Somera Roads primary headquarters will remain in New York City. In his role, Spencer ensures visual communication and design standards are met while ensuring a cohesive look and feel of projects is achieved by curating deliverables. In this podcast, Brian will set out to speak to people starting out in the real estate business, as well as real estate expert Dr Ian Ross and James Lemon examine the regulations and guidance attempting to deal with poly- and perfluoroalkyl pollution. Read the latest edition of the Commercial Observer online! Originally from Glasgow, KY, Nick currently lives in Nashville with his wife, son, and daughter. (SOMERA ROAD / CONTRIBUTED PHOTO) "It's hands. The firm has found a sweet spot in being sub-institutional, but Ross and Somera have to make up for that in volume, which theyve proved is no issue, according to sources who spoke to CO. The bench is the irrigation system. Chris Adams is a Creative Director at SomeraRoad, overseeing all aspects of programming, activation and marketing within the firms portfolio. He brings over 10 years of high-rise engineering and construction experience to SomeraRoad. In the years since its first deal in the summer of 2016 the purchase of the 3Y Building, an office tower just north of downtown Kansas City Somera Road has sourced and executed on 66 distressed deals at a valuation of over $1.5 billion across 49 markets and nearly half of the continental United States. Prior to SomeraRoad, Brock worked at Jamestown L.P. in New York, on the asset management team at Industry City, a dynamic $1.3 billion, 6-million SF adaptive reuse project located in South Brooklyn. Nashville, TN 37203 [Ross] brought on some people that really were well connected, particularly in the downtown market, which I think was a very, very smart move, Smith said. A native of Music City, Pat received a B.S. Somera Road founder and principal, Ian Ross. Amit received a B.S.B.A. New York-based private equity real estate investment firm Somera Road has funded part of its largest purchase to date with $152 million in bridge debt from Voya Investment Management and Bridge Investment Group, Commercial Observer has learned. He also assists with the asset management function across our existing multifamily portfolio. from the University of Delaware where she majored in Political Science with minors in both Business Administration and Advertising. cleveland@someraroadinc.com, 2021 SomeraRoad. pittsburgh@someraroadinc.com, 1060 N Capitol Ave Carly is an Administrative Assistant at SomeraRoad. Fergus Campbell is a Managing Partner of SomeraRoad, overseeing the firms day-to-day business undertakings. Allison Dickson is the Development Accountant at SomeraRoad. Andrew Donchez, formerly with Boca Raton, Florida-based Mill Creek Residential, will oversee the division as vice president, head of development. NYC developer taps Nashville for second office, Somera Road underway with work in The Gulch, Shugga Hi owner sues for right to buy property eyed for ER, TriStar Health proposing East Nashville emergency department. She lives in Long Island City, Queens with her husband and son. If you eat 10 grams of bacon grease, it will be 10*39/4 calories = roighly 100. Its nothing, but hes just doing so many of them. Conor Irwin is an Associate at SomeraRoad, focusing on the underwriting and development of ground-up multifamily and mixed-use commercial projects. They buy, execute, stabilize, monetize and repeat, aiming at smaller deals that are typically bypassed by larger institutional firms. Amit is a Director of Debt Strategies at SomeraRoad, leading the firms capital markets activities and distressed debt investments. Gabriella is an Executive Assistant at SomeraRoad. Alex is a Senior Analyst at SomeraRoad, focused on acquisitions and asset management. Chris has collaborated with artists from all over the world, curating art shows and installations that transformed Empire Stores into a marquis destination for the arts. FedEx will expand the building from 154,000 square feet to just under 200,000 square feet. Cleveland is ushering in a new set of landlords as improving market conditions attract out-of-state investors. Originally hailing from Los Angeles, Ian is a proud resident of Brooklyn, where he lives with his wife Virginia and his daughter Luca. During his time with Advent, he worked on residential and commercial developments totaling over $125 million. A release does note the location of the future office. It takes less than ten minutes to set up your company page. Prior to joining SomeraRoad, Martin was a Project Executive at Toll Brothers City Living. Ian received a B.A. He is responsible for up keeping the creative vision of developments in alignment with overall real estate investment goals. But Ross doesnt care; where some failed, many have succeeded, becoming key members of his team. Prior to joining SomeraRoad, Mark was a Project Manager at Olivers Realty Group, a residential real estate developer in NYC. Ians responsibilities included