The Winners: CPE’s 2012 Distinguished Achievement Awards
- Jun 29, 2012
The results are in! CPE is pleased to announce the winners of the second-annual Distinguished Achievement Awards, recognized for their ability to complete deals and projects in the face of last year’s recovering economy. This year, we accepted submissions in six categories, and our judges selected winners in five of them: Best Lease, Best Sale (with separate consideration for single assets and portfolios), Best Financial Structure, Best Development/Redevelopment and Most Creative Repositioning Plan.
The winners are as follows:
First Place: CBRE Group Inc. for placing Conde Nast at One World Trade Center, New York, N.Y.
Second Place: CBRE Group Inc. for placing EverBank at 301 W. Bay St., Jacksonville, Fla.
Best Sale—Single Asset:
First Place: Brookfield Office Properties for selling 1400 Smith St. in Houston to tenant Chevron and extending its nearby lease.
First Place: Cassidy Turley for its representation of Washington Real Estate Investment Trust in the sale of 56 buildings in the Metropolitan Washington, D.C., area to AREA Property Partners and the Adler Group.
Second Place: Cornish & Carey Commercial Newmark Knight Frank for its representation of Roche in its sale of the company’s Palo Alto campus at 3431 Hillview Ave. in Palo Alto, Calif., to VMware.
First Place: Trammell Crow Co. and Principal Real Estate Investors for the development of Hess Tower in Houston.
Second Place: Duke Realty and Northwestern Mutual Insurance for the development of Baylor Charles A. Sammons Cancer Center at Dallas.
Most Creative Repositioning Plan:
First Place: Jones Lang LaSalle Inc. for marketing and successfully leasing up One Front St. in San Francisco.
Best Financial Structure:
First Place: Lance Capital L.L.C. for arranging and CGA Capital Corp. for providing tenant improvement financing to GFI Development, Starwood Capital and The Carlyle Group in their lease to the New York City Human Resources Department at 470 Vanderbilt Ave. in Brooklyn, N.Y.
Second Place: Centerline Capital Group for its arrangement of a Freddie Mac preferred equity structure for a complex joint venture of funds that through the entity Magazine Investors L.L.C. owned and sought to sell eight properties in the Virginia and Maryland suburbs of Washington, D.C., known as The Point DC Portfolio.
The judges included Jay Epstien, partner with DLA Piper, chair of its U.S. real estate practice and co-chair of its global real estate practice; Josh Herrenkohl, real estate advisory investment services leader with Ernst & Young L.L.P.; Scot Hileman, director with Deloitte Financial Advisory Services L.L.P.; Ryan Severino, senior economist with REIS Inc.; and Carl Weisbrod, clinical professor and academic chair of global real estate in New York University’s Schack Institute of Real Estate and former president of Trinity Real Estate.
You’ll find more on these award winners in the July 2012 issue of CPE. You may also want to view the slideshow of photos, aerial views and floorplans, and the video featuring observations from our judges.