Tag Archives: real estate

MG Residential is a 2019 Washingtonian Top Team


The reason we’re on the Washingtonian list of Top Agents once again? It’s our incredible clients! We are so thankful to every one of them, from first-time home buyers, to repeat clients that entrust us to help them find their 2nd or 3rd home, or the right investment property. We are grateful for their business – and appreciate each referral or inquiry sent our way.

Being in the Top 1% of agents nationwide holds us to the highest standards, which means we’ve got to have the knowledge and experience that our clients need and trust. Since 2004 we’ve completed over $1.1 billion in sales, and we’ve assisted over 2,500 families purchase homes, including 1,100 first-time home buyers.

Guided by in-depth knowledge to evaluate, prepare, price, and showcase properties, we get top results for our clients. With more than 175 new construction units sold, we are also go-to experts for many developers and investors.


We are also pleased to share the news that six of our KWCP Agent Entrepreneur colleagues are included on the Top 100 Best Realtors List.
This exclusive designation is reserved for real estate professionals recognized for their outstanding performance, their market knowledge, integrity, communication skills, and closing preparation as acknowledged by their peers and more than 25,000 Washingtonian magazine subscribers.

Congratulations to these outstanding agents we are so fortunate to work with!

Harrison Beacher
Marjorie Dick Stuart
Joel Nelson
Veronica Seva-Gonzalez
Martin Signore
Theresa Taylor

Menkiti Group Named Inman 2019 Innovator Award Finalist

Real Estate industry news and information source Inman has once again named the industry’s most forward-thinking and groundbreaking members in its annual list of Innovator Award Finalists for 2019, and The Menkiti Group has been named one of ten finalists for the Most Innovative Brokerage or Team.

Recognition has been given to 60 different finalists from across the real estate industry, grouped into the following six categories:

  • Most Innovative Real Estate Technology
  • Most Innovative Real Estate Company
  • Most Innovative Brokerage or Team
  • Most Innovative Podcast or Video Show
  • Most Innovative MLS, Association or Industry Organization
  • Most Innovative Marketing

Of note, The Menkiti Group with the nationally recognized sales team of MG Residential is the only Washington, DC-based brokerage or team to be included on the Brokerage or Team list, AND in the overall Inman 2019 Innovation finalists.

Also of note, KW Command, the industry-changing, one-stop mobile application that streamlines agents’ workload, allowing them to automate tasks, create customized marketing campaigns and manage databases and contacts from Keller Williams was named to the Most Innovative Real Estate Technology list. The Menkiti Group is the operating and management company behind Keller Williams Capital Properties, a leading mid-Atlantic brokerage and Top 15 of all KW national affiliate companies.

In July, Inman will announce its Innovator of the Year winner, someone who has consistently pushed the envelope this year, as well as the Nate Ellis Give Back Award winner, honoring an individual or organization that has made a difference through its philanthropy, activism or other commitment to the industry this year.

Learn more about The Menkiti Group, MG Residential, or KW Capital Properties by visiting MenkitiGroup.com

Cheers to Careers! Real Estate Industry Panel Discussion

The award-winning MG Residential Sales Team is currently hiring for passionate real estate professionals licensed in DC, MD, and VA, who seek career growth and can see themselves embracing our mission of Transforming Lives, Careers, and Communities through Real Estate.

Join us on Wednesday, May 15th from 5:30-7:00 PM for a happy hour and panel discussion with four of our Neighborhood Experts and learn how a full-service team culture may benefit you and your business. Registration is requested: http://bit.ly/2ZMt3ey

5 Stunning Kitchens That Prove Going Bold Is Worth the Risk

Source: Jennifer Barger – Washingtonian.com

Below are five stunning kitchen trends that prove going bold is worth the risk.

  1. Dark and Handsome
    Brass hardware, patterned tile floors, and dark navy cabinets
  2. Blue Wave
    One part calm and Two parts creative
  3. Traffic Stopper
    An eye-catching burst of color
  4. The Great Indoors
    Earthy yet sophisticated
  5. Crayola Kitchen
    Black concrete countertops with edgy modern cabinets

Our favorite is the Blue Wave – teal, white and beachy wood combine in a peaceful space. Learn more about the Five Trends on Washingtonian.com.

