JLL Capital Markets welcomes Nick Brown to its Nashville, TN Office

Nick Brown

  NASVHILLE, TN – JLL Capital has welcomed Director

Nick Brown to the Nashville office to build upon the multi-housing investment sales efforts within the Southeast region.

 

Brown joins John Weber, Bill Shippen and Vic Ciancetta in their focus to assist clients in the acquisition and disposition of assets in Tennessee, Alabama and Georgia.

John Weber

Brown also will work with Senior Managing Director Brian Dawson in the Nashville office, who specializes in debt and equity capitalizations. Dawson brings more than 30 years of capital markets experience and has completed over $30 billion in capital transactions.

 “We are very excited to have Nick join our expanding capital markets platform,” said Dawson. “His professionalism will serve him, and most importantly, our clients well.”

 

While in Chicago, Brown worked alongside Executive Managing Director and Investment Advisory Platform Leader Matthew Lawton on national multi-housing investment sales transactions.

Bill Shippen 

In H2 2022, Brown and Lawton executed $772 million in sales volume totaling 3,013 units, $547 million of which was in the Southeast.

 

“Nick was fabulous to work alongside in Chicago, and I am sure he will do great things in the burgeoning Nashville market,” said Lawton.

 

“The Nashville multi-housing market remains incredibly strong and is bolstered by tremendous population growth,” said Brown.

 

“The culmination of Nashville’s distinct culture, abundant opportunity, high quality of life and dynamic, business-friendly environment continues to attract residents and employers alike to flock to the city.”

Vic Ciancetta

Ranked #1 for metropolitan population growth by the U.S. Census Bureau, The Nashville market continues to pose strong fundamentals within the multi-housing sector.

 The unemployment rate in Nashville (2.5%) continues to outpace the national average (3.6%), and recent corporate expansions and relocations have contributed to the 23,800 average jobs created annually.

 

Additionally, owners are capitalizing on the strong market conditions within Nashville and continue to increase rents with the trailing 12-month rent growth figure of 16.3% outperforming the national average.

Matthew Lawton

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 and sales advisory, debt advisory, equity advisory or a recapitalization.

 

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

 

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

 

Contact:

 

 Jenna Sharp,

JLL Associate

 Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 

Helsinki organizes a competition for the sale and redevelopment of the Old Customs House

 

 The Old Customs House in Katajanokka. Photo by Antti Pulkkinen

HELSINKI, FINLAND -- The City of Helsinki, Finland, has launched a tender competition to sell the Old Customs House in Katajanokka for redevelopment.

 

The goal of the competition is to find a technically and economically feasible and architecturally outstanding overall solution for redeveloping the building.

 

 With this competition, the City of Helsinki is hoping to find a suitable new owner with the resources required to renovate and redevelop the building. The final outcome will be determined by price.

Architectural and historic values a key consideration

Dating from 1901, the Old Customs House designed by Gustaf Nyström was considered architecturally meritorious when completed, and it plays an important role in Finland’s architectural history as a hallmark of late 19th century architecture.  

The two-storey building originally housed both cold and warm storage for customs warehousing, a customs chamber, and the transport office’s work and customer facilities.

Katajanokka is the unique east-facing side of Helsinki’s iconic South Harbour. The wharf structures and buildings in the harbour area, as well as the changes in their use, reflect the history of port operations over a period of more than a hundred years. The Old Customs House is a notable building in this setting.

A future plan for land use in Helsinki city centre envisages a thriving and engaging city centre in which Katajanokka is more closely connected to the Market Square. More attention will be paid to creating a pleasant pedestrian environment and a more functional street level.

Due to its significant value in terms of cultural history, cityscape and architecture, the Old Customs House will be protected in the new city plan. Preservation values provide the foundation for any redevelopment and future use.

Bidders are expected to propose a versatile concept with functions suitable for the building, such as business premises, offices, workspaces, restaurants, meeting spaces, or art and cultural facilities. 

And, at least the first floor should house services available to the public. Proposals featuring conceptual plans that meet the selection criteria specified in the competition programme and the minimum requirements specified for the concept will be selected for further consideration and a price bid. 

For proposals that meet the criteria, bid forms will be opened for submitting an indicative bid for the plot and the building.

Competition schedule

The competition was launched after the Urban Environment Committee approved the instructions for bidders and the competition itself. The deadline for tender submissions is 28 April 2023.

Gustaf Nyström

The objective is to propose a decision on the winner and on the principles regarding the transfer of the competition area to the Urban Environment Committee during 2024. After a decision has been made, a preliminary agreement on the transfer of the plot and the sale of the building will be signed with the winner of the competition. 

The project will require changes to the existing city plan. This process begins with a participation and assessment plan (“OAS” in Finnish, available publicly from 27 February to 17 March 2023) and continues in collaboration with the winner once the preliminary agreement comes into force. 

