Landmark Theatres Signs Lease to Operate Playhouse 7 in Pasadena, CA

 

Kevin Holloway

West Hollywood, CA - Landmark Theatres President Kevin Holloway announced Landmark Theatres has entered into a long-term lease agreement for the Playhouse 7 movie theatre in Pasadena, CA.  

 Located in Los Angeles County, at 673 E. Colorado Blvd., the 7-screen, 1300 seat venue will reopen this Summer in the arts and culture district of Pasadena. “

 

“The Playhouse acquisition is important for Landmark, as we’re able to continue the tradition of showcasing quality film to Pasadena’s movie-going community. This theatre has a deep history, which we look forward to honoring and building upon in the years ahead,” says Holloway.

Michael Fant

Leading the negotiations with GD Realty to operate the theatre is Michael Fant, Executive Vice President for Landmark Theatres.  Scott Burns, JLL Senior Managing Director and Richard Bright, JLL Executive Vice President assisted Landmark Theatres in securing the lease.

 “It is extremely gratifying to be able to continue to serve the community with an art house theatre. We are invested in supporting the arts in the Pasadena Playhouse Village area,” says Arash Danialifar.

Scott Burns

“As retail continues to evolve, communities and their residents have an appetite to come together and be entertained,” said Burns. 

“Landmark Theatres is the perfect partner for the city of Pasadena as it continues to grow its arts and culture district.”

 

Landmark Theatres will upgrade the theater’s sound and projection systems and in the coming months, after opening, will complete an upgrade of the facilities to reflect Landmark’s luxury styling, including the installation of modern comfortable seating. 

Richard Bright

At the concession stand, offerings will be expanded to include new gourmet and healthy food items, alongside traditional movie theatre favorites, including Orville Redenbacher popcorn and real butter.

 Beer and wine will continue to be available, with plans to expand the offering to full spirits.

 

The Playhouse 7 opened February 5, 1999. It was built by Laemmle Theatres from the ground up and has been continuously operated by the family-run art house chain. 

 Arash Danialifar

Landmark Theatres is opening several new theatres this Summer, including a 9-screen complex at Annapolis Harbour Center in Maryland and another 10-screen, 1800 seat theatre in Glenview, a suburb of Chicago, IL, with more locations to be announced.

 

Landmark Theatres:

Founded in 1974, Landmark Theatres, the nation's largest specialized theater chain, is dedicated to independent cinema and high-quality mainstream film with 178 screens in 24markets.

Charles S. Cohen

Landmark Theatres was added to the Cohen Media Group in 2018. Formed in 2008 by Charles S. Cohen, the Cohen Media Group (CMG) is an independent theatrical exhibition, distribution and production company with over eight Academy Award nominations and a Best Foreign Language film win for THE SALESMAN. CMG releases the world's best in contemporary and classic cinema.

 

 

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.”

 

jll.com

https://www.gdrealty.com/

 

ICM Partners’ agent Will Kircher joins entertainment and media focused commercial real estate team at JLL

 

                                      Will Kircher

LOS ANGELES, CA — Meeting the demand of the growing entertainment industry in Los Angeles, JLL  has hired established television agent Will Kircher as a Senior Associate in its Century City office. 

Kircher will specialize in working with entertainment and media companies on their real estate needs. He will be working with the JLL Los Angeles’ entertainment and media team. 

“As the Los Angeles economy continues to evolve, we have seen a greater need for office and studio space from entertainment and media companies,” said Charlie Smith, JLL Senior Managing Director and Los Angeles Brokerage Lead. 

 

                                       Charlie P. Smith

“Will is going to be a tremendous asset to our team with his in-depth knowledge and experience in the entertainment industry.”

Kircher joins JLL from ICM Partners where he spent the past eight years, most recently serving as a Talent Agent where he represented and worked with directors and writers across both television and feature film mediums. 

He earned a Bachelor’s degree in Business Administration, Finance from Loyola Marymount University.

 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.”

 jll.com

Ware Malcomb Hires Christina Mannion as Studio Manager, Architecture in San Diego, CA office

 

Christina Mannion

SAN DIEGO, CA – Ware Malcomb, an award-winning international design firm, announced that Christina Mannion AIA, NCARB, LEED AP, has joined the firm as Studio Manager, Architecture, in the San Diego (Sorrento Valley) office.

