The Keyes Company Bolsters Palm Beach Gardens Office with Top-Producing Team led by Ashley Cooper and Marc Schafler

 

 

Eric Sain

PALM BEACH GARDENS, FL – The Keyes Company, Florida’s largest independent real estate firm, expanded its Palm Beach Gardens office with the arrival of a top-producing team led by experienced Realtors Ashley Cooper and Marc Schafler.

 The group joining Keyes generates an annual sales volume of $60 million.

“From gated luxury single-family homes and country club communities to waterfront properties, the Cooper-Schafler team has high-end buyers and sellers covered,” said Eric Sain, District Sales Manager of the Palm Beach Gardens office of Keyes.

“The team strengthens our office and complements our existing group of top-tier associates covering Northern Palm Beach County.”

Ashley Cooper

Previously with Lang Realty, Cooper and Schafler have more than four decades of combined industry experience.

 Cooper brings more than 25 years of experience in real estate sales, marketing and development. 

He founded and developed two exclusive golf club communities in New Jersey and a championship golf course in Aberdeen, Scotland that was ranked No. 64 in the world by Golf Digest in 2018.

 Prior to his real estate career, Cooper was a successful finance and Wall Street executive running global sales and marketing businesses for major firms.

Marc Schafler

Schafler, ranked in the top 1% of all Realtors in Florida, was a Diamond Award winner at Lang Realty for the past five consecutive years and the company’s top producing Realtor in Northern Palm Beach County.

He has more than 23 years of industry experience, with 11 of those years as one of the top Realtors in New Jersey.

The Keyes Palm Beach Gardens office is located at 11290 Legacy Ave.

 

CONTACTS:

Eric Kalis, BoardroomPR

ekalis@boardroompr.com

954-370-8999

 

Daniel Benjamin

Senior Account Executive, BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

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Levin Johnston Completes $9 Milllion Sale of 24-Unit Multifamily Community in one of San Jose, California's Most Sought-After Neighborhoods

 24-unit multifamily asset in Willow Glen,
a prime submarket of San Jose, CA

 

SAN JOSE, CA – Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, announces its most recent multifamily transaction: the sale of a 24-unit multifamily asset in Willow Glen, a prime submarket of San Jose, California.

 The property is located at 51 Glen Eyrie and was sold for a total consideration of nearly $9.1 million. 

 The firm closed out a record year in Q4 of 2021 and is on track to close more than 30 commercial transactions upwards of $300 million in Q1. 

Adam Levin

 Levin Johnston’s Executive Managing Director Adam Levin, Senior Managing Director Robert Johnston, and Vice President of Investments Eymon Binesh represented the seller and procured the buyer in the transaction, both local private investors within the Bay Area.

 “San Jose continues to be one of the most lucrative and highly competitive multifamily markets in the country, as population and employment opportunities rapidly increase,” says Levin.

  “San Jose is the largest city in Santa Clara County.  San Jose’s population is expected to reach over 1 million residents this year as people move to the city in search of employment opportunities.

 

Robert Johnston

"This property is a coveted asset, as it is ideally situated in a central neighborhood that offers quick access to major employers.” 

 Levin notes that San Jose has a uniquely large concentration of high-technology engineering, computer, and microprocessor companies.

 Additionally, despite the pandemic and companies participating in work-from-home schedules, many large employers in the region, such as Apple and Twitter, have inked or renewed new leases as they continue to bring employees back to the workplace safely.  

 “Big tech companies know and understand the value of staying in San Jose, and multifamily investors are recognizing the economic stability that is attributed to the long-term presence of these major employers,” says Johnston.

 “By utilizing our deep knowledge of market trends and demographics, and our strong connections, our team is able to break through the competition and identify and secure assets that will offer investors strong renter demand for years to come.” 

 Eymon Binesh 

 “This property presents investors with an exceptional multifamily asset in one of the most desirable locations in Silicon Valley,” adds Binesh.

“Located within the coveted neighborhood of Willow Glen, residents will be within walking distance to the neighborhood’s historic downtown.

  "Additional appeal comes from Willow Glen’s reputation as one of the safest neighborhoods to live in, boasting some of the highest ratings across diversity, safety, comfort, and local school district rankings.” 

 

CONTACTS:

 

Anthea Davis / Arleeny Escarcega

The Smart Agency, Inc. 
(949) 438-6262 

andavis@thesmartagency.com 
www.levinjohnston.com.  

 

 

Phoenix ranks #2 in U.S. for tech office leasing as sector outpaces all other industries nationwide

Ryan Bartos

 PHOENIX, AZ – Phoenix ranks #2 in the nation for average annual growth rate in tech office leasing – a sector that is now the primary driver of the U.S. economic recovery, according to JLL’s latest research.

 At the beginning of the pandemic, tech employment numbers declined, however losses were minimal by comparison to other industries.

Alexander Quinn

The sector has since made solid job gains with the largest technology companies leading the way.

