News Briefs View All

Gemini Rosemont renovates interior of San Diego’s 610 West Ash office building

/

Gemini Rosemont renovates interior of San Diego’s 610 West Ash office building

Gemini Rosemont, LLC, a leading commercial real estate investment company with holdings of approximately 10 million square feet of commercial office space, is renovating the 19-story 610 West Ash commercial office building in San Diego, Calif.

“We’re looking to create a more modern environment and provide an inviting atmosphere for our tenants,” said Helen Rivero, Senior Managing Director, Investment Management for Gemini Rosemont.

The project includes an extensive lobby remodel that ties into the live-work-play urban vibe of the Little Italy neighborhood. A lounge for tenants and their guests, a new ground floor retail space, a new shower and locker facility, and enhancements to current restaurant tenant Petrini’s Restaurant, including a new entrance off of Little Italy’s India Street, are all part of the project. The renovation is expected to be completed in November 2018.

Gemini Rosemont purchased the 177,489 square foot office building from Equity Office Properties and The Blackstone Group in April 2016.

“The 610 West Ash building is just one example of our company’s ongoing strategy to acquire Class A single and multi-tenant office buildings in coastal gateway markets,” said Rivero.

The partners in the project are two San Diego-based companies, including Back’s Construction, Inc., and Hollander Design Group. Meissner Jacquet is the construction manager, overseeing the project on behalf of Gemini Rosemont.

Tenants of 610 West Ash enjoy abundant shopping, hotels, 30-plus restaurants, numerous housing options and parks are within walking distance. Its location is convenient to San Diego’s primary public transit providers, freeways and San
Diego International Airport and offers panoramic views of the San Diego skyline, San Diego Bay, Coronado Island and the Pacific Ocean

Available suites range in size from 2,300 to 7,300 square feet of contiguous space. The leasing for 610 West Ash is lead by JLL’s Bess Wakeman, Richard Gonor and Brandt Riedman (858-410-1245).

Second annual Day of Service benefits local food banks, children in need

/

Second annual Day of Service benefits local food banks, children in need

More than 175 company employees donated approximately 700 volunteer hours to help sort and organize donated food, and support the needs of abused and neglected children during the second annual Gemini Rosemont Day of Service on October 25.

“Thanks to all the efforts of everyone who participated, we were able to make a difference in the lives of those less fortunate,” said Connie Enriquez, Director, Human Resources. “By working together, we’re helping improve the communities where we live and work while building Gemini Rosemont’s culture.”

Employees based in the company’s regional offices worked at the following locations:

Albuquerque – Roadrunner Food Bank
Dallas – Community Partners of Dallas
Denver – Food Bank of the Rockies
Houston – Houston Food Bank
Peoria – Peoria Area Food Bank
San Antonio – San Antonio Food Bank
Santa Fe – The Food Depot
Tulsa — Community Food Bank of Eastern Oklahoma

Gemini Rosemont has sponsored a number of philanthropic endeavors since its inception 25 years ago, and established the Garfield Street Foundation in 1999, a non-profit that helps individuals and families in economic crises get back on their feet.

Gemini Rosemont scores high marks from nationwide tenant survey

/

Gemini Rosemont scores high marks from nationwide tenant survey

The results are in!

Gemini Rosemont contracted with industry-leading survey firm CEL & Associates, Inc., to query tenants located in 33 properties nationwide for feedback on management, maintenance and leasing services.

The tenants responded with a 46.7 participation rate, according to CEL.

“We received some great ratings in several categories,” said Helen Rivero, Senior Managing Director, Investment Management. “We scored a 92.6 percent for maintenance services, a 91.4 percent in resolving tenant issues, an 89.3 percent in management services and an 89 percent in tenant responsiveness.”

Two Gemini Rosemont properties, 600 Clipper in Belmont, Calif., and One Thousand Oaks in San Antonio, Texas, earned the prestigious Platinum Award, in recognition of achieving “Best in the Industry” ratings and providing a superior level of service to tenants.

Of the 33 Gemini Rosemont properties included in the survey, seven properties scored 95 percent or better, with Albuquerque’s San Mateo receiving the highest overall score of 99.6 percent. Three properties received 100 percent in the service score category, including Clipper in Belmont, Calif., and San Mateo and AmberTrail in Dallas.

“Our team always does an excellent job of exceeding our tenant’s expectations and this feedback from our tenants validates our hard work,” said Rivero.

Plans are underway to use the results from the 53-page survey report as a launch pad for a 2019 company-wide initiative to provide ongoing, enhanced customer service.

“We can always up our game when it comes to providing the very best in tenant services,” Rivero added. “It will be a gratifying challenge for all of us to identify and implement new ways to delight our tenants while delivering on the terms of our lease agreements.”

Gemini Rosemont adds Meehan and Frandson to leadership team

/

Gemini Rosemont adds Meehan and Frandson to leadership team

Duo added to provided additional resources to support the Company’s growth initiative 

Gemini Rosemont Commercial Real Estate, a leading commercial real estate investment company with approximately 12.5 million square feet of commercial office space in 20 states, has added two seasoned executives to its leadership team.

John Meehan has been named the company’s chief operating officer and Nina Frandson has joined Gemini Rosemont as a senior managing director for capital markets.