 In this role, she will help lead the growth and management of the San Diego Architecture and Science & Technology Studios and manage select projects.

Mannion, a registered architect in the State of California, has more than 25 years of project experience.

Brian M. Koshley

 “We are excited to welcome Christina to Ware Malcomb,” said Brian M. Koshley, AIA, Regional Director for Ware Malcomb.

 “She brings a high level of technical expertise and demonstrated experience in the dynamic San Diego market. We welcome her expertise and leadership, and we look forward to her collaboration with our team members and clients.”

Mannion holds a BA in Sociology/City Planning from University of California at Santa Cruz and a Master of Architecture from NewSchool of Architecture & Design, San Diego, where she graduated valedictorian.

 

In addition, she studied Urban Design at University of Vienna, Austria, and Real Estate Development for Architects at Woodbury University.

 She is a certified Safety Assessment Program Evaluator, a member of the American Institute of Architects, certified by the National Council of Architectural Registration Board and a LEED Accredited Professional. 

 

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

 Ware Malcomb San Diego

3911 Sorrento Valley Blvd, Suite 120
San Diego, CA 92121
P: 858.638.7277

 http://waremalcomb.com/news 

Ware Malcomb’s Brand Video

 at youtube.com/waremalcomb.

 

 

 

 

Industry Leaders Announce Establishment of Multifamily Impact Council

Summer Haltli

 Newport Beach, CA — A consortium of more than 20 industry leaders from across the Commercial Residential Real Estate sector have announced the establishment of the Multifamily Impact Council (MIC) – a non-profit membership organization dedicated to establishing impact investing principles and data-driven impact reporting frameworks for the multifamily housing industry.

 “Currently, there is limited investor and operator consensus on what constitutes impact investing in the affordable housing sector in the United States,” says Summer Haltli, Principal of ESG and Impact at FCP and board member of MIC. 

 

 “As a result, investors and property owners must either create their own guidelines or adjust to broad enterprise-level ESG frameworks that may not directly apply to multifamily properties.

 

 "It is critical to develop a common structure for multifamily impact investing in order to unlock a private sector solution to the housing affordability crisis in the United States.” 

Bob Simpson

Bob Simpson will serve as President and CEO of the Multifamily Impact Council. 

 

Simpson, who founded the Impact Advisory Firm, Simpson Impact Strategies, brings more than 25 years of housing finance and public policy experience to the role – including a 20-year stint at Fannie Mae where he oversaw the Affordable Multifamily Business and led the creation of the company’s innovative green and healthy housing lending programs.

Antonio Marquez

“As interest in socially motivated debt and equity capital continues to grow, it is essential for the multifamily industry to come together and develop generally accepted principles and reporting frameworks that facilitate the flow of impact capital and support affordable and sustainable housing investments in the United States,” says Antonio Marquez, Managing Partner of Comunidad Partners who will serve as the Chairman of the Board of the new organization. 

 

To learn more about the Multifamily Impact Council and to see a list of founding members, please visit multifamilyimpactcouncil.org.

 

  

 Contacts:

 

Katie Haga / Lexi Astfalk

The Smart Agency, Inc.

(949) 438-6262

khaga@thesmartagency.com

 

Springs Plaza in Longwood, FL Sells for $19.6 million

 

Christie Alexander

LONGWOOD, FL -- CrossMarc Services, LLC of Winter Park and Baltimore-based MCB Real Estate purchased Springs Plaza in Longwood for $19,600,000.

Springs Plaza, a 64,753 square foot neighborhood
shopping center on S.R. 434 at the intersection
of Wekiva Springs Road in Longwood, FL

CBRE’s National Retail Partners Team represented the seller of the 64,753 square foot neighborhood shopping center on S.R. 434 at the intersection of Wekiva Springs Road in Longwood.

Casey Rosen 

Winter Park-based CrossMarc Services acquired the asset in partnership with an affiliate of Baltimore-based MCB Real Estate and their equity partner Faison Enterprises. 

