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Representative imageMarcus & Millichap Negotiates $14.3M Sale of Shopping Center in Rocky Hill, ConnecticutROCKY HILL, CONN. — Marcus & Millichap has negotiated the $14.3 million sale of Big Y Plaza, a 60,497-square-foot shopping center in Rocky Hill, located south of Hartford.
Granite Capital Group Divests of 105-Unit Multifamily Property in Fort Collins, ColoradoFORT COLLINS, COLO. — California-based Granite Capital Group has sold Enclave Rigden Farm, a multifamily property in Fort Collins, to Avanti Residential for $40.8 million, or $389,285 per unit.
CSME Partners Sells 83,527 SF Industrial Building in Compton, CaliforniaCOMPTON, CALIF. — CSME Partners LLC has completed the disposition of an industrial property located at 1800 S. Anderson Ave. in Compton. Yueji Inc. acquired the asset in a transaction valued at $28.2 million.
Peter Zaitzeff of Serhant: 5 QuestionsIn addition to being a dynamic personality on Season 2 of the popular Netflix series “Owning Manhattan,” Peter Zaitzeff, sales director for new development at Serhant, is one of the most renowned and top-selling residential real estate brokers in New York City.
SparrowHawk Acquires 750K-SF Warehouse in Kansas CitySparrowHawk has acquired a 100% leased, 764,735-square-foot warehouse building at 31450 W. 196th Street in Edgerton, Kansas.
Town Lane Acquires Seniors Housing Property in Suburban ChicagoTown Lane, in conjunction with Arcole, its senior housing platform, has acquired The Sheridan at Green Oaks, a 198-unit independent living, assisted living, and memory care community in Lake Bluff, Illinois.
CBRE Arranges Lab Facility Lease Extensions in WisconsinCBRE has arranged two 20-year lease extensions totaling 233,694 square feet for Thermo Fisher Scientific’s PPD clinical research business located along Research Way in Middleton, Wisconsin.
Representative imageLive Nation Could Sell 10 Venues as Part of Antitrust SettlementA potential settlement reached by Live Nation in its federal antitrust lawsuit could force the popular event promoter to sell 10 of its venues. The settlement comes just one week after Live Nation’s trial began in New York federal court.
Northwell Health Acquires 338K-SF Queens Retail Center for $235MNorthwell Health has acquired a vacant retail site in a move that could point toward a retrofit.
Representative imageWatergate Office in D.C. Sells for Just $53MPart of the infamous Watergate complex in Washington, D.C., has sold for over 60 percent less than its 2017 sale price as the seller prepares to formally dissolve later this year.
Eaton Vance Acquires 360-Unit Katy Rental CommunityEaton Vance Real Estate Investment Group has acquired Elite 99 West, a 360-unit multifamily property in Katy, Texas. Electra America was the seller. Commercial Search reports that the buyer took out a $40 million Fannie Mae loan originated by Walker & Dunlop.
Representative imageWest Capital Lending Acquires 104,375 SF Office Building in Irvine, California for $23.7MIRVINE, CALIF. — West Capital Lending has purchased 17911 Von Karman Avenue, a five-story Class A office building in Irvine’s Concourse submarket. John Hancock Insurance sold the asset for $23.7 million.
Marcus & Millichap Negotiates Sale of 554-Unit Self-Storage Facility in Orem, UtahOREM, UTAH — The LeClaire-Schlosser Group of Marcus & Millichap has arranged the purchase of Towne Storage Vineyard, a self-storage property in Orem. Storage Center Group acquired the asset for an undisclosed price.
Representative imageSRS Real Estate Partners Brokers $11.3M Sale of Smart & Final-Occupied Retail Property in Huntington Park, CaliforniaHUNTINGTON PARK, CALIF. — SRS Real Estate Partners has arranged the acquisition of a retail property located at 3111 E. Florence Ave. in Huntington Park. A Mexico-based private investor purchased the asset from a Los Angeles-based private investor for $11.3 million.
Representative imageVelocis Sells 270,000 SF Industrial Property in Bee Cave, TexasBEE CAVE, TEXAS — Velocis, a Dallas-based investment and development firm, has sold West Austin Business Park, a 270,000-square-foot industrial property in Bee Cave, a western suburb of Austin.
Representative imageMarcus & Millichap Brokers Sale of 18,102 SF Medical Office Complex in Fort WorthFORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Overton Park Professional Center, an 18,102-square-foot medical office complex in Fort Worth. The two-building property was built in 2000 and was fully leased at the time of sale.
APG Buys 250,000 SF North 70 Distribution Center in DurhamDURHAM, N.C. — Atlanta Property Group (APG) has acquired North 70 Distribution Center, a 250,000-square-foot, vacant distribution facility located at 224 N. Hoover Road in Durham. This acquisition marks APG’s first industrial investment in the Durham submarket.
Representative imageFogelman, Thackeray Purchase 200-Unit Apartment Complex in Germantown, TennesseeGERMANTOWN, TENN. — A joint venture between locally based Fogelman Properties and Dallas-based Thackeray Partners has acquired The Vineyards, a 200-unit luxury apartment complex located in Germantown, roughly 21 miles southeast of Memphis.
Representative imageNew State Capital Partners Acquires Vast Coworking GroupNEW ROCHELLE, N.Y. AND WEST PALM BEACH, FLA.
Representative imageCBL Properties Acquires Gateway Mall in Lincoln, Nebraska for $43.5MLINCOLN, NEB. — CBL Properties has acquired Gateway Mall in Lincoln for $43.5 million from Washington Prime Group. CBL financed the acquisition with a $21 million loan provided by Symetra Life Insurance Co. The five-year loan features a fixed interest rate of 6.46 percent.