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NEW YOR, NY, May 22, 2023 — Keen-Summit Capital Partners LLC, a leading real estate brokerage and workout firm and investment banking firm specializing in special situations including restructurings, bankruptcies, receiverships, proudly announced today that Senior Managing Director Christopher Mahoney and Vice President Heather Milazzo are the winners of the Q1 2023 CoStar Quarterly Deals Award, which honors the very best transactions in commercial real estate every quarter by CoStar Group (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces.
Both were intimately involved with Keen-Summit’s sale of the WC Braker portfolio, which involved the thirteen single-story office/flex buildings and one retail strip center in one of the city’s hottest markets, Austin, TX. Despite a challenging first quarter marked by uncertainty over interest rates, cap rates and the viability of the office sector, Keen-Summit brokered the deal for $102,250,000, representing a nearly 36% increase over the $75.5+ million stalking horse credit bid by the secured lender.
“Christopher and Heather’s dedication, perseverance, and exceptional work ethic were truly instrumental in securing the WC Braker deal for Keen Summit. Their tireless efforts and unwavering commitment to excellence serve as a shining example of what can be achieved when passion and talent come together,” said Harold Bordwin, Principal and Co-President of Keen-Summit. “Their contribution to this achievement is truly commendable, and they have set a benchmark for future successes.”
“Their hard work, determination, and strategic planning have played a crucial role in the achievement of this milestone, and it is gratifying to see their efforts receive industry recognition,” said Matthew Bordwin, Principal & Co-President of Keen-Summit. “They truly deserve appreciation and acknowledgment for their exceptional performance, which generated over 260 prospects and eight qualified bids.”
With over 30 years of real estate advisory and transactional experience, Christopher Mahoney has expertise in workouts and restructurings and specializes in the development and implementation of strategic real estate plans for his clients. He has overseen the disposition of multi-million-dollar real estate portfolios and large single property assignments of all property types and managed several large lease renegotiation projects across all client types.
Heather Milazzo has been an integral part of the Keen-Summit team for over a decade, and during this time, she has consistently demonstrated her expertise in marketing, operations, and project management. Heather leverages her marketing and public relations expertise to develop creative marketing plans to help promote disposition of properties in bankruptcy and complex situations. She has demonstrated an innate ability to understand new markets and expertly identify and communicate the features of property that might be overlooked by an investor.
About Keen-Summit Capital Partners LLC
Keen-Summit Capital Partners LLC is a real estate brokerage and workout firm and an investment banking firm specializing since 1982 in special situations (i.e., restructurings, bankruptcies, receiverships, etc.) with offices in Manhattan and Long Island, NY and Chicago. Keen-Summit represents property owners, retail and commercial tenants, commercial and industrial businesses, investors, developers, and creditors across various industries. Clients benefit from its reputation for excellence and integrity, extraordinary industry experience, in-depth market knowledge, time-tested business approach, deep industry relationships, workout and bankruptcy expertise, and exceptional execution capabilities. For more information about Keen-Summit, call 646.381.9222 or visit www.keen-summit.com.
About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online with over 7 million monthly unique visitors. Realla is the UK’s most comprehensive commercial property digital marketplace. The Apartments.com network, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group’s websites attracted an average of approximately 69 million unique monthly visitors in aggregate in the third quarter of 2020. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,300 worldwide, including the industry’s largest professional research organization. For more information, visit www.CoStarGroup.com.
