International Innovation Center @ Vegas Expands To Meet Demand From Tech Community

 

Las Vegas, NV Mayor Carolyn G. Goodman

LAS VEGAS, NV --- The city of Las Vegas is expanding its successful International Innovation Center @ Vegas (IIC@Vegas) business incubator to a second location.

 

The original center is an 11,000-square-foot space at 300 S. Fourth St. that opened in 2019 as an incubator for companies developing smart technologies that align with city priorities.

 

The International Innovation Center II (IIC@VegasII) will officially open in the second quarter of this year at 801 S. Main St. in downtown Las Vegas in the former Western Cab Co. building.

 Olivia Diaz 

According to Mayor Carolyn G. Goodman, city of Las Vegas, the expectation for the second center is the same. “We already have companies lining up for space at our second Innovation Center,” said Goodman.

 “Conventions like CES put the city in the global technology spotlight; and our Innovation District puts in place the infrastructure necessary to support technology development.

 

"Our Innovation Centers further enhance the city’s appeal as a great place to develop and test new, cutting-edge technologies that will ultimately uplift quality of life.”

, J Dapper

“The International Innovation Center @Vegas has been an amazing incubator and we are excited to add additional space at the beautifully renovated Herbert building for our second center,” Ward 3 Councilwoman Olivia Diaz said.

 

“The Las Vegas tech community is growing fast and new startup including workforce development, smart technology, at-risk populations, neighborhood development and public safety."

 

Building owner and local developer, J Dapper, is currently overseeing a full renovation of the building dubbed The Herbert, named after his father-in-law, Herb Tobman, who acquired Western Cab. Co. in 1965.

Herb Tobman

The IIC@VegasII at The Herbert spans 7,000 square feet of the building’s total 9,068 square feet and already boasts two tenants: Safe Arbor and CKI Locker. The building is also home to The Great Greek Mediterranean Grill.

 

 

Contact:

 

Melissa Warren,

The Warren Group

melissa@twgpr.com

702-528-6016

Ware Malcomb Promotes RENÉ SANCHEZ to Studio Manager, Architecture in Mexico City Office

 

                                      RENÉ SANCHEZ 

MEXICO CITY, MEXICO – Ware Malcomb, an award-winning international design firm, announced that René Sanchez has been promoted to Studio Manager, Architecture in the firm’s Mexico City office.

In this role, Sanchez will help lead the growth and management of the Architecture Studio for the Mexico City office and manage select projects.

“Since joining our team, René has been instrumental in our continued growth in the Mexico City market,” said Andres Galvis, Regional Director, Latin America for Ware Malcomb.

Andres Galvis

“We congratulate him on this significant promotion and look forward to his continued contributions for many years to come.”

Sanchez joined Ware Malcomb’s Production Studio in 2013 to help lay the foundation for what is now the company’s largest resource group.

Sanchez holds a License in Architecture from Univesidad Autonoma de Baja California.

 

 

CONTACTS:

Rachel Reenders

VP Public Relations

 KCOMM for Ware Malcomb

rachel@kcomm.com

 Maria Rodgers, Public Relations Manager, 949.660.9128, mrodgers@waremalcomb.com

 Maureen Bissonnette, Principal, 949.660.9128, 

mbissonnette@waremalcomb.com

 

AFFORDABLE HOUSING APARTMENT OWNER COMUNIDAD PARTNERS NAMED FREDDIE MAC’S 2021 IMPACT SPONSOR OF THE YEAR

 

Antonio Marquez

Austin, TX — Comunidad Partners, a minority and women-owned real estate investment firm that specializes in workforce and affordable housing communities in culturally diverse neighborhoods, has recently been selected as an awardee for Freddie Mac’s newly created Impact Sponsor Award.

“Being awarded Freddie Mac’s Impact Sponsor of the Year recognition is truly an immense honor,” says Antonio Marquez, Managing Partner at Comunidad Partners.

