NAIOP South Florida Announces Finalists for 2017 Awards of Excellence

  

 

Jules R. Morgan

 FORT LAUDERDALE, FdL – NAIOP South Florida, a Commercial Real Estate Development Organization, has announced the finalists for its Awards of Excellence, which will take place on Thursday, March 16 from 5:30 to 9 p.m. at The Ritz Carlton, located at 1 N. Fort Lauderdale Beach Blvd. in Fort Lauderdale.

 The Awards of Excellence recognize individuals and organizations whose achievements have contributed to the local commercial real estate industry, benefitted the regional business environment and facilitated economic growth.

 “It was a tough job for our esteemed group of judges to determine the finalists, all of whom deserve to win,” said NAIOP Executive Director Jules R. Morgan. “We are looking forward to this year’s Great Gatsby-themed event, which will spotlight the achievements of our winners and celebrate NAIOP South Florida’s 40th anniversary with the flair of the Roaring 20s.” 

Award categories and finalists include:

 Industrial Lease Transaction of the Year

×          Flagler Station, Newmark Grubb Knight Frank

×          Graybar at Port 95 Business Center, Cushman & Wakefield and CBRE

×          Neutralogistics Expansion, Blanca Commercial Real Estate

×          Princess Cruises at Prologis Port 95 Commerce Park, CBRE, Inc.

 Industrial Sale of the Year Over $50 Million

×          South Florida Logistics Center, CBRE Group, Inc.

Industrial Sale of the Year Under $50 Million

×          Palm Beach Small Bay Industrial Portfolio, Cushman & Wakefield & CBRE

×          Prologis South Florida Portfolio, HFF

×          Prologis 26.2-Acre Land Sale, Cushman & Wakefield

 Industrial Broker of the Year

×          Team of T. O'Loughlin and L. Genet, CBRE, Inc.

×          Team of C. Metzger, R. Etner, C. Thomson and M. McAllister, Cushman & Wakefield

×          S. Rodriguez, Duke Realty

 Office Lease Transaction of the Year

×          Boca Raton Innovation Campus (BRIC), Butters Realty & Management

×          Dell Corporation Comcast, CBRE, Inc. and Colliers International South Florida

×          Health Care District of Palm Beach County at Flagler Waterview, NAI/Merin Hunter Codman, Inc.

×          General Services Administration at SunTrust International, Tower Commercial Real Estate

 Office Sale of the Year Over $50 Million

×          110 Tower, Cushman & Wakefield

Douglas K. Mandel

×          Southeast Financial Center, HFF

×          Esperanté Corporate Center, CBRE Group, Inc.

Office Sale of the Year Under $50 Million

×          200 Southeast First Building, Marcus & Millichap

×          Stemtech Square, Grover Corlew

×          Northpoint Corporate Center, Marcus & Millichap

 Office Broker of the Year – Investment Sales

×          Team of C. Lee, J. Lobon, A. Julian, A. Chilgren, M. Minaya, J. Chick and T. Ploshnick of CBRE

×          Team of S. O’Donnell, D. Montazemi, J. Hochman, M. Alcivar, G. Miller, S. Okon, J. Crowley and H. Peckhaus of Cushman & Wakefield

×          D. Mandel of Marcus & Millichap

Office Broker of the Year – Leasing

×          Team of G. Martin, J. Cope and P. Moore of Avison Young

×          Team of T. Blanca, D. Linares, J. Ruiz, A. del Corral and F. Eternod of Blanca Commercial Real Estate

×          Team of J. Blunk, L. Oswald and C. Glaria of Tower Commercial Real Estate

 Renovation/Rehab Project of the Year

×          Fountain Square, NAI/Merin Hunter Codman

×          Plantation Pointe Redevelopment, Torburn Partners

×          The Courtyard at Broken Sound, Butters Realty & Management

 Creative Deal Maker of the Year

×          Hyatt Regency Pier Sixty-Six Resort & Marina, CBRE Group, Inc.

×          Plantation Pointe Drainage Reconfiguration, Torburn Partners

×          Raymond James Coral Gables, Cushman & Wakefield

Project of the Year

×          Centergate at Gratigny II, Gibson Development Partners (recently merged with Foundry Commercial)

×          Hillsboro Technology Center, Bristol Group & Butters

×          Turnpike Crossing, Duke Realty

Brickell City Center

Developer of the Year

×          Bridge Development Partners

×          Liberty Property Trust

×          Torburn Partners

Game Changer of the Year

×          Brickell City Center, Swire Properties

The winner of the Member of the Year award will be announced during the ceremony.

