JLL arranges sale of prime .53-acre residential development site west of Brickell in Miami, FL

Danielle Fernandez

MIAMI, FL – JLL Capital Markets has closed the sale of CoralGrove Brickell, a 0.53-acre, residential development site planned for 85 units, located between Brickell and Coral Gables in Miami, Florida. The price was not disclosed.

 JLL marketed the property on behalf of the seller, an investment group from South America. Empira Group, a Swiss real estate firm acquired the asset.

 Designed by award-winning Revuelta Architecture International, CoralGrove Brickell is planned to include 85 units, consisting of one-, two-, and three-bedroom apartments. 

Simon Banke

Amenities consist of a fitness center that incorporates spaces for yoga and spinning, a rooftop resort-style pool overlooking the city, a gourmet kitchen and a game room.

 The ground floor will have about 900 square feet of retail space.

 CoralGrove Brickell, which is a five-minute walk from the Viscaya Metrorail Station, will promote walkable urban living.

 Future residents will be able to trade their cars for the Metrorail to travel around the tri-county area, committing the project to the highest ESG standards. The project will be LEED certified.

 

Max La Cava 

The JLL Capital Markets Investment Advisory team representing the seller was led by Directors Max La Cava and Simon Banke, with support from Analyst Danielle Fernandez.

 “CoralGrove Brickell is one of the most exciting boutique residential projects in Miami,” said La Cava.

“It is perfectly positioned to capitalize on the influx of high-paying tech and finance jobs moving from New York City, Chicago, and San Francisco.

"Empira’s entrance to the Miami market is a big deal as they look to expand in South Florida and across the US.”

 South Florida’s booming economy and thriving job market have transformed the area into an economic powerhouse.

Miami has attracted high-profile tech, private equity and finance firms from major high-paying employment hubs.

Blackstone, Citadel, Spotify, Thoma Bravo and Marsh Insurance, among many others, have opened or significantly expanded their offices in Miami in recent months.

 

 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.nativerealty.com.

 

Native Realty Secures Lease with The Blind Monk bar in Downtown West Palm Beach, FL

 

Kaley Tuning

 

WEST PALM BEACH, FL  -– Native Realty, the industry disrupting real estate brokerage, is increasingly demonstrating its placemaking prowess in Palm Beach County. For instance, Native CEO Jaime Sturgis, Sales Director Kaley Tuning and Associate Spencer Scalzitti just finalized a lease with popular wine bar The Blind Monk on behalf of the brand-new AKA Hotel in downtown West Palm Beach.

 

The Blind Monk bar is set to relocate
 from its current location to the
695 South Olive Avenue hotel in
Downtown West Palm Beach, FL

 It leased a ground-floor space with 2,209 interior square feet and a 1,197-square-foot outdoor patio. The Native trio is in active negotiations with prospective tenants for additional retail and restaurant spaces at the hotel.

 AKA Hotel is scheduled to open in November 2022.

 

Jaime Sturgis

Founded by former U.S. Marine Capt. Ben Lubin in 2010, The Blind Monk is a big hit with downtown West Palm Beach residents, professionals and visitors. 

Lubin is a graduate of the French Culinary Institute and a Certified Sommelier. The Blind Monk serves wine by the glass or bottle, craft beer, tapas, build-your-own cheese and charcuterie boards – and more.

Ben Lubin

“This lease is a great example of how Native activates the retail and restaurant components of hotel and multifamily developments,” Sturgis said.

 “The Blind Monk has a huge following and should enjoy tremendous success at the AKA Hotel. Our team is actively securing new leasing and investment sales assignments in West Palm Beach and throughout Palm Beach County to place the other top-tier tenants we are representing.”

 

Spencer Scalzitti 

The 8-story AKA Hotel consists of 215 hotel rooms, with on-site parking for the retail and restaurant spaces. It benefits from proximity to Rosemary Square, City Place and the Brightline high-speed rail station connecting Palm Beach County with Broward and Miami-Dade counties.

 Native recently relocated its corporate headquarters to a new Fort Lauderdale office that is double the size of its previous headquarters. The 4,000-square-foot office is located at 1926 E. Sunrise Blvd. in the city’s Victoria Park neighborhood.

  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.nativerealty.com.

  

JLL Capital Markets closes $41 million sale and secures the $30 million acquisition financing for the 272-unit Stonewood Village in Madison, WI

Amanda Friant

 

 CHICAGO, IL – JLL Capital Markets has closed the $40.8 million sale and arranged the $29.81 million acquisition financing for Stonewood Village, a 272-home, value-add, garden-style multi-housing community in Madison, Wisconsin.

