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Coldwell Banker Brokers WA Industrial Property Sale to Auto GroupBrandon Thomas of Coldwell Banker Commercial has closed the $7.9 million sale of 1920 Garrett Street in Enumclaw, Washington, a 36,160-square-foot industrial building on 1.2 acres, representing the seller, Thundering Mountain, LLC.
Bader, Cortland Agree to Terms on Austin Apartment DealCortland sold a 276-unit apartment complex in Austin to Minnesota-based Bader. Mesa West Capital funded the deal on behalf of Bader. Commercial Search reports that Cortland acquired the asset, Adair Onion Creek, in 2019, following its acquisition of Pure Multi-Family REIT.
Van Nuys Apartment Sale is Neighborhood’s Largest by Unit Count Since 2015Nuveen Rel Estate has sold San Regis, a 390-unit multifamily property in the Van Nuys neighborhood of Los Angeles, for an undisclosed sum.
Rowan Adds to Temple Data Center LocationsRowan Digital has been given the greenlight by the Temple City Council to get to work on another data center.
Acadia Realty Pays $114M for Two Newbury Street Retail PropertiesAcadia Realty Trust has paid a total of $113.5 million for two retail properties along Boston’s Newbury Street, reported the Boston Business Journal. The properties at 4-6 Newbury St. and 28 Newbury St. are occupied by Chanel and Cartier, respectively.
Representative imageNHI Agrees to Sell Skilled Nursing Portfolio to National HealthCare Corp. for $560MMURFREESBORO, TENN. — National Health Investors (NHI) has executed an agreement to sell a seniors housing portfolio to National HealthCare Corp. (NHC) for a total of $560 million. The portfolio includes 32 skilled nursing facilities and three independent living facilities.
Fund Acquires Shopping Center on Florida’s Space Coast for $16MMERRITT ISLAND, FLA. — A tenancy-in-common (TIC) entity including MHCommercial Real Estate Fund II, a private equity fund launched by South Florida-based commercial real estate services firm NAI Merin Hunter Codman, has acquired the Shoppes at Victoria Square on Florida’s Space…
Marcus & Millichap Brokers Sale of Upstate South Carolina Retail Property Leased to Chase BankBOILING SPRINGS, S.C. — Don McMinn and Andrew Koriwchak of Marcus & Millichap’s Taylor McMinn Retail Group have brokered