Kruse GWS Auctions makes history with ground-breaking auction business in Dubai; first international base in over 100 Years

Brigitte Kruse

 United Arab Emirates, Dubai –– Kruse GWS Auctions, a world-record-breaking auction house and leading innovator in the industry has announced the launch of Kruse GWS Auctions in Dubai, UAE.

 After 5 years of careful planning and development, Kruse GWS Auctions will bring the company’s exceptional service to the vibrant, ever-evolving market of Dubai beginning with the first luxury goods and entertainment memorabilia auction in the fourth of 2023.

Kruse GWS Auctions will also be the first auction house to auction positions to purchase real estate at auction due to the overwhelming demand for properties in Dubai.

This is also the first time the generational auction house has opened in a foreign country in over 100 years.

“We are excited to bring Kruse GWS Auctions to Dubai. Our commitment to excellence and investment in new technologies is part of the reason we chose Dubai to further our global expansion including establishing relationships with builders such as Emar & Damac Properties," said Brigitte Kruse, Founder & Lead Auctioneer, Kruse GWS Auctions.

 

Dubai skyline

 "We truly look forward to becoming a valuable asset to all of the great developers in the region and continuing to serve Royal Families in the region as well.

"We take great pride in catering to consumers wherever they may be and our launch in Dubai will only further our commitment to the UAE community. We are looking forward to serving the UAE.”

Contact:

Caroline Galloway

440-591-3807

caroline@m2mpr.com

 

 

 

 

Loyola Medicine Burr Ridge outpatient medical center trades for $60 million in suburban Chicago

  

Mindy Berman

 BOSTON, MA –  JLL Capital Markets has arranged the $59.95 million sale of Loyola Medicine Burr Ridge, an outpatient health center totaling 104,912 square feet in Burr Ridge, Illinois.

 

Sam DiFrancesca

JLL represented the seller, Healthcare Realty Trust, and procured the buyer, Sila Realty Trust.

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Mindy Berman, Senior Directors Sam DiFrancesca and Pat Shields and Analyst Matt Sykes.

“Real estate investors have keen interest in outpatient medical properties with major healthcare providers that offer advanced specialty care to patients close to their homes,” says Berman. “Loyola’s sizeable investment in infrastructure at this location means its tenancy should continue for a long time.”

Pat Shields

The three-story property was built in 2010 and is fully leased and occupied by Loyola University Medical Center. The Chicago academic medical center is an affiliate of the large national health system, Trinity Health, and is one of the most prominent and highly awarded health systems in Illinois.

Loyola Burr Ridge is Loyola’s largest ambulatory care location and is home to the most advanced specialties and services in orthopedics, cancer care, neurology, cardiology, dermatology and more with academic faculty physicians.

Burr Ridge is an affluent village situated just 20 miles southwest of downtown Chicago. The facility is highly visible and accessible at an interchange of Interstate 55 which provides easy access to downtown Chicago.

Matt Sykes

The property benefits from proximity to Loyola Medicine’s two largest hospitals including the flagship 547-bed Loyola University Medical Center and the 374-bed MacNeal hospital, both approximately eight miles from Burr Ridge.

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

 

 Contact:

 

Alli Semans

PR, Hotels & Hospitality, Capital Markets

JLL
M +1 330 329 6750

Seyfarth Shaw Launches New Servicing/Special Servicing Practice Group

 

 Katie Schwarting

Charlotte, NC - Seyfarth Shaw LLP has launched a new Servicing/Special Servicing practice group. The new practice will be chaired by Katie Schwarting, who recently joined the international law firm and is based in the firm’s Charlotte, NC office.

Seyfarth’s Servicing & Special Servicing team is positioned to help clients adeptly navigate intricacies within today's dynamic and constantly evolving real estate and financial markets, while steadfastly safeguarding their interests. It starts with 16 lawyers.

 Paul Mattingly

“The addition of this significant practice group with a highly-accomplished team of lawyers led by Katie Schwarting positions Seyfarth to lead the market in loan servicing and special servicing,” said Paul Mattingly, partner and national chair of Seyfarth’s Real Estate department.

Schwarting, as the group chair, focuses primarily on CMBS and Freddie Mac securitizations, regulatory issues impacting securitization, asset management, and workout and foreclosure strategies and the sale of servicing rights.

 CONTACT:

 

John Garger

516-405-3113

 jgarger@rippmedia.com

 

JLL Capital Markets welcomes Samantha Kupersmith as a Senior Director to its multi-housing team in the firm’s Philadelphia office

 

Samantha Kupersmith

 PHILADELPHIA, PA –  JLL Capital Markets announced Samantha Kupersmith has joined the firm’s multi-housing team as a Senior Director in the Philadelphia office.

