Wednesday, May 19, 2021

She Has a Deal Announces Pitch Competition Finalists



McLean, VA, May 19, 2021— Officials of She Has a Deal today announced the five finalist teams selected to advance to the final round of their annual hotel investment pitch competition to compete for the prize of $50,000 in hotel deal equity following the conclusion of a virtual, preliminary round of pitching. 

 Sara Glenn
 

The goal of She Has a Deal is to increase the number of women hotel owners and developers, and the organization offers inspiration and education to channel the power of collaboration and mentorship.

She Has a Deal creates new pathways to hotel ownership and development by exposing participants to the hard-to-find details needed to successfully source, analyze and close hotel real estate investment deals. 

 During the preliminary judging round, seven teams comprised of 15 participants pitched their hotel investment acquisition or development plans live on Zoom to a judging panel of top-level hotel business executives, entrepreneurs and investors. 

Nancy Guzman

The judges evaluated and selected the following five teams, listed in alphabetical order:

 1.   Celeste Companies: Emma Spring from Washington State University

2.   Eden Investment Management LLC: Angel Deng and Kayleen Fan from Cornell University

3.   Emerald Investments: Lexi Effron, Keslie Easton and Nikki Loseff from San Diego State University

4.   PAIZA GROUP LLC: Sana Mahmood from Zigurat Global Institute of Technology

5.    PEN Investment: Polina Shavrina, Nadia Cismesia and Emma Toppi from Michigan State University

The teams, who started the She Has a Deal process in December 2020, completed more than 12 hours of intensive hotel investment education to learn how to source, evaluate and raise capital for a real hotel deal.

Sana Mahmood

 "I had the privilege of participating on one of the judging panels for this year’s competition, and I have to say the whole experience was really well done – well-organized, user-friendly for the judges, thorough for the candidates. It is an inspiring initiative – desperately needed and truly on point," said Sara Glenn, competition judge and senior vice president, operations, North & Central America, Accor.

 Leslie Easton

 Pitches included ground-up construction, adaptive reuse and conversions of hotels in markets ranging from Silicon Valley and Seattle to Miami and Chantilly, Va.

Judge and SHaD Alumni Nancy Guzman, director of development, HACC, said, “I was impressed by the caliber of the presentations and the confidence these women exude. I’m excited to see these changemakers enter the industry and shake things up. The future of hospitality is female!”

 Nikki Loseff 

 “I signed up for She Has a Deal to bridge the gap between where I currently stand in my career and my dream of becoming a developer," said Sana Mahmood, finalist, who also is pursuing a Masters in Global BIM Management at Zigurat Global Institute of Technology.

"I knew that knowledge was the key to this success, but the right education in the development space was hard to find. I got everything I wanted from SHaD plus more.

Tracy Prigmore

"I know there is nothing I can’t accomplish with the fearless SHaD squad on my side.”

 "Competing on the Emerald Investments team for SHaD has been nothing short of life-changing. Lexi Effron, Nikki Loseff and I didn't even know each other before becoming a pitch team, and we've grown so much together," said Keslie Easton, finalist representing the Emerald Investments team from San Diego State University.

 "We all had prior operations experience, but becoming hotel investors was nowhere on our radar.  It's now a reality for us thanks to Tracy and the rest of the SHaD Squad! We can't wait for the next steps ahead of us."

 She Has a Deal founder, Tracy Prigmore of TLTsolutions, said about the virtual competition:

 Stephanie Linnartz.

 “I continue to be inspired and impressed by the quality of the pitches.  I know how hard these women have worked on their projects, and to watch them put what they learned into action gives me confidence that our industry will see more women-led projects come to fruition in the future.”

 Tracy went on to say, “Our founding sponsors, Hilton Worldwide and Marriott International, continue to demonstrate a deep commitment to diversifying the ownership of their brands. 

"Their support, and the support of all our sponsors, make it clear that the hotel business is moving in the right direction. 

Angel Deng 

"After a challenging year, it gives me hope that our industry has come together to become more diverse and inclusive on the investment side of the business, which is the mission of She Has a Deal.”

 The final pitch competition will take place at the Innovation Gallery at Hilton McLean Tysons Corner on June 5. 

The competition will be followed by an awards and networking luncheon where the participants will be celebrated, and they will be inspired by guest speaker President of Marriott Stephanie Linnartz.

For more information and to purchase tickets, please visit www.shehasadeal.com.

 

CONTACT:

CHRIS DALY

PRESIDENT

DG Public Relations, LLC

42806 Oatyer Court

Broadlands, Va. 20148

Main: 703-435-6293

Mobile: 703-864-5553

 chris@dalygray.com | www.dalygray.com


Monday, May 17, 2021

Plaza Advisors Announces Sale of Shoppes at Golden Acres in the Tampa Bay MSA

 

Shoppes at Golden Acres,a 130,707 square foot retail plaza
on Little Road and Fox Hollow Roadin New Port Richey, FL

NEW PORT RICHEY, FL -- Plaza Advisors is pleased to announce the sale of the Shoppes at Golden Acres. The 130,707 square foot retail plaza is located on Little Road and Fox Hollow Road in New Port Richey, with a combined traffic count of 55,500 vehicles daily.

