Wednesday, August 24, 2022

JLL Capital Markets completes $345 million refinancing for the 630-unit Miro Apartments in downtown San Jose, CA

 

Lillian Roos

SAN FRANCISCO, CA  JLL Capital Markets has arranged the $345 million refinancing for Miro, a Class A, two-tower, 630-unit, high-rise multi-housing community located in downtown San Jose, California.

 JLL represented the borrower, Bayview Development Group, to secure financing through Pacific Life.

 Charles Halladay

The bold and modern designed two-tower 28-story Miro features studio-, one- and two-bedroom units averaging 933 square feet with floor-to-ceiling windows, contemporary Italian cabinetry and gracious balconies.

 Differentiating community amenities include nearly an acre of outdoor space, a pool and fitness deck, two rooftop sky lounges and a private art gallery. 

 Brandon Roth

The ground floor of the tallest building in San Jose features a Starbucks and future full-service Italian restaurant and bar by Vine Hospitality.

 According to Bayview Development Group, “This exceptional JLL team executed on both a challenging construction loan due to the pioneering nature of this project and this more recent permanent financing, in an unusually volatile market. 

 Spencer Bergthold

"We received a great pairing with Pacific Life, and we’re excited to embark on this new relationship.”

 The JLL Capital Markets Debt Advisory team representing the borrower was led by Charles Halladay, Brandon Roth, Lillian Roos, Spencer Bergthold and Elijah Lax.

 Elijah Lax

 “There was an incredible amount of enthusiasm from lenders for this property, and Pacific Life was willing to provide long-term, fixed-rate financing while Miro is still in lease-up,” said Roth.

 “In turbulent times, there’s always a flight to quality, and Miro is the highest quality apartment community ever built in San Jose.”

 A Class A, two-tower, 630-unit, high-rise
multi-housing community located
 in downtown San Jose, CA


 Contact: 

Jenna Sharp,

JLL Associate

 Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com


Tuesday, August 23, 2022

Allint National Hires Liam Shay as underwriting counsel.

 

Liam Shay

Longmont, CO – Alliant National Title Insurance Company, the title insurer that is uniquely responsive to the needs of independent agents, announces the hiring of Liam Shay as Underwriting Counsel.

Shay is a 20-year veteran of the title insurance industry and has routinely been involved in nearly every aspect of the business.


As underwriting counsel, Shay will apply his extensive experience to working directly with agents who write for Alliant National and are located primarily in Minnesota, Missouri and Kansas.


Jeff Stein

“Bringing Liam on board represents an incredible win for Alliant National and is essential to maintaining our position as the premier independent underwriter for the independent agent,” said Jeff Stein, Chief Underwriting Counsel and Senior Vice President for Alliant National.

 “With his two decades of experience, I know Liam is going to be an incredible asset to our agents as they work to issue the best possible policies and ultimately close more business.”

Shay is a member of the Minnesota State Bar and is also a member of the Minnesota Bar Association Real Property Section. 

He received his Bachelor of Science degree from the Carlson School of Management at the University of Minnesota and his Juris Doctorate from the University of Minnesota Law School.

He lives in the Minneapolis-St. Paul metropolitan area.

 


 

Contact:


Cathie Beck
303.241.0805
cathie@capitalcitypr.com

alliantnational.com 

 

 

 

Two New Dream Finders Homes Communities in the Jacksonville Area are Brimming with Activity as Models are Prepared for Prospective Homebuyers

 

Brad Muston


Jacksonville, FL Two new models are now open at Dream Finders Homes’ Wilford Preserve in Orange Park and several others are slated to open in the next two months in the Silver Landing and Cherry Elm communities of the master-planned development of SilverLeaf near St. Augustine.

 

The Wilford Preserve models – Wellington and Edison II – are two of over 200 one- and two- story homes being built in the natural gas, single-family home community, Division President Brad Muston said.

