Selway Apartments: SOLD!

Mike Greene, CCIM, and Michael Keller, SIOR, CCIM presented the Selway Apartments for sale in late summer 2012. Situated on 10.10 acres in the popular area of Ten Mile and McMillan in Meridian, Idaho, Selway Apartments are a 161,108 square foot residential apartment community consisting of 171-garden-style units built in 2009. The owner/developer had a loan maturing and wanted to either sell or refinance. Read the rest of entry »

Ram Plaza: A Case Study in Brokerage & Management Owner Representation

December 2012: Ram Plaza, an attractive 16,181 square foot unanchored retail strip center is located on Broadway Avenue, close to downtown Boise, Parkcenter’s prestigious business parks and the Boise State University campus. This highly visible center enjoys a strong daytime population but in 2008, the project and its tenants were significantly impacted by the recession that gripped the local and national economies. Read the rest of entry »

Stonehenge Plaza Sale and Property Management

In December 2010 Stonehenge Plaza, a 51,000 SF multi-tenant retail building in Meridian, Idaho, entered foreclosure. In January
2011, after preparing an extensive Opinion of Value for the national bank which now owned the property, John Stevens, CCIM of
Thornton Oliver Keller was assigned the representation for listing the property for sale. Additionally, Thornton Oliver Keller was
engaged as the property manager. Read the rest of entry »

Cottonwood Plaza Owner Representation - Case Study

In November 2009, after completing foreclosure proceedings against a local investment group, Well Fargo Bank owned the 50%
vacant, 48,125 square foot multi-tenant retail center, Cottonwood Plaza. Interested in liquidating this asset, the bank requested and
received a Broker Opinion of Value from John Stevens and Mike Keller of Thornton Oliver Keller. Thornton Oliver Keller estimated
that the center would sell in a range between $2.835 million and $3.382 million and that the highest and best offer would likely be
an owner-user. Read the rest of entry »

Eagle Capital Building Property Management and Disposition - Case Study

In July of 2010, a local lender foreclosed on the Eagle Capital Building, a 22,300 SF multi-tenant office building in Meridian.
Thornton Oliver Keller was engaged to handle the property management, leasing and disposition of the building. The property was
particularly challenged in that the former owner had leased space to a use that was extremely disruptive to the other tenants. This
disruptive use had contributed, along with the economy, to a drastic decline in the occupancy of the building. Read the rest of entry »