The recipient of the 2017 Lifetime Achievement Award is Alice Lucia Jackson, who recently retired from JLL as senior vice president. Her contributions to the South Florida real estate community and NAIOP merit the same recognition awarded to Edward Ansin, Armando Codina, Doug Eagon, Terry Stiles and others.

For a complete copy of the company’s news release, please contact:

: 954-776-1999

Pierson Grant Public Relations

Lexi Robinson, ext. 255

lrobinson@piersongrant.com

Marcus & Millichap Announces Four Promotions in Tampa, FL Office

 

Michael Mele

 TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has promoted four professionals in its Tampa, FL office. according to Ari Ravi, regional manager

They are:

Michael Mele named a senior managing director investments, moving from senior vice president investments. Mele specializes in self-storage property investments and is a senior director of Marcus & Millichap’s National Self Storage Group. He has been with the firm since 1999.

Steven Ekovich, a senior vice president investments, moving from a first vice president investments. Ekovich specializes in golf and lesuire investment properties and is a senior director of Marcus & Millichap’s National Hospitality Group. He has been with the firm since 1988.

 Michael Regan, a senior managing director investments, moving from a first vice president investments. Regan specializes in multifamily property investments and is a senior director of Marcus & Millichap’s National Multi Housing Group. He has been with the firm since 2005.

Frank Carriera, a senior managing director investments, moving from a first vice president investments. Carriera specializes in multifamily property investments and is a senior director of Marcus & Millichap’s National Multi Housing Group. He has been with the firm since 2006.

For a complete copy of the company’s news release, please contact:

Ari Ravi, Regional Manager

(813) 387-4854

Hold-Thyssen Negotiates Long Term Lease Agreement with Woof Gang Bakery at Phillips Place in Southwest Orlando. FL

Darby Hold

 ORLANDO, Fla. --- Hold-Thyssen, a full service real estate services firm headquartered in Winter Park, recently negotiated a long term lease expansion agreement with Woof Gang Bakery, Inc. at Phillips Place, 7575 Dr. Phillips Blvd., in southwest Orlando. 

Darby Hold, transaction specialist for Hold-Thyssen, Inc., who represented the landlord, Cincinnati, Ohio-based Financial Way Realty, Inc., said Woof Gang Bakery expanded their offices into an additional 1,021 rentable square feet and now leases a total of 3,168 square feet of professional office space at Phillips Place.  

                                                                                                                                 

Woof Gang Bakery, an ever growing, multi-national company, was established in 2007. 

For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142 Lvershelco@aol.com

Hold-Thyssen Locates 7,200 Square Feet of Industrial Space to Facilitate Spiderwebshade's Increased Production and Company Growth

 

N. Joelle Forster

Martin Forster

ORLANDO, Fla.  --- Hold-Thyssen, Inc., a full service real estate services firm, recently negotiated a long term lease of 7,200 square feet of industrial space for Spiderwebshade the new tenant in suite 400 at 4605 LB McLeod Road in South Orlando.

The Hold-Thyssen brokerage team of Martin Forster, CCIM and N. Joelle Forster   represented the tenant and located the property owned by Dr. Phillips Inc. the landlord. The landlord was represented by Iris Segal of Dr. Phillips, Inc.

Spiderwebshade’s expansion into the industrial facility allows for an increase in production volumes of the company’s product lines that include mesh soft tops and side screens for Jeep Wranglers and other vehicles. 

Hold-Thyssen provides commercial property brokerage, leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current management portfolio includes more that 100 commercial properties throughout the United States.

For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142 Lvershelco@aol.com

Marcus & Millichap Announces Seven Promotions in Fort Lauderdale, FL Office

  

Lori Schneider

 FORT LAUDERDALE, FL  – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced seven promotions in its Fort Lauderdale, FL office, according to Ryan Nee, vice president/regional manager.

They are:

David Greenberg named as a senior managing director investments, moving up from first vice president investments.

Douglas Mandel

Evan Kristol. senior managing director investments, moving from senior vice president investments.

Douglas Mandel, senior managing director investments, moving from senior vice president investments.

Lori Schneider, senior managing director investments, moving from senior vice president investments.

Marc Strauss, senior vice president investments, moving from first vice president investments.

