Monday, April 8, 2024

30-year industry veteran Rebecca Durney joins JLL’s Value and Risk Advisory platform

 

Rebecca Durney

CHICAGO, IL, April. 8, 2024 – JLL’s Value and Risk Advisory platform has hired Rebecca Durney, PE CEM, as the National Agency PCA Director within its Environmental and Property Conditions team, led by Jeff Manas, Executive Managing Director.

 

An experienced 30-year industry veteran, Ms. Durney will play an integral role in ensuring JLL’s Fannie Mae and Freddie Mac-compliant property condition and engineering reports are written to increased Agency Guide standards.


Mary Bruno


 She will work closely with Mary Bruno, National Director of Agency Due Diligence, JLL Value and Risk Advisory, to oversee this powerful new service offering for Fannie and Freddie clients.

 

 As part of this offering, Ms. Durney will also oversee the “Green” product line, which includes Fannie Mae High Performance Building and Freddie Mac Green Advantage assessments.

 

Prior to joining JLL, Ms. Durney served as the Vice President of Building Assessment, Agency, at CBRE. She has extensive experience in facility condition assessment for lending transactions, acquisition and capital planning.


Jeff Manas


 Additionally, she is well versed in design and commissioning of HVAC systems, construction monitoring and energy auditing. Prior to her role at CBRE, she was a Senior Project Manager with MOCA Systems, where she was embedded with the U.S. Army Corps of Engineers at Dover Air Force Base to support numerous construction projects.

 

Ms. Durney is a Registered Engineer, Certified Energy Manager (CEM) and holds a Bachelor of Science degree from the University of Delaware.

 

“We understand the value specialized expertise brings to the team, particularly for the agencies where they have increased reporting standards as of late,” said Bruno. “I’m really excited to have Rebecca on our team and her impressive background and level of expertise will undoubtedly be a value-add for all of our agency and multi-housing clients.”

  

For more news, videos and research resources on JLL, please visit our newsroom.

 

  

CONTACT:

 

 Kristen Murphy

Director, Public Relations

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

Peachtree Group Expands Executive Team with New Elevations

 

Michael Harper

ATLANTA, GA, April 8, 2024 – Peachtree Group ("Peachtree") announced the elevation of three senior executives, expanding their roles to strengthen the firm’s executive leadership team.

The promotions include Michael Harper to president of hotel lending, Jared Schlosser to executive vice president of hotel lending and head of CPACE and Michael Ritz to executive vice president of investments.

"These appointments underscore Peachtree's commitment to its core growth initiatives in hotel lending, as well as fostering talent from within our own ranks, with an eye toward further diversifying its allocation strategies as it taps into new investment opportunities," said Greg Friedman, Peachtree's CEO and managing principal.

Jared Schlosser 

Since joining Peachtree in 2014, Harper has distinguished himself through a succession of leadership roles, directing the company's credit business, particularly in loan originations and strategic acquisition of credit portfolios.

Since joining, he has led the team through over 500 investments totaling over $6 billion. As president, he is responsible for the entirety of Peachtree's credit platform for hotels, guiding all facets of the credit business.

Schlosser's promotion to executive vice president of hotel lending and head of CPACE reflects his exceptional performance and extensive knowledge of the hotel loan origination processes and the firm's Commercial Property Assessed Clean Energy (CPACE) program.

 Michael Ritz

His significant contributions since joining the firm in 2019 have been crucial in advancing Peachtree's CPACE program, which now exceeds $800 million in transactions and has become one of the largest in the U.S.

Furthermore, since taking over hotel originations at the start of 2022, Peachtree has completed more than $1.5 billion in hotel loans, further demonstrating his expertise and effectiveness in these dual roles.

Ritz has been elevated to the position of executive vice president of investments and will oversee Peachtree's credit and equity investments across commercial real estate and other ventures. 

 He joined Peachtree in 2017, and his promotion recognizes his expertise in successfully managing and growing a portfolio of investments that is now approaching $10 billion in transaction asset value.

 Peachtree was recently ranked as the tenth largest U.S. commercial real estate hotel lender, its third consecutive year in the top ten, by the Mortgage Bankers Association ("MBA") 2023 loan origination rankings.

 

 

 

CONTACTS:

 

 

Charles Talbert

678-823-7683

ctalbert@peachtreegroup.com

 

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

BakerHostetler serves as legal counsel to DC Partners in Design Build Partners deal

 

Tess Wafelbakker

 NEW YORK, NY --  BakerHostetler recently served as legal counsel to DC Partners, a Texas-based real estate and development firm, in its acquisition of Design Build Partners, the New York-based design and development of mixed-used properties.


 Cleve Glenn 

This partnership brings together DB Partners, acclaimed for its project delivery expertise, with the platform, financial strength and versatility of DC Partners in completing developments of varying sizes and asset types.

 

BakerHostetler partner Clleve Glenn said  "the combined synergy of these two teams together signifies a powerful force in shaping the future of mixed-use real estate development and investment in thriving urban and rural markets alike."

 

The BakerHostetler team includes partner Cleve Glenn and associate Tess Wafelbakker, both based in Houston.

