Sonnenblick Development in the news

Bob Sonnenblick Moderator at HOTEL ROI taking place June 22, 2017 at the Indigo Hotel in Los Angeles

PRESS RELEASE: Los Angeles, Calif.:

Questex Conferences and Hotel Management Magazine are pleased to announce that Mr. Robert Sonnenblick, Chairman of Los Angeles-based Sonnenblick Development LLC, has been chosen to moderate the “Hotel Brands” panel at their upcoming Hotel ROI Conference on June 22nd in Downtown Los Angeles at The Indigo Hotel.

Join Robert Sonnenblick, Chairman, Sonnenblick Development
at HOTEL ROI: Los Angeles on June 22, 2017

Mr. Robert Sonnenblick, Principal of Sonnenblick Development, LLC, is a graduate of the Wharton School of Finance of the University of Pennsylvania with more than 30 years of experience in various aspects of real estate development and real estate finance. Join Robert in the Brand Matters: Partnering for Profits panel.

This exclusive series is limited in capacity. Reserve your seat now with our promo code SPK50 to receive $50 savings compliments of our featured presenter. Act now – savings end Friday, June 9, 2017.

Powered by Hotel Management and AAHOA, Hotel ROI is a series of regional one-day events, focused on how to leverage a hotel asset for maximum returns.The series is fresh, fast-paced, and built to give action to insights that can be implemented as soon as you return to the office.

Intelligent hotel operations should be your greatest 2017 investment. Hotel ROI: Los Angeles will walk you through how to successfully set your portfolio up for the greatest returns, all while networking with leading local owners, management companies, brands, developers, asset managers, and local planning and development officials.

“LA is one of the most popular cities in the country, with about 50 million visitors every year who collectively spend over $18 billion. Despite those numbers, however, there is still enormous capacity for growth, and the Hotel ROI Conference will show how LA’s hoteliers can take further advantage of that capacity and give profitability a major boost.” – Hitesh (HP) Patel, AAHOA Vice Chairman

#Hotelprofitstothemax

LEARN MORE

This program is designed to be interactive with key take-aways crafted into a post-event brief on the following:

Market Snapshot: The tools you need to make smarter, fact-based business decisions

Local Intel: Hear what’s going on at the street level in Los Angeles and across the California hospitality industry

Maximizing Revenues: A “how-to” on savvy revenue management, OTA optimization, upselling opportunities and more

Minimizing Costs: Boost ROI through managing sales & marketing, salaries & wages, franchise fees, insurance, taxes, and FF&E reserves

Brand Matters: Brands share their value proposition

Heads in Beds: A focus on local and regional demand drivers and how to capitalize on them to drive sales

Exit strategies: How to best divest your asset when the time comes

Bob Sonnenblick to speak at may 17th Real Estate Lending and Development Summit

Press Release: May 4, 2017-New York City,NY

NY-based conference producer iGlobal Forums Inc. has announced its selection of Los Angeles-based Bob Sonnenblick, Chairman of Sonnenblick Development LLC, to speak at their upcoming Real Estate Lending & Investment Summit on Wednesday May 17th at the Pierre Hotel in New York City. Mr Sonnenblick will speak on the topic of: Demystifying the Capital Stack, a discussion on Mezzanine Financing in today’s real estate marketplace.

After the initial session, Mr Sonnenblick will also lead a second panel on: The Borrower’s
Insights on the Mezz & Preferred Equity World.

For more information, please contact:
iGlobal Forum at 212-752-7760 or
info@iglobalforum.com

Community Reacts to Updated Marina Redesign Plans – presented by Sonnenblick

PANAMA CITY, Fla. – Tuesday night, city officials and developer Robert Sonnenblick held a special meeting to reveal updated Marina Redesign Plans. Sonnenblick presented the public with a 3D model that provided a detailed showing of the revisions. The updated plans were designed and revealed after a string of special meetings to get public input.

“I’m excited about the marina project. I think having a lighthouse, restaurant, hotel, all of the things I’ve heard about it are really positive things,” said Little Mustard Seed Owner Greg Snow.

Snow has operated his business out of a shop off Harrison Avenue for two years. He, along with the commission, believe the revised plans will improve economic growth downtown.

“I’d really like to have some residents at the marina project, more people that will eat at our restaurants here, shop at our store, shop for a quick gift maybe on the way home,” said Snow.

“The mayor has said and all of us have said we want to unleash the potential of downtown Panama City, and this is the catalyst that can do that. This can bring Harrison Avenue to life,” said Panama City Commissioner Billy Rader.

Wayne Wright has been a Panama City resident for over thirty five years. He has followed the redesign plans every since they began years ago and remains hopeful that the project is actually moving forward.

“I think it would be beautiful now that they got the wheels in motion, if they can get it to go in the way that it’s supposed to go and everybody do their end of it,” said Wright.

Rader believes Sonnenblick has incorporated the components that citizens have emphasized the most.

“He can’t do everything that everybody he wants, but he’s going to do the best that he can and what his bank will allow him to do and what the commission will approve. Nothing has been approved. No contract has been signed. We need to be realistic about this,” said Rader.

The final plans for the redeveloped marina are due by late May. However, Sonnenblick is requesting an extension. The commission is assuring that more public meetings will be held before any plans are finalized.

View at MyPandle.com

Sonnenblick in the News: plans revealed at Panama City marina meeting

By Byron Khalil |
Posted: Wed 2:53 AM, Apr 26, 2017

PANAMA CITY, Fla. (WJHG/WECP) – Panama City commissioners are talking about new ways to bring more people to downtown through the area’s marina project. New designs were revealed at Panama City marina development meeting on Tuesday.

Bob Sonnenblick, the marina project’s developer showed a 3D design at the meeting. Some at the meeting say they were pleased to see a more detailed plan for the marina space.

In the meeting Sonnenblick announced two new additions to the existing marina design. The first was a series of factory outlet stores spanning over 150,000 sq ft. He says they will be high end stores that offer discounted prices. Sonnenblick says that should bring more foot and car traffic through the downtown area.

Sonnenblick’s second announcement was his plan to build properties on Beach Drive near the marina. He proposed two high rise buildings, one rental and one residential building.

“I am concerned about the boat trailers and the people that live here that like to use our waterfront. This is part of the reason we live here,” Lesley Fontaine said. She lives in Panama City.

“Then he’s added this new idea of retail that sounds interesting. I’d like for the stores to be more exciting than just saying outlet stores, but still it sounds like they really are bringing in people,” Camila Jimmerson said. She’s also a Panama City local.

During the open comment portion of the meeting some locals expressed concerns about traffic along Harrison Avenue. They say the current street conditions cannot handle more cars on the roads than it already does currently.

Throughout the meeting Sonnenblick made it clear these designs are not final. He even pointed out several things that could be changed before the meeting ended.

Sonnenblick says all parts of the new marina will be built at the same time in one phase. He estimates the entire project will take two years to complete.

View on WJHG TV

Sonnenblick’s marina dreams grow – Panama City

By ERYN DION News Herald Reporter
Tuesday Posted Apr 25, 2017 at 9:31 PM Updated at 10:39 AM

PANAMA CITY — Developer Bob Sonnenblick returned to Panama City on Tuesday night with big dreams and bigger promises for the marina redevelopment project, which now includes an outdoor outlet mall and white sand beach along East Beach Drive.

Saying he “would not leave” without answering everyone’s questions, Sonnenblick, along with his partners at Bellingham Marine, Florida Architects and GAC Construction held the floor for more than two hours, fielding questions, comments and concerns from the public, mainly focused on the boat ramp and potential parking.

It was the first time the developer has been in town since reviewing public comments regarding the project forwarded by the city. Many of those comments expressed concern that the project was becoming overcrowded and some residents were upset at the recent addition of outlet stores around the Marina Civic Center, particularly because they block access to the boat ramp.

“We will not build this project without boat ramps … and parking,” Sonnenblick told the audience, adding that the boat ramp, which he proposes to double in size, likely will be moved to the other side of the marina along East Beach Drive.

Also featuring heavily in the plans presented Tuesday were a pair of high-rise residential towers on property owned by George Kingston, who Sonnenblick referred to as a “partner.” The plans call for the relocation of East Beach Drive to accommodate the condos and a white sand beach across the road.

This is going to be an amazing beach,” Sonnenblick said.

With the addition of the residential towers, Sonnenblick hinted a grocery store might be back on the table for the downtown area, declining to state names, but saying it was an entity which had an agreement several years ago that fell apart.

Tuesday’s meeting also saw the debut of Bellingham Marine, Sonnenblick’s replacement for Legendary Marine, to answer questions regarding the actual marina function of the project. Manager of Project Development Steve Ryder said the new marina will have 236 slips and accommodate boats up to 200 feet long.

Sonnenblick also promised to keep a fishing pier, as well as a lighthouse, which in models shown during the meeting was more of a glass tower-type structure with a stairway and observation deck. Parking would be confined to garages flanking Harrison Avenue on either side of the marina’s entrance, as well as under a sloped esplanade running down the middle of the marina where the marina’s green space currently is located. The 9/11 memorial also would be moved, likely in front of the Civic Center.

Sonnenblick said the price tag on the project will be close to $300 million and construction will take two years. The developer said phased construction “wouldn’t work” and would be done all at once.

Above all, Sonnenblick emphasized nothing is set in stone with regards to the marina, especially because the city has not officially selected him as the project’s developer. His exclusive negotiating agreement with the city expires in May and will need to be extended, he said, for him to be able to conduct the feasibility studies he needs to move forward.

“We’ve redesigned the marina,” he said. “It will work now. It will be a working marina that will last 30 years.”

Residents were skeptical but encouraging during public comment, with many expressing hesitancy about the scale of the project, but wishing Sonnenblick luck.

A date has not been set for the next meeting.

Click to read on News Herald (plus comments)

Sonnenblick in town on Tuesday – at Panama City Hall

Bob Sonnenblick speaks at a Marina workshop meeting at Panama City City Hall on Tuesday.

Posted Apr 23, 2017 at 6:08 PM Updated Apr 23, 2017 at 6:17 PM

By KATIE LANDECK News Herald Reporter

PANAMA CITY — Developer Bob Sonnenblick will be back in town on Tuesday to answer questions and present changes to his vision for the downtown Marina redevelopment project.
Sonnenblick, who is an exclusive negotiating agreement with the city to try to win the project, was in town one month ago to show his designs. Since then, the city has forwarded comments and questions from dozens of citizens to him for review.

“We have carefully reviewed every single comment that was received from the community,” Sonnenblick said in an email. “We will address each one at the 4/25 meeting.”

The meeting will be at 6 p.m. at City Hall.

In conversations over the past month, Mayor Greg Brudnicki said he’s been pleased with the tone of the conversations with the developer.

“It’s been very positive,” he said.

Based on the most recent designs, residents have expressed concerns the project is overcrowded and in need of more green space and more panoramic views of the city’s waterfront. There was also consistent critique of a proposed movie theatre.

As a result, Sonnenblick said is team is making “design changes” this week to present at Tuesday’s meeting.

