HFF appoints senior managing directors Charles Halladay and Scott Pertel co-heads of San Francisco office

Charles Halladay

SAN FRANCISCO, CA, Jan. 11, 2017 – HFF announced today that HFF senior managing directors Charles Halladay and Scott Pertel have been appointed to co-head the firm’s San Francisco office. 

Mr. Halladay will be relocating from the firm’s Orange County office to San Francisco, where he will lead the office’s debt placement platform, and Mr. Pertel will oversee the office’s investment sales platform.

Mr. Halladay has more than 12 years of experience in commercial real estate, having worked in HFF’s Orange County office since 2005 as a member of their debt placement team.  

During his tenure with the firm, he has successfully transacted more than $10.1 billion in commercial real estate capitalizations.  

Mr. Halladay currently serves as the president of the California Mortgage Bankers Association (CMBA) and is also active in the Urban Land Institute (ULI).  He attended Southern Methodist University.

Mr. Pertel joined HFF in 2015 and has more than 11 years of real estate investment experience.  As a member of HFF’s investment sales team, he focuses primarily on the West Coast industrial market and the U.S. and Canadian net lease market.  Mr. Pertel is an active member of NAIOP’s San Francisco chapter and served as the president of the organization in 2016.  He received his Bachelor of Arts from the University of Colorado Boulder.

Scott Pertel

“These two young men who are assuming leadership of our dynamic San Francisco office exemplify HFF’s team-oriented culture, work ethic and professionalism,” said HFF senior managing director Michael Leggett, co-head of HFF’s West Coast platform.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | hfflp.com

ohennessey@hfflp.com

HFF appoints senior managing directors Charles Halladay and Scott Pertel co-heads of San Francisco office

Charles Halladay

SAN FRANCISCO, CA, Jan. 11, 2017 – HFF announced today that HFF senior managing directors Charles Halladay and Scott Pertel have been appointed to co-head the firm’s San Francisco office. 

Mr. Halladay will be relocating from the firm’s Orange County office to San Francisco, where he will lead the office’s debt placement platform, and Mr. Pertel will oversee the office’s investment sales platform.

Mr. Halladay has more than 12 years of experience in commercial real estate, having worked in HFF’s Orange County office since 2005 as a member of their debt placement team. 

During his tenure with the firm, he has successfully transacted more than $10.1 billion in commercial real estate capitalizations. 

Mr. Halladay currently serves as the president of the California Mortgage Bankers Association (CMBA) and is also active in the Urban Land Institute (ULI).  He attended Southern Methodist University.

Scott Pertel

Mr. Pertel joined HFF in 2015 and has more than 11 years of real estate investment experience.  As a member of HFF’s investment sales team, he focuses primarily on the West Coast industrial market and the U.S. and Canadian net lease market.  Mr. Pertel is an active member of NAIOP’s San Francisco chapter and served as the president of the organization in 2016.  He received his Bachelor of Arts from the University of Colorado Boulder.

“These two young men who are assuming leadership of our dynamic San Francisco office exemplify HFF’s team-oriented culture, work ethic and professionalism,” said HFF senior managing director Michael Leggett, co-head of HFF’s West Coast platform.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | hfflp.com

ohennessey@hfflp.com

Marcus & Millichap Brokers $1.6 Million Sale of 1,500-SF Avis Budget Car & Truck Rental Absolute-Net (NNN) in Cape Canaveral, FL

Ronnie Issenberg

CAPE CANAVERAL, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Avis Budget Car & Truck Rental Absolute-Net (NNN), a 1,560-square foot net-leased property located in Cape Canaveral, FL. The asset sold for $1,611,000.

  Avis Budget Car & Truck Rental Absolute-Net (NNN) just renewed their lease for an additional five years at 8401 Astronaut Boulevard in Cape Canaveral, FL. 

This is a corporate guaranteed, absolute triple-net lease with 3.5 percent annual increases. The 1.37 acres of land sit in front of State Road A1A, which experiences traffics counts of over 29,000 cars per day.

Ronnie Issenberg and Gabriel Britti, vice presidents investments, along with Pierson D. Tedeschi, associate, in Marcus & Millichap’s Miami office had the exclusive listing to market the property on behalf of the seller, an individual/personal trust.

“The additional Five-year extension on the base term lease, keeping the Option Periods intact, showed the tenant’s commitment to the real estate as an overflow rental facility for the Port Canaveral’s booming cruise industry” says Issenberg.  The asset had multiple full price offers within the first five days of marketing showing the Investor community’s interest in the AVIS / Budget Corporation” adds Britti.

For a complete copy of the company’s news release, please contact:

Kirk A. Felici

First Vice President/Regional Manager

 Miami

(786) 522-7000

Berkadia Closes on 375 Apartments in Huntsville, AL for $9.9 Million

(DONE DEAL PUBLISHER’S NOTE:  In a posted story on Jan. 8, 2017, http://alex-donedeals.blogspot.com/search/label/Berkadia%20Hillside%20Village%20and%20Twickenham%20Village%20Hunstville%20AL%201-8-17

(Berkadia provided the name of the wrong buyer to Vershel Communications for this transaction. Vershel Communications then forwarded that erroneous information to Done Deals. The erroneously-named buyer was McCreary Realty Management of Marietta, Ga. That company states:

(“McCreary Realty Management of Marietta, GA has been misidentified as the buyer in this transaction. McCreary has NOT purchased these developments and has NO business interests anywhere in Alabama.
Michael A. McCreary, CPM, MPM
President/Owner
McCreary Realty Management, Inc.
www.McCrearyRealty.com”

(Done Deals regrets having published this error.)

David Oakley

 Here is the corrected version of that transaction provided by Berkadia:

BIRMINGHAM, AL --- Berkadia recently negotiated the sale of Hillside Village and Twickenham Village located in Huntsville with a total of 375 apartment units for $9,925,000.00 or $26,396 per unit.

Managing Director David Oakley, Senior Directors David Etchison and David Wilson with the Birmingham office of Berkadia Real Estate Advisors, LLC represented the seller, Huntsville-based Hillside Village, LLC and Twickenham Village, LLC.

Hillside Village, with 223 units is located at 4515 Bonnell Drive, and Twickenham Village with 152 units is located at 5001 Galaxy Way. Both apartment communities were built in 1985.

The buyer, Huntsville-based VCP Twickenham LLC, has plans for exterior and interior renovations.

Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry-leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties.

For more information on this transaction, please contact:

  

David Oakley, Managing Director – Alabama, 205.918.0785 x1, David.Oakley@berkadia.com

 David Etchison, Senior Director – Alabama, 205.705.3533, David.Etchison@berkadia.com

 Larry Vershel or Beth Payan, Larry Vershel Communications, 407.644.4142 Lvershelco@aol.com