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Deals news – page 80
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Commune Capital Sells Self-Storage Property in Bellevue, Washington for $50.7MBELLEVUE, WASH. — Commune Capital has completed the disposition of a self-storage property located at 12399 Northup Way in Bellevue. Premier Storage Investors acquired the asset for $50.7 million.
Representative imageCBRE Negotiates $34.5M Sale of Multifamily Community in SacramentoSACRAMENTO, CALIF. — CBRE has negotiated the sale and acquisition financing of 16 Powerhouse, an apartment community in Sacramento. Oakmont Properties acquired the asset from Demmon Partners for $34.5 million.
Bridgeton Divests of 36,000 SF Museum Parc Mixed-Use Property in San FranciscoSAN FRANCISCO — Bridgeton has completed the sale of Museum Parc, a mixed-use property in San Francisco’s SoMa neighborhood, to DPI Retail for $19.2 million. Eric Kathrein, Andrew Spangenberg and Allie Repaskey of JLL Capital Markets represented the seller in the transaction.
Marcus & Millichap Arranges $2.8M Sale of Industrial Building in PhoenixPHOENIX — Marcus & Millichap has brokered the $2.8 million sale of an industrial warehouse property near Phoenix Sky Harbor International Airport.
Keystone Group Buys 378-Room Sheraton Indianapolis City Centre, Plans to Transform into Renaissance HotelINDIANAPOLIS — Keystone Group has purchased the 378-room Sheraton Indianapolis City Centre Hotel located at 31 W. Ohio St. in the heart of downtown Indianapolis.
Interra Realty Brokers $23M Sale of Apartment Complex in Metro ChicagoMOUNT PROSPECT, ILL. — Interra Realty has brokered the $23 million sale of 20West, a six-story, 71-unit apartment complex in Mount Prospect. Paul Waterloo, Patrick Kennelly and Nathan Zito of Interra represented the buyer, Wheeling, Ill.-based Anemone Real Estate.
Well-Located Bergen County Multifamily Trades for $29MCushman & Wakefield arranged the sale of 8 Tice Rd., a 52-unit multifamily property in the Bergen County borough of Franklin Lakes, NJ. The final sale price was $29,000,000.
Atlantic Capital Closes Sale of Rhode Island Power CenterAtlantic Capital Partners arranged the $20.5-million sale of Midland Commons, a power center condominium located in Warwick, RI.
Clear Height, Buligo Complete Sale of Midwest Manufacturing FacilityClear Height Properties and its investment partner, Buligo Capital Partners, announced the disposition of 10200 55th Street, a 354,000-square-foot single-tenant manufacturing and distribution facility located in Kenosha, Wisconsin.
Capstone Equities Acquires 140 Crosby Street for $51MCapstone Equities has taken ownership of a SoHo office building after moving to foreclose on it last year.
Gary Barnett’s Extell Buys 165 East 56th Street for $39MGary Barnett is seemingly unstoppable in Midtown, as he’s acquired yet another property ripe for redevelopment.
Lone Star Funds Sells Open-Air Mall in Palm Beach Gardens, Fla.DLC Management and Principal Asset Management bought an open-air shopping center in Palm Beach Gardens, Fla., the joint venture announced. The sale price was likely north of $114 million.
Bascom Pays $45.5M for Tucson Rental AssetThe Bascom Group acquired Domain 3201, a 289-unit multifamily property located in Tucson, Arizona, for $45.5 million. Investors Capital Group was the seller, paying $37.7 million for the property in 2019. Bascom plans a comprehensive renovation program on the property.
Miami Apartments Trade for $109.9MThe 266-unit Avida Aventura apartment complex at 19401 W. Dixie Highway in Miami was acquired by Breevest for nearly $110 million. The seller was Fifield Cos. The firm broke ground on Avida Aventura, its first Miami-Dade County project, in 2022 and completed it in 2024.
JLL Negotiates Sale of 357,570 SF Distribution Center in Northwest HoustonHOUSTON — JLL has negotiated the sale of Fairbanks Northwest Distribution Center, a 357,570-square-foot industrial property in northwest Houston. The two-building, cross-dock complex was constructed on a 23.4-acre site in 2023.
Representative imageCenterPoint Acquires Two Industrial Buildings Totaling 192,318 SF in South HoustonHOUSTON — Chicago-based investment firm CenterPoint Investment Management has acquired two industrial buildings totaling 192,318 square feet in South Houston.
Finmarc Offloads Raleigh Retail Center for $80.6MPrincipal Financial Group paid $80.6 million for a 383,000 square foot raleigh shopping center. Finmarc Management was the seller.
Representative imagePartners Real Estate Brokers Sale of 114,525 SF Office Building in Northeast DallasDALLAS — Partners Real Estate has brokered the sale of a 114,525-square-foot office building in northeast Dallas. According to LoopNet Inc., the seven-story building at 6500 Greenville Ave. was constructed in 1981 and renovated in 2000.
Convene Hospitality CEO Ryan Simonetti On Big Funding and New MarketsIn March, Convene Hospitality Group (CHG) secured $230 million in strategic growth capital amid a surge of organic and acquisition-driven expansion.
JLL Negotiates Sale of 110,780 SF Publix-Anchored Shopping Center in Fort Myers, FloridaFORT MYERS, FLA. — JLL has negotiated the sale of Daniels Crossing, a 110,780-square-foot, Publix-anchored shopping center located at 6900 Daniels Parkway in Fort Myers. Publix Super Markets Inc.