Stonewood Village, a 272-home, value-add
garden-style multi-housing community
 in Madison, WI

 JLL represented the seller, Stonewood UI, LLC, an affiliate of Banner Real Estate Group. Axiom Properties acquired the asset.

Medina Spiodic

Working on behalf of the new owner, JLL secured the 10-year, fixed-rate Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital, LLC, a Fannie Mae DUS lender.

 The JLL Capital Markets Investment Advisory team was led by Senior Director Wick Kirby, Director Amanda Friant and Senior Managing Director Jamie Fink. The JLL Capital Markets Debt Advisory team representing the borrower was led by Managing Director Matthew Schoenfeldt and Associate Medina Spiodic.

Wick Kirby

 Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.

Stonewood Village features one- and two-bedroom units with an average size of 1,004 square feet.

 The units currently feature spacious floorplans, in-demand private entries, patios or balconies,washers and dryers and dishwashers in every unit.

 Community amenities include a playground, tennis courts, a leasing office, a maintenance garage and a pool.

The property has opportunity for both a programmatic interior renovation plan and an enhancement to the existing community amenity package.

Jamie Fink

Situated at 302 Parkwood Ln. and adjacent to the Hiestand Park, Stonewood Village is ideally located less than a 15-minute drive to Downtown Madison and easily accessible to Interstates 90 and 94, Highways 30 and 51, the Dane County Regional Airport and abundant retail.

The property has access to top tier employment, including UW Health, State Capitol building, American Family Insurance, WPS Health Insurance, MATC and East Madison Hospital.

 The community is also proximate to the world-class University of Wisconsin, which boasts 45,000 students and Big Ten Division I athletics.

 “This was a fantastic opportunity to work with two very important clients on a deal in an excellent location,” Kirby said.

Matthew Schoenfeldt 

“Madison as a market has experienced extraordinary rent growth, which was reflected in Stonewood’s operations. 

"The property is well-positioned for future renovation upside.”

 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 and sales 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.

 

CONTACT:

 

Jenna Sharp, JLL Associate, Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 

Copper State Bolt & Nut Grows 50-Year Presence to serve Phoenix West Valley Boom

 Sarah Shannon

 

 GOODYEAR, AZ – Phoenix-based, family-owned-and-operated Copper State Bolt & Nut Co. is expanding its 50-year Valley presence with a new Class A distribution center in the award-winning PV 303 industrial park in Goodyear, Arizona.

 

Being built by leading local general contractor Stevens-Leinweber Construction (SLC), the project was prompted by the growth of Phoenix’s far West Valley, where Copper State customers are actively involved in a growing list of projects and will benefit from a more immediate access point for Copper State products.

“Like Copper State, our company has a multi-decade tenure built on strong customer- and employee-centered core values,” said Stevens-Leinweber Construction Vice President Erik Powell.

Erik Powell

“We are proud to have been chosen by Copper State for this project and to be a part of their growth in Arizona and the region.”

 

The architect for the new Copper State building is Winton Architects. The project is under construction now, with delivery expected in January 2023.

 

Founded in Phoenix in 1972 with six employees, Copper State today employs almost 500 and supports more than 20,000 customers across the West and Southwest.

 

It provides traditional fasteners, construction products, industrial supplies and specialty products to a wide range of construction- and manufacturing-related industries.

 

“We have spent 50 years evolving to support our fast-paced, service-oriented industry, and our latest expansion is no exception,” said Copper State CEO Sarah Shannon.

 

“This new facility expands our reach farther into Phoenix’s West Valley than we have been before, where so many of our customers are building and operating in response to a nearly unprecedented commercial and residential boom.

 

"With our location at PV 303, we will be right where they need us to be.”

 

Copper State operates more than 30 facilities in Arizona, California, Colorado, Montana, Nevada, New Mexico, Texas, Utah and Washington. Ten of those are in Arizona, including the company’s manufacturing and assembly headquarters.

 

The new Copper State warehouse and distribution building will total 39,491 square feet on 5 acres at the southwest corner of the Loop 303 and Camelback Road.

 

 

 

CONTACT:

 

Stacey Hershauer

stacey@focusaz.com

480.600.0195

 

Illustrated Properties’ Billy Nash Closes $17.5 Million Sale of Iconic Florida Keys Property

 

 Billy Nash

FLORIDA KEYS, FL – Billy Nash, founder of Nash Luxury at Illustrated Properties (IPRE) - a member of The Keyes Family of Companies, sold yet another Old Florida hidden gem – this time in the Florida Keys.

