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R EAL E STATE J OURNAL the most comprehensive source for commercial real estate news
Bradley Gillis represents the seller and Chris Davis represents the buyer Davis & Gillis of SVN-Miller sell $22m of medical office space in 4Q 2015
ISSUE HIGHLIGHTS Volume 28 Issue 2 Jan. 29 - Feb. 11, 2016
ALISBURY , MD — Chris Davis and Brad- ley Gillis, CCIM , both senior advisors with SVN – Miller Commercial Real Es- tate in Salisbury, MD settled four medical office deals in the fourth quarter of 2015, total- ing over $22 million in value. The medical spaces are located throughout Maryland and Delaware. In all four transac- tions, Gillis represented the seller and Davis represented the buyer. The properties are as fol- lows: 29,000 s/f located at the Delmarva Health Pavilion in Millsboro, DE, a 22,000 s/f medical building located within Woodbrooke Medical Park in Salisbury, MD, 9,900 s/f in the Bridgeville Medical Center in Bridgeville, DE, and 9,850 s/f of medical space within the Georgetown Medi- S WASHINGTON, DC — Rubenstein Partners, LP , in partnership with an entity of Trammell Crow Company , announced the closing of a $15 million senior secured loan commitment for Maryland Trade Center III, a 192,000 s/f class A office property. F irst Niagara Bank, N.A. is providing the new loan facility. Maryland Trade Center III is located at the intersection of the Capital Beltway and MD 295, within the Greenbelt
SPOTLIGHT Economic Development 9-14A
Landmark Comm’l Realty reps. buyer in $15.2m sale of 173-unit complex
Cambridge Village
SVN-Miller medical office portfolio ter and Bridgeville Medical Center are income-producing properties, occupied by either
cal Center in Georgetown, DE. Delmarva Health Pavilion, Georgetown Medical Cen-
Peninsula Regional Medical Center or Nanticoke Memorial Hospital. n
15A
Rubenstein Partners & Trammell Crow announce $15m financing for Maryland Trade Center III
For speaking and sponsorship information, please contact: Linda at 781-871-3456 or [email protected] Multifamily Conference FEBRUARY 11, 2016 NJ Industrial Real Estate and Development Summit MARCH 18, 2016 NJ Land Development Summit UPCOMING CONFERENCES FEBRUARY 5, 2016 PA Apartment &
submarket of Washington, DC. The Rubenstein / Trammell Crow partnership is leas- ing the office space following a significant modernization project. Recent building reno- vations include modernization of the lobby and upgrades to restrooms & building systems. The ownership previously extended a lease with PNC for a 2,675 s/f bank branch on site and transformed it into a separate condominium, which was sold to a net lease investor in 2015. The new loan commitment, which has a term of up to five years, provides for future funding associated with con- tinued leaseup. A CBRE debt placement team led by David Webb and Erik Binkowski represented the Rubenstein / Trammell Crow partnership in securing the loan. “In partnership with Tram- mell Crowwe are continuing to execute our plan to add value to Maryland Trade Center III and we are pleased to grow our relationship with First Niaga- ra through this transaction,” said Scott Whittle , director of finance for Rubenstein. n
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Upcoming Spotlight February 12, 2016 AUCTIONS & AUCTIONEERS
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Maryland Trade Center III
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M id A tlantic Real Estate Journal
M id A tlantic R eal E state J ournal Publisher .................................................................Linda Christman Publisher ....................................................................Joe Christman Senior Editor/Graphic Artist ..................................... Karen Vachon Production Assistant/Graphic Artist ............................... Julie King Associate Publisher ................................................. Alissa Aronson Associate Publisher .............................................. Barbara Holyoke Associate Publisher .....................................................Steve Kelley Office Manager .........................................................Joanne Gavaza Contributing Columnist . ........................................... Michael Mullin Mid Atlantic R eal E state J ournal ~ Published Semi-Monthly Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, 312 Market St. Rockand, MA 02370 USPS #22-358 | Vol. 28 Issue 2 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
Michael Mullin
Cybercrime: The Importance of Knowledge, Preparation &Vigilance yber-safety, a common term used to describe a set of practices, mea- sures and/or actions that pro- tect technology and informa- tion from attacks, is a hot topic in business these days. Every company – whether large or small – is a target for cyber- crime, and being prepared and vigilant has become an absolute necessity. Understanding security threats is a good place to start. Today’s most common issues span five basic categories: •Viruses, which infect com- puters through email attach- ments and file sharing, can delete files, attack other com- puters and make systems run slowly. •Hackers are people who “trespass” into computers from remote locations. They can then cause the breached machine to malfunction, or use it to host a website, send spam or spread viruses. •Identity thieves obtain un- authorized access to personal information, such as social security and financial account numbers. They can then use this information to commit crimes such as fraud or theft. •Spyware, which is software that piggybacks on programs that are downloaded, gathers information about a user’s online habits and transmits personal information without their knowledge. •Ransomware is a more recent – and rapidly grow- ing – threat. Perpetrators restrict access to software programs and files, most of- ten by encrypting them, and then demand that the users pay a ransom to remove the restriction. These issues are serious, and they are becoming more prevalent. Symantec, a cyber- security tool provider, re- ported that security breaches increased by 23 percent in 2014. More than 317 million new pieces of malware were created, averaging to nearly 1 million new threats each day. For businesses, the reality of a security breach can be devastating and costly. An IBM study found the “aver- age consolidated total cost of a >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48
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