SVN International Corporation has been named to the Real Leaders Top 100 list for 2021, a global ranking comprising the world’s top 150 mission locked organizations solving business problems in socially constructive ways. Among thousands of companies considered, SVN ranked in the top 20 and will be honored at the 2021 Real Leaders Impact Awards held on January 27th, 2021. SVN is a co-sponsor of the virtual awards ceremony.
The Real Leaders Impact Awards honors the top impact companies applying capitalism for greater profit and greater good. The annual global ranking of positive impact companies that are driving social impact in all major sectors of the economy recognizes companies with “a new vision of what the world should look like and who should benefit.” They show what business can achieve when we align positive growth with social impact.
Click here to view SVN and other top impact companies in the Real Leaders Virtual Awards 2021 digital magazine.
SVN | Doug Carter LLC one of the nation’s premier investment real estate brokerage firms, has completed the sale of the Park at Whispering Pines, a 207 unit apartment community built in 1974, at 3030 E. Fountain Boulevard in Colorado Springs, Colorado for $26.47 million.
Doug Carter of SVN | Doug Carter LLC represented the seller in this transaction. He also represented the family when they acquired the investment in 1987. The Park at Whispering Pines is a “best of class” community that attracted multiple buyers. Competing buyers resulted in a sale price above the asking price and a short five-week period from list to close. The Park at Whispering Pines is well situated to benefit from the emerging economic growth in Southeast Colorado Springs related to the new U.S Space Force and support companies. Other military commands at Peterson AFB and the Colorado Springs Airport are also nearby.
SVN is the only major commercial real estate brand that proactively markets all of its qualified properties to the entire brokerage and investment community. Participating in approximately $12.1 billion in sales and leasing transactions in 2020, SVN Advisors shared commission fees with co-operating brokers in order to close more deals in less time and at the right value for clients. Advisors also reap the benefits of our SVN Live® Weekly Property Broadcast, cloud-based leading-edge technology, and national product councils. This open, transparent and collaborative approach to real estate is the SVN Difference.
About SVN | Doug Carter LLC:
SVN | Doug Carter LLC is an independently owned and operated SVN® office located in Colorado Springs, Colorado. Doug Carter is the apartment market expert with nearly 40 years of experience in multi-family brokerage, market research, apartment management, and ownership services. Carter has sold over 1/3 of all 10+ unit apartment complexes in the Colorado Springs market.
For over 35 years, Carter has surveyed and reported the city’s rents, vacancies, and sales trends. Now published as APARTMENT INSIGHTS, this quarterly report is the most thorough and reliable multi-family research on the Colorado Springs apartment market. Contributions to his community and industry include twice being elected board president of the Apartment Association of Southern Colorado. He is also a past board president of Partners in Housing, a transitional housing program for homeless families. Additionally, Carter was treasurer of the Trails, Open Space and Parks Political Action Committee.
About SVN:
The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues, and our communities. The SVN brand is comprised of over 1,600 advisors and staff in more than 200 offices across the globe in six countries. Our brand pillars represent the transparency, innovation, and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues, and communities. For more information, visit www.svn.com.
All SVN offices are independently owned and operated. To learn more about becoming an SVN commercial real estate business owner, visit http://www.svn.com/franchising-opportunities/
SVN | Saunders Ralston Dantzler Real Estate founder negotiated Florida’s largest conservation property purchase in more than a decade.
Dean Saunders, the managing director and founder of Lakeland-based SVN | Saunders Ralston Dantzler Real Estate, last month negotiated the state’s largest purchase of conservation land in more than a decade.
Florida’s Department of Environmental Protection acquired the Bluffs of St. Teresa property for $43 million. The 17,080-acre tract on the Gulf of Mexico, in the state’s Panhandle, features 17 miles of waterfront land and borders the state-owned Bald Point State Park and Tate’s Hell State Forest.
The property also represents one of the largest tracts of undeveloped land in Florida on the Gulf Coast.
As part of the purchase, The Nature Conservancy chipped in $2.25 million and the U.S. Department of Defense, which operates several Air Force bases in the region, contributed $2.19 million.
For the state, the Department of Environmental Protection (DEP) and Gov. Ron DeSantis’ former deputy chief of staff played key roles, Saunders notes.
“This was a rare opportunity to preserve an absolute gem of a property for posterity for the citizens of Florida,” says Saunders, who was a top aide to former Florida Gov. Lawton Chiles and also served in the Florida House of Representatives from 1992 until 1996.
“The state owns the land on either side of this tract, which is also known as St. James Island, so it just made sense for them to buy this piece, as well.”
Saunders represented Ochlockonee Timberlands LLC, an affiliate of Salt Lake City-based AgReserves, in the transaction. AgReserves is a for-profit arm of the Church of Jesus Christ of Latter-day Saints, which is more commonly known as the Mormon Church.
AgReserves affiliates acquired a total of 382,000 acres in the panhandle — including the Bluffs of St. Teresa —in early 2014 from The St. Joe Co. for $565 million, according to reports at the time. The land is spread across eight Florida counties.
Florida’s DEP notes in a statement that the “milestone” purchase provides “benefits to climate resilience,” preserves rivers and lakes that are “critical to water quality, quantity and the health of the region’s aquaculture” and safeguards animals’ habitat.
The Bluffs’ deal isn’t the only conservation-rated deal that Saunders, who has been recognized as one of the top land brokers nationwide by the Realtors Land Institute, has done of late. In Polk County, in the 560,000-acre Green Swamp area, he negotiated a conservation easement for 713 acres known as AVT Ranch for $1.1 million.
Since its formation in 1996, Saunders Ralston Dantzler has completed transactions valued in excess of $3 billion.
The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues, and our communities. The SVN brand is comprised of over 1,600 advisors and staff in more than 200 offices across the globe in six countries. Our brand pillars represent the transparency, innovation, and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues, and communities. For more information, visit www.svn.com.
All SVN offices are independently owned and operated. To learn more about becoming an SVN commercial real estate business owner, visit svn.com/franchising-opportunities/.
Transparency and openness have long been hallmarks of the SVN culture and business model. Embracing and fostering inclusivity drives our approach to practicing commercial real estate, which is rooted in proactively cooperating and collaborating with our colleagues, communities, and even our competitors. It is this shared vision that enables SVN to create more value for our clients — 9.6% more value, to be exact.
We recently held our quarterly “JumpIN” event, which is designed to acclimate and welcome new-to-SVN advisors to the systems, tools, resources and culture inherent in the organization. Today, we’re pulling back the curtain and inviting you in to one of our internal JumpIN training sessions. And in the open and transparent manner in which SVN operates on all fronts, we’re giving you a closer look at how we train and develop our SVN advisors and staff.
The commercial real estate industry is rapidly growing and constantly evolving, driven by powerful, transformative trends in technology, consumer behavior, culture and more. In such a dynamic, mercurial and competitive industry, it’s critical now more than ever to build a strong point of differentiation that helps an SVN advisor stand out as the advisor of choice.
So, what makes one commercial real estate advisor stand out from another? As a CRE broker, what can you offer that your competition can’t (or won’t)? How do you become truly different? And, ultimately, how do you leverage your point of differentiation to create more value for your clients, colleagues, and communities?
These were some of the questions that led to the creation of what we call The SVN Difference.
One of the most profitable commitments SVN advisors can make is to become a champion of understanding and articulating all components of the SVN Difference. Just as its name implies, The SVN Difference is the strongest differentiating value proposition that SVN advisors have — it’s the sharpest tool in the toolkit.
Democratizing commercial real estate information to bring greater transparency to the marketplace is receiving an abundance of attention today – our company and the SVN Difference were built on this idea in 1987.
Our forward-thinking, innovative approach early on positioned SVN to be on the bleeding edge of technology in CRE. For 30 years we have pioneered the development of online collaboration platforms, allowing us to deliver better results for our clients. In fact, SVN was the first firm in the industry to connect our offices in the southwest via a local area network. Later, SVN developed the industry’s first online publishing platform, known today as Buildout. Today, we’ve opened up our weekly in-house sales meeting, SVN Live, to anyone who wishes to participate.
So, what does all of this mean?
It means that SVN was built to be future-proofed.
It means that SVN was built to deliver better results.
It means that SVN was built to last.
The commercial real estate brands with whom SVN competes are all themselves competing on size and breadth. Whether it’s the highest number of brokers, greatest number of markets served, or the most access to data — they are all issuing the same narratives. It is therefore our job as SVN advisors to effectively articulate our compelling point of difference and demonstrate what we can do that the competition cannot.
It’s important to keep in mind that the SVN business model is rooted in openness and transparency in conjunction with a fee sharing model, which ensures that we’re putting our money where our mouths are.
Unfortunately, SVN is the exception — not the rule. But it’s our mission to change that.
It’s rare for the industry to step back and question the soundness and integrity of industry business models of which they are a part and ask, Why do things work this way?, Why do other industry brokerage models fly in the face of fundamental economics? For instance, today, more than 80% of investment sales transactions are double ended (e.g., the same broker who lists the property also finds the buyer). This happens in an environment where more than 65% of all buyers come from out of state, and more than half the buyers can be categorized as new or unlikely buyers. These buyers are not in any one broker or brokerage firm’s database.
This begs the question: Are the seller’s interests placed first, or are the broker’s (and his/her quest to earn twice the fee)?
Upon close inspection of the commercial real estate industry, you’ll see clear points of differentiation between SVN and its global competitors. Exemplary SVN advisors understand that the key to success is mastering these differences and leveraging them to offer clients something the competition is unwilling or unable to offer.
Models like SVN, which embrace automation, collaboration and cooperation, are uniquely positioned to take market share in this era of change, as client behaviors and expectations evolve. SVN advisors have a tremendously powerful competitive differentiating value proposition to bring to the table.
SVN advisors are part of a brand that offers something completely different from what any local, regional, or national firm is offering. This is the SVN Difference. And this difference is what ultimately creates 9.6% more value for our clients.
Now that’s a tremendously powerful competitive advantage.
About SVN:
The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues, and our communities. The SVN brand is comprised of over 1,600 advisors and staff in more than 200 offices across the globe in six countries. Our brand pillars represent the transparency, innovation, and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues, and communities. For more information, visit www.svn.com.All SVN offices are independently owned and operated. To learn more about becoming an SVN commercial real estate business owner, visit http://www.svn.com/franchising-opportunities/
SVN International Corporation (SVNIC), a full-service commercial real estate franchisor of the SVN® brand, is pleased to announce and welcome a new Executive Vice President of Growth, Leslie Bateman.
SVN’s current Chief Growth Officer, George Slusser, plans to retire by the end of 2020; Slusser will pass the baton to Bateman, who will oversee SVN’s growth and expansion plans.
Bateman will be responsible for the execution of all external growth strategies at SVN and will be responsible for designing and driving the company’s second wave growth initiative.
“We are thrilled to have Leslie on board,” said SVNIC President and CEO, Kevin Maggiacomo. “Her background in tech platforms and services as product businesses lends exceptionally well to SVN’s mission to disrupt and optimize the CRE brokerage industry.”
