Monday, October 18, 2021

Tauro Opens First Office in Greater Phoenix, AZ Area

Stephen Stein
 

 Phoenix, AZ— Tauro Capital Advisors, Inc., a fully integrated financial services company and fiduciary with a diverse background in capital markets of all aspects of commercial real estate, has announced its expansion into Arizona with the opening of its first office at 7014 East Camelback Road, Suite B100A, in Scottsdale.  

 This is Tauro’s first location outside of California.

 The firm is currently headquartered in Los Angeles and has additional offices in San Diego, Orange County, and Sacramento, according to Stephen Stein, Managing Partner at Tauro Capital Advisors.  

 “We have been rapidly expanding year-over-year and are on track to triple in size by the end of 2022,” says Stein.

  “A key reason for our continued growth is our team’s ability to source innovative and competitive debt and equity solutions for a range of clients, even during the economic uncertainty of the pandemic.”  

 

Richard (Rich) Perry

Tauro’s Phoenix office will be led by Lead Advisor, Rich Perry, Senior Advisor at Tauro Capital Advisors.  

 Perry says: “We are actively looking for advisors to join our Phoenix team. 

"Our new office will reinforce our commitment to recruiting talented and passionate individuals who want to be part of a supportive company culture that provides the resources and mentorship necessary for its professionals to seamlessly solve clients’ financing needs and challenges with integrity and transparency.” 

 CONTACT:

 Anthea Davis  

Brower Group 

(949) 981-7700 

andavis@brower-group.com  

 https://www.taurocapitaladvisors.com

Sunday, October 17, 2021

JLL Capital Markets closes $30 million sale of 98-unit Hidden Village apartments in West Linn, OR

Carrie Kahn
 

PORTLAND, OR – JLL Capital Markets has closed the $30.25 million sale of Hidden Village, a 98-unit, garden-style multi-housing community in West Linn, Oregon.

 JLL marketed the property on behalf of the seller, Guardian Real Estate Services LLC. FPA Multifamily acquired the property.

Ira Virden

The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Senior Managing Director Ira Virden, Senior Director Carrie Kahn and Associate Frank Solorzano.

 Hidden Village comprises one- and two-bedroom flats and two-bedroom townhomes averaging 848 square feet.

Units feature stainless steel appliances, fireplaces, upgraded LED lighting, balcony/patio with storage and vaulted ceilings. The community offers a clubhouse, pool, spa, fitness center, covered parking and detached garages.

 Frank Solorzano

Situated at 40010 Robin Pl., Hidden Village is surrounded by a host of expanding manufacturing, educational and healthcare companies, including Clackamas Community College, PCC and Blount.


CONTACT:

 Cierra Lacasse,

JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com

gres.com.

jll.com.

www.fpamf.com.

 

Saturday, October 16, 2021

Graycor Construction Co. Names Timothy F. Hanifin President

 

Timothy F. Hanifin

 OAKBROOK TERRACE, IL – Graycor Construction Company Inc. (GCC), a subsidiary of Graycor Inc., a national leading provider of construction, maintenance, and facilities services, announced Timothy F. Hanifin has been promoted to President.

 

“Tim is a strong leader who embraces the importance we have placed on our culture, our defining business objectives, our core values and ultimately our reputation,” said David L. Wing, President and COO of Graycor Inc.


David L. Wing
 

“Graycor recently celebrated our 100th anniversary, and we are excited to have Tim lead Graycor Construction Company as we embark on our next century in business.”

 

Hanifin began his career with Graycor as an intern in 1995 while attending Northwestern University. In 1998, he joined the company as an Engineer in Graycor’s Engineering Mentoring Program.  


He holds a B.S. in Civil Engineering from Northwestern University and is a graduate of Graycor’s Leader of Leaders program. Most recently, Hanifin served as the company’s Senior Vice President.

 

 

CONTACT:

 Stacey Hershauer

stacey@focusaz.com

 480.600.0195


Ware Malcomb Announces Promotion of Rei Gomez to Regional Director in Miami, FL office

 

Reinaldo Gomez

MIAMI, FL – Ware Malcomb, an award-winning international design firm,announced Reinaldo Gomez has been promoted to Regional Director in the firm’s Miami office.

Gomez is responsible for the growth and operations of the Miami office.

