Member News  

NAIOP Member News offers members the opportunity to promote important announcements from their company. These include personnel transactions (hirings, promotions), company news (awards, relocations, stock reports, mergers and acquisitions) and deals (purchases, sales, major financing, awarding of property management contracts, groundbreaking and topping off, leases and land sales).

Submit your news using the online form. NAIOP will review submissions for length, clarity and appropriateness. Press releases sent directly to NAIOP may not be included.

11/06/2019 Personnel News

Real Estate Veteran John D. Ramous Joins Dermody Properties as Partner in Nevada

Dermody Properties

Dermody Properties, a national real estate investment, development and management company specializing in acquisitions and development of logistics properties, has hired John D. Ramous as Partner in Nevada, to spearhead and manage new and existing developments and acquisitions throughout the state. He is based in the company’s Reno office. In this role, Ramous will be responsible for strategically identifying potential developments and acquisitions in Nevada. A 30-year real estate veteran and established leader in the industry, Ramous brings extensive experience in industrial real estate development, acquisition, leasing, management and operations to Dermody Properties. His strong relationships both in Nevada and nationally will be a great asset to the company and its continued growth. Current and past developments throughout the state include LogistiCenter℠ at Speedway, LogistiCenter℠ at Cheyenne, Black Mountain Industrial Park and LogistiCenter℠ at Las Vegas Boulevard, all in Las Vegas, Nev., as well as LogistiCenter℠ at 395, LogistiCenter℠ at I-80, Sparks Business Center and LogistiCenter℠ at Silver Lake, all located in Reno, Nev. Prior to joining Dermody Properties, Ramous was Senior Vice President and Regional Manager at Harsch Investment Properties for over 16 years, where he managed the firm’s industrial portfolio of more than $1 billion and 10 million square feet in southern Nevada. He was also directly responsible for managing all major leasing, capital, operating and budget decisions, including a $40 million operating and capital budget.

Contact: Chrisie Yabu, 775-686-7437

11/05/2019 Deal

Caprock Partners Breaks Ground on Class A Industrial Center in North Las Vegas

Caprock Partners

CapRock Partners, one of the fastest growing private industrial investment and development firms focused solely on the Western U.S., announced today that it has broken ground on Interchange Industrial Center, a 683,000-square-foot Class A industrial complex in North Las Vegas. The industrial development, which was purchased from a private investor in July 2019 is situated on a 33-acre parcel located at the intersection of the I-15 and I-215. Interchange Industrial Center is CapRock’s first ground-up development outside of California and underscores the firm’s strategic growth initiative into key Western markets including Nevada and Arizona. “Las Vegas is growing to become a significant regional industrial and logistics hub in the U.S. supported by the area’s skyrocketing population growth and lower cost of living for warehouse laborers, in addition to the well-established transport infrastructure connecting to the ports of Long Beach and Los Angeles in California,” said Taylor Arnett, vice president of acquisitions at CapRock Partners. “We’ve specifically zeroed in on the North Las Vegas submarket due to the area’s strong leasing velocity from credit tenants over the last three years, the amount of institutional investors established in the area, and the lack of available sizeable parcels compatible with big box development in an area that is relatively land-constrained.” Interchange Industrial Center will consist of two class-A industrial buildings, including an approximately 509,000-square-foot, cross-dock warehouse designed for a Fortune 1000-caliber tenant and an approximately 173,000-square-foot warehouse that can accommodate a single tenant or be demised for up to four tenants. Other state-of-the-art features include 32- to 36-foot clear building heights, ESFR sprinklers, 115 trailer parking stalls and 100% concrete 185-foot secured truck courts. Construction is expected to be completed by late summer 2020 and CapRock is currently exploring a variety of lease and sale options with potential tenants.

