Commercial Investment Real Estate

MAY-JUN 2014

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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47 May | June | 2014 CCIM.com Hospitality ´ Daren W. Hebold, CCIM, of Lux Realty Group in Port- land, Maine, represented Geof rey Blake in the $4.3 million sale of the 30-room Marginal Way House in Ogunquit, Maine, to an undisclosed buyer. Specialty ´ Joanne M. Stevens, CCIM, of NAI Iowa Realty Commercial in Cedar Rapids, Iowa, negoti- ated the $3 million package sale of the 158-unit Bluf view Estates mobile home park in North Freedom, Wis., and a 24-unit multifamily property in Marinette, Wis., from John Scharlau to April Youngs. in Toronto, Ontario, negoti- ated a $9.3 million, 15,286-sf land assembly sale in Toronto from private sellers to T e Harlow. T. Sean Lance, CCIM, of NAI Tampa Bay in Semi- nole, Fla., negotiated the $5 million sale of a 3.4-acre apartment development site in Tampa, Fla., from an Atlanta-based development and investment company to a joint venture between Framework Group LLC and Northwood-Ravin. Hubert King, CCIM, of Treeline Realty & Investment in Los Angeles and a partner negotiated the more than $3.3 million sale of 1.6 acres of land from ABIA LLC to a local investor. ³ David Fritz, CCIM, of NAI KLNB LLC in Ellicott City, Md., and a partner represented Cinder & Concrete Block Corp., in the $2 million sale of 8 acres of land in Jessup, Md., to TRI M Properties LLC. Financing Big Deal ³ Lawrence Harwood, CCIM, of Q10/ Lutz Financial Services in Birmingham, Mich., arranged the more than $33.7 million fi nancing of an 814-unit mul- tifamily portfolio in southeast Michigan for an undisclosed borrower. Joshua Davis, CCIM, of Grandbridge Real Estate Capital in Charlotte, N.C., and a partner arranged the Advertisers' Index CCIM Education ................ cover 2 CCIM National Virtual Deal Making ........................... 17 CCIM President's Cup ...............19 CCIM Tech ................................21 Century 21 ..................................5 CIRE Bulk Subscriptions ............15 Community Caring in Motion .....13 Find a CCIM ...................... cover 4 Prudential Commercial Real Estate ...............................3 Regulation D Resources ..............9 Reis ........................................... 31 STDB................................. cover 3 Walmart Realty ............................7 Ward Center for Real Estate Studies ................ 11 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 Deal Makers, CIRE , 430 N. Michigan Ave., Chicago, IL 60611; e-mail to dealmakers@ccim.com; or fax to (312) 373-8219. Include a high-res digital color property photo or head shot if available. "T e CCIM workbook and calculators were essential for providing the buyer and the buyer's lender a clear depiction of fore- casted rents for this property," says Mark H. Mizell, CCIM, of Sadler Group in Charleston, S.C. Mizell represented NCGS in the more than $3.7 million purchase of 17,200 sf of of ce space in historic downtown Charleston. "A redevelopment transaction of this size coupled with the historic nature of the building is always complicated," adds Mizell. Luckily, having Reid Davis, CCIM, of Lee & Associates in Charleston on the other end of the table representing 26 & 28 Broad St., LLC, kept things running smooth. "Working with a fellow CCIM was very helpful," says Mizell. "T is paved the way for clear communication between both parties to ulti- mately close the deal." CCIM ROI $33.3 million f nancing for a 325-unit multifamily property in Mount Pleasant, S.C., for the Boulevard Apartments. Multifamily Big Deal ³ T. Sean Lance, CCIM, of NAI Tampa Bay in Seminole, Fla., and a partner negotiated the $11 million sale of the 368-unit Mariners Pointe Apartments in St. Petersburg, Fla., from a Texas-based fund to a Georgia-based investment group. ´ Reid A. Bennett, CCIM, of Sperry Van Ness in Chicago negotiated the more than $2.8 million sale of a 118-unit student housing/ multifamily property in South Bend, Ind., from 424 Francis LLC to Eddy Street Townhomes. Mixed-Use Big Deal ´ Kevin D. Chin, CCIM, of Sperry Van Ness in San Francisco represented The Arseny and Olga Kovshar Private Charitable Foundation in the more than $8.4 million sale of a 27,257-sf retail/offi ce property in San Francisco to Yue Yue LLC. ´ Carole C. Tam, CCIM, of Coldwell Banker Commercial in Arcadia, Calif., represented an undisclosed seller in the $3.8 million sale of a 51,563-sf mixed-use prop- erty in Temple City, Calif., to an undisclosed buyer. 4 4 - 4 7 D - I n t e r n a t B e a t - D e a l . i n d d 4 7 44-47 D-Internat Beat-Deal.indd 47 4 / 2 9 / 1 4 3 : 1 3 P M 4/29/14 3:13 PM

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