HEI Hotels & Resorts Adds 93-Room Saranac Waterfront Lodge to Portfolio of Third-Party Managed Hotels

Rachel Moniz

 

SARANAC LAKE, NY – Officials of HEI Hotels & Resorts, a leading hospitality investment and management company, announced the addition of the 93-room Saranac Waterfront Lodge, bringing its portfolio of third-party managed hotels to 101. 

93-room Saranac Waterfront Lodge, Saranac Lake, NY

“A beloved local destination, the Saranac Waterfront Lodge has a wonderful reputation we look forward to expanding upon with both locals and visitors,” said Rachel Moniz, Principal and Chief Operating Officer, HEI. 

 “With an incredible location in the heart of the Adirondacks, one surrounded by natural beauty and wonders, the lodge truly is the ‘base camp for area adventures.’  

"Our goal is to ensure that the Saranac Waterfront Lodge becomes the place to be, whether it’s enjoying a special meal overlooking Lake Flower, hosting a business event in our LEED-certified conference center or simply warming up with a hot cocoa in-between visits to the famed Winter Carnival Ice Palace each February. We want to make The Lodge a true destination for all.”

Winter Carnival Ice Palace, Saranac Lake, NY

Centered in the Tri-Lakes region between Lake Placid & Tupper Lake, the Saranac Waterfront Lodge is located directly on the shores of Lake Flower's Pontiac Bay, the center of major area events and just a short stroll from the downtown arts district of the Village of Saranac Lake. 

The hotel is minutes away from Lake Placid and Tupper Lake, one hour from Plattsburgh International Airport and two and a half hours from the Albany, Burlington and Montreal International airports. 

Pontiac Bay on Lake Flowers

The Lodge features a 24-boat slip marina with public restaurant docking, indoor heated pool and hot tub area, outdoor fire-pit and fitness center. 

With direct lake access the resort also provides third-party boat rentals, as well as seasonal activities, amenities and packages. The resort hosts a locals’ night on Tuesdays and Thursdays featuring live music and has begun working with local food and beverage producers to create a more regionalized farm-to-table experience in the Boathouse restaurant. 

Village of Saranac Lake

Guests and other visitors may enjoy the Lodge’s lakeside views, approachable regional fare, specialty cocktails and weekly specials, ranging from “Locals’ Night” with 15% off F&B items to “Aw Shucks, It’s Wednesday” night oyster platters. 

“The Saranac Waterfront Lodge is one of the best kept secrets in Adirondacks,” Moniz added.  “As we work toward increasing occupancy, improving guest satisfaction scores and upgrading our fine dining experience, we will also create more career opportunities, a recipe we are confident will further benefit the local economy.”

 

CONTACT:

 Chris Daly, media

chris@dalygray.com

 (703) 864-5553

www.heihotels.com

Dream Finders Homes Offers New Plans at Hammock Reserve in Haines City, FL

 

Gerry Boeneman

HAINES CITY, FL – The selection of Dream Finders Homes’ floor plans has grown at Hammock Reserve in Haines City. With four new plans added this year, the builder now has a total of nine distinct home designs available.

Hammock Reserve is just off Prado Grande Street near the intersection of Old Haines City/Lake Alfred Road and U.S. Highway 27.

Gerry Boeneman, President of Dream Finders Homes’ Central Florida division, said the open floorplans can be upgraded with a selection of options, including stone exteriors, tile flooring and numerous kitchen enhancements.

“With the variety of plans we’re offering in phase two, everyone from first-time buyers to growing families to retirees should be able to find their perfect home,” he said.

Dream Finders’ new home plans at Hammock Reserve – priced from the mid-$200,000s – are The Brahms, a three-bedroom, two bath plan with 1,318 square feet; The Kassia, a 1,673-square-foor home with four bedrooms and two baths; 

Also, The Magellan, which offers three bedrooms and two-and-one-half baths in 2,031 square feet; and The Strauss, a 2,403-square-foot plan with four or five bedrooms and three baths.

Boeneman said a bonus for buyers is that all closing costs will be paid when a Dream Finders Homes’ preferred lender is used.

For more information about homes at Hammock Reserve, prospective buyers can call 888-223-8340 or visit Orlando.OnlineSales@DreamFindersHome.com.

