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Deals news – page 127
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Bally’s Acquires Site for Future Bronx CasinoBally’s Corp. has bought the development site for its new casino in the Bronx. The casino giant paid $157 million to buy 500 Hutchinson River Pkwy., formerly a Trump Organization-owned golf course, from the city, the New York Business Journal reported.
Class A Office Campus Trades in Central CTCushman & Wakefield arranged the sale of The Campus at Greenhill, a Class A office campus located at 108 Leigus Rd. in Wallingford, CT to KS Partners, LLC for an undisclosed sum.
SVN Chicago Commercial Facilitates Land Sale for 330-Unit Hoffman Estates MF DevelopmentSVN Chicago Commercial has arranged the $3.7 million sale of a 7.24-acre development site at 2350 W. Higgins Road in Hoffman Estates, Illinois.
Berkadia Arranges Sale of Oakland Multifamily to Rooted ProgramBerkadia arranged the $12.6-million sale of Idora Apartments, a 33-unit, Class A multifamily community built in 2017 with ground-floor retail located at 5239 Claremont Ave. in the Temescal neighborhood of Oakland. The sale equated to $380,000 per unit.
JLL IPT Adds Watertown Complex to Healthcare PortfolioJLL Income Property Trust (JLL IPT) has acquired West Boston Medical Center, a medical outpatient complex located at 485 Arsenal St. in the Greater Boston suburb of Watertown, MA, for approximately $32 million. The seller was not disclosed.
SL Green, Wharton Properties Divest Upper East Side Jewelry StoreSL Green Realty Corp. and its joint venture partner, Jeff Sutton’s Wharton Properties, today announced that it has closed on the sale of 690 Madison Ave. for $54.5 million. The buyer was not disclosed.
7-Eleven Commercial Fueling Lanes Prototype Trades in San BernardinoHanley Investment Group Real Estate Advisors arranged the pre‑sale of a new construction, single‑tenant 7‑Eleven commercial fueling lanes prototype in San Bernardino, reportedly the first transaction of its kind to be marketed and sold in California.
Ariel Closes Sale of Eight-Building Prospect Park South PortfolioAriel Property Advisors closed the sale of a 411,892-square-foot, eight-building, 387-unit affordable housing portfolio situated in the Prospect Park South neighborhood of Brooklyn for $79.85 million, or $193 per square foot.
Peregrine Hospitality Acquires Tiburon, Los Gatos PropertiesPeregrine Hospitality, a full‑service hospitality owner‑operator of 57 hotels and resorts nationwide, has acquired two Northern California properties: The Lodge at Tiburon in Tiburon and Toll House Hotel in Los Gatos. Terms of the acquisitions were not disclosed.
Interra Realty Brokers $12M Sale of Vintage Kenwood Apartment BuildingInterra Realty brokered the $11.7 million sale of a 46-unit multifamily building at 4400 S. Drexel Blvd. in Chicago’s Kenwood neighborhood. The sale price equated to $254,347 per unit.
Third-Generation Hotelier Acquires Santa Barbara Boutique PropertyColliers arranged the sale of the Franciscan Inn & Suites, a 53-room boutique hotel located in Santa Barbara’s West Beach district. The seller and local developer Ed St.
GSA, CBRE Put Laguna Niguel’s Ziggurat Building on the Sale BlockThe U.S. General Services Administration (GSA) on Friday announced it would sell the former Chet Holifield Federal Building, commonly known as the Ziggurat, in Laguna Niguel. GSA is partnering with CBRE to sell the property.
Greenstone Partners Closes Sale of 225K-SF Lake Forest Office ComplexGreenstone Partners announced the sale of Conway Park, a 225,000-square-foot office complex located at 100 & 150 N. Field Drive in north suburban Lake Forest, Illinois. The property traded for $8.
Marcus & Millichap Closes Sale of Apartments Near MBTA StationMarcus & Millichap recently completed the $4-million sale of Pine Street Apartments in Attleboro, MA. Tony Pepdjonovic and Evan Griffith, senior managing directors in Marcus & Millichap’s Boston office, marketed the property on behalf of the seller and procured the buyer.
Sword Industrial Partners Acquires Tulsa Warehouse, Distribution ParkSword Industrial Partners has acquired Braniff Park West, located at 10568-10590 East Pine Street in northeast Tulsa, Oklahoma, for $20 million.
MDH Expands SoCal Footprint with Chino WarehouseMDH Partners has acquired Chino Distribution Center, a 409,930-square-foot industrial asset located at 13880 Monte Vista Ave. in Chino located at 13880 Monte Vista Ave. for a reported $105 million.
PlaceMKR Pays $31.85M for Five At Home Triple-Net StoresNorthmarq brokered the sale of a five-property, single-tenant At Home portfolio spanning Texas, Mississippi, and Ohio to an Austin private investment firm.
Private Investor Buys Clovis Chick-fil-A Ground Lease for $4.7MSRS Real Estate Partners brokered the absolute NNN ground-lease sale of a newly built Chick-fil-A in Clovis, California, to a Central Valley private buyer.