The top 25 technology companies by market capitalization added more than 600,000 workers from 2020 to 2021.

 Venture capital flows also reached record levels with $121 billion in funding nationwide from January through September 2021, and IPO activity achieved all-time highs during the same period.

Between 2010 and 2020, Phoenix experienced a 27 percent average annual growth rate in U.S. tech office leasing – second only to Raleigh-Durham, which achieved a 33 percent growth rate.

 “Most tech tenants want the absolute nicest projects in town. This has placed metro Phoenix’s newest and best Class A office spaces in high demand, with tech tenants often competing for occupancy,” said JLL Managing Director Ryan Bartos.

Rendering of planned 100 Mill mixed-use project
 in Downtown Tempe, AZ

“When it comes to tech, however, one size does not fit all. Companies who need flexibility can also lean on Phoenix’s large inventory of high-quality sublease space and spec office product.

"The breadth of options here is a characteristic that sets Phoenix apart, allowing companies to deal with return-to-work office scenarios in their own way as they expand to meet what seems like unending demand for their products.”

Watermark project in downtown Tempe, AZ

“COVID-19 has been an accelerant for trends we were seeing prior to the pandemic, leading to increased use and dependence on all things digital,” said JLL Research Director Alexander Quinn.

“What’s interesting is that, despite society’s increased appetite for digital solutions and even their own statements on when they’ll return to the office, big tech has increased its physical office share, indicating that even the most digitally native companies see a value for physical collaboration opportunities.”

 

The Alexander in downtown Chandler, AZ

In fact, major tech companies secured a record 15.3 million square feet of office space since early 2020.

 Over half of the leases signed in the U.S. since Q1 2020 are expansions or new to market transactions.

The larger leases occurred primarily at locations with higher quality amenities and modern, efficient and sustainable work environments, which major tech companies hope will attract workers back to the office.

CASA del Northern community, North Phoenix, AZ 

In Phoenix, Bartos points to new build projects like The Grove on the Camelback Corridor and 100 Mill and Watermark in downtown Tempe, as well as heavily amenitized renovated spaces like CASA in North Phoenix or The Alexander in downtown Chandler as projects attracting significant tech leasing interest.

 Phoenix also remains a center of gravity for talent, generating from its strong educational institutions, high quality of life and creative environment, leading to growth opportunities for companies of all sizes.

CONTACT:

Stacey Hershauer

Phone: +1 480 600 0195

Email: stacey@focusaz.com

 www.jll.com

.

Global lodging industry demonstrates resiliency with a 131% increase in transaction volume; JLL’s latest Hotel Investment Outlook report outlines expected trends as the market continues to recover

 

Gilda Perez-Alvarado

CHICAGO, IL – After a turbulent 2020 the hotel industry saw an acceleration into recovery in 2021, which is projected to continue, despite operational hurdles and inflationary pressures, in 2022.

 According to JLL Hotels & Hospitality’s annual Hotel Investment Outlook, the industry’s recovery has presented new trends for hotel owners, operators, investors and consumers in 2022.

 The Global Outlook

 Global transaction volume totaled $66.8 billion in 2021, a 131% increase from 2020. The Americas was the most liquid region and accounted for nearly 60% of global hotel transaction volume.

  This level of activity marked not only a 269% increase in volume over 2020 but also a 32% increase relative to 2019 activity.

With demand’s uneven recovery across asset classes, investors focused on acquiring luxury or resort assets.

 Assets situated in urban locations remained the most liquid, but the level of activity in 2021 was down 22% from 2019 levels. However, sales activity across assets in resort locations represented a 17% increase compared to 2019 levels.

 Buyer pools diversified in 2021 with private equity groups increasing their investments in hospitality by $25.4 billion over 2020 levels, representing 50% of all transaction activity globally.

“Consumer’s insatiable appetite for experiences, travel and hospitality is fueling unprecedented levels of demand,” said Gilda Perez-Alvarado, Global CEO, JLL Hotels & Hospitality.

  “This, coupled with a relatively muted supply pipeline across major gateway markets, will enable the lodging industry to recover earlier than anticipated, making the sector a great investment opportunity.”

 CONTACT:

Cierra Lacasse

 JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com

JLL Capital Markets facilitates record-setting sale of medical office complex in Newport Beach, CA

Monica Enes

 

NEWPORT BEACH, CA –– JLL Capital Markets has facilitated the sale of Newport Lido Medical Center, a 146,510-square-foot, two-building medical office complex in Newport Beach, California.

Kellie Hill

JLL marketed the property on behalf of an undisclosed seller. Lionstone Investments acquired the property in an all-cash transaction.

Andrew Milne

Located at 351 and 361 Hospital Rd., Newport Lido Medical Center is situated in the world-renowned medical submarket of Newport Beach and is positioned on the campus of 434-bed, Hoag Hospital Newport Beach.

 

The hospital is consistently ranked by U.S. News & World Report as the best hospital in Orange County and one of the 10 best hospitals in California.