This will be the fourth version of the designs presented to the public since the exclusive negotiating period started last May, and officials such as the City Manager Jeff Brown have cautioned there will likely be many more. Past changes have included minimizing the “carnival area” and keeping the boat ramp.
The meeting is expected to also be attended by his partners Bellingham Marine, SMG Theatre, Marriot hotels and GAC construction.

People who still have questions are encouraged to submit them on the city website pcgov.org.

“He said he was going to address every single issue and wouldn’t have any problem,” said Brudnicki. “If there are any others left, please submit them ahead of time.”

Read on NewsHerald

Bob Sonnenblick to moderate Bisnow’s Second Annual Lodging and Innovation Series (BLIS) Conference

Press Release:

Bisnow’s Second Annual Lodging and Innovation Series (BLIS) Conference.

Bisnow Conferences Inc has selected Los Angeles-based real
estate developer Bob Sonnenblick, Chairman of Sonnenblick
Development LLC
, to moderate its “Unique Hotel Travel
Experiences” panel at their upcoming West Coast Hospitality
Conference on Friday April 21 in Downtown Los Angeles.

Venue: The LA Hotel- Downtown
Time: 9am to 6pm
California Grand Ballroom- 2nd floor
333 S. Figueroa St.
Los Angeles, CA 90071

For more information, please go to: www.bisnow.com
or call (202)-293-0370.

Bob Sonnenblick Panhandle Project: Special Report: The Marina’s Future

PANAMA CITY, Fla – The Panama City Marina has been the anchor for the downtown area since the 1950’s, but it wasn’t until 2014 that the city actually gained complete ownership of the facility from the state. That gave city officials the right to develop the marina, partnering with for-profit businesses. Some believe the right development could reverse a 40-year trend.

“How do we use the marina as a catalyst to build on to revitalize downtown? Because for the last 30 years, if you look at it, everything’s been a flight to the beach. There’s been a flight to 77, and downtown has continued to lose customers and lose business and it was time. So, when we got ownership, that gave us the ability to have public private ownerships on the property,” said Panama City Mayor Greg Brudnicki.

Last year, city commissioners hired Robert Sonnenblick, a Los Angeles developer with more than 30-years experience, and Peter Bos, a successful Destin businessman and developer, to envision the marina’s future. The new partnership, called NewCo LLC, has pitched what they call “rough” proposals.

Both Exhibit-A and Exhibit-B are similar, calling for hotel space, restaurants, entertainment or theaters, boat storage and service facilities, parking structures, apartments, and a major renovation of the marina civic center. Exhibit-B floats business names like Hilton and Marriott, Maguire’s Irish Pub, Jimmy Buffet spin-off’s Lulu’s and Landshark, and Bonefish Grill.

“It will spur people coming. If there are people coming, it will spur people to live downtown, and it will create jobs. We just want to make sure it’s done correctly and that whatever we do is beneficial to the public as a whole,” said Brudnicki.

“I’m not really keen on national themed chains,” said Panama City Commissioner John Kady.

Commissioner John Kady says he’s taking his cues from earlier public meetings, where residents told commissioners what they wanted at the marina.

“Those original guidelines – they’re very explicit. One – public access to the water, including boating and fishing, public and private entertainment venues for enjoyment, mixed retail, restaurant, office space, attractive and adequate parking facilities, civic activity space, connections to and elements of public art, an overall mix of projects that provide a substantial economic benefit to downtown, not just to this site,” said Kady.

“We asked to see restaurants on the marina. We asked to see a hotel. The civic center is, according to what we’ve talked about on our conference calls, an integral part of the deal. So, if you have people coming and staying at the hotel – going to upgraded shows at the civic center for the public – do you put a movie theater down there? There are some commissioners that say they don’t like that. I’ve talked to a lot of people that would love a movie theater downtown – that don’t want to go to Pier Park. Something for the locals,” said Brudnicki.

When commissioners cancelled Tuesday’s public meeting to hear the developer’s plans, criticized Kady decided to hold his own town hall, saying there’s not enough information available.

Brudnicki defends the decision.

“They weren’t ready. And I said, if you’re not ready, don’t come in here with some half-baked deal. We don’t want to see a piece of paper with scribbling on it. ‘We think we can do this. We know we can do this.’ We wanna see something – one – that we can eventually take to the public and say, guess what? They can deliver this. Do you want it?” said Brudnicki.

“This is being created for one purpose and that is that this will be the destination. It’s almost like they know they have a requirement to enhance the city so it’s like, ‘Oh yeah, of course this is gonna enhance the city.’ But it is intended to be a standalone,” said Kady.

“This is for, not only people that live downtown, but Bay County. This is for all over the region. But, if that doesn’t happen and we can’t do it, we’re going to exhaust all effort to make sure that we find out. Because we owe it to the public to unleash the potential of what we have downtown,” said Brudnicki.

Peter Bos stressed that anyone is yet to see his and Sonnenblick’s final marina development plan.

The public should get it’s first look on March 14th.

Sonnenblick Development Panama Downtown Starts to take place

Wednesday
Posted Dec 28, 2016 at 4:45 PM
Updated Dec 28, 2016 at 4:45 PM

Panama City officials are expecting the new marina development, which moved into the planning stage this year, to be the catalyst the area has needed to move into a new era.

By Katie Landeck | 522-5114 | @PCNHKatieL | klandeck@pcnh.com
EDITOR’S NOTE: This story ranked No. 4 in a News Herald editorial poll of 2016’s top stories. This series will continue through Jan. 1 and online at newsherald.com.

PANAMA CITY – Little by little, Panama City leaders have laid the groundwork this year for the revival of Panama City’s downtown.

Panama City officials are expecting the new marina development, which moved into the planning stage this year, to be the catalyst the area long has needed to advance into a new era.

“This (project) releases the potential of downtown,” Mayor Greg Brudnicki said in August after tentative design plans were first unveiled.

Riding the unrealized potential, nearly a half-dozen other projects were launched in 2016, ranging from the creation of apartments, to business investments, to other beautification efforts. Community leaders are hoping the domino effect of projects will build a “live, work, play” environment in the downtown, perhaps best summed up the Downtown Improvement Board (DIB) brand promise released this fall.

Their vision pledges to create “walkable community that provides urban loft living, authentic experiences and access to recreation” as well as places to work and a view of the bay.

A new look

All through the year, Panama City residents were offered a taste of what could come for the downtown as design plans trickled out.

In April, they received their first taste of the immediate future for the downtown when the Community Redevelopment Agency (CRA) released a video of the redesigned Harrison streetscape, with parallel parking, new landscaping, a roundabout and much wider sidewalks to accommodate outdoor shopping and dining.

While plans to start construction this year fell through, CRA Director Jared Jones said work will start next year. In the meantime, he and his staff are tweaking the designs, including looking at whether any palm trees will stay.

The biggest proposed changes, however, came in August when Sonnenblick Development released a proposal for $200 million worth of construction on the marina. The plans have since gone through several iterations as things have been deleted and added as part of an ongoing back and forth between the City Commission and developer.

The latest designs, released in late December, emphasize entertainment, fishing and cultural opportunities, and maintain the signature lighthouse first proposed. Construction is a ways away, but the plans should take a solid form in 2017.

The business side

The business side of the downtown saw a boost this year as store owners, quasi-government agencies and even the police departments started to change the culture.

For years local officials have said their needs downtown are living spaces and jobs, and those pieces finally started to fall into place. Several store owners turned the space above their business into apartments with instant success, and Jellyfish Health, a health-care technology company, moved into a larger downtown building on Oak Street – they already had a smaller presence on Harrison – with the promise to add 100 high-paying jobs in the next two years.

“These people have sort of jumped the gun to do it at a lesser cost,” Brudnicki said. “Once the marina is done and successful, the price is going to go up.”

Government spent the year working to bolster these efforts.

The police stepped up to more aggressively police vagrancy in the downtown at the request of business owners. Destination Panama City worked to market the shops – as well as the rest of the city – to outside markets, such as Atlanta, Baltimore and Nashville, Tennessee, even landing several restaurants in the pages of USA Today. The city bought the Trustmark Bank building in the heart of the downtown with promises to add foot traffic, vibrancy and more importantly parking.

And then the DIB, after a rocky summer marred by firing its executive director, resignations and a general lack of direction, the board found its footing this fall with an assist from Jennifer Vigil, CEO and president of Destination Panama City. The board found a path forward as the local marketers for the downtown, hired an event planning company to improve events, particularly a rebranded Friday Fest, and put forward a new marketing campaign renaming the downtown “Harrison.”

Yet to come

All of this planning, officials said, poises the downtown area for a strong 2017.

“We have made huge strides in getting Panama City on the map as a tourist destination,” Vigil said. “And our timing couldn’t be better as our city leaders announced an agreement this year to work with Sonnenblick Development LLC on the redevelopment of the Panama City Marina. We are laying the groundwork now to support this new multimillion-dollar investment in our community.”

The mayor put it even more simply.

“Good things are already happening,” Brudnicki said. “I anticipate more of that.”

READ MORE AT NEWS HERALD

Sonnenblick Development starts to take place downtown Pananam

Details of PC Marina financing plan released by Sonnenblick Development

Posted Dec 16, 2016 at 6:00 PM Updated Dec 17, 2016 at 11:50 AM
The new documents show the look of the project, dubbed MarinaVillage, has remained largely consistent with designs presented in August, emphasizing recreational activities to draw people in. Rough estimates indicate Panama City stands to make hundreds of millions from associated leases and taxes
By KATIE LANDECK
News Herald Reporter

PANAMA CITY – A clearer picture of the anticipated costs of the marina redevelopment and how the completed project might look have come into focus with the release of Sonnenblick Development’s financing proposal.
Documents received Thursday show the look of the project, dubbed MarinaVillage, has remained largely consistent with designs presented in August, emphasizing recreational activities to draw people in. And rough estimates indicate Panama City stands to make hundreds of millions from associated leases and taxes.
City officials cautioned the proposal is not a done deal, and they still are waiting on more information about the budget, timeline and other aspects of the proposal.

A tremendous amount of detail is yet to come,” City Attorney Nevin Zimmerman said Friday.
As it stands, some key changes to the design include the addition of a fishing pier, a boat sales and service area, a movie theater, a convention center and a possible apartment complex in “phase II.” A plan for dry boat storage and arcade have been deleted from the plans.

“I think it’s closer to what the commissioners want,” said City Manager Jeff Brown, who oversees the project. But, he cautioned, “this is not the end-all, be-all. This is the starting point.”

READ ORIGINAL…

Comparing the August and December marina designs

What’s the same:

  • The bulk of the marina still is being transformed into an outdoor play area similar to HarborVillage in Destin, with an amphitheater, outdoor marketplace, restaurants, lighthouse and water shuttle.
  • There still will be about the same number of places to park a boat.
  • Sonnenblick Development still is planning to pay to revamp the Marina Civic Center.
  • There still are plans to add up to two parking garages near the entrance.
  • The current Bay County government building still will be removed.

What’s changed:

  • A plan for dry boat storage has been removed. A boat service and sales area has been added in its place, as well as a potential 100-unit, nine-story apartment complex in Phase II. As part of these changes, the city attorney said there is talk of keeping the boat launch.
  • A plan to use the old library building for hotel facilities space and the current City Hall as an arcade has been nixed. Instead, they are proposing two hotels – first, a 150-room Marriott, and then a 150-room Hilton in Phase II – and a movie theater and convention center.
  • The “yacht club” has been renamed a “marina club.”
  • A fishing pier has been added to the southeast corner of the T-dock.