Steve Witten, senior managing director, moving from senior vice president investments.

Barry Wolfe, senior vice president investments, moving from first vice president investments.

For a complete copy of the company’s news release, please contact:

Ryan Nee, Vice President/Regional Manager

(954) 245-3450

Arbor Named Top 10 Fannie Mae DUS® Lender 10 Years Straight

Ivan Kaufman

UNIONDALE, NY -- Arbor Realty Trust, Inc. (NYSE: ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets, has announced that for the 10th consecutive year it was recognized as a Top 10 Fannie Mae DUS® Multifamily Lender, finishing at number eight for 2016 total volume.  

“We are extremely proud to have achieved this milestone as it represents the ongoing growth and success of our core business and the continued commitment to our partnership with Fannie Mae,” said Arbor Chairman, President and CEO Ivan Kaufman.

“Achieving and sustaining this ranking year after year takes an incredible amount of teamwork, focus and dedication. 

"We have worked hard to understand our clients’ needs, provide them exceptional customer service and deliver them certainty of execution, helping them achieve their business goals again and again.”

Arbor’s attributes its success to decades of experience in the agency finance business, uniquely personal client service as well as a high level of transaction customization and flexibility through its strong partnership with Fannie Mae.

Jeffery Hayward

“Arbor’s 10th year of Top 10 status is a testament to the consistency and certainty of execution the company has exhibited throughout both strong and challenging real estate market cycles,” said Jeffery Hayward, Fannie Mae’s Executive Vice President and Head of Multifamily. 

"We are quite pleased to have such a long-standing partner in the multifamily finance sector and look forward to another decade of success together.”

 For over 20 years, Uniondale, NY-based Arbor Realty Trust, Inc. (NYSE: ABR) has been helping multifamily and commercial real estate clients achieve their financial goals by focusing on growing long-term relationships and conducting business as not simply another real estate lender, but a partner. We value our clients to such an extent that we are more comfortable calling them partners, and their relationships with Arbor are the foundation of our business.

For a complete copy of the company’s news release, please contact:

Christopher Ostrowski

costrowski@arbor.com

BKM Capital Partners Launches Second Value-Add Institutional Fund

Brian Malliet

 ORANGE COUNTY, CA – BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant light industrial and small and mid-bay industrial warehouse, has launched its second institutional fund, BKM Industrial Value Fund II, L.P., which will target $300 million in equity commitments, delivering $850 million in buying power.

            The fund, which will invest in the acquisition, improvement and repositioning of undervalued multi-tenant light industrial business parks in markets across the Western U.S., comes on the heels of the closing of BKM’s debut fund for which the firm raised more than $105 million in fund equity and $30 million in co-investment equity for a total of $135 million.

BKM Capital Partners was founded in 2013 by Brian Malliet and Nima Taghavi who both have 25+ year resumes in the commercial real estate world.

“There is a disconnect in the market in our niche asset class that has allowed us to consistently acquire these properties at a significant discount to replacement cost and peak pricing,” says Malliet, CEO and Co-Founder of BKM Capital Partners. “We have a deep pipeline of opportunities, which is why we have more than doubled our target equity goal for Fund II.”

BKM Capital Partners has already closed more than $340 million in transactions, recently bringing its first three Fund I assets full cycle, achieving IRRs above 38-percent on each asset and multiples ranging from 2.0-2.5.

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“The key to our platform’s success is our specific focus on multi-tenant light industrial assets, a strict underwriting discipline with a meaningful amount of margin of safety in all of our assumptions and an intensely hands on approach with our asset management and property management,” explains Nima Taghavi, Executive Chairman of BKM Capital Partners.

Taghavi notes that BKM Industrial Value Fund II will follow a similar strategy, targeting assets that provide a significant opportunity for value creation over the fund’s five-year term.

 BKM targets distressed assets that can be renovated, repositioned, and re-tenanted to drive maximum value. The BKM team is comprised of professionals with long careers in this product type focused on performance and strong yields for our investors.

BKM is unique in its ability to recognize value where others cannot, according to Malliet, who notes that this characteristic gives BKM insight to a deep pipeline of opportunities and an advantage over competitors.

“As specialized operators, we understand what works in these properties, and we know exactly how to execute,” says Malliet.  “Further, our deep broker relationships enable us to review off-market properties regularly, giving us the ability to create significant value by acquiring assets well below replacement cost and peak pricing.”