 

 

CONTACT:

 

John Garger

516-405-3113

 jgarger@rippmedia.com

 

https://www.dbpartners.us/

 

 

 

 

Sunday, April 7, 2024

JLL Capital Markets secures $65 million loan for Wateridge, a six-building office and retail campus in West Los Angeles

  

Wateridge, West Los Angeles
(photo by Paul Bubny)


LOS ANGELES, CA – JLL Capital Markets has arranged $65 million in refinancing for Wateridge, a six-building, office and retail campus totaling 583,580 square feet in West Los Angeles, California.


Todd Sugimoto
JLL worked on behalf of the borrower, LPC Realty Advisors I, LLC, an investment advisory affiliate of Lincoln Property Company to secure the five-year, fixed-rate financing with Deutsche Bank.

 

Built between 1989 and 2005, Wateridge’s campus spans 21 acres and consists of three multi-tenant office buildings, a single-tenant medical office, a standalone 24-hour fitness facility and a multi-tenant strip retail center.

 

The property is 80 percent occupied and leased to credit-tenants including Kaiser Health Foundation, the County of Los Angeles and Providence Health.

 

The JLL Capital Markets team was led by Managing Directors Todd Sugimoto and Mark Wintner and Director Chad Morgan.


 Mark Wintner
“The LPC team has done a terrific job transforming Wateridge since their initial acquisition,” said Morgan. “The combination of strong cash flow and institutional ownership within West Los Angeles were instrumental to the successful refinance.

 

 "We greatly appreciate the efforts amongst all parties involved to execute in today’s challenging environment.”

 

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 sales and 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.


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

 

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.   

 







CONTACT


Alli Stent

PR, Hotels & Hospitality

 Capital Markets

Chicago | JLL
M +1 330 329 6750

First National Realty Partners Reaches 100% Occupancy with Three New Leases at Haymarket Village Center in Virginia

 Fred Battisti
 

 Haymarket, VA – First National Realty Partners (FNRP), a leading national private equity commercial real estate firm, announced that Haymarket Village Center in Haymarket, Virginia is 100 percent leased.

 

The finalization of three new lease deals signifies the completion of a major part of the property’s business plan.

 

This milestone comes on the heels of successful lease deals with: Nova Patient Care, a regional urgent care provider, which has secured a 1,600-square-foot space.

Cin Dental, a regional dental operator, signed a lease for a 1,824-square-foot office space.

BeBop, a popular and growing restaurant chain, leased a 1,575-square-foot space, bringing a new and exciting dining option to the center.

 Bret Nesbitt

These additions significantly enhance the tenant mix at the shopping center, introducing new retail concepts and catering to a wide range of customer needs.

“We are thrilled to achieve fully leased status at Haymarket Village Center,” said Fred Battisti, chief revenue officer. “The leases with Nova Patient Care, Cin Dental and BeBop demonstrate the strong demand for well-located retail space in Haymarket.

"These tenants add diversity and value to the center, providing residents with convenient access to essential services and new dining options.”

FNRP's leasing strategy at the center extends beyond new tenants.

The firm has also secured six lease renewals with existing tenants, including Divine Nail Spa, Jersey Mike's Subs, Starbucks, Smoothie King, Sports Clips, and Verizon, further securing the center as a premier shopping destination for the Haymarket Community.


 Haymarket Village Center 

“Our leasing team's expertise in maximizing properties shines through with this strategic mix of acquisitions, renewals and backfills, an approach that ensures long-term success," said Bret Nesbitt, VP of Leasing. 

“Our commitment to proactive asset management and focus on securing high-quality tenants is the cornerstone of our continued efforts at the Haymarket Village Center and across our portfolio.”

FNRP provides accredited investors with access to institutional quality commercial real estate assets specializing in necessity-based real estate: grocery-anchored retail, multifamily, and industrial and sourcing opportunities both on and off-market nationwide.

 

 From acquisition to disposition, FNRP oversees the entire investment lifecycle 100% in-house, leveraging top talent in legal, acquisitions, leasing, and other key areas

 

CONTACT

Jessica Shein

Account Director

jshein@boardroompr.com

C 954-817-9389

O 954-370-8999

Web | Facebook | Instagram | LinkedIn 

 

www.fnrpusa.com.

 

Saturday, April 6, 2024

Sperry Commercial Global Affiliates Changes Name to SPERRY

Mark Hinkins

 Irvine, CA – Sperry Commercial Global Affiliates, a leading commercial real estate firm specializing in the investment sales brokerage, leasing brokerage, business brokerage, property management and investment of commercial real estate, is changing its name to SPERRY and introducing a new logo for its U.S. operations.  For the company’s international operations and expansion, it will be named SPERRY Global.

 The new name and logo provide the company with a streamlined opportunity for more recognition, more acceptance, and more business.  It will be rolled out immediately to its affiliates.

 

“The new name reflects not only the industry in which we operate but takes our increasingly competitive and diverse brand and positions us in a more relevant and competitive way,” said Mark Hinkins, CCIM, FRICS, global president at SPERRY.  




“Today we are bigger, bolder, stronger, and better situated within the industry to grow and to be competitive locally, regionally, nationally, and internationally.”

 

Hinkins went on to say “We are aggressively and strategically looking to expand throughout the United States and internationally. Beginning this year, we are launching our master country franchise program in Australia, Vietnam and India and making them available for select countries around the world.  


"SPERRY has the platform, collaboration, technology and culture to attract key brokerage offices and teams to the firm.” 

 

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.”