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Ziff Real Estate Partners Acquires Charleston Shopping Center for $22.6MCHARLESTON, S.C. — Locally based Ziff Real Estate Partners (ZRP) has acquired West Ashley Shoppes, a 136,327-square-foot shopping center located at 946 Orleans Road in Charleston’s West Ashley neighborhood. Baltimore-based Continental Realty Corp.
Continental Spins Off Charleston Power CenterContinental Realty Corporation (CRC) completed the $22.57 million sale of West Ashley Shoppes, a 136,000- square-foot retail power center located at 946 Orleans Road in Charleston, South Carolina, to Ziff Real Estate Partners.
Affinius Capital Provides $400M Loan for Refinancing of Downtown Brooklyn Multifamily ProjectNEW YORK CITY — Affinius Capital has provided a $400 million loan for the refinancing of 102 Fleet, a 30-story multifamily project in downtown Brooklyn.
Capano Buys Downtown Philadelphia Apartment Building for $23.7M, Plans RenovationPHILADELPHIA — Delaware-based investment firm Capano Residential has purchased Rittenhouse Row Apartments, an 80-unit apartment building in downtown Philadelphia, for $23.7 million, with plans to implement a renovation.
Representative imageMarcus & Millichap Brokers $6.2M Sale of Jersey City Apartment BuildingJERSEY CITY, N.J. — Marcus & Millichap has brokered the $6.2 million sale of a 19-unit apartment building in Jersey City. The four-story building at 358–362 Grove St. also includes three retail spaces.
Representative imageJacobson Properties Arranges Sale of 41,333 SF Medical Office Building Near SyracuseDEWITT, N.Y. — New York-based brokerage firm Jacobson Properties has arranged the sale of a 41,333-square-foot medical office building in DeWitt, an eastern suburb of Syracuse. The building is located within Widewaters Office Park.
Ascent Cos., Merit Partners Open 286-Unit Multifamily Community in Avondale, ArizonaAVONDALE, ARIZ. — Ascent Cos. and Merit Partners have opened The Stately Avondale, an apartment property located at 12375 W. Van Buren St. in Avondale. Bryten Real Estate Partners is providing management services for the property.
Investors Management Group Sells Valley Vista Apartments in Tacoma, Washington for $15.8MTACOMA, WASH. — Investors Management Group (IMG) has completed the disposition of Valley Vista Apartments, a multifamily community in Tacoma, to m5x2 for $15.8 million. IMG originally acquired the asset in October 2016 for $11.4 million.
Gantry Secures $14.8M Refinancing for Latitude Queen Anne Apartments in SeattleSEATTLE — Gantry has secured a $14.8 million permanent loan to refinance maturing debt for the Latitude Queen Anne, a multifamily property located in Seattle’s Queen Anne neighborhood. Located at 500 3rd Ave.
Pinnacle Real Estate Advisors Brokers Sale of 20,034 SF Medical Office Property in Littleton, ColoradoLITTLETON, COLO. — Pinnacle Real Estate Advisors has arranged the sale of Chatfield Plaza, a medical office property situated within Ken Caryl Business Park in Littleton. The asset traded for $3.2 million.
The Plan: Quiet on Set at Pier 94 Studios Near Hudson River ParkLights, camera, b***h smile! Sunset Pier 94 Studios, the first purpose-built film and television studio in Manhattan, officially opened Jan. 22.
Convene Hospitality Group Secures Strategic Growth CapitalConvene Hospitality Group (CHG) said Tuesday it has secured $230 million in strategic growth capital toaccelerate global expansion across its multi-brand platform.
Mazak to Occupy Full Building at Dedeaux’s Swallows Creek CampusMazak Corporation signed a long-term lease for an entire 14,093-square-foot building at Swallows Creek, a newly constructed Class A three-building, 136,000-square-foot industrial campus located at 30590 to 30700 Rancho Viejo Rd. in San Juan Capistrano.
Affinius Lends $300M to Refinance Downtown Brooklyn ApartmentsAffinius Capital LLC closed on a $300-million loan to refinance 102 Fleet, a Class A, 495-unit, 30-story multifamily project with 3,700 square feet of ground-floor retail space located in Brooklyn.
United Properties Breaks Ground on Seniors Housing Project in MinnesotaUnited Properties has broken ground on Amira Corcoran, a new 143-unit, 55-plus active adult rental community located at 7330 Brockton Lane N. in Corcoran, Minnesota. The four-story development expands the Amira senior living portfolio in the northwest Twin Cities metro.
Marcus & Millichap’s Totah Group Closes Retail Sale in San DiegoMarcus & Millichap completed the sale of Mid-City Retail, a 4,630-square-foot retail and land property located in San Diego. The sale price was $1,150,000.
CBRE Arranges Sale of 372-Unit Indianapolis Multifamily PropertyCBRE has arranged the sale of Deercross, a 372-unit multifamily property in Indianapolis. Iconic Property Partners purchased the property from an affiliate of Wilkinson Corporation for an undisclosed amount.
Bellevue Developer Acquires Former Selig PropertyNorwestern LLC, a Bellevue development company, has purchased a building at 3031 Western Avenue for $5.3 million, with plans to build a 13-story, 120-unit luxury apartment building at the property next to Seattle’s Olympic Sculpture Park.
Cofe Properties Buys Doral Office Buildings for $63MA joint venture led by Ascentris has sold off two buildings within the Westside Plaza office campus in Doral, Fla., nearly two months after launching the multifamily conversion of a third building.
Colliers Lists Largely Vacant Bridgewater Offices for SaleColliers has the listing for CenterPointe III, a Class A, three-story office building located at 1150 Rte. 22 E. in Bridgewater, NJ. The property is available for sale through Ten-X from April 20 to April 22.