“I am incredibly excited to join the team at SVNIC, especially at such a pivotal time for the industry. The potential to amplify growth is extraordinary,” said Bateman.
Bateman joins SVN from Uber, where she was a founding member of the Uber for Business team, Uber’s first global B2B Sales team and Enterprise offering, as well as the pioneer behind the Uber for Business Real Estate offering, which focused on the application of Uber technology with the real estate industry to enable property owners and managers to attract and retain tenants through transportation innovations. Prior to her time at Uber, Bateman spent 12 years in New York in strategy and sales across Technology, Pharma, and Financial Services industries.
A proponent of advancement through disruption, Bateman is particularly passionate about bringing forward progression to the rapidly evolving commercial real estate industry through technology and innovation. She is a strong supporter of fostering women’s involvement in leadership and within the real estate industry. Bateman lives outside of Boston, MA with her husband and two daughters.
About SVN International Corp.
The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues, and our communities. The SVN brand is comprised of over 1,600 advisors and staff in more than 200 offices across the globe in six countries. Our brand pillars represent the transparency, innovation, and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues, and communities. For more information, visit www.svn.com.
All SVN offices are independently owned and operated. To learn more about becoming an SVN commercial real estate business owner, visit svn.com/franchising-opportunities/.
SVN International Corporation (SVNIC), a full-service commercial real estate franchisor of the SVN® brand, was ranked number one on the list of the Fastest-Growing Multifamily Property Management Companies in 2020 by Multi-Housing News (MHN).
The MHN rankings reflect SVNIC’s strategic growth from 2017 through 2019. During this time, SVNIC increased its management portfolio from just under 6,000 units in 2017 to over 18,600 units, marking a remarkable annual portfolio growth rate of 81.6%.
“We are deeply committed to the exponential growth of our customized asset and property management businesses and to delivering a total support system to both our private and institutional clients.” said Kevin Maggiacomo, President & CEO of SVN.
The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues, and our communities. The SVN brand is comprised of over 1,600 advisors and staff in more than 200 offices across the globe in six countries. Our brand pillars represent the transparency, innovation, and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues, and communities. For more information, visit www.svn.com.
All SVN offices are independently owned and operated. To learn more about becoming an SVN commercial real estate business owner, visit http://www.svn.com/franchising-opportunities/.
SVN International Corporation (SVNIC), a full-service commercial real estate franchisor of the SVN® brand, announces the addition of Mobile-based SVN | Toomey Property Advisors.
With over 12 years in the industry, managing director Justin Toomey has experience in every aspect of the commercial real estate business. As Justin’s client base and service offerings continue to expand, he has started to grow his team to maintain his high standards of service for his clients. SVN | Toomey Property Advisors specializes in tenant representation, landlord representation and investment sales.
Justin Toomey, Managing Director SVN | Toomey Property Advisors
“I joined the SVN brand for the culture, network and great reputation,” said Justin Toomey. “Having a strong national network for our tenant and landlord representation services is extremely valuable for our clients across the country.”
“Justin and his team are a great addition to the Mobile market and SVN as we share the same vision and dedication to the culture” said SVN’s Vice President of National Franchise Sales and Development Marc Seinfeld.
SVN International Corporation (SVNIC), a full-service commercial real estate franchisor of the SVN® brand, announces that it has added College Station, Texas-based Riverstone Commercial Real Estate to its franchise roster. Going forward, the new venture will operate as SVN|RIVERSTONE COMMERCIAL REAL ESTATE.
Founded in 2017, SVN | RIVERSTONE COMMERCIAL REAL ESTATE is led by Founding Partners and Managing Directors Jim Jones and Jess Buenger. The rapidly expanding firm offers brokerage and advisory services to buyers, sellers, landlords, and tenants across the central Texas markets. SVN | RIVERSTONE COMMERCIAL REAL ESTATE also provides consultancy services on investments and development projects. More information about the firm is available at svnriverstone.com
“SVN | RIVERSTONE’s top priority is getting the most value for our clients. With SVN, we gain expanded visibility and marketing dexterity to deliver the best value possible no matter the geography or asset class,” said Managing Director Jim Jones. “Now, we not only reach a business owner across town, but an investor across the globe.”
“Even prior to our official announcement of our partnership with SVN, we have collaborated on deals sourced through SVN offices in Las Vegas, Chicago, Florida, Austin, and the Northeast,” added Managing Director Jess Buenger. “This partnership has expanded our reach tremendously.”
“In SVN | RIVERSTONE, we have found a firm with a natural fit to our SVN culture that puts clients first, said Marc Seinfeld, SVN’s Vice President of National Franchise Sales and Development. “We are delighted to work with SVN | RIVERSTONE and increase our presence in Texas.”
About SVN International Corp.
The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create outsize value for all stakeholders. For more information, visit www.svn.com.
Boston, MA (July 29, 2019) – SVN International Corporation (SVNIC), a full-service commercial real estate franchisor of the SVN® brand, announces that Florida-based SVN Saunders Ralston Dantzler Real Estate has become the company’s newest franchise. The team at SVN Saunders Ralston Dantzler will join the 100+ other SVN Advisors working under the SVN Florida umbrella.
Based in Lakeland, Florida, SVN Saunders Ralston Dantzler Real Estate consists of two newly-merged sister companies: Saunders Real Estate and Saunders Ralston Dantzler Realty. The former brokers land and agricultural properties in Florida and southern Georgia, while the latter deals in traditional commercial real estate across Florida’s I-4 corridor. The firm is helmed by its founder Dean Saunders, ALC, CCIM, and Managing Partners Gary M. Ralston, CCIM, and R. Todd Dantzler, CCIM. All three have distinguished real estate careers and are recognized experts in the field.
The addition of SVN Saunders Ralston Dantzler Real Estate strengthens SVN’s overall brand and scope of offerings in Florida, especially along the I-4 corridor. It also brings significant expertise to the SVN Florida Land Alliance, a collaborative group of SVN Advisors focused on commercial land across the entire state.
“This move to SVN greatly benefits everyone involved, and we’re excited about the prospects,” said Founder and Owner Dean Saunders. “It helps our Advisors expand their influence in the state as they take advantage of SVN’s culture of collaboration. In addition, our new unified brand increases the marketing power of both our land and commercial businesses.”
“Having these outstanding professionals on board bolsters SVN’s ability to best serve clients in Orlando and surrounding markets, and provides us with additional proficiency in land, land management, agriculture, timber and related commercial real estate,” said Jerry Anderson, CCIM, executive managing director of SVN Florida.
This news release is available online on GlobeNewswire.
This ranking is an all-time high for SVN, and marks a jump up from #12 in 2015.
In the same ranking, SVN also appears on the “Top 10 in Sales” list.
“We are regularly competing – and winning – against the publicly traded firms ahead of us in the rankings. A clear product of several of the SVN Core Covenants… ” said SVN President & CEO Kevin Maggiacomo. “As a company, SVN is on a fast track path to becoming the billion dollar company we know we can be, and this empirical data is proof positive of that.”
SVN® EXPANDS INTO NEW YORK CITY WITH INVESTMENT IN CPEX REAL ESTATE
Boston, MA (July 1, 2019) SVN International Corp. (SVNIC), a full-service commercial real estate franchisor of the SVN® brand, has invested in New York City-based CPEX Real Estate. With this new venture, which is the third acquisition in SVN’s growth strategy plans, SVN will provide the platform and capital that will allow CPEX to expand more aggressively in the New York City metro area. CPEX Real Estate will rebrand and launch as SVN |CPEX in July, 2019.
The transaction between SVN and CPEX was completed in June and was negotiated by SVN President and CEO Kevin Maggiacomo, and CPEX’s founder and Managing Director Timothy D. King.
“SVN’s investment into CPEX is part of our larger growth strategy across the country,” said SVN President and CEO Kevin Maggiacomo. “CPEX’s focus on growth, along with its collaborative and client-centric approach, presented the right firm for investment and growth in New York City.”
“This investment provides our firm the rocket fuel for growth,” said CPEX Founder and Managing Director Timothy D. King. “It gives us the best of both worlds— we can continue to be nimble and entrepreneurial, while benefiting from the improved tools, capital, and network of SVN’s global brand.”
SVN continues its global expansion with the opening of its newest office in Australia. Here’s the news release:
SVN LAUNCHES PARTNERSHIP WITH AUSTRALIA’S THE VICUS PROPERTY GROUP
SVN Perth is Newest SVN International Office
Boston, MA (June 10, 2019) SVN International Corporation, a Boston-based global commercial real estate company, announced today its newest international venture, and its entry into the Australian commercial real estate market, through a partnership with Perth, Australia-based The Vicus Property Group. The new entity will be known as SVN Perth. The partnership was formally launched at an invitation-only ceremony in Perth on June 5, 2019.
SVN Perth incorporates commercial management, sales and leasing divisions. The head office in Perth will be SVN’s first office in Australia. Current plans foresee expansion to all of Australia’s states over the next few years. More information is available at the SVN Perth website.
Present at the launch ceremony was SVN President and CEO Kevin Maggiacomo, who has led SVN to become one of the fastest growing private companies in the United States. Maggiacomo has also been instrumental in expanding SVN’s footprint internationally, including with the recent establishment of SVN Romania.
“The new partnership between SVN and The Vicus Group is possible because of our shared core values, which place collaboration, transparency, and clients’ interests at the forefront of all we do,” said Kevin Maggiacomo. “Our alliance with The Vicus Group establishes SVN’s presence in Oceania, further solidifying our global expansion, and establishing a gateway to further growth in Asia, creating new opportunities for clients throughout the region.”
“SVN’s progressive business model and ambition is a natural fit with the Australian market,” said The Vicus Group’s Managing Director Joseph Rapanaro. “SVN is one of the United States most recognized commercial real estate brands, and we are honored that they have chosen us as their Australian representatives.”
Duke Long just came out with his 2019 list of the Top 50 Commercial Real Estate Blogs You Must Read, and SVN’s blog is number six on the list! The list showcases a wide range of fantastic CRE-related blogs, covering everything from research sources to vendor information to association news. SVN is indeed in great company.
In case you’re not one of his thousands of Twitter followers, you should know that Duke Long, a New York-based commercial real estate broker, is one of the CRE industry’s most popular bloggers. He’s been putting out his list of top 50 must-read CRE blogs for the past several years.
We are tremendously proud to be included this year, and will continue to bring you lots of must-read blog posts with CRE tips, career advice and other useful information.
Diane Danielson Writes that Inclusion and Diversity will give CRE a Competitive Edge
To better understand and deal with the serious demographic challenges facing the commercial real estate industry, including an aging workforce, SVN’s COO Diane K. Danielson has written a white paper about the need for diversity and inclusion in the industry.
Numerous studies have shown that a diverse workforce provides many benefits, including improved problem-solving and better financial performance. Yet, as an industry, commercial real estate has lagged in attracting women and minorities to its ranks. Ms. Danielson’s paper delineates why diversity when coupled with inclusionary efforts offers so many competitive advantages, and provides specific ideas on how to achieve it.
