Wednesday, December 12, 2018

MCA Realty Expands Southern California Portfolio; Acquires First Property in San Diego County

Aerial photo of 40,990-SF multi-tenant industrial site
2750 Auto Park Way. Escondido, CA
Tyler Mattox

Escondido, CA – MCA Realty, a full service real estate investment and management company based in Orange County, California, has acquired a 40,990 square-foot multi-tenant industrial asset in the North San Diego submarket of Escondido, California. 

The firm acquired the property for $5.9 million.

“We have been extremely active in multiple geographies throughout the Western region over the last several years and are now expanding our portfolio into San Diego with this acquisition and are looking to acquire more assets in the region over time,” explains Tyler Mattox, Principal at MCA Realty.

Tucker Hohenstein
“North County San Diego, in particular, has quickly emerged as one of San Diego’s tightest industrial submarkets.

Industrial vacancy in San Diego overall has remained below five percent since 2015, and this number has manifested itself in consistent rent growth,” says Mattox. 

“Industrial users throughout the region continue to expand in markets such as Escondido, Carlsbad, San Marcos, Oceanside and Vista. This will drive long-term demand for properties and drive rent growth over the next several years.”

Conor Boyle
The multi-tenant industrial property acquired by MCA consists of two buildings with a total of thirteen suites, two of which are vacant. MCA Realty plans to renovate the existing vacant space, as well as update individual suites as leases roll. MCA has also planned some exterior aesthetic upgrades and increased identity signage.

“The rents at the property are currently well-below today’s market, which provides us with strong upside potential,” says Mattox. “Improving and updating the buildings will enable us to quickly lease vacant space and bring remaining rents up to market.”

Jared Gordon
The property is located at 2750 Auto Park Way in Escondido, California. It has strong street visibility with 300 feet of frontage on W. Mission Road and 750 feet of frontage along Auto Park Way.

Tucker Hohenstein and Conor Boyle with Colliers International represented MCA Realty as the buyer. The seller, a private investor, represented themselves.

MCA Realty is a full-service real estate investment and management company specializing in commercial properties throughout the Western U.S.  The goal of the company is to identify real estate investment opportunities and execute value creation strategies that maximize returns to its investors. 

Peter Cheng
MCA Realty's principals, Tyler Mattox, Jared Gordon, and Peter Cheng, have successfully navigated a full spectrum of market conditions, and pride themselves on building and maintaining strong relationships with industry partners.

More information is available at


Lisa James / Lexi Astfalk
(949) 955-7940

Managing director Larry Thiel joins HFF’s Denver office to focus on office investment advisory transactions

Larry Thiel

DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced it has expanded its investment advisory team with the addition of managing director Larry Thiel in its Denver office.  

Mr. Thiel joins HFF from Transwestern, where he was a top performing investment advisory professional since 2010.  Prior thereto, he worked at Grubb & Ellis Commercial Brokerage. 

 Mr. Thiel began his career with Marcus and Millichap.  He is an active member of NAIOP, ULI and ICSC and is a licensed Colorado real estate broker. 

Mark Katz
 Mr. Thiel has a juris doctor from the University of Denver and a Bachelor of Arts in Business from the University of Kansas, where he received All-Conference honors playing football for the Jayhawks. 

“We are excited to welcome Larry to the growing investment advisory team here in Denver,” said Mark Katz, senior managing director and co-head of HFF’s Denver office.  “He has extensive experience and relationships in the Denver region and is a perfect fit culturally for HFF.”


CO Lic. #100074002
HFF Senior Managing Director
(303) 515-8000

HFF Director, Public Relations
(617) 848-1572

Three Members of The Keyes Company Named RISMedia 2019 Real Estate Newsmakers

Christina Pappas

Miami, FL – The Keyes Company is proud to announce that Mike Pappas, Christina Pappas and Billy Nash have been named 2019 Real Estate Newsmakers by RISMedia.

Mike Pappas was selected to the Luminaries category, and Christina Pappas and Nash were named in the Futurists category.

RISMedia is the leader in U.S. real estate news and information services. The exclusive incoming-class was nominated earlier this year by RISMedia readers and editors in eight categories including Futurists, those who are looking beyond the here and now and Luminaries, those who have made their mark on the industry.

Mike Pappas

Mike Pappas is the President and CEO of Keyes. He currently serves as Vice Chairman of the National Association of Realtors Real Estate Services Board and is a board member for LeadingRE, the home of the world's market-leading independent residential brokerages in over 70 countries. He also serves on the Advisory Board for

“I am truly honored to be recognized among such an amazing group of the industry’s best,” said Mike Pappas. “This recognition would not have been possible without our dedicated team at The Keyes Family of Companies and our passion for helping customers complete the life milestone of finding a home to call their own.”

Billy Nash

Christina Pappas, District Sales Manager of Keyes’ Brickell office, is also active in the industry, serving as Secretary of Florida Realtors, the state’s largest professional organization, is a board member of the Miami Association of Realtors and is chair of its Young Professionals Network Leadership Board.