Gomez joined Ware Malcomb in 2016, as a Regional Manager, and has been instrumental in the growth of the Miami office.


Jason Dooley

“Rei is a true steward of the Ware Malcomb culture and has helped us build a strong team in the South Florida market," said Jason Dooley, Principal of Ware Malcomb’s Southeast region.

 "He’s been instrumental in opening new opportunities for us, especially in the cold storage market. We appreciate his dedication and look forward to his continued contributions.” 

His 31 years of architectural design and leadership experience have helped Ware Malcomb expand its capacity and capabilities on the East Coast.

 

CONTACTS:

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

Rachel@kcomm.com 

Maria Rodgers, Public Relations Manager, 949.660.9128, mrodgers@waremalcomb.com

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

 

Blackton Awarded Contract to Supply Flooring Products for Maronda’s Silver Eagle Reserve Community in Groveland, FL Opening in January

Michael (Micky) Blackton

 Groveland, FL --- Blackton Inc., the Orlando firm that ranks as one of Central Florida’s largest distributors of materials to homebuilders has been selected as the supplier of flooring for Silver Eagle Reserve, Maronda Homes’ newest community in Groveland. 

 Michael “Micky” Blackton, chief executive officer, said his firm will provide more than $250,000.00 worth of materials in the construction of 23 new single-family homes, including two model homes that will open for touring this January at the South Lake County community on Silver Eagle Rd. off S.R. 50.      

Construction started at Silver Eagle Reserve and Blackton is supplying tile, hardwoods and carpeting for new homes that range from 1,971 square feet of living area to more than 2,470 square feet. 

The family-owned business headquartered on Alden St. north of downtown Orlando , with locations in south Orlando and Leesburg has been supplying the home building industry from Jacksonville to Tampa for six decades.

 

CONTACTS:

Michael “Micky” Blackton, CEO, Blackton, Inc. 

407-898-2661 Micky@Blacktoninc.com

 Beth Payan, Larry Vershel Communications

 407-644-4142 Lvershelco@aol.com

Friday, October 15, 2021

Entertainment Hub on the Rise: 34-ton 'Octopus' at Planned Branson, MO Boardwalk and $55 Million Aquarium


(IMAGE CREDIT: AQUARIUM AT THE BOARDWALK)

 BRANSON, MO – Outside the Lines (OTL), a design-build construction company that specializes in creating one-of-a-kind water features, fountains, rockwork and themed environments, has announced the construction of a ground-up show fountain in the lake at Branson’s developing entertainment complex, Branson Boardwalk.

 The center’s 12,500 square-foot cascading lake is located along a prime section of the Highway 76 Entertainment District and is adjacent to Aquarium at the Boardwalk.

  This $55 million project, the first attraction developed at the Branson Boardwalk, focuses on fish and fun. Its exterior icon is a giant 34-ton stainless steel octopus sculpture fabricated by Demiurge whose tentacles will soon be tickled by a visually stunning water-effects fountain designed and constructed by OTL.

J. Wickham Zimmerman
 

“Branson Boardwalk and Aquarium at the Boardwalk were designed to meet the demand for fresh offerings in a well-loved destination with more than nine million visitors each year,” says J. Wickham Zimmerman, Chief Executive Officer of OTL.

  "The center showcases the increasing importance of themed entertainment for property owners and developers, especially over the last year and a half, as the retail sector was one of the most impacted by the COVID-19 pandemic.”

 As part of its master plan for the 13-acre property, Kuvera Partners, owner and operator of Branson Boardwalk and Aquarium at the Boardwalk, envisioned a thrilling show fountain as an anchor attraction.

Tej Sundher

 “We visited the show fountain OTL designed and built at The Island in Pigeon Forge and knew instantly something similar would be the perfect fit to drive additional foot traffic and create a more effective sense of place for Branson Boardwalk,” says Tej Sundher, Partner at Kuvera Partners. 

 “This fountain show will both activate the lake at the front of the property and offer an immersive experience for guests throughout the space,” Sundher explains.

 “We are proud and delighted to add this new attraction to the Branson Boardwalk.”

 This one-of-a-kind show fountain will incorporate the property’s existing 34-ton, 55-foot-tall octopus sculpture.