Sonnenblick: Panama City gets financial plans for marina

The financing proposal, delivered late Thursday, outlines what Sonnenblick Development believes is financially feasible for the project and offers to invest a substantial sum in the city, according to City Manager Jeff Brown

A crew works on the T-dock at the Panama City Marina earlier this fall. ANDREW WARDLOW/NEWS HERALD FILE PHOTO
Thursday
Posted Dec 15, 2016 at 6:53 PM

Panama City gets financial plans for marina

The financing proposal, delivered late Thursday, outlines what Sonnenblick Development believes is financially feasible for the project and offers to invest a substantial sum in the city, according to City Manager Jeff Brown.

By Katie Landeck | 522-5114 | @PCNHKatieL | klandeck@pcnh.com
PANAMA CITY – The developer for the Panama City Marina project has sent the project’s financing proposal to the city, meeting its deadline on the nose.

The financing proposal, delivered late Thursday, outlines what Sonnenblick Development believes is financially feasible for the project and offers to invest a substantial sum in the city, according to City Manager Jeff Brown. It also marks the beginning of serious negotiations between city leaders and developers about what will be built.

“We’ve been talking in generalities with Sonnenblick about things they want to do,” Brown said. “Now we’re at the point we’re looking at the business side, and the question is, ‘What can they do?'”

In this upcoming phase, it will become clear how much money the city will be expected to pay for the project, what the impact will be on existing infrastructure, what will happen with existing boat slip renters and what actually will be built.

The proposal was not made available to The News Herald late Thursday, as it was submitted after the city’s business hours.

Brown cautioned it will take the city weeks to fully analyze the proposal, emphasizing it’s not a done deal. The analysis will look at how the project could generate growth for the city, how it fits into the long-term vision for the downtown and whether it meets citizens’ needs.

The city commissioners plan to talk about the proposal at upcoming meetings and then hold a separate public workshop once they have a better understanding of the plans.

“Before we make a decision, before we vote on anything, we are going to bring it to the public,” Mayor Greg Brudnicki said. “We are going to say, ‘We think this is good; what do you think.’ ”

The financing proposal also will be made available on the city’s website, www.pcgov.org, under the section for public comments.

“We all feel it is important to get public input,” Commissioner John Kady said.

The original designs, which repeatedly have been called a rough draft, included a lighthouse, carnival area, dry boat storage, two hotels and much more. Many of the items, such as the dry boat storage, have faced scrutiny from commissioners.

Until the financing proposal is released, it’s unclear how the feedback from commissioners might have changed the design.

READ ORIGINAL

Panama City votes to advance marina project

newsherald_logo
Panama City votes to advance Sonnenblick marina project

With the yes vote, the commission has given developer Bob Sonnenblick the go-ahead to begin feasibility studies that examine what types of businesses the marina would best support, including types of hotels and marina activity.

By KATIE LANDECK
News Herald Reporter

PANAMA CITY — In a 4-1 decision, the Panama City Commission voted Tuesday night to continue to work with Sonnenblick Development on the marina redevelopment, moving the project into a phase that opens the door to more public comment and starts feasibility studies.

“All this is is the next step forward,” Mayor Greg Brudnicki said.

With the yes vote, the commission has given developer Bob Sonnenblick the go-ahead to begin feasibility studies that examine what types of businesses the marina would best support, including types of hotels and marina activity. Sonnenblick previously has said he is planning to spend “several hundred thousand dollars” on studies.

He is expected to formally report back on his findings Dec. 15, as the commission voted to give him a one-month extension.

The sole no vote was from Commissioner John Kady, who made it clear he supports Sonnenblick and thinks he is “the guy” but voted no due to several concerns. He said his primary concern is that starting the feasibility study would be misguided until the commission gives unified input on the MarinaVillage proposal that Sonnenblick presented — with the help of Destin developer Peter Bos of Legendary Entity — during the commission’s August meeting. Kady felt that starting the studies without input was potentially a waste of money.

“I don’t want to set him loose to start working until he knows the consensus of the commission,” Kady said.

Other commissioners and two lawyers assured Kady that is not what was happening, pointing to Sonnenblick being given and incorporating feedback into the design. For example, a proposed dry boat storage facility already has been scratched and more public space has been added. Over Labor Day weekend, all of the commissioners provided Sonnenblick with feedback behind the scenes about what they liked and disliked about the plans.

Moving forward, Brudnicki said the commission will continue to provide feedback in real time, and Commissioner Billy Rader agreed with Kady’s request for more public meetings to discuss.

Public comments

During Tuesday night’s packed meeting, the commission heard numerous public comments that ranged from a request to “stop it now” to people saying they “loved it.”

But as Commissioner Mike Nichols repeatedly has pointed out, nothing about the current plan is final.

“It’s pretty pictures. It’s not necessarily what you are going to do,” he said.

Kady also expressed concerns about Sonnenblick’s choice of Bos as a business partner, as the agreement shows Bos’ company, which has a complicated legal and financial history, as having a 20 percent stake in a new limited liability company that will be formed to work on the project.

City Attorney Nevin Zimmerman also worked to answer those questions.

While the legalese is complicated, essentially in the agreement Sonnenblick has set up his company as the managing entity, meaning he will be making all of the decisions and Panama City is only contracted with him.

Read On Newsherald.com

Panama City set to take next step with marina

newsherald_logo

Panama City Marina Village Proposal

Panama City Marina Village Proposal

Many more details are yet to be ironed out.

By KATIE LANDECK
News Herald Reporter

PANAMA CITY — Taking the next step forward with the marina redevelopment, the Panama City Commission will vote Tuesday on whether to continue to work with Sonnenblick Development.

During a 5 p.m. meeting, the commission will publicly go over the proposed plan for the redeveloped marina, called MarinaVillage, for the first time since developer Robert Sonnenblick, the principal of Sonnenblick, presented it in August. The current design, which can be amended as the project moves forward, calls for waterfront dining, boat storage, family-friendly activities and a lighthouse. Approval of that proposal is dependent on what the feasibility studies find.

The studies “will look at some of the bigger pieces of the things that have been proposed and make sure they are financially feasible,” said City Manager Jeff Brown. “If they’re not feasible, we’ll work to adjust.”

While the whole plan may be talked about, the commission is only voting on whether they want to continue to work with Sonnenblick, and by extension, his partner for this project, developer Peter Bos of Legendary Entity, who has a 20 percent stake. The commission is not voting to approve the designs.

“The vote is only to continue the process with the developer,” said Mayor Greg Brudnicki. “Our contract is with Sonnenblick. … He’s the main guy.
A yes vote would give Sonnenblick the go-ahead to start working on feasibility studies and design work. Sonnenblick said he plans to spend several hundred thousand dollars in this next phase. Approval of that proposal also is dependent on what the feasibility studies find.

While the majority of commissioners gave the tentative designs a glowing review following the August meeting, Commissioner John Kady has been vocal about his reservations.

Instead of a “simple up and down vote,” he said he hopes to facilitate conversation about what commissioners and the public like and dislike about the proposed MarinaVillage to help guide the feasibility studies. “There has been a large outpouring of interest,” he said. “I hope we take the time to hear from each and everyone and have the opportunity to deliberate.”

Kady, for instance, has reservations about the “carnival” atmosphere that a games area in the center of the marina would create, worried it would be inconsistent with Panama City’s branding. He also has concerns about working with Legendary Entity, as the company has a “high risk,” with a low viability rating by financial consultants Dun & Bradstreet as well as ongoing lawsuits.

Kady had asked for a workshop prior to Tuesday’s meeting, but there was never “any consensus” among commissioners about having one, according to Brown.

Brudnicki said he prefers to wait to discuss the plans until after the feasibility studies, saying he “wanted to see what was feasible first” in order “to make sure if we put something out there, we can deliver it.”

The meeting will be at 5 p.m. Tuesday at City Hall, 9 Harrison Ave.

Read on Newsherald.com

PANAMA CITY, Fla. Panama City leaders finally took steps forward with the city marina project at Tuesday’s Commission meeting.

PANAMA CITY, Fla.

Panama City leaders finally took steps forward with the city marina project at Tuesday’s Commission meeting. The developer, Sonnenblick Development LLC, presented commissioners with a rough outline of what the marina might look like when the project is complete.

“I was never satisfied with anything that we had looked at in the past and I see something here that’s going to be attractive, that’s going to lure people to come to our marina,” said Panama City Mayor Greg Brudnicki.

At the commission meeting, Sonnenblick presented city leaders with businesses that are already interested in investing.

“Marriott Corporation has come back to us and said they absolutely love this project,” said Sonnenblick Development LLC President Robert Sonnenblick.

The hotel would be around 160 to 175 rooms, geared toward families.

“Marriott came back very positive for this property and that is kind of our anchor tenant, if you will, for the project and we’re very excited about that,” said Sonnenblick.

Plans also show a row of water front restaurants.

“Big patios, overlooking the water and a very exciting group that will draw people to this project,” said Sonnenblick.

There was also talk about a water taxi shuttle, multiple parking garages, retail, and converting the city hall building into a family entertainment center.

“This creates an ambiance downtown that can release the potential of the rest of downtown,” said Brudnicki.

“We’re excited to have you guys interested in our property. Panama City and the St. Andrews area are a great place,” said Panama City Commissioner Mike Nichols.

Although commissioners are excited about these plans, nothing Sonnenblick presented is concrete quite yet.

“This is nothing but a plan view with stuff on it. Preliminary, and so there’s plenty of time for input and changes and that sort of thing,” said Panama City Commissioner John Kady.

Sonnenblick will be presenting the commission with hard numbers and plans at their November meeting.

Panama City commissioners move forward with early plans for city marina project

Larissa Scott

By Larissa Scott | lscott@wmbb.com

Aug 18, 2016 Westside Los Angeles State of the Market Conference

PRESS RELEASE: Los Angeles, Calif. August 1, 2016
Hotel developer Bob Sonnenblick, Chairman of Sonnenblick Development LLC, has been chosen by RENTV/ RECG Conferences to moderate the L.A. Hotel Industry Update panel at the upcoming “Westside L.A. State of the Market” Conference on Thursday
August 18 at 8:30am
at the DoubleTree Hotel in Culver City.

