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Deals news – page 36
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Representative imageMarcus & Millichap Brokers Sale of 17,107 SF Retail Strip Center in Flower Mound, TexasFLOWER MOUND, TEXAS — Marcus & Millichap has brokered the sale of Long Prairie Plaza, a 17,107-square-foot retail strip center in Flower Mound, located in the northern-central part of the metroplex.
Monarch Investment Sells 153-Unit Fox Hill Apartments in Golden, ColoradoGOLDEN, COLO. — Monarch Investment & Management Group has sold Fox Hill Apartments, a 153-unit garden-style multifamily community located west of Denver in Golden. Sierra Parkway Communities acquired the asset for $32 million.
JLL Arranges Sale of 336-Unit Multifamily Community in Burnsville, MinnesotaBURNSVILLE, MINN. — JLL Capital Markets has arranged the sale of Twelve 501 Apartments, a 336-unit multifamily community in the Twin Cities suburb of Burnsville.
Representative imageNewmark Negotiates 150,316 SF Industrial Lease for Dynamic Manufacturing in Metro ChicagoFOREST PARK, ILL. — Newmark has negotiated a long-term, full-building industrial lease totaling 150,316 square feet at 7801 Industrial Drive in Forest Park on behalf of Dynamic Manufacturing. Corey Chase of Newmark represented the tenant. First Industrial Realty Trust Inc.
MADDD Equities Scoops Up Vacant West Farms IndustrialAriel Property Advisors closed the sale of 425 Devoe Ave., a vacant multi-story industrial property in the West Farms neighborhood of The Bronx, for $10,750,000.
Matawan Retail Trades to Private Investor for $15MMarcus & Millichap completed the sale of Park Plaza, a retail center in Matawan, NJ. The asset sold for $14.67 million.
Developer To Replace Coworking Space With Industrial: The Houston Deal SheetThis week in Houston real estate news, Stotan Industrial is building a 345K SF facility, a grocery store portfolio trades, and more.
RAF Pacifica Group Acquires Fully Leased Retail in Downtown EncinitasRAF Pacifica Group (RPG), a commercial real estate investment firm focused on acquiring and developing retail, industrial, mixed-use, and office properties across San Diego, has acquired a fully leased, five-tenant retail building at 548-568 South Coast Hwy.
Newmark Arranges Full-Building Lease for Dynamic Manufacturing in Forest ParkNewmark has arranged a long-term, full-building industrial lease totaling 150,316 square feet on behalf of the tenant, Dynamic Manufacturing, at 7801 Industrial Drive in Forest Park, Illinois.
Longfellow Sells Hatch Life Sciences Building in LIC for $87MLife sciences developer Longfellow Real Estate Partners has parted with its first-ever New York City project at a discount.
Representative imageBarry Sternlicht’s Starwood Buys Two Miami Affordable Housing RentalsBarry Sternlicht’s Starwood Asset Management has acquired two affordable housing properties in Miami-Dade County from the Gatehouse Group, paying a combined $63.8 million, property records show.
BH Picks Up Nearly 300K-SF Plano Office ParkBH Properties, a value-add real estate investment firm with regional offices in Dallas, Austin, and Houston, completed the acquisition of Tollway North Office Park, a 297,591-square-foot, seven-building business park in Plano, Texas.
Cabot Offloads 2.4M-SF Texas Industrial PortfolioCabot Properties sold an eight-building modern industrial portfolio totaling approximately 2.4 million square feet across Dallas-Fort Worth and Houston, Texas. The portfolio was acquired by a private real estate investment firm.
Franklin Street Negotiates Sale of 138-Unit Multifamily Property in Southwest Fort WorthFORT WORTH, TEXAS — Tampa-based brokerage firm Franklin Street has negotiated the sale of The Reserve on Willow Lake, a 138-unit multifamily property in southwest Fort Worth. Built in 1996, the property offers two- and three-bedroom apartments, as well as townhomes.
Representative imageMarcus & Millichap Brokers Sale of 12,000 SF Industrial Building in Midland, TexasMIDLAND, TEXAS — Marcus & Millichap has brokered the sale of a 12,000-square-foot industrial building in the West Texas city of Midland.
JLL Arranges Recapitalization of Downtown Pittsburgh Mixed-Use PropertyPITTSBURGH — JLL has arranged the recapitalization of Tower Two-Sixty, a mixed-use property in downtown Pittsburgh.
Representative imageTredway Buys Brooklyn Affordable Housing Property for $41.5M, Plans RenovationsNEW YORRK CITY — Local owner-operator Tredway has purchased Restore Housing, a 138-unit affordable housing property in Brooklyn’s Bedford-Stuyvesant neighborhood, for $41.5 million with plans to implement renovations.
Representative imageCBRE Brokers $6.8M Sale of Industrial Development Site in Dover, New JerseyDOVER, N.J. — CBRE has brokered the $6.8 million sale of a 6.5-acre industrial development site in the Northern New Jersey community of Dover.
Representative imageVidal/Wettenstein Negotiates $6.4M Sale of Industrial Building in Trumbull, ConnecticutTRUMBULL, CONN. — Locally based brokerage firm Vidal/Wettenstein has negotiated the $6.4 million sale of a 57,000-square-foot industrial building in the southern coastal Connecticut city of Trumbull.
Milestone Group Trades Kendall Apartment Complex for $109MHarbor Group International has bought Emerald Palms, a 505-unit garden apartment complex near Zoo Miami in Kendall, for $109 million from Milestone Group, which paid $107 million for the same property in 2021.