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SL Green Sells 110 Greene Street to Natora Group for $226MSL Green Realty’s disposition strategy is now in full swing.
CrestMarc, Midloch Acquire 294-Unit Apartment Complex in Huntsville, TexasHUNTSVILLE, TEXAS — A partnership between two investment firms, Dallas-based CrestMarc and Chicago-based Midloch Investment Partners, has acquired The Forum at Sam Houston, a 294-unit apartment complex located about 70 miles north of Houston in Huntsville.
Representative imageNewmark Negotiates Sale of 51,664 SF Retail Center in Southlake, TexasSOUTHLAKE, TEXAS — Newmark has negotiated the sale of Cornerstone Plaza, a 51,664-square-foot shopping center in Southlake. Cook Children’s Medical Center anchors the two-building center, which was built in 2002 and was fully leased at the time of sale.
Cerberus Sells NNN Finance Unit Tenet Equity to CBRE Investment Management for $1.6BCerberus Capital Management, L.P. has sold Tenet Equity to CBRE Investment Management, which is making its investment on behalf of several of its investment strategies, for $1.6 billion.
Representative imageMarcus & Millichap Brokers Sale of 9,920 SF Retail Strip Center in Missouri City, TexasMISSOURI CITY, TEXAS — Marcus & Millichap has brokered the sale of Brazos Lake Shopping Center, a 9,920-square-foot retail strip center in Missouri City, a southwestern suburb of Houston.
Independence Realty Trust To Buy Centerspace, Creating $8.1B REITThe all-stock deal will create a company with an $8.1B enterprise valuation and a firm that owns more than 44,000 apartments.
ICP Acquires 680,000 SF Industrial Campus in Shrewsbury, MassachusettsSHREWSBURY, MASS. — Industrial Commercial Properties (ICP) has acquired a 680,000-square-foot industrial campus in Shrewsbury, located in Worcester County. The development at 65 Chestnut St. consists of two buildings that were built in the 1980s.
Representative imageColliers Brokers $13.6M Sale of Medical Office Portfolio in Toms River, New JerseyTOMS RIVER, N.J. — Colliers has brokered the $13.6 million sale of a portfolio of two medical office buildings totaling 55,680 square feet in Toms River, located near the Jersey Shore.
Basis Industrial Buys Land in Surprise, Arizona for Development of 707-Unit Self-Storage FacilitySURPRISE, ARIZ. — Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Delray Beach, Fla., has acquired a land parcel at 17140 W. Waddell Road in Surprise for the development of a self-storage facility.
Amazon Occupies 312,474 SF Industrial Building in Romulus, MichiganROMULUS, MICH. — Amazon has moved into Building 4 at Romulus Trade Center in Michigan. Contegra Construction completed the 312,474-square-foot industrial building on behalf of NorthPoint Development.
Cushman & Wakefield Brokers $7.3M Sale of Cascade Apartments in Rochester, MinnesotaROCHESTER, MINN. — Cushman & Wakefield has brokered the $7.3 million sale of Cascade Apartments, a 44-unit property in Rochester. Chris Collins, Lance Steiger, Evan Miller and Erin Salway of Cushman & Wakefield represented the seller, Patina Management.
Representative imageStone Bridge Investment Group Acquires 135,303 SF Industrial Portfolio Near Akron, OhioJACKSON TOWNSHIP, OHIO — Stone Bridge Investment Group has acquired a two-building industrial portfolio at 7774 and 7810 Whipple Ave. NW in Jackson Township, south of Akron. The properties total 135,303 square feet.
Lisa Silverstein Leads Silverstein Properties at an Auspicious TimeLisa Silverstein keeps a full calendar. The Silverstein Properties CEO and vice chairman sat down with Commercial Observer on the afternoon of July 7, just a few hours after the groundbreaking of the 2 million-square-foot 2 World Trade Center tower.
Inland Scoops Up 2 Senior Living Facilities: The Chicago Deal SheetInland acquires two senior communities in Illinois, marking over $1B in acquisitions.
Shorenstein Acquires Preston Center Office Tower: The DFW Deal SheetShorenstein acquires Sherry Lane Place, a key office tower in Dallas' Preston Center.
Marcus & Millichap Closes Suburban Chicago Multifamily Property SaleMarcus & Millichap completed the sale of a 220-unit multifamily asset in St. Charles, Illinois. “Located in a high-demand submarket, Fox Run Apartments is a fully renovated asset well-positioned for long-term growth,” said Ryan D.
WNC Closes on 23rd California-Focused Affordable Housing FundWNC & Associates, Inc. has closed on WNC Institutional Tax Credit Fund X California Series 23, L.P. The $66.3-million fund is the company’s 23rd consecutive California-focused multi-investor affordable housing fund for institutional investors.
Acadia Buys Mixed-Use Property on SoHo’s Greene Street for $60MAcadia Realty Trust has snapped up a mixed-use property on SoHo’s Greene Street.
Healthcare Realty Acquires Greenwich Outpatient CampusNewmark arranged the approximately $65-million sale of Greenwich Medical Center at Holly Hill, a 106,092-square-foot Class A outpatient medical campus located at 75 Holly Hill Lane in Greenwich, CT. Benedict Realty Group sold the property to Healthcare Realty. Co-Heads of U.S.
Berkeley Partners Buys 2 Industrial Buildings For $36M: The Boston Deal SheetBerkeley Partners acquired two industrial buildings in Marlborough and Northborough from McCord Development.