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Marcus & Millichap Brokers $5.8M Sale of Medical Office Property in Davison, MichiganDAVISON, MICH. — Marcus & Millichap has brokered the $5.8 million sale of a 50,017-square-foot medical office property in Davison, a suburb of Flint. The two-suite office building is situated on 3.3 acres at 1515 Cal Drive.
JLL Negotiates $67.7M Sale of Three Industrial Buildings in Lakeland, FloridaLAKELAND, FLA. — JLL Capital Markets has negotiated the $67.7 million sale of three industrial buildings located within Lakeland Commerce Center in Lakeland, a city in Central Florida between Tampa and Orlando.
CRE Strategies Could Help Preserve Value in Life Sciences Mergers & AcquisitionsWhile pharmaceutical companies acquire sponsor-backed biotech companies, corporate real estate teams are becoming more responsible for preserving the value of those deals, according to a new CBRE insight.
Essex Closes 33-Unit Albany Park Multifamily TransactionEssex Realty Group and Essex Capital Markets announced the closing of Wilson Manor, a 33-unit multifamily property located at 3348 W. Wilson Avenue in Chicago’s Albany Park neighborhood. The property sold for $7.6 million, a $200,000 premium over the listing price.
JLL Completes Sale of Kansas City MOB Portfolio to Montecito MedicalJLL has completed the sale of a fully leased, four-property medical building portfolio in the Greater Kansas City area.
Representative imageGreystar Sells Virginia Apartment Tower for $216MGreystar, perhaps the largest multifamily landlord in the U.S., has unloaded another property, this time in Northern Virginia. Investment firm GID put down $215.8 million to acquire the 423-unit luxury apartment tower in Arlington, Va., and changed its name to Windsor Courthouse.
Intercontinental Real Estate Corporation Acquires Grocery-Anchored Retail Center in Auburn for $70MBoston-based Intercontinental Real Estate Corporation has acquired Lakeland Town Center, a 125,233-square-foot grocery-anchored retail center located in Auburn, Washington, for $69.5 million.
Capital Square Sells 2000 West Creek Apartments in Richmond for $115MRICHMOND, VA. — Capital Square has sold 2000 West Creek, a 373-unit apartment community in Richmond, for $115 million.
Marcus & Millichap Arranges Sale of 33,744 SF Retail Center in Prairieville, LouisianaPRAIRIEVILLE, LA. — Marcus & Millichap has arranged the sale of Commerce Centre, a 33,744-square-foot retail center located at 17097 Airline Highway in Prairieville, about 18 miles southeast of Baton Rouge.
Representative imagePartnership Sells 49,650 SF Industrial Complex in Carrollton, TexasCARROLLTON, TEXAS — A partnership between Birtcher Anderson & Davis Associates and Belay Investment Group has sold a 49,650-square-foot industrial complex in the northern Dallas metro of Carrollton.
Representative imageNAI Miami | Fort Lauderdale Brokers $6.6M Sale of Industrial Site in Medley, FloridaMEDLEY, FLA. — NAI Miami | Fort Lauderdale has brokered the $6.6 million sale of a 2.6-acre industrial site located at 7501 N.W. 72nd Ave. in Medley, about 14 miles northwest of Miami. Locally based Tekton Construction Corp.
Representative imageLanCarte Commercial Negotiates 24,000 SF Industrial Lease in West Fort WorthFORT WORTH, TEXAS — Local brokerage firm LanCarte Commercial has negotiated a 24,000-square-foot industrial lease in West Fort Worth. The tenant was not disclosed.
Representative imageLee & Associates Brokers Sale of 455,858 SF Industrial Property in Lansing, IllinoisLANSING, ILL. — Lee & Associates of Illinois has brokered the sale of a 455,858-square-foot warehouse located at 16801 Exchange Ave. in Lansing, a south suburb of Chicago.
Representative imageKiser Group Arranges $5.7M Sale of Chicago Apartment BuildingCHICAGO — Kiser Group has arranged the $5.7 million sale of a 43-unit apartment building located at 5123-31 S. University Ave. in Chicago’s Hyde Park neighborhood. Lee Kiser brokered the transaction.
LTC Acquires Two Seniors Housing Communities in Colorado, New Mexico for $73MWESTLAKE VILLAGE, CALIF. — LTC Properties has acquired two seniors housing communities in Colorado and New Mexico from Harbert Management Corp. for a combined purchase price of $73 million.
Winstar Properties Purchases 205-Unit Apartment Complex in Los AngelesLOS ANGELES — Winstar Properties has purchased The Flat, a 205-unit apartment complex located in the City West neighborhood of Los Angeles. Terms of the transaction were not released.
JD.Com Buys £147M London HQ: The London Deal SheetThe Deal Sheet is a weekly compilation of Greater London and beyond's biggest leases, sales, financing deals, construction updates and personnel moves. Have news you’d like to submit? Email mark.faithfull@bisnow.com. BlueFive Private Wealth and General...
Bascom Acquires Buena Park Apartments as Value-Add DealThe Bascom Group acquired Castlewood Park Apartments, a low-density, 183-unit value-add apartment community in Buena Park. The purchase price was $53,125,000, or $290,301 per unit.
Lee & Associates Negotiates Elk Grove Village Industrial Building SaleLee & Associates of Illinois has closed a $5.18 million sale transaction for a 39,879 square-foot building located at 1951 Lively Boulevard in Elk Grove Village, Illinois.
Ziegler Arranges $304M Tax-Exempt Bond for Groton Senior Living ExpansionSpecialty investment bank Ziegler has closed on Fairview’s Vista Point Project, one of the largest senior living tax-exempt bond transactions to date in the state of Connecticut.