 The power broker closed the sale of the iconic Geiger Key Marina, Restaurant, RV Park and Fish Camp, offered at $17.5 million.

 Bobby Mongelli

Bobby Mongelli, owner of Geiger Key since the 1970s, sold the mixed-use property to Parakeet Communities.

Based in Rockville, Maryland, Parakeet specializes in operating manufactured housing communities throughout the U.S. It has more than 25 communities in Florida alone and is actively seeking acquisitions to add to its portfolio of premier properties.

 The transaction closed Aug. 31. Nash led a discreet marketing process for Geiger Key, qualifying the right buyer for the unique property.

 It played out in a similar fashion to Nash’s sale of Quail Creek Plantation, offered at $25 million, in Okeechobee, Florida in 2021.

 

“Early in the pandemic, I felt there would be strong demand for remote and private destination properties like Geiger Key and Quail Creek,” said Nash, who also closed the $10.7 million sale of a waterfront compound on Marathon’s Grassy Key in 2021.

Nash partnered with David Kendall, a marina sales expert and senior advisor at SVN Florida Commercial, in the transaction.

 

CONTACTS:

Eric Kalis, 

BoardroomPR

ekalis@boardroompr.com

954-370-8999

 

Daniel Benjamin

Senior Account Executive,

 BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

JLL Capital Markets completes sale of the three-building Urban District 183 in Euless, TX

 

Megan Babovec

DALLAS, TX,  Sept. 1, 2022 – JLL Capital Markets announced today that it has closed the sale of Urban District 183, a three-building, 366,771-square-foot, Class AA industrial park in Euless, Texas.

 JLL marketed the property on behalf of Urban Logistics Realty (“ULR”).

Dustin Volz

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Dustin Volz and Stephen Bailey, Director Dom Espinosa, Associates Wells Waller and Robby Westerfield, and Analyst Megan Babovec.

“We could not be more excited about the successful completion and sale of Urban District 183,” said Drew Feagin, Director at ULR.

Stephen Bailey

“A huge team effort from a lot of folks that we are very grateful for. This project was 100% preleased at the time of delivery, which is a testament to the infill and irreplaceable location that we repeatedly aim to invest in.”

Urban District 183 is located near DFW Airport and one of the last remaining sites in the GSW/DFW Airport submarket. 

 ULR worked closely with the city of Euless to rezone the former Coopers Golf Park.

 This new facility was built on a speculative basis and now stands as Omni’s new global headquarters for executive offices, warehousing and ecommerce fulfillment.

Dom Espinosa

The property is situated off SH-183 and Industrial Boulevard at 1010 and 1000 S. Industrial Blvd. on 22.02 acres.

 The industrial park is centrally located between Dallas and Fort Worth and is an eight-minute drive to Dallas-Fort Worth International Airport.

 Located in the GSW / DFW Airport submarket, the property benefits from the area’s strong demographics with a population of 1.2 million people within a 20-minute drive, up 40% since 2000, and $20 billion of consumer spending power within the same radius.

Wells Waller

In addition, Urban District 183 benefits from the strong labor pool with 245,000 daytime workers within a five-mile radius.

 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 and sales advisory, debt advisory, equity advisory or a recapitalization. 

Robby Westerfield

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

Cierra Lacasse

PR, Hotels & Hospitality, Capital Markets

JLL

T +1 602 648 8701

M +1 408 318 8021

JLL.com

 

Ware Malcomb promotes Brian Nguyen to civil engineering manager in Pleasanton, CA office

  

Brian Nguyen

PLEASANTON, CA, Sept. 1, 2022 – Ware Malcomb, an award-winning international design firm, today announced that Brian Nguyen has been promoted to Civil Engineering Manager in the firm’s Pleasanton, California office.

 In this role, Nguyen will help lead the growth and management of the Pleasanton Civil Engineering team and manage select projects.

Nguyen is an experienced civil engineer with more than 17 years of civil engineering design experience.

He has in-depth experience managing a variety of project types including public, industrial, auto, healthcare and retail projects and providing construction support throughout all phases of design and construction.

Michael G. Murphy

“Brian’s natural abilities as a leader create and maintain a positive and team-oriented environment,” said Michael Murphy, Director, Civil Engineering for Ware Malcomb.

 “An excellent civil engineer, he takes time to mentor team members, and, with his financial and operations skills, he’s identified and led efficiency improvements. We are very happy to promote him to Civil Engineering Manager.”

Nguyen joined Ware Malcomb in June 2015 as a Project Manager and was promoted to Senior Project Manager in 2018. He earned a Bachelor of Science in Business Administration from San Jose State University.

 

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