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Deals news – page 26
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Tavaco Properties Buys DMV Office for $29MTavaco Properties has added another discounted office property to its growing Greater Washington portfolio. The Los Angeles-based firm paid $28.5 million for a 272,300-square-foot building in Falls Church, Va., Business Journals first reported.
Classical Christian School Acquires Permanent Upper West Side HomeDenham Wolf Real Estate Services represented The Geneva School of Manhattan in acquiring a permanent Upper West Side campus, securing a long-term home for the independent Classical Christian school.
SENTRE Acquires Carlsbad Industrial Long-Term Leased to Glanbia NutritionalsCBRE facilitated the $26.6-million sale and financing of 2840 Loker Ave. East, a 104,298-square-foot industrial property in Carlsbad.
Alexandria Sells Cambridge Lab Condo Units For $45MDraper bought the Cambridge lab condos from life sciences REIT Alexandria, which had purchased them for $120M in 2022.
Jemals Sell Georgetown Building To Developer Planning ConversionDouglas sold the mixed-use 2715 M St. building in Georgetown to Adams Investment Group, which is planning to convert the commercial space to residential.
Representative imageMarcus & Millichap Brokers Sale of 218,689 SF Office Campus in Northwest HoustonHOUSTON — Marcus & Millichap has brokered the sale of The Preserve at North Loop, a 218,689-square-foot office campus in northwest Houston. Built in 1970, the 12.7-acre campus consists of seven buildings that were approximately 65 percent leased at the time of sale.
Representative imageAtlantic Capital Partners Negotiates $8M Sale of Shopping Center in Milford, MassachusettsMILFORD, MASS. — Regional brokerage firm Atlantic Capital Partners (ACP) has negotiated the $8 million sale of Milford Square, a 50,326-square-foot shopping center located about 40 miles southwest of Boston.
Marcus & Millichap Arranges Sale of Two Louisiana Multifamily Properties Totaling 462 UnitsBATON ROUGE AND NATCHITOCHES, LA. — Marcus & Millichap has arranged the sale of two multifamily properties totaling 462 units in Louisiana: Magnolia Trace in Baton Rouge and The Melrose in Natchitoches.
Foundry Commercial Negotiates Sale of 104,897 SF Office Complex in St. Petersburg, FloridaST. PETERSBURG, FLA. — Foundry Commercial has negotiated the sale of Castille at Carillon, a two-building office complex located at 400 and 450 Carillon Parkway in St. Petersburg, a suburb of Tampa.
SRS Real Estate Partners Negotiates $41M Sale of Industrial Park in San Dimas, CaliforniaSAN DIMAS, CALIF. — SRS Real Estate Partners has negotiated the $41 million sale of San Dimas Commerce Center, a 19-building light industrial park at 410-490 W. Arrow Highway in San Dimas, located in the San Gabriel Valley area of Los Angeles County.
Local Owner-Operator Snags Pico-Robertson Apartment PropertyMarcus & Millichap closed the sale of 1476 S Shenandoah St., a 16-unit multifamily property in Los Angeles. The property sold for $5.3 million, or $334,937 per unit.
JLL Arranges 80K SF of Leases at Repositioned Former Siemens BuildingJLL has completed approximately 80,000 square feet of new leasing on behalf of Argent Ventures at 170 Wood Ave. in Iselin, NJ.
Gantry Arranges Recapitalization for NorCal Industrial PortfolioGantry has secured a $28.3 million loan to recapitalize a three-building portfolio of industrial properties located in California’s Central Valley. The cross-collateralized properties encompass a total of 531,000 square feet and are located at 550 N.
Cross Ocean Partners, Fuller Realty Acquire 829K SF Houston Office CampusCross Ocean and Fuller Realty acquire 829K SF Energy Corridor office campus Eldridge Place.
Representative imageCoStar Closes $800M Cash Acquisition of New-Home Platform ZondaCoStar Group, a leading provider of online real estate marketplaces, information, analytics and 3D digital twin technology, announced that it has completed its acquisition of Zonda, a new home-construction data, homebuilder software and residential real estate marketplace…
Representative imageJBL Asset Management Buys Retail Condo Near Miami Design DistrictAlta Developers sold off a retail condo near the Miami Design District for $17.3 million, property records show. JBL Asset Management purchased the 25,504-square-foot asset on the ground floor of the Quadro condo building.
Invesco Cuts Fees, Adds Incentives To Quell Fund Redemption RequestsInvesco is cutting its fees for investors that have no redemption requests for its Invesco Core Real Estate-USA fund.
Now Is the Time to Buy in Commercial Real Estate: Morgan StanleyDespite a bumpy economy and increasingly high Treasury yields, one global investment firm believes now is the time to pounce on U.S. commercial real estate.
RangeWater Spends $55M on Atlanta Rental CommunityBell Partners sold Bell Buckhead West for $54.9 million. RangeWater Residential was the buyer. Bell Partners paid $62 million to acquire the asset in 2017, which is at 3201 Downwood Cir. in Atlanta. RangeWater renamed the property Blaine Buckhead West.
CBRE Brokers $34.5M Sale of Turtle Creek Apartments in Riverside, CaliforniaRIVERSIDE, CALIF. — CBRE has facilitated the sale of Turtle Creek Apartments in Riverside. Turtle Creek Residential LLC sold the asset to SC El Camino LLC for $34.5 million in an off-market transaction. Eric Chen and Blake Torgerson of CBRE handled the deal.