Sunday, February 11, 2024

JLL Capital Markets arranges $116 million sale and the $72 million acquisition financing of Pulse Millenia in Chula Vista, CA

  

Annie Rice

SAN DIEGO, CA JLL Capital Markets has closed the $116 million sale of and the $71.842 million acquisition financing for Pulse Millenia, a 273-unit, garden-style multi-housing community located in the desirable Otay Ranch region of Chula Vista, California.


 Pulse Millenia, a 273-unit, garden-style multi-housing
 community located in the desirable Otay Ranch
region of Chula Vista, CA

Pulse was the first apartment community constructed as part of the $4 billion Millenia Master Plan within Otay Ranch, ushering in an era of development that has set a new standard of living in South County San Diego.

Kip Malo


JLL worked on behalf of the seller, Northwestern Mutual. JLL also worked on behalf of the new owner to secure the seven-year, fixed-rate loan through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo lender.

 

The JLL Capital Markets Investment Sales Advisory Team was led by Managing Director Kip Malo. Executive Managing Director Charles Halladay, Managing Directors Annie Rice and Brandon Smith and Senior Director Rick Salinas led the JLL Capital Markets Debt Advisory Team.

  

Charles Halladay
Built in 2016, Pulse offers one-, two- and three-bedroom floor plans averaging 970 square feet. Unit interiors are offered in both a light and dark design package, each highlighted by a full stainless-steel appliance set, granite countertops, wood-style flooring throughout living spaces and an in-unit washer/dryer set.

 

Community amenities include a central sundeck plaza with a heated pool and spa, a 24-hour fitness center, a social lounge with a billiard table and kitchen, a multi-station business center, a conference and private dining room, a multi-sport/bocce ball court, barbecue grilling stations and more.


 Both the units, as well as the community amenities present the opportunity for value-add modern upgrades.

 

Residents also benefit from the extensive range of public amenities within the greater community of Millenia. Spanning approximately 210 acres, the highly walkable, master-planned development showcases more than 200 retail offerings, over 3,000 luxury residences and more. Residents can also easily access multiple parks within a short walk.


 Brandon Smith
Situated at 2043 Artisan Way, the property offers convenient highway accessibility with a .25-mile drive to 125-Hwy and just a 10-minute drive 805-fwy.

 

 In addition, over 4,000 businesses and 33,000 jobs sit within a 15-minute drive, and approximately 1.3 million square feet of retail sits within a one-mile radius. The property is also less than 20 miles from downtown San Diego.

 

 

JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform. The division employs approximately 400 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors.


Rick Salinas 
JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities. 


Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged in California are pursuant to a California Financing Law license.

 


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:


Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com 

CrossMarc Services Named Exclusive Leasing Representative for Class A Trafalgar Court Office Building in Maitland, FL

 

Christie Alexander

MAITLAND, FL and  WINTER PARK, FL  – CrossMarc Services, one of the Southeast’s fastest growing commercial real estate firms, has been named exclusive leasing representative for 850 Trafalgar Court, a 150,000 square foot Class A office building located in the Maitland Center area. 

850 Trafalgar Court, a 150,000 square foot
 Class A office building located
 in the Maitland Center area. 
 

The building has high ceilings, lots of natural light and impressive lake views from all four floors.  It was renovated and upgraded in 2020 with a modern lobby.  Everglades University and Pike Engineering are among current major long-term tenants.  




John Crossman, CCIM, CRX founder and president of CrossMarc Services said the building’s location right off I-4 just minutes to downtown Orlando has an ideal office environment and is unquestionably a place where a business can grow significantly.  There is 15,000 square feet available on the third floor.


John Crossman

 “I’m eager to be working more in the office market,” Crossman said.  “I love coming up with ideas for activating office space and finding ways to get more people excited about coming back to work in the office.” 

 

Christie Alexander, Senior Vice President at CrossMarc Services is the leasing contact at 850 Trafalgar Court. 


“Tenants at 850 Trafalgar enjoy ample parking, tranquil park-like surroundings for breaks during the workday along with close proximity to Orlando Sportsplex and other conveniences,” said Alexander, adding  “A staff can truly perform at their best here.”    

 

CONTACTS:

 

John Crossman, CCIM, CRX,

President, CrossMarc Services, LLC, 

 407-794-9393 or

 jcrossman@crossmarcservices.com

 1011 N. Wymore Rd. Winter Park, FL 32789

 

Beth Payan, Larry Vershel Communications; 407-461-3781 beth@larryvershel.com

 

www.crossmarcservices.com 

 

 

 

Saturday, February 10, 2024

ISA Wins Multiple Vfairs Eventeer Awards, Recognizing the Best-in-Class Events in 2023

Claire Fallon

 

 

Durham, NC -- The International Society of Automation (ISA) announced wins in multiple categories in the annual Eventeer Awards. The wins recognize two ISA events – the Automation and Leadership Conference and the OT Cybersecurity Summit – and mark the second year in a row that Society events have been awarded.



