09/01/2013

Source: Commercial Investment Real Estate

THE BIGGEST DEAL
Paul B. Natalizio, CCIM, of Cornerstone Realty Capital in Stoneham, Mass., arranged the $29 million financing of a 100-unit multifamily property in Boston for the Mount Vernon Co.

Multifamily
Big Deal
Robert G. Lowe, CCIM, of Sherwood Realty Group in Brantford, Ontario, negotiated the $17 million sale of a 146-unit multifamily portfolio in Brampton, Ontario, from the original developer to a local investor.
John Gallagher, CCIM, of TRI Commercial/Corfac International in Rocklin, Calif., negotiated the more than $15.3 million sale of the 156-unit Austin Creek Apartments in Vallejo, Calif., from Austin Creek Apartments LP to DE Village Austin Creek LLC.
Todd D. Clarke, CCIM, of NM Apartment Advisors in Albuquerque, N.M., represented an undisclosed seller in the $12 million sale of a 248-unit multifamily portfolio in Albuquerque to an undisclosed buyer.
Julie L. Lux, CCIM, and James M. McCaffrey, CCIM, of Cassidy Turley in Minneapolis represented Dominium in the $11 million sale of the 175-unit Oakdale Village Apartments in Oakdale, Minn., to a local private equity buyer.
Thomas McConnell, CCIM, of Marcus & Millichap in Elmwood Park, N.J., and a partner negotiated the more than $7 million sale of the 56-unit Martha Washington Apartments in Clif on, N.J., from Martha Washington LLC to Rega Clif on LLC.
Edward M. Penick Jr., CCIM, of Coldwell Banker Commercial Hathaway in Little Rock, Ark., represented Albert Pike Residential Hotel Ltd. in the $3.9 million sale of a 135-unit multifamily property in Little Rock to Summit Albert Pike LP.

Industrial
Big Deal
A. Scott Henry, CCIM, of Mohr Capital in Dallas negotiated the 10-year, $6 million lease of a 205,000-sf industrial property in Little Rock, Ark., from an undisclosed lessor to Leisure Arts. Kenneth A. Shebib, CCIM, of Colliers International in Edmonton, Alberta, negotiated the more than $3.3 million sale of a 6,000- sf Kuusamo Developments property in Fort McMurray, Alberta, from Kuusamo Developments to Alberta Industrial Sheet Metal.

Hospitality
Chandler Brewer, CCIM, of Brewer Brokerage Co. in Asheville, N.C., negotiated the $7.7 million sale of a 109-room Hampton Inn in Hendersonville, N.C., from an undisclosed seller to an undisclosed buyer.

Retail
Big Deal
Kevin D. Chin, CCIM, of Sperry Van Ness in San Francisco represented Columbus Avenue II in the $17.7 million purchase of a 68,525-sf 24 Hour Fitness Super-Sport in Livermore, Calif., from an undisclosed seller.
Alex Zylberglait, CCIM, of Marcus & Millichap in Miami and two partners negotiated the more than $17.3 million sale of a 20,393-sf net-leased Staples property in Miami from 2121 Biscayne Blvd. LLC to an undisclosed buyer. Zylberglait and two partners also represented a private investment group in the more than $11.7 million sale of the 75,592-sf Essex Shopping Center in Hialeah, Fla., to a private investment group.
T. Patrick Murray, CCIM, of Grant-Murray Real Estate LLC in Fayetteville, N.C., and
Jay Taylor Jr., CCIM, of Sperry Van Ness in Raleigh, N.C., represented Curtis Dail in the more than $8.3 million sale of a 19,728-sf CarMax in Fayetteville to an undisclosed buyer.
Timothy C. Macker Jr., CCIM, of Coldwell Banker Commercial Westmac in Los Angeles represented a private overseas developer in the more than $5.2 million purchase of a 22,500-sf retail property in Santa Monica, Calif., from a private seller.

Office
Big Deal
Hubert King, CCIM, of Treeline Realty and Investment in Temple City, Calif., and a partner negotiated the $9.8 million sale of 50,000 sf of office space