Sunday, September 26, 2021

MC Companies Hires Industry Veteran David Mannion as COO Amid Major Portfolio Expansion

 

David Mannion
 

 PHOENIX, AZ – Supporting a major portfolio expansion plan, full-service multifamily investment, management and development firm MC Companies has hired David Mannion as its Chief Operating Officer.

A 20-year industry veteran, Mannion now serves as part of the MC Companies executive team, adding institutional experience and relationships to grow the company’s multifamily portfolio from 6,500 units to 25,000 units under ownership by 2029.

Ken McElroy

In his new role, Mannion applies expertise in public and private real estate development, acquisitions, portfolio management and capital markets transactions to drive MC Companies operations and oversee portfolio performance, capital raises and joint-venture relationships.

Prior to joining MC Companies, Mannion served as the head of capital markets for a $15 billion, publicly traded REIT, where he raised several billion of institutional capital.

Over the course of his career, Mannion has closed over $7 billion in transactions and managed $24 billion in assets.

“David is a forward-thinking leader with an impressive track record in complex real estate transactions – a valuable combination as we launch our portfolio growth initiative,” said MC Companies Co-Founder and Principal Ken McElroy.


Ross McCallister

“We are thrilled to have him on our team, knowing that he will act as a steward for our investors and employees, and the residents who live in MC Companies communities.”

MC Companies founders McElroy and Ross McCallister have been leaders in the multifamily investment industry for over 30 years.

The company continues to actively pursue new land for development and existing properties for value-add investment.

 

 CONTACT:

 

Stacey Hershauer

stacey@focusaz.com

480.600.0195

www.mccompanies.com.

JLL elevates Luke Vanderpoel to co-lead Freddie Mac platform with Senior Managing Director Steve Henderson

 Luke Vanderpoel 
 

CHICAGO, IL –– JLL announced Luke Vanderpoel has been appointed Senior Managing Director and co-lead of the company’s Freddie Mac platform alongside Senior Managing Director Steve Henderson.

 Vanderpoel has nearly 20 years of experience in commercial real estate with a specialization in Agency debt and Freddie Mac loan programs.

Over the course of his career, he’s been involved in more than $25 billion of commercial real estate transactions, including Freddie Mac originations. He began his career as a Production Analyst with HFF, which was acquired by JLL in 2019.

Steven D. (Steve) Henderson

For the sixth consecutive year in a row, JLL was ranked the #1 Freddie Mac Affordable Housing Lender in 2020.

 JLL also ranked the #3 Freddie Mac Multi-housing Lender by volume in 2020 with year-end transaction volume totaling $9.9 billion.

 “As we continue to focus on our multi-housing business and growing our agency lending platform, it was a natural progression for Luke to move into a leadership role within the group,” said Gerard Sansosti, Executive Managing Director and Co-lead of JLL’s Debt and Loan Sale platform.

“His knowledge, relationships and affable professionalism make him a valuable teammate for our JLL team as well as our multi-housing clients.”

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

Gerard Sansosti

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

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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

 




CONTACT:

Kristen Murphy

Senior Manager, Public Relations, Investor Services

JLL

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

 jll.com

 

JLL Capital Markets closes sale of 279,843-SF Adam’s Dairy Landing in Blue Spring, MO

Amy Sands 
 

CHICAGO, IL – JLL Capital Markets has closed the sale of Adam’s Dairy Landing, a 279,843-square-foot open-air, dominant regional retail center in the Kansas City-area community of Blue Spring, Missouri.

Clinton Mitchell
JLL advised the seller, a private investment fund. Albanese Cormier acquired the asset.

 Ninety-six percent of Adam’s Dairy Landing is occupied by national tenants, including TJ Maxx, Homegoods, Dollar Tree, Ross Dress for Less, Petco, Michaels, Old Navy, Ulta Beauty and Five Below.

Completed in 2010, the property is also shadow anchored by Target and Kohl’s and has room for additional pad site development.

 Situated on over 33 acres at 800 NE Coronado Dr., Adam’s Dairy Landing is located at the southeast corner of Interstate 70 and Adams Dairy Parkway and has exceptional regional draw from the Kansas City MSA, demonstrated by the more than four million visitors over the last 12 months.

Michael Nieder
More than 80,000 residents earning an average annual household income of $95,000 and a buying power of $2.8 billion live within a five-mile radius

 The JLL Retail Capital Markets team representing the seller was led by Managing Directors Clinton Mitchell and Amy Sands and Director Michael Nieder, along with Executive Vice President Jim Gates. 

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


Jim Gates

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

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

  





CONTACT:

 Kimberly Steele

JLL Manager

Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

jll.com.

 

Saturday, September 25, 2021

KAI Build Named 'Missouri Women in Trades 2021 Breaking Barriers Contractor of the Year'

 

From left representing KAI Build: Lynnette Bryant, Gyasi Haynes, Alison MageeShannon Fogerty and Rusty Ellis

St. Louis, MO, -- KAI Build is proud to announce that it has been named the 2021 Breaking Barriers Contractor of the Year by the Missouri Women in Trades (MOWIT) organization.

