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Madison Highland Live/Work Lofts Announces Plans to Develop Next Generation Live/Work Lofts in Key Metro U.S. Markets

DC area real estate leaders join forces to form a strategic investment and development initiative to transform underperforming office buildings to live/work lofts

Washington, DC — April 7, 2022 — Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, and Highland Square Holdings, the leading developer of live/work properties in the Washington, DC area, today announced the formation of Madison Highland Live/Work Lofts, a strategic investment and development platform to grow the next generation of live/work loft communities in key urban markets across the United States.

“Our strategy is to provide best in class loft style apartment homes by creating additional office and live/work functionality that enables the customer to decide how best to use the units,” said Madison Marquette Chairman, Amer Hammour. “The change to hybrid work environments, buoyed by technological advances, has altered retail and then office products. To retain and grow value in office buildings, we believe that physical space must provide consumers with the same flexibility, utility and value as cyberspace.”

“Having flexible space that can serve more people in more ways is smart business. By expanding loft uses, we increase the number of people we can serve. The net result is a resilient resource that maximizes market demand and stabilizes revenue across changing markets, at all times,” said Madison Marquette Chief Executive Officer, Vincent Costantini.

Madison Highland Live/Work Lofts creates an entity with a full range of expertise, resources and proven results.

“It was a natural fit to combine our strategic vision, development and construction expertise with Madison’s broad market reach, financial capacity, operations and placemaking DNA,” said Madison Highland Live/Work Lofts Managing Principal, Robert Seldin, who has been at the forefront of this unique strategy. “Working with the Madison Marquette team, we believe the Live/Work strategy and platform will grow more rapidly, and in exciting ways, to better serve consumers and communities.”

In addition to the DC area, Madison Highland Live/Work Lofts is targeting select U.S. markets that have seen high knowledge and information-based job growth drive increases in housing costs. The platform’s initial focus will be in select markets in California, the Southeastern U.S., as well as in New York, Boston, Seattle, Austin, Dallas, Denver, and Salt Lake City.

Seldin said the Live/Work Loft strategy targets prospective residents, small businesses, and the growing market of remote and hybrid workers who are actively seeking better and more flexible housing and office options. The demand is fueled by several factors. The remote work population in the U.S. has soared from eight million in 2017 to 58 million today. He said that traditional apartment competitors are not well suited to accommodate this change.

“There are an additional 85 million U.S. households composed of singles and couples to offer greater value and sense of community as well as the 75% of U.S. businesses with fewer than ten employees for whom the rigidity and cost associated with traditional office leasing is sub optimal,” Seldin added.

Madison Highland Live/Work Lofts recently purchased and is seeking entitlements for two additional vacant Class A- office buildings, Skyline 4 and 5, to convert to Live/Work lofts. At 572,000-square-feet, Skyline 4 and 5 are part of the Skyline Center, the largest contiguous, mixed-use development in the DC area.

Seldin led the successful Mission Lofts project in Falls Church, VA, which is an example of how a property can be transformed to meet changing market conditions. The 173,000 square foot office building was vacant for seven years and had seen its value plummet from $51 million to below $20 million. Three years later, as a now stabilized community of 156 Live/Work Loft style units, its value has risen to a level higher than its former high-water mark as an office only asset. Additionally, it was recently named the Best DC MSA Adaptive Reuse Apartment Community by Delta Associates.

“Mission Lofts was a vacant commercial office building with tall ceilings, big windows, an open floor plan, and ample parking that had outlived its use as a single purpose office structure. From its location at the intersection of two main roads, three miles from the Pentagon, it was a perfect fit for our live/work strategy,” said Seldin. “We gained approval to allow for live/work use in less time than most traditional ground-up zoning actions. At the same time, we helped to establish a new asset category in Fairfax County, VA, which has the second highest median household income county in the United States.”

 

About Madison Marquette

Madison Marquette is a leading private full-service real estate provider, investment manager, developer and operator headquartered in Washington, D.C. The company delivers integrated investment, development, leasing and management services to a diverse portfolio of 330 assets in 20 states and manages an investment portfolio valued at over $6.2 billion. The company partners with global, institutional and private investors to provide industry-leading investment and advisory services across asset classes -- including mixed-use, retail, office, medical, industrial, senior living and multi-family.

