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/700533
July | August | 2016 Commercial Investment Real Estate Brian Puryear, CCIM, of PDG Realty in Louisville, Ky., represented an undisclosed seller in the $3.3 million sale of the 117-unit Colonial Valley multifamily property in Louisville to Bridge Creek Apartments LLC. Industrial Big Deal Matthew Sullivan, CCIM, of Cite Partners in Orlando, Fla., and two partners represented Panattoni Development Corp. LLC in the $14 million sale of a 199,100-sf industrial facility in Orlando to First Industrial Realty Trust. Todd Hamilton, CCIM, of Cutler Commercial in Phoenix and a partner negotiated the more than $7.2 million sale of a 148,840-sf industrial building in Phoenix from Westco Properties of Phoenix LLC to Presson Corp. Hamilton and a partner also negotiated the more than $4.8 million sale of a 103,866-sf industrial building in Phoenix from McDowell Equities LLC to Presson Corp. A. Scott Henry, CCIM, of Dalfen America Corp. in Dallas represented his company in the more than $4.4 million purchase of a 162,400-sf bulk distribution facility in Columbus, Ohio from an undisclosed seller. Elliott M. Ross , CCIM, of RMC Ross Realty in Tampa, Fla., represented Naidip Tampa Bay LLC in the more than $11.7 million sale of 4.7 acres of land in Tampa, Fla., to Seazen Rocky Point LP. Adam Cates, CCIM, and Stokes Graves , CCIM, of Tradd Commercial in Myrtle Beach, S.C., repre- sented two private equity owners in the $10 million sale of an 8-lot oceanfront development site in Myrtle Beach to Strand Capital Group. Fred Kermani, CCIM, of CRE Consultants in Naples, Fla., represented R&H; Properties LLC in the $2.7 million sale of 10.4 acres of land in Naples to Jaz Real Estate Holding Company LLC. Hospitality Big Deal Marcus Threats, CCIM, of Marcus & Millichap in Las Vegas negotiated the $7.1 million sale of the 100-room Best Western Plus Kings Inn & Suites in Kingman, Ariz., from a private investor to AIH LLC. Jagbir Grewal, CCIM, of Ian Black Real Estate in Sarasota, Fla., and two partners negotiated the $6.5 million sale of the 99-room Inn at Midtown in Sarasota from Midho to Daus Investments LLC. Russell T. Noll, CCIM, of Transwestern in San Antonio represented an undisclosed buyer in the more than $3.9 million purchase of the 36-room Ye Kendall Inn in Boerne, Texas from Kendall Inn Hotel Partners Ltd. Multifamily Big Deal Glenn Dulaine, CCIM, of Realty Executives of Nevada in Las Vegas negotiated the $30 million sale of the 764-unit Mi Casita Apartments in Las Vegas from Pinewood Apartments LP to Mountain View Equity LLC. George Tikijian III, CCIM, and Hannah Ott, CCIM, of Tikijian Associates in Indianapolis and three partners represented e Ardizzone Group in the $5.4 million sale of the 96-unit Winchester Village Apartments in Indianapolis to Roco Real Estate. Davide Pio, CCIM, of BCRE in Pinole, Calif., represented a private investor in the more than $2.3 million purchase of a four-unit warehouse totaling 16,654 sf in Hercules, Calif., from a private seller. Financing Big Deal Frank Sciara, CCIM, of Grandbridge Real Estate Capital in Mission Hills, Kan., arranged the $56 million refinancing of a Marriott hotel and a Hilton hotel in Los Angeles for an undisclosed borrower. Sciari also arranged the $29 million construction loan for a Hilton hotel in Los Angeles for the same undisclosed borrower. Barbara Johnson, CCIM, of CB Richard Ellis in Salt Lake City and a partner represented Durham Jones & Pinegar in the 12-year, more than $25.6 million lease of 440,000 sf of office space in Salt Lake City from 111 Main LLC. David L. Church, CCIM, of U.S. Realty Capital in Conshohocken, Pa., arranged the more than $3.5 million refinancing of four industrial buildings in Hainesport, N.J., for an undisclosed borrower. DE AL M A K E RS