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Deals news – page 126
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NJ Clothing Distributor Concludes Lengthy Search with Fontana AcquisitionDAUM Commercial Real Estate Services directed the $30.2-million sale of 6260 Mango Ave., a 113,930-square-foot Class A industrial distribution building in Fontana, within San Bernardino County.
Inland Real Estate Acquires Luxury LI Multifamily for $190MJLL Capital Markets secured the $190-million sale of The Arboretum, a 292-unit luxury multifamily development in Farmingville, NY, within Suffolk County.
Well-Located Neighborhood Strip Center Sells for $11MAtlantic Capital Partners closed the sale of 18-20 Main St., a fully leased neighborhood strip center located in North Reading, MA, within affluent Middlesex County.
Two Davis Apartment Complexes Sell for First Time Since 1980sTranswestern announces that it brokered the sale of a two-complex multifamily portfolio consisting of 140 units in Davis for $42.8 million, or $306,000 per unit.
Illinois Ranks No. 2 for Corporate Expansion ProjectsThe Illinois Economic Development Corporation (Illinois EDC) shared that Illinois ranks second for corporate relocations and expansions, according to economic development trade publication Site Selection.
Representative imageUber Expands by 86K SF at 3 World Trade CenterRide-sharing giant Uber Technologies has taken up a bigger parking space at 3 World Trade Center. Uber has expanded by 86,071 square feet at the Silverstein Properties-owned office tower in Manhattan’s Financial District, according to a March office report from CBRE.
Development Site Across from UCLA Fetches $38M in Off-Market SaleNewmark completed the $38.2-million sale of 10918-10926 Le Conte Avenue, a 1.16-acre land site with a 9,647-square-foot office building in Westwood.
Kidder Mathews Brokers Sale of 12K-SF Auburn Showroom, Service FacilityKidder Mathews brokers Matt McLennan, SIOR, CCIM, and Peter Wooding successfully completed the sale of the 11,900-square-foot showroom, office, and service facility located at 1743 W Valley Hwy S in Auburn, Washington.
Representative imageMoishe Mana Buys Discounted Downtown Miami Office Tower for $110MMoishe Mana’s shopping spree continues. The Miami-based real estate investor paid $110 million for an office tower in Downtown Miami, nabbing a nearly 14 percent discount from the property’s last trade eight years ago.
Representative imageNonprofit Bowery Residents Committee Buys LIC Homeless Shelter Site for $22MHomeless services nonprofit Bowery Residents Committee (BRC) has acquired a homeless shelter development site in Long Island City, Queens, according to property records made public Wednesday.
Portal Warehousing, GCM Grosvenor Partner on Micro-Bay Industrial PlatformPortal Warehousing and GCM Grosvenor have established a long-term partnership to acquire value-add industrial properties and provide flexible, small-scale industrial space to what they described as a structurally undersupplied segment of the market.
KBS Spins Off Houston HighriseKBS sold 1800 Bering, a 171,510-square-foot, 10-story Class A office building located in Houston, Texas. The property was acquired by local private equity firm DML Capital. 1800 Bering is located just west of The Galleria.
Representative imageHeadwall Investments Buys 34,128 SF Shopping Center in Northwest HoustonHOUSTON — San Antonio-based Headwall Investments has purchased a 34,128-square-foot shopping center in northwest Houston.
JLL Arranges $129M Sale of Multifamily Building in Manhattan’s Hudson Yards DistrictNEW YORK CITY — JLL has arranged the $129 million sale of Henry Hall, a 33-story multifamily building located at 515 W. 38th St. in Manhattan’s Hudson Yards district.
SYM Investments Buys Apartment Complex in Belleville, New Jersey for $80MBELLEVILLE, N.J. — Connecticut-based SYM Investments has purchased SilverLake Apartments, a 232-unit multifamily complex in Belleville, about 10 miles west of New York City, for $80 million.
RangeWater Spends $12.4M on NoDa Parcel, Apartments on WayRangeWater Real Estate will add more than 300 apartment units to the NoDa area’s growing development pipeline following its acquisition of a site at 200 Atando Ave. NoDa stands for North Davidson, a historic arts district on N. Davidson St. in Charlotte.
Landmark Acquires Land Near Ole Miss, Plans 817-Bed Student Housing DevelopmentOXFORD, MISS. — Landmark Properties has acquired a 27-acre development site on Oxford Way near the University of Mississippi campus in Oxford.
DAUM Brokers Sale of 113,930 SF Warehouse in Fontana, CaliforniaFONTANA, CALIF. — DAUM Commercial Real Estate Services has arranged the sale of an industrial distribution building located at 6260 Mango Ave. in Fontana. Magellan Value Partners sold the asset to an undisclosed buyer for $30.2 million.
Representative imageAngelic Real Estate Holdings, JDI Realty Buy Medical Office Building in Eagle River, AlaskaEAGLE RIVER, ALASKA — Angelic Real Estate Holdings, along with its institutional partner JDI Realty, has purchased 17101 Snowmobile Lane in Eagle River, a suburb of Anchorage. Terms of the transaction were not released.
Colliers Brokers Sale of 748,833 SF Industrial Property in Platte City, MissouriPLATTE CITY, MO. — Colliers has brokered the sale of a 748,833-square-foot industrial facility in Platte City within metro Kansas City. Constructed in 2024, the distribution building is fully leased to Central Power Systems & Services under a long-term lease.