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Kite Realty Trust Trades Grocery-Anchored White Plains Retail for $50MJLL Capital Markets secured the $50-million sale of City Center, a 361,948-square-foot, grocery-anchored retail property located in White Plains. on behalf of seller Kite Realty Trust.
Waterton Acquires Low-Density Chino Hills Rental CommunityWaterton, a national real estate investor and operator, has acquired Reserve at Chino Hills, a 482-unit rental community in Chino Hills, for an undisclosed sum. The 20-acre garden style community at 4200 Village Dr. comprises 46 residential buildings and a clubhouse.
Capital Legacy Partners Picks Up 70K-SF Office Complex in The WoodlandsRycore Capital traded Venture Tech VIII, a 70,000-square-foot office building in The Woodlands, Texas. Capital Legacy Partners was the buyer. Built in 1998, Venture Tech VIII is 87.3% leased with a weighted average lease term of 3.9 years.
Rethink Healthcare Acquires Orlando-Area Emergency/Urgent Care FacilityRethink Healthcare Real Estate acquired UF Health / Intuitive Health Emergency Department and Urgent Care Center in Eustis, FL (Orlando MSA). Rethink paid $16.2 million for the 11,097-square-foot facility.
RED Development Buys Former Honeywell Tech CampusRED Development acquired a north Phoenix office complex that may be turned into an industrial park. The site was the former tech campus for General Electric, and then later Honeywell.
Representative imageMarcus & Millichap Brokers Sale of 382-Unit Self-Storage Facility in Lake Jackson, TexasLAKE JACKSON, TEXAS — Marcus & Millichap has brokered the sale of Brazos E-Z Storage, a 382-unit self-storage facility in Lake Jackson, about 55 miles south of Houston.
JLL Negotiates $41.2M Sale of Stanley Marketplace in Aurora, ColoradoAURORA, COLO. — JLL Capital Markets has arranged the $41.2 million sale of Stanley Marketplace, a 102,125-square-foot adaptive reuse retail development located in Aurora. Jason Schmidt and Austin Snedden of JLL represented the seller, Westfield Co., in the transaction.
Faris Lee Brokers $4M Sale of Retail Strip Center in AlbuquerqueALBUQUERQUE, N.M. — Faris Lee Investments has brokered the $4 million sale of a newly constructed, three-tenant retail strip center located in Albuquerque. The 5,375-square-foot property was fully leased to El Pollo Loco, Jamba and Xfinity at the time of sale.
Laramar Group Acquires 656-Unit Apartment Tower in ChicagoCHICAGO — The Laramar Group has acquired Eleven Thirty, a 656-unit apartment tower located at 1130 S. Michigan Ave. in Chicago. The purchase price was $166 million, according to local media reports.
Get to Know the Broker: Teresa Minnick of Christie’s International Real Estate GroupMove over “Jersey Boys,” because this Jersey girl is the queen bee of the New Jersey real estate market.
Greenstone Partners Closes Off-Market West Loop Land SaleGreenstone Partners completed the $4.35 million sale of 1276 W Washington Boulevard, a development site in Chicago’s West Loop neighborhood. Danny Spitz and Malek Abdulsamad of Greenstone Partners represented the seller and buyer in the transaction.
Colliers Facilitates Sale of Greater Cincinnati Residential PortfolioColliers brokered the sale of an 80-property residential portfolio totaling 125 units across the Greater Cincinnati region. The sale was led by the Colliers team of Marianne Taylor, vice president and Virginia Cunningham, associate, who represented the seller, a private entity.
Owner-User Acquires South Brooklyn Mixed-UseMarcus & Millichap arranged the sale of 179 Ave. U, a multifamily and retail property in the Gravesend neighborhood of southern Brooklyn. The sale price was $1,536,000.
Friedman’s Restaurant Ownership Buys Upper West Side Retail Space to Open New SpotThe ownership group behind famed New York City restaurants Friedman’s Restaurant and Pastrami Queen has acquired a retail co-op on Manhattan’s Upper West Side to open a new eatery, Commercial Observer has learned.
Colliers Team Closes Sale of 107-Unit Central Valley ApartmentsThe Colliers Central Valley Investment Team has closed on the sale of Wimbledon Square Apartments, a 107-unit multifamily property located at 602-710 Wimbledon Dr. in the Central Valley city of Lodi, for an undisclosed sum.
CBRE IM Buys Net Lease REIT For $1.6B, Plans More InvestmentCerberus Investment Management formed Tenant Equity in 2021. The company has 208 assets totaling 12M SF across 39 states.
Representative imageCBRE Investment Management Acquires $1.6B Net-Lease PortfolioCBRE Investment Management is placing a big bet on the net-lease business.
Representative imageSkip the Script — a Great Seller’s Broker Creates a Strategy Based on Market FeedbackOne of the biggest mistakes a broker can make when marketing an investment property for sale is prescribing the entire structured marketing process, including bid dates, number of bidding rounds, etc.
Broadcom Acquires Irvine Headquarters CampusPRP Real Assets, a privately held real estate investment and management company headquartered in Washington, DC, has sold the Broadcom Corporate Campus in Irvine. Broadcom acquired the property from PRP for $325 million.
SL Green Under Contract to Sell SoHo Offices for $226MSL Green Realty Corp. has entered into an agreement to sell 110 Greene St. in SoHo to Natora Group for $226.0 million. Gary Phillips, Will Silverman and Carly Shoulberg of Eastdil Secured advised SL Green on the sale of the mixed-use property.