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Deals news – page 18
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BXP Acquires Boston-Area Office Buildings for $30MBoston-based real estate investment trust BXP has acquired a pair of office buildings in Waltham, MA for a total of $30 million following a rezoning of the area. The REIT paid $17 million for 860 Winter St.
Joint Venture Picks Up 50-Building Silicon Valley R&D PortfolioA joint venture of TMG Partners, Grove Real Estate Partners and an affiliate of Lone Star Real Estate Fund VII acquired a 2.2 million-square-foot portfolio of R&D assets spread across six campuses in Silicon Valley.
346K-SF Newport Beach Office Building Trades HandsGranite Properties sold its 346,300-square-foot office building at 100 Bayview Circle in Newport Beach, California. An L.A. Business First report states the building was 88% leased at the time to 36 tenants.
Suburban Chicago Shopping Center Sells For $122M In Major Retail DealFairbourne Properties bought Village Crossing in Skokie for $122M, one of the largest sales in the Chicago area since 2016.
Canadian Group Buys Manhattan Hotel for $50MCanada’s Manga Hotel Group has purchased the Chelsean New York Hotel in Manhattan for $50 million, or more than $316,000 per key for the 158-key property.
Sagehall Picks Up Chetrit Organization’s 428 Broadway for $47MAn entity linked to New York City-based private real estate investment firm Sagehall has purchased Chetrit Organization’s office building at 428 Broadway for $47 million, according to city records filed Thursday.
Rockpoint Buys Oceanfront Fort Lauderdale Hotel for $47MRockpoint and Newbond Holdings have paid $47.1 million for an oceanfront resort in Fort Lauderdale, Fla., property records show.
Representative imageWarehouse Near Miami Airport Sells for $21MTerreno Realty has sold a 113,000-square-foot industrial property west of Miami International Airport for $21.3 million, according to a deed made public this week.
Trinsic Building Apartments at Site of Notorious Wheat Ridge HotelCBRE facilitated the sale of a 5.83-acre redevelopment site in Wheat Ridge, Colorado, to Trinsic Residential Group. The firm plans to develop a 335-unit Class A multifamily community with modern amenities on the site.
Evergreen Building Mesa Apartments, RetailEvergreen Development acquired an 11.7-acre parcel north of Signal Butte and Warner in Mesa’s Eastmark submarket to build a mixed-use community that pairs multifamily housing with new retail. The property was purchased from Brookfield.
ORIX Acquires Two Texas Rental AssetsAn ORIX Corporation USA affiliate acquired three multifamily properties totaling 1,029 units in Texas (two) and Georgia (one).
Granite Sells Historic Dallas Office BuildingGranite Properties has sold Factory Six03, a 215,111-square-foot Class A creative office building located at 603 Munger Ave. in the heart of Dallas’ West End. DealCo was the buyer.
HMF Americana Developing Charlotte Mixed-Use CommunityHMF Americana acquired a development site from Harris Teeter near the border of Stallings and Weddington in Charlotte to build a mixed-use community.
Newmark Arranges Sale of 1,027-Unit Multifamily Portfolio in North AustinAUSTIN, TEXAS — Newmark has arranged the sale of a portfolio of three multifamily properties totaling 1,027 units in North Austin. The portfolio comprises The Enclave at La Frontera (411 units), Lakeside at La Frontera (366 units) and Legends Lake Creek (250 units).
Marcus & Millichap Brokers $8.5M Sale of Wabash Marketplace Shopping Center in DenverDENVER — Marcus & Millichap has brokered the sale of Wabash Marketplace, a shopping center in Denver’s Cherry Creek neighborhood. An entity doing business as Wabash Retail LLC sold the property for $8.5 million, or $243 per square foot. Located at 8400 E.
Newmark Zimmer Arranges 1.4 MSF Industrial Lease in Independence, MissouriINDEPENDENCE, MO. — Newmark Zimmer has arranged a 1.4 million-square-foot lease for a warehousing and distribution tenant at Space Center underground industrial park, which is located at 1500 Geospace Drive in Independence.
Northmarq Brokers Sale of 301-Unit Multifamily Property in Wichita, KansasWICHITA, KAN. — Northmarq has brokered the sale of Union Mill, a 301-unit luxury multifamily property in Wichita. Benjamin Davis, Jeff Lamott and Casey Wilhm of Northmarq represented the seller, TLC Properties. The buyer was UM Apts LLC.
Hunter Advisors Negotiates Sale of 196-Room Renaissance Milwaukee West HotelWAUWATOSA, WIS. — Hunter Advisors has negotiated the sale of the Renaissance Milwaukee West Hotel, a 196-room property in Wauwatosa, about 10 miles west of downtown Milwaukee. Spencer Davidson of Hunter brokered the transaction. Chicago-based Witness Investment was the buyer.
Aggregate Acquires Industrial, Retail Portfolio in Northern Virginia for $58MFAIRFAX, VA. — Fairfax-based Aggregate Real Estate Investors has purchased an 11-building retail and industrial portfolio in Northern Virginia from Clarke-Hook Corp. for $58 million.
Greystar Sells Denver Apartment Building For $110MCarmel Partners purchased the property from Greystar.