Wednesday, May 4, 2022

She Has a Deal Announces Hotel Pitch Competition Winning Teams

Morgan Mason
 

 McLEAN, VA, May 4, 2022—Officials of She Has a Deal (SHaD), a real estate investment platform that creates new pathways to hotel ownership and development for women, today announced the winners of events held Thursday, April 28, and Friday, April 29.


From left:

Elie Maalouf, Patrick Pacious, Chris Nassetta, Tracy Prigmore, Geoff Ballotti, Mark Hoplamazian


Over the last year, participants in two competition tracks completed more than 40 hours of intensive hotel investment education to learn how to source, evaluate and raise capital for a real hotel deal. 

 

The “Early Career” track was comprised of women either pursuing college and graduate degrees or recent graduates. 


From left:

Morgan Mason, Nichole Wiggins, Tracy Prigmore, Shanttel Liberato, Jessie Glassmire



The “Today’s Woman” track included women who are established in their careers.

 

Held at Hilton’s Innovation Gallery at the Hilton McLean, Virginia, the event was also broadcast on the She Has a Deal website.


From left:

Nichole Wiggins, Tracy Prigmore, Shanttel Liberato, Jessie Glassmire


The competition was followed by an awards and networking luncheon at the Hyatt Regency Tysons Corner, that included a panel discussion with the CEOs of SHaD’s hotel company partners: Geoff Ballotti of Wyndham, Mark Hoplamazian of Hyatt, Elie Maalouf of IHG, Chris Nassetta of Hilton and Patrick Pacious of Choice.


From left:

Geoff Ballotti, Patrick Pacious, Elie Maalouf, Mark Hoplamazian, Chris Nassetta, Tracy Prigmore



Of the six “Early Career” teams that were selected at a virtual preliminary round to move forward to the finals, three prizes were awarded.


Yvana Petros

The Viewers’ Choice award, voted on by the livestream audience, was given to the Quarters & Halves team made up of Yvana Petros, graduate of George Washington Elliott School of International Affairs, and Shannah Reagan, graduate of University of Pennsylvania.


Shannah Reagan

Second place, a cash award of $5,000, was awarded to L&B Hospitality Consulting, comprised of Lauren Graff and Brylynn Smith from San Diego State University.


Lauren Graff 

The grand prize winner was ASM Consolidated, LLC, the company name used by individual pitcher Morgan Mason.  Mason was awarded $50,000 in deal equity through SHaD Prosperity Fund I, a vehicle for investing in women-led hotel projects. 


Brylynn Smith 

A resident of Chicago, Mason pitched a Residence Inn acquisition in Lakeland, Fla.  She plans to pursue a role in real estate development, with a focus on hotels.


Jessie Glassmire

“Participating in She Has a Deal is the best decision I could have made. The experience I have gained is invaluable and I am so happy to have made lifelong connections with other outstanding women along the way,” said Mason.


 Shanttel Liberato 

The “Today’s Woman” competition yielded two prizes, both of which were received by GLoW Investing.  This pitching team was made up of Jessie Glassmire, Shanttel Liberato and Nichole Wiggins, and the team pitched two Hampton Inn properties, located in the Houston metro area and Baton Rouge.  GLoW Investing also won the Viewers’ Choice award for their competition track.


Nichole Wiggins

“We are so grateful for this experience. SHaD has provided a roadmap and resources that we likely wouldn’t have known where to look for. Thank you to Tracy Prigmore for being such an amazing teacher, mentor and partner,” said Nichole Wiggins of GLoW Investing.


Tracy Prigmore 

“I’m so proud of Morgan, Jessie, Shanttel and Nichole.  All of the pitches were excellent, and they really put in the work required to deliver a thorough pitch and stand out. 

Elie Maalouf 

"The world is yearning to experience the brilliance of these women in hospitality,” said Prigmore, founder of She Has a Deal.


“This year’s event was extra special for the women of She Has a Deal. We hosted our first Power in Numbers Panel with the CEOs from five of our hotel brand company partners.


Geoff Ballotti 

"It is imperative that the entire industry join forces with She Has a Deal to raze the roadblocks women face when entering the hotel investment side of the business.

 

"When more women are owning and developing hotels, the industry will explode with innovative growth,” Prigmore said.