 

 KAI accepted the award during MOWIT’s Blue Collar Black Tie Awards Gala honoring and celebrating women in the trades on Sept. 17 at the Sheet Metal Workers Local 36 Grand Hall in St. Louis.

 

“KAI Build strives to give women opportunities to achieve higher levels of construction leadership through our hiring process and programs,” said KAI Build’s Director of Project Management Gyasi Haynes.


Gyasi Haynes

“Our culture and our goal is to be the most diverse organization the construction industry has ever seen. "

 

"We are excited to have such great women working at KAI who are leading the way for other women and minorities. We are grateful for all our women team members and all that they do to be a part of the mission and vision of KAI.”

 

Founded in 2008, MOWIT works to expand opportunities for women to enter and succeed in apprenticeship and careers in the construction and building trades in the greater St. Louis area.

 

MOWIT works with employers, unions, educational organizations and other entities to increase women’s equal employment and working conditions.


Rochelle Bonty

The Breaking Barriers Contractor of the Year award is given to the nominee who can demonstrate programs, initiatives and efforts that have supported women entering and succeeding in these programs.

 Nominations were open to contractors that are signatory with any of the St. Louis area unions listed in the St. Louis Construction Cooperative’s Construction Careers handbook.


Generic File Photo

 

KAI Build, which is a member of The St. Louis – Kansas City Carpenters Regional Council, has a workforce that includes 20 percent women, with 25 percent of women in leadership roles. KAI also reported a 20 percent increase in female workforce participation in the last year.

 

“Nothing beats their intentional programs to hire and support women, while going the extra mile to hire women for supervisory positions.

 

"They have shown themselves as excellent, honorable, diligent and committed to the woman mandate,” said MOWIT Board Member Rochelle Bonty.

 

CONTACT:


 jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com


www.kai-db.com

 

 

Friday, September 24, 2021

JLL Capital Markets brokers sale of the fully leased, 163,145-SF, H-E-B-anchored Springdale Shopping Center in northeast Austin, TX

Erin Lazarus
 

 DALLAS, TX – JLL Capital Markets has closed the sale of Springdale Shopping Center, a fully leased, 163,145-square-foot retail center anchored by H-E-B in the northeast part of Austin, Texas.

 JLL marketed the property on behalf of the seller, Forge Capital Partners. EDENS purchased the asset.

Chris Gerard 
Springdale Shopping Center is anchored by a high-performing H-E-B, which is established as Texas’ pre-eminent grocer.

The center is also home to a diverse tenant mix, including Ross Dress for Less, dd’s, Dollar Tree, O’Reilly Auto Parts, Subway, KFC and Wingstop.

These national tenants have a long-standing history at Springdale Shopping Center, and many having below-market rents, offering future rent growth opportunities.  

 Situated on 12.58 acres at 7112-7210 Ed Bluestein Blvd. Springdale Shopping Center houses the H-E-B location that is the furthest east in Austin, allowing the center to pull from an extended trade area that houses 87,339 residents within a three-mile radius with an average annual household income of $73,137 – a 53 percent increase from five years ago.

Ryan Shore

This area has exploded in recent years, with 22 percent population growth since 2010 and even more anticipated over the next five years.

 The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Chris Gerard and Ryan Shore, Senior Director Clint Coe and Analysts Erin Lazarus and Zach Riebe.

 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 and sales advisory, debt advisory, equity advisory or a recapitalization.

Clint Coe
The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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

 

About Forge Capital Partners

Forge Capital Partners is a diversified commercial real estate and investment management company. 

Forge has built a strong track record as an acquirer and operator of commercial real estate, specializing in socially responsible projects through the Southeast. 

 Zach Riebe

Since 2000, Forge and its principals have successfully sponsored and managed four real estate oriented, closed-end private equity funds, and executed over $1 billion in retail and multifamily real estate transactions.


 About EDENS

EDENS is a retail real estate owner, operator and developer of a nationally leading portfolio of 110 places. EDENS’ purpose is to enrich community through human engagement. 

CONTACT:

Kimberly Steele

JLL Manager

Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

jll.com.

edens.com or follow @WeAreEDENS.

 

Thursday, September 23, 2021

JLL Capital Markets completes $168 million sale of eight neighborhood retail assets in DC, Virginia and Maryland

 

Kimberly (Kim) Flores
 

WASHINGTON, D.C., Sept. 23, 2021 – JLL Capital Markets announced today that it has closed the $168.3 million sale of a portfolio of eight infill neighborhood retail assets totaling 695,991 square feet in Washington, D.C., northern Virginia and southern and northern Maryland.

 JLL marketed the portfolio on behalf of the seller, WashREIT.

SOLD: a portfolio of eight infill neighborhood
retail assets totaling 695,991 square feet
in Washington, D.C., northern Virginia
 and southern and northern Maryland.

The portfolio, which is 82 percent leased, consists of two assets in Washington, D.C., two in Northern Virginia and four retail properties in Maryland.

The properties in Washington D.C. include Chevy Chase Metro Center and Spring Valley Village, with 800 S. Washington St. in Alexandria and Concord Centre in Springfield comprising the Virginia assets.

