APPLE DEAL IN MESA EARNS 2ND PLACE FOR BEST SALE – SINGLE ASSET
PHOENIX, AZ (July 7, 2014) – Cushman &Wakefield’s Phoenix Office took top honors in Commercial Property Executive's (CPE) 2014 Distinguished Achievement Awards, which represent leading transactions, strategies and projects that took place in 2013.
Awards were given in eight categories, including Best Lease, Best Sale – Single Asset, Best Sale – Portfolio, Best Financial Structure, Best Development/Redevelopment, Most Effective Repositioning/Turnaround Strategy and Most Innovative Corporate Strategy.
Jim Wilson and Michael White of Cushman & Wakefield of Arizona, Inc. and Nathan Zoucha of C&W's San Francisco office and their submission of Mesa Gateway (sale of First Solar’s new but never used manufacturing facility in Mesa to Apple) won 2nd place for Best Sale – Single Asset.
C&W took 1st place in Best Financial Structure. Dave Karson of Equity, Debt & Structured Finance in New York won for 50 West Street/Time Equities. C&W helped Time Equities Inc. line up a complex combination of financing for the construction of 50 West St. It identified hedge fund Elliott Management and met PNC Bank’s terms with five other participants in a loan syndication.
This year’s judges included Ray Cirz, chairman & senior managing director of Integra Realty Resources; Glenn Brill, managing director of real estate solutions for FTI Consulting; Jay Epstien, chair of the U.S. real estate practice and co-chair of the global real estate practice for DLA Piper; and Marilyn Kane, founding partner & president of Iridium Capital.