Mesa West Originates $26.1 MM Mezz Loan for Alexandria, VA Office to Multifamily Conversion

Mar 15, 2024 | Books, Business

1101 King Street, Alexandria, Va

1101 King Street, Alexandria, Va

LOS ANGELES – March 13, 2024 – PRLog — Mesa West Capital has provided American Real Estate Partners (AREP) with a $26.1 million mezzanine loan to facilitate the conversion of a 200,000-square-foot office building into a 199-unit multifamily community in Old Town Alexandria, VA, a thriving historic community less than eight miles south ofWashington, DC.

The five-year interest-only mezzanine loan was originated by investment funds managed by Mesa West Capital, a debt investment manager offering owners and investors a wide variety of financial solutions throughout the capital stack to help navigate today’s challenging economic environment. The loan is part of an overall debt package that provided 67.5% loan-to-cost financing with a $61.8 million first mortgage construction loan originated by Bank OZK.

Built in 1984, the seven-story 1101 King Street is located in Old Town Alexandria, a historic and highly desirable submarket of Washington, DC. The sponsor will transform the former office building, and reposition as City House Old Town, a best-in-class residential product in the heart of Old Town Alexandria. The luxury community will offer seven floorplans ranging from 572-square foot junior one-bedroom units to 1,394-square foot three bedroom, two-and-a-half bathroom units. Each apartment home will feature 9-foot ceilings and condo-quality finishes, including stainless steel appliances, quartz countertops and custom closets. The majority of the homes will feature expansive open-air terraces. Resident amenities will include a landscaped courtyard garden and roof top deck, lobby lounge, private club suite, fitness center, pet spa and concierge services.

“The transaction presented an opportunity to originate a moderate leverage mezzanine loan on a multifamily property located in the high barrier to entry market of Old Town Alexandria,” said Mesa West Executive Director Matt Snyder, who helped lead the Chicago and New York-based origination team along with Vice President Brian Hahn and Associate Jonah Sacks. “This has created a huge supply/demand imbalance for renters who want to take advantage of the neighborhood’s historic charm, strong retail amenity base and easy commute to Washington, DC and the area’s other major employment hubs.”

The financing was arranged by Joe Donato, Kevin Ridgway and Andrew Gaffney of Newmark.

About Mesa West Capital, LLC

Mesa West Capital (http://www.mesawestcapital.com) is a leading commercial real estate debt fund manager and portfolio lender. With offices in Los Angeles, New York, Chicago and San Francisco, Mesa West has been one of the leading providers of commercial real estate debt since its founding in 2004. Mesa West provides non-recourse first mortgage loans for core/core-plus, value-added or transitional properties throughout the United States. Mesa West’s lending portfolio includes all major property types with loan sizes ranging from $20 million up to $400 million. Since inception, the firm has sourced and closed more than 300 transactions totaling over $20 billion.

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Woodrow Wilson Presidential Library to host First Air Force One speaker

Mar 15, 2024 | Books, Business

Join the Woodrow Wilson Presidential Library & Museum (WWPL) on Monday, March 18 at 7 P.M. to hear Mr. Phil Douglas, Executive Director of First Air Force One, speak on the history of the first plane to be called “Air Force One.”

STAUNTON, Va. – March 13, 2024 – PRLog — Join the Woodrow Wilson Presidential Library & Museum (WWPL) on Monday, March 18 at 7 P.M. to hear Mr. Phil Douglas, Executive Director of First Air Force One, speak on the history of the first plane to be called “Air Force One.” President Eisenhower’s presidential airplane resides locally in Bridgewater, Virginia. Mr. Douglas and his organization have the mission of restoring it to its former glory. The history of the First Air Force One is incredibly unique. From carrying the President to being forgotten in the desert, the timeline of the First Air Force One’s life is a story all its own. First Air Force One will be restored to “as new” condition – like it just came off the assembly line or better.

