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Deals news – page 39
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TSB Realty Arranges Sale of 627-Bed Student Housing Community Near Rutgers UniversityNEW BRUNSWICK, N.J. — TSB Realty has arranged the sale of SoCam 290, a 627-bed student housing community located near the Rutgers University campus in New Brunswick. Delivered in 2005, the community offers 233 units in studio through three-bedroom configurations.
PRP Buys Downtown Office Building From Tishman SpeyerThe investment firm paid $30M for 900 19th St. NW and is planning upgrades.
New York Investor Buys Smyrna Flex WarehouseLM Real Estate Partners acquired Smyrna's 3M industrial property for $27M, reflecting a 40% price surge.
Co-Living Complex Near UCLA Will Become Student HousingColliers completed the $8,500,000 sale of a multifamily complex located at 1775 Beloit Av. in West Los Angeles. Vice chair Kitty Wallace represented both the buyer, UCLA Housing Group, and the seller, Enterprise Bank.
Development Site with Uncommonly Long Frontage Sells in BrooklynJLL Capital Markets closed the $23.5-million sale of 1150 Broadway, a residential development site in the Bedford-Stuyvesant neighborhood of Brooklyn.
Triple-Net AutoZone Sells to Private Investor from LAHanley Investment Group Real Estate Advisors and Progressive Real Estate Partners arranged the $2.64-million sale of a renovated, single‑tenant AutoZone in Bakersfield.
Northern NJ Industrial with Heavy Power Trades to Commerce Park InvestorsResource Realty of Northern New Jersey arranged the sale of a high-utility, standalone industrial facility located at 36 Pine St.in Rockaway, NJ.
Marcus & Millichap Finalizes Deal in Sacramento’s Greenhaven NeighborhoodMarcus & Millichap (closed the sale of 915 Johnfer Way, a 34-unit multifamily property in Sacramento. The property sold for $5.6 million or $164,705 per unit.
Calare JV Trades Repositioned Self-Storage and Warehouse in MaldenCalare Properties completed the sale of 1 Wesley Street in Malden, MA. The approximately 103,300-square-foot property includes a fully renovated self-storage facility, a fully leased industrial warehouse building and a retail kiosk.
Tishman Speyer Makes Charlotte Debut With $76.3M Apartment BuyTishman Speyer's first Charlotte deal: a $76.3M multifamily buy in Dilworth.
Representative imageBlue Owl’s Stack Infrastructure Buys Virginia Data Center Site for $66MBlue Owl Capital is pushing beyond Northern Virginia’s Data Center Alley after acquiring a 71-acre development site in Culpeper, Va., for $66.4 million. Blue Owl’s data center operator Stack Infrastructure purchased Culpeper Technology Park at 15140 Keyser Road from RACM.
Representative imageWalmart Development Set for Palm Beach CountyWalmart has paid $11.7 million for development land by the western end of Palm Beach County, Fla., in the latest example of retailers taking greater control over their retail presence, property records show.
JLL Negotiates Sale of 248-Unit Apartment Complex in El PasoEL PASO, TEXAS — JLL has negotiated the sale of Palomar West, a 248-unit apartment complex in El Paso. The property was built on a 10.6-acre site on the city’s west side in 1986 and offers one- and two-bedroom units with an average size of 701 square feet.
Representative imageThe Decisions That Changed EverythingPeople often ask me what the secret was to building a business that sold more than three times the number of investment properties than any other firm in New York City for 14 consecutive years.
Representative imageBerkadia Brokers $8.7M Sale of Northern New Jersey Apartment BuildingELIZABETH, N.J. — Berkadia has brokered the $8.7 million sale of Aberdeen Arms Apartments, a 52-unit building located in the Northern New Jersey community of Elizabeth.
JV Building 382 Apartment Units in Charlotte’s Innovation DistrictGMH Communities (GMH), in partnership with AEW Capital Management (AEW), completed land acquisition for the development of a 20-story, 382-unit luxury residential mixed-use tower, ANOVA The Pearl, located within The Pearl innovation district in Charlotte, North Carolina.
Representative imageNewmark Brokers Sale of 51,795 SF Retail Condo Along Chicago’s Magnificent MileCHICAGO — Newmark has brokered the sale of a 51,795-square-foot retail condominium at 919 N. Michigan Ave. along Chicago’s Magnificent Mile. Louis Vuitton is the anchor tenant and has occupied space at the property for more than 20 years.
Paladin Expands SoCal Workforce Portfolio with Bellflower AcquisitionPaladin Realty Partners LLC, has expanded its growing workforce rental housing portfolio in Southern California with the recent acquisition of Brownstone Apartments, a 17-unit apartment community located in Bellflower.
Westwood Financial Acquires South Town Crossing II In Burleson: The DFW Deal SheetWestwood Financial acquires South Town Crossing II, enhancing their DFW portfolio with strategic retail investments.
IPA Team Closes Sale of Pomona MultifamilyInstitutional Property Advisors (IPA), a division of Marcus & Millichap dedicated to serving the company’s institutional clients, closed the sale of Terramonte at Foothill, a 138-unit multifamily asset in Pomona. The $36.7-million sale price represents $265,942 per unit.