Contact: Alvina Olivier, 714-263-8742

10/24/2019 Company News

Extensia Financial Bolsters Business Development Team

Extensia Financial

Extensia Financial, one of the nation’s premier credit union service organizations (CUSO) specializing in commercial real estate lending nationwide, announces the addition of four real estate finance professionals as the company’s newest business development officers (BDO). Phil Nieset, Monte Guest, Chris Hurst and Jason Fobbs will support the increase in demand for the CUSO’s services and are based in Upper Sandusky, Ohio, Phoenix, Dallas and Mooresville, N.C., respectively. They serve as Extensia’s specialized business development professionals across the U.S. Extensia is experiencing an increase in production volume this year, having funded $123.6 million in loans (annualized) in 25 states and 16 cities throughout the U.S. – a 14% increase in year-over-year production. With a current pipeline of approximately $440 million, Extensia is positioning itself for continued growth. “Credit unions are seeking more opportunities to grow their MBL portfolios through commercial real estate, and Extensia is increasing and enhancing its footprint in locations throughout the U.S. to serve their needs,” said Craig Page, Extensia’s president and CEO. “Participation lending is a way for credit unions to fund loans for a wide array of property types outside of their immediate market area, and Extensia is pleased to welcome these talented new team members to help identify more opportunities that match credit union lending risk and objectives.” As one of the most established credit union lending and loan participation platforms in the country, Extensia leverages its experience and network of commercial real estate brokers, commercial mortgage brokers and high-net-worth investors to provide credit unions with commercial real estate lending opportunities and advisory services that enable the expansion of their portfolios. Extensia is actively seeking CRE lending opportunities from $2-15 million to present to its network of credit unions partners and investors. For more information visit www.extensiafinancial.com.

Contact: Nicole Deermount, 949-263-8746

10/23/2019 Company News

Dickson Commercial Group Celebrates Fifth Anniversary

Dickson Commercial Group

Dickson Commercial Group (DCG), a full service commercial real estate firm providing brokerage, property management, investment and consulting services, commemorates its five year corporate anniversary. DCG was formed in 2014 by friends and industry leaders, Scott Shanks, SIOR, Dominic Brunetti, CCIM, Tom Fennell, CCIM and Harvey Fennell with the intent to create a company and culture that not only values long term client and community relationships, but also an extremely collaborative company environment. “We wanted to create an organization that provides the support and branding of a national firm, with the structure and split levels that are much more attractive for brokers,” said Scott Shanks. “This middle ground between the nationals and traditionally smaller boutique firms works well in our market and has allowed for success and growth of many of our team members.” The formation was started with the purchase and renovation of the current offices in Downtown Reno at 333 Holcomb Avenue. The core group of agents was under 10 brokers including the four partners that formed the company in 2014. The team offers expertise in real estate services for office, industrial, retail, multi-family, land, investment, property management and multi-family management; with agents and staff accredited through the Society of Industrial and Office Realtors (SIOR) and Certified Commercial Investment Members (CCIM). As part of its anniversary celebration, DCG is dedicating the company’s growth to their committed staff, brokers and loyal clients.

Contact: Chrisie Yabu, 775-686-7437

10/22/2019 Company News

MVE + Partners Raised Nearly $20K for Hydrocephalus Association at Inaugural Orange County WALK to End Hydrocephalus

MVE + Partners

MVE + Partners, a leading architecture, planning, interiors and graphic design firm, raised nearly $20K for the Hydrocephalus Association – the largest private funder of hydrocephalus research in the U.S. – at its inaugural Orange County WALK to End Hydrocephalus. All proceeds will benefit the nonprofit’s mission to improve the lives of those affected by and promote a cure for hydrocephalus – a condition in which excess cerebrospinal fluid builds up in the brain and the number one cause for brain surgery among children. The WALK was hosted on Saturday, October 12 in Huntington Beach, Calif. and united more than 700 registered participants from local businesses, including MVE, CHOC Children’s Neuroscience Institute, Brookfield Residential, Surf4Shea, Blue Buoy Family Swim School and more. As an event sponsor, MVE rallied its leaders, employees, clients and friends to walk and help fund research for this chronic and challenging condition. In total, the Orange County WALK to End Hydrocephalus raised more than $140,000 – more than any other Hydrocephalus Association walk this year. “We’re honored to support the amazing work performed by the Hydrocephalus Association and to help fund future cutting-edge research for children and families affected by this disease,” said Matt McLarand, president, MVE. “We’re incredibly grateful for the generosity of our colleagues, clients, consultants and friends. With their support, we nearly quadrupled our fundraising goal and helped raise awareness for this life-threatening condition.”

Contact: Angelyssa Granillo, 714-263-8743

10/10/2019 Company News

Dermody Properties Completes Construction of 262,260 SF Cross-dock LogistiCenter℠ at Park Meridian in Riverside

Dermody Properties

Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, recently completed the construction of LogistiCenter℠ at Park Meridian, located on 13.53 acres in the heart of the Inland Empire East. 262,260 square feet of state-of-the-art logistics real estate space is available for lease. LogistiCenter℠ at Park Meridian is located at 21822 Opportunity Way in Riverside, Calif., in the Meridian Business Center. LogistiCenter℠ at Park Meridian features a 32-foot clear height, 56 dock high doors, an ESFR sprinkler system and LED warehouse lighting, making it a perfect fit for logistics and distribution operations. The building also has 2,493 square feet of built-out office space within the total square footage available for lease. Located approximately three miles south of the State Route 60/Interstate-215 interchange, this cross-dock industrial facility provides excellent access via Alessandro Boulevard and Cactus Avenue to a full four-way interchange to the I-215 expressway. Phil Lombardo, Chuck Belden and Andrew Starnes of Cushman & Wakefield have been hired to handle leasing for the project.

