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Deals news – page 88
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Stonelake Picks Up Recently Delivered Apex Warehouses for $90MStonelake Capital Partners acquired Apex Commerce Center, a three-building Class A industrial portfolio in Raleigh, for $90 million.
Cushman & Wakefield Brokers $36M Sale of Apartment Building in Lynbrook, New YorkLYNBROOK, N.Y. — Cushman & Wakefield has brokered the $36 million sale of Cornerstone Yorkshire, an 80-unit apartment building in Lynbrook, located on Long Island.
Representative imageIPA Negotiates Sale of 42-Unit Pomeroy Place Apartments in Meriden, ConnecticutMERIDEN, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Pomeroy Place Apartments, a 42-unit apartment complex in Meriden, located roughly midway between Hartford and New Haven.
B.A.G. Investments Buys 104-Unit Apartment Community in Downey, CaliforniaDOWNEY, CALIF. — B.A.G. Investments has acquired Parc @ 5, a 104-unit garden-style multifamily asset located in Downey, approximately 13 miles from downtown Los Angeles. Parc @ 5 Downey LLC sold the asset for an undisclosed price.
Progressive Real Estate Partners Brokers $2.8M Sale of Restaurant Building in Ontario, CaliforniaONTARIO, CALIF. — Progressive Real Estate Partners has arranged the purchase of a freestanding restaurant building located at 4605 Mills Circle in Ontario. A private investor acquired the asset for $2.8 million.
Colliers Finalizes Apartment Sale in Supply-Constrained 605 CorridorColliers closed the sale of Parc @ 5, a 104-unit garden-style apartment community located in the gateway city of North Downey. The buyer, B.A.G. Investments, Inc., acquired the asset from Parc @ 5 Downey, LLC for an undisclosed figure.
JLL Finalizes Sale of New Haven Apartment PortfolioJLL Capital Markets has secured the $20.6-million sale of Campus View & Traymore Apartments, a historic 126-unit portfolio in New Haven, CT.
Walmart to Double Size of Tucson StoreConstruction is underway on a 160,000 square feet Walmart Superstore at the southwest corner of First Avenue and Wetmore Road in Tucson. Shindico Realty and its partner, Larsen Baker, sold the property for $17 million.
CBRE Arranges Sale of MOB for MedProperties Group in Suburban ChicagoCBRE facilitated the sale of the 11 Salt Creek Medical Building, a 39,627-square-foot medical outpatient building located at 11 Salt Creek Lane in Hinsdale, Illinois. Chris Bodnar, Brannan Knott, Zack Holderman, Anthony Sardo, Cole Reethof, and Jesse Greshin of CBRE U.S.
New 7-Eleven Prototype Sets California Pricing RecordHanley Investment Group Real Estate Advisors arranged the $12.18-million sale of a newly constructed, single‑tenant 7‑Eleven convenience store, gas station and commercial fueling facility located at 3720 Ave. 17 in Madera.
Realterm Expands Midwest Presence With Chicago-Area IOS AcquisitionRealterm announced the acquisition of 9655 Industrial Drive, an industrial outdoor storage (IOS) maintenance facility in Bridgeview, Illinois, Chicago’s southwest suburban industrial corridor.
Jeremy Moss of Silverstein Properties: 5 QuestionsThe final piece of Larry Silverstein’s puzzle to rebuild the World Trade Center office campus is almost complete. Since the Sept.
Representative imageValrock, Evergen Equity Acquire 194,255 SF Industrial Building in Von Ormy, TexasVON ORMY, TEXAS — A partnership between Valrock, a newly launched industrial investment firm, and Austin-based Evergen Equity has acquired a 194,255-square-foot building in Von Ormy, a southwestern suburb of San Antonio.
St. Pete Beach Resort Trades for $31.5MOTO Development paid $31.5 for a St. Petersburg resort that was recently renovated due to hurricane damage. The 102-key Beachcomber Beach Resort reopened Oct. 30 after a year’s worth of repairs.
Representative imageHighland Properties Negotiates 25,000 SF Industrial Lease Renewal in ArlingtonARLINGTON, TEXAS — Local brokerage firm Highland Properties has negotiated a 25,000-square-foot industrial lease renewal in Arlington.
Representative imageMarcus & Millichap Brokers $7.7M Sale of Lower Manhattan Apartment BuildingNEW YORK CITY — Marcus & Millichap has brokered the $7.7 million sale of a 15-unit apartment building in Manhattan’s Lower East Side. The newly renovated building at 259 E.
Representative imageO,R&L Commercial Arranges $6M Sale of Industrial Building in Branford, ConnecticutBRANFORD, CONN. — Locally based brokerage firm O,R&L Commercial has arranged the $6 million sale of a 55,274-square-foot industrial building located in the southern coastal Connecticut city of Branford.
Peninsula Land & Capital Buys 124,724 SF Lincoln Court Office Building in Campbell, CaliforniaCAMPBELL, CALIF. — Peninsula Land & Capital has acquired Lincoln Court, a three-story office building in Campbell, from an undisclosed seller for $24.6 million. Located at 2105 S.
Representative imageLee & Associates Brokers $11.5M Sale of Industrial Property in Escondido, CaliforniaESCONDIDO, CALIF. — The Little Dragovic Team of Lee & Associates – North San Diego County has negotiated the sale of an industrial property located at 410, 414 and 416 Hale Ave. in Escondido.
Berkadia Arranges Sale of 280-Unit Apartment Community in Virginia’s Hampton Roads RegionCHESAPEAKE, VA. — Berkadia has arranged the sale of Allure at Edinburgh, a newly delivered, 280-unit apartment community located in the Hampton Roads city of Chesapeake.