Following its 2019 merger with the Boston-based Roseview Group, Madison Marquette added capital markets, investment banking and corporate advisory services to its integrated capabilities. Founded in 1992, the company built its reputation on the successful development, repositioning and redevelopment of landmark mixed-use assets, and now leverages that performance legacy to provide clients with exceptional asset services and investment advice. Madison Marquette has a strategic bench of professionals providing nationwide service from 14 regional markets and is a member of the Capital Guidance group of companies.

 

Media Contact:

Peter Bartelme

[email protected]

415.664.1503

Renee Clark Earns Real Property Administrator (RPA®) designation through the Building Owners and Managers Association of Georgia (BOMA Georgia) and the Building Owners and Managers Institute (BOMI) International

Madison Marquette is pleased to announce that Renee Clark, General Manager, has earned the Real Property Administrator (RPA®) designation through the Building Owners and Managers Association of Georgia (BOMA Georgia) and the Building Owners and Managers Institute (BOMI) International.

Geared toward commercial property managers, the RPA® designation program involves rigorous coursework covering every aspect of property management, including building design and operations, budgeting, law, ethics, safety, investments and asset management. Those who complete this program are uniquely qualified to maximize income and minimize risk, and enhance the value of commercial real estate properties.

Renee is a 20-year veteran in the real estate industry with experience at many iconic projects in the Atlanta area, including 1180 Peachtree, Peachtree Center, Platinum Tower, Atlantic Station, Piedmont Center 9-12 and 10 10th Street.

Madison Marquette Continues to Build Retail Services Leadership with New Executive Vice President of Leasing & West Operations

Steve Toppel, Executive Vice President of Leasing & West Operations

 

Washington, DC — Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, today announces the the strategic addition of Steve Toppel, Executive Vice President of Leasing & West Operations, to its national Retail Services team.

Toppel will lead Madison Marquette’s retail leasing nationally and operations for the company’s Western United States portfolio, applying 30 years of commercial real estate experience.

In this national role, Toppel will be based in the firm’s Dallas office and will report to Madison Marquette’s President, Retail Services Gavin Farnam.

“The addition of Steve Toppel to our management and leasing leadership team is a great win for Madison Marquette” said Farnam. “Steve’s reputation in the industry is first class and we couldn’t be more excited to welcome him.”

Prior to joining Madison Marquette, he was Executive Vice President of Leasing & Legal at EB Arrow leading its national real estate portfolio, which included superregional and regional malls, high street retail, retail power centers and redevelopments. Steve also served on EB Arrow’s Executive Committee, Culture Committee and was the Sponsoring Real Estate Broker. He has held several senior level positions including: Executive Vice President of Leasing at Trademark Property Company; Senior Director of Leasing at General Growth Properties; Director of Leasing at The MGHerring Group/Trammell Crow Faison; Senior Leasing Representative at Clarion Realty Services; and, served in Vice President roles for real estate brokerage firms in Dallas.

He is also a faculty member of the ICSC, an instructor at The Wharton School at the University of Pennsylvania, and an adjunct professor and guest lecturer on retail leasing and market trends. In addition to his civilian career, Steve retired as a U.S. Navy Captain after a distinguished 30-year military career serving as a Naval Intelligence Officer that included major command positions and overseas tours of duty.

 

About Madison Marquette
Madison Marquette is a leading private full-service real estate provider, investment manager, developer and operator headquartered in Washington, D.C. The company delivers integrated investment, development, leasing and management services to a diverse portfolio of 220 assets in 16 states and manages an investment portfolio valued at over $6.2 billion. The company partners with global, institutional and private investors to provide industry-leading investment and advisory services across asset classes — including mixed-use, retail, office, medical, industrial, senior living and multi-family. Following its 2019 merger with the Boston-based Roseview Group, Madison Marquette added capital markets, investment banking and corporate advisory services to its integrated capabilities. Founded in 1992, the company built its reputation on the successful development, repositioning and redevelopment of landmark mixed-use assets, and now leverages that performance legacy to provide clients with exceptional asset services and investment advice. Madison Marquette has a strategic bench of professionals providing nationwide service from 14 regional markets and is a member of the Capital Guidance group of companies.