Contact: Chrisie Yabu, 775-686-7437

10/10/2019 Deal

Dermody Properties Leases 282,954 Square Feet to Home Goods Retailer

Dermody Properties

Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, recently leased 282,954 square feet at the Stockton Commerce Center, located at 1624 Army Court. Blake Rasmussen, Kevin DalPorto and Tyson Vallenari of Cushman and Wakefield represented Dermody Properties in the lease, with the customer represented by Joe Fabian and Derek Myers of Newmark Knight Frank. The new customer’s location at Stockton Commerce Center marks its first expansion into the Western Region of the country as they look to serve more markets with two-day shipping. The company plans to add up to 75 jobs at the Stockton Commerce Center location as soon as it is fully operational. Stockton Commerce Center, now par­tially leased, currently has 373,022 square feet available. The remaining available space features 64 dock high doors, a 25 to 30-foot clear height, 106 auto stalls,117 trailer stalls and an ESFR fire protection system. The property is strategically positioned directly off Interstate-5 and State Highway 4, providing convenient access to State Highway 99. The commerce center is ideal for businesses with international import and export needs as well as those looking to serve the West Coast markets, located 71 miles from the Port of Oakland and just 50 miles from Sacramento.

Contact: Chrisie Yabu, 775-686-7437

10/03/2019 Company News

Berger Rental Communities Partners with Foyr as the First Full-Service Real Estate Company to Adopt Neo Interior Design Software

Foyr

Philadelphia, PA (October 1, 2019) -- Foyr, creator of 3D visualization software Neo and Storyteller, is pleased to announce that Berger Rental Communities has become the first Multifamily Developer and Property Management Company to start using Neo as a main staple of its workflow. Berger Rental Communities, who owns and manages over 7,000 apartments in PA, DE, and MD, is a full-service real estate company that combines the personal touch and the entrepreneurial spirit of a smaller company with the sophistication, expertise, and technology of a larger organization. Their focus on innovation in the multifamily space provides residents with features that are atypical to standard apartment living. “From a Property Management perspective, Neo has enabled us to create beautiful marketing content. Our design team can work clearly with our development team to create visuals for construction needs, and potential residents have better illustrations of their future apartments. This all comes at a fraction of what we were paying previously to outsource rendering work and virtual tours,” said Brian Miller, Director of Marketing at Berger Rental Communities. This partnership has formed at an exciting time in Foyr’s USA development, and they are very happy to be sharing their product and success with Berger Rental Communities. About Neo Neo is the first cloud-based software where users can ideate, design, and render projects at lightning fast speeds — all from a browser. Built for architects, real estate professionals, home and furniture designers, and more, Neo’s easy-to-use software enables great imaginations to collaborate and create in real-time, leading to better visualizations and faster results.

Contact: Zoe Stoller, 917-664-5136

10/01/2019 Deal

Dickson Commercial Group Completes Lease in Midtown to Red Dot Management

Dickson Commercial Group

Dickson Commercial Group (DCG) announces the successful lease for new healthcare fintech company, Red Dot Management. The company has established its headquarters in Midtown at S3 Development’s newly renovated building, 1401 S. Virginia, also known as 1401 Midtown in Reno, Nev. Red Dot Management specializes in acquiring and resolving Third Party Liability healthcare claims from motor vehicle accidents. Red Dot has developed the first platform for hospitals and medical providers to monetize this extremely long-term and complex claim process without exposing patients to collection activity. The company will be occupying 3,385 square feet of space on the second and third floor of the building and has already begun hiring local employees for the Midtown location. Founder and CEO of Red Dot Management, Michael Bumann, is excited to be in Reno for the same reasons many other tech-related companies have chosen to relocate to northern Nevada -- its business-friendly environment. “The opportunity to grow our business in Reno comes with many advantages: lower costs, a smaller tax footprint and an outstanding business-centric community that retains a small-town feel,” he said. “We could not be happier with how well our relocation has gone. We look forward to making Reno our home for many years to come.” S3 Development has transformed 1401 Midtown into a mix of retail, restaurant and commercial office space. The 21,000 square-foot building has a San Francisco tech feel, featuring a 2,000 square-foot open-air plaza for outdoor gathers, urban style lighting, 1955 masonry, exposed brick and 28-foot ceilings. Other tenants at 1401 Midtown include Rue Bourbon, Michael & Son Jewelers, and Fat Cats Bar & Grill.

