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Deals news – page 13
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Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And WhereThe investment giant closed a $435M office purchase last month, and Oxford U.S. Head of Investments Ankit Bhatt spoke to Bisnow about its plans for more deals.
Friedman’s Restaurant Expands with Upper West Side LocationLee & Associates NYC announced that the ownership group behind Friedman’s Restaurant, Pastrami Queen and many other successful restaurant concepts has acquired an approximately 5,000-square-foot retail cooperative unit at 541-555 Amsterdam Ave.
OPEN Impact Arranges Coney Island Ground Lease for Charter SchoolOPEN Impact Real Estate represented Coney Island Preparatory Public Charter School in securing a 39-year leasehold condominium for a new 45,190-square-foot ground-up high school at 773 Neptune Ave. in Brooklyn.
Cushman & Wakefield Brokers Sale of Fully Leased Rochester ApartmentsCushman & Wakefield has brokered the $7.27 million sale of Cascade Apartments, a 44-unit multifamily community in Rochester, Minnesota. The firm’s Chris Collins, Lance Steiger, Evan Miller and Erin Salway represented the seller, Patina Management. The buyer was Black Swan Living.
Grand Peaks, PCCP Acquire Mixed-Use Multifamily in BeavertonMultifamily real estate investment firm Grand Peaks, in partnership with PCCP, LLC, announced the acquisition of West End District, a 424-unit, mixed-use multifamily community located in the heart of Beaverton, Oregon.
Representative imageAzimuth Sells Bronx Educational Facility to Equality Charter School for $55MAzimuth Development Group has handed over ownership of a school facility in the East Bronx that appears to have been a build-to-suit construction job for the firm.
Representative imageLongpoint Buys Miami-Dade Warehouse Portfolio for $195MLongpoint Partners has dropped $195 million on a 10-building industrial portfolio in Miami-Dade County, the Boston-based private equity firm announced. The portfolio, composed of small-bay properties, spans 729,901 square feet across 41 acres.
San Antonio Agrees to Spend $60M on Spurs Arena SiteThe San Antonio City Council voted to allocate $60 million toward purchasing a site for a new San Antonio Spurs arena. $115 million is needed to buy all of the land for the sports complex. The land is the former site of the Institute of Texan Cultures at Hemisfair.
Multifamily Developer LCOR Buys Taconic’s UES Life Sciences Site for $73MTaconic Partners has parted with another life sciences project in Manhattan. The developer sold 309 East 94th Street on the Upper East Side for $73 million, according to city records filed Thursday.
Representative imageMarcus & Millichap Brokers Sale of 299-Unit Self-Storage Facility in Crowley, TexasCROWLEY, TEXAS — Marcus & Millichap has brokered the sale of Crowley Space Station, a 299-unit self-storage facility located south of Fort Worth.
Representative imageOxford Partners Negotiates 10,709 SF Industrial Lease Renewal, Expansion in Northwest HoustonHOUSTON — Locally based brokerage firm Oxford Partners has negotiated a 10,709-square-foot industrial lease renewal and expansion in northwest Houston. According to LoopNet Inc., the building at 8901 Jameel Road was constructed in 1980 and totals 47,510 square feet.
Taurus Acquires 412K-SF Laredo Business ParkTaurus Investment Holdings acquired Crossroads Business Park in Laredo, Texas. Currently fully leased, the portfolio consists of eight shallow-bay buildings totaling 412,871 square feet.
Representative imageSL Green Sells Lower Manhattan Office Building for $226MNEW YORK CITY — SL Green Realty Corp. (NYSE: SLG) has sold 110 Greene Street, a 223,000-square-foot office building in Lower Manhattan, for $226 million.
STRO Cos., KRE Group Acquire 120,000 SF Industrial Portfolio in Elmwood Park, New JerseyELMWOOD PARK, N.J. — A partnership between two locally based investment firms, The STRO Cos. and KRE Group, has acquired a portfolio of three industrial buildings totaling approximately 120,000 square feet in the Northern New Jersey community of Elmwood Park.
Representative imageMarcus & Millichap Brokers $5M Sale of Upper Manhattan Apartment BuildingNEW YORK CITY — Marcus & Millichap has brokered the $5 million sale of a 35-unit apartment building in Upper Manhattan. The five-story building at 120 Haven St. houses six one-bedroom units, 25 two-bedroom residences and four three-bedroom apartments.
Waterton Acquires 482-Unit Reserve at Chino Hills Apartments in CaliforniaCHINO HILLS, CALIF. — Waterton has purchased Reserve at Chino Hills, a multifamily property in Chino Hills. Terms of the transaction were not disclosed. Situated on 20 acres at 4200 Village Drive, the garden-style community features 46 residential buildings and a clubhouse.
Investor Group Picks Up 192K-SF Sandy Springs Office ParkArdent Properties traded the Century Springs Office Park in Sandy Springs for $20.75 million.
Davis Looks To Sell 16-Building Beacon Hill, Back Bay PortfolioDavis Cos. retained Boston Realty Advisors to sell a portfolio of century-old multifamily buildings in Beacon Hill and Back Bay.
Representative imageRFR Buys Prada-Anchored Upper East Side Retail Condo at 841 Madison Avenue for $57MAn Upper East Side retail condominium at 841 Madison Avenue has traded hands for $57 million, Commercial Observer has learned.
Prologis Acquires 69 Acres For 1M SF Chicago-Area Industrial DevelopmentPrologis is slated to to develop Minooka Exchange, adding more than 1M SF of logistics space to the Chicago area.