CONTACTS:

Gerry Boeneman

 Division President

Dream Finders Homes

 888-214 1164 or 

Gerry.Boeneman@dreamfindershomes.com

Beth Payan, Larry Vershel Communications

 407-461-3781 or

 beth@larryvershel.com.

 

Hold-Thyssen Brokers $7.2 Million Investment Sale of Sprint Building in Orlando, FL

 

Richard Fisher

ORLANDO, FL  – Hold-Thyssen, Inc., a full-service commercial property firm with offices in Winter Park and Clearwater, recently negotiated an investment sale of the 26,245 square foot Sprint Building located at 360 S. Lake Destiny Drive for $7,200,000.     

­­­­­­­­­­­Richard Fisher, Vice President of Investment Services at Hold-Thyssen, represented the seller Oconee Woodlands in the sale of the property to a US investment group.

 

The building is 100 percent triple net leased to Sprint for its data/switch center and it was built in 1997 on a 3.81-acre site.

Sprint Building,

360 South

Lake Desiny Drive,

 Orlando, FL

Hold-Thyssen 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 Fisher

 Vice President/Investor Services

 Hold-Thyssen, Inc.

813-880-7100 Ext 303

 rfisher@HoldThyssen.com

 

Beth Payan

 Larry Vershel Communications Inc.

407-461-3781 

beth@larryvershel.com 

 

 

 

CONTACT:

 

KBS Inks 49,490 Square Feet Renewal Following $1 Million Renovation Program at 492,514 Square-Foot Class A Office Asset in Minneapolis, MN

Northland Center, a two-building,
492,514 square-foot, Class A
 office park in Bloomington, MN

 

Minneapolis, MN– KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, announces a renewal at Northland Center, a two-building, 492,514 square-foot, Class A office park located in Bloomington, Minnesota, a submarket in Minneapolis.

 

The agreement was inked by SFM Mutual Insurance Company, which has renewed its lease for 49,490 square feet of space. Northland Center is located at 3500 & 3600 American Boulevard West, Bloomington, Minnesota.

Giovanni “Gio” Cordoves

The transactions demonstrate the enduring appeal of high-quality, well-located, and expertly managed office properties in key markets throughout the country, according to Giovanni “Gio” Cordoves, Western Regional President for KBS.

 

“KBS has seen a consistent pattern of companies discovering that bringing teams together in easily commutable and well-amenitized office space promotes collaboration and company culture that translates into business success,” says Cordoves.

 

“This realization is driving long-term office occupancy in markets nationwide by firms who are focused on being at the top of their game.”

Ryan Pires

The Bloomington submarket of Minneapolis continues to rebound from the pandemic with a 2.70% unemployment rate as of December 2022.

 

 The desire to attract and retain high-level talent in a candidate’s market is fueling a flight to quality there, says Ryan Pires, asset manager for Northland Center and assistant vice president of KBS, who notes that the asset recently underwent nearly $1 million in renovations.

 

“As KBS implemented significant improvements at Northland Center, office users in the area have increasingly expressed interest in this property,” says Pires.

 

 “The renovation plan included refreshing the lobbies of both buildings and the addition of 25,000 square feet of innovative spec suite space—a turnkey solution for start-ups and companies rebuilding their businesses after the pandemic.

 

 "These upgrades have established Northland Center as one of the most desirable office properties in Minneapolis.”

 

Northland Center is a BOMA International Award-winning office asset located along the border of the highly affluent Edina, Minnesota, close to public transportation.

 

. The asset is LEED-Silver certified and has achieved the UL Verified Healthy Building Mark for Indoor Air.

Bill Rothstein

“As ESG grows in importance, office users are increasingly seeking locations like Northland Center, which truly walks the walk as a sustainable property with a positive impact on the environment,” says Bill Rothstein, executive director of Cushman & Wakefield, which represented KBS in the leasing transactions.

 

“KBS’ deep expertise in asset management ensures this property provides the location, amenities and service tenants are seeking in this market.”

 

CONTACT:

Arleeny Escarcega 

aescarcega@thesmartagenc.com

www.kbs.com.

Revitate invests in 4,300-acre industrial development in Reno, NV submarket

 

Lisa Merage

RENO, NV, Feb. 14, 2023 -- Newport Beach, California-based Revitate, a diversified investment platform that supports high-potential alternative investment strategies, announces the expansion of its Opportunity Zones portfolio with a new investment into Victory Logistics District, an industrial development in Fernley, Nevada. 

