May 13, 2024

‘Does That Stress Lead To Distress?’: LA Lenders Willing To Work With Solid Borrowers — For Now

As optimism about interest rate cuts this year fades, many CRE professionals find themselves slogging through, working with what they have amid the uncertainty over what’s to come.

There’s stress everywhere, Cityview Chief Operating Officer and Chief Financial Officer Damian Gancman said at Bisnow’s Finance and Deal-Making Conference at the Westin Bonaventure Hotel and Suites in Los Angeles Thursday.

Read more on Bisnow.

April 9, 2024

Angels Landing awarded 2023 American Architecture Award

Handel Architects and Olin collaborate to design two striking towers that flank the downtown Los Angeles skyline, featuring a series of landscaped terrace decks

 

Via Global Design News

Handel Architects’ Angels Landing project in Downtown Los Angeles, developed by MacFarlane Partners, Peebles Corporation, and Claridge Properties, is a $2 billion skyscraper complex situated on Bunker Hill’s Y-1 land parcel.

The development comprises various uses centered around significant public open space, with the design of the open space being led by Olin.

The Angels Landing has been awarded a 2023 American Architecture Award from The Chicago Athenaeum and The European Centre for Architecture Art Design and Urban Studies.

Plans include 422 residential units, two hotels, cultural/civic space, and 50,000 sq. ft. of retail.

The site, most recently home to the temporary park known as Angels Knoll, was previously intended to be part of a re-development project decades ago.

On an urban scale, the project strives to connect the various neighborhoods that converge at this location, including the Financial District, the Historic Core, the Cultural District, and the Civic Center.

By using the buildings’ architecture and landscaping, the design encourages the fluid movement of people into and through the site’s many building lobbies, retail storefronts, and plazas.

The design approach is based on a number of key factors: the re-interpretation of the arrival plaza at the Pershing Square Metro Station; enhancement of the pedestrian experience of riding the Angels Flight funicular; and creating a more lively pedestrian experience to and from California Plaza and its adjacent office buildings.

Rising above the podium are two towers, organized to act as a gateway into the project site.

The lower tower is located along 4th Street and is set back from the corner of Hill Street, while the taller tower is located on the north side of the parcel and is located closer to the street edge.

The juxtaposition of the two towers creates a dynamic composition within the overall context and provides visual distinction from the surrounding context.

The 42-story tower incorporates a horizontal balcony feature that wraps around the building to create strong bands along the exterior.

The base of the taller tower is expressed by a similar balcony design, creating a dialogue between the two structures.

Above, the banding on the tower turns vertical by using protruding vertical fins that appear as layered screens in front of a horizontal substructure, exposing balconies at the corners of the floor plates.

Angels Landing is a development where urban design and architecture are fused to create a world-class development and a new landmark for the City of Los Angeles.

Project: Angels Landing
Architects: Handel Architects LLP.
Lead Architect: Gary Handel
Landscape Architects: OLIN
Clients: The Peebles Corporation and MacFarlane Partners LP.
Renderings: Courtesy of Handel Architects LLP.

 

January 8, 2024

Introducing The Official 2023 Haute 100 Miami List: Includes Don, Katrina and Donahue Peebles

COMPANY: Peebles Corporation
INDUSTRY: Real Estate

Donahue “Don” Peebles III is the founder, chairman, and CEO of the Peebles Corporation, a national real estate investment and development company with an $8 billion project portfolio and a pipeline spanning key markets in the nation. He is the executive vice president of the Peebles Corporation and handles new acquisitions and business development, actively pursuing public and private real estate transactions. His wife, Katrina, is responsible for the creative vision and direction of the Peebles Corporation’s design and marketing. In addition to her corporate role, she currently sits on the board of directors for CARE Elementary School in Miami and is the vice chair of the New York City Mission Society.

View the complete list in Haute Living.

December 14, 2023

“Power Lunch” on CNBC with Kelly Evans and Steve Liesman

Don Peebles: "We look for opportunities when the market is not functioning well." Don Peebles, The Peebles Corporation CEO and chairman, joins ‘Power Lunch’ to discuss his expectations for the commercial real estate market.

View the full interview here.

October 30, 2023

“The Big Money Show” with Brian Sullivan on CNBC

Real estate investor Don Peebles talks commercial real estate’s ongoing struggles.

Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

View the full interview here.

March 12, 2021

Bath Club, nearly 100 years old, to reopen in Miami Beach after extensive renovations

By Matthew Arrojas

The club was founded in 1926 on land that was previously an avocado plantation.

