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Deals news – page 94
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Thompson Thrift Sells Peoria BTR Community for $45.8MMet Life acquired a 140-unit build-to-rent community in Peoria for $45.8 million. Thompson Thrift was the seller of the Grandstone at Sunrise, which sold for $327,500 per unit. IPA’s Steve Gebing and Cliff David brokered the deal.
Cushman & Wakefield Brokers $6.9M Sale of Delray Beach Medical Pavilion in South FloridaDELRAY BEACH, FLA. — Cushman & Wakefield has brokered the $6.9 million sale of Delray Beach Medical Pavilion, a 36,041-square-foot healthcare facility located at 14000 S. Military Trail in Delray Beach.
Representative imageAdvanced Real Estate Acquires Two Multifamily Communities in Hollywood Totaling 393 UnitsLOS ANGELES — Advanced Real Estate has purchased two apartment properties in the Hollywood neighborhood of Los Angeles, totaling 393 residences. The assets include the 200-unit Sky Hollywood (formerly known as Columbia Square Living) and the 193-unit Jardine Hollywood towers.
Thompson Thrift Disposes of Build-to-Rent Community in Peoria, Arizona for $45.8MPEORIA, ARIZ. — Thompson Thrift has completed the sale of Grindstone at Sunrise, a build-to-rent multifamily community in Peoria, to an undisclosed buyer for $45.8 million, or $327,500 per unit.
ViaWest Group, Walton Street Capital Sell 39,360 SF Industrial Property in PhoenixPHOENIX — ViaWest Group and Walton Street Capital have completed the disposition of 1450 East Buckeye Road, a fully leased industrial building in Phoenix, to Stonelake Capital Partners for an undisclosed price.
Lee & Associates Orange Brokers Sale of 10,080 SF Industrial Building in Fullerton, CaliforniaFULLERTON, CALIF. — Lee & Associates Orange has arranged the sale of a 10,080-square-foot industrial building located at 1021 S. Placentia Ave. in Fullerton. Bruner Rental Properties acquired the asset from KSP Real Estate Partners for $3.3 million.
Newmark Arranges Sale of Office, Retail Components at The Pointe at Polaris in ColumbusCOLUMBUS, OHIO — Newmark has arranged the sale and acquisition financing of the office and retail components of The Pointe at Polaris, a mixed-use asset located in the Polaris submarket of Columbus.
Reports: Walmart Acquires East Hartford Industrial Building for $212MEAST HARTFORD, CONN. — An affiliate of Walmart has acquired an industrial building in East Hartford for approximately $212 million, according to reports from multiple local news outlets, including CT Insider and the Hartford Business Journal.
Representative imageCBRE Investment Management JV Buys 1.1 MSF Retail PortfolioThe joint venture with MCB Real Estate includes grocery-anchored properties in five states. The post CBRE Investment Management JV Buys 1.1 MSF Retail Portfolio appeared first on Commercial Property Executive.
YS Developers Acquires Clinton Hill Development Site for $121MJLL Capital Markets arranged the $121.4-million sale of 47 Hall St., a full-block, 2.6-acre mixed-use development site in Clinton Hill, Brooklyn. Ethan Stanton, Michael Mazzara and Brendan Maddigan completed the sale to locally based YS Developers. The seller was not disclosed.
CBRE Investment Management, MCB Real Estate Buy U.S. Grocery-Anchored PortfolioCBRE Investment Management, an independent affiliate and specialized investment arm of CBRE, has expanded its U.S. retail platform with the acquisition of a grocery-anchored portfolio spanning five states, according to a Wednesday announcement.
Premier Equities Sells NoMad Office HQ at 1151 Broadway for $29MPremier Equities, through the entity Premier 1151-1153 Broadway, has offloaded the office and retail building 1151 Broadway for $29.2 million, according to city records made public Tuesday.
Advanced Real Estate Snags Two of Hollywood’s Five Apartment TowersAdvanced Real Estate has made what is reportedly Southern California’s largest multifamily buy year to date, purchasing the 200-unit Columbia Square Living, which has been renamed Sky Hollywood; and the 193-unit Jardine Hollywood towers.
Brixton Picks Up 106K-SF Las Vegas Retail CenterBrixton Capital acquired the Las Palmas Village shopping center from Cop Group for $29.4 million in an off-market transaction. Located at 445 E. Windmill Ln. in Las Vegas, the 106,838-square-foot, grocery-anchored shopping center is 95% occupied.
Saks Global Sells Scarsdale Retail Center to Sagehall for $80MSaks Global is officially in fire-sale mode.
Blackstone Pays $195.9M for S. Florida Industrial ParkA Blackstone affiliate acquired the seven-building Prologis Gateway Center industrial park in Boynton Beach for a combined $195.9 million. The S. Florida Business Journal reports Prologis sold nearly 800,000 square feet of buildings to Blackstone.
Representative imageWoodside Buys 200,155 SF Office Campus in Northwest Houston, Plans RenovationsHOUSTON — Woodside, a Texas-based real estate private equity firm, has purchased Saddlebrook Place, a four-building, 200,155-square-foot office campus in northwest Houston.
Representative imageMarcus & Millichap Brokers Sale of 47,988 SF Retail Building in Northwest HoustonHOUSTON — Marcus & Millichap has brokered the sale of a 47,988-square-foot retail building in northwest Houston. The freestanding building, which was constructed on a 5.5-acre site at 7300 W.
Representative imageHolt Lunsford Negotiates 13,294 SF Industrial Lease in Fort WorthFORT WORTH, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 13,294-square-foot industrial lease in Fort Worth.
Representative imagePCA Properties Acquires 31,042 SF Industrial Space in TucsonTUCSON, ARIZ. — PCA Properties LLC has acquired an industrial space, located at 5575 S. Houghton Road in Tucson, from L&M Family Ventures for $4.2 million. The property offers 31,042 square feet of industrial space.