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Deals news – page 89
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Representative imageSheraton Suites Hotel Trades Near Fort LauderdaleA joint venture acquired the property from Everwood Hospitality Partners. The post Sheraton Suites Hotel Trades Near Fort Lauderdale appeared first on Commercial Property Executive.
Representative image11North Partners Pays $60M for Orlando Retail AssetBank of America issued an acquisition loan for this transaction. The post 11North Partners Pays $60M for Orlando Retail Asset appeared first on Commercial Property Executive.
IPA Arranges First 50-Unit-Plus Encino Multifamily Sale Since 2017Institutional Property Advisors (IPA), a division of Marcus & Millichap dedicated to serving the company’s institutional clients, arranged the sale and financing of Park Encino, a 52-unit apartment property in the Encino neighborhood of Los Angeles.
Representative imageUsing Automation to Win Deals: Q&A with Henry AI’s Sammy GreenwallA broker’s success is based largely on interpersonal skills, yet those skills can be undercut by the time and effort required to complete the manual tasks that are essential to getting a deal done.
Pharma Company Planning $280M Denton PlantPharmaceutical company Novartis broke ground on a new manufacturing plant in Denton. The company purchased an existing three-building, special-use facility totaling 46,000 square feet on 20 acres at 2101 Shady Oaks Drive.
Gary Barnett’s Extell Lands $500M Acquisition of 405-417 Park AvenueGary Barnett’s Extell Development sealed the deal on a $500 million acquisition of a block-long development site at Midtown’s 405-417 Park Avenue.
Rio Investments Acquires 353K-SF San Antonio Shopping CenterRio Investments purchased The Legacy, a 353,000-square-foot retail center in San Antonio. The San Antonio Business Journal reports Nassau CorAmerica lent $37.8 million in acquisition financing to Rio Investments to help close the deal. Santikos Entertainment was the seller.
Representative imageJLL Negotiates Sale of 153,671 SF Office Building in West HoustonHOUSTON — JLL has negotiated the sale of 5300 Memorial Drive, a 153,671-square-foot office building in West Houston. The building was most recently renovated in 2019 and was 90 percent leased at the time of sale.
Representative imageHunter Advisors Arranges Sale of 141-Room Aloft San Antonio Airport HotelSAN ANTONIO — Atlanta-based hospitality brokerage firm Hunter Advisors has arranged the sale of the 141-room Aloft San Antonio Airport Hotel.
TKF Burnside Buys 400,000 SF Office Building in White Plains, New YorkWHITE PLAINS, N.Y. — TKF Burnside Real Estate Partners has purchased a 400,000-square-foot office building in White Plains, located north of New York City. The building at 360 Hamilton Ave.
Representative imageAriel Property Advisors Arranges $25.5M Sale of Commercial Development Site in The BronxNEW YORK CITY — Local brokerage firm Ariel Property Advisors has arranged the $25.5 million sale of commercial development site in the Mott Haven area of The Bronx. The site at 261 Walton Ave.
Representative imageMarcus & Millichap Brokers $4M Sale of Industrial Building in Leominster, MassachusettsLEOMINSTER, MASS. — Marcus & Millichap has brokered the $4 million sale of a 62,259-square-foot industrial building in Leominster, about 50 miles west of Boston. The building at 44 Mead St. features clear heights of 14 to 16 feet, eight loading docks and two grade-level doors.
Stos Partners Pays $26M for Nashville WarehouseStos Partners acquired 640 Massman Drive, a 169,855-square-foot Class B industrial warehouse in Nashville’s Airport industrial submarket, for $26 million. The seller, Sagard Real Estate, paid $12 million for the 8.45-acre property in 2020.
Colliers Brokers $35M Sale of Five-Property Mixed-Use Portfolio on Florida’s Space CoastMELBOURNE, FLA. — Colliers has brokered the $35 million sale of a five-property portfolio totaling more than 294,000 square feet of office, industrial, retail and medical office space in Melbourne, a city on Florida’s Space Coast.
Marcus & Millichap Brokers Sale of Retail Property in McDonough, Georgia Leased to Heartland DentalMCDONOUGH, GA. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a freestanding retail property in McDonough, a southern suburb of Atlanta.
Pegasus Brokers Sale of Theater-Anchored Mixed-Use Property in North HollywoodLOS ANGELES — Pegasus has arranged the purchase of Laemmle NoHo 7, a marquee theater-anchored retail and office property in the North Hollywood neighborhood of Los Angeles.
Laemmle Re-Acquires North Hollywood Theater It Sold to DeveloperPegasus advised on the $6.5-million acquisition of the Laemmle NoHo 7, a marquee theater-anchored mixed-use retail and office property located in the NoHo Arts District in North Hollywood.
Newmark Represents Anheuser-Busch in $360M Sale of Former Newark ComplexNewmark Group advised Anheuser-Busch in the $360-million sale of its former facility in Newark, NJ, to Goodman Group, a global leader in industrial real estate ownership and development. The beverage giant closed the 75-year-old facility in January.
399K-SF McAllen Shopping Center Trades for $81.6MCTO Realty Growth acquired the Palms Crossing Shopping Center in McAllen for $81.6 million. WPG (Washington Prime Group) was the seller. The 47-acre property features 399,000 square feet of retail space.
13 DFW Warehouses Part of $207.5M Portfolio PurchaseA Dalfen-led team picked up a 19-property, 1.38-million-square-foot shallow bay logistics portfolio located across Dallas-Fort Worth and three other midwestern metro areas. 13 of the properties were in the Dallas-Fort Worth area.