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/475894
47 March | April | 2015 CCIM.com self-storage facility in Toledo to BF Self Storage. Multifamily Big Deal ³ John Preiss, CCIM, of The Preiss Co., in Raleigh, N.C., represented Orion LLC in the $29.2 million purchase of the 156-unit Orion on Orpington in Orlando, Fla., from an undisclosed seller. Michael Fowler, CCIM, James Davis, CCIM, and Rick Baker, CCIM, of Brown Investment Properties in Greensboro, N.C., represented Madison Woods Apartments LLC in the $7 million sale of the 180-unit Madison Woods Apartments in Greensboro to Madison Greensboro LLC. ³ Kent Taylor, CCIM, of Taylor Commercial Real Estate in Austin, Texas, represented VJ 1700 Invest- ments LLC and Gerald Henke in the more than $8.2 million sale of 4.4 acres of redevelop- ment land in Austin to Flournoy Development Co. ³ William H. Rollins, CCIM, of Land Solutions in Fort Myers, Fla., and a partner represented University Highlands LP in the more than $6.6 million sale of 18 acres of land in Estero, Fla., to Continental Properties. ³ James Wittman, CCIM, of Regency Properties in Evansville, Ind., represented the seller in the $4.5 million sale of 11.5 acres of land in Terre Haute, Ind., to Vista Cos. Specialty Big Deal ³ Camille Renshaw, CCIM, of Stan Johnson Co., in New York and a partner represented a New Jersey medical developer in the $19.1 million sale of a 37,660-sf medical property in Vineland, N.J., to Lexington Realty Trust. ³ Scott M. Schmitt, CCIM, of Coldwell Banker Commercial Orion in Waite Park, Minn., represented an Advertisers' Index CCIM at ICSC RECon ...................5 CCIM Capitol Hill Visit ..................7 CCIM Connect ...........................19 CCIM DealShare ........................ 17 CCIM Education. .........................9 CCIM Foundation ...................... 11 CCIM Membership ............ cover 2 CCIM Tech ................................15 CCIM Thrive ...................... cover 4 CIRE Bulk Subscriptions ............21 SIOR.......................................... 31 STDB................................. cover 3 Ultimate Group Sponsor Workshop ..............................13 Ward Center for Real Estate Studies .........................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. "Instant credibility" is what the CCIM designation signif es says James Resha, CCIM, of Sperry Commer- cial in Irvine, Calif. Resha credits his designation as a door-opener when he approached John Hsu, CCIM, of STC Management in Whittier, Calif., about an of -market 78,956-sf retail and of ce property owned by Hsu's client in City of Industry, Calif. "Armed with the knowledge of commercial invest- ment and the experience to back it up, Jim and I were able to easily handle the negotiation swif ly," Hsu says. Resha represented Cooper Property Investors LLC in the $43 million purchase. Hsu, along with Dalerie Wu, CCIM, of STC Management, represented the seller, America West Investments. "T is was a large and complicated transaction, but because there was mutual respect for the designation, it went extremely smooth," adds Resha. CCIM ROI undisclosed seller in the more than $9.1 million sale of two Fitness Evolution centers totaling 80,000 sf in St. Cloud, and Sartell, Minn., to a real estate investment trust. ³ Curtis A. Skomp, CCIM, of Re/Max Commercial Keys Connection in Key West, Fla., negotiated the more than $3.5 million sale of the 6-acre Hurricane Hole Marina & Complex in Key West from an undisclosed seller to a private buyer. ³ Joseph Belinske, CCIM, of Reichle Klein Group in Toledo, Ohio, represented Around Town Storage in the $3.4 million sale of a 695-unit Hospitality 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 Beth Harrelson, CCIM, of Q10 Professional Mortgage of North Carolina in Raleigh, N.C., arranged the $11.5 mil- lion f nancing of a 115,000-sf multi-tenant class A of ce property in Charlotte, N.C., for an undisclosed borrower.