#1 Top Producers – Lambeth & Noel; #1 Team – Hahn, Sherman & Koskovich Rookie of the Year – Westfall

Phoenix, AZ – Colliers International in Greater Phoenix announced its 2015 Top Producers, Top Teams and Rookie of the Year.

“The success of these professionals represents the valuable results they produced for our clients across all sectors,” said Bob Mulhern, managing director of Colliers in Greater Phoenix. “We congratulate our 2015 Top Producers on their exceptional achievements and thank them for their hard work and dedication.”

Executive Vice Presidents Keith Lambeth and Todd Noel, CCIM, ranked as the #1 Top Producers and #2 Team. The duo specializes in the sale and leasing of office properties throughout metro Phoenix, with expertise in tenant and landlord representation, investments, build-to-suits and land.

Executive Vice Presidents Bill Hahn, Jeff Sherman and Trevor Koskovich ranked as the #1 Team. The team specializes in the evaluation, acquisition and disposition of investment-grade, income-producing multifamily properties and portfolios across the Southwest.

Sean Westfall, associate, was named the “David L. Hallstrom Rookie of the Year”. Westfall specializes in healthcare real estate and is a member of the national Healthcare Services Group. “Sean is a talented young broker whose efforts have earned him this honor,” said Mulhern.

A complete list of the 2015 Top Producers and Top Teams follows:

Top Producers in Greater Phoenix
#1:       Keith Lambeth and Todd Noel, CCIM, executive vice presidents, office properties
#2:       Cindy Cooke, senior executive vice president, multifamily investments
#3:       Trevor Koskovich and Jeff Sherman, executive vice presidents, multifamily investments
#4:       Don MacWilliam and Payson MacWilliam, executive vice presidents, industrial properties
#5:       Brad Cooke, senior vice president, multifamily investments
#6:       Bill Littleton, SIOR, MCR, SLCR, senior executive vice president, corporate solutions
#7:       Bill Hahn, executive vice president, multifamily investments
#8:       Paul Sieczkowski, SIOR, executive vice president, industrial properties
#9:       Philip Wurth, senior vice president, office properties
#10:     Kim Soulé, senior vice president, investment services
#11:     Rob Martensen, SIOR, CCIM, industrial properties
#12:     Matt Fitz-Gerald, vice president, office properties
#13:     Ryan Timpani, vice president, office properties
#14:     Tivon Moffitt, senior vice president, investment services; and Peter Bauman, vice president, investment services and co-chair, Net Lease Group
#15:     Charles Miscio, executive vice president, office properties

Top Teams in Greater Phoenix
#1 Team: Multifamily investment team of Bill Hahn, Jeff Sherman and Trevor Koskovich, executive vice presidents; Arsen Aminov, marketing coordinator; Nathan Bruer, marketing associate; Jesse Hudson, research associate; and Hannah Olson, marketing assistant

#2 Team: Office properties team of Keith Lambeth and Todd Noel, CCIM, executive vice presidents; Ryan Timpani, vice president; Kyle Campbell, associate; and Shannon O’Keefe, marketing specialist

#3 Team: Multifamily investment team of Cindy Cooke, senior executive vice president; Brad Cooke, senior vice president; Charles Wolcott, financial analyst; Gerda Kauks, marketing coordinator; Kellyanne Kennedy, transaction coordinator

Tucson, AZ – Tolu Real Estate, Inc., Jason Tolu, principal, paid $9.5 million ($47,264 per unit) to buy the 201-unit La Mirada apartments located 4415 E. Grant Road in Tucson, Arizona. The seller was a limited liability company formed by Chris Monson, principal. The complex was built in 1973 and renovated in 2007.

The deal was brokered through Bill Hahn, Jeff Sherman and Trevor Koskovich (HSK) of Colliers International in Phoenix. Pima County records show the buyer acquired the property with a new loan issued by Opus Bank of Phoenix, Arizona.

Phoenix, AZ – Phoenix Avalon LLC, (Zev Hendeles, principal) paid $8.35 million ($71,368 per unit) to buy the 117-unit Avalon apartments located 3851 N. 28^th Street in Phoenix, Arizona. The seller was Westwood Management LLC, (Stephen Davis, principal). The complex was built in 1973.

The deal was brokered through Bill Hahn, Jeff Sherman and Trevor Koskovich (HSK) of Colliers International in Phoenix. Maricopa County records show the buyer acquired the property with a new loan issued by Artemis Realty Capital of Phoenix, Arizona.

For more information, reach the Colliers HSK Multifamily Team at 602.222. 5000.

California Investors, Equity Advantage, Inc., in a 1031 exchange bought the value-add La Mirada Apartments at 4415 E Grant Road in Tucson for $9.41 million ($46,816 per unit) in Northeast Tucson.

The 192,440-square-feet, two-story apartment community built in 1973, comprising 201 rental units and was 75% occupied at time of sale. The unit mix is approximately 92% two-bedroom, and 8% three-bedroom units. Construction is of block, with built-up roofs. Heating and cooling is provided by individual ground-mounted HVAC units. The utility costs associated with heating and cooling are the responsibility of the tenant. The property is individually-metered for electricity, and the costs associated with usage inside the dwelling units are the responsibility of the tenant. Hot water is provided by solar powered heaters with a back-up commercial boiler. The property also contains a cell tower that does not convey with the property.

The property is situated on the north side of Grant Road, a major east-west thoroughfare of Tucson. Several schools are located within a one mile radius of the property including John B. Wright Elementary, Dodge Middle School and Catalina High School.

Tucson –based Grindstone Property Management will manage the community for the new owner.

Bill Hahn, Jeffrey Sherman and Trevor Koskovich with Colliers International in Phoenix represented the seller, 4415 East Gant Road LLV (Chris Monson) or Tucson.

Joe Chaplik of Joseph Bernard Investment Real Estate of Portland, Oregon represented the buyer.

Hahn can be reached at 602.222.5105, Sherman is at 602.222.5109, and Koskovich can be contacted at 602.222.5145. Chaplik can be connected with at 503.546.9390.

To learn more see RED Comp #3452.

In a separate transaction, the Bellevue Tower Apartments at 3710 E Bellevue Street in Central Tucson sold for $4 million ($44,444 per unit) to another California investor, Bellevue Towers Tucson, LLC in a 1031 exchange.

New to the market, Bellevue tower is a unique infill apartment property located in central Tucson just 2 miles east of the University of Arizona and north of Speedway Blvd, one of Tucson’ s main throughways. The 96,288-square-foot property is a combination of a 4 story elevator served tower, two buildings of two story garden style flats and two buildings of townhome style 2 story units. It is built with sturdy block construction and well maintained. Bellevue offers some of the largest unit sizes in the submarket and some of the largest units in Tucson with an average unit size of 1,070-square-feet. With large unit sizes and only 12 one bedroom units the property caters to families, and has many long term tenants and a relatively low tenant turnover rate.

The property sold stabilized with a 96% occupancy.

Bob Kaplan and Brandon Kramer with Marcus & Millichap in Denver represented the seller, Olympic View Properties of Washington.

The buyer was represented by Alex Garcia with Marcus & Millichap in Ontario, California.

Kaplan should be reached at 520.271.2304 and Kramer is at 605.390.1248.

To learn more see RED Comp #3416.