PEBB Enterprises and Banyan Development Begin Construction on Delray Beach, FL Mixed-Use Project

 

Ian Weiner 

DELRAY BEACH, FL, July 10, 2023 – PEBB Enterprises and Banyan Development started construction on a project that will bring much-needed new retail and self-storage space to a prime corridor in the West Delray section of Delray Beach, FL.

  The frequent joint venture partners are developing Atlantic II on nearly 10 acres at 8778 W. Atlantic Ave.

 Atlantic II consists of a multi-tenant retail building with approximately 10,000 square feet, 100,000 square feet of self-storage and a car wash outparcel. The venture has the outparcel under contract for sale. It expects to complete the project by mid-2024.

Liberty Investment Properties is partnering with PEBB and Banyan on the development. Orlando-based Liberty has developed more than 65 successful self-storage assets across the U.S. since 1990.

Jason Sher 

 For Atlantic II, it is leveraging a recent strategic alliance with StoreEase Virtual Management to create an innovative, technology-driven experience for customers.

 A lease with Paradise Grills to occupy 6,000 square feet of the retail building has been finalized.

“We are excited to further enhance West Delray with new retail offerings and self-storage space,” PEBB President and CEO Ian Weiner said. “The area’s housing boom has created a significant need for complementary commercial real estate, and our joint venture continues to identify opportunities to fill the void.”

 

PEBB’s nearby Plaza Delray, which was completed in 2021 and has 30,700 square feet of restaurants and service-oriented retail shops, is in close proximity to the Atlantic II site.

 The new project site is also near popular retail centers Delray Marketplace and the Banyan-developed Shop Delray.

 

“These centers are capitalizing on the incredible residential growth in Northwest Boca Raton and West Delray,” Banyan Development Principal Jason Sher said. “Our venture looks forward to building upon our market knowledge and successful West Delray portfolio with Atlantic II.”

  Contacts:

Eric Kalis/Daniel Benjamin

954-370-8999

ekalis@boardroompr.com

dbenjamin@boardroompr.com

 

For Atlantic II leasing inquiries, please contact

 Chris Stewart

561) 613-4020

 cstewart@pebbent.com or

 

Jenny Schuemann

 jschuemann@pebbent.com.

https://pebbenterprises.com/.  

www.banyandev.com.

RKW RESIDENTIAL Ascends to No. 2 in J Turner Research’s 2023 ORA® Power Ranking

Marcie Williams 

 Charlotte, NC - RKW Residential, one of the nation’s fastest-growing multifamily management firms, just achieved another significant milestone by surging to No. 2 in one of the industry’s most respected resident satisfaction rankings. The firm produced the nation’s second-highest online reputation score in the J Turner Research’s 2023 ORA® Power Ranking.

In the newly released ranking, RKW also climbed from Division III to Division I due to the firm’s recent debut in the National Multifamily Housing Council’s (NMHC) 2023 Top Property Managers list of the nation’s 50 largest apartment managers.

 

Each year, J Turner Research partners with Multifamily Executive to publish the rankings, which recognize the highest-performing communities and management companies in ORA®.

 

 The organization’s model encompasses ratings from a comprehensive range of review sites and internet listing services, resulting in a single score on a 0-100 scale.

 

“This incredible accomplishment means so much because it centers on the extraordinary living experiences we provide to our residents,” RKW CEO Marcie Williams said. “I am deeply appreciative of every RKW team member and congratulate them for making this distinction possible.”

 Founded just eight years ago, RKW is one of the industry’s most compelling entrepreneurial success stories in recent memory. The company also made MHN’s annual “Top Property Managers” list for the fourth consecutive year, ranking No. 27 in the 2022 edition.

 

The J Turner and NMHC distinctions come shortly after RKW continued its rise up another key national ranking based on resident satisfaction and operational excellence.

 

The firm moved up five spots to No. 36 in the National Multifamily Housing Council’s 2023 Top 50 Managers ranking, which is based on portfolio size as of Jan. 1, 2023, 

 

 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.rkwresidential.com.

 

 

Jose Candelario Unveils his 'American Dream' -- a Full-Service Insurance Agency in Brevard County, FL

 

Jose Candelario 

Cocoa Beach, Brevard County, FL – Growing up as a young boy in Puerto Rico, 43-year-old Jose Candelario loved saving money.

 “I remember I wanted to be like Jerry Maguire from the movies,” Candelario said. Beginning this Monday, the Brevard County business pro will launch his very own Space Coast mission designed to “show customers the money.”

The Melbourne resident will unveil his American Dream when he opens the doors to Brightway, The Candelario Family Agency insurance office on A1A in Cocoa Beach next week.

The son of a Puerto Rican chemical engineer and telephone company specialist, the insurance industry back on the island is something that its three million residents are very in touch with.

