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Zurich Affiliate Acquires San Francisco Offices with Leasing UpsideCushman & Wakefield has arranged the sale of 410 Townsend, a historic 78,455-square-foot office building in downtown San Francisco.
L&L Infinite Acquires 42-Story Office Building in Midtown ManhattanNEW YORK CITY — L&L Infinite Real Estate Partners, a development and investment firm with offices in New York City and West Palm Beach, has acquired 600 Third Avenue, a 42-story office building in Midtown Manhattan.
Cushman & Wakefield Arranges $33.7M Sale of Office Building in Ontario, CaliforniaONTARIO, CALIF. — Cushman & Wakefield has brokered the sale of 901 Via Piemonte, a Class A office building in Ontario. MGR Real Estate purchased the asset from Greenlaw Partners LLC for $33.7 million.
Marty Burger-L&L Venture Debuts With $245M Third Avenue Deal: The N.Y. Deal SheetThe Marty Burger-David Levinson joint venture acquired the office tower from an institutional investor.
Representative imageOffice Tenants Should Negotiate Cell Coverage Like a Lease IssueFor most of the past two decades, connectivity in office buildings followed a simple division of labor. Tenants bought their own wi-fi. Wireless carriers delivered the cellular signal, and often funded the in-building systems that made it work.
Investicore Acquires 14-Building Charlotte Office ComplexInvesticore Holdings purchased a 14-building 568,811-square-foot Charlotte complex for $64 million. Ares was the seller. The Charlotte Business Journal reports the 42-acre park, called ThExchange, is 60% occupied. One building is entirely vacant.
CUNY Buys Historic Bronx Post Office For $201MThe university system leased the property last year for a new community college campus.
CBRE Arranges Valencia Office Sale for Harbor AssociatesCBRE facilitated the $32-million sale of Commons at Valencia, a two-building Class A office campus totaling approximately 157,189 square feet, located at 25124 and 25152 Springfield Court in Valencia.
Nashville Investor Acquires 95K-SF Mixed-Use DevelopmentAn affiliate of LBX Investments bought a retail and office development in West Nashville. The development has about 95,000 square feet of space. The Nashville Business Journal reports the company paid $37.5 million for the Stateline in The Nations.
Tesseract Capital Sells Apartment Property in Modesto, California for $26.6MMODESTO, CALIF. — San Francisco-based Tesseract Capital Group has completed the sale of The Marc at 1600 in Modesto to an undisclosed family office for $26.6 million.
CBRE Arranges Sale of 91,306 SF Office Building in Camp Hill, PennsylvaniaCAMP HILL, PA. — CBRE has arranged the sale of West Shore Office Center, a 91,306-square-foot office building in Camp Hill, a southern suburb of Harrisburg. The seven-story building at 214 Senate Ave.
SoCal Family Office Snaps Up Apartments in Competitive Modesto SubmarketThe Mogharebi Group (TMG) represented Bay Area-based Tesseract Capital Group in the sale of The Marc at 1600, a 100-unit multifamily community located at 1600 Standiford Ave. in Modesto. The buyer was a private family office from Southern California, which paid $26.6 million.
Worth & Associates Acquires 108,116 SF Office Complex in San AntonioSAN ANTONIO — Locally based owner-operator Worth & Associates has acquired The Commons at Concord Park, a 108,116-square-foot office complex in San Antonio’s Stone Oak neighborhood.
Whittier Comstock Acquires 135,308 SF Fairway Center II Office Property in Brea, CaliforniaBREA, CALIF. — The Whittier Comstock, a subsidiary of MW Investment and owned by Matt Waken, purchased Fairway Center II, an office property in Brea, from an undisclosed seller for $27.8 million.
Private Investor Snags Brea Offices for $28MCBRE facilitated the $27.8-million sale of Fairway Center II, a 135,308-square-foot office property located at 675 Placentia Ave. in Brea. CBRE represented the institutional seller.
Representative imageStrauss Investments Buys 157,000 SF Commons at Valencia Office Campus in CaliforniaVALENCIA, CALIF. — Strauss Investments has acquired Commons at Valencia, a two-building office campus in Valencia, from Harbor Associates for $32 million, or approximately $204 per square foot.
DivcoWest Sells Glendale Office Building For $70MDivcoWest sold 655 N. Central Ave. in Glendale for $70M, less than half of its 2017 purchase price.
Piedmont Buys Virginia Office for $53M — Double Its 2024 Sale PriceA joint venture has unloaded an office building in Northern Virginia for nearly twice what it paid to acquire the property just two years ago in the depths of post-pandemic distress.
Representative imageSummit RE Negotiates Sale of 209,476 SF Office Building in Carrollton, TexasCARROLLTON, TEXAS — Locally based brokerage firm Summit RE has negotiated the sale of a 209,476-square-foot office building in the northern Dallas metro of Carrollton. According to LoopNet Inc., the building at 4101 International Parkway was constructed on 14.8 acres in 1998.
Representative imagePiedmont Realty Trust Acquires Office Building in Arlington, Virginia for $56.3MARLINGTON, VA. — Piedmont Realty Trust Inc. has purchased a 188,014-square-foot office building located at 4075 Wilson Blvd. in Arlington’s Ballston submarket.