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May 20, 2014
The Deal Sheet; More from ICSC
What's the next best thing to being on the ICSC floor? Seeing what your colleagues are doing in Las Vegas, but with no sore feet.
Goodwin Commercial prez Pam Goodwin snapped the activity for us. So far, she's played pool with World champion Black Widow at the Bass Pro Shop booth. She tells us she lost, but got a great lesson: stay still when shooting and only move your arm. (We've gotten similar advice from a mime.)
Seale Realty Advisors' Alice Seale, consultant Linda Alexander, Foot Locker southern region VP Rita Dickerson, and Pam.
Here's Southlake-based Champions DFW Realty sales and leasing VP LarryDillon and prez Jim Kelly. Pam (doing great double-duty as a broker and Bisnow correspondent) tells us the guys are working to get more listings, meet with retailers, and sell more property in Southlake.
The Week in Deals
Metropolitan Capital Advisors senior director Sunny Sajnani arranged an $11M permanent acquisition loans on two retail properties, II Creeks Plaza (in Richardson) and Sunrise Plaza (in Brownsville). MCA arranged both transactions for Retail Endeavors Group.
Altschuler and Co promoted Mike Dement to VP. Mike has been with the company for more than two years.
Richmond Collinsworth joined Bradford Commercial Real Estate Services as VP in the office division. He was most recently a VP at TIG.
MCA promoted Gabe Gonzalez to senior director. He joined the firm in 2011.
Campbell Henry joined Spire's brokerage division as director. He was formerly VP of CNL Commercial Real Estate's office leasing and brokerage services teams.
Todd Rodenberg joined Red Capital Group as chief credit officer. He will also serve as chief underwriter for FNMA transactions. Prior to joining Red, Todd served as managing member and consultant for Bene Immobili.
Retail Properties of America entered into an agreement to acquire six multi-tenant retail assets through the dissolution of its MS Inland JV, which owns the portfolio on an 80/20 basis. The company will acquire its partner's 80% ownership interest in the six properties (which includes Lincoln Plaza in Dallas.) The properties have a $293M value. The company will also assume the JV's $142M in-place mortgage financing. The 1.2M SF portfolio and was 95.5% leased.
Venture Commercial's John Zikos and Chris Booras sold a 60k SFformer Albertsons building at 989 N Walnut Creek Dr in Mansfield. The duo repped the seller, Dallas Retail Associates. Lincoln Property Co's Randall Stepp and Clear Fork Properties' Nick Ibarra represented the buyer, Walnut Creek Plaza. In a separate transaction, the duo, along with Venture's Christopher Gibbons, represented Albertsons in the sale of a five-acre tract at the southwest corner of SH 26 and Rufe Snow Drive in Richland Hills to Walmart. The property will be developed for a Walmart Neighborhood Market. The Tom Hudson Co's Tom Hudson represented Walmart Real Estate Business Trust.
Henry S. Miller Brokerage's Grant Brodeur and John St. Clair brokered the sale of approximately 138 acres at the northeast quadrant of Preston Road and FM 120 in Grayson County. Grayson 138 purchased the land from an undisclosed seller. Grayson 138 plans to improve the property, which is in the anticipated future Dallas North Tollway corridor, and hold for future development.
We're a Bunch o' Sexists
How so? Well, because this message is for men only. Ladies, look away. OK, guys, here's the deal: We're having an event June 3 honoring the Top 24 Women in DFW commercial real estate. Everyone is invited, but right now women are dominating ticket sales. What gives, men? You scared? Don't you know the awesome power of women? Are we the only ones who watched Disney's Frozen? Just being in their presence makes you smarter, faster, and better at ice skating. You can spend two hours being a king among queens, a prince among princesses, a Bush among Merkels. Buy a ticket, or the analogies will keep getting worse. Sign up!
Join Us May 29 for Bisnow's Dallas State of the Market
It's almost time for the fifth annual Bisnow Dallas State of the Market event on May 29 at the Westin Galleria. Last year, we were talking budget sequestration and how Uptown, Preston Center, and Legacy were dominating the development. (Funny how some things changed and others are like money in the bank, literally.) Plenty of project talk should be on the agenda from Granite Properties COO Greg Fuller and Beck Ventures prez Scott Beck, as well as Billingsley Co partner Lucy Burns, among the host of commercial real estate titans with they eyes on trends in 2014. Don't hesitate, sign up now.
And the answer is... Castle
After feeding our Serenity/Firefly and Castle obsessions over the weekend, we decided to ask the first reader to accurately tell us who said “never ever call me kitten.” And, Western Front Insurance The Sutcliffe Group principal Steven Sutcliffe was the first to tell us that it was Rick Castle from the TV show, Castle. For his excellent detective work, he wins a ticket to the DFW Power Women event on June 9. You can buy your tickets here.
Earworm for the day: Everything is awesome. Discuss. Sing. Repeat. firstname.lastname@example.org