 

“The Edison II, which functions as a sales center for Dream Finders Homes, can be built as a three- or four-bedroom home,” Muston said, adding that 14 other plans are available, including the three-bedroom, two-bath Wellington.

 

 Homes at Wilford Preserve range in size from 1,711 to 3,500 square feet and are priced from the low $300,000s.


 

       New model Wellington at Dream Finders Homes

Dream Finders Homes also plans to open nine professionally decorated models at the SilverLeaf development by early October, Muston said. 


The Driftwood and Boca II plans will be built in the Silver Landing community. The Wingate, Heron and Egret will be featured in the Brandon Lakes townhome community in Silver Landing, as well as the Osprey, Coral and Manatee townhomes in the Cherry Elm community within SilverLeaf.

 

Muston said new single-family and townhomes at their newest SilverLeaf  communities will start in the low $300,000s with plans that offer from 1,289 to 3,518 square feet, and feature two- to six-bedrooms and between two to five baths.

 

The residential and commercial SilverLeaf  development is located along St. Johns Parkway, just south of CR 210. It includes 3,500 acres set aside just for conservation, yet it is convenient to Interstate 95, providing an easy commute and just a 25-minute drive to both historic St. Augustine and downtown Jacksonville. 

Wilford Preserve is located off Cheswick Oak Avenue in the established Argyle Forest area of Orange Park.

 

Contacts:

Brad Muston,

 Dream Finders Home’ Division President, 

888-214-1164 or Brad.Muston@dreamfindershomes.com

 

Alesha Gan, marketing coordinator, Dream Finders Homes, 

904-540-0315 

or alesha.gan@dreamfindershomes.com

 

 

Beth Payan, Larry Vershel Communications, 

407-461-3781; beth@larryvershel.com

 

www.dreamfindershomes.com 

or call 888-214-1164. 

 

Graycor Promotes Rusty Martin to Head of Growing Southwest Division

 

.

Rusty Martin


PHOENIX, ARIZONA, August 23, 2022 – Leading national general contractor Graycor Construction Company has promoted Rusty Martin to General Manager of the Southwest Division.

 In this role, Martin will lead Graycor’s Phoenix-based team and work to strategically expand its business in the Southwest, both within the core industrial buildings market and through new adjacent markets.

Martin joined Graycor in 2017 as a Project Executive. Last year he was promoted to Operations Manager, providing operational oversight for the Phoenix office and directing all Graycor project operations in the Southwest to ensure consistency and continuous improvement throughout the construction pipeline.

Tim Hanifin

“Rusty is a big part of Graycor’s Southwest success story and is respected for his leadership abilities and expertise across a wide range of building product types,” said Graycor Construction Company President Tim Hanifin.

“He is committed to our employees, our project partners and our clients, and is eager to lead our team into a time of continued demand and opportunity.”

An Arizona native and 26-year industry veteran, Martin has completed landmark and award-winning projects in the industrial, manufacturing, retail, mixed-use, hospitality, corrections, office and tenant improvement spaces.

 He holds a bachelor’s degree in Construction Management from Brigham Young University and is a graduate of the Arizona Builders Alliance Leadership Development Forum (LDF) program.

He is also a member of NAIOP and an affiliate member of SIOR.

 

Contact:

 Stacey Hershauer

focusAZ 

P 480.600.0195

 

Peachtree Appoints Former CIO Tim Witt to Head Its 1031 Exchange Delaware Statutory Trust Program

 

 Tim Witt 

ATLANTA (Aug. 22, 2022) – Peachtree Group ("Peachtree") is proud to welcome Tim Witt as its president of the company's newly launched 1031 Exchange Delaware Statutory Trust ("DST") program.

As former Chief Investment Officer of DAI Securities, Witt has more than 25 years of experience with a focus on alternative investments. He is a proven leader with expertise in finding investment solutions that can provide attractive, risk-adjusted returns.

"As we expand our array of high-quality, diversified investment strategies, we wanted to create 1031 Exchange DSTs to provide tax deferral strategies in the hospitality sector," said Greg Friedman, Peachtree's CEO and managing principal.

