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Sales/acquisitions

January 29, 2013
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-QuinnCo LLC bought an 11,655-square-foot office building at 374 Meridian Parke Lane, Greenwood. The buyer was represented by Andrew Follman of NAI Meridian Real Estate Services. The seller, Republic Financial Corp., was represented by Andrew Martin and Bennett Williams of Cassidy Turley.

-The Gene B. Glick Family Housing Foundation bought the 200-unit Hunt Club Apartments at East 56th Street and Interstate 465. The property was listed for $7.95 million. The sale price wasn't disclosed. The buyer and seller, Eli Stefansky dba Hunt Club Apartments LLC, were represented by Tikijian Associates.
    
-An affiliate of Bickford Senior Living bought 8.88 acres of retail land in Northern Beach Park, 5829 E. 116th St., Carmel. The seller, Mansion Real Estate, was represented by Stan Elser of Lee & Associates. The buyer represented itself.

-Denny’s Excavating bought a 90,123-square-foot building at 1329-1340 W. 29th St. The seller, D-A Lubricant Co. Inc., was represented by Steven Schaub of Summit Realty Group. The buyer represented itself.                

-Butler Automotive Group bought 19.1 acres at 4200 East 96th Street. The property was listed for $4.9 million. The sale price wasn't disclosed. The buyer and seller, John P. Tyner Revocable Stewardship Trust, were represented by Michael P. Sloan of The Broadbent Group.

-Drew Investments LLC bought a 6,250-square-foot office building at 7160 Graham Road. The buyer was represented by Tom Frank of Summit Realty. The seller, 7160 Graham Road LLC, was represented by Paul Dick and Kevin Dick of Colliers International.

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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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