Tuesday, July 7, 2020

Southwest Strategies and Former San Marcos Council Member Chris Orlando Create Strategic Partnership


Chris Orlando
SAN DIEGO, CA, July 07, 2020 –– Southwest Strategies, one of California's leading public affairs firms serving clients in transportation, land-use, water, energy and more, is excited to announce a new partnership that will help us better serve clients in North County San Diego, Orange County, the Inland Empire and beyond. 

Chris Orlando, former San Marcos City Council member and business leader, has entered into a strategic partnership with Southwest Strategies to bring added expertise and relationships to support our growing business in areas beyond central San Diego.

“We’re excited to partner with Chris Orlando to provide strategic public affairs support in some of the fastest growing communities in Southern California. His long track record of success as an elected official and public affairs practitioner is well recognized throughout the region,” said Chris Wahl, President of Southwest Strategies.

Orlando possesses more than 25 years of corporate communications, marketing and public affairs experience, including as co-founder of Fit Pay Inc., a technology platform the enables contactless payment capabilities.

“The opportunity to partner with Southwest Strategies is very exciting for me personally,” said Chris Orlando. “I have long respected and admired their approach to the business and how they have achieved so many accomplishments on behalf of their clients.”

During his tenure on the San Marcos City Council, Orlando served as the City’s representative on the San Diego Association of Governments (SANDAG) Board of Directors, where he served as chair of the Regional Energy Working Group. 



Chris Wahl
He also represented San Marcos on the North County Transit District’s (NCTD) Board of Directors, including service as Board Chair, Vice Chair and representative to the Los Angeles, San Diego, San Luis Obispo Rail Corridor Agency.

Yes, Southwest Strategies Works Outside of San Diego!

"Many of our friends and clients are unaware that we work on projects all across California and the southwestern part of the United States," said Wahl. 

"We love San Diego, but we’re proud to also to do work in the Bay Area, Central Valley, Orange County and places in between. We have offices in Central and Northern California, too."

CONTACT:

Ben Boyce

(858) 541-7800

CBRE Global Investors Inks Long-Term Lease at Tanner Point in Portland, OR with Ampere Computing

                                
Renee J. James

PORTLAND, OR, July 7, 2020 - CBRE Global Investors today announced that it signed a major lease agreement with a fast-growing tech firm at Tanner Point, a new Class A creative office building in Portland’s vibrant Pearl District. 

The deal represents 40,000 square feet of premium workspace at the recently energized building, which has become a flag-bearer for CBRE GI’s new Above & Beyond (A&B) tenant amenity platform that recently launched in Portland and 11 other major U.S. office markets. 


Autumn Brice 
Ampere Computing, a tech startup specializing in data processing, is relocating to the building and will take the entire top two floors at the tower. The move coincides with a recent expansion initiative at Ampere and will double the size of the firm’s Portland-based headquarters.  

Founded in 2017 by CEO Renee J. James, Ampere Computing is experiencing unprecedented growth as the need for cloud software surges in the marketplace. 


Trevor Kafoury
The firm was courted by multiple office owners in downtown Portland, with Tanner Point’s cutting-edge amenities and state-of-the-art workspace key factors in Ampere’s decision to call the building home. 

Tanner Point is also set to welcome Cooperativa, an innovative Italian food hall and market concept slated to open later this summer.  

To help tenants attract and retain top talent, CBRE Global Investors  recently introduced its hospitality-driven “A&B” amenity program at Tanner Point, which aims to go Above and Beyond for tenants by anticipating and addressing the demands of a modern workplace through community-driven environments, customized technology and hospitality services.  

 Kevin Kaufman 
“Tanner Point delivers a first-class workplace experience that embraces the technology-enhanced lifestyle sought by today’s companies,” said Trevor Kafoury, Executive Vice President at CBRE. 

“The lease agreement with Ampere Computing is indicative of the early success we are seeing with A&B, along with the incredible gravitational pull exerted by the Pearl District. 

