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  • Realty & Development Advisors, L.L.C.
  • 8814 Horizon Blvd. NE #400
  • Albuquerque, NM 87113

News

C&S broker honored for Deal of the Year under $1MM

Sep 19, 2016
Stephanie Guzman-Barrera
Albuquerque Business First

When the average person thinks of commercial real estate, they may only pay attention to the transactions attached to big names — a lease with a national retailer, or a big Downtown building sold.

But there are so many other real estate transactions that have a big impact based on other factors, such as how much work went into closing the deal or a deal that finally closed after the project was on the market for years.

Two commercial real estate organizations, Certified Commercial Investment Members New Mexico chapter and Commercial Association of Realtors New Mexico, honored two of the best deals during the last year.

The two organizations held a gala for local commercial real estate brokers Sept. 15 at Albuquerque Marriott.

CCIM members recognized Brandon Saylor with Colliers International for a deal under $1 million. Saylor represented the property owner of a 10,000-square-foot industrial building at 500 Menaul Blvd. NW.

Saylor said the deal was memorable because he had the property listing for 31 months. The property was purchased by McElroy Metal Inc., represented by Barbara Haase of Cauwels & Stuve Realty , for an undisclosed price.

"This one was a tough one in the sense that there were a lot of people interested and we got a lot of calls on it, but not everyone had the money to do something with it," Saylor said.

For the deal of the year over $1 million, CCIM recognized Walt Arnold of SVN | Walt Arnold Commercial Brokerage and Larry Ilfeld of SVN Commercial Real Estate Advisors for selling the former First Community Savings Bank building at 100 N. Guadalupe St. in Santa Fe.

The building, which had a low occupancy rate, was purchased by two local entities, Phase One Equity and Firestone 100 LLC, for $2.4 million in May. Tim House with SVN/ Team Southwest represented the buyers.