Kerrigan Advisors Represents Continental Motors of Naperville in Sale of Dealerships

Sale of Continental Acura, Continental Audi and Continental Mazda dealerships highlights the strength of the buy/sell market, marks 93rd Kerrigan Advisors-led dealership sale since 2015

Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised Continental Motors of Naperville on its recent sale of Continental Acura, Continental Audi and Continental Mazda. Continental Audi and Mazda were sold to Chicago, Illinois-based Bill Napleton Auto Group, while Continental Acura was sold to Desmond Roberts, owner of Advantage Chevrolet of Hodgkins, Advantage Chevrolet of Bolingbrook and Advantage Toyota of River Oaks, all located in Illinois. These transactions mark the 93rd Kerrigan-led dealership sale since 2015 and the sixth Top 150 Dealership Group Kerrigan Advisors has represented. With this transaction, Kerrigan Advisors is the most active sell-side advisor to the largest dealership groups in the U.S.

“The auto retail industry is tracking toward record profits in 2020,

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Oak Hill Advisors Announces Appointment Of Matt Borstein To Lead The Firm’s Real Estate Investment Activities

Press release content from PR Newswire. The AP news staff was not involved in its creation.

NEW YORK and LONDON, Oct. 22, 2020 /PRNewswire/ — Oak Hill Advisors, L.P. (“OHA”) today announced that Matt Borstein, formerly Global Head of Commercial Real Estate at Deutsche Bank, will join the firm as Partner and lead OHA’s expansion of its real estate investment activities. Mr. Borstein will bring his deep management experience and wide-ranging expertise to build out OHA’s real estate-focused investment team and deploy capital across a range of real estate opportunities including loans, securities and hard assets.

Glenn August, Founder & Chief Executive Officer of OHA, said: “We are excited to welcome Matt into our organization and look forward to benefiting from his exceptional network of relationships, deep insights into evaluating real estate markets and strong track record of performance. We believe there is an extraordinary opportunity

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Institutional Property Advisors Brokers $117.5 Million Multifamily Asset Sale in Tempe, Arizona

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Onnix, a 659-unit multifamily asset in Tempe, Ariz. The property sold for $117.5 million, which equates to $178,300 per unit.

“Proximate to 18 employment corridors and 600,000 skilled professionals, Onnix is representative of the preference for highly amenitized, well-connected locations supported by expanding employment and educational opportunities,” said Steve Gebing, IPA executive managing director. “The community’s location near Tempe’s innovative mixed-use developments supports its prospects for long-term economic vitality.” Gebing and IPA executive managing director Cliff David represented the seller, Bridge Investment Group, and procured the buyer, Western Wealth Capital. Constructed in 1984 on 30 acres at the intersection of Broadway Road and McClintock Drive, the property is near Arizona 101 Loop, Interstate 10, U.S. Route 60, and Loop 202 interchanges. Arizona State University, Tempe Marketplace, and the Mill Avenue and Novus Innovation

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