Contact: Chrisie Yabu, 775-686-7437

09/30/2019 Company News

C.W. Driver Companies Begins Construction on $43.3M Temecula Valley Campus for Mt. San Jacinto College

C.W. Driver Companies

C.W. Driver Companies, a premier builder celebrating its 100-year anniversary this year, today commenced construction on Mt. San Jacinto College’s (MSJC) new $43.3 million, 350,000-square-foot Temecula Valley Campus. Consisting of a seismic retrofit and tenant improvement of an existing five-story office building, the new campus will allow MSJC to expand access to residents of Southwest Riverside County and the surrounding communities. The improvements also will address current shortages in classroom space across the district. Each of the building’s 175,000-square-foot towers will be converted from office space into classrooms, laboratories and offices to serve students who are obtaining associates degrees, career certificates and the necessary courses needed to transfer to four-year universities. The fifth floor will be entirely comprised of lab space, and upgrades will also be made to include a kitchen, fitness center and lounges for students and faculty to enjoy. “We are proud to partner with Mt. San Jacinto College to further its presence in the Temecula Valley area,” said David Amundson, project executive at C.W. Driver Companies. “C.W. Driver’s robust portfolio of higher education work, including our previous experience with community colleges across California, will help to ensure success in delivering a modern, effective facility for MSJC.” Located at 41888 Motor Car Parkway, the 27-acre campus is of similar size to MSJC’s Menifee Valley location, which currently serves more than 15,000 students. The first phase of construction, including all seismic retrofits and the full build-out of three floors, is expected to complete in time for the fall 2020 semester. The second phase will complete by summer 2021. C.W. Driver Companies is partnering with PMSM/Nineteen Six Architects on the project. In addition to Amundson, Henri Duisters, senior project manager; Richard Thurman, senior superintendent; Alice Trinidad, assistant project manager; and John Modena, estimator, round out the C.W. Driver team.

Contact: Jade Terry, 714-263-8752

09/25/2019 Deal

CAPROCK PARTNERS CLOSES ON $250 MILLION IN TRANSACTIONS

CapRock Partners

CapRock Partners, a premier private industrial investment and development firm based in Newport Beach, reported significant investment activity between June and September with the acquisition and sale of eight total assets valued at $250 million. In July and August, CapRock acquired approximately 1,250,000 square feet in four industrial real estate assets valued at $128 million located in California, Nevada and Arizona for value-add or ground-up development. This brings the company’s total investment and development pipeline since its founding to 14 million total square feet valued at $1.7 billion. Complementing its acquisition efforts, CapRock also successfully completed the business plan of four key Southern California assets this summer, selling nearly 850,000 square feet for a total of $123 million. The four recent acquisitions include: Raymer (value-add), a 126,413-square-foot industrial campus in Fullerton, Calif. Interchange Industrial Center (ground-up development), a 33-acre parcel in North Las Vegas, Nevada, where CapRock plans to build a 683,436-square-foot industrial complex. Otay Mesa (value-add), a 211,269-square-foot industrial building located at 1855 Dornoch Ct. within the Otay Mesa area of San Diego. Papago Distribution Center (value-add): a 226,436-square-foot, Class A industrial property, known as Papago Distribution Center in Phoenix, Arizona. The dispositions include: 800 Iowa (value-add): a 310,000-square-foot institutional-quality industrial building in Riverside, Calif. Vista (value-add): a 155,069-square-foot freestanding industrial business center at 1395 Park Center Drive in Vista, Calif. Serrano Business Park (ground-up development): a new, three-building 332,000-square-foot industrial center built from the ground up in Jurupa Valley, Calif. La Palma (value-add): a 43,313-square-foot value-add office facility located at 4175 E La Palma Avenue in Anaheim, Calif.

Contact: Alvina Olivier, 714-263-8742

09/24/2019 Personnel News

VanTrust Names Industry Expert to Columbus Executive Team

VanTrust Real Estate

VanTrust Real Estate, a national developer with a regional office in Columbus, is pleased to announce the addition of Phil Rasey to its Columbus executive team. Rasey, a well-known and respected real estate veteran, will assume the position of Vice President of Development. Bill Baumgardner, the current VP of Development in Columbus, has been promoted to lead VanTrust’s Dallas office. Both men will start in their new roles later this month. Rasey is a fixture in the Columbus real estate market having spent the last 14 years working with The Pizzuti Companies. Rasey began there as an Associate of Sales and Leasing and over the years was promoted to Pizzuti’s Vice President of Development. He led the development and leasing of over 3.5 million square feet of office and industrial development in the Columbus region. At VanTrust, Rasey will be engaged in all phases of the commercial real estate development process for the Columbus Office, including identification, investigation, management and successful delivery of new build-to-suit and speculative opportunities. Specific responsibilities include project feasibility, market analysis, site acquisition, entitlements, as well as leasing and sales in Central Ohio and the surrounding region where the Columbus office is managing numerous projects.

