CCIM Deal Makers

 

THE BIGGEST DEAL

Ricardo E. Cordido, CCIM, and a partner at HK Group in Westport, Conn., negotiated the $136 million sale of the 764-unit Town Walk at Hamden Hills multifamily property in Hamden, Conn., from Baker Properties to Jones Street Investment Partners.

Office

BigDeal | Reid Davis, CCIM, of Lee & Associates in Charleston, S.C., represented Greenville Corporate LLC in the $69 million purchase of the 342,042-sf Aviation Business Park office property in Charleston from Rushmark Properties.

 

Gary Lyons, CCIM, of Avison Young in Raleigh, N.C., represented Matrix Norwalk LLC in the more than $16.4 million sale of a 179,292-sf office building in Norwalk, Conn., to Hanover Real Estate Partners.

 

Trisha Talbot, CCIM, of Newmark Knight Frank in Phoenix represented Signal Healthcare in the more than $13.4 million sale of the 40,000-sf Estrella Healthcare Campus office property in Phoenix to Cypress West.

 

Cathy Jones, CCIM, and four partners at Sun Commercial Real Estate in Las Vegas represented Windmill Place LLC in the more than $6.4 million sale of a 21,651-sf office property in Las Vegas to 370 E Windmill Investor LLC.

 

Sanford Mahr, CCIM, of The Mahr Co. in Tampa, Fla., negotiated the $6 million sale of a 45,000-sf office property in Tampa from The Mahr Co. to an undisclosed buyer.

 

Pete Frandano, CCIM, of Coldwell Banker Commercial MECA in Charlotte, N.C., represented an undisclosed seller in the $4.1 million sale of the 21,120-sf Southend Submarket office property in Charlotte to an undisclosed buyer.

   

Multifamily

 

BigDeal | Devin Lee, CCIM, of Northcap Commercial Multifamily in Las Vegas represented Westland Real Estate Group in the $60.3 million purchase of the 1,129-unit Liberty Village and Village Square Apartments in Las Vegas from Shamrock Properties VI & VII LLC.

 

Stephen Jacquemin, CCIM, of Sperry Commercial Global Affiliates-SJ Financial Group in St. Louis represented an undisclosed buyer in the $24 million purchase of a 166-unit multifamily property in St. Charles, Mo., from an undisclosed seller.

 

Beau Beery, CCIM, of Coldwell Banker Commercial M.M. Parrish in Gainesville, Fla., negotiated the more than $14.3 million sale of the 168-unit Townhomes at 770 multifamily property in Tallahassee, Fla., from an undisclosed buyer to an undisclosed seller.

 

Devin Lee, CCIM, and three partners at Northcap Commercial Multifamily in Las Vegas represented Lee Forman and Kenneth Friedman in the more than $4.3 million sale of the 74-unit Swenson Apartments in Las Vegas to an undisclosed buyer. Lee and three partners also represented Westland Tara Vista LLC in the more than $4.3 million sale of a 56-unit multifamily property in Las Vegas to an undisclosed buyer.

   

Mixed-Use

 

BigDeal | Ken Reinschmidt, CCIM, of Saratoga Commercial Real Estate in Bellingham, Wash., represented North America Investment Birch Bay LLP in the more than $12.7 million sale of the 135,000-sf Birch Bay Square in Blaine, Wash., to an undisclosed buyer.

 

Devin Lee, CCIM, and three partners at Northcap Commercial Multifamily in Las Vegas represented 1060 Broadway LLC in the more than $11.5 million sale of the 191-unit Desert Manor in Las Vegas to Magnolia Circle LLC.

 

Cathy Jones, CCIM, and four partners at Sun Commercial Real Estate in Las Vegas represented DeCar Enterprises LLC in the $6 million sale of a 31,000-sf mixed-use property in Las Vegas to 5722 Soto Street LLC.

   

Finance

 

BigDeal | Riley Halloran, CCIM,  of U.S. Realty Capital LLC in Conshohocken, Penn., arranged more than $12.5 million in financing for a 114,900-sf retail property in Kissimmee, Fla., for U.S. Realty Capital LLC.

 

Tyler Chesser, CCIM, of Gant Hill & Associates in Louisville, Ky., arranged $6.8 million in financing for the 88,000-sf Lofts of Broadway multifamily property in Louisville for an undisclosed buyer.

 

Marc Magliarditi, CCIM, and a partner at Logic Commercial Real Estate in Las Vegas arranged $4.4 million in financing for the 36,019-sf Interstate Business Park industrial property in Henderson, Nev., for an undisclosed buyer.

 

Shahid K. Abdulla, CCIM, of PlainsCapital Bank in San Antonio arranged $4.3 million in financing for a 25,000-sf office property in San Antonio for an undisclosed buyer.

   

Industrial

 

BigDeal | Dunston Powell, CCIM, of Carolina Commercial LLC in Mt. Pleasant, S.C., represented an undisclosed seller in the $12.2 million sale of a 135,364-sf industrial property in Charleston, N.C., to an undisclosed buyer.

 

Austin Walker, CCIM, of Whitney Commercial Real Estate in Asheville, N.C., represented Minkles Butler Farms LLC in the more than $11.6 million lease of a 139,200-sf industrial property to Gaia Herbs.

 

Matt Gorman, CCIM, of Touchstone Commercial Partners in San Francisco represented Victor and Miladys Rivera in the more than $4.9 million purchase of a 15,000-sf industrial property in San Francisco from an undisclosed seller.

