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SVN | KD LANCLOS & ASSOCIATES, LLC COMPLETES SALE OF $34.85 MILLION MULTI-FAMILY PORTFOLIO IN AUGUSTA, GA.

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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.

 

5 for Friday – Jamey Cox, Vice President of SVN | Percival Partners

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This week, our 5 for Friday features Jamey Cox, Vice President of SVN | Percival Partners based in Charlotte, North Carolina. Cox specializes in commercial construction, real estate brokerage, and development; including multifamily/apartment, hospitality, land, self-storage, office and retail.

 

1. What advice would you provide to an aspiring advisor who is new to the industry?

You need to have a plan, work that plan, stick to it and the plan will most likely work.

 

2. What does the SVN Difference mean to you?

The SVN difference means instant credibility and the ability to complete in our market. We are different and people do notice.

 

3. What learning tools would you recommend to your colleagues to further their knowledge and enhance their careers?

The book Goals by Bryan Tracy.

 

4. What inspired you to open or join an SVN franchise?

The opportunity to work in a wonderful industry and achieve personal and financial goals while maintaining a quality of life that allows me to enjoy my young family and not only be defined by my career.

 

5. What was your most memorable deal and why?

The one that got away…..I like to use these to sharpen my skills and do some internal review.

 

 

Are you ready to experience the SVN Difference? Check out our Careers page here.

 

5 for Friday – Perry Laufenberg, Managing Director, SVN | Desert Commercial Advisors

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This week, our 5 for Friday features Perry Laufenberg, Managing Director of SVN | Desert Commercial Advisors, in Phoenix, Arizona. Laufenberg is accomplished in transaction management, marketing, working with brokers and landlords of apartments, shopping centers, and office buildings.

 

1. What advice would you provide to an aspiring advisor who is new to the industry?

Hard work and determination will determine your future. Use the SVN database to consistently and methodically prospect for new clients with phone calls and directed marketing campaigns. Focus on building relationships by providing valuable information to the most active commercial real estate owners in your market.

 

2. What does the SVN Difference mean to you?

The SVN Difference is fully embracing the technology, tools and relationships that exist within our company to generate more business and make lifelong friends along the way.

 

3. What learning tools would you recommend to your colleagues to further their knowledge and enhance their careers?

It goes without saying, but the CCIM coursework and training modules are some of the most comprehensive learning tools there are for commercial real estate practitioners.

 

4. What inspired you to open or join an SVN franchise?

SVN has always embraced technology, inclusion, and diversity, which sets us apart from most of the commercial real estate industry. The values and core covenants that the company was founded on continue to be an important part of why we are with SVN.

 

5. What was your most memorable deal and why?

The most memorable deals are always the first big deal one of my advisors closes. Handing out a check that could be someone’s yearly salary at another job, will never get old.

 

Are you ready to experience the SVN Difference? Check out our Careers page here.

 

5 for Friday – Alex Dmyterko, Managing Director and President of SVN | BlackStream

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This week, our 5 for Friday features Alex Dmyterko, President and Managing Director of SVN | BlackStream based in Greenville, South Carolina. Dmyterko is accomplished in leading and managing functions of commercial real estate including development, acquisitions, finance & investment, leasing, construction, joint venture structuring, partnerships, legal negotiations, property management and accounting.

1. What advice would you provide to an aspiring advisor who is new to the industry?

It starts with showing up ready to play, every day. Absorb what our trainers teach and use the tools and processes provided by SVN. We have a proven and methodical system for success in CRE. Also, be consistent in your efforts and apply yourself every day toward your goals, you will eventually reach them.

 

2. What does the SVN Difference mean to you?

It means that we have a culture of collaboration, transparency and doing things right. We believe in the Core Covenants. We strive to do the right thing, not necessarily the popular thing and we, as a team, will keep this as our focus so that our clients and our advisors will be exceptionally served.

 

3. What learning tools would you recommend to your colleagues to further their knowledge and enhance their careers?

Risk, Ruin and Riches; Inside the World of Big Time Real Estate by Jim Powell provides an insider’s look and analysis into the deal making of commercial real estate giants, and inflection points in our industry’s history. If this book doesn’t bring out your passion for CRE, then you’re probably in the wrong industry. Trammell Crow, Master Builder: The Story of America’s Largest Real Estate Empire by Robert Sobel, is a biography of my former patriarch and mentor; one of the true titans of the industry and likely the greatest developer ever. It is one of my favorite books.

 

4. What inspired you to open or join an SVN franchise?

I have a unique relationship with SVN BlackStream. In 2014, I was working with SVN International Corp. and sold a franchise to Ford Elliott for four markets in North and South Carolina. Over time, I got to know Ford better and watched him grow his business. After adding a residential real estate franchise to his company and growing BlackStream’s development business, we decided that we could grow even faster as a team. Our partnership takes advantage of Ford’s vision, entrepreneurship, deal making and leadership skills, while adding my experience in developing properties, evolving people and growing companies. SVN’s resources and support provides us with an international company’s clout in our growing markets.

 

5. What was your most memorable deal and why?

I developed Coldwater Crossings in Fort Wayne, Indiana, as my first project. I built a 550,000-square foot power center on 75 acres. It took two years of rezoning, assembling parcels, meeting with neighborhood groups, working with my architect, civil engineers, GC, and preleasing space before we started construction. When we finally bought the property, I collected a commission on lease deals with Walmart, Cub Foods, General Cinema Corp, Walgreens, and 100,000 square feet of other leases. All the commissions were paid on the same day and it was a life-changing moment. When the stores opened and I saw how many jobs had been created and how many tax revenues we generated, I knew that I had found my life’s calling.

 

Are you ready to experience the SVN Difference? Check out our Careers page here.

 

SVN | MCRE, INC. COMPLETES SALE OF $27.4 MILLION MULTIFAMILY PORTFOLIO IN VICTORVILLE, CALIF.

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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.

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SVN | KING PROPERTIES COMPLETES SALE OF PROMINENT MULTIFAMILY PROJECT IN PACIFIC GROVE, CALIF. FOR $20.5 MILLION

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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.

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5 for Friday – Steve Kawulok, Managing Director, SVN | Denver Commercial, LLC

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This week, our 5 for Friday features Steve Kawulok, Managing Director of SVN | Denver Commercial, LLC in Colorado. Steve specializes in industrial, land, and multifamily/apartment property sectors.

 

1. What advice would you provide to an aspiring advisor who is new to the industry?

Schedule education into your weekly routine – never stop learning and building your skill set.

 

2. What does the SVN Difference mean to you?

The SVN collaborative environment is a culture that supports our clients and our firm.

 

3. What inspired you to open or join an SVN franchise?

I experienced the culture of sharing and professionalism at an SVN national conference I was invited to prior to joining the SVN team.

 

4. What was your most memorable deal and why?

I helped a county health district integrate three different services into a much more efficient facility, which benefited the community and the health care providers.

 

5. What learning tools would you recommend to your colleagues to further their knowledge and enhance their careers?

I like Rod Santomassimo’s book “Brokers Who Dominate” because it talks about creating a presence in the marketplace. I also remind our brokers that SVN itself offers over 500 hours of great educational opportunities throughout the year!

 

Are you ready to experience the SVN Difference? Check out our Careers page here.

5 for Friday – Jay Hintze, Executive Director of SVN | Hintze Commercial Real Estate

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This week, our 5 for Friday features Jay Hintze, Executive Director of SVN | Hintze Commercial Real Estate in West Allis, Wisconsin. Jay specializes in acquisition and disposition of commercial and investment properties, development of senior housing, acquisition and disposition of REO properties, and the municipal interaction between the real estate community and local elected officials throughout southeastern Wisconsin.

 

1. What advice would you provide to an aspiring advisor who is new to the industry?

Study and learn about the advantages you have with the SVN trainings and SVN platforms.

 

2. What does the SVN Difference mean to you?

Collaboration across the full spectrum of the SVN Network, which allows us the ability to provide the highest level of sound advice to our clients.

 

3. What inspired you to open an SVN franchise?

I was looking for a National Platform which allowed me to find real estate across state lines and had the educational system that allowed me to grow as a commercial Advisor.

 

4. What was your most memorable deal and why?

I had a local client that had a large medical office building to sell. My client did not think I had the skill set to sell, nor the ability to reach national buyers. I reached out to the medical office council chair in Florida and our joint presentation got us the listing. The Monday Sales call reached a Buyer’s Broker in Boston and he called a client in Reno, Nevada and we sold the building for over $32,000,000. Without the SVN national network I would not have gotten either the listing or the sale.

 

5. What is a fun fact to share about yourself?

My commercial real estate career started while I was the Mayor of Glendale, WI. We converted a 1954 era suburban shopping mall into a $345,000,000 outdoor mall called Bay Shore Mall.

 

Are you ready to experience the SVN Difference? Check out our Careers page here.

SVN AFFORDABLE | LEVENTAL REALTY BROKERS OVER $350 MILLION IN AFFORDABLE HOUSING TRANSACTIONS IN 2017

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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.

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SVN EXPANDS PRESENCE IN SOUTHERN MISSISSIPPI WITH THE ADDITION OF SECOND FRANCHISE

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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.

5 for Friday – Gregory G. Ogin, CCIM, CPM, Managing Director – SVN | Clark Commercial Group

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This week, our 5 for Friday features Gregory G. Ogin, CCIM, CPM, Managing Director of SVN | Clark Commercial Group based out of Kailua Kona, HI. Greg’s industry specialties include corporate real estate, golf and resorts, hospitality, restaurant, land and development, multifamily, office and industrial, among many others.

1. What advice would you provide to an aspiring advisor who is new to the industry?

Work hard, work early and get involved in government. Make sure you enjoy life.

 

2. What learning tools would you recommend to your colleagues to further their knowledge and enhance their careers?

Books recommended by the SVN | Elite training program are invaluable.

 

3. What inspired you to open or join an SVN franchise?

I wanted to provide better services to our clients, while also staying competitive. SVN provided me with the resources to do this.

 

4. What was your most memorable deal and why?

The Coconut Grove Marketplace sale of $21 million. I was fired twice from this property due to change of ownership, but I stayed involved. The new owners realized we knew the property and market better than any other national firm.

 

5. What does the SVN Difference mean to you?

It’s a wonderful support system, my mentors have been fantastic.

 

Are you ready to experience the SVN Difference? Check out our Careers page here.

5 for Friday – Chris Blankenship, Managing Director – SVN | Norris Commercial Group

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This week, our 5 for Friday features Chris Blankenship, Managing Director of SVN | Norris Commercial Group. The Texas-based brokerage conducts business in San Antonio, New Braunfels, Seguin and San Marcos. Chris’s product specialties include corporate real estate, land and development, hospitality, industrial and self-storage, among many others.

 

1. What advice would you provide to an aspiring advisor who is new to the industry?

Avoid the problem many advisors start out with—no business plan and no mentor to help accelerate the transition into commercial real estate. This business takes time to generate deal flow. Be effective and thoughtful with your purpose while building your business.

 

2.What learning tools would you recommend to your colleagues to further their knowledge and enhance their careers?

Check out Audible. Many of us commute to work, and we can use the time to our advantage by listening to books. Build a list of books that will enrich your professional and personal journey. For the books you love, buy the hardcopy and record important concepts.

 

3. What inspired you to open or join an SVN franchise?

I attended an SVN Conference as a guest with two colleagues in 2011. We were looking for a brand that represented our business. We signed up one week later.

 

4. What does the SVN Difference mean to you?

One word, family. SVN is a group of professionals who collaborate across borders. I’ve always found my colleagues willing to engage and help.

 

5. What was your most memorable deal and why?

A family partition suite on a large land tract, a deal that required perseverance. I worked with a full price offer from a capable seller—which is usually a joy—but endured eight months of “no” in various forms. Getting to the closing table and ending the emotional process for the seller was a reward in itself.

 

Are you ready to experience the SVN Difference? Check out our Careers page here.

 

SVN COMPLETES NEARLY $50 MILLION IN COMMERCIAL REAL ESTATE SALES TRANSACTIONS IN THE SOUTHWEST REGION

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Boston, MA (October 18, 2017) SVN franchises in the Southwest region, including SVN | Net Lease Texas, SVN | DataVest Inc. and SVN | Investment Sales Group, have delivered strong results during the first three quarters of 2017, brokering a total of three high-value deals for a combined value of $44.9 million.    

SVN | Net Lease Texas advised on the sale of a portfolio of three Walgreen’s stores located throughout Texas in Dallas, Fort Worth and Austin, for $18.3 million. Glen Berhow, of SVN | Net Lease Texas advised the seller on the transaction.

“SVN | Net Lease Texas holds years of specialized experience in the sales and acquisition of net lease retail investment properties throughout Texas and the U.S.,” said Glen E. Berhow, Managing Director at SVN | Net Lease Texas. “As a result of our experience in this market sector, we were able to achieve a 5 percent capitalization rate for the seller, maximizing the value of the properties.”

SVN |DataVest Inc. completed the sale of Arbors Brookhollow, a 114,421-square-foot office building located on nearly eight acres at 2201 East Lamar Blvd. in Arlington, Texas. Arbors Hui, LLC purchased Arbors Brookhollow for $14.25 million. Bruce Marshall from SVN | DataVest Inc. represented the buyer, Arbors Hui, LLC, while Mike Hardage of Transwestern represented the seller in the transaction.

“With ample parking and easy access to I-30 and State Highway 360, Arbors at Brookhollow presented a compelling opportunity to the buyer,” said Marshall, Managing Director at SVN | DataVest, Inc. “Through our expertise in the market, we were able to advise our client in securing this asset with an opportunity for added value.”

Finally, SVN | Investment Sales Group brokered the sale of Sierra Pointe, a 348-unit multifamily apartment building for $12.35 million.

