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Interra Takes On Greenway PlazaInterra Capital Group acquired Greenway Plaza, a landmark 53-acre, 4.5 million-square-foot mixed-use office campus in the heart of Houston.
Two Orlando Industrial Properties Change HandsBasis Industrial and One Investment Management purchased two Orlando industrial properties as part of a shallow bay industrial portfolio. Three other properties in the portfolio are in the Atlanta. The price was $144.6 million.
Representative imageBradford Negotiates Sale of 40,670 SF Industrial Building in Grand Prairie, TexasGRAND PRAIRIE, TEXAS — Bradford Commercial Real Estate Services has negotiated the sale of a 40,670-square-foot industrial building in Grand Prairie, located roughly midway between Dallas and Fort Worth.
Toll Brothers Buys Land for Over 400 Cary Rental UnitsToll Brothers bought a 27-acre mobile home park in Cary. The company will build 407 residential units at the site. 330 are slated to be multifamily units, and 97 are expected to be townhomes. The Triangle Business Journal reports the 607 Cedar St.
Representative imageCushman & Wakefield Brokers $4.5M Sale of Mixed-Use Development Site in Randolph, New JerseyRANDOLPH, N.J. — Cushman & Wakefield has brokered the $4.5 million sale of a mixed-use development site in the Northern New Jersey community of Randolph.
Rare-Earth Magnet Maker to Construct $918M Raleigh-Area PlantVulcan Elements paid $8 million for 56 acres in Benson to build a rare-earth magnet manufacturing plant. The Triangle Business Journal reports Vulcan will invest $918 million in the plant, which could create up to 1,000 jobs. Benson is about 30 miles south of Raleigh.
Representative imageBeacon Group Acquires 4,665 SF Office Space at Coronado Professional Plaza in Avondale, ArizonaAVONDALE, ARIZ. — Beacon Group has purchased 4,665 square feet of office space at Building E, Units 117 and 119 within Coronado Professional Plaza, located at 3400 N. Dysart Road in Avondale. Arizona Agribusiness & Equine Center sold the space for $2 million.
Newmark Arranges $41M Sale of Michigan Avenue Retail Space in ChicagoCHICAGO — Newmark has arranged the $41 million sale of the retail portion of 500 North Michigan Avenue along Chicago’s Magnificent Mile. The 21,565-square-foot space is fully leased to tenants such as Bank of America, Chick-fil-A and Vans.
CBRE Brokers Sale of 126,335 SF Flex Industrial Property in MilwaukeeMILWAUKEE — CBRE has arranged the sale of a five-building, 126,335-square-foot flex industrial property in Milwaukee. Minnesota-based Brait Capital purchased the property from Oyster Two Wisconsin Owner LLC for $6 million.
Representative imageOpus’ New Industrial Park Gets 1st OccupantAn engineering company has bought a 47-acre parcel at this Indianapolis-area property. The post Opus’ New Industrial Park Gets 1st Occupant appeared first on Commercial Property Executive.
Sale of East Hollywood Affordable Entailed Three Separate Government ApprovalsThe LAAA Team of Marcus & Millichap closed on the sale of 1536 N Serrano Ave, a 42-unit LIHTC community in East Hollywood, for $7,600,000.
ESRT Adds to Williamsburg Retail Portfolio with $46M DealEmpire State Realty Trust, Inc. acquired a newly constructed, prime retail asset located at 41-55 N. 6th St. in Williamsburg for $46 million at the end of the first quarter.
Neighborhood Shopping Center Trades After 50-Year HoldAtlantic Capital Partners arranged the sale of 211 Lowell St., a grocery-anchored shopping center in Wilmington, MA. Buyer and sale price were not disclosed.
Panattoni Buys $9M Site in North Bend for Industrial DevelopmentPanattoni Development Company has acquired 32 acres just outside of the Seattle metropolitan area for $9 million, with plans for a multi-building industrial project.
Representative imageNew York City Still the Undisputed Champ in Attracting Tech and Finance TalentNew York City is home to more tech and finance bros (and their female counterparts) than at any other time in its history, according to a new report, which should have office brokers and landlords champing at the bit to fill up any vacant space they may have available.
Investment Firm T30 Capital Sells Row of Central Park West Apartments for $34MAn entity linked to Korean investor John Choi has purchased a row of low-rise Upper West Side apartment buildings along the north end of Central Park for $33.6 million, according to city records made public Wednesday.
Representative imageDoveHill Acquires Historic Connecticut HotelThis is DoveHill’s second acquisition of an Auberge Resorts Collection property. The post DoveHill Acquires Historic Connecticut Hotel appeared first on Commercial Property Executive.
Representative imageAres Management Acquires Whitestone REIT in $1.7B All-Cash DealWhitestone REIT, a Houston-based real estate investment trust (REIT) with a shopping center portfolio exclusively invested in Arizona and Texas and a market capitalization of $971 million, is no longer a public company.
American Landmark Apartments CEO Buys South Florida Hilton Embassy for $40MJoe Lubeck, the CEO of multifamily investor American Landmark Apartments, has bought a Hilton Embassy Suites in Palm Beach Gardens, Fla., for $40 million, Commercial Observer has learned.
Kurv Industrial Acquires South Florida Industrial Park for $220MPOMPANO BEACH, FLA. — Kurv Industrial, formerly known as Bridge Industrial, has acquired East Pompano Industrial Center, a five-building industrial park in South Florida’s Broward County.