

Jim Dockerty

The project broke ground in December 2017 and has an estimated completion date of June 2020.

The HFF capital markets team representing the borrower included executive managing director Manny de Zárraga, managing director Jim Dockerty and director Matthew McCormack.

“The Plaza Coral Gables is not only a milestone project for Coral Gable’s history but in South Florida history,” de Zárraga said.  “This project is the culmination of years of hard work by the Agave team, who are focused and dedicated to providing the best tenant and customer experience for years to come.”

About Agave Holdings, LLC

Agave Holdings, LLC is a privately-owned, commercial real estate firm specializing in the acquisition and development of generational commercial properties throughout the United States and Mexico. 

Matthew McCormack

With offices in Miami and Mexico City, the firm, which represents the interests of Grupo JB (family of Juan Beckmann of José  Cuervo), currently owns and manages more than four million square feet of institutional Class A office space across the United States and Mexico. 

About HFF

HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. 

 HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. 

 HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). 

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

Juan Beckmann

CONTACTS:

MANNY DE ZÁRRAGA

HFF Executive Managing Director

(305) 448-1333

mdezarraga@hfflp.com

JIM DOCKERTY

HFF Managing Director

(305) 448-1333

jdockerty@hfflp.com

MATTHEW MCCORMACK

HFF Director

(305) 421-6558

mmccormack@hfflp.com

KRISTEN MURPHY

HFF Director, Public Relations

(617) 848-1572

krmurphy@hfflp.com

Shaner Hotels Announces Grand Opening of 102-Suite Residence Inn by Marriott Norwalk in Norwalk, CT

102-suite Residence Inn by Marriott Norwalk situated in downtown Norwalk, CT at 45 South Main Street

NORWALK, CT —Officials of Shaner Hotels, an award winning, international hotel owner, operator and developer, announced the grand opening of its 102-suite Residence Inn by Marriott Norwalk in Conn. 

The hotel is owned by SoNo Development Partners, a joint venture comprised of Thomas L. Rich of Stamford-based F.D. Rich Company, East Asset Management LLC and Shaner Hotels.  The hotel will be operated by Shaner Hotels.

Thomas L. Rich

                “The development of a this project represents our continued redevelopment of the South Norwalk neighborhood (SoNo) where we own 300,000 square feet of retail, office, restaurant space and multi-family rental apartments both built and under development,” said Rich, president and CEO of the century-old F. D. Rich Company.

“We believe that SoNo, given its proximity to transportation, nearby offices, Norwalk Harbor and its marinas, the new mall and it’s plethora of dining choices has a really bright future.”

              

Plato Ghinos

 “The Residence Inn by Marriott Norwalk is the newest hotel in the area to cater to longer-term guests who typically stay five-plus nights, bringing with them their own unique needs,” said Plato Ghinos, president, Shaner Hotels. 

 “This marks our 36^th Marriott-branded hotel, as well as our second Residence Inn, allowing us unique insights that ultimately will benefit both the guest experience and bottom-line revenue.”

               

CONTACT:

Chris Daly, media

 (703) 435-6293

 chris@dalygray.com