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Icahn To Retain Real Estate In $700M Sale Of Pep BoysA major conglomerate is offloading one of the nation’s most recognizable auto service chains, but not some of the real estate it occupies.
KKR, AEW Seek Exits from Chinese Commercial Property HoldingsKKR and AEW Capital Management seek to sell commercial property holdings in China as global investors continue to retreat from the country’s prolonged real estate downturn, Bloomberg News reported.
Representative imagePartners Brokers Sale-Leaseback of 55,700 SF Industrial Building in New Caney, TexasNEW CANEY, TEXAS — Partners Real Estate has brokered the sale-leaseback of a 55,700-square-foot industrial building in New Caney, a northeastern suburb of Houston.
Two Mesquite Retail Centers Trade for a Combined $45MBlueprint Investment Properties purchased the 100%-leased Broadmoor Plaza in Mesquite. About the same time, Newport Capital Partners purchased the Towne Crossing development.(shown).
Charlotte Warehouse Investor Pays $41.4M for 4-Building PortfolioAdler Real Estate Partners acquired four industrial assets in Arrowridge Business Park for $41.4 million. BankUnited provided a $25.6 million loan for the acquisition. Adler acquired 8041, 8107, 8227 and 8301 Arrowridge Blvd. in the transaction.
Cushman & Wakefield Arranges 472,890 SF Industrial Lease in Metro Charlotte for American EagleSALISBURY, N.C. — Cushman & Wakefield has arranged a 472,890-square-foot industrial lease for American Eagle Outfitters Inc. in the metropolitan Charlotte area. The retailer will occupy a distribution center within Innovation Logistics Center in Salisbury on a long-term lease.
Marcus & Millichap Brokers $15M Sale of Multifamily Property in Wausau, WisconsinWAUSAU, WIS. — Marcus & Millichap has brokered the $15 million sale of The Apartments at Riverlife, a 75-unit multifamily property in central Wisconsin’s Wausau.
Intercontinental Real Estate Acquires Lakeland Town Center in Metro Seattle for $69.5MAUBURN, WASH. — Intercontinental Real Estate Corp. has acquired Lakeland Town Center, a 125,233-square-foot, grocery-anchored retail center located approximately 20 miles south of Seattle in Auburn, for $69.5 million.
Berkadia Arranges $35.5M Sale of Two Multifamily Properties in Castro Valley, CaliforniaCASTRO VALLEY, CALIF. — Berkadia has arranged the $35.5 million sale of The Cedars and Creekside Terrace, two neighboring, value-add multifamily properties located in the Northern California city of Castro Valley.
Brennan Investment Group Buys Three-Building, 439,600 SF Industrial Portfolio in Nampa, IdahoNAMPA, IDAHO — Chicago-based Brennan Investment Group has acquired a three-building, 439,600-square-foot industrial portfolio in Nampa, located just west of Boise. Details of the transaction were not released. This purchase marks Brennan’s entry into the Boise industrial market.
557K-SF Lakeland Warehouse Facility Trades for $67.7MMDH paid $67.7 million for the Lakeland Commer Center Buildings 100-300 in Lakeland, Florida. The three-building portfolio totals 557,000 square feet of space. Stonemount was the seller.
Raleigh Developer to Start Work on 269-Unit Rental CommunityBlue Heron Asset Management and design firm Cline will begin work soon on a 269-unit apartment project in Raleigh. The project, called Rosewood, will be at 611 West South Street. Blue Heron completed the $12.85 million land acquisition earlier this year.
CIM Group, Hulic Acquire West Hollywood Apartment PropertyCIM Group completed the acquisition of Domain WeHo, a 166-unit apartment community in West Hollywood, in partnership with Hulic Co., Ltd.
Resource Realty Negotiates Warehouse Lease for Amazing SavingsResource Realty of Northern New Jersey (RRNNJ) negotiated a 173,475-square-foot, long-term industrial lease at the newly constructed Spring Brook Commerce Center, located at 128 Iron Mountain Rd. in Mine Hill, NJ, on behalf of closeout retailer Amazing Savings.
Kiser Group Brokers $12M Sale of Rogers Park Apartment BuildingKiser Group Directors Jacob Price and Katie LeGrand facilitated the sale of a 78-unit apartment building located at 6748-50 North Ashland Avenue in Chicago’s Rogers Park neighborhood for $11.5 million.
Schnitzer West to Purchase Office Complex in Downtown BellevueSchnitzer West is under exclusive agreement to purchase The Bravern Office Commons and Garage, a two-tower, 749,694-square-foot office property that the company originally developed in downtown Bellevue.
Brookfield, CPP Investments to Acquire LXP Industrial Trust for $5.2BBrookfield Asset Management is lined up for a big industrial acquisition.
Brookfield, Healthpeak Form $2.1B Medical Office Joint VentureBrookfield Asset Management purchased a 49% stake in a $2.1B medical office portfolio. Brookfield contributed more than $1B to form the joint venture with Healthpeak Properties, a Denver-based healthcare REIT. Healthpeak is contributing an 86-property,...
Representative imageProvident Industrial Buys 1.5 MSF Industrial Park in Hutchins, TexasHUTCHINS, TEXAS — Provident Industrial, a division of Dallas-based investment firm Provident, has purchased Commerce 45, a two-building, 1.5 million-square-foot industrial park in Hutchins, a southeastern suburb of Dallas.
Ardent Acquires Kennesaw MallTown Center at Cobb in Kennasaw transferred to The Ardent Cos. as part of a foreclosure auction. The Atlanta Business Chronicle reports the transaction was valued at $51.75 million.