"We continue to field inquiries from prospective tenants representing a variety of industries and look forward to forging more partnerships in the months ahead.” 
  
Acquired by CBRE Global Investors in late 2018, Tanner Point offers a variety of premium amenities tailored for the region’s growing tech-centric work population. 

Tanner Point, a new Class A creative office building in Portland’s vibrant Pearl District. 

The lobby of the 182,851-square-foot building is outfitted in accents such as reclaimed wood detailing and a tech-enabled communal lounge area anchored by a fireplace, along with expansive windows that blur the lines between indoors and outdoors and connect users to the energized street environment. Tenants also have access to a cutting-edge fitness center and on-site bike storage.  

Floor plans ranging from 16,000 to 29,000 square feet are currently available throughout the building. Trevor Kafoury, Kevin Kaufman and Autumn Brice from CBRE are overseeing leasing at Tanner Point. 

CONTACTS:

Nick Banaszak 
The Wilbert Group 

Aliya Seymour · 
Account Coordinator
1718 Peachtree St., Suite 1048 · 
Atlanta, GA 30309
M: 678-477-3630


Hanley Investment Group Arranges Sale of Single-Tenant Building Occupied by County of San Bernardino for $13.5 Million


Ed Hanley
SAN BERNARDINO, CA -- Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced that the firm arranged the sale of a single-tenant building occupied by the County of San Bernardino located at 265 East 4th Street in San Bernardino, California.
The sale price was $13,450,000.

Hanley Investment Group represented both the buyer and the seller.  Hanley Investment Group's Executive Vice President Matt Burnett represented the seller, a private investor based in Los Angeles, and President Ed Hanley represented the buyer, The Krausz Companies, Inc. in Irvine, California. 

The two-story, 50,082-square-foot building, built in 2009, sits on 4.62 acres at the southwest corner of the signalized intersection of 4th Street and Waterman Avenue.
Waterman Avenue is one of the main trade area thoroughfares with more than 23,000 cars passing the site daily. More than 348,000 people live within five miles of the site and the Ontario International Airport (ONT) is just a seven-minute drive from the building.

Matt Burnett 
“This was a very rare government secured lease, with no early cancellation provision,” said Burnett. “Hanley Investment Group procured a 1031 exchange buyer who understood the value of this property and its excellent fundamentals with a best-in-class tenant that is internet- and COVID-resistant.”

According to Burnett, “Need-based government services such as this offer stability in the face of growing online sales as well as potential economic instability.”

The County of San Bernardino has an AA credit rating from Standard & Poors (S&P) and an AAA credit rating from Fitch. The property had no deferred maintenance and is LEED certified.


Single-tenant building occupied by
 the County of San Bernardino
 located at 265 East 4th Street
in San Bernardino, CA
Burnett noted that the Inland Empire had the highest job growth rate in California and the highest home price growth in Southern California. The County of San Bernardino is home to more than 2.1 million residents with a 28% projected growth rate over the next 25 years.


CONTACTS:

Matt Burnett, Executive Vice President 
Hanley Investment Group Real Estate Advisors            
949.585.7623 | mburnett@hanleyinvestment.com

Anne Monaghan 



Trez Capital Announces New High-Yield Fund and Re-opens Temporarily Paused Prime Trust and Yield Fund


Daniel Marchand
Dallas, TX -Trez Capital announced the launch of the Trez Capital High Yield #1 (2020) Fund (High Yield Fund) following a successful first close. 

The fund remains open for investment until December 31st to a maximum of $100 million.

The new fund enables investors to share in a portfolio of loans that will target net returns in excess of 10% per annum in a portfolio of senior ranking mortgages.

 It will focus on real estate projects in U.S. markets with higher than average population and GDP growth. The first investments will be for single-family lot development financings in Texas, a state experiencing job growth and strong demand for affordable housing.

“The housing market in the Southwest U.S. is particularly strong and with interest rates at record lows, buyers in this region are motivated to purchase homes,” said Daniel Marchand, Senior Vice President and Head of Investor Global Sales.

