CCIM Feature
Deal Makers(32)
The Biggest Deal
Michael Stockton, CCIM,
of Horizon Mortgage Corp. in Sarasota, Fla., arranged the $61.5 million
financing of three multifamily communities totaling 996 units in Alabama and
South Carolina for Sturbridge Commons Apartments LLC, Polos at Hudson Corners
LLC, and Audubon Holdings LLC.
CCIM ROI
“The
CCIM education gives everyone a tremendous foundation in the owner perspective,” says Gary W. Lyons, CCIM,
of Lincoln Harris in Raleigh, N.C., who represented Kestrel Heights Charter
School in the 10-year, $2.6 million lease of a 31,000-sf industrial property in
Durham, N.C. “Since
I understood the landlord’s target returns, I could get the tenant to
appreciate that perspective, which helped close the deal.” Angus McDonald, CCIM, of
Tri Properties in Durham, N.C., represented the lessor, Harrod Properties III
LLC.
Multifamily
BIG Deal
John W. Preiss, CCIM, of
the Preiss Co. in Raleigh, N.C., represented UV 88 LLC in the $19 million
purchase of a 240-unit student-housing property in Champaign, Ill., from Wells
Fargo.
Casey Babb, CCIM, of
Marcus & Millichap in Tampa, Fla., represented Willowbrooke Apartments LLC
in the more than $14.1 million sale of the 300-unit Willowbrooke Apartments in
Lakeland, Fla., to a private investor.
Michel Hibbert, CCIM, of
Charles Dunn Co. in Los Angeles represented 821 Wilcox Avenue LLC in the more
than $4.4 million purchase of an 18-unit multifamily property in Los Angeles
from 813 Wilcox LLC.
Retail
BIG Deal
P. Robert Manor, CCIM, of
Coldwell Banker Commercial AI Group in Orange City, Fla., represented Sand
Dollar LLC in the $14.8 million sale of a portfolio of 8 Dollar General Stores
in Florida to an undisclosed buyer.
Jim Casale, CCIM, of Lee
& Associates in San Diego negotiated the $3.8 million sale of a 10,908-sf
retail property in Sherman, Texas, from an undisclosed seller to ARC Properties
Trust.
Andy R. Fishler, CCIM, of
the Boerke Co. in Milwaukee represented IDS Properties in the $3.7 million sale
of the 65,000-sf Sentry Grocery Store in Milwaukee to an undisclosed buyer.
David J. Stevens, CCIM,
of Investment Properties Corp. in Naples, Fla., represented TWC Associates
Profit Sharing in the $3.5 million purchase of a 45,824-sf retail property in
Naples from MSCI 2006-HQ10 Naples Retail LLC.
Christopher Prosser, CCIM,
and Steven L. Timmel, CCIM, of Colliers International in Cincinnati represented
Anchor Properties/Miller-Valentine in the more than $2.3 million sale
of the 9,835-sf Evandale
Commons in Cincinnati to Yale Realty Services.
Timothy C. Macker Jr.,
CCIM, of Coldwell Banker Commercial in Los Angeles and two partners negotiated
the more than $2.1 million sale of a 3,800-sf retail property in Beverly Hills,
Calif., from a private owner to a private investor.
Niraj Sarda, CCIM, of CB
Richard Ellis in Dearborn, Mich., represented Ford Motor Credit Co. in the $2.1
million sale of a 55,736-sf retail property in Spokane, Wash., to an
undisclosed buyer.
Office
BIG Deal
Reid A. Bennett, CCIM, of Sperry
Van Ness in Chicago, and two partners represented the Dakota Bank Building LP in
the $9.5 million sale of the 120,000-sf Dakota Center building in Fargo, N.D.,
to NetReit.
Dominic Daniel Dutra,
CCIM, of Dutra-Cerro-Graden in Hayward, Calif., and a partner represented
Chabot-Las Positas Community College District in the more than $8.9 million
purchase of more than 65,000 sf of office space in Dublin, Calif., from Nearon
Enterprises.