 

“This award speaks to the commitment by Freddie Mac to bringing housing and social impact resident services to those in underserved communities and enhances our ability to serve our impact housing mission through our partnership together.”

Anthony Tarter

In September 2021, Comunidad Partners secured a $300 million financing commitment through Bellwether Enterprises and Freddie Mac that supports the creation or preservation of affordable workforce housing throughout the United States.

 

The unique initiative was backed by Freddie Mac’s Tenant Advancement Commitment, which offers competitive financing to operators who agree to maintain or enhance affordability and provide supportive resident services for the duration of the loan purchased by Freddie Mac.

Anthony Tarter, Executive Vice President and Director of Workforce Housing and Social Impact for Bellwether, says “Team Tarter and Bellwether Enterprises are humbled to have our good friends and client, Comunidad Partners, be named Inaugural Impact Sponsor of the Year for 2021 by Freddie Mac.

"Bellwether Enterprises has closed over $1 billion with Comunidad in the past few years and recently established a $300 million Master Financing Commitment that includes Social Impact initiatives. Comunidad is pioneering and paving the way for Social Impact Investing by implementing social services for residents. 

Alexis Sofyanos

“We are excited to name Comunidad Partners as the 2021 Impact Sponsor awardee because the firm collaborates with Freddie Mac in sharing data and strategy, utilizing our Tenant Advancement Commitment, and maintaining a keen focus on tenant social services and affordability – all of which are key components of the essence of this award,” says Alexis Sofyanos, Senior Director, Equity in Multifamily Housing Group at Freddie Mac. “We look forward to our continued relationship for many years to come.”

 

Alexandra Chardell

Comunidad specializes in revitalizing affordable and workforce apartments in infill locations and implementing its specialized cultural management platform, which includes cultural upgrades, community investment initiatives, and ESG / social impact programs.

 

Social programming in its communities includes such elements as virtual health care, ESL classes, job fairs, health and wellness programs, soccer clinics, and after-school programs, among many others.

According to Alexandra Chardell, Manager, Equity in Multifamily Housing Group at Freddie Mac, the company plans to release an application to the broader market for its 2022 Impact Sponsor cohort.

 

“We are looking forward to expanding this new Impact Sponsor award in 2022, she said. “Details on the application and next steps will be available in the coming months.”

 

 

CONTACTS:

 

Katie Haga / Lexi Astfalk

The Smart Agency, Inc.

(949) 438-6262

khaga@thesmartagency.com

Home - Comunidad Partners.

  FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.

 

Bing Crosby Estate with John F. Kennedy Wing selling at $4.5 million

 

Crosby's favorite house site:Thunderbird Heights
 with its 10 golf courses near Palm Springs, CA

PALM SPRINGS, CA -- It’s no secret that White Christmas crooner Bing Crosby’s favorite place to be was in the middle of a golf course.

 He spent so much time playing golf and perfecting his game that he was inducted into the World Golf Hall of Fame. 

President John F. Kennedy

While his peers were buying their vacation houses in Palm Springs, Crosby chose nearby Thunderbird Heights with its 10 golf courses, according to TopTenRealEstateDeals.com.

 

  Were he still with us today, he would be thrilled that it now sports 17 courses.  It was natural for President John F. Kennedy, with his seven handicap, to play with Bing. 

Marilyn Monroe

In fact, Crosby dedicated an entire wing of his house to Kennedy for his own private living quarters while enjoying golf in the warm California climate. 

 

Crosby’s mid-century modern home there, spread out across its 1.36 acres, is now for sale at $4.5 million. 

 Located in a gated community, Bing’s ranch-style home is complemented with grand views of mountains and city lights. 

Bob Hope

Built in 1957 for indoor and outdoor living and entertaining, the 6,700-square-foot home contains a total of six bedrooms and six baths. 

  It includes the attached casita, named after President Kennedy, with two bedrooms, two baths, a living room and complete kitchen with its own private entrance.

 

 The casita is completely private and was named for the President after he stayed there, as legend goes, with Marilyn Monroe. 

