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Vesper Acquires 385-Bed Student Housing Community Near University of LouisvilleLOUISVILLE, KY. — Vesper Holdings has acquired Yugo Louisville Nine, a 385-bed student housing community located near the University of Louisville campus.
H.G. Fenton Buys 210,871 SF Kearny Mesa West Industrial Park in San DiegoSAN DIEGO — H.G. Fenton has purchased Kearny Mesa West, a multi-tenant industrial business park in San Diego, from CIM Group for an undisclosed price. Hunter Rowe, Joe Cesta, Eric Cox and Matt Carlson of CBRE represented the seller in the deal.
Representative imageBehind Cryptocurrency’s Commercial Real Estate MomentThirteen years ago, Grant Cardone, CEO of Cardone Capital, a multifamily syndication firm with $5 billion in assets today, was paid for a speaking engagement in 115 BTC, or Bitcoin.
VersaBank Sells Only Minnesota Branch Back to StearnsVersaBank, a Canadian digital bank, is selling certain assets of its only Minnesota branch back to Stearns Bank Holdingford, which it purchased nearly two years ago.
Seattle-Based Gibraltar Sells First Hill Apartment Building for $25MA California-based national property manager has purchased an apartment building in Seattle’s First Hill neighborhood for $25 million. The 164,000-square-foot, 10-story building sits on a 0.3-acre lot. The property, known as The Exeter, is located at 720 Seneca St.
Multifamily Development Site in Miami’s Wynwood Sells for $54MShoe brand owner David Sedaghati has sold a development parcel in Miami’s Wynwood neighborhood for $54 million, property records show. Located at 2401 Northwest Sixth Avenue, the property spans 1.92 acres, facing Interstate 95, occupying nearly half a block.
Joint Venture Pays $41M for Chinatown OfficesLimited liability company ASB George Canal sold its Chinatown office and retail building to a joint venture for $40.5 million, after purchasing the building for nearly $62 million in 2013.
Irving Buys 260K-SF Office Midrise for Police, Fire ServicesThe City of Irving has purchased MacArthur Ridge II, a 260,796-square-foot office building for police and fire department services.
Link Logistics, Clarion Close on $163.1 Pompano Beach Warehouse DealPompano Center, part of a fund run by Clarion Partners, sold four warehouses to Link Logistics for $163.1 million. Link is a Blackstone afflliated company. The combined 623,256-square-foot portfolio is at 2510 W. Copans Road. The S.
Joint Venture Acquires 243-Bed Student Housing Community Near University of Texas at AustinAUSTIN, TEXAS — A joint venture between Ascentris and Student Quarters has acquired Noble 2500, a 243-bed student housing community serving students at the University of Texas at Austin.
Representative imageProvident Sells 162,180 SF Industrial Facility in Southeast HoustonHOUSTON — Provident Industrial, a division of Dallas-based Provident, has sold a 162,180-square-foot industrial facility in southeast Houston.
Representative imageJLL Brokers Sale of 39,912 SF Shopping Center in Cypress, TexasCYPRESS, TEXAS — JLL has brokered the sale of a 39,912-square-foot shopping center in Cypress, located on the northwestern outskirts of Houston. The Shops at Fry & Tuckerton comprises three multi-tenant buildings that were fully leased at the time of sale.
Newmark Brokers Sale of Seven-Building Stonemill Design Center Flex Office Campus in Costa MesaCOSTA MESA, CALIF. — Newmark has arranged the sale of Stonemill Design Center, a flex office campus on 8.3 acres at 2915 Red Hill Ave. in Costa Mesa.
Representative imageEMZ Equity Group Sells 24-Unit Alvernon Apartments in TucsonTUCSON, ARIZ. — EMZ Equity Group has completed the sale of Alvernon Apartments, a multifamily community in Tucson, to Alvernon Coyote LLC for $1.8 million. Located at 2053 and 2099 N. Alvernon Way, the 13,200-square-foot complex features 24 apartments.
EOS Fitness Adds Two Florida LocationsEōS Fitness has signed two new long-term leases, one in Cape Coral and the other in Palm Beach Gardens.
Equus Acquires 19-Building Charlotte Warehouse Portfolio for $102MEquus Capital paid $102 million for a 648,000 square foot industrial portfolio in Charlotte. The Greylyn Business Park, at 9535 Monroe Road comprised 19 buildings across four parcels totaling nearly 57 acres. the portfolio is 92.8% occupied.
Representative imageEquus Pays $102M for Charlotte CampusThe business park changed ownership at a 122 percent premium to its previous sale. The post Equus Pays $102M for Charlotte Campus appeared first on Commercial Property Executive.
Equus Acquires Greylyn Business Park in Charlotte for $102MCHARLOTTE, N.C. — Equus Capital Partners has acquired Greylyn Business Park, a 19-building industrial park totaling 648,060 square feet in the Southeast Industrial submarket of Charlotte. The $102 million acquisition was completed on behalf of a value-add fund sponsored by Equus.
Representative imageNuveen Buys Retail Portfolio for $298MThe seven-property collection was 96 percent leased at the time of sale. The post Nuveen Buys Retail Portfolio for $298M appeared first on Commercial Property Executive.
SRS Real Estate Brokers $5.3M Sale of Central Florida Retail CenterAPOPKA, FLA. — SRS Real Estate Partners has brokered the $5.3 million sale of the Shoppes at Hunt Club, an 8,211-square-foot retail property located in Apopka, approximately 12 miles northwest of Orlando.