Tuesday, August 2, 2022

Arcadia Management Group Debuts New Phoenix Office, Complete with Bowling Alley

 

Bowling alley offered to fourth-floor
office tenants in 3550 North Central
 office tower, downtown Phoenix, AZ
 

 PHOENIX, AZ — After an all-too-familiar pandemic delay, Phoenix-based property management leader Arcadia Management Group (AMG) has relocated and expanded its downtown Phoenix headquarters within the 3550 N. Central office tower.


The new space welcomes employees back with amenities for work and play, including a unique attraction for a fourth-floor office tenant… a bowling alley.

 “It took us longer than expected to debut our new headquarters, but we were happy that we’re here now,” said Arcadia Management Group President Gary Shaw.

Gary Shaw

“We have exceptional employees who work exceptionally hard, and we have new employees joining the firm each month.

"This office allows us to accommodate for that growth, making it easier for employees to collaborate and giving them a fun environment in which to celebrate their accomplishments. And nothing says celebrate like a bowling alley!”

As a nod to the ownership’s Arcadia roots, the new AMG headquarters reception and copy areas feature wood harvested from a tree that had been scheduled for removal within the Arcadia neighborhood.

 “Our greatest feat, though, is the bowling alley,” said Mark Zimmerman, Arcadia Management Group’s National Director of Construction Management.

Mark Zimmerman

“We used carefully selected materials and worked with acoustics specialists to ensure that this amenity had zero sound implications for the tenants above or below us.

"Being able to problem solve to make the bowling alley vision a reality was a high point for our construction team, and reflects the commitment we make to all of our Arcadia projects.”

Since its founding in Phoenix in 1986, AMG has become a national entity managing more than 60 million square feet of U.S. office, industrial and retail space, and providing tenant and capital improvements through its in-house construction management division.

 Totaling 18,500 square feet, the new AMG headquarters features independent and collaborative workspaces, a white noise sound masking system, private phone rooms, maternity room, and training and conference space featuring a 20-foot door that opens to seamlessly connect with a full-service kitchen, dining and break area.

 For more information, contact leasing brokers Scott Boardman and Dave Carder of Cushman & Wakefield, at 602.954.9000.

  CONTACT:

Stacey Hershauer

FocusAZ

480.600.0095

stacey@focusaz.com

www.arcadiamgmt.com.

 

Azor Advisory Services Arranges Lease for New-to-Market Car Wash Concept in Doral, FL

 

Beth Azor

 Doral, FL, Aug. 2, 2022 -- Weston-based Azor Advisory Services arranged a long-term land lease for development of a new-to-market car wash concept in Doral.

 Azor represented the landlord, Lapciuc Group, Inc. in leasing a 0.7-acre parcel located at 1350 NW 87th Avenue to Driven Brands for a Take 5 Car Wash.  

The new business will replace a former Taco Bell restaurant scheduled for demolition.  Bryan Fetherston of the Shopping Center Group represented the tenant.

Bryan Fetherston

“With the growth population, we are seeing a heightened demand for car washes in South Florida, which is ratcheting up the competition for premium locations,” said Beth Azor, CEO of Azor Advisor Services.  

“Our Doral site is in a well-trafficked area that is highly visible, and should be an ideal place for Take 5’s entry into the market.”

 In 2021, Azor announced that another Driven Brand concept, Take 5 Oil Change, would build a 1,421-square-foot facility on an out-parcel at the East Hialeah Market on 79th Street in Hialeah. 

Fetherston represented the Take 5 in that land lease as well.  

 CONTACT:

for Azor Advisory Services

Todd Templin

ttemplin@boardroompr.com

954-370-8999

www.bethazor.com.

 

 

 

 

JLL Capital Markets closes $17 million sale of the 76-unit, mixed-use Freshwater Apartments in downtown Milwaukee, WI

 

Amanda Friant
 

Chicago, IL, Aug. 1, 2022 – JLL Capital Markets announced today that it has closed the $17.4 million sale of Freshwater Apartments, a 76-unit, mixed-use apartment building in the Harbor District on the eastern edge of Walker’s Point in downtown Milwaukee.

 JLL marketed the property on behalf of the seller, Wangard Partners, Incorporated. Bender Companies acquired the asset.

Wick Kirby

The JLL Capital Markets Investment Advisory team representing the seller was led by Senior Director Wick Kirby, Director Amanda Friant and Senior Managing Director Jaime Fink.

"We are excited to expand our portfolio into the Walker's Point neighborhood of Milwaukee with the acquisition of Freshwater Apartments," said Mark Barnes, Investment Director for Bender Companies.

Jaime Fink.

"The strong employment growth and area demand drivers will continue to fuel apartment demand in the immediate area,"

                   Mark Barnes

Built in 2017, Freshwater Apartments features studio, one- and two-bedroom units with an average square footage of 635 square feet.


Freshwater Apartments1320 South1st  Street,
downtown Milwaukee, WI

Situated at 1320 South1st  St. within Freshwater Plaza, the property is proximate to full-service grocer, Cermak Fresh Market, as well as brand new developments, including UW-Milwaukee School of Freshwater Sciences and machinery manufacturer Komatsu’s new North American headquarters.