 

Applications for the 2023 pitch competition will be accepted starting in June 2022. 


  

 CONTACT:

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com


www.shehasadeal.com.

 

Tuesday, May 3, 2022

Ware Malcomb Announces Construction Completed on Freezpak Cold Storage Warehouse in Elizabeth, NJ

 Kate Lyle
 

 NEWARK, NJ – Ware Malcomb, an award-winning international design firm, announced that construction is complete on FreezPak Elizabeth, FreezPak’s newest 3PL cold storage public refrigerated warehouse, located at 1029 Newark Avenue in Elizabeth, New Jersey.


Ware Malcomb provided architectural and interior design services for the project, which recently won NAIOP New Jersey’s prestigious “Deal of the Year” award for industrial projects

The 140,000 square foot building includes an ammonia-CO2 cascade central plant refrigeration system and 18 docks that allow for 30,000 pallet positions.

“A priority of the design was to maximize building clear height to 66 feet. Since the overall building height was limited to 75 feet, close coordination with the structural and civil engineers was necessary to achieve the design goals,” says Kate Lyle, Director, Industrial Cold & Food. 

 Edward Mayer II

 The site is located between two jurisdictions – Newark and Elizabeth and required close coordination between both municipalities.

 “With this new facility, the warehouse industry expands outside of the port area, and we had the opportunity to revitalize a strategically located industrial site,” said Edward Mayer II, Principal, Architecture, for Ware Malcomb.

 “We were proud to partner with FreezPak, Elberon Development, Industrial Building Group and the whole team to bring this project to fruition.”

CONTACTS:

 Rachel Devany

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 

 

http://waremalcomb.com/news 

 Ware Malcomb’s Brand Video at youtube.com/waremalcomb

.

Photography credit: David Margolis

JLL Capital Markets represents CIM Group and Open Realty Advisors in the sale of the 15-building retail portfolio in Dallas, TX.

  

Erin Lazarus 

DALLAS, TX, May 3, 2022 JLL Capital Markets announced today it represented a CIM Group-fund and Open Realty Advisors in the sale of the partnership’s 15 standalone and strip retail buildings totaling 123,960 square feet along the dynamic and pedestrian-friendly Henderson Avenue in Dallas, Texas.

 

Financial details of the deal were not disclosed.

 

Acadia Realty Trust acquired the asset in its entry into the Dallas-Fort Worth market.


Beth Copeland

The JLL Retail Capital Markets team representing the seller was led by Senior Managing Directors Ryan Shore, Chris Gerard and Co-Head of JLL Retail Capital Markets Barry Brown, Associate Erin Lazarus and Analyst Beth Copeland.

 

The same team along with Senior Managing Director Todd Savage completed the sale of Knox Park Village on behalf of the seller earlier this year.


 Ryan Shore

Property tenants include Sprouts Farmers Market and an eclectic mix of service-oriented and locally inspired retailers, restaurants and night life such as Warby Parker, The Skellig, Tecovas, Bonobos, and CorePower Yoga brought to the area by CIM Group and Open Realty Advisors. The portfolio also includes several parcels for future development opportunities.

 

The portfolio spans over a mile within Dallas’s urban core and within the highly sought-after Henderson Avenue district, which has evolved over the last 20 years into one of Dallas’ premier mixed-use neighborhoods.


Chris Gerard
The trendy district is surrounded by desirable, affluent residential communities and near Southern Methodist University’s more than 12,000 students.


According to JLL’s Retail Capital Markets team in Dallas, “Henderson Avenue has emerged as Dallas’ ‘cool-street’ retail destination, where young, millennial residents are drawn to the mix of digitally native brands and trendy local restaurants that the ownership team brought to this east Dallas neighborhood.” 

 

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.


Barry Brown



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

 

About CIM Group


CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 


Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. 


CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. 


 Todd Savage 

CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. 


About Open Realty Advisors


Open Realty Advisors develops and invest in the communities where they have worked for over three decades, leveraging their relationships and collective experiences to identify the next opportunities to create transformative places. 


CONTACT:

 

 Kimberly Steele

 JLL Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com


 acadiarealty.com.

 jll.com.

 cimgroup.com.

