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Deals news – page 67
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Representative imageExpanding Floral Distributor Buys Facility in L.A. CountyA flower importer and wholesaler is in growth mode, and has planted roots in one of Los Angeles’ industrial hubs. Holland Flower Market paid $34.1 million for a 91,010-square-foot, Class A, freestanding industrial facility in the city of Commerce, Calif.
Union Investment, Nuveen Sell Upper East Side RetailUnion Investment and Nuveen Real Estate have sold their 1511 Third Ave. retail property on Manhattan’s Upper East Side to San Francisco-based Stockbridge. Terms of the sale were not disclosed.
Hawkins Way Capital Drops $28M on 81 East Third Street Apartments, Student HousingBeverly Hills-based real estate investment company Hawkins Way Capital has acquired a property comprising student housing and market-rate apartments at 81 East Third Street, Commercial Observer has learned.
Kadima Industrial Acquires Shallow Bay Woburn PropertyJLL Capital Markets arranged the sale and financing of 215 Salem St., a 62,155-square-foot shallow bay industrial facility in Woburn, MA.
Industrial Property Near Indianapolis Airport Changes HandsMarcus & Millichap completed the sale of 7770 W. New York St., a 16,000-square-foot single-tenant industrial property in Indianapolis. Located near the Indianapolis International Airport, the property sold for $2.1 million to Greenspring Realty Partners.
Representative imageTerreno Buys Maryland Industrial Property for $77MTerreno Realty, a publicly traded owner of almost 20 million square feet of industrial real estate across six major U.S. markets, has acquired 3100-3300 Hubbard Road, an industrial property in Landover, Md., for approximately $77.1 million.
Scannell Acquires 130-Acre Buckeye Industrial SiteScannell Properties acquired close to 130 acres off State Route 85 and Southern Avenue in Buckeye from Arizona Land Consulting for $ 32.5 million. Arizona Land Consulting purchased the property in 2024 for $18.3 million.
Tishman Speyer Adds Two-Building Boston Campus to Client Solutions PortfolioTishman Speyer said Wednesday it has been selected by the ownership of Boston SE Propco LLC to provide third-party management and leasing services at 1000 Washington St. and 321 Harrison Ave., a 490,000-square-foot, two-building campus in Boston’s South End.
Lee & Associates Closes $25M Sale of 443K-SF Industrial Building in ElginLee & Associates closed a $24.8 million sale transaction for a 442,601-square-foot industrial building located at 1717 Gifford Drive in Elgin, Illinois.
GSA Tallies $26B Repair Backlog on Federally Owned Office BuildingsAs the Trump administration moves to sell off federal office buildings, the General Services Administration (GSA) has tallied nearly $26 billion in maintenance needs, Bloomberg News reported. The backlog includes 62 buildings that require repairs costing $100 million or more.
JLL Negotiates Sale of 655,852 SF Industrial Portfolio Near Port of VirginiaSUFFOLK AND CHESAPEAKE, VA. — JLL has negotiated the sale of a four-building industrial portfolio situated near the Port of Virginia in the Hampton Roads region of the Commonwealth.
Obrecht Properties Enters North Carolina With Planned 325,550 SF Industrial Development Near Fort BraggFAYETTEVILLE, N.C. — Obrecht Properties LLC has purchased 30 acres adjacent to Fort Bragg, a U.S. military base spanning 160,000 acres in central North Carolina.
Marcus & Millichap Brokers $19.5M Sale of Westgate Square Shopping Center in OrlandoORLANDO, FLA. — Marcus & Millichap has brokered the $19.5 million sale of Westgate Square, a 136,189-square-foot, grocery-anchored shopping center located at 2625 Hiawassee Road in Orlando.
Representative imageSRS Arranges $10.9M Sale of New Retail Strip Center in Bradenton, FloridaBRADENTON, FLA. — SRS Real Estate Partners has arranged the $10.9 million sale of Heritage Station, a 13,538-square-foot retail strip center located in Bradenton.
IPA Negotiates Sale of 216-Unit Apartment Complex in Millville, DelawareMILLVILLE, DEL. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of a 216-unit apartment complex in Millville, located near coastal Delaware.
Representative imageAtlantic Capital Partners Arranges $9M Sale of Former Movie Theater Complex in Randolph, MassachusettsRANDOLPH, MASS. — Local brokerage firm Atlantic Capital Partners (ACP) has arranged the $9 million sale of a former movie theater complex in Randolph, a southern suburb of Boston.
LTC Acquires Assisted Living, Memory Care Community in Phoenix for $54MPHOENIX — LTC Properties has acquired MorningStar at Arcadia, an assisted living and memory care community located in Phoenix, for $54 million. The community is being added to LTC’s seniors housing operating portfolio (SHOP).
Green Light Housing Purchases Affordable Housing Apartments in Vancouver, Washington, for $34.4MVANCOUVER, WASH. — Green Light Housing has purchased Carriage Housing Apartments, a garden-style affordable housing property located at 4714 N.E. 72nd Ave. in Vancouver, from Jackson Square Properties. The sales price was $34.4 million.
Representative imageNewmark Arranges $34.1M Sale of Industrial Facility in East Los Angeles AreaCOMMERCE, CALIF. — Newmark has negotiated the $34.1 million sale of Holland Flower Market, a Class A industrial facility located at 5555 E. Slauson Ave. in Commerce. Jeff Cannon, Sage Segal and Greg Tippin of Newmark represented the undisclosed buyer in the deal.
DTLA’s Bank of America Plaza Trades for $210M in Receivership SaleColliers on Tuesday announced the sale of 333 S. Hope St., a/k/a Bank of America Plaza, in Downtown Los Angeles. The 1.4-million-square-foot office tower traded through a receivership sale, with fee-simple title delivered at closing.