Thursday, March 24, 2022

JLL Capital Markets leads the sales and financing efforts for Diamond Oaks Village in Bonita Springs, FL

Allison Holland

MIAMI, FL JLL Capital Markets has closed the sale and arranged financing for Diamond Oaks Village, a 160-unit, luxury, age-restricted (55+) senior living community in Bonita Springs, Florida.

 

JLL represented the seller, The United Group of Companies, Inc (“United Group”), in the sale to Castle Lanterra Properties.

 

 Diamond Oaks Village, Bonita Springs, FL


In addition, JLL worked on behalf of the buyer to secure the three-year, floating-rate loan with Square Mile Capital Management.

 

“Diamond Oaks Village is a best-in-class age-restricted seniors housing community that we developed in Bonita Springs,” said United Group President and CEO Michael Uccellini. 


Michael J. Uccellini

“There is nothing else like it in that market and it will continue to provide quality housing for the seniors of Bonita Springs.

 

"As a result of the broad efforts by JLL, we found a buyer in Castle Lanterra that is committed to providing exceptional seniors housing and lifestyle programming for the residents.

 

"Diamond Oaks is a very special seniors housing community with lots of vibrancy, great residents and great staff.”


Cody Tremper

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Directors Cody Tremper and Mike Garbers.

 

The JLL Capital Markets Debt Advisory team representing the borrower was led by Managing Director Allison Holland.


Mike Garbers

Completed in 2017, the property was developed by the United Group. The gated community includes a covered parking garage, fitness center, outdoor pool/spa, dog park, putting green and bistro, bar and pub. 


Diamond Oaks Village offers one- and two-bedroom units averaging 1,036 square feet.

 


Additionally, residents of the community are proximate to multiple shopping and dining centers, as well as 25 golf courses within 10 miles of the property.

 

 

CONTACT

 

 Cierra Lacasse

 JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email:  Cierra Lacasse@am.jll.com

She Has a Deal Announces Hotel Investment Pitch Competition Advances Six Teams to Final Round

 

Tracy Prigmore
 

 

 ATLANTA, GA — Officials of She Has a Deal announced the six finalist teams selected to advance to the final round of SHaDPitch 2022. 

 

 The annual hotel investment pitch competition allows teams of early-career, women hospitality students to compete for the prize of $50,000 in hotel deal equity following the conclusion of a virtual, preliminary round of pitching.


Rebecca DelValle 

The goal of She Has a Deal is to increase the number of women hotel owners and developers, and the organization offers inspiration and education to channel the power of collaboration and mentorship.

Alexandra Vendola

She Has a Deal creates new pathways to hotel ownership and development by exposing participants to the hard-to-find details needed to successfully source, analyze and close hotel real estate investment deals. 

Morgan Mason 

During the preliminary judging round, 10 teams comprised of 20 participants pitched hotel investment acquisition or development projects live on Zoom to a judging panel of top-level hotel business executives, entrepreneurs and investors. 

Brylynn Smith 

The judges evaluated and selected the following six teams, listed in alphabetical order:

 

1.   ART, LLC: Rebecca DelValle and Alexandra Vendola from University of New Haven

 Lauren Graff

2.    3.   ASM Consolidated, LLC: Morgan Mason from Purdue University

4.    5.   L&B Hospitality Consulting: Brylynn Smith and Lauren Graff from San Diego State University

6.    

Lilian Amirfazli

7.   L&J Investments: Lilian Amirfazli, Lily Payne and Jayln Rowley from Michigan State University

8.    9.   Lumine Investments: Shanti Huang and Valerie Feng from California State Polytechnic University, Pomona

 Lily Payne 

Quarters & Halves: Yvana Petros, graduate of George Washington University Elliott School of International Affairs, and Shannah Reagan, graduate of University of Pennsylvania

Jayln Rowley
12.                      

The teams, who started the She Has a Deal process in September 2021, completed more than 30 hours of intensive hotel investment education to learn how to source, evaluate and raise capital for a real hotel deal.


Shanti Huang

Pitches included new construction hotels, acquisitions with complete property improvement plans and conversions of hotels in markets ranging from St. Louis and San Diego to Central Florida and South Georgia.


Yvana Petros

"This year's group of aspiring women hotel investors and developers brought a fresh, diverse perspective to hotel development and strategy.

Ravi Patel

"Their charisma, professionalism and potential to transform the industry shined throughout the competition," said Judge and Chief Executive Officer of SINA Hospitality Ravi Patel.


Geoff Ballotti

She Has a Deal founder, Tracy Prigmore of TLTsolutions, said about the virtual competition:

 

 “In our third year, I remain inspired and impressed by the amount of work and effort our participants put into their projects.  The support of our luminaries and sponsors makes it clear that we have deep support in the industry.”


 Mark Hoplamazian 

Prigmore went on to say, “Everyone has a role to play when it comes to making change.  As the saying goes, ‘It takes a village,’ and we need the entire industry to rally together to accelerate its transformation. 

 

"When more women are owning and developing hotels, the world will experience the brilliance of these women in hospitality, and the industry will explode with innovation.”


Elie Malouf 

The final pitch competition will take place at the Innovation Gallery at Hilton McLean Tysons Corner April 28-29. 