“The world is changing, and commercial real estate needs to keep up if it is to remain competitive and viable. Diversity is not a ‘check the box’ human resources assignment. Companies need to take concrete steps to make their workplaces more inclusive and open to a diverse workforce.”
Diane Danielson
Diane K. Danielson, who has been COO at SVN since 2012, has spent the majority of her twenty-five year career as an advocate for women. This past April, CREW Boston recognized Ms. Danielson for her work in promoting women in the industry with its 2019 Leadership Award.
Read the press release about the white paper here.
There’s been a whole lot going on in the past month throughout SVN, including the opening of a new international office, industry awards, and office expansions.
Diane Danielson honored with 2019 Leadership Award by CREW Boston
Diane Danielson and Kevin Maggiacomo at CREW Boston Awards Ceremony
During a ceremony on April 24, SVN’s COO Diane Danielson received the 2019 Leadership Award for her efforts in encouraging diversity and inclusion in the commercial real estate industry. Check out CREW Boston’s Twitter feed to see more pictures and commentary about the awards.
SVN opens its first office in Romania
SVN recently opened Bucharest-based SVN Romania, its newest international office. SVN Romania will be headed by CEO Andrei Sarbu and his partner Ionut Nicolescu, two real estate consultants with nearly two decades of real estate and sales experience. The company will have both a commercial (office, retail, logistics, hotel, land, and investment) and a residential (condominiums, credit brokerage, property management, and valuations) practice. Read the press release for more information.
SVN Rankin Recognized as Power Broker by CoStar Group.
SVN Rankin was named a top sales firm. Additionally, SVN/Rankin’s Mike Fusek was named a top office leasing broker, top retail leasing broker and top sales broker, and Lee McClean of SVN/Rankin was named as a top industrial leasing broker.
SVN Canada goes on the record to support building specific off-campus student housing
SVN Blackstream expands in the Carolinas with acquisition
Greenville-based SVN Blackstream acquired SVN Commercial Real Estate Advisors in Cornelius, NC, expanding its reach in the Carolinas. Read more in the GSA Business Report.
SVN EXPANDS INTERNATIONALLY WITH THE OPENING OF SVN ROMANIA
Boston, MA (April 11, 2019) SVN International Corp. announces the opening of Bucharest-based SVN Romania, its newest international office. SVN Romania will be headed by CEO Andrei Sarbu and his partner Ionut Nicolescu, two real estate consultants with nearly two decades of real estate and sales experience. The company will have both a commercial (office, retail, logistics, hotel, land, and investment) and a residential (condominiums, credit brokerage, property management, and valuations) practice. Additional, SVN Romania will have a regional office in Cluj – Napoca.
At its inception, SVN Romania, the largest real estate consultancy in the Romanian residential market, holds an exclusive portfolio of over 10 residential projects with at least 350 units each. The property management division within SVN Romania manages approximately 550,000 square meters of office space and over 1,000 commercial spaces, serving clients such Telekom Romania, Banca Comerciala Romana, and UniCredit Bank. The company projects that in 2019 it will handle approximately €4 million in transactions.
”The Romanian real estate market had its best period in the last decade, and there are still many growth opportunities. The industrial segment is going through a real boom, with the office and retail segments offering steady yields. The investment market has stabilized at approximately €1 billion. Our goal for 2020 is to be in the top five largest real estate consultancies in Romania,” said SVN Romania CEO Andrei Sârbu.
”Romania presents the biggest potential in the region. For example, over 1,000 transactions with properties with a price of over €500,000 close each year at the national level. In comparison with other Central and Eastern European countries, we see there’s still a significant growth potential in all real estate segments,” said SVN International Corp. Director of International Sales Rafael Noriega.
SVN announced the winners of its specialty awards, which recognize exemplary achievement in six different categories, and of the SVeN award. The awards were bestowed during SVN’s 2019 Annual Conference, a yearly gathering of SVN Advisors and Managing Directors, which took place March 6-9 at the Eden Roc Resort in Miami Beach, Florida.
The SVeN award, in recognition of exceptional promotion and representation of the SVN Difference, was presented to Keith Kidwell, Managing Director of SVN Commercial Realty in Fort Lauderdale, Florida.
Each year, SVN recognizes winners in each of six categories: Rookie of the Year, Collaborator of the Year, Team Player of the Year, Humanitarian of the Year, Ambassador of the Year, and Managing Director of the Year. These specialty recognitions were presented by SVN COO Diane Danielson, and John McDermott, Executive Director at SVN Chicago Commercial, during the Awards Dinner of the 2019 Annual Conference. Recognized for their achievements in 2018 were the following:
Collaborators of the Year: Jeff Cline, Executive Managing Director and Michael Finch, Executive Vice President both of, SVN| SFRhub Advisors, Phoenix, AZ.
Perry Laufenberg (2017), Larry Starr, Matt Christian, Matt Stone (2016)
“It is always a great honor to present SVN‘s specialty awards, which recognize the high standards, generosity, and extraordinary achievement of the honorees, in order to build strong relationships and the SVN brand,” said COO Diane Danielson.
Check out other news and pics from the 2019 SVN Annual Conference by looking up #SVN2019 on Twitter.
Boston, MA (February 20, 2019) –SVN International Corp. (SVNIC) is honored to announce that its Chief Operating Officer Diane Danielson, has been selected to receive the 2019 Leadership Award from CREW Boston for her work in diversity and inclusion. The award recognizes Ms. Danielson’s accomplishments over the past 25 years and her contributions to CREW Boston and the commercial real estate industry as a whole. It is one of six achievement awards bestowed by the professional organization, and will be presented on April 24, 2019 at the Fairmont Copley Plaza in Boston.
Founded in 1982, and representing more than 500 members, CREW Boston is the New England chapter of CREW Network, the leading professional organization promoting the advancement of women within the commercial real estate industry. Through its annual achievement awards ceremony, the organization celebrates and recognizes the most successful women in the Boston area commercial real estate world. In addition to the Leadership Award, there are five other awards, including the Professional Service Award, the Suzanne King Public Service Award, Entrepreneur of the Year, the Esprit de Coeur Award, and the Networking Award.
Diane Danielson, COO
Diane Danielson has been the SVN® brand’s chief operating officer since joining the company in 2012. She joined SVN because their franchise platform and open collaboration empowers all Advisors, and the leadership team is dedicated to becoming the most inclusive in the industry. Prior to joining SVNIC, Danielson worked in various capacities in commercial real estate in the Boston market. She was also the founder of the Downtown Women’s Club, a women’s business organization, which at its height had over 30 chapters in 3 countries and served as a platform to launch the first social network for businesswomen in 2007.
“I am pleased and honored to be recognized by CREW Boston, especially as it’s one of the oldest chapters of the premiere organization promoting women’s professional development within commercial real estate.” said Diane Danielson. “The commercial real estate industry remains one of the least diverse industries in the United States. Organizations like CREW Network and companies like SVN International Corp. are committed to making the industry more inclusive of women and people of color. That’s why I’m proud to be a member of both and greatly appreciate the recognition.”
This news release was published today on Globewire, and can be read online here.
Kevin Maggiacomo, CEO & president of SVN International Corp. is featured in a GlobeSt. article published today and written by Brian Lee, an Atlanta-based freelance writer and former editor of Western Real Estate Business magazine.
As seen with e-commerce, the tech tide doesn’t lift all commercial real estate ships, but dedicated brokers stand ready to raise their game.
The effect of technology on commercial real estate brokerage will be one of re-intermediation, not disintermediation, asserts Kevin Maggiacomo, CEO and president of SVN International Corp. (SVN). High-tech innovation is having a profound and positive effect on the roles and goals of expert CRE brokers, making them more efficient and effective in the process.
“What’s missing from most of the disintermediation questions posed to me is an appreciation for the wide range of possibilities and scale at which technology can impact CRE brokerage,” said Maggiacomo. “Instead the discussion quickly turns to the more remarkable topic of if and when the traditional role of the broker will be rendered obsolete. That’s the biggest misconception out there.”
CRE owners appreciate the positive impact that technology-enabled brokerage can have on property values, Maggiacomo maintains. Sellers are capitalizing on syndication modules and to reach a critical mass of brokers and investors through tech platforms like Buildout and CREXi.
“Brokers need to get on the train before it leaves the station and harness the power of this category tech and abandon the hyper-focused practice of working to identify the buyers on their own,” said Maggiacomo.
SVN International Corp. announced its new capital investment based growth strategy plans with the launch of two new partner firms in Southern California: the merger of ECP Commercial into the San Diego office of SVN | Vanguard; and separately, the acquisition of a team from Advisors Real Estate, to form SVN | Commercial-DTLA located in Downtown Los Angeles. This expansion represents the first phase of SVN®’s new Partnership Strategy. Through this new structure, SVN is acquiring minority interests in established companies and high growth teams in strategic markets that will operate under the SVN brand and franchise structure.
Kevin Maggiacomo, president & CEO of SVN International Corp. recently spoke with Kelsi Maree Borland, a freelance writer for GlobeSt.com. The following is an excerpt from the article that was featured on GlobeSt.com on January 23, 2019.
“As a growth accelerator for the brand, these minority acquisitions not only provide SVN with immediate market share but also provides a foundation on which we can aggressively reinvest in markets on an ongoing basis for future growth,” Kevin Maggiacomo, president and CEO of SVN International Corp., tells GlobeSt.com. “These key markets are also the most active in terms of volume and velocity and serve as hubs for inbound and outbound opportunities.”
Kevin Maggiacomo President CEO, SVN International Corp.
This is the first part of a two-pronged growth strategy. The second part will focus on the growing interest in alternative consolidation options. “We believe that the evolving competitive landscape and wave of consolidation has created demand for firms to be part of a larger platform but who also seek an alternative to traditional franchising or a straight, 100% acquisition,” adds Maggiacomo. “Our partnership strategy provides a bit of both, affiliating with one of the most recognized brands in CRE while simultaneously realizing some liquidity.”
The new partnership model doesn’t mean that SVN is planning to abandon the franchise model, however. Maggiacomo says the firm will continue to be a “pure” franchisor, as he describes. “We’re making minority investments here and not reverting back to the corporate stores of old,” he adds. “The agility, flexibility and stability that franchising provides is a core tenet of our business. Our partnership investments are a supplemental strategy designed to accelerate and affect exponential growth in key markets where firms are looking for a structure that was previously unavailable through our traditional franchise model.”
In fact, the firm’s success with the franchise model has enabled them to adopt this new partnership model. Maggiacomo sees it has a new opportunity for growth. “Like any organization, we are constantly assessing our business model to in order to ascertain our best opportunities for growth,” he explains. “Last year we saw the 200th office open under the SVN brand. We’re pleased with our market coverage, but we determined that our greatest opportunity for growth was in increasing our market share in key US markets. Doing that—quickly and in targeted form—requires a unique solution to the desires of the marketplace. A capital powered partnership strategy combined with the SVN systems for growth yields a product that is appealing to a bevy of high growth firms who fit the SVN mold.”
