Capstone Development

NORMAN JENKINS ELECTED TO RE/MAX HOLDINGS, INC. BOARD OF DIRECTORS

Retrieved on: 
Wednesday, May 31, 2023

DENVER, May 31, 2023 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first-and-only national mortgage brokerage franchise brand in the U.S., today announced that its stockholders elected Norman Jenkins to its Board of Directors at the Company's annual meeting of stockholders on May 24, 2023. Stockholders also voted to re-elect Roger Dow, Laura Kelly and Katherine Scherping.

Key Points: 
  • "Norm will be an outstanding new voice on the Board," said Dave Liniger, RE/MAX Co-Founder and Chairman of the Board.
  • Currently, Jenkins is President and Chief Executive Officer of Capstone Development, a role he's held since 2009 when the company was founded.
  • Jenkins is a member of The Developer Roundtable in Washington, D.C., and is a former member of the Suburban Hospital Board of Trustees and the Howard University Board of Trustees.
  • Jenkins succeeds retiring Director Ronald Harrison, who served on the RE/MAX Holdings Board since RE/MAX Holdings was founded in connection with its 2013 initial public offering.

Barings Provides Financing on Courtyard/Residence Inn By Marriott Washington Downtown Convention Center

Retrieved on: 
Wednesday, April 19, 2023

Barings, one of the world’s leading investment managers, announced today that it has provided a $101.5 million bridge loan to refinance the existing construction loan on the Courtyard/Residence Inn By Marriott Washington Downtown Convention Center (“the Hotel”).

Key Points: 
  • Barings, one of the world’s leading investment managers, announced today that it has provided a $101.5 million bridge loan to refinance the existing construction loan on the Courtyard/Residence Inn By Marriott Washington Downtown Convention Center (“the Hotel”).
  • Located in downtown DC across the street from the Walter E. Washington Convention Center, the Hotel is a select-service dual branded Marriott Hotel developed by Quadrangle Development Corporation and Capstone Development, LLC.
  • The 11-story hotel opened in November 2018 and contains 504 rooms outfitted with modern amenities.
  • “Quadrangle is a leading full-service real estate developer and investor in the Washington, DC area, and we are excited to be partnering with them on this high-quality asset that is already exhibiting accelerated operational performance,” said Lisa Katz, Managing Director with Barings.

Urban Edge Properties Announces Appointment of Mary L. Baglivo to Board of Trustees

Retrieved on: 
Thursday, August 25, 2022

Urban Edge Properties (NYSE: UE) today announced the appointment of Mary L. Baglivo to the Companys Board of Trustees, effective September 1, 2022.

Key Points: 
  • Urban Edge Properties (NYSE: UE) today announced the appointment of Mary L. Baglivo to the Companys Board of Trustees, effective September 1, 2022.
  • Ms. Baglivo has considerable experience with ESG initiatives and has served as a member of Corporate Responsibility Committees among her many board roles.
  • Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region.
  • Urban Edge owns 76 properties totaling 17.2 million square feet of gross leasable area.

Nightfood Cookies to be Gifted at the National Association of Black Hotel Owners, Operators & Developers Annual Summit

Retrieved on: 
Monday, July 11, 2022

NABHOOD has arranged for each of the hundreds of attendees to receive a sample of Nightfood sleep-friendly cookies upon registration.

Key Points: 
  • NABHOOD has arranged for each of the hundreds of attendees to receive a sample of Nightfood sleep-friendly cookies upon registration.
  • Were grateful for the opportunity to introduce Nightfood to NABHOODs illustrious members and attendees, commented Nightfood CEO Sean Folkson.
  • Management believes widespread national hotel distribution of Nightfood ice cream, Nightfood cookies, and other Nightfood snacks can help advance and establish the sleep-friendly nighttime snacking category it is pioneering.
  • For more information about the National Association of Black Hotel Owners, Operators & Developers (NABHOOD), visit http://www.NABHOOD.com , contact [email protected] or call 954-792-2579.

EVENTS DC BOARD OF DIRECTORS APPROVES SALE OF LAND BENEATH MARRIOTT MARQUIS

Retrieved on: 
Friday, June 10, 2022

WASHINGTON, June 10, 2022 /PRNewswire/ -- Events DC, the official convention and sports authority of the District of Columbia, announced that its board of directors voted yesterday to approve the sale of land it owns beneath the Marriott Marquis hotel in downtown DC to the hotel developer. A portion of the proceeds from the sale – approximately $10 million -- will fund grants that provide financial assistance to qualified nonprofit cultural institutions based in the District. The funding is intended to aid organizations with needed resources during the recovery phase of the pandemic. These institutions that engage in the management, interpretation and distribution of cultural and artistic knowledge and offer and promote activities meant to inform, educate attract visitors and residents to DC.

Key Points: 
  • WASHINGTON, June 10, 2022 /PRNewswire/ -- Events DC, the official convention and sports authority of the District of Columbia, announced that its board of directors voted yesterday to approve the sale of land it owns beneath the Marriott Marquis hotel in downtown DC to the hotel developer.
  • "We thank our partners at Events DC, Quadrangle Development Corporation and Capstone Development for their continued support and investment in our local economy."
  • The sale is the result of a stipulation in the original lease signed in 2010 that granted the hotel developer the option to purchase the land where the hotel currently sits from Events DC and the DC government.
  • "This landmark hotel has been vital to transforming this area into an events and entertainment destination," said Max Brown, Chairman of the Board of Directors of Events DC.

