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/143044
$14.5 million purchase of the 59,820-sf Village at Eldorado in Little Elm, Texas, from CMC LP. James Hancock, CCIM, of Sperry Van Ness in Dallas represented the seller. Timothy C. Macker, Jr., CCIM, of Coldwell Banker Commercial Westmac in Los Angeles negotiated the more than $6.8 million sale of a 7,075-sf retail property in Santa Monica, Calif., from an undisclosed seller to the Regents of the University of California. Ed Colson Jr., CCIM, of Cassidy Turley in San Diego and a partner represented RA Ramona Investors LP in the more than $4.4 million purchase of a 20,127-sf retail property in Ramona, Calif., from Tomson Foundation Properties LLC. Jim Casale, CCIM, of Lee & Associates in San Diego represented a private family trust in the $3.7 million purchase of a 2,200-sf 7-Eleven store in San Diego from VRE Balboa LLC. David L. Barry, CCIM, of Cassidy Turley Barry in Milwaukee, Wis., represented Springfeld Holdings LLC in the $3.5 million sale of a 21,021-sf retail property in Brookfeld, Wis., to Goodwill Industries of Southeastern Wisconsin. ³Joseph Belinske IV, CCIM, of CBRE Reichle Klein in Toledo, Ohio, negotiated the $3.2 million sale of a 39,710-sf retail strip center in Toledo from Executive Marketplace LLC to Marketplace Executive X LLC. Ryan J. Johnson, CCIM, of Johnson Group in Reno, Nev., negotiated the $3.2 million sale of 31,200 sf of retail CCIM.com space in Reno from Capital City Land Co. to Michael Bozarth. Office Big Deal ´Richard A. Brugge Jr., CCIM, of Cushman & Wakefield in Tampa, Fla., and three partners represented The Realty Associates Fund VIII LP in the $41.5 million sale of the 312,543-sf Carillon office portfolio in St. Petersburg, Fla., to Cardinal Point Management LLC. Brugge and a partner also represented Highwoods Realty Ltd. Partnership in the $14.6 million sale of the 133,914-sf Hilton Grand Vacations headquarters in Orlando, Fla., to Bluebird Metrowest Orlando LLC. ³Ember W. Grummons, CCIM, of Investors Realty in Omaha, Neb., represented Metonic Real Estate Services in the more than $11.2 million purchase of the 136,968-sf Metropolitan Business Center in Omaha from an undisclosed seller. Cordell C. Brown, CCIM, of Price Edwards & Co. in Oklahoma City represented American Farmers & Ranchers Mutual Insurance Co. in the $10 million sale of a 177,000-sf ofce property in Oklahoma City to Oklahoma City University Law Building LLC. ´Julian Kwok, CCIM, of Hartman Income REIT in Houston represented Hartman Parkway LLC in the more than $9.4 million purchase of 136,284 sf of ofce space in Dallas from Merit 99 Ofce Portfolio LP. Tomas M. Strohbehn, CCIM, of Cushman & Wakefeld in Dallas and a partner represented the seller. CCIM ROI Never underestimate the importance of being active in your CCIM chapter. "I have closed several transactions over my career with current and former chapter board members," says Thomas W. Shepherd, CCIM, of Colliers International in Milwaukee. Recently, Shepherd connected with fellow CCIM Wisconsin Chapter member David Luebke, CCIM, of Hendricks Commercial Properties in Beloit, Wis., when he represented Westminster Gateway LLC in the $6.1 million sale of the 72,510-sf Gateway Business Center in Brookfeld, Wis., to Hendricks Commercial Properties. Luebke represented the buyer. With the help of their shared CCIM education, the Wisconsin Chapter members closed the deal in 45 days. "CCIM classes helped me to fully understand the deal from a fnancial perspective and navigate its intricacies," Luebke says. John K. Crotty, CCIM, of Colliers International in Coral Gables, Fla., and a partner represented FG Deerfeld Partners LTD in the more than $5 million sale of a 55,356-sf ofce property in Deerfeld Beach, Fla., to Florida Motels Group. Specialty Debbie W. Heslop, CCIM, of Volk Co. in Tucson, Ariz., represented Core Campus Investment Partners LLC in the more than $3.8 million purchase of a 20,829-sf student-housing property in Tucson from Kiva-Star Partners LLC. Submit transactions to Deal Makers, CIRE, 430 N. Michigan Ave., Chicago, IL 60611; e-mail to dealmakers@ccim.com; or fax to (312) 373-8219. Include a high-res digital color property photo or head shot if available. Advertisers' Index Berkadia......................................3 CCIM Deal Making Session ....... 17 CCIM Education ........................25 CCIM Live! 2013.................. 10–11 CCIM Membership ............ cover 2 CCIMTech .................................21 Century 21 ..................................5 Coldwell Banker Commercial.....13 Community Caring in Motion .....15 Prudential Commercial Real Estate ...............................7 ReadyCap Commercial ................9 Re/Max International ......... cover 4 STDB................................. cover 3 Ward Center for Real Estate Studies ...................................19 Looking for more information on a product or service? Visit our advertiser Web links on CIRE magazine's Web site at CCIM.com/cire. For advertising information, contact: Rich Rosfelder at (312) 321-4507 or rrosfelder@ccim.com. July | August | 2013 47