Madison Marquette Releases Inaugural 2021 Holiday Trends Report: Opportunities & Headwinds

Consumer and Retailer Trends Support a Robust Outlook for the Holiday Shopping Season

Washington, DC, November 10, 2021 – Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, today released its inaugural 2021 Holiday Trends Report: Opportunities & Headwinds, which anticipates record-setting consumer spending, a return to in-store shopping, and retailers scrambling to meet demand.

Madison Marquette’s report combines a range of 2021 forecasts and its own trends analysis to provide an inclusive outlook for the upcoming holiday season. The report highlighted that sales growth of 13% could exceed 1999 levels and how retailers are blurring the lines between digital and in-store shopping to maximize sales.

“Consumer spending momentum and their thirst to celebrate after last year’s lockdowns and missed milestones are driving a bullish retail sales outlook,” said Meghann Martindale, Madison Marquette’s Head of Retail Research.

Martindale also warned of wildcards that could cloud the holiday season outlook. “While retailers’ investments to overcome supply chain threats are likely to increase product prices and could impact overall sales, the 2021 holiday season will be remembered as a return to in-store shopping enhanced by digital discovery and purchasing,” Martindale said.

View the Full Report. Key trends identified in Madison Marquette’s analysis include:

Robust Retail Sales Outlook
According to a variety of forecasts, holiday retail sales are expected to grow 7% to 13%, the latter of which would make this holiday season the strongest since 1999. Consumer spending is expected to shift from last year’s homebody lifestyle purchases of athleisure wear, kitchen, home accessories, and electronics to more discretionary and impulse purchases on apparel, jewelry, handbags, accessories, and luxury items.

Supply Chain Threats to Sales Growth
High consumer demand is fueling an optimistic outlook for the holiday season, but several wildcards threaten retail sales, including persistent supply chain challenges, lack of products, and delivery delays. Challenges have forced retailers to enhance stopgap manufacturing, inventory, and distribution measures to meet consumer demand. However, retailers are hitting sales targets by drastically increasing spending on suppliers, logistics, freight, and labor costs. Retailers are trying to absorb most of the burden, but consumers should expect upward pressure on prices. Product shortages include chips for electronics toys, cotton for apparel, food and household staples, even Christmas trees, and décor. Gift cards and spending on experiences could grow more than expected with limited product availability.

Shopping Early & In-store
Consumers are shopping early to buy products amid uncertain supplies while returning to the in-store experience after an accelerated digital migration during the pandemic. According to Placer.ai, foot traffic at the top 100 U.S. malls and at most of Madison Marquette’s properties were back to 2019 levels by August. Consumers must prepare to pay higher prices, have multiple alternate gift ideas, and anticipate longer delivery windows. To retain customers, retailers will need to prepare their employees to help frustrated customers find what they want. Already, retailers are warning consumers early about the lack of product, earlier ship dates and suggesting substitutions for original gift ideas if they are sold out or unable to fulfill in time.

Digital Discovery: The Hybrid Reality
Digital discovery is key to captivating consumers on the path to purchase across all channels. The in-store experience is now more digitally engaging, while online and mobile shopping has evolved into a more immersive experience that mimics the physical store as much as possible. For the first time, Target kicked off Deal Days in October with offerings online, through the Target App, and at all Target stores, allowing shoppers to save across all channels. Social commerce is also one of the fastest-growing segments of retail. Consumers also are embracing live-streamed fashion shows, using artificial and virtual reality apps to try on cosmetics, apparel and accessories, and using personalized digital stylists for gifting this year.

 

 

About Madison Marquette
Madison Marquette is a leading private full-service real estate provider, investment manager, developer and operator headquartered in Washington, D.C. The company delivers integrated investment, development, leasing and management services to a diverse portfolio of 330 assets in 20 states and manages an investment portfolio valued at over $6.2 billion. The company partners with global, institutional and private investors to provide industry-leading investment and advisory services across asset classes — including mixed-use, retail, office, medical, industrial, senior living and multi-family. Following its 2019 merger with the Boston-based Roseview Group, Madison Marquette added capital markets, investment banking and corporate advisory services to its integrated capabilities. Founded in 1992, the company built its reputation on the successful development, repositioning and redevelopment of landmark mixed-use assets, and now leverages that performance legacy to provide clients with exceptional asset services and investment advice. Madison Marquette has a strategic bench of professionals providing nationwide service from 14 regional markets and is a member of the Capital Guidance group of companies.