  Made up of hundreds of polyhedral plates and internally illuminated with color-changing LED lights, the octopus will be integrated into the show fountain’s control system; when a fountain show is displayed, the octopus will become an extension of the show.

 Chris Roy

 “Deeper and more subtle immersion is an increasing trend in the world of retail and themed environments,” says Chris Roy, OTL’s Director of Creative Design.

 “By combining carefully designed visual and audio effects with high-level programming and technology, the property’s new show fountain will be visible from everywhere at the Boardwalk, adding a unifying element to the area and magnifying the guest experience.”

 Located at 2700 West 76 Country Blvd. in Branson, Missouri, Aquarium at the Boardwalk is one of the newest attractions in the city and offers 10 zones of “fish and fun” with experiences such as a submarine adventure, jelly infinity room, and mermaid palace, among others.

 In addition to the show fountain, planned for a spring 2022 launch, the property is continuing to add photo-worthy refreshment stands, ultimately creating an entertainment hub.

 

CONTACTS:

Katie Haga and Anthea Davis  

Jenn Quader Brower Group

(949) 438-6262

khaga@brower-group.com


Thursday, October 14, 2021

JLL Capital Markets arranges sale of 220,000-SF distribution center with an investment-grade tenant in Aurora, CO

 

Krystal Arceneaux 

DENVER, CO, Oct. 14, 2021 – JLL Capital Markets announced today that it has closed the sale of a 220,000-square-foot, Class A distribution center fully leased to The Home Depot at 1953 N. Gun Club Rd. in the Denver-area suburb of Aurora, Colorado.

Trent Agnew 
 JLL represented the seller, EverWest Real Estate Investors.

EverWest Executive Vice President and Head of Asset Management Krystal Arceneaux directed the disposition and management of the asset.

“EverWest has been fortunate to participate in this asset since its development. 

"The building's long-term credit tenancy and location in a Class A industrial park were key to maximizing value," Arceneaux said.

"JLL ran a smooth and efficient sale process in an extremely competitive market. We are very happy with their outcome and our ability to pass along this quality asset."

 Senior Managing Director Trent Agnew and Managing Director Larry Thiel with JLL Capital Markets and Managing Director Carmon Hicks with the JLL Industrial Leasing team represented the seller.

Larry Thiel 
The Gun Club Road building was part of EverWest’s $3.6 billion in assets under management. 

This includes a Colorado portfolio totaling more than 2 million square feet of office and industrial space, and 304 multi-housing units.

 The mission-critical facility was constructed in 2012 as a build-to-suit for The Home Depot, which currently operates its Home Depo Pro business line out of this location, which is proximate to a large customer base.

The cross-dock facility features a 32-foot clear height, 44 dock-high doors, low office buildout, ESFR fire protection, secure fencing and 15 trailer parking stalls. 

The building has the potential to be expanded by an additional 60,000 square feet and 24 additional trailer parking stalls on the east end of the 17.22-acre site.

 Carmon Hicks
1953 N. Gun Club Rd. is situated at the highly visible northeast corner of Interstate 70 and E-470, which is a prime logistics location with direct access to Denver International Airport and connectivity to the entire Denver MSA.

Additionally, the facility is within Prologis Park 70, one of Denver’s premiere industrial parks, and within the established I-70 East Industrial submarket, the largest and most intuitionally owned submarket in the Rocky Mountain region.

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

 CONTACT:

Stacey Hershauer

focusAZ 

 P 480.600.0195

www.focusaz.com

everwest.com or gwlra.com

jll.com

 

 

Wednesday, October 13, 2021

Trez Capital Provides $78 Million Construction Financing for Miami, FL Apartment Project

 

Lissette Calderon

  MIAMI, FL – Trez Capital, a private real estate lender helping to build better communities across North America, funded a $78,197,393 construction loan for a 323-unit mid-rise apartment building in Miami’s emerging Allapattah neighborhood. 

 The borrower is Neology Life, a development company led by Lissette Calderon, who has focused her work transforming the Miami River district.

Ben Jacobson

Trez Capital Managing Director Ben Jacobson originated the loan, which closed on October 12, 2021.  Construction has already begun, with the project set to be delivered in mid-2023.

Allapattah sits just northwest of downtown Miami and abuts the famed Wynwood district to the east, offering easy access to major highways and employment centers.  

