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Berkadia Arranges Sale of 423-Unit MXU Trophy Property in ArlingtonBerkadia completed the sale of The Commodore, a 423-unit luxury multifamily community with 18,461 square feet of ground-floor retail located in Arlington’s Court House neighborhood.
Austin Office Tower Trades for $151MBrandywine Realty Trust sold downtown Austin’s 405 Colorado tower for $151 million. Chris Price at Partners was quoted in LinkedIn saying the buyer was Hines and that the 25-story tower is 100% leased.
Brixmor Picks Up Two Texas Shopping CentersIn this year’s second quarter, Brixmor Property Group Inc. acquired two Texas retail centers. The company paid $46.5 million for Jones Crossing in College Station, Texas, home to Texas A&M University.
Cavan Spins Off Phoenix BTR Community for $112.5MCavan Cos. has sold The Bungalows on Camelback, a 334-unit, build-to-rent asset in Phoenix, for $112.5 million. That comes out to about $337,000 a unit. A private individual acquired the property. This deal marked the biggest single-asset BTR sale in the metro’s history.
Hines Pays $151M To Buy Austin Office Tower From BrandywineHines is returning to the office market with a $151M bet on Austin. The global real estate investment management giant acquired a 206K SF office at 405 Colorado St. from Brandywine Realty Trust as it selectively targets trophy office assets with high...
Representative imageJLL Brokers Sale of 72,184 SF Shopping Center in Northwest HoustonHOUSTON — JLL has brokered the sale of Vintage Marketplace, a 72,184-square-foot shopping center in northwest Houston. Whole Foods Market anchors the center, which was roughly 95 percent leased at the time of sale.
Representative imageLee & Associates Negotiates 20,092 SF Industrial Lease in McKinney, TexasMCKINNEY, TEXAS — Lee & Associates has negotiated a 20,092-square-foot industrial lease in the northern Dallas suburb of McKinney. The space is located within Building 2 at McKinney Trade Center.
Newmark Arranges $132M Sale of Northern Virginia Industrial PortfolioNewmark has arranged the $132 million sale of the Featherstone Industrial Portfolio, a 13-building, 734,606-square-foot industrial portfolio in Woodbridge, Virginia, approximately 23 miles south of Washington, D.C.
Spear Street Capital Buys Lower Manhattan Office, Retail Building for $50.5MNEW YORK CITY — San Francisco-based investment firm Spear Street Capital has purchased 76 Eighth Avenue, a 10-story office and retail building in Lower Manhattan, for $50.5 million.
Representative imageJLL Negotiates $25.1M Sale of Two Multifamily Development Sites in BrooklynNEW YORK CITY — JLL has negotiated the sale of two multifamily development sites in the Crown Heights area of Brooklyn for a combined price of $25.1 million. The sites at 1029 Dean St.
Representative imageNAI Capital Arranges $10.8M Sale of 24,670 SF Educational Facility in Irvine, CaliforniaIRVINE, CALIF. — NAI Capital Commercial has arranged the $10.8 million sale of 17872 Cowan, an educational facility in Irvine. Orange County Music & Dance (OCMD) acquired the property for $438 per square foot.
Representative imageAll Access Rentals Buys 34,663 SF Industrial Property in North HollywoodLOS ANGELES — All Access Rentals has purchased a 34,664-square-foot industrial property located at 11640 Hart St. in the North Hollywood neighborhood of Los Angeles. The sales price was $7.8 million.
JLL Arranges $56.1M Sale of Industrial Property Near Orlando AirportORLANDO, FLA. — JLL Capital Markets has arranged the $56.1 million sale of Cypress Park, a 256,838-square-foot industrial property located along Satellite Boulevard in Orlando. Luis Castillo, Cody Brais, Taylor Osborne, David Orta Jr.
Ascendant Purchases Eight-Hotel Portfolio Across Virginia Beach, Outer BanksLOS ANGELES — Los Angeles-based Ascendant Capital Partners has acquired an eight-property hotel portfolio across Virginia Beach and North Carolina’s Outer Banks region.
Representative imageHanover Acquires Land Near Gas South Arena in Metro Atlanta, Plans 305-Unit Apartment DevelopmentDULUTH, GA. — Hanover Co. has acquired nearly eight acres in Duluth, a northeast suburb of Atlanta in Gwinnett County, for the development of Hanover Sugarloaf, a 305-unit multifamily community. The purchase price was $12.4 million.
Brookfield in Talks to Replace Hines in $3.5B Hudson Square Properties JV: UpdatedBrookfield is in exclusive talks to acquire a stake in Hudson Square Properties. The under-wraps deal, first reported by the Wall Street Journal, would secure Brookfield a 10 percent stake in the 13-property portfolio.
MEAG Expands Dublin Residential With Fourth Irish Acquisition In 6 MonthsMunich Re asset manager MEAG has strengthened its growing Irish real estate portfolio with the acquisition of the Seafield Strand apartment scheme in Sutton, North Dublin, for an undisclosed sum, marking its fourth investment in the capital in little...
Colliers Facilitates Sale of 954K-SF Industrial Portfolio in IndianapolisColliers announced the sale of a six-building industrial portfolio totaling 954,072 square feet located throughout the Northwest, Northeast and Southwest submarkets of the Indianapolis metropolitan area.
Performing Arts School Doubles Instructional Space with Irvine AcquisitionEVP John Bosko of NAI Capital Commercial’s Investment Services Group represented Orange County Music & Dance (OCMD) in the acquisition of a 24,670-square-foot educational facility located at 17872 Cowan in Irvine. The property sold for $10,800,000, or $438 per square foot.
Rockpoint, Urby Launch JV for 69-Story Residential Tower on Jersey City WaterfrontRockpoint, a Boston-based real estate private equity firm, and Urby, a hospitality-driven multifamily developer, formed a joint venture to acquire land and develop a multifamily residential tower on the Jersey City waterfront.