Commercial Investment Real Estate is the magazine of the CCIM Institute, the leading provider of commercial real estate education. CIRE covers market trends, current developments, and business strategies within the commercial real estate field.
Issue link: http://cire.epubxp.com/i/102789
DE AL MAKERS The Biggest Deal Clint L. Sherwood, CCIM, and Craig D. Timmins, CCIM, of Investment Properties Corp. in Naples, Fla., represented FTC Naples in the more than $49.9 million sale of a 161,000-sf ofce property in Naples to an undisclosed buyer. Matthew Stepan, CCIM, of Premier Commercial Properties in Bonita Springs, Fla., and two partners represented the buyer. ³Andrew Chan, CCIM, Multifamily Big Deal Andrew Joseph Burnett, CCIM, and David Burnett, CCIM, of Sperry Van Ness/William T. Strange & Associates in Oklahoma City and a partner negotiated the $31.8 million sale of a 408-unit multifamily property in Owasso, Okla., from an undisclosed seller to Trilogy Real Estate Group. W. Andrew Babcock, CCIM, of Marcus & Millichap in Columbia, S.C., represented an undisclosed buyer in the $22.5 million purchase of a 326-unit apartment complex in Louisville, Ky., from Te Infnity Group. Andy Kay, CCIM, of Sereno Group in Soquel, Calif., negotiated the $10.4 million sale of a 50-unit multifamily property in Santa Cruz, Calif., from an undisclosed seller to an undisclosed buyer. Cindy Hill, CCIM, of KW Commercial in Studio City, Calif., negotiated the more than $7.1 million sale of a 40-unit multifamily portfolio in Sherman Oaks, Studio City, and Van Nuys, Calif., from Howard Rubenstein to KBC Investors. 46 January | February | 2013 of Realtyline in Vancouver, British Columbia, represented an undisclosed buyer in the $6.9 million purchase of a 42-unit multifamily property in Vancouver from an undisclosed seller. Industrial Big Deal µEdward J. Redlich, CCIM, of ComReal Miami in Miami and a partner represented MS International in the $10.4 million purchase of a 120,000-sf distribution building in Deerfield Beach, Fla., from EWE. ¶Kevin A. McGrath, CCIM, of Cassidy Turley in Columbus, Ohio, and two partners represented Aegon in the more than $7.1 million sale of a 308,000-sf warehouse property in Gahanna, Ohio, to Niagara Bottling LLC. µMichael Vernick, CCIM, of Voit Real Estate Services in Orange, Calif., and a partner represented Classic Performance Products in the $5.9 million purchase of a 77,788-sf industrial property in Placentia, Calif., from Lincoln Imports. ´Larry Edwards, CCIM, of NAI San Diego Commercial Real Estate Services in San Diego and a partner represented Paulus Enterprises LLC in the $5.8 million purchase of an 80,000-sf industrial property in Fontana, Calif., from an undisclosed seller. Lestor E. Osborn II, CCIM, and A. Scott Hensley, CCIM, of Piedmont Properties/Corfac International in Charlotte, N.C., represented Weston in the more than $5.1 million sale of a 318,000-sf industrial building in Rock Hill, S.C., to Rock Hill Commerce LLC. Retail Big Deal Steve W. Moyer, CCIM, of Landmark Western II in Centennial, Colo., represented C&S; Wholesale/Belle Foods in the $23 million sale-leaseback of nine retail properties totaling 350,916 sf in Alabama and Georgia to an undisclosed buyer. ³Garry E. Adams, CCIM, of Capital Realty in Sherman Oaks, Calif., represented Drybar in the more than 5-year, more than $12.5 million in leases totaling 18,000 sf of retail space in Santa Monica, Westlake Village, Manhattan Beach, Pasadena, and San Jose, Calif.; New York; Washington, D.C.; and Bethesda, Md., from an undisclosed lessor. Timothy C. Macker Jr., CCIM, of Coldwell Banker Commercial Westmac in Los Angeles negotiated the $9 million sale of an 8,294-sf retail property in Santa Monica, Calif., from an undisclosed seller to an undisclosed buyer. Macker also negotiated the $7 million sale of a 7,400-sf retail property in Santa Monica from an undisclosed seller to an undisclosed buyer. Richard P. Ikeler, CCIM, of SRS Real Estate Partners in Dallas and a partner represented an undisclosed buyer in the $8 million purchase of a 45,000-sf retail property in Dallas from Glenn Lake Partners LP. ³Jason Powell, CCIM, of Ackerman & Co. in Atlanta and a Commercial Investment Real Estate