Ware Malcomb promotes Kevin Evernham to regional vice president and Eric Zitny to director, regional operations in Phoenix, AZ office

 

Kevin Evernham 

 

PHOENIX, AZ, May 12, 2022 – Ware Malcomb, an award-winning international design firm, announced that

Kevin Evernham has been promoted to Regional Vice President of Ware Malcomb’s Southwest Region and Eric Zitny has been promoted to Director, Regional Operations.

In Evernham’s role, he joins the firm’s executive team and is responsible for the overall growth and management of the region, which includes the firm’s Phoenix, Dallas and Houston offices.

Matt Brady

“Kevin has proven himself time again as a dedicated leader,” said Matt Brady, Executive Vice President for Ware Malcomb. 

“He has earned the trust of our esteemed clients and team members, led the impressive growth of the Phoenix region and mentored many of our leaders across the firm. We congratulate him on this well-deserved promotion.”

Evernham joined Ware Malcomb’s Phoenix office in 2012, as a Senior Project Architect and, six months later, was promoted to Regional Manager. 

 In 2015, he was promoted to Regional Director and in 2017, to Principal. In the past year, he assumed leadership of Ware Malcomb’s Southwest Region and in partnership with his leadership team, grew the company’s Southwest Region nearly 100%. 

Eric Zitny

Eric Zitny joined Ware Malcomb’s Phoenix Architecture Studio in 2011 as a Production Coordinator.  In Zitny’s role, he oversees firm operations for the same region.

In the past eleven years, he has become a valued leader, managing the operations of the Phoenix office, overseeing regional operations across the Southwest, managing many projects, and leading the firm’s Revit adoption in 2013. 

“Eric has directly contributed to the rapid growth of our Phoenix office, and we are grateful for his contributions,” said Evernham.

 “He has set the standard of collaboration with the Southwest Region office leaders, and his inquisitiveness, positivity and energetic attitude are invaluable.”

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

 

IEC Appoints Brendan Gibney to Director of Investments

 

Brendan Gibney

 Los Altos, CA, May 11, 2022 – Institutional fund manager and value-add investor Interstate Equities Corporation (IEC) has announced the appointment of Brendan Gibney to Director of Investments as part of the firm’s commitment to strategic, ongoing growth.   

 With the promotion, Gibney, who previously served as the IEC’s Vice President of Acquisitions, will further deepen his integral role and lead the firm’s acquisition activity, according to Marshall Boyd, Co-President and Chief Investment Officer of IEC. 

 “Brendan started at IEC six years ago as a Senior Associate and has since taken on greater responsibilities within the company," says Boyd.

 Marshall Boyd

 

 "As Director of Investments he will lead the investments team in cultivating opportunities that align with our strategy as a thoughtful fiduciary and member of our investment committee.

 “Brendan has shown a commitment to the firm, our culture and the mission of serving our investors. This is an exciting moment for both him and the firm.”  

 Prior to IEC, Gibney was at Partners Group based in their San Francisco office covering North American real estate.

 Previously, he was on the Investments Team at The JBG Companies (now JBG-Smith) where he acquired, sold and recapitalized properties across all asset classes.

 Gibney graduated from the University of Georgia with a B.B.A. in Management. 

CONTACTS: 

 
Anthea Davis / Lexi Astfalk  

The Smart Agency, Inc.  

(949) 438-6262  

andavis@thesmartagency.com   

RKW RESIDENTIAL Secures Four Hotel-to-Multifamily Assignments from Blaze Capital Partners

 

Marcie Williams

Charlotte, NC, May 11, 2022 - RKW Residential, one of the nation’s fastest-growing multifamily management firms, is expanding into the burgeoning hotel-to-multifamily conversion sector with the assignment of four such projects from developer Blaze Capital Partners.

  RKW is overseeing new Spoke-branded conversions in its home base of Charlotte and Georgia.

 

Hotel-to-multifamily conversions gained steam during the pandemic as an efficient and cost-effective way to address the housing affordability challenge. Blaze has been at the forefront of the trend.

 With intense demand for rental product in major metropolitan areas throughout the nation, such conversions are now considered a long-term solution.

“We are excited about this new partnership with Blaze, which is transforming former hotel properties into vibrant apartment communities,” RKW CEO Marcie Williams said. 

“We are bullish on the viability of hotel-to-multifamily conversions. These Spoke-branded projects in Charlotte and Georgia are already generating tremendous pre-leasing interest.”

 The four projects all involve the conversion of former extended-stay hotels.

 

In Charlotte, RKW is actively leasing the Spoke at McCullough Station and Spoke at Tyvola communities. Spoke at McCullough Station is a 124-unit community with studio apartments and one-bedrooms next to the University of North Carolina-Charlotte.

 The Spoke at Tyvola is the repositioning of a hotel as a 116-unit community with studio, one and two-bedroom apartments. It is located within the Southwest submarket of Charlotte. Blaze acquired both Charlotte properties in 2021 and is investing several million dollars in capital improvements into the buildings.