Greg Friedman

"To strengthen our vertically integrated investment platform that will benefit our stakeholders, we knew Tim's experience building out alternative investment platforms would be the perfect fit to launch our program."

Before joining DAI, Witt served as CIO of Concorde Investment Services and, before that, was a Legislative Director at the United States House of Representatives during the 113th Congress.

 He began his career as a Wall Street equity analyst and has been recognized by the Wall Street Journal as an All-Star Analyst.

Contacts:

 Charles Talbert

Corporate Communications Director

678-823-7683

ctalbert@peachtreehotelgroup.com

 www.peachtreegroup.com.

 

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

JLL hires 20-year industrial real estate veteran George Stavaris in North Los Angeles, CA

 

                                        George Stavaris 

LOS ANGELES, CA — Meeting the demand of the growing industrial industry in Southern California, JLL announced it has hired 20-year industrial real estate expert George Stavaris as Managing Director. 

 Working out of the firm’s Burbank, California office, Stavaris will continue to specialize in representing owners and occupiers in North Los Angeles, including the San Fernando, Santa Clarita and Simi Valley markets.

“As the Southern California industrial market has grown over the past several years, we have seen a greater need for industrial real estate services in the North Los Angeles area,” said Charlie Smith, JLL Senior Managing Director and Los Angeles Brokerage Lead. 
                                               Charlie P. Smith
 “George is one of the premier industrial experts in the region and we believe he will provide tremendous benefit to our clients and team.”
Stavaris joins JLL from Triniti Partners Inc. where he served as cofounder and partner.  Throughout his 20+career in industrial real estate he has secured transactions valued at more than $500 million.  
Stavaris serves as chairman of the board for the San Fernando Valley Financial Development Corporation, a non-profit bank and arm of the SBA that lends money to businesses for working capital and real estate loans. He is also a member of ProVisors, Sherman Oaks 1. 
He also previously served as President of the North Valley Area Planning Commission for the City of Los Angeles under Mayors Riordan, Hahn and Villaraigosa from 1999 to 2006.. 

 

Contact: 


David Ebeling

Phone: 949 861 8351

Email: david@ebelingcomm.com

jll.com.



Sunday, August 21, 2022

Ware Malcomb promotes Jeffrey Cortinas and Douglas Fu to Studio Managers in Pleasanton, CA office

 Jeffrey Cortinas
 PLEASANTON, CA – Ware Malcomb, an award-winning international design firm, announced the promotions of Jeffrey Cortinas to Studio Manager, Architecture and Douglas Fu to Studio Manager, Interior Architecture & Design in the firm’s Pleasanton, California office. 

Cortinas recently joined Ware Malcomb after years of successfully running his own A&E firm. He has over 20 years of experience in architecture, engineering, design, and construction with extensive hospital, public school and private project experience. 

He is a licensed architect and structural engineer in the state of California, as well as a licensed civil engineer in the states of Arizona, California, Colorado, Nevada, New Mexico, North Dakota, and Minnesota.


Jim Terry
He is a member of the Structural Engineers Association of Central California (SEAOCC), American Institute of Steel Construction (AISC), American Society of Civil Engineers (ASCE) and American Water Works Association (AWWA).

 In addition, he has been a Turlock Unified School Trustee since 2018. Cortinas earned his Bachelor of Science in Civil Engineering with a minor in Project Management and was valedictorian, graduating summa cum laude.

“Jeff has shown leadership from the moment he joined us,” said Jim Terry, Principal for Ware Malcomb. “He immediately engaged in the oversight of the architectural team and provided operations support."

Douglas Fu joined Ware Malcomb in February of 2020 as a Senior Project Manager for the Pleasanton Interior Architecture & Design Studio. He has more than 20 years of extensive interior architecture and design experience.

