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Deals news – page 9
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Decron Buys Miracle Mile Apartments For $114M: The Los Angeles Deal SheetDecron Properties acquired a 163-unit complex in Miracle Mile with apartments above and retail at street level.
Downtown Brooklyn Development Site Fetches $84MJLL Capital Markets arranged the $83.5-million sale of the Bridge & Fulton Development Site, a large-scale mixed-use development opportunity located at 485 Fulton St. and 147 Lawrence St. in Downtown Brooklyn. Borough Developers acquired the property from ICER Real Estate.
Marcus & Millichap Closes Multifamily Sale in San Diego’s College EastMarcus & Millichap closed the sale of The Molokai Apartments, a 39-unit multifamily property in San Diego. The property sold for $11.2 million, or $287,179 per unit.
Atlantic Capital Partners Arranges $10M Sale of Milford Strip CenterAtlantic Capital Partners arranged the $10-million sale of Quarry Square, a 56,004-square-foot, stabilized neighborhood strip center in Milford, MA, anchored by local fitness and restaurant operators.
SoCal Family Office Snaps Up Apartments in Competitive Modesto SubmarketThe Mogharebi Group (TMG) represented Bay Area-based Tesseract Capital Group in the sale of The Marc at 1600, a 100-unit multifamily community located at 1600 Standiford Ave. in Modesto. The buyer was a private family office from Southern California, which paid $26.6 million.
Galvanize Real Estate Makes California Debut with Milpitas Industrial PortfolioGalvanize Real Estate (GRE), the real estate platform of Tom Steyer’s climate firm Galvanize, has made its first California acquisition with a deal for the Cadillac Court Industrial Portfolio, a four-building campus in Milpitas.
Decron Properties Buys 163-Unit Property in L.A.’s Miracle Mile for $114MDecron Properties has acquired a 163-unit property in Los Angeles’ Miracle Mile for $114 million as the firm’s first L.A. deal in nearly two years.
Bascom Buys 370-Unit, Value-Add Project Near RichardsonThe Bascom Group acquired the Jasmine Apartments, a 1980-built 370-unit workforce multifamily community located in North Dallas near the Richardson city line. The Jasmine marks Bascom’s 42nd Texas acquisition.
ECA Acquires 20-Property Texas Multifamily PortfolioElowen Capital structured and sourced $101 million in total capitalization for ECA’s acquisition of a 20-property, 1,576-unit multifamily portfolio spanning 13 cities across Texas.
Midtown Capital Pays $86M for 13 Doral Industrial AssetsKnighthead Funding provided a $63 million loan to Midtown Capital Partners to finance the acquisition of a portfolio of 13 urban-infill, small-bay industrial assets in Doral, Florida.
Worth & Associates Acquires 108,116 SF Office Complex in San AntonioSAN ANTONIO — Locally based owner-operator Worth & Associates has acquired The Commons at Concord Park, a 108,116-square-foot office complex in San Antonio’s Stone Oak neighborhood.
ESJ Pays Nearly $30M for Kannapolis Rental CommunityPickering & Co. Real Estate has offloaded The Bridge of Cabarrus, a 144-unit project the company built in Kannapolis in 2021. ESJ Capital Partners paid $29.5 millon for the apartment complex.
Representative imageLee & Associates Negotiates 14,100 SF Industrial Lease in Richardson, TexasRICHARDSON, TEXAS — Lee & Associates has negotiated a 14,100-square-foot industrial lease in the northeastern Dallas suburb of Richardson. According to LoopNet Inc., the building at 789 N. Grove Road was completed in 1983 and totals 54,471 square feet.
Iconic Hollywood Building Site Gives Way to Apartment UnitsFor more than a decade, the Hollywood Bread Building at 1770 S. Young Circle sat vacant, once a revered structure in Hollywood. BTI Partners bought the property, demolished the aging building and replaced it with 362 residences and 15,407 square feet of ground-floor retail.
Representative imageJLL Negotiates $21.7M Sale of Multifamily Development Site in The BronxNEW YORK CITY — JLL has negotiated the $21.7 million sale of a 28,700-square-foot multifamily development site in The Bronx. The site at 122 Bruckner Blvd. is located within the borough’s Mott Haven neighborhood and can support 172,774 square feet of new development.
Representative imageManova Partners Acquires 1 MSF Logistics Facility in Spartanburg, South CarolinaSPARTANBURG, S.C. — Munich-based Manova Partners has acquired Spartanburg 221, a roughly 1 million-square-foot logistics facility located at 2536 Chesnee Highway in Spartanburg. New York-based Rockefeller Group sold the property for an undisclosed price.
Sagard Real Estate Purchases 400,800 SF Industrial Property in West AtlantaATLANTA — Sagard Real Estate has acquired 5070 Phillip Lee Drive SW, a 400,800-square-foot industrial property located in Atlanta. The seller was SkyREM, according to multiple media sources. The purchase price was not disclosed.
Whittier Comstock Acquires 135,308 SF Fairway Center II Office Property in Brea, CaliforniaBREA, CALIF. — The Whittier Comstock, a subsidiary of MW Investment and owned by Matt Waken, purchased Fairway Center II, an office property in Brea, from an undisclosed seller for $27.8 million.
Rexford Closes on $1.2B Portfolio Sale to EQTRexford Industrial Realty, Inc. on Thursday announced the closing of its previously announced sale of an industrial portfolio to an affiliate of EQT Real Estate for approximately $1.2 billion. CBRE National Partners advised Rexford on the sale.
Beer-Importing Holterbosch Family Offloads LIC Warehouse for $95MThe Holterbosch family, former owners of a German beer importing and distribution business, has sold a Long Island City, Queens, warehouse a decade after the death of its patriarch.