Arty Maharajh joins Avison Young as Research Manager for Los Angeles County

Arty Maharajh

Los Angeles, CA – Christopher Cooper, Avison Young Principal and Managing Director of the company’s Southern California region, announced today that highly regarded research specialist Arty Maharajh has joined the firm as Research Manager for Los Angeles County.

Maharajh brings 16 years of commercial real estate research experience to Avison Young.

 Based in the downtown Los Angeles office, he will maintain data and analytics and produce local quarterly market reports covering all service lines. 

Additionally, he will lead research projects on behalf of clients, providing insight on demographic, economic, labor force and real estate market trends. 

He most recently served at Cushman & Wakefield, where he headed the firm’s Los Angeles Metro Region research efforts.

“Arty is a very important addition to Avison Young’s Southern California team, as he offers a vast amount of experience in commercial real estate research and analytics,” comments Cooper. “We entered Southern California just under six years ago and have experienced rapid growth with six offices and more than 120 people today. Arty provides an additional layer of depth and expertise that will help us even better serve our existing clients and continue to attract new brokerage experts and clients over the next several years.”

 

Chris Cooper

Prior to joining Cushman & Wakefield, Maharajh worked in research capacities at CBRE, where he managed the firm’s Inland Empire research team; American Realty Advisors; and CoStar Group, where he oversaw a large team of analysts and field researchers for multiple markets, including Bethesda, MD, and San Diego offices.

“I joined Avison Young because it exudes a very entrepreneurial culture and has attracted professionals who share a collaborative approach to commercial real estate and client services,” says Majarajh. 

“I also appreciate the firm’s dedication to gathering and analyzing comprehensive data spanning all asset classes. I look forward to expanding Avison Young’s Los Angeles commercial real estate market report offerings and contributing to our company-wide reports while working in conjunction with my new colleagues in the U.S., Canada, Mexico and Europe. 

"Furthermore, I’m excited by the opportunity to provide clients with detailed analytics on Los Angeles so that they can make local, national and international real estate decisions that work best for their business.”

Maharajh holds a Bachelor of Arts degree in International Politics from George Mason University and interned at the U.S. State Department.

Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,400 real estate professionals in 79 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial, multi-family and hospitality properties.

  

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

• Darcie Giacchetto, D.G. Communications Inc.: 949.278.6224

Stirling Development Marks Construction Milestone at Southern California Logistics Airport

  

Distribution Center 18 (DC 18), Victorville, CA

Mayor Gloria Garcia

VICTORVILLE, CA  – March 22 marked a significant construction milestone for Stirling Development as walls were set in place on Distribution Centre 18 (DC 18).

The entire Stirling Development team, City of Victorville and County of San Bernardino officials, 70 on-site construction workers, in addition to other guests took part in the event. Short speeches were given by Dougall Agan, CEO of Stirling Development; Victorville Mayor, Gloria Garcia; and San Bernardino County Supervisor, Robert Lovingood.

Anticipated for completion this summer, the under construction 370,023-square-foot industrial facility is located at Southern California Logistics Airport (SCLA), an 8,500-acre multimodal freight transportation hub which includes a 2,500-acre commercial and industrial complex entitled for 60 million square feet of development in Victorville. 

The facility is already 47 percent pre-leased to Plastipak Packaging, Inc., a world leader in the design and manufacture of high-quality, rigid plastic containers for the food, beverage, and consumer products industries. A lease for the remainder of the building is out for signature with an undisclosed tenant.

As a testament of tenant satisfaction and abundant growth opportunities in the High Desert, Plastipak currently occupies approximately 312,000-square feet within SCLA including two small warehouse locations and one 296,490-square-foot manufacturing facility. After their expansion to DC 18 in July, Plastipak will extend its leased occupancy to more than 486,000 SF at SCLA.

Dougall Agan

“Stirling is pleased to make one more advancement in reaching our vision of making the High Desert region a dominant hub for manufacturing and logistics on the West Coast,” said Agan. 

“The abundant opportunity for growth, adjacent logistics corridors, in-place infrastructure and pro-business initiatives from the City of Victorville and the County of San Bernardino are all factors that are feeding into the expansion of existing companies here, as well as new users choosing to make this region home.”