 

 

 

The Eventeer Awards are presented by Vfairs, a leading software provider for event management. The awards spotlight the public’s favorite events of the year for categories highlighting strengths in graphics, content, logistical construction, gaming, and mobile app usage. The awards are then voted on publicly and announced after a voting period.

 

The awards ISA won showcase the association’s adaptability for events after COVID and their commitment to bringing the best-in-class technical events to the automation industry.

 

ISA events placed in the following categories:

 

  • Best Mobile App EventISA Automation and Leadership Conference
  • Best In-Person EventISA Automation and Leadership Conference
  • Best Event: Europe Middle East and Africa (EMEA)—OT Cybersecurity Summit
  • Runner Up Best Event: North AmericaISA Automation and Leadership Conference
  • Runner Up Best Out of the Box Event—OT Cybersecurity Summit 

 

“ISA is honored to continue to be recognized for the high quality of our events,” said Claire Fallon, ISA executive director. “These awards are a testament to how excited our attendees are about our high-quality content, engaging experiences, and productive networking opportunities."

 

 

The 2023 Automation and Leadership Conference (ALC) took place on a beautiful mountainside in Colorado Springs, CO, hosted 200+ attendees, three tracks of content on cybersecurity, career building and digital transformation, a live rodeo and Western show at the Honors and Awards Gala, and various networking opportunities for automation professionals.

                                         Sujata Tilak

Sujata Tilak, ISA Board Member and Director of the Smart Manufacturing and IIoT Division, had one word to say about the lively Honors and Awards Gala: “Epic!”

 

The event created a large social media buzz for ISA, and attendees had a lot of positive feedback about their experience:

Registration is now open for the OT Cybersecurity Summit 2024 to be held in London on 18-19 June. Visit www.isa.org/events for more information about the Society’s 2024 slate of conferences, including registration details and sponsorship opportunities.

 

 

US Contact:

 

Morgan Foor

MFoor@isa.org

 

 

Friday, February 9, 2024

A Collaborative of San Diego Design Leaders Reinvigorates the Design Center, Introduces Futuro Space; Collection of new gathering spaces named for iconic Futuro House of the 1970s

  • David McCullough

     SAN DIEGO, CA – At the renowned San Diego Design Center, a classic 15,344-square-foot mid-century modern multi-building office campus located at 3605 Fifth Avenue in Hillcrest, local design leaders are joining forces to reinvigorate the iconic property. Sean Slater and Frank Wolden of architecture, planning and interiors firm RDC,

 Graham Hollis

David McCullough of landscape architecture and urban design firm McCullough Landscape Architecture, and the property’s owner Graham Hollis of Blue Sapphire Holdings are collaborating to bring back the original intent of the space as a creative hub for the San Diego arts and design community.  

 Together, they are launching a set of community gathering spaces dubbed Futuro Space after the iconic UFO-like Futuro House that inhabited the Design Center parking lot in the 1970s. 


These leaders and their firms are working together to offer and manage Futuro Space as a hub for community meetings, creative collaboration, and other design-focused gatherings. 

 

“The San Diego Design Center is not just a building, but a place where history and creativity meet,” said Sean Slater, AIA, Senior Principal at RDC. “Together with Blue Sapphire Holdings and McCullough, RDC is working to make this special place a community hub for creative discourse.” 


Sean Slater

Futuro Space is 1,200 SF

  • RDC moved into the Design Center in September 2021
  • RDC occupies 1,500 SF
  • McCullough moved into the Design Center in September 2022
  • McCullough occupies 1,500 SF
  •  
  • The Design center is also occupied by Ray Hollander Design, Brian Brown Studio, and a few law firms.  

 Futuro Space is a collection of gathering spaces intended to reinvigorate the spirit of the original intent of the Design Center, opening a collective of community collaboration rooms and event spaces for the community of San Diego and the surrounding area.


 It is comprised of large and small meeting rooms, patio event space and individual workstations, with plans to add more community resources and engagement tools as time goes on. 


It opened in late 2023 and has already become the place for dialogue on issues of design and the built environment, both formally and informally. Groups Futuro has hosted include the Urban Land Institute (ULI San Diego-Tijuana), the American Institute of Architects (AIA San Diego), the San Diego Architectural Foundation, and Citizens Coordinate for Century 3 (C-3). 


