Thursday, May 20, 2021

Wingspan Development Group, BCDC Break Ground on 34-Acre Hub13 Rental Community in Fast-Growing Oak Creek, WI

Hub13, a planned 34-acre garden-style multifamily
 community at 7581 South 13th Street in Oak Creek, WI
 

OAK CREEK, WI. May 18, 2021 — Wingspan Development Group and Batson-Cook Development Company (BCDC) have broken ground on Hub13, a 34-acre garden-style multifamily community at 7581 S. 13th St. in Oak Creek, Wis.

 

Located just south of Milwaukee off Interstate 94, Oak Creek is one of the fastest-growing cities in Milwaukee County and proximate to one of the most dynamic employment corridors in the Midwest.

 

The joint-venture partnership is delivering 300 apartment units across nine two- and three-story residential buildings. Hub13 will feature resort-style amenities and border an 11.2-acre nature preserve with wetlands.



J. Littleton (Litt) Glover Jr.

 

“BCDC is delighted to embark on Hub13 with our new partner, Wingspan Development Group, a high-quality residential and commercial developer with a leadership team possessing a long track record of success,” said Litt Glover, president and chief executive officer, BCDC.

 

“Given its central location between Kenosha and Racine counties as well as downtown Milwaukee, Hub13 is one of the most coveted multifamily sites in the southeast Wisconsin market,” said Jason Macklin, director of development, Wingspan Development Group.

 

This submarket has experienced extroardinary job growth over the past few years, which has created a positive ripple effect across the area.

 

"Not only will our residents have an easy work commute, but they’ll be walking distance to all of the dining and entertainment options in downtown Oak Creek.

 

BCDC immediately understood the project fundamentals, and we are proud to partner with such a tenured and respected firm on an exciting project like Hub13.”

 


Jason Macklin

The community is located north of the Drexel Avenue interchange of Interstate 94 along South 13th Street, just 9 miles south of downtown Milwaukee and 1 mile from downtown Oak Creek, which is home to numerous shops and restaurants, including three grocery stores.

 

A commercial development known as Highgate is currently under construction immediately south of Hub13, which will create a sense of an urban mixed-use walkable development between the two projects.

 

First Merchants Bank is providing financing for Hub13, while JLA Architects is the architect, Ayres Associates is the civil engineer, and Nicholas & Associates is serving as the general contractor.

 

Hub13 is scheduled to deliver its first units by the end of 2021.

 


WINGSPAN CONTACTS: 

 

 Patty Cronin,

 Taylor Johnson

 pcronin@taylorjohnson.com, (312) 267-4513 

 

Kim Manning, Taylor Johnson, 

kmanning@taylorjohnson.com

(312) 267-4527

 

 


BCDC CONTACT:   

 

Thornton Kennedy, PR South, thornton@prsouth.net

(404) 210-0363

 

Commercial Real Estate Women Orange County, CA Launches Nominations for 10th Annual Spire Awards

Anita Chen

Orange County, CA, May 20, 2021 – The Orange County Chapter of Commercial Real Estate Women (CREW) has announced the launch of nominations for its annual SPIRE Awards program, which recognizes superior performance in real estate by teams and individuals in the Orange County market.

“We are excited to announce that the 10th Annual SPIRE Awards will carry on this fall," says Anita Chen, Debt Originations Analyst at Nuveen Real Estate and Co-Chair of the CREW Orange County SPIRE




  "We are looking forward to bringing new components to the ceremony which includes new branding, new website, and a new event format.

 “After the unexpected year we’ve all had, we’re proud to move forward and give recognition to the individuals and teams whose contributions are instrumental to advancing the Orange County real estate market during these challenging times.”  

Due to the pandemic, the 2020 SPIRE Awards did not take place. The 2021 event will announce the finalists and winners for the 2019 and 2020-2021 nomination periods.

The CREW Orange County SPIRE Awards honor recipients in nine categories, including:

  • Women in CRE
  • CRE Emerging Leader
  • MVP Service Partner
  • New Construction
  • Building Renovations
  • Tenant Improvements
  • Leasing
  • Sales
  • Philanthropy

Nominations for the 2020-2021 period are now open and will be accepted through 5:00 p.m. on September 3, 2021.  To nominate an individual or team, or to receive more information regarding attending or sponsoring the SPIRE Awards Gala, please visit crewocspireawards.com.  

AV Irvine, CA Events Center


Winners will be announced at the SPIRE Awards Gala, which will take place on October 15, 2021 at AV in Irvine.

Commercial Real Estate Women Orange County (CREW Orange County) is a member organization of CREW Network and has been serving Orange County real estate professionals since 1988.  CREW Orange County is a non-profit organization established to promote and sponsor educational and professional activities for its members in the field of commercial real estate. 

 Further information on the organization is available at www.creworangecounty.org.

 

CONTACT:


Miki Akil  |  Kitchen Table Marketing + PR

832.260.4414  |  miki@kitchentablepr.com


Wednesday, May 19, 2021

Cornerstone Collective Names Molly Paschal Hospitality Sales Representative

 

 Molly Paschal 


CHICAGO, IL, May 19, 2021—Officials of The Cornerstone Collective today announced that Molly Paschal has been named hospitality sales representative. 

In her new role, Paschal will be responsible for expanding Cornerstone’s hospitality and procurement business throughout the United States with a focus on select-service through upper upscale and resort properties.

                “With the continued vaccination of the country reassuring the public that it is safe to travel again, the industry is beginning to fire on all cylinders," said Suzie Hall, founder and president, The Cornerstone Collective. 

Suzie Hall

"In other words, a great deal of construction, development and renovation projects are starting to resume.”

                Prior to joining Cornerstone, Paschal was an account leader with Chicago-based Thomas Interiors, where she was responsible for generating more than $3 million annually in sales.  

Previously, she held numerous sales and operational positions with a variety of hospitality companies, including private dining sales & events manager with Union Square Hospitality Group and senior business travel sales manager with Commune Hospitality/Two Roads Hospitality. 

  She received her Bachelor of Science in Hospitality & Tourism Management from Indiana University and an Interior Design Certificate from the NY Institute of Art & Design.

                “This position affords me the opportunity to marry two of my professional passions, design and hospitality,” Paschal said.  “I look forward to using my sales skills and existing contacts as the Cornerstone Collective pursues its aggressive growth goals." 

 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

 

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