Agan added: “The High Desert has virtually no vacant Class A industrial space which is further validated by the preleasing of DC 18. SCLA can provide big box lease opportunities in the $.30-.32 triple-net range which is two-thirds the cost of facilities in the greater Inland Empire.” 

“When fully occupied, Distribution Centre 18 is anticipated to generate approximately 200 new jobs and an estimated total of 700 ancillary jobs within the region,” said, Supervisor Lovingood. “We support the City and Stirling in sharing a strong commitment to the growing the economy in the Victor Valley over the next decade.”

“Just eleven months ago, we celebrated the wall tilting on Distribution Center 13B at SCLA,” said Victorville Mayor Garcia. “Having construction start on another large-scale industrial facility so quickly really speaks to Victorville’s promise and SCLA’s emergence as the location for industrial development in the region.”

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

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

 www.stirlingdevelopment.com

Brookfield Residential Debuts New Distinctive Home Designs by KTGY Architecture + Planning at Kissing Tree, a Unique 55+ Community in San Marcos, TX

Model Home at Kissing Tree Development in San Marcos, TX

 

Manny Gonzalez

LOS ANGELES, CA —International award-winning firm KTGY Architecture + Planning is pleased to announce that KTGY’s new distinctive home designs targeting the needs of today’s discerning active adults were recently unveiled at Kissing Tree in San Marcos, Texas.

 Kissing Tree is the first baby boomer, master-planned community, for those 55 and better by Brookfield Residential Properties, and the first of its kind in San Marcos. 

The 3,200-home community is located on 1,332 acres in Central Texas, halfway between San Antonio and Austin in the heart of the Texas Hill Country.

According to Manny Gonzalez, FAIA, LEED AP, managing principal of KTGY’s Los Angeles office and head of the firm’s 55+ studio, “We designed the Colby, Emerson and Clarkson plans to appeal to a wide variety of 55+ consumer preferences. Homebuyers have lots of options at Kissing Tree -- not only on the inside of the home, but also what they want their home to look like on the outside.”

Edjuan Bailey

KTGY designed five very distinct architectural styles: Modern Farmhouse, Texas Hill Country, Contemporary, Santa Barbara and Traditional. 

Additionally, each architectural style offers exterior options. Gonzalez kiddingly said, “You won’t find the typical ‘salad dressing’ variety of architecture here (ie., French, Italian and Ranch)!”

The homes blend great looking exteriors with Universal Design and enhanced living spaces on the inside, notes Gonzalez. 

“Buyers can personalize their new home to fit their needs and lifestyle like adding an expanded cover patio, a den or study or a Casita for entertaining, as guest quarters, home office or hobby room.”

Gonzalez also points out that the laundry room has been moved from its traditional location at the entry point from the garage to a more useful location adjacent to the master suite closet or dressing area. This accomplishes two things: it creates an “owner’s entry” into the home with only one door to go through that can also feature a drop zone to lay down keys, mail and cell phone often with a recharging station.

“Since the home is generally occupied by only the 55+ owners, having the laundry room adjacent to the master suite allows for the opportunity to provide a “horizontal laundry chute” so that the owners don’t have to lug the only real laundry they generate through the house to the old laundry room location anymore.

Scott Turner

The Colby, Emerson and Clarkson homes offer spacious floor plans from 1,850 square feet to 2,957 square feet. Home prices will range from approximately $275,000 to $500,000.

“Kissing Tree offers what today’s active adults want in both a home and in a community: homes that incorporate Universal Design and indoor-outdoor living, and have so many choices that the homes feel nearly like a custom home; plus being located in a resort-style, walkable community with trails and activities so it is a ‘staycation’ every day,” Gonzalez exclaimed.

“Active adults are excited about the Kissing Tree community,” Edjuan Bailey, vice president of marketing at Brookfield Residential Texas, said. 

“So far, we have welcomed visitors from all over the country, including Maui, Boston, Los Angeles and many other cities across Texas. And, we are just getting started. Our golf course and many other amenities will open later this year.”