Specifically, Maggiacomo is looking for companies that are sizable and on the brink of obtaining significant market share, especially with access to support. “While the owners could sell all or a majority of their firm’s stock, most believe that they would be selling short or too early and further don’t want to relinquish control of their businesses,” he says. “The SVN Partnership Program provides for immediate liquidity to firm shareholders. This, coupled with growth capital for bolt-on acquisitions as well as SVN’s technology stack, systems and resources puts each partnership firm on their own “ten times” path to growth.”
The two firms SVN has purchased include ECP Commercial in San Diego, which will merge into SVN | Vanguard, and a team from Advisors Real Estate, which will form SVN | Commercial-DTLA in Los Angeles. These two firms perfectly fit the bill, aligning with both the growth strategy and the firm’s company culture. “For us, the SVN culture is everything—our culture is our business model, and so ensuring that prospective partner firms believe in and practice fee sharing and broker cooperation, as an example, is paramount,” Maggiacomo explains.
To read the entire GlobeSt.com article, CLICK HERE.
To find out more about franchising with SVN, CLICK HERE.
Boston, MA (January 9, 2019) SVN International Corp. (SVN), a global commercial real estate company, announced today the addition of Las Vegas-based The Equity Group as its newest franchise. The new franchisee will now be known as SVN | The Equity Group.
Established in 1980 by Scott Godino, SVN | The Equity Group currently manages 100 properties in Southern Nevada, totaling close to 7 million square feet of commercial real estate. The firm’s longevity, spanning nearly forty years in the market, made it a good fit to become SVN’s Las Vegas franchisee.
“Our team will continue to offer the highest level of commercial brokerage, leasing and property management services while making full use of the enhanced capabilities in technology and national reach that SVN provides,” said Scott Godino, founder and chief executive officer of SVN | The Equity Group. “This is an opportunity for us to gain a competitive advantage in the market by attracting new clients and brokers who want to work with a proven team that has an established global reach.”
“SVN | The Equity Group’s management team shares SVN’s vision and culture. The firm’s client-centric focus reflects our core covenants on how we do business,” said SVN’s Vice President of National Franchise Sales and Development Marc Seinfeld. “SVN has one of the industry’s largest footprints domestically, and many of our domestic and international clients look at the Las Vegas market when investing.”
For more information on SVN | The Equity Group, click here.
For more information on SVN International Corp., click here.
SVN International Corp. has expanded its reach across the United States with the addition of SVN | CompassRock, a leading national provider of institutional-quality property management services for the office, retail, industrial and multifamily sectors.
SVN | CompassRock, based in Denver, Colorado, is headed by Founding Principal David Woodward, Executive Managing Director Kevin Donahue and Director of National Accounts Tony Yousif. The leadership team have earned their reputation as industry leaders through commitment to excellence and high ethical standards.
“We are thrilled to have CompassRock join the SVN brand. David, Kevin and Tony are well-known and respected leaders in commercial real estate and they will play an instrumental role in providing comprehensive property management services to SVN clients.” said Kevin Maggiacomo, President and CEO of SVN International Corp.
By joining the SVN network of commercial real estate companies, SVN | CompassRock has tapped into its industry-leading technology and a global network of real estate Advisors. “Our mission will be to continue to provide the hands-on, focused level of service for which CompassRock has always been known and leverage the existing SVN network to access thousands of real estate professionals..” said David Woodward, Founding Principal.
“As a forty-year veteran of the industry, spent mostly on the client side directing property management firms, I am excited about the opportunity to create an organization that will provide a customized solution and level of service to a diverse client base that will hopefully become best in class.” said Kevin Donahue, Executive Managing Director.
Clay Russell, an Associate Advisor with SVN | BlackStream in Greenville, South Carolina, has attained one of the most coveted prizes in American amateur motorsports, the Sports Car Club of America (SCCA) Runoffs national championship. The race was held October 16-21, 2018 at the Sonoma Raceway in Sonoma, California.
Clay Russell wins SCCA Runoffs Championship!
Russell won the national championship in his Angry Llama Spec Racer Ford (SRF). Spec Racers are a single seat, open cockpit racers powered by four-cylinder Ford engines and are capable of a 150-mph top speed. Their “Spec” designation means all cars are the same, putting emphasis on the driver’s ability and competitiveness. Winning in SRF is frequently measured in feet as opposed to car lengths.
In addition to his championship run this year, Russell is the only SRF driver to win a SCCA Super Sweep award by winning the Southeastern Majors Conference Championship, the Hoosier Tire Super Tour points title, and the Runoffs. In 2017, he was Southeastern Majors Conference champion and finished fifth in the Hoosier Tire Super Tour.
Clay Russell has been actively racing for six years. He has steadily improved from his sixth-place finish in the SCCA 2016 Runoffs, and his fourth-place finish in the 2017 Indianapolis Motor Speedway Runoffs. He joined SVN | BlackStream earlier this year, where he specializes in the retail market.
About SVN| BlackStream
Formed in 2014, SVN | BlackStream operates franchises in Greenville, Columbia, Charleston and Asheville, covering the Carolinas, SVN | BlackStream has more than 30 advisors providing commercial real estate services to national investment funds, regional property owners and local, experienced investors and owners. All SVN® offices are independently owned and operated. For more information, visit www.svnblackstream.com
Want to put your career into high gear and race to the top of the CRE world? Check out job opportunities at SVN.
We are proud to share the following news release (published today) that showcases a deal put together by SVN | Angelic, with a referral from SVN |Three Rivers Commercial Advisors, which allowed a new senior living facility to open in Fort Myers, Florida.
SVN| Angelic Loan Restructuring Deal Instrumental in Campo Felice Opening in Fort Myers
Boston, MA (October 2, 2018) SVN| Angelic, a commercial real estate investment banking, investment advisory and brokerage firm, negotiated and restructured a loan deal that resulted in the completion of the successful conversion of Campo Felice, a high rise in Fort Myers, Florida, from a vacant hotel to a luxury independent living community for adults aged 55 and older.
Campo Felice, which opened as a hotel in 1986, underwent a complete gutting and renovation starting in 2015 to transform the 24-story building to a resort-style independent living community. The project faced many obstacles, including construction that took longer than expected, and that went over budget. Because of the delays and unexpected costs, the construction loan went into default. SVN| Three Rivers Commercial Advisors, based in Pittsburgh, referred Campo Felice’s owners to SVN| Angelic, which specializes in large financial deals.
With six months left to finish construction on Campo Felice, and 25% of units leased, SVN| Angelic had to find a way for the renovation to be completed and allow residents to move in. Additionally, Campo Felice’s owners facing some legal obstacles. SVN| Angelic restructured critical concessions from the exiting lender, and negotiated a new two-year bridge loan for $62 million providing much needed cash to complete the project and its lease-up phase.
Currently, Campo Felice has quickly achieved approximately 30 percent occupancy, and is the single largest independent senior living project in Southwest Florida. The property has many amenities including a spa, pool and sundeck, a movie theater, and four restaurants. This is the latest high visibility project for SVN, whose teams have been instrumental in the revitalization of Downtown Fort Myers. SVN advisors in Southwest Florida have completed approximately 250,000 square feet of leasing, and $40 million in sales, with over $50 million in current sale listings on the market.
“We are proud to have helped finance the transformation of a great property into a vibrant community,” said Gabriel Silverstein, Managing Director of SVN| Angelic. “We came up with a solution to the property’s cash flow needs, and helped bring this $104 million project to fruition, with the help of a dedicated ownership team and two lenders who worked very hard to find solutions for everyone involved.”
You can find the complete PRWeb version of the release here.
We are proud to share the following news release (published today) that showcases a deal put together by SVN | Angelic, with a referral from SVN |Three Rivers Commercial Advisors, which allowed a new senior living facility to open in Fort Myers, Florida.
SVN| Angelic Loan Restructuring Deal Instrumental in Campo Felice Opening in Fort Myers
Boston, MA (October 2, 2018) SVN| Angelic, a commercial real estate investment banking, investment advisory and brokerage firm, negotiated and restructured a loan deal that resulted in the completion of the successful conversion of Campo Felice, a high rise in Fort Myers, Florida, from a vacant hotel to a luxury independent living community for adults aged 55 and older.
Campo Felice, which opened as a hotel in 1986, underwent a complete gutting and renovation starting in 2015 to transform the 24-story building to a resort-style independent living community. The project faced many obstacles, including construction that took longer than expected, and that went over budget. Because of the delays and unexpected costs, the construction loan went into default. SVN| Three Rivers Commercial Advisors, based in Pittsburgh, referred Campo Felice’s owners to SVN| Angelic, which specializes in large financial deals.
With six months left to finish construction on Campo Felice, and 25% of units leased, SVN| Angelic had to find a way for the renovation to be completed and allow residents to move in. Additionally, Campo Felice’s owners facing some legal obstacles. SVN| Angelic restructured critical concessions from the exiting lender, and negotiated a new two-year bridge loan for $62 million providing much needed cash to complete the project and its lease-up phase.
Currently, Campo Felice has quickly achieved approximately 30 percent occupancy, and is the single largest independent senior living project in Southwest Florida. The property has many amenities including a spa, pool and sundeck, a movie theater, and four restaurants. This is the latest high visibility project for SVN, whose teams have been instrumental in the revitalization of Downtown Fort Myers. SVN advisors in Southwest Florida have completed approximately 250,000 square feet of leasing, and $40 million in sales, with over $50 million in current sale listings on the market.
“We are proud to have helped finance the transformation of a great property into a vibrant community,” said Gabriel Silverstein, Managing Director of SVN| Angelic. “We came up with a solution to the property’s cash flow needs, and helped bring this $104 million project to fruition, with the help of a dedicated ownership team and two lenders who worked very hard to find solutions for everyone involved.”
You can find the complete PRWeb version of the release here.
We are happy to announce that SVN Smith Group Commercial Real Estate, located just outside Athens, Georgia, is one of our newest franchisees. Following is the press release that was published today:
SVN International Corp. Expands Presence in the Southeastern United States with SVN | Smith Group Commercial Real Estate Addition
Boston, MA (September 25, 2018) — SVN International Corp. (SVNIC) has expanded its reach in Georgia, and the Southeastern United States with the addition of SVN | Smith Group Commercial Real Estate, formerly known as Oconee Properties, based in Watkinsville, in the northeastern part of the state.
SVN | Smith Group Commercial Real Estate is headed by Managing Directors Bob Smith and Matthew Smith, who provide a combined 50 years of experience to the business. Situated the Athens market, the family-owned and operated real estate company conducts much of its business there and in the University of Georgia area.
By joining the SVN network of commercial real estate companies, SVN | Smith Group has tapped into its industry-leading technology and a global network of real estate brokers. “The technology that SVN provides is unmatched anywhere in the commercial real estate market. This gives us a competitive advantage, especially in a smaller market where we can offer local expertise and provide better quality tools for marketing and promoting our clients than our competitors,” said SVN |Smith Group Managing Director Matthew Smith. “The SVN network is beneficial for us as we refer customers to anywhere in the world and know that they will be in good hands with an SVN broker.”
Smith added: “We’ve received a great deal of support from SVN’s fantastic leadership team, and we look forward to a long and successful relationship.”
About SVN International Corp.
