CCIM Feature

January/February Online Deal Makers

Multifamily

Reid A. Bennett, CCIM, of Sperry Van Ness in Chicago negotiated the more than $2.8 million sale of a 118-unit student housing/multifamily property in South Bend, Ind., from 424 Francis LLC to Eddy Street Townhomes.

Harlan E. Reichle Jr., CCIM, of The Reichle Klein Group in Toledo, Ohio, and a partner represented TriTex Park Terrace LLC in the $2.4 million sale of the 208-unit Park Terrace Apartments in Toledo to an undisclosed buyer.

Industrial

Michael Wax, CCIM, of Industrial Park Associates in Oxnard, Calif., negotiated the more than $1.6 million sale of a 15,519-sf industrial property in Ventura, Calif., from Knoll Drive Investors LLC to JTR Properties.

Jarrad Katz, CCIM, of MDL Group in Las Vegas and a partner represented T. Danny Tai and Victoria H. Tai Revocable Trust in the more than $1.4 million sale of a 17,500-sf industrial building in Henderson, Nev., to Lake Las Vegas Property Investments LLC.

John V. Propp, CCIM, of John Propp Commercial Group in Greenwood Village, Colo., and a partner represented R&L LLC in the $1.1 million sale-leaseback of a 26,400-sf warehouse and 1.5-acre yard in Englewood, Colo., to Leger Investments LLC

Mixed-Use

Todd P. Garrett, CCIM, of Grubb & Ellis in Mount Pleasant, S.C., and a partner represented Cidtens Consulting LLC in the $600,000 sale of a 9,500-sf office/warehouse property in Charleston, S.C., to Old Charleston LLC.

Office

Richard Cheng Lee, CCIM, of Commercial Facilities in San Diego represented Lyons-Warren Partners in the $2.7 million sale of a 24,500-sf office building in Kearny Mesa, Calif., to Harvey.

Brian T. Ahearn, CCIM, of Coldwell Banker Commercial NRT in Aventura, Calif., represented ID & Design USA LLC in the $2.1 million purchase of a 13,544-sf office building plus bank drive-through in Oakland Park, Fla., from Broward Realty Corp.

Elliot M. Ross, CCIM, of RMC Ross Realty in Tampa, Fla., represented Seminole Mall Office Center in the more than $1.9 million sale of the Seminole Office Center and Seminole Mall Bank buildings totaling 46,975 sf in Seminole, Fla., to Seminole Mall LP.

John V. Propp, CCIM, of John Propp Commercial Group in Greenwood Village, Colo., represented Eighty151 LLC in the $1.9 million sale of a 10,298-sf medical office building in Littleton, Colo., to 475 South Broadway LLLP.

Andrew S. Levy, CCIM, of Realty Executives of Nevada in Las Vegas represented Inland Container Express in the 5-year, $74,424 lease of 1,170-sf of office space in Pace Plaza in Las Vegas. Bobbi Miracle, CCIM, Commercial Executives in Las Vegas represented the lessor, Allen-Milan LLC.

Specialty

Jarred Katz, CCIM, of MDL Group in Las Vegas and a partner represented Lewel LLC in the more than $1.6 million purchase of a 39,490-sf funeral home in Las Vegas from TEG Durango Pointe LLC.

Recommended

Searching for Stability

Spring 2022

Ongoing disruptions to the global supply chain will impact commercial real estate, but opportunities are available across various sectors.

Read More

The Ins and Outs of Receiverships

Spring 2022

Receiverships offer promising avenues for commercial real estate professionals to assist lenders with distressed assets.

Read More

Redefining Location

Spring 2022

The driverless vehicle and rise of remote work are two potential catalysts for significant changes to the valuation process.

Read More

The How and Where of Climate Risk

Spring 2022

Location intelligence from Esri can prepare the commercial real estate industry for approaching environmental changes.

Read More