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Coldwell Banker Commercial-Almar Real Estate Group celebrates 4Q success and industrial Deal of the Year 12/16/05 Submitted by Coldwell Banker Commercial® - Almar Real Estate Group, Inc. As published in The San Diego Daily Transcript, December 16, 2005 Coldwell Banker Commercial-Almar Real Estate Group has enjoyed ongoing success throughout 2005, generating a momentum that has prompted remarkable fourth quarter growth. Ranked as the No. 1 national independent affiliate for Coldwell Banker Commercial through third quarter, 2005, the company has capped this year with distinctive achievements, including their number one day of sales in company history and Industrial Deal recognition by the Commercial Realtor's Association, San Diego. Top producers from its La Jolla and Carlsbad offices facilitated six blockbuster closings totaling $186.25 million in consideration, all within a three-week period. Three of these six transactions resulted in the largest single day of sales in Coldwell Banker Commercial-Almar Real Estate Group's six-year company history. Totaling $101.35 million, these three phenomenal deals include Tom Olson and Adam Molnar's $12.95 million sale of two Carlsbad industrial buildings, located at 6200 and 6300 Yarrow Drive, as well as Olson's $3.9 million sale of the 10,866-square-foot Tri-City Ambulatory Surgical Center in Oceanside. The third and most noteworthy transaction implemented by Tom Olson, was the $84.5 million sale of Villages of La Mesa, a 331,576-square-foot luxury apartment complex planned for condominium conversion in 2006. Additional fourth quarter closings that have contributed to the company's success include Adam Molnar and Joe Crotty's $13.4 million sale of the 123,000-square-foot Loker Corporate Center in Carlsbad, and Lou Bulte's sale of the 170-unit Oakwood Mission Valley Apartments at a total consideration $28.6 million. Rounding out their top deals in the $42.9 million sale of Mark II Business Park, which has been recognized as Industrial Deal of the Year. The 18-building, 239,000-square-foot Miramar-area park encompasses 16 total acres of land divided into 22 separate lots. Brokers Tom Olson and Ron Beck, CCIM, spearheaded the sale representing original owner MDC_Mark II who sold the park to a private pension fund advisor. "Our brokers have made some unbelievable strides this year, using their extensive knowledge and diligent research to focus on larger transactions," said Alan Scott, president of Coldwell Banker Commercial-Almar Real Estate Group. "And we will continue to penetrate the San Diego market as the need for commercial properties continues to grow." As the No. 1 independent commercial affiliate of Coldwell Banker Commercial four out of the last five years, Coldwell Banker Commercial-Almar Real Estate Group is continuing to prove that their unique broker-owner structure and high customer service level are what set the company apart from its competition. |
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