Media Contact: Peter Bartelme, [email protected], 415-664-1503

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Madison Marquette Completes Long-Term Lease Renewal for Shell at 1000 Main

 

HOUSTON, November 2, 2021 – The Houston office of Madison Marquette today announced that Shell Oil Company, a subsidiary of Royal Dutch Shell plc (Shell) has signed a long-term lease extension for 259,000 square feet at 1000 Main in downtown Houston. Although the original lease was not due to expire until the end of 2025, Shell took an early decision to renew and will continue to occupy eight floors in the 837,161-square-foot Class A office tower.

Madison Marquette’s Wade Bowlin represented the landlord, Germany-based Union Investment, in the transaction, which marks the largest office lease signed in Houston’s CBD year-to-date. Cushman & Wakefield’s Tim Relyea and Joseph Peddie represented the tenant.

“Shell’s lease extension illustrates a rising trend among tenants for amenity-rich office space as they continue to respond to the COVID-19 pandemic,” says Bowlin, central regional president for Madison Marquette’s property services. “Investing in an amenity package elevates the workday routine and provides onsite access to conveniences that appeal to tenants who are fully or partially returning to the office after 16+ months working from home.”

The 1000 Main property is one of several office buildings and facilities used by Shell in the Houston area and is occupied mainly by the company’s Trading & Supply business in the United States.

In June 2021, the property opened a Gensler-designed amenity center to provide tenants alternative venues to the daily workstation along with a variety of spaces to retreat and refuel. The 12,500 square-foot tenant-exclusive lounge area is equipped with wi-fi and high-end finishes along with restaurant and lounge seating surrounding a barista style coffee station. A state-of-the-art conference center offers flexible options to accommodate up to 144 people with town hall seating, or a three-room configuration for board room and classroom style seating. A separate gaming area features two Top-Golf simulators, a pool table, shuffleboard and multiple TVs for an after-hours spot to watch a game or unplug with colleagues. Additional onsite amenities include a fitness center and training studio complete with automated spin and yoga classes, treadmills, free weights, spa-style locker rooms, towel service and quality personal care amenities.

Built in 2003, 1000 Main is a LEED-Platinum certified, 36-story office tower with approximately 42,470 square feet of retail. Located off Main Street and Lamar along the Metro Rail, 1000 Main is linked to the extensive Downtown Houston tunnel system which offers access to a variety of shops, services and additional dining options.

Photography of 1000 Main’s newly constructed amenity center is available for download here.

 

About Union Investment
Union Investment stands for forward-looking real estate investments worldwide. Our business model is underpinned by 55 years of real estate expertise. With assets under management of around EUR 49 billion, Union Investment is one of Europe’s leading real estate investment managers. The company invests in the office, retail, hospitality, logistics and residential sectors and holds around 440 commercial properties across 23 countries worldwide in its portfolio. In the US and Mexico Union Investment actively manages 34 properties worth a total of EUR 5.4 billion. For additional information, visit https://realestate.union-investment.com

About Madison Marquette
Madison Marquette is a leading private full-service real estate provider, investment manager, developer and operator headquartered in Washington, D.C. The company delivers integrated investment, development, leasing and management services to a diverse portfolio of 330 assets in 20 states and manages an investment portfolio valued at over $6.2 billion. The company partners with global, institutional and private investors to provide industry-leading investment and advisory services across asset classes -- including mixed-use, retail, office, medical, industrial, senior living and multi-family. Following its 2019 merger with the Boston-based Roseview Group, Madison Marquette added capital markets, investment banking and corporate advisory services to its integrated capabilities. Founded in 1992, the company built its reputation on the successful development, repositioning and redevelopment of landmark mixed-use assets, and now leverages that performance legacy to provide clients with exceptional asset services and investment advice. Madison Marquette has a strategic bench of professionals providing nationwide service from 14 regional markets and is a member of the Capital Guidance group of companies. For additional information, visit www.madisonmarquette.com.

