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Deals news – page 73
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Representative imageDalfen Industrial Acquires 419,253 SF Portfolio in South FloridaFORT LAUDERDALE, FLA. — Dalfen Industrial has acquired a nine-building industrial portfolio in South Florida’s Broward County totaling 419,253 square feet. The Dallas-based investment and development firm purchased the properties at 55 percent replacement cost.
Diversified Partners Acquires Site for 100,000 SF Mixed-Use Project in Scottsdale, ArizonaSCOTTSDALE, ARIZ. — Diversified Partners has closed on a waterfront property in Scottsdale that will become The Lakefront at Scottsdale, a mixed-use redevelopment.
JLL Brokers $31.5M Sale of Grocery-Anchored Neighborhood Center in El Cajon, CaliforniaEL CAJON, CALIF. — JLL Capital Markets has brokered the $31.5 million sale of The Shops at Parkway Plaza, a grocery-anchored retail center in El Cajon. A private seller sold the asset to a Texas-based family office.
Hanley Investment Group Negotiates $5M Sale of Single-Tenant Retail Property in Clovis, CaliforniaCLOVIS, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $5 million sale of a 2,047-square-foot, single-tenant retail property located roughly eight miles west of Fresno in Clovis.
Representative imageSenior Housing Operator Omni Lifestyle Living Buys Midtown Marriott for $40MAn Ohio-based senior living provider has purchased a Marriott hotel in Midtown.
CBRE Represents TPG Angelo Gordon in Sale of Offices on Long Island’s North ShoreThe CBRE team of Jeff Dunne, Steve Bardsley and Travis Langer, in collaboration with Philip Heilpern of CBRE’s Long Island office, completed the $22.5-million sale of the leasehold interest in 50 Jericho Quadrangle in Jericho, NY.
Kaufman Under Contract to Buy Savanna’s Madison Square Park Properties for $125MTwo Madison Square Park properties are about to change hands, Commercial Observer has learned. Savanna’s 24-28 West 25th Street and 48 West 25th Street, also known as the Madison Square Collection, are being sold to Kaufman Investments for around $125 million, sources said.
Fargo Developer Enclave Closes on $80M Mixed-Use Development in MNFargo-based developer Enclave has officially closed on Krew, a new multifamily community with ground-floor commercial space valued at $79.9 million in Shoreview, Minnesota.
Representative image601W Secures $132M to Buy Brookfield’s Downtown L.A. Office TowerAnother of the last few towers that once made up Brookfield’s expansive but distressed office portfolio in Downtown Los Angeles has a new owner.
Representative imageAmeriprise Financial Renews 38K SF at Durst’s One World Trade CenterGlobal financial services firm Ameriprise Financial has extended its stay at One World Trade Center, Commercial Observer has learned.
Meliá Hotels International Buys NoMad Hotel on West 27th Street for $203MEytan Benyamin’s Artimus Construction has sold a 313-key hotel in Manhattan’s NoMad neighborhood for $203 million.
Hackberry Lane Adds 400 Beds in Florida, Arkansas University MarketsHackberry Lane, a vertically integrated student housing investment and operating company, announced the closing of six separate transactions across Gainesville, FL (University of Florida) and Fayetteville, AR (University of Arkansas). Sellers and pricing were not disclosed.
601W Acquires 1.4M-SF DTLA Office Tower at Steep DiscountNorthwind Group, a Manhattan-based real estate private equity firm and debt fund manager, originated a $132-million first-mortgage acquisition loan secured by 333 S.
Representative imageJLL Negotiates 75,000 SF Office Lease at APEX at Legacy in PlanoPLANO, TEXAS — JLL has negotiated a 75,000-square-foot office lease at APEX at Legacy, a 220,000-square-foot building located at the intersection of Dallas North Tollway and Sam Rayburn tollways in Plano.
139 Bowery Sells Again for $36M After $50M Bankruptcy Deal in MayA glassy building on the Bowery in Manhattan has secured a second sale in a matter of weeks.
Federal Realty Sells Harris Teeter-Anchored Shopping Center in Falls Church, Virginia for $58MFALLS CHURCH, VA. — Federal Realty Investment Trust has sold Barcroft Plaza, a 113,173-square-foot shopping center located in Falls Church, roughly 10 miles west of Washington, D.C. Jordan Lex and Danny Naughton of JLL represented the seller in the $58 million transaction.
Colliers Brokers Sale of 82,847 SF Avalon Crossing Shopping Center in IndianapolisINDIANAPOLIS — Colliers has brokered the sale of Avalon Crossing Shopping Center, an 82,847-square-foot neighborhood retail center in Indianapolis.
Texas Family Office Snaps Up Grocery-Anchored El Cajon RetailJLL Capital Markets has completed the $31.5-million sale of The Shops at Parkway Plaza, a grocery-anchored retail center totaling 122,484 square feet in El Cajon. JLL represented the private seller in the sale of the property. The buyer was a Texas-based family office.
Shallow Bay Industrial Portfolio Trades in East BayNewmark arranged the sale of Sierra Trinity, an 11-building, shallow bay industrial portfolio located in the East Bay city of Dublin.
Marcus & Millichap Brokers Sale of 160-Unit Multifamily Property in WisconsinMarcus & Millichap announced the sale of Orchard Courts Apartments, a 160-unit multifamily property in Kenosha, Wisconsin.