Contact: Liz Lane, 614-558-6666

09/24/2019 Deal

Dermody Properties Leases 159,216 SF in Portland to Sentia Wellness Property to Serve as State-of-the-Art Production Facility for Social CBD

Dermody Properties

PORTLAND, Ore. – Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, recently leased 159,216 square feet at its 19730 NE Sandy Blvd. property in Portland, Ore., leaving 115,522 square feet available. Dermody Properties’ new customer is Sentia Wellness, producer of the Social CBD brand that offers the highest-quality, lab-tested and certified CBD products globally. Its products are designed to serve consumers who seek the natural wellness and healing benefits of cannabis without the psychoactive effects of THC. Dermody Properties acquired 19730 NE Sandy Blvd., a 274,738-square-foot industrial facility, in October 2018. The building was the former home of Boyd’s Coffee, making it a strong fit for CBD production given its history as a food-grade production facility. Social CBD is currently one of the world’s largest CBD-focused brands and is projected to expand to over 20,000 retail doors by Q4 2019. The building features a 22-30’ interior clear height, 21 dock high doors, three grade-level doors, ample car parking and space for trailer loading and maneuvering, making it an ideal facility for logistics and manufacturing-focused companies. Dermody Properties was represented by Tyler Sheils and Kevin Kriesien of JLL in the transaction, and Sentia was represented by Miles von Bergen and Nathan Sasaki from Apex Real Estate Partners.

Contact: Chrisie Yabu, 775-686-7437

09/24/2019 Company News

MVE + PARTNERS RECOGNIZED WITH PRESTIGIOUS AIAOC 25-YEAR DESIGN AWARD

MVE + Partners

Leading architecture, design and planning firm MVE + Partners proudly announces that its Newport Beach Bayview Mixed-Use Center project was awarded the prestigious 25-Year Award by the American Institute of Architects, Orange County Chapter (AIAOC). Selected from a pool of five competitive entries, the 25-Year Award is an honor bestowed by the AIAOC Past Presidents and College of Fellows Committee to recognize Orange County architecture that has stood the test of time and changed people’s lives. Uniting community and real estate leaders, the award was presented on September 19 at the annual AIAOC Design Awards Ceremony held at Newport Beach City Hall. Completed in 1991 for J.M. Peters Company and Bramalea of California, Bayview Mixed-Use Center consists of two L-shaped joined towers of six stories, a Marriott-Suites hotel offering remarkable views of the Newport Back Bay, two residential neighborhoods, retail, a bluff-top park extending the regional trail system around the bay and a five-level parking structure. The set of twin office buildings wraps around a dramatic 10,000 square foot, three-level garden atrium featuring a custom-designed elevator within an inverted fountain that connects the atrium to a subterranean parking area. With its distinctive polished granite clad towers and notched corner terraced offices, the 700,000 square foot mixed-use center has become a local landmark over the past two decades. “It is truly humbling to see Bayview Mixed-Use Center honored with this prestigious award. We are proud of the quality of this building and grateful for our clients who gave us this opportunity 25 years ago,” said Carl McLarand, chairman and CEO, MVE + Partners. “While we’ve had the great fortune to design projects throughout the world with studios in Los Angeles and San Jose, our roots are in Orange County where MVE was founded 45 years ago and this recognition is very special to us.”

Contact: Angelyssa Granillo, 714-263-8743

09/19/2019 Personnel News

CapRock Partners Promotes Nicholas Ilagan to Senior Vice President, Asset Management

