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Deals news – page 95
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Marcus & Millichap Arranges Sale of 12,196 SF Mixed-Use Building in San DiegoSAN DIEGO — Marcus & Millichap has arranged the sale of La Mesa Mixed-Use, a mixed-use property in San Diego. Ross Sanchez and Nick Totah of Marcus & Millichap represented the seller and buyer in the deal.
Progressive Real Estate Partners Brokers Sale of 11,720 SF Retail Center in Pomona, CaliforniaPOMONA, CALIF. — Progressive Real Estate Partners has negotiated the sale of Valley Plaza, a multi-tenant retail property located at 2407 Valley Blvd. in Pomona. A private investor acquired the asset for $2.6 million from a private investor.
YS Developers Buys RXR’s 47 Hall Street at $40M DiscountBrooklyn-based real estate development and general contracting firm YS Developers has scooped up a former industrial and office property in Clinton Hill, Brooklyn, at a $40 million discount from Scott Rechler’s RXR, Commercial Observer has learned.
Representative imageHOK Acquires Detroit-Based Architecture Firm RossettiDETROIT — HOK has acquired Rossetti, a Detroit-based architecture firm known for its sports venue design and renovation work. HOK says the merger strengthens its position as one of the world’s leading sports, recreation and entertainment design practices.
Missner Group Purchases 58,236 SF Industrial Building in Aurora, IllinoisAURORA, ILL. — The Missner Group has acquired 657 Wolverine Drive, a 58,236-square-foot industrial building in Aurora. Located on 5.5 acres, the multi-tenant property features a clear height of 18 feet, multiple drive-in doors and loading docks, heavy power and ample parking.
Representative imageNewmark Arranges 40,124 SF Office Lease at 1375 Peachtree in Midtown AtlantaATLANTA — Newmark has arranged a 40,124-square-foot office lease at 1375 Peachtree, a seven-story, 412,000-square-foot office building in Midtown Atlanta. The tenant, Drew Eckl & Farnham, will move into its new space on the sixth floor this December.
University Acquires Downtown Pomona’s Armstrong BuildingProgressive Real Estate Partners recently closed the $2.98-million sale of The Armstong Building, an iconic, 27,980-square-foot mixed-use building located at 150 -196 E. Third St. and 345 S. Locust St. in Pomona, to Western University of Health Sciences.
Private Investor Divests San Diego Mixed-Use After Decades of OwnershipMarcus & Millichap finalized the sale of La Mesa Mixed-Use, a 12,196-square foot mixed-use property located in San Diego. The asset sold for $2,300,000.
Vornado Taking 49% Stake in Fisher Brothers’ Park Avenue PlazaVornado Realty Trust said Tuesday it has agreed to purchase a 49% interest in Park Avenue Plaza from Closer Properties at a gross asset valuation of $1.1 billion, a significant discount to replacement cost.
Argo Acquires Nyack Apartments with Hudson River FrontageArgo Real Estate has acquired West Shore Towers, a 164-unit waterfront community located at 101 Gedney St. in Nyack, NY.
Nashua Retail Trades After 20-Year Hold and Two Years on MarketMatthews recently facilitated the sale of a retail property located at 166 Daniel Webster Hwy. in Nashua, NH. First VP and associate director Daniel Gonzalez and associate Nikolai Novak represented the buyer in the $8,800,000 transaction.
Marcus & Millichap Arranges Sale of 40-Unit Milwaukee MultifamilyMarcus & Millichap brokered the sale of Kane Place Apartments, a 40-unit multifamily property in Milwaukee, Wisconsin. The property sold for $3.52 million, or $88,125 per unit.
Hines Picks Up Site for 572K-SF Phoenix Industrial ProjectHines has acquired Cactus 303, a shovel-ready development site located in the West Valley of Phoenix off Loop-303, entitled for a three-building, class-A industrial project totaling 572,282 square feet. Construction is expected to begin this summer.
National Development Acquires Class A Wellesley Offices for RepositioningNational Development, on behalf of a separate account it manages, has acquired 93 Worcester St., a lass A office and life science property located at the intersection of Route 9 and Interstate 95/Route 128 in Wellesley, MA. Deal terms were not disclosed.
Kane Building 297-Unit Raleigh Sr. Housing VentureKane Realty is building an 8-story apartment complex, along with some retail space, on land it recently picked up within the North Hills Innovation District in Raleigh. The Triangle Business Journal reports the company paid $72 million for the 28-acre property.
Representative imagePartners Real Estate Brokers Sale of 10,350 SF Industrial Building in Humble, TexasHUMBLE, TEXAS — Partners Real Estate has brokered the sale of a 10,350-square-foot industrial building in Humble, a northern suburb of Houston. According to LoopNet Inc., the freestanding building at 19742 Carver Ave. was completed in 2024 and features 18-foot clear heights.
Newmark Arranges $113.5M Sale of Two Boston Retail PropertiesBOSTON — Newmark has arranged the $113.5 million sale of two retail properties in Boston’s Back Bay neighborhood. The properties are located at 4-6 and 28 Newbury St. and were custom-designed to house flagship stores of luxury retailers Chanel and Cartier, respectively.
Representative imageJLL Brokers Sale of 641,631 SF Industrial Portfolio in Hartford County, ConnecticutHARTFORD COUNTY, CONN. — JLL has brokered the sale of the New England Tradeport Shallow Bay Portfolio, a collection of nine industrial buildings totaling 641,631 square feet in Hartford County.
Provident Industrial Acquires 2.5 MSF Portfolio in Metro MemphisMEMPHIS, TENN. — Provident Industrial, a division of Dallas-based Provident, has acquired a 13-property industrial portfolio across the Memphis area totaling more than 2.5 million square feet.
Ballast Acquires Three Multifamily Buildings in San Francisco for $48.5MSAN FRANCISCO — Ballast has purchased three historic multifamily buildings in San Francisco for $48.5 million. Collectively known as the Three Sisters, the properties are located along the Van Ness corridor and the border of the Pacific Heights neighborhood.