NEWS & NOTABLES
OAK BROOK, IL—The Inland Real Estate Group, LLC has promoted Tracy Le to president of its Inland Property Tax Services, LLC, a national property tax reduction consultancy. In her new role, Le will oversee property tax filings, appeals, assessment negotiations, audits, multi-state property tax compliance, tax projections and pre-acquisition tax due diligence for Inland's portfolio of commercial real estate properties as well as for external clients. “Tracy is an accomplished executive, bringing nearly 20 years of financial and accounting expertise to her new position, along with a deep knowledge and understanding of the many facets of property taxes within various sectors of commercial real estate,” said Tim Hutchison, chief operating officer of The Inland Real Estate Group, LLC. Le joined Inland in 2004 and has managed a portfolio of more than 900 properties.
CHICAGO—John Kennedy has joined Evergreen Real Estate Group, a developer, builder and manager of both affordable and market-rate multifamily properties, including communities for seniors and families, as executive vice president of operations. In addition, the firm has promoted Mary Mauney from regional supervisor to vice president of property management. In his newly created position, Kennedy will oversee Evergreen's national property management portfolio, which comprises more than 8,000 units. “As Evergreen continues to expand, we decided to create this role and bring on an industry veteran like John so we can more efficiently and effectively manage our rapidly growing portfolio across the US,” said Steve Rappin, president of Evergreen Real Estate Group. Prior to joining Evergreen, Kennedy was senior vice president at Related Management, with responsibility for the firm's 7,000-unit Midwest affordable housing portfolio.
As Evergreen's newly appointed vice president of property management, Mauney will work alongside Kennedy in managing the day-to-day operation of the firm's 8,000-unit portfolio. In addition, Mauney will continue to leverage her experience working with state and federal agencies to secure tax credits needed to finance new developments. “Mary has 30 years of experience in affordable housing and has been an integral part of our company for the past five years, contributing to the enormous growth we've experienced as we continue to enter new markets and increase market share,” said Rappin. Before joining Evergreen, Mauney worked as a regional property manager for two multifamily companies in Atlanta from 1986 to 2003, which focused on rural housing, Section 8 and low-income housing tax credit funding.
VERNON HILLS, IL—National civil engineering and surveying firm Manhard Consulting has appointed Kevin Coughlin, as the operations manager of its Chicago office, located in Chicago's River North area. He will oversee activities throughout the Chicago region, and will be the primary resource for project managers; reviewing the scope, schedule and cost benchmarks of current projects. Coughlin will also help manage client relations, help develop new business and guide the professional development of the Chicago team. “Kevin's expertise as a project manager and a team leader is key to the successful operations of our Chicago office,” said Don Manhard, Jr., president and chief executive officer of Manhard Consulting. “His vast experience and dedication to our industry positions Kevin as an invaluable resource to our company and our clients.”
ANN ARBOR, MI—Brookhaven Manor, a luxury senior living community in Ann Arbor, MI, has been named to the 2018 edition of SeniorAdvisor.com's “Best of Senior Living” program, a distinction it has earned every year since 2013, when the awards were first established. The awards, which are made on the basis of survey responses from residents, families and visitors, are presented to the top 1% of senior care providers across the US and Canada. To qualify for inclusion on the “Best of 2018” awards, providers must have maintained an average overall rating of at least 4.5 stars. Brookhaven Manor is a 140-unit, luxury retirement community offering one and two-bedroom apartments. Residents enjoy daily meals and café, housekeeping services, beauty shop, activities, transportation, paid utilities and more. Brookhaven is managed by FOURMIDABLE.
CHICAGO—JLL has appointed Cynthia Curtis as senior vice president for global sustainability stakeholder engagement. In this role, Curtis will work with key employees, clients and investors to further embed and effectively communicate sustainability capabilities across all JLL services. Prior to joining JLL, she was a senior advisor for policy and engagement at Ceres, a not-for-profit organization advocating for a sustainable economy through a network of investors and businesses. She also served as vice president and chief sustainability officer at CA Technologies. Curtis is a regular commentator on sustainability issues through social media and public speaking, and she designed and constructed one of the Boston area's first gold LEED-certified residences.
MINNEAPOLIS—United Properties has promoted Richard Student, senior vice president of investments, to executive vice president, asset management/finance, effective January 1. Student, a 23-year veteran of the firm, leads day-to-day business management for company assets and financing activities. Within asset management, he provides supervision and direction to property managers and leasing agents and is responsible for lease underwriting, lease negotiation and lease execution, as well as the management of property capital investment. Student joined United Properties in 1995 as assistant vice president. Prior to United Properties, he held financing positions at Allstate Life Insurance Co., The Balcor Co. and The Griffin Cos.
DEALTRACKER
CHICAGO—Irvine Company Office Properties announced this week that Andersen Tax LLC, one of the largest independent tax firms in the US, and JAMS, the largest private alternative dispute resolution provider in the world, have leased 45,000 square feet at 71 S. Wacker, the 48-story iconic trophy tower in downtown Chicago. Andersen Tax, founding member of Andersen Global, an international association of member firms, leased 26,000 square feet and will relocate from 222 W. Adams in May. JAMS will expand within 71 S. Wacker to 19,000 square feet. “Andersen Tax and JAMS are already customers in our CA portfolio so we're excited to expand our relationships with them in Chicago, and contribute to their accelerated success and growth,” said Beau Rawi, regional vice president, leasing, Irvine Company Office Properties. Todd Lippman and Jarrett Annenberg of CBRE represented JAMS. Steve Schneider of Cushman & Wakefield represented Andersen Tax. Brad Despot and Annie Nicolau of JLL represented the Irvine Company in both deals.
CHICAGO—Holliday Fenoglio Fowler, LP recently helped complete the sale and financing of Central Park of Lisle I and II, a two-building, class A office property totaling 693,546 square feet in the suburban Chicago community of Lisle, IL. The HFF team marketed the property on behalf of the seller, and procured the buyer, a joint-venture between GFH Financial Group BSC, Lincoln Property Co. and Crestlight Capital. Additionally, HFF worked on behalf of the buyer to secure financing through Citigroup. Central Park of Lisle I and II are at 4225 Naperville Rd. and 3333 Warrenville Rd. at the I-88 and Naperville Rd. interchange in the region's East-West submarket. Completed in 1991, Central Park of Lisle I is a seven-story building with 381,634 square feet. Central Park of Lisle II was built in 2001 and features eight stories of office space totaling 311,912 square feet. Combined, the properties are 86 percent leased to primarily credit tenants, including Armour-Eckrich Meats LLC, CA Technologies, Millward Brown (Kantar), EMC Corp. and Kone.
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