Urban Edge Properties Announces Appointment of Norman Jenkins to Board of Trustees

Retrieved on: 
Thursday, November 18, 2021

Urban Edge Properties (NYSE:UE) today announced the appointment of Norman K. Jenkins to the Companys Board of Trustees effective November 22, 2021.

Key Points: 
  • Urban Edge Properties (NYSE:UE) today announced the appointment of Norman K. Jenkins to the Companys Board of Trustees effective November 22, 2021.
  • Mr. Jenkins also serves on the board of directors of Duke Realty (NYSE: DRE) and AutoNation, Inc. (NYSE: AN).
  • Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region.
  • Urban Edge owns 75 properties totaling 16.4 million square feet of gross leasable area.

AutoNation Names Norman K. Jenkins to Board of Directors

Retrieved on: 
Tuesday, December 15, 2020

FORT LAUDERDALE, Fla., Dec. 15, 2020 /PRNewswire/ --AutoNation, Inc. (NYSE: AN), America's largest and most recognized automotive retailer, today announced that its Board of Directors appointed Norman Jenkins to the AutoNation Board, effective December 14, 2020.

Key Points: 
  • FORT LAUDERDALE, Fla., Dec. 15, 2020 /PRNewswire/ --AutoNation, Inc. (NYSE: AN), America's largest and most recognized automotive retailer, today announced that its Board of Directors appointed Norman Jenkins to the AutoNation Board, effective December 14, 2020.
  • "We are pleased to have Norman join the AutoNation Board," said Mike Jackson, AutoNation's Chairman andChief Executive Officer.
  • Mr. Jenkins is President and Chief Executive Officer of Capstone Development, a privately held firm he founded in 2009.
  • In addition, Mr. Jenkins is a former member of the Suburban Hospital Board of Trustees and the Howard University Board of Trustees.

New Senior Announces Election of Norman K. Jenkins to Board of Directors

Retrieved on: 
Monday, November 23, 2020

New Senior Investment Group Inc. (New Senior or the Company) (NYSE: SNR) announced today the election of Norman K. Jenkins, President, Chief Executive Officer and Managing Partner of Capstone Development, LLC, as an independent director to the Companys Board of Directors (the Board), effective immediately.

Key Points: 
  • New Senior Investment Group Inc. (New Senior or the Company) (NYSE: SNR) announced today the election of Norman K. Jenkins, President, Chief Executive Officer and Managing Partner of Capstone Development, LLC, as an independent director to the Companys Board of Directors (the Board), effective immediately.
  • On behalf of the Board of Directors of New Senior, we are very pleased to have Norman Jenkins joining us.
  • Mr. Jenkins has served on the Board of Directors of Duke Realty Corporation, a publicly-traded industrial REIT, since 2017.
  • In addition, Mr. Jenkins is a former member of the Board of Trustees of Suburban Hospital and the Howard University Board of Trustees.

Capstone Reaches Financial Close on Development of New On-Campus Student Housing Project at San Diego State University

Retrieved on: 
Tuesday, June 2, 2020

DENVER, June 2, 2020 /PRNewswire-PRWeb/ --Capstone Development Partners, a national student housing real estate developer specializing in on-campus public-private partnerships ("P3"), is pleased to announce it has closed on a traditional debt and equity financing for a new on-campus student housing community ("Project") at San Diego State University ("University").

Key Points: 
  • DENVER, June 2, 2020 /PRNewswire-PRWeb/ --Capstone Development Partners, a national student housing real estate developer specializing in on-campus public-private partnerships ("P3"), is pleased to announce it has closed on a traditional debt and equity financing for a new on-campus student housing community ("Project") at San Diego State University ("University").
  • I'm excited to see the Project address the ongoing need for more cost effective housing options for students at SDSU."
  • This is Capstone's second P3 partnership with the Foundation, having developed the M @ College student housing facility in 2018.
  • Capstone Development Partners, LLC is a leading national student housing real estate developer specializing in on-campus public-private partnerships.

Capstone to Develop New On-Campus Mixed-Use Student Housing Project at Arizona State University Downtown Campus

Retrieved on: 
Wednesday, February 12, 2020

BIRMINGHAM, Ala., Feb. 12, 2020 /PRNewswire-PRWeb/ -- Capstone Development Partners ("Capstone"), a national student housing real estate developer specializing in on-campus public-private partnerships ("P3"), is pleased to announce it has closed on tax-exempt financing for a new on-campus student housing community ("Project") on the Downtown Phoenix campus of Arizona State University.

Key Points: 
  • BIRMINGHAM, Ala., Feb. 12, 2020 /PRNewswire-PRWeb/ -- Capstone Development Partners ("Capstone"), a national student housing real estate developer specializing in on-campus public-private partnerships ("P3"), is pleased to announce it has closed on tax-exempt financing for a new on-campus student housing community ("Project") on the Downtown Phoenix campus of Arizona State University.
  • This is Capstone's third P3 with Arizona State University and its second on the Downtown Phoenix campus.
  • Capstone Development Partners, LLC is a leading national student housing real estate developer specializing in on-campus public-private partnerships.
  • Studio Ma's public-private partnership projects for student housing, including those at Princeton University and Arizona State University, have been recognized with multiple awards from the Society of College and University Planners, Student Housing Business and the American Institute of Architects.