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Deals news – page 5
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A Resilient New York City Wins Big at Commercial Observer’s Power GalaThe collective might of New York City real estate was on display Tuesday night, when titans of the industry gathered at 7 World Trade Center to celebrate Commercial Observer’s 19th annual Power Gala.
Russian Hill Apartments Trade After 50 Years of Family OwnershipMarcus & Millichap arranged the sale of two multifamily properties at 1159-1169 and 1067-1071 Union St. in San Francisco’s Russian Hill neighborhood. Totaling 11 units, the properties sold for a combined $6.25 million after more than 50 years under the same family ownership.
Las Vegas-Based Investor Pays $95M For Massive Suburban Chicago Retail CenterRhino Investments Group acquired the 932K SF shopping center in Mount Prospect from DLC Management.
Data Center Developer Pays $14.7M for S. Phoenix ParcelGI Partners recently paid $14.7 million for land just south of Phoenix that it plans to develop a data center on. LKY was the seller of the 5.4-acre parcel. The Phoenix Business Journal report LKY paid $3.15 million for the land in 2012.
Charlotte Office Park Sells For $64M With Plans For Food And Beverage SpaceInvesticore Holdings USA LLC acquires ThExchange office park in Charlotte for $64M, eyeing growth in the city's thriving real estate market.
Moishe Mana Buys Discounted Fort Lauderdale Office Tower for $89MMoishe Mana has ventured out of Miami and into Fort Lauderdale, nabbing a discount to buy a 30-story office building for $89 million, property records show.
HREC Arranges $22M Sale of Embassy Suites Dulles Airport in VirginiaHREC Investment Advisors arranged the sale of the 150-suite Embassy Suites Dulles Airport, situated at 13341 Woodland Park Road, Herndon, Virginia. Ashford Hospitality Trust, Inc. completed the sale of the hotel through its indirect subsidiary, Ashford Dulles LP.
KBS Acquires 26-Story Austin Office TowerKBS completed the sale of 515 Congress, a 26-story, 267,956-square-foot Class A office tower at the corner of Congress Avenue and Sixth Street in downtown Austin, Texas. A joint venture of Palmatum Ventures, AQUILA and Glendon Capital Management acquired the property.
Talonvest Arranges $63M for Bethesda Self-Storage PropertyTalonvest Capital, a commercial real estate advisory firm, has secured a $63 million bridge loan on behalf of 1784 Holdings, a privately held real estate development company specializing in the development, construction, and operation of self-storage facilities.
Fred Hutch Cancer Center Buys $18M Federal Way Office BuildingFred Hutchinson Cancer Center has completed the $18 million acquisition of a former DaVita office building in Federal Way. Realty Income sold the building, which it acquired from Weyerhaeuser for $19.
Newmark Arranges $95M Sale of Randhurst Village Shopping Center in Metro ChicagoMOUNT PROSPECT, ILL. — Newmark has arranged the $95 million sale of Randhurst Village, a 931,798-square-foot power center in Mount Prospect. Conor Lalor and Keely Polczynski of Newmark represented the seller, DLC, with support from colleague Brian Schneiderman.
Representative imageRealSource Group Negotiates $5.8M Sale of Restaurant Building in Richmond, TexasRICHMOND, TEXAS — California-based brokerage firm RealSource Group has negotiated the $5.8 million sale of a 3,072-square-foot restaurant building in Richmond, a southwestern suburb of Houston.
Representative imageWestwood Financial Acquires 23,300 SF Shopping Center in Burleson, TexasBURLESON, TEXAS — Westwood Financial, a California-based retail investment firm, has acquired South Town Crossing II, a 23,300-square-foot shopping center in Burleson, a southern suburb of Fort Worth.
CBRE Arranges Sale of 384-Unit Apartment Community in Somerset, New JerseySOMERSET, N.J. — CBRE has arranged the sale of a 384-unit apartment community located in the Central New Jersey community of Somerset. The Grove at Somerset was built on 41 acres in 2013.
Representative imageNEPCG Negotiates $14.3M Sale of Hartford Multifamily PortfolioHARTFORD, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the $14.3 million sale of a portfolio of 23 multifamily properties totaling 167 units in Hartford.
Representative imageMarcus & Millichap Brokers $4M Sale of Apartment Building in Kearny, New JerseyKEARNY, N.J. — Marcus & Millichap has brokered the $4 million sale of Helena Arms, a 17-unit apartment building in the Northern New Jersey community of Kearny.
IPA Arranges Joint Venture Equity for Cliff at Green Valley Ranch Adaptive Reuse Project in Henderson, NevadaHENDERSON, NEV. — IPA Capital Markets, a division of Marcus & Milichap, has arranged joint venture equity on behalf of VAC Development for The Cliff at Green Valley Ranch, an adaptive reuse redevelopment in Henderson. Jeremy Slocumb of IPA Capital Markets led the transaction.
Kidder Mathews Arranges $21.8M Sale of Two Apartment Properties in Riverside, CaliforniaRIVERSIDE, CALIF. — Kidder Mathews has brokered the sale of two adjacent workforce housing properties in Riverside. The 113-unit portfolio traded for $21.3 million, or $192,920 per unit and $244 per square foot.
Vista International Sells Molokai Apartments in San Diego for $11.2MSAN DIEGO — Marcus & Millichap has arranged the $11.2 million sale of The Molokai Apartments, a 39-unit property in San Diego.
Zurich Affiliate Acquires San Francisco Offices with Leasing UpsideCushman & Wakefield has arranged the sale of 410 Townsend, a historic 78,455-square-foot office building in downtown San Francisco.