$60 million in financing secured by JLL Capital Markets for 282-unit multi-housing development in Miami, FL

 

Melissa Rose 

MIAMI, FL, Mar. 11, 2022 – JLL Capital Markets has arranged $60 million in construction financing for The Kavista, a 282-unit, eight-story multi-housing development located in the El Portal neighborhood of Miami, Florida.

JLL worked on behalf of the borrower, Barrington Brothers LLC, to secure the 2.5-year construction loan through Trez Capital.

 The JLL Capital Markets Debt Advisory Team representing the borrower was led by Managing Director Melissa Rose and Director Michael DiCosimo.

Michael DiCosimo

“It was a pleasure to arrange this financing for a sophisticated local developer seeking to deliver a true community-oriented product in one of Miami’s oldest neighborhoods,” said Rose.

“Ben Jacobson at Trez Capital provided seamless execution for Barrington Brothers.”

 Located at 495 N.E. 83rd St., The Kavista is conveniently situated between Miami Shores and Little River in the Village of El Portal.

The Kavista will feature one-, two- and three-bedroom units with refined finishes and community amenities, including a resort-quality pool and deck, barbeque grilling area with outdoor seating, co-working lounge, theater, fitness center and electric vehicle charging stations.

Ben Jacobson

The project’s architectural and landscaping design is contextual, drawing from El Portal's historic Sherwood Forest and bird sanctuary.

Barrington Brothers worked diligently with the Village of El Portal to increase density and height limits, priming El Portal for the continued development of high-quality housing.

 The borrower’s expertise in this area is proven, having developed and stabilized three multi-housing communities totaling 190 units directly across the street from The Kavista.

 The Kavista is within a five-minute walk of numerous community amenities, including grocers, health clubs and Biscayne Medical.

 Located at 495 Northeast 83rd Street,
the 282-unit, eight-story Kavista
 is situated between Miami Shores
and Little River in the
Village of El Portal

The property is also proximate to major thoroughfares, leveraging access to Biscayne Boulevard, SR-934 and I-95 to connect residents to over 60 million square feet of office and commercial space in the greater Miami area.

 The immediate area also benefits from recreation centers and parks. Additionally, The Citadel, featuring 15 restaurants, a rooftop bar and walkable retail frontage, totaling 62,000 square feet of active commercial uses, is within close distance to the property.

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

Contact:

Jenna Sharp

JLL

M +1 214 394 3356

JLL.com

 

JLL Capital Markets expands multi-housing team in San Francisco

Charles Halladay

 

 SAN FRANCISCO, CA – JLL Capital Markets announced that Ryan Wagner, Matt Kroger and Brandon Geraldo have joined the firm’s San Francisco office as Senior Managing Directors, focusing on multi-housing investment advisory transactions in the San Francisco Bay Area, Northern California and Northern Nevada.

Rob Hielscher

The new team joins JLL at a time where there is a growing demand for multi-housing assets within the Bay Area.

According to JLL Research, the region continues to be a dynamic employment market with major growth industries, including big technology, financial services, life sciences and healthcare.

That, combined with the region remaining a top destination for new graduates, has led to an expanding renter pool and supply deficit.

 The team will report to Senior Managing Directors Charles Halladay and Rob Hielscher.

 “We continue to pursue best in class individuals to grow our multi-housing business across the country,” said Halladay.

Ryan Wagner

“We are thrilled to have Ryan, Matt and Brandon lead our multi-housing business in San Francisco and provide unparalleled service and product to our clients.”

 Wagner, Kroger and Geraldo have a combined 47 years of commercial real estate experience that includes the acquisition and disposition of multi-housing assets and development sites throughout the San Francisco Bay Area, Northern California and Northern Nevada.

They were all previously executive vice presidents with another leading commercial real estate firm in San Francisco.

Matt Kroger 

In their new roles, they will oversee JLL’s multi-housing investment advisory business throughout the region, including institutional, middle-market and private-capital transactions.

 Wagner, Kroger and Geraldo have executed dispositions throughout the greater Bay Area with a combined aggregate dollar amount of over $4.8 billion dollars, representing over 9,500 units of existing multi-housing assets, nearly 20,000 units of development site sales and nearly 10 million square feet of commercial asset and development site sales.

Brandon Geraldo 

“We are extremely excited to join the JLL platform and confident that it will amplify our efforts to provide market-leading advisory services to our regional and national clients.” said Wagner.

"The connectivity of service lines and business verticals within JLL is unmatched in the industry, and we are honored to join such an exceptional company.”

 JLL has over 215 dedicated multi-housing professionals in more than 30 markets across the U.S.

