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Deals news – page 56
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Marcus & Millichap Brokers Sale of 249-Unit Apartment Complex in North DallasDALLAS — Marcus & Millichap has brokered the sale of Infinity on the Point, a 249-unit apartment complex in North Dallas. According to Apartments.com, the property offers one- and two-bedroom units.
Newmark Arranges Sale of 120,923 SF Office Building in North DallasDALLAS — Newmark has arranged the sale of 8020 Park Lane, a 120,923-square-foot office building located within The Shops at Park Lane mixed-use district in North Dallas. Built in 2015, the five-story building was fully leased at the time of sale to Energy Transfer LP.
Representative imageHolt Lunsford Negotiates 20,258 SF Industrial Lease Renewal in Northeast DallasDALLAS — Local brokerage firm Holt Lunsford Commercial has negotiated a 20,258-square-foot industrial lease renewal in northeast Dallas. The tenant is Nevitt Fragrances Inc., and the space is located within the building at 10480 Markison Road, which according to LoopNet Inc.
Representative image9-Story Richardson Offices Picked Up by HarkinsonHarkinson Investment Group acquired Tower 2600, a 229,000-square-foot office building in Richardson. Newmark’s Gary Carr, Robert Hill, Chris Murphy and Austin Sheahan represented the seller, Development Ventures Group. Located at 2600 N.
Colliers Negotiates Sale of 954,072 SF Industrial Portfolio in Metro IndianapolisINDIANAPOLIS — Colliers has negotiated the sale of a six-building industrial portfolio totaling 954,072 square feet throughout the Northwest, Northeast and Southwest submarkets of metro Indianapolis.
Marcus & Millichap Brokers $14M Sale of LA Fitness-Anchored Retail Property in Metro ChicagoMUNDELEIN, ILL. — Marcus & Millichap has arranged the nearly $14 million sale and financing of a LA Fitness-anchored, four-suite retail property in Mundelein.
Newmark Arranges Sale of Whole Foods-Anchored Shopping Center in JacksonJACKSON, MISS. — Newmark has arranged the sale of Highland Village, a 217,589-square-foot shopping center located at 4500 I-55 N in Jackson.
Berkadia Negotiates Sale of 20-Story High-Rise Apartment Tower in Arlington, VirginiaARLINGTON, VA. — Berkadia has negotiated the sale of The Commodore, a 20-story high-rise apartment tower located at 2055 15th St. N in Arlington. GID purchased the community for an undisclosed price.
Marcus & Millichap Brokers Sale of 99,097 SF Shopping Center in Grenada, MississippiGRENADA, MISS. — Marcus & Millichap has brokered the sale of Riverbirch Plaza, a 99,097-square-foot shopping center located at 1201-1231 Sunset Drive in Grenada, which is roughly midway between Jackson, Miss., and Memphis via I-55.
Prado Group, Presidio Bay Exit Deal For San Francisco Centre MallSan Francisco developers Prado Group and Presidio Bay Ventures are walking away from a pending deal to purchase the shuttered San Francisco Centre Mall, sending the 1.5M SF Market Street property back to the sales market. “After extensive diligence...
Representative imageFeds Pay $1.5B for Two Immigration Detention Centers in CaliforniaThe federal government has spent nearly $1.5 billion to acquire two California detention centers from prison operator CoreCivic, marking one of the largest real estate deals tied to the Trump administration’s expansion of immigration enforcement. The U.S.
Development Site Sale Closes Nearly Nine Years After Going Under ContractLee & Associates NYC has completed the $7.5-million acquisition of a 2.84-acre development site at 374 Atlantic Ave. in Oceanside, NY on behalf of Sunrise Senior Living, concluding a transaction that spanned nearly nine years.
JLL Closes Sale of Boutique Hotel in New Hampshire Capital CityJLL’s Hotels & Hospitality Group finalized the sale of The Centennial Hotel, a 32-room Victorian-era boutique hotel located at 96 Pleasant St.t in downtown Concord, New Hampshire’s capital city.
Arlington, Va., Hotel-to-Resi Project Sells for $35MAn extended-stay hotel in Arlington, Va., is set to be transformed back into multifamily housing. GoodHomes Communities put down $35 million to acquire the Arlington Court Suites, a 187-key hotel that the buyer plans to convert into a 180-unit apartment building.
Majestic Asset Management Acquires Carlsbad Industrial HeadquartersCBRE arranged the $45-million sale and financing of 2081 Faraday Ave., a 157,973-square-foot industrial corporate headquarters property in Carlsbad. Majestic Asset Management acquired the fully leased asset following its recent $235-million disposition in Goleta.
Transwestern Expands Twin Cities Presence With Acquisition of Forte Real Estate PartnersTranswestern has acquired Forte Real Estate Partners, a commercial real estate firm based in the Twin Cities.
Representative imageSedano’s Buys Miami-Dade Retail Center Where It Operates a SupermarketSedano’s Supermarkets purchased one of the retail centers it anchors in Miami-Dade County, property records show.
Rise48 Equity Acquires N. Phoenix Rental CommunityTailwind Investment Group offloaded Rise at the Northern, a 108-unit apartment community at 17840. N. Black Canyon Highway in far north Phoenix. Rise48 Equity paid $21.7 million for the multifamily venture.
S2 Acquires 589K-SF FW Industrial CampusLonpoint Realty Partners sold Point 820, a 589,022-square-foot campus in Fort Worth, Texas, to S2 Industrial. S2 will rebrand it as Panther City Industrial Park. Panther City Industrial Park comprises 31 buildings developed between 1966 and 1968 across a 34-acre site.
MG Properties Buys 458-Unit Apartment Community in Richardson, TexasRICHARDSON, TEXAS — MG Properties has purchased Reserve at Spring Creek, a 458-unit apartment community located in the northeastern Dallas suburb of Richardson.