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/164181
DE AL MAKERS The Biggest Deal Paul B. Natalizio, CCIM, of Cornerstone Realty Capital in Stoneham, Mass., arranged the $29 million fnancing of a 100-unit multifamily property in Boston for the Mount Vernon Co. Multifamily Big Deal ´Robert G. Lowe, CCIM, of Sherwood Realty Group in Brantford, Ontario, negotiated the $17 million sale of a 146-unit multifamily portfolio in Brampton, Ontario, from the original developer to a local investor. ³John Gallagher, CCIM, of TRI Commercial/Corfac International in Rocklin, Calif., negotiated the more than $15.3 million sale of the 156unit Austin Creek Apartments in Vallejo, Calif., from Austin Creek Apartments LP to DE Village Austin Creek LLC. ³Todd D. Clarke, CCIM, of NM Apartment Advisors in Albuquerque, N.M., represented an undisclosed seller in the $12 million sale of a 248-unit multifamily portfolio in Albuquerque to an undisclosed buyer. Julie L. Lux, CCIM, and James M. McCaffrey, CCIM, of Cassidy Turley in Minneapolis represented Dominium in the $11 million sale of the 175-unit Oakdale 46 September | October | 2013 Village Apartments in Oakdale, Minn., to a local private equity buyer. ´Thomas McConnell, CCIM, of Marcus & Millichap in Elmwood Park, N.J., and a partner negotiated the more than $7 million sale of the 56-unit Martha Washington Apartments in Clifon, N.J., from Martha Washington LLC to Rega Clifon LLC. closed lessor to Leisure Arts. Kenneth A. Shebib, CCIM, of Colliers International in Edmonton, Alberta, negotiated the more than $3.3 million sale of a 6,000sf Kuusamo Developments property in Fort McMurray, Alberta, from Kuusamo Developments to Alberta Industrial Sheet Metal. Hospitality ³Chandler Brewer, CCIM, ¶Edward M. Penick Jr., CCIM, of Coldwell Banker Commercial Hathaway in Little Rock, Ark., represented Albert Pike Residential Hotel Ltd. in the $3.9 million sale of a 135-unit multifamily property in Little Rock to Summit Albert Pike LP. of Brewer Brokerage Co. in Asheville, N.C., negotiated the $7.7 million sale of a 109-room Hampton Inn in Hendersonville, N.C., from an undisclosed seller to an undisclosed buyer. Industrial Big Deal Big Deal ´A. Scott Henry, CCIM, of Mohr Capital in Dallas negotiated the 10-year, $6 million lease of a 205,000-sf industrial property in Little Rock, Ark., from an undis- Retail ´Kevin D. Chin, CCIM, of Sperry Van Ness in San Francisco represented Columbus Avenue II in the $17.7 million purchase of a 68,525-sf 24 Hour Fitness Super-Sport in Livermore, Calif., from an undisclosed seller. Alex Zylberglait, CCIM, of Marcus & Millichap in Miami and two partners negotiated the more than $17.3 million sale of a 20,393-sf net-leased Staples property in Miami from 2121 Biscayne Blvd. LLC to an undisclosed buyer. Zylberglait and two partners also represented a private investment group in the more than $11.7 million sale of the 75,592-sf Essex Shopping Center in Hialeah, Fla., to a private investment group. ³T. Patrick Murray, CCIM, of Grant-Murray Real Estate LLC in Fayetteville, N.C., and ³Jay Taylor Jr., CCIM, of Sperry Van Ness in Raleigh, N.C., represented Curtis Dail in the more than $8.3 million sale of a 19,728-sf CarMax in Fayetteville to an undisclosed buyer. ´Timothy C. Macker Jr., CCIM, of Coldwell Banker Commercial Westmac in Los Angeles represented a private overseas developer in the more than $5.2 million purchase of a 22,500-sf retail property in Santa Monica, Calif., from a private seller. Office Big Deal ³Hubert King, CCIM, of Treeline Realty and Investment in Temple City, Calif., and a partner negotiated the $9.8 million sale of 50,000 sf of office space Commercial Investment Real Estate