JLL represents Jeans Warehouse in acquisition of two industrial facilities in Halawa Valley, Honolulu

 

Cullen Oesterly

HONOLULU, HI., May 10, 2023 –– Confirming continued demand for Honolulu industrial space, JLL announced today that Jeans Warehouse, a leading apparel retailer, has acquired a 16,000-square-foot industrial facility located at 99-984 Iwaena Street in the Aiea neighborhood of Honolulu, Hawaii. 

 

 The price was not disclosed. The new building will be used for product warehousing, online marketplace, and photo studio.

 

The acquisition of 99-984 Iwaena Street comes of a few months after Jeans Warehouse acquired an 18,500-square-foot industrial facility located at 99-910 Iwaena Street in the Aiea neighborhood of Honolulu, Hawaii for distribution and administration.

 

JLL Vice President Cullen Oesterly represented Jeans Warehouse in both acquisitions as well as the seller of the most recent acquisition, CTY Investors, Ltd.

99-984 Iwaena Street in the Aiea neighborhood
 of Honolulu, Hawaii

“Jeans Warehouse chose these two buildings because of their location, building quality, property configuration and proximity to its stores and other facilities,” said Oesterly. 

 

 “Honolulu continues to experience a scarcity of functional and centrally located large warehouse space following a post-pandemic shift in ecommerce demand.”

 

 

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.”

 

 

Michael Zimmerman joins Northmarq as vice president in net lease investment sales

Michael Zimmerman 

 

 Durham-Chapel Hill, NC, May 10, 2023 — Northmarq’s investment sales team has announced the addition of Michael Zimmerman as vice president – commercial investment sales.

 

Zimmerman specializes in the disposition and acquisition of single tenant and triple net lease retail properties, further expanding Northmarq’s commercial investment sales. 

 

With over 20 years in the commercial real estate business, Zimmerman has been involved in over $1 billion of sales for shopping centers, single tenant, strip centers, office buildings and land deals.

 

Prior to Northmarq, Zimmerman served as principal owner at Ground & Space. He has also served as a Partner at Atlantic Retail Properties and a Managing Director at Calkain Companies.

 

Daniel Herrold

In his new role, Zimmerman joins the commercial investment sales team led by Daniel Herrold, senior vice president of Northmarq’s Tulsa office. Zimmerman will be based in Chapel Hill, North Carolina.

 

“I’m excited to have Michael join our team,” said Herrold.  “Michael is a veteran in the net lease space having over 20 years of experience in the business.

 

"We needed to fill a void in our team of focusing on retail investors and developers throughout the Southeast, and Michael fits that void perfectly with his existing clients and business activity.”

 

Zimmerman is a graduate of San Diego State University and holds a broker’s license in North Carolina and Florida. He also is a long-time member of the International Council of Shopping Centers.

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’s Portland Capital Markets team hires Nick Davino as Director

 

Nick Davino

PORTLAND, OR, May 10, 2023 –JLL Capital Markets announced today that Nick Davino has joined the firm as a Director focused on office and industrial investment sales and advisory transactions in its Portland office.

 

Davino will work alongside Managing Director Buzz Ellis to build out the Portland office and industrial investment sales and advisory team.

 

“We’re in a really interesting time for commercial real estate and particularly office, which is why it’s more critical than ever that we have the best teams on the field to advise our clients on the road ahead,” said Ellis.

 

“I’m excited that Nick has joined the team and I look forward to working with him to unlock value for our owner clients as well as identify areas of opportunity for our investor clients.”

Buzz Ellis

Davino began his commercial real estate career in 2020 and quickly rose to one of the top producers for the Pacific Northwest region at his prior firm.

 He was honored as the 2021 Rookie of the Year in his local Portland office and went on to close more than $75 million in office and industrial transactions in his first few years.

 

Davino graduated with a Bachelor of Science degree in Business Administration from Oregon State University.

 

For more news, videos and research resources, please visit JLL’s newsroom.

 CONTACT:

 

 Kristen Murphy

Director, Public Relations, Americas

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@jll.com

 

jll.com

 

Ware Malcomb Promotes René Sanchez to Director, Architecture in Mexico City Office

René Sanchez

 

 MEXICO CITY, MEXICO– Ware Malcomb, an award-winning international design firm, announced René Sanchez has been promoted to Director, Architecture in the firm’s Mexico City office.

 In this role, Sanchez is responsible for leading the growth and management of the architecture studio in the Mexico City and Monterrey offices.

“René has made an enormous contribution to our office in his almost 10 years with Ware Malcomb,” said Andres Galvis, Principal for the firm.

 “Thanks to his leadership, we have diversified into senior housing, education, retail and multistory distribution projects, and look forward to significant continued growth in our region.”

Sanchez was promoted from his previous role as Studio Manager, working with the firm’s regional client base, managing its main accounts, and growing the internal team.

  His colleagues credit Sanchez for single-handedly establishing the firm’s business in the Torreon region of Mexico through his relationships and leadership.

Andres Galvis

His vast architectural experience includes industrial, office, retail a wide variety of industrial, commercial and corporate projects.

Sanchez earned a bachelor’s degree in architecture from Universidad Autónoma de Baja California.

 Ware Malcomb expanded to Mexico City in 2013, and in 2022 opened its second Mexico-based office in Monterrey. Since 2003, Ware Malcomb has designed more than 500 projects in 22 states across Mexico.