“Sierra Pointe presented a strong value-add opportunity for the buyer to grow their presence in the Tulsa marketplace,” said Paul Yazbeck, Executive Director at SVN | Investment Sales Group.  “With this recent purchase, the buyer plans to bring occupancy to market levels, while also incorporating an energy conservation program.”

Located at 1433 South 107th East Avenue in Tulsa, Okla., Sierra Pointe was sold to AMG Bridgeport, LLC Todd Franks and Paul Yazbeck of SVN | Investment Sales Group brokered the transaction.

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About SVN:

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.

5 for Friday – Tomi Jo Lynch of SVN | Gold Dust Commercial Associates

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This week, our 5 for Friday features Tomi Jo Lynch, Managing Director at SVN | Gold Dust Commercial Associates, based out of Nevada. Tomi Jo specializes in industrial properties with a focus on landlord representation throughout Northern Nevada.

 

1. What advice would you provide to an aspiring advisor who is new to the industry?

Have three to six months of savings and be prepared to work 10-12 hours each day. Get to know your colleagues inside and outside of SVN, and make sure they know you.

 

2. What does the SVN Difference mean to you?

Working for a company where “everyone knows your name.” It is increased value for our clients, collaboration with our peers, and a deep commitment to our core covenants.

 

3. What learning tools would you recommend to your colleagues to further their knowledge and enhance their careers?

Join an accountability group, either in your office through a Vital Factor Team, with an outside organization like Entrepreneurs’ Organization or Vistage, or with a one-on-one business coach. Having a team of peers to hold you accountable is imperative. Don’t forget to read your local paper and trade publications; you can’t be an expert in your market if you don’t know what’s happening in your community.

 

4. What was your most memorable deal and why?

They’re all memorable, but the first medical marijuana grow facility and dispensary in Nevada provided a whole new set of challenges. That’s the great thing about commercial real estate – no two days or deals are ever the same.

 

5. What’s a fun fact about yourself?

I am training to climb Mt. Kilimanjaro in four months.

 

Are you ready to experience the SVN Difference? Check out our Careers page here.

 

5 for Friday – Cameron Irons, Managing Director of SVN | Vanguard

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This week, our 5 for Friday features Cameron Irons, Managing Director of SVN | Vanguard based out of Orange County, Calif. Cameron’s CRE product specialties include industrial, land and development, medical office, multifamily, office, property management, restaurant, retail and single tenant investment.

 

1. What advice would you provide to an aspiring advisor who is new to the industry?

Create a minimum 60-hour workweek schedule that includes more than 250 cold calls. Focus on creating relationships when you make calls, don’t just sell. Always keep a minimum of 15 prospects in your pipeline and specialize in the usage of CRM software.

 

2. What learning tools would you recommend to your colleagues to further their knowledge and enhance their careers?

Read “The E-Myth Revisited: Why Small Businesses Don’t Work and What to Do About It” by Michael E. Gerber, and “Procrastinate on Purpose: 5 Permissions to Multiply Your Time” by Rory Vaden. Participate in the SVN Elite training program for Managing Directors.

 

3. What inspired you to open or join an SVN franchise?

After 15 years of running my own boutique firm, I decided I needed a national brand to get better listings. SVN offered the best platform and helped me relaunch my brokerage business with a profitable full-service model to create enterprise value. The SVN culture is great and inspires me to recruit every day.

 

4. What was your most memorable deal and why?

I sold my exchange client a large multi-family portfolio in San Diego 15 years ago. The property was listed by a brokerage known for not cooperating. I found out about it from the listing agent before he released it to their office. The deal was difficult and died a thousand deaths before closing successfully. I became friends with the listing agent and he was an integral part of the opening team for our new SVN office in San Diego this year.

 

5. What’s a fun fact about yourself?

I am the Chairman of the Orange County Planning Commission. I also love sport fishing and once I reach my goals, my reward is a boat.

 

Are you ready to experience the SVN Difference? Check out our Careers page here.

SVN | Rich Investment Real Estate Partners Brokers Sale of Santa Monica, CA Multifamily Property for $23.8 Million

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Santa Monica, CA (October 11, 2017) SVN | Rich Investment Real Estate Partners, one of the nation’s premier commercial real estate firms, brokered the sale of 153 San Vicente Boulevard, a 30-unit, 44,199-square-foot multifamily development located on over 21,000 square feet of land in Santa Monica, CA for $23.8 million. Shiva Monify of SVN | Rich Investment Real Estate Partners, one of the firm’s top producers, advised on the transaction.

“Properties like 153 San Vicente Boulevard, which offers an ideal location and favorable design features, rarely come on the market in Santa Monica,” said Shiva Monify, Managing Partner of Special Asset Team SVN | Rich Investment Real Estate Partners. “SVN | Rich Investment Real Estate Partners recognized the value at hand and worked to present the client with the perfect opportunity to invest in this asset. Following the property’s closing the new owner plans to renovate the asset and build a new rooftop observation deck.”

Santa Monica is a beachfront city located in western Los Angeles County and is one of the most desirable locations in the area. Situated on Santa Monica Pier, the neighborhood is known for its downtown core and strong tourism. 153 San Vicente Boulevard is well situated in the center of town, walking distance to Ocean Avenue and an ample amount of entertainment options and conveniences.

About SVN | Rich Investment Real Estate Partners

SVN | Rich Investment Real Estate Partners is an independently owned and operated SVN® office with locations throughout Los Angeles county. 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.

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5 for Friday – Deborah Skeans, CCIM, MAI of SVN | Imperial Realty

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This week, our 5 for Friday features Deborah Skeans, CCIM, MAI, Managing Director and Senior Advisor for SVN Imperial Realty in Allentown, PA. Debby’s industry specialties include distressed assets, industrial, land, development, medical offices, multifamily residences and property management.

1. What advice would you provide to an aspiring advisor who is new to the industry?

Be prepared to work hard. Concentrate on creating meaningful relationships and become an expert in a specialty or small geographic area. Get CCIM certified and work the SVN plan.

 

2. What does the SVN Difference mean to you?

A better and stronger culture. SVN is a national (and growing international) brand with the tools needed to serve our clients.

 

3. What learning tools would you recommend to your colleagues to further their knowledge and enhance their careers?

CCIM education and active involvement within the industry.

 

4. What inspired you to open or join an SVN franchise?

The desire to stay independent but have the benefit of a national brand.

 

5. What was your most memorable deal and why?

A $37 million land deal with a local hospital network, which followed an $11.8 million deal. The deal gave the network almost 509 acres of land to create one of the finest medical complexes in the Northeast and improve access to medical care in our communities.

 

Are you ready to experience the SVN Difference? Check out our Careers page here.

 

5 for Friday – Michael Thanasouras of SVN | Chicago Commercial

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This week, our 5 for Friday features Michael Thanasouras, Managing Director at SVN | Chicago Commercial working throughout the Chicago market area.

 

1. What advice would you provide to an aspiring advisor who is new to the industry?

Learn a market and a product type, try to walk through an area, and get on the phone!

 

2. What does the SVN Difference mean to you?

Doing the right thing for our clients by maximizing their property’s exposure within the market and getting them the best deal.

 

3. What learning tools would you recommend to your colleagues to further their knowledge and enhance their careers?

S4G is the best place to start. I also recommend Google Alerts, and register for local real estate news that gets pushed out to you daily!

 

4. What inspired you to open or join an SVN franchise?

I joined SVN in 2008 to help conduct more investment transactions. It took a couple years due to market conditions, but we knew the route would help us expand. Learning from our peers allows us to accelerate rapidly.

 

5. What was your most memorable deal and why?

A small commercial condo. The buyer was unrepresented at first, then ended up with a broker.  We paid the co-op broker without question. I got the leasing and he offered me the property management, too.

 

Are you ready to experience the SVN Difference? Check out our Careers page here.

 

The US Economy Accelerates While Waiting for Washington to Finalize Deals

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While the overall economy remains very healthy on a relative basis, and may in fact be finally showing signs of more robust growth, deal making in Washington will stand as a key influence in determining when – and if – such robust growth will come to fruition. The stock markets have set recent highs in part because Trump appears more willing to make “deals” with Democrats in order to get policies implemented. These deals historically lead to significant tax reform, something the market is already factoring into future expectations. While market analysts place expectations on the potential for a major boost in business investment, and even hiring, this will take time to come to fruition, if ever.

 

Economic Health

Overall estimates of Gross Domestic Product (GDP) growth for the third quarter of 2017 increased to 3%, a key level that is considered the minimal threshold for robust economic growth in the US. Whether this growth is sustainable, however, is yet to be determined.

 

The beginning of the third quarter saw slightly lower job growth in August, with 156,000 added jobs per the Bureau of Labor Statistics, and a minor uptick in unemployment to 4.4%. While these shifts are slight, these numbers are representative of an overall tight labor market.

 

In 2016, median household income hit an all-time high at $59,039, according to the Census Bureau. These higher incomes are no doubt contributing to the still high and rising levels of consumer confidence, up to 122.9 in August of 2017, according to the Conference Board.

 

Third Quarter Impacts

Meanwhile, the third quarter will likely see distorted results in economic indicators due to the temporary effects of the hurricanes impacting the Southeastern US; a recent report by the Census Bureau showed monthly retails sales in August have gone down -0.2%, likely due to Hurricane Harvey. With Irma impacting Florida, there will be broader effects in the short run. In the long run, the rebuilding effort has the potential to have a positive impact on economic growth.

 

Commercial Real Estate on the Rise

Interestingly enough, what remains steady and more certain in these economic times is commercial real estate. CoStar reports continued growth in commercial real estate prices, up 1.2% in July. Also of note, REITs posted their largest gain in Funds From Operations (a measure of cash flow) in the second quarter of this year at 7.9%. By contrast, the many stock market indices appear highly valued on a relative basis.

 

If the economy does not grow at a more robust rate, a likely result if Washington remains in a stalemate, then stock prices could be negatively impacted. Commercial real estate, however, is generally showing signs of demand outpacing supply according to many data providers including REIS. In addition, new construction is flattening rather than accelerating; overall it was down 0.6% in July according to the Census Bureau and has remained mostly flat for all of 2017.

 

As a result, it is evident that the real estate sector is on far more solid footing than the broad stock markets. Investors should consider rebalancing from stocks and bonds and into real estate, especially while mortgage rates remain so low. In fact, research from the Mortgage Bankers Association shows availability of commercial real estate debt continues to increase in 2017 from 2016, thus it is actually getting easier to invest in real estate today.

5 for Friday – Walt Arnold, CCIM, SIOR of SVN | Walt Arnold Commercial Brokerage, Inc.

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This week, our 5 for Friday features Walt Arnold, CCIM, SIOR, Managing Director at SVN | Walt Arnold Commercial Brokerage, Inc. in Albuquerque, New Mexico, specializing in the industrial and office property sector.

 

1. What advice would you provide to an aspiring advisor who is new to the industry?

Immerse yourself in commercial real estate and use the tools at SVN to jumpstart your business. Complete the System for Growth (S4G), go to Jumpstart, and study My.SVN.com. Get involved in Product Councils, join your local CRE board, learn from the brokers in your office, meet regularly with a mentor, build a database- this list could go on and on. This business is about relationships. A new-to-business broker must build relationships fast, ask the right questions, and use SVN as a resource to gain reputation and exposure.

 

2. What inspired you to open or join an SVN franchise?

I joined SVN to be a part of a national (now international) company with a platform. SVN has the ability, tools and resources to compete for and win assignments. I am thankful to be a part of an organization that continues to improve and pursue excellence.

 

3. What learning tools would you recommend to your colleagues to further their knowledge and enhance their careers?

Certified Commercial Investment Member (CCIM) designation is definitely worth pursuing. The websites of NAIOP, CCIM, SIOR, ULI, and IREM are helpful. Read blogs and books within your product specialty. Google alerts are excellent. Audiobooks on CRE and selling also offer a convenient approach to learning in our busy worlds.

 

4. What was your most memorable deal and why?

Whether it’s a client buying an investment property or purchasing an asset for their business, our success as CRE Brokers is helping people with CRE transactions and providing “Best in Class” service and advice. That’s always memorable.

 

5. What’s a fun fact about yourself?

I had a career in the NFL for eight years and I was a two-sport athlete in college. I played football and baseball all four years at the University of New Mexico. Oh, and “Breaking Bad” used my home several times while filming in Albuquerque!

 

Are you ready to experience the SVN Difference? Check out our Careers page here.

5 for Friday – John Rickert, CCIM of SVN | RICORE Investment Management, Inc.

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This week, our 5 for Friday feature highlights John Rickert, CCIM, Executive Managing Director at SVN | RICORE Investment Management, Inc., based out of Cincinnati, Ohio. John specializes in a number of property sectors including distressed assets, hospitality, institutional capital markets and corporate real estate, among others, throughout the Ohio and Kentucky markets.

 

1. What advice would you provide an aspiring advisor who is new to the industry?

Select a brokerage that provides formal training, offers a mentor program, uses state-of-the-art market data sources and has access to a contact information management system. Also, be prepared to live lean for 12 to 24 months while you learn and build your practice.

 

2. What does the SVN Difference mean to you?

In a phrase, “Compensated Cooperation.” The best brokers create a competitive environment for our clients’ assets. SVN immediately promotes our listings to the entire brokerage community in addition to our pool of clients. We involve the entire market to generate more offers. Our clients select the offer that most closely meets their goals. This includes not only the best price, but also the most favorable terms.

 

3. What learning tools would you recommend to your colleagues to further their knowledge and enhance their careers?

SVN’s System for Growth is a great place to learn how to operate as a sales agent and independent contractor. If I could redo the early part of my career, I would earn the CCIM designation much earlier.