The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create outsize value for all stakeholders. For more information, visit www.svn.com.
If you are interested in gaining access to the SVN network of commercial real estate brokers, and our top-notch technology, please visit our franchise opportunities page.
This week, we feature Chichi E. Ahia, of SVN | Ahia Commercial Real Estate, based in Langhorne, Pennsylvania. His firm focuses on the medical office and office markets, and specializes in investment and sale-leaseback structuring and serves the Greater Philadelphia and central and southern New Jersey areas.
Chichi E. Ahia
1. What advice would you provide to an aspiring advisor who is new to the industry?
Two things: First, make a two-year commitment and don’t give yourself the option of entertaining any other career opportunity within that window. This practice should facilitate the commitment and focus required to build a great practice. Second, find three great mentors – one within the industry and two from other industries. The principles that drive success in business are interdisciplinary. Often, tremendous insight can be gained from professionals who have built successful businesses in other industries.
2. What does the SVN Difference mean to you?
The opportunity to define and be defined by a larger organization within any market or asset class.
3. What learning tools (book, blog, website, etc.) would you recommend to your colleagues to further their knowledge and enhance their careers?
In my opinion, two must-read books are Good to Great by Jim Collins and 8 Traits of Brokers who Dominate by Rod Santomassimo.
4. What inspired you to open an SVN franchise? (Or why did you join SVN?)
For me, SVN offers a national platform while representing an ideal balance between corporate structure and entrepreneurship.
5. What was your most memorable deal and why?
We listed a fairly substantial medical office building that had been previously listed with a residential/commercial hybrid firm that had been unsuccessful in attracting any offers. The previous company had marketed the property as an owner/user opportunity. After consulting with ownership, we identified an opportunity to structure the sale as a sale/leaseback investment opportunity. We received an acceptable offer within the first week. Aside from a quick sale, the real value that we were able to bring to ownership was a favorable difference of nearly one million dollars over the term of lease between the increased sale price, reduced monthly obligation, and eliminating the need to lease and fit-out new medical space to relocate the practice, had they sold to an owner/user.
Are you ready to experience the SVN Difference? Check out our Careers page here.
SVN International Corp. is pleased to announce that Senior Vice President of National Franchise Sales and Development, Karen Hurd, CCIM, will serve as President of CCIM’s New England Chapter for 2019.
Ms. Hurd has been actively involved with the CCIM Institute on both a national and local level for the past eight years and earned the CCIM designation in March 2018. With 25 years of industry experience and as a member of SVN’s leadership team, Ms. Hurd plays a vital role in SVN’s strategic growth as they continue to expand in the U.S. and across the globe.
“I am appreciative of the opportunity to lend my talents and skills to help advance the New England CCIM Chapter and its members,” said Hurd. “I hope to expand CCIM’s educational outreach and collaboration to NAR, IREM, SIOR, CREW Network, and other industry organizations including the entire New England commercial real estate community.”
“Karen is a valued and trusted member of SVN International Corp. and we are all proud of her accomplishments. We are certain that the New England Chapter of the CCIM Institute will benefit greatly from Karen’s industry experience and knowledge.” says Kevin Maggiacomo, President and CEO of SVN International Corp.
The Chicago-based CCIM Institute confers the Certified Commercial Investment Member (CCIM) designation and is considered the industry’s most prestigious certification. The CCIM Institute is one of the largest commercial real estate networks worldwide with more than 50 chapters around the world.
For more information on the CCIM Institute visit www.ccim.com.
SVN opens first NH franchise office in Bedford, New Hampshire
Boston, Mass. (July 10, 2018) — SVN International Corp. (SVN), a full-service commercial real estate franchisor of the SVN® brand, announced today the addition of its newest franchise, SVN | Real Estate Solutions, based in Bedford, New Hampshire. Led by industry veteran Larry Pelletier, the firm specializes in assisting family offices, investors and developers nationwide in identifying commercial real estate opportunities and procuring targeted asset classes, as well as helping owners and operators to optimize investment returns on existing assets through repositioning or dispositioning.
Prior to joining the more than 200 global offices of SVN this year, Pelletier spent 18 years as a Principal with T-Rex Capital Group, a private investment firm, where he was responsible for acquiring, financing, managing and disposing over five million square feet of commercial assets nationwide. Prior to T-Rex, Pelletier was the founder and principal of Real Estate Solutions, Inc., a boutique consulting, brokerage and appraisal practice based in Boston and New York. Pelletier led valuation consulting assignments totaling over $25 billion of assets world-wide including such notable assets as the World Trade Center, Mall of the Americas, Rockefeller Center and a portfolio of 20 malls in Australia. Pelletier also created and conducted training seminars on the industry leading real estate valuation software, Argus, Pro-Ject and Dynamis and trained over 5,000 people nationwide.
Pelletier’s ownership and investment experience includes office, retail, apartment complexes, data centers, resorts and development. Previously held positions include acquisition manager for Boston-based Leggat McCall Properties and as real estate syndication associate for the public accounting firm of Kenneth Leventhal & Co.in New York.
“I am excited about joining SVN and taking a lead role in increasing our national engagements in the region. By combining my ownership experience and the networks I have built with SVN’s diverse portfolio that includes more than 500 domestic and international markets, I intend to provide increased visibility and new investment opportunities for the clients I serve. Additionally, the resources and flexibility that are built into the SVN model is truly unparalleled. I feel privileged to be a member of the SVN team.”
Combining SVN specialized product counsels which include office, retail, multifamily, hospitality, industrial, self-storage, marinas, golf courses and resorts along with property management, Pelletier and his team at SVN | Real Estate Solutions intends to utilize the SVN extended network and culture of collaboration to enhance its suite of real estate services.
Pelletier holds a Master’s degree in Finance and a Bachelor’s degree in Accountancy. He continues his educational pursuits in the Master’s in Financial Planning program at Bentley University. He is a licensed real estate broker in New Hampshire, Massachusetts and Rhode Island.
Boston, MA – SVN International Corp. (SVN), a full-service commercial real estate franchisor of the SVN® brand, and Patronicity, a Michigan-based civic crowdfunding platform, united by a shared vision of creating value with clients, colleagues, and our communities, announced the launch of SVN | Communities, a collaborative effort where qualified SVN offices can use crowdfunding to help develop strategic projects in their local communities. The nationwide program will help fund place-based, community-driven projects – art installations, parks, bike trails, markets, and more – helping to revitalize downtown areas, neighborhoods, and community spaces. The SVN® organization will back successful projects with a matching grant of up to $10,000 per project. Communities, nonprofits, and other approved entities in eligible SVN markets can learn more about the program and apply at www.patronicity.com/SVN.
SVN is launching this program with SVN | Chicago Commercial, one of its top offices with a history of strong community involvement. Other qualifying SVN firms include SVN | Miller Commercial Real Estate in Salisbury, MD and SVN | RICORE Investment Management, Inc. in Cincinnati, OH.
“SVN is a commercial real estate brand that understands the value of having locally-based leadership invested in the communities where they both live and work,” says Kevin Maggiacomo, CEO & President of SVN International Corp. “This is why the Patronicity program, which invites the local community to participate, really appealed to our core values.”
This exciting and innovative program is geared towards supporting grassroots, community-driven place making projects by providing a matching grant to groups able to meet their crowdfunding goal. Selected projects will run a crowdfunding campaign with Patronicity aiming to hit their crowdfunding goal within 60 days. Groups should then be ready to finish their project within six months of reaching their target. Successful projects must activate a new or underused public or community space with the program giving preference to permanent physical projects.
“We are thrilled to partner with SVN to bring this impactful brand of community driven crowdfunding to new cities across the country. We’ve seen the impact crowdfunded place making has on communities across the nation as real and long-lasting, and we’re excited to expand this impact with the support of SVN,” said Jonathan Berk of Patronicity.
About SVN International Corp.
The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The SVN brand is comprised of over 1,600 advisors and staff in more than 200 offices across the globe. Our brand pillars represent the transparency, innovation and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues and communities. All SVN offices are independently owned and operated. For more information, visit www.svn.com.
SVN International Corp. has been named the 7th Most Powerful Brokerage Firm for 2018 by Commercial Property Executive (CPE) and Multi-Housing News (MHN). SVN earned the number 7 ranking based on overall performance, taking into consideration investment sales and leasing activity.
Each year Commercial Property Executive, a leading resource for the commercial real estate industry, ranks the top brokerage firms by utilizing a weighted formula based on a variety of factors, including form performance in 2017 and over time, using factors like investment sales and leasing activity. Firms represented in the CPE Index are considered leaders in the commercial real estate industry and according to CPE, the industry-leading brokerage firms can be expected to “represent the vast majority of market transactions”.
About SVN International Corp.
The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the globe. Our brand pillars represent the transparency, innovation and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues and communities. For more information, visit www.svn.com.
The national annual award recognizes the “best of the best” in commercial real estate brokerage
Boston, MA — SVN® franchises and select professionals are among this year’s recipients of the 2017 CoStar Power Broker™ Awards. CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate market information and marketing services, recognizes the top producing performers in commercial real estate brokerage each year by acknowledging the individual brokers and firms who closed the highest number of transaction volumes in commercial property sales or leases within his or her respective market.
The individual award recipients are as follows:
Nick Malagisi, SIOR, SVN | Commercial Realty – Sales
Gregory G. Ogin, CCIM, CPM SVN | Clark Commercial Group – Industrial Leasing
Max A. Heidenreich, SVN | OAK Realty Advisors – Industrial Leasing
The franchise award recipients are as follows:
SVN | Commercial Realty – Sales
SVN | BlackStream – Sales
SVN | Hamm & Company – Sales
SVN | OAK Realty Advisors – Leasing
SVN | Parsons Commercial Group – Boston – Sales
SVN | Rankin Company – Sales and Leasing
SVN | RealSite – Sales
SVN | SouthLand Commercial Real Estate – Sales and Leasing
SVN | Stone Commercial Real Estate – Sales
SVN | Three Rivers Commercial Advisors – Sales
SVN | Realty Performance Advisors – Sales
SVN Affordable | Levental Realty, LLC – Sales
SVN | Clark Commercial Group – Leasing
“It is an honor to be recognized for an achievement when it comes from a reputable third party source such as CoStar,” commented Nick Malagisi, SIOR, Managing Director of SVN | Commercial Realty in Buffalo, NY, and National Director of Self-Storage for SVN® who qualified as one of the top commercial brokers in the “Sales” category. “This award reflects the structure and uniformity of team, as well as our firm’s commitment to bringing our client-centric vision to life.”
“We are very proud of the accomplishments of our expert brokers and talented office teams,” stated SVN International Corp. President and CEO, Kevin Maggiacomo. “Everyone who achieved this award epitomizes the values SVN is known for: integrity, cooperation and collaboration, and a deep understanding of their local market. They have spent the last year deeply committed to achieving the best results for their clients. I am extremely grateful for their efforts.”
For seventeen years, CoStar has recognized the top commercial real estate brokerage firms with the Power Broker Award. All commercial real estate sales and lease transactions that closed during the previous year are tallied to determine the winners in each market. CoStar presents the Power Broker Awards to both the firms and individuals who closed the highest transaction volume in commercial property sales and leases in their respective markets.
