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
47 July | August | 2015 CCIM.com General Con tractors. Kipp Gstettenbauer, CCIM, of Voit Real Estate Ser- vices in San Diego negotiated the 20-year, more than $3.7 million lease of a 17,685-sf lot in San Diego from Sunshine Finance to Washman LLC. Specialty Big Deal Mike Garbers, CCIM, of Greystone Real Estate Advisors in Orlando, Fla., negotiated the more than $16.5 million sale of the 86-unit Alta Manor Assisted Living and Memory Care Facility in Roseville, Calif., from an independent owner to DiNapoli Capital Partners. Paul Grisanti, CCIM, of $7 million sale of the 59,000- sf ReCommunity Recycling Center in Tucson from Olyver Land LLC to a joint ven- ture of three Alaska-based partnerships. Land Big Deal ³ Rob Glaser, CCIM, of Cushman & Wakefi eld | Picor in Tucson, Ariz., represented two of fi ve sellers in the more than $9.5 million sale of 108 acres of land in Tucson to TJX Cos. for the construction of a HomeGoods Regional Distribution Center. ³ Alan Bolduc, CCIM, Christo- pher B. Fraser, CCIM, and Todd P. Garrett, CCIM, of Avison Young in Mount Pleasant, S.C., represented the Charleston Area Regional Transport Authority in the $6.5 million sale of 36 acres of land in North Charleston, S.C., to Rushmark Properties LLC. ³ William C. Overman, CCIM, and John Wessling, CCIM, of SL Nusbaum Realty Co. in Norfolk, Va., represented T e Franklin Johnston Group in the $7.2 million purchase of 7.2 acres of land in Staf ord County, Va., from Ramco Virginia Properties. Advertisers' Index CCIM Career Center .......................... 17 CCIM Connect ...................................19 CCIM DealShare ..................................3 CCIM Education ................................25 CCIM Foundation .............................. 11 CCIM Thrive .............................. cover 2 CIRE Bulk Subscriptions ....................15 Community Caring in Motion .............13 Find a CCIM ........................................9 McGladrey ................................. cover 4 Quarterly Market Trends Report .................................... cover 3 SIOR.................................................. 31 Ultimate Group Sponsor Workshop .....5 Ward Center for Real Estate Studies ..21 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. Reid Bennett, CCIM, of Sperry Van Ness in Chicago, teamed with David E. Gilmore, CCIM, of Sperry Van Ness/ Gilmore Auction in Kenner, La., and four partners to represent the bank- ruptcy estate of Billy Jef erson in the more than $37.3 million sale of the 440- unit River City Renaissance Apartments in Richmond, Va., to T e Davis Cos. "We needed a robust team in order to win the business for one of the most historic and highly publicized apartment portfolios in the Richmond Fan District," says Bennett. "Sperry Van Ness is known for its collaborative ef orts, and adding the CCIM designation behind two of the members brought additional credibility to the machine." T e properties are situated among one of the largest intact 19th and early 20th century neighborhoods in the county and consist of 29 apartment buildings spanning two zip codes. "In order to underwrite 29 scattered site assets, CCIM fundamentals were used as a signif cant base to arrive at present values aligned with today's frothy multifamily market," adds Bennett. CCIM ROI ³ Sandy Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba, represented an undisclosed buyer in the more than $5.7 million purchase of 120 acres of mixed-use land in Winnipeg from an undis- closed seller. ³ Craig D. Timmins , CCIM, of Investment Properties Corp. in Naples, Fla., negoti- ated the more than $3.7 million sale of 19 acres of land in Bradenton, Fla., from Power Holding Corp. and VFC Properties 3 LLC to Cameron Grisanti Group Commercial Real Estate in Louisville, Ky., and a partner represented an undisclosed seller in the more than $10.1 million sale of the 776-unit Storage Solutions self-storage facility in Louis- ville to W.P. Carey. ³ Ian Black, CCIM, and Steve Horn, CCIM, of Ian Black Real Estate in Sarasota, Fla., negotiated the more than $6.6 million sale of a 33,003-sf charter school in Lakewood Ranch, Fla., from LRCMPB7-10 to Hemisphere Lakewood Ranch LLC.