“Back in 2017, Hurricane Maria turned everything upside down in Puerto Rico,” Candelario recalled. “Homes, cars, businesses and anything that wasn’t locked down to the ground was airborne. My in-laws even saw their clinical lab damaged, but insurance played a huge part in getting it back online.”

Part of the reason for their move to Florida was his wife’s career.  Arleene came to work as a pediatrician with ER experience in Brevard.

  The outlet didn’t have a Spanish-speaking physician, so she was able to be a huge help,” Candelario added. “From there, she helped open the urgent care unit of the clinic and better the service reach to all patients in the area.

Puerto Rico

 

"There is such a large Hispanic population here and she’s been able to help. Now, my agency will be one more way we can assist those in need.”

With more than 20 years of insurance and investment experience, Candelario holds a bachelor’s degree in general studies from the University of Puerto Rico and a master’s degree in international marketing from Phoenix University.

Brightway, The Candelario Family Agency offers customized Home, Flood, Auto, Boat, Condo, Renters, Personal Articles, RV, Motorcycle, Umbrella, Commercial and Life insurance policies from numerous insurance companies. 

About Brightway Insurance

 Established in 2008, Brightway grew to become one of the largest privately-owned property/casualty insurance distribution companies in the U.S. with more than 300 franchises in 37 states and more than $1 billion in annual premiums. 

  Contacts:

 

 Don Foley

 Brightway Public Relations
Phone: 904.490.8649
Email: don.foley@Brightway.com

 

BrightwayCandelario.com

PH:  321-280-2500.

1980 North Atlantic Avenue, Suite 607,

Cocoa Beach, FL

 

Bandon Capital Advisors arrange financing for 3.11-acre site with industrial outdoor storage and two single-tenant industrial assets totaling 20,646 SF in southern California

The 3.11-acre site in Costa Mesa, CA,
 which includes a 12,588 square-foot truck and
automotive maintenance facility and office building,
has been leased to a group of local Hyundai dealerships

LOS ANGELES, CA – Bandon Capital Advisors, a leading commercial mortgage banking and capital advisory firm based in Los Angeles, California, recently arranged a loan transaction of $11.5 million for the refinancing of a 3.11-acre covered-land industrial site with space for Industrial Outdoor Storage (IOS) in Costa Mesa, California, and secured $5 million in financing for two single-tenant industrial assets in Burbank and Pico Rivera, California on behalf of its client, BLT Enterprises.

The single-tenant properties are located at 2901 Thornton Avenue, Burbank, CA, and 7748 Industry Avenue, Pico Rivera, CA.

The 3.11-acre site, which includes a 12,588 square-foot truck and automotive maintenance facility and office building, has been leased to a group of local Hyundai dealerships. The tenants plan to use the property at 3539 Howard Way, Costa Mesa, CA, as a reconditioning, repair, and storage location for its fleet.

There is a rising call for IOS properties as e-commerce exploded during the pandemic.  As logistics companies look for last-mile delivery locations, industrial properties with excess land are in high demand, according to Bryan Kenny, Co-Founder and President at Bandon Capital Advisors.

 Bryan Kenny

“Both online shopping and consumers’ call for quick delivery services, which escalated during the pandemic, show no signs of abatement,” says Kenny. 

“Given the rise of ecommerce and subsequent increased need for storage and transportation properties across the United States, we’ve seen the IOS segment soar in recent months – particularly in Southern California, as available industrial space grows scarcer and rental rates continue to climb. 

"IOS fills a critical need for logistics companies, especially in markets with little or no remaining vacant land, Kenny adds. “This is a growing asset class garnering the attention of institutional capital over the past few years.”

Contacts:

Sophia Reznicek/Lexi Astfalk  

The Smart Agency

(949) 438-6262

sreznicek@thesmartagency.com

https://bandoncapitaladvisors.com/

Miami Realty Executive Austin Hollo named to the Greater Miami Chamber of Commerce Executive Committee and to the United Way Miami Board of Directors

Austin Hollo

MIAMI, FL – Florida East Coast Realty (FECR) Chief Operating Officer, Austin Hollo, has been newly appointed to the Greater Miami Chamber of Commerce (GMCC) Executive Committee, as well as to the United Way Miami Board of Directors.

 The Chamber represents more than 400,000 member company employees. Hollo serves on the GMCC Board of Directors and New World Center Committee, as well.

 “Since joining the Chamber, I have seen tremendous progress in promoting Miami’s vibrant business community,” said Hollo. “It is truly an honor to be selected, and I am excited to continue working together with GMCC’s President & CEO, Alfred Sanchez, to fuel the advancement of our great city.”