“We have enjoyed working with KTGY Architecture + Planning on Brookfield Residential’s first baby boomer-centric new home community,” Scott Turner, general manager of Kissing Tree, said.

“Together, we collaborated to deliver thoughtful designs specifically geared to the 55+ community, and we think our residents will genuinely feel at home. Our visitor numbers have been tremendous at Kissing Tree. Since the community opening, more than 300 prospects have signed up for the reservation program to select their lot and home site.”

KTGY is an international full-service Architectural Design and Planning firm. With nearly 400 people in 7 offices, working in 28 states and 12 countries.

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

Anne Monaghan

MONAGHAN COMMUNICATIONS, INC.

anne@MonaghanPR.com

830.997.0963

www.ktgy.com.

http://ktgy.com

KTGY An Architectural Design and Planning Firm

ktgy.com

www.BrookfieldResidential.com.

www.KissingTree.com

 www.Texas.BrookfieldResidential.com

.

Hanley Investment Group Completes Sale of Two Multi-Tenant Pad Transactions in Kansas City Metro Area

Truman's Marketplace Power Center, 12410 South U.S. Highway 71 (Interstate 49),
Grandview, MO

 

Jeff Lefco

CORONA DEL MAR, CA – Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm completed the sale of two new construction multi-tenant pad buildings in separate transactions in the Kansas City metro area.

 The total purchase price for both properties was $5,430,000.

Hanley Investment Group Associate Jeff Lefko, along with Executive Vice President Bill Asher, negotiated the sale of a new construction 8,000-square-foot multi-tenant pad building at Truman's Marketplace, a regional power center anchored by Price Chopper, TJ Maxx, Ross Dress for Less, and Burlington Coat Factory in Grandview, Missouri.

Built in 2016 on 0.93 acres, the building is located at 12410 South US Highway 71 (Interstate 49). The three tenants occupying the 100-percent-occupied building are T-Mobile, McAlister's Deli and KC Speed Nails.

Bill Asher

The buyer, a private investor from Thousand Oaks, California, was represented by John Stafford of Colliers International. The seller, a private developer also from Kansas City, was represented by Lefko and Asher.

 The sale price was $3,400,000, representing the lowest cap rate and highest price per square foot in the region for a multi-tenant pad without a corporate tenant.            

“We were able to generate five all-cash offers and procured a California-based 1031 exchange buyer,” said Lefko. “We negotiated a 10-day due diligence period and quick close before all of the tenants were open for business.” 

Located 14 miles south of downtown Kansas City, the property is highly visible to over 82,000 cars per day along Highway 71 (I-49). More than 96,000 households and 240,000 people are in a five-mile radius of the property.

John Stafford

“There were many factors which were attractive to a prospective buyer,” said Asher. “This is a great freeway-visible location in a newly redeveloped regional power center with strong demographics and, consequently, the property sold for 10 percent higher than seller's proforma disposition price.”

In an off-market transaction, Lefko and Asher also negotiated the sale of a 6,360-square-foot newly-renovated multi-tenant pad building situated on .58 acres along a major retail corridor in Raytown, Missouri.

Built in 2015, the 100-percent-occupied building is located at 9105 East 350 Highway in Raytown, nine miles from downtown Kansas City. 

The property is occupied by three tenants: AT&T, Domino’s and Great Clips. Lefko and Asher represented the buyer, National Realty Group, Inc. based in Los Angeles.

 The seller, a private developer based in Kansas City, represented itself. The sale price was $2,030,000.

“We identified an off-market property for a 1031 exchange buyer with 15 days left to find a property. We were also able to procure a better-than-market financing through a local relationship bank,” said Lefko. 

  

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

Anne Monaghan

MONAGHAN COMMUNICATIONS, INC.

anne@MonaghanPR.com

830.997.0963

www.hanleyinvestment.com

HFF hires Christopher Masi as an associate director for its New York investment sales team

Andrew Scandalios

        

NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced Christopher Masi has joined the firm as an associate director focused on retail investment sale transactions in the New York metropolitan area.