Check out our Blue Wave kitchens at 700 16th Street NE in Kingman Park at MGLivingDC.com.

The Menkiti Group To Buy Worcester Building From MassDevelopment

From massdevelopment.com:

October 17, 2018

The Menkiti Group, through its subsidiary 526 Main Street Partners LLC, has executed a purchase and sale agreement with MassDevelopment to buy 526-538 Main Street in Worcester, the former Pawn Shop building that MassDevelopment bought last year through its Transformative Development Initiative (TDI) Equity Investment program. MassDevelopment purchased the building in 2017 and made façade improvements before soliciting interest from developers through an RFP process.

The Menkiti Group, an integrated real estate services company, submitted a comprehensive proposal to reactivate the building by providing opportunities for retail, arts, and cultural amenities that will reinforce the neighborhood’s identity as a destination for arts and entertainment. The sale is expected to close in spring 2019.

“Our anticipated purchase of 526-528 Main Street will add to The Menkiti Group’s growing portfolio of projects in the Worcester Theater District, and further demonstrates our commitment to that neighborhood and to its future,” said Bo Menkiti, Founder and CEO of The Menkiti Group. “We recognize the significant architectural, cultural, and educational community assets that are here, and we look forward to working with existing stakeholders, local creatives, and entrepreneurs to enhance and harness those assets to develop a thriving, diverse, and economically vibrant neighborhood.”

“The Menkiti Group has a strong presence here in Worcester’s TDI District and throughout the city, and is the right team to lead 526-538 Main Street into the next stage of development,” said MassDevelopment President and CEO Lauren Liss. “MassDevelopment was proud to invest in this key property through our TDI Equity Investment program and we look forward to seeing this revitalized building breathe new life into downtown Worcester.”

The redevelopment of 526-538 Main Street, a two-story building located across the street from the Hanover Theatre and Conservatory in Worcester’s Theatre District, is critical to advancing the city’s vision for transforming its downtown. Following the departure of the Pawn Shop from the building in March 2018, 526-538 Main Street contains 8,000 square feet of vacant space on the building’s first floor and 8,400 square feet of vacant space on the building’s second floor. The Muse Bar, a contemporary bar established in 2015, occupies 1,000 square feet on the building’s first floor. Since MassDevelopment purchased the building in 2017, the Agency worked with the Theatre District Alliance to install new signage that visually improved the building and marketed the property.

“As our downtown revitalization efforts continue with a complete re-imagining of Main Street, reactivating this key property in our Theatre District is a vital piece of our overall development plan,” said City Manager Edward M. Augustus. “We thank MassDevelopment and the Menkiti Group for making this important project a reality through the TDI program.”

MassDevelopment’s Transformative Development Initiative is a program for Gateway Cities designed to accelerate economic growth within focused districts. The program works with cross-sector partnerships to engage community members in actionable planning, implement local economic development initiatives, and spur further public and private investment.

MassDevelopment uses its TDI Equity Investment program to make equity investments in properties with potential to spur transformative development in and around a TDI District. Through the program, MassDevelopment invests in near-term projects that will have significant economic impacts within a district; are consistent with Commonwealth and Agency priorities; engage and build capacity in local communities and partners; catalyze market demand and support district goals; and lack other sufficient funding sources to proceed.

Worcester is one of 10 Gateway Cities selected in 2014 to host pilot TDI Districts—along with Brockton, Everett, Haverhill, Holyoke, Lynn, Malden, New Bedford, Peabody, Pittsfield, Revere, and Springfield. As a part of the TDI program, each District receives a range of real estate development services to support local visions for redevelopment and to catalyze economic activity and investment. The vision for Worcester’s Theatre District is to become a bustling hub of cultural activity and entertainment within the downtown, leveraging institutional, residential, and commercial growth anchors to create a mixed-use neighborhood for residents and visitors alike to live, work, and play.