Features include custom Moroccan wood entry doors, open-and-airy formal living and dining rooms, media room and chef’s kitchen with granite-and-stainless steel. 

 Desi Arnaz

All glass walls surrounding the outdoor entertainment area retract and open the house seamlessly to the pool, patios, outdoor kitchen and bar with mountain and Coachella Valley views from its elevated lot.

 

The now highly exclusive Thunderbird Heights started its beginnings as an onion field, but in 1950, a group of investors, including Bob Hope and Desi Arnaz, were looking for a spot for a country club. 

Alexandra Trejo

They zeroed in on the onion field and the development took on a life of its own.  It has turned into one of the most coveted spots for celebrity vacation homes in Southern California, now home to major golf tournaments and festivals known around the world.

 

Listing agents are David Emerson and Alexandra Trejo of Compass, David Emerson & Associates, Palm Springs.

 

CONTACT:

 

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  336-459-3725
Twitter:  @toptenrealestat
Facebook.com/toptenrealestat

Photo credit: Kristofer Magenheim
Sources:  TopTenRealEstateDeals.com and

www.compass.com

 

Daum Commercial Directs $86 Million Acquisition of Two Industrial Buildings Totaling 208.180 SF in San Francisco Bay Area

 Jordan Lara

 FREMONT, CA – DAUM Commercial Real Estate Services has directed the acquisition of two fully-leased industrial properties totaling 208,180 square feet in the San Francisco East Bay submarket of Fremont, California, on behalf of the buyer, CenterPoint Properties.

 This acquisition is part of CenterPoint’s continued strategic expansion of its Bay Area footprint, according to Jordan Lara, Executive Vice President and Principal at DAUM and member of Lara Team, who represented the buyer in the transaction.

 “We have formed a deep relationship with our client over several years, which has allowed us to be a trusted partner in identifying, evaluating, and negotiating strategic additions to their industrial investment portfolio,” explains Lara.

 “This off-market transaction was a true collaboration between CenterPoint, the seller, and Lara Team.”

 The asset’s attractive features include a warehouse with 28’ clear height and fully-secured site. The property is located at 41099 Boyce Road in Fremont, California, 94538.

 CONTACTS:-

Arleeny Escarcega / Elisabeth Manville  
The Smart Agency, Inc.
(949) 438-6262 
aescarcega@thesmartagency.com 

www.daumcommercial.com.

 

Stos Partners Kicks Off 2022 With $27.5 Million Sale of Industrial Building in Phoenix Metro Area

 

CJ Stos

TOLLESON, AZ – Stos Partners, one of the most active commercial real estate investment and management firms in Southern California, has sold a 227,000 square-foot, single-tenant industrial property in the Phoenix Metro area submarket of Tolleson, Arizona, for $27.5 million. 

 This sale comes on the heels of a record year for the firm. Stos acquired 11 properties last year totaling $221 million and sold five assets totaling $112 million, bringing the firm’s total transaction volume in 2021 to more than $330 million.

 According to CJ Stos, Principal at Stos Partners, the firm originally acquired the Tolleson property in December 2020 for $16.35 million, marking its entrance into the Arizona market.

 “We were able to successfully translate our proven industrial investment strategy, which we’ve enacted throughout Southern California, to the Phoenix market, resulting in a nearly 70% increase in value over the approximately 1-year hold,” says Stos.

  “We had been monitoring the Arizona market for several years and officially made the decision to expand our holdings into the area with this acquisition.

Jay Boyle

 "Although we were bullish when it came to this investment from the start, the property outperformed our expectations and we ultimately sold ahead of the business plan based on market demand.”

 The firm initially secured the asset in an off-market, all-cash transaction based on existing relationships and ability to close in less than 30 days to meet an accelerated timeline, notes Jay Boyle, Executive Vice President at Stos Partners.

 “Due to our reputation in the market and strong capitalization, we were able to purchase this property for a competitive price and execute our ownership strategy,” explains Boyle.