 

The competition will be followed by an awards and networking luncheon at the Hyatt Regency Tysons Corner, where all of the participants will be celebrated. 


Chris Nassetta

This year, the luncheon will include a conversation with the CEOs of SHaD’s hotel company partners, Geoff Ballotti of Wyndham, Mark Hoplamazian of Hyatt, Elie Malouf of IHG, Chris Nassetta of Hilton and Patrick Pacious of Choice.

Patrick Pacious 
 


For more information and to purchase tickets, visit www.shehasadeal.com.

 


CONTACT

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

Ware Malcomb Announces Completion of Crosspoint Building Revitalization in Phoenix, AZ

 

Lynne Orlowski


PHOENIX, AZ, March 24, 2022 – Ware Malcomb, an award-winning international design firm, today announced construction is complete on Griffin Realty Trust’s Crosspoint office building campus at 2022 N. 32nd Avenue in Phoenix, Arizona.

 Ware Malcomb provided the architecture and interior design services for the project.

“This project was a significant transformation of two 30-year-old, four story office buildings in North Phoenix," said Lynne Orlowski, Studio Manager, Interior Architecture and & Design.

“We strategically repurposed existing materials for the project and transformed the buildings into a modern, multi-tenant workplace with attractive amenities.” 


Kevin Evernham

"The result was an integrated office campus and a dynamic, multi-tenant solution in the market, and exactly what the building needed to be viable,” said Kevin Evernham, Regional Vice President.

“We were proud be part of Crosspoint’s revitalization efforts to upgrade the towers for current and future tenants.

The project’s construction was led by general contractor Ryan Companies, and landscape architecture was provided by Norris Design.

 

 

CONTACTS

           

Rachel Reenders

VP Public Relations,

 KCOMM for Ware Malcomb

rachel@kcomm.com

 Maria Rodgers, PR & Communications Manager, 949.660.9128, mrodgers@waremalcomb.com

 

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

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

   

Darby Hold

 

WINTER PARK, FL  --- Hold-ThyssenInc., 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.

 

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.  


Anthony Fisher

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 

 

 

Wednesday, March 23, 2022

Calson Management and RSF Partners launch joint venture for seniors housing project in San Jose, CA

 

 Lillian Roos

SAN FRANCISCO, CA JLL Capital Markets has arranged $31.3 million in construction financing and a joint venture equity partnership for the development of Bascom Senior Living, an 83-unit, 93-bed private pay assisted living and memory care community in San Jose, California.

 JLL worked on behalf of the borrower, Calson Management, to arrange an equity partnership with RSF Partners.

Alanna Ellis

In conjunction with the closing of the joint venture equity arrangement for Bascom Senior Living, JLL secured a four-year, floating-rate $31.5 million construction loan with a bank.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Director Bercut Smith and Directors Alanna Ellis and Lillian Roos.

Bercut Smith

“We greatly appreciate Jason Reyes and the Calson Management team entrusting us to capitalize their development pipeline,” said Smith.

“The interest we had in the opportunity was a testament to the excellent job Calson Management has done building a Bay Area senior housing portfolio over the past 10 years and a well-positioned development pipeline, which we were able to showcase during our marketing processes.”

Jason Reyes 

“We at Calson are beyond excited to partner with RSF and officially break ground on our first project together in what will be a long and harmonious relationship,” Jason Reyes of Calson Management.

“This capital support will help us grow exponentially quicker and more efficiently as we expand our ownership and operating portfolio across California.”

Bascom Senior Living, San Diego, CA

Once completed, the community will offer studio, one- and two-bedroom units featuring a 24-hour emergency response system, private baths with seated showers, closet space and individual air controls.

Future residents will enjoy a variety of on-site community amenities, including designated dining rooms, a hobby room, a spa/salon, a movie theater, laundry facilities, a fitness center, a wine club, a wellness center and patios/balconies.

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

 CONTACT

Cierra Lacasse

PR, Capital Markets

JLL

T +1 602 648 8701

M +1 408 318 8021

JLL.com

Erin Fitzgerald joins JLL’s Minneapolis Capital Markets team

Erin Fitzgerald 
 

MINNEAPOLIS, MN, Mar. 23, 2022 – JLL Capital Markets announced today that Erin Fitzgerald has joined the firm as a Senior Director in its Minneapolis office.

Ms. Fitzgerald will focus on office and industrial investment sales advisory transaction in the Greater Minneapolis area.

 With more than 17 years of experience, Ms. Fitzgerald has advised office owners and investors on repositioning and redevelopment strategies for more than 20 million square feet of real estate across office, industrial and retail property types.

Colin Ryan

“We’re really excited to add someone with Erin’s background to our existing capital markets team in Minneapolis,” said Colin Ryan, Senior Managing Director and co-head of JLL’s Minneapolis Capital Markets team.

“She was instrumental in leading her prior team rise to one of the top firms in the market and we look forward to the contributions she’ll bring to JLL.”

 

CONTACT

Kristen Murphy

 JLL Senior Manager

 Public Relations

Phone: +1 617 848 1572

Email:  Kristen.Murphy@am.jll.com