 

4. What inspired you to open or join an SVN franchise?

This answer sounds trite, but I joined because of the culture. When I was doing my due diligence, I attended an SVN national conference and discussed the brand with existing franchisees and SVN executives. People were candid and honest with me, which was particularly important because we were still in the throes of the Great Recession and good news was hard to find. SVN | RICORE is enjoying its seventh year as a franchisee and our business has grown in many ways. I still look forward to the conferences because the people that attend are now my friends, in addition to being my national business network.

 

5. What’s a fun fact about yourself?

My first job after college was as a United States Army Officer and a helicopter pilot.

 

Are you ready to experience the SVN Difference? Check out our Careers page here.

Diane Danielson Talks with Michael Beckerman About Making CRE Cool Again and Diversity In the Workplace

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Diane Danielson

Diane Danielson, Chief Operating Officer of SVN International Corp., recently sat down with Michael Beckerman, CEO of The News Funnel and commercial real estate expert, for what Beckerman calls “one of the most important interviews i have done in the real estate sector.”

During their Q&A, they discussed topics about making commercial real estate cool again, the role technology will play in the sector, and SVN’s diversity recruitment efforts. To read excerpts from their conversation featured on Beckerman’s blog, click here.

SVN Wins 2017 Realcomm 'Digie' Award for SVN Live

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SVN International Corp. is excited to announce that we have won the 2017 Realcomm “Digie” Award in the category of Best Use of Automation: Commercial Services.  We were recognized this year for our innovative use of technology and social media in our SVN|Live® Weekly Property Broadcasts. Airing every Monday at 8:30 am PT | 11:30 am ET, the live broadcast highlights new and featured commercial real estate listings presented by the listing SVN Advisor. Solomon Poretsky, SVN International Corp. SVP of Organizational Development, was in attendance and accepted the award on behalf of SVN. This is our 3rd “Digi” award.

Solomon Poretsky, EVP of Organizational Development for SVN, accepts the "Digie" Award
Solomon Poretsky, EVP of Organizational Development for SVN, accepts the “Digie” Award

“It’s no secret that our industry can be a disconnected environment, and it has always been SVN’s goal to change that,” says SVN International Corp. President and CEO Kevin Maggiacomo. “Through our state-of-the-art SVN | Live platform we focus on using new technology, rooted in on our foundational pillar of collaboration, to transform how we do business. This ultimately brings value to our clients, colleagues and CRE community.”

Realcomm began presenting the “Digie” Award (short for Commercial Real Estate Digital Innovation Awards) in 1999. The award’s purpose is to recognize companies, real estate projects, technologies and people that have gone above and beyond to positively impact the industry through the use of technology, automation and innovation. “Digie” Award winners are considered the most innovative individuals and organizations in commercial real estate who are leading the charge for a more efficient, effective and profitable industry.

READ THE FULL PRESS RELEASE HERE

CLICK HERE to learn more about SVN | Live®

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SVN® Brand Ranked Nationally as 8th Top Brokerage Firm

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Boston, Mass. — June 26, 2017 — SVN International Corp. (SVNIC), a full-service commercial real estate franchisor of the SVN® brand, announced today it has been ranked as the 8th Top Brokerage Firm in the UnitedCPR_Top_Brokerage_2017-01 States by Commercial Property Executive. SVN earned the number 8 ranking, climbing up four spots from 2016’s survey, based on investment sales and lease volume for the previous year.

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 2016 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.

kevin“This is an important indicator of the continued growth of SVN – in cold hard results,” says SVNIC President and CEO Kevin Maggiacomo. “This top 10 ranking solidifies the strength of the SVN brand, the reliability of our many online CRE tools and the talent of our hardworking Advisors.”

 

 

 

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 $10.6 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 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.

To learn more about SVN’s Core Services and Specialty Practice areas, visit svn.com/svn-specialty-practices.

 

 

Located outside of the US? Click here to find out how you can bring the SVN® brand to your country.

Click here to read the official press release.

Commercial Real Estate Investors: How to Adjust to Rising Rates

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Mortgage Rates Rise as Lenders React to Market Pressures

In response to a growing economy and inflation pressures, the bond markets, and now the Federal Reserve, appear positioned to support higher short term and long term interest rates. In a move that had been long anticipated, the Fed moved the target for the Fed Rates up 25 basis points from 0.5% to 0.75 % in December. It is expected that the Fed Rates could move two to three times more in 2017 depending on the rate of growth experienced this year. Prior to the Fed decision, long term bond rates moved in reaction to the election, with the 10-Year Treasury going form a three-month low of 1.74% to a three-month high of 2.60% in less than a month. Bond rates have since settled back below 2.40% as of January 17, 2017. This move represented a lot of pent up desire to sell bonds and buy stocks. Early indications are that mortgage rates, both residential and commercial, have moved in similar fashion as lenders quickly react to market pressures. This dynamic is likely to continue for much of 2017. If you invest in commercial real estate, here is how to adjust.

Future Growth in Economy, Jobs Could Increase Demand for Commercial Real Estate

First, realize that these moves in interest rates are related to the anticipation of good news, specifically, about the macro economy and to some extent stock prices. GDP has been reported to have grown at 3.5% in the 3rd quarter of 2016 before any potential “Trump” Man using a modern interfaceeffect could be measured. Job growth has mostly sustained at robust, consistent levels as unemployment sits at near full employment at 4.7%. Of course, the biggest impact has been stock equity prices. The S&P 500 and Dow Jones Industrial Average have risen approximately 10% since the election as a result of anticipated future growth. This future growth in the economy and jobs, if it materializes, will also mean increased demand for all types of commercial real estate, resulting in a possible rise of rental rates and occupancies.

Second, interest rates, assuming they continue to rise, are still far below long term averages. For historical reference, the yield on the 10-Year Treasury averaged 3.58% from 2001 through 2015, and they were much higher in the fifteen years prior. Through this same period of time leveraged private real estate averaged an annual total return of 13.71%, according to the Lakemont Group (analyzing NCREIF return data), beating the average annual return on REITs, 13.19%. Therefore, real estate has and can continue to perform well in higher rate environments.

Finally, rising rate environments require different management strategies than flat or falling rate environments. As inflation is the natural companion of rising interest rates, the ability to push rents upward over time should, in theory, be easier. Flat long term leases are not as advantageous, and will not create as much value on a relative basis. In general, the more realistic upside potential a property’s rent roll presents, the more it could be worth. On the other hand, expenses are likely to rise at a faster rate. Therefore, lease structures that pass expenses, or at least their annual growth, on to the tenant will result in better cash flow and higher valuations. There is also the issue of borrowing in a rising rate environment. For long term holds the answer seems simple – fix long term rates. In reality, it’s much more complex, as accepting a variable rate will result in the greatest present day savings, but with more long term risk. The spread between variable and fixed rates historically gets much wider when lenders expect rates to rise in the near and long term future. As counterintuitive as it sounds, it may actually be more prudent to borrow at variable rates today than before. As long as the property can grow rents and the tenants can absorb increases in expenses, cash flows may be higher, even for the long term.

SVN International Corp. Announces Recent Hires

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The new sales and marketing positions will support the commercial real estate franchisor’s domestic and global expansion goals.

 

Boston, MA—SVN International Corp. recently announced the addition of three key positions to its corporate team. Donna VanSchagen, Director of Marketing; Chris Winslow, Managing Director and Sarah Vincent, Events Marketing Manager will support SVN’s ongoing domestic and international expansion goals.

Donna VanSchagen, Director of Marketing

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With over 20 years of experience in marketing, communication and real estate Donna VanSchagen’s track record includes positions with Success! Real Estate, Coldwell Banker Residential Brokerage and Century 21 Access Properties. In this role Donna is responsible for the development, direction and distribution of all SVN marketing and communications efforts. This includes the management of SVN’s innovative CRE marketing technology programs, social media, corporate brand identity, advertising, corporate website and public relations. Her combination of traditional marketing and digital media expertise has placed her at the forefront of an ever changing branding and marketing landscape. Donna is a graduate of the College of Communications from Boston University.

 

Chris Winslow, Managing Director

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Chris Winslow will hold the position of managing director, expanding the brand into major international markets through targeted sales and business development outreach efforts. He has a vast experience in the industry, and prior to joining SVN, Winslow has worked on all sides of the franchising equation; franchisor, franchisee, Master Licensee and vendor and has served as a Regional Manager, Director, Vice President, Managing Director and President working with varied franchise concepts.  He has been responsible for directing and managing the sales and business development efforts for companies such as UPS, FedEx, JC Penney, EBay, Xerox, American Express and Microsoft on 5 continents in over 60 countries.

Sarah Vincent, Event Marketing Manager

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Sarah Vincent will be responsible for the management and coordination of SVN’s brand events, including annual conferences, webinars and sponsorships. Prior to joining the company, she held various marketing support roles for financial and real estate companies and non-profit organizations. She holds a bachelor’s degree in business, management, marketing and related support services from Skidmore College.

 

 

These recent hires reinforce SVN’s continued message of growth and expansion. With 29 years in operation, SVN celebrated record growth in 2015 by adding 25 offices nationally and internationally. SVN now has over 1,500 Advisors and staff in over 200 offices around the world. SVN is also the only major commercial real estate brand that markets all of its qualified properties to the entire brokerage and investment community. Participating in approximately $10.1 billion in sales and leasing transactions in 2015, 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 LiveSM 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.

Sperry Van Ness is Now SVN

Posted on by SVN

A Letter From President & CEO Kevin Maggiacomo

 

I have always believed the status quo to be the arch nemesis of great companies. Embracing the status quo breeds mediocrity and as brand leaders, our jobs are to disrupt that mediocrity and to achieve excellence. Along these lines, I am excited to announce an exciting change we are making to our organization.

Time For Change – The world is changing and so are we.

NewSVNLogoTo better reflect the company we are today, we are undergoing a meaningful and powerful change to our brand: Sperry Van Ness® has proudly become SVN®.

This change is built atop the shared value brand pillars — open, collaborative and transparent — that underpin our business model. Our new brand more accurately represents the company’s stakeholders. It also creates a strong opportunity for us to share our story – and what we do that is better and different than the competition.

Companies that seek out and embrace change are healthy, growing and dynamic organizations, while companies that fear change are stagnant entities on their way to a painful demise.  There is tremendous opportunity in this initiative and we are looking forward to continuing to roll it out globally over the next 12-18 months.

To read the full press release on the name change, please click here.

Sincerely,

Kevin

International Students Share Their Thoughts on SVN and CRE

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SVN & the International Entrepreneurship Center

Our industry has a problem. The average age of a commercial real estate agent is around 60 — which is an issue as Millennials like me are starting to outnumber other generations in the workforce. And with SVN growing internationally, we wanted to know how the brand and industry resonate outside of the U.S. — so we partnered with a group of Brazilian students through Boston College’s International Entrepreneurship Center to find some answers. On Wednesday, July 29th the students presented their ideas on how to make the SVN brand and CRE industry more appealing to Millennials, from an international perspective.

International Insights: 3 Ways to Reach Millennials

  1. It all starts with the website. As tech-obsessed Millennials, the first thing we do when we hear about a company is Google it. So no matter the size of your office, you’d better have a good website. To the Brazilian students, a “good” website is one that is light on text and heavy on visuals. The students also pointed out that they need to identify with the content on the site. Quotes, testimonials, and photos of young Advisors can help solve this issue.
  2. Let’s talk money. A commission-only job sounds risky, and it certainly can be. But the students were comfortable with the idea because starting a company or similar entrepreneurial endeavors are basically commission-only until you have funding.  Due to language barriers and their just learning the business, the Brazilian students were initially confused with the SVN concept of “compensated cooperation.” Once they understood the benefits of splitting commissions it seemed to fit right in with their view of open and transparent business practices in a sharing economy.
  3. Emphasize the benefits of a franchise. Franchises are big in Brazil and can translate well in international markets. To attract Millennials to work for a franchise business, it’s important to highlight the upsides like training, tools, and independence that the franchise model can offer. As the Brazilian students said in their presentation, with a franchise “you’re on your own but you’re not alone.” You’re in charge of your own destiny, but the franchise system has your back.

If you’re ready to take your CRE career to the next level with the SVN franchise system, visit our Careers page here.

[bctt tweet=”To attract Millennials to work for a franchise business, it’s important to highlight the upsides like training, tools, and independence that the franchise model can offer. “]

Sperry Van Ness® | In the News | September 4 – 17, 2014

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Many of our Sperry Van Ness offices and Advisors are regularly appearing in the news.

The following is a list of some recent media coverage.