Located in a Qualified Opportunity Zone, the 4,300-acre project will hold more than 25 million square feet of speculative and build-to-suit logistics, distribution, manufacturing, and data center space upon buildout, while delivering significant economic benefits to the region.

Revitate has invested from its Impact OZ Fund 2022, LP (Revitate Impact) to support the project led by development and investment firm Mark IV Capital. The project fits the investment strategy for the firm, according to Alex Bhathal, Revitate’s Founder, Executive Chairman and Managing Partner.

Alex Bhathal

“Our partnership with Mark IV Capital on this project aligns with the mission and the purpose of our Revitate Impact strategy, which is to infuse new capital and opportunity into emerging secondary markets across the United States,” says Bhathal.

 “This community is the perfect location for our investment, both as an important logistics hub for manufacturing and distribution companies, and as a region that is positioned for ongoing economic development.”

 

The continued high demand for quality industrial product in this submarket means a project of Victory’s magnitude makes sense, adds Revitate’s Managing Director of Commercial Real Estate, Robert Lang.

 

“Northern Nevada is a highly strategic area,” says Lang. “The region’s infrastructure and central location provides unparalleled coast-to-coast access. Companies establishing their operations here will find multiple options for manufacturing and transporting goods.

Robert Lang

 "In fact, since 2015, more than 200 companies have relocated, established, or expanded their operations in Northern Nevada. Polaris, Petco, eBay, Zulily, Intuit, Sherwin Williams are just a few of the corporations that have taken advantage of Northern Nevada’s business-friendly regulations, highly trained workforce, and outstanding tax incentives.” 

Victory Logistics District will jumpstart multiple employment opportunities, creating numerous jobs in construction and auxiliary services. Additionally, companies that establish operations within the project will create jobs for local residents, as well as economic benefits for the surrounding region.  

“An important element of our Opportunity Zone strategy is to generate broader benefits to the community from the projects we support and develop,” says Lisa Merage, Co-Founder, Chief Impact Officer, and Managing Partner of Revitate.

“We’re proud and encouraged that Victory Logistics District will offer Northern Nevada significant potential for job creation and economic growth.” 

Evan Slavik

Located at the intersection of Interstate 80, U.S. Highway 50 and the future Interstate 11, Victory Logistics District will also provide on-site access to the Union Pacific and BNSF rail line, which will be aided by a planned transload facility within the project. 

The first phase of 815,000 SF was completed in 2022, and the second phase is currently under construction, expected to be complete in October of 2023.

This second phase will consist of three, Class A industrial facilities totaling 1.2 million square feet. Future phases will offer build-to-suit developments and additional speculative space. 

Rendering of Victory Logistics District

The developer’s President, Evan Slavik, says that “Mark IV Capital couldn’t be more pleased to have Revitate involved in the development of this exciting project. 

 "Their expertise in the Opportunity Zone space cannot be matched, they understand the complexities of what makes this project so unusual, and they have the ability to raise the type of equity that will be needed to keep up with the demand for industrial space in this region. 

"We look forward to having Revitate as a partner in this phase, and in future phases, of Victory Logistics District as we continue to provide best-in-class industrial space for the region's incoming and expanding industries.” )

 Contact:

Lexi Astfalk

The Smart Agency, Inc. 

(949) 438-6262 

lastfalk@thesmartagency.com

https://www.revitate.co/strategies

29SC Acquires 193-Unit Dwell Apartment Homes near Old Town Scottsdale, Arizona

Dusty Eddy

 

 Scottsdale, AZ, Feb.  2023  –29th Street Capital (29SC), a privately held real estate investment firm, acquired Dwell Apartment Homes, a 193-unit property located in Scottsdale, Arizona. This asset marks the firm’s 20th multifamily acquisition in the Phoenix Metro.

 The transaction closed Feb. 14, 2023. The sale price and seller were not disclosed. Haven Residential, the 29SC-owned property management company, will oversee management and leasing.

 “The acquisition of Dwell reinforces 29SC’s strategy of acquiring high-quality assets, in desirable locations, where we can add value to residents through upgrades and improvements,” said Dusty Eddy, Senior Vice President of Acquisitions of the Southwest Region for 29SC.

