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/536709
46 July | August | 2015 Commercial Investment Real Estate Commerce in Boise, Idaho, represented P. Chimento Properties LLC as a consultant in the $18.7 million debt equity restructuring of a 97,973-sf industrial building in Denver. ³ Russ Martin, CCIM, of Relyance Bank in Little Rock, Ark., arranged the $6.8 million financing of two class A, multi-tenant industrial facilities totaling 123,144 sf in Little Rock for CG Corporate LLC. Martin also arranged the $5.5 million financing of the 126-unit Cantrell Heights apartment complex in Little Rock for Cantrell Heights LLC. Multifamily Big Deal ³ Paul O. Hegg, CCIM, and Peter P. Hegg, CCIM, of Hegg Cos. in Sioux Falls, S.D., represented Bakken Select Fund I LLC in the $27 million sale of the Auburn Ridge Apartments in Watford City, N.D., to Auburn Ridge Associ- ates LLC. Reid A. Bennett, CCIM, of Sperry Van Ness — Chi- cago Commercial in Chicago negotiated the more than $8.1 million sale of the 110-unit Rock River Tower in Rock- ford, Ill., from Main Partners LLC to River Tower LLC. Gary Kaufman, CCIM, of South Coast Commercial in San Diego represented Urban Housing Communities in the ³ Cathy A. Jones, CCIM, of Sun Com- mercial Real Estate in Las Vegas and four partners represented Decatur Crossing LLC in the more than $7.1 million sale of a 24,132-sf retail center in Las Vegas to Jef ery Sills. ³ Frank Vora, CCIM, of Progressive Real Estate Partners in Rancho Cucamonga, Calif., negotiated the more than $6.8 million sale of an 11,700-sf retail property in Rancho Cucamonga from a private partnership to a private investor. ³ Michael Milano, CCIM, of Colliers International in Tampa, Fla., and a partner represented One Bayshore LLC in the $6.3 million sale of the 51,740-sf Oakhurst Plaza in Seminole, Fla., to Phillips Edison Grocery Center Reit II. ³ Kipp Gstetten- bauer, CCIM, of Voit Real Estate Services in San Diego and a partner negotiated the $4.6 million sale of a 9,157-sf retail portfolio in San Diego from Garnet Avenue LP to Dayani Partners. Kent Mommsen, CCIM, of Cushman & Wakef eld Com- merce in Boise, Idaho, repre- sented P. Chimento Properties LLC as a consultant in the $4.5 million purchase of a 21,930-sf retail property in Lake Havasu, Ariz., from Havasu Develop- ment Group LLC. Sandy Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba, rep- resented his company in the more than $3.1 million lease of a 10,495-sf retail property in Winnipeg from Dollarama. ³ David J. Stevens, CCIM, of Investment Properties Corp. in Naples, Fla., and a partner represented North Trail Holdings LLC in the more than $3 million purchase of the 10,735-sf former Edwin Watts Golf Superstore in Naples from RW Management Ltd. Industrial Big Deal ³ Darrell Okada, CCIM, of NAI Puget Sound Proper- ties in Bellevue, Wash., and a partner repre- sented UniEnergy Properties LLC in the $7.1 million sale of a 60,426-sf industrial facility in Mukilteo, Wash., to a regional investment group. Lane A. Holbert, CCIM, of Cushman & Wakef eld | T alhimer in Charlotte, N.C., and two partners represented Deere & Co. in the $4.1 mil- lion sale of the 116,500-sf former John Deere building in Charlotte to SilverCap Partners LC. Financing Big Deal ³ Kent Mommsen, CCIM, of Cushman & Wakefi eld $6.6 million purchase of a 44-unit multifamily property in Escondido, Calif., from the King family. ³ Todd Clarke, CCIM, of NM Apartment Advisors in Albuquerque, N.M., negotiated the more than $4.3 million sale of the 80-unit Virginian Apartments in Albuquerque from ROG LLC to a San Francisco-based buyer. Mixed-Use Big Deal ³ Hamid Ghaem- maghami, CCIM, of the city of Palo Alto in Palo Alto, Calif., represented the city in the 5-year, $27.2 million lease of 94,402 sf of space at the Cubberley Community Center in Palo Alto from Palo Alto Unifi ed School District. James Kinsey, CCIM, of Kinsey Capital in New York and a partner negotiated the more than $9.7 million deal of a 6,500-sf mixed- use property in New York from an undisclosed seller to an af liate of Icon Realty Management. Ronald Ross, CCIM, and James Lyons, CCIM, of Compass Commercial Real Estate Services in Bend, Ore., and two partners represented a San Francisco-based invest- ment group in the $8 million sale of a 50,000-sf mixed-use property in Bend to Ascend Holdings. David Blanchette, CCIM, of CBRE in Tucson, Ariz., and a partner negotiated the DE AL M A K E RS