JLL Capital Markets arranges the first $15 million lien construction financing for the 87-unit 6100 Main in Los Angeles, CA

Allie Black.

IRVINE, CA – JLL Capital Markets has arranged the first $15.45 million lien construction financing for 6100 Main, an 87-unit, multi-housing community located in Los Angeles, California.

 

JLL worked on behalf of the borrower, SoLa Impact, to secure the construction loan with a regional bank.

 

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Greg Brown, Director Charlie Vorsheck, Director Kellan Liem and Analyst Allie Black.

Greg Brown

“We are extremely pleased to have sourced a new lender relationship for our client that could finance a modular construction loan in the current banking environment. More importantly, we are thrilled to contribute to SoLa’s goal of providing high quality affordable housing in low-income communities,” said Brown.

 

Located within a Qualified Opportunity Zone, the project is designed as a four-story podium that will utilize modular unit construction.

 

The community will be developed on a 0.52-acre site, and upon completion, it will consist of 87 one-bedroom units with stainless steel appliances, well-appointed kitchens, engineered wood floors and soft-close cabinets. Community amenities will include a community room, a spacious roof deck, a ground-floor garage and secure bicycle parking.

 

Charlie Vorsheck

Situated at 6100 S. Main Street, the project’s central location at the southeast corner of S. Main Street and 61st Street in the Greater Inglewood submarket of Los Angeles offers residents direct access to the Interstate-110 ramps and three bus lines that stop at the corner of S Main Street and 61st Street, directly in front of the community.

 

 Several grocery stores are within a 10-minute walk from the site, including Food4Less, Northgate Market and Superior Grocers.

 

Future residents will also be just a 15-minute drive to both LAX and downtown LA. Additionally, nearby developments include the brand new LAFC soccer stadium, the future George Lucas Museum of Narrative Arts at Exposition Park, the USC Village and the renovation of the Los Angeles Memorial Coliseum.

Kellan Liem

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.

 

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

 

Contact:

Alli Stent (Semans)

PR, Hotels & Hospitality, Capital Markets

JLL
M +1 330 329 6750

 

JLL Capital Markets arranges sale and the acquisition financing for Margo at the Society in the Mission Valley neighborhood of San Diego, CA

 Sarah Murphy

 LOS ANGELES, CA – JLL Capital Markets has closed the sale of and arranged the acquisition financing for Margo at the Society, a generational, 240-unit, seven-story core multi-housing opportunity located in San Diego, California in the Mission Valley neighborhood. Financing  details were not disclosed.

 Charles Halladay

JLL represented the seller, and procured the buyer, Decron Properties. JLL also worked on behalf of the new owner to secure the Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital, LLC, a Fannie Mae DUS lender. 

 The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Charles Halladay, Senior Director

Rick Salinas

Rick Salinas, Director Charlie Vorsheck, Senior Analyst Elijah Lax and Senior Production Associate Sarah Murphy.

 

The JLL Capital Markets Investment Sales Advisory team was led by Senior Managing Director Blake Rogers and Managing Director Alex Caniglia.

 

“Margo at the Society is an exceptional new addition to Decron’s portfolio, in-line with Decron’s strategy of modernizing the portfolio and investing in supply constrained markets with strong employment fundamentals,” said Daniel Nagel, Chief Investment Officer and Chief Financial Officer of Decron Properties.

 

Charlie Vorsheck

Completed in 2022, Margo consists of 240, luxurious one-, two-, and three-bedroom homes with quartz countertops, stainless steel appliances, French door refrigerators, vinyl plank flooring and full-size in-home laundry.

 

The community’s full-suite of resort-inspired amenities includes a pool and spa, fitness studio, pet spa, professional conference rooms, surfboard storage and repair room and courtyards with fire pits and BBQ areas.

 

Situated at 201 Del Sol Dr. Margo at the Society is only a five-minute walk from the Fashion Valley Transit Center, which connects residents to SDSU, Downtown San Diego and UTC across the Green and Blue Trolley lines all in under 30 minutes.

Elijah Lax 

The property is also walkable to top area retail, including Fashion Valley Mall, and is a six-minute drive Westfield Mission Valley. Within 1.5 miles of the community is over 6.1 million square feet of retail.

 

 Additionally, residents have direct access to the I-8 and CA-163 freeways, allowing easy connectivity to major technology, healthcare and life sciences hubs of downtown, Kearny Mesa and UTC within 15 minutes.

