Commercial Investment Real Estate

JAN-FEB 2015

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/443516

Contents of this Issue

Navigation

Page 51 of 55

47 January | February | 2015 CCIM.com Melbourne, Fla., and a partner represented Apollo Storage LLC in the more than $9.2 million sale of the 964-unit Apollo Storage facility in Melbourne, Fla., to StoreSmart Holdings LLC. Ryan J. Johnson, CCIM, of Johnson Group in Reno, Nev., represented Nevada ENT in the more than $4.4 million sale of the 9,800-sf Nevada ENT medical facility in Reno to an undisclosed buyer. John- son also represented National Sierra in the $3.3 million purchase of the 13,000-sf Lithia Motors auto dealership in Reno from Lithia Motors. opment site in Marysville, Wash., from Fintz Estate to Firerock LLC. Hospitality Big Deal ³ H. Brandt Niehaus, CCIM, of Huff Niehaus & Associates in Louisville, Ky., represented C&L; Hospitality LLC in the more than $36.7 million sale of a 583-room, fi ve extended-stay hotel portfolio in Kentucky and Indiana to a Chicago-based investment fi rm. ³ George Brown, CCIM, of Wood Properties in Knoxville, Tenn., and a partner repre- sented 5 Torrey Hills LLC in the more than $3.6 million sale of the 135,000-sf former Farragut Hotel in Knoxville to Family Pride Corp. Financing Big Deal ³ Blake Lacy, CCIM, of Broadway Bank in San Antonio arranged the $29.1 million construction loan for a 147,000-sf class A offi ce property in San Antonio for an undisclosed borrower. ³ Paul B. Natalizio, CCIM, of Cornerstone Realty Capital in Lexington, Mass., arranged the $2.5 million f nancing of an 8-unit multifamily portfolio in Boston for Leovofs LLC. Advertisers' Index CCIM Capitol Hill Visit ................. 34 CCIM Connect ............................ 19 CCIM DealShare ..........................17 CCIM Education .................. cover 4 CCIM Foundation ........................11 CCIM Membership .............. cover 2 CCIM New Designees .............. ..8-9 CCIM Online Courses ................. 13 CCIM Spring Business Meetings ...................................15 Century 21 .....................................3 CIRE Bulk Subscriptions ............. 21 Realty Mogul ................................ 5 RERC ..........................................41 STDB................................... cover 3 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: Scott Rickles at (770) 664-4567 or srickles@aol.com. Submit transactions to dealmakers@ccim. com or fax to (312) 321-4483. Include a digital color head shot if available. Never underestimate the power of CCIMs in numbers. Jason Fountain, CCIM, of Waldvogel Commercial Prop- erties in Roanoke, Va., worked alongside two fellow CCIMs in closing the $7.2 million sale of the 174-unit Northbridge Apartment Village in Roanoke, Va. "Working on a transaction with other CCIMs instills a level of conf dence when you meet obstacles along the way," says Fountain. He and a partner represented Deal Properties: Northridge Apartments LLC in its purchase. Matthew R. Huf , CCIM, and Dennis R. Cronk, CCIM, of Poe & Cronk Real Estate Group in Roanoke represented the seller, North- ridge Village LLC. It's the shared CCIM training that sparked the deal making chemistry that helped to close this big deal. "Because the CCIM education includes such a comprehensive model for analyzing invest- ment real estate and CCIM practitioners are encouraged to be masters of markets in which they operate, we were able to meet clients' expectations on both sides of the transaction and quickly arrive at an agreeable price and terms in a highly competitive situation," says Fountain. CCIM ROI Specialty Big Deal ³ Jecoah E. Byrnes, CCIM, of Embree Healthcare Group in Irvine, Calif., negotiated the 10-year, $25.9 million sale-leaseback of a 115-room senior housing portfolio in Fort Worth, Texas, and Arlington, Texas, from Avalon Memory Care to Sabra Healthcare REIT. ³ Adam Rathbun, CCIM, of SouthTrend Realty in Multifamily Big Deal ³ Joanne M. Stevens, CCIM, of NAI Iowa Realty Commer- cial in Cedar Rapids, Iowa, negotiated the $7.6 million sale of the 335-unit South View Estates mobile home park in Waterloo, Iowa, from South View Associates LLC to South View MHP LLC. ³ Davide Pio, CCIM, of BCRE in Pinole, Calif., represented a private buyer in the more than $2.3 million purchase of a 6-unit condo- minium property in Oakland, Calif., from a private seller.

Articles in this issue

Links on this page

Archives of this issue

view archives of Commercial Investment Real Estate - JAN-FEB 2015