Madison Marquette Expands Senior Living Platform with Development in Punta Gorda, Florida

(As appears on PR Newswire)

PUNTA GORDA, Fla., Aug. 16, 2021 -- Madison Marquette, a national private fully-integrated real estate services provider, investment manager, developer and operator, today announced the closing of a major construction loan and the start of the development in partnership with Saudi based Arbah Capital on a 135-bed senior living facility located in Punta Gorda Isles, Florida. This transaction marks the continued leadership of Madison Marquette in the senior living space – with the company recently having also developed with Arbah Capital a 117,000 square foot, 144 bed community in Brandon, in the Tampa market and invested in additional projects across the country. Madison Marquette partnered with Arbah Capital and Meridian Senior Living to secure the equity capital for the two Florida projects.

Mr. Mahmood Al-Kooheji, CEO of Arbah Capital, said "In these very unfortunate times, we still need to build for the future and provide facilities which truly take care of our elderly, which is an ever-growing need. This crisis has shown the even greater need for services to be provided with the greatest professionalism and care, and we are very pleased to partner with Madison Marquette as our developer, and Meridian Senior Living, our operator, whose facilities have been exemplary in the way they have coped in these difficult times. We are very pleased to have achieved financial close on the Punta Gorda property and look forward to developing the pipeline further."

Madison Marquette is adding the Punta Gorda facility to its senior living portfolio – which includes six communities in California, Washington and Michigan and additional senior living properties in Florida and Texas.

"We believe that senior living needs will be an integral part of the nation's healthcare delivery system going forward," said Amer Hammour, Chairman of Madison Marquette. "As such, providing quality housing and service is a growing area of focus for our company and an important step towards building value-based care and value-based investment for our stakeholders. We are appreciative to Arbah Capital for their confidence in us and are pleased with their valuable partnership in Punta Gorda. We look forward to working on several other investments with them. We are also pleased to have Meridian as an Operating partner for the property when it is completed. Arbah and Meridian are globally known for their capabilities in strong investment, financial and operations leadership and will assure success for this property," Mr. Hammour added.

The $37 Million Punta Gorda development is slated for completion/resident move-ins beginning in early Q1 2023 and will be operated by Meridian Senior Living, a premier operator currently managing over 75 communities with 7,000 residents across the country. The Class A, 116,000 square foot facility will be located on 4.4 acres on Aqui Esta Drive, about 10 minutes from the Tamiami Trail, in Punta Gorda. This development is optimally situated approximately 50 miles southeast of Sarasota and 25 miles north of Fort Myers. Banesco USA procured the necessary project debt. Diaz Fritz Group out of Tampa, Florida is the project's seasoned general contractor and St. Louis, Missouri's CASCO+R|5 is the architect.

Madison Marquette's healthcare services group, headed by Glen Perkins, has successfully executed the development of more than 60 healthcare facilities in recent years. These facilities join the Madison Marquette family of premier, state-of-the-art developments in retail, multifamily, office, hospitality and mixed-use properties across the United States.

 

About Madison Marquette

Madison Marquette is a leading private full-service real estate provider, investment manager, developer and operator headquartered in Washington, D.C. The company delivers integrated investment, development, leasing and management services to a diverse portfolio of 330 assets in 20 states and manages an investment portfolio valued at over $6.2 billion. The company partners with global, institutional and private investors to provide industry-leading investment and advisory services across asset classes -- including mixed-use, retail, office, medical, industrial, senior living and multifamily. Founded in 1992, the company built its reputation on the successful development, repositioning and redevelopment of landmark mixed-use assets, and now leverages that performance legacy to provide clients with exceptional asset services and investment advice. Madison Marquette has a strategic bench of professionals providing nationwide service from 12 regional markets and is a member of the Capital Guidance group of companies. For additional information, visit madisonmarquette.com.