 

The property is a seven-minute drive to downtown San Diego and an eight-minute drive to San Diego International Airport.

 

Daniel Nagel

 Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.

Contact:

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com  

 

Unispace Group Announces New Leadership to Empower Growth of Expanded Service Offerings

 Rose Williams 

NEW YORK, NY – As a partnership of brands bringing together the best professionals across design and construction to create spaces for workplace, life sciences, and brand-led environments, Unispace Group is announcing several key leadership updates going into the new year.

 The Group has expanded significantly over the past two years, from a focus on corporate interiors at Unispace to now include the Unispace Life Sciences (highly regulated sectors) and Downstream (brand-led experiential environments) brands.

This week, Unispace Group announces the appointment of James Bruce in the new role of Group President. In this position, Bruce will drive operational excellence and efficiencies across the Group’s portfolio of brands to enable best practice delivery globally and implement proven strategies for continued scale and profitable growth.

 He was most recently CEO of the built environment and engineering consultancy Buro Happold, where he oversaw substantial growth in revenue and profitability, and executed/integrated a series of acquisitions.

 

James Bruce 

Unispace’s Rose Williams has been promoted to the new role of Managing Director Corporate Interiors, Americas, where she will report to the Global CEO. Previously serving as the Head of Client Solutions, Americas, Williams will now be responsible for the end-to-end delivery of Unispace’s corporate workplace interiors offering for clients across the strategy, design and construction lifecycle in the US.

 

 Since joining Unispace in 2017 as Principal, Pre-construction in New Zealand, Williams has quickly risen into a leadership role across the Americas, bringing a unique understanding of the project lifecycle to how she leads a multi-disciplinary team to ensure clients’ objectives are clearly identified and successfully achieved.

 John Capobianco

Williams’ first appointment as Head of Corporate Interiors, Americas is John Capobianco, who has joined the firm as Creative Director, Americas and Senior Principal – Client Solutions, after a long tenure as Design Director and Principal at IA Interior Architects.

 

 An award-winning design professional with 25 years in the industry, Capobianco has worked with major brands like Uber, RBC, Yext, Google, Capital One and American Express.

 

 Capobianco will leverage his strategic design innovation mindset in his new role at Unispace, providing clients with creative solutions that drive strategy and meet their needs and aspirations.

 

“I’ve long admired Unispace’s ability to disrupt and evolve the strategy, design and construction industries through service integration and creativity,” said Capobianco. “It’s a delight to be joining such a talented and dynamic team. I look forward to helping Unispace clients drive innovation and ignite passion in the workplace.”

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Jamie Geddes

Jamie Geddes has also joined the firm as Director, Strategic Accounts for Downstream where she will be responsible for client attraction and retention in the Corporate and Institutional markets.

 She will also focus on increasing Downstream’s reach among key decision makers in target markets and adding value to key New York area clients with strategic relationship management.

 

As Unispace Group more broadly, and Downstream specifically, continues to grow its client base in New York City, the Group is also growing its New York Studio, where Geddes will be based.

 

With over seven years of consultative sales experience, and a proven track record in driving business growth through strategy and relationship management, Geddes joins following four years at WeWork, where she was most recently Enterprise Account Director.

 

“We are excited to be growing the Unispace service offering, expanding our workforce, and developing new skills and experiences to better serve our global suite of clients,” said Steve Quick, Unispace Group CEO.

 

 “I am very happy to welcome James, Jamie and John to the team and to watch Rose step into this new leadership role for the Americas, a key market for our business growth.”

 

 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 Capital Markets arranges construction financing for the 338-unit Lirica East Austin apartments located at 5211 E. 7th Street in Austin, TX

 

Samantha Jay

AUSTIN, TEXAS –– JLL Capital Markets announced today that it has arranged the construction financing for Lirica East Austin, a unique, five-story, 338-unit, Class A multi-housing development located in Central East Austin.

 

Doug Opalka

Located at 5211 E. 7^th St.,

 the property is positioned just three miles east of downtown Austin. 

JLL worked on behalf of the borrower, Central Southwest Texas Development, LLC DBA CSW Development, and the equity partner, Blueprint Local, to secure the loan.

 

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Doug Opalka, Senior Director CW Sheehan and Associates Scott Dickey and Samantha Jay.

 

“Our team has worked diligently to secure permits necessary to start construction, so we are excited to be able to break ground at a time where high-quality construction trades are readily available due to the challenging capital market environment,” said Kevin Hunter, CFO and COO of CSW Development.