Mr. Masi joins HFF from RKF where he was an investment sales associate since 2014.  In this role, he was involved in procuring and executing more than $100 million of commercial real estate transactions in New York City.  Prior to RKF, he was an associate director of leasing for Trevi Retail. 

Mr. Masi graduated from Rutgers University and is a member of the Young Men’s/Women’s Real Estate Association and the International Council of Shopping Centers.  He is also a licensed real estate salesperson in New York and New Jersey. 

 “As a firm, we are always looking for rising young talent in the industry and Chris is one of these exceptional young men to watch,” said Andrew Scandalios, senior managing director and co-head of HFF’s New York office. 

“Since graduating from Rutgers, he’s established himself in the often crowded commercial real estate space and has closed a significant amount of business in his four-year career thus far.”

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

KRISTEN M. MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

HFF acquires Hentschel & Co. in New York City

Steve Hentschel

NEW YORK, NY –– HFF, Inc. (NYSE: HF) (HFF) announced  the acquisition of Hentschel & Company, LLC, a New York-based boutique investment banking advisory firm, whose primary focus is to advise public and private REITs, non-traded REITs, real estate investment funds and other private owners of real estate and real estate debt on M&A, initial public offerings, capital raises and other strategic alternatives. 

 HFF has appointed Steve Hentschel, who founded Hentschel & Company in May 2013, as the leader of HFF’s M&A and corporate advisory services provided by HFF’s registered broker-dealer subsidiary, HFF Securities L.P. (HFFS).   The acquisition of Hentschel & Company establishes the second U.S. location for HFFS.

Mark Gibson

Mr. Hentschel has 27 years of experience in the industry and throughout his career has completed more than $78 billion of transactions. 

 Prior to starting Hentschel & Company, he founded the real estate investment banking group at Gleacher & Company in 2009 and built it into a practice that was the No. 1 ranked REIT M&A advisor by transaction value in Bloomberg’s U.S. league tables for 2012. 

Prior to that, Mr. Hentschel was a Managing Director and spent ten years in the Global Real Estate Group at Lehman Brothers and was subsequently the Head of the New York Real Estate Investment Banking office of Wachovia Securities. Mr. Hentschel holds an engineering degree from Princeton University.

“The acquisition of Hentschel & Company will allow HFF to expand its M&A and corporate advisory services which have been increasingly requested by our clients, said Mark Gibson, CEO and executive managing director of HFF. 

 “The Hentschel and Company team is comprised of best in class professionals with significant experience in all facets of the investment banking business which will allow HFF to continue to provide exceptional service and advice to our clients across both the public and private domains of the commercial real estate industry.

“We are extremely excited to have the Hentschel and Company professionals join the HFF Team.”

Ted Flagg

“We have been approached over the years by many firms about a strategic combination but we were only interested in becoming partners with a team that shared our values and brought compelling strategic value to our clients,” added Mr. Hentschel. 

“We are truly excited to be joining HFF and see significant growth opportunities for our business.” Ted Flagg, a Hentschel & Company Senior Managing Director, added “The combined platform elevates our strategic advisory capabilities by adding real time property level perspective and dramatically enhancing our ability to raise capital.”

Hentschel & Company’s senior banking team includes Ted Flagg, Christopher Shea, Chris Allen, and Sher Hafeez.

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

Myra F. Moren

HFF Managing Director, Investor Relations

(713) 852-3500

mmoren@hfflp.com

KRISTEN M. MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

Cushman & Wakefield Brings Riverwalk Pointe at Mangrove Bay to Market in Jupiter, FL

Robert Given

JUPITER, FL — Cushman & Wakefield announced today that is has been named exclusive advisor in the disposition of Riverwalk Pointe at Mangrove Bay, the only Class A, 55+ rental community in Jupiter. 

Cushman & Wakefield’s South Florida Institutional Multifamily Team of Executive Managing Director Calum Weaver, Vice Chairman Robert Given, Senior Managing Director Troy Ballard and Senior Financial Analyst Perry Synanidis has been chosen to market the high-quality boutique asset for Palm Beach Gardens, FL-based developer Eastwind Development. The property will go to market unpriced.

