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Deals news – page 7
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Value-Add Rentals Go for $13M in El CajonMarcus & Millichap closed the sale of 229 Shady Ln., a circa-1969, 59-unit multifamily property located in El Cajon. The asset sold for $13.25 million, or $224,576 per unit.
Retail and Redevelopment Site Comes to Market in Boston’s North EndMarcus & Millichap has the exclusive listing for sale of 85-95 Salem St. in Boston’s historic North End neighborhood. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap are leading the marketing campaign on the seller’s behalf.
Representative imageCIP Real Estate Buys San Gabriel Valley Industrial Park for $61MThe owner of a 200,049-square-foot industrial and flex complex in Los Angeles County’s San Gabriel Valley has unloaded the asset for $60.7 million.
Entre Commercial Realty Facilitates Sale of 142K-SF Facility on 20 Acres in PlainfieldEntre Commercial Realty announced the sale of a 142,370-square-foot industrial facility located at 24210 W 143rd Street in Plainfield, Illinois.
PRCP, Conversant Acquire Super-Regional Ventura MallPacific Retail Capital Partners (PRCP) has formed a joint venture with Conversant Capital LLC to acquire Pacific View Mall in Ventura for an undisclosed sum.
Marty Burger-L&L Venture Debuts With $245M Third Avenue Deal: The N.Y. Deal SheetThe Marty Burger-David Levinson joint venture acquired the office tower from an institutional investor.
Richard Born Part of Investor Group in BlackRock’s $245M Sale of 600 Third AvenueHotel investor Richard Born is the unnamed investor in 600 Third Avenue, Commercial Observer has learned.
Representative imageJP Morgan Chase Sells South Florida Rental for $106MJ.P. Morgan Chase sold a garden-style multifamily property in Wellington, Fla., for $105.5 million after owning it for nearly a quarter century, according to property records.
Representative imageOffice Tenants Should Negotiate Cell Coverage Like a Lease IssueFor most of the past two decades, connectivity in office buildings followed a simple division of labor. Tenants bought their own wi-fi. Wireless carriers delivered the cellular signal, and often funded the in-building systems that made it work.
Northmarq Adds Thirdline Capital Management To Investment PlatformThirdline Capital Management manages the Thirdline Real Estate Income Fund, a registered closed-end fund that trades under the ticker TREIX.
Representative imageLink Logistics Acquires 61,111 SF Industrial Building in Round Rock, TexasROUND ROCK, TEXAS — New York City-based Link Logistics has acquired a 61,111-square-foot industrial building in the northern Austin suburb of Round Rock. According to LoopNet Inc., the building at 2401 Double Creek Drive was constructed in 1998.
Investicore Acquires 14-Building Charlotte Office ComplexInvesticore Holdings purchased a 14-building 568,811-square-foot Charlotte complex for $64 million. Ares was the seller. The Charlotte Business Journal reports the 42-acre park, called ThExchange, is 60% occupied. One building is entirely vacant.
Representative imageOxford Partners Negotiates 20,046 SF Industrial Lease Renewal in North HoustonHOUSTON — Locally based brokerage firm Oxford Partners has negotiated a 20,046-square-foot industrial lease renewal in North Houston. The space is located within the building at 15360 Vantage Parkway W.
PRP Purchases Hyundai Mobis-Leased Distribution Center in Montgomery for $66.5M, Plans ExpansionMONTGOMERY, ALA. — PRP Real Assets has acquired a newly built distribution center in Montgomery for $66.5 million.
Blackfin, Enterprise to Acquire Apartment Community in South Nashville for $26MNASHVILLE, TENN. — Blackfin Real Estate Investors LLC and Enterprise Community Partners plan to acquire Brookridge Apartments, a 177-unit community located at 100 Brookridge Trail in Nashville. The seller and sales price were not disclosed.
Investor Buys Montgomery Hyundai Plant, Adding 240K-SFPRP Real Assets acquired the newly-built Hyundai-Mobis Class-A, Flagship Redistribution Center in Montgomery, AL for $66.5 million. The property is leased to Hyundai for 14 years and guaranteed by Hyundai-Mobis.
Representative imageJLL Negotiates $27M Sale of Apartment Complex in Haddam, ConnecticutHADDAM, CONN. — JLL has negotiated the $27 million sale of Blueway Commons, an 88-unit apartment complex in Haddam, located in Middlesex County. Blueway Commons was built on 6.5 acres between 2023 and 2025.
FPA Multifamily Acquires 237-Unit, Three-Building Apartment Portfolio in DenverDENVER — California-based FPA Multifamily has purchased a three-building, 237-unit multifamily portfolio in Denver from 2580 South University Co. LLC, 2550 South University Co. and 2512 South University Co. for an undisclosed price.
Oxford Properties Sells 238,473 SF Light Industrial Portfolio in Riverside, CaliforniaRIVERSIDE, CALIF. — Oxford Properties has completed the disposition of a light industrial portfolio in Riverside to Sierra Ridge Capital, with Los Angeles-based Pacific Properties Group providing the equity, for an undisclosed price.
Ian Michael Klein, Rabina’s Development Head, Wanted to Be ‘a Real Estate Guy’When Ian Michael Klein, head of development and construction at Rabina, told his dad — a commercial real estate broker — that he wanted to go into architecture, his dad didn’t really see the draw.