Jamie Molloy joins JLL’s Value and Risk Advisory platform

James “Jamie” Molloy

NEW YORK, Aug. 2, 2023 – JLL’s Value and Risk Advisory platform announced today that it has expanded its New York office team with the hiring of James “Jamie” Molloy as a Senior Director for institutional accounts. 

Molloy will work with Senior Managing Director Steven Schleider to expand the platform’s institutional and financial services/lender coverage in Manhattan and the greater Tri-state region.

Steven Schleider

 

Molloy joins JLL from SitusAMC where he was a Senior Director responsible for major institutional client management. 

During his tenure, he supported billions in asset value for various property types and markets. 

Prior to that role, he spent 28 years with Bankers Trust Company and Deutsche Bank.

 During the last 10 years of his tenure, he was Global Head of Real Estate Valuation, operating offices in Tokyo, Hong Kong, Mumbai, Frankfurt, London and New York.

 

“We know our clients are increasingly becoming institutional in scope and demanding a more robust value and risk assessment,” said Mike Ellis, Chief Executive Officer of JLL’s Value & Risk Advisory platform.

 

Michael (Mike) Ellis

“Jamie has an extensive background on the institutional side and can also provide global insights as the platform continues to grow.”

 

Molloy is a Member of the Appraisal Institute’s Metropolitan New York Chapter (MAI), is a Fellow with the Royal Institute of Chartered Surveyors (FRICS) and is a Designated Counselor of Real Estate (CRE). In addition, he’s a certified appraiser in New York and Maryland. 

Molloy graduated from Syracuse University with a B.S. in finance from the Martin J. Whitman School of Management.

CONTACT

 Kristen Murphy

Director, Public Relations, 

Americas 

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@jll.com

 

jll.com

Tangram Interiors Is Now a Certified Woman-Owned Business, Led by Chairman Sonya Mitrovich Lozowski

 

Sonya Mitrovich Lozowski

NEWPORT BEACH, CA –– Tangram Interiors, a curator of highly creative commercial interior environments headquartered in Southern Californiawith regional headquarters in Dallas, TX, is pleased to announce that it has

officially been certified as a Women’s Business Enterprise (WBE) by the National Women’s Business Enterprise Council.

This certification became possible when new Chairman Dr. Sonya Mitrovich Lozowski ascended into her leadership role.

 As of 2023, Mitrovich Lozowski oversees the organization’s performance and strategic initiatives. She also leads Tangram Interiors’s philanthropic efforts and community outreach programs. 

 CONTACT:                                                                             

Rachel Devany

949-443-9300

rachel@kcomm.com

Dimension Hospitality Names Greg Friedman CEO

 

Greg Friedman

FORT LAUDERDALE, FL -- Dimension Hospitality, a leading hotel management and development company, announced the appointment of Greg Friedman as CEO following the sudden death of company founder and philanthropist, Sam Friedman, on July 2. 

 Sam Friedman

Greg Friedman joined the company in 2000 as General Counsel and most recently served as company President.

 Greg and Sam focused on growing the company’s portfolio to its current 80 hotels through both hotel development and management contract acquisitions. 

 

 

 CONTACT:

  

Lauralee Dobbins

856-979-8929

 

Hotels Veteran Andrea Grigg to Lead Global Hotel Asset Management for CBRE

 

Andrea Grigg

Atlanta, GA – CBRE announced Andrea Grigg has joined CBRE Hotels as a Senior Managing Director and Global Head of Hotels Asset Management to develop and lead the firm’s global hotel asset management and operator selection practice.

 

Based in Atlanta, Ms. Grigg will focus on bringing cross-border hospitality solutions and ownership representation to global hotel investors.

 

 She will also oversee operator and brand selection, as well as management contract negotiation services, helping better serve hotel owners by sharing global best practices.

 Bill Grice

“Andrea is widely known and respected within the hotel industry as a best-in-class advisor that puts her clients first.

 

"Her dedicated and focused approach, paired with unparalleled experience position Andrea as the ideal leader of our growing hotel asset management practice,” said Bill Grice, President of CBRE Hotels in the Americas.

 

Grigg joins CBRE from JLL, where she spent the last 16 years as a leader in the firm’s hotel asset management practice.

 CONTACT:

 

Cole Mortland

+1 619 985 8171

cole.mortland@cbre.com

Sendero Capital and Angelo Gordon complete the acquisition of a mission-critical healthcare facility in Rhode Island

 

Mindy Berman

 BOSTON, MA – JLL Capital Markets has advised Sendero Capital and Angelo Gordon on the acquisition of 2 Wake Robin Road, a 30,000-square-foot medical office building in Providence, Rhode Island.

 Ross Negele

The transaction represents the second acquisition in Sendero Capital and Angelo Gordon’s programmatic joint venture, which allows for up to $300 million in investments in outpatient healthcare real estate.

 The joint venture is focused on value-add and core plus outpatient medical office and surgery center assets throughout the Northeastern United States – a region with high barriers to entry, strong growth and one of the largest concentrations of healthcare businesses in the U.S.

 

Constructed in 2006, 2 Wake Robin Road is a premier medical office building that is currently 96% leased to Lifespan Health System and clinical medical tenants offering a variety of services, including urgent care, primary care, imaging, pediatric care, physical therapy and pathology.

Brannan Knott

2 Wake Robin Road is conveniently located off Route 295 and Route 146 on George Washington Highway. 

The facility sits directly across the street from the Lincoln Mall, 0.25 miles from Route 146 and three miles from Bryant College.

