Author: admin-eric

 

Connecticut CCIM Chapter Holds Successful Case Study Mixer at Quarry Walk Development

· News

April 28, 2022

Oxford, CT

The Connecticut CCIM Chapter recently held a successful case study and mixer event at Quarry Walk in Oxford, Connecticut. The event pulled nearly 50 real estate professionals from across the state and was held in the gorgeous “Residences at Quarry Walk”. Attendees enjoyed an intimate discussion with developer Tom Haynes and Kathy Ekstrom, Development Manager for Haynes Group. They spoke on how the project came to be and struggles along the way, including the complete destruction by fire of the residence building just prior to occupancy. The group also learned how CCIM CI102 concepts and tools were applied in making the Quarry Walk development a success. The group also learned how CCIM board member and instructor, Stanley Gnizadowski, CRE, CCIM, played a major role showing the market demand and feasibility for such a project of this scale. Discussion highlighted the vibrant retail, medical and office tenant mix and how the project created an exciting town center for Oxford. The event concluded with tours of several luxury residential units available for lease. 

Amodio & Co Welcomes Frank Amodio, Jr to the Team

· News, Press Release
(Left to right) Eric Amodio, MBA, CCIM; Frank Amodio, Sr, CCIM; Frank Amodio, Jr.

Amodio & Co Real Estate welcomes Frank Amodio, Jr. to the commercial brokerage team. Frank brings over two decades of experience in commercial warehousing, storage & logistics to his client roster.

CT CCIM Chapter Holds Self Storage Breakfast Panel

· News

The CT Chapter CCIM Inc., led by chapter President Eric Amodio, CCIM, MBA, held a sold-out panel breakfast discussion April 5, 2022 at Country Club Of Waterbury that consisted of self-storage experts with moderators, Jeff Ryer, CCIM, SIOR and Tom Hill Panelists:  Connie Neville Patrick A. Lemp, MAI Richard Evans and Dick Bettencourt with MakoRabco.

(Left to right) Micheal Guidicelli, CCIM, SIOR; Frank Amodio, Sr, CCIM;
Tom Hill III, CCIM, SIOR; Eric Amodio, MBA, CCIM

Amodio Sells Office to 100-Unit Residential Conversion – $2.5M

· Closing Announcements

Frank Amodio, CCIM and Eric Amodio, CCIM, of Amodio & Co. represented both buyers and sellers on two transactions for this 125,083 SF office property located at 480 Myrtle Street in New Britain; a former Stanley Black & Decker facility. Their first sale in 2018 traded for $980,000 with the buyer’s intentions of leasing up the vacant office space. Amodio was retained for this assignment, however, Amodio identified higher value in ultimately selling as a residential conversion. After substantial buyer interest & multiple offers, Amodio procured a developer who obtained City approvals for a 100-unit residential conversion.

Since 1919, Amodio & Co has owned, developed, & brokered nearly every property type, bringing extensive experience to our clients. We offer creative solutions to ensure your deal happens and is done right. Put the power of a CCIM globally designated professional on your team and let our award-winning firm assist in navigating today’s CRE market.

Amodio Sells 5-39 Arch Street a Second Time- $710,000

· Closing Announcements

Eric Amodio, MBA, CCIM of Amodio & Co represented the buyer and seller for 5-39 Arch Street, New Britain. This 15,270 sf mixed use two-story building traded for $710,000. Frank & Eric Amodio previously represented both sides of the deal in 2018 selling for $425,000.

The property transfers with newly approved plans for the conversion of the second floor to 10 residential apartment units. The buyer plans to begin construction in the coming months.

Since 1919, Amodio & Co has owned, developed, & brokered nearly every property type, bringing extensive experience to our clients. We offer creative solutions to ensure your deal happens and is done right. Put the power of a CCIM globally designated professional on your team and let our award-winning firm assist in navigating today’s CRE market.

CT CCIM to host CI102 Course – April 18-21, 2022

· News

Connecticut CCIM Chapter to Hold CI 102 Designation Course April 18-21, 2022

The Connecticut CCIM Chapter to hold CI 102 on April 18-21, 2022 at Goodwin University in East Hartford, CT taught by chapter member Stan Gniazdowski, CRE, CCIM. CI 102 is the second core course in the four course designation series; equally suited for those seeking the CCIM designation, as well as any CRE professional looking to hone their site selection skills. Note: this course has been substantially updated this year, with changes implemented by CCIM Tech Committee at the Institute in Chicago. 

One of CCIM’s most innovative core courses, CI 102 shows you how to deploy “big data” and the most advanced digital tools to assess critical issues like market demand, location facility, and supply-chain strategy. CI 102 students have learned BAO mapping and data analytics to help their clients select store locations; others used Tapestry Segmentation to determine demand for apartment properties. In CI 102 you’ll work with four case studies covering each of the major property types: office, industrial, multifamily, and retail.

After completing this course, you will be able to:

  • apply Market and Competitive Analysis, Political and Legal Analysis, Location and Site Analysis, and Financial Analysis to make fundamental investment decisions;
  • perform state-of-the-art geospatial analyses; and
  • forecast future demand and opportunities for investment.

Course registration is available on our website:  www.CTCCIM.com

Amodio & Co Wins 3 CT CCIM 2021 DealMaker Awards

· News, Press Release

1/13/2022 – Branford, CT

Frank Amodio, CCIM took home two awards; Industrial Sale for the property at 100 Marketing Way, Suffield, CT and Office Lease, for the property at 17 Farmington Avenue, Plainville, CT.

Eric Amodio, CCIM won the Multifamily Award for the sale of 38-50 Main Street, New Britain, CT.

The Connecticut Chapter of CCIM hosted the event at Stony Creek Brewery with catering by Smokin’ with Chris BBQ. The event was a great success to kick-off the year, bringing together chapter members, sponsors, and guests for a fun night of networking, award recognition and 2022 officer/director installation.

Full list of 2021 CCIM DealMaker Award winners included:

Land Lease: Steve Patten, CCIM

Office Sale: Steve Patten, CCIM

Retail Lease: Steve Patten, CCIM

Retail Sale: Bryan Atherton, CCIM, SIOR

Industrial Lease: Stephanie Romano Shaw 

Land Sale: Carl Russell, CCIM, SIOR

Multifamily Sale: Eric Amodio, CCIM

Office Lease: Frank Amodio, CCIM

Industrial Sale: Frank Amodio, CCIM 

Investment Sale: Gayle Erickson 

Other Deal: Dale Reese, CCIM

Amodio Sells St. Mark’s Church in New Britain, CT – $580,000

· Closing Announcements

Amodio & Co is pleased to announce the sale of St. Mark’s Church at 151 West Main Street, New Britain to Deeper Life Bible Church. The buyer is relocating within the City of New Britain and expanding their growing congregation.

The $580,000 sale included the church as well as adjoining school building, 25,553 sf in total.

Amodio & Co represented both seller and buyer in this transaction.

Eric Amodio, CCIM to serve as 2022 President of CCIM CT Chapter

· News

Eric Amodio, MBA, CCIM to continue his service on the CCIM CT Chapter as President for 2022. He will lead the chapter alongside Stephanie Romano (VP), Stephanie Coleman, CCIM (Treasurer) and Scott Hollister (Secretary). Amodio follows the 2021 immediate past president, Gus Ryer, CCIM.