About SVN® International Corp.
The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the globe. Our brand pillars represent the transparency, innovation and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues and communities. For more information, visit www.svn.com.
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is commercial real estate’s leading provider of information, analytics and marketing services. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Their online services enable clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. For more information, visit www.costar.com.
This week, in lieu of our typicalFive for Friday post, we are examining the important issue of gender diversity in the commercial real estate industry and highlighting gender equity and diversity as keys to an inclusive and successful organization.
At SVN International Corp., reshaping the commercial real estate workforce to achieve the promise of gender diversity is critical to enable improved problem solving and ensure broader industry knowledge, particularly among senior leadership teams. The ultimate objective is to achieve measurable business growth, enhance ambition and engagement of Advisors and staff and establish an increasingly diverse client base. Research indicates that organizations that hold the diversity brought by both women and men in high regard attract and retain high-performing talent and boost operational efficiency.
As allegations of sexual abuse against women in Hollywood, Washington and other professional sectors have surfaced, SVN continues to make gender diversity a priority through meeting gender inclusiveness goals and institute a trustful workplace culture where women are represented fairly in senior management.
Kevin Maggiacomo, President and CEO of SVN International Corp., recently shared his conviction with Commercial Property Executive that men in leadership positions play a vital role in improving representation of women in C-suite positions. In other words, to make true strides toward gender diversity and ensure the most skilled and talented employee base, current male industry leaders convinced must align themselves with the mission of investing in women-led organizations.
“The reality is that men hold the preponderance of commercial real estate leadership positions, so if we’re to see meaningful change across the industry, men need to take action,” he commented. “The business case for gender balance is rock solid.”
Maggiacomo has put his words into action, restructuring his executive team in 2014 to ensure gender-diverse leadership and testifying in front of the Massachusetts legislature in 2015 on behalf of the ultimately successful Women on Boards bill. He additionally launched50/50— a grass roots, web-based movement that grew out of a TEDx talk and calls for gender-balanced leadership across all international organizations that seeks to establish an equal number of women and men within leadership roles by the year 2020.
The importance placed on top-level ideals of inclusivity, collaboration and growth by SVN further emphasizes SVN’s commitment to creating gender balance at the leadership level. To make an impact internally and across the CRE industry, organizations must cultivate an inclusive workplace culture where men and women colleagues can form trustful, supportive relationships.
Read more about Kevin’s progressive thinking and dedicated efforts promoting gender diversity within corporate leadershiphere.
Are you ready to experience the SVN Difference? Check out our career page here.
In 2012, Kevin Maggiacomo, CEO and President of SVN International Corp., (www.svn.com) a commercial real estate franchisor with over 200 offices, hired me to serve as the company’s first Chief Platform Officer. I was responsible for more fully building out the company’s platform of tools, training and resources. In 2014, I was promoted to Chief Operating Officer and became one of the few women in the C-Suite in a national or international commercial real estate firm.
What’s it like to be a woman in the commercial real estate industry today? It’s probably very similar to being a woman in venture capital, technology or science. You are often the only woman in the room, and that can be isolating. And yes, when you are the only woman in a male-dominated environment, it can lead to some unprofessional situations. This is something I addressed in a recent column about the #MeToo movement.
However, being an “only” can also be a great advantage. In my early years in commercial real estate almost everyone remembered me because I stood out. But it was clear that in certain situations my gender made some people uncomfortable, and then there were those who felt strongly that women did not even belong in the room. Fortunately, I grew up competing with and against the boys in sports so being the only female in the room and having to prove my right to be there was pretty much standard fare for me. This is why SVN has been such a remarkable place to work.
While the industry might still have biases, the amount of productivity that happens at SVN offices due to the lack of bias is unparalleled.
I do believe that our president’s commitment to gender-balance goes beyond recruiting and has added value to leadership decisions at SVN. Having gender balance in a company setting allows you to break through unintentional barriers to progress. For example, look at your company’s marketing collateral; if there is no gender or ethnic diversity represented, some of the best candidates and even clients, will infer that your company does not want to work with them. And that is something your management team might not pick up on if they all look like the people in your marketing collateral.
Diversity also helps with creative problem solving. When you bring people with different experiences to sit at the table and debate issues, you have a better chance at finding the best solutions. With diversity on the management team, you are less likely to have a company run by yes-men, or in the cases where the leadership is all women, yes-women.
A lot has been written about why women lack equality in the workplace. Everyone has a theory: there’s a confidence gap; women don’t ask—or when they do, they get penalized; they don’t apply for positions unless they are fully qualified; and we even have studies that show women are lied to more than men in negotiations. These are all part of the same problem.
If you pare it down, the underlying factor is that women rarely get the benefit of the doubt in a business situation.
Today’s leaders need to change their frame of reference on how they judge performance. Eliminate gender-based doubts and focus on results, skills, and raw talent when deciding who should tackle that tough assignment or get that promotion. In other words, don’t create performance obstacles that only exist in your own perception. Outdated stereotypes are a huge detriment to everybody in the workplace. If she’s as qualified as the next guy, then give her the same benefit of the doubt as you would him.
Right now, the brokerage and investment areas of commercial real estate are only about 20 percent female (not including administrative and marketing support); and the percentage gets much lower the further up the ladder one goes. (See CREW Network’s Women in Commercial Real Estate: 2015 for more details) While there are more women in property management, the disparity where the large dollars are made means that any change is going to be slow. It will take deliberate efforts in recruiting to make a difference in the industry. However, once we get more diversity in the pipeline, sales is a results-oriented business, so it should eliminate the biases.
My prediction is that the commercial real estate industry will be slow to change in the next five years, but if we put intentionality into our recruiting efforts, SVN offices can be leaders for change. In fact, we have a built-in advantage. The SVN shared fee, plus our open and transparent approach to marketing properties, creates a structured, common sense environment for advisors and clients. (Clients, colleagues and competitors are all invited to listen in on any of our SVN | Live property broadcasts to see how we market properties openly. Or read the SVN® Core Covenants to learn what we require of our advisors.)
It’s really not that hard to be inclusive. Women, people of color and others new to the CRE industry simply want to know the rules of the game.
We don’t want to change the rules. Nor do we want special treatment. We just want to make sure the game is fair and not rigged against us.
This is what we try to do at SVN. The more we get our SVN Difference message of inclusion, fairness, and the trust that it creates, out into to the world, the more we will be able to recruit talented women and men as both advisors and clients to our offices and the industry as a whole.
Diane Danielson serves as the company’s Chief Operating Officer overseeing operations and brand development and is involved with the overall strategic growth of the firm. Diane is a former attorney, accomplished speaker, published author, and widely recognized advocate for diversity and inclusion in the workplace. Prior to joining SVN, she ran a digital media consultancy and held VP positions in business development, corporate strategy and marketing at several of the major commercial real estate firms in the Northeast. Read full bio.
For more information on The SVN Difference: Creating a Culture of Trust in Commercial Real Estate by Diane K. Danielson, CLICK HERE.
North Bonneville, WA. – SVN | Bluestone & Hockley, one of the nation’s premier net lease brokerage firms, has completed the sale of a 99,215-square foot, 78-unit, resort & spa spanning across 34 acres in North Bonneville. Brian Resendez, CCIM, Managing Director of SVN | Bluestone & Hockley brokered the sale of Bonneville Hot Spring Resort and Spa for $15.45 million.
FRN Washington, LLC purchased the resort and spa, located at 1252 E. Casacade Drive, with plans to redevelop the property into a rehabilitation treatment center.
“The Bonneville Hot Springs Resort and Spa was among the most exciting transactions we have worked on so far. The property was well built and offered many unique amenities that served as a value add for the buyer,” said Resendez. “The transaction was successful due to strong and creative deal crafting, and always being present to our client in resolving any challenges that surfaced in the deal-making process.”
Located 45 minutes outside of Portland, OR, North Bonneville is home to the massive Bonneville Lock Dam and Powerhouse constructed in 1933. Traditionally an area within the Pacific NW that sees limited inventory available to purchase within the hospitality sector in recent year. The town is uniquely positioned along the Colombia George National Scenic Area offering access to hot springs, privacy and serenity.
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About SVN | Bluestone & Hockley:
SVN | Bluestone & Hockley is an independently owned and operated SVN® office. The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the globe. Our brand pillars represent the transparency, innovation and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues and communities. For more information, visit www.svn.com.
Champaign, Ill. – SVN | Ramshaw Real Estate, Inc., one of the nation’s premier net lease brokerage firms, has completed the sale of a 414-unit multifamily portfolio consisting of Campaign House, Hessel on the Park and Westbury Apartments, for $21.25 million in Champaign, Ill. Alex Ruggieri, CRE, CCIM, CIPS, SEC, MBA of SVN | Ramshaw Real Estate, Inc. brokered the transaction.
“There is considerable demand for stabilized multi-family assets from the investment community in this area of Illinois. This portfolio, although a bit older, represented a high quality, well maintained affordable housing stock that serves as a great value add for both the buyer and seller,” said Ruggieri.
The three-property portfolio is conveniently located just south of Chicago and is in close proximity to the major transportation options, including interstate 57, 72 and 74, Willard Airport and the Champaign-Urbana Mass Transit District. The first property, Campaign House, located at 1511 W. Kirby Avenue, features 84 two- to three-bedroom homes. Hessel on the Park, located at 1862 Valley Road, includes 285 one- to two-bedroom homes. The third property, Westbury Apartments, located at 1801 W. John Street, features 45 three-bedroom homes.
All SVN offices are independently owned and operated. To learn more about becoming an SVN commercial real estate business owner, visit www.svn.com/franchising-opportunities.
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About SVN | Ramshaw Real Estate, Inc.:
SVN | Ramshaw Real Estate, Inc. is an independently owned and operated SVN® office. The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the globe. Our brand pillars represent the transparency, innovation and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues and communities. For more information, visit www.svn.com.
Boston, MA — SVN International Corp. (SVN), a full-service commercial real estate franchisor of the SVN® brand, announced the addition of its newest franchise office, SVN | Wood Properties, based in Knoxville, Tennessee. Led by Managing Director George Brown, the firm specializes in providing commercial sales, leasing, property management, development and consulting services throughout the East Tennessee market. SVN | Wood Properties is the fifth SVN office in the state of Tennessee, further expanding the company’s full-service, collaborative approach to commercial real estate in the region.
“Built on SVN’s Shared Value Network®, we strive to identify and work with market leaders who share our vision of a collaborative and open approach to commercial real estate,” said Kevin Maggiacomo, President & CEO of SVN International Corp. “This philosophy is already instilled in the team at SVN | Wood Properties, making it a valuable addition to SVN, along with their strong understanding of the East Tennessee market, SVN | Wood Properties is sure to prosper.”
Brown brings 10 years of experience in commercial real estate to SVN | Wood Properties, where he will lead a team of 10 Advisors focused on commercial real estate advisory within the local East Tennessee market. The 41-year-old firm plans to leverage SVN’s international platform to support the firm’s growth and reach, as well as the cutting-edge commercial real estate technology available to all SVN franchises to help advance its offerings to the local market.