“The announcement of this sale is an exciting development in bolstering the great momentum that the Theatre District is currently witnessing,” said Craig Blais, President and CEO of the Worcester Business Development Corporation (WBDC). “This purchase is yet another example of MassDevelopment’s TDI investment programs and the indelible impact that they continue to have within the Theatre District.  The 526 Main Street property has long been viewed as a distress property and the WBDC commends the Menkiti Group’s willingness to take on this difficult property.  This complements our block by block strategy connecting CitySquare to Main Street.”

“The 526-538 Main Street building had been a real detractor to the area until MassDevelopment purchased it,” said Hanover Theatre President and CEO Troy Siebels. “We’re glad to see that they’ve identified a buyer in Menkiti Group that’s committed to using the building in a way that contributes positively to the theatre district.”

MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2018, MassDevelopment financed or managed 384 projects generating investment of more than $4.1 billion in the Massachusetts economy. These projects are estimated to create or support 10,994 jobs and build or rehabilitate 830 housing units.

Contact:
Kelsey Schiller, MassDevelopment
kschiller@massdevelopment.com
617-330-2011 & 617-694-9695 (cell)

Early Childhood Academy Public Charter School Breaks Ground

MAYOR BOWSER, THE MENKITI GROUP, COMMUNITY LEADERS, PARENTS, AND STUDENTS CELEBRATE THE GROUNDBREAKING OF THE EARLY CHILDHOOD ACADEMY PUBLIC CHARTER SCHOOL

New Southeast school will provide a state-of-the-art, holistic learning environment for 300 young students

October 4, 2018, WASHINGTON, DC – Yesterday Mayor Muriel Bowser joined The Menkiti Group and Early Childhood Academy Public Charter School to mark the ceremonial groundbreaking for the new 38,000 square foot state-of-the-art school building, slated to open in August 2019.

The new Early Childhood Academy (ECA) school building is located at 885 Barnaby Street, SE, and consists of a repurposed former church with a new, modern addition to bring the school’s learning, activity, music, administrative, and multi-purposes spaces all under one roof. The school currently operates from two disparate, non-school use centers on adjacent properties.

The project, which is being financed through a combination of ECA PCS funds, grant funding from the Office of the State Superintendent, DC Government facilities allotments, and federal New Markets Tax Credits, marks a milestone for new development in the Washington Highlands neighborhood. The deal was structured as a unique lease-to-own arrangement in which ECA PCS has acquired the site from The Menkiti Group to build equity for the future.

Mayor Muriel Bowser addressed the crowd of attendees from ECA, including members of the Board of Trustees, school administration, teachers, aides, students, parents, project stakeholders and partners, and members of the Washington Heights neighborhood by talking about the impact the new ECA will have on the community, stating “This is going to be the learning space and play space that the students, families, and staff at ECA deserve,” said Mayor Muriel Bowser. “When we invest in our school facilities, we’re investing in the future of our students and communities.”

In addition to Mayor Bowser, speakers included, Ward 8 Councilmember Trayon White, Sr., Wendy Edwards, Executive Director of ECA, Dennis Sawyers, President of the Board for ECA, Thann Ingraham, Principal for ECA, and Mark Rengel, Menkiti Group VP of Development and Project Manager for the ECA project.

At the groundbreaking Menkiti Group Founder and CEO Bo Menkiti also addressed the crowd, offering his reflections on the project, stating: “The Menkiti Group is proud to have this opportunity to develop and deliver not just another transformative development project to the Washington, DC community, but one that truly exemplifies our mission of transforming lives, careers, and communities through real estate. We are particularly pleased that the new Early Childhood Academy will allow young students the opportunity to have a safe, holistic learning environment as soon as the doors open next year, and for many generations in this neighborhood to come.”

ECA Executive Director Wendy Edwards, who has been with ECA since 2005, the first year that the school was in operation, shared her thoughts on the milestone occasion: “After 14 years housed in two small community centers, we are thrilled that our students at Early Childhood Academy Public Charter School will start the 2019-2020 school year in the beautiful and spacious, brand new facility that they deserve.”