Westside Los Angeles State of the Market Conference

Westside Los Angeles State of the Market Conference
August 18, 2016
DoubleTree by Hilton LA Westside
6161 W. Centinela Ave.
Culver City, CA 90230

7:15 am Registration
7:30 am Breakfast
7:55 am – 12:00 pm Program

PROGRAM AGENDA:

Industry leaders gather to discuss the State of the Commercial Real Estate markets throughout the
Westside of Los Angeles

7:55 AM RETAIL PANEL
Bob Champion, President, Champion Real Estate Company
Felix Gutnikov, Partner | EVP, Origination, Thorofare Capital
Alex Kozakov, Senior Vice President, CBRE | Capital Markets
Others to Be Announced

8:40 AM HOSPITALITY and ONE BEVERLY HILLS PANEL
Bob Sonnenblick, President, Sonnenblick Development
Jay Newman, Chief Operating Officer, Athens Development

9:15 AM MULTIFAMILY PANEL

Ken Kahan, Founder & President, California Landmark
Kitty Wallace, Senior Vice President, Colliers
Abraham Mehrian, President & Co-Founder, Strategic Legacy Investment Group
Henry Manoucheri, Chairman & CEO, Universe Holdings
Others to Be Announced

For more conference info, call 310-242-8613

More Info

Developer Bob Sonnenblick, Chairman of Sonnenblick Development LLC, to speak on Hotels 6-21-16: RENTV Greater LA Development Conference

Event_reg_rentv

HOTELS

Bob Sonnenblick, Principal, Sonnenblick Development

Greater Los Angeles Development Summit
DoubleTree by Hilton LA Westside
6161 W. Centinela Ave.
Culver City, CA 90230

7:15 am Registration
7:30 am Breakfast
7:55 am – 12:00 pm Program

PROGRAM AGENDA:
Bringing together major players in commercial real estate development to discuss their projects
and how to get projects built in the Greater LA area.

Bob_Sonnenblick_Speaker_Hotels

Los Angeles-based hotel developer Bob Sonnenblick, Chairman of Sonnenblick Development LLC, has been chosen by Rent TV Conferences Inc. to speak at their upcoming Greater LA Development Conference on the status of the L.A. County hotel market. Mr Sonnenblick will also discuss the firm’s new $80 Million USC Hyatt House Hotel, being developed by Sonnenblick SC LLC on the USC Medical Center Campus.

For more info, please see www.SonnDev.com or www.Rentv.com or call 310-242-8713

Panama City commissioners approve negotiation agreement for possible marina project with with California-based Sonnenblick Holdings

Updated: Wed: 10:53 PM, MAY 11, 2016

Panama City commissioners approve negotiation agreement for possible marina project

PANAMA CITY, Fla. (WJHG/WECP) – Some big changes could be coming to Downtown Panama City. On Wednesday, Panama City commissioners approved an agreement they believe will boost tourism in the city.

Improvements to the marina have been in the work’s for months, and now another new marina project could be on the horizon.

“The biggest things that are happening in North Florida from Pensacola to probably Jacksonville with this type of development and residential development is happening right here in Panama City,” said Commissioner John Kady.

Commissioners unanimously approved an exclusive agreement with California-based Sonnenblick Holdings at a specially called meeting.

If the plans move forward there’s a lot of exciting possibilities on the table for the marina including new hotels, hundreds of parking spots, new housing, a garage, and even a row of waterfront restaurants and shops.

“Whatever’s best to help revitalize,” said Panama City Mayor Greg Brudnicki. “We know that we need retail. We know that we need, you know, retail. We’d like to see retail downtown as far as on the marina, and a hotel, and more people living downtown.”

Over the next few months, Sonnenblick will develop a plan to overhaul the downtown Panama City Marina area. The agreement outlines several tentative ideas for development, such as thousands of square feet dedicated to retail and office space.

“We might be coming to you for two different hotels not just one and we are of the opinion that the more hotel rooms, the more tourism is generated for the downtown and will make the project that much bigger,” said Robert Sonnenblick, Chairman of Sonnenblick Holdings.

Mayor Brudnicki says if the company meets its deadlines, the city could break ground within a year. Commissioners say they’re excited to work with a team with such a high level of expertise.

“I call it an all star team of guys that have experience. They’ve done this before in other markets and there’s no substitute for experience,” said Commissioner Billy Rader

Mayor Brudnicki says the city would have to do some things to prepare, like increase water and sewer capacity, but he says they’ll make sure they meet those goals.

See on WGHG TV

CLICK HERE

Panama City to enter exclusive negotiations with new marina developer – Robert Sonnenblick

newsherald_logo

As developer Robert Sonnenblick outlined plans for the Panama City Marina project, city commissioners could not stop saying how “impressed” and “excited” they were.

By KATIE LANDECK
News Herald Reporter

Posted May 11, 2016 at 11:01 AM
Updated May 11, 2016 at 5:07 PM

PANAMA CITY — As developer Robert Sonnenblick outlined plans for the Panama City Marina project, city commissioners could not stop saying how “impressed” and “excited” they were.

“I’ve met numerous developers,” Commissioner Billy Rader said. “This an A-team of people that have been assembled. … They have experience. They have done this before.”

During a special meeting Wednesday, the commission entered in an agreement to negotiate exclusively with California-based Sonnenblick Development Inc. for one year. City manager Jeff Brown called the agreement a “giant step forward,” as it could signal the end of the city’s year-and-a-half-long quest to find the right developer.

Click for Full Article

Bob Sonnenblick Panelist – May 5th 2016 – FIBI Creative Financing Options for Commercial Real Estate

Bob Sonnenblick Panelist – May 5th 2016 – Los Angeles – For Investors By Investors (FIBI) Creative Financing Options for Commercial Real Estate

For Investors By Investors (FIBI) announces that Mr Robert Sonnenblick will be speaking at their upcoming real estate conference on May 5 in Downtown Los Angeles.

Creative Financing Options for Commercial Real Estate

Thursday, May 5, 2016

6:00 PM

Double Tree Hotel

120 South Los Angeles Street, Los Angeles, CA (map)

Topic: Creative Financing Options for Commercial Real Estate

How would you like to get equity financing that is long-term, fixed, non-recourse, and can be passed through to tenants, hotel guests, and even to the next owner!

We’ll also be talking about EB-5 financing in commercial real estate.  Come learn and network with our panel of experts and attendees–your next business opportunity may be waiting for you.

Panelists:

Matthew Harrigan, Managing Director, PACE Equity (www.pace-equity.com)

Robert Sonnenblick, Principal of Sonnenblick, LLC (http://www.sonndev.com)

Michael G. Homeier, Esq., Founder, Homeier & Law, P.C. (http://homeierlaw.com)

Commercial Real Estate State of the Market Bob Sonnenblick Keynote Speaker

Bob Sonnenblick Keynote Speaker at the 2016 Sacramento Commercial Real Estate State of the Market

 

Sacramento
Commercial Real Estate State of the Market
May 12, 2016
HYATT REGENCY SACRAMENTO
1209 L Street, Sacramento, CA 95814

7:15 am Registration
7:30 am Breakfast
7:55 am – 12:00 pm Program

PROGRAM AGENDA:
Industry leaders gather to discuss the State of the Commercial Real Estate markets
throughout Sacramento

KEYNOTE SPEAKERS
Bob Sonnenblick, Principal, Sonnenblick Development
Rex Hime, President & CEO, Calif Business Properties Association

Bob Sonnenblick to moderate: Real Estate Financing Strategies panel at IMN Real Estate CFO Forum 5-10-2016

Press release: Los Angeles,
California April 22, 2016

NY-based IMN Conference Network has chosen Los Angeles-based real estate developer Bob Sonnenblick, Chairman of Sonnenblick Development LLC, to moderate the “Real Estate Financing Strategies’ panel at their upcoming Real Estate CFO Forum Conference, on May 10th at the St Regis Monarch Beach Hotel in Dana Point, California.

Mr. Robert Sonnenblick will moderate the 4pm CrowdFunding March 10th, 2016

Press Release: March 1, 2016-New York City, N.Y. IMN Conferences has announced that Mr. Robert Sonnenblick, Chairman of Los Angeles-based Sonnenblick
Development LLC will moderate the 4pm CrowdFunding panel at their upcoming March 10th conference at the Marriott Downtown Hotel in NYC.

Lessons_Learned_Pitfalls_and_Mistakes

  • Choosing the right platform for your deal
  • How to make sure your project can be sold
  • How much $$ can you raise?
  • CMBS defaults
  • Looking for bad actor partners
  • Technology guys vs. real estate guys
  • Portal senior management structure
  • Interstate deals: What does it take for a New York company to go over the George Washington Bridge and do a deal in New Jersey?
  • Biggest campaign killers

For more information

Information Management Network

Click here

Crittenden Conferences Inc announced: Mr. Robert Sonnenblick, Sonnenblick Development LLC, to moderate the Hotel Development and Finance panel

Session 602 April 19 2016-Crittenden

Tuesday, April 19, 2016 | Omni San Diego

9:00am -10:00am

#602 – Hotel Development and Financing

Moderator: Bob Sonnenblick – Sonnenblick Development LLC
Mark Strauss – Cohen Financial
Thomas Whitesell – CapitalSource
Malcolm Davies – George Smith Partners

Press Release: San Diego, Calif.-Feb.25, 2016

Crittenden Conferences Inc has announced that Mr. Robert Sonnenblick, Chairman of Los Angeles-based Sonnenblick Development LLC, has been chosen to moderate the Hotel Development and Finance panel at their upcoming Crittenden National Real Estate Conference in San Diego, California. The conference will be held at the Omni Hotel in Downtown San Diego.

Crittenden-Sonnenblick-Press Release

Sonnenblick Development – Contractor selected to build Sacramento International Airport hotel

The 150-room hotel is a design-build project, so the general contractor is an integral partner in the planning. A permitting meeting is set for Monday with Sacramento County and the development team, said Bob Sonnenblick, principal of Sonnenblick Development LLC of Los Angeles, the developer of the hotel. Mark Anderson
Staff Writer Sacramento Business Journal

Contractor selected to build Sacramento International Airport hotel

Sundt Construction will be the general contractor of the long-delayed Hyatt Place hotel at Sacramento International Airport.

Shimahara Illustration

Sundt Construction will be the general contractor of the long-delayed Hyatt Place hotel at Sacramento International Airport.

The 150-room hotel is a design-build project, so the general contractor is an integral partner in the planning. A permitting meeting is set for Monday with Sacramento County and the development team, said Bob Sonnenblick, principal of Sonnenblick Development LLC of Los Angeles, the developer of the hotel.

The hotel won approvals from Sacramento County in January last year, but Sonnenblickand his previous general contractor had a falling out, which delayed the project. Sonnenblick declined to name the previous general contractor.

Sundt is based in Tempe, Ariz., and it has nine offices in Arizona, California and Texas, including an office in South Natomas, just a few miles from the airport.

In the interim between its initial approval and now, Sonnenblick had a feasibility study done that found the hotel would do better with larger suites and more of them, so he added 15 rooms, including some as large as 650 square feet. Regular suites are about 450 square feet.

“We don’t want to be just a limited-service hotel. We want to get some higher-end clientele as well,” he said.

Construction will be a prevailing wage project and Sonnenblick has a handshake agreement to allow UNITE HERE Local 49, the hotel employees union, to represent the eventual hotel workers at the Hyatt Place, which could open in the summer of 2018. A groundbreaking is expected this summer, he said.

The airport would bring significant business to the hotel. Many flights out of Sacramento leave very early in the morning, so travelers from all over Northern California could use the hotel to arrive the night before traveling. Also, the hotel, like the airport, is right off Interstate 5, which can generate demand from auto travelers.

Another potential business for the hotel is air crew rooms. Many airlines have contracts that require them to house flight crews in nearby hotels.

