Somera Road – Commercial Observer Profile
The Natural: Ian Ross’ Somera Road Is Buying Your Distressed Real Estate, November 5, 2019
Ian Ross is a 33-year-old private-equity wunderkind buying, stabilizing and monetizing distressed CMBS real estate all across the country.
Somera Road – Recent Press
NY developer Somera Road moves executives to Nashville to bolster “second headquarters” office - Nashville Business Journal, July 1, 2020
Ian Ross, founder and managing principal of Somera Road, said Nashville sits in the “pole position” of all the markets the company invests in.
Somera Road Opens Second Headquarters, July 1, 2020
Fast-growing CRE firm establishes HQ2 in Nashville, TN
Somera Road Launches Development Division, June 22, 2020
Somera Road Inc. today announces the launch of a new division focused on ground-up development. Andrew
Donchez recently joined the firm as a Vice President – Head of Development to lead the new division.
Somera Road's Ian Ross investing USD 175m in CRE credit; expects 2H20 reckoning as ‘chain of forbearance’ snaps, June 12, 2020
Somera Road is finding opportunities to invest USD 175m in capital earmarked for real estate credit even though many would-be sellers haven’t yet “capitulated” to the lower prices that have resulted from the coronavirus pandemic, according to founder Ian Ross.
Distressed Debt Has Plenty of Interest, but the Dam Hasn’t Opened, Yet, May 1, 2020
Few loan pickups are happening and industry participants are looking to the late summer months for a wave of distressed debt sales.
Somera Road Buys Out Partners for SouthSide Works in Pittsburgh, Plans $167M Development and Renovation, March 10, 2020
On June 16th, the annual InterFace Seattle Retail conference will give developers/owners/investors, retailers, brokers, lenders and other professionals in the market the opportunity to network with each other at the Renaissance Seattle.
\nThis educational and networking event allows the ind…
Allentown’s NIZ authority approves financing for Grand Plaza, Neuweiler redevelopment projects, March 5, 2020
For the first time in more than two years, the authority overseeing Allentown’s Neighborhood Improvement Zone has approved project financing for developers not named Reilly or Jaindl.
Know Your Markets With Ian Ross - Real Estate Investing Podcast – Live from New York, March 3, 2020
Real Estate Investing, Live from New York will provide you with everything you need to know about investing and operating commercial real estate. Although the show is based in New York City, it explores the fundamentals of investing in all asset classes across the nation.brbr There are hundreds, if…
Five-Chef Food Hall in the Works for Lightwell Lobby, March 5, 2020
A food hall featuring five chef-concepts is in the works for the lightwell office tower lobby by the developer of a similar project in the new Edison District building in downtown Overland Park. Ti…
‘Scrappy underdogs’ scale up as PayIt announces move downtown to Lightwell – Startland News, February 21, 2020
A move to the Lightwell building signals more than continued growth for Kansas City-based PayIt: it’s the beginning of the company’s transition from startup to scaleup, revealed John Thomson.
As office space tightens in Downtown, law firms stick with Lightwell, Kansas City Business Journal, February 14, 2020
Representatives of the building have re-signed seven law firm tenants representing 67,000 square feet of the downtown tower during the past several months.
Somera Road, city of Hazelwood to partner on grant program for Village Square - St. Louis Business Journal, January 22, 2020
Deadline to apply is Feb. 28 for the free space.
Somera Road seeks up to $17.5 million in NIZ funding for Grand Plaza renovations, including food hall and outdoor improvements, January 19, 2019
Even as it continues pursuing legal action against the city, Somera Road has applied for $17.5 million in NIZ financing for renovations to Grand Plaza, formerly known as PPL Plaza.
Somera Road Inc. invests over $1 million in upgrades at Village Square in Hazelwood - St. Louis Business Journal, December 10, 2019
The first phase of upgrades have already generated renewed interest, officials said
By next summer, downtown Allentown could see a second food hall, November 15, 2019
Allentown’s poised to get its second food hall in a year. This one is planned for the former PPL Plaza.
Somera Road Inc. announces interior renovations for Grand Plaza, October 27, 2019
Somera Road Inc. announced the interior renovation plans for Allentown’s Grand Plaza, the former PPL Plaza
Downtown innovation district: 30-story Lightwell project envisioned as startup hub, October 1, 2019
Lightwell is expected to provide a three-stage system for tech-growth in Kansas City — a school for tech talent, coworking space for startups and private office space for scaling companies.
Plans released for two key Gulch buildings | Nashville Post, August 20, 2019
NYC company envisions site options for Voorhees, former antique mall
Allentown’s PPL Plaza officially renamed - LVB, August 8, 2019
The property formerly known PPL Plaza has been renamed by the New York Developer, which purchased the property earlier this year.
PPL Plaza in downtown Allentown has a new name, August 8, 2019
Somera Road Inc., the new owner of PPL Plaza in downtown Allentown, has a new name for the eight-story structure.
Opinion: Downtown KC’s cool factor is growing - Kansas City Business Journal, July 26, 2019
Editor Brian Kaberline writes that the metaphorical fence along the loop separating Downtown’s center from its cooler neighbors to the north (River Market) and south (Crossroads) is showing gaps, allowing a little more coolness into the Central Business District.
Sales and marketing company relocating to MetroCenter | Nashville Post, July 26, 2019
JumpCrew plans new home after NY-based real estate company closes on $18M deal
WeWork’s second Kansas City location will be in Downtown - Kansas City Business Journal, July 11, 2019
WeWork plans to open the location, its second in the metro, in early December.
Red Wing Shoes, Spectrum store coming to Strongsville, July 8, 2019
Red Wing Shoes and Spectrum are the latest tenants signed for Royalton Collection, a five-building office-retail development now under construction on Ohio 82, across from SouthPark Mall.
Opportunity Zone Market Starting To Heat Up, But Many Investors Are Still Waiting, June 14, 2019
A new $72M opportunity zone deal in Maryland is at least the fourth investment made through the program in the D.C. area this year.
FedEx Logistics seeks design approval for Downtown HQ - The Daily Memphian, May 30, 1029
The design of FedEx Logistics’ plans to transform the vacant Gibson Guitar Factory into its new Downtown Memphis headquarters is up for review.
New PPL Plaza owners detail plans for property improvements, May 29, 2019
The PPL Plaza in Allentown is headed in a new direction and preparing for a new name.
New PPL Plaza owner shows off building, expects tenants this year, May 29, 2019
Somera Road, the new owner of PPL Plaza, hopes to start announcing office tenants this summer, with the first moving in this fall.
PPL Plaza is ‘hands down the best office space in the market,’ new building owner says, May 8, 2019
Ian Ross, managing principal of New York commercial real estate investment firm, Somera Road Inc., spoke to The Morning Call on Monday about his firm’s newest acquisition: PPL Plaza in downtown Allentown.
NY’s Somera Road buys Wedgewood-Houston building, to become office and retail development - Nashville Business Journal, April 23, 2019
A New York developer bought land in Wedgewood-Houston for this project, generating more activity in the buzzy urban neighborhood. It’s just the latest in a spurt of dealmaking happening in Opportunity Zones.