BKM’s current portfolio encompasses 18 properties in 4 states including assets in Las Vegas, Seattle, Oregon, and Phoenix, among others. The firm plans to continue to grow its portfolio in the Western U.S.

            As part of this continued growth of offices in Seattle, Phoenix, Las Vegas, and California, BKM Capital Partners has also relocated its headquarters to a recently renovated creative office building in Newport Beach, California. Previously located in Irvine, the firm will now be headquartered at 1701 Quail Street, Suite 100, Newport Beach, California 92660. For BKM, the new office space means improved client service, new amenities for employees and room for growth.

BKM has nearly tripled in size in the past year. BKM’s new offices are an open, collaborative space allowing for a better work environment for current and future staff.

  For a complete copy of the company’s news release, please contact:

Lauren Burgos

Junior Account Executive

Brower, Miller & Cole

895 Dove Street, Third Floor

Newport Beach, CA 92660

p: (949) 955-7940

lburgos@browermillercole.com

www.bkmcapitalpartners.com

 or contact Barbara Rea at 949-566-8800.

Cushman & Wakefield’s Mike Davis Reflects on Banner Year for Capital Markets

Mike Davis

TAMPA, FL, Feb. 14, 2017 — Cushman & Wakefield Executive Managing Director Mike Davis took time to reflect on current trends in commercial real estate and a banner year for his Capital Markets team and the firm.

Rick Brugge

Last year, Davis and fellow team members Senior Director Rick Brugge and Senior Director Michael Lerner, closed 33 transactions valued at more than $1.25 billion on nearly 9.0 million square feet of commercial property across the Southeast. According to Davis, the incredibly active investment sales market was fueled by a number of factors. These include:

·     Historically low interest rates

·     Excellent market fundamentals across the nation

·     Investor concerns about the rapid rise in stock and bond valuations

·     Concerns about future inflation

·     The increasing widespread acceptance of commercial real estate as a viable investment vehicle

“While most sectors have performed well, industrial is really the big story in the investment world,” said Davis. “Today, a lot of money is flowing into industrial and the business driver is e-commerce.”

“Our fundamentals are off the chain,” added Davis. “We’ve had record absorption over the last three years, unlike anything we’ve ever seen in the history of industrial real estate. 

"A significant portion of the industrial absorption over the last 36 months has been e-commerce-driven, as product moves off retail shelves and into warehouse and distribution facilities.”

On the office side, Davis and his team have witnessed solid fundamentals and measured growth.

Michael Lerner

“The key driver in office is the supply side, which is very constrained in most markets, and rents still have to come up somewhere between 10 and 20 percent to justify new construction,” explained Davis. “It is also extraordinarily difficult to get a construction loan and to build an office building today.”

Going forward, Davis believes the proposed policies of President Trump will help sustain capital markets in the near- to mid-term.

“Donald Trump is a real estate guy, so one would think he should be good for commercial real estate,” said Davis. “He’s also talking about stimulating the economy through massive infrastructure spending, and that should drive GDP growth. 

"Those two things should be very good for commercial real estate. The risk, of course, is that interest rate rises don’t outstrip anticipated GDP growth.”

“It’s been an extraordinarily robust time for commercial real estate,” said Davis. “In the investment space, we feel optimistic, and most of the clients we talk to feel very good about the short- and medium-term going forward.”

For a complete copy of the company’s news release, please contact:

David A. Meyer

Owner

Meyer Media 

+ 1 407 489 7488

david@meyer.media

www.cushmanwakefield.com

 or follow @CushWake on Twitter

  

The Keyes Company Racks Up Prestigious Industry Awards; Mark Sadek, Ron Yanks and Jimmy Branham receive honors from MIAMI Association of REALTORS®

 

Jimmy Branham

MIAMI, FL and FORT LAUDERDALE, FL | Feb. 14, 2017 – The Keyes Company is proud to announce that Mark Sadek, Ron Yanks and Jimmy Branham have received awards from the MIAMI Association of REALTORS®.  On Feb. 3, the MIAMI Association of REALTORS® held its 2017 Inaugural & Awards Celebration to honor its award recipients.

The event was held at the Seminole Hard Rock Hotel & Casino in Hollywood, Florida. More than 800 guests attended, including leaders and past presidents.

Sadek was named the 2016 Realtor of the Year. Last year, he was elected 2016 Chairman of the Board by the MIAMI Association of REALTORS®. Sadek is the district sales manager of Keyes’ Coral Springs office.