Many local organizations, financial institutions, and government leaders played a role in developing this project. Partners in the project include: DC Office of the State Superintendent of Education; Low Income Investment Fund; City First Bank; City First Enterprises; Chase Bank; United Bank; Industrial Bank; Cohn Reznick LLP; TenSquare; Cox Graae + Spack Architects; Meridian Construction; Built Environment Engineers; M.A. Design Group; Robert Silman Associates; DMY Capitol; A2 Services; Dan Triman, LEED AP+; CDKM Consulting; McKeever Services; New Columbia Solar, and DC SEU. Project progress is available at MenkitGroup.com/development.

The Menkiti Group Named One of the Nation’s Fastest-Growing Inner City Businesses

Washington, DC, October 3, 2018- The Initiative for a Competitive Inner City (ICIC) announced that The Menkiti Group has made the 2018 Inner City 100 list of the fastest-growing inner city businesses in America, based on revenue growth. ICIC, a 25-year-old national nonprofit founded by Harvard Business School professor Michael E. Porter, promotes economic prosperity in America’s inner cities through private sector investment that leads to jobs, income and wealth creation for local residents.

The list was revealed at the 20th Annual Inner City 100 Conference and Awards in Boston October 1-2.  The full list is available on Fortune’s website. The Menkiti Group, led by CEO Bo Menkiti was ranked #93 based on its growth rate from 2013 to 2017 of 68.26% and 2017 revenue of $17,515,873.

2018 marked the 5th appearance on the prestigious list for The Menkiti Group, placing the company into the ICIC fastest-growing companies Hall of Fame. Keller Williams Capital Properties was also ranked for a record 5th appearance, this year at #92, which places the company into the Hall of Fame as well.

Said ICIC CEO Steve Grossman, “Inner City 100 companies are forces of economic opportunity, optimism and transformation in their communities. They lead the way in innovation, job creation and economic revitalization and it’s an honor to shine the spotlight on their leadership and accomplishments. In addition to excellence in business, these pioneering entrepreneurs have demonstrated a deep commitment to and passion for their communities, which significantly impact the wellbeing of their local economies”.

Now celebrating its 20th year, ICIC’s Inner City 100 list has long celebrated urban entrepreneurship. Since its inception, ICIC’s list has recognized 975 companies, which have seen average growth rates of more than 400 percent during a five-year period and have collectively created more than 126,000 meaningful jobs in America’s distressed and underserved communities and neighborhoods.  The Inner City 100 program opens doors for other budding urban entrepreneurs and stimulates inner city business development and job creation through recognition, networking and learning.

“These businesses and their owners are a testament to the impact innovation and entrepreneurship have had in rejuvenating urban areas across the U.S. Companies such as (COMPANY NAME) are experiencing revenue growth and increased investment, which are in turn creating more jobs and economic opportunity for citizens in the communities where these companies call home” said ICIC President and COO, Matt Camp.

2018 Inner City 100 by the numbers:

  • Average growth rate of 436 percent between 2013 and 2017
  • Represent 46 cities in 23 states
  • Employed 10,085 individuals in 2017
  • Created 5,516 new jobs in the last five years
  • On average, 36 percent of employees live in same neighborhood as the company.
  • Average company age is 15 years
  • Average 2016 revenue is $14.8 million
  • 31 percent are women-led
  • 38 percent are minority-led
  • Represent 26 industries

CEOs from the winning companies were invited to the Inner City 100 Conference and Awards, two days of robust networking opportunities and educational sessions led by Fortune 500 executives and academics from top-tier universities, including Harvard Business School. Past winners have reported connecting with multi-million dollar investors as a result of appearing on the Inner City 100 list and attending the Conference.

Initiative for a Competitive Inner City (ICIC)

ICIC is a national nonprofit founded by Harvard Business School professor Michael E. Porter. ICIC’s mission is to promote economic prosperity in America’s inner cities through private sector investment that leads to jobs, income and wealth creation for local residents. Through its research on inner city economies, ICIC provides businesses, governments and investors with the most comprehensive and actionable information in the field about urban market opportunities. The organization supports urban businesses through the Inner City 100, Inner City Capital Connections, Goldman Sachs 10,000 Small Businesses program, and Santander Bank’s Cultivate Small Business program. Learn more at www.icic.org or @icicorg.