READ MORE…

Robert Sonnenblick in the news: Why new airport Hyatt is behind schedule – and why it’s getting bigger

A rendering for a Hyatt Place hotel proposed for Sacramento International Airport, which the developer now wants to expand to add more rooms.

A rendering for a Hyatt Place hotel proposed for Sacramento International Airport, which the developer now wants to expand to add more rooms.
– Shimahara Illustration

Sonnenblick Development Why new airport Hyatt is behind schedule  and why it's getting bigger
Dec 4, 2015, 7:01am PST

The Hyatt Place hotel proposed for Sacramento International Airport will get more and larger rooms.

The 135-room project in January won approval from Sacramento County, which operates the airport. Developer Bob Sonnenblick recently won its approval to add 15 luxury suites to the property.

Sonnenblick, principal of Sonnenblick Development LLC of Los Angeles, said feasibility studies showed the hotel will do better with more rooms and the addition of the big suites.

The new design calls for 10 suites of 650 square feet, five junior suites and the original 135 suites, which are on average 450 square feet, he said. The five-story hotel will be wider, but not taller with the extra rooms.

Sonnenblick said he hopes to be under construction in the second quarter next year and then work through about 15 months of construction. That would put the opening of the new hotel in summer or fall of 2018.

Construction was to have started earlier this year, but Sonnenblick and his previous general contractor had a falling out on the project. Sonnenblick plans to name the new contractor later this month. Sonnenblick Development LLC will build, operate and own the hotel, which will be between the airport’s main commercial terminals. He said he has lined up construction financing.

The airport is a demand driver for the hotel. Many flights out of Sacramento leave very early in the morning, so travelers from all over Northern California could use the hotel to arrive the night before traveling. Also, the hotel, like the airport, is right off Interstate 5, which can generate demand from drivers. Another potential business for the hotel is air crew rooms. Many airlines have contracts that require them to house flight crews in nearby hotels.

Hyatt Place is a limited-service property. Locally, there are Hyatt Place properties in Davis, Rancho Cordova and Roseville.

Sacramento County has been seeking a hotel for more than a decade. The previous hotel at the airport, the Host Airport Hotel, was successful, but was demolished for the expansion of the airport’s new terminal and parking garage.

Mark AndersonMark Anderson
Staff Writer
Sacramento Business Journal

Read more on Sacramento Business Journal

Bob Sonnenblick – EB-5 funding – Why Investors and Lenders Are Betting on LA’s Hospitality Market –

ROBERT_SONNENBLICK BIZNOW HOTEL NEWS
Nov 23, 2015 Patricia Kirk, Reporter
As the LA market continues to heat up across all sectors and with a fear of looming interest rate hikes, financing major developments has become a hot topic. For hotels, one of the hotter strategies is EB-5 funding.

San Francisco-based developer Sonnenblick’s principal, Bob Sonnenblick (pictured here with Athens Group COO Jay Newman), launched the discussion of hotel investment and development at Bisnow’s 3rd Annual LA Hospitality Boom event last week, discussing capitalization of an $80M hotel his company is developing on USC’s medical campus. San Francisco-based developer Sonnenblick’s principal, Bob Sonnenblick (pictured here with Athens Group COO Jay Newman), launched the discussion of hotel investment and development at Bisnow’s 3rd Annual LA Hospitality Boom event last week, discussing capitalization of an $80M hotel his company is developing on USC’s medical campus.

In financing the project, his firm put up 25% equity and secured a loan for 50% of the cost at 5% interest. But instead of filling the 25% equity gap with mezzanine money at 12% to 14%, his firm leveraged EB-5 funds at “an unbelievable 6%” rate, he says. “EB-5 money is a game changer,” Bob says. He noted EB-5 doesn’t work for everyone, as securing funding is a one-year process. “We had time to wait, because it took that long to get the project entitled,” Bob says. The program may not be available much longer; Congress is scheduled to consider a bill to limit it.

Read more at BIZNOW

Robert Sonnenblick, Chairman of Sonnenblick Development LLC, has been chosen to moderate a panel: PERE Real Estate Summit in NY Nov 12 2015

Robert Sonnenblick, Chairman of Sonnenblick Development LLC, has been chosen to moderate a panel: PERE Real Estate Summit in NY Nov 12 2015
Press Release: New York City.

PERE Conference Corp. has announced that Los Angeles-based real estate developer, Mr. Robert Sonnenblick, Chairman of Sonnenblick Development LLC, has been chosen to moderate a real estate panel at their upcoming PERE Real Estate Summit in NY on November 11th, 2015.

The panel is titled: “The Cycle continues, a correction is inevitable…”.

For more info, go to www.perenews.com

Agenda

12:10 As the cycle continues a correction is inevitable: Balancing investments for a future downturn
How are we factoring the anticipation into our investment strategy now? Will there be appreciation in both long/short term assets?

  • Determining asset allocation for a bullet proof portfolio
  • Defining risk in tomorrow’s market
  • Total return vs. Cash flow – can we have both

Moderator:
Mr. Robert Sonnenblick, Chairman, Sonnenblick Development LLC

Panel Members:
Todd Henderson, Head of Real Estate, Americas Deutsche Asset & Wealth Management
Chris McEldowney, Managing Director, Real Estate, New York Life Real Estate
Jay Morgan, Senior Consultant, Courtland Partners

More info…

Robert Sonnenblick, Chairman of Sonnenblick Development LLC, will moderate the Real Estate Cycle panel at the Real Estate Capital Finance Forum in NYC Mon.Nov 9th, 2015

RECNY15_web_headerNov-9-2015

Press Release: New York City. New York

Real Estate Capital Magazine has announced that Los Angeles-based real estate developer Robert Sonnenblick, Chairman of Sonnenblick Development LLC, has joined the agenda for their upcoming Real Estate Capital Finance Forum to be held in NYC on Monday November 9th. Mr Sonnenblick will moderate the “Real Estate Cycle” panel. The conference will be held at the Convene Conference Center on Third Avenue, and will begin at 8am. Conference Registration is available at (646)-854-7950.

3:45 Panel session

Hear from the borrowers: where are we in the real estate cycle?

  • Where are the greatest opportunities for borrowers in the US market today?
  • Sector focus: what’s next? Will a focus on multi-family that drove the post-crash recovery shift to hospitality/retail/office/industrial?
  • What is the borrower’s response to the changing landscape of lenders?

Moderator:
Bob Sonnenblick, Chairman, Sonnenblick Development, LLC
Panelists:
Chris Niehaus, Partner, GreenOak Real Estate
Christa Chambers, Chief Financial Officer, Kemper Development Company
Phil Watkins, Principal, Megalith Capital

 

Click for more information

Bob Sonnenblick at Bisnow’s annual Lodging Investment and Innovation Series

Bob Sonnenblick EB5 Biznow

Bisnow/BLIS Hotel Conference – Washington DC

Oct 20, 2015

While Bill and Debbie were the highlight of the day, the 400 or so attendees were treated to a Sheila Johnson keynote and state of the hotel industry, covered yesterday. In the afternoon, the crowd was given an update on EB-5 financing from a panel of Polsinelli’s Dawn Lurie, Wright Johnson’s Aaron Goforth (he’s the one with the man-bun), Sonnenblick Development CEO Bob Sonnenblick, EB5 Capital founder Angel Brunner, who moderated in the style of Anderson Cooper, Homeier & Law’s Clem Turner, and NES Financial’s Reid Thomas. EB-5 is a vehicle for immigrants to invest in real estate. It’s a convoluted and complicated process, but it can be worth it. “The bottom line is always money,” Bob says. “The EB-5 mezzanine deal we just finished was at 6%. If you’re able to borrow mezz money at 6 instead of 12% to 13%, it’s going to save you millions of dollars over your transaction.”

click for full article on BIZNOW

Plans pulled for second golf course at Chambers Bay

The now legendary lone fir stands out amid the rolling landscape of the links style golf course at Chambers Bay. An 18-hole golf course and a large resort-hotel are no longer planned for Chambers Bay in University Place. Instead, Pierce County officials have asked the California developer behind the project for a smaller development. Dean J. Koepfler Staff file

The now legendary lone fir stands out amid the rolling landscape of the links style golf course at Chambers Bay. An 18-hole golf course and a large resort-hotel are no longer planned for Chambers Bay in University Place. Instead, Pierce County officials have asked the California developer behind the project for a smaller development. Dean J. Koepfler Staff file

By Brynn Grimley
Staff writer

An 18-hole golf course and a large resort-hotel are no longer planned for Chambers Bay in University Place.

Instead, Pierce County officials have asked the California developer behind the project for a smaller development.

“We didn’t feel from a county perspective that it was realistic to have a development predicated on the building of a new golf course,” deputy county executive Kevin Phelps said last week.

The county’s request came after the U.S. Open in June.

The space the USGA tournament took up outside the county-owned Chambers Bay golf course made county officials realize a second golf course didn’t make sense, Phelps said.

Last year, Los Angeles developer Bob Sonnenblick proposed a $150 million resort-style golf course and hotel on the southern portion of the 930-acre Chambers Creek property.

The course was planned for directly south of the Chambers Bay golf course with Chambers Creek Regional Park as a buffer. The hotel was proposed off Grandview Drive, near the entrance to the park.

“We feel that even though we could technically squeeze another 18 holes in, it might make it so we’re not competitive for a future (golf) event,” Phelps said.

County leaders want to host future golf tournaments, including another U.S. Open at Chambers Bay.

Sonnenblick, who owns Sonnenblick Development, is working on a new proposal.

“We understand the county’s reason for this decision, and we have no problem with it,” Sonnenblick wrote in an email to The News Tribune last week.

Losing the golf course means a smaller hotel, he said.

“Clearly without the second ‘resort’ (golf) course we would no longer be able to justify building a large, 300-plus room resort hotel in one big phase,” Sonnenblick wrote.

Previously a dramatic, five-story hotel with sweeping views of Chambers Bay golf course and Puget Sound was planned.

Plans included a 258-room hotel, conference center, 180-seat cafe and restaurant, and a swimming pool. The conference center was proposed for what now is the county’s environmental services building, with a ballroom added on.

“We have redone our feasibility studies and appraisals to divide this hotel development into two phases,” Sonnenblick wrote, “the first of which will be approximately half the size of what we had planned before.”

Sonnenblick expects to have new project renderings to the County Council soon.

“We are very excited about how the new, smaller, hotel layout sits (on) the land parcel and how well it works with the site’s current long-term master plan,” he said.

The county’s decision to request a scaled-back development was “partially economic and partially making sure that we have the ability to use that property for a variety of uses,” Phelps said.

After seeing architectural drawings for the hotel a year ago, at least two County Council members cited concern with impeding the public’s ability to access the site.

Public amenities include trails, parks and playground as well as the golf course.

“That is the public’s property,” Councilwoman Connie Ladenburg said at the time. “To make sure that (residents) still feel that that’s their property, I think, is very key with any development that we do out there.”

Sonnenblick maintains he will develop a project that promotes pedestrian accessibility to the site.