financial analysis, underwriting, market research, and creating offering materials. In addition, Somera Road, which bought the mortgage note in November, took on the obligations in the mortgage foreclosure judgment, which amounts to about $56 million, Ian Ross, Somera's founder and managing principal, told The Morning Call last week. Ian Ross founded SomeraRoad in 2016, bringing a fresh, entrepreneurial approach to opportunistic real estate in growing secondary cities across the country. Jessica received a Bachelor of Arts degree in Economics from Georgetown University. Chris previously served as a Director of Development Services for Millcraft Investments, a full-service real estate firm in Pittsburgh, PA. During his time with Millcraft, Chris worked on pre-development efforts for a 15-acre mixed-use riverfront development and served as the development and construction lead for a mixed-use, luxury residential project - both located within the Pittsburgh urban core. He has since led the firm's rapid expansion, overseeing nearly $2.5 billion in acquisitions of 25+ million square feet in more than 70 unique markets. We did our first deal in the summer of 2016. Kansas Citys second WeWork location sits atop Lightwells third and fourth floors the new home of the KC Tech Council and an art gallery adorns the Main Street ground-level entry where Made in KC Cafe will soon open in the former home of Starbucks, which closed as a result of the pandemic. Spencer is a Creative Director at SomeraRoads Kansas City office overseeing all aspects of design, from concept to completion. At Midland, he managed a portfolio of defaulted commercial real estate loans as special servicer for CMBS investors. His approach to how he finds assets and the ways hes gone about doing it has been a very overlooked strategy by most, said Matthew Philip, the head of commercial lending at Bayview Asset Management. [They] find where the distress is and take advantage of the opportunity, while being smart about whats presented to [them]. news@startlandnews.com, Reimagined Lightwell ready to take innovation hub mantle as KCs tech talent return to the office, A lot of people will talk about productivity in a remote work environment being acceptable and, in some cases, being on par with productivity in the office environment. CMBS is a more commoditized, yield-driven product; it was never supposed to be a credit product, because losses were never supposed to be severe. Brian received a B.B.A. Imran received a M.S. When the British radio producer Ian Ross who first moved to the United States in the late 1970s encountered a roller disco for the first time, it made for an almost existential experience. We love the Crossroads; we spend a ton of time there and have looked at dozens of projects but the Crossroads doesnt have a singular place, a gathering place for collisions and for sharing ideas amongst companies and amongst startups.. Ian Ross founded SomeraRoad Inc. in 2016 to take an entrepreneurial and creative approach to value-add, opportunistic real estate in growing secondary markets. A lot of people will talk about productivity in a remote work environment being acceptable and, in some cases, being on par with productivity in the office environment. And then I think we did [around] 26 deals in 2017. Andrew previously helped build RXR Realty's development platform, overseeing the construction of 1,400+ residential units totaling more than $700 million of value during his tenure. You have to be able to get messy with him on $5 [million] to $20 million deals. Nashvilles proximity to other focal markets with active projects such as Memphis, Louisville, Kansas City and Indianapolis is an added perk. Ian is an Senior Associate at SomeraRoad, focused on acquisitions and asset management. in Finance and a minor in Computational Finance from his hometown Carnegie Mellon University. That month, Somera purchased guitar manufacturer Gibsons real estate in Memphis and Nashville for around $32 million. Ross said Somera is also looking to add 230 apartments in the area, which he believes will "breathe life into the retail." Other changes include: "expanded greenspace options, wayfinding,. Nick received a B.S. Legendary newsreader, Ian Ross, passed away this morning, losing his battle with pancreatic cancer. Previously, Alex spent time at PricewaterhouseCoopers as an auditor for clients within the financial services industry. To some extent, the complexity of pulling assets out of the trust, seeing that the distress isnt always related to the specific asset but to the structure thats behind it, is the genius in the approach. A lot of the elements that we talked about and hoped would come to fruition pre-project, have come to fruition, he continued, referencing a previous article in Startland News that detailed SomeraRoads vision alongside and driven in Kansas City by Tim Schaffer-led AREA Real Estate Advisors for the space as an innovation district that itself served as an ecosystem for companies from ideation to