CCIM Feature

September 2004 Online Deal Makers


Gregory R. Gill, CCIM, SIOR, of Charles Dunn Co. in Seal Beach, Calif., and two partners represented Equity Office Properties in an approximately $2.8 million, 10,348-sf, eight-year office lease to Wachovia Securities LLC. He and two partners also represented Equity Office Properties in a nearly $2 million, 18,743-sf, five-year office space lease to Olson Urban Housing LLC.


Wilhelm O. Kreuzer, CCIM, of Tartan Realty Group in Chicago represented Sterling LLC in the more than $2.6 million sale of an 104,960-sf shopping center in Sterling, Ill., to a private investor.

Michael K. Houge, CCIM, SIOR, » Keith A. Sturm, CCIM, (pictured) and Deborah K. Vannelli, CCIM, of Upland Real Estate Group in Minneapolis represented a private developer in the $1.5 million sale of a 4,123-sf Jiffy Lube in Savage, Minn., to a private investor. They also represented a private developer in the $1.4 million sale of a 4,100-sf Jiffy Lube in Round Rock, Texas, to a private investor; and represented another private developer in the $1.1 million sale of a 4,073-sf Jiffy Lube in Horn Lake, Miss., to a private investor.


«John G. Hoagland, CCIM, of Hoagland Commercial Realtors in Louisville, Ky., and a partner were the sole brokers in the $1.9 million sale of a 70,000-sf office/research center from Saneii Development Co. to Bachman Properties LLC.


David J. Lange, CCIM, of Apex Commercial in Brookfield, Wis., represented 1500 West Zellman Court LLP in the more than $2.4 million sale of the 20,800-sf Towne Air Freight truck terminal in Milwaukee, Wis., to CenterPoint Properties.


Small Cities, Big Demand


While coworking spaces in secondary and tertiary markets haven’t exploded, several factors point to these markets offering an additional growth frontier.

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Natural Disasters, Human Response


The frequency of and costs related to natural disasters — including wildfires, hurricanes, tornados, and droughts — are increasing at an alarming rate in recent years. Housing, retail and office space, warehouse facilities — all of these contribute to a coordinated response and rebuilding effort.

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Changes in Store


The key to success for real estate professionals will be understanding changing elements tied to physical stores, from lease terms to sales metrics to build-out options. It will also require the ability to understand technology and, most importantly, the changing preferences of American shoppers.

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Fitting Plans for the Future


Three new FASB accounting standards with wide-ranging consequences are taking effect: revenue from contracts with customers, lease accounting, and current expected credit losses. An they may require substantial implementation efforts from corporate accounting and finance departments.

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