Daytona Beach, FL Area Welcomes Third Location for Homebuilding Industry Supplier Blackton Inc.

Michael “Micky” Blackton

 HOLLY HILL, FL  --- The 2021 boom in Central Florida’s construction activity set off significant growth for Blackton, Inc., one of Central Florida ’s largest and most active suppliers of roofing and flooring materials to the homebuilding industry.

With a 30 percent increase in 2021 business volume over last year, CEO Michael “Micky” Blackton said his company will open a third distribution location in the Daytona Beach area at 1550 Pine Ave., Holly Hill, by the end of this month.

Blackton signed a long-term lease for a 12,000 square foot industrial building with a large outdoor paved yard for staging and loading material.  “We just completed fresh exterior paving and painting and remodeled the two-story interior office,” he said.

Less than three years ago Blackton opened a 15,000 square foot location near downtown Leesburg to serve The Villages and Gainesville area that required adding another 10,000 square feet last year as business flourished into adjacent counties.

Downtown, The Villages, FL

The new expansion will facilitate more prompt service to the firm’s current builder-customers with subdivisions in the Daytona, Palm Coast and Jacksonville areas, such as D.R. Horton and Maronda, Blackton explained.

“We’ll be taking on new builders and serving them along with our current builders with a faster turnaround time," he adds.”

The company currently employs 110 companywide, including a retail location in South Orlando and will initially operate the Holly Hill facility with a staff of 18.  

 

Headquartered at 1714 Alden Rd. near Ivanhoe Row north of downtown Orlando the family-owned operation has been supplying the homebuilding industry from Jacksonville to Tampa for more than six decades.

 

Contacts:

 

Michael “Micky” Blackton, Chairman, Blackton Inc. 

407-898-2661 Micky@Blacktoninc.com

 

Beth Payan, Larry Vershel Communications

 407-644-4142 or 407-461-3781

 beth@larryvershel.com

 

JLL arranges $265 million refinancing for master-planned beach resort in Southern California

 

Olga Walsh

SAN DIEGO, CA – JLL’s Capital Markets group has arranged a $265 million refinancing for a 387-key, master-planned beach resort in Oceanside in North County San Diego, California.

 

The resort includes the 161-key Mission Pacific boutique hotel and The Seabird Resort, a 226-key full-service resort.

Timothy Wright

JLL represented the borrower, S.D. Malkin Properties, to secure the floating-rate, interest-only loan through ACORE Capital.

The new loan will provide cost savings, term and flexibility for the sponsor.

 

“The financing is a great validation of the bespoke hotels that have been created and Oceanside’s rising ‘cool factor’,” said Jeremy Cohen, Senior Vice President of S.D. Malkin Properties.

 

“The Mission Pacific and The Seabird hotels are very high-quality assets in an up-and-coming market in Oceanside, California,” added Kyle Jeffers, Senior Managing Director and Co-Head of Originations at ACORE Capital.

 

“The S.D. Malkin Properties team is a world class sponsor, and we are honored to work with them and JLL on the financing.”

Jeremy D. Cohen

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Timothy Wright and Director Olga Walsh in coordination with the JLL Hotels & Hospitality team.

 

“We are very excited to have been a part of the capitalization on this iconic waterfront property, which is transforming North San Diego County and providing a valuable complement to the SoCal hospitality offering,” said Wright.

 

“The capital markets responded well to the opportunity to finance this prime asset for a strong sponsorship group, which resulted in a competitive marketing process and ultimately favorable terms for our client,” added Walsh.

 

Completed in May 2021, the adjacent world-class design-oriented hotels are located on a premier 2.75-acre, two-block site spanning 700 feet of beachfront real estate.

Kyle Jeffers

Operated by Hyatt, both hotels offer ocean views, direct beach access, an entire ecosystem of food and beverage experiences, interior meeting and function space, two pools with views of the Pacific, and access to some of the best surfing on the California coast.

 

The site also features the historic 1887 beach cottage featured in the Top Gun movie, which will open soon as a nostalgic dessert bar.

 

Mission Pacific and Seabird have easy access to the historic Oceanside Pier and downtown cultural attractions, such as the Oceanside Museum of Art and the California Surf Museum.

 

 They play an important role in continuing the transformation of downtown Oceanside into the iconic destination that it once was in the early 20^th century.

161 key Mission Pacific boutique hotel, Oceanside, CA 

The hotels are located four minutes from Interstate 5, connecting the properties with local and regional guests throughout San Diego, Orange, Riverside and Los Angeles counties.

