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Avison Young Arranges $86M Sale of 14-Property Small-Bay Industrial Portfolio in Doral, FloridaDORAL, FLA. — Avison Young has arranged the $86 million sale of a 14-property small-bay industrial portfolio in Doral, a western suburb of Miami. The price equated to $296 per square foot.
Newmark Negotiates $26M Sale of Office Tower in Norfolk, VirginiaNORFOLK, VA. — Newmark has negotiated the $26 million sale of 150 West Main Street, a 233,772-square-foot trophy office tower located in downtown Norfolk’s Waterside District. Kawa Capital Management was the buyer.
Marcus & Millichap Brokers $24.5M Sale of Medical Office Building in Germantown, TennesseeGERMANTOWN, TENN. — Marcus & Millichap has brokered the $24.5 million sale of Conrad Pearson Clinic, a 33,777-square-foot medical office building located in Germantown, roughly 21 miles southeast of Memphis.
Representative imageTyko Capital Lends $322M on Integra Investment’s West Palm Beach Marina ProjectShip ahoy! Adi Chugh’s Tyko Capital has docked money in West Palm Beach waters for Integra Investment’s new marina project.
Representative imageCommercial Mortgage-Backed Securities Distress Is Peaking — AgainDiscussions around distress that have dominated the commercial mortgage-backed securities (CMBS) market have taken a turn for the worse, with data points shifting in the same unfavorable direction for months.
Principal Asset Management’s Rich Hill On REITs, CMBS and Private CreditRich Hill is senior managing director and global head of real estate strategy and research at Principal Asset Management, a firm that oversees $107 billion of global real estate investments across a mix of public and private spheres, mixing equity and debt.
Representative imageSunday Summary: It’s a Forever 9 to 5 WorldWhile she might have been best known as the great country troubadour of love, betrayal, heartbreak and her coat of many colors, did any singer offer a better anthem of the office grind than Dolly Parton in her immortal (and immortally funny) “9 to 5”? None that we can think of.
Hackman Capital Sells El Segundo Flex Building For $27MMajestic Asset Management acquires a Rivian-leased El Segundo building for $27M, up from $15.3M in 2018.
Ariel Reps Seller in Bronx Multifamily PortfolioAriel Property Advisors arranged the sale of a three-building multifamily portfolio at 2460 Grand Ave. and 636-646 E. 231st St. in the Bronx for $7.5 million. Senior director Sam Schertz, director Daniel Mahfar and investment sales associate Erik Maloney represented the seller.
Former Hotel-Turned-University-Campus Trades for RepositioningDAUM Commercial Real Estate Services finalized the $14.4-million sale of an 87,598 square-foot former university campus on approximately 6.4 acres in the Los Angeles County city of Lancaster. VP Dennis Marciniak represented the seller, University of Antelope Valley, LLC.
OPEN Impact Arranges 15-Year Occupancy for Brooklyn Charter SchoolOPEN Impact Real Estate has arranged a 15-year lease totaling approximately 77,000 square feet located at 5902 Sixth Ave. in Brooklyn’s Sunset Park neighborhood for Launch Expeditionary Learning Charter School.
MAPPED: Dozens Of Properties Hit The Market As Prosecutors Circle Shabselses' Bankrupt EmpireAs a family real estate business collapses, roughly 50 properties are up for sale amid bankruptcy and legal battles.
Massachusetts Awards $15M in Tax Credits to Support 856 New HomesThe Healey-Driscoll Administration has announced $15.3 million in tax credits to spur five projects that will convert vacant or underutilized commercial properties into housing throughout Massachusetts.
City Realty Buys Brookline Multifamily Portfolio for $23MCity Realty has acquired a nine-building multifamily portfolio in Brookline, MA for $23.15 million. Colliers facilitated the sale on behalf of Ramon Realty.
Greystone Provides Fannie Mae Refi on San Diego Mixed-IncomeGreystone provided a $46.79-million Fannie Mae loan to refinance The Nash, a 190-unit multifamily property located at 4135 Park Boulevard in San Diego’s North Park neighborhood.
Marcus & Millichap’s Cafiero Team Arranges Sale of Union County Mixed-UseMarcus & Millichap closed the sale of 219-225 E. Broad St., a mixed-use property in Westfield, NJ. The asset sold for $5.9 million in the second sale the firm arranged in this union County suburb in as many weeks.
Colliers Team Lands 4M-SF Leasing Assignment at Sacramento Industrial ParkNorthPoint Development has officially commenced the design, engineering and permitting for the backbone infrastructure needed to deliver the recently approved Airport South Industrial Park located in the City of Sacramento.
Entre Commercial Realty Closes 20K-SF Facility Deal in IllinoisEntre Commercial Realty announced the successful transaction of a 20,000-square-foot facility at 8100 River Dr. in Morton Grove, Illinois.
AEW Adjusts Deployment Plan For $1.8B Real Estate FundAEW's $1.8B fund seeks mispriced assets amid rising rates, focusing on senior housing and multifamily.
SVN Chicago Commercial Facilitates Sale of Property in Chicago’s Noble Square NeighborhoodSVN | Chicago Commercial facilitated the $1.56 million sale of a six-unit Greystone and coach house property at 950–952 N. Noble Street in Chicago’s Noble Square neighborhood. Wayne Caplan, Senior Vice President with SVN | Chicago Commercial, represented the seller.