CONTACTS:

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

rachel@kcomm.com

 

Maria Rodgers,

Director, PR & Communications

 949.660.9128

 mrodgers@waremalcomb.com

 

Maureen Bissonnette

Principal, Marketing

 949.660.9128

 mbissonnette@waremalcomb.com

StorageCafe Notes Self Storage Popularity Surging in Central Florida

 

Francis Chantree

 SANTA BARBARA, CA -- The self storage industry may not be considered glamorous, but it is one whose growth and resilience is a response to people’s very practical needs for extra space, according to StorageCafe's senior editor Francis Chantree.

 

 Recent trends like the adoption of hybrid work, apartment sizes getting smaller, as well as migration patterns from urban to suburban areas have created new needs for storage units, Chantree notes.

  "Add those to other key demand drivers like baby boomers downsizing, the thriving RV market and the recent e-commerce boom and you have a self storage sector poised for more growth," he says.

To get a grasp of the latest self storage trends, who most uses storage away from home, and what drives both homeowners and renters to use self storage, "our analysts at StorageCafe asked almost 18,000 Americans about their storage preferences.

 Here are the key findings from our survey:

• Across America, 21% of people declared themselves to be self storage users in 2022 and an additional 15% said they intend to take advantage of the service in the future.

• Top self storage users by generations: Gen-Xers make up the biggest share of storage users in the U.S (23%). They are followed closely by millennials, who have started feeling the need for extra storage space, perhaps because of growing families and increased spending power. Roughly 21% of millennials declared they are using the service.
•  
• Main reason for using self storage: Shrinking apartments created a strong need for extra space. Roughly 40% of current storage users reported lack of space at home as their primary reason for renting self storage, overtaking relocating, which was reported by 34%.
•  
• The item most common kept away from home is furniture, followed by clothing. Additionally, people also store home appliances, sporting items and hobby gear, as well as business items. Yet, tales of the strange things found in storage units are abundant.

• 
  
• The most interested cities: Orlando was 10th and Tampa 18th in terms of average monthly searches. Both cities had some of the largest spikes in searches from 2019 to 2022, with interest in storage jumping an astounding 244% for Orlando and 223% for Tampa.
• 
  
• Currently, the average cost of a 10'x10' storage unit in Orlando is $116/month, down 1.7% compared to last year, while in Tampa rents average out at about $120/month, a decrease of 3.2% compared to last year.

Please find all the survey results at https://www.storagecafe.com/blog/a-fifth-of-americans-rent-self-storage-gen-xers-lead/

 CONTACT:

 

Michelle Aura

aura@yardi.com

Formula Fig to open new location in Culver City, CA

Maureen Hawley

 

 LOS ANGELES, CA –– Confirming consumer’s appetite for innovative healthcare experiences, JLL has signed a 1,000-square-foot lease at The Culver Steps, 122,000-square-foot office and retail destination located at 9300 Culver Boulevard in Culver City, California. 

Devin Klein

 This is Formula Fig’s second location in the Los Angeles area and the United States.  The store is scheduled to open at the end of 2023.

 Formula Fig is a pioneer of experience-led, science-forward skincare destinations. Its Immersive locations offer an innovative range of 30-minute, best-in-class technology-driven facial treatments and medical aesthetics injections.

 

Female-founded, it is powered by deep beliefs in community, design, and service - helping all guests give a fig about their skin.

 

Tony Morales

JLL’s Maureen Hawley, Devin Klein, Tony Morales, and Houman Mahboubi represented Formula Fig in the lease. 

 

 The landlord, Hackman Capital Partners, was represented by Lee Shapiro and Christine Deschaine of Kennedy Wilson.

 “After a comprehensive search, Formula Fig chose The Culver Steps for its second United States and Los Angeles location because of its premier location and growing submarket,” said Devin Klein, JLL Vice President. 

Houman Mahboubi

 “We continue to see pioneering concepts like Formula Fig look to key Los Angeles areas to grow their business.”

 About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy and invest in a variety of commercial, industrial, hotel, residential and retail properties.

 A Fortune 500 company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise.

Christine Deschaine

 Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities see a brighter way.

 Lee Shapiro

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

 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.

 

NewMark Merrill Companies, Inc. Promotes Michael Mendez to Vice President of Operations of NewMark Merrill South

 

Michael Mendez

San Diego, CA – NewMark Merrill Companies, Inc., a Calabasas, California-based retail shopping center owner and development company, is pleased to announce it has promoted Michael Mendez to Vice President of Operations of NewMark Merrill’s Southern Region in California, covering San Diego County and surrounding areas. Previously, he served as Regional Property Manager for the same region. 

 

Mendez joined NewMark Merrill as an assistant property manager in the South Region in 2004 when the company owned and operated five properties in the market.

 

With his assistance, the company has grown its South Region portfolio to 33 properties encompassing 3.3 million square feet and valued at more than $1 billion. 

Sandy Sigal

"We have a great team at NewMark Merrill and Michael is one of our stars," stated Sandy Sigal, President and Chief Executive Officer of NewMark Merrill Companies. "Since joining our firm over 18 years ago, Michael has continued to contribute in exceptional and creative ways, always exceeding the needs of our merchants and customers.

 

"He also has an amazing understanding of how our centers fit into the overall success of the community and fosters the team spirit that has helped our company grow and have success in our mission.” 

 John Hickman

“Michael's leadership is exceptional, most recently on display in the way he brilliantly led our San Diego team through the extraordinary challenges to our properties and communities during the pandemic,” said John Hickman, Managing Director of NewMark Merrill South.

 

“Our firm is committed to a culture of supporting our employees and merchants to make our communities better, and Michael lives our company’s mission in the way he thoughtfully leads by example, has a command of our vision, and special talents that helps make our company special.” 

 

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.”