Commercial Investment Real Estate May/June 2017 | Page 49

Land CCIM ROI BIGDEAL George L. Renz, CCIM, 36 of Renz & Renz Investment & Commercial Brokerage in Gilroy, Calif., represented Wil- lis Construction Co. in the more than $6.2 million purchase of 34.17 acres of land from Lavagnino Living Martial Trust. 37 Rob Carroll, CCIM, and 38 Clint Sher- wood, CCIM, of Investment Properties Cor- poration in Naples, Fla., negotiated the more than $5.1 million sale of 18.66 acres of land in Naples from New Hope Ministries to First American Exchange Company LLC. Mixed-Use BIGDEAL 39 T.C. Macker, CCIM, of Coldwell Banker Commercial WESTMAC in Los Angeles, represented Palisades Capital Partners in the $33 million pur- chase of a 40,000-sf mixed-use building at 631 Wilshire Blvd. in Santa Monica, Calif., from PacShore Partners GreenOak. Macker also represented Regents of the University of California, Los Angeles, in the $17 million sale of a 40,204-sf mixed-use building at 640 N. Sepulveda Blvd. in Los Angeles to the Vectra Management Group. 40 James Palmer, CCIM, of RE/MAX Hall- mark Realty in Ottawa, Canada, and a part- ner represented CBHL properties in the $6 million sale of a 19,000-sf commercial com- plex in Orleans, Canada, to several investors. “When you are presented an opportunity to work on a transaction and the other broker or associate is a CCIM, there is a comfort level on all sides of the transaction that everyone involved is professional, well trained, and well educated,” says Parker Carroll (left), CCIM, of TREK Invest- ment Group in Austin, Texas. Carroll represented WH San Angelo ER, LP, in the recent $4.5 million sale of the 8,500-sf Excel ER building in San Angelo, Texas, to Richard Rosenthal, represented by Cynthia Shelton (right), CCIM, of Landqwest Commercial in Orlando, Fla. Carroll and Shelton, who had never met before, immediately felt a level of trust in knowing they both possessed CCIM designations. The transaction was extremely challenging, with many needs to be taken into account within a specifi c timeframe. “There were a lot of moving pieces to this transaction,” Carroll explains. “Everybody involved really worked together to make sure we got to the fi nish line at the point where it was favorable for all parties.” Brady Collier, CCIM, of Wheelhouse Commercial Development was one of the developers for the transaction and played a vital role in the completion of the sale. “The connection with our CCIM designations had an amazingly positive infl uence on all of us, and we had a comfort level that the three of us could make this deal hap- pen,” Shelton says. Overall, the knowledge and professionalism of Shelton, Carroll, and Collier is what helped complete the deal, but the CCIM training of each individual made the transac- tion successful. “CCIM Institute’s education is critical, the networking is unbelievable, and the connections you make with other designees gives you the credibility you need,” Shelton says. “That to me is what CCIM is about.” Submit transactions to [email protected] or fax to [phone]. Include a digital color head shot. Index of Advertisers Canadian Real Estate Forum ........................43 CCIM Annual Governance Meetings .............17 CCIM Course Schedule ................................45 CCIM Designation Benefi ts ...........................13 41 David Hitchcock, CCIM, of Coldwell CCIM Designation Promotion................ cover 4 Banker Commercial Saunders Real Estate in Lakeland, Fla., represented Morrison Partnership in the $3.5 million sale of the 457-acre Haines City Residential Develop- ment in Haines City, Fla., to Tenold Holding. CCIM Development Specialty Track ................9 CCIM ICSC RECon .......................................19 CCIM Foundation .........................................15 CCIM Industry Partners ..................................4 CCIM Institute Global Conference, Toronto 2017 ........................................ cover 2 Hospitality CIRE Magazine Gift Subscription ..................47 BIGDEAL Cathy Jones, CCIM, of CIRE Magazine Special Discount for CCIMs .. 21 Sun Commercial Real Estate in Las Vegas and fi ve partners represented The Siegel Group Nevada in the $18 million sale of the 89,000-sf Rumor Boutique Hotel in Las Vegas to an undisclosed buyer. Century 21 ...................................................29 42 40 CCIM.COM 41 42 Coldwell Banker Commercial ........................11 Gif Send d a CIRE E Gift Subscription Member rate is $25 U.S., $35 International To order, call 800.621.7027, ext. 4478. RE/MAX Commercial ............................ cover 3 Sperry Commercial Global Affi liates ................3 Ten-X ..............................................................5 Looking for more information on a product or service? Visit our advertiser Web links on CIRE magazine’s website at CCIM.com/cire. For advertising information, contact Gina Orlandi at (312) 321- 4478 or [email protected]. May | June 2017 47