The winning proposal will serve as a basis for the new city plan. The aim is to bring a proposal for a new city plan to the Urban Environment Committee for consideration during 2025. 

Link to the competition programme (pdf): Tender competition for the Old Customs House

CONTACTS:

Katharina Mead
Senior Specialist
The City of Helsinki
Urban Environment Division
Land Property Development and Plots Service
Tel. +358 9 310 25452
katharina.mead@hel.fi

City of Helsinki, Urban planning and construction

 (Photographer Antti Pulkkinen)

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

SomerCor Names Margy Sweeney Board Chairman

 

 Margy Sweeney

 CHICAGO, IL - SomerCor, a non-profit, Certified Development Company (CDC) licensed by the Small Business Administration (SBA) under the SBA 504 loan program, is proud to announce the appointment of, Margy Sweeney Founder & CEO of Akrete, as the new Chairman of its Board of Directors.

 Thomas Huffman, Executive Vice President - Wintrust SBA Lending, will serve as Vice Chairman.

Thomas Huffman

“I look forward to working with Margy and Tom to build upon SomerCor’s growth and service to small businesses and lending partners through the SBA 504 program and our other economic development initiatives,” said Manuel Flores, President and CEO of SomerCor.

 Manuel (Manny) Flores

“We also thank our Chairman Emeritus, Jon Winick, for his many years of service as Chairman. Over the last few years, SomerCor has achieved significant milestones including receiving SBA Accredited Lender Program (ALP) designation and Local Economic Area (LEA) authority to lend in Kenosha and Rock counties in Wisconsin.”

Jon Winick

Sweeney is the Founder & CEO of Akrete, a WBE national public relations, content, and marketing agency with expertise in both real estate and financial services, including ranking as the nation’s #5 real estate public relations firm. Margy has served on the SomerCor board since 2016.

 

Huffman is the EVP of Wintrust SBA Lending and has over 35 years of experience in commercial and SBA lending and he has served on the SomerCor board since 2018. Wintrust Community Banks was named the number one SBA lender in Illinois in 2022.

 

Winick is the CEO of Clark Street Capital, a full-service bank advisory firm specializing in loan sales, loan due diligence and valuation, and specialty asset management. Jon has over 20 years of banking experience and has served on SomerCor’s Board for 15 years.

 

“I’m proud of the journey SomerCor is on to support an increasingly diverse set of small businesses. As a business founder and owner myself, I welcome the opportunity to lead this Board of Directors,” said Sweeney. 

“Access to capital can mean the difference between surviving and thriving for many entrepreneurs—particularly for woman, minority, and veteran-owned businesses. 

"I’m pleased to play this leadership role in 2023 as the SomerCor team continues their great work expanding economic opportunities and helping small business owners make their dreams a reality.”

Other Board Members include Dean Avdalas (SVP, Commercial Lending - Byline Bank), Jeffrey Bronswick (CEO - Bronswick Benjamin P.C.), James Bruno (VP, Area Manager - JPMorgan Chase), Brian Burke (SVP, Commercial Banking – Old National Bank), Erica King (President - Greenwood Archer Capital), Santiago Martinez (Regional President - Belmont Bank & Trust).

Erica King

Also: Michael Martino (Head of Chicago Emerging Middle Market Banking - Fifth Third Bank), Michael Plumb (Principal - Lee & Associates of Illinois, LLC), William Towns (National Market President for Community Revitalization - Gorman & Company), Julie Winterbauer (SVP, Marketing and Member Relations - Illinois Bankers Association) and Simon Yohanan (SVP, Managing Director of Middle Market Banking - First Bank Chicago).

 

Julie Winterbauer 

About SomerCor

 

The SomerCor mission is to grow businesses, create jobs, and increase impactful investment in every community through the SBA 504 loan program and other financing and grant initiatives.

 

SomerCor serves the entire state of Illinois and Kenosha and Rock counties in Wisconsin. For more information visit www.somercor.com

 

CONTACT:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

JLL closes sale of the 1,000-key beachfront Diplomat Beach Resort in Hollywood, FL at undisclosed price; esimated to be the third largest single-asset hotel transaction of its kind in U.S. annals

 

SOLD: the Diplomat Beach Resort,
 an award-winning beachfront resort 
 with 1,000 guest rooms
 in Hollywood, FL
The price was not disclosed.

 

 Jeffrey Davis

MIAMI, FL – JLL’s Hotels & Hospitality Group has closed the sale of the Diplomat Beach Resort, an award-winning beachfront resort with 1,000 guest rooms in Hollywood, Florida. The price was not disclosed.

JLL represented the seller in the transaction. A joint venture between Credit Suisse Asset Management and Trinity Fund Advisors LLC purchased the resort.

