CCIM Feature

Deal Makers(25)

The Biggest Deal

Andrew Joseph Burnett, CCIM, of Sperry Van Ness/William T. Strange & Associates in Oklahoma City, and a partner negotiated the $17.2 million sale of a 274-unit apartment building in Oklahoma City from Virtu Investments to Haley and Associates.

CCIM ROI

“More than anything, the CCIM designation gives me the confidence to go out and present my business card,” says Charles J. Humphreys, CCIM, of Coldwell Banker Commercial Caine in Greenville, S.C. Humphreys recently introduced himself to Star EV Real Estate LLC, which he subsequently represented in the more than $2.6 million purchase of 103,284 sf of industrial space in Simpsonville, S.C., from the Alexander Family Partnership. Reflecting on the key role of the CCIM education program and other benefits, Humphreys notes that “Now is the time to get behind the institute and recruit new members.” It’s as simple as sharing your business card.

Office

BIG Deal
“Debra S. Anderson, CCIM, of Sloan Street Advisors/ITRA in McLean, Va., represented an undisclosed lessee in the more than 5-year, $14.2 million lease of 120,000 sf of office space in Greenbelt, Md., from an undisclosed lessor.

Kenneth S. Strickler, CCIM, of StreamCo in Richmond, Va., represented the landlord in the 15-year, $13 million lease of 58,293 sf of office space in Greensboro, N.C., to Greensboro Orthopaedics. Thomas W. Townes, CCIM, of Triad Commercial Properties in Greensboro represented the tenant. Strickler also represented an undisclosed lessor in the 5-year, $2.5 million lease of 30,350 sf of office space in Richmond, Va., to Reckitt Benckiser.

Alan Peters, CCIM, of Stream Realty Partners in Austin, Texas, represented Ocean Investment in the $4.2 million sale of a 36,231-sf office property in Austin to Randolph Brooks FCU, represented by David Tyler West, CCIM, of NAI REOC Partners in San Antonio.

Salvatore “Sam” DiFranco, CCIM, of CresaPartners in Cary, N.C., represented Triangle Orthopedic Real Estate Group in the $3.1 million purchase of 21,000 sf of office space in Apex, N.C., from an undisclosed seller.

David J. Stevens, CCIM, and Clint L. Sherwood, CCIM, of Investment Properties in Naples, Fla., negotiated the more than $2.9 million sale of 25,405 sf of office space in Naples from Neapolitan Ventures to Rambeh LLC.

David E. Newton, CCIM, of Lee & Associates in Orange County, Calif., and three partners represented Chung & Co. LLC in the $2.9 million sale of a 38,316-sf office building in Santa Ana, Calif., to a private investor.

William C. Groebe, CCIM, of Groebe Realtors & Management in Palos Heights, Ill., represented an undisclosed buyer in the $2.7 million sale of a 30,500-sf office building in Chicago from an undisclosed seller.

John Khami, CCIM, of Lee & Associates in Southfield, Mich., represented an undisclosed lessor in the 5-year, more than $2 million lease of 28,000 sf of office space in Southfield from an undisclosed lessee.

Industrial

BIG Deal
David M. Williams, CCIM, of Grubb & Ellis/Harrison & Bates in Richmond, Va., represented Hill Phoenix in the more than 10-year, $11.5 million lease of 317,000 sf of industrial space in Richmond from J&P Keegan LP.

Williams also represented Richmond International Raceway in the more than $7.8 million purchase of a 220,000-sf industrial facility in Richmond from Liberty Property Trust.

Gary W. Lyons, CCIM, of Sperry Van Ness in Raleigh, N.C., represented the buyer, Harrod Properties III, and the seller, 4900 CPW, in the $3.5 million sale of a 115,400-sf industrial property in Durham, N.C.

James P. Smith, CCIM, of CB Richard Ellis in Albuquerque, N.M., represented MDELS LLC in the 7-year, more than $2.4 million lease of 45,892 sf of industrial/flex space in Albuquerque to MSR-FSR LLC.

Multifamily

BIG Deal
Francisco Rodriguez, CCIM, of FRM LLC in Miami negotiated the more than $2.9 million sale of a 58-unit apartment building in Miami from Borinquins LLC to 425 Joya Dew LLC.

Michel Hibbert, CCIM, of Charles Dunn Co. in Los Angeles represented Marilana Properties LLC in the $2.6 million purchase of an 8-unit apartment complex in West Hollywood, Calif., from Aridan Properties LLC.

Mixed-Use

Craig D. Timmins, CCIM, and David J. Stevens, CCIM, of Investment Properties Corp. in Naples, Fla., negotiated the $2.4 million sale of 9,700 sf of mixed-use space in Naples from Everbank to Vincent Prestige Properties.

Retail

BIG Deal
Niraj Sarda, CCIM, of CB Richard Ellis in Dearborn, Mich., represented Ford Leasing Development Co. in the $9 million sale of a 28,000-sf retail property in Staten Island, N.Y., to an undisclosed buyer.

Paul A. Kenworthy, CCIM, of Charles Dunn Co. in Los Angeles represented IMT Khougaz LP in the $3.59 million purchase of a 20,590-sf retail building in Arvada, Colo., from Drake Real Estate.

Coba C. Craig, CCIM, of Silvestri-Craig Realtors in Lexington, Ky., represented Four Squares LLC in the more than $2.2 million purchase of a 25,583-sf retail property in Richmond, Ky., from Richmond Centre LLC.

Financing

BIG Deal
Paul Natalizio, CCIM, of Cornerstone Realty Consultants in Malden, Mass., and a partner arranged the $4 million financing for four separate multifamily properties totaling 65 units in Quincy, Mass., for four undisclosed buyers.

Shahid K. Abdulla, CCIM, of Broadway National Bank in San Antonio arranged the $3.3 million development loan for a 140-unit senior housing facility in Cypress, Texas, for an undisclosed developer.

Brad A. Cox, CCIM, of Thomas D. Wood & Co. in Sarasota, Fla., arranged the more than $2 million financing of a 6,400-sf retail property in Brandon, Fla., for a Buffalo Wild Wings franchisee.

Land

BIG Deal
William H. Rollins Jr., CCIM, of Land Solutions in Fort Myers, Fla., and two partners represented Colonial Homes in the $7 million sale of 122 acres of land in Bonita Springs, Fla., to Toll FL V LP.

Sharon E. Beesley, CCIM, of MDL Group in Las Vegas negotiated the more than $3 million sale of 11.87 acres of land in Las Vegas from the Federal Deposit Insurance Co. to Ryland Homes.

Hospitality

BIG Deal
William C. Steffey, CCIM, of Chesapeake Real Estate Group LLC in Baltimore represented Delmar Hospitality LLC in the $4.2 million sale of an 89-room hotel in Delmar, Md., to an undisclosed buyer.

Brandt Niehaus, CCIM, of Huff, Niehaus & Associates in Louisville, Ky., represented ASH II Ltd. in the $3.5 million sale of a 170-room hotel in Mobile, Ala., to ASHA LLC.

Specialty

Ted Hill, CCIM, of Vision Ventures in Charlotte, N.C., represented a group of investors in the $6 million loan buyout of a debt piece collateralized by a broken condominium project in Charlotte.

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