 

About Arbah Capital

Arbah Capital is the First Islamic Boutique Investment firm in Eastern Region of Kingdom of Saudi Arabia, and thus embarked on an ambitious and visionary mission to provide investment solutions to their valued investors. Arbah aims to protect and enhance their investors' best financial interests while managing goals which are compatible with their profile and intended financial ambitions. For more information on Arbah Capital, go to arbahcapital.com.

 

About Meridian Senior Living

Meridian Senior Living, LLC, a privately held company based in Bethesda, MD, owns and operates senior living communities across the United States. With more than 70 communities in 21 states and more in development, Meridian one of the top 20 largest seniors housing operators in the U.S. The company prides itself on providing the highest quality care and an active lifestyle to their residents. For more information on Meridian Senior Living, visit meridiansenior.com.

 

Media Contact: David Ebeling, 949-861-8351, [email protected]

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Madison Marquette Elevates its National Retail Services Team by Adding Industry Leaders Meghann Martindale and Dave Brown

Meghann Martindale, Head of Retail Research, and Dave Brown, Head of Specialty Leasing

 

Washington, DC — Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, today announced the addition of Meghann Martindale as Head of Retail Research and Dave Brown as Head of Specialty Leasing to its national Retail Services team.

“Madison Marquette continues to enhance its retail capabilities with strategic hires in multiple platforms, including Specialty Leasing, Research and Consumer Marketing, and with new investments in our tools like Mass Mobile Data,” said Gavin Farnam, President Retail Services. “The addition of Meghann and Dave bring cutting-edge expertise and proven leadership to drive results through economic cycles and changing retail trends.”

Martindale will be responsible for building the retail research and thought leadership platform to support the leasing, property management, marketing, and investment teams. She provides practical application of her research and thought leadership to portfolio optimization and value creation from over 20 years of vast experience in retail real estate. Martindale joins Madison Marquette from CBRE, where she served as Global Head of Retail Research. In this key thought leadership role, she generated industry-leading research, trends analysis, forecasting and insights affecting the accelerating evolution of retail.

“Retail revolutionizes at an incredible pace and I'm eager to provide creative, research-based strategic thinking to investment solutions for Madison Marquette’s clients,” said Martindale.

Brown will lead Madison Marquette’s specialty leasing and sponsorship efforts for the firm’s retail portfolio, applying 30 years of retail real estate experience. Prior to joining Madison Marquette, he oversaw all of CBRE’s Specialty Leasing and Alternative Revenue programs that averaged +10% year over year specialty leasing increases at the property level.

“I pride myself on finding ways to maximize revenue at the asset level while getting buy in from ownership and management,” said Brown. “The depth of Madison Marquette’s retail services is exceptional.”

In addition to Brown and Martindale, Vince Costantini, CEO, noted the recent strategic addition of Gavin Farnam, President, and Heather Almond, Executive Vice President, to its national Retail Services team as part of its commitment to expanding its retail services leadership. With more than 37 years of combined real estate experience, Farnam and Almond will enhance connectivity across service lines as the firm invests in expanding its integrated service offerings to meet clients’ diverse business goals.

 

About Madison Marquette
Madison Marquette is a leading private full-service real estate provider, investment manager, developer and operator headquartered in Washington, D.C. The company delivers integrated investment, development, leasing and management services to a diverse portfolio of 330 assets in 20 states and manages an investment portfolio valued at over $6.2 billion. The company partners with global, institutional and private investors to provide industry-leading investment and advisory services across asset classes — including mixed-use, retail, office, medical, industrial, senior living and multi-family. Following its 2019 merger with the Boston-based Roseview Group, Madison Marquette added capital markets, investment banking and corporate advisory services to its integrated capabilities. Founded in 1992, the company built its reputation on the successful development, repositioning and redevelopment of landmark mixed-use assets, and now leverages that performance legacy to provide clients with exceptional asset services and investment advice. Madison Marquette has a strategic bench of professionals providing nationwide service from 14 regional markets and is a member of the Capital Guidance group of companies.

 

Media Contact: Peter Bartelme, [email protected], 415-664-1503

Madison Marquette Expands Retail Services Leadership with New President and Executive Vice President

Gavin Farnam, President, Retail Services, and Heather Almond, Executive Vice President, Retail Services

WASHINGTON, DC – Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, today announces the strategic addition of Gavin Farnam, President, and Heather Almond, Executive Vice President, to its national Retail Services team. With more than 37 years of combined real estate experience, Farnam and Almond will enhance connectivity across service lines as the firm invests in expanding its integrated service offerings to meet clients’ diverse business goals.