 

INDICAP AND AECOM-CANYON PARTNERS ENTER THE PHOENIX, AZ MARKET WITH 113 ACRES and 1.6 MILLION SF OF PLANNED INDUSTRIAL IN MESA GATEWAY SUBMARKET

$48 million acquisition of two parcels
totaling 113 acres in the Eastmark
 master-planned community located
 in the Mesa Gateway submarket

 PHOENIX, AZ - IndiCap, a newly formed boutique commercial real estate company specializing in industrial investment and development in the Arizona and Nevada sectors, in a joint venture with AECOM-Canyon Partners, announced its entry into the Phoenix real estate market with the recent $48 million acquisition of two parcels of land totaling 113 acres in the Eastmark master-planned community located in the heart of the Mesa Gateway submarket.

Pat Harlan
 The project, Eastmark Center of Industry, will contain 10 buildings totaling over 1.6 million square feet of mid-bay and cross dock industrial buildings.

 Cornerstone companies assisting in the land acquisition and development include Layton Construction, Kimley Horn, Deutsch Architecture and Snell & Wilmer.

 Pat Harlan, Steve Larsen and Jason Moore from the Phoenix office of JLL represented IndiCap in its site selection and land acquisition.

 Formed by real estate industry leaders Mike Chernine and Jason Kuckler, the IndiCap development team brings over 100 years of collective experience to the Arizona and Nevada real estate markets.

Steve Larsen 
 Todd Ostransky, IndiCap’s senior vice president of development (AZ) and Aaron Asmus, development manager (AZ), will lead upcoming Arizona projects including the recently acquired parcels of land.

 Ostransky is known for his work in the Arizona market and brings over 25 years of experience and a background in bids, negotiations and preconstruction management.

 Asmus brings over 20 years of national development management services experience.

 AECOM-Canyon Partners, a joint venture partnership between AECOM Capital, the real estate investment arm of global infrastructure firm AECOM, and Canyon Partners Real Estate, the real estate direct investing arm of Canyon Partners LLC, a global alternative asset management firm, is providing joint venture equity capital as well as best-in-class development expertise to the project.

Jason Moore
 “We are excited to kick off our first project in Phoenix’s burgeoning commercial real estate market,” said Jason Kuckler, one of the principals at IndiCap. 

“This location was strategically selected to allow for easy access through multiple freeway entrances and it offers an incredible opportunity to lease and purchase buildings amongst some of the biggest household names.

  "We see Phoenix as an industrial juggernaut in the Western U.S. which could quickly mature into a core market.” 

Mike Chernine 
 Buildings at Eastmark Center of Industry will range from 83,200 square feet to 426,400 square feet with 30’ to 36’ clear height and 160’ to 500’ building depth.

 Future phases may include the opportunity for build-to-suit. The project is located within the Elliot Road Technology corridor, minutes from a full-diamond interchange at Santan Loop 202 and Elliot Road, as well as the State Route 24 extension.

 “This Class A project will meet the needs of a wide range of corporate and advanced manufacturing users, from pharmaceuticals to the semiconductor industry,” said Moore.

Jason Kuckler
 “JLL research shows that metro Phoenix ended 2021 with the strongest leasing activity on record, with almost 26 million square feet of space leased.

 "The Southeast Valley represented 47.8% of those deals. This is a region that is primed for growth and IndiCap is well positioned to take advantage of, and continue to drive, that growth.”

 Through their strong local relationships, the IndiCap team will continue their pursuit of prime industrial land in the Phoenix metroplex throughout 2022 and beyond.

 Todd Ostransky
 IndiCap has multiple new industrial projects in its pipeline totaling 37 buildings with over 8 million square feet spread out through the Loop 303 Corridor, Central Phoenix, Mesa, Gilbert and Casa Grande.

 About IndiCap

 IndiCap, founded in 2021, specializes in industrial investment, development, consulting, and management services in Arizona and Nevada, with growth and expansion plans across other Western States.

 IndiCap's scope consists of site selection, design, site plans and construction, finance and budgets, and full development services. 

Aaron Asmus
 About AECOM-Canyon Partners

 AECOM-Canyon Partners is a joint venture between AECOM Capital, the real estate investment management arm of global infrastructure firm AECOM, and Canyon Partners, LLC, a global alternative asset management firm with over $27 billion in assets under management.