CapRock Partners

CapRock Partners, a California-based industrial real estate investment and development firm celebrating its 10-year anniversary in 2019, today announced the promotion of Nicholas Ilagan, a seasoned real estate industry leader, to senior vice president, asset management. With his new designation, Ilagan continues his role of overseeing asset and property management for CapRock’s owned and third-party managed assets. He takes on more leadership responsibility as the firm grows its portfolio and expands into new markets. He also will oversee the firm’s corporate marketing initiatives. “Nicholas is a valued leader in our company and is directly responsible for all of our assets under management in California, Arizona, and Nevada. He often leads communications with CapRock’s capital partners, collaborating with our third-party brokerage teams on our leasing and sales efforts, and interacting with our tenants, all with excellence,” said Jon Pharris, co-founder and president of CapRock Partners. “Nicholas has worked hard to improve and expand CapRock’s portfolio of assets and this promotion is very well-deserved.” Ilagan’s promotion comes as CapRock pursues a strategic growth initiative, acquiring new assets for value-add investment and ground-up development, expanding its presence into new markets and increasing its employee base. Ilagan initially worked with CapRock as a strategic consultant to create the company’s internal property management platform and officially joined the company in 2016. He was recognized as one of “Tomorrow’s Leaders” by Real Estate Forum magazine. Ilagan earned his Bachelor of Science in Business Administration with an emphasis in finance from Chapman University, where he was named the Ralph Leatherby Center for Entrepreneurship and Ethics “Emerging Entrepreneur of the Year.” Ilagan holds his California Real Estate Salesperson license and is a member of the Institute of Real Estate (IREM) and Building Owner and Managers Association (BOMA).

Contact: Nicole Deermount, 714-263-8746

09/16/2019 Personnel News

SoundEarth Strategies Welcomes Rik Langendoen as Managing Principal

SoundEarth Strategies, Inc.

SEATTLE, September 16, 2019—SoundEarth Strategies, Inc. (SoundEarth) is pleased to announce that Rik Langendoen has joined the company as a Managing Principal. Langendoen has more than 30 years of experience managing client accounts and sophisticated projects in environmental consulting, bringing a vast background in guiding clients through challenges ranging in size and complexity. “Rik is an ideal fit with SoundEarth and our vision for the company’s growth and development,” said Al Davis, CEO at SoundEarth. “He offers us a diverse background that includes solving environmental challenges using the full spectrum of services provided by SoundEarth and will be a great asset to our clients. Our entire team is thrilled to welcome him.” Langendoen acts as a strategic partner for his clients, which have included relatively small clients to Fortune 500 companies in a variety of industries spanning architecture, engineering, site development and redevelopment, renewable energy, and resource extraction and mining. He also has extensive experience with troubleshooting and turnarounds of projects and programs. “I am really excited about joining SoundEarth because it provides our clients a unique blend of responsive, high quality and cost-effective solutions-oriented environmental services, and it has a culture of really listening to and understanding our client’s needs—it is a natural fit for me,” Langendoen said. Over the last year, SoundEarth has implemented a number of actions to carry out its strategic growth plan focused on expansion geographically and into new client industry markets. These actions have included the opening of the company’s Tacoma office in December 2018 and the company’s acquisition of EHS-International in April 2019.

Contact: Christy Kobeski, 206-436-5929

09/12/2019 Personnel News

Walter Bronson Promoted in Dewberry’s Mount Laurel, New Jersey, Office

Dewberry

Dewberry, a privately held professional services firm, announced that Walter Bronson Jr., PE, CME, LEED AP, has been promoted to land development department manager in its Mount Laurel, New Jersey, office. Bronson has more than 30 years of experience as a design engineer and project manager in site/civil engineering and land development for commercial office, retail, residential, educational, municipal, solar, and industrial development and redevelopment projects including several LEED Certified projects Bronson earned his bachelor’s in civil engineering from Pennsylvania State University (1985). He is a professional engineer in New Jersey and Pennsylvania, a LEED Accredited Professional, and a certified municipal engineer in New Jersey. Bronson is a member of the National Association of Industrial and Office Properties (NAIOP) and the New Jersey Society of Municipal Engineers (NJSME). About Dewberry Dewberry is a leading, market-facing firm with a proven history of providing professional services to a wide variety of public- and private-sector clients. Recognized for combining unsurpassed commitment to client service with deep subject matter expertise, Dewberry is dedicated to solving clients’ most complex challenges and transforming their communities. Established in 1956, Dewberry is headquartered in Fairfax, Virginia, with more than 50 locations and 2,000+ professionals nationwide. To learn more, visit www.dewberry.com.