 

Kupersmith will focus on multi-housing investment sales throughout the Philadelphia MSA and will work alongside Carl Fiebig, Fran Coyne and Tyler Margraf.

Fran Coyne

“Samantha joins us with a very impressive track record that she has built in a short period of time, and we are thrilled to welcome her to our team,” said Coyne.

 

“We are excited to add Samantha to the JLL family,” added Fiebig. “Samantha brings an aspirational personality and tireless work ethic that connects with a vast array of clients.”

 

Prior to assuming her new role, Kupersmith spent almost five years with CBRE on the firm’s multi-housing capital markets team.

 

She focused on the sales of boutique new construction apartment buildings and development opportunities in Philadelphia County. Throughout her time with CBRE, she executed over $300 million in transactions.

Tyler Margraf

In 2021, Kupersmith received the Philadelphia Business Journal’s Rising Star Award. In addition, she earned her degree from Lehigh University.

 

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.

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

Carl Fiebig

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

 

JLL Capital Markets secured $33.5 million financing for the 10-industrial property portfolio for Wharton Industrial in the Philadelphia, PA metro area.

Michael Klein

 MORRISTOWN, NJ –  JLL Capital Markets has arranged $33.5 million in financing for a portfolio of 10 industrial properties totalling 443,488 square feet

 JLL represented the borrower, Wharton Industrial, to secure the 5-year, fixed-rate loan from Securian Asset Management on behalf of the lender, Minnesota Life Insurance Company.

The JLL Capital Markets Debt Advisory team was led by Senior Managing Directors Michael Klein, Steven Klein and Ryan Ade and Associate Ryan Carroll.

The properties within the portfolio are situated across several of the premier industrial submarkets within the Philadelphia MSA, including Southern New Jersey, Suburban Philadelphia and the Lehigh Valley industrial submarkets.

Steven Klein 

The 10 properties feature clear heights ranging from 16 to 22 feet, a total of 82 dock-high doors, 15 drive-in doors and 768 parking spaces (1.73 / 1,000).

The properties are fully occupied to an expansive and diverse tenant mix of local and national tenants, including Boeing and Fiserv.

The Philadelphia Metro Industrial Market is one of the strongest industrial markets in the country. The respective submarkets each boast equally strong market fundamentals including climbing NNN direct rents and low vacancy rates all of which are consistently less than 5.00%.

Ryan Carroll

 CONTACT:

 

Alli Semans

PR, Hotels & Hospitality,

 Capital Markets

JLL
M +1 330 329 6750

 

JLL Value and Risk Advisory hires Bart Sobieralski to join the platform’s Environment & Property Condition group

Bart Sobieralski

NEW YORK, NY – JLL’s Value and Risk Advisory platform has hired Bart Sobieralski as a Vice President in the firm’s New York office.

 

 Sobieralski will focus on business development, particularly for the Environment & Property Condition (EPC) group, where it continues to see heightened demand.

 

The EPC service offers Phase I Environmental Site Assessment and Phase II Oversight Management, along with Property Condition Assessments, Zoning Reports, Seismic Studies, ALTA Surveys and Green Evaluations. 

Adding this new service line in 2021 expanded JLL’s capabilities to fulfill the full spectrum of client needs by providing a suite of services through a single source of ordering; faster access to high-quality data for engineering, environmental and valuation products; and a non-disruptive and optimized approach for collection of field data.

 

Jeff Manas

Sobieralski has nearly 20 years of experience in the commercial real estate industry.

 

. He joins JLL from Bureau Veritas where he has worked as a Regional Vice President since 2015. Sobieralski is a graduate of the University of Connecticut.

 

“Bart's dedication to delivering outstanding client service and his ability to navigate complex real estate transactions align perfectly with our company's commitment to excellence. We are confident that his insights and leadership will elevate our team to new heights,” said Jeff Manas, Head of JLL Value and Risk Advisory’s Environment & Property Conditions group.

 

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

 

U.S. property valuation and tax consulting services are performed by JLL Valuation & Advisory Services, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.

 

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

  

JLL Capital Markets led the $233 million financing efforts for 919 on Fulton, a creative office development in the Fulton Market neighborhood of Chicago

 Tara Hagerty

 

CHICAGO, IL –  JLL Capital Markets has arranged $233 million in financing for the development of 919 on Fulton, a 373,000-square-foot creative office development in the Fulton Market neighborhood of Chicago, Illinois.

 

JLL worked on behalf of the borrower, Fulton Street Companies and JDL Development, to secure the construction financing through Bank OZK and Manulife Investment Management.

Keith Largay

 The JLL Capital Markets team representing the borrower was led by Senior Managing Director Keith Largay, Director Philip Galligan and Associate Tara Hagerty.