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

Contact:

Jenna Sharp

JLL

M +1 214 394 3356

JLL.com

 

BCLP Gets Boost with Addition of Transactional Real Estate Partner Heidi J. Azulay in Chicago

 

Heidi J. Azula

Chicago, IL – International law firm Bryan Cave Leighton Paisner (BCLP) announced that Heidi J. Azulay has joined the firm as a partner in the Chicago office. Azulay joins from DLA Piper.

Frequently recognized in national and regional legal rankings, Azulay concentrates her well-regarded practice on transactional real estate, finance law and proptech. She previously served as U.S. co-leader of DLA Piper’s global proptech practice.

 Andrew Auerbach

“We are happy to welcome Heidi to BCLP, where her extensive experience across the real estate sector will quickly enhance BCLP’s global offerings,” said Andrew Auerbach, regional practice group leader for the Real Estate Practice.

“As we continue to build our Real Estate Practice across our global platform, Heidi’s diverse skillset and deep experience in the sector will enhance our practice.”

 

Contacts:

 Brian Kiefer

312-602-5121 brian.kiefer@bclplaw.com

Leslie Leader Brooks

312-602-5187 leslie.brooks@bclplaw.com 

PEBB Enterprises Adds Robert Mercer as Senior Construction Manager

 

Robert Mercer 

BOCA RATON, FL  -– PEBB Enterprises, a full-service private real estate investment company, expanded its team with the addition of Robert Mercer as Senior Construction Manager. Mercer is based in PEBB’s Boca Raton office.

Mercer brings over 30 years of experience to PEBB as a project manager, with direct experience in commercial and retail construction operations for a variety of tenants on a national scale. He is also skilled in aligning project and budget activities with stakeholder expectations and financial parameters.

Ian Weiner 

Before joining PEBB, Mercer served as a project manager for Kimco Realty Corporation.  Most recently, Mercer worked for Dallas-based commercial real estate group CBRE as a retail project manager.

“PEBB has experienced tremendous growth internally in lockstep with our portfolio growth,” PEBB President and CEO Ian Weiner said. “Robert’s arrival will help us streamline our construction process and improve the quality of the product we deliver for our tenants and the community.”

Mercer is a graduate of ATES Technical Institute in Ohio.

Contacts:

Eric Kalis/Daniel Benjamin

954-370-8999

ekalis@boardroompr.com/dbenjamin@boardroompr.com

 

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

 

https://pebbenterprises.com/.  

Fiesta-anchored retail center in northwest Houston sells

Katherine Miller

 

HOUSTON, TX – JLL Capital Markets has closed the sale of Willowchase Center, a 231,126-square-foot, Fiesta-anchored retail center in northwest Houston, Texas.

The Willowchase Fiesta is the eighth most trafficked Fiesta out of the entire chain of 60 stores in Texas. The 97.22-percent-leased, best-in-class center is also home to a diverse tenant lineup.

The stores include dd’s Discounts, Jo Ann Fabrics and Crafts, Goodwill, Northern Tool and Equipment, Mattress Firm, Family Dollar, America’s Best, Jamboree Dentistry and Metro PCS. Additionally, a non-owned Rooms to Go shadow anchors the property.

 JLL marketed the property on behalf of the seller, Fidelis. Wu Properties acquired the asset.

Ryan West 

Willowchase Center is anchored by market-leading Fiesta, a popular Hispanic supermarket chain headquartered in Houston.

       The Willowchase Fiesta is the eighth most trafficked Fiesta out of the entire chain of 60 stores in Texas.

Th

Situated on 19.53 acres at 12900-12974 Willowchase Dr., Willowchase Center is in a highly visible position seen by approximately 200,000 vehicles per day along SH 249.

Chris Gerard

The center is within a super-regional northwest Houston trade area that includes 90,855 residents within a three-mile radius and a large and growing Hispanic population.

 The JLL Retail Capital Markets team representing the seller was led by Senior Managing Directors Ryan West and Chris Gerard; Director John Indelli and Analysts Katherine Miller, Bailey Black and Grant Rexrode.

 “Demand for retail assets throughout Texas is growing steadily, which highlights the conviction and strong fundamentals in the retail sector,” Indelli said.

John Indelli 

“We’re seeing an abundance of capital chasing retail deals, and there simply isn’t enough product to fulfill investor’s appetite.

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.

Bailey Black 

 About Fidelis

Fidelis is an owner, operator and developer of retail, healthcare and residential commercial real estate projects. 

Fidelis has approximately 16 million square feet of property located in six states. Fidelis is headquartered in Houston with regional offices in Dallas, Texas, and Santa Fe, New Mexico. 

Fidelis’ mission is to maximize the value of the properties they serve for their tenants, customers, partners and communities. To learn more about Fidelis, please see their website at frpltd.com.