 AECOM-Canyon Partners was established to develop large-scale, institutional quality commercial real estate projects in top U.S. markets. 

In addition to capital, AECOM-Canyon Partners provides best-in-class design, construction management and engineering expertise as well as credit support for its development partners.

 CONTACTS:

 Stacey Hershauer

focusAZ 

P 480.600.0195

www.focusaz.com

 Stephanie Ceccarelli, MassMedia

sceccarelli@massmediacc.com

702-433-4331

 AECOM-Canyon Partners

Kris Cole

Pro-canyon@prosek.com

310-652-1411

 

 https://www.aecomcanyon.com/.

indicapinc.com.

 

Monday, May 2, 2022

Cloud Apartments Hires Matthew Rapa as Director of Construction

 

Matthew Rapa

SAN JOSE, CA – Cloud Apartments, a product company that builds a signature line of prefabricated apartments to drive down the cost of housing and drive up the quality for its renters, announced this week the hiring of Matthew Rapa as the Director of Construction.

 

 Matthew will lead the construction of Cloud Apartments’ prototype units and use his experience in modular construction to further its patented snap technology for installing prefabricated units on site.


Curtis Wong

Curtis Wong, Founder and CEO of Cloud Apartments, said, “I feel so fortunate to have Matt as our first hire at Cloud Apartments. Matt has installed about 1,000 modules during his career.

 

"With his construction expertise, he is single-handedly building our prototype apartment units and adding his real-world experience as we design our proprietary snap connection systems.”


Rapa is a licensed General Contractor and comes to Cloud Apartments with experience in the commercial real estate and construction industries. 


Cloud Apartments will launch its first apartment in 2024 

His professional background includes working as the  Senior Modular Superintendent of RAD Urban in Oakland, CA and running his own construction company through project management and consulting.  

 

Cloud Apartments will launch its first apartment in 2024 and is currently seeking partnerships with developers to participate in its feasibility study

 

CONTACTS:

 

Bailey Green 

bailey@tamaraedwards.co

 

Tamara Edwards, 1510 North Elston #3f, Chicago, IL 60642

Tamara@Tamaraedwards.co 

 

https://www.cloudapartments.com/.

Brian K. Watson, VP at CrossMarc Services, Earns Prestigious CCIM Designation


  Brian K. Watson

WINTER PARK, FL -  Brian K. WatsonCCIM, MBA, a vice president at CrossMarc Services based in Winter Park, has been awarded the Certified Commercial Investment Member (CCIM) Designation from the CCIM Institute, recognizing him as an expert in the disciplines of commercial and investment real estate.  

 

Stephen R. Rigl

CCIM Institute, headquartered in Chicago, is a commercial affiliate of the National Association of Realtors. Its members are responsible for an approximate $400 Billion annually of real estate transactions globally. 

“We are so proud of Brian and hope his leadership will inspire more diverse students and young professionals to pursue their CCIM designation,” said Florida CCIM Chapter President Stephen R. RiglCCIM, MBA.

 

“Brian is a leader in the diversification of commercial real estate, as well as one of the brightest in the industry,” said John CrossmanCCIM, founder and president of CrossMarc Services.

 

John Crossman
 “We are proud of Brian’s accomplishment which is a testament to his business acumen, negotiation skills and enterprising perseverance.  

"We look forward to his continued successes and contributions that enhance our growth and the services our clients receive.”


Among the more than one million residential and commercial real estate professionals in the United States, only an estimated 7 percent hold the CCIM designation. 


 Watson is now among that small minority with this prestigious designation.  

 


CONTACTS:

 

Brian K. Watson, CCIM, MBA, VP Commercial Real Estate Advisory, Brokerage, Investment Sales and Leasing, CrossMarc Services, LLC, 1011 N. Wymore Rd., Winter Park, FL 32789; 407-794-9393 or bwatson@Crossmarcservices.com 

 

John CrossmanCCIM, CRX, President, CrossMarc Services, LLC;  1011 N. Wymore Rd., Winter Park, FL 32789 jcrossman@crossmarcservices.com 

or 407-794-9393 

 

Beth Payan, Larry Vershel Communications, Inc. 2433 Lee Rd., Winter Park, FL 32789; 

407-461-3781; beth@larryvershel.com