Julia Tuttle

The 12-story project, known as The Julia, is located at 1625 NW 20th St.   The name pays homage to Julia Tuttle, known as the “Mother of Miami”, who is credited with being the only female founder of a major American city.  

 The building will feature a mix of one- and two-bedroom units ranging in size from 586 square feet to 892 square feet.

 Residents will have access to a host of amenities including a pool with cabanas, rooftop garden with outdoor living, fitness and wellness center, coffee bar, dog park and virtual concierge.

 


Rendering of The Julia Allapattah, a planned
  323-unit mid-rise apartment building in
 Miami’s emerging Allapattah neighborhood

“Lissette Calderon is a pioneering developer who has been extremely successful revitalizing the Miami River district and now breathing new life into Allapattah, one of Miami’s oldest neighborhoods,” Jacobson said. 

  “We are delighted to partner on this exciting project by providing financing for a development that is sure to capture intense interest from the public.”

CONTACT:


BoardroomPR

Eric Kalis 

ekalis@boardroompr.com

Todd Templin

 ttemplin@boardroompr.com

954-370-8999

 www.trezcapital.com

 

JLL Capital Markets closes $34 million sale of Oakland Plaza and Oakland Square in Troy, MI


Amy Sands

CHICAGO, IL – JLL Capital has closed the $34 million sale of Oakland Plaza and Oakland Square, two adjacent regional shopping destinations totaling 391,749 square feet in the suburban Detroit community of Troy, Michigan.

 JLL advised the seller. Continental Realty Corporation acquired the assets.

Clinton Mitchell 

The JLL Retail Capital Markets team representing the seller was led by Managing Directors Amy Sands and Clinton Mitchell and Director Michael Nieder, along with Managing Director David MacDonald with JLL’s brokerage team.

 Oakland Plaza is situated on 17.164 acres at 124, 300 and 268-390 John R. Rd. adjacent to Oakland Square, which is on a 23.48-acre site at 500-650 and 740 John R. Rd. that includes unimproved land for future development.

This highly visible location is near Interstate 75 and exposes the properties to a combined 68,000 vehicles per day at the intersection of 14 Mile and John R. Roads.

Michael Nieder
Located in a dense corridor that is greater Detroit’s top retail destination, the centers are supported by strong demographics that include 269,600 residents earning an average annual household income of $89,000 living within a five-mile radius of the center.

 The properties were originally constructed in the 1970s, 1980s and 1990s, with Oakland Plaza undergoing renovations most recently in 2014.

 The 87 percent leased properties are home to a variety of frugal fashion, fitness-oriented and investment-grade tenants, including T.J.Maxx, Michaels, Planet Fitness, Kohl’s, Bed Bath & Beyond, Ulta Beauty, Five Below, GameStop, Sonic, US Mattress and Sally Beauty.

David MacDonald 
“We are continuing to see strong demand for well-located, stabilized shopping centers situated outside of primary markets.” Sands said.

“Investors continue to migrate into the Midwest in search of yield and product driving pricing to levels higher than pre-COVID.”

 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. 

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.

Oakland Plaza and Oakland Square, 
two adjacent regional shopping
 destinations totaling 391,749 SF
 in the Detroit suburb of Troy, M
I


CONTACT:

Kimberly Steele

JLL Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 

JLL’s Atlanta Capital Markets group hires multi-housing expert Amalia Londono

 

 Amalia Londono 

                  ATLANTA, GA, Oct. 13, 2021 – JLL Capital Markets announced today that Amalia Londono has joined the firm as a Director in its Atlanta office.

Londono will focus on private commercial real estate owners for the successful disposition of multi-housing assets throughout the growing Southeast.

 Londono has four years of experience in commercial real estate and, in that time, has been involved in the disposition and capitalization of more than $2 billion of multi-housing assets primarily in the Atlanta Metropolitan area.

Bill Shippen

Londono was graduated from Kennesaw State University and is a member of Urban Land Institute and Real Estate Association of Latinx Professionals.

 “We are excited to have Amalia join the multi-housing team,” Bill Shippen, Managing Director JLL Capital Markets Atlanta, Multi-housing. “We’re focused on building a dynamic team, led by John Weber and myself, that will grow for many years to come.”

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

 

Contact:

Cierra Lacasse

 JLL Associate,

 Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com