 

Cathy Jones, CCIM, and four partners at Sun Commercial Real Estate in Las Vegas represented FJM Valley View Associates LLC in the more than $2.7 million sale of a 20,271-sf industrial property in Las Vegas to an undisclosed seller.

   

Land

 

BigDeal | Reid Davis, CCIM, of Lee & Associates in Charleston, S.C., represented 1304 Meeting Street LLC and Stella Kala LLC in the $10.5 million sale of 2.82 acres of land in Charleston to Lennar Homes.

 

Marie Boyle, CCIM, and a partner at Palkiper Commercial Real Estate Services in Orlando, Fla., represented Lake Nona Holdings LLC in the $9 million  sale of the 9.69-acre Lake Nona Tyson’s Corner Retail land property in Orlando to Epic Development.

 

Phil Fischler, CCIM, of Fischler Property Co. LLC in Fort Myers, Fla., represented Pinzon LLC in the $5.3 million sale of the 12.53-acre Pinzon parcel land property in Palmetto, Fla., to BACC Hotel LLC.

 

Carolyn Betts, CCIM, of KW Commercial in Charlottesville, Va., represented  an undisclosed seller in the $4.5 million sale of 25 acres of land in Harrisonburg, Va.,  to Sentara.

   

Retail

 

BigDeal | Justin Lossner, CCIM, of JLL in Des Moines, Iowa, represented an undisclosed buyer in the more than $9.3 million purchase of the 77,373-sf Deerfield Crossing in Urbandale, Iowa, from an undisclosed seller.

 

T.C. Macker, CCIM, of Coldwell Banker Commercial WESTMAC in Los Angeles negotiated the more than $7.5 million sale of a 11,312-sf retail property in Los Angeles from Ness Holdings to Ashley Square Associates LLC. Macker and a partner also represented The Sachen Family Trust in the $4.1 million sale of the 5,494-sf Doc’s Ski and Sports in Santa Monica, Calif., to Fresh Powder and Widgets LLC.

 

Nick Miner, CCIM, of ORION Investment Real Estate in Glendale, Ariz., represented Arizona Brittany Square LLC in the more than $5.8 million sale of the 51,554-sf Brittany Square retail property in Glendale to T Brittany Square LLC.

 

Cathy Jones, CCIM, and four partners at Sun Commercial Real Estate in  Las Vegas represented VEB Properties LLC in the $3 million purchase of a 7,200-sf retail building in Tucson from an undisclosed seller.

 

David J. Stevens, CCIM, of Investment Properties Group in Naples, Fla., negotiated the $2.2 million sale of the 5,000-sf Centennial Bank building in Naples from Centennial Bank to Lake Forest Bank & Trust Co. N.A.

   

Specialty

 

BigDeal | Dean Saunders, CCIM, of Coldwell Banker Commercial Saunders Real Estate in Lakeland, Fla., negotiated the $7.9 million sale of the 1,364-acre Alico Island Pond Grove in Osceola County, Fla., from Alico to Optimum ICD Holdings.

 

Jeff Cusson, CCIM, of Coldwell Banker Commercial Saunders Real Estate in Lakeland, Fla., represented an undisclosed buyer in the $5.3 million purchase of a 1,500-acre dairy farm in DeSoto County, Fla., from Brighton Dairies.

 

Frank Vora, CCIM, of Progressive Real Estate Partners in Rancho Cucamonga, Calif., represented a San Diego County-based private investor in the $4.6 million sale of the 10,492-sf Tutor Time Learning Center in Fontana to a Los Angeles-based private investor.

   

+++

 

CCIM ROI

 

Marcus Pitts, CCIM, and Justin Lossner, CCIM, both of JLL in Des Moines, Iowa, took distinctly different career paths after graduating from the University of Northern Iowa in 2003. Pitts became a specialist in industrial properties, and Lossner specialized in the office market, each working at different companies for many years. One thing they did have in common throughout their careers — becoming CCIMs.

“CCIM has played just a hugely central role to all of our work,” says Lossner, who is also the current CCIM Iowa Chapter president. “Having attended all these national [CCIM] conferences, the exposure to ongoing education and unparalleled networking has been really eye-opening for me the last couple years,” he adds.

Pitts and Lossner recently represented an undisclosed lessee in the $13 million lease of a 162,500-sf industrial property in Ankeny, Iowa. Since leading the JLL Iowa office in 2014, they have closed over 350 transactions together. “Once we joined forces at JLL, it was a pretty good yin and yang,” Pitts says.

When asked about the importance of CCIM education, Pitts believes “the designations are important, and when you have that CCIM designation after your name, you know the person that you’re working with. They understand the numbers. They understand commercial real estate. They have some experience. They’ve had some deals.” Pitts and Lossner are firm believers in furthering real estate education beyond college, so they push their younger brokers to do the same. Lossner mentions “it’s something that we almost mandate from our brokers who are on our team, to get accomplished and become a CCIM.” Pitts says that he and Lossner see CCIM Institute as “a very valuable tool — from the networking, to being able to understand the financials on a deal, to being able to advise a client — those are all things you learn through the education at CCIM.”

 


Let us celebrate your success from across the globe. Submit your recently completed deals for possible inclusion in Commercial Investment Real Estate magazine's CCIM Deal Makers. Transactions involving at least one CCIM designee with a total value of $3 million USD or more are eligible for inclusion in Deal Makers.

Have questions? Contact us at dealmakers@ccim.com.


 

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