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Madison Marquette Earns Three ICSC MAXI Awards: One Gold, Two Silver

Retail Real Estate Firm Recognized for Marketing Expertise and Professional Excellence

Washington, DC — March 25, 2022 — Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, today announced it has earned three coveted and highly competitive MAXI awards from ICSC during the prestigious Global Awards Ceremony held during the ICSC Las Vegas conference earlier this week. The MAXI Awards recognize innovative events, programs and technologies that add value to the marketplaces industry. Award categories are designed to recognize the evolution of the industry while rewarding creativity and innovation.

“We are incredibly proud to announce that Madison Marquette and its shopping centers have earned one gold and two silver MAXI awards at the recent Global Awards Ceremony in Las Vegas,” says Gavin Farnam, President Retail Services, Madison Marquette. “These awards truly showcase the dedication, collaboration and execution that goes into activating top-quality retail real estate as well as the incredible management, marketing and specialty leasing expertise that led to each win. This year’s MAXI awards were incredibly competitive with 70 finalists and 59 winning entries representing 13 countries around the world, making the stakes especially high and the rewards even more gratifying.”

Winning Entries: 2022

Madison Marquette’s CityPlace Doral earned a gold award in the Experiential category for exemplary work in devising unique activations for vacant spaces. The company’s two silver awards were both in the Revenue category: The “Salud to Summer” entry showcased the creative way CityPlace Doral raised revenue for the center while enticing COVID-weary shoppers back to its retailers, and the Pop-Up & Grow program drew attention to the innovative strategies multiple Madison Marquette centers used to meet revenue forecasts, each participating in a joint program that earned more than $1.2 million. To view the winning entries in their entirety, click here. The winning entries included:

CityPlace Doral: “DORCAM Pop-Up Exhibitions & Fashion Art Design”: Gold Winner (Experiential + <500Ksf)

CityPlace Doral: “Modelo ‘Salud to Summer’ Art Experience”: Silver Winner (Revenue + <500Ksf)

Madison Marquette: “Pop-Up & Grow”: Silver Winner (Revenue)

 

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:

Deborah Blackford, Blackford & Associates

[email protected]

714.280.8765

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.

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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 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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Experts Across Property Sectors Share Best Practices on Coronavirus Safety (WEBINAR)

Within a matter of weeks, the novel coronavirus disease 2019 (COVID-19) has gone from being a public health concern in China to becoming one across the globe, including the United States. Spreading at least as rapidly as COVID-19 itself have been fear and misinformation.

With a view toward promoting the exchange of reliable information along with best practices, Connect Commercial Real Estate on Tuesday gathered experts representing each of the major property types for a 40-minute webinar on the impact of COVID-19.
Their focus: the measures each is taking to promote a safer environment within their properties, for tenants and visitors alike. Daniel Ceniceros, CEO of Connect Commercial Real Estate, moderated the discussion.

The panelists included:

  • Julianne B. Goodfellow, senior director, government affairs, National Multifamily Housing Council
  • Mark Duclos, president & co-founder, Sentry Commercial & SIOR President
  • Kiersten H. Pearce, VP, member engagement & services, American Hotel & Lodging Association
  • Anjee Solanki, national director retail services | USA, Colliers International
  • Drew Genova, chief asset services officer, Madison Marquette
  • Michael Oddo, founder & president, Metro Services Group
  • Laura Boyd, property risk program manager, Pinnacle
  • Jeff Herrera, senior general manager, Rising Realty Partners

Although common sense plays a major part in the COVID-19 strategies across these property types—for example, encouraging people to wash their hands regularly—there are also considerations unique to each sector.

A retail environment, for example, may see hundreds of shoppers coming and going on a daily basis, while multifamily properties offer community spaces such as gyms and saunas. Panelists addressed these considerations in the course of the conversation.

Also on the agenda was the business impact of COVID-19, which, of course, is evolving and varies from one sector to another. Connect Commercial Real Estate plans to reconvene the panelists in a few weeks for an update.

Meanwhile, the webinar is available for replay in the recording below.