Contact: Sandra Ammar, 703-815-4971

09/11/2019 Company News

H. HENDY ASSOCIATES COMPLETES DYNAMIC INNOVATION CENTER, COLLABORATIVE WORKSPACE FOR LEADING BUSINESS SOFTWARE FIRM

H. Hendy Associates

H. Hendy Associates (Hendy), an award-winning interior architecture and planning firm, today announced the re-design completion of 3366 Via Lido, a historic landmark of Newport’s Marina Lido Village. Business software company SAP now occupies the space that is home to its new Southern California-based Innovation Center and HanaHaus. Designed to be a beacon for innovation and creativity, the workspace seamlessly blends two segments – a dynamic coworking environment open to the public, and a research and development center for the company – for the first time since inception. The 16,000-square-foot collaborative workspace will serve Orange County’s thinkers, makers and innovators and bring an unconventional and creative workspace experience to the region. SAP occupies a historic building on the Newport Beach Bayfront owned by Burnham-Ward Properties, one of the region’s leading developers known for creating community through property. The building, which includes an adjacent marina, is located at 3366 Via Lido, and was initially developed as Newport Balboa Savings Bank in the early 1950s, offering clients a yacht-in banking experience. Today, the property gives SAP access to local businesses and top research institutions and is comprised of two spaces. HanaHaus serves local entrepreneurs, idealists, capitalists, students and those with a passion for creativity. SAP Innovation Center is home to the company’s Southern California-based researchers, engineers, designers and developers. "We’re honored to have partnered with SAP to bring a new purpose-driven destination to Orange County that serves as a nucleus for the region’s pioneers and changemakers and fosters a community with a spirt for creativity and fire for discovering tomorrow’s solutions, today,” said Jennifer Walton, principal at Hendy. “Our overarching goal was to create an unparalleled R&D and collaborative workspace that breaks boundaries and becomes a best-in-class example of uniting public and private entities under one roof.”

Contact: Angelyssa Granillo, 714-263-8743

09/10/2019 Company News

Burke Special Projects is Excited to be Working on FlyOver Las Vegas

Burke Construction Group

LAS VEGAS, September 10, 2019 - Burke Special Projects is excited to be soaring over the Strip with the FlyOver Las Vegas flight simulator, which will open in the first quarter of 2021. FlyOver Las Vegas will be the third FlyOver attraction, following FlyOver Canada in Vancouver and FlyOver Iceland. FlyOver Las Vegas will be utilizing state of the art technology, which will give customers the feeling of flight. You will be suspended, feet dangling, before a 52-foot spherical screen and the film will whisk you away on a roller-coaster journey over and above Las Vegas and more local wonders. This ride includes special effects such as wind, mist and scents which create an unforgettable experience. This new attraction will be located on the Las Vegas Strip and will highlight iconic destinations in and around Nevada. Locations expected include the Grand Canyon, Zion and Arches National Park as well as the beautiful Lake Tahoe in California. Burke Special Projects is very excited about working with FlyOver Las Vegas and can’t wait to start working on this new state-of-the-art Las Vegas attraction. For more information, please contact Gitana Cafasso with Burke Special Projects at (702) 367-1040 or marketing@burkecgi.com.

Contact: Gitana Cafasso, 702-367-1040

08/29/2019 Company News

RBH GROUP, TOGETHER WITH THE BLAU & BERG COMPANY AND HUDSON, SECURE OVER 35,000 SF OF RETAIL LEASES IN SOCIAL IMPACT PROJECTS DEVELOPED BY RBH GROUP IN DOWNTOWN NEWARK

The Blau & Berg Company

NEWARK, NJ, August 26, 2019 – The Blau & Berg Company and Hudson recently signed multiple leases for three retail properties in Newark, NJ on behalf of RBH Group, a community-oriented developer headquartered in Newark and specializing in social impact developments. The deals were brokered by Christian Benedetto, Director of Business Development, The Blau & Berg Company, and Greg Levine, SVP at Hudson, and Founder of Synergy Realty Advisors. The mix of 14 retail tenants reflects 10 small businesses, 9 minority owned businesses and 8 women-owned businesses. The first property, Teachers Village, is a mixed-use community located on five blocks along Halsey Street in the heart of downtown Newark. Offering first-class amenities, the project features 60,000 SF of retail, 204 fully-occupied residential units, 3 charter schools and a daycare facility. New retail leases recently signed and totaling more than 20,000 SF include Inspira Performing Arts & Cultural Center; Dressed Up; Mangia Organica; Brick City Strength; Divino Tasting Room, Eatery & Lounge; The Chen School and Brilliant Smiles Pediatric Dentistry. Rutgers University-Newark’s Honors Living-Learning Community (HLLC), a 320,000 SF new development, is located on the block bounded by Washington, Halsey, New and Linden Streets in downtown Newark. It includes a 400-bed Rutgers University student housing component and 25,000 SF of retail. Recent tenants to sign leases and take advantage of this prime location with access to the built-in student population and proximity to a large daytime workforce include Serena Space Yoga, Mangia Organica, Xi’an Taste, Shawafel House and Jersey Mike’s Subs. Columbia Bank recently opened its 50th community branch on the ground floor of 905 Broad Street below the Great Oaks Charter School, which occupies the balance of the building located across from City Hall.