Brynn Grimley: 253-597-8467

brynn.grimley@thenewstribune.com

@bgrimley

Robert Sonnenblick Speaker at 2nd Annual Crowdfunding Forum for Real Estate Sept 16-17 2015 Santa Monica, CA

Robert Sonnenblick Key Speaker at IMN 2nd Annual Crowdfunding Forum for Real Estate West

Robert Sonnenblick, Chairman of Sonnenblick Development BOB SONNENBLICK
Chairman
Sonnenblick Development, LLC

Mr. Robert Sonnenblick, Principal of Sonnenblick Development, LLC, is a graduate of the Wharton School of Finance of the University of Pennsylvania with more than 30 years of experience in various aspects of real estate development and real estate finance. From 1981 to 1991 Mr. Sonnenblick was the driving force and power behind Sonnenblick-Goldman Corporation of California. Mr. Sonnenblick completed over $1.5 Billion of commercial real estate transactions on the West Coast, and as a result is regarded as one of the West Coast’s leaders in the field of commercial real estate finance. Among the more notable projects for which Mr. Sonnenblick personally structured the financing for are The Beaudry Center, Los Angeles, California ($197 million), the Ritz Carlton Hotel, Pasadena, California ($97 million), One Waterfront Plaza, Honolulu, Hawaii ($100 million), and the Los Angeles World Trade Center, Los Angeles, California ($55 million).

In 1991 Mr. Sonnenblick was appointed Director of Development for the New Jersey and L.A. MetroMalls, with the responsibility for oversight and direction of the design, financing, and leasing programs for two proposed $250 million enclosed regional malls totaling 1.2 million square feet each. Mr. Sonnenblick personally oversaw more than 1 million square feet of leases in connection with this position as well as arranging the necessary debt and equity financing. The New Jersey project opened to one of the strongest starts in the history of the United States mall industry. It is now re-named Jersey Gardens Outlet Mall.

In addition, Mr. Sonnenblick was an original development partner of the Loews Santa Monica Beach Hotel. This 360-room, $90 million hotel was sold for $125 million.
Prior to forming Sonnenblick Development LLC, Mr. Sonnenblick was the senior partner in a Los Angeles-based real estate development firm (Sonnenblick Del Rio Development) which specialized in P-3 public-private partnerships, specifically the development of four government leased office buildings across the Los Angeles basin. During his tenure there as Chairman, Mr. Sonnenblick successfully developed nearly 1 million square feet of government-leased buildings, occupied by such tenants as U.S. Department of Homeland Security, the Federal Bureau of Investigation (FBI), the Los Angeles County Sheriffs Department, Los Angeles County Department of Public Social Services, The Small Business Administration (SBA), the LA County Mental Health Dept, The Social Security Administration, and Los Angeles County Department of Children and Family Services.

Mr. Sonnenblick is a frequent speaker and panelist at various real estate-related functions, such as those hosted by Deloitte Touche, ICSC, Value Retail News, Bloomberg News, Crittenden Conference Co., USC Real Estate, UCLA Real Estate, IMN Real Estate Conferences, Bisnow Media, Opal Conference Group, iGlobal Forum, and the Institute for International Research. Mr. Sonnenblick is a published author on subjects ranging from commercial architecture to general real estate market conditions. In addition to Mr. Sonnenblick’s expertise in development, finance, and joint ventures, Mr. Sonnenblick has also been certified as an expert witness in the areas of real estate bankruptcy/foreclosure and finance. Mr. Sonnenblick is a qualified expert witness on the topic of Commercial Real Estate Interest Rates and Finance for the United States Federal Court System in numerous different jurisdictions across the State of Calif, Nevada, and Arizona.

2nd Annual Crowdfunding Forum for Real Estate September 16-17 2015 Santa Monica, CA

For more information click here.

Bob Sonnenblick has agreed to join the “EB-5 and Crowdfunding” panel: October 7th 2015 Scottsdale, Arizona.

The_Lodging_Conference_Oct_6-9_2015

LodgePress Release: Scottsdale, Arizona

The Lodging Conference, one of the nation’s premier Hotel Industry annual events, is pleased to announce that Los Angeles-based hotel developer Bob Sonnenblick, Chairman of Sonnenblick Development LLC, has agreed to join the “EB-5 and Crowdfunding” panel at their upcoming conference on October 7th at The Arizona Biltmore Hotel in Scottsdale, Arizona. The panel will focus on alternative methods to fund new hotel projects and acquisitions.

11:00 – 12:15
CONCURRENT THINK TANKS

T-2: EB-5 and CrowdFunding: Innovative Options for Your Next Hotel Project

Learn how EB-5 and crowdfunding work as the panel reviews the benefits and pitfalls including legal, regulatory and legislative issues, fees, risk, marketing and timeline to meet your fundraising goal for new construction, acquisition or renovation.

Moderator:
David Eisen, Editor-in-Chief Hotel Management Magazine

Panelists:
Tim L. Edgar, Founder & President, Hotel Innvestor
Julie Richter, Chief Financial Officer Concord Hospitality Enterprises Company

Bob Sonnenblick, Chairman, Sonnenblick Development LLC
Gregory Steinhauer, President, American Life Inc.

For more information, please call (800)-252-3540 or email: info@lodgingconference.com
Or go to: www.Lodgingconference.com

Crowd Funding Forum for Real Estate (West) September 16-17 2015 Santa Monica, CA

NY-based IMN Real Estate Conferences is pleased to announce its 2nd Annual Crowdfunding Forum for Real Estate, to be held on September 17th at the Fairmont Miramar Hotel in Santa Monica. The lead panel will be moderated by Los Angeles developer Bob Sonnenblick, Chairman of Sonnenblick development LLC, and it will focus on: The Future of Crowdfunding as a Money Source for Real Estate Projects

IMN Crowdfunding Conf Press Release: Santa Monica, California

NY-based IMN Real Estate Conferences is pleased to announce its 2nd Annual Crowdfunding Forum for Real Estate, to be held on September 17th at the Fairmont Miramar Hotel in Santa Monica.

The lead panel will be moderated by Los Angeles developer Bob Sonnenblick, Chairman of Sonnenblick development LLC, and it will focus on:
The Future of Crowdfunding as a Money Source for Real Estate Projects.
For more info, go to www.IMN.org or call (212)-224-3207.

9/17 12:15 PM The Future of Real Estate Crowdfunding… How Scalable is it?

  • Who will be the real players in 2 years
  • With all this portal $$ floating around is scalability now a closer reality?
  • Portal growth in numbers… How many actual players are out there? How many pretenders?
  • Will banks and other established lenders buy the portals and the knowledge/ technology?
  • Industry growth predictions
  • Going to independent broker dealers
  • Leaving the crowd… Partnering with institutional investors
  • What deals have funded so far?
  • Why are they only small projects?
  • Will this structure work for large projects?
  • Construction deals vs Existing projects?
  • What real estate product types work best for CrowdFunding?…Why?

Bob Sonnenblick Moderator

Bob Sonnenblick has joined the Real Estate Finance panel for the 3rd Annual Real Estate CFO Forum – May 4th 2015

PRESS RELEASE: 4-20-15

Los Angeles-based real estate developer Bob Sonnenblick has joined the Real Estate Finance panel at the upcoming CFO Forum Conference in San Diego on May 4th. The conference is run by IMN Conferences Inc and will be held at The Park Hyatt Aviara Resort in Carlsbad. The topic of Sonnenblick’s panel is “Real Estate Fundraising: Navigating Different Sources of Capital”.

Los Angeles-based real estate developer Bob Sonnenblick has joined the Real Estate Finance pane

10:00 AM Fundraising: Navigating Different Sources of Capital
  • From Foreign, Commercial Banks, Funds, Mezz, weigh various costs and benefits associated with different sources of capital.
  • Understanding the current capital climate.

Moderator:

Joseph V. Delaney, CEO, J.V. DELANEY & ASSOCIATES [
BIO ]

Panelists:

Jeff Zuckerman, CFO Western Regions, ALLIANCE RESIDENTIAL COMPANY
[BIO ]
Jerome Fink, Managing Partner, THE BASCOM GROUP, LLC
[BIO ]
Tim Trifilo, Tax Partner and National Tax Lead, COHNREZNICK LLP
Charlie Kellogg, CFO/COO, SINGERMAN REAL ESTATE, LLC
[BIO ]
Bob Sonnenblick, Chairman, SONNENBLICK DEVELOPMENT, LLC
[ BIO ]

Joseph Delaney CEO J.V. DELANEY and ASSOCIATES
Delaney
> Jeff Zuckerman: CFO Western Regions ALLIANCE RESIDENTIAL COMPANY
Zuckerman
Jerome Fink: Managing Partner THE BASCOM GROUP, LLC
Fink
Tim Trifilo Tax Partner and National Tax Lead COHNREZNICK LLP
Trifilo
Charlie Kellogg CFO/COO SINGERMAN REAL ESTATE, LLC
Kellogg
Bob Sonnenblick Chairman SONNENBLICK DEVELOPMENT, LLC
Sonnenblick

Bob Sonnenblick to Moderate: California Real Estate Development – April 28-30 2015 – San Diego, California

Wednesday, April 29, 2015:  Omni San Diego: 302 - Development 2015: What is Going Up, All Around Us? Bob Sonnenblick Moderator

Hotel developer Bob Sonnenblick, Chairman of Los Angeles based Sonnenblick Development LLC, has been chosen by Crittenden Conferences Inc. to moderate its “California Real Estate Development – 2015” panel at the upcoming Crittenden National Real Estate Conference in San Diego, California.

The conference will be held at The S.D. Omni Hotel, next door to The San Diego Convention Center, on April 28-30, 2015.

#302 – Development 2015: What is Going Up, All Around Us?

Hour 3: Wednesday, April 29th – 12:00pm – 1:00pm

  • Updates on construction activity in favored markets (commercial and multifamily market)
  • Updates on construction activity in real estate product types (apartments, hotels, retail, etc.)
  • Construction cost discussion (increases in materials or labor this past year?)
  • Rent/market updates and construction lender updates

Moderator: Bob Sonnenblick, Chairman – Sonnenblick Real Estate LLC
John Santry, Executive Vice President of Acquisitions and Development – Shopoff Realty Investments, L.P.
Christopher Piche, Vice President of Development – The Mayer Corp
Mark Strauss, Managing Director – Cohen Financial

Session 302 Brochure

For more info, go to www.Crittendenconferences.com

Bob Sonnenblick to Moderate California Real Estate Development - April 28-30 2015 - San Diego, California

Crittenden_Conf_2015_Small_Skyline

crittenden


Bob Sonnenblick recording : The Crowdfunding Forum for Real Estate March 2015: New York

Session Chair:

  • Bob Sonnenblick, Chairman, SONNENBLICK DEVELOPMENT, LLC [ BIO ]

Panel Participants:

  • Al Bokhour, President, BOKHOUR DEVELOPMENTS
  • Arik Lifshitz, CEO, DSA PROPERTY GROUP [ BIO ]
  • Alex Sifakis, President, JWB REAL ESTATE CAPITAL [ BIO ]
  • Andrew Broeren, Director, PARAGON INVESTORS [ BIO ]
  • Chris Baker, CEO, TAO INVESTMENTS LLC
  • Max Sharkansky, Managing Principal, TRION PROPERTIES [ BIO ]

Monday, March 9th, 2015 1:45 PM The Developers Due Diligence Perspective… Comparing the Major Platforms.. Why did you Choose your Crowdfunder to Raise Capital?