“We recognize a similar business ethic and foundation in SVN and share many of the same values,” said Brown. “SVN provides us with the ability to keep our local relationships, while establishing a national affiliation and utilize essential tools of the business for success and growth. By partnering with SVN, our team has the opportunity to remain a leading firm while adding best-in-class services.”
The SVN brand was founded in 1987 out of a desire to improve the commercial real estate industry for all stakeholders through cooperation and a shared vision of creating value with clients, colleagues and communities. SVN currently has more than 200 offices serving over 500 national and international markets. By tapping into this broad network, SVN | Wood Properties is able to offer its clients expanded services in the leasing, acquisition and disposition of commercial real estate.
All SVN offices are independently owned and operated. To learn more about becoming an SVN commercial real estate business owner, visit http://www.svn.com/franchising-opportunities/
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About SVN:
The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The SVN brand is comprised of over 1,600 advisors and staff in more than 200 offices across the globe. Our brand pillars represent the transparency, innovation and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues and communities. For more information, visit www.svn.com.
Nashville, Tenn., SVN | AVAT Realty, LLC, one of the nation’s premier net lease brokerage firms, has completed the sale of Millwood Manor, a 200-unit multifamily development in Nashville, Tenn. Andrew Agee, Senior Advisor of SVN | AVAT Realty, LLC brokered the sale of the 201,850 square-foot property for $13.45 million.
“Nashville rents are appreciating faster than anywhere in the Southeast creating an ideal opportunity for both the seller and the buyer in the transaction,” said Agee. “Following the buyers proposed large scale renovations, the property will further increase in value, creating a substantial value add for the buyer.”
Nashville, the capital of Tennessee and one of the most popular cities in the state, is located adjacent to the Cumberland River and in close proximity to major transportation including Nashville International Airport, CSX Transportation by Amtrak, the Metropolitan Transit Authority and Interstate I-40, I-24, and I-65.
About SVN | AVAT Realty, LLC:
SVN | AVAT Realty, LLC is an independently owned and operated SVN® office. The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the globe. Our brand pillars represent the transparency, innovation and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues and communities. For more information, visit www.svn.com.
Alexandria, Va. (January 24, 2018) SVN | Hamm & Company one of the nation’s premier hospitality brokerage firms, has advised on the successful purchase of the Residence Inn by Marriott in Alexandria, Va. The 240-room, 257,000 sq. ft. hotel was purchased for $72 million.
Tom Hamm, Managing Director of SVN | Hamm & Company represented the buyer, AVR Acquisition Corp.
“SVN | Hamm & Company was tapped for our expertise in the hotel industry to help obtain a suitable buyer that met the requirements of the seller,” said Hamm. “The purchase of this property was a synergistic investment for the buyer, considering the other properties in their portfolio.”
Located at 1456 Duke Street, the buyer plans to invest into the property by renovating and upgrading the Residence Inn by Marriott to its highest standards, with the goal of making this purchase a long-term investment.
Old Town Alexandria is a charming neighborhood located in Alexandria, Va. This desirable destination outside of Washington, DC, is home to a concentration of boutiques, restaurants, antique shops and theaters, creating a major draw for residents and visitors alike. Alexandria is centrally located near prominent transportation options including the Ronald Reagan Washington International Airport, Alexandria Union Station; State Route 7 and the Capital Beltway, also known as Interstate 95/495.
About SVN | Hamm & Company
SVN | Hamm & Company is an independently owned and operated SVN® office led by Tom Hamm, a member of SVN | Hotels and Director of SVN’s Hospitality Council. The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the globe. Our brand pillars represent the transparency, innovation and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues and communities. For more information, visit www.svn.com.
Chicago, Ill. (January 16,2018) – SVN | Chicago Commercial has completed the sale of Indian Trails Apartments and Ridge Gardens Apartments for $26.5 million. Combined, the two affordable housing complexes include 312 units.
Cody Doran, Assistant Vice President, and Reid Bennett, Senior Vice President, of SVN |Chicago Commercial represented the seller, Indian Trails & Ridge Gardens LLC, in the transaction. The property sold to Sausage King LLC.
“This deal provided the buyer a unique opportunity to invest within a sector of Chicago real estate that has a very limited supply and multiple barriers to entry. These market fundamentals were evident based on the fact that we were able to present our seller with over 43 offers for this portfolio,” said Bennett. “The buyer ultimately plans to make capital improvements and preserve this affordable housing complex.”
Indian Trail Apartments is located at 221 East 21st Street in Chicago, featuring 180 section 8 housing units. Ridge Garden Apartments, at 10010- 10040 South Sayre Ave. in Chicago Ridge, includes 132 section 8 housing units.
Chicago is a major industry hub for finance, commerce, technology and telecommunications. Home to O’Hare International Airport, Regional Transportation Authority and seven mainline and four auxiliary interstate highways, Chicago serves as one of the major transportation hub in the US.
About SVN | Chicago Commercial:
SVN | Chicago Commercial is an independently owned and operated SVN® office. The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the globe. Our brand pillars represent the transparency, innovation and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues and communities. For more information, visit www.svn.com.
Boston, MA (January 10, 2018) – SVN® International Corp. (SVN) has been recognized by CREW Network, the commercial real estate industry’s premier business networking organization dedicated to advancing the achievements of women in the industry globally, for the company’s efforts to improve gender equity and workforce diversity and inclusion. In a newly released whitepaper examining the commercial real estate industry’s efforts in Canada, the U.K. and U.S., SVN is among the top 10 organizations recognized for making overall diversity – defined by CREW’s research as the inclusion of different people based on race, ethnicity and sexual orientation – a business priority.
“SVN is pleased to be recognized by CREW Network for our efforts in bringing diversity and gender equity into the work place. Our organization prides itself on the SVN Difference, which is centered on collaboration and establishing a shared network to ensure all professionals are set up for success regardless of race, gender and ethnicity,” said Kevin Maggiacomo, President & CEO of SVN International Corp. “As the SVN brand continues to grow both nationally and internationally, we continue to build our brand with leaders and team members who share our vision and philosophy of a collaborative, open and inclusive approach to commercial real estate.”
SVN identified that in order to thrive in the future, it had to more closely reflect the population and embrace diversity across gender, race, ethnicity and age. The SVN organization has adjusted their hiring strategy to recruit and develop leaders from 100 percent of the population. Diversity and inclusion are now ingrained into SVN’s culture and are now a filter in every decision the company makes.
The CREW Network’s whitepaper examines outstanding gender-inclusive CRE companies that focus on the advancement of women employees, top executives and board members, as well as notable employee programs, networking and interest groups, mentoring and sponsorship programs and flexible work arrangements.
About SVN International Corp.:
The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the globe. Our brand pillars represent the transparency, innovation and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues and communities. For more information, visit www.svn.com.
Chicago, Ill. (January 3, 2018) – SVN | Chicago Commercial, one of the nation’s premier net lease brokerage firms, recently completed the sale of two commercial buildings in Illinois for a total of $24 million. SVN | Chicago Commercial advised the buyers in the purchase of 19-27 West Jefferson St. in Naperville, Ill. and 1230-1242 West Washington Blvd. in Chicago.
19-27 West Jefferson St. is a 15,412-square-foot retail and office property comprised of four buildings in downtown Naperville. The property sold for $10.5 million under the advisement of Tim Franz, Senior Advisor of SVN | Chicago Commercial, who facilitated the transaction between the buyer, Samuel L. Rubin Co., and the seller, Town Center Holdings, LLC.
“This deal presented a rare value-add opportunity to acquire a stabilized asset in a very strong market within Naperville, providing both the seller and the buyer with an ideal scenario,” said Franz. “The downtown property also offers the possibility of additional mixed-use development for even greater potential of value creation on the site.”
The Jefferson Street property is well-situated on one of the most prominent streets in downtown Naperville, featuring a high-quality tenancy and easy accessibility. Retail tenants in the four-building asset include Jimmy John’s, LuluLemon, Coldstone Creamery, Francesca’s Collection and Adagio Teas.
SVN | Chicago Commercial’s second high-value transaction includes 1230-1242 West Washington Blvd. a 60,000-square-foot mixed-use property comprised of three office and self-storage buildings in Chicago. The property sold for $13.5 million to CLK Properties, in partnership with RCG Longview. Scott Maesel, Chad Schroedl and Drew Dillion of SVN | Chicago Commercial represented the buyers.
“Fulton Market property values have soared in the past several years as multi-national companies like Google, Glassdoor and McDonald’s have opened offices in the area,” said Drew Dillon, Senior Advisor at SVN | Chicago Commercial. “Located in the heart of Chicago’s West Loop, one of the hottest neighborhoods in the country, this property sold for nearly triple its original price, making this a great value-add for the seller.”
The Washington Boulevard property is conveniently located two blocks from the new 600,000-square-foot world headquarters for McDonald’s, which is currently under construction.
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About SVN | Chicago Commercial SVN | Chicago Commercial is an independently owned and operated SVN® office. The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the globe in six countries. Our brand pillars represent the transparency, innovation and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues and communities. For more information, visit www.svn.com.
BUFFALO, NY (December 27, 2017) – SVN | Commercial Realty, one of the nation’s premier self-storage advisory firms, has completed the sale of two self-storage properties in the state of New York for a total of $41.1 million. Nicholas J. Malagisi, SIOR, Managing Director of SVN | Commercial Realty and Chair of the Self-Storage Product Council for SVN International Corp., advised the sellers in the two high-value transactions, comprising the sale of 31-40 Whitestone Expressway in Flushing and 13 Brady Avenue, Hawthorne in Westchester County. Hans Hardisty, MBA, Managing Director of SVN | Deegan-Collins Commercial Realty assisted Malagisi in both transactions.
“Each of these transactions offer a distinct opportunity for both the sellers and buyers in a sector seeing rising demand,” said Malagisi. “The self-storage industry delivers buyers foreseeable economic value in a desirable market with strong rents in an undersupplied sector of real estate. For sellers, this asset class offers the opportunity to capitalize on a robust fiscal transaction.”
31-40 Whitestone Expressway is a self-storage facility located in the College Point neighborhood of Flushing. The 70,368 square-foot building sits on 1.9 acres with an additional 55,000 square feet of floor to area ratio. The property was sold by Whitestone Expressway Realty, LLC for $27 million to 3104 Whitestone Expressway, LLC.
130 Brady Ave., Hawthorne within Westchester County, is a 40,452-square foot self-storage facility situated on 1.5 acres of land. The newly remodeled property includes the opportunity for expansion with space for an additional 2,450 square-foot building. Goodfriend Self-Storage sold the property for $14.1 million to US Storage Centers, Inc.
About SVN | Commercial Realty:
SVN | Commercial Realty is an independently owned and operated SVN® office. The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The SVN Brand is comprised of over 1,600 Advisors
and staff in more than 200 offices across the globe. Our brand pillars represent the transparency, innovation and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues and communities. For more information, visit www.svn.com.