In addition to the Harbor District and Walker’s Point, the property proximate from additional vibrant neighborhoods, including Third Ward and Bayview.

 

 CONTACT:

 Jenna Sharp

JLL

M +1 214 394 3356

JLL.com

Cozza Investment Group expands to South Florida

  

Alicia E. Cervera


Miami, FL  Cozza Realty Group Inc., powered by Cozza Investment Group with 20 years of experience, announces the leading luxury brokerage’s entrance into the South Florida market with very exciting luxury projects while it continues to expand its presence along both of Florida's coasts.

 

CIG has built a team of 20 bilingual and diverse agents who will specialize in luxury homes throughout the Miami metro area, focusing on Downtown Miami, Brickell, Wynwood, Coral Gables, and Coconut Grove. CIG also plans to expand into Palm Beach.

 Brad Cozza
 

"As one of the fastest growing markets in Florida, Miami is a region we have been targeting as a key component of our expansion strategy," said Brad Cozza, owner of Cozza Investment Group.

 

"CIG brings an incredibly talented group of agents to grow with us as the leading luxury brokerage along both coasts of Florida.


 Miami skyline
 

"Backed by our industry-leading resources, I am confident they will continue to outperform in the Florida market."

 

Since its inception, CIG has had 10 billion in sales.

 “Brad and his team at The Cozza Investment Group have been wonderful to work with," said Alicia E. Cervera, Principal of Cervera Real Estate, the lead brokerage firm for Lofty Residences and Aston Martin Residences.

  "The volume of clientele he has brought into our pre-construction projects has been amazing!”

 CONTACT:

 claudia@taraink.com

eden@taraink.com

TARA, Ink. 

Monday, August 1, 2022

JLL secures $585 million financing for mixed-use development in Boston

 

Amy Lousararian

BOSTON, MA, Aug. 1, 2022  JLL’s Capital Markets group announced today that it has arranged $585 million in construction financing for a mixed-use project consisting of 580,905 square feet of life sciences, retail and multi-housing space in Boston, Massachusetts.

 JLL worked on behalf of the borrower, a joint venture between King Street Properties, Brookfield and Mugar Enterprises, to secure the four-year, floating-rate loan through an institutional debt fund.

Greg LaBine

 The JLL Capital Markets team representing the borrower was led by Managing Director Greg LaBine and Director Amy Lousararian.

“We are pleased JLL was able to secure financing for this important site and we look forward to our new lending relationship,” said Mike Diminico, Managing Director, King Street.

Mike Diminico

“The fact that we were able to move quickly on this loan in today’s market conditions speaks to the level of interest and confidence in Allston LabWorks.

"We are extremely proud of this transformative project and look forward to breaking ground as soon as possible.”

 Once completed, Allston LabWorks will consist of 534,000 square feet of lab space; 20,000 square feet of retail space; 35 multi-housing units, 26% of which will be affordable; as well as a 12,000-square-foot public plaza with an additional 5,000-square-foot landscaped open space and 668 garage parking spaces.

 The project, which is located on 4.27 acres at 250, 280 and 305 Western Ave., is adjacent to Harvard University’s 350-acre Allston campus, which is home to the newly opened John A. Paulson School of Engineering and Applied Sciences. 

 CONTACT:

 Cierra Lacasse, JLL Associate, Public Relations

Phone: +1 602 648 8701

Email:  Cierra Lacasse@am.jll.com

 

Real Estate Growth Continues at BCLP as Partner James Brescoll Rejoins Firm

 

James Brescoll

 Chicago, IL, Aug.1, 2022 – International law firm Bryan Cave Leighton Paisner (BCLP) today welcomed James Brescoll back to the firm.

Previously with BCLP from 2018-2021, Jim rejoined the firm as a partner in the Chicago office.

Jim joins from Riemer & Braunstein, where he maintained an active practice focused on commercial real estate.

Andrew Auerbach

“We’re excited to have Jim back with our global Real Estate Practice,” said Regional Practice Group Leader-Real Estate (US) Andrew Auerbach.

“His experience and history with the firm will benefit clients firmwide. We are very happy to welcome him back to the firm.”

Jim is often featured in legal directories for his real estate practice, and was named by Best Lawyers to its 2022 “Ones to Watch” list.

 

 CONTACT:


Brian Kiefer
312-602-5121 brian.kiefer@bclplaw.com

Leslie Leader Brooks
312-602-5187 leslie.brooks@bclplaw.com

BakerHostetler Continues to Expand Business Practice Group and Adds Real Estate and Hospitality Partner in Orlando, FL

 

Ormend Yeilding

  • ORLANDO, FL -- Ormend Yeilding joins BakerHostetler’s Orlando office as a partner in the firm’s Business Practice Group and Real Estate team and will also be a member of its Hospitality Industry team.
  • Josiah Bancroft 


  • Yeilding advises developers, institutional investors and private equity groups on the acquisition, financing and restructuring, and disposition of resorts, hotels and other leisure assets.
  •  
  •  His arrival follows the addition of an Atlanta-based Real Estate team, led by partners Josiah Bancroft and Robert Bittner, and Hospitality Industry team co-leader Jeff Diener in San Francisco, who joined earlier this year.
Robert Bittner
His arrival is the latest addition to BakerHostetler’s rapidly expanding Business Practice Group, which has added 11 partners in 2022.