In these national roles, Farnam will be based in the firm’s San Francisco office and Almond in the Seattle office. The pair will report to Madison Marquette’s Chief Asset Services Officer Drew Genova.

“The addition of Gavin and Heather optimizes our retail practice and allows us to deliver innovative and scalable real estate strategies to our national client base. We are investing in expanding our integrated service offerings, and Gavin’s diverse expertise paired with Heather’s track record of growing NOI are a critical piece of that effort,” said Genova. “Their leadership will create unique synergies between Madison Marquette’s full-service platform and Retail Solutions investment arm, enhancing our ability to capitalize on market opportunities.”

Madison Marquette’s CEO Vince Costantini said, “These strategic hires augment the firm’s growth and scale by adding additional talented resources to an exceptional team of professionals across the country as we work to help our clients navigate through the current market disruption. Gavin and Heather’s leadership will also be integral to the expansion of opportunities in support of our retail and mixed-use joint venture investment practice.”

Farnam is a 17-year commercial real estate veteran that joins Madison Marquette from CBRE where he served as Managing Director and Retail Practice Leader for the firm’s retail property management business in the Americas. Farnam will lead the property management and leasing teams under Madison Marquette’s fully integrated retail platform, and will drive client and business development strategy.

Farnam said, “Madison Marquette has a strong retail brand. I’m excited to couple my owner and third-party service experience to deliver growth and returns to our investors and clients.”

Almond will lead property management and marketing strategy for Madison Marquette’s owned and third-party retail assets. She brings over 20 years of experience from two global leaders in the commercial and shopping center real estate industry. She most recently served as Director of National Retail Marketing at CBRE where she led consumer and property marketing for the firm’s national retail property management platform.

“My passion for creating engaging consumer environments and experiences aligns well with Madison Marquette’s legacy as an innovative placemaker and vision for its properties,” said Almond. “I’m excited to partner with Gavin and the property management and leasing teams to build on the longstanding reputation of Madison Marquette.”

About Madison Marquette
Madison Marquette is a leading private full-service real estate provider, investment manager, developer and operator headquartered in Washington, D.C. The company delivers integrated investment, development, leasing and management services to a diverse portfolio of 330 assets in 20 states and manages an investment portfolio valued at over $6.2 billion. The company partners with global, institutional and private investors to provide industry-leading investment and advisory services across asset classes -- including mixed-use, retail, office, medical, industrial, senior living and multi-family. Following its 2019 merger with the Boston-based Roseview Group, Madison Marquette added capital markets, investment banking and corporate advisory services to its integrated capabilities. Founded in 1992, the company built its reputation on the successful development, repositioning and redevelopment of landmark mixed-use assets, and now leverages that performance legacy to provide clients with exceptional asset services and investment advice. Madison Marquette has a strategic bench of professionals providing nationwide service from 14 regional markets and is a member of the Capital Guidance group of companies. For additional information, visit www.madisonmarquette.com.

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Madison Marquette Appoints Mauro Olivieri as General Manager at City Place Doral

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Mauro Olivieri , General Manager, City Place Doral

DORAL, FL—August 25, 2020—Madison Marquette, a leading private full-service real estate provider, investment manager, developer

and operator, announced today the appointment of Mauro Olivieri as General Manager at City Place Doral a master-planned, mixed-use development nestled in the heart of Miami-Dade County. In this role, Olivieri will manage the center’s daily property operations, special events, marketing, short-term and specialty income events, as well as achieving revenue targets for the center.

Prior to joining Madison Marquette, Olivieri was General Manager for Starwood Retail Partners, where he was responsible for Westland Mall, a regional 1 million square foot mall in Hialeah, Fl. He also served as General Manager for Gumberg Asset Management Corp’s Southland Mall in Miami where he was responsible for the financial, operations, marketing, leasing and administration of the center. He has also held positions as Leasing Specialist and Business Development Manager at Jones Lange LaSalle and Ocean View International Reality in Miami.