Chad G. Boddez, CCIM, of
Colliers International in Edmonton, Alberta, represented the Standard Life
Assurance Co. of Canada in the 5-year, $4.1 million lease of a 58,599-sf office
property in Edmonton to EBA Engineering Consultants.
Russell T. Noll, CCIM, of
Transwestern in San Antonio represented Brooks Development Authority in the
5-year, $4 million lease of 77,648 sf of office space in San Antonio to the
Board of Regents of Texas A&M University.
Joseph H. Graham, CCIM,
of CB Richard Ellis in Raleigh, N.C., represented Healthcare REIT in the more
than $3.7 million sale of 30,464 sf of office space in Durham, N.C., to an
undisclosed buyer.
Christopher Prosser,
CCIM, and Steven L. Timmel, CCIM, of Colliers International in Cincinnati
represented C-III in the more than $3.6 million sale of 296,253 sf of office
space in Dayton, Ohio, to THMG 10 LLC.
James P. O’Connell, CCIM, and Thomas M.
Powers, CCIM, of Cassidy Turley in Cincinnati and a partner represented Duke
Realty Corp. in the $2.9 million sale of 28,700 sf of office space in
Cincinnati to a private investor.
Michel Hibbert, CCIM, of
Charles Dunn Co. in Los Angeles represented One A LLC in the more than $2.4
million sale of a 5,550-sf office building in Beverly Hills, Calif., to
GDSB&M LLC.
Industrial
BIG Deal
Stephen V. Jacquemin,
CCIM, of S.J. Financial Group in St. Louis represented Arlan Asset Management
in the $4.2 million purchase of the 96,000-sf Lakefront Commerce Center in
Earth City, Mo., from Reliance Bank.
James P. Keeley, CCIM, of
Colliers International in Scottsdale, Ariz., and a partner represented
Birchwood Heights Equity Corp. in the more than $2.2 million purchase of 58,437
sf of industrial condos in Phoenix from NextGen Commercial LLC.
Bruce R. Isaac, CCIM, of
NAI Isaac Commercial Properties in Lexington, Ky., and two partners
represented JCI in the more than $2.1 million sale of a 97,500-sf industrial
property in Georgetown, Ky., to HGI-Kentucky LLC.
Mixed-Use
BIG Deal
Timothy C. Macker Jr.,
CCIM, of Coldwell Banker Commercial in Los Angeles and a partner negotiated the
$10.5 million sale of a three-building mixed-use portfolio totaling 16,585 sf
in Santa Monica, Calif., from an undisclosed seller to an undisclosed buyer.
John R. Gendron, CCIM, of
Gendron Commercial in Portland, Maine, negotiated the $5.2 million sale of a
84,000-sf mixed-use property in Westbrook, Maine, from Russ Sternberg,
Johnathan Cohen, and John Hutchins to 865 Spring Street LLC.
Financing
BIG Deal
Steven Lloyd States,
CCIM, of States Mortgage Co. in Houston arranged the more than $8.6 million
refinancing of a 63,000-sf medical office property in Houston for an
undisclosed borrower.
Farrah L. Kay, CCIM, of
National Bank of Arizona in Tucson, Ariz., arranged the $8 million financing of
a 116-unit multifamily property development project in Tucson for a partnership
sponsored by MC Cos.
Russ W. Martin Jr., CCIM,
of First Security Bank in Little Rock, Ark., arranged the more than $4.5
million financing of a 73-room hotel in Little Rock for an undisclosed
borrower.
Land
BIG Deal
Dominic Daniel Dutra,
CCIM, of Dutra-Cerro-Graden in Hayward, Calif., negotiated the $2.8 million
sale of 71.6 acres of agricultural land in Watsonville, Calif., from Salesian
Society to Dalton Lane Watsonville LLC.
William H. Rollins Jr.,
CCIM, of Land Solutions in Fort Myers, Fla., and a partner represented Colonial
Homes in the $2.8 million sale of 96 residential lots in Naples, Fla., to
Lennar Homes LLC.