“While traditional real estate lenders have substantially halted lending given the pandemic, Trez Capital, through its High Yield Fund, has capitalized on the current market disruption to lend to high quality proven borrowers in established housing projects.”

In addition, Trez Capital will re-open Trez Capital Prime Trust and Trez Capital Yield Trust to limited redemptions. The funds were temporarily paused due to the pandemic.

Morley Greene
Despite the substantial disruption in the commercial real estate industry caused by COVID-19, the firm has maintained distributions across all funds with no delays or reductions.

Trez Capital’s stability over the past few months is a result of our prudent risk management and deep industry knowledge and expertise,” says Morley Greene, Chairman and Chief Executive Officer.

 “We have always placed the interests of our investors first and foremost.

"During the unprecedented economic impact caused by the novel coronavirus our best-in-class origination and underwriting capabilities and our partnerships with leading developers were put to the ultimate test and resulted in stability in a time of uncertainty.”

CONTACT:

BoardroomPR
Eric Kalis

Todd Templin
954-370-8999


Monday, July 6, 2020

$11.6 Million Sale Opportunity Hits the Market in Wynwood, FL

Quinn Sousa
Ryan Shaw
MIAMI, FL, July 6, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the exclusive listing two Wynwood Properties 2010 & 2019 NW 1st Ct, 15,900 and 13,715 square feet of land respectively, located in Miami, FL, according to Scott Lunine, Regional Manager of the firm’s Miami office.
The asset is listed for $11,610,000.

Ryan Shaw First Vice President, Jose Fernandez and  Quinn Sousa, investment specialists in Marcus & Millichap’s Miami office, has the exclusive listing to market the property on behalf of the seller, a limited liability company.  

Jose Fernandez
“These two properties are located on the south end of Wynwood where there has been a lot of recent activity with popular places like Astra Rooftop that has opened a block from the property and tech company ROKK3R Inc.

 "Developers Related just purchased two blocks east on Miami Ave and Sarkis Izmirlian, the developer of Baha Mar in Bahamas who purchased property on 20th Street just west of the subject in December last year,” says Shaw

Wynwood Properties is located at 2010 and 2019 NW 1st Ct in Miami, FL.  The properties are 15,900 and 13,715 square feet respectively.

Sarkis Izmirlian
The zoning is T6-8-O and T-5 with Wynwood overlay of NRD-1. The properties can fit a total of 101 residential units or 202 hotels between the two properties.

CONTACT:

Scott Lunine
Vice President / Regional Manager, Miami
(786) 522-7000

Marcus & Millichap's Issenberg Britti Group Arranges $6.5 Million Sale of 7-Eleven Site in Venice, FL


Ronnie Issenberg

VENICE , FL, – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 7-Eleven, a 3,010 SF convenience store on a large 1.8 acre parcel just off I-75, net-leased property located in Venice , FL, according to Scott Lunine, Regional Manager of the firm’s Miami office.

The asset sold for $6,513,026.

Gabriel Britti
Gabriel Britti, Kevin O'Hanlon and Ronnie Issenberg, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  

The buyer, an individual/personal trust, was secured and represented by Jerry Swon, investment specialists in Marcus & Millichap’s Manhattan office.
 Kevin O'Hanlon

This was a newly constructed 7 Eleven with a 15 year absolute net lease that opened days before the closing. 

Jerry Swon
The property showed the strong interest of New York Investors seeking credit tenant, leased assets in Florida while taking advantage of the no-state income taxes, says Issenberg.



7-Eleven is located at 2751 N. River Road in Venice, FL.


CONTACT:

Scott Lunine
Vice President 
Regional Manager, Miami
(786) 522-7000

SG Blocks Wins $4 Million Hospitality Manufacturing Contract in South Florida


Paul M. Galvin

BROOKLYN, N.Y.--(BUSINESS WIRE)--SG Blocks, Inc. (NASDAQ:SGBX), a leading designer, fabricator and innovator of container-based structures, announced it has executed a $4.0 million contract to manufacture a boutique, mixed-use hospitality project with a leading Florida-based general contractor.

