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Deals news – page 68
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LaSalle Acquires Student Housing Complex Near Michigan State UniversityLaSalle Investment Management has acquired Red Cedar Flats, a 190-unit, 436-bed purpose-built student housing community located within walking distance to Michigan State University in East Lansing, Michigan.
Hawkins Way JV Grows NYC Student Housing Portfolio with Upper West Side Sale-LeasebackA joint venture of Hawkins Way Capital and Varde Partners has acquired 117 W. 70th St, a 382-unit student housing property located on Manhattan’s Upper West Side.
Investor in Postal Real Estate Scores Off-Market Deal in San DiegoAmid an investment climate that has many commercial real estate investors looking for stabilized assets, JLL announced that Postal Realty Holdings LLC has acquired a 32,764-square-foot building leased to United States Postal Service located at 5045 Shoreham Place in San Diego,…
Kennedy Wilson, Fairfax Financial Close on $1.65B Take-Private DealKennedy-Wilson Holdings, Inc. said Tuesday that Fairfax Financial Holdings Limited had completed its all-cash acquisition of the company. First announced this past February, the privatization deal is valued at $1.65 billion.
MetroNational Buys 244-Room Moran Hotel at CITYCENTRE in West HoustonHOUSTON — Local owner-operator MetroNational has purchased the 244-room Moran Hotel within the 47-acre CITYCENTRE mixed-use development in West Houston.
Representative imageJLL Negotiates Sale of Retail Strip Center Portfolio in Dallas-Fort Worth, WacoDALLAS — JLL has negotiated the sale of a portfolio of five retail strip centers, four of which are scattered across the Dallas-Fort Worth metroplex. The fifth property is located in Waco. The centers’ addresses and square footages were not disclosed.
Representative imageJP Morgan, Freehill Capital Partners Form Industrial Acquisition Joint VentureJ.P. Morgan continues to push its chips into industrial real estate. Commercial Observer can first report that J.P.
Representative imageMarcus & Millichap Brokers $7.1M Sale of Two Long Island Office BuildingsROSLYN, N.Y. — Marcus & Millichap has brokered the $7.1 million sale of two office buildings totaling 28,714 square feet in the Long Island community of Roslyn. The buildings sit on a 1.5-acre site at 200-220 S. Service Road.
Investor Offloads Dunwoody Office Park for $27MGrubb Properties sold the 284,000 square foot Park at Perimeter Center East to Network Realty Partners for $27.15 million. The Atlanta Business Chronicle reports Grubb is moving its Atlanta office from that Dunwoody property to an office it owns at 2400 Lake Park Drive in Smyrna.
Muss Development, Amesbury Acquire 270-Unit Apartment Community in Lake Charles, LouisianaLAKE CHARLES, LA. — Muss Development LLC and Amesbury Cos. have acquired Erdace Apartments, a 270-unit multifamily community in downtown Lake Charles. The seller and sales price were not disclosed.
Shea Properties Completes $37.1M Sale of Shops at Highland Walk in Highlands Ranch, ColoradoHIGHLANDS RANCH, COLO. — Shea Properties has completed the $37.1 million sale of Shops at Highland Walk, a 94,795-square-foot retail center in Highlands Ranch, located south of Denver. Regency Centers acquired the asset.
Representative imageMarcus & Millichap Brokers $7.3M Sale of Retail Building in San Diego CountyESCONDIDO, CALIF. — Marcus & Millichap has brokered the $7.3 million sale of a retail building located at 1580 W. Valley Parkway in Escondido.
National Homebuilder M/I Homes Hires Prophetic for Land EvaluationM/I Homes, a leading national homebuilder, has engaged Prophetic, a technology provider focused on land acquisition tools, to help speed its land evaluation and acquisition process.
CBRE Arranges Sale of Newly Renovated 113K-SF Indiana Industrial PropertyCBRE has arranged the sale of a 112,862-square-foot industrial property located at 3701 S. Main Street in Elkhart, Indiana. Vault Equity Partners purchased the property from Industrial Commercial Properties (ICP).
SVN | Chicago Facilitates Sale of Two-Story Industrial PropertySVN | Chicago Commercial facilitated the sale of an 18,000-square-foot industrial property at 3450 N. Kostner Avenue in Chicago for $1.43 million. Industrial Advisor Tim Newberg represented the seller in the transaction.
Local Investor Snaps Up Sherman Oaks Burlington StoreMarcus & Millichap closed the sale of 14651 Ventura Blvd., a locally owned and operated Burlington store in Sherman Oaks. The sale price was $11,225,000.
Representative imagePublix Buys Second Retail Center Near Boynton BeachPublix’s South Florida shopping spree continues. The Lakeland, Fla.-based grocery store chain paid $24 million for one of the shopping centers it anchors near Boynton Beach, Fla. — nearly doubling the property’s value in just two years, records show.
CRG Offloads 1.2M-SF Building at Massive Mesa Warehouse FacilityCRG has sold Building C at The Cubes at Mesa Gateway, a 1.2-million-square-foot warehouse. The build-to-suit warehouse is fully leased to Lowe’s serving as a regional hub.
Apple Pays $162M for Sunnyvale Offices It Had SubleasedApple has paid $162.2 million for a Sunnyvale office building after signing a sublease for the property last year, the Silicon Valley Business Journal reported. The property at 684 W. Maude Ave.
Speed Bay Acquires 13-Building Commerce City Warehouse PortfolioSpeed Bay Warehouse Solutions purchased a 13-building industrial portfolio in Commerce City, Colorado. Park Industrial, a 466,270-square-foot industrial portfolio, is positioned at the intersection of Interstate 270 and 58th Ave. KEW Properties was the seller.