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Office: deals – page 15
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Valoro Obtains Discounted Miami Offices, Eyes RedevelopmentValoro Capital acquired an office building in Miami’s Edgewater neighborhood for $19 million. Novel Coworking sold the building after paying $20.6 for the property in 2019.
Representative imageJLL Arranges $62M Equity Investment for Manhattan Office BuildingNEW YORK CITY — JLL has arranged a $62 million preferred equity investment for 51 Astor Place, a 386,000-square-foot office building in Manhattan’s NoHo neighborhood.
KBS Sells 210,938 SF Salt Lake Hardware Building in Downtown Salt Lake CitySALT LAKE CITY — KBS has completed the sale of the Salt Lake Hardware Building, a historic office building located at 155 N. 400 West in downtown Salt Lake City, to Dart Interests for an undisclosed price.
SRS Real Estate Partners Brokers $13.5M Sale of Two-Tenant Retail Property in Palmdale, CaliforniaPALMDALE, CALIF. — SRS Real Estate Partners has arranged the sale of a two-tenant retail property located at 39112-39228 10th St. West in Palmdale. A family office sold the asset to a Southern California-based private investor for $13.5 million.
Representative imageStephen Ross Buys Broward County Office Campus for $37MWhile Stephen Ross spends billions in West Palm Beach trying to turn the South Florida city into a growing business hub, the billionaire developer has now extended his reach further south into Broward County.
FCCU Buys 470,623 SF Office Building in Northwest Houston for New HeadquartersHOUSTON — First Community Credit Union (FCCU) has purchased Noble Energy Center Two, a 470,623-square-foot office building in northwest Houston, for its new headquarters.
Representative imageJLL Brokers Sale of 171,510 SF Office Building in Houston’s Galleria DistrictHOUSTON — JLL has brokered the sale of 1800 Bering, a 171,510-square-foot office building in Houston’s Galleria district.
Skysoar Capital Buys 32-Story One Canal Place Office Tower in New OrleansNEW ORLEANS — Skysoar Capital Partners has purchased One Canal Place, a 32-story office tower located at 365 Canal St. in New Orleans. The sales price was not disclosed.
Joint Venture Pays $41M for Chinatown OfficesLimited liability company ASB George Canal sold its Chinatown office and retail building to a joint venture for $40.5 million, after purchasing the building for nearly $62 million in 2013.
Irving Buys 260K-SF Office Midrise for Police, Fire ServicesThe City of Irving has purchased MacArthur Ridge II, a 260,796-square-foot office building for police and fire department services.
Newmark Brokers Sale of Seven-Building Stonemill Design Center Flex Office Campus in Costa MesaCOSTA MESA, CALIF. — Newmark has arranged the sale of Stonemill Design Center, a flex office campus on 8.3 acres at 2915 Red Hill Ave. in Costa Mesa.
Representative imageAscentris-Led Partnership Sells Two South Florida Office Buildings, Launches Multifamily Conversion ProjectDORAL, FLA. — Ascentris, in partnership with Highline Real Estate Capital and Square2 Capital, has completed a multi-phase repositioning of Westside Plaza, a three-building, 382,637-square-foot office complex in Doral, a western suburb of Miami.
Bucksbaum Acquires Mixed-Use Office Campus in Coachella ValleyNewmark arranged the $25.75-million sale of One El Paseo Plaza, a three-building, 86,835-square-foot mixed-use office campus located at 74-199 El Paseo Dr. and 74-225 & 74-245 Hwy. 111 in Palm Desert.
Representative imageCapital Group Buys L.A. Office Tower for Around $210M: SourcesCapital Group, one of the largest investment management firms in the world, announced it has entered an agreement to acquire the Bank of America Plaza office tower in Downtown Los Angeles.
LA Angels Owner Buys Luxury Phoenix Rental CommunityLos Angeles Angels owner Arte Moreno paid $125 million for the Cortland Biltmore, nearly $500,000 per unit. Moreno has a history of purchasing real estate in the area. Moreno recently bought a 12-acre office complex in the Biltmore area for $60 million.
Thor Equities Pays $56M for 1165 BroadwayThor Equities has purchased David Haddad’s 1165 Broadway for $56 million, Commercial Observer has learned. The 58,000-square-foot office and retail building is in Manhattan’s NoMad district, at the corner of Broadway and 27th Street.
Gordon Brothers to Market Historic Office Building in Cleveland for SaleGordon Brothers has been retained to lead the sale of the 925 Euclid Avenue building, a historic landmark office known as the Huntington Building. The property spans nearly 1.5 million square feet in the heart of downtown Cleveland’s central business district.
CRE Veteran Launches Private REIT Targeting Multifamily, Office ConversionsJonathan Morris, a former executive at three publicly traded real estate investment trusts and longtime Georgetown University real estate investment trust professor, has formed a new investment vehicle aimed at seizing on discounted multifamily assets.
Cofe Properties Buys Doral Office Buildings for $63MA joint venture led by Ascentris has sold off two buildings within the Westside Plaza office campus in Doral, Fla., nearly two months after launching the multifamily conversion of a third building.
BrightSpire Sells LIC Office Building to Pearl Realty at $36M DiscountCommercial real estate investment trust BrightSpire Capital has offloaded an office and retail building in Long Island City, Queens, for $28 million, according to city records made public this week. The price is $36.3 million less than what the building sold for three years ago.