Located amongst the Everglades, plans for the development feature 24 hospitality units to be made available for guests, as well as a dining component all centered around a most beautiful setting.

 The contract is expected to commence in August 2020 and to be completed in the first quarter of 2021.



 “The design and location of the project are ideal for eco-chic hurricane resistant hospitality units," said SG Blocks Chairman & CEO Paul M. Galvin.
"Our International Code Council approved containers create quite comfortable interiors while being fully resilient for life in coastal areas."

CONTACTS:

James Carbonara
 Regional Vice President
tel: 646-755-7412
cell: 917-340-1339

Brett Maas
 Managing Partner
tel: 646-536-7331
cell: 480-861-2425
email:

Hayden IR
10 Times Square at 1441 Broadway
Suite 5013
New York, NY 10018


Proper Title, LLC, Promotes Kathy Kwak To Executive Vice President, Hires Zjacobe Snyder As Senior Escrow Officer

                                                                                     
 Kathy Kwak

CHICAGO, IL – Proper Title, LLC, the Palatine, Ill.-based title insurance agency serving the residential and commercial real estate industries,  announced it has promoted Kathy Kwak to executive vice president of operations and counsel. 

Kwak will be responsible for managing Proper Title’s processing, closing and overall operations. The firm has also hired Zjacobe (“Cobe”) Snyder as senior escrow officer in its Loop office.

Joni Meyerowitz

“Kathy has done an outstanding job over the years in building trusted relationships with our attorney clients while also fostering a collaborative culture among staff through a team-management style that employees respond positively to,” said Joni Meyerowitz, chief executive officer of Proper Title. 

“Her leadership and vision have successfully guided Proper Title to being a leader in our industry during the pandemic by quickly adopting new protocols to offer safe and creative closing processes, and her passion for excellent customer service will help position the firm for continued growth. 

"Kathy’s experience on all sides of a real estate transaction also brings a unique perspective for managing risk on any title insurance issue.”




Kwak has been a part of the real estate industry as an attorney or as an underwriting counsel for the past 14 years, with seven years dedicated to the title insurance industry. 

She joined Proper Title in 2017, rising from director of title to vice president to her new role as executive vice president. Prior to joining Proper Title, Kwak served as underwriting counsel for Near North Title Group and First American Title Insurance Co. 

Before entering the title industry, she was a senior real estate advisor for the Board of Education of the city of Chicago.

“It’s an honor to lead a title agency with such an entrepreneurial spirit, especially now,” said Kwak. “We swiftly adapted when the stay-at-home order began by offering curbside closings and remote notarizations so we could continue serving our clients with the same level of care and attention while social distancing. 



"In addition to these changes, we also were lucky to find and hire Cobe, who is bringing her enthusiasm and attention to detail to our Loop office.”

A 25-year veteran of the title insurance industry, Snyder will focus on continuing the growth of Proper Title’s Loop business as a senior escrow officer. 

Prior to joining Proper Title, she spent 12 years as an escrow officer at Fidelity National Title Insurance Co., where she finalized the purchasing and refinancing of residential and commercial properties. 

Snyder also worked as a closing officer for City Suburban Title Insurance, Prudential Preferred Properties and First American Title Insurance Co.

“Cobe’s depth of experience and her dedication to customer care ensure smooth closings and no surprises,” said Kwak. “We’re thrilled to bring someone on board who is so skilled in complex closings, especially as we rapidly grow our downtown presence.”

Proper Title has 10 closing offices throughout the Chicago area, including suburban locations in Palatine, Northbrook, Libertyville, Park Ridge, Oak Brook, Naperville and St. Charles, as well as closing locations in Chicago’s Loop, Bucktown and Irving Park neighborhoods. The title company also offers remote closings to attorney clients.


CONTACTS: 

Paula Widholm, pwidholm@taylorjohnson.com, (312) 267-4525
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527