Montrose Shopping Center and Randolph Shopping Center in Rockville; Takoma Park Shopping Center in Takoma; and Westminster Shopping Center in Westminster are all in Maryland.

Stephen Conley
 The properties house a variety of grocery anchors, including Food Lion, ALDI, Giant and Mom’s Organic Market, in addition to national retailers such as Michaels, Mattress Firm, Planet Fitness, Crate & Barrel, Dollar Tree, Rite Aid Liquors and Chick-fil-A.

The properties are in dense, affluent suburbs within the metro Washington, D.C. region where annual household incomes within a three-mile radius average $152,705, and the population within the same range is more than 148,700 residents.

 The JLL Capital Markets team that represented the seller was led by Executive Managing Director Stephen Conley, Senior Managing Director Danny Finkle, Senior Director Jordan Lex and Vice President Kim Flores

 “JLL continues to see strong investor demand for opportunities to acquire retail, especially at-scale,” Finkle said.

Danny Finkle
“The asset class has proven resilient and offers investors appealing risk-adjusted returns in today’s low-yield environment.” 

 “The D.C. Metro area has long been a recession-resistant gateway market,” Lex added. 

“However, booming tech and life science sectors in Northern Virginia and suburban Maryland, respectively, have made well-positioned suburban retail in more demand than ever.”

 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 and advisory, debt advisory, equity advisory or a recapitalization.

Jordan Lex
The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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

  

About WashREIT

 

WashREIT (NYSE: WRE) WashREIT is a multifamily real estate investment trust that is focused on providing quality housing to under-served, middle-income renters in submarkets poised for strong, sustained demand.

 

With a proven track record in multifamily repositioning, WashREIT is utilizing the experience and research from the Washington Metro market to continue its growth as WashREIT geographically diversifies into Southeastern markets.

 

CONTACTS:


Kimberly Steele

JLL Manager

Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

jll.com.

Balderas, McLean, Smith join SPJ Board of Directors

 

Cheryl Smith

INDIANAPOLIS, IN — The Society of Professional Journalists Board of Directors has selected its two appointed members for 2021-22 and approved a third member to fill a vacancy on the board.

Israel Balderas and Cheryl Smith were appointed during Saturday’s virtual board meeting and Danielle McLean was approved to fill the vacancy left by Claire Regan who was voted president-elect earlier this month.

Claire Regan

Smith has been an award-winning multimedia journalist for more than 40 years. A graduate of Florida A&M University, she began working at the Capitol Outlook in Tallahassee and has moved on to several positions with her works appearing in Florida Flambeau, Dallas Weekly, Dallas Examiner, Dallas Times Herald, Westside Gazette, Dallas Morning News and the NNPA Newswire.

The publisher/editor at I Messenger Media LLC, Smith has served as regional director and secretary for the National Association of Black Journalists and president of the Dallas/Fort Worth Association of Black Journalists. 

She sits on Boards of the National Newspaper Publishers Association and SPJ Fort Worth. In addition to chairing the communications department at Paul Quinn College, she has taught at the University of North Texas, Texas Woman's University and Dallas College.


Israel Balderas

Balderas is an Emmy award-winning journalist, attorney and assistant professor of journalism at Elon University. His teaching and research focus on freedom of the press and access to public records influenced by artificial intelligence technologies.

 Prior to his academic appointment at Elon, Balderas taught journalism and media law at Palm Beach Atlantic University, where he also served as the faculty adviser to The Beacon Today, the school’s student-led publication.


Danielle McLean 

McLean is senior editor at Smart Cities Dive, a national online news publication that covers the most impactful news and trends shaping smart cities, and is proudly the first known openly transgender woman to serve on SPJ's Board. 

McLean is a current member and former chair of the SPJ Ethics Committee, where she promotes the tenets of SPJ's Code of Ethics. 

As president of the SPJ New England Chapter and chair of the Freedom of Information Committee, she was a staunch advocate of the free press and the public's right to know, overseeing the development of The Whistleblower Project.

Rebecca Aguilar

“I'm thrilled to welcome Israel Balderas, Danielle McLean and Cheryl Smith to the SPJ Board of Directors,” said SPJ National President Rebecca Aguilar

“They will continue to sharpen our focus on student journalism, diversity and inclusion, attracting new members to SPJ and carrying out the rest of SPJ’s strategic plan.

“The diverse experiences, ideas and enthusiasm they bring to the SPJ board will make SPJ, and journalism overall, stronger and better,” Aguilar said.

Jerry McCormick (Photo by David Poller)

Balderas and Smith replace Jerry McCormick and Bey-Ling Sha as one-year appointees.

Bey-Ling Sha


SPJ promotes the free flow of information vital to informing citizens; works to inspire and educate the next generation of journalists; and fights to protect First Amendment guarantees of freedom of speech and press. 

Support excellent journalism and fight for your right to know. Become a membergive to the Legal Defense Fund or give to the SPJ Foundation.

 

CONTACTS:

Rebecca Aguilar, SPJ National President,

317-361-4134, rebeccaaguilar50@gmail.com

Jennifer Royer, SPJ Director of Communications and Marketing, 317-361-4134, jroyer@spj.org