Donohoe Hospitality Services Announces Senior Promotions

 

Cheryl Haughton 

BETHESDA, MD, Feb., 2022 – Thomas Penny, III, President of Donohoe Hospitality Services, a division of Donohoe, today announced two senior promotions—Cheryl Haughton to vice president, new builds, transitions & major renovations and Michael Golembe to vice president of operations. 

Michael Golembe

In her new role, Haughton will be responsible for working in collaboration with Donohoe’s development team on new hotel developments and hotel openings, while overseeing acquisitions and major hotel improvements. 

 Meanwhile, Golembe will be responsible for optimizing the company’s overall portfolio performance.

 “Donohoe Hospitality Services could not have reached the heights we have today without the dedication and hard work of tireless leaders such as Cheryl and Michael,” Penny said. 

“With more than 50 combined years of hotel experience at virtually every position at the property level before transitioning to corporate roles, Cheryl and Michael epitomize the true spirit of hospitality. 

Thomas Penny, III

 "I am thankful for everything they do and look forward to both helping Donohoe continue to grow.”

Cheryl Haughton

 

A two decade-plus hospitality veteran, Haughton joined Donohoe Hospitality Services in 1992 and most recently was regional director of operations, full service and lifestyle hotels.  

 

Michael Golembe

 

Most recently serving as regional director of operations, focused service and extended stay hotels, Golembe joined Donohoe Hospitality Services as a general manager in 2009.

About Donohoe Hospitality Services

 Founded in 2005, Donohoe Hospitality Services is a division of Donohoe, an iconic real estate service company established in 1884. 

Building on its founders’ 135-year history, Donohoe Hospitality Services has grown to become one of the largest independent hotel management companies in the Washington, D.C.-metro area and is rapidly expanding throughout the U.S. 

 CONTACT:-

 Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

www.donohoe.com/hospitality

JLL Capital Markets closes sale of eight-building light industrial property in Atlanta'sWest Midtown area

Seaboard Park, an eight-building
 light industrial complex totaling
 267,442 SF in Atlanta’s
 West Midtown area.

 

 ATLANTA, GA, Feb. 8, 2022 – JLL Capital Markets has closed the sale of Seaboard Park, an eight-building light industrial complex totaling 267,442 square feet in Atlanta’s West Midtown area.

Maddie Davis

JLL marketed the property on behalf of the seller, a partnership between SilverCap Partners, Weaver Capital Partners and The Seng Company. Link Logistics acquired the asset.

 Seaboard Park is 95 percent leased to six tenants in diverse industries, including Georgia-Pacific, InterContinental Hotels Group, Zep and Door Dash. The property offers the tenants features such as multiple loading positions and ample parking.

Matt Wirth

From its irreplaceable location at 1310 Seaboard Industrial Blvd NW, Seaboard Park’s tenants can reach over 1.5 million people – comprising the majority of their respective customer bases – in under 30 minutes.

The facility is proximate to some of Atlanta’s critical logistical infrastructure, including Interstates 75 and 285, the Norfolk Southern – Inman Rail Yard and CSX Howell yard.

Additionally, it is in Atlanta’s Upper Westside, a rapidly developing extension of West Midtown that provides proximity to Buckhead, Midtown and the Northwest Atlanta suburbs.

Huston Green

The facility is within the Atlanta’s Chattahoochee Industrial submarket, a highly sought-after, infill submarket.

According to JLL Research’s Atlanta Industrial Insight report, this submarket ended the fourth quarter of 2021 with a low 4.1 percent.

Additionally, with no completions and no space currently under construction at the end of 2021, competition for space is high for both tenants and investors attracted to infill industrial product.

 The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by Matt Wirth, Huston Green, Dennis Mitchell, Britton Burdette, Jim Freeman and Maddie Davis, with assistance from Joseph Rogers and Jamie Hargather with Wilson Hull & Neal.

Dennis Mitchell

 “The deep and varied buyer pool for Seaboard Park was evidence of the continued demand for irreplaceable infill industrial assets,” Wirth said.

"Along with the extreme growth potential in rental rate from an industrial perspective, the Upper Westside location also means there’s unique long-term upside and flexibility with the potential for adaptive reuse.

"It’s rare to find those qualities while also having a significant credit story, which the seller was able to put together in leasing the buildings to tenants like Georgia-Pacific, IHG, DoorDash and Saltbox.”

Britton Burdette

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.

Jim Freeman 

About SilverCap Partners

SilverCap Partners is a real estate private equity firm focused on the Southern Sunbelt region of the United States.

 The firm's expertise crosses multiple property sectors with a predominant focus on industrial, residential and office investments.

SilverCap operates in segments of the real estate market where it has high conviction in the long-term demand drivers and believes a combination of capital and operational expertise can serve as a positive catalyst for future value.

 About Weaver Capital Partners

Weaver Capital Partners was formed in 2013 and primarily focuses on value-add real estate. The company was founded by Jay Weaver, who is based in Charleston, South Carolina, and develops office, industrial, retail and mixed-use properties in the Southeastern United States. 