Built in 2014 on a 4.67-acre site at 1026 South U.S. Highway 1, Riverwalk Pointe at Mangrove Bay is a Class A rental community with high-end finishes and amenities located one-half mile from Jupiter Beach. 

Units feature stainless steel appliances, granite countertops, impact windows, full-size washer and dryer and a patio or balcony. Select units offer intracoastal water views. Riverwalk Pointe at Mangrove Bay offers a mix of one-, two- and three-bedroom units averaging 1,123 square feet. The average monthly rent is $1,973 per unit. The community is currently 95 percent leased and 91 percent occupied. 

The property offers two attractive four-story elevator buildings with an additional level of underground structured parking. Amenities include a central clubhouse with a business center and fitness room, swimming pool and landscaped deck area.

Troy Ballard

Riverwalk Pointe at Mangrove Bay is less than one mile from Jupiter Beach and is bordered on the west by Jupiter’s Riverwalk, a 2.5 mile linear park that extends along the east bank of the Intracoastal Waterway. The property is situated directly on U.S. Highway 1, offering exceptional visibility to more than 20,000 vehicles per day.

“The demographics surrounding Riverwalk Pointe at Mangrove Bay are exceptional,” said Weaver. “The demand for 55+ rental communities is particularly strong in northern Palm Beach County. Palm Beach County is one of only 12 counties in the U.S. with over 250,000 people aged 65 or older.”

“This asset offers the best of both worlds — strong in-place cash flow as a 55+ community and the capacity to sell individual units by converting the property into a condominium,” added Weaver.

 “With its location on the barrier island, relatively small unit count and large floor plans, the property could be an attractive conversion opportunity in the future.”

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

Phase II of Poinciana CommerCenter East in Kissimmee, FL Nearing Completion; Slated for Early July Occupancy

 

Howard Schieferdecker

 KISSIMMEE, FL and  ORLANDO, FL–  Phase II in Poinciana CommerCenter East, an industrial development on US Highway 17-92 in Poinciana with  retail, office, showroom and warehouse space for sale or lease by small businesses, is now nearing completion of its last two buildings.  

Buildings 4 and 5 totaling 33,490 square feet of office/warehouse space located in the rear of the development will be “vanilla shell” completed and ready for occupancy by early July, according to Howard Schieferdecker, a principal of Small Bay Partners, LLC, the developer. 

Space currently available in the new phase ranges from 1,350 ± to 10,350± square feet in Building 4, and from 1,890 ± to 17,290 ± square feet in Building 5.   

Michael Heidrich, a principal in both Small Bay Partners and NAI Realvest, who handles leasing and management for the property, said tenants who have already leased space in the new phase include Personal Trainer Johnny Bonilla who leased 2,700 square feet and Santavi Service with 1,350 square feet leased in Building 4 of the new phase.  White Sword Theming, LLC, artisans and craftsmen specializing in themed environments, has leased 3,150 square feet in Building 5.

                        

Poinciana CommerCenter East’s Phase I Buildings 2 and 3 are nearly 100 percent leased and there are three retail units in Building 1 fronting US Hwy 17-92 with 1,690± and 1,890± square feet currently available.

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 Negotiates New Lease at Aloma Office Park in Oviedo, FL for a Start up Firm

  

Therese Taylor

WINTER PARK, FL --- Hold-Thyssen, Inc., a full service commercial real estate firm, recently negotiated a new lease agreement for 1,045 rentable square feet at Aloma Office Park, 2461 W. SR 426 in Oviedo. 

Therese Taylor, lease consultant for Hold-Thyssen, Inc., negotiated the transaction representing the tenants, Scott Johnson, John Baker and Jaime Cisneros, for a new technology firm.   

The tenant was referred by Commercial Real Estate Women (CREW).   The landlord at Aloma Office Park is 2461 West SR 426, LLC and was represented by Stephen Ratcliff of Ratcliff Properties, LLC.

Hold-Thyssen, Inc. 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 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.

HFF closes sale and arranges financing for two Class A office assets in Raleigh-Durham, NC

  

Keystone 200 and 300, Keystone Office Park, Durham, NC

Scot Humphrey

CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (“HFF”) announced it has closed the sale of and arranged acquisition financing for two Class A office properties within Keystone Office Park in Durham, North Carolina totaling 223,475 square feet.