Associate Billy Nash has enjoyed a rapid rise in the luxury real estate industry since joining Keyes just three years ago following more than 20 years working on Wall Street. He is on pace to generate more than $100 million in sales in only three years and 55 million this year alone.

 He also served as host of AWE Network’s season three of “Selling Mega Mansions.”


Jasmin Curtiss
 Account Executive, BoardroomPR
 O 954-370-8999
Bank of America Plaza | 1776 N Pine Island Road
Suite 320 | Fort Lauderdale, FL 33322

Strong Industrial Future Spurs New Phoenix, AZ Commercial Real Estate Firm

Todd Hamilton
PHOENIX, AZ– Supported by the long-term positive outlook for the Phoenix commercial real estate industrial market, industry veteran Todd Hamilton has announced the formation of Citywide Commercial

The new boutique brokerage firm specializes in industrial properties of all types and sizes, in submarkets across metro Phoenix.

“We’re bringing a 23-year book of business under a new umbrella, where we’ll provide everything you would expect from a modern, boutique brokerage firm,” said Hamilton, Citywide Commercial Managing Principal. “That includes a deep understanding of the Phoenix market, a commitment to personal relationships and a fresh, unencumbered approach to the commercial real estate process.”

Services provided by Citywide include property and site evaluations, investment strategies, building acquisitions and dispositions, lease review and negotiations for both tenants and landlords, and marketing strategies.

Adam Shteir
“Our strategic geographic location and the benefits we provide within the product supply chain have given Phoenix a tremendous leg up in its economic development,” said Hamilton. “We’re excited to help clients capitalize on those fundamentals, which from where we stand are bright not only for the Valley but for the entire industrial landscape.”

Citywide is directed by Hamilton, a 23-year commercial real estate industry expert holding designations as both a Certified Commercial Investment (CCIM) and Society of Industrial and Office Realtors (SIOR) member.

 Hamilton has completed more than 25 million square feet of deals in metro Phoenix, focusing largely in industrial sale, lease and investment transactions.

He has also been recognized as a CoStar Power Broker for 15 years, was a CCIM Arizona Chapter Board Member for three years and the president of Arizona Commercial Brokers Association (ACBA) for two terms. Hamilton holds a bachelor’s degree in finance from Arizona State University.

Hamilton is joined by Citywide Principal and Designated Broker Adam Shteir and Citywide Principal Chad Kirkorsky, creating a team that together over the past three years has been involved in more than 930 lease and sale transactions.

Chad Kirkorsky
Shteir specializes in industrial sale and lease transactions, including a decade in property management that gives him a broad understanding of owner, landlord and tenant priorities.

 Prior to this, Shteir spent 16 years as a trader at the Chicago Board of Trade and Chicago Mercantile Exchange. He is a graduate of the Arizona School of Real Estate and Business and holds a Series 7 license.

As an Arizona native, Kirkorsky focuses on the sale and leasing of industrial and office warehouse space, including tenant relocations, expansions and investor acquisitions, and with an emphasis on technology-savvy marketing, site selection and leasing strategies.

 He holds a bachelor’s degree in Biology from the University of Arizona and is a graduate of the Arizona School of Real Estate and Business.

Citywide Commercial Real Estate is located in the heart of the Camelback Corridor at 2122 E. Highland Ave., Suite 335, in Phoenix. For additional information, contact the company at 602.313.1000 or


Stacey Hershauer

NAI Realvest Closes on $300,000 Industrial Condo Sale At Monroe CommerCenter IV in Sanford, FL

Michael Heidrich
SANFORD, FL-- Orlando-based NAI Realvest recently negotiated an industrial condo sale at Monroe CommerCenter IV in Sanford, FL.

   A business consulting firm paid $370,000 for the 3,450 square foot unit at 4280 Church St. 
 NAI Realvest Principal Michael Heidrich and Brad Gifford with NAI Realvest Charles Wayne Commercial negotiated the transaction on behalf of the seller, CKF Laundry Service, LLC based in Jacksonville. 

 Buyer IAG Management Group, LLC with a proprietary mergers and acquisitions process, was represented in the transaction by John Sadri & Company.

Brad Gifford


Michael Heidrich, Principal, NAI Realvest,


 Robin L. Webb, CCIM, CHA, CHB, CRB, CPM, MRICS, Managing Director, NAI Realvest, 

Larry Vershel or Beth Payan, Larry Vershel Communications

JASCO to Merge with Keller Williams Realty Memphis

Jeffrey A. Smith

Memphis, TN  Jeffrey A. Smith, founder and president of JASCO Realtors® announced the merger of JASCO Realtors® with the Keller Williams Realty Memphis office to create one of the largest real estate brokerage offices in the Mid-South with over 300 agents. 

Smith will join the leadership team, overseeing operations under the Keller Williams brand.  

Keller Williams is the world’s largest real estate franchise by agent count with more than 980 offices with 190,000 associates and is number 1 in units and sales volume in the United States.