  • How did you find the platform?
  • Was broker/dealer affiliation a factor?
  • Did you consider/use a non-US platform?
  • Platform turnaround time
  • Due diligence practices from the platform side
  • Platform management model and experience
  • Fee comparisons
  • Did you look at some of the newer platforms?
  • Evaluating knowledge of, and experience in, securities industry
  • Tools for crowd-vetting
  • Process for onboarding investors
  • Costs of offering

County votes to approve Sonnenblick Development to build Hyatt Place at Sacramento airport

County votes to approve Hyatt Place at Sacramento airport

County votes to approve Hyatt Place at Sacramento airport

$24 million hotel would have 135-room capacity

By Leticia Ordaz

SACRAMENTO, Calif. (KCRA) —The Sacramento County Board of Supervisors voted 5-0 on Tuesday to approve a planned $24 million hotel at the Sacramento International Airport — and it’s expected to bring hundreds of new jobs to the region.

The hotel will be funded by a developer who is planning on building a five-story, 135-room Hyatt Place.

Los Angeles-based Sonnenblick Development is proposing to put a Hyatt hotel in a grassy area next to a parking garage, an open space between the airport’s two terminals.

“(It will be) very easily accessible from Terminal A and Terminal B,” said Robert Sonnenblick, with Sonneblick Development. “You fall out of baggage claim right into our lobby.”

The project will start this spring and generate about 300 construction jobs in the next two years.

Airport travelers are excited already.

“It’s a good thing for Sacramento,” Sydney Dawes said Tuesday. “Growth is great.”

Read full coverage: http://www.kcra.com/news/local-news/news-sacramento/county-set-to-vote-on-hyatt-place-at-sac-international/30945560

County votes to approve Hyatt Place at Sacramento airport

The Sacramento International Airport could finally have a new hotel if plans that have been years in the making are approved next week.

24 million hotel will have 135-room capacity
By Leticia Ordaz
8:36 PM PST Jan 27, 2015

SACRAMENTO, Calif. (KCRA) —The Sacramento County Board of Supervisors voted 5-0 on Tuesday to approve a planned $24 million hotel at the Sacramento International Airport — and it’s expected to bring hundreds of new jobs to the region.

The hotel will be funded by a developer who is planning on building a five-story, 135-room Hyatt Place.

Los Angeles-based Sonnenblick Development is proposing to put a Hyatt hotel in a grassy area next to a parking garage, an open space between the airport’s two terminals.

“(It will be) very easily accessible from Terminal A and Terminal B,” said Robert Sonnenblick, with Sonneblick Development. “You fall out of baggage claim right into our lobby.”

The project will start this spring and generate about 300 construction jobs in the next two years.


Airport travelers are excited already.

“It’s a good thing for Sacramento,” Sydney Dawes said Tuesday. “Growth is great.”

An existing hotel was torn down more than six years ago to make room for the new Terminal B. The recession stopped plans for a new hotel at that time.

The economic revival doesn’t stop with the hotel.
Construction crews got an early start Tuesday morning at Bonney Field, the home of Sacramento Republic FC. The team is spending $1.6 million of its own money to expand the stadium’s seating from holding about 8,000 to now 11,000 fans at the Cal Expo site.

The project will send a strong message to Major League Soccer, a Sac Republic spokeswoman said.

“To show them that we can grow to a threshold of 11,000 — and then maybe as high as 14,000 in the future — (it) really shows that there is a demand and a market here in Sacramento,” Erika Bjork told KCRA 3.

Sacramento is among the cities in the running for MLS’s 24th and final franchise. Officials expect the league to make an announcement on expansion plans by June.

“We’re standing where we’ll probably have about 4,000 to 4,500 additional seating in the bleacher section — our most ardent and passionate supporters — our supporters including Tower Bridge Battalion,” said Bjork while showing KCRA 3 around on Tuesday.

Macy’s will also receive tax incentives to set up a warehouse at the former Campbell’s site. The online distribution center for wedding gifts and other goods will generate as many as 350 jobs.

“The warehousing jobs usually average $15 to $20 an hour, which is competitive for our area,” said Troy Givans, the Sacramento County director of economic development.

The worksite for the newly renamed Capital Commerce Center will become a magnet for new jobs.

Sacramento County Approves New Build 135-room Hyatt Place Hotel to be Located at Airport

Hotel-Online_logo

Tony Bizjak | The Sacramento Bee | January 28, 2015 3:26pm

Jan. 27–Travelers to and from Sacramento International Airport soon will have a place to stay overnight on airport property, although not as grand as once planned.

Sacramento County supervisors Tuesday morning approved a new five-story airport business hotel, seven years after tearing down a smaller one.

The county will team with developer Sonnenblick Industries LLC to construct a 135-room Hyatt Place within walking distance of both airport terminals. The hotel will include an indoor pool and spa, fitness room, dining area and 3,500 square feet of meeting space.

Sonnenblick, a Southern California developer, has built hotels adjacent to medical facilities, but company principal Bob Sonnenblick said this is the first of what he hopes will be several airport hotels his company will develop in the next few years.

The hotel will sit on a triangle of grass adjacent to the north side of the parking garage between the airport’s two terminals. Sonnenblick and airport officials say the hotel will be a major amenity for travelers from around Northern California who want to stay overnight before an early morning flight. The hotel also likely will serve business people and those visiting the Capitol on business.

Sonnenblick said the location on airport grounds should allow his company to charge a premium room rate. He estimated an average night at the hotel would cost $150.

“The advantage we have is that the costumer does not have to get into a minivan and drive 10 to 15 minutes each way to stay at a hotel,” he said. “Our hotel, you literally walk out of baggage claim and into our front door.”

The hotel represents a success for airport officials, who are trying to add amenities and promote their facility as a premier Northern California airport. It is a comedown, though, from what airport officials planned a few years ago. Originally, the new hotel was to be a high-rise built directly on top of the new Terminal B, allowing hotel guests to go from room to plane without stepping outside. The hotel’s lobby would have opened directly onto the terminal ticketing area.

But that plan proved too costly, and was shelved during airport construction. Sonnenblick later explored the possibility of building two hotels elsewhere on airport grounds, one upscale with extensive meeting and ballroom space, the other more modest. Marketing studies, however, determined the upscale hotel would not pencil out, he said.

The proposed hotel will, however, be larger and better appointed than the former Host Airport Hotel, he said. “We are going to build this beautifully.”

The project has been delayed by a flood-related federal moratorium on most new construction in the Natomas basin. But those restrictions are expected to be removed in May or June, and Sonnenblick said his company will be ready immediately to submit project plans to the county for approval.

Sonnenblick expects to spend about $24 million building the hotel, which is expected to open in late 2017.

The developer will pay the airport a one-time fee of $2.46 million for use of 164 ground-floor spaces in the parking garage for guest parking. Sonnenblick will also pay the airport a minimum of $900,000 in total rent across the first four years: $150,000 annually in the first two years and $300,000 annually in the next two years. Thereafter, rent payments will be based on a percentage of hotel gross revenue, estimated at $475,000 in the fifth year.

Sonnenblick has told the county it intends to enter into a “labor harmony agreement” with UNITE HERE Hotel & Restaurant Employee Union Local 49 when hiring workers to operate the hotel, according to a staff report.

Call The Bee’s Tony Bizjak, (916) 321-1059. Bee editor Kevin Yamamura contributed to this report.

CBS13: 5-Story Hotel Approved For Sacramento International Airport

5-Story Hotel Approved For Sacramento International Airport

5-Story Hotel Approved For Sacramento International Airport

Sacramento airport reaches hotel construction deal with developer Sonnenblick

A rendering of the proposed hotel. (Credit: Sonnenblick Development LLC)

5-Story Hotel Approved For Sacramento International Airport
January 27, 2015 1:13 PM

SACRAMENTO (CBS13) – Work will go forward on a hotel at the Sacramento International Airport after Sacramento County supervisors approved the project today.

Sonnenblick Development LLC and the Sacramento County Dept. of Airports will build a 5-story, 135 room Hyatt Place hotel next the parking garage at the airport, county officials announced on Friday.

“Our customers have requested the convenience of an onsite hotel for many years and we are now at a point where we are ready to move forward,” said Director of Airports John Wheat said in a statement.

Officials have been looking to build a hotel at the airport since the previous airport was demolished in 2008 to make room Terminal B.

Construction could begin as early as June 2015, and the hotel would open in 2017, airport officials say.

Sonnenblick is reportedly investing $23 million to build the hotel.

5-Story Hotel Approved For Sacramento International Airport

Sacramento County approves Hyatt Place hotel at airport

Sacramento County approves Hyatt Place hotel at airport

BEE METRO STAFF
01/27/2015 12:00 PM 01/27/2015 1:35 PM

Sacramento County supervisors Tuesday morning approved a new five-story business hotel at Sacramento International Airport, seven years after tearing down the old facility.

Supervisors voted 5-0 to work with developer Sonnenblick Industries LLC to construct a 135-room Hyatt Place within walking distance of both airport terminals. The hotel will include an indoor pool and spa, fitness room, dining area and 3,500 square feet of meeting space.Sonnenblick Hyatt Place Sacramento Airportrendering

Sonnenblick has told the county it intends to enter into a “labor harmony agreement” with UNITE HERE Hotel & Restaurant Employee Union Local 49 when hiring workers to operate the hotel, according to a staff report.

The developer will pay the airport a one-time fee of $2.46 million for use of 164 ground-floor spaces in the parking garage for guest parking. Sonnenblick will also pay the airport a minimum of $900,000 in total rent across the first four years: $150,000 annually in the first two years and $300,000 annually in the next two years. Thereafter, rent payments will be based on a percentage of hotel gross revenue, estimated at $475,000 in the fifth year.

Though they support building a new airport hotel, some supervisors were not impressed Tuesday with the first drawing of the Hyatt Place hotel, telling staff that they want to review the structure’s design in the future.

“It appears it’s a concrete block facade,” said Supervisor Roberta MacGlashan. “It needs to blend in better.”

Hotel construction is expected to take two to three years. Sonnenblick is projected to spend about $24 million building the hotel.

Bee staff writer Brad Branan contributed to this report.

Read more here: http://www.sacbee.com/news/local/article8307690.html#storylink=cpy

Is a new hotel coming to Sacramento Int’l Airport?

The Sacramento International Airport could finally have a new hotel if plans that have been years in the making are approved next week.

Developer proposes to put Hyatt hotel at airport

By 7:25 PM PST Jan 23, 2015

SACRAMENTO, Calif. (KCRA) —The Sacramento International Airport could finally have a new hotel if plans that have been years in the making are approved next week.

Sonnenblick Development, a Los Angeles-based developer, is proposing to put a Hyatt Place hotel in a grassy area next to a parking garage, an open space between the airport’s two terminals.

Watch report: Plans in the works to build hotel at Sac Int’l

“It really benefits the people within our primary region,” said Sacramento County’s airport director, John Wheat. “A region all the way up to Redding, within 100 miles of this airport. It is our primary airport where a lot of our passengers come from.”