Contact: Whitney Driver-Crimmins, 973-379-6644

08/22/2019 Deal

Dermody Properties Acquires 29+ Acres in Bethel Township, Pa. For New LogistiCenter℠ At Midway South

Dermody Properties

Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, has acquired more than 29 acres at 9024 Old Route 22 in Bethel Township, Pennsylvania. It will be the future home of LogistiCenter(SM) at Midway South. Construction is underway on a 304,000-square-foot facility, located at Interstate-78 Exits 15 & 16, with connections to Interstate-81, Interstate-476 and Interstate-76 (the Pennsylvania Turnpike). Construction is estimated to be complete by the end of the year. The property is suited for manufacturing, warehouse/distribution and ecommerce companies. Once construction is complete, the building will offer the full 304,000 square feet available for lease. It has a 36-foot clear height, 44 fully equipped dock doors, a 54-foot by 60-foot loading bay, 89 trailer stalls and 151 car park spaces, all attributes required for ecommerce. Corporate neighbors include Samsung, Dollar General and PetSmart. The property is conveniently located in Bethel Township, capturing more than 51 million households and allowing access to more than 36 percent of the U.S. & 60 percent of the Canadian population within a one-day truck drive. Representing the project for leasing are Gerry Blinebury, Executive Managing Director, Adam Campbell, Executive Managing Director, and Jeff Williams, Senior Director, all of Cushman & Wakefield.

Contact: Chrisie Yabu, 775-686-7437

08/15/2019 Company News

Dermody Properties Leases 475,800 SF in Pennsylvania to Radial

Dermody Properties

EASTON, Pa. – Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, recently leased 475,800 square feet to Radial, Inc. at LogistiCenter℠ at 33 in Easton. A leader in integrated ecommerce technology and operations, Radial connects supply and demand through efficient fulfillment and transportation options, intelligent fraud prevention, payments, tax systems and personalized customer care services. Radial’s presence at LogistiCenter℠ at 33 marks the company’s first on-the-ground fulfillment presence in the state of Pennsylvania. Radial plans to provide nearly 100 management and hourly positions initially, as well as 700 hourly positions later this year to meet customer demand during the holidays. LogistiCenter℠ at 33 is a 475,800-square-foot building, now fully occupied by Radial, located in the Lehigh Valley just minutes from Interstate 78 and Route 33. The property’s attractive location near major cities makes it a perfect transportation and warehousing hub for a company like Radial. “The location of this property is ideal for Radial’s ecommerce, fulfillment and transportation operations, providing proximity to major East Coast markets and population centers,” said Eugene Preston, East Region Partner for Dermody Properties. LogistiCenter℠ at 33 is within minutes of several national companies including Amazon, UPS, FedEx, Porsche, Mondelēz International, Inc., BMW and Walgreens. With a surrounding population of 781,850 and a workforce of 412,000 within 25 miles of the property, LogistiCenter℠ at 33 is ideally suited for ecommerce and fulfillment. The facility features a 36-foot clear height, 226 car parking spaces and 85 trailer parking spaces. Larry Maister and Jeff Lockard of JLL represented Dermody Properties in the leasing transaction, with Radial represented by William Wolf of CBRE.

Contact: Chrisie Yabu, 775-686-7437

08/15/2019 Personnel News

Pogue Appointed to Westwood Vice President Role

Westwood Professional Services

Randy Pogue, PE has been promoted to a vice president position within the firm’s Land Division. Pogue’s promotion represents one of seven new vice presidents the firm announced this week. Leading operations and business development for the division’s southern region, Pogue is highly capable and respected among staff, clients, and peers. He focuses on mentorship, team culture, and client satisfaction to support long-lasting success for all project stakeholders. Pogue joined Westwood through an acquisition of his firm in 2015. He participates in countless professional organizations and has served as an elected official of the City of McKinney, Texas. On the seven recent promotions, President/CEO Paul Greenhagen, PS says, “Our new officers represent an exciting step forward in Westwood’s growth strategy. As newly appointed vice presidents, we recognize the importance and magnitude of each persons’ role, their contributions to the success of our business, and their strength as leaders going forward. I look forward to engaging each of them on Westwood’s long-term strategies.” About Westwood Professional Services, Inc. (Westwood) Westwood is a multi-disciplined national surveying and engineering services provider for private development, public infrastructure, wind energy, solar energy, energy storage, and electric transmission projects. Westwood was established in 1972 in Minneapolis, Minnesota and has grown to serve clients across the nation from multiple US offices. https://westwoodps.com/recent-blog-posts/pogue-appointed-westwood-vice-president-role

Contact: Marissa Arnquist, 952-697-5749

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