 

Douglas Fu
“Doug’s attention to detail, technical expertise, and design vision have earned him an excellent reputation with our team and clients as a trusted advisor,” said Gary Drew, Regional Vice President for Ware Malcomb.

“He’s been instrumental in developing our interiors team members in the San Francisco and Pleasanton offices, and we congratulate him on his promotion to Studio Manager.”

Fu earned a Bachelor of Science from the University of British Columbia, a Bachelor of Environmental Science from Dalhousie University and a Master of Architecture from Dalhousie University in Canada and is LEED AP certified.

 

CONTACTS:

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

rachel@kcomm.com

 

Maria Rodgers, PR & Communications Manager, 949.660.9128, mrodgers@waremalcomb.com

 

Maureen Bissonnette, Principal, Marketing, 949.660.9128

 mbissonnette@waremalcomb.com

waremalcomb.com

 

 

Artist Bonnie Kelso to design largest public mural in downtown Summerlin, NV, transforming exterior garage walls at 1700 Pavilion

 

Bonnie Kelso 

LAS VEGAS, NV The Howard Hughes Corporation®, developer of the Summerlin® master planned community, announced the selection of Southern Nevada artist Bonnie Kelso to create the largest public mural in Downtown Summerlin®, the community’s 400-acre walkable, mixed-use urban core.

Kelso’s design will transform the north- and west-facing exterior walls of the parking garage of 1700 Pavilion—the 10-story Class-A office tower currently under construction and actively leasing at Downtown Summerlin.

Kelso’s design will be installed at 1700 Pavilion by Wall Print Las Vegas the first week of August.

 

Kelso’s design will transform the north
- and west-facing exterior walls of
the parking garage of 1700 Pavilion—
the 10-story Class-A office tower currently
 under construction and actively leasing
at Downtown Summerlin.

The office building was designed by Hart Howerton, an interdisciplinary planning, architecture, and interior design firm.

The mural, which is designed in panels to accommodate the open spaces between levels, measures more than 120 feet long and more than 54 feet wide on both sides.

 Kelso, a Summerlin resident since 2013, was chosen from the more than 20 artists who responded to a request for proposal (RFP) to transform the two parking garage walls. 

Kelso’s design for the new mural was selected for its unique perspective that allows guests walking past the building to enjoy a different visual experience than what is viewed from Summerlin’s active, outdoor lifestyle.

 

Danielle Bisterfeldt

“As we develop Summerlin, we thoughtfully consider how design can shape the community—providing exceptional experiences both within the buildings and throughout the open public spaces,” said Danielle Bisterfeldt, SVP, Marketing & Consumer Experience, Summerlin.

 “We are committed to the power of public art to help define a sense of place and identity, and this mural has provided an ideal opportunity to highlight our Southern Nevada talent and select an artist whose design reflects her strong passion for our community.”

 “My design was inspired by what I love most about living in Summerlin—from listening to music in the park and dining outdoors, to exercising along the many trails and playing with my children in parks filled with beautiful native plants and wildlife,” said Kelso.

 

Downtown Summerlin, NV

“My design also includes a nod to our local Air Force and Howard Hughes Jr.’s passion for afar."


 Most importantly, Kelso’s vision is authentic to her own Summerlin experience. Her design’s clean simplicity and use of color reflects the nearby Red Rock Canyon and celebrates aviation.

 

" I hope these elements combined with the majestic ridgelines of nearby Red Rock Canyon convey Summerlin’s strong sense of community and appreciation for nature.”

 

Kelso attended the Rhode Island School of Design, where she majored in printmaking and spent a semester abroad in Rome.


The building's design exemplifies Summerlin’s commitment to a healthy, active lifestyle, offering bike storage to encourage cycle-to-work options.

 For leasing information, please contact Randy Broadhead, randy.broadhead@cbre.comFor more information, visit Future.Summerlin.com.

 

CONTACT:

Melissa Warren, The Warren Group

702-528-6016melissa@twgpr.com

www.howardhughes.com.

Summerlin.com