Yanks was named the 2016 Broward Community Advocate of the Year. He is the district sales manager of Keyes’ Hollywood office. Yanks currently serves as a Director of Florida Realtors® and is a Broward Governor of the MIAMI Association of REALTORS®.

  

Mark Sadek

Branham was named the 2016 Broward Young Professionals Network (YPN) of the Year. He is serving on the 2017 Leadership Board of YPN for the MIAMI Association of REALTORS®. Branham is also a Broward Governor of the MIAMI Association of REALTORS®. He is the assistant district sales manager of Keyes’ Coral Springs office.

“We’re so proud of Mark, Ron and Jimmy for being recognized by the largest local Realtor association in the nation,” said Mike Pappas, president and CEO of Keyes. “Our company thrives because of our associates’ hard work, dedication and commitment to being industry leaders. These three individuals are great examples for the entire team.”

Independently owned and operated since its founding in 1926, Keyes is extremely active in luxury residential real estate, including Keyes luxury divisions Valore Group Real Estate and Platinum Properties.

 Keyes annually sells $650 million in luxury homes priced at $1 million or more. The company expects to grow its annual sales velocity in that category to more than $1 billion.

Keyes is a Founding Member and Shareholder of Leading Real Estate Companies of the World®, a global network of more than 550 premier real estate firms encompassing 4,000 offices and more than 128,000 Sales Associates in 55 countries.

Ron Yanks

In July 2016, Keyes and Illustrated Properties announced the completion of a merger between the two companies, which continue to operate under their existing brands.

Following the merger, Keyes and Illustrated are, together, the largest independently-owned real estate firm in Florida and a Top 25-ranked firm in the entire United States. In Palm Beach County alone, the companies have in excess of 1,100 Sales Associates and produce double the volume of their closest competitor.

  For a complete copy of the company’s news release, please contact:

Jasmin Curtiss

BoardroomPR

bci@boardroompr.com

O 954-370-8999

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

NAIOP South Florida Welcomes More Than 160 Attendees for Economic Outlook 2017

 Gunster Board of Directors Chairman
and former U.S. Senator George LeMieux
 and NAIOP South Florida
 Executive Director Jules Morgan

 FORT LAUDERDALE, FL – NAIOP South Florida, a Commercial RealEstate Development Organization, welcomed more than 160 members and guests to its annual Economic Outlook seminar, which explored how the Trump administration’s political and economic initiatives will affect Americans in 2017.

Moderated by Butters Realty & Management Senior Vice President Darcie Lunsford, the Economic Outlook panel consisted of Gunster Board of Directors Chairman and former U.S. Senator George LeMieux, The Washington Economics Group, Inc. Founder and Principal J. Antonio Villamil and Wells Fargo Securities Managing Director and Senior Economist Mark Vitner.

The panelists covered the regional, national and international effects of the new administration’s role in a spectrum of topics including trade, employment, immigration, regulation and taxes, healthcare, foreign relations and more.

Mark Vitner

“This was undoubtedly one of our best Economic Outlook seminars to-date,” said NAIOP South Florida Executive Director Jules Morgan. “With no shortage of topics to cover, we heard from a very engaging panel about what we can expect from the Trump administration’s new policies.

“Attendees were left with a great deal to think about given the discussed ramifications of cutbacks on Obamacare, tax hikes on Mexican imports, the border wall, strained international relations, the axing of TPP, renegotiations for NAFTA, tensions regarding the South China Sea and more.”

NAIOP is a commercial real estate development organization. It provides strong advocacy, education and business networking opportunities and connects its members through a powerful North American network.

For a complete copy of the company’s news release, please contact:

Contact: 954-776-1999

Pierson Grant Public Relations

Lexi Robinson, ext. 255

lrobinson@piersongrant.com

HFF arranges financing for Hanover Post Oak near Houston Galleria

  

Hanover Post Oak Apartments, Houston, TX

 HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged fixed-rate financing for Hanover Post Oak, a 355-unit, Class A, high-rise multi-housing tower near the Houston Galleria in Houston, Texas.

HFF worked exclusively on behalf of the borrower, The Hanover Company (Hanover), to secure the 10-year, fixed-rate loan through an agency lender.

Cortney Cole

Hanover Post Oak was completed in December 2014 and has 30 floors encompassing a mix of one- , two- and three-bedroom floor plans averaging 1,060 square feet. 