HFF marketed Keystone 200 and 300 on behalf of the seller, American Real Estate Partners, and procured the buyer, Innovatus Capital Partners (“Innovatus”). Additionally, HFF worked on behalf of Innovatus to secure acquisition financing.

Keystone 200 and 300 are located at 530 and 430 Davis Drive, respectively, within Keystone Office Park. 

Located across the street from Research Triangle Park, the properties are conveniently situated close to Interstates 40 and 540 and the Triangle Expressway, providing easy access to downtown Raleigh, downtown Durham, Cary, Chapel Hill and the Raleigh-Durham International Airport.

Additionally, the properties benefit from numerous surrounding academic institutions, including Duke University, The University of North Carolina Chapel Hill and North Carolina State University. K

eystone 200 is fully leased to the National Institute for Environmental Health Sciences and Keystone 300 is leased to a diverse group of regional, national and international tenants including Verscend Technolgies, K&L Gates and SynteractHRC.

Ryan Clutter

The HFF investment sales team representing the seller was led by director Scot Humphrey, senior managing director Ryan Clutter and associate director Chris Lingerfelt.

HFF’s debt placement team representing the buyer was led by director Brent Bowman.

“The Raleigh-Durham market has been experiencing robust growth and investors are paying more and more attention as a result,” said Bowman.  “We continue to see lenders compete aggressively on high quality, well-leased suburban office properties and expect that trend to continue throughout 2017.”

“We are extremely excited to become a part of the growing and thriving Raleigh-Durham community with the close of our purchases in Keystone Office Park,” said Andrew Dym, co-founder and President of Innovatus Capital Partners. 

“These exceptional assets with predictable and durable cash flow represent exactly the types of high-quality investments we look to make at Innovatus and I expect they will drive significant value for our portfolio.”

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

Kristen Murphy

Director, Public Relations

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

tel 617.848.1572 | cell 617.543.4873 | www.hfflp.com

krmurphy@hfflp.com

www.innovatuscp.com.

JDishell@americanREpartners.com.

Noble Breaks Ground on Marriott’s First Dual-Brand AC Hotels By Marriott® and Moxy Hotel in Vibrant Midtown Atlanta, GA

Moxy Atlanta Midtown, 13th Street, Atlanta, GA

 

Tony Capuano

Atlanta, GA – Marriott International (NASDAQ: MAR) and Noble Investment Group (“Noble”) celebrated the groundbreaking of what will be Marriott’s first-ever combination of an AC and Moxy under one roof.

The $70 million, five-story hotel project will rise on a full city block in Midtown Atlanta, one of America’s most dynamic business districts and a regional epicenter for music and arts. The hotel is expected to open in the middle of 2018.

“Midtown Atlanta is the perfect place to debut this visionary, two-in-one lifestyle hotel, which will become a go-to destination for both business and leisure travelers,” said Tony Capuano, Marriott’s Executive Vice President and Global Chief Development Officer. “We’re thrilled to be working with our great partners at Noble to launch these exciting brands in dynamic markets throughout North America.”

With an entrance on 14th Street, the 133-room AC Hotel Atlanta Midtown will feature guestrooms and suites with modern and sophisticated design elements, plush seating and multifunctional workspaces.

Mit Shah

The 155-room Moxy Atlanta Midtown, which guests will enter on 13th Street, will feature stylish, tech-enabled bedrooms with optional mobile check-in and check-out; keyless entry; motion sensor lighting; internet TV in-room; USB outlets; and furiously fast and free Wi-Fi for ultimate connectivity.

Both hotels will have distinct hospitality experiences inside and will share a deck-top amenity level that will contain shared meeting space with outdoor break-out space, health and fitness and a rooftop pool and bar with outdoor fire pits.

As part of this project, Noble will also help establish the missing link in an extensive pedestrian connector. To be called the Arts Walk, the ground-level path will provide direct access for hotel guests and local residents to walk from 14th Street to the lively Crescent Avenue entertainment and dining district, to the more than 20 million square feet of corporate office and the world-renowned Woodruff Arts Center along 15th Street.

