Wednesday, September 15, 2021

Tauro Capital Advisors Expands Platform; Appoints Karen Stager as Senior Director

Karen Stager 

 LOS ANGELES, CA — Tauro Capital Advisors, Inc., a fully integrated financial services company and fiduciary with a diverse background in all aspects of commercial real estate, has expanded its advisory platform serving financial institutions, and other capital providers, according to D. Scott Lee, Managing Partner at Tauro Capital Advisors. 


D.Scott Lee

“This expanded platform is Tauro’s first advisory offering catering to the needs of capital providers,” says Lee.

“As these entities expand into the real estate finance space or find themselves needing additional bench strength or specific market, product, or analytical knowledge or experience, they are seeking advice from a firm like ours that has deep expertise in real estate and can help guide them successfully in financing transactions related to this industry.”


Stephen Stein

 

In conjunction with this expansion, Tauro has hired Karen Stager as Senior Director, Advisory Fee Services to lead our advisory services activities to capital providers.

 A 34-year commercial real estate and financial investment professional with extensive valuation, asset management and workout experience, Stager is responsible for spearheading the firm’s effort to bring in capital advisory fee business, according to Lee. 

Lee, and his partner, Stephen Stein, formed Tauro in 2017 to assist stakeholders in reaching their financial objectives in commercial real estate investment.

 Contact:  

 

Anthea Davis 

Brower Group 

(949) 981-7700 

andavis@brower-group.com

https://www.taurocapitaladvisors.com.  

taurocapitaladvisors.com/services.  

 

Courtyard by Marriott Salt River Commences Multi-Million Dollar Renovation in Arizona

Alix Smith, Ba’ag ceksan, CEO
  

SCOTTSDALE, AZ, Sept. 15, 2021—Officials of The Cornerstone Collective today announced the multi-million-dollar renovation of the 158-room Courtyard by Marriott Salt River in Arizona. 

With a targeted completion date of Fall 2021, the renovation includes many custom elements and enhances brand standards by focusing on the hotel’s location on the Salt River Pima-Maricopa Indian Community. 

Owned by Ba’ag ceksan (Eagle Mark), LLC, the Courtyard is the first Marriott hotel built on tribal land in the United States. 

While respecting the original design intent, our vision is to further elevate the property with design elements that honor the Salt River Pima-Maricopa Indian Community,” said Suzie Hall, founder and CEO, The Cornerstone Collective. 

Suzie Hall

“Sleek, shimmering materials will represent water, while textured, woven elements will represent the tribes’ history of basket-weaving. 

"Like the two tribes coming together to create one community, two color palettes –warm earth and cool water –will be used in harmony to create one cohesive design.”

                The renovation includes all guest rooms and public spaces, including lobby, bistro, breakfast area, bar, ballrooms and meeting space and fitness center.

Courtyard by Marriott Salt River Arizona
 
 5201 North Pima Road, Scottsdale, AZ

Located at 5201 North Pima Road, Scottsdale, Ariz., the four-story culturally rich hotel offers unique décor that embodies the spirit of gathering. 

The hotel is part of the Talking Stick Entertainment District and within reach of Scottsdale’s finest attractions including championship golf, world class shopping and culinary adventures. 

Nearby destinations include Salt River Fields, spring training home of the Arizona Diamondbacks and Colorado Rockies; OdySea, the largest aquarium in the Southwest; and Talking Stick Casino, featuring 800+ slot machine and 50+ gaming tables. 

 Talking Stick Casino, Scottsdale, AZ

Hotel amenities include the Bistro Café, the Market, fitness center, outdoor pool, whirlpool and nearly 5,400 square feet of meeting space. 

Guest rooms feature plush bedding, complimentary Wi-Fi, mini-refrigerators, microwaves and ample space to work and/or relax. 

                “Cornerstone did a fantastic job creating a vision for our sister hotel, the Residence Inn Salt River, and we wanted their team to capture that energy here at the Courtyard,” said Alix Smith, Ba’ag ceksan, CEO. 

