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Deals news – page 96
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Representative imageMahoney & Associates Arranges $37.5M Sale of Carmel Rancho Shopping Center in CaliforniaCARMEL-BY-THE-SEA, CALIF. — Mahoney & Associates has arranged the sale of Carmel Rancho Shopping Center, a retail center in Carmel-by-the-Sea. Montage Health acquired the asset for $37.5 million.
Capstone Partners, PCCP Divest of 167-Unit Multifamily Property in Portland for $30.7MPORTLAND, ORE. — Capstone Partners and PCCP have completed the sale of Grant Park Village Quimby, a multifamily community in Portland, to Laurel Property Group for $30.7 million. Joe Nydahl and Josh McDonald of CBRE represented the seller and buyer in the transaction.
Representative imageNorthcap Commercial Brokers $20M Sale of Bonanza Gardens Apartments in Las VegasLAS VEGAS — Northcap Commercial has arranged the sale Bonanza Gardens Apartments, a multifamily property located at 2751 E. Bonanza Road in Las Vegas. The property sold for $20 million, or $116,959 per unit. Built in 1964, the community features 171 apartments.
Faulkner Capital Acquires Hollywood Luxury ApartmentsColliers arranged the sale of The Baxter, a newly constructed, mid-rise luxury apartment community located at 1818 N. Cherokee Ave. at the base of the Hollywood Hills.
Contiguous Crown Heights Parcels Trade to Development TeamJLL Capital Markets arranged the $25.15-million sale of two residential development sites located at 1029 Dean St. and 1104 Pacific St. in the Crown Heights neighborhood of Brooklyn. The transactions were completed in separate off-market deals.
Real Capital Solutions Enters Jersey City Market in Partnership with LamarA partnership of Real Capital Solutions (RCS) and Lamar Companies has acquired 30 Montgomery, a 16-story, 368,049-square-foot Class A office tower in Jersey City’s Exchange Place submarket. Terms were not disclosed.
Representative imageRithm Capital Rebrands Paramount Group as Elecor PropertiesMichael Nierenberg’s Rithm Capital has a new vision for the 16-building office portfolio it purchased from Paramount Group — one that’s going to come with $250 million of new capital improvements.
Cawley CRE Represents The Missner Group in Aurora Industrial AcquisitionCawley Commercial Real Estate announced the acquisition and leasing assignment of a 58,236-square-foot multi-tenant industrial facility located at 657 Wolverine Drive in Aurora, Illinois.
Roadside Development Expands Beyond DMV With Pennsylvania AcquisitionRoadside Development, a Washington, D.C.–based real estate investment and development firm, announced the acquisition of the Galleria at Mt. Lebanon in Pittsburgh, Pennsylvania.
Fetner, PGIM Buy Student Housing From Columbia for $65MFetner Properties and PGIM have closed on a $65 million sale-leaseback deal for 3260 Henry Hudson Parkway in the Bronx’s Riverdale neighborhood, Commercial Observer has learned.
Representative imageBlackstone Pays $200M for Another Industrial Portfolio in South FloridaLess than a month after buying an industrial campus in South Florida, Blackstone has paid nearly $200 million for another warehouse portfolio.
Jamestown Divests Ghirardelli Square Complex After 13-Year HoldEmbrace Real Estate and affiliate 1823 Partners said Monday they had acquired Ghirardelli Square, a 12-building waterfront landmark at 900 North Point St. in San Francisco’s Fisherman’s Wharf district, from Jamestown.
Knightvest Capital Acquires 389-Unit Apartment Building in Uptown DallasDALLAS — Locally based investment firm Knightvest Capital has acquired Ardan West Village, a 389-unit apartment building in Uptown Dallas.
Representative imageBradford Arranges Sale of 260,796 SF Office Building in IrvingIRVING, TEXAS — Bradford Commercial Real Estate Services has arranged the sale of MacArthur Ridge II, a 260,796-square-foot office building in Irving.
Butters, PEBB Purchase Two Boca Raton Office BuildingsButters Construction & Development and PEBB Enterprises acquired two office buildings in Boca Raton for $26.15 million. The two multi-tenant office buildings total 59,667 square feet and are currently 75% occupied.
Berkadia Negotiates $17.7M Sale of Ivy Gates Townhome Community in Petersburg, VirginiaPETERSBURG, VA. — Berkadia has negotiated the $17.7 million sale of Ivy Gates, a 120-unit townhome community located in Petersburg, roughly 24 miles south of Richmond.
Representative imageJLL Negotiates Sale of 105,869 SF Shopping Center in Southeast HoustonHOUSTON — JLL has negotiated the sale of Fairmont Preston Plaza, a 105,869-square-foot shopping center in southeast Houston. Built in 1974 and renovated in 2016, Fairmont Preston Plaza was 89 percent leased at the time of sale.
Marcus & Millichap Brokers $8.4M Sale of Retail Center in Metro JacksonvilleMIDDLEBURG, FLA. — Marcus & Millichap has brokered the $8.4 million sale of a 17,400-square-foot retail center located in Middleburg, roughly 26 miles southwest of downtown Jacksonville. Situated at 1690 Jeremiah St.
Browns Summit HVAC Company Pays $56.7M for its Manufacturing PlantEnvironmental Air Systems (EAS) purchased its manufacturing facility in Browns Summit for $56.74 million. The Triad Business Journal reports EAS purchased the 53-acre property at 5955 Summit Ave. from affiliates of the Silverman Group and Kushner Real Estate Group.
Swift Real Estate Partners Sells 158,785 SF Office Building in Pasadena, CaliforniaPASADENA, CALIF. — Swift Real Estate Partners has completed the disposition of 35 N Lake, a Class A office building in Pasadena, to State Compensation Insurance Fund for an undisclosed price. Located at 35 N.