Jay Weaver

During his 25-year history in real estate, he has capitalized on exploiting trends, finding untapped value and avoiding marketplace competition. 

His development experience includes both renovating and repositioning buildings as well as ground up construction. 

Projects include Puritan Mill in Atlanta, Edgehill Village in Nashville and the Cigar Factory in Charleston.

 About The Seng Company

The Seng Company is a private real estate investment firm that is active in acquiring or capitalizing commercial and residential real estate in the Southeast. 

 Joseph Rogers 

The firm seeks opportunistic and value-add investments across all major commercial property types including office, industrial, retail, residential, hotels and mixed-use projects. 

While applying their strict investment discipline, The Seng Company has the ability to provide capital in a broad range of debt or equity structures and positions within a project’s overall capitalization. 

The Seng Company’s success in realizing attractive risk-adjusted returns is rooted in our adherence to an investment discipline focused on value and risk control.

 About Link Logistics

Link Logistics, established by Blackstone in 2019, is a leading national provider of logistics real estate solutions designed to meet the needs of the modern supply chain. 

Jamie Hargather 

The company operates the largest portfolio of high-quality logistics real estate assets located exclusively in the U.S. 

Link Logistics has more than 5,800 customers and 400 million square feet of logistics facilities across key distribution markets, particularly strategic last-mile locations in the U.S.

 Link Logistics has the scale, geographic footprint and logistics expertise, as well as a heightened focus on sustainability to power the supply chain of tomorrow.

 About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 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 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

   CONTACT:

Kimberly Steele

PR, Capital Markets,

 Agency Leasing and

Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com

weavercapitalpartners.com

jll.com.

linklogistics.com.

 

The Real Estate Capital Institute® notes commercial investors scrambling to redefine ownership strategies

John Oharenko

CHICAGO, IL – Inflation reached a 7% CPI in December, the highest level in 40 years.  And the new year, the benchmark 10-year treasury climbed nearly forty basis points, finally settling at about thirty basis points. 

 As a result, real estate investors scramble to redefine ownership strategies under such conditions.

John Oharenko, Director of The Real Estate Capital Institute®, notes "the realty markets continue evolving beyond simple capital budgeting principles by incorporating civic responsibilities as key ownership objectives."

 

Managing income streams surfaces as one of the main targets for inflation control.  Beyond raising revenues at inflation growth rates and internal cost-cutting measures, investors need to pay attention to various other factors, including the following:

 

Legislative Actions:   The recently passed, one-trillion dollar federal infrastructure bill positively affects the industry.  However, local and regional infrastructure funding gaps exist, forcing more municipalities to levy higher property taxes, an ongoing concern. 

 

 As for income opportunities, America faces an extreme housing shortage, at about 2.5 million units.  

 

Policymakers continue expanding workforce and affordable housing ownership and development initiatives, including favorable financing, tax breaks, and other incentives.

 

Civic Responsibilities:  Environmental, Social Governance ("ESG") compliance creates demand for moving beyond profitability as a key performance metric.  

 

Investors focus on creating more sustainable projects for communities to benefit from, based on the theme of "making the world a better place to live." 

 Income and expense management targets better redeployment of human and natural resources by creating a more inclusive and diverse employment base while targeting "green" development.

 

Automation:  Labor shortages, supply chain disruptions, security, and other significant concerns vex investment planning, both short and long term.  

 

Simultaneously, dramatic improvement in "smart" technologies driven by artificial intelligence help tackle some misgivings. 

Overall costs of implementing such technologies are now well within reach of the real estate industry for creating more efficient property operations.

 

The Real Estate Capital Institute® is a volunteer-based research organization that tracks realty rates data for debt and equity yields.  The Institute posts daily and historical benchmark rates, including treasuries, and bank prime.  

 

  CONTACT:

John Oharenko 

john.oharenko@reci.com

Executive Director

director@reci.com / www.reci.com

 

^The   Real Estate Capital Institute^®

Chicago, Illinois USA 60622

Nadel Architecture + Planning Names Anthony Sanchez as a principal and shareholder

Anthony Sanchez

 

 LOS ANGELES, CA, Feb. 7, 2022 – Nadel Architecture + Planning, Los Angeles’ premier architecture and design firm, has continued its strategic expansion and commitment to creating a best-in-class leadership team with the appointment of Design Director Anthony Sanchez as a Principal and Shareholder in the firm, according to Greg Lyon, Chairman of the Board and Principal at Nadel.  

 

Greg Lyon,

“Anthony has helped to drive the elevation of Nadel significantly over the past two years,” says Lyon. “His extensive background in designing and executing large-scale experiential shopping destinations gives him the strong foundation needed to undertake today’s various urban-infill retail and mixed-use projects, for which we are seeing an increasing demand."

 Before joining Nadel as Design Director in 2020, Sanchez served as senior project designer for L.A.-based URW (Unibail-Rodamco-Westfield), where he led the exterior design for the $1.2 billion Westfield Century City project.

  CONTACTS:

Anthea Davis / Elisabeth Manville 

The Smart Agency, Inc.   

(949) 438-6262  

andavis@thesmartagency.com   

  www.nadelarc.com.

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

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

 

 

 

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.