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Deals news – page 55
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In Likely a Culver City Record, Black Equities Buys Multifamily Asset for $106MStanley Black’s Beverly Hills-based investment firm is closing on a nine-figure mixed-use acquisition in another small city a few miles away.
Mavik Capital Looks To Raise $1B, Targeting Distressed Real EstateInvestment firm Mavik Capital Management is looking to raise capital for a new distress fund. The New York-based firm seeks to raise $1B to acquire distressed commercial real estate assets, Bloomberg reported. The money will go into a new fund called...
Representative imageJLL Negotiates Sale of 353,000 SF Retail Power Center in San AntonioSAN ANTONIO — JLL has negotiated the sale of The Legacy Shopping Center, a 353,000-square-foot retail power center located in San Antonio’s Far North Central submarket.
Representative imageVersal Arranges Sale of 279-Unit U-Haul Storage Facility in Corpus ChristiCORPUS CHRISTI, TEXAS — Self-storage brokerage firm Versal has arranged the sale of Action Storage U-Haul, a 279-unit facility in Corpus Christi. The property spans 51,164 net rentable square feet.
Four Mile, Midloch Acquire Apartment Community in Louisville for $38.3MLOUISVILLE, KY. — A joint venture between Four Mile Capital and Midloch Investment Partners has acquired Frontgate Apartments, a 212-unit complex located in Louisville, for $38.3 million.
Madison Commercial Completes Sale of Chick-fil-A Site Near Oglethorpe Mall in SavannahSAVANNAH, GA. — Madison Commercial, an affiliate of Madison Capital Group, has completed the sale of a Chick-fil-A outparcel at its mixed-use redevelopment of the former Sears and Sears Auto Center site at Oglethorpe Mall in Savannah.
Representative imageRoadside Development Acquires 168,000 SF Shopping Center Near PittsburghMOUNT LEBANON, PA. — Washington D.C.-based Roadside Development has acquired the Galleria at Mount Lebanon, a 168,000-square-foot shopping center located just outside of Pittsburgh.
PGIM Sells Coral Gables Office Campus for Nearly $100MPGIM has had a hold on The Ponce, a two-building office complex in Coral Gables for nearly 20 years. The property recently sold for $97.8 million. Intalex Capital, Itero Investments and Greenwall Capital were the buyers of the 348,473-square-foot property.
Goodman Real Estate Sells Two Apartment Communities Near Seattle for $172MSEATTLE AND REDMOND, WASH. — Goodman Real Estate has sold two multifamily properties near Seattle for a combined total of $172 million. Eli Hanacek, Kyle Yamamoto and Natalie Kasper of CBRE represented the Seattle-based seller in both transactions.
Gelt Venture Partners Buys 117-Unit Drexler Townhomes in Lehi, UtahLEHI, UTAH — Gelt Venture Partners (GVP) has purchased Drexler Townhomes, a Class A townhome community located south of Salt Lake City. The original developer sold the property for an undisclosed price in an off-market transaction.
JLL Arranges $20.5M Sale of Crown Valley Mall in Laguna Niguel, CaliforniaLAGUNA NIGUEL, CALIF. — JLL Capital Markets has arranged the $20.5 million sale of Crown Valley Mall, a grocery-anchored retail center located near Laguna Beach.
Rivani Sells Wynwood Jungle Retail Building in Miami for $26MProminent real estate investor Robert Rivani has sold the Wynwood Jungle retail building in Miami for $25.7 million, property records show. Tabani Group purchased the 39,000-square-foot property between 75 and 43 Northwest 23rd Street, west of North Miami Avenue.
Ascendant Capital Partners Acquires Virginia Hotel PortfolioAscendant Capital Partners has acquired an eight-hotel portfolio from Coastal Hospitality Associates, LLC. The Portfolio comprises 965 predominantly beachfront rooms across six hotels in Virginia Beach and two hotels in the Outer Banks.
Pantzer Acquires Class A Multifamily in Downtown StamfordA CBRE team led by Jeffrey Dunne, Eric Apfel, Stuart MacKenzie, Travis Langer, and Eric Greenberg closed the sale of Stamford Urby, a 641-unit Class A multifamily community in downtown Stamford, CT, for $221,000,000. CBRE exclusively represented the seller.
Orange County Apartment Complex Sells for $133MTwo multifamily investment firms have expanded their affordability efforts into Orange County, Calif., with the acquisition of a 402-unit workforce housing community.
Construction Begins On AmEx's World Trade Center HQ As Campus Enters 'Momentous' New EraNearly a quarter century after the 9/11 terrorist attacks leveled the World Trade Center towers, work on the new campus’ final new office tower is underway.
Silverstein Properties Breaks Ground on 2 World Trade CenterCity officials, American Express executives and tradesmen gathered in Lower Manhattan on Thursday morning to break ground on Silverstein Properties’ 2 World Trade Center tower.
Airbnb Strikes $82M Deal to Buy 281 Park Avenue South for NYC OfficeAirbnb has been revealed as the mystery buyer of 281 Park Avenue South, a landmarked building in Manhattan’s Gramercy neighborhood that is famous for its association with scammer Anna Delvey.
Provident Building $25M Tucson Distribution CenterProvident Industrial acquired 10 acres in Tucson, Arizona, for the development of Valencia Airport Center, a 163,000-square-foot Class A distribution facility.
Airbnb Buys Opulent NYC Office As It Battles Short-Term-Rental BanAirbnb is reestablishing its New York foothold with an $81.5M purchase of a Gramercy Park office building, acquiring a property so lavish it feels less like a workplace than one of the company’s luxury rental listings.