 

CBRE Executive Vice Presidents Casey Rosen and Dennis Carson provided exclusive representation of the seller, an affiliate of Apollo Global Management of New York, N.Y 

 

“We are excited to add this iconic property to our portfolio,” said CrossMarc Senior Vice President Christie Alexander.  The plaza, built in 1979 and renovated in 2017, was 80 percent leased at the time of the sale.

Dennis Carson

Located less than a mile from the Interstate 4/S.R. 434 interchange, the high-profile center is shadow anchored by a 58,000 square foot Publix grocery story and freestanding Publix liquor store serving an estimated one million customers annually.   

 

Within 30 days prior to this transaction CrossMarc also closed on the acquisition of Glenbrook Commons, a 64,707 square foot retail center in Clermont from Continental Realty for $9,400,000. 

 

“CrossMarc Services is on a path to purchase more than $60,000,000 in retail properties by the end of this year,” said President John Crossman.

 

CrossMarc Services, based in Winter Park, FL, is a real estate investment and advisory firm. Clientele ranges from private clients and corporations to large institutional companies.

 John Crossman

MCB Real Estate, headquartered in Baltimore, is a privately-held, institutionally-capitalized commercial real estate development and investment firm.  MCB invests across industrial, retail office, multi-family and mixed-use assets.

 

Faison Enterprises, Inc. is a 50-year-old privately held investment firm with a diversified portfolio that includes retail, commercial and residential project holdings. 

Founded by Henry J. Faison, the company has committed more than $3 billion in development, value add, and core real estate opportunities. 

 

 

 Contacts:

 

John Crossman, CCIM, CRX Founder / President, CrossMarc Services, LLC

407-341-3895 jcrossman@crossmarcservices.com

 

Beth Payan-Larry Vershel Communications 

beth@larryvershel.com

 

 www.cbre.us/nrp

 www.crossmarcservices.com

www.faison.com

www.mcbrealestate.com

 

Pair of Orlando, FL office properties receive $33 million financing

 

Jen Pollock

ORLANDO, FL – JLL Capital Markets has arranged $32.7 million in financing for two Downtown Orlando office properties: the GAI Building, a trophy office property totaling 106,966 square feet and 100 E. Pine St., an 80,010-square-foot office building.

GAI Building, 106,966 SF, Downtown Orlando, FL

JLL worked on behalf of the borrower, Denholtz Properties, to secure the five-year financing through Ameris Bank.

 Loan proceeds were used to acquire the GAI Building and recapitalize 100 E. Pine St. JLL was also involved in the sale of the GAI Building to Denholtz.

 100 East Pine Street Office Building,
80,010 SF, Downtown Orlando, FL

Completed in 2011, the GAI Building is one of Orlando’s newest office properties and was downtown’s first privately developed LEED-certified office building.

The GAI Building is fully leased to six tenants, including GAI Consultants who operates its southeastern headquarters at the property.

 Michael Klein

 The property is located at 618 East South St., adjacent to and visible from SR 408 East-West Expressway, one of Orlando’s primary roadways.

100 E. Pine St. is a six-story property that was extensively renovated in 2018/2019. 

The 90-percent-leased asset has a diverse tenant roster and offers tenants a recently renovated lobby and ground floor retail space. 

100 E. Pine St. is located at the intersection of East Pine St. and South Magnolia Ave. convenient to major transportation nodes, including Interstate 4 and SR 408.

 Both properties benefit from the growing Downtown Orlando office market, which has seen rents and demand steadily increase. 

Jon Mikula

In addition, Downtown Orlando has evolved into a true live-work-play environment with a population increase of more than 70% since 2000.

 JLL’s Debt Advisory team representing the borrower was led by Senior Managing Directors Michael Klein and Jon Mikula, Senior Director Maxx Carney and Associate Ryan Carroll.

 The Ameris Bank team was led by Senior Vice President Jen Pollock, CCIM.

 “The competitiveness of this financing process was emblematic of lenders continued demand to finance well-located, high-quality office assets for experienced, hands-on operators like Denholtz Properties,” stated Carney. 

 Maxx Carney

“The leasing velocity at the properties showcased continued tenant demand to occupy this same profile of product throughout the state of Florida.”

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. 

Ryan Carroll

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.

 

 

Contact:

Kristen Murphy

Director, Public Relations, Americas

JLL

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

 jll.com

 denholtz.com.