 

Amtrak’s Surfliner and Metrolink with links to Los Angeles and Orange County are less than two blocks away.

The Seabird Resort, 226 key hotel, Oceanside, CA

The properties’ beach front location is a significant barrier-to-entry given strict zoning constraints and the lack of entitled and developable oceanfront land in Southern California.

 

The hotels are further bolstered by the strong lodging market fundamentals in San Diego.

 

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

 

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

 

Contact:

 

Cierra Lacasse

JLL Associate

Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com

 

www.acorecapital.com.

 jll.com.

KAI Design Hires Charles Hoffmann, AIA as Senior Project Architect in Texas Office

 

Charles Hoffmann

St. Louis, MO, Jan. 25, 2022 -- KAI Design is pleased to announce the hiring of Charles Hoffmann, AIA as Senior Project Architect at its Dallas-Fort Worth, Texas office.

 Hoffmann has more than 35 years of experience in design, production and construction administration.

 

Brad Simmons

“KAI is thrilled to have Chuck join our design team. He is a seasoned and experienced technical architect that really knows how to put a building together,” said KAI Managing Partner Brad Simmons, FAIA. 

 

“Chuck understands the art and science of architecture and how to successfully apply that expertise in a methodical, coordinated and design-focused manner that produces an outstanding end-product. His leadership style and approach to mentoring younger practitioners is outstanding.”

 

Hoffmann earned a Bachelor of Architecture from Kansas State University and is a registered architect in the State of Texas. He is also certified with the National Council of Architectural Registration Boards and is a registered Interior Designer in Texas.

 

When he isn’t working with clients, Hoffmann enjoys spending time with his wife Delma and son Carl. He is also an avid boxer and in 1979 was runner up for the Kansas City Missouri Golden Gloves title.

 

Contact:

 

Jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com

www.kai-db.com.

 

KBS Promotes Marc DeLuca to CEO

Marc DeLuca

 Chuck Schreiber

NEWPORT BEACH, CA, Jan.25, 2022 – KBS, one of the largest commercial real estate investors in the country, has announced several leadership promotions to usher in the company’s next phase of growth.

 The firm, founded in 1992 by Chuck Schreiber, Peter Bren, and Don Koll, has appointed a new CEO, CFO, and vice president/asset manager and has established an Executive Committee as it achieves in 2022 a milestone of 30 years in business. 

Marc DeLuca, who has been with KBS for eight years and serves as Eastern regional president of the firm, has been promoted to Chief Executive Officer of KBS. DeLuca has taken over strategic management of the company and will guide its direction and focus moving forward.

Peter Bren

“Marc is well respected in our industry and possesses decades of proven leadership and business experience,” says Schreiber. 

“He emulates the high levels of professionalism and business expertise which will complement his success as our new Chief Executive Officer.”

 Schreiber who has held the role of CEO for 23 years has taken on a new role for the company as president and chairman of KBS and will remain an active member of the company’s leadership team. 

Don Koll

Schreiber will utilize his new role to focus on the strategic vision and future of KBS.

 In addition, KBS has promoted Jeff Waldvogel to Chief Financial Officer of KBS, a newly created position. Waldvogel has been with the firm for 11 years and has over 19 years of financial and accounting experience in the real estate industry. 

Additionally, KBS has promoted Luke Hamagiwa to vice president/asset manager of the Eastern region. 

Since joining KBS in 2016, Hamagiwa has led the acquisition and disposition of more than 2.1 million square feet of assets with a transactional value of more than $421 million. 

He also oversaw the Midwest portfolio for KBS encompassing 3.7 million square feet across seven assets. Hamagiwa currently oversees a portfolio of eight Class A properties within the District of Columbia, Maryland, Virginia (DMV) and Philadelphia markets totaling over 1.6 million square feet.

 Luke Hamagiwa

As these leadership changes take place, KBS is celebrating its 30^th anniversary in business in 2022. 

Over the last thirty years, KBS has achieved over $44 billion in transactions and has acquired and managed a portfolio of superior properties located in some of the strongest growth markets in the country, according to DeLuca.

Jeff Waldvogel

“From the day KBS was founded 30 years ago, its leadership has challenged its employees and colleagues to maintain the highest ethical standards, both at work and in their personal lives. 

"Our reputation rests on the stringent values and commitment to these standards – standards we will not allow to be changed,” says DeLuca. 

“We will continue to be focused on preserving the high standards for which our culture is known.”

