CPE Announces the Distinguished Achievement Award Winners

Commercial Property Executive and Multi-Housing News hosted a joint reception on Thursday evening to honor the winners of the 2019 CPE Distinguished Achievement Awards and MHN Excellence Awards. The event was held at 10 Grand Central in New York City.

Now in their ninth year, the CPE Distinguished Achievement Awards recognize the year’s top deals, projects and future leaders. Entries were judged by a distinguished panel of senior industry professionals:  

• Gregg Gerken, executive vice president & head of commercial real estate, TD Bank
• Steven Bandolik, managing director & senior leader, Deloitte Services LP
• Drew Johnson, lead architect, Knotel
• Steven Kurtz, valuation & business managing director, BDO
• Joseph Lauro, managing director & principal, Gensler 

Check out our full coverage of this year’s awards program:

• Read the Digital Magazine
• 2019 CPE Distinguished Achievement Awards: Judges’ Comments
• Saluting the Industry’s Best on a Big Night in NYC
• IN PHOTOS: The CPE/MHN Awards Party
• VIDEO: Inside the 2019 CPE-MHN Awards Party
• Periscope Live 
• Twitter & Instagram: @CPExecutive 

See below for the list of the 2019 CPE Distinguished Achievement Award Winners: 

SALES BROKER OF THE YEAR

Silver: Kevin Shannon, Newmark Knight Frank

Silver: Steven Golubchik, Newmark Knight Frank

Honorable Mention: Doug Banerjee, Greysteel

DEVELOPMENT

Gold: Aventura ParkSquare

• Location: 2950 NE 207^th, Aventura, Fla.
• Developer: Integra Investments
• Property type: Mixed-use (office, retail, hospitality, multifamily, senior living)
• Total project cost: $250 million
• Total area of building(s): 2 million square feet

Silver: Mellody Farm

• Location: 851-1101 Milwaukee Ave., Vernon Hills, Ill.
• Developer: Regency Centers
• Property type: Mixed-use (retail, multifamily)
• Total project cost: $191.2 million
• Total area of building(s): 4 million square feet

INVESTMENT TRANSACTION: PORTFOLIO

Gold: EdR

• Buyer: Greystar
• Seller: EdR
• Property type: Student housing
• Total selling price: $4.6 billion
• Brokerage firms: BofA Merrill Lynch was financial adviser to EdR; J.P.Morgan Securities was financial adviser to Greystar
• Total size of portfolio: approximately 47,000 beds

INVESTMENT TRANSACTION: SINGLE PROPERTY

Gold: Chelsea Market

• Location: 75 Ninth Ave., New York City
• Buyer: Google
• Seller: Jamestown
• Property type: Mixed-use (office, retail)
• Selling price: $2.4 billion
• Brokerage firms involved: Cushman & Wakefield represented the seller
• Total size of building(s): 2 million square feet
• Year built: 1997

Gold: Ferry Building

• Location: One Ferry Building, San Francisco
• Buyer: Hudson Pacific Properties and Allianz Real Estate
• Seller: Equity Office
• Property type: Transit, office and retail
• Selling price: $291 million
• Brokerage firms: Eastdil Secured
• Total size of building(s): 268,018 square feet
• Year built: 1898

Honorable Mention: 3 Becker Farm Road

• Location: 3 Becker Farm Road, Roseland, N.J.
• Buyer: Westwood Properties
• Seller: Normandy Real Estate Partners
• Property type: Office
• Selling price: $17.2 million
• Brokerage firms involved: Newmark Knight Frank represented the seller and procured the buyer
• Total size of building(s): 115,422 square feet
• Year built: 1984; renovated 2013-2014

LEASE

Gold: 430 California Street

• Location: 430 California St., San Francisco
• Property type: Office
• Landlord: Kennedy Wilson and JV partner Takenaka Corp.
• Tenant: WeWork
• Area of lease: 253,000 square feet
• Brokerage firms involved: CBRE represented landlord and tenant

Silver: The Wharf Phase 2

• Location: 690 Maine Ave. SW, Washington, D.C.
• Property type: Office
• Landlord: Hoffman-Madison Waterfront (joint venture of PN Hoffman and Madison Marquette)
• Tenant: Williams & Connolly LLP
• Area of lease: 290,000 square feet
• Brokerage firms: CBRE represented both landlord and tenant

PROPERTY MANAGEMENT

Gold: Anaheim GardenWalk

• Location: 400 W. Disney Way, Anaheim, Calif.
• Property type: Retail
• Owner/investor: STC GardenWalk LLC
• Financier: CTBC Bank
• Property manager: STC Management
• Broker, interior designer: STC Management
• Marketing: Amy Li, Anne Ma, John Hsu

REPOSITIONING/REDEVELOPMENT

Gold: 390 Madison Avenue

• Location: 390 Madison Ave., New York City
• Owner/investor(s): Clarion Partners on behalf of New York State Common Retirement Fund
• Developer: L&L Holding Co.
• Architect: Kohn Pedersen Fox, design architect; Adamson Associates, architect of record
• Property type: Office
• Total size of property: 850,000 square feet
• Rent range before repositioning: $40-$50 per square foot; after repositioning:  $80-$120 per square foot

Honorable Mention: 10 Grand Central

• Location: 155 E. 44^th, New York City
• Owner/investor(s): Marx Realty
• Developer: Marx Realty
• Architect: Studios Architecture
• Property type: Office
• Total size of property: 500,000 square feet
• Rent range before repositioning: $44 per square foot; after repositioning, $72-$120 per square foot

Honorable Mention: TWA Hotel

• Location: JFK Airport, Jamaica, N.Y.
• Owner/investor(s): MCR
• Developer: MCR
• Architect: Beyer Blinder Belle; Lubrano Ciavarra Architects
• Property type: Hospitality
• Total size of property: 600,000 square feet of project space

RISING STAR

Gold: Jennifer Laforest, Cushman & Wakefield

Silver: Alvin Mansour, Marcus & Millichap

Silver: Ben Shapiro, Newmark Knight Frank

UNBUILT

Silver: Harlow

• Location: 1001 N. Seward St., Hollywood, Calif.
• Owner/investor(s): Hudson Pacific Properties
• Developer: Hudson Pacific Properties
• Architect: Rios Clementi Hale Studios; House & Robertson Architects
• Property type: Office
• Total size of building(s): 106,125 square feet

Silver: The Interlock

• Location: 1085 Howard Mill Road, Suite B2, Atlanta
• Owner/investor(s): S.J. Collins Enterprises, Georgia Tech
• Developer: S.J. Collins Enterprises
• Financier: Armada Hoffler
• Architect: Wakefield Beasley and Associates
• Property type: Mixed-use (office, retail, multifamily, single-family, hospitality)
• Total size of property: 301,844 square feet
• Silver: Vermont Corridor

• Location: 510 S. Vermont Ave., Los Angeles
• Owner/investor(s): Los Angeles County Facilities, Inc. (SPE of Public Facilities Group) via 63-20 tax-exempt bonds
• Developer: Trammell Crow Co.
• Architect: Gensler
• Property type: Mixed-use (office, retail)