 “Residents will be able to enjoy upgraded apartments with modern amenitieswhile taking advantage of Dwell’s proximity to Old Town Scottsdale with its many entertainment options, retailers, and major employment center.”

193-unit Dwell Apartment Homes, Scottsdale, AZ

Developed in 1963/1975, Dwell is a C+ asset positioned in a Class A location. The amenity-rich community offers residents a comfortable lifestyle, with 3 swimming pools, a fitness center, a business center, a dog park, and an outdoor grilling and picnic area. 29SC plans to renovate both interior units and exterior amenities.

 Plans include converting the garden to an outdoor game area and dog park, upgrading the gym and pool areas, and enhancing the interiors by renovating units.

  Updates to the interiors involve adding smart home tech packages and upgrading kitchen appliances, countertops, backsplashes, new cabinet faces and hardware, flooring and baseboards, bathroom mirror frames, ceiling fans, and lighting packages.

Rendering of Old Downtown Scottsdale, AZ

Dwell is located behind the northwest corner of McDowell and Scottsdale Road and offers unmatched reach to several of the Valley’s most prominent employment centers, including Downtown Scottsdale, Tempe Town Lake, ASU, Midtown & Downtown Phoenix, and the Camelback Corridor.

 The city of Scottsdale is committed to attracting and retaining high-profile corporate names, including General Dynamics, HonorHealth, Vitalant, Yelp, Indeed, Banner Health, and Opendoor.

 As these employers continue to attract well-educated residents, the city continues to be the most sought-after destination in the state for those looking to capture an all-inclusive, live, work, and play lifestyle.

 

Camelback Corridor, Phoenix, AZ

Formed in 2009, 29th Street Capital is a privately held real estate investment firm with 16 offices nationwide.

 Its current portfolio consists of more than 20,000 existing units and a development pipeline of over 3,800 units. In the last year, 29SC has acquired over 21 multifamily assets across the United States that contain over 6,200 units. The firm continues to actively pursue new opportunities.

 Contact:

  Julia Eich

Director of Marketing and Communications

+1.847.977.0876

julia.eich@havenresidential.com

  29SC.com

 

Forinvestmentinquiries, please contact:

 Robb Bollhoffer,

ManagingPrincipal

29thStreetCapital

 312-933-2668|

rbollhoffer@29thstreetcapital.com

HEI Hotels & Resorts Names Cindy Murphy Regional Vice President of Operations

 

Cindy Murphy 

Norwalk, CT, Feb. 14, 2023 – Officials of HEI Hotels & Resorts, a leading hospitality investment and management company, today announced that Cindy Murphy has been named regional vice president of operations. 

 “A hospitality expert with nearly thirty years of experience, Cindy is the ideal candidate to help HEI achieve its growth goals by providing invaluable support to our general managers in the field,” said Anthony Rutledge, managing partner and CEO, HEI Hotels & Resorts. 

 

Anthony Rutledge

 “She has worked at virtually all levels of the industry, from property level positions with Embassy Suites by Hilton to corporate roles with IHG and Sonesta.

 "This vast experience provides her with a unique perspective that will benefit our entire portfolio.  Throughout her career, Cindy has demonstrated an uncanny ability to find the best in her teams. 

 "Cindy brings something ‘extra’ to the table, and we look forward to her working her magic at HEI.”

 

Prior to joining HEI, Murphy was vice president of operations and head of the Sonesta Select brand for Sonesta Hotels where she was responsible for 224 company managed hotels that generated $750 million annually. 

  She also held similar roles with IHG as vice president of franchise performance support and Trust Hospitality, LLC, as vice president of operations and technical services. 

 Murphy worked at Marriott International as senior director brand management for Marriott’s Autograph Collection and played a key role in the growth and long-term viability of Marriott’s collection of unique independent luxury and upper upscale hotels. 

 

Additionally, Murphy held leadership roles with Choice Hotels and Hilton Hotel Corp.  She is an AHLEI Certified Hotel Administrator (CHA) and is certified in hotel real estate investments and asset management by Cornell University. 

  Murphy received her Bachelor of Science in business administration with a concentration in hospitality management from DeVry University and her Master of Business Administration from Emory University Goizueta Business School.

 

 CONTACT:

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

www.heihotels.com.