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Deals news – page 2
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Representative imageBXP Sells D.C. Office to Jemal Equities for $92MBXP has unloaded a 254,000-square-foot office building in Washington, D.C.’s Dupont Circle for $92.3 million as the firm sheds older properties in the nation’s capital.
Arrow Linen Site in Park Slope Sells for Residential DevelopmentJLL Capital Markets arranged the $55-million sale of 441–467 Prospect Ave., a residential development site in Brooklyn’s Park Slope neighborhood.
JV Acquires Hartford-Area Industrial with Long-Term TenantA joint venture comprising Regal Ventures, Snowball Developments and Devli Real Estate has acquired a 186,603-square-foot, single-tenant industrial asset located at 600 Day Hill Road in Windsor, CT, near Hartford’s Bradley International Airport.
Family Office Acquires Fresno Apartments from Long-Term OwnerNorthmarq’s Fresno Investment Sales team, led by Robin Kane and Brendan Kane, brokered the $2.23-million sale of 1550 W Swift Ave., an 18-unit multifamily property located at 1550 W. Swift Ave. in Fresno. The Northmarq team represented the seller, a Colorado-based family office.
Hudson Pacific Sells San Francisco Office BuildingsHudson Pacific divests two San Francisco buildings, boosting capital while reducing risks. Learn more about its strategic moves.
Edens Raises $850M To Fund Retail Purchases, DevelopmentsEdens' move comes as new retail development remains constrained while demand booms.
Representative imageHouston Investor Buys Arlo Wynwood Hotel for at Least $44MDauntless Capital Partners paid at least $44.3 million for the Arlo Wynwood hotel in Miami, property records show. The nine-story building features 217 guest rooms, as well as a cafe on the ground floor and a bar and pool on the rooftop.
Arrow Linen Supply Sells Stalled Park Slope Development Site for $55MArrow Linen Supply Company, a family-owned laundry rental business, has sold its recently rezoned property in Park Slope, Brooklyn, to a developer.
PAULS Re-Acquires 15-Story Denver Office TowerPAULS acquired Regency Plaza, a 15-story, 335,908 square foot Class A office tower located at 4643 South Ulster Street in the Denver Tech Center. The building was purchased from Granite Properties.
Representative image37th Parallel Acquires 222-Unit Apartment Complex in Sachse, TexasSACHSE, TEXAS — Virginia-based investment firm 37th Parallel Properties has acquired Woodbridge Villas, a 222-unit apartment complex in Sachse, a northeastern suburb of Dallas.
Orion Acquires 88K-SF Boone Retail CenterOrion Real Estate Group paid $26.1 million for Watauga Village, an 88,800-square-foot, Food Lion-anchored neighborhood shopping center at 276 Watauga Village Drive in Boone, North Carolina.
Representative imageJLL Negotiates Sale of Shopping Center in Northwest AustinAUSTIN, TEXAS — JLL has negotiated the sale of Casis Village, a shopping center in northwest Austin’s Tarrytown neighborhood. The square footage was not disclosed, but the site spans 3.4 acres. Grocer Randalls anchors the center, which was 92 percent leased at the time of sale.
Representative imageJLL Negotiates Sale of 405-Unit Self-Storage Facility in Jefferson Valley, New YorkJEFFERSON VALLEY, N.Y. — JLL has negotiated the sale of a 405-unit self-storage facility in Jefferson Valley, about 50 miles north of New York City.
JV Pays $220M for Alpharetta HotelCrescent Real Estate offloaded The Hotel at Avalon, a 330-Key Hotel in Alpharetta. Commercial Search reports that Endeavor Real Estate Group and Cox acquired The Hotel at Avalon for $220 million. Crescent has owned the since September 2020. The hotel debuted in 2018.
Victoria Industrial Acquires Seven-Building Portfolio in Northern Virginia for $75MSTERLING, HERNDON AND CHANTILLY, VA. — Victoria Industrial Properties, a real estate investment firm based in New Jersey, has acquired a seven-building industrial and flex portfolio in Northern Virginia’s Dulles Corridor for $75 million.
Representative imageRockpoint Purchases 1 MSF Industrial Campus in Chester, VirginiaCHESTER, VA. — Boston-based Rockpoint, along with affiliate firm Rockpoint Industrial, has acquired Richmond Trade Center, a 1 million-square-foot industrial campus in Chester, a southern suburb of Richmond. The seller and sales price were not disclosed.
JLL Arranges Sale of 270-Unit Apartment Community Near Myrtle BeachLITTLE RIVER, S.C. — JLL has arranged the sale of The Lorrel, a 270-unit, garden-style apartment community located at 3465 Sandler Blvd. in Little River, a suburb of Myrtle Beach.
TSCG Brokers $8.4M Sale of Publix-Anchored Shopping Center in Fort Walton Beach, FloridaFORT WALTON BEACH, FLA. — TSCG has brokered the $8.4 million sale of The Shoppes at Paradise Pointe, a Publix-anchored shopping center located at U.S. Highway 98 and Perry Avenue SE in Fort Walton Beach.
GID Acquires 524-Unit Griffis North Creek Multifamily Community in Bothell, WashingtonBOTHELL, WASH. — GID has purchased Griffis North Creek, a multifamily property in Bothell, from Griffis Residential for an undisclosed price.
Berkadia Negotiates $54.7M Sale of Sagecliff Apartment Community in RenoRENO, NEV. — Berkadia has directed the sale of Sagecliff, a multifamily property located at 2777 Northtowne Lane in Reno. A California-baed real estate investment firm sold the asset to a California-based private family office for $54.7 million.