Early Childhood Academy profiled in Commercial Observer

As reported by Christina Sturdivant-Sani of Commercial Observer on September 13, 2018:
“The Real Estate Struggle Is Real for DC Charter Schools”

“We’re incredibly excited to be able to bring a new building to this charter school serving very low-income students—it’s heavily aligned with our mission of transforming neighborhoods,” said Brian Burke, Executive Vice President at The Menkiti Group.

See the full Commercial Observer story here.

See our project page on the Early Childhood Academy PCS for more detail.

Kymber Lovett-Menkiti Recognized as a Washington Business Journal 2018 40 Under 40 Honoree

Wednesday, June 27, 2018: WASHINGTON, DC – It was announced last night that Kymber Lovett-Menkiti, Regional Director for the Maryland/DC region for Keller Williams Realty International, and President of Sales for The Menkiti Group and for

Keller Williams Capital Properties (KWCP), has been named to the Washington Business Journal 2018 40 Under 40 list of honorees, a group of the greater Washington, DC region’s brightest and best young business leaders under age 40.

“I am thrilled and humbled to be recognized among an incredible group of business leaders in the Washington, DC region, and among standout women in particular,” said Lovett-Menkiti. “When I reflect on my journey to this point, I’m proud to say I have built my career in doing what I love most – in doing good while doing well, succeeding in business while serving the community. I’m fortunate to have many talented people around me that challenge and inspire me each day to transforming lives, careers, and communities through real estate,” she added.

Since the founding of The Menkiti Group in 2004, and subsequent founding of KWCP in 2006, Kymber has demonstrated outstanding performance as a sales driver for the two companies and helped to generate significant revenue growth. Both entities have been consistently recognized on the INC. 500/5000 list of fastest-growing privately-held companies for a collective 14 times and have also been recognized by the Initiative for a Competitive Inner City as fastest growing inner-city businesses in the United States for a combined seven times.

In January 2018, Kymber accepted the role of Regional Director for the Maryland/District of Columbia Region of KWRI, directing growth for 19 Market Center offices, with close to 5,000 real estate professionals, and is the first African American woman to hold as high a position in the company. Washingtonian Magazine has named Kymber a Top Real Estate Agent multiple years, and in 2015, she was recognized by Washington SmartCEO as a 2015 Brava award winner for distinguished achievement as a member of Greater Washington’s top women business leaders.

Kymber is a charter member and Board Chair of the CPMG Foundation, a joint project of The Menkiti Group and Keller Williams Capital Properties created to support the housing, education, and entrepreneurship needs in the DC Metro area, Kymber is also a founding member of the board for DC WISE, (Women in Solidarity for Empowerment), a Washington, DC non-profit organization established to support organizations that serve women and children. To date, the organization has contributed more than $650,000 to the communities in which it serves.

Magna cum laude graduate of James Madison University with a degree in Social Work, Kymber also holds two Master’s Degrees in Social Work, and Law and Social Policy from Bryn Mawr College. An Associate Broker and licensed REALTOR® in the District of Columbia, Maryland, and Virginia, she has been a long-time resident of the District of Columbia and enjoys celebrating the culture and big city luxuries of the urban setting while appreciating the small-town comforts of its neighborhoods and communities with her husband and three active boys.

What’s Next After the Election? Bo Menkiti’s Perspective

Today in a special Washington Business Journal feature with other top Washington-area business leaders, The Menkiti Group CEO Bo Menkiti shared his perspsective on the potential impact of a Trump presidency for the regional business community.

In short, Bo’s perspective is that of any successful leader; that the long -term planning and visions that a company holds guide them through challenging and uncertain times.

“As a mission-based company fundamentally committed to a vision of America where communities are thriving, diverse, and economically vibrant, we naturally have concern about the impact of a change in administration on the regional economy and housing and economic policy.,” expressed Bo. “We plan to stay the course with our long-term growth strategy, and are parepared to take advantage of market opportunities should the economy shift.”

Read more of the reactions from Bo’s peers HERE.