The connector will eventually stretch from the Woodruff Arts Center to high-speed public transportation at the 10th Street MARTA station.

“We are proud to continue to expand upon our more than 20-year partnership with Marriott with our development of the first, dual-branded AC Hotel and Moxy Hotel in the world,” said Mit Shah, Noble CEO. “Midtown Atlanta has become one of the best live, work, learn, stay, shop and play communities in the United States and we are excited to bring these iconic new lifestyle brands to our hometown."

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

Emma Cathey | Emma@lizlapiduspr.com | 678-588-1661

www.nobleinvestment.com.

www.MoxyHotels.com.

http://achotels.marriott.com

 and follow us on Facebook, Twitter, and Instagram

Newcastle Partners Completes Construction of Knox Logistics Center; a 147,000-Square-Foot Industrial Building in Moreno Valley, CA

Knox Logistics Center, 17610 Harvill Avenue, Moreno Valley, CA

San Francisco, CA -- Newcastle Partners, Inc., a San Francisco-based real estate investment and development company, recently completed construction of Knox Logistics Center, a 147,000-square-foot industrial building in Moreno Valley. Valued at approximately $14 million, the property is located at 17610 Harvill Avenue.

Dennis Higgs

The Class A facility is situated on 8.21 acres and features 104 parking stalls, 26 loading docks, 32” clear height, and a 122’ truck court.

 Its corporate neighbors include Kraft Foods, Amazon, Lowes, Home Depot and a host of other Fortune 500 companies, and offers direct access to the freeway via the Harley Knox Blvd. on/off-ramp.

The property has identity and clear visibility from the 215 Freeway. William Heim of Lee & Associates is handling marketing of the building, which is for sale or lease.

“Newcastle currently has a total of four million square feet of industrial property currently under construction or recently completed in the Inland Empire region of Southern California,” said Dennis Higgs, managing partner and founder with Newcastle Partners.

“We are pleased to see Knox Logistics Center’s successful completion and have seen a substantial amount of interest from potential corporate users. With Fortune 500 corporate neighbors like Amazon, Kraft Foods and Home Depot, the location as it relates to logistics, sells itself.”

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

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

Crow Holdings’ Old Parkland Campus Crescendo in Dallas, TX with Final building to Complete Master Plan

Harlan Crow

DALLAS, TX – Crow Holdings announces plans for the final building of its Old Parkland development on Maple Avenue in Dallas scheduled to deliver in the first quarter of 2019. United Kingdom architect, Craig Hamilton, created the design for the building, along with The Beck Group.

The 90,000-square-foot office building will be six floors at its highest point and will include a three level underground garage.  

Positioned at the north end of the 9.5-acre campus, the building will be the final office building at Old Parkland.

 In keeping with the rest of the campus, the building will be classical in design and will include a thematic sculpture in the front plaza.

The Old Parkland campus incorporates the historic buildings and grounds of the former Parkland Hospital that was originally constructed in 1894. The redevelopment of the property began in 2006 and now features 334,000-square-feet of master-planned, Class-A office space and remarkable amenities.

The heart of the campus is the 103-year-old Parkland Hospital that Crow Holdings preserved and renovated as its corporate headquarters. Crow also restored the Nurses Quarters which originally served as the nurses’ dormitory. Woodlawn Hall and Reagan Place were added to complement the original and historic landmark structures.

Craig Hamilton

Four buildings, collectively called the West Campus, include the iconic copper-domed Parkland Hall, flanked by Oak Lawn Hall and Commonwealth Hall.

 Across the courtyard from these buildings is the Pavilion, whose design is inspired by Thomas Jefferson’s Monticello and houses a large, underground debate chamber that hosts high school and collegiate debates as well as renowned speakers.

“We wanted this last building to complement the classical architecture on campus while creating something new and exciting, and we believe Craig Hamilton has done just that,” said Harlan Crow, chairman and CEO of Crow Holdings. “We already have commitments for approximately 40% of our new office space and are delighted the market continues to support our development.” 