"We’re very excited to announce the merger of JASCO Realtors® and Keller Williams Memphis, with Jeffrey Smith as a KW leader,” said David Osborn, Keller Williams Operating Partner and Regional Owner. 

“Since 1983, Keller Williams has cultivated an agent-centric, technology-driven and education-based culture that rewards agents as stakeholders.

David Osborn
"Jeffrey has done a remarkable job building JASCO Realtors® as an agent-centric business and is a firm believer in making a difference in the industry. We know this will be a great move for all parties involved and the Memphis real estate market.”  

Inspired to find a method to overcome the compensation hurdles faced by all real estate agents and small business owners, Smith founded JASCO Realtors® in January 2015.

When he started JASCO, Smith became one of the youngest real estate owner-brokers in the United States. Run in the mindset of an agent, his innovative firm has grown from three employees to over 115 with five Memphis-area locations and one in DeSoto County, Mississippi in three short years. 


Patrick Collins

Construction of 289-Unit Apartment Community at The Junction Gets Underway in DeBary, FL

From left: Ted Lightman, Principal CWP; West Costa, investor; Charles Lichtigman, Chairman CWP; Erica Benfield DeBary City Council; Mayor Bob Garcia; Steve Costa, Principal CWP; Mayor-Elect Karen Chasez; Phyllis Butlien DeBary City Council Member, David McDaniel, CEO Integra; Jeff Allebach City of Orange City; Bill Crippin City of Orange City.

DeBary, FL  – An enthusiastic group of DeBary and West Volusia community leaders joined the staffs of Charles Wayne Properties and Integra Land Company earlier this month to officially break ground on Integra 289 Exchange at The Junction

David McDaniel
The luxury apartment community is the first phase of DeBary’s long-awaited town center adjacent to the north leg of the SunRail route.

David McDaniel, founder and principal of Integra Land Co., which is well-known in the Volusia area for quality apartment communities, said not only is this his company’s first transit-oriented project,  “It will also augment the existing Gemini Springs trail system in DeBary that will wind through the landscape of the apartment community that supports the natural environment.” 

CPH Engineers and Architect ACI Consultants are on the Integra team.

DeBary Mayor Bob Garcia
Longtime DeBary Mayor Bob Garcia said he was privileged to lead the City Council who worked tirelessly with Costa and Charles Wayne principals throughout the last 15 years because it serves as the foundation for DeBary’s future growth.   

Incoming Mayor Karen Chasez said “These 289 apartments first and foremost fill an essential niche in the DeBary area and the retail that follows will be a welcome addition for several other surrounding residential developments in southern DeBary as well.”

Shari Simmans, Executive Director of the West Volusia Regional Chamber, said “The diversity of the residential and commercial buildings will create a real hometown center that we have been waiting for in DeBary.”

Steve Costa, principal at Charles Wayne Properties who heads the marketing for the development is in discussions with national grocery chains and a variety of commercial users to complete The Junction’s mix of office, retail, entertainment and residential enhanced by natural amenities. 

Incoming DeBarry Mayor Karen Chasez

“This is a fantastic opportunity for investors, developers, professional firms, and retailers.   The several nearby residential developments underway provide a growing demand for retail, medical, and office space,” Costa said.

Stuart, Fla.-based Seacoast Bank is handling financing for Charles Wayne Properties’ development that will feature 104,000 square feet of retail space including a planned 46,000 square foot major grocery store, as well as restaurants and offices.  Costa is talking to selected builders for the project’s next phase – 150 single family detached homes.
Shari Simmans
The high-profile location of The Junction affords easy access to major arterial highways and international airports via U.S. 17-92, Interstate 4 and SR 417.  The property is surrounded by state parks, with interconnecting trails that extend from Saint Augustine to Saint Petersburg .

  “All this, and it’s just 5 minutes north of the Orlando MSA’s booming Lake Mary office and retail corridor,” Costa said.

Even City Council of Orange City representatives Jeff Allebach and Bill Crippin attended the event to voice their City’s support because “This will help more people ride the SunRail which should in turn help Orange City get a station too,” said Allebach,

Jeff Allebach
 “The development is a great complement that will support and increase ‘ecotourism’ – travel to Southwest Volusia’s trail system, parks and the area’s natural habitats,” according to Crippin.  

Charles Wayne Properties is an industry leader with a 40-year track record as an investor and developer throughout the Southeast having developed and managed grocery anchored shopping centers, freestanding retail facilities, and office and industrial parks. 

Since 1978 the firm has worked with local and national brands in various capacities including brokerage, development, investment sales, tenant representation, property management and receivership.

Please visit for more information.

Bill Crippin

Steve Costa, Associate / Principal, NAI Realvest / Charles Wayne Commercial,

Ted Lightman, Principal, Charles Wayne Properties, Inc., 386-238-3600 or       

Beth Payan, Larry Vershel Communications Inc. 407-644-4142 or