An existing hotel was torn down more than six years ago to make room for the new Terminal B and the recession stopped plans for a new hotel at that time.

The new terminal, which cost roughly $1 billion, has left the airport in debt and forced budget cuts.

Wheat said a new hotel, in addition to giving travelers a convenient place to stay, would also bring in new money.

“Everything helps, I mean, it’s a revenue,” Wheat said.

The $24 million in construction costs would be paid by the developer, who would pay the airport about $2.5 million up front, and several hundred thousand dollars a year to lease the property.

On Friday, some travelers said a new hotel would make traveling more convenient for out-of-town visitors and for travelers from around Northern California.

“If you’re leaving on a long trip and have a very early departure, that might be a good idea,” said Neil Robinson, who said he lives in Folsom.

See also:

Video Transcript

INTERVIEW WITH SABRINA RODRIGUEZ RIGHT NOW ON KCRA.COM. PLANS ARE MOVING FORWARD TO BUILD A HOTEL AT SACRAMENTO INTERNATIONAL AIRPORT. IF COUNTY LEADERS APPROVE THIS PLAN, THE HOTEL WOULD BE BUILT HERE IN THIS GRASSY AREA BETWEEN TERMINAL A AND TERMINAL B. AND THE NEW HYATT PLACE HOTEL WOULD LOOK LIKE THIS. KCRA 3’S SHAROKINA SHAMS IS LIVE AT THE AIRPORT AND THESE PLANS AREN’T REALLY NEW. NOW IT LOOKS LIKE IT WILL HAPPEN. THAT’S RIGHT. THESE PLANS HAVE BEEN A LONG TIME IN THE MAKING. WE CAN TAKE A LOOK OUTSIDE OF THE WINDOWS AND GIVE YOU A LOOK AT THE SITE BEHIND ME LOOKING OUT THE WINDOWS OF THE BACK OF TERMINAL B. THE HOTEL WOULD GO WHERE THAT ART WORK SITS OUTSIDE A PARKING GARAGE. IT COULD MEAN A MUCH-NEEDED FINANCIAL BOOST FOR A COUNTY AIRPORT THAT HAS A LOT OF DEBT. DUSTIN BILTON IS VISITING SACRAMENTO TODAY WITH HIS 18-MONTH-OLD SON. NORMALLY, HE’S HERE ON BUSINESS AND LIKES THE IDEA OF A HOTEL AT SACRAMENTO INTERNATIONAL AIRPORT. FOR ME AS A MANAGER, IF I WANT TO HOST A MEETING HERE, IT GIVES ME ANOTHER OPTION, TOO. FOR ANOTHER REASON THAT WE WOULDN’T GO TO SAN FRANCISCO. IT WOULD GIVE SACRAMENTO ANOTHER OPPORTUNITY. THIS ART SHOWS WHAT HYATT IS PLANNING — A NEW, 135-ROOM HOTEL LIKE THIS HYATT PLACE HOTEL WHICH WAS BUILT IN ROSEVILLE, NEAR THUNDER VALLEY CASINO FIVE YEARS AGO. EVERYBODY’S GOING TO HAVE JOBS. IT’S KIND OF A PEBBLE IN THE WATER, IT GOES OUT FROM THERE. AN EXISTING HOTEL HERE WAS TORN DOWN SIX YEARS AGO TO MAKE ROOM FOR THE NEW TERMINAL B. WITH A COST OF $1 BILLION, THIS TERMINAL HAS ALSO BROUGHT DEBT TO THE AIRPORT AND FORCED BUDGET CUTS. BUT A NEW HOTEL, SINCE IT WOULD BE PAID FOR BY THE DEVELOPER, COULD HELP PUT A DENT IN THAT. HYATT WOULD PAY THE AIRPORT $2.5 MILLION UP FRONT AND THEN SEVERAL HUNDRED THOUSAND DOLLARS A YEAR TO LEASE THE PROPERTY. JOHN WHEAT IS THE COUNTY’S AIRPORT DIRECTOR. EVERYTHING HELPS. I MEAN, IT’S A REVENUE. IT REALLY BENEFITS THE PEOPLE WITHIN OUR PRIMARY REGION, A REGION ALL THE WAY UP TO REDDING, YOU KNOW, WITHIN 100 MILES OF THIS AIRPORT. THERE WERE PLANS FOR A NEW HOTEL AS TERMINAL B WAS GOING UP, BUT THEY WERE SCRAPPED BECAUSE OF THE RECESSION. TODAY THOUGH, IT WASN’T JUST FAR-AWAY TRAVELERS WHO TOLD US THEY’D STAY IN A HOTEL HERE. NEIL ROBINSON LIVES IN FOLSOM. IF YOU’RE LEAVING ON A LONG TRIP AND HAVE A VERY EARLY DEPARTURE, THAT MIGHT BE A GOOD IDEA. IN CASE YOU’RE CURIOUS, HYATT IS SET TO SPEND $24 MILLION BUILDING THE HOTEL. THIS ISN’T A DONE DEAL UNTIL THE COUNTY BOARD OF SUPERVISORS APPROVES IT. THEY’RE SET TO CONSIDER IT AT THEIR MEETING NEXT WEEK.

 

Sacramento airport hotel project worth at least $23M

Sacramento-Business-Journal

Mark Anderson
Staff Writer- Sacramento Business Journal

A $23 million Hyatt Place hotel proposed for Sacramento International Airport could be open in 2017.

This rendering depicts a Hyatt Place hotel proposed for Sacramento International Airport. It could be open in 2017, if Sacramento County approves a development agreement. Shimahara Illustration

This rendering depicts a Hyatt Place hotel proposed for Sacramento International Airport. It could be open in 2017, if Sacramento County approves a development agreement.
Shimahara Illustration

Sacramento County supervisors at their meeting Tuesday will consider a development agreement with Los Angeles-based real estate development firm Sonnenblick Development LLC to build a 135-room hotel between the airport’s main commercial terminals. The hotel would feature indoor pool and spa, fitness room, a dining area and 3,500 square feet of meeting space.

Hospitality company Sonnenblick-SMF LLC would develop and operate the hotel, paying the county a fixed fee of $900,000 though the first four years of operations, and then a percentage of gross revenue. That scale would be 5 percent from years five through 19, 6 percent in years 20 through 39 and then 7 percent of gross in years 40 through 50.

The developer also would pay a one-time fee of $2.5 million to use 164 spaces in the airport’s parking garage.

“Our customers have requested the convenience of an onsite hotel for many years and we are now at a point where we are ready to move forward,” said Sacramento County Airport System director John Wheat.

If approved, construction could begin by June, when federal flood map building restrictions on the Natomas Basin are lifted.

A $23 million Hyatt Place hotel proposed for Sacramento International Airport could be open in 2017, if Sacramento County approves a development agreement. This is the site. Sacramento County Department of Airports

A $23 million Hyatt Place hotel proposed for Sacramento International Airport could be open in 2017, if Sacramento County approves a development agreement. This is the site.
Sacramento County Department of Airports

Hyatt Place is a limited-service property. Locally, there are Hyatt Place properties in Davis, Rancho Cordova and Roseville.

Sacramento County, which operates the airport, has been seeking a hotel for more than a decade. The previous hotel at the airport, the Host Airport Hotel, was successful, but the small hotel was demolished for the expansion of the airport’s new terminal and parking garage.

Sonnenblick-SMF LLC would negotiate a contract with the UNITE-HERE Local 49, the local hotel and restaurant employees union. The previous hotel had been a union shop.

The county says if the Hyatt Place is successful, a second hotel is possible.

The airport is a demand driver for the hotel. Many flights out of Sacramento leave very early in the morning, so travelers from all over Northern California could use the hotel to arrive the night before traveling. Also, the hotel, like the airport, is right off Interstate 5, which can generate demand from drivers. Another potential business for the hotel is air crew rooms. Many airlines have contracts that require them house their flight crews in nearby hotels.

New Hotel In The Works At Sacramento International Airport

CBS Sacramento

January 23, 2015 1:52 PM

SACRAMENTO (CBS13) – A Los Angeles developer is looking to build a hotel at the Sacramento International Airport, county officials announced Friday.

Airport officials will be meeting the Sacramento County Board of Supervisors come Tuesday for approval of the plan. Sonnenblick Development LLC and the Sacramento County Dept. of Airports reportedly have an agreement to build a 5-story, 135 room Hyatt Place hotel next the parking garage at the airport.Sonnenblick Hyatt Place Sacramento Airportrendering

“Our customers have requested the convenience of an onsite hotel for many years and we are now at a point where we are ready to move forward,” said Director of Airports John Wheat in a release.

Officials have been looking to build a hotel at the airport since Host Hotel was demolished in 2008 to make room Terminal B.

If the new hotel plan is approved, construction could begin as early as June 2015 and the hotel would open in 2017, airport officials say.

Sonnenblick is reportedly investing $23 million to build the hotel.

Airport Seeks Approval for Five-Story Hotel

The Sacramento County Board of Supervisors will decide Tuesday whether to approve an agreement that will allow a five-story hotel to be built at the Sacramento International Airport by Sonnenblick Development
January 24, 2015 by bboyd Leave a Comment

THE NATOMAS BUZZ | @natomasbuzz

The Sacramento County Board of Supervisors will decide Tuesday whether to approve an agreement that will allow a five-story hotel to be built at the Sacramento International Airport.

The Sacramento County Department of Airports will go before the board on Jan. 27 to request approval of an agreement with a developer to build a long-sought onsite hotel at the airport. The Sacramento County Department of Airports is responsible for planning, developing, operating and maintaining the county’s four airports: Sacramento International Airport, Executive Airport, Mather Airport and Franklin Field.

Sonnenblick Development LLC has proposed building five-story, 135-room Hyatt Place hotel with an indoor pool and spa, fitness room, dining area and 3,500 square feet of meeting space.

The Los Angeles-based developer plans to lease a 1.4-acre site adjacent to the parking garage for construction of the hotel, as well as 164 spaces on the ground level of the garage. The hotel would be accessible to passengers of both terminals.

Construction could begin as early as June 2015, when federal building restrictions on the Natomas Basin are expected to be lifted. In that scenario, the hotel would open in 2017 or 2018.

Sonnenblick has agreed to invest at least $23 million to build the facility. The Department of Airports will receive a one-time payment of $2.46 million for the use of the parking garage spaces. Rent for the hotel site will be fixed for the first four years for an amount totaling $900,000. In subsequent years, rent will be paid as a percentage of gross revenue.

An in-terminal hotel was in the works for the new Terminal B but was removed from plans due to the economic downturn. Airport staff performed a site analysis and in 2011 issued a Request for Proposals for hotel development. Sonnenblick responded to the RFP with a proposal to develop two hotels. If the Hyatt Place is successful, a second hotel is a possibility.

The onsite Host Hotel was demolished in 2008 to make room for Terminal B construction. Under the agreement going to county supervisors this week, Sonnenblick LLC would pay for construction and assume the financial risk associated with owning and operating the hotel.

The item is number 51 on the agenda and is scheduled for 10:45 a.m. Tuesday. Click here for more information

– See more at: http://www.natomasbuzz.com/2015/01/airport-seeks-approval-for-five-story-hotel/