AUGUSTA, GA (December 21, 2017) – SVN | KD LANCLOS & ASSOCIATES, LLC, one of the nation’s premier investment sales brokerage firms, has completed the sale of a premier multi-family portfolio consisting of 446 units in Augusta, Ga. Lexerd Capital purchased the well-positioned portfolio for $34.85 million.
Damien Lanclos, CCIM, Managing Director of SVN | KD Lanclos & Associates, LLC represented the seller, ATC Development, in the sale of this portfolio, which is comprised of three apartment communities: Arborside Apartments, Parker Place Apartments and Alexander Place Apartments.
“We’re pleased to have successfully completed this transaction after a competitive sales cycle,” said Lanclos. “Through the support of SVN’s cutting-edge tools, we were able to expertly broker the deal in this high demand area of Georgia, delivering a return on investment for both parties.”
Arborside Apartments, located at 1062 Bertram Road, is comprised of 180 units with one- and two-level style homes. Parker Place Apartments, located at 1065 Bertram Road and 7300 Palomino Court, consists of 139 units. While Alexander Place, is located at 1075 Alexander Drive and features 127 units.
All three communities are situated in the highly desirable area of West Augusta near shopping and dining, with easy access to I-20 and minutes away from Augusta National, the home of The Masters Golf Tournament.
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About SVN | KD Lanclos & Associates, LLC Based in Augusta, Georgia, SVN | KD Lanclos & Associates, LLC is an independently owned and operated SVN® office. The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the globe in six countries. Our brand pillars represent the transparency, innovation and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues and communities. For more information, visit svn.com.
VICTORVILLE, CA (November 29, 2017) – SVN |MCRE, Inc., one of the nation’s premier commercial real estate brokerage firms, has completed the sale of a multi-family portfolio consisting of 320 units in Victorville, Calif. to Sagebrush Capital Holdings for a total of $27.4 million. Michael Miyagishima, CCIM, Managing Director of SVN | MCRE, Inc. brokered the sale of this portfolio, which is comprised of two apartment communities, The Colony and Golden Sands. Miyagishima represented the seller, Tomanek Associates.
“This transaction was highly favorable to both the seller and buyer, as the portfolio offers a fantastic value add opportunity in light of economic fundamentals,” said Miyagishima. “Through the support of SVN’s cutting-edge tools and marketing platforms, we were able to broker the deal with a high return on investment for the seller.”
The first property within the portfolio, The Colony is located at 14450 El Evado Road and sits on 8.96 acres. With 200 units, the 172,000 square-foot apartment community sold for $17.7 Million. Golden Sands is a 93,600 square feet apartment community located at 15930 Nisqually Road. Consisting of 120 units, the complex sold for $9.7 Million.
Victorville is a city in southern California located off Interstate 15. Just northeast of Los Angeles, the city of Victorville continues to serve as a popular location for businesses.
About SVN | MCRE, Inc.
SVN | MCRE, Inc. is an independently owned and operated SVN® office. The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the globe. Our brand pillars represent the transparency, innovation and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues and communities. For more information, visit svn.com.
Pacific Grove, Calif. (November 28, 207) – SVN | King Properties, one of the nation’s premier net lease brokerage firms, has completed the sale of the Villa Del Mar Apartments for $20.5 million. The 76,170 square-foo
t multifamily development sits on nearly two scenic acres in Pacific Grove, Calif.
Compass Acquisition Partners purchased the property, with Kevin King, Managing Director of SVN | King Properties facilitating the transaction.
“The Villa Del Mar apartment portfolio offers the buyer a compelling value-add opportunity in a quality location, despite the fact that this property presented high barriers to entry,” said Kevin King of SVN | King Properties. “Through SVN’s rich tools and market data, we were able to craft a compelling offer that created a beneficial opportunity for both the buyer and seller.”
Less than a mile from the ocean at 1141 Lighthouse Avenue, Villa Del Mar is a three-building, 78-unit apartment complex well-situated at the intersection of Asilomar Avenue and Lighthouse Avenue. This easily accessible location is also convenient to the Monarch Butterfly Sanctuary, the Point Pinos Lighthouse and the Pacific Grove Marine Gardens, all within a one-mile radius.
About SVN | King Properties:
SVN | King Properties is an independently owned and operated SVN® office. The SVN organization is comprised of over 1,600 Advisors and staff in more offices in the United States than any other commercial real estate firm, and is currently expanding into six other countries. Geographic coverage and amplified outreach to traditional, cross-market, and emerging buyers and tenants is the only way to achieve maximum value for our clients. This is why we proactively promote properties and share fees with the entire industry. This is our unique Shared Value Network® and just one of the many ways that SVN Advisors create amazing value with our clients, colleagues and communities. For more information, visit www.svn.com.
CINCINNATI, OHIO (November 16, 2017) SVN Affordable | Levental Realty (SVN Affordable), one of the nation’s leading commercial real estate firms specializing in affordable housing, brokered over $350 million in Project Based Section 8 and Section 42 transactions throughout the United States in seven months.
“We commend SVN Affordable | Levental Realty for their continued commitment to providing industry-leading service and expertise in the market to establish SVN as a leader in this sector,” said Kevin Maggiacomo, President & CEO of SVN. “SVN’s Shared Value Network, centered on the philosophy that proactive collaboration with the global commercial real estate ensures maximum value for a property, provides our franchises with the essential tools to deliver exceptional client service and drive successful business results as evidence by these noteworthy transactions.”
The transactions brokered by SVN Affordable include affordable multifamily properties of varying sizes and diverse locations across the country.
“SVN Affordable is a nationally recognized leader in the niche market of Affordable Housing brokerage focusing solely on valuing, marketing and selling Project-Based Section 8 and Section 42 housing through our national platform and proprietary database. Our financial, regulatory and statutory expertise, paired with our strategic alliance of industry professionals, allows us to successfully identify a customized disposition strategy and transaction structure that ensures maximum value and minimal risk for our clients,” said Gene Levental, Managing Director of SVN Affordable. “Given the current economic environment, we are able to appropriately advise sellers to ensure they have the opportunity to capitalize on the current momentum in the market and maximize on an aggressive pricing strategy.”
SVN Affordable advised the seller on each of these transactions:
New Jersey Portfolio: Consisting of eight individual multifamily properties located throughout Central and Northern, NJ, totaling 1,202 units. Seven of the eight properties closed at $181.5 million. The eighth property is set to close in the first quarter of 2018, which will bring the total portfolio value to $213 million. All of these assets benefit from long-term project based HAP Contracts.
Rand Grove Village: A Project -Based Section 8 multifamily property consisting of 212 units in Cook County IL. This property sold for $35 million.
Circle Terrace Apartments: Consisting of 303 units, located in Landsdowne, MD. This Project-Based Section 8 development sold for $30.5 million.
Pequot Highlands: Located in Salem, MA, this 250-unit RAD conversion is covered by a long-term Project-Based Voucher Contract and sold for $26.65 million.
Park Vista: Built in 2001, this 212-unit Low Income Housing Tax Credit property located in Watauga, Texas sold for $17.75 million.
Roxbury Hills Apartments: Located at 140 Humboldt Avenue in Boston, MA, this 111-unit multifamily development sold for $15.1 million. The property is encumbered by Mass Housing Affordability restrictions in perpetuity.
Mark Apartments: A 52-unit, Project-Based Section 8 property located at 959 St. Marks in Crown Heights, Brooklyn, NY, sold for $12.85 million.
Baltimore Gardens & Cleveland Gardens: Consisting of two projects covered by separate HAP Contracts, totaling 201 units, this Las Vegas, NV development sold for $12.35 million and will be preserved using Low Income Housing Tax Credits.
Berkeley Terrace: A Project-Based Section 8 development located at 10 Berkeley Terrace in Irvington, NJ consisting of 153 units. The property sold for $12.25 million.
About SVN Affordable | Levental Realty
SVN Affordable |Levental Realty is an independently owned and operated SVN® office working exclusively on affordable housing transactions across the country with offices headquartered in Cincinnati, Ohio. The SVN organization, a globally recognized commercial real estate franchisor, is comprised of over 1,600 advisors and staff in more than 200 offices across the globe, and provides services to over 500 markets across the United States. SVN’s Core Values of transparency, cooperation and organized competition center on what is truly important for achieving organizational success and lasting value. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create amazing value with our clients, colleagues and communities. For more information, visit www.svn.com.
Boston, MA — (November 7, 2017) — SVN International Corp. (SVN), a full-service commercial real estate franchisor of the SVN® brand, announced the addition of its newest franchise office, SVN | Holloway in Southern Mississippi. Led by Managing Director Kenny Holloway, the firm specializes in providing commercial sales, leasing, property management and consulting services throughout the Mississippi market. SVN | Holloway is the second SVN office in the state of Mississippi, expanding the company’s full-service, collaborative approach to commercial real estate in the region.
“As the SVN brand continues to grow both nationally and internationally, we strive to build our franchise network with market leaders who share our vision of a collaborative, open approach to commercial real estate, which we have defined as SVN’s Shared Value Network,” said Kevin Maggiacomo, President & CEO of SVN. “SVN | Holloway is a highly beneficial addition to SVN, with strong roots in Southern Mississippi, providing us the opportunity to further expand our brand and provide best in class service in this market.”
Holloway brings 10 years of experience in commercial real estate to SVN | Holloway, where he will lead a team of Advisors focused on commercial real estate advisory within the local market including Harrison, Jackson, Hancock, George, and Pearl River counties. The firm plans to leverage SVN’s international platform to support the firm’s growth and reach, as well as the cutting-edge commercial real estate technology available to all SVN franchises to help advance its offerings to the local market.
“We recognized the need for a full-service commercial real estate brokerage in the region that is supported by a market-leading platform with an international reach and extensive market expertise,” said SVN | Holloway Managing Director, Kenny Holloway. “SVN’s ability to offer the tools for success and growth, as well as training and networking, provided the perfect partnership to drive our goals in providing exceptional client service throughout Southern Mississippi.”
The SVN brand was founded in 1987 out of a desire to improve the commercial real estate industry for all stakeholders through cooperation and a shared vision of creating value with clients, colleagues and communities. SVN currently has more than 200 offices serving 500 national and international markets. By tapping into this broad network, SVN | Holloway is able to offer its clients expanded reach for finding, acquiring and arranging commercial investments.
SVN is the only major commercial real estate brand that markets all of its qualified properties to the entire brokerage and investment community. Participating in more than $10 billion in sales and leasing transactions in 2016, SVN Advisors shared commission fees with co-operating brokers in order to close more deals in less time and at the right value for clients. Advisors also reap the benefits of SVN | Live™ Open Sales Meetings, cloud-based leading-edge technology, and national product councils. This open, transparent and collaborative approach to real estate is the SVN Difference.
All SVN offices are independently owned and operated. To learn more about becoming an SVN commercial real estate business owner, visit http://www.svn.com/franchising-opportunities/
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About SVN:
The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The SVN brand is comprised of over 1,600 advisors and staff in more than 200 offices across the globe in six countries. Our brand pillars represent the transparency, innovation and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues and communities. For more information, visit www.svn.com.
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