The Jeffersonian style office buildings of the West Campus, surrounded by lush landscapes, a rolling lawn and shade trees, gives this corporate community a collegial ambience. Although the buildings are grand in structure, they were platted in close proximity which fosters interaction among tenants and visitors in the outdoor areas and community spaces. A spectacular collection of sculptures enhances the exterior experience and invites reflection on our national heritage. 

Crow Holdings’ investments in the Oak Lawn neighborhood also include the adjacent Maple Avenue District, which includes new restaurant concepts as well as extensive street and landscape improvements.

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

Jessica Hall

Culver Public Relations

214.352.5980 office

210.287.4975

www.CrowHoldings.com.

Hospitality Ventures Management Group (HVMG) Announces Eight Renovation and Development Projects Totaling Approximately $110 Million

  

Robert Cole

 ATLANTA, GA – Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, announced  the company has eight new and on-going renovation and construction projects, three of which were completed recently, totaling approximately $110 million. 

            “HVMG offers a full suite of services for hotel owners that covers the entire spectrum of project management, from design and construction through third-party operations including revenue management and digital marketing,” said Robert Cole, HVMG president and CEO. 

“We have assembled and expanded an in-house team of seasoned design and construction professionals, led by industry veteran John Edwards, to provide guidance and services for third-party clients, as well as our own portfolio.”

 “Our design and construction team brings more than 110 combined years of professional project management and construction experience handling more than $5 billion in development/renovation projects, ranking us among the top in our space,” said John Edwards, vice president of design & construction.  

“As owners and third-party operators, we understand firsthand the necessity to deliver projects on time and in budget while minimizing guest and associate disruptions.”

  In addition to the ongoing and upcoming refurbishment construction projects, HVMG has completed 23 design and construction projects varying in scope from ground-up construction to complete renovations totaling approximately $85 million over the past two years.  Highlights include the 292-room Hilton Houston Southwest, the 118-room Fairfield Inn by Marriott Portland Maine Mall and the 299-room Greensboro-High Point Marriott Airport hotel.

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

Chris Daly, media

 (703) 435-6293

 chris@dalygray.com

 www.hvmg.com

Greg Matus

SUNRISE, FL – Franklin Street arranged the sale and secured financing for Sunset Apartments, a 54-unit rental community in Sunrise, Florida.  Franklin Street’s Tony Gannacone, Greg Matus and Dan Dratch represented both parties in the transaction.

The three-building complex, located in western Broward County, had been owned by two Canadian investors under the corporate entity RonJack Properties, LP.  Franklin Street was hired to sell it, but after arranging a potential deal, one of the two investors decided to buy out his partner for an undisclosed amount and own the property outright. 

Franklin Street’s Capital Advisors division obtained the 10­year non­recourse loan with a 3.5 percent fixed rate of interest on behalf of the buyer. Franklin Street’s Evan Seacat and Ryan Cassidy provided insurance services for the asset.

"Once we secured an offer, one of the partners decided to stay in the deal,” said Gannacone, an Investment Sales Associate in Franklin Street’s Fort Lauderdale office. “He remained convinced there was still a lot of room for rent growth and opportunity for the property to appreciate.  He took advantage of the low interest rate environment and lower insurance costs that we were able to provide to increase margins and cash flow.”

“Franklin Street not only helped me find less expensive insurance, but also its investment sales and capital markets teams sourced the financing that I used to buy the property,” said a spokesperson for RonJack Properties. “They have positioned themselves as a true real estate solution for investors.”

RonJack originally purchased the apartments three years ago.  They made significant capital improvements to bring the property up to date, including new roofs, new air conditioners, a resurfaced parking lot and kitchen remodels.

“The property has great upside potential based on the recent unit and amenity upgrades,” said Gannacone. “I think value-add multifamily assets, like Sunset, will benefit the most as the Broward County market continues to grow.”

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

Ashley Fierman

Senior Account Executive

 BoardroomPR

afierman@boardroompr.com

O 954-370-8999

C 954-330-1554

Bank of America Plaza | 1776 N. Pine Island Road

Suite 320 | Plantation, FL 33322

www.FranklinSt.com.