Salt River Fields. Maricopa County, AZ

“The Residence Inn features many custom design elements and FFE throughout the property, including a custom ‘bird’ ceiling treatment that mirrors the one in our lobby, as well as a river motif designed as a symbol of the Salt River, flowing between the two hotels. 

"We are proud of the hotel’s Native American roots and believe guests will appreciate the special touches Suzie and her team have added to the two hotels to inform and entertain guests.”

OdySea Aquarium, Scottsdale, AZ

CORNERSTONE COLLECTIVE

The Cornerstone Collective is a holistic and integrated full-service design and construction solution that accelerates and simplifies the hotel development process. 

The group brings proven leadership, exquisite talent, innovation and optimal resources together to create the ideal team for hospitality projects. 

This new, innovative approach keeps all elements of a project under one canopy, advancing the process to ensure deadlines are met and strict spending budgets are kept. 

Meaningful results and an optimized ROI are just as important as creating unique, custom environments for guests.

Grounded in almost three decades of award-winning notable design, Cornerstone’s strategic vision through tactical solutions guarantee a best-in-class experience for our clients. 

Its extensive experience in high-end hospitality, resort, master planning, LEED and healthcare markets positions the company to anticipate potential gaps and to capitalize on innovative opportunities.


Contact:

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

Tuesday, September 14, 2021

Long Live Lodging Network Launches 'Top Floor'; New Podcast Hosted by Industry Marketing Expert Susan Barry

 Susan Barry

 ATLANTA, GA,  Sept. 14, 2021—Long Live Lodging, an online news organization that covers the hospitality industry, today announces the launch of its newest podcast, Top Floor.

Hosted by longtime industry marketing expert Susan Barry, the podcast features in-depth conversations with prominent hospitality figures who provide actionable advice based on real-world experiences in hospitality marketing.

 Judy A. Maxwell

                “Our mission at Long Live Lodging is to tell meaningful stories that offer valuable insights into the hospitality industry. Top Floor checks all the boxes in helping us achieve that goal,” said Judy A. Maxwell, editorial director at LLL. 

 “With her sense of humor, easy conversational style and established credentials, Susan comfortably engages the audience and, at the same time, provides valuable information. It’s a fun and informative listen.”

                Barry founded and has operated Hive Marketing agency since 2009. Previously, she spent a decade as a director of sales and marketing for multiple Starwood hotels in Washington, D.C., Denver and Atlanta.

For more information, please visit https://longlivelodging.com/media-kit.

 CONTACT:

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

Rainbow Housing Assistance Corp. Joins Related Affordable to Revitalize Two Senior Apartment Communities in West Palm Beach, FL

Flynann Janisse
 

West Palm Beach, FL – Rainbow Housing Assistance Corporation (Rainbow), a national nonprofit organization which provides service-enriched programs for residents of rental housing communities throughout the country, has been selected as the primary services provider for St. Andrews Residences and St. James Residences, two senior housing communities located in West Palm Beach. 


Related Affordable, one of the largest developers, financiers, and preservationists of affordable and workforce housing in the United States, expanded its partnership with Rainbow to implement programming focused on nutrition, financial awareness, and fitness, as well as computer training and other educational services.

 

“With the pandemic compromising seniors on multiple levels, we are focusing on preventing social isolation, and encouraging an active and healthy lifestyle from the comfort of their home,” said Flynann Janisse, Executive Director of Rainbow. 


“Our onsite Resident Services Coordinators are working in collaboration with local and regional partners to improve access to resources which will promote health and wellness along with computer training as a key program to help residents stay connected to family and friends.”


Dave Pearson


Janisse adds: “The renovations are only one step to refreshing St. Andrews Residences and St. James Residences. Our supportive services allow for residents to thrive in a community-driven environment while allowing them to connect to easily accessible resources.” 


