Commercial Investment Real Estate

MAR-APR 2016

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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46 March | April | 2016 Commercial Investment Real Estate Multifamily Big Deal ³ Barbara Lloyd, CCIM, of NAI Horizon in Phoenix and two partners represented Rancho Hayden LLC in the $9.6 million purchase of the 38-unit Villa Contento townhome community in Scottsdale, Ariz. The purchase was part of a 1031 exchange facilitated by the sale of a 61,319-sf mixed-use property in Scottsdale. ³ Thomas McConnell, CCIM, of Redwood Realty Advisors in Hasbrouck Heights, N.J., and three partners negotiated the more than $6.7 million sale of a 48-unit multifamily property in Bogota, N.J., from Landmark Development Co. to Real Estate Growth Advisors. ³ Jon S. England, CCIM, of Lee & Associates in Overland Park, Kan., represented an undis- closed seller in the more than $5.3 million sale of the 216-unit Woodland Hills apartments in Kansas City, Kan., to a privately held investment company. ³ Davide F. Pio, CCIM, of BCRE in Pinole, Calif., repre- sented an LLC in the more than $4.2 million purchase of a 15-unit apart- ment building in Berkeley, Calif., from a private seller. Offi ce Big Deal ³ Adam Greenberg, CCIM, of Newmark Grubb Knight Frank in Miami and two partners represented JW Advance LLC in the $40 million sale of the 100,798-sf Advance Tower in Miami to USAA Real Estate Company. ³ Jason Kruse, CCIM, of T e Colorado Group in Boulder, Colo., represented an undisclosed buyer in the $8.1 million purchase of a 17,000-sf of ce building in Boulder to an undisclosed seller. ³ Cathy Jones, CCIM, of Sun Com- mercial Real Estate in Las Vegas and four partners represented Howe Family LP in the $7.6 million purchase of a 14,000-sf medical of ce building in Tucson, Ariz., from an undisclosed seller. Reid Davis, CCIM, of Lee & Associates in Charleston, S.C., represented UIG First Properties LLC in the more than $6.8 million sale of a 42,500-sf of ce building in North Charleston, S.C., from an undisclosed seller. ³ Mark Douglas, CCIM, of Cushman & Wakef eld | T alhimer in Glen Allen, Va., and a partner represented an undisclosed seller in the more than $6.7 million sale of the 74,772-sf Arboretum IX of ce building in Richmond, Va., to Dominion Realty Partners. J.M. Padron, CCIM, of Re/ Max Commercial Associates in Weston, Fla., represented Gardens 5901 Real Estate Corp. in the $4.9 million purchase of a 57,000-sf of ce building in Hialeah, Fla., from Miami Gardens VB Holdings. ³ Sandy Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba, represented an undisclosed seller in the $4.5 million sale of a 27,286-sf of ce property in Winnipeg to Madjax Holdings. Industrial Big Deal ³ Jon Reno, CCIM, of Heger Industrial in Los Angeles and a partner negotiated the $18.2 million sale of a 125,000-sf industrial property in Santa Fe Springs, Calif., from Mia's Fashion to Industrial Property Trust. ³ Beau Braunger, CCIM, of United Com- mercial in Sioux City, Iowa, negotiated the $14 million sale of a 444,706-sf industrial complex in Sioux City from ILP I LLC to NorAm Holdings LLC. Jarrad Katz, CCIM, of MDL Group in Las Vegas and a partner represented Essex Scot LLC in the more than $3.9 million purchase of a 64,700-sf industrial building in Las Vegas from an undis- closed seller. Specialty ³ Drew Bobincheck, CCIM, of Landmark Commercial Realty in Lemoyne, Pa., negotiated the $15.2 million sale of the 460-unit Bard Townhouses student housing community in Shippensburg, Pa. T e property sold as a 1031 exchange property from SF III Shippensburg LLC to an undisclosed buyer. Financing Big Deal ³ Shahid K. Abdulla, CCIM, of PlainsCapital Bank San Antonio arranged the $14 million refi nancing of a 103-room premium fl ag hotel in San Antonio for a Texas- based Limited Partnership. ³ Kenneth Fox, CCIM, of Cohen Finan- cial in San Francisco arranged the $11 million ref nancing of the 108,700-sf Village Oaks Shopping Center in Martinez, Calif., for a local investor. ³ David L. Church, CCIM, of US Realty Capital LLC in Conshohocken, Pa., arranged the $4.3 million ref nancing of an 18,000-sf of ce property in Radnor, Pa., for an undisclosed borrower. DE AL M A K E RS

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