Members on the Move

Send us your News and Transactions
Did you know that the Members on the Move post is our most viewed and reaches over 1,000 CRCBR members in our Voice Highlights newsletter? We are always looking to recognize our members for their achievements. Please send any recent news or transaction information to thevoice@crcbr.org.

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Congratulations to the following CRCBR members on their recent achievements:

MPV Properties – Bailey W. Patrick and Bailey Patrick Jr.
MPV Properties (MPV) is pleased to announce the sale of a 57 acre residential tract located in east Charlotte at the northeast intersection of W.T. Harris Boulevard and Grier Road. The property was purchased by M/I Homes for $2.1 million at the beginning of March, and the builder plans to develop 140 single family homes in a community they have named, Selwyn Landing. The homes will range from 1,600 to 2,400 square feet and pricing will start from the high $200k’s. Bailey Patrick and Bailey Patrick Jr. represented the Seller in the transaction.

Romans Properties – Chris Orr
Chris Orr of Romans Properties represented the seller in the $6,650,000 sale of the net leased Fresenius Medical located at 150 Park Central Drive in Columbia, SC to a private buyer.

Savills Studley – Savills Studley Announces Corporate Rebranding as Savills
Savills Studley, Inc., today announced that it has rebranded as Savills Inc., effective immediately. This change aligns the U.S. arm of the business with the global platform of Savills plc (SVS.L). The firm has also changed its email and web addresses to reflect the new title (www.savills.us). “The transition builds on our 65-year legacy as the leading tenant advisory firm in the U.S.,” said North American Chairman and CEO Mitchell Steir “From workplace strategy to labor analytics, the needs of occupiers and investors are evolving and growing geographically. This change of our name to Savills reaffirms our commitment to providing comprehensive services and solutions that drive profitability and productivity for our clients, whether they are around the corner or on the other side of the globe.”

2019 Deal Makers Awards Program Recap

CRCBR is proud to recognize over 121 top producers from 2018. This year there were 50 platinum level winners whose individual production credit was over $15 million. Additionally, we had 7 gold award winners who individually produced between $10 million and $14.9 million in individual broker volume credit, 29 silver award winners who produced between $5 million and $9.9 million in individual broker volume credit, and 35 bronze level winners who produced between $2 million and $4.9 million in individual broker volume credit.

Some interesting facts about this years winners:

• Over 3,415 transactions were submitted for a combined broker total volume credit of over 5.6 billion dollars (the highest we’ve ever seen)!
• We had 15 first-time applicants this year.

Overall Top Producer | Top Award Recipients | Developer/Owner Awards | Non Affiliated Broker Awards | Brokers to Watch | 10, 15, 20 Year Participants | Platinum, Gold, Silver and Bronze Winners

 

CRE Investors More Wary of Risk in 2019, But Prefer Secondary Markets Because of Higher Yields, CBRE Survey Finds

By Elaine Misonzhnik

As investors consider their allocations plans for this year, commercial real estate’s stability of income stream is their top reason for investing in the property type, according to the Americas Investor Intentions Survey 2019 put together by real estate services firm CBRE.

Stability of income stream came out on top among the reasons its survey participants listed for continuing to invest in real estate (with 32 percent of respondents picking it,) followed by expectation of better capital value growth compared to other assets and higher yield compared to other assets (both at 20 percent). Asset diversification also made the list, with 16 percent of respondents picking it. Asset diversification seemed to be of particular importance to institutional investors—52 percent of those respondents indicated it was their main motive for investing.

Click here to read more.

American Exceptionalism: A German Perspective on 35 Years as an Entrepreneur in the United States

Click the image below for more information.

CRCBR Corporate Associate Membership Directory Updated

Our Spring 2019 CRCBR Corporate Associate membership directory has been updated. Corporate Associate members are defined as business entities involved in the commercial real estate industry who do not hold real estate licenses yet provide products or services of interest to industry professionals.

If you are in need of any assistance with your commercial real estate endeavors, our Corporate Associate members are the ones to contact. The 2019 directory lists members by company name and by their company specialty.

• To access the directory, follow this link (PDF).

Questions
If you have any questions about the 2018 Corporate Associate directory, please contact the CRCBR offices at info@crcbr.org or by phone at 704-377-8982.

Members on the Move

Send us your News and Transactions
Did you know that the Members on the Move post is our most viewed and reaches over 1,000 CRCBR members in our Voice Highlights newsletter? We are always looking to recognize our members for their achievements. Please send any recent news or transaction information to thevoice@crcbr.org.

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Congratulations to the following CRCBR members on their recent achievements:

Flagship Healthcare Properties – Reed Griffith and Greg McIntosh
Flagship announced that it has completed construction of two 9,000-square-foot medical office buildings in Berewick Town Center, a 1,200-acre master-planned community located eight miles southwest of uptown Charlotte. The buildings are located adjacent to Solis Berewick at the northwest corner of Dixie River Road and Gannon Drive. Flagship acquired 1.89 acres from Berewick’s master developer, Pappas Properties, in late 2017. Partner and Director of Leasing and Brokerage Reed Griffith and Associate Greg McIntosh lead Flagship’s leasing efforts for the property.

MPV Properties, Flagship Healthcare Properties and Heiliger Associates – Robbie (Branstrom) Adams, Clark Alcorn, Will Robertson and Ken Heiliger
MPV is pleased to announce the opening of several new businesses at Reafield, a new retail and office center located near the signalized intersection of Rea Road and Tom Short Road in Union County. Now open for business are Novant Health Psychiatry, Novant Health Primary Care Marvin Creek, Rockbox Fitness, Reafield Dental and America’s Mattress. Other businesses currently under construction are Ultra Nail Bar, Barre 3, Rosati’s Pizza and Andy’s Frozen Custard. MPV Properites’ Robbie (Branstrom) Adams represented the Landlord and Clark Alcorn represented Rosati’s. Will Robertson from Flagship Healthcare Properties represented Rockbox and Ken Heiliger from Heiliger Associates represented Reafield Dental and Barre3.

Romans Properties – Chris Orr
Chris Orr of Romans Properties represented Landmark Dividend (Nasdaq:LMRK) in their $25,450,000 purchase of 5301 NW 33rd Street in Ft. Lauderdale, Florida from a private seller. The 64,000 SF building has a long term lease with Flextential Data Centers headquartered in Charlotte, NC.

Welcome New CRCBR Members

We are proud to introduce our new association members! The following is a list of individuals who have joined CRCBR since February 6:

• Omar Agha, REALTOR®, G Brokerage
• George Karres, REALTOR®, The Nichols Company
• Montgomery Morris. Corporate Associate – Furniture/Office, Alfred Williams & Company
• Daniel Summerlin, REALTOR®, Summerlin Property Group
• Lucas Turnbull, REALTOR®, Gambrell Real Estate Consulting