 

In Atlanta, Blaze is converting a hotel into the tech-oriented Spoke at Peachtree Corners. Located within Atlanta TechPark, Blaze is making major interior upgrades and incorporating smart-home and tech-based work-from-home space into the 92-unit community.

 Blaze is also converting a hotel in Savannah’s historic downtown district into the 106-unit Spoke Savannah, a garden-style community in one of Georgia’s fastest-growing markets.

 CONTACT: 

 Eric Kalis

Vice President

 BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

Bank of America Plaza |

 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

www.rkwresidential.com

Vestar to develop upscale retail center at Verrado in Buckeye, AZ

 

 Susan Bansak

 PHOENIX, AZ, May 10, 2022 – Vestar, the largest privately held shopping center owner, developer and manager in the western United States, announced that it is partnering with DMB Development, the master developer of Verrado, an 8,800 acre master-planned community, to create a dynamic retail center at the front door of the Verrado community in Buckeye, Arizona.

The Vestar team is planning for a retail development called Verrado Marketplace, that will include over 500,000 square feet of commercial space.

 “We believe Vestar is the perfect partner to develop a primary town center of Verrado,” said Susan Bansak, Chief Executive Officer of DMB.

 “Both companies are driven to create thoughtful and inspiring places, and we look forward to a successful collaboration.”

David Larcher

The Marketplace will be developed at the northeast corner of Verrado Way and I-10.

 “Verrado is a truly special place,” said David Larcher, President & CEO of Vestar.

 “For over 30 years, we have developed successful retail environments that become important gathering spots and economic hubs for their community, and Verrado Marketplace will be no different.

 "We are excited to be partnering with a visionary company like DMB and especially to be developing at the front door of the Verrado community.”

Planned Verrado Marketplace, at the front door of the Verrado community in Buckeye, AZ, will include over 500,000 square feet of commercial space.

 CONTACT: 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

Vestar.com.

 verrado.com or dmbinc.com 

 

New York real estate investor Sason acquires Willow Creek Corporate Center for $25 million; plans renovations and rebranding

 

Lynn LaChapelle

SAN DIEGO, CA, May 10, 2022 – JLL Capital Markets has closed the $25.30 million sale of Willow Creek Corporate Center, a three-story office building totaling 121,415 square feet in the Scripps Ranch submarket of San Diego, California.

Sason purchased the asset, it’s second acquisition in San Diego in the past three months.

Willow Creek Corporate Center,
 renamed  Canvas on Willow, San Diego, CA

 Rebranded as Canvas on Willow, Sason will begin immediately on a $2 million repositioning that will include constructing a new tenant lounge and fitness center complete with rollup doors and access into the courtyard, completely modernizing the building’s central courtyard to create an indoor/outdoor environment for tenants to work, relax and enjoy, updating the HVAC system and controls and modernizing bathrooms throughout the asset.

David Rottenberg

“San Diego’s I-15 Corridor continues to be a growing business hub with a diverse tenant mix and strong labor pool,” said David Rottenberg, Principal, Sason. 

“At Canvas on Willow, we’re creating a more dynamic indoor/outdoor work environment which appeals to the new generation of employees, fostering creativity, energy and collaboration.”

Richard Gonor

Leading the leasing efforts at Canvas on Willow are JLL’s Richard Gonor and Tony Russell.  

The office property can accommodate a wide range of users from 3,019 square feet to 17,183 square feet. 

 “San Diego’s I-15 office submarket has been resilient since the start of the pandemic,” said Gonor, JLL Executive Vice President.  “Companies are looking for new and redeveloped properties that appeal to their employees.”

 Canvas on Willow is located on 6.06 acres close to the Scripps Ranch Technology Park and the 15 Freeway in the 1-15 Corridor of San Diego.

Tony Russell.  

The submarket is home to numerous life sciences, communications, tech, defense and financial services industries. 

Partially renovated in 2020, the asset features three 40,000-square-foot floorplates.

On-site amenities include private balconies, an interior courtyard and lockers and showers on the ground floor.

The asset was 71% leased to 10 tenants when Sason entered into contract and through creative leasing efforts led by JLL, occupancy increased to 100% across 12 tenants by closing.

 JLL Capital Markets led by Managing Directors Bob Prendergast and Lynn LaChapelle marketed the property on behalf of the seller, a joint venture between Harbert Management and Cypress Office Properties.

 “The sale represents a well-timed execution by both Buyer and Seller as investors continue to place San Diego among the top tier markets in the country,” commented LaChapelle.

 

Bob Prendergast 

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.

 Jones Lang LaSalle Americas, Inc. (“JLL”) is a real estate broker licensed with the California Department of Real Estate, license #01223413.

 CONTACT: 

Kristen Murphy

 JLL Director

 Public Relations

Phone: +1 617 848 1572

Email:  Kristen.Murphy@am.jll.com

sasonorg.com.

jll.com.

 

CRE Finance Leader Alex Walenta Joins Developer Fifield Companies as Executive Vice President and Head of Asset Management

 

 Alex Walenta

 

 CHICAGO, IL, May 10, 2022 — Chicago-based national developer Fifield Companies announced today that it has hired commercial real estate finance leader Alex Walenta as executive vice president and head of asset management.