 CONTACTS:

Courtney B. Smith
202-861-1514 

cbsmith@bakerlaw.com

John Garger

 917-572-4820 jgarger@rippmedia.com 

Allan Ripp 646-285-1779 arippnyc@aol.com


Ware Malcomb promotes Cory Adams to Director, Architecture in Irvine, CA office

 

 Cory Adams

 IRVINE, CA – Ware Malcomb, an award-winning international design firm, announced that Cory Adams has been promoted to Director, Architecture, in the firm’s Irvine, California office.

  In this role, Adams will lead the Architecture and Advanced Manufacturing Studios for the Irvine and Inland Empire offices. 

Adams has more than 14 years of architectural design experience and more than 11 years of construction experience.

 Adams joined Ware Malcomb in 2019 and was promoted to Studio Manager, Architecture in 2021.

 Tom Myers

“Cory is a respected leader among his peers and within the industry,” said Tom Myers, Regional Vice President for Ware Malcomb.

  “His business development savvy and exceptional client skills make him a trusted leader. We look forward to Cory’s continued contributions.” 

Adams holds a Bachelor of Construction Management from Utah Valley University and is an Associate for the American Institute of Architects.

  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

 

waremalcomb.com

Sunday, July 31, 2022

O’Melveny Welcomes Leading Real Estate Dealmaker Peter J. Breckheimer

 

 Peter J. Breckheimer 

LOS ANGELES, CAO’Melveny announced prominent real estate attorney Peter J. Breckheimer has joined the firm’s Los Angeles office as a partner in the Project Development & Real Estate Practice Group.
 
Breckheimer comes to O’Melveny from Glaser Weil, where he advised owners, developers, and investors on acquiring and developing major commercial real estate assets.

 

Bradley J. Butwin

“Peter is a welcome addition to O’Melveny," said O’Melveny Chair Bradley J. Butwin

 "He arrives at a time when client demand for sophisticated real estate counsel has never been higher. His experience handling complex commercial real estate transactions will be an immediate asset.”

 A fellow of the American College of Real Estate Lawyers, Breckheimer represents private equity REITs, institutional investors, and pension fund managers in complex regional and national real estate transactions.

 Breckheimer earned his B.A. from the University of Southern California and his J.D. from the University of Southern California’s Gould School of Law.

  CONTACTS:

James Bourne

 914 318-2427  jimbournenyc@aol.com

Brandon Jacobsen 323 774-9779  bjacobsen@omm.com

 

www.omm.com

 

 

Vestar’s Miles Sanchez Promoted to Chief Operating Officer

Miles Sanchez

 PHOENIX, AZ - Vestar, the largest privately held shopping center developer, owner and manager in the western United States, announced that Miles Sanchez has been promoted to Chief Operating Officer effective immediately.

 Since joining Vestar in August 2021 as Executive Vice President of Operations, Sanchez has been helping lead and manage the company’s overall day-to-day business operations.

 In his new role, he will be responsible for the continuous measurement and effectiveness of all internal and external processes, to ensure adequate systems, policies, and procedures are in place to achieve the company’s goals.

 

David Larcher

“Miles has been a great addition to the Vestar team,” said David Larcher, President & CEO of Vestar. “His experience and knowledge transcend every department and he has proven to be an effective leader.

"We are confident that in his new role, he will continue to provide guidance and support to our associates, partners, and clients.”

 Prior to joining Vestar, Sanchez was with Weingarten Realty Investors, where he was responsible for leading and growing the company’s western region to over 80 shopping centers and mixed-use projects throughout the western United States.

  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.”

Hold-Thyssen Completes New Multi-Year Lease to Ophthalmology Practice at Water Street Medical Office in New Port Richey, FL

 

 Carol Kinnard

New Port Richey, FL  -- Hold-ThyssenLLC, a full-service commercial property firm with offices in Clearwater and Winter Park, recently completed a new multi-year lease agreement for the 2,162 square foot Water Street Medical Office in New Port Richey. 

 Carol Kinnard transaction specialist at the firm was retained by Landlords Dr. Maxwell Rent and You Huimin of New Port Richey to locate a suitable buyer or tenant for the building they own at 5425 Water Street upon Dr. Rent’s retirement from his established gastroenterology practice.   

Water Street Medical Office, New Port Richey, FL

Kinnard presented the building to Dr. Robert C. Urban, who found it suited the specific needs for expansion of his ophthalmology practice and a multi-year lease was signed. 

 The new tenant is affiliated with several hospitals in the area, including Regional Medical Center and Bayfront Health St. Petersburg. 

 Hold-Thyssen, LLC 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:

Richard J. Fisher, Vice President/Investor Services, Hold-Thyssen,LLC,

813-880-7100 ext303 rfisher@HoldThyssen.com

 Beth Payan, Larry Vershel Communications Inc 

407-461-3781 beth@larryvershel.com