 

The building is located less than an hour from Boston and two national airports, and it is strategically positioned between Landmark Medical Center (6.6 miles) and Miriam Hospital (10 miles).

Anthony Sardo

“We are very excited to enter the Rhode Island market with the acquisition of 2 Wake Robin Road, a strategically located medical facility offering an ecosystem of outpatient medical services,” said Ross Negele, Principal at Sendero Capital.

 

The JLL Capital Markets team was led by Managing Director Brannan Knott, Senior Managing Director Mindy Berman and Director Anthony Sardo.

 

 CONTACT:

 

 

Alli Semans

PR, Hotels & Hospitality,

 Capital Markets

JLL
M +1 330 329 6750

 

JLL Capital Markets promotes Elizabeth DeVesty to production

  

Elizabeth DeVesty 

MORRISTOWN, NJ –  JLL Capital Markets announced Elizabeth DeVesty has been promoted to Director with New Jersey’s multi-housing investment sales team.

Jose Cruz

DeVesty will work alongside Senior Manging Directors Jose Cruz, Michael Oliver and Steve Simonelli and will primarily focus on multi-housing investment sales transactions within the suburban tristate area.

 

“Liz’s ability to communicate with clients and to not only understand their investment goals but also provide effective options is a very valuable trait in today’s market,” said Cruz. 

 

Prior to accepting this new role, DeVesty spent over 13 years with JLL and was most recently an associate at the firm.

Michael Oliver

Throughout her time at JLL, DeVesty has supported $18.9B in multi-housing transactions. She earned her degree from Marist College in 2008.

 

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.

Steve Simonelli

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

For more news, videos and research resources, please visit JLL’s newsroom.

CONTACT:

 

 

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com    

Charleston, SC Cancer Center trades for $10 million

Mindy Berman

  

BOSTON, MA,  Aug. 4, 2023 –  JLL Capital Markets arranged the $10.1 million sale of the Charleston Cancer Center totaling 26,256 square feet in Charleston, South Carolina at a 5.28% cap rate.  

 Alex Wilburn

JLL worked on behalf of the seller, Global Medical REIT (NYSE: GMRE), and procured the buyer, Skytree Ventures, LLC.

The two-story, newly renovated medical office building is located at 2910 Tricom St. 

The property includes specialty treatment equipment including an infusion area, computed tomography (“CT”) imaging, a lab and an area on the second floor for clinical studies personnel.

The property is strategically located adjacent to the 321-bed Trident Medical Center in a strong healthcare corridor with additional presences from Roper Saint Francis Health (“Roper” or “RSFH”) and the Medical University of South Carolina.

Brannan Knott,

The center was originally built in 2002 and has received renovations by both current ownership and tenant, RSFH, following Roper's acquisition of Charleston Oncology.

“We are very pleased with the results of this sale and thank the buyer and the JLL investment sales team for their strong execution.  

"Particularly meaningful in a turbulent and uncertain market, this sale underscores the quality of the assets in our portfolio and our ability to create value for our investors,” stated Alex Wilburn, Senior Vice President at Global Medical REIT.

Lee Allen

The JLL Capital Markets Investment Sales team was led by Managing Director Brannan Knott, Executive Managing Director Lee Allen, Senior Managing Directors Mindy Berman and Alex Sharrin, Director Daniel Flynn and Associate Landon Weaver.

“The Charleston Cancer Center had all the investment merits to attract investors from the institutional to private capital and our collective team was able to drive a multitude of offers across the investor spectrum despite the broader market headwinds.

Alex Sharrin

"This speaks more loudly, to how we always look for the best outcome for our clients and drew across our healthcare, net lease and local capital markets expertise to optimize this sale,” said Knott.

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.

Daniel Flynn

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

For more news, videos and research resources, please visit JLL’s newsroom.

 

About Global Medical REIT

Global Medical REIT Inc. (NYSE: GMRE) is a net-lease medical office real estate investment trust (REIT) that owns and acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems.

 

 

Landon Weaver

 

 

 

CONTACT:

 

Alli Semans

 Public Relations, Associate

Phone: +1 330 329 6750

Email: Alli.Semans@jll.com

jll.com. 

$52 million construction loan arranged by JLL Capital Markets for multi-housing development in Mesa, AZ

 

Elle Miraglia

LOS ANGELES, CA –  JLL Capital Markets has arranged $52 million in construction financing for Dobson Station, a 245-unit multi-housing development set to deliver in 2024 in Mesa, Arizona.

 

Jeff Sause

JLL worked on behalf of the borrower, StarPoint Properties, to secure the construction financing for the project through a debt fund.

Upon completion, Dobson Station will be a four-story, Class A multi-housing asset comprised of studio, one- and two-bedroom units.

Dobson Station is located at 139 North Dobson Rd., directly adjacent to a Safeway grocery store and within immediate proximity to Tempe Marketplace.

Wyatt Strahan

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Jeff Sause, Director Wyatt Strahan and Associate Elle Miraglia.

“StarPoint is pleased to commence construction on this transformative, transit-oriented project. 

"The City of Mesa has been great to work with and supports an ideal mix of new jobs and housing.

 

Sandy Schmid

"We are further blessed to have the support of our lender, and a strong JLL team who helped drive this home,” said Sandy Schmid, Director of Acquisitions and Development at StarPoint Properties.

CONTACT:

Kristen Murphy

Director, Public Relations, Americas

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@jll.com