First Air Force One is a 501c3 formed in October 2022 to own, oversee the restoration of, and conduct the ongoing operations of President Eisenhower’s original presidential aircraft.  This was the very first aircraft to go by the call sign Air Force One.  It is a 1948 Lockheed Constellation that was commissioned by President Eisenhower in November 1952, named Columbine II by Mamie Eisenhower, and served as the president’s primary air transport until November 1954 and was the principal backup aircraft until October 1959.

This event will be held in-person at the WWPL Archives & Research Center at 235 E. Beverley St. It will also be available virtually via Zoom. Please register for this event on the WWPL website: https://www.woodrowwilson.org/up-coming-events/2024/3/18/….

The Woodrow Wilson Presidential Library & Museum is an educational institution dedicated to the study of the life of President Wilson and the times in which he lived. In addition to welcoming museum visitors from around the world, the Presidential Library produces online and in-person educational programming for people of all ages.  The Museum is located at 20 N. Coalter Street, Staunton VA. For questions or additional information, please contact Karen Dodson, Special Assistant for Development Initiatives at 540-885-0897 ext. 113, or visit www.woodrowwilson.org.

Davis Street Community Center Announces Retirement Event and Launches Rose Johnson Fund

Mar 15, 2024 | Books, Business

SAN LEANDRO, Calif. – March 12, 2024 – PRLog — San Leandro, CA – [03/12/24] – Davis Street Community Center is proud to announce a momentous occasion in its history as it celebrates the retirement of its esteemed CEO, Rose Padilla Johnson, after 32 ½ years of dedicated service. The retirement event, scheduled for Thursday April 11th, from 5pm to 8:30pm, will be a tribute to Rose’s unwavering commitment to transforming lives and communities.

Rose Padilla Johnson’s legacy at Davis Street spans back to 1991, when the organization operated within the humble confines of San Leandro First Christian Church at 1190 Davis Street. From its modest beginnings of offering food and clothing, Davis Street has undergone a remarkable transformation under her stewardship. Today, it stands as a cornerstone of the community, housing San Leandro’s newest Federally Qualified Health Center, facilitating Alternative Payment Programs for free childcare, and providing essential services for adults with disabilities—all under one expansive roof at 3081 Teagarden Street. Yet, amidst its growth and diversification, Davis Street remains faithful to its foundational mission of addressing basic community needs. The organization continues to distribute bags of fresh food and produce daily, ensuring that no one in the community goes hungry. Rose Padilla Johnson’s unwavering dedication has not only lifted individuals and families out of poverty but has also fostered a nurturing environment where all members of the community can thrive, regardless of their circumstances.

Recognized for her exceptional contributions to the community, Rose Padilla Johnson has received numerous accolades, including the Community Impact Lab Award and the prestigious title of 2015 Woman of the Year in the 18th Assembly District.

To honor Rose’s enduring legacy, The Davis Street Foundation is delighted to unveil the establishment of the Rose Padilla Johnson Legacy Fund. This fund will serve as a perpetual source of support for Davis Street and its vital programs, safeguarding Rose’s visionary mission for generations to come.

“As we embark on a new chapter in Davis Street’s history, the creation of the Rose Padilla Johnson Legacy Fund marks a profound milestone. This fund embodies our gratitude for Rose’s tireless leadership and embodies our pledge to continue her legacy of empowerment and support for our community.” – Gordon Galvan, Board President

The retirement celebration will take place at San Leandro’s Net Zero Building, 14600 Catalina Street, San Leandro; and, we invite members of the San Leandro community and beyond to join us in commemorating Rose’s achievements and raising funds to continue Davis Street’s mission. Your support is vital in helping us meet the growing needs of families and individuals facing the unique challenges of today.

For more information about the retirement event, the Davis Street Foundation, or to purchase tickets, please contact Reed Milnes at rmilnes@davisstreet.org.

About Davis Street Community Center:

Davis Street is a nonprofit organization serving low-income families and seniors in the San Leandro, San Lorenzo, Castro Valley, Ashland, Cherryland, and the Eden area. Services include medical, dental, and behavioral health care, services for adults with disabilities, food and clothing assistance, subsidized child care, and housing.