“Affordable housing has laid the foundation of Related’s real estate work for nearly 50 years, and we are proud to continue our legacy of preserving at-risk affordable housing in the flourishing community of West Palm where we have worked in nearly every aspect of development for over two decades,” said Dave Pearson, Senior Vice-President, Related Affordable. 


“We believe everyone, regardless of income level, deserves to have a place to call home and look forward to ensuring that seniors in West Palm have an upgraded and highly amenitized affordable place to live for decades to come.”


  

To learn more about Rainbow, please visit https://rainbowhousing.org.

 


CONTACTS:


CinnamonThompson, cthompson@hoytorg.com

The Hoyt Organization, 310-933-6836



Monday, September 13, 2021

Hold-Thyssen Closes Multi Year Lease with Leading Edge Title In Downtown Winter Park, FL

Darby Hold 

WINTER PARK --- Hold-ThyssenInc., a full service real estate services firm recently completed a multi-year lease agreement with Leading Edge Title LLC for 1,640 rentable square feet in the New England Building at 243 W. Park Ave. in Winter Park . 

 Hold Thyssen’s Senior Director Darby Hold negotiated the lease representing the Landlord, New England Partners, LLC.   

New England Building,  243 West. Park Avenue, Winter Park, FL

The tenant is a real estate title insurance company, diversified in commercial and residential real estate transactions, with two locations in Winter Park , one in Winter Springs and one in the Tampa Bay area.   They have been doing business in the Orlando market for more than 20 years.

 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 management portfolio includes more than 100 commercial properties throughout the United States.


CONTACTS:

Anthony Fisher, Vice President, Hold-Thyssen Real Estate Services, 407-691-0505, afisher@HoldThyssen.com


 Robert P. Hold, Principal, Hold-Thyssen, Inc. 

407-691-0505, bhold@HoldThyssen.com


 Beth Payan, Larry Vershel Communications Inc. 

407-644-4142 or 407-461-3781 Beth@larryvershel.com

 

Sunday, September 12, 2021

Jacksonvillel. FL Class A office portfolio trades in off-market transaction

4190 Belfort Rd. has 119,230 square feet of office space that is 85% leased while the 103,358 square feet at 4345 Southpoint Boulevard is vacant

 ORLANDO, FL –– JLL Capital Markets has closed the sale of a two-property, Class A office portfolio totaling 223,588 square feet at 4190 Belford Rd. and 4345 Southpoint Blvd. in Jacksonville, Florida.

Hermen Rodriguez
JLL represented the buyer, Bradford Allen Investment Advisors, LLC, in an off-market transaction. 

The seller was a joint venture of TriGate Capital and LRC Properties.

 The two properties are positioned within Enterprise Corporate Park about eight miles southeast of downtown Jacksonville. 

This location is just east of the Interstate 95 and John Turner Butler Blvd (202) and adjacent to the St. Vincent’s Medical Center.

Robbie McEwan


4190 Belfort Rd. has 119,230 square feet of office space that is 85% leased while the 103,358 square feet at 4345 Southpoint Blvd. is fully vacant. 

Overall, the property is leased to 14 tenants across 11 different industries.

 The JLL Capital Markets team representing the buyer was led by Senior Managing Director Hermen Rodriguez, Senior Director Robbie McEwan, Managing Director Ike Ojala, and Director Matthew McCormack with support from Analysts Max Lescano, Blake Koletic and Michael Roukis.

Ike Ojala
 “Jacksonville continues to be a magnet for companies looking to relocate, which makes it an attractive location for savvy investors,” McEwan noted.

 “There has been a migration of capital from across the country into the Southeastern United States and expect that trend to continue into the future.”

 JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.

Matthew McCormack
The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.

JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities.

Max Lescano

JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021.

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

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

 

Michael Roukis

 CONTACT:

 

 Kristen Murphy

Senior Manager

 Public Relations

 Investor Services

JLL

One Post Office Square

Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

 jll.com

 

Saturday, September 11, 2021

RMK Management Corp. Awarded Property Management of 10 N. Main Luxury Apartments in Downtown Mount Prospect, IL

Anthony Rossi Sr.
 