startup to scaleup and beyond. He lives in Nashville, TN with his wife, son, and daughter. He directs the delivery of site assessments and development of management strategies to mitigate perceived risks. Ross started the company out of his Manhattan apartment in the summer of 2016 and has since grown the team to 15 professionals, who punch above their weight and successfully execute and asset-manage across the firms unbelievably large footprint. He oversees ground-up development, value-add, and master planning projects across the Kansas City market. Its very cool! A steady stream of foot traffic flows beneath the Lightwell buildings signature feature a winding overhead natural light design that spans nearly a city block as employees returning to the workplace help the iconic downtown Kansas City landmark assume its new identity: 21st century innovation hub. austin@someraroadinc.com, 1020 Bolivar Rd Somera Road Inc. will open a second headquarters in mid-July in Nashville, a move that comes as the New York-based commercial real estate firm continues to gain a presence throughout Music City. Ian has also augmented SomeraRoads core value-add business, building new verticals in industrial net-lease, distressed debt, and opportunity zone investing, in addition to creating a robust ground-up development practice. He primarily focused on reporting for infrastructure, opportunity zone, and foreign real estate investments. Jessica was an original member of the Jones Road team, leading the development, launch and marketing of the firm's special situations investment platform. If you look at the Crossroads [Arts District] the Crossroads lacks centrality. In this role, he is responsible for implementing project-specific business plans and working with the team to bring life to SomeraRoad's vision. * DOB 28 March 1920, Camberwell Victoria Australia. newyork@someraroadinc.com, 718 Division Street Alex is a Financial Controller for SomeraRoad, overseeing all of the firms accounting and financial reporting functions. Prior to joining SomeraRoad, Amit worked at Bayview Asset Management where he oversaw capital markets activity for the Commercial Real Estate Mortgage Originations group, including pricing, structuring, and securitizing new origination CMBS loans. I wouldnt be here or have the motivation that I have without her.. Zodiac sign: Cancer. Previously, Cassandra worked as an Investor Management Associate at Sunwealth Power Inc, an impact investing firm, in Cambridge, MA. Parametric optimization and surface characterization of wire electrical discharge machining process, Trevor A. Spedding and Z Q. Wang For lack of a better term, theyre shit kickers; they get shit done, the global hedge fund manager added. At Jamestown, she was responsible for project due diligence, underwriting, reporting, lease analysis, and capital markets initiatives. Prior to joining SomeraRoad, Mark was a Project Manager for Southern Land Company, a full-service real estate development firm based in Nashville, TN. Ian Ross founded Somera Road Inc. in 2014 to take an entrepreneurial and creative approach to value-add, opportunistic real estate in non-core markets. that detailed SomeraRoads vision alongside and driven in Kansas City by Tim Schaffer-led AREA Real Estate Advisors for the space as an innovation district that itself served as an ecosystem for companies from ideation to startup to scaleup and beyond. [Screw] funds, Somera Road principal and founder Ian Ross told Commercial Observer earlier this year when asked whether hed ever want to start one. She lives in Nashville, TN with her husband. Mark is a Senior Project Manager at SomeraRoad. Minnie Bellomo serves as General Counsel of SomeraRoad, providing strategic oversight on all transactions and overseeing all legal matters of the firm. Previously, Ian was an Analyst at Eastdil Secured and also held positions at Dartmouth. His parents moved to Los Angeles from Boston when he was a kid, and hes the middle brother of his two siblings. Raising the first $5 million on our first deal is the hardest thing Ive ever done, Ross said. He is originally from San Diego, California. Find Instagram, Twitter, Facebook and TikTok profiles, images and more on IDCrawl. You can figure this [method] out if youve got a little bit of savvy and an understanding of individual markets. While at Rubenstein, Matthew focused on managing over 3 million square feet of office properties throughout the Midwest. "I don't want to have to fit these deals into a. New York, NY 10036 Brock currently resides in Austin, TX. It was really kind of a snowball effect.. Chris Valencia is an analyst at SomeraRoad focused on asset management. Chris lives in Pittsburgh with his wife and three kids. Overview. Anne received her M.S. Mark graduated from NYUs Stern School of Business where he majored in finance and minored in urban design and architecture studies. Chris received a B.S. The smaller deals lie under a lot of peoples radars. 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