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Arthaus, Belay Expand into San Francisco with Nob Hill AcquisitionArtHaus Partners, in partnership with Belay Investment Group, has acquired The Terraces, a 117-unit multifamily property in San Francisco’s Nob Hill neighborhood.
Recent Houston Highrise Buyer Plans $11M RevampSade Real Estate is planning $11 milion in upgrades on its recently purchased apartment tower between River Oaks and Greenway Plaza.
Representative imageMarcus & Millichap Brokers Sale of Retail Strip Center in Balch Springs, TexasBALCH SPRINGS, TEXAS — Marcus & Millichap has brokered the sale of Imperial Square, a retail strip center in the eastern Dallas suburb of Balch Springs that was built in 2017. The center comprises seven suites that are leased to a mix of service-oriented retailers.
Representative imageNorth Palisades Partners Buys 2,298-Unit Self-Storage Portfolio in PhiladelphiaPHILADELPHIA — North Palisades Partners, a California-based investment firm, has purchased a portfolio of two self-storage facilities in the Northern Liberties neighborhood of Philadelphia. The properties are located at 40 Spring Garden St. and 510 N. Christopher Columbus Blvd.
Partnership Sells 252,000 SF Industrial Park in Lynn, MassachusettsLYNN, MASS. — A partnership between two locally based investment firms, A.W. Perry and Foxfield, has sold Lynnway Industrial Park, a 252,000-square-foot development in Lynn, located on the northeastern outskirts of Boston.
Representative imagePacific Urban Investors Acquires 140-Unit Multifamily Community in San DiegoSAN DIEGO — Palo Alto, Calif.-based Pacific Urban Investors has purchased Casas by the Sea, an oceanfront multifamily property in the Bird Rock/La Jolla neighborhood of San Diego. Terms of the transaction were not disclosed.
Old Town Multifamily Property Changes HandsMarcus & Millichap completed the sale of 1503 North Wieland Street, an eight-unit multifamily property located in Chicago’s Old Town neighborhood. The property sold for $2.5 million.
CBRE Arranges Sale of 53K-SF Office, Surgical Center Lease in PennsylvaniaCBRE has arranged the sale of 1600 Manor Drive, a 52,622-square-foot office and surgical center located within the New Britain Corporate Center in Chalfont, Pennsylvania. Pruthi Properties purchased the property from an affiliate of Equus Capital Partners, Ltd. for $12 million.
Cohen & Steers Corrals Tucson Retail CenterCohen & Steers Income Opportunities REIT, Inc. (“CNSREIT”) acquired Oracle Crossings, a 266,000‑square‑foot, grocery‑anchored open‑air shopping center located in the Oro Valley submarket of Tucson, Arizona.
Santa Clara Office and R&D Campus Trades for More Than $300MEllis Partners and Boston-based investment manager The Baupost Group have finalized the purchase of Great America Commons, a pair of Class-A office and R&D buildings totaling approximately 635,000 square feet and located at 4555-4655 Great America Pkwy. in Santa Clara.
Representative imageAdvanced Real Estate Buys 126-Unit Casa La Paz Apartment Community in Rowland Heights, CaliforniaROWLAND HEIGHTS, CALIF. — Advanced Real Estate has purchased Casa La Paz, a 126-unit multifamily property located in Rowland Heights, an unincorporated community in the San Gabriel Valley within Los Angeles County.
Cushman & Wakefield Brokers Sale of 87,030 SF Multi-Tenant Office Building in PhoenixPHOENIX — Cushman & Wakefield has arranged the sale of Fairmount Place, an 87,030-square-foot office property in Tucson. First & Center LLC sold the asset to Albuquerque SNF LLC for $11.5 million. Located at 4001 N. 3rd St., the four-story building is divided into 31 suites.
Chinatown Service Center Acquires 25,320 SF Office Building in San Gabriel, CaliforniaSAN GABRIEL, CALIF. — Chinatown Service Center, a nonprofit, has purchased an office building located at 526 W. Las Tunas Drive in San Gabriel from 211 LA for $8.2 million.
Representative imageDallas Mavericks Agree to Buy 104 Acres at Former Valley View Mall for New Arena, Entertainment ComplexDALLAS — The Dallas Mavericks have entered into options agreements for the potential purchase of 104 acres at the site of the former Valley View Mall on the city’s north side that could become the future home of a new basketball arena and entertainment complex, according to a…
Connolly, Coro Realize Hefty Gain from Sandy Springs Retail SaleConnolly and Coro Realty Advisors sold Chastain Market for $71 million to Kite Realty Group. The Atlanta Business Chronicle reports the sellers had purchased the 121,000-square-foot center for $40.5 million in 2022. Trader Joe’s replaced Sprouts after the latter closed in 2023.
Representative imageEastern Union Arranges $5.5M Equity Investment in Metro Houston Multifamily PropertyBAYTOWN, TEXAS — Eastern Union has arranged a $5.5 million equity investment in Raintree Apartments, a 248-unit multifamily property located in the eastern Houston suburb of Baytown.
Representative imageCresa Negotiates 249,640 SF Data Center Lease in Carlstadt, New JerseyCARLSTADT, N.J. — Cresa has negotiated a 249,640-square-foot data center lease in the Northern New Jersey community of Carlstadt. The tenant was not disclosed.
Berkadia Brokers Sale of 294-Unit Condominium Hotel in Sunny Isles Beach, FloridaSUNNY ISLES BEACH, FLA. — Berkadia has brokered the sale of Solé Miami, A Noble House Resort, a 294-key condominium hotel located in Sunny Isles Beach, about 20 miles north of downtown Miami. The resort features beach access, a pool, fitness center and a steam room.
BGO Acquires 41,810 SF Medical Office Building in Metro TampaRIVERVIEW, FLA. — BGO, the institutional investment firm formerly known as BentallGreenOak, has acquired 6606 Simmons Loop Road, a 41,810-square-foot medical office building located in the Tampa suburb of Riverview.