 “During escrow at the end of 2020, we secured a new lease with the existing tenant for an additional five-year term, which maintained cashflow and further positioned the asset for long-term success.”

 Jason Richards

Jason Richards, Partner at Stos Partners, adds: “We strategically identified Tolleson as a submarket that offers large distribution and manufacturing tenants a prime infill location within the growing Phoenix metro, where we will continue to seek opportunities amidst Arizona’s pro-business economy and robust labor supply.”

 The property was built in two phases in 2005 and in 2016. It features 32’ clear height, dock-high loading doors, and variety of high-quality amenities.

 The building is located at 10300 W. Buckeye in Tolleson, Arizona. The asset was sold to an undisclosed institutional buyer.

CONTACTS:-

 Tess Hezlep / Katie Haga
The Smart Agency, Inc.
(949) 438-6262
thezlep@thesmartagency.com  

 www.stospartners.com.

 

Roger Soderstrom Jr. Ranked Among Top 2.5% of Orlando, FL Real Estate Producers

Roger Soderstrom, Jr.

 

 ORLANDO, FL -- Broker Roger Soderstrom, Jr. of Downtown Orlando’s Stirling International Real Estate was ranked among the “Top 250 Agents in Greater Orlando” by Orlando Real Producers.

The ranking was based on 2021 local market sales volume within the region’s seven counties. 

Soderstrom closed on more than $20 million in residential and commercial sales last year, mostly in downtown Orlando.

         Downtown Orlando's Central Business District

A third-generation Realtor, Soderstrom grew up in Orlando and has witnessed the sensational growth of the city over the years. 

 As a long-time resident of Downtown Orlando, he is keenly familiar with the exciting and vibrant market.  His story and others with similar accolades will be featured in an upcoming issue of the Orlando Real Producers magazine.  

Chart prepared by Orlando Real Producers

 Along with the monthly publication, Orlando Real Producers hosts events throughout the year to promote a fellowship among top real estate agents and service providers providing a platform to connect and support growth.  

 The publishing company will host a celebration for all the distinguished honorees headlined, “A Toast to the Top 500 Agents of 2021” on Thursday, March 3 at downtown Orlando’s Citrus Club.   

   For more information, please visit

 https://www.orlandorealproducers.com . 

CONTACTS:-

Roger Soderstrom Jr., Stirling International Real Estate, 407-617-2830; roger@stirlingint.com

Beth Payan, Larry Vershel Communications,

 407-461-3781 beth@larryVershel.com

 

JLL adds cost segregation, led by Anthony Vu, to growing list of valuation advisory services

 

Anthony Vu

CHICAGO, IL, Feb. 9, 2022 – JLL announced today that it has added cost segregation analysis services to its Valuation Advisory offerings.

 The new service is led by the Renewable Energy team and will enable its infrastructure and renewable energy clients, as well as owners of traditional commercial real estate, to maximize their tax benefits.

Jessica Anuvattanachai 

“The U.S. government allows accelerating depreciation for certain building assets, and cost segregation plays a vital role for the client,” said Vice President Anthony Vu, who was brought on to build out this service line.

 

 “By componentizing a client’s building and applying advanced tax rules and regulations, they can improve their cash flow and reduce their tax burden.”

Mike Bammel

Vu and his team report to Mike Bammel, National Practice Lead for JLL Valuation Advisory’s Renewable Energy business.

 Joining Vu are Senior Associates Jessica Anuvattanachai and Chis Cheah, who are cost segregation specialists. The team plans to add more cost segregation engineers and specialists by the end of the year.

Chis Cheah

“We are very excited to build this practice and have brought an experienced team who are very knowledgeable on what is eligible property,” Bammel said.

 

“Under Anthony’s leadership, the team will identify those assets and support the findings to help avoid risk.” 

 

CONTACT:-

 Kimberly Steele

PR, Capital Markets, 

Agency Leasing 

and Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com