The 355 luxury units feature 10-foot ceilings, hardwood flooring, floor-to-ceiling windows, walk-in closets, open-concept gourmet kitchens, granite and quartz countertops and sweeping views of Houston’s Uptown and CBD skylines. 

Common area amenities include a resort-style pool with private cabanas, 24-hour Technogym fitness club, private screening room, fully-equipped catering kitchen, pet washing station, business center, 24-hour concierge, valet dry cleaning and valet parking services.

Scott Galloway

 Additionally, the property has been awarded National Green Building Standard™ bronze-level certification due to the incorporation of 100 percent renewable power sources, car charging stations, compact fluorescent lighting, energy-efficient windows, ENERGY STAR®-rated appliances, high-efficiency heating and cooling systems, on-site recycling and water-conserving bathroom fixtures.

 Hanover Post Oak is ideally situated in the heart of Houston’s Uptown/Galleria district at 1750 Sky Lark Lane providing residents direct access to the adjacent Whole Foods and upscale retail and dining options at BLVD Place.

 The HFF debt placement team representing Hanover was led by managing director Cortney Cole, executive managing director Scott Galloway and real estate analyst Dustin Selzer.

  

For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

Hospitality Real Estate Veterans Launch Davis Hotel Capital

  

Geoff Davis

DENVER, CO and NEW YORK, NY,  Feb.  7, 2017—Principals Geoff Davis and Angelo Stambules today announced the formation of Davis Hotel Capital, a premier hotel inv

estment banking and mortgage brokerage firm with a focus on hospitality real estate.  With offices in New York and Denver, the firm specializes in raising debt and equity for hotel owners, as well as direct equity investment in hotel assets. 

“During my career, I have arranged more than $6 billion of hotel capital and completed over $14 billion in total hotel industry transactions, providing the company with diverse experience and expertise,” said Stambules.

  Angelo has in-depth finance experience, having served in senior leadership positions within Starwood Hotels & Resorts and Marriott International where he oversaw direct real estate investments. 

Additionally, he held senior level banking positions at Capmark Finance (formerly GMAC Commercial Mortgage) and GE Capital, where he participated in sourcing, structuring, and underwriting over $10 billion of hotel loans,” said Davis, senior principal and founder.

 “During our collective 70 years in the business, we have arranged financing across the United States and internationally for all hotel asset classes, including individual and portfolio select-service, resort, full-service, suburban and urban hotels,” he said.

“We will utilize our extensive backgrounds in tandem with our strategic global industry relationships to create innovative finance and capital solutions for our clients.  We also have formed an investment group for direct equity investment into opportunistic hotel plays, with a focus on value-add investments.”

Angelo Stambules

“Funding acquisitions, re-financings and developments in this phase of the real estate cycle will be especially critical as capital becomes more selective,” Davis added.  “Much of the low hanging fruit has been picked, and completing transactions will require more complex structuring.  Conversely, this often is the time when investors can strike the best deals.”

DHC services include hotel real estate mortgage brokerage and investment advisory support for hotel owners and investors.  The company sources debt and equity capital, as well as hotel and resort investment opportunities. 

DHC offers a full suite of debt-related services, including sourcing acquisition and re-financing loans with bridge or permanent loans, forward loan commitments and construction loans.

 “By specializing exclusively on hotel capital markets, we have our finger on the pulse of hotel lenders, understanding which lenders are providing what kind of debt at that moment in real time,” said Stambules.

 “Over the next several years, we expect the hotel lending landscape to be more volatile as lenders shift their underwriting criteria and focus.  DHC is a skilled intermediary that can provide access to the right kind of capital and key decision makers to help prospective owners quickly access the funds needed to make deals in a timely manner before the opportunity slips away.”

For a complete copy of the company’s news release, please contact:

 CHRIS DALY

PRESIDENT

DALY GRAY PUBLIC RELATIONS, INC.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-864-5553

California's Newmeyer & Dillion Promotes Three Lawyers to Partnership

Anne Kelley

NEWPORT BEACH, CA, Feb. 7, 2017 --– Prominent business and real estate law firm Newmeyer & Dillion LLP is pleased to announce that three of the firm’s attorneys – Ben Ammerman, Anne Kelley and Rondi Walsh – have been elected to partnership. Their promotions are effective immediately.