 

September 4, 2014
Commercial Real Estate Transactions
Advisor: Todd Franks
Office: Sperry Van Ness/TJF Investments (Dallas, TX)

September 5, 2014
CSP Dance’s New Studio One of Albuquerque’s Biggest
Advisor: Glenn Wright
Office: Sperry Van Ness/Walt Arnold Commercial Brokerage (Albuquerque, NM)

September 6, 2014
Sperry Van Ness Rich Investment Real Estate Partners Adds $1-Billion Broker to Burgeoning Los Angeles Team
Advisor: Joe Penich
Office: Sperry Van Ness – Rich Investment Real Estate Partners (Los Angeles, CA)

September 8, 2014
Rochester Self Storage LLC Acquires Deep Discount Mini Storage
Advisor: Nick Malagisi, SIOR
Office: Sperry Van Ness Commercial Realty (Nicholas Malagisi) (Buffalo, NY)

September 9, 2014
Warehouse Avoids Foreclosure After Sale
Advisor: Joel Kattan & Anthony Peragine
Office: Sperry Van Ness Commercial Realty (Hialeah, FL)

SVN Crossroads Management Awarded 157,000 SF of Property Management Contracts
Advisor: Kirsten Bowersox
Office: Sperry Van Ness Crossroads Management (Schaumburg, IL)

Rochester Self Storage Buys Deep Discount Mini Storage in NY
Advisor: Nick Malagisi, SIOR
Office: Sperry Van Ness Commercial Realty (Nicholas Malagisi) (Buffalo, NY)

Sperry Van Ness Launches Regional Auction Office
Advisor: Walt Arnold, CCIM, SIOR, Tim House & Larry Ilfeld, CCIM, ALC
Office: Sperry Van Ness/Walt Arnold Commercial Brokerage (Albuquerque, NM)

September 10, 2014
Why Gender Balanced Leadership is Good for Business
Advisor: Kevin Maggiacomo
Office: Sperry Van Ness International Corporation (Boston, MA)

September 11, 2014
Broulim’s, Hobby Lobby Could Join Cabela’s in Ammon
Advisor: Douglas Page, CCIM
Office: Sperry Van Ness/High Desert Commercial (Idaho Falls, ID)

September 14, 2014
Doing Business: Movers & Shakers
Advisor: Wesley Cox, CCIM
Office: Sperry Van Ness – Miller Commercial Real Estate (Salisbury, MD)

Town Sees Former Bank Building as Growth Anchor
Advisor: David Wilk, CRE, MAI
Office: Sperry Van Ness – Miller Commercial Real Estate (Wilmington, DE)

Southwest Florida Briefs
Advisor: Ed Boeder
Office: Sperry Van Ness Real Estate, LLC (Naples, FL)

September 15, 2014
Wesley Cox Honored with Community Service Award
Advisor: Wesley Cox, CCIM
Office: Sperry Van Ness – Miller Commercial Real Estate (Salisbury, MD)

Tavistock Sells Stake in The Grove Center
Advisor: Miguel de Arcos
Office: Sperry Van Ness Florida Commercial Real Estate Advisors (Winter Park, FL)

September 16, 2014
Mystery Bank Tenant Revealed
Advisor: Chris Baj, CCIM, CPA
Office: Sperry Van Ness | Imperial Realty (Allentown, PA)

Cook: Prairieville Site Purchased for New Keller Williams First Choice Office
Advisor: Justin Langlois, CCIM
Office: Sperry Van Ness/Graham, Langlois & Legendre, LLC (Baton Rouge, LA)

Attorney Helps Atlanta Investors in Hialeah Warehouse Acquisition
Advisor: Joel Kattan & Anthony Peragine
Office: Sperry Van Ness Commercial Realty (Hialeah, FL)

Sperry Van Ness Commercial Advisory Group Closes Several Lease Deals In Bradenton
Advisor: Debra Cooper, Angela Varga & Tony Veldkamp, CCIM
Office: Sperry Van Ness Commercial Advisory Group (Bradenton & Sarasota, FL) 

September 17, 2014
DFG Sells Properties
Advisor: Steve Legendre, CCIM
Office: Sperry Van Ness/Graham, Langlois & Legendre, LLC (Baton Rouge, LA) 

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All Sperry Van Ness® offices are independently owned and operated.

Sperry Van Ness® | In the News | August 21 – September 3, 2014

Posted on by SVN

Many of our Sperry Van Ness offices and Advisors are regularly appearing in the news.

The following is a list of some recent media coverage.

 

August 21, 2014
Fetzer Foodservice Relocating, Selling Downtown Building
Advisor: Bob Trabue
Office: Sperry Van Ness/Ward Commercial Group (Louisville, KY) 

August 23, 2014
A ‘White-Hot’ Market for Self-Storage Businesses
Advisor: Bartow McDonald
Office: Sperry Van Ness Florida Commercial Real Estate Advisors (Ocala, FL)

August 24, 2014
Owner of Cowboys Dancehall in Arlington Looking for New Location Following Sale of Property
Advisor: Steve Fithian, CCIM, CPM, SEC & David Cook, SIOR, SEC
Office: Sperry Van Ness/Visions Commercial (Ft. Worth, TX) & Sperry Van Ness/David Cook Co. (Dallas, TX)

Tonney Insley Joins Sperry Van Ness – Miller Commercial Real Estate
Advisor: Tonney Insley
Office: Office: Sperry Van Ness – Miller Commercial Real Estate (Salisbury, MD)

August 25, 2014
This 48-Unit Deal in Baltimore is Great News for Apartment Owners
Advisor: Justin Verner
Office: Sperry Van Ness/RealSite Commercial Group (Baltimore, MD)

August 26, 2014
Marcus Pointe Golf Club Closing at End of Year
Advisor: Rodney Sutton
Office: Sperry Van Ness/SouthLand Commercial (Pensacola, FL)

Harley Davidson Stays Put in Green Oaks, IL
Advisor: Vincent D’Amico
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

August 27, 2014
Uptown Remains a Strong Market for Investors of Multifamily
Advisor: Dawn Overstreet, Ph.D.
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

NAI Isaac Facilitates Lease with Smyth Automotive
Advisor: Matt Stone
Office: Sperry Van Ness/Bronaugh & Pulliam (Lexington, KY)

Indiana: A Family Affair with Steve Martin of Sperry Van Ness Martin Group
Advisor: Steve Martin, CCIM, CPM
Office: Sperry Van Ness/Martin Commercial Group (Evansville, IN)

August 28, 2014
Former Arlington Hts. Applebee’s sold
Office: Sperry Van Ness. LLC (Phoenix, AZ)

Developer Finally Closes on Without Walls Site in Westshore
Advisor: Bill Gross & Kenny Anderson
Office: Sperry Van Ness Commercial Real Estate, LLC (Tampa, FL)

August 29, 2014
Alder Land Group Lists Agricultural & Hunting Land Lease Project of Over 3500 Acres
Advisor: Ben Alder
Office: Sperry Van Ness – Miller Commercial Real Estate (Salisbury, MD)

Home Builders Association Pays $4.35M for New Memphis HQ
Advisor: Holice Jeffries
Office: Sperry Van Ness/Investec Realty Services (Memphis, TN)

Trinity Partners Leases 176KSF at Shopton Ridge; Trinity Capital Buys Two Office Buildings in Toringdon
Advisor: Harry Cole
Office: Sperry Van Ness/Percival Partners, LLC (Charlotte, NC)

There’s Always Tomorrow
Advisor: Patti Peixotto
Office: Sperry Van Ness/Walt Arnold Commercial Brokerage, Inc. (Albuquerque, NM)

August 30, 2014
Palm Beach County Business Notes
Advisor: Robert Hamman
Office: Sperry Van Ness Florida Commercial Real Estate Advisors (Jupiter, FL)

August 31, 2014
Business and Professional Briefs
Advisor: Alex Ruggieri, CCIM, MBA
Office: Sperry Van Ness/Ramshaw Real Estate Inc. (Champaign, IL)

September 2, 2014
Local Brokers Open New Sperry Van Ness Firm
Advisor: Steve Legendre, Ben Graham & Justin Langlois
Office: Sperry Van Ness/Graham, Langlois & Legendre (Baton Rouge, LA)

‘Without Walls’ Set for Massive Redevelopment
Advisor: Bill Gross & Kenny Anderson
Office: Sperry Van Ness Commercial Real Estate, LLC (Tampa, FL)

Tenants Sign Leases for 176,000 Square Feet at Shopton Ridge
Advisor: Harry Cole
Office: Sperry Van Ness/Percival Partners, LLC (Charlotte, NC)

Leases/Leasing Contracts
Advisor: Hugh Kennerk
Office: Sperry Van Ness/Sycamore Commercial Real Estate (Indianapolis, IN)

September 3, 2014
Home Builders Group Buys Building for Headquarters
Advisor: Holice Jeffries
Office: Sperry Van Ness/Investec Realty Services (Memphis, TN)

 

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All Sperry Van Ness® offices are independently owned and operated.

 

Sperry Van Ness® | In the News | August 7 – 20, 2014

Posted on by SVN

Many of our Sperry Van Ness offices and Advisors are regularly appearing in the news.

The following is a list of some recent media coverage.

 

August 7, 2014
Mid-Year Commercial Real Estate Review
Advisor: Jonathan Tuttle
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

Sperry Van Ness International Corporation Appoints Solomon Poretsky Vice President of Organizational Development
Advisor: Solomon Poretsky
Office: Sperry Van Ness International Corporation (Boston, MA)

DealPoint Merrill Closes Escrow On 15.9 Acres In St. Charles, Missouri
Advisor: David Frank, Sterling McGregor, Mark Mimms & Mike Gustafson
Office: Sperry Van Ness/DealPoint Merrill Properties Corporation (Fresno, CA) & Sperry Van Ness, LLC (Phoenix, AZ)

Former Daymar Campus on Fern Valley To Be Sold
Advisor: Bill Menish, CAI, AARE, BAS
Office: Sperry Van Ness/Menish Auctions (Louisville, KY)

Bill Luck Attends Realtors Environmental Summit
Advisor: Bill Lucks
Office: Sperry Van Ness – Miller Commercial Real Estate (Salisbury, MD)

Retail Building in Erie Sold for $1.4 Million
Advisor: Steve Kawulok, Dan Leuschen & Cobey Wess
Office: Sperry Van Ness/The Group Commercial, LLC (Ft. Collins, CO)

August 8, 2014
Drowning in Regulations: EPA Could Have a Much Bigger Say in Arizona’s Future Because of Clean Water Act Proposal
Advisor: Mary Ridberg
Office: Sperry Van Ness, LLC (Phoenix, AZ)

Downtown Apartment Building Saratoga Lofts Sells for $3 million
Advisor: Justin Verner & Tony Casalena, CCIM
Office: Sperry Van Ness/RealSite Commercial Group (Baltimore, MD)

August 11, 2014
SVN-RICORE Receives Two CoStar Power Broker Awards
Advisor: Joe Gilligan
Office: Sperry Van Ness – RICORE Investment Management, Inc. (Cincinnati, OH)

SVN-RICORE’s Dan McDonald Receives CoStar Power Broker Award
Advisor: Dan McDonald
Office: Sperry Van Ness – RICORE Investment Management, Inc. (Cincinnati, OH)

August 12, 2014
 SVN Auction Services Announces Sealed Bid Auction of a Louisville College Campus
Advisor: Bill Menish, CAI, AARE, BAS
Office: Sperry Van Ness/Menish Auctions (Louisville, KY) 

St. Matthews Lots Up for Auction After Decades of No New Construction
Advisor: Bill Menish, CAI, AARE, BAS
Office: Sperry Van Ness/Menish Auctions (Louisville, KY)

August 13, 2014
Bill Lucks of SVN-Miller Attends NAR Environmental Summit
Advisor: Bill Lucks
Office: Sperry Van Ness – Miller Commercial Real Estate (Salisbury, MD)

Forno Rosso Joins West Loop Pizza Invasion
Advisor: Scott Maesel
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

Former Applebee’s in Arlington Heights Sells
Advisor: Tim Rasmussen & Olivia Czyzynski
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

August 16, 2014
West Side Marble Taproom Expanding
Advisor: Richard Gallegos
Office: Sperry Van Ness/Team Southwest (Albuquerque, NM)

August 17, 2014
More Than Half of FoCo Restaurants Owned by Locals
Advisor: Cobey Wess
Office: Sperry Van Ness/The Group Commercial, LLC (Ft. Collins, CO)

August 19, 2014
My Best Friend’s Closet Opening at Campus West Shops
Advisor: Cobey Wess
Office: Sperry Van Ness/The Group Commercial, LLC (Ft. Collins, CO)

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All Sperry Van Ness® offices are independently owned and operated.

 

Sperry Van Ness® | In the News | July 24 – August 6, 2014

Posted on by SVN

Many of our Sperry Van Ness offices and Advisors are regularly appearing in the news.

The following is a list of some recent media coverage.