 

CONTACT:

Arleeny Escarcega

 aescarcega@thesmartagency.com

 www.kbs.com.

 

Stevens-Leinweber Hires Nick Litwiller as Director in Move to Build Leadership Team

Nick Litwiller

 

 PHOENIX, AZ – Marking its growth in a thriving construction market, Phoenix-based Stevens-Leinweber Construction (SLC) – one of the Valley’s most active ground-up and tenant improvement contractors – has expanded its leadership team with the addition of industry veteran Nick Litwiller.

 Litwiller will oversee the management of key improvement initiatives and operations for SLC’s thriving project pipeline, which spans millions of square feet of office, industrial, retail and amenity space in metro Phoenix’s hottest growth markets and within many of its most prominent developments.

Stevens-Leinweber Construction (SLC), Phoenix, AZ

Current and recently completed SLC projects include the ground-up construction of PLC Two, Chandler Connection, Chandler Corporate Center II and numerous buildings within the PV 303 business park.

 

Recent tenant improvements include work for corporate entities such as Opendoor, Eide Bailly, Alliance Bank and Align.

 

Litwiller brings with him 15 years of industry experience, including portfolio planning and management, project management, and investment and asset management for clients ranging from local entities up to Fortune 100 real estate concerns.

Chandler Connection, Phoenix, AZ

Prior to joining SLC, Litwiller served as Director of Real Estate for Iowa-based SHYFT Collective, where as head of the Arizona office he was responsible for managing the company’s Southwest project portfolio.

 This included leading the development, amenity operations and relocation of a new 450,000-square-foot regional headquarters for Nationwide Insurance in Scottsdale, Arizona.

Chandler Corporate Center Phase 2, Phoenix, AZ

Within the industry, Litwiller enjoys a network of strong and mutually respectful relationships with owners, landlords, brokers, vendors and institutional and corporate real estate tenants.

 

He holds a bachelor’s degree in finance from the University of Iowa Tippie College of Business, is a licensed Arizona Real Estate Salesperson and a designated Project Management Professional (PMP) from the Project Management Institute.

  

 

 CONTACTS:

 

Stacey Hershauer

stacey@focusaz.com

480.600.0195

 

Kairos Investment Management Co. (KIMC) CEO Carl Chang Named Board Chair to Los Angeles Branch of San Francisco Federal Reserve Bank

Carl Chang

 

LOS ANGELES, CA, Jan. 24, 2022 – Kairos Investment Management Company (KIMC), a firm that focuses on value-based real estate investments with favorable risk/reward characteristics, has recently announced the appointment of its CEO, Carl Chang, to Chair of the Board for the Los Angeles Branch Board of Directors of the Federal Reserve Bank of San Francisco.

 This appointment comes as part of the Federal Reserve Act of 1913, which requires each of the 12 Reserve Banks to function under the supervision of a Board of Directors.

 Under this act, the Board of Directors has the responsibility to represent the interests of the 12^th Reserve District to help fulfill operational and policy responsibilities.

Federal Reserve Bank of San Francisco
101 Market Street, San Francisco, CA 94105

“This appointment marks a huge step forward for not only our firm but also for firms that are in similar industries as Kairos,” says Chang.

 “One of our main areas of responsibility as Board members is to act as a link between the government and businesses in the private sector and voice our views on current and future monetary policies.

 "I look forward to carrying out this important mission in my new role with the Board.”

 

CONTACTS:

Arleeny Escarcega / Lexi Astfalk

The Smart Agency, Inc.

(949) 438-6262
aescarcega@thesmartagency.com

www.kimc.com.

Las Vegas Coalition to Make Homes Possible to host monthly webinar series with housing counselors, starting Saturday, Jan. 29 at 10 a.m.

Nia Girma

LAS VEGAS — Sponsored by Homie, a tech-based real estate company, the Las Vegas Coalition to Make Homes Possible will host a new monthly webinar series enabling potential homebuyers to ask questions about how to get on the path to homeownership and receive free housing counseling in an online, group format.

The first session, hosted by Nia Girma, an Affordable Housing Advocate at State of Nevada Housing Division, will occur on Saturday, Jan. 29 at 10 a.m. and focus on down payment assistance. The webinar is free, but pre-registration is requested at https://www.makehomespossible.org/live-qa/.

 

Subsequent sessions will be held at 10 a.m. on the last Saturday of every month through May 28, and cover topics that often challenge potential homebuyers like homebuyer requirements, credit building, local market trends, student loan debt, and bankruptcy. Sessions will also promote various resources available locally and from Coalition partner agencies that can assist homebuyers.

