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AEW Sells Industrial Park For $61M: The Los Angeles Deal SheetAEW sold a 200K SF business park in Walnut to CIP Real Estate for $60.7M. The JLL Capital Markets team facilitated the transaction.
Representative imageU.S. Government Pays $285M for Defense Health Agency HQ in Northern VirginiaThe federal government has acquired the Defense Health Agency’s Northern Virginia headquarters for $285 million, adding another large leased office campus to the nation’s real estate portfolio.
New-Construction Car Wash Properties Sell in Murrieta, RiversideRealSource Group, a national commercial real estate brokerage company specializing in investment sales, sale‑leasebacks and tenant representation, has arranged the sale of two new-construction, single-tenant Quick Quack Car Wash properties in Murrieta and Riverside.
Hudson Pacific Sells Nearly Vacant San Francisco Office Complex for $65MHudson Pacific Properties, Inc. said Friday it completed the sale of 875 and 899 Howard, two downtown San Francisco properties totaling approximately 284,000 square feet, for $65.5 million before prorations and closing costs. The buyer was not disclosed.
Deer Park Town Center Trades For $125M, Suburban Retail Buying Spree Rolls OnThe sale set the mark for the highest retail deal in the Chicago area in a decade, snatching the record from another center that traded earlier in September.
Harbor Associates Sells Office Campus in North L.A. County for $32MStrauss Investments has acquired a smaller two-building office campus in northern Los Angeles County for $32 million.
Prestige Companies Buys Back Dania Beach, Fla., Residential Complex at a DiscountA condominium community in Dania Beach, Fla., has traded for $27.3 million in a deed-in-lieu of foreclosure, which is nearly $10 million less than its previous sale price, buyer Prestige Companies said Thursday.
HFO Investment Real Estate Closes $27M Sale of Luxury Apartments in FairviewHFO Investment Real Estate has completed the $27.3 million sale of Fieldstone Luxury Apartments, a 154-unit community at 20650 NE Halsey St. in Fairview, Oregon. Affordable Housing Associates of Irvine, Calif., sold the property to Benedict Canyon Equities of Los Angeles.
Buchanan Acquires Dallas Office TowerBuchanan Capital Partners purchased the Churchill Tower, a 277,268-square-foot Class A office tower in Dallas’s Park Central submarket. TXRE was the seller. The 12-story tower is located at 12400 Coit Road.
N. Phoenix Apartments Trade for $58.7MInstitutional Property Advisors (IPA) brokered the sale of Ascend at Black Canyon, a 260-unit multifamily property in Phoenix, Arizona. The asset traded for $58.7 million, or $225,769 per unit. DR Horton was the seller, Millburn & Company the buyer.
Partnership Acquires Shuttered Mall in North Houston, Plans $150M Industrial RedevelopmentHOUSTON — A partnership between Dallas-based Lincoln Property Co. (LPC) and New York Life Investment Management has acquired a shuttered mall in North Houston with plans to implement a $150 million industrial redevelopment.
Representative imageCanTex Capital Buys 14,860 SF Warehouse in Haltom City, TexasHALTOM CITY, TEXAS — Local investment firm CanTex Capital has purchased a 14,860-square-foot warehouse in Haltom City, located north of Fort Worth. The building at 2504 Minnis Drive was constructed in 1978 and was vacant at the time of sale.
Representative imageMarcus & Millichap Brokers $16.2M Sale of Bronx Retail BuildingNEW YORK CITY — Marcus & Millichap has brokered the $16.2 million sale of a 28,819-square-foot retail building in The Bronx. The building at 2244 Westchester Ave.
Aviation Repair Company Pays Nearly $30M for Doral WarehouseTranswestern brokered the acquisition of a 112,000-square-foot industrial property at 2100 NW 88 Court in Doral, Florida, for $29.5 million.
Confluent Development, Ovation Group Sell 168-Unit Seniors Housing Community in Las VegasLAS VEGAS — A joint venture between Confluent Development and Ovation Group has sold MorningStar at The Canyons, a seniors housing community located in Las Vegas. Confluent and Ovation co-developed the property, which totals 168 units, with MorningStar Senior Living.
Representative imageBrennan Investment Group Acquires 136,744 SF Industrial Property in DenverDENVER — Brennan Investment Group has purchased 5050 Ironton, an industrial building on 8.7 acres within Montbello Industrial Park in Denver’s northeast industrial submarket. Terms of the transaction were not disclosed.
Brand Street, AEW Buy 410,000 SF Deer Park Town Center in Metro Chicago for $125MDEER PARK, ILL. — Brand Street Properties and AEW Capital Management have acquired Deer Park Town Center, a 410,000-square-foot, open-air shopping center in Deer Park, about 35 miles northwest of downtown Chicago.
Tempus Realty Partners Acquires 546,548 SF Office Property in Minnesota for $66MHOPKINS, MINN. — Tempus Realty Partners, an Arkansas-based real estate investment firm, has acquired Excelsior Crossings, a two-building office property totaling 546,548 square feet in Hopkins. The purchase price was $66 million.
Highgates Sells Multifamily Property in New Albany, Indiana for $9.5MNEW ALBANY, IND. — Highgates has sold High Park Apartments, a 96-unit multifamily community in New Albany near Louisville, for $9.5 million. Highgates acquired the property in July 2019 for $6.7 million utilizing a 10-year, fixed-rate Fredie Mac loan at a rate of 4.4 percent.
David Burris-Led Investor Group Acquires Upper East Side AssemblageLee & Associates NYC arranged the $28.1-million sale of three adjacent mixed-use properties at 780 Lexington Ave., 782 Lexington Ave. and 136 E. 61st St. on Manhattan’s Upper East Side.