 CW Sheehan

“With a considerable amount of growth happening in East Austin, from Tesla’s headquarters, numerous new local food and entrainment venues, major roadway improvements and the Austin airport expansion, we see the housing demand only increasing in this area as development activity progresses.”

 

With an anticipated completion of Q1 2026, the property will feature studio, one-, two- and three-bedroom units with an average size of 799 square feet.

 

Community amenities will include a swimming pool and cabanas, a club room and deck arena, a two-story fitness center, a leasing center, a coworking space, a fifth-floor sky lounge overlooking the Austin Downtown skyline, an outdoor courtyard and a dog park area.

Scott Dickey 

Lirica East Austin will also offer a 496-space parking garage and a 0.25-acre pocket park.

 

 Contact:

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com 

 

 

 

 

Ware Malcomb Announces Construction Completed on The Arc of Monmouth Day Habilitation Project in Wall Township, NJ.

 

Marlyn Zucosky

 NEWARK, NJ – Ware Malcomb, an award-winning international design firm, announced that construction is complete on The Arc of Monmouth Day Habilitation Center, located in Wall Township, NJ. Ware Malcomb provided civil engineering and interior architecture and design services for the 30,000 square foot project.

The Arc of Monmouth is a nonprofit organization that serves more than 1,600 individuals with intellectual and developmental disabilities (I/DD) in Monmouth County.

 

 Edward Mayer II

Through its staff, volunteers and donors, the organization empowers individuals with I/DD to live fulfilling, independent lives in their communities through advocacy, services and education.

 “We were proud to partner with The Arc of Monmouth on the design of their new facility, which brings together multiple programs to a single upgraded location that provides enhanced and integrated services to the community,” said Marlyn Zucosky, Regional Director for Ware Malcomb.

 

Citing the notable impact the firm made in the region through its work on The Arc of Monmouth project and numerous others, Ware Malcomb was recognized as one of the 2023 Leaders in Real Estate, Construction and Design Awards by NJBIZ, a New Jersey business news publication. The awards program celebrates individuals and companies changing New Jersey’s commercial real estate landscape through development, design, construction, project management and more.

“Our firm is continually focused on making an impact in the communities where we live, work and thrive, said Edward Mayer II, Principal for Ware Malcomb. “We are grateful to be recognized by the independent panel of industry judges.”

 

Contacts:

 

Rachel Devany

VP Public Relations,

 KCOMM for Ware Malcomb

rachel@kcomm.com

Maria Rodgers,

 Director, PR & Communications,

949.660.9128,

 mrodgers@waremalcomb.com

 

Sean Boswell,

PR Associate,

 949.660.9128,

 sboswell@waremalcomb.com

Peachtree Group Appoints Sameer Nair as Senior Vice President of Equity Asset Management

 

Sameer Nair

ATLANTA, GA – Peachtree Group, a diversified commercial real estate investment firm, has named Sameer Nair as senior vice president of equity asset management. In this role, he will oversee and implement asset oversight to Peachtree’s real estate portfolio and preferred equity investments.

As an experienced asset manager with development and transactional experience, Nair brings unique experiences and capabilities to the firm.

 His insight and expertise in navigating the real estate landscape, coupled with a successful track record overseeing complete investment lifecycles positions him as valuable contributor in Peachtree Group's growth strategy.

“Over the past decade, Sameer has been instrumental in the growth of some of the most respected companies in the hospitality industry,” said Brian Waldman, Peachtree Group’s CIO.

Brian Waldman

“He has led multiple acquisition, development and investment efforts throughout the country, which gives him a deeper perspective of the industry and market.”

With more than a decade of hospitality experience, Nair most recently was senior vice president of acquisitions and development for Hospitality Ventures Management Group (HVMG), where he sourced equity, debt and third-party management opportunities, growing the company’s hotel portfolio.

Prior positions included Nair serving as vice president of investments and capital markets for Kolter Hospitality, where he oversaw more than $600 million in transaction volume across hotel investment and debt restructuring.

He also held a similar position at Banyan Investment Group as vice president of hotel investments, closing more than $125 million in transaction volume, among others. 

Nair received his Bachelor of Science in Hotel Administration from the Nolan Hotel School of Hotel Administration at Cornell University. He is a Cornell Hotel Society member and an active member of the Urban Land Institute and the Arthritis Foundation. 

.

Contacts:

 

Charles Talbert

678-823-7683

ctalbert@peachtreegroup.com

www.peachtreegroup.com 

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com