CHICAGO, IL — RMK Management Corp., one of the Midwest’s largest market-rate apartment management firms, has been selected by First Equity Group LLC to oversee property management for 10 N. Main, a new five-story, 97-unit luxury apartment building in downtown Mount Prospect, Ill..

 

Located at 10 N. Main St., the community welcomed its first residents earlier this year.

 

“We’ve been managing apartments across the Chicagoland area for more than 40 years, so we know exactly what matters to renters in this suburban market and are thrilled to add 10 N. Main to our management portfolio,” said Anthony Rossi Sr., chairman of Chicago-based RMK Management.


10 N. Main, a new five-story, 97-unit
luxury apartment building in
downtown Mount Prospect, IL


 “Over the past few years, there has been an increasing demand for luxury rental in the suburbs, which was only exacerbated by the pandemic.

 

"And until just this past year, Mount Prospect hadn’t seen a new, Class A rental option for decades.

 

“10 N. Main is the right building, at the right time and in the right location. It’s a great option for renters looking for more living space as well as access to the outdoors – whether it’s a private balcony or terrace or the building’s shared rooftop amenity space.”

 

Located in downtown Mount Prospect, 10 N. Main has a “walk score” of 72, and is a book-lovers dream, as residents are across the street from the Mount Prospect Public Library. 





10 N. Main offers studio, one-bedroom, two-bedroom, and three-bedroom apartments, with one to two baths, measuring 598 to 1,353 square feet, although only one-and two-bedroom apartments are currently available.

 

Rents for one-bedroom apartments range from $1,815 to $1,843 per month, and rents for two-bedroom apartments range from $2,320 to $2,396 per month, inclusive of all specials.

 

 

CONTACTS:

 

 Kathryn Kjarsgaard

 kkjarsgaard@taylorjohnson.com

 (312) 267-4514

 

Kim Manning

 kmanning@taylorjohnson.com

 (312) 267-4527

10northmainapartments.com.

JLL Capital Markets closes $30 million sale of TownCenter Park in Wilsonville, OR to Canadian REIT

Carrie Kahn 
 

 PORTLAND, OR – JLL Capital Markets has closed the $30 million sale of TownCenter Park, a 111-unit, 1990-built, garden-style multi-housing community in Wilsonville, Oregon.

 

JLL marketed the property on behalf of the seller, Curtis Capital Group, and completed the sale to RISE Properties Trust.


Ira Virden
TownCenter Park comprises one-, two- and three-bedroom units ranging from 802 to 1,350 square feet.

 

The seller completed significant exterior improvements during their five-year ownership including new siding, roofs and windows.

 

Interior renovations to 40 units included upgrading vinyl plank flooring and carpet, stainless steel appliances, laminate countertops, white shaker cabinetry and hardware, upgraded lighting, new decks and two-inch faux wood blinds.


The property is located at 29250 Southwest Parkway Ct. in Wilsonville, a suburban neighborhood along the banks of the Willamette River.


Frank Solorzano
TownCenter Park is situated along Interstate 5, offering a 30-minute commute to both Salem and downtown Portland, the state’s two largest economic hubs with over 350,000 jobs combined.

 

Additionally, the community is 1.5 miles from the WES Commuter light rail station, which runs north along Interstate 5, connecting Wilsonville with other public transit lines such as MAX light rail in Beaverton.

 

The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Senior Managing Director Ira Virden, Senior Director Carrie Kahn and Associate Frank Solorzano.

 

“The combination of a proven value-add program, lack of new multi-housing development within Wilsonville and the extensive capital improvements completed by the seller make TownCenter Park a strong addition to RISE Properties Trust’s portfolio,” Kahn said.


TownCenter Park, 111 units, Wilsonville, OR


“Our team was thrilled to represent Curtis Capital Group on this transaction, which was one of the first value-add opportunities marketed in the Portland MSA in early 2021.”

 

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

 

CONTACT:

 

Kimberly Steele

JLL Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 

jll.com