“I am delighted to welcome Mauro to the team at City Place Doral,” said Patty Nooney, EVP/Director of Operations for Madison Marquette’s East region. “His 18 year career as a shopping center GM has positioned him to jump right into this new role and we look forward to seeing his exciting improvements at the property.”

Olivieri is a graduate of Florida International University where he received a B.S. in International Business. He is a member of the International Council of Shopping Center, Hialeah Chamber of Commerce, National Hispanic Chamber of Commerce, Greater Miami Chamber of Commerce, and the Cutler Bay Chamber of Commerce.

 

ABOUT MADISON MARQUETTE

Madison Marquette is a leading private full-service real estate provider, investment manager, developer and operator headquartered in Washington, D.C. The company delivers integrated investment, development, leasing and management services to a diverse portfolio of 330 assets in 20 states and manages an investment portfolio valued at over $6 billion. The company partners with global, institutional and private investors to provide industry-leading investment and advisory services across asset classes — including mixed-use, retail, office, medical, industrial, senior living and multi-family. Following its 2019 merger with the Boston-based Roseview Group, Madison Marquette added capital markets, investment banking and corporate advisory services to its integrated capabilities. Founded in 1992, the company built its reputation on the successful development, repositioning and redevelopment of landmark mixed-use assets, and now leverages that performance legacy to provide clients with exceptional asset services and investment advice. Madison Marquette has a strategic bench of professionals providing nationwide service from 14 regional markets and is a member of the Capital Guidance group of companies. For additional information, visit www.madisonmarquette.com.

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Madison Marquette Opens The Travis in Houston

The 30-story Luxury Apartment Building Begins Welcoming Residents

HOUSTON, TX — July 8, 2020 — Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, announced today the opening of the Travis in the Midtown neighborhood of downtown Houston. The Travis is a 375,775 sq. ft. 30- story luxury apartment building featuring one, two and three bedroom apartments and two story penthouses. The apartments sit atop 14,000 Sq. ft. of luxury retail including a restaurant scheduled to open Q1-2021.

Interior features of the Travis apartments include floor-to-ceiling windows in every unit, separate shower and soaking tubs, vanities with custom dressers and walk-in closets, hardwood floors, 10-12 ft. ceilings, and quartz and granite fixtures throughout. The building’s community amenities include an aqua lounge with conference room, heated salt water pool, private cabanas with Bluetooth, fire pits, a grand lawn and 24-hour fitness center. The lobby combines a conference center and 24-hour coffee bar with concierge services, bike storage, package locker service, and on-site valet dry cleaning. A seven-story parking garage with reserved parking is also available for residents.

“We are delighted to introduce The Travis to the Midtown neighborhood of Houston,” said Madison Marquette Principal Rick Kirk. “Our new residences offer Houstonians a best-in-class combination of luxury amenities and design excellence while offering convenient access to local public transit.”

Located in the Midtown neighborhood of downtown Houston, near the six-acre Midtown Park, the Travis features Metro-Rail access with a five minute Northbound access to Downtown and a 10 minute Southbound access to the Texas Medical Center.

For additional information on The Travis, or to schedule a tour, visit www.thetravishouston.com.

About Madison Marquette

Madison Marquette is a leading private full-service real estate provider, investment manager, developer and operator headquartered in Washington, D.C. The company delivers integrated investment, development, leasing and management services to a diverse portfolio of 330 assets in 20 states and manages an investment portfolio valued at over $6 billion. The company partners with global, institutional and private investors to provide industry-leading investment and advisory services across asset classes — including mixed-use, retail, office, medical, industrial, senior living and multi-family. Following its 2019 merger with the Boston-based Roseview Group, Madison Marquette added capital markets, investment banking and corporate advisory services to its integrated capabilities. Founded in 1992, the company built its reputation on the successful development, repositioning and redevelopment of landmark mixed-use assets, and now leverages that performance legacy to provide clients with exceptional asset services and investment advice. Madison Marquette has a strategic bench of professionals providing nationwide service from 14 regional markets and is a member of the Capital Guidance group of companies. For additional information, visit www.madisonmarquette.com.

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