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Deals news – page 57
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U.S. Government Closes $30M Property Deal Tied To New San Antonio Spurs ArenaThe General Services Administration has sold a federal property to the city of San Antonio to support a new downtown entertainment district and arena for the city’s NBA team.
Representative imageRealterm Acquires 24-Acre Industrial Outdoor Storage Facility in Hutchins, TexasHUTCHINS, TEXAS — Realterm, an independent global investment manager focused on the transportation industry, has acquired a 24-acre industrial outdoor storage (IOS) facility in Hutchins, a southeastern suburb of Dallas. The facility at 1096 S.
Representative imageLee & Associates Arranges Sale of 113,904 SF Industrial Building in Lewisville, TexasLEWISVILLE, TEXAS — Lee & Associates has negotiated the sale of a 113,904-square-foot industrial building in the northern Dallas suburb of Lewisville. Andes Coil Processes occupies the building at 202 S. Railroad St., which according to LoopNet Inc.
Representative imageColliers Brokers Sale of 24,500 SF Industrial Building in Stafford, TexasSTAFFORD, TEXAS — Colliers has brokered the sale of an industrial building located at 13715 N. Promenade Blvd.in Stafford, a southwestern suburb of Houston.
Avalon Bay Planning Apartments, Retail in South MiamiAvalon Bay Communities purchased a full city block in South Miami, clearing the way for a mixed-use community. AvalonBay acquired the approximately 1.18-acre site from longtime owner Robins Plaza for a base purchase price of $22 million in an off-market transaction.
RCS, Lamar Acquire 368,049 SF Office Building in Jersey CityJERSEY CITY, N.J. — A partnership between Real Capital Solutions (RCS) and Lamar Cos. has acquired 30 Montgomery, a 368,049-square-foot office building in Jersey City.
Marcus & Millichap Negotiates $9.7M Sale of Affordable Housing Property in OaklandOAKLAND, CALIF. — Marcus & Millichap has negotiated the $9.7 million sale of Garden Villas, an affordable housing property located at 1256 99th Ave. in Oakland.
Machine, Lionshead Capital Purchase 641-Room Atlanta Airport Marriott HotelATLANTA — A joint venture between Machine Investment Group and Lionshead Capital Partners has purchased Atlanta Airport Marriott, a 641-room hotel located on a 16-acre site adjacent to Hartsfield-Jackson Atlanta International Airport.
Partnership Acquires Coral Gables Office Portfolio in South Florida for $97.8MCORAL GABLES, FLA. — A partnership between Intalex Capital, Itero Investments and Greenwall has acquired The Ponce, a three-building office portfolio spanning 365,000 square feet in Coral Gables.
Representative imageLongpoint Partners Buys Miami-Dade Warehouses for $39MPrivate equity firm Longpoint Partners has paid $38.8 million for a 121,579-square-foot industrial complex in Miami-Dade County.
Chase Bank Branch Garners Manhattan’s Sixth-Highest Price Per Square Foot Since 2023Net lease real estate advisory and investment platform SURMOUNT has completed a $13-million sale of a Chase Bank branch located at 1295 Madison Ave. in the Carnegie Hill neighborhood. The firm represented both buyer and seller.
Marcus & Millichap Brokers Self-Storage Property Deal in ChicagoMarcus & Millichap completed the sale of a brand-new, 916-unit Public Storage property in Chicago, Illinois.
Joseph Kavanagh Co. Completes Sale of HQ, Manufacturing FacilityJoseph Kavanagh Co. has completed the sale of its corporate headquarters and manufacturing facility at 8100 Lynhurst Road in Dundalk, Maryland, to Titan Steel Corporation for $2.3 million.
Northmarq’s Mid-Atlantic Team Completes $26M Sale of Manufactured Home CommunityNorthmarq’s Mid-Atlantic Investment Sales team has completed the $25.5-million sale of Vintage Acres, a 300-pad manufactured housing community located at 501 West Stowe Street in Duluth, Minnesota. The property also includes two apartments and 14 storage units.
JLL Arranges Trophy Seniors Housing Portfolio SaleJLL has completed the sale of a four-property seniors housing portfolio totaling 344 units in Chicago and Philadelphia submarkets. JLL’s National Seniors Housing Capital Markets team represented the seller, a joint venture between Bain Capital and Capitol Seniors Housing.
Developers Close on Parcel for South Weymouth Naval Air Station RedevelopmentRedevelopment of the long-shuttered former South Weymouth Naval Air Station has taken a major step forward, with Washington Capital Management selling its land at the base to a joint venture of Brookfield Properties and New England Development.
Brookfield JV Buys Site For 6,500-Unit Project In Boston SuburbsThe long-stalled redevelopment of a former naval air base 15 miles south of Boston is ready for takeoff. A joint venture of Brookfield Properties and New England Development paid $65M to acquire part of the 1,400-acre site of the former South Weymouth...
Nuveen Buys Pair of Upper West Side Multifamily Properties for $75MNuveen Real Estate has acquired a two-building multifamily portfolio on Manhattan’s Upper West Side, Commercial Observer has learned.
Newmark Lands Listings to Sell 3 Phoenix-Area Class A Office PropertiesNewmark has the listings for three Class A office properties in the Phoenix Metro area. The Phoenix Business Journal reports the offices, totaling 545,000 square feet, are situated in Chandler, Scottsdale and Phoenix.
IPA Arranges Sale of 250-Unit Alta Firewheel Apartments in Garland, TexasGARLAND, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Alta Firewheel, a 250-unit apartment complex located northeast of Dallas in Garland.