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Deals news – page 33
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City of Mesa Advancing Marriott Hotel PlansThe City of Mesa authorized the town’s city manager to negotiate a deal with a developer to construct a 5-story AC Hotel by Marriott on the northeast corner of Main Street and Centennial Way.
Porter Kyle Adds New 100-Unit BTR Community to East Valley PortfolioPorter Kyle, a Scottsdale-based Build-to-Rent (BTR) developer and general contractor, opened the doors to The Wayne, a 100-unit BTR townhome community in Chandler, Ariz.
Representative imageJLL Negotiates Sale of 291,958 SF Shopping Center in Paris, TexasPARIS, TEXAS — JLL has negotiated the sale of a 291,958-square-foot shopping center in Paris, about 100 miles northeast of Dallas. Paris Towne Center was built in 1976 and is home to tenants such as Aldi, Hobby Lobby, Ross Dress for Less, T.J.
Representative imageZenith IOS Buys 7.6-Acre Facility in Tulsa, OklahomaTULSA, OKLA. — Zenith IOS (industrial outdoor storage) has purchased a 7.6-acre facility in Tulsa. The property at 15403 E. Skelly Drive houses a 26,900-square-foot building with six drive-through bays.
ParkProperty Acquires 280-Unit Buckhead Apartment CommunityParkProperty Capital acquired The Jane, a 280-unit multifamily in the Brookwood district of Atlanta, adjacent to Buckhead. The property was traded for $75 million. CWS Capital Partners was the seller.
Sixth Street, Riller Capital Purchase Pier House Resort in Key West for $190MKEY WEST, FLA. — Sixth Street, a global investment firm based in San Francisco, and partner Riller Capital have acquired Pier House Resort & Spa, a 142-room luxury oceanfront resort located at 1 Duval St. in Key West.
DWG Capital Partners Acquires Manufacturing Facility in Dublin, Virginia Via Sale-LeasebackDUBLIN, VA. — DWG Capital Partners has purchased an 83,683-square-foot manufacturing facility located at 320 Newbern Road in Dublin, a city in southwest Virginia’s I-81 Corridor.
NAI Miami | Fort Lauderdale Arranges Retail Lease Near Miami Marlins Stadium With Biscayne Bay BrewingMIAMI — NAI Miami | Fort Lauderdale has arranged a 9,916-square-foot retail lease at 1588 N.W. 7th St., a retail space within a parking garage at LoanDepot Park, home ballpark of the Miami Marlins. The tenant is Biscayne Bay Brewing Co.
Sixth Street Pays $190M for Key West ResortSixth Street acquired the Pier House Resort & Spa, a 142-room, luxury oceanfront resort in Key West, Florida, for $190 million from Braemar Hotels & Resorts. Sixth Street completed the transaction in partnership with Riller Capital.
IPA Brokers Sale of 275-Unit Multifamily Property in Peoria, ArizonaPEORIA, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Parc Roundtree Ranch, a 275-unit multifamily property located between Loop 101 and U.S. Route 60/Grand Avenue in Peoria. Terms of the transaction were not released.
AV Management Nabs SoHo Mixed-Use for $43MCushman & Wakefield arranged the sale of 73-75 Sullivan St., a newly constructed mixed-use property totaling 32,957 square feet and comprising 11 residential units and a ground-floor commercial space anchored by The Montessori School. The final sale price was $43,333,000.
Institutional Investor Snares San Dimas Light Industrial ParkSRS Real Estate Partners arranged the $41-million sale of San Dimas Commerce Center, a 19-building light industrial park located at 410-490 W. Arrow Hwy, in San Dimas. VP Dave Faris and EVP and senior managing principal Richard Schwartz represented the seller, San Dimas BP LLC.
Walker & Dunlop Arranges Debt, Equity for Port Chester Multifamily ProjectWalker & Dunlop, Inc. has arranged $147.5 million in debt and equity capitalization for the construction of 2 South Main, a 322-unit multifamily project in downtown Port Chester, NY. The sponsorship group is a joint venture between Hyperion, Winter Properties and AIP.
Chicago-Based L&G Acquires Site to Build Multifamily Property in BostonL&G’s Asset Management business in the U.S. has acquired a development site in Concord, Massachusetts, and plans to begin construction on a new two-building, 201-unit multifamily community.
Beacon Partners Sells Charlotte Mixed-Use Development For $92MBeacon Partners has sold a mixed-use development containing a nearly 200K SF office complex in Charlotte’s Lower South End.
Newgard Group Buys West Palm Dev Site to Build Car-Centric Private ClubHarvey Hernandez’s Newgard Group bought a development site in West Palm Beach, Fla., to build an upscale parking garage with a private members club component.
IPA Negotiates Sale of 188-Unit Apartment Complex in ArlingtonARLINGTON, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Flintridge, a 188-unit, garden-style apartment complex in Arlington.
Pearlmark Offloads 216-Unit Bradenton Apartment CommunityPearlmark has sold ShoreView Waterfront Apartments, a 216-unit Class A waterfront multifamily community located at 1161 3rd Avenue N in downtown Bradenton.
Brooklyn Developers to Acquire Church Site in Downtown Brooklyn for Resi ProjectTankhouse and Lonicera Partners — a pair of Brooklyn-based developers — are in contract to acquire a church property in Downtown Brooklyn and build a new residential building on the site.
Turnbridge Acquires Raleigh Apartments, Upgrades on WayTurnbridge Equities acquired the 320-unit Skyhouse Raleigh, a multifamily community in downtown Raleigh. ACORE CAPITAL provided a $62 million first mortgage on the property. Equity for the transaction was provided by Turnbridge.