The Bath Club in Miami Beach will reopen later this month after an extensive renovation project.

Don Peebles, owner of the nearly 100-year-old private club at 5937 Collins Ave. in Miami Beach, updated much of the private club's members-only amenities. Allison Antrobus and Ruby Ramirez of Miami-based design studio Antrobus + Ramirez redesigned the property for Coral Gables-based the Peebles Corp.

The Bath Club features a three-acre private beach, a full-service spa, a fitness studio, a resort-style pool, cabanas, clay tennis courts, lounge areas and new culinary options. The private club also has six different venues providing a combined 26,000 square feet of potential event space for members.

Apicii Hospitality, a New York-based hospitality management and consulting firm, curated the Bath Club's new food and beverage options. Dining venues include the club's Courtyard, Veranda and the historic Parlor and Governor's Loggia. The restaurant and bars will serve seasonal Mediterranean-style menus.

Chef Jeff Masanz will serve as executive chef for the club. His experience comes from working in the industry at the Boca Raton Club & Resort and Diplomat Beach Resort.

According to a statement regarding the opening, the Bath Club is the only private club in Miami Beach not attached to a resort or hotel.

The club was founded in 1926 on land that was previously an avocado plantation. Over the years, it became a destination for notable figures including former President Herbert Hoover, William Vanderbilt II of the prominent Vanderbilt family, French jeweler Pierre Cartier and Boeing Co. founder William Boeing.

However, for years the club denied membership to Black and Jewish people. Peebles, the club's first Black member, purchased the property in 1999 with the intention to make the club a more inclusive experience.

“The Bath Club offers a sense of place, legacy and authenticity for all walks of life,” Peebles said in a statement. “This is where diversity and reinvention – past and future – come together for enriching experiences surrounded by privacy and luxury.”

Adjacent to the Bath Club stands the Residences at the Bath Club at 5959 Collins Ave. The condo building includes 112 units and was built in 2005.

Credit: South Florida Business Journal

February 12, 2020

Don Peebles Hosts Kickoff Party for New York Real Estate Chamber (NYREC)

R. Donahue Peebles Jr., Katrina Peebles and R. Donahue Peebles III hosted a spectacular Kick Off party with The New York Real Estate Chamber at their private residence in New York City. The New York Real Estate Chamber (NYREC) is a chamber of commerce comprising well-established residential and commercial developers, community development corporations, general contractors and property managers that share a common goal—the expansion of minority business participation and community development.

Notable attendees included: R. Donahue Peebles Jr., Katrina Peebles, R. Donahue Peebles III, Andrew Cooke, Tywan Anthony, Thomas Campbell, Paul Moore, Joshua Anthony, Randall Toure, Craig Livingston, Devon Prioleau, Meredith Marshall, Andy Jee, Chris Bramwell, William Wilkins, Nicole Lockett, Osei Rubie, Cheryl Daniel, Brian Benjamin, Harry Haynes, Jerrod Delaine, Kenneth Morrison, Darrel Gay, Derrick Lovett, Gordon Bell, Manuel Burgos, Eboni Harris, Francilia W. Rahim, Dwayne Jeffrey, Dawanna Williams, Gardner Rivera, Joe Ballaris, Timothy Edwards, Randall Powell, Roland Powell Jr., Donald Matheson, Micheal Bunton, Victor Amoo, Josie Francis, Marina Ovanesyan, and Salud Reyes.

The party served as a kickoff to The Emerging Leaders and Markets (ELM) Conference. The ELM is the New York Real Estate Chamber’s signature event, bringing together leaders from Government, Business, Community Development and Finance to enlighten attendees with regard to current opportunities and innovations in a series of topical panels. The conference will convene at Columbia University’s Faculty House, March, 2020. The New York Real Estate Chamber (NYREC) expects ELM to attract 300 commercial and housing real estate professionals, along with political and community leaders from throughout the Tri-State Area. ELM will feature some of real estate’s most successful and innovative deal makers and leaders of minority-owned firms and just as important leading public policy makers, to drive the discourse, develop ideas, and relationships around sustainable development in urban communities. The ELM Conference is a uniquely powerful opportunity to connect with dynamic developers, government officials, financiers and other real estate professionals engaged in remaking the urban landscape.

 

Photo Credit: Monnelle Photography

Article available here MGMT Mann Report Management

p-icon-white