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BREAKING NEWS THE EVENTS Fontainebleau Las Vegas Reveals 20
Immersive Retail Experience The Jewish Museum 26th Annual Most Amazing New York Art & Design Tour
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Corenet Women’s Golf Outing Partners with Bees Trees Water
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UJA-Federation of New York’s Hospitality Division Honors Ian Schrager
Fontainebleau Development has revealed the first details for the new luxury retail experience to debut within Fontainebleau Las Vegas, the first luxury resort destination to be built on the Strip in 15 years. The project is scheduled to open in winter 2023, nearly 70 years after the company’s founding. The 90,000-square-foot shopping district will feature approximately 35 luxury retail concepts across two levels. The resort shopping district is conveniently connected and visible from the larger resort ecosystem, as every space will be neighboring, either adjacent or above, Fontainebleau's 173,000-square-foot casino, dining experiences and other offerings. Branding and design visionary Peter Ar-
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nell leads Fontainebleau's property-wide branding and design, partnering with firms including Rockwell Group, London-based David Collins Studio and other architects and designers.
REBNY Hosts Annual Golf & Tennis Outing
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CHIP’s 21st Annual Golf & Tennis Outing
Photo courtesy of PRNewswire28 15th Annual Hamptons Happening Supports SWCRF
InTheMarket Launches Interactive LOI Platform for CRE Leasing Brokers and Landlords COLLEGESCrohn’s & Colitis Foundation
InTheMarket (ITM), a new interactive deal platform for the CRE leasing industry, has soft launched its beta platform. ITM streamlines the LOI and transaction process for the commercial real estate leasing industry, delivering speed and data-capture to an analog and antiquated process. The ITM platform captures negotiated deal terms and tracks every change in real time, facilitating on-demand cash flows, NER calculations, comparison matrices and deal activity reports. “The platform is going to materially improve the way brokers and landlords negotiate lease terms, from initial proposal to the final term sheet, making the process easier and faster,” said Steven Renbaum, InTheMarket’s co-founder. “ITM's modern and real-time deal experience
DEPARTMENTS
8will have an immediate impact on an industry that's ripe for innovation,” added co-founder
One Mann’s Opinion Michelle Berliner. “With a focus on speed, transparency and data, this platform is the future of commercial leasing.”
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Steven Renbaum68 Michelle Berliner
Photo courtesy of PRNewswire Having a Voice: Student Input Aids Design of Pratt Residence
Kentwood Advantage Aids Colorado Homeowners, Buyers 8680 102
Tech Talk
To help Denver area homeowners sell in a shifting market, Kentwood Real Estate is launching its Kentwood Advantage program, powered by Zavvie. Sellers can now choose from an instant, all-cash offer from an iBuyer, a buy-before-you-sell modern bridge solution, and pre-listing home improvement services to fix now, pay when the home is sold on the open market to maximize seller profits. The program is available to homeowners and buyers in all the markets Kentwood serves, including the entire Denver Metro area and Northern, Western, Southern and Eastern Colorado.
Kentwood Advantage gives buyers access to new cash offer programs to help them quickly win an offer on a home. In addition, a new rent-to-own program helps first-time buyers get into a home of their own faster. Kentwood Advantage also offers traditional real estate services for sellers and buyers. Participating iBuyer, Power Buyer and concierge firms include Curbio, Divvy, Feeasy, HomeGo, HomeVestors, Offerpad and Opendoor.
The Articles Executive Changes
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Commercial Corner: Bruce Schanzer, president and CEO of Cedar Realty Trust
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By The Numbers:
More than Warehouses
Mag Mile Capital Closes $43.1M for Nashville Hotel
Francisco Nacorda, senior vice president of originations at Mag Mile Capital, closed a $43.1 million loan in connection with the development of a four-story hotel with a parking garage in the booming West End/Midtown region of Nashville, Tennessee. Situated close to Vanderbilt University, the hotel site is only a block away from Broadway.
The hotel, to be located at 2221 Elliston Place, will host 184 rooms and 70 parking spaces. The projected opening date is Summer 2023.
Mag Mile Capital is a boutique firm that offers preferred access nationwide to high-leverage, non-recourse, commercial real estate bridge loans, construction loans and permanent mortgages with cash out for hotels, self-storage, multifamily, industrial, retail, office and other commercial real estate
Premier Secures Contracts with Landstar Hotels and Door Capital Partners
Premier, an end-to-end project management firm specializing in the hospitality industry, has signed multiple contracts with Landstar Hotels (a hotel owner and hotel management company) and with Door Capital Partners — a private equity firm that invests in hotel assets. Premier will spearhead multimillion-dollar renovations of four North American properties for both Mexican-based entities, respectively, giving them the necessary confidence to break into the U.S. market.
Premier’s services includes architecture, interior design, procurement and project management. It will spearhead the comprehensive transformation of two hotels for Door Capital Partners. These include Holiday Inn Express in Cleveland, Texas and La Quinta Inn and Suites in Cedar Park, Texas. The firm will be responsible for the full renovation of the public areas and guest rooms. For Landstar Hotels, the team at Premier will execute the renovation of two select-service hotels in Texas: Holiday Inn Express in downtown El Paso and a Courtyard by Marriott in Laredo.
Architecture, design and strategy firm Nelson Worldwide is welcoming back Richard Wilden as mixed-use design leader of its Alpharetta, Georgia office. He will lead master planning and architectural design, leveraging his experience designing complex mixeduse projects and ability to conceptualize projects throughout the design phases.
Wilden brings over three decades of expertise in complex mixed-use design and planning, urban design and master planning. His architectural education history in design theory has contributed to the design approach he has spearheaded throughout his career — providing real-world exposure to the constructability, building systems technology and business aspects of architecture.
He is actively involved in industry associations and currently co-leads the ULI Cleveland District Council’s Technical Assistance Panel (TAP) initiative. He works directly with organizations and professionals in addressing development and urban planning issues.
Photo via PRNewswire
Photo via PRNewswire
Photo courtesy of Nelson