 Alfred Sanchez

Hollo is also a long-standing member of the Young Leaders Executive Committee for United Way Miami.

 Austin Hollo joined FECR in 2009, as the third generation of the Hollo family to be welcomed into the company.

 He focuses on the development of upcoming projects, the marketing and positioning of existing properties, and the coordination of property management and leasing activities, as well as the company’s strategic vision, day-to-day administration and operations, and business development.

 Further, he is integrally involved in all financing efforts, oversees the company’s risk management and insurance portfolio, and is responsible for underwriting and evaluating any real estate acquisitions and investments.

Tibor and Sheila Hollo

Additionally, Hollo serves on the Advisory Boards for Florida International University’s Tibor and Sheila Hollo School of Real Estate and Center for Leadership, as well as on the Board of Directors, Funding Development Committee, and New Leaders Taskforce (Past Chair) for the Miami-Dade Beacon Council.

.About Florida East Coast Realty

 Founded over 60 years ago by Tibor Hollo, Florida East Coast Realty (FECR) has built more than 60 million square feet of construction, consisting of landmark residential and commercial high-rises, single-family homes, government buildings, marinas, high-end retail centers, warehouse complexes, and telecommunications centers.

 

 Contacts:

Don Silver / Max Brodsky

BoardroomPR

 954.370.8999  

donsil@boardroompr.com 

 mbrodsky@boardroompr.com, 

both for Florida East Coast Realty

 

 

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 | 

 

www.fecr.com

 

 

 

Northmarq’s Houston office brokers 1031 exchange of The Shoppes at Town Square in Deer Park, TX

Shoppes at Town Square, Deer Park, TX

HOUSTON, TX — Northmarq’s vice president Riley Sharman  arranged the sale of a 11,692 sq. ft. shopping center located at 3709 Center St in Deer Park, Texas.

Riley Sharman 

 At the time of sale, the strip center was leased to five tenants. Sharman represented the seller, a Florida-based private investor. A local investor purchased the property in a 1031 exchange.

 Northmarq’s Houston debt and equity team of Larry Peters and Michael Borden secured financing for the buyer.

 “The seller was able to beneficially exercise a tax-deferred exchange and diversify his portfolio by acquiring assets in the Southeastern U.S.,” said Sharman. “One interesting factor was the limited inventory of retail strips for sale in this submarket, and my team was able to produce multiple offers for the seller.”

Larry Peters

The Shoppes at Town Square is situated southeast of downtown Houston and off the highly trafficked intersection of Center Street and East Pasadena Boulevard, which sees over 24,000 cars per day.

 The property is 75 percent occupied by a restaurant and other service-oriented tenants and adjacent to a 264-unit multifamily community.

 The Shoppes at Town Square benefits from the surrounding five-mile retail trade area with neighboring national tenants such as Starbucks, CVS Pharmacy and Planet Fitness.

Michael Borden 

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.”

 www.Northmarq.com.

 

 

 

 

JLL’s Hotels & Hospitality group brokers sales of Home2Suites and Residence Inn hotels near major universities in Alabama and Virginia

Residence Inn Tuscaloosa, a 111-key hotel
in Tuscaloosa, AL

 

WASHINGTON, DC –  JLL Capital Markets has arranged the sale of Home2Suites by Hilton, a 103-key hotel in Blacksburg, Virginia, and the sale of the Residence Inn Tuscaloosa, a 111-key hotel in Tuscaloosa, Alabama. The prices were not  disclosed.

 

JLL represented the seller, KM Hotels, and procured the buyer, Mission Hill Hospitality.

Home2Suites by Hilton, a 103-key hotel
in Blacksburg, VA

Home2Suites by Hilton in Blacksburg is located at 1321 Rugby Ln., which is nestled in the scenic New River Valley and surrounded by the Blue Ridge and Alleghany Mountains. The property is under a mile from Virginia Tech University and 15.5 miles from Radford University.

. Located at 211 Rice Mine Rd. Loop, the Residence Inn Tuscaloosa is situated along the banks of the Black Warrior River, a short drive from downtown and the University of Alabama.

Ketan Patel

The JLL Hotels & Hospitality group team was led by Managing Director Ketan Patel.

Patel stated “I would like to thank KM Hotels for once again allowing us to represent them and also appreciate yet another seamless transaction from Mission Hill.

"This deal and others we have closed recently in the select service/extended stay space show that demand is still robust for similar type assets and we can achieve great results for our clients despite the market headwinds.”

 Alleghany Mountain range, West VA

JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling $83 billion worldwide.

 The group’s 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments.

Blue Ridge mountains, Virginia

Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.

 

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

Contact:

 

Alli Semans

 Public Relations, Associate

Phone: +1 330 329 6750

Email: Alli.Semans@jll.com

 

jll.com