 

Upon completion in 2025, 919 on Fulton will feature 350,000 square feet of trophy office and 23,000 square feet of high-street retail.

 

In addition, the development will feature top-of-the-line amenities, including a full-service fitness center, yoga studio, expansive private outdoor terrace space, a shared rooftop terrace with protected views of the skyline, tenant lounge, custom conference room, and bike storage. 919 on Fulton is anchored by Harrison Street Real Estate and Gibson's Bar & Steakhouse.

 

Philip Galligan

The development is located at 919 West Fulton St. directly adjacent to the Morgan "L" station providing convenient access to the Green and Pink lines.

 This location is in the heart of Fulton Market, which is Chicago's premier mixed-use district, featuring a diverse mix of luxury residences, creative offices, art galleries, critically acclaimed restaurants, hotels and high-end boutique retailers.

 

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

 

 

Senior Vice President Michael Clark brings extensive experience to the Phoenix office of Edge Realty Partners

Michael Clark 

 PHOENIX, AZ – Oct. 6, 2023  – Edge Realty Partners is pleased to announce that Michael Clark has joined the Edge Phoenix office as a Senior Vice President. 

Clark will specialize in high-profile, hyper-rollout growth for Edge’s premiere clients and his focus is on site selection and internal team management with Edge’s principals. 

He brings a unique perspective to the Phoenix office with 25 years’ experience in brokerage rollouts and nearly eight years in retail and industrial development. 

 Prior to joining Edge, Clark worked from 2002 until 2016 with the Velocity Retail Group in Phoenix, Arizona, specializing in retail tenant and landlord representation. 

Daniel Ortega

Working as a developer, he handled the development and rollout of over 30 Quick Quack car washes, the redevelopment and re-leasing of a former Fry’s anchored shopping center in Goodyear, Arizona, and after founding Mutual Development Partners with a longtime business associate in 2019, the development of nearly 1.5M SF of warehouse space across five projects in the Phoenix MSA.

 "Michael Clark stands out as a seasoned expert in Arizona's commercial real estate landscape. With a wealth of brand rollout and development know-how, he goes beyond just executing transactions. ”He serves as a mentor to our budding brokers and a trusted advisor to our senior members,” said Daniel Ortega, Principal and Designated Broker for Edge Phoenix.  “We're thrilled to welcome him to EDGE and eagerly anticipate the future he'll help shape.”

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.”

 

 

Colliers South Florida Appointed to Lease Remaining Office/Retail Space at Panorama Tower in Miami, FL

Panorama Tower rises 85 stories over the Miami skyline

                                 

 

MIAMI, FL – Florida East Coast Realty (FECR), an integrated real estate development and management company with more than 60 million square feet of construction completed, has announced that Colliers South Florida will begin leasing the remaining commercial space at its landmark development, Panorama Tower.

 

Configurations ranging from approximately 2,000 to 6,000 square feet for retail space, as well as 19,000 to 52,000 square feet for office space, are available for lease.

Austin Hollo

As the tallest residential building on the eastern seaboard south of New York, Panorama Tower rises 85 stories over the Miami skyline, in the epicenter of Brickell Avenue.

 

The mixed-use development represents approximately 3,000,000 SF of construction on the site. The tower contains 821 luxury residential apartments, along with a 19-story pedestal including a 208-room hotel, high-end commercial space, and a 2,000-car parking garage.

 

“We are excited to continue improving and expanding on Panorama Tower,” said Austin Hollo, Chief Operating Officer at FECR. “This building is a testament to our commitment to innovation and excellence, and we are confident that it will continue to be a sought-after destination for businesses and residents alike.”

Ana Paula

 Colliers South Florida Senior Vice President Kevin Gonzalez, Associate Vice President Jake Freeman, and Vice President Ana Paula have been appointed to market the office/retail opportunities at Panorama Tower.

Kevin Gonzalez

“The market in South Florida has seen a remarkable influx, and we are thrilled to begin marketing Panorama Tower’s Class A commercial space,” said Freeman. “We look forward to continuing to work closely with Florida East Coast Realty to match tenants with their perfect space.”

In addition to Panorama Tower, Colliers is responsible for leasing FECR’s 1101 Brickell office buildings, which are also located on the Panorama campus.

Tibor Hollo

About Florida East Coast Realty:

 

Founded over 60 years ago by Tibor Hollo, Florida East Coast Realty (FECR) has built more than 60 million square feet of construction, consisting of landmark residential and commercial high-rises, single-family homes, government buildings, marinas, high-end retail centers, warehouse complexes, and telecommunications centers.

 

Contacts:

 

Max Brodsky / Don Silver of BoardroomPR at 954.370.8999 or mbrodsky@boardroompr.com / donsil@boardroompr.com