 

Evan Kovac

The two-building medical office complex is 100% occupied by a diverse mix of healthcare tenants providing stable and predictable cash flow.

The property is anchored by Hoag Hospital Newport Beach Surgery Center and Prime Surgical Center.

 

The JLL Healthcare Capital Markets team representing the seller was led by Senior Managing Directors Andrew Milne and Evan Kovac, Managing Director John Chun and Director Matt DiCesare, with support from Niema Beglari, Trent Jemmett and Chad Prescher.

 

Senior Director Blake Bokosky and Director Mark DeGiorgio of JLL’s Orange County office provided local expertise. Additionally, Managing Director Monica Enes and Vice President Kellie Hill of JLL’s Healthcare Brokerage team provided local healthcare expertise.

John Chun

“Newport Lido Medical Center represents one of the most significant sale transactions in the history of the medical office sector,” said Kovac.

 

“There are few, if any, single-property medical office sales that have occurred in the sector’s history that rival the profile and quality characteristics embodied in Newport Lido Medical Center.

Those include the irreplaceable location and extraordinary demographics within Newport Beach, on-campus positioning at one of the top medical centers in the country and mix of many of the top tenants and physicians in the world, among other compelling features.”

 

Niema Beglari

“Not surprisingly, we received unprecedented investment demand from a wide range of investor profiles from institutional to ultra-high net worth, which, ultimately, led us to a successful transaction.

 The buyer is a major institution and a brand-new entrant into the medical office sector,” added Kovac.

 

CONTACT:

Cierra Lacasse

 JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com

Western Specialty Contractors Hires Jason Paoli as Regional Business Development Manager

Jason Paoli

 

 St. Louis, MO -- Western Specialty Contractors proudly announces the hiring of Jason Paoli as Regional Business Development Manager in Chicago, IL.

Paoli has 10 years of commercial property management experience. Prior to Western, he served as a Real Estate Services Administrator for CBRE in Northbrook, IL, and as an Assistant Property Manager for NAI Hiffman, Colliers International and Sterling Bay, all in Illinois.

“We are excited to have Jason join Western’s team in Chicago," said Tanya Shepherd, Director of Business Development.

Tanya Shepherd

"His prior experience in commercial property management gives him tremendous insight into the unique needs of facility managers in the Chicago area.

"We are grateful he decided to make the career change and we look forward to hearing his ideas for business development.”

Paoli has a bachelor’s degree in Business Management from Concordia University Chicago and he is a member of the Building Owners and Managers Association (BOMA) and the Chicago Real Estate Network (CREN).

CONTACT:

Jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com

 www.westernspecialtycontractors.com. 

 

 

Stos Partners and Cardinal Industrial Acquire Light Industrial Portfolio Totaling 1.1 Million SF in Indianapolis, IN

Michael McFarland

 INDIANAPOLIS, IN – Stos Partners and Cardinal Industrial, two of the most active commercial real estate investment and management firms based in Southern California, have entered the Midwest market with the acquisition of an approximately 1.1 million square-foot light industrial portfolio in Indianapolis, Indiana.

 The portfolio comprises a total of 34 multi-tenant light industrial properties occupied by a diverse mix of tenants.

 The firms continue to be bullish on industrial assets throughout the country, where trends like e-commerce, onshoring and supply constraints are driving skyrocketing industrial demand, according to Jason Richards, Partner of Stos Partners.

Jason Richards

 “We continue to be nimble and flexible in order to strategically expand our industrial holdings and implement our proven value-add business plans, successfully enacted in several Southern California and Southwest markets,” says Richards.

 “In Q3, Indiana experienced a 2.06 million square foot of positive net absorption, bolstering the growth opportunities behind this investment.”

 The asset was procured off market through close broker relationships, according to Michael McFarland, Principal at Cardinal Industrial.

 “Based off of Stos Partners and Cardinal’s track record of completed transactions and close broker relationships, we were able to secure this opportunity and meet the tight timeline of a year-end close,” says McFarland.

CJ Stos

 The portfolio, which is 95% occupied, was purchased from a private individual who had owned and developed the property over numerous decades and presented the opportunity to capitalize on high demand and bring rents up to market.

 CJ Stos, Principal of Stos Partners, adds: “Part of our business plan will be a focus on implementing a number of capital improvements to modernize and give a fresh look to the properties, which were originally built over the span of roughly 50 years.

 "These updates include roof and parking lot upgrades, along with the improvement or addition of integrative amenities.

Alex Cantu

"Our capital improvements will aid in growing the income of this portfolio overtime, resulting in significant value creation.”

 The portfolio is located in close proximity to a significant population center, with the buildings positioned throughout Northeast and Northwest Indianapolis.

 

Alex Cantu and Alex Davenport from Colliers International represented Stos Partners as the buyer in the transaction.

 CONTACTS:

Katie Haga / Elisabeth Manville
The Smart Agency, Inc.
(949) 438-6262
khaga@thesmartagency.com