In his COO role, Meehan will oversee corporate transactions, provide financing and multidisciplinary leadership, and will partner with the company’s asset management and acquisition divisions, to support a variety of initiatives. He will also be directly involved with the capital raise team.

Frandson’s efforts will be focused on capital markets and is a leading member of the capital raise team for Gemini Rosemont.

“Gemini Rosemont is in the midst of a multi-year capital raise and acquisition program, and adding these two experienced professionals to our team is part of a long-term strategy to bolster our efforts specifically in those two areas,” said Ian Brownlow, interim chief executive officer and chief financial officer. “The combined talent and experience that John and Nina bring to the company will help us achieve both our short- and long-term goals.”

Prior to joining Gemini Rosemont, Meehan was the vice president, director of capital markets for Douglas Emmett, Inc., with responsibilities for all transactional activities including acquisitions, financings and dispositions.

During his 16-year tenure with Douglas Emmett, Meehan led the acquisition of 9.4 million square feet of office properties and over 1,500 apartment units totaling $4 billion in investments. He also closed over $12 billion in financing transactions, led the sale of $300 million of assets and was an integral part of the initial public offering process that resulted in, at the time, the largest REIT IPO in history with a $1.59 billion initial offering.

Meehan received his Master’s degree in Business Administration from the University of Southern California after earning his Bachelor of Arts degree in Finance from the Michigan State University.

Frandson was a managing director and raised capital for Cantor Fitzgerald’s proprietary and third-party real estate and private equity funds prior to joining Gemini Rosemont. Before her time at Cantor Fitzgerald, Frandson used her significant institutional investor relationships to finance funds represented by Guggenheim Partners and AIG. Previously, Frandson underwrote and sold large commercial real estate portfolios to institutional investors while working in the Cushman & Wakefield Capital Markets Group. Frandson began her career at Merrill Lynch, where she actively gathered capital from and managed portfolios for high net worth clients and institutional investors.

Frandson received her Bachelor’s degree from the University of California, Los Angeles. She also has a Law degree from the University of California, Los Angeles School of Law and a Masters of Business degree from Columbia Business School.

Meehan is based in Los Angeles, Calif., and Frandson is based in New York City.

Gemini Rosemont’s Inaugural Day of Service Benefits Nine Local Food Banks

/

Gemini Rosemont’s Inaugural Day of Service Benefits Nine Local Food Banks

Approximately 185 company’s employees donated more than 800 volunteer hours to help sort and organize donated food during the week of October 23.

“Helping end hunger is a cause we can all rally behind,” said Don Henry, CEO for Gemini Rosemont. “We’ve been fortunate in both our business lives and in our personal lives. Assisting the less fortunate get the food they need will make our communities stronger.”

The statistics about food insecure households are startling.

One in six Americans face hunger. In fact, 42.2 million Americans live in food insecure households, including 29.1 million adults and 13.1 million children, according to the USDA.

Employees based in the company’s nine regional offices worked at the following food banks:

Albuquerque – Roadrunner Food Bank
Atlanta – Norcross Coop
Dallas – North Texas Food Bank
Denver – Metro Caring
Houston – Houston Food Bank
Peoria – Peoria Area Food Bank
San Antonio – San Antonio Food Bank
Santa Fe – The Food Depot
Tulsa — Community Food Bank of Eastern Oklahoma

“This is the first of what we hope will be an annual event to work with deserving non-profits to improve local communities,” Henry said. “It will also give us an opportunity to work side-by-side with our colleagues to make a difference in these communities.”

Gemini Rosemont has sponsored a number of philanthropic endeavors since its inception 25 years ago.

The company established the Garfield Street Foundation in 1999, a non-profit that helps individuals and families in economic crises get back on their feet.

It has also partnered with Over the Edge, an adventure experience company that assists non-profits in hosting rappelling events for fundraising. The company has helped raise more than $2.5 million for charities by providing access to 31 buildings for Over the Edge rappelling events in 10 cities across the country since 2008.

Additionally, building personnel across the portfolio host a variety of fundraising events, collect food, clothing, pet supplies and other items on behalf of local charities, and provide holidays gifts for less fortunate children.

Joint venture wins Biggest Deals of the Year

/

Joint venture wins Biggest Deals of the Year

The Rosemont Realty and Gemini Investments joint venture was named winner of the inaugural Biggest Deals of the Year award by the Albuquerque Business First newspaper.

“This award is an excellent acknowledgment of the importance of our ongoing relationship with our partner, Gemini Investments,” said Michael Mahony, CEO of Gemini Rosemont.

Gemini Rosemont won the honor in the real estate division, one of 11 categories recognized at the first-ever gala event attended by more than 400 business leaders.

Joe Farr, SVP of Asset Management and Albuquerque market leader, and Dan Burrell, former Rosemont Realty CEO, accepted the award on behalf of Gemini Rosemont. In attendance were 20 members and guests representing the company to celebrate the achievement.

The Biggest Deals of the Year finalists and awardees were selected by the news staff of Albuquerque Business First, based on real estate transactions closed between August 2015 and August 2016, the size of the deal and potential benefits to New Mexico.