 

July 24, 2014
CRE Is Still an Uphill Climb for Women, but the Effort is Worth It
Advisor: Kirsten Bowersox
Office: Sperry Van Ness/Crossroads Property Management (Schaumburg, IL)

Pork Shoppe Barbecue Opening in Former Kingfisher Restaurant
Advisor: Tim Rasmussen
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

Sperry Van Ness Represents the Buyer in Sale of Commercial Land in Mesa
Advisor: Shari A. Tucker-Gasser & Trenton McCullough
Office: Sperry Van Ness, LLC (Phoenix, AZ)

Local Company Acquires Transit Friendly Property
Advisor: Rodrigo Gonzalez Velarde
Office: Sperry Van Ness – Rich Investment Real Estate Partners (Los Angeles, CA)

SVN Crossroads Bowersox: Giving the Keys to a Successful Property Management Division
Advisor: Kirsten Bowersox
Office: Sperry Van Ness/Crossroads Property Management (Schaumburg, IL)

Palmer’s Namesake Palmer Plaza Expected to Sell for About $50M
Advisor: Anthony Lopes, CCIM, CPM
Office: Sperry Van Ness/Investec Realty Services (Brentwood, TN)

July 25, 2014
Mall Makeovers Face Varied Challenges
Advisor: Steve Kawulok
Office: Sperry Van Ness/The Group Commercial, LLC (Ft. Collins, CO)

July 27, 2014
Junior Achievement Gets Expanded Space in Salisbury
Advisor: Brent Miller, CCIM, CPM & Rick Tilghman, CCIM
Office: Sperry Van Ness – Miller Commercial Real Estate (Salisbury, MD)

July 28, 2014
Harbor Freight Tools Moves into Former Boaters World Location
Advisor: Wesley Cox, CCIM
Office: Sperry Van Ness – Miller Commercial Real Estate (Salisbury, MD)

Real Estate Deals
Advisor: Linda Emery & Bruce Dilges
Office: Sperry Van Ness Commercial Advisory Group (Sarasota, FL)

The Deal Sheet
Advisor: Olivia Czyzynski, Wayne Caplan, Vince D’Amico & Joel Miller
Office: Sperry Van Ness/Crossroads Property Management (Schaumburg, IL), Sperry Van Ness Chicago Commercial (Chicago, IL) & Sperry Van Ness/Landmark Commercial Real Estate (Geneva, IL) 

July 29, 2014
Harbor Freight to Open Store in Salisbury
Advisor: Wesley Cox, CCIM
Office: Sperry Van Ness – Miller Commercial Real Estate (Salisbury, MD)

July 30, 2014
SVN Auction Expands, Opens Office in Columbus
Advisor: Richard Kruse & Sean Parker
Office: Sperry Van Ness/Gryphon Parker (Columbus, OH)

Leadership Brentwood to Begin 2015 Class
Advisor: David W. Creed, Jr.
Office: Sperry Van Ness/Investec Realty Services (Brentwood, TN)

Advocate Offices May Relocate Downtown
Advisor: Doug Wilson
Office: Sperry Van Ness/Wilson Commercial Group, LLC (Columbus, OH)

Fort Collins/Loveland Air Park Property Sells for $1.25 Million
Advisor: Larry Hawe
Office: Sperry Van Ness/The Group Commercial, LLC (Ft. Collins, CO)

July 31, 2014
AuctionWorks to Host Real Estate Auction August 25-27
Advisor: Diana Peterson
Office: Sperry Van Ness/AuctionWorks (Chicago, IL)

August 1, 2014
Space Still Available at Achievement Park
Advisor: Bradley Gillis, CCIM & Joey Gilkerson
Office: Sperry Van Ness – Miller Commercial Real Estate (Salisbury, MD)

August 3, 2014
Taylor, Bean & Whitaker: Five Years Later
Advisor: Bartow McDonald, IV
Office: Sperry Van Ness Florida Commercial Real Estate Advisors (Ocala, FL)

August 4, 2014
The Sperry Van Ness® Brand Recognized Nationally as 8th Top Property Manager
Office: Sperry Van Ness International Corporation (Boston, MA)

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All Sperry Van Ness® offices are independently owned and operated.

5 for Friday with Joey Godbold of Sperry Van Ness/Percival Partners, LLC

Posted on by SVN

This week, our 5 for Friday features Joey Godbold, Managing Director of Sperry Van Ness/Percival Partners, LLC out of Charlotte, North Carolina.

1. What is your geographic market and product specialty?

Joey Godbold | Managing Director | SVN/Percival Partners, LLC
Joey Godbold | Managing Director | SVN/Percival Partners, LLC

The Charlotte MSA, encompassing ten counties in North Carolina and South Carolina and a population base of 2.3 million, is my primary market area. For investment properties in excess of $1MM, I consider “the Carolinas” to be my extended area. Managing an office with multiple specialties, I try to stay connected with the five major sectors – office; industrial; retail; land; and investment properties. As to my personal practice, I tend to deal in multi-tenant investment properties.

2. What’s your latest best practice tip that you can share?

After you have decided on a specialty, do what it takes to know the players in that field. That may include joining – and being active in – trade associations; LinkedIn groups; SVN Product Councils, etc. Take the time and put forth the effort required to become an expert.

3. What’s been the biggest change over on how you run your business in the past decade?

It used to be that a real estate broker earned a commission, primarily, by introducing a qualified buyer to a reasonably-priced asset. Today, through the Internet, buyer and seller can find each other without our assistance. Therefore, more focus is placed on adding value to the transaction by advising clients and creating a competitive market in order to achieve the desired price level.

4. What business book do you like to recommend to your colleagues?

I just completed re-reading “Goals!” by Brian Tracy and am currently reading “Coaching Salespeople Into Sales Champions” by Keith Rosen. Both are commendable but the point is that we should always be reading something. Reading a so-so book is much better than reading nothing.

5. What’s a fun fact that not everyone knows about you?

I am often accused of having a boating “compulsion.” I do own too many floating vessels.

*All Sperry Van Ness offices are independently owned and operated.

Office Spotlight: Sperry Van Ness/BlackStream Commercial, LLC in Greenville, SC

Posted on by SVN

This week, we turn the spotlight on Sperry Van Ness/BlackStream Commercial, LLC with offices in Greenville and Columbia, South Carolina.

Ford Elliott | Managing Director | SVN/BlackStream Commercial, LLC
Ford Elliott | Managing Director | SVN/BlackStream Commercial, LLC

What has been your strategy for growing your firm and also your market share?

From day one, our strategy at SVN/BlackStream Commercial, LLC has been providing premiere service to our clients. We always go the extra distance to satisfy their needs, making them feel they are getting more by working with us.  Over time, we have built a nice reputation in our market. Our level of service has spread by word-of mouth and business has flourished as a result, garnering more referrals than by any other marketing means. We are generally a 100% referral program, though we are always looking to get new leads through additional avenues. Another strategy we utilize is staying informed, and on top of, trends in the market place. We try to be very innovative and think outside of the box, often presenting sites to our clients that most people may not know about, i.e. The city has plans to put a new park at a certain location.  It is necessary that we have a pulse on our market in order to help our clients understand where the value is, and where it is headed. We also look to the Sperry Van Ness platform whose systems and name recognition have been extremely beneficial for business.

What are some of the unique activities you do to motivate your team? 

Our number one motivation is helping our team understand and hone their respective talents. Once defined, we aim to help them stay focused and specialized by utilizing their best strengths.  We hold a staff meeting every week where we collaborate and share ideas. On the horizon, we plan to have more team building activities.

What’s been the biggest challenge in running your business in the last few years?

The biggest challenge has been recovering from the commercial real estate market downturn. It was difficult with banks not loaning money to investors and the market just not being where it needed to be. As the market has recovered, more and more opportunities have been presenting themselves.

How many Advisors/Staff did you have when you joined SVN? How many (in total) do you have now? 

When we joined Sperry Van Ness we had a staff of  6: 2 Managing Directors, 3 Advisors and an Administrative Assistant. We recently added another Advisor, bringing our team total to 7.

Contact:
Ford Elliott
Managing Director
Sperry Van Ness/BlackStream Commercial, LLC
Greenville & Columbia, SC

*All Sperry Van Ness® offices are independently owned and operated.

Sperry Van Ness® | In the News | July 9 – July 23, 2014

Posted on by SVN

Many of our Sperry Van Ness offices and Advisors are regularly appearing in the news.

The following is a list of some recent media coverage.

 

July 11, 2014
Sperry Van Ness Gryphon Parker and Parker Kruse Asset Management Open For Business
Advisor: Richard Kruse & Shawn Parker
Office: SVN/Gryphon Parker (Columbus, OH)

Albany Park Apartments Fetch $1.7 million
Advisor: Dawn Overstreet, Ph.D.
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

Packaging Properties For Profit
Advisor: Alex Ruggieri, CCIM, MBA
Office: SVN/Ramshaw Real Estate, Inc. (Champaign, IL)

July 12, 2014
Strawberry Fields For Sale
Advisor: Alex Ruggieri, CCIM, MBA
Office: SVN/Ramshaw Real Estate, Inc. (Champaign, IL)

Peek Honored with Wicomico Executive’s Fitness Council Award
Advisor: Chris Peek, CCIM
Office: SVN/Miller Commercial Real Estate (Salisbury, MD)

July 14, 2014
Self-Storage Brokerage Firm Sperry Van Ness Adds Franchise in Greenville, SC
Advisor: Ford Elliott & Carlos Salgado
Office: SVN/BlackStream Commercial, LLC (Greenville, SC)

Real Estate Deals
Advisor: Angela Varga
Office: Sperry Van Ness Commercial Advisory Group (Bradenton, FL)

Developers Circling Around Last 1,500 Undeveloped Acres in Carolina Forest
Advisor: Joe Garrell & Andrew Vicens
Office: SVN/Founders Group (Myrtle Beach, SC)

July 15, 2014
Rosemont’s Sycamore Office Plaza Listed for $8 million
Office: SVN/Walt Arnold Commercial Brokerage, Inc. (Albuquerque, NM)

July 16, 2014
BB&T Sells Foreclosed Offices to Kislak
Advisor: Caroline Camus, MBA
Office: SVN/South Commercial Real Estate Advisors (Miami, FL)

Nearly 500 Apartment Units Planned in Firestone
Advisor: Bill Reilly
Office: SVN/The Group Commercial, LLC (Ft. Collins, CO)

Sperry Van Ness Reports Recent Summer Transactions
Advisor: Mary Ridberg, Rommie Mojahed, Judy Jones, Erin Schrauth, Peter McQuaid, Greg Vanierberghe, Barbara McKenney, Ryan Mojahed, Beau Flahart, Justin Horwitz, Nicole Ridberg, Neil Sherman & Michael Gaida
Office: Sperry Van Ness, LLC (Phoenix, AZ)

July 17, 2014
Why is Content Marketing Important for B2B Marketers? Part 4
Advisor: Diane Danielson
Office: Sperry Van Ness International Corporation (Boston, MA)

SVN | Chicago Commercial Welcomes Tim Franz
Advisor: Timothy Franz
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

Sperry Van Ness Launches Greenville CRE Franchise
Advisor: Ford Elliott & Carlos Salgado
Office: SVN/BlackStream Commercial, LLC (Greenville, SC)

July 18, 2014
Denver Couple Buys Full Circle Ranch B&B in Cave Creek
Advisor: Carrick Sears
Office: Sperry Van Ness, LLC (Phoenix, AZ)

July 19, 2014
Achievement Park Leased in Easton
Advisor: Bradley Gillis, CCIM & Joey Gilkerson
Office: SVN/Miller Commercial Real Estate (Salisbury, MD)

July 21, 2014
SVN Auction Services Expands Presence in Midwest with Addition of New Office in Ohio
Advisor: Richard Kruse & Shawn Parker
Office: SVN/Gryphon Parker (Columbus, OH)

Office Market Vacancies Leap Higher in Q2
Advisor: Patti Peixotto
Office: SVN/Walt Arnold Commercial Brokerage, Inc. (Albuquerque, NM)

July 23, 2014
Undisclosed Bank May Enter Valley Market on Airport Property
Advisor: Chris Baj, CCIM, CPA
Office: SVN/Imperial Realty (Allentown, PA)

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All Sperry Van Ness® offices are independently owned and operated.

Office Spotlight: Sperry Van Ness/Fortune Real Estate in El Paso, TX

Posted on by SVN

Karen Hurd, Vice President of National Franchise Development for Sperry Van Ness International Corporation, recently sat down with Laura Salome, CCIM, Managing Director of Sperry Van Ness/Fortune Real Estate out of El Paso, Texas.  Karen is the host of the Sperry Van Ness (SVN) CEO Roundtable Webinar and invited Laura to join the June Roundtable discussion as a guest speaker. Below is what Laura had to say about SVN.

Laura Salome, CCIM | Managing Director | SVN/Fortune Real Estate
Laura Salome, CCIM | Managing Director | SVN/Fortune Real Estate

Laura, Please tell me about yourself, SVN/Fortune Real Estate and how you came to Sperry Van Ness.

I joined Sperry Van Ness two years ago in December. My father has had Fortune Real Estate for 40 years and when I joined him full time, I knew we were was missing something….I was searching for something bigger than what our little local firm could accomplish. I wanted bigger and national deals, and I knew that an affiliation with a national flag was the answer.  I spent 13 years in California and remembered that Sperry Van Ness was a well recognized brand among a few others.  So I decided to call a few.  In an exhausting interviewing process of several companies, I ultimately chose Sperry Van Ness because it was a national CRE firm where the people make the company.

What did you find different about our SVN Brand versus the other firms you were talking to, and what have you found since you joined?

The model and the culture is different than other models, in that the environment at SVN is much more entrepreneurial in nature.  Of course, we want to stay consistent in our look and there are franchise policies to which we must adhere, but it is very much MY business.  Being affiliated with SVN has empowered me to grow into the direction I want to go.  I have felt empowered since the day I joined and continue to feel that way. There is a high level of professionalism that comes with the Sperry Van Ness name.  There is a certain culture within this organization that is contagious. I joined the group shortly before a national sales meeting which was in Miami.  That trip reaffirmed that I had made the right decision.  The friends and colleagues I met on that trip I still talk to and work on deals together.

What do you find working with other SVN Advisors in other markets?

Collaboration is the key component to get the most you want out of this franchise. Each week I try to talk to at least one SVN colleague either by phone, text, or email…or personal visit, even when I travel. I am a bit of a generalist here in El Paso and partnering up with experts in other cities has most definitely won listings for me.  Mark Alexander from Florida, who is on our Medical Product Council, and I joined forces a little over a year ago on a medical building. I would not have gotten that listing without Mark’s expertise in medical office.  Mark prepared a colorful slide presentation showing the physician medical investment cap rates and the SVN national reach and we won the listing.

This week we just signed a new $2 million dollar listing for a NM Nursery and I partnered with Tim House in Albuquerque.  It was my relationship with a banker here in El Paso that started the lead, but it was the fact that I told him I would partner with a SVN NM colleague that got us the listing.  The client felt comfortable that he was getting a local boots on the ground with a national “army” behind me. It’s fun to partner, and clients feel that we have “reach” , “national appeal” and that we are a “unit”.  This SVN fraternity is a very strong selling point to win listings.

I know you believe in the Compensated Cooperation model and actively participate in our National Sales Call each week.  What do you find most important about these calls?

