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CBRE/HUBBELL COMMERCIAL REAL ESTATE PROFESSIONALS HONORED

West Des Moines, IA (October 3, 2012) – The Iowa Commercial Real Estate Association (ICREA) honored two CBRE/Hubbell Commercial real estate professionals at the Iowa Commercial Real Estate Expo held on October 2, 2012.

Linda M. Gibbs, CCIM, SIOR and Timothy J. Sharpe, CCIM, SIOR, CBRE/Hubbell Commercial Senior Vice Presidents, received the Transaction of the Year award for a transaction over $5 million.  Gibbs and Sharpe brokered a $33 million sale of Windsor on the River, a 424 unit Class A apartment complex located in Cedar Rapids, IA.  

Linda M. Gibbs and Timothy J. Sharpe manage the CBRE Private Capital Group practice for the state of Iowa, specializing in the acquisition and disposition of investment properties. With over 50 years of combined commercial real estate experience, they are recognized in the greater Des Moines community as two of the top commercial real estate producers.  Gibbs and Sharpe have been involved in disposition and debt equity transactions exceeding $500 million in the last five years.  The CBRE Private Capital Group’s team includes CBRE/Hubbell Commercial Sales Associate, Ryan Jensen, a recipient of the 2011 ICREA Rising Star of the Year award.

“Multifamily continues to be the sweet spot for real estate investors, not only in Iowa but across the nation as well,” remarked Gibbs.  “We continue to have interest in our marketplace from investors around the country lured by attractive yields versus other markets,” added Sharpe.

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