 

 

The Las Vegas Coalition to Make Homes Possible launched in February 2021 to help close the Black homeownership gap in the Las Vegas Valley by empowering up to 25,000 families with the resources to achieve homeownership over the next ten years, including down-payment assistance, financial coaching, credit repair, housing counseling, and real estate services. In Southern Nevada, only 35 percent of Blacks are homeowners, compared to a supermajority for white households.

Amy Maier

A disruptor to the residential real estate industry, Homie is committed to making homeownership easy, affordable, and accessible to all.

 Through its Homie Helps community initiative, Homie convened a diverse group of community leaders and organizations as founding members of the Coalition, including the Urban Chamber of Commerce, Nevada Housing Division, city of Las Vegas, Nevada Partners, National Association of Real Estate Brokers (NAREB), Neighborhood Assistance Corporation of America (NACA), NID Housing Counseling Agency of Southern Nevada, and AmeriFirst Financial. 

Homie Helps is supporting the Coalition’s first year of community awareness and outreach efforts, including staff, events, and advertising.

CONTACT: 

Amy Maier

 The Warren Group

 amy@twgpr.com

 

JLL arranges $318 million financing for six-property, 1,494-unit multi-housing portfolio located throughout Maryland, Virginia and Alabama

 Melissa Marcolini Quinn

 ORLANDO, FL, Jan. 24, 2022– JLL’s Capital Markets group announced today that it secured a $318.45 million acquisition loan for a six-property, 1,494-unit multi-housing portfolio located across Maryland, Virginia and Alabama.

 

JLL represented the borrower, Carter Multifamily, to secure the floating-rate, non-recourse bridge loan through J.P. Morgan Chase Bank that will facilitate a Single Asset Single Borrower (SASB) securitization, which is a single-loan large enough to create its own pool for securitization.

 Emily Moallem

 

The multi-housing portfolio consists of:

·         Park at Kingsview Village, 13414 Daventry Way, Germantown, Maryland

·          ·         Stonecreek Club, 12840 Locbury Circle, Germantown, Maryland

·         Hunt Club leasing office, 404 Christopher Avenue, Gaithersburg, MD

·          ·         Springwoods at Lake Ridge, 12395 Midsummer Ln., Woodbridge, Virginia

·         Windsor Park. 3937 Penshurst Ln., Woodbridge, Virginia

·         Oaks of St. Clair, 5050 Oaks of St. Clair Circle, Moody, AL

Featuring garden-style construction with competitive amenities, the overall portfolio benefits from the surging demand for workforce housing.

 

Five of the properties are in the Washington, D.C. suburbs, providing tenants access to the fast-growing job market in and around the District.

 

The 326-unit Park at Kingsview Village, the 240-unit Stonecreek Club and the 336-unit Hunt Club are set in Germantown and Gaithersburg, Maryland, respectively, which are northwestern suburbs along Interstate 270.

Cody Mizelle

The 220-unit Windsor Park and the 180-unit Springwoods at Lake Ridge are both within Woodbridge, Virginia, a southern suburb approximately 23 miles from downtown Washington, D.C.

 

 Located in the growing Birmingham, Alabama MSA, the 192-unit Oaks of St. Clair is positioned in Moody, Alabama, approximately 20 miles east of downtown Birmingham.

Rob Rothaug 

JLL’s Capital Markets Debt Advisory team that represented the borrower was led by Senior Managing Directors Melissa Marcolini Quinn and Lee Weaver, Director Drew Jennewein, Vice President Rob Rothaug and Associates Emily Moallem and Cody Mizelle.

 

“This portfolio acquisition featured multiple sellers and a compressed timeframe, with less than 30 days from signed term sheet to closing,” Quinn said.

 

“The team at JP Morgan was able to provide an attractive, short-term, balance sheet financing option, which is ideal for the planned SASB take out.”

 Drew Jennewein

“We were able to meet the closing deadline through hard work and significant cooperation among our teams,” Weaver added.

 

 “The borrower team at Carter Multifamily has a track record of adding value to multi-housing assets, and they were fantastic to work with on this acquisition, which will be a terrific addition to their portfolio.”

Lee Weaver

JLL’s Capital Markets group 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 and sales advisory, debt advisory, equity advisory or a recapitalization.

CONTACT:

 Jenna Sharp

JLL Public Relations

Phone: +1 214 394 3356

Email: Jenna.Sharp@am.jll.com

carterfunds.com and cartermultifamily.com.

jll.com.