The National Sales Call is like the backbone of SVN — the SVN Difference.  It’s a 30 minute national sales call held every Monday morning that highlights recent sales made, and Advisors pitch their properties for sale.   Promoting a client’s listing on these calls is a key selling point when I compete for a listing.   No other firm offers these calls!  It’s rare that I don’t get on one of these calls.

How useful have you found the CRE tech tools, systems and platforms offered by SVN?

The tech tools within the company are efficient and streamline marketing efforts.  Each time I need to do a proposal or put a new listing online, I jump on BuildOut which syndicates real time to multiple commercial search engines with a single point of entry automatically.  Our brochures look consistent and professional.  It’s very simple to use and my clients are happy.

Client Look I’ve used from the beginning.  It has the ability to categorize your contact by type.  This feature I find very useful.  If I want to narrow my marketing efforts to “retail developers” or “multifamily”, I can do so.  Virtual Assistant is another very useful feature of Client Look that enters contacts into the system.  You can do this with a phone call while you are driving or even snapping a photo of a business card and emailing it to them.  All of this syncs to your phone and iPad which is great!

SVN Resource Portal is the center of information gathering and posting.   There I can blog on the SVN blog, create postcards for marketing, customize newsletters, see the calendar of events, or just log on to my email.  It’s colorful and easy to navigate.  In today’s world where speed and simplicity is coveted, this tool fits right in.

What SVN Product Councils do you participate in regularly?

There are 14 product councils within the company that are lead by veterans and experts in that asset class type and I am involved in several.  Once a month or so, there are product council calls where ideas are shared, challenges are discussed, and deals are made.  I make it a point to participate each week on the 15 minute Single Tenant Net Lease one that happens right before the Monday Morning Call.  I like it because Peter Colvin creates an environment where everyone feels comfortable to share a quick thought and I always hang up learning something new and it helps create value for my clients, especially the 1031 exchange clients.

Bottom line, the tech systems and tools are some of the best available in the industry, and I leverage them all so I can be more efficient, visible and productive in my business.

What do you like best about SVN?

What I’ve realized is that it’s the people within SVN that make the company.  I’m the kind of person that works best in a collaborative environment and I like to be known within in the company.  SVN is a national CRE company where collaboration thrives — it’s like a family. Clients’ interests are ALWAYS placed above everything else and I like that because reputation is very important to me.  If I can ever help anyone on the call, I’m available anytime for help, advice, deal making, market insight in El Paso or SVN.  Happy to be a resource.  I can be reached at laurasalome@svn.com  or 915.474.0306.

To view the most recent Sperry Van Ness CEO Roundtable Webinar, click here.

To learn more about franchising opportunities, or to join an existing SVN Team, please contact Karen Hurd at karen.hurd@svn.com or 781.812.4272.

*All Sperry Van Ness® offices are independently owned and operated.

Sperry Van Ness® | In the News | June 26 – July 9, 2014

Posted on by SVN

Many of our Sperry Van Ness offices and Advisors are regularly appearing in the news.

The following is a list of some recent media coverage.

 

June 26, 2014
Former Seahawk Brady Quinn Helps Wounded Iraq Vet
Advisor: Tom Hoban & Blake Stedman
Office: Coast/Sperry Van Ness (Everett, WA)

June 30, 2014
SVN Sells Multifamily/Mixed-use Building for $1.7M in Offmarket Deal
Advisor: Dawn Overstreet, Ph.D.
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

Longtime San Mateo Chili’s Becoming Retail Store
Advisor: Rusty Lober
Office: Sperry Van Ness/Walt Arnold Commercial Brokerage, Inc. (Albuquerque, NM)

Leases & Sales: Week of June 30, 2014
Advisor: Martin Perlmutter
Office: Sperry Van Ness/MG Property Advisors, Inc. (San Rafael, CA)

July 1, 2014
Percival McGuire Joins Sperry Van Ness, Rebrands as Percival Partners
Advisor: Joey Godbold & Bob Percival, SIOR, CPM
Office: Sperry Van Ness/Percival Partners, LLC (Charlotte, NC)

Retail’s at a Crossroads in the Recovery
Advisor: Shari Tucker-Gasser
Office: Sperry Van Ness, LLC (Phoenix, AZ)

Sperry Van Ness/Gilmore Auction to Auction New Homes, Lots & Gulf Shores Beach House for New Orleans Bankruptcy Case
Advisor: David E. Gilmore, CCIM, CAI, AARE
Office: Sperry Van Ness/Gilmore Auction & Realty Co. (Kennar, LA)

July 2, 2014
BB&T Sells Miami Lakes Office Condos at 18% Discount to Foreclosure
Advisor: Matthew Rotolante, CCIM, SIOR
Office: Sperry Van Ness/South Commercial Real Estate Advisors (Miami, FL)

Sperry Van Ness International Corporation Adds Franchise in Charlotte, NC
Advisor: Joey Godbold & Bob Percival, SIOR, CPM
Office: Sperry Van Ness/Percival Partners, LLC (Charlotte, NC)

Presbyterian’s North I-25 Move Bumps City’s Office Vacancy
Office: Sperry Van Ness/Walt Arnold Commercial Brokerage, Inc. (Albuquerque, NM) 

July 5, 2014
Doing Business: Movers & Shakers
Advisor: Will Moore, Bob Rich & Chris Peek, CCIM
Office: Sperry Van Ness/Miller Commercial Real Estate (Salisbury, MD)

July 6, 2014
Bulk Office Condo Portfolio Trades For $6,200,000
Advisor: Matthew Rotolante, CCIM, SIOR, Eric Amat & Caroline Camus, MBA
Office: Sperry Van Ness/South Commercial Real Estate Advisors (Miami, FL)

Optimism On the Rise for Buzzing Nokomis Strip
Advisor: Brad Lindberg
Office: Sperry Van Ness Commercial Advisory Group (Sarasota, FL)

July 7, 2014
CSP Dance Studios Boogies into Former Laffs Space
Advisor: Glenn Wright
Office: Sperry Van Ness/Walt Arnold Commercial Brokerage, Inc. (Albuquerque, NM)

Real Estate Deals
Advisor: Tony Veldkamp, CCIM
Office: Sperry Van Ness Commercial Advisory Group (Sarasota, FL) 

July 8, 2014
Bob Rich of Sperry Van Ness-Miller Earns Real Estate License for Delaware
Advisor: Bob Rich
Office: Sperry Van Ness/Miller Commercial Real Estate (Salisbury, MD)

July 9, 2014
Office Still Lags Outside Energy, Tech Markets
Advisor: Albert Lindeman
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

In Focus: Four Tips for Renewing Your Office Lease
Advisor: Stephen F. Graw
Office: Sperry Van Ness/Investec Realty Services (Brentwood, TN)

Former Marigold Indian Restaurant Could Be Replaced by Ramen, Comfort Food
Advisor: Tim Rasmussen
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

Lipsey_2014_Badge

All Sperry Van Ness® offices are independently owned and operated.

Sperry Van Ness® | In the News | June 11 – June 25, 2014

Posted on by SVN

Many of our Sperry Van Ness® offices and Advisors are regularly appearing in the news.

The following is a list of recent media coverage.

 

June 11, 2014
Sperry Van Ness Brokers Sale of Development Site in Chicago
Advisor: Wayne Caplan
Office: Sperry Van Ness Chicago Commercial (Chicago, IL) 

Commercial Corner: What is Placemaking?
Advisor: David Wilk, CRE, MAI & Alex Ruggieri, CCIM, MBA
Office:  Sperry Van Ness Miller Commercial Real Estate (Wilmington, DE) & Sperry Van Ness/ Ramshaw Real Estate, Inc.  (Champaign, IL)

June 12, 2014
Bank-Owned Property Sales Increasing
Advisor: Wayne Caplan
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

Sperry Van Ness International Corp. Adds Franchise in Holland, Michigan
Advisor: David de Maagd & Peter Colvin
Office: Sperry Van Ness/Investment Property Advisors (Holland, MI) 

June 13, 2014
Dormant Office Building Sees Fresh Activity with Renovation Project
Advisor: Tom Skeans, CCIM
Office: Sperry Van Ness | Imperial Realty (Allentown, PA)

Hundreds Expected For Realtor Event
Office: Sperry Van Ness International Corporation (Boston, MA)

June 14, 2014
Sarasota Investor Buys Bradenton Cardiology Building
Advisor: Mark Alexander, CCIM & Bob Morris
Office: Sperry Van Ness (Mark Alexander) (Ft. Myers, FL) & Sperry Van Ness Commercial Advisory Group (Sarasota, FL)

June 17, 2014
How DTZ’s $1.2B Sale Could  Shake Up Chicago
Advisor: Jeffrey Baasch
Office: Sperry Van Ness Chicago Commercial (Chicago, IL) 

DealPoint Merrill Closed Escrow on 325,500 SF for Redevelopment in Columbus-Ohio, Tucson-Arizona and Saginaw-Michigan
Advisor: Mike Gustafson & Mark Mimms
Office: Sperry Van Ness, LLC (Phoenix, AZ) & Sperry Van Ness/DealPoint Merrill Property Corporation (Fresno, CA)

Leases/Leasing Contracts
Advisor: Ben Andrews
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

June 18, 2014
Done Deals: Dirt and retail in Brandon; new restaurant lease in Carrollwood
Advisor: Enon Winkler, CCIM Jad Richa, Deucie Bies & Brian Hunsicker
Office: Sperry Van Ness Florida Commercial Real Estate Advisors (Boynton Beach, FL) 

Sperry Van Ness International Corporation Appoints Diane Danielson Chief Operating Officer
Office: Sperry Van Ness International Corporation (Boston, MA)

NAIOP Arizona Reports Philanthropic Efforts, Achievements
Office: Sperry Van Ness, LLC (Phoenix, AZ)

June 19, 2014
DealPoint Merrill Targets Redevelopment Properties
Advisor: Mark Mimms
Office: Sperry Van Ness/DealPoint Merrill Property Corporation (Fresno, CA) 

June 20, 2014
Business briefs: BB&T selects clubs for Lighthouse project
Advisor: Reid Bennett, CCIM
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

Candelaria Business Center For Sale
Advisor: Joel White, MAI, Patti Peixotto & Hunter Green
Office: Sperry Van Ness/Walt Arnold Commercial Brokerage, Inc. (Albuquerque, NM) 

June 21, 2014
Heron Mural Makes Second Landing
Advisor: Rick Tilghman, CCIM
Office: Sperry Van Ness – Miller Commercial Real Estate (Salisbury, MD)

The Ticker
Office: Sperry Van Ness International Corporation (Boston, MA)

June 22, 2014
Wesley Cox of Sperry Van Ness-Miller presented with Humanitarian of the Year Award
Advisor: Wesley Cox, CCIM
Office: Sperry Van Ness – Miller Commercial Real Estate (Salisbury, MD) 

Walworth County Subdivision, Condo Project Revived After Bank Sells Land
Advisor: Jay Hintze
Office: Sperry Van Ness/The Hintze Group (Glendale, WI)

June 23, 2014
Apartments: Watch the Numbers in Jobs and Units
Advisor: Tony Veldkamp, CCIM, Angela Varga, Linda Emery & Bruce Dilges
Office: Sperry Van Ness Commercial Advisory Group (Sarasota, FL)

Historic Brennan’s Trade Name, Registered Service Marks, Wine Collection & Remaining Assets to be Auctioned July 9
Advisor: David E. Gilmore, CCIM, CAI, AARE
Office: Sperry Van Ness/Gilmore Auctions & Realty Co. (Kennar, LA)

Lipsey_2014_BadgeAll Sperry Van Ness® offices are independently owned and operated.

Office Spotlight: Sperry Van Ness l RICORE Investment Management, Inc. in Cincinnati, OH

Posted on by SVN

This week, we turn the spotlight on Sperry Van Ness | RICORE Investment Management, Inc. with offices in Cincinnati, Ohio.

Rickert_John1. What has been your strategy for growing your firm and also your market share?
We do this by understanding our clients’ investment objectives and formulating strategies to achieve these objectives in the context of the current and anticipated market forces. Specifically, our clients will experience SVN-RICORE’s superior real estate investment modeling, strategic thought process, rent collection and operating expense escalation management, attention to detail, prompt and accurate financial reporting.  We are enhanced by having the brightest and hardest working people join our firm who bring with them their expertise in the market and their specific disciplines.  Having seasoned professionals, we are able to position ourselves as a full service real estate firm, where we can provide professional services for Receivership, Property Management, Investment Brokerage, Leasing and Construction Services, with “Maximum Value and Minimum Risk” for our clients.

We have also implemented the use of our website www.svn-ricore.com for marketing our services and staff along with our properties, and have complemented it with our daily postings of property sales and lease listings on Facebook, Twitter, LinkedIn, Google+, Instagram and Tumblr.  We also regularly advertise in the local Business Journals, Midwest Real Estate News and National Real Estate Investor publications. Our social media marketing initiative has opened up our client base to new avenues of advertising our services from listings to Property and Facility management.  It allows our firm the ability to have interaction with clients in the ‘new media market’ and the property owners are ecstatic to see their properties appear in this medium, along with case studies, well researched market reports and client testimonials.

RICORE2. What are some of the unique activities you do to motivate your team? 
We hold monthly birthday and anniversary cake tastings and go to and participate in events as a group.  We recently held an open house for our new space and invited clients, past, present and future, along with public dignitaries for an evening of food, social time and entertainment.  We have gone bowling, trap shooting, a vineyard and plan on attending a Cincinnati Reds games for team building events.  SVN-RICORE is also pleased to corporately sponsor and participate in many civic, community and philanthropic organizations that make a difference.