 

Grant Rexrode

About Wu Properties

Wu Properties is a fast-growing Houston centric acquirer and manager of retail assets. 

They are Houston based and have been in business for over 12 years. 

They are strategic buyers focusing primarily on the best grocery anchored retail shopping centers or power centers in the various submarkets they target. 

Contact:

 

 

Kimberly Steele
PR, Americas

JLL

M +1 232 244 9994

JLL.com

 

 

JLL invests initial $25,000 in new endowed fund for Florida A&M University commercial real estate students

 

 LaShawn Bates

 MIAMI, FL – As part of its ongoing efforts to increase diversity and inclusion in the commercial real estate industry, JLL announced that its Florida offices have created a permanently endowed fund with an initial investment of $25,000 to support the education of Florida A&M University (FAMU) students interested in pursuing careers in commercial real estate.

 

Located in Tallahassee, FAMU is the highest-ranked public historically black college and university (HBCU) in the country and the only public historically black university in Florida.

 

FAMU recently celebrated its 134^th anniversary and offers courses that provide a strong foundation for a commercial real estate career.

 

The endowment aims to make transaction roles more accessible to new, early-career women and underrepresented brokers deterred from the industry’s commission-oriented structure.

Christopher (Chris) Drew

“One way our industry can improve workforce diversity is to break down financial barriers preventing someone from pursuing a commercial real estate career,” said Senior Vice President of Market Operations in Florida

LaShawn Bates.

“Our goal is to provide FAMU student with greater early career support as they get started in the industry, and we hope our relationship with FAMU, and this fund will be a recruiting source for us.”      

 

“We want to cultivate a love of commercial real estate with the best and brightest minds in Florida, so establishing this financial relationship with FAMU will allow that talent to find us and vice versa,” added Senior Managing Director Chris Drew, Co-Head of JLL’s Miami Capital Markets office. 

 Larry Robinson

“As a result of the relationships that JLL formed with FAMU students during our work with Project Destined, we wanted a way to impact more students, and, when presented with the chance to expand our relationship with FAMU and its students, JLL was excited to do so.”

 

“Commercial real estate represents a significant area of untapped opportunity for our students. Their drive, creativity and passion to succeed are just some of the assets they will bring to this industry,” said FAMU President Larry Robinson, Ph.D. “We thank JLL for its inclusivity and generosity. This is a sound investment in the future of students.”  

 FAMU Cheer Leaders

“We are turning words into action through all of our overall initiatives and commitment to FAMU students specifically through this scholarship,” Bates said.

 “HBCUs, and FAMU in particular, have a long, rich history of graduating some of our country’s trail blazers. Our hope is that the fund helps inspire a new generation of diverse leaders in commercial real estate.”

 

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

 

 

Contact:

 

 Kimberly Steele

PR, Americas

JLL

M +1 232 244 9994

JLL.com

 

 

KW PROPERTY MANAGEMENT & CONSULTING Adds Jason Nieves as Business Development Manager in Tampa, FL

Jason Nieves

 

Tampa, FL -- Jason Nieves is the Business Development Manager for the Tampa Bay Area. He has over 13 years of experience in healthcare operations and sales, focusing on sales development and supporting high-performing sales teams.

 Before joining KWPMC, Jason was Regional Director of Sales & Marketing for Meridian Senior Living. He was also instrumental in the transition of properties through acquisitions and dispositions throughout his career.

Jason earned his Bachelor of Business Administration from The State University of New York at Oswego and his Master’s Degree in Business Administration from The University of Tampa. He is also a licensed Nursing Home Administrator in the State of Florida.

 

Contact:

 

 

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

 

www.kwpmc.com

 

Hold-Thyssen Completes 10-Year Agreement with Seacoast National Bank in Winter Park, FL

 

Darby Hold

  WINTER PARK, FL --- Hold-Thyssen, Inc., a full-service real estate services firm recently completed a ten-year lease agreement at 1031 W. Morse Blvd. for one of Seacoast National Bank’s most successful branches.

Anthony Fisher

The publicly traded company based on Florida’s Treasure Coast with 45 branches in 15 Florida counties has renewed its lease of 11,363 rentable square feet at the sought-after Winter Park location.  

Seacoast National Bank
1031 West Morse Boulevard
 Winter Park, FL

 

Anthony Fisher, Vice President and Darby Hold, Senior Director for Hold Thyssen brokered the transaction representing both the Tenant, and the Landlord, Morse Boulevard Development Associates, LLC. 

 

Seacoast National Bank, with more than $5 billion in assets, recently celebrated 90 years in banking. 

 

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 than 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. 

407-461-3781 beth@larryvershel.com