“The elevation of these three attorneys is a testament to their leadership, hard work, and unwavering commitment to superior service for our clients and the firm,” proclaimed Jeff Dennis, Newmeyer & Dillion’s Managing Partner. “This is an exciting time for the firm as we look forward to their continued success and contributions.”

Rondi Walsh

Ammerman (based in Newport Beach, CA) focuses his practice in the areas of business, real estate, and tort litigation. In addition to his private practice, Ammerman presently serves as a Commander in the Navy Reserve Judge Advocate General’s Corps. He's also an active alumnus, currently named co-chair of the University of Southern California’s 20th Reunion Committee.

Kelley (based in Walnut Creek, CA) concentrates primarily in construction litigation and insurance coverage matters. She has over 12 years of experience working closely with builders, developers, contractors and subcontractors throughout Northern California developing legal strategies specific to the needs of each matter and the client’s business and goals. Kelley has litigated a wide variety of complex insurance coverage disputes.

Ben Ammerman

Walsh (based in Newport Beach, CA) has incorporated into her practice the representation of policyholders in first and third-party insurance coverage, and business lawsuits involving contracts, property disputes, products liability and construction defect issues. She also has litigated numerous political and election law matters and has worked both professionally and as a volunteer on numerous political campaigns. Walsh is also an active member with the National Charity League.

For more than 30 years, Newmeyer & Dillion has delivered creative and outstanding legal solutions and trial results for a wide array of clients.  With over 70 attorneys practicing in all aspects of business, employment, real estate, construction and insurance law, Newmeyer & Dillion delivers legal services tailored to meet each client’s needs. 

Headquartered in Newport Beach, California, with offices in Walnut Creek, California and Las Vegas, Nevada, Newmeyer & Dillion attorneys are recognized by The Best Lawyers in America©, and Super Lawyers as top tier and some of the best lawyers in California, and have been given Martindale-Hubbell Peer Review's AV Preeminent® highest rating. For additional information, call 949-854-7000 or visit www.ndlf.com.

For a complete copy of the company’s news release, please contact:

Gia Altreche 949.271.7338 or gia.altreche@ndlf.com

JLL Launches 3131 and 3133 Camelback Buildings for Sale in Phoenix, AZ

Lynn LaChappelle

Dennis Desmond

PHOENIX, AZ – On behalf of TR Camelback Corp., the Phoenix office of JLL has been assigned the liting agreement for 3131 and 3133 Camelback, a two-building office property located at the southwest corner of Camelback Road and 32nd Street, on one of the most prominent corners in Phoenix’s prestigious Camelback Corridor.

JLL Senior Managing Director Dennis Desmond and Managing Director Lynn LaChapelle represent TR Camelback Corp. The team launched the property for sale this week.

“The 3131 and 3133 Camelback buildings were developed in the late 1990s, but a timeless design, premier location and meticulous upkeep have kept it competitive with even the newest Camelback Corridor office options,” said Desmond.

“Since its delivery – and throughout numerous economic shifts – the project has significantly outperformed the market with an average 93 percent annual occupancy rate. This makes for an extremely attractive investment option as rents on the Camelback Corridor continue to rise. We expect strong investor interest.”

According to JLL, the Camelback Corridor since 2014 has attracted more than $700 million in new investor activity. This is due, in part, to rapidly rising rental rates that have increased from an average $23.83 per-square-foot in 2012 to an average $30.11 per-square-foot in 2016 – a rise of 26.4 percent.

3131 and 3133 Camelback, Phoenix, AZ

The 3131 and 3133 Camelback buildings are located at 3131 and 3133 E. Camelback Road in Phoenix, offering four stories of Class A office space at the 3131 building and three stories of office space at the 3133 building. 

Together, they total 295,401 square feet that is currently 93 percent leased to tenants including HSAG, Johnson Bank and JLL.

Amenities at the property include direct frontage and signage exposure to Camelback Road, easy ingress and egress, superior views, an on-site coffee bar and the best parking ratio on the Camelback Corridor.

The property has been recently updated with contemporary lobby furnishings, a Wi-Fi enabled conference and training room in the 3131 building, and a new outdoor lounge area that features food trucks every Wednesday. TR Camelback Corp. has owned the buildings since 2006. Property management for the buildings is provided by Lincoln Property Company.

For a complete copy of the company’s news release, please contact:

Stacey Hershauer

  Phone:

 +1 480 600 0195

   Email:

 stacey@focusaz.com