 3. What’s been the biggest challenge in running your business in the last few years?
With the downturn then recovery of the Commercial Real Estate market, weathering the storm has been a challenge, however, with well positioned managed properties, accounting services, receivership services, along with a few good investment sales opportunities completed, we have been able to maintain and grow our staff in anticipation of the full boom currently beginning in our market. Bringing in additional staff in this economy for some firms could not have happened, but for us, it was a necessity in order to keep up with the business lines as they were expanding during these years.

RICORE Team4. How many Advisors/Staff did you have when you joined SVN? How many (in total) do you have now? 
In the beginning of our SVN Franchise in 2010 we started with 3 Property Managers, 2 Property Services Administrators, 1 Facilities Manager,  2 Advisors, 1  Brokerage Administrator/Office Manager/Marketing,  2 Construction Staff, and 2 Accounting personnel.

Currently we have 4 Property Managers, 5 Property Services Administrators, 5 Facilities Managers, 9 Advisors, 2 Brokerage Administrators, a Marketing Manager, 3 Construction Staff, and 5 Accounting personnel. We also have a CFO  & Controller to round out our services staff, in addition to the Executive Managing Director.

Increasing our staff has been an integral part to create an environment for well-rounded commercial real estate professionals the ability to provide services to clients that are world class in nature.

Contact:
John Rickert
Executive Managing Director
Sperry Van Ness | RICORE Investment Management, Inc.
Cincinnati, OH

*All Sperry Van Ness® offices are independently owned and operated.

Sperry Van Ness® In the News

Posted on by SVN

Many of our Sperry Van Ness® offices and Advisors are regularly appearing in the news. The following is a list of recent media coverage.

May 28, 2014
Jonathan Levy Joins Sperry Van Ness
Advisor: Jonathan Levy
Office: Sperry Van Ness, LLC (Phoenix, AZ)

People on the Move –  Professional Recognition
Advisor: Rommie Mojahed
Office: Sperry Van Ness, LLC (Phoenix, AZ)

May 29, 2014
Four Multi-family Transactions in Metro Phoenix 
Advisor: Neal Sherman & Carrick Sears
Office: Sperry Van Ness, LLC (Phoenix, AZ)

May 30, 2014
Delayed Recovery
Office: Sperry Van Ness Commercial Advisory Group (Sarasota, FL)

June 1, 2014
H&R Block Leases Former Quiznos Building in Salisbury
Advisor: Brent Miller, CCIM, CPM
Office: Sperry Van Ness – Miller Commercial Real Estate (Salisbury, MD)

June 2, 2014
MF Buyer Inks Healthcare Triple Net Sale-Leaseback
Advisor: Mark Alexander, CCIM
Office: Sperry Van Ness (Mark Alexander) (Ft. Myers, FL)

Business Winners
Office: Sperry Van Ness/Parke Group (Ft. Wayne, IN)

The Wood Shed Restaurant Coming to Central Station’s Retail Space in Evanston
Advisor: Ben Andrews
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

Big Deals: CRE leaders Talk Key Transactions at OBJ Industry Outlook
Advisor: Miguel de Arcos
Office: Sperry Van Ness Florida Commercial Real Estate Advisors (Orlando, FL)

June 4, 2014
Industrial Trends: E-commerce, Reshoring, Post-Panamax
Advisor: Matthew Rotolante, CCIM, SIOR
Office: Sperry Van Ness/South Commercial Real Estate Advisors (Miami, FL) 

Verizon Effect: 5 Businesses Coming to Lake Mary
Advisor: Miguel de Arcos
Office: Sperry Van Ness Florida Commercial Real Estate Advisors (Orlando, FL)

Group Buys Windsor Tract for Development
Advisor: Craig Hau & Robert Hau
Office: Sperry Van Ness/The Group Commercial, LLC (Ft. Collins, CO)

Sperry Van Ness South’s Harrison Klein Earns CCIM Designation
Advisor: Harrison Klein, CCIM
Office: Sperry Van Ness/South Commercial Real Estate Advisors (Miami, FL)

June 5, 2014
Sperry Van Ness International Corporation Adds Franchise in Oklahoma City, OK 
Advisor: Johnathan Russell, CCIM & Drew Dozier
Office: Sperry Van Ness/LandRun Commercial (Oklahoma City, OK)

Sign(s) of the Times as Bank Banners Compete at Chantilly Office Building
Advisor: Kayvan Mehrbakhsh, CCIM, MBA
Office: Sperry Van Ness/SVNMA (Herndon, VA)

June 6, 2014
Investor Buys Bradenton Cardiology Building
Advisor: Mark Alexander, CCIM & Bob Morris
Office: Sperry Van Ness (Mark Alexander) (Ft. Myers, FL) & Sperry Van Ness Commercial Advisory Group (Sarasota, FL)

Storage Firm Buys Vacant Parcel for $1.2 million
Advisor: Wayne Caplan
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

June 10, 2014
Done Deals: A Big Lease in St. Pete; Retail in Wesley Chapel; Prime Dirt in Clearwater
Advisor: Mark Alexander, CCIM & Bob Morris
Office: Sperry Van Ness (Mark Alexander) (Ft. Myers, FL) & Sperry Van Ness Commercial Advisory Group (Sarasota, FL)

Wesley Cox Named Sperry Van Ness’ 2013 Humanitarian of the Year
Advisor: Wesley Cox, CCIM
Office: Sperry Van Ness – Miller Commercial Real Estate (Salisbury, MD)

June 11, 2014​
New Medical Look for SW 17th Street
Advisor: Bartow McDonald
Office: Sperry Van Ness Florida Commercial Real Estate Advisors (Ocala, FL)

Lipsey_2014_BadgeAll Sperry Van Ness® offices are independently owned and operated.

Sperry Van Ness® In the News

Posted on by SVN

Many of our Sperry Van Ness® offices and Advisors are regularly appearing in the news. The following is a list of recent media coverage.

May 1, 2014

Awards and Accolades
Advisor: Justin Horwitz, Neal Sherman, Danny Lee, Rommie Mojahed & Mary Ridberg
Office: Sperry Van Ness, LLC (Phoenix, AZ)

Deli 620 moves to PNC Center in downtown Fort Wayne
Advisor: Whitney Peterson
Office: Sperry Van Ness/Parke Group (Ft. Wayne, IN)

Deal Makers
Advisor: Ryan Imbrie, CCIM
Office: Sperry Van Ness /Imbrie Realty, LLC (Portland, OR)

Done Deals: Apartments sold for $12.3 million
Advisor: Larry Starr & Brad Lindberg
Office: Sperry Van Ness Commercial Advisory Group (Sarasota, FL)

Tomorrow’s Leaders in Retail 
Advisor: Rommie Mojahed
Office: Sperry Van Ness, LLC (Phoenix, AZ)

May 5, 2014

Broward Bank of Commerce Invites Small Business Owners to Learn, Grow and Prosper from Complimentary Event Series Celebrating Small Business Week 2014
Advisor: Les Byron, SIOR, CCIM
Office: Sperry Van Ness Commercial Realty (Ft. Lauderdale, FL)

 Hot Real Estate Office Notches $43 Million in Sales
Advisor: Tony Veldkamp, CCIM
Office: Sperry Van Ness Commercial Advisory Group (Sarasota, FL)

Sperry Van Ness Welcomes Sayavedra
Advisor: Jimena Sayavedra
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

May 6, 2014

Sperry Van Ness sells 26 of 49 condo units in Evanston development
Advisor: Jim Sears & Reid Bennett, CCIM
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

May 7, 2014

Local Sperry Van Ness® Office Ranked #3 in the Nation
Advisor: Larry Starr
Office: Sperry Van Ness Commercial Advisory Group (Sarasota, FL)

$7.25M Evanston Illinois Bulk Condo Sale
Advisor: Jim Sears & Reid Bennett, CCIM
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

Sperry Van Ness® Announces Property Management Survey Results
Office: Sperry Van Ness International Corporation

The Deal Sheet
Advisor: Jim Sears & Reid Bennett, CCIM
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

May 8, 2014

Why Illinois Leads In Sustainability
Advisor: Jimena Sayavedra
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

Providing Value and Increasing Income Through Corporate Real Estate Services
Advisor: David Wilk, CRE, MAI & Alex Ruggieri, CCIM, MBA
Office:  Sperry Van Ness Miller Commercial Real Estate (Wilmington, DE) & Sperry Van Ness/ Ramshaw Real Estate, Inc.

May 9, 2014

Commercial real estate transactions
Advisor: David Dunn, CCIM, SIOR
Office: Sperry Van Ness/Dunn Commercial (Arlington, TX)

May 11, 2014

Sunday’s real estate roundup
Advisor: Mark Alexander, CCIM
Office: Sperry Van Ness (Mark Alexander) (Ft. Myers, FL)

May 12, 2014

MiBiz Growth Report
Advisor: Peter Colvin
Office: Sperry Van Ness/Investment Property Advisors (Holland, MI)

The Deal Sheet
Advisor: Jacquelyn Faranso
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

May 13, 2014

A Trail Helps Open Up a Dallas Neighborhood to New Development
Advisor: Todd Franks
Office: Sperry Van Ness/TJF Investments (Dallas, TX)

Real Estate Briefs
Advisor: Stan Snipes, CCIM, David W. Creed & Stephen F. Graw
Office: Sperry Van Ness/Investec Realty Services (Nashville, TN)

​Sperry Van Ness Advisors Close Several New Retail and Office Transactions
Office: Sperry Van Ness, LLC (Phoenix, AZ)

Positive First Quarter
Advisor: Mary Ridberg
Office: Sperry Van Ness, LLC (Phoenix, AZ)

May 14, 2014

Golden Hill apartment on A Street sold
Advisor: Jim Taylor & Shelly Bird
Office: Sperry Van Ness/Finest City Commercial (San Diego, CA)

May 16, 2014

Family farm expands to Caroline
Advisor: Ben Alder
Office: Sperry Van Ness – Miller Commercial Real Estate (Salisbury, MD)

May 17, 2014

Scene: Budding musicians celebrate at CMS brunch
Advisor: Deborah Skeans, CCIM, MAI
Office: Sperry Van Ness | Imperial Realty (Allentown, PA)

May 18, 2014

Rangers owners buy more land near ballpark from Tom Hicks
Advisor: Clint Montgomery, CPM, RPA
Office: Sperry Van Ness/Visions Commercial (Ft. Worth, TX)

May 19, 2014

USDA to Auction Nine Michigan Apartment Complexes
Advisor: John Johnson, CCIM, ALC & David Gilmore, CCIM, CAI, AARE
Office: Sperry Van Ness/Interstate Auction Management (Atlanta, GA)  & Sperry Van Ness/Gilmore Auction & Realty Co. (Kennar, LA)

May 21, 2014

Vacant industrial building in Alsip sells for $1.1 million
Advisor: Beverly Hayes
Office: Sperry Van Ness Chicago Commercial (Chicago, IL)

May 22, 2014 

Add Value by Using 1031 Exchanges
Advisor: Alex Ruggieri, CCIM, MBA
Office: Sperry Van Ness/ Ramshaw Real Estate, Inc.  (Champaign, IL)

May 23, 2014

Cobblestone Inn & Suites going up in Eaton
Advisor: Cobey Wess & Dan Leuschen
Office: Sperry Van Ness/The Group Commerical, LLC (Ft. Collins, CO)

May 27, 2014

AuctionWorks to Host Real Estate Auction June 23-25
Advisor: Diana Peterson
Office: Sperry Van Ness/AuctionWorks (Chicago, IL)

May 28, 2014

Bankruptcy Trustee Files Motion to Sell Brennan’s Trade Name, Seek Competing Bids
Advisor: David Gilmore, CCIM, CAI, AARE
Office: Sperry Van Ness/Gilmore Auction & Realty Co. (Kennar, LA)

 

2014 Lipsey

All Sperry Van Ness® offices are independently owned and operated.

Sperry Van Ness In The News

Posted on by SVN

Many of our Sperry Van Ness offices and Advisors are regularly appearing in the news. The following is a list of some recent media coverage.