 

The new owners also announced the signing of a management agreement with Hilton Hotels and Resorts to oversee the resort’s operation under the Curio Collection by Hilton brand.

 

Gregory Rumpel

Extensively renovated and repositioned through a comprehensive $90 million dollar capital plan in 2018, the Diplomat Beach Resort is unrivaled as a world-class beachfront meeting and events-focused resort.

The resort features 1,000 traditional guest rooms and suites and 200,000 square feet of integrated meeting and events space.

 

The property consists of a twin-spired, 33-story tower housing the hotel rooms, a 14,000-square-foot spa, eight restaurants and bars plus multiple pools and cascading waterfalls.

 

 Kevin Davis

Additionally, the property is situated on 10 acres of Atlantic Ocean beachfront offering kayaking, paddleboarding and jet ski rentals. 

 

The JLL Hotels & Hospitality team representing the seller was led by Senior Managing Directors Jeffrey Davis and Gregory Rumpel, Americas CEO Kevin Davis and Global CEO Gilda Perez-Alvarado.

“Over the last few months of 2022, U.S. group demand reached 93% of 2019 levels and we predict even further acceleration through 2023, driven predominantly by upscale and upper upscale hotels,” Jeffrey Davis said.

Gilda Perez-Alvarado.

 

He added, “The sale of the Diplomat was the third largest single-asset hotel sale ever in the U.S and it’s truly a win-win for both the seller and the buyers.”

 

The Diplomat Beach Resort is ideally located between the two most significant airports in South Florida, Fort Lauderdale/Hollywood International Airport (10 minutes) and Miami International Airport (30 minutes), affording the resort unparalleled access to guests from major markets throughout the U.S., Latin America and Europe.

 

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

 

 

CONTACT:

Cierra Lacasse

JLL PR, Hotels & Hospitality,

 Capital Markets

JLL.com

 

Ware Malcomb Promotes Joshua Thompson to Director, Interior Architecture & Design in Downtown San Diego, CA Office

 

Joshua Thompson

SAN DIEGO, CA – Ware Malcomb, an award-winning international design firm, today announced Joshua Thompson has been promoted to Director, Interior Architecture & Design in the firm’s Downtown San Diego office.

 In this role, Thompson is responsible for the leadership of the office and continued growth of the Interior Architecture & Design Studio. 

Thompson brings more than 21 years of experience in the industry. He has been with Ware Malcomb for nine years, starting his career in the firms’ Phoenix office and transitioning to Downtown San Diego in 2019. 

“Joshua's leadership and contributions to the growth of the Downtown San Diego office have been remarkable,” said Brian Koshley, Regional Director, Ware Malcomb.

 “His commitment to his colleagues' professional growth and his entrepreneurial spirit are an inspiration to us all. We congratulate him on this well-deserved promotion.”

Brian Koshley

Thompson specializes in the design of corporate office, tech office, medical office and clinics, restaurant, retail, and industrial projects.

He graduated Summa Cum Laude with a Bachelor of Science Degree in Interior Design from Arizona State University.

 He has also earned the NCIDQ design certification from the National Council for Interior Design with the International WELL Building Institute’s WELL AP credential.

Recently, Ware Malcomb was named the #2 Architectural Firm in San Diego Business Journal’s Book of Lists. 

  

CONTACTS:

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

rachel@kcomm.com

 

Maria Rodgers, Director, PR & Communications,

949.660.9128

 mrodgers@waremalcomb.com

 

Maureen Bissonnette,

Principal, Marketing, 949.660.9128

 mbissonnette@waremalcomb.com

 

Northmarq hires Vikaas Patni to join commercial investment sales team in Cincinnati

Vikaas Patni

CINCINNATI, OH (Feb. 9, 2023) — Northmarq’s Cincinnati office has announced the addition of Vikaas Patni as senior associate – commercial investment sales.

 Patni specializes in the disposition and acquisition of both single-tenant net lease properties and multi-tenant shopping centers throughout the United States.

Daniel Herrold

 

Prior to Northmarq, Patni served as vice president of Brokerage Services at Lee & Associates and achieved top producer status in 2021. Before Lee & Associates, Patni held leadership positions at Phillips Edison & Co. and Meridian Realty Capital.

 

“I am very excited to be a part of Northmarq and Daniel Herrold’s team," said Patni.

 

 "With Northmarq and Stan Johnson Company combining forces, the new platform is now second to none, and I look forward to leveraging this and bringing value to my clients.”

 

Patni joins a team of investment sales professionals led by Daniel Herrold, senior vice president. With over 15 years of experience, Patni brings a client-focused approach, consulting and guiding his clients throughout the transaction’s entire lifecycle.

 

Contact

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”