 

Jim Michalak 
The Shoppes at Golden Acres tenant roster includes: Publix, Rent-A-Center, Edward Jones, and Amscot and is in close proximity to several national retailers including Home Depot, Lowe's, and Kohl’s.

The joint venture seller included SITE Centers Corp. (NYSE: SITC), and Madison International Realty. The Buyer was an undisclosed joint venture. 

Jim Michalak and Keith Nurre of Plaza Advisors represented the seller and were the sole brokers involved in the transaction.

 “Demand for Florida grocery anchored asset is at an extremely high level. However, the amount of available centers is very low” noted Michalak.

 “The various economic dynamics of Florida, including strong population growth, a thriving economy and relocating retirees, continue to drive investment demand and provide a “safe haven” for capital placement by both domestic and foreign investors”.

Keith Nurre

Plaza Advisors is a real estate brokerage firm that specializes in the disposition of retail properties throughout the Southeastern United States.

 Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, servicing agents, life insurance companies, REITs, and money center banks. 

  





CONTACT:

Jim Michalak

Managing Partner

Plaza Advisors

 www.plazadvisors.com

3412 Bay To Bay Boulevard

Tampa, FL 33629

813.837.1300 Ext. 1

Fax 831.2627

jim.michalak@plazadvisors.com

 

 

Magma Equities purchases Richmond Hills, a 1970s vintage apartment community for value-add in Raleigh, NC


Sarah Godwin

CHARLOTTE, NC – JLL Capital Markets announced it closed a $6.2 million sale of 51 existing multi-housing units in the Richmond Hills multi-housing community located at 2251 Charles Dr. in Raleigh, North Carolina.

 JLL represented the seller, EYC Companies, LLC, to complete the sale to the buyer, Magma Equities.

 The community will undergo a renovation with updated countertops and kitchen cabinets, pool revitalization, and exterior renovations in the next year.

Sitting on 5.19 acres, the existing 51-unit apartment property is also entitled for up to 330 units of multi-housing for a potential future redevelopment.


 The infill property is also just a half a mile from I-440/Raleigh Beltline and 3.5 miles from I-40, allowing direct access to key employment and entertainment hubs like North Hills and Downtown Raleigh.

 Additionally, the property is located across the street from Crabtree Valley Mall, which offers over 150 national retail options.

 The JLL Capital Markets team representing the seller was led by Director Sarah Godwin.

For more news, videos and research resources on JLL, please visit our newsroom.

 CONTACT:

Natalie Passarelli

JLL Senior Associate

 Public Relations

Phone: +1 224 477 7307

Email:  Natalie.Passarelli@am.jll.com

http://www.magmaequities.com

www.eyccompanies.com

jll.com.

 

Hold-Thyssen Completes Multi-Year Lease Agreement at Enterprise Plaza in Orange City, FL

 

Darby Hold

ORANGE CITY, FL --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park , which leases and manages Enterprise Plaza in Orange City ,  recently closed on a five-year lease with Salon Centric, distributor of salon professional products at the center located at 2499 Enterprise Rd.  

 Darby Hold, Senior Director at Hold-Thyssen, negotiated the long-term lease on behalf of the Michigan-based landlord, Florida Premier-Enterprise LLC.   

 Enterprise Plaza, Orange City, FL

Salon Centric, a high-credit tenant with over 565 stores throughout the country, has been well-established in the area for more than 18 years and will continue to provide their products and services there. 

Enterprise Plaza is currently 92 percent leased.   

 Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States .

CONTACTS:

Anthony Fisher, Vice President, Hold-Thyssen Real Estate Services, 

407-691-0505, afisher@HoldThyssen.com

 Robert P. Hold, Principal, Hold-Thyssen, Inc. 

407-691-0505, bhold@HoldThyssen.com

 Beth Payan, Larry Vershel Communications Inc. 407-644-4142 or 407-461-3781 beth@larryvershel.com  

 

Sunday, May 16, 2021

JLL Capital Markets closed the sale and arranged an acquisition loan for the RIM in San Antonio, the most visited shopping center in Texas

  RIM in San Antonio, the most visited shopping center in Texas

DALLAS, TX – JLL Capital Markets announced it has closed the sale of and arranged acquisition financing for the RIM, the most visited mixed-use, open-air shopping center in Texas.

Chris Gerard
JLL marketed the property on behalf of the seller, HGR Liquidating Trust, a fund sponsored by Hines.

Big V Property Group along with partner Equity Street Capital acquired the asset in a joint venture arranged by JLL that includes a preferred equity contribution from Kimco Realty Corp.