April 30, 2014

Deli 620 moves to PNC Center in downtown Fort Wayne
Advisor: Whitney Peterson
Office: Sperry Van Ness/Parke Group (Ft. Wayne, IN)

April 29, 2014

Broker: ‘Distressed’ Silver Springs hotel sold
Advisor: Bartow McDonald
Office: Sperry Van Ness Florida Commercial Real Estate Advisors (Ocala, FL)

Extraction Oil & Gas leases property in Greeley
Advisor: Dan Leuschen & Steve Kawulok
Office: Sperry Van Ness/The Group Commercial, LLC (Fort Collins, CO)

Premium Valve Services takes space in Loveland
Advisor: Craig Hau
Office: Sperry Van Ness/The Group Commercial, LLC (Fort Collins, CO)

April 28, 2014

Firm gets new $4M home, complete with big rig in the sky
Advisor: Mark Motley
Office: Sperry Van Ness/Motley’s (Richmond, VA)

Justice Brandeis’ boyhood home auctioned for $880,000
Advisor: Bill Menish & Don Erler
Office: SVN Auction Services | ErlerMenish (Louisville, KY)

April 25, 2014

SVN Sarasota Office Receives Award
Advisor: Larry Starr
Office: Sperry Van Ness Commercial Advisory Group (Sarasota, FL)

Sperry Van Ness brokers deal for Midtown Title, INETCO
Advisor: Stan Snipes & David Creed
Office: Sperry Van Ness/Investec Realty Services (Brentwood, TN)

People On The Move
Advisor: Alex Ruggieri
Office: Sperry Van Ness/Ramshaw Real Estate, Inc. (Champaign, IL)

Timeco Systems moves to downtown office
Advisor: Angela Varga & Debra Cooper
Office: Sperry Van Ness Commercial Advisory Group (Sarasota, FL)

April 24, 2014

SVN Awarded at Conference
Office: Sperry Van Ness, LLC (Phoenix, AZ)

Sperry Van Ness closes deals
Advisor: Brad Lindburg, Larry Starr & Gail Bowden
Office: Sperry Van Ness Commercial Advisory Group (Sarasota, FL)

April 23, 2014

Brandeis childhood home up for sale to highest bidder
Advisor: Bill Menish
Office: SVN Auction Services | ErlerMenish (Louisville, KY)

NNN Burger King Trades for $1.65 Million in South Carolina
Advisor: Adam C. Wells
Office: Sperry Van Ness/South Commercial Real Estate Advisors (Miami, FL)

April 21, 2014

Brandeis home being sold at auction
Advisor: Bill Menish
Office: SVN Auction Services | ErlerMenish (Louisville, KY)

April 20, 2014

Louis Brandeis Boyhood Home Up For Auction
Advisor: Bill Menish
Office: SVN Auction Services | ErlerMenish (Louisville, KY)

April 18, 2014

Kevin Maggiacomo, Sperry Van Ness CEO, Delivers a Diversity Idea Worth Spreading at TEDx Orange Coast
Office: SVNIC

April 17, 2014

Sperry Van Ness Pushing Auction Services Program
Advisor: Jerry Anderson
Office: SVN Auction Services

Sperry Van Ness ramps up auction program
Advisor: Jerry Anderson
Office: SVN Auction Services 

April 16, 2014

Patty McClimmans Named as a ‘Top Achiever’
Advisor: Patty McClimmans
Office: Sperry Van Ness Real Estate, LLC (Naples, FL)

Sperry Puts Foot on CRE Auction Pedal
Advisor: Jerry Anderson
Office: SVN Auction Services

April 15, 2014

Sperry Van Ness advisors and staff attend national convention in Texas
Office: Sperry Van Ness/Miller Commercial Real Estate (Salisbury, MD)

 

The Lipsey Results Are In!

Posted on by SVN

SVN ranks #8 in the Lipsey Survey of the most recognized brands in commercial real estate.

The Lipsey Company once again produced their annual commercial real estate brand survey and the Sperry Van Ness brand continues to excel, moving up from last year.

Lipsey_2014_Badge

1. CBRE
2. Jones Lang LaSalle (tie)
2. Colliers International (tie)
2. Cushman & Wakefield (tie)
3. Newmark Grubb Knight Frank
4. Cassidy Turley
5. NAI Global
6. Avison Young
7. CoStar
8. Sperry Van Ness
9. Eastdil Secured
10. DTZ

Click here to see the results of the survey.

*All Sperry Van Ness offices are independently owned and operated.

5 for Friday with David Wilk SVN/Miller Commercial Real Estate

Posted on by SVN
David Wilk, CRE, MAI, with Sperry Van Ness/Miller Commercial Real Estate
David Wilk, CRE, MAI, with SVN/Miller Commercial Real Estate

This week, our 5 for Friday features David Wilk, CRE, MAI, Corporate Real Estate Council Co-Chair and an Advisor with SVN/Miller Commercial Real Estate based out of Wilmington, DE.

1. What is your geographic market and product specialty?
Corporate real estate earnings measurement and optimization, strategic marketing plans for excess or under-productive properties, place-making economic development strategies, and corporate/university real estate’s connectivity to social value creation on a national basis.

2. What’s your latest best practice tip that you can share?
Be a great listener first and always make your conversations with others about the value that you can bring to them whether they are a client, friend, fellow human being, or loved one.

3. What’s been the biggest change over on how you run your business in the past decade?
In today’s market, clients don’t like to pay for consulting or advisory services when most other real estate companies give that service away for future transactions.  If you can’t clearly articulate why you add value to someone’s life, business, or real estate, either re-invent your business plan or don’t expect to win much business.

4. What business book do you like to recommend to your colleagues?
“Blue Ocean Strategy“ by W. Chan Kim or “The Rise of the Creative Class“ by Richard Florida

5. What’s a fun fact that not everyone knows about you?
I developed a “Best of Delaware” restaurant and nightclub called “The Polo Club” in Greenville, Delaware. It was a hot spot from 1988 to 1993 until we sold it to a competitor in 1993.  The Polo Club hosted performances from national recording stars America, Dave Mason, Mamas and Papas (when Papa John was still alive), Drifters, Coasters, Marvellettes, John Sebastian, New Riders of the Purple Sage, Mitch Ryder, and Badfinger. The most interesting takeaway from this business was the marketing and branding benefits to my real estate business that came out of this experience, and the priceless relationships and social intelligence that was gained from those who I met and got to know there.

*All Sperry Van Ness offices are independently owned and operated.

James Blake honored with Charles D. Tandy #CRE award

Posted on by SVN

James_BlakeJames Blake, CCIM, Managing Director for SVN/Summit Commercial Realty, recently received the 2013 Charles D. Tandy Commercial Realtor award, the top honor of the Society of Commercial Realtors. This award was established to recognize commercial realtors who best exemplify the highest in professional standards.

Integrity, leadership and outstanding character are really what this award is about, and no one exemplifies those qualities better than James Blake

2014 SCR Chairman Bill Makens

With more than 28 years of Dallas/Fort Worth commercial real estate market experience, Blake has combined sales and leases in excess of $320 million. While Blake’s shopping center and industrial clients are all across the United States, his focus is retail and industrial income producing properties in the Dallas/Fort Worth metroplex area.
*All Sperry Van Ness offices are independently owned and operated.

5 for Friday with Zach Schwarzmiller with Coast/SVN

Posted on by SVN
Zach Schwarzmiller with Coast/Sperry Van Ness
Zach Schwarzmiller with Coast/Sperry Van Ness

This week, our 5 for Friday features Zach Schwarzmiller, an Advisor with Coast/Sperry Van Ness based out of Everett, WA.

1. What is your geographic market and product specialty?
My geographic market is Washington State. While a strong concentration of our deal flow centers within Snohomish, King, Pierce and Spokane Counties, we are often conducting deals in all four corners of the state. I primarily specialize in assisting clients with the acquisition and disposition of multifamily apartment buildings and/or multifamily land deals.

2. What’s your latest best practice tip that you can share?
At the moment, my best practice tip has been to return to good “old fashion” mailing campaigns with handwritten letters and envelopes. I’ve discovered that handwritten letters have greater success than the standard mailing procedure. Following this practice, clients have opened, read and followed up with me in greater numbers than in prior campaigns.

3. What’s been the biggest change over on how you run your business in the past decade?
I have not been involved in this business for a decade, however, I’ve teamed up with a Senior Advisor, Blake Stedman, who has been involved within this field over the past decade. Our different skills in this business complement each other very well. I add a lot of new tricks and tools in regards to technology, advertising and overall online presence.

4. What business book do you like to recommend to your colleagues?
I enjoy “Gung Ho! Turn On the People in Any Organization” by Ken Blanchard. The principals taught within the book are equally as important to your personal life in addition to your professional business life.

5. What’s a fun fact that not everyone knows about you?
I am a certified pilot and enjoy performing acrobatic stunts. In the past decade, I’ve circumnavigated the globe on both ship and planes. I’ve traveled through 26 countries exploring all continents with the exclusion of Antarctica. During my time traveling around the world, I’ve “couch-surfed” on 52 different people’s sofas. Lastly, I have a pet bunny named Harley, a black lab named Zula, and my fiancée Molly whom I will marry in July 2014.

*All Sperry Van Ness offices are independently owned and operated.

5 for Friday with Ken Rhinehart from SVN/Rich Investment Real Estate Partners

Posted on by SVN
KenRhinehart
Ken Rhinehart, Senior Advisors with SVN/Rich Investment Real Estate Partners

This week, our 5 for Friday features Ken Rhinehart, Senior Advisor with SVN/Rich Investment Real Estate Partners based out of Los Angeles, CA.

1. What is your geographic market and product specialty?
It is what I call the Foothill Retail Corridor. I specialize in retail properties and the geographic region is a collection of about twelve cities and towns along the foothills of the San Gabriel Mountains in Los Angeles County. This is where I have lived, worked, and gone to school. I know the area very well.

2. What’s your latest best practice tip that you can share?
I am excited about having recently joined an SVN Vital Factors Team. In fact, I’m the facilitator. I love it! It really prompts me to focus on the important things I have to do, write them down, and then be accountable to the rest of my team.

3. What’s been the biggest change over on how you run your business in the past decade?
I haven’t been a broker for the past decade, so I can’t say how my business has changed in that regard. However, I started in commercial real estate in 1992 as a commercial appraiser. I’ve seen quite a bit, including investors scooping up properties from the RTC for cheap. Unfortunately, I think a lot of today’s investors that I talk with have long-term memories, and think they are going to pick up properties at RTC prices, but that just isn’t happening.

4. What business book do you like to recommend to your colleagues?
I am currently working through a book called “Fire Your Excuses” by Dr. Bill Dyment. Just like the title indicates, it asks a lot of penetrating questions and presents practical solutions for eight areas of life, including career. It starts with a free assessment on the website (click here).

5. What’s a fun fact that not everyone knows about you?
I am married to a wonderful wife and we have a two year old named Max. I love to BBQ. I also love history, Route 66, philosophy and theology. If time and money were no object, I would be studying philosophy and theology at Biola University.

*All Sperry Van Ness offices are independently owned and operated.

SVN Featured Properties for week of Jan. 21, 2014

Posted on by SVN
Property Location Price Property Type Fee Buy Side
Brink Road Emporia, VA Auction Land 3%
Clarksbury Road Capron, VA Auction Land 3%
Brand Pond Road Capron, VA Auction Land 3%
Former Daymar College Louisville, KY Auction College 2%
Inca Apartments Tampa, FL $890,000 Multifamily $26,700
Parkside Plaza Saline, MI $1,050,000 Retail $31,500
Benton Village Corvallis, OR $1,750,000 Multifamily $43,750
Crescent Mine Sumpter, OR $2,600,000 Mine $52,000
Jack in the Box Lakewood, WA $2,650,000 Retail $53,000
Rite Aid Whitesburg, KY $2,680,000 Retail $53,600
Hotel Development Site Swiftwater, PA $3,690,000 Land $92,250
Bella Rio Apartments Phoenix, AZ $4,250,000 Multifamily $85,000
Shoppes at Chandler Heights Chandler, AZ $5,975,000 Retail $179,250
Doral Professional Center Miami, FL $6,000,000 Office $180,000
Village at Ranch Lake Bradenton, FL $6,950,000 Land $173,750

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*All Sperry Van Ness offices are independently owned and operated.

Marketing Tips for Improving Your Business with Alex Ruggieri

Posted on by SVN
Alex Ruggieri, CCIM, MBA, SVN/Ramshaw Real Estate, Inc.
Alex Ruggieri, CCIM, MBA, SVN/Ramshaw Real Estate, Inc.

Alex Ruggieri, CCIM, MBA, with Sperry Van Ness/Ramshaw Real Estate Inc., recently asked marketing experts how commercial practitioners can improve business in the areas of public relations, branding and social media. In the article that was published by Illinois Association of Realtors, Ruggieri explains that the keys to success are:

  • Put the Power of PR to Work for Your Business
  • Build Your Brand Online
  • Successful Social Media

To read the article in its entirety, click here.

IL Assoc of Realtors

 

 

 

 

*All Sperry Van Ness offices are independently owned and operated.

SVN Featured Properties for week of Jan. 13, 2014

Posted on by SVN
Property Location  Price  Property Type  Fee Buy Side 
Big Lake Lodge & RV Park Okeechobee, FL $750,000 RV Park $22,500
Distressed Extend A Suite Silver Springs, FL $850,000 Hospitality $17,000
12 Renovated Garden Units Baltimore, MD $899,000 Multifamily $26,970
Medical Office Building Lancaster, CA $949,000 Medical Office $23,725
18th Street Mixed-Use Chicago, IL $999,999 Multifamily $29,999
Driver’s Edge NNN Investment Lewisville, TX $1,040,000 Retail $31,200
270 Larkin Drive Wheeling, IL $1,120,000 Industrial $33,600
9612 East Sprague Avenue Spokane, WA $1,199,000 Retail $35,970
Ste. Genevieve Warehouse Sainte Genevieve, MO $1,200,000 Industrial $36,000
Medical Office Lots/Build-to-suite Lewisville, TX $1,659,550 Land $49,786.50
Thousand Oaks Automotive Thousand Oaks, CA $1,795,000 Retail $53,850
825 W. Fulton Chicago, IL $2,249,000 Retail $56,225
A Class Medical Office Building Orlando, FL $2,139,838 Office $42,796.76
1155 Cattleman Road Sarasota, FL $2,500,000 Industrial $62,500
2118Silvercrest Drive Myrtle Beach, SC $2,600,000 Multifamily $52,000
3331 204th  Street SW Lynnwood, WA $2,760,000 Land $82,800
Class A Medical Office Building Orlando, FL $2,704,063 Office $54,081.26
Fully Leased Office Investment Raleigh, NC $2,920,000 Office $87,600
Country Aire Apartments Goodyear, AZ $2,965,000 Multifamily $74,125
Roosevelt Road Development Parcel Wheaton, IL $3,500,000 Land $105,000
Development Land: Nearly 1/2 Acre San Francisco, CA $3,500,000 Land $105,000
Multifamily Portfolio Hayward, CA $4,000,000 Multifamily $100,000
US Government Leased Office Oklahoma Portfolio $4,385,000 Office $175,400
Former Auto Dealership Longwood, FL $5,000,000 Retail $150,000
Marina/Restaurant Venice, FL $9,850,000 Marina $197,000
Carolina Forest Commons Myrtle Beach, SC $12,300,000 Land $215,250

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*All Sperry Van Ness offices are independently owned and operated.