 Frank Wolden
“The San Diego Design Center is more than just a place. It is a symbol of San Diego's artistic and creative history, and a space where minds and ideas thrive. It is a place for productivity, collaboration, and innovation, and a forum where ideas that will shape the future of San Diego,” said Frank Wolden, Urbanist at RDC. “We are excited to welcome creatives to thrive in this space with us.” 

 

Community and arts organizations interested in using the space should contact Dalane Nash, Senior Community Experience Manager for RDC at dalane.nash@rdc-s111.com. For more information, visit rdcollaborative.com/futurospace. 


Dalane Nash
The Design Center: A Symbol of San Diego's Artistic and Creative History

  

“Ruocco’s original intention for The Design Center was for the space to be a hub of creativity and innovation, a space dedicated to new ideas and devoted to pushing the envelope, and improving the city it served.


 "Our intention is to further that mission,” said David McCullough, ASLA, PLA, Principal at McCullough Landscape Architecture. 

 

The Design Center complex, located at 3605 Fifth Avenue in Hillcrest, was designed by prominent San Diego architect, Lloyd Ruocco, FAIA. 


Upon completion of construction in 1949, Ruocco moved his architecture studio to the Design Center, along with the studio and showrooms of his wife, interior designer, and professor Ilse Hamann Ruocco.

 

Lloyd Ruocco
Focusing on the creative community, the couple transformed the space into an incubator for artists, designers, photographers, and architects who were invited by Ruocco to help shape the city’s arts community. 

 

Constructed of primarily redwood and glass, a style reminiscent of many of Ruocco’s early designs, its open floor plans and rectilinear structures are hallmarks of the California Modern style—a style he helped pioneer. 


"The openness of design and extensive use of glass reflects Ruocco’s sensitivity for a built environment’s relationship with the outdoors that became a trademark of some of his most notable designs. Lloyd Ruocco is quoted as saying, “Good architecture should call for the minimum use of materials for the most interesting and functional enclosure of space.” 




 Ruocco was instrumental in founding several community design organizations, including co-founding Citizens Coordinate for Century 3 (C-3), an influential group of thinkers and leaders concerned with urban design that successfully fought a California Department of Transportation plan to widen State Highway 163 where it passes through Balboa Park.



Founded in 1961, C-3 continues today as a nonpartisan, nonprofit group of informed citizens in San Diego, answering the question: “How can we make a city that is fit to live in?  

 

When Blue Sapphire Holdings LLC acquired the Design Center, Graham Hollis and his team restored its facade. The company used the lower level of the property while renting the other floors to design professionals. Hollis commented, “We had a vision to return this space to its original purpose, serving as a center where design and ideas flourish. We are pleased to be taking that idea to the next level with Futuro Space.” 


Design Center, San Diego, CA

San Diego and Tijuana Named World Design Capital 2024 

 

The Design Center is a symbol of San Diego’s importance in the global design community. Recently the World Design Organization jointly designated the cities of San Diego and Tijuana as World Design Capital 2024 for their commitment to human-centered design and shared legacies of cross-border collaboration.


 Futuro Space is currently working with World Design Capital San Diego-Tijuana to discuss strategies for the World Design Capital 2024 celebration events. 

 

“The recent selection of San Diego as the World Design Capital adds an additional layer of importance to the activities at the Design Center and the launch of Futuro Space,” Slater said. “We are excited to be part of this conversation and provide an inspiring place for collaborative thinking, and look forward to being a part of San Diego's creative future.”  

 

About RDC 

 

Founded in 1979, RDC is a full-service, award-winning architecture firm dedicated to making everyday places extraordinary. Practice areas include placemaking, retail, store planning, entertainment, hospitality, office, residential, interiors, branding, and procurement. Headquartered in Long Beach, CA, the firm has 180 staff members and offices located in Washington, DC, Rogers, AR, and San Diego, CA. 






 About McCullough Landscape Architecture, Inc.

Founded in 1999, McCullough Landscape Architecture, Inc., is an award-winning landscape architecture, environmental planning, and urban design firm with offices located in San Diego, Los Angeles, and Oakland, CA.

 Now celebrating 25 years, the company has earned regional and national recognition for its many private development, civic, and commercial projects – including retail, mixed-use, and entertainment facility master plans.

 McCullough is proud to be certified by the State of California Department of General Services as a Small Business Enterprise (SBE) and a Woman-Owned Small Business (WOSB), and certified by the City of San Diego as a Small Local Business Enterprise (SLBE).

   

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.” 


www.rdcollaborative.com.

www.McCulloughLA.com.