 Additionally, working on behalf of the new owner, JLL placed the three-year, floating-rate, non-recourse loan with an affiliate of Heitman.

The RIM marks the largest open-air shopping center trade in square footage in the U.S. to sell year-to-date.

 The RIM is the most trafficked shopping center in all of Texas and welcomes 16 million annual visitors.

Barry Brown
 

The RIM houses more than 1.6 million square feet of retail that is 93% leased to some of the best national brands in retail.

They include T.J.Maxx, Nordstrom Rack, Ross Dress for Less, Best Buy, Ulta Beauty, HomeGoods, Hobby Lobby, Total Wine & More and Old Navy.

The property also boasts a curated blend of fast-casual and upscale food destinations. They include The Rustic, North Italia, Southerleigh, Bakery Lorraine and Luxor.

The property is shadow anchored by Target, Lowe’s, Lifetime Fitness, Bass Pro Shop, Top Golf and Santikos.

 Ryan Shore

The RIM was completed between 2006 and 2018 and is part of a 1.8 million-square-foot mixed-use district with residential, office and hotel space.

Situated in northeast San Antonio at 17503 La Cantera in the epicenter of corporate headquarters, entertainment destinations, educational institutions and military bases, the RIM pulls from a 10-mile trade area with more than 706,000 residents.

The property is 15 miles from downtown San Antonio and surrounded by premier San Antonio neighborhoods, including Dominion, Sonoma Ranch and Greystone Country Estates.

 The JLL Retail Capital Markets team that represented the seller was led by Senior Managing Directors Chris Gerard, Barry Brown, Ryan Shore, Danny Finkle and Jeremy Womack and Analysts Matthew Wheeler and Robby Westerfield.

 Danny Finkle

The JLL Debt and Equity Placement team representing the borrower included Senior Managing Directors Jim Curtin and Christopher Drew, Managing Director Timothy Joyce and Analyst Rex Cruz.

 According to JLL, “The RIM is truly a one-of-a-kind retail center with the highest traffic in Texas, some of the highest-volume retailers in Texas and a mixed-use ecosystem with office, residential, hotels, tourism, a university and military base surrounding it.

For BIG V, this is their first acquisition in Texas. The RIM is a flagship property and will serve BIG V and Kimco well as they look to expand in the Lone Star State.” 

Jeremy Womack


JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization.

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

 For more news, videos and research resources on JLL, please visit our newsroom.

 About Hines

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 240 cities in 27 countries.

Matthew Wheeler 

Hines oversees a portfolio of assets under management valued at approximately $160.9 billion¹, including $81.7 billion in assets under management for which Hines serves as investment manager, and $79.2 billion representing more than 172.9 million square feet of assets for which Hines provides third-party property-level services.

Historically, Hines has developed, redeveloped or acquired approximately 1,450 properties, totaling over 485 million square feet.

The firm has more than 180 developments currently underway around the world.

Robert (Robby) Westerfield

With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world.

 ¹Includes both the global Hines organization as well as RIA AUM as of December 31, 2020.

 

About Big V Property Group

Big V Property Group (BVPG) is a vertically integrated shopping center investment management and property management company, with comprehensive services including leasing, on-site property management, construction management, finance/accounting and marketing. 

Jim Curtin
Utilizing state of the art technical platforms, the company has an excellent track record of providing quality property management and construction management services for over 40 years. 

The management team prides themselves on their attention to detail and expertise in this space and on providing a best-in-class experience for their key constituencies: tenants, shopping center owners and shopping center customers.

 BVPG owns and operate 48 open-air shopping centers totaling over 9 million square feet, primarily the southeastern U.S. For more information, visit bigv.com.

 About Kimco Realty Corp.

Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. The firm is considered one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets.

 Christopher Drew

The company’s portfolio is primarily concentrated in the first-ring suburbs of the top major metropolitan markets, including those in high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week.

 Kimco is also committed to leadership in environmental, social and governance (ESG) issues and is a recognized industry leader in these areas. 

Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value enhancing redevelopment activities for more than 60 years.

Timothy Joyce 

As of March 31, 2021, the company owned interests in 398 U.S. shopping centers and mixed-use assets comprising 70 million square feet of gross leasable space. 

For further information, please visit kimcorealty.com.

 Equity Street Capital

Equity Street Capital is a San Diego-based commercial investment firm focused on achieving attractive risk-adjusted returns while maximizing long-term capital appreciation.

 Equity Street Capital was founded by Than Merrill and Paul Esajian, real estate investors and entrepreneurs known for their real estate investment education company and residential investment firm.

  For further information please visit equitystreetcapital.com.

Than Merrill
About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.

 JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. 

JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of March 31, 2021.

Paul Esajian

 JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 

For further information, please visit jll.com.

 

 






CONTACT:

Kimberly Steele

 JLL Senior Associate

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

hines.com