 

“With nearly two decades of experience in the multifamily sector, Alex joins Fifield with deep expertise in everything from asset and portfolio management to acquisitions, dispositions, financing and mixed-use development,” said Erin Spears, president of Fifield Companies (“Fifield”).

 

“The versatility of her background dovetails perfectly with the Fifield formula of engaging top talent who have the know-how and desire to be involved in every aspect of the development process.”

 

Walenta spent more than six years at Goldman Sachs, where she was most recently vice president of multifamily asset management in the firm’s Dallas office.

Erin Spears

During her time at Goldman Sachs, she oversaw more than $7 billion of multifamily real estate and led dispositions of over $3.14 billion. 

 

Prior to Goldman, Alex began her career with Archon Group and then spent time at Equity Residential and UDR, two leading multifamily real estate investment trusts. 

 

Walenta graduated from Southern Methodist University’s Cox School of Business with a bachelor’s in Finance and received her MBA in Real Estate from the Daniels College of Business at the University of Denver.

 

 

CONTACTS: 

Traci Failla, tfailla@taylorjohnson.com

(312) 267-4516

 

GretchenMuller

 gmuller@taylorjohnson.com

(312) 267-4511

 

www.fifieldco.com.

 

IBorrow provides $20 million in financing for acquisition of 232-unit multifamily property in Dallas, TX

 Brian Good

DALLAS, TX – iBorrow, a nationwide private direct lender for commercial real estate, has provided a $20 million loan to support the acquisition of a 232-unit garden-style multifamily community at 4542 W Kiest Boulevard in the Oak Cliff neighborhood of Dallas, Texas, according to Brian Good, CEO of iBorrow.

 “The borrower had the opportunity to purchase an exceptionally well-located multifamily property within the continuously growing market of Dallas,” explains Good, noting the community’s proximity to several major thoroughfares and employment centers.

232-unit garden-style multifamily community
at 4542 West Kiest Boulevard in the
Oak Cliff neighborhood of Dallas, TX 

 “The asset was recently renovated under previous ownership, further enhancing the strength of this investment and the borrower’s ability to capitalize on current and future demand for quality rental housing in Dallas.”

 Good notes that the Dallas-Fort Worth market will soon lead the nation in in-migration, as it is expected to surpass 70,000 new residents this year.

 According to a recent report, as a result of people relocating to this metropolitan area, apartment absorption will exceed deliveries in 2022, producing downward vacancy pressure and sustaining rent growth.

 “We’re highly confident in the borrower’s business plan as rent growth in the area continues to surge to record highs,” says Good.

 “In order to meet the compressed timelines of today’s market and seize this rare and highly competitive acquisition opportunity, the borrower required quick, reliable financing that our team was able to confidently deliver.”

 CONTACTS: 

Katie Haga / Elisabeth Manville

The Smart Agency, Inc.

(949) 438-6262
khaga@thesmartagency.com

Alliant National Announces the Hiring of Justin Tate-Johnson as National Production Manager

 

 Justin Tate-Johnson 

Longmont, CO, May 10, 2022 – Alliant National Title Insurance Company, the title insurer that is uniquely responsive to the needs of independent agents, announces the hiring of Justin Tate-Johnson as National Production Manager.

Debra Coffie “Having Justin join our team is a huge achievement for Alliant National,” said Debra Coffie, SVP, Florida Regional Manager.  “He is a true industry talent, with knowledge and experience that is deeply impressive. With his forward-thinking mindset, technical acumen and diverse skillsets, there is no doubt that Justin will play an important role in not only our current operations but our future growth.” David Sinclair “Alliant National is committed to continually innovating processes and operations to deliver maximum benefit to our agents,” said David Sinclair, President and CEO of Alliant National. “By bringing Justin on board, we are better positioned than ever to align the various technology solutions used by our agents and quickly deliver scalable, integrated title production.” Tate-Johnson is also a licensed Florida title agent. He lives in the Fort Lauderdale area with his wife and child.

CONTACT: Cathie Beck 303.241.0805 cathie@capitalcitypr.com  alliantnational.com

Hospitality Ventures Management Group (HVMG) Expands Senior Operations Team

Margie Vito 

 ATLANTA, GA — Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, has promoted four associates to more senior operational positions.

  Ron Mader 

Ron Mader was promoted to senior vice-president of operations and Margie Vito to the newly created role of senior vice-president of operations and transitions, while Androse Bell and Bob Kisker were promoted to general manager & regional director of operations.

Androse Bell

 

Additionally, the company named Robert Babst director of operations for select brands. 

Robert Babst 

 "Throughout their careers, whether with HVMG or elsewhere, these individuals have been instrumental to the success of their hotels, from securing the prestigious AAA Four-Diamond status to winning brand Hotel of the Year honors,” said Robert S. Cole, president and chief executive officer, HVMG. 

Robert S. Cole

  “Each brings a wealth of knowledge and years of experience to her or his new position, and I look forward to their continued success as their roles expand in recognition for all they have achieved.”

 CONTACT: 

 Chris Daly

Daly Gray, Inc.

703-435-6293

chris@dalygray.com

 www.hvmg.com