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Madison Marquette Selected as Property Manager for CityPlace Doral

Iconic Florida Center Appoints Industry-Leading Expert for Asset Services
WASHINGTON, DC—February 26, 2020–Madison Marquette, a leading private full-service real estate provider, investment manager, developer and operator, announced today it has been selected by CityPlace Doral to provide property management and marketing services for City Place Doral, the iconic 240,000 Sq. Ft. center located in Doral Florida. CityPlace Doral, developed by The Related Group in partnership with PGIM Real Estate, is a master-planned, mixed-use development nestled in the dynamic employment heart of Doral in Miami-Dade County (FL).

“We are delighted to have been awarded this important assignment at CityPlace Doral,” said Patty Nooney, EVP-Operations East, Madison Marquette.  “The Related Group and PGIM Real Estate have created a unique and exciting live-work-play destination at CityPlace Doral and we are excited to add our expertise to the appealing dining, entertainment and upscale shopping amenities.”
CityPlace Doral is a master-planned, mixed-use development combining the vision of world-renowned architects, designers and artists into a thriving destination in one of South Florida’s fastest growing cities.  The project offers 240,000 square feet of retail space including more than 40 dining, shopping and entertainment options, 700 multi-family units and 120 luxury small family homes.

“We are enthusiastic to join forces with Madison Marquette to bring City Place Doral to the next level as the most dynamic live-work-play environment in South Florida,” said William Shewalter, Senior Vice President of Development, Related Development.

Madison Marquette is nationally recognized for its successful development, and management of landmark mixed-use assets and now leverages that performance legacy to provide clients with exceptional asset services and investment advice.

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 over 620 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.

About PGIM Real Estate
PGIM, the global investment management business of Prudential Financial, Inc. (NYSE: PRU), is one of largest real estate investment managers in the world, with more than $175.9 billion1 in gross real estate assets under management and administration, as of September 30, 2019. Through its PGIM Real Estate and PGIM Real Estate Finance businesses, PGIM leverages a 140-year history of real estate lending on behalf of institutional and middle-market borrowers2, a 49-year legacy of investing in commercial real estate on behalf of institutional investors, and the deep local knowledge and expertise of professionals in 31 cities around the world.

PGIM Real Estate, the real estate investment management business of PGIM, has been redefining the real estate investing landscape since 1970. Combining insights into macroeconomic trends and global real estate markets with excellence of execution and risk management, PGIM Real Estate’s tenured team offers to its global clients a broad range of real estate equity, debt, and securities investment strategies that span the risk-return spectrum and geographies. For more information, visit www.pgimrealestate.com.
1 AUA equals $34.5 billion and the net AUM globally includes $49.8B for PGIM Real Estate.
2 Includes legacy lending through PGIM’s parent company, Prudential Financial, Inc.

Developer Behind DC’s $2.5 Billion Wharf Aims to Build Something Bigger

Amer Hammour Talks About His Plans to Grow Madison Marquette

Madison Marquette Appointed Management of Maitland Concourse in Orlando

The Three-Building Class A Office Portfolio Is Owned by Warmack Investments

ORLANDO, FL—December 9, 2019—Madison Marquette, a leading national real estate investment manager, service provider, developer and operator, announced today it has been appointed to provide property management, engineering, and accounting services at Maitland Concourse, a three-building Class A office portfolio in Orlando, Florida. Located in the dynamic Maitland submarket, the project totals 136,683 Sq. Ft. and features a park-like atmosphere for its tenants, and convenient access to major thoroughfares.

Madison’s eastern region team will oversee management of all three buildings, which are currently at 90% occupancy, with notable tenants including Sonny’s BBQ, BB&T, and Westcor Land Title Insurance Company.

“Madison Marquette’s appointment to manage Maitland Concourse will ensure that tenants continue to enjoy the highest level of building operations and services,” said Patty Nooney, EVP, Director of Operations, East. “We are thrilled to expand our relationship with Warmack Investments in this capacity, and look forward to our continued commitment to providing our management services to their projects.”

Melissa Edgin will serve as the Property Manager for Maitland Concourse. Madison Marquette also manages Millenia Park One, a 157,291 square foot Class-A office building in Orlando.

 

About Madison Marquette

Madison Marquette is a leading private real estate investment manager, service provider, developer and operator headquartered in Washington, D.C.  As a full-service real estate provider, 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 over 620 professionals providing nationwide service from 14 regional markets and is a member of the Capital Guidance group of companies.

 

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