Commercial Investment Real Estate

MAY-JUN 2015

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 | 2015 CCIM.com Specialty Big Deal ³ Kevin Verhoven, CCIM, of The Gibson Company Commercial Real Estate in Lexington, Ky., represented the seller in the more than $3.9 million sale of a 152,460-sf former Range Rover/Jaguar dealership in Lexington. Steve Pulliam, CCIM, of Sperry Van Ness in Lexington represented the buyer, the Lexington Public Library. bury at Arlington to North Arlington LLC. Joe W. Edge, CCIM, of Sherman & Hemstreet Real Estate Co. in Augusta, Ga., represented Lawrence Prop- erty Group in the $10 million sale of a 1,100-unit mobile home portfolio in Montgom- ery, Ala., and Mobile, Ala., to Otra Vez LLC. ³ Federico Rochwerger, CCIM, of Keyes Commercial in Boca Raton, Fla., represented an undis- closed buyer in the more than $7.6 million purchase of the 192-unit Outrigger Village Apartments in Kissimmee, Fla., from an undisclosed seller. ³ Jeff Koon, CCIM, of Stratus Property Group LLC in Atlanta represented Greenleaf Investment Partners L022 LLC in the more than $5.3 million purchase of the 223-unit Brentwood, Nor- wood, and Versailles apart- ments in Gainesville, Ga. Stephen H. Jones, CCIM, of SHJ Equities in Woodstock, Ga., represented the seller, Grelove LLC. 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 Bay Area-based buyer. Gary Kaufman, CCIM, of South Coast Commercial in San Diego represented Advertisers' Index CCIM Connect .................................... 19 CCIM DealShare ................................ .17 CCIM Education ................................... 9 CCIM Foundation.......... ...................... 11 CCIM Membership......................... ...... 31 CCIM President's Cup......... .................13 CCIM Thrive............... ...... ............cover 4 Century 21........ ............... ......................5 CIRE Bulk Subscriptions. .....................15 City of Tucson..... ......................... .........7 McGladrey............... .....................cover 2 NAI Global........ .....................................3 Quarterly Market Trends Report.. cover 3 Ultimate Group Sponsor Workshop. ..25 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. Two Florida CCIMs formed a team in the $2.7 million sale of a retail strip center in Tampa, Fla. Ron Struthers, CCIM, of Coldwell Banker Commercial NRT in Punta Gorda, Fla., represented the buyer, and worked alongside Maryann Mize, CCIM, of Charlotte State Bank & Trust in Port Charlotte, Fla., and a partner. As a result, Mize closed a $1.9 million loan. "T e CCIM connec- tion Ron and I share made this transac- tion possible," Mize says. "We routinely use the knowledge base of the CCIM core curriculum, powerful technology tools, and networking programs in our business." Currently, Mize and Struthers are of cers in the Southwest Florida Dis- trict CCIM Chapter. Mize serves as CCIM senior instructor who also chairs the Institute's Ward Center for Real Estate Studies Subcommittee and is a member of the Marketing Committee. "T e CCIM experience means so much to me and my career," she added. Struthers concurs and says, "T e training I received in market assessment, decision-making, and investment analysis has proven invaluable, as have all of the connections I have made through CCIM." CCIM ROI Westview Mission Ave. LP in the more than $3.9 million sale of a 23-unit multifamily property in Escondido, Calif., to a private investor. ³ John Wessling, CCIM, and William Overman, CCIM, of S.L. Nusbaum Realty Co. in Norfolk, Va., represented Olde Jamestowne Apartments LP in the $3 million sale of the 54-unit Olde Jamestowne Apartments in Williamsburg, Va., to Olde Jamestowne Apartments LLC. ³ Neil H. Warshafsky, CCIM, of Royal LePage Real Estate Services in Toronto represented 2335487 Ontario in the more than $3.7 million sale of the 15,336-sf El Mocambo music venue in Toronto to Michael Wekerle. Hospitality ³ Brandt Niehaus, CCIM, of Huf , Niehaus & Associates in Louisville, Ky., represented Tander Properties LLC in the $3.7 million sale of the 49,248-sf Country Inn & Suites in London, Ky., to Longman Properties II LLC.

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