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Deals news – page 20
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Partners Capital Sells Austin Shopping Center, Citing Strong Investor AppetitePartners Capital sells Oak Hill Plaza retail center in Austin, showing strong investor interest.
Downtown Office Building Approved For Conversion Trades For $8.5M: The Boston Deal SheetThe 85 Devonshire St. property sold to a local developer. Also in the Deal Sheet, multiple downtown buildings get financing and Constitution Marina sells.
Colliers Completes Sale of Healthcare Center in Twin Cities MetroColliers completed the sale of Eagan Medical Center, an outpatient facility located at 1185 Town Centre Drive in Eagan, Minnesota.
Essex Realty Group Brokers Sale of 12-Unit MF in Tinley ParkEssex Realty Group completed the sale of 17114 71st Avenue, a 12-unit multifamily property in Tinley Park, Illinois, for $1.51 million. The property consists of ten two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units.
Ridge Capital Offloads Two Ukiah Apartment ComplexesRidge Capital sold a two-apartment Northern California portfolio for $23.5 million. No buyer was disclosed. The apartment portfolio includes Sierra Sunset Village, a 68-unit development at 531 Capps Land and the Alderwood Apartments, a 53-unit venture at 1450 S.
Marcus & Millichap Brokers Sale of $10M Baltimore Industrial PropertyMarcus & Millichap brokered the sale of 6901 Rolling Mill Road, a single-tenant manufacturing facility in Baltimore. The asset sold for $9.96 million.
Vacant Industrial Property in Illinois Trades HandsMarcus & Millichap completed the sale of 421 W. Industrial Ave., a vacant, single-tenant industrial property in Effingham, Illinois.
Tishman Speyer Acquires 376-Unit Anaheim Rental CommunityTishman Speyer acquired Rise, a multifamily community encompassing 376 market-rate apartments in Anaheim’s Platinum Triangle District. MORE Residential has owned the property since 2022.
Dermatology Chain LaserAway Adds 15th NYC Location on the Upper East SideSkin care, hair removal and body wellness services provider LaserAway is getting ready to open its 15th New York City location on Manhattan’s Upper East Side, Commercial Observer has learned.
Related Ross Buys Land for Major Mixed-Use Dev in FloridaBillionaire Stephen Ross has closed on a land acquisition to build a major, open-air mixed-use development in Wellington, a village in Palm Beach County, Fla., renowned for its equestrian scene.
17-Story Denver Office Tower Trades for $3.6MA number of Denver office towers continue to suffer profitability issues. The 17-story tower, once known as Columbine Place, has been bought for $3.63 million. The Denver Business Journal reports building values in downtown Denver have dropped significantly since then.
Representative imageScion Group, Ares Acquire U.S. Student Housing Portfolio for $435MIn their second major acquisition this year, student housing owner and operator the Scion Group and private equity giant Ares Management have purchased a four-community student housing portfolio in Texas, Tennessee and Georgia for approximately $435 million.
Representative imageMarcus & Millichap Brokers Sale of 277-Unit Self-Storage Facility in Athens, TexasATHENS, TEXAS — Marcus & Millichap has brokered the sale of North Loop Mini Warehouses, a 277-unit self-storage facility in Athens, about 75 miles southeast of Dallas. The facility was built on 7.6 acres in 1994 and spans 53,812 net rentable square feet.
Representative imageFinial Group Acquires 21,500 SF Industrial Building in North HoustonHOUSTON — Locally based brokerage and investment firm Finial Group has acquired a 21,500-square-foot industrial building in North Houston. The building at 15375 Vantage Parkway E features 20-foot clear heights, two grade-level doors and four dock-high doors.
Representative imageSTRIVE Arranges Sale of 11,397 SF Retail Strip Center in Oklahoma CityOKLAHOMA CITY — Dallas-based brokerage firm STRIVE has arranged the sale of Quail Springs Shoppes, an 11,397-square-foot retail strip center in Oklahoma City. Tenants include CNS Jewelry & Watch Repair and Sit Still Kids Salon.
JLL Arranges Sale of 10.5 MSF Southeast Industrial Portfolio for EQT Real EstateCHICAGO — JLL has arranged the sale of a 10.5 million-square-foot industrial portfolio in the Southeast. EQT Real Estate is selling the 46-building portfolio to an affiliate of California-based LBA Realty for an undisclosed price.
Fairfield Acquires 812-Unit Apartment Community in West Palm Beach from Cortland for $208MWEST PALM BEACH, FLA. — Fairfield, a multifamily owner-operator based in San Diego, has acquired Portofino Place Apartments in West Palm Beach. Atlanta-based Cortland sold the 812-unit property to Fairfield for $208 million, according to multiple media outlets.
Home Invest Purchases 997-Unit Multifamily Community in Stone Mountain, GeorgiaSTONE MOUNTAIN, GA. — Home Invest, a private real estate investment firm based in Palm Beach Gardens, Fla., has purchased East Ponce Village, a 997-unit multifamily community located at 1310 Wood Bend Drive in Stone Mountain. The seller and sales price were not disclosed.
Representative imageChobani Agrees to Buy Former Keurig Dr Pepper Manufacturing Facility in Allentown, Pennsylvania for $125MALLENTOWN, PA. — Chobani has entered into an agreement to acquire the former manufacturing facility of Keurig Dr Pepper in the Lehigh Valley city of Allentown, including the lease, equipment and operations and related infrastructure, for $125 million.
Freestone Capital Acquires 106-Unit Multifamily Property in Seattle for $32.2MSEATTLE — Freestone Capital has acquired Aperture on Fifth, a 106-unit multifamily property located in the Denny Triangle neighborhood of Seattle. PrivatePortfolio GroupFreestone Capital sold the property for $32.2 million, or $304,245 per unit.