Media Contact:

Grace LemMon

Marketing and Communications Coordinator

Davis Street Community Center | San Leandro And Eden Area (https://davisstreet.org/)

(510)347-4620×108

glemmon@davisstreet.org

Mirage Esports Inc. Addresses Allegations of Non-Payment Amidst New Season Kickoff

Mar 15, 2024 | Books, Business

By: Mirage esports inc.

TORONTO – March 11, 2024 – PRLog — As the new season of the North America League begins, Mirage Esports Inc. is eager to focus on the future and the excitement that competitive play brings. However, recent allegations made by former members of our organization regarding non-payment have necessitated this response to clarify the situation to our fans, partners, and the broader esports community.

Mirage Esports Inc. wishes to address these claims transparently and directly. Early in the previous season, agreements were reached between management, our players and staff regarding structured payment schedules. Given the challenges faced by the company, including periods of inactivity, it was mutually agreed that players would receive partial payments at varying frequencies until the outstanding amounts were complete. These agreements have been honored by Mirage as well as its administrators, ensuring that despite financial hurdles, our commitments to our players were kept and that payments continue. Payment structures for players that participated in the last stage of 2023 have not yet been finalized.

Throughout this period we received assurances from the players and the coaching staff who had made these arrangements with us, that these steps were  acceptable. Everyone involved agreed to work together in good faith to navigate the company’s financial constraints, recognizing the global economic challenges impacting many organizations, including those in the esports sector.

Mirage Esports Inc. takes these allegations seriously and is committed to resolving any misunderstandings or grievances. We maintain exhaustive records of all transactions and communications with our players and staff, underscoring our commitment to transparency and accountability.

As we step into a new season, our focus is on building a positive and competitive environment for our current roster and reinforcing our commitment to the values that have kept Mirage Esports passionate about Siege’s competitive environment. We are here to compete at the highest levels, support our players in achieving their best, and provide our fans with the thrilling esports action they love.

Mirage Esports Inc. remains dedicated to fostering talent and growing the esports ecosystem. We are moving forward with renewed vigour, additional support and are excited about what the future holds for our team in the North America League and a positive growth for the organization.
https://twitter.com/MirageSportE

Empower Educational Innovation: CAST Opens Nominations for UDL Awards 2024

Mar 13, 2024 | Books, Business

BOSTON – March 11, 2024 – PRLog — CAST, an innovator in Universal Design for Learning (UDL), is thrilled to announce the augural UDL Awards 2024, set to take place on July 30th at the Hyatt Regency – Sacramento.

In honor of our 40th Anniversary, as we mark this significant milestone, we proudly embrace our journey of evolution and innovation, recognizing the transformative impact of UDL as we envision the next 40 years of educational excellence.

This prestigious event aims to recognize and celebrate excellence in the field of education. Award nominations are now open, and individuals and organizations are encouraged to submit their entries by April 12th.

Universal Design for Learning (UDL) is a framework and a tool used by educators in designing learning experiences that are accessible and available to ALL students. The framework supports designing teaching and learning experiences and environments that set clear learning goals, embrace and honor variability of learners, anticipate barriers to learning and access, and provide options for learners through this design.

“We are thrilled to present the UDL Awards 2024 and recognize the remarkable individuals and organizations who have made significant contributions to the field of education,” said Lindsay Jones, CEO at CAST. “These awards not only celebrate achievements but also serve as a catalyst for continued innovation and excellence within our educational community.”

The UDL Awards 2024 will serve as a platform to honor outstanding individuals and organizations who have demonstrated exceptional achievements, innovation, and contributions within Universal Design for Learning. With a commitment to acknowledging excellence and inspiring others, this event promises to be an evening of recognition and inspiration.

The award categories for the UDL Awards 2024 are:

  1. Anne Meyer UDL Design Award: This award celebrates trailblazing achievements in the realm of educational design. It recognizes individuals, teams, or organizations whose creative work embodies the principles of UDL through inclusive experiences, tools, and environments.
  2. David Rose UDL Research Award: This award recognizes outstanding contributions to the field of education through research that advances the principles and implementation of UDL. It honors researchers who have demonstrated excellence in investigating and implementing strategies, methodologies, and technologies that enhance the educational experience for all learners.
  3. UDL Innovative Practice Award: This award seeks to recognize and celebrate educators, instructional leaders, and practitioners who have demonstrated exceptional commitment and creativity in implementing UDL principles within their teaching practices. It acknowledges the transformative impact of innovative pedagogical approaches that prioritize inclusivity, engagement, and accessibility for all learners.

Join us in celebrating excellence and achievement at the UDL Awards 2024 by nominating your UDL champion today!

To delve deeper into CAST’s mission and UDL, visit our website at www.cast.org.

For more information on the nomination process and sponsorship opportunities, contact Kisha Barton, Sr Director of Communications, at kbarton@cast.org.

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About CAST (https://www.cast.org/):
CAST is a nonprofit education research and professional development and learning organization that created the UDL framework and UDL Guidelines.

After 48 years of service, Bob Lindner, Executive Director of Travelers Aid, is retiring

Mar 7, 2024 | Books, Business

PITTSBURGH – March 5, 2024 – PRLog — Bob Lindner was raised in Brookline and was a student at South Catholic High School.  He attended the University of Dayton and graduated with a degree in Psychology.  After service as a medic in the US Army during the Vietnam war, Bob completed an associate degree and business administration and Masters of Social Work from the University of Pittsburgh and was hired as the Executive Director by the Travelers Aid Board President in July of 1976, Varcey Troan.  He served in the Executive Director role in many different incarnations of Travelers Aid, with the focus turning from exclusive stranded-traveler assistance to local transportation initiatives, beginning in the late 1990’s.  Bob engineered programming to help all types of clients from at-risk and domestic violence situations to those with medical needs, employment services, veterans, food security, seniors and other categories.

Travelers Aid is proud to celebrate Bob Lindner’s accomplishments.  It is impossible to state in a few paragraphs the impact that Bob Lindner has had over the years and the lives he has touched. Needless to say, he has helped thousands of individuals over the decades, whether it be our neighbors here in Pittsburgh, or stranded travelers to return to other cities.

“For financially struggling families the lack of transportation to access services often presents an insurmountable barrier. For 48 years I have had the privilege of working for a pioneering organization that has been at the forefront of confronting those barriers, resulting in thousands upon thousands of positive outcomes. Not only am I appreciative of the opportunity to have been affiliated with such an outstanding agency and staff but also just as confident that Travelers Aid will remain at the forefront of innovative solutions for those in need in our community.” – Robert Lindner, Former Executive Director of Travelers Aid of Pittsburgh

Bob Lindner will be replaced in the Executive Director role by Ryan Capra, a life-long Pittsburgher and a Travelers Aid staff member since 2002.  Ryan Capra attended Indiana University of Pennsylvania and graduated in 2001 with a bachelor’s degree in psychology.

About Travelers Aid:

One of Pittsburgh’s oldest social service agencies, Travelers Aid Society has been assisting individuals in Western Pennsylvania for nearly a century.  As a 501(c)3 non-profit agency, Travelers Aid is the only organization of its kind in the region, targeting all efforts to provide transportation assistance to a variety of populations and for a multitude of service needs.  Over the last 25 years, Travelers Aid has developed partnerships with the Department of Human Services in Allegheny County and the Commonwealth of Pennsylvania, Medical Assistance Transportation, the Office of Children, Youth and Families, the Office of Behavioral Health, Labor & Industry, the Department of Corrections, as well as a plethora of foundations, human service and medical providers.

The agency has become a crucial provider in Allegheny County, assisting in 3 million trips to 7,500 individuals and families annually.

Transforming Lives Through Transportation