Commercial Investment Real Estate

JUL-AUG 2017

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.

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CCIM.COM July | August 2017 47 29 Jordan Rieffenberger, CCIM, of Lloyd Companies in Sioux Falls, S.D., rep- resented Cumberland North LLC in the $4.9 million sale of the 54-unit Benson Vil- lage Townhomes located at 3760 N. 4th Ave. in Sioux Falls to an undisclosed buyer. 30 Matson Holbrook, CCIM, of MBH Investment Real Estate LLC in Milwaukee represented Doneff Asset Company LLC in the $3.4 million sale of the 94-unit Mead- owbrook Apartments in Manitowoc, Wis., to TW Meadowbrook LLC and CD Mead- owbrook LLC. Land 31 BIGDEAL Frank Pipgras, CCIM, of Frank Pipgras Real Estate Services in Sebastopol, Calif., represented Lytton Rancheria of California in the $30 million purchase of 568 acres of land in Sonoma County, Calif., from the Salvation Army. 32 Glenn Dulaine, CCIM, of Realty Executives of Nevada in Las Vegas rep- resented Spring Mountain Procyon LLC, KCSL LLC, and FLSC LLC in the $11.5 million purchase of 8 acres of land at the southwest corner of Spring Mountain Road and Polaris Avenue in Las Vegas from RJP LV I LLC. 33 Ryan Myers, CCIM, of LMS Commer- cial Real Estate in York, Pa., and a partner represented Conewago North Ridge Part- ners in the more than $5.8 million sale of 13.51 acres of land at Gateway Hanover Shopping Center in Hanover, Pa., to Sam's Real Estate Business Trust. 34 Jeff Cusson, CCIM, of Coldwell Banker Commercial Saunders Real Estate in Vero Beach, Fla., negotiated the $3.23 million sale of 600 acres of land in Vero Beach from Tree-O-Groves to Florida Power and Light. Hospitality 35 BIGDEAL Brandt Niehaus, CCIM, of Huff, Niehaus & Associates in Louisville, Ky., represented Indy Northwest Hotel Partnership LP in the $6 million sale of the 121-unit Holiday Inn Express Indy NW-Park 100 in Indianapolis to Park Property Invest- ments LLC. Submit transactions to dealmakers@ccim.com. Include a digital color head shot. Send a CIRE Gift Subscription Member rate is $25 U.S., $35 International To order, call (800) 621-7027, ext. 4478. Brad Bonkowski, CCIM, and Andie Wilson, CCIM, owners and brokers of NAI Alliance in Carson City, Nev., have worked together to be a successful team and have served as mentors to help mold leaders in the commercial real estate industry. Melissa Molyneaux, CCIM, of Colliers International in Reno, Nev., understands fi rsthand the importance of being supported by a mentor in the industry. After meeting and working together through Commercial Real Estate Women's Network, Bonkowski and Wilson helped persuade Molyneaux to pursue her CCIM designation. "I reached out to Melissa very early on and encouraged her to step up and be in the spotlight more," Wilson says. "It's easy for a woman to get comfortable at a desk in a back room and not really push for the top." Molyneaux followed through on the advice and obtained her designation in 2009. "One of the reasons I got a CCIM designation was because I am a woman in the industry," she says. "I think because I started so early, at the age of 22, I was not taken very seriously. People assumed I was someone's assistant. I wanted to become an expert, so I worked hard to get my CCIM designation." Recently Molyneaux represented Isbell Partners LLC in the $4.25 million sale of the 38,456-sf offi ce property located at 639 Isbell Road in Reno to an undisclosed trust represented by Bonkowski and Wilson. Although it may not have been the CCIM designation that opened the door for this deal, their relationship was the foundation for the three brokers to successfully complete this transaction. "We really make a point of trying to mentor individuals to continue their education and be involved, and not just get their deals done and go home," Bonkowski says. "We encourage those new to the profession to go make a difference, put your face out there and be a leader — because you have to pull up the next leaders behind you." Index of Advertisers CCIM Annual Governance Meeting ...................17 CCIM Chapters Giving CIRE Magazine .............21 CCIM Course Schedule ......................................9 CCIM Designation Benefi ts ...............................13 CCIM Designation Promotion.................... cover 4 CCIM Designee Discounted Ads .......................19 CCIM Development Specialty Track ....................5 CCIM Foundation .............................................15 CCIM Industry Partners ......................................4 CCIM Institute Global Conference, Toronto 2017 ............................................ cover 2 CCIM Instructor Spotlight ...........................40–41 CIRE Magazine Gift Subscription ......................47 Partner with CCIM ............................................11 RE/MAX Commercial ................................ cover 3 SIOR ................................................................29 Ten-X ..................................................................3 Looking for more information on a product or service? Visit our advertiser web links on CIRE magazine's website at www.ccim.com/cire. For advertising information, contact Dan Burke at (732) 241- 6720 or dan@burkemediagroup.com. d d CIR E G i f E CCIM ROI

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