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Deals news – page 47
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Colliers Negotiates Sale of 302,400 SF Industrial Facility in Shelbyville, KentuckySHELBYVILLE, KY. — Colliers has negotiated the sale of a 302,400-square-foot industrial facility located at 530 Logistics Drive in Shelbyville, a suburb roughly 30 miles east of Louisville.
Entre Commercial Realty Brokers Sale of 95,179 SF Industrial Facility in Elgin, IllinoisELGIN, ILL. — Entre Commercial Realty has brokered the sale of a 95,179-square-foot industrial facility located at 999 Raymond St. in Elgin. The buyer, a locally based parts distributor, plans to invest in substantial renovations to both the office and warehouse areas.
Battery Storage Is Real Estate's Supercharged New Asset ClassAs anxiety builds over whether there will be enough electricity available to power the data center construction boom, investors have started to pour billions into properties where they can hoard energy.Brookfield reached a $7B deal last week to acquire...
AI Firm Mercor Brings One World Trade to 97% LeasedThe Durst Organization and The Port Authority of New York and New Jersey announced that Mercor has signed a lease at One World Trade Center for 25,550 square feet on the 77th floor. The term length was not disclosed.
Roselle Park Apartments Trade After Brokers Resolve Permit IssueRoselle Grande, a 119-unit garden-style apartment community located at 220-250 W. Sumner Ave. in Roselle Park, NJ, has changed hands for an undisclosed price, in a transaction arranged by SAGE Real Estate Advisors.
Williams Tower Acquired For $300M In Largest Single-Property Office Sale Since 2019Williams Tower, the iconic office tower next to The Galleria, has sold to its namesake tenant for more than $300M. This is the largest single-property office sale in Houston since 2019, according to Green Street News.
Marcus & Millichap Closes NorCal Seniors Housing SaleMarcus & Millichap closed the sale of Redwood Meadows, a 101-unit senior multifamily property located at 1475 Baechtel Rd. in Willits. The property sold for $10.8 million, or $106,931 per unit.
Stotan Industrial Acquires 15 Acres to Develop 221K-SF Industrial FacilityStotan Industrial has acquired approximately 15 acres at 11231 Katherines Crossing in Woodridge, Illinois, for the development of Stotan Crossings Woodridge, a 221,400-square-foot industrial facility.
REPORT: Google Quadruples Miami Office After Founders' Mansion BuysNot long after billionaires Sergey Brin and Larry Page dropped a combined hundreds of millions of dollars on Miami real estate, the company they founded is growing its Magic City office presence.
Bascom Buys 183-Unit Orange County, Calif., Complex for $53MThe Bascom Group has acquired a 183-unit apartment complex in Orange County, Calif., as the company expands its multifamily holdings this year in the Western U.S. The Irvine, Calif.-based investment firm put down $53.1 million for Castlewood Park Apartments in Buena Park.
Representative imageCentaur Sells Panther National Golf Resort and a Housing Dev for $191MOhana Real Estate Investors paid $191.2 million for the Panther National golf resort and a luxury housing development in Palm Beach Gardens, Fla., property records show. The asset spans 392 acres within the Avenir master development at 10391 Panther National Boulevard.
Woodside Spins Off 100K-SF Glendale Office CampusWoodside Health sold the Arrowhead Executive Center in Glendale for $25 million. Arrowhead Executive Center comprises 101,397 square feet of Class B office and medical space across eight buildings situated on 12 acres of prime infill land.
JLL Arranges Construction Debt, Joint Venture Equity for Dallas Mixed-Use ProjectDALLAS — JLL has arranged undisclosed amounts of construction debt and joint venture equity for 8300 Douglas, a mixed-use project that will be located in the Preston Center submarket of Dallas.
Representative imageMamdani Appoints Lina Khan as Board Chair of EDCIn a flurry of announcements on Wednesday, New York Mayor Zohran Mamdani has appointed Lina Khan, the former chair of the Federal Trade Commission (FTC), as the new board chair of New York City’s Economic Development Corporation (EDC).
Representative imageRealterm Buys 40-Acre Industrial Outdoor Storage Facility in Laredo, TexasLAREDO, TEXAS — Realterm, a global investment manager focused on transit-oriented properties, has purchased a 40-acre industrial outdoor storage (IOS) facility in the South Texas city of Laredo.
Partnership Agrees to Acquire Providence Place Mall in Rhode Island for $133MPROVIDENCE, R.I. — A partnership between Syracuse-based Pyramid Management Group, Paolino Properties and DW Partners has agreed to acquire Providence Place Mall, a 1.4 million-square-foot lifestyle center, for $133 million.
Representative imageMarcus & Millichap Brokers $8.8M Sale of Retail Building in Edison, New JerseyEDISON, N.J. — Marcus & Millichap has brokered the $8.8 million sale of a 5,585-square-foot retail building in the Central New Jersey community of Edison. Convenience store operator Wawa occupies the single-tenant building at 1095 U.S.
Representative imageJLL Negotiates $8.5M Sale of Grocery Building in Beverly, MassachusettsBEVERLY, MASS. — JLL has negotiated the $8.5 million sale of a 60,666-square-foot grocery building in Beverly, a northeastern suburb of Boston, that is fully leased to regional operator Stop & Shop.
Publix-Anchored Jax Retail Center Changes HandsTSCG brokered the sale of The Plaza at Normandy, a newly developed, Publix-anchored shopping center in Jacksonville, Florida, for $20.6 million.
Finmarc Sells Office Building, Land in Northern Virginia to Pulte Homes for $26.4MCHANTILLY, VA. — Finmarc Management Inc. has sold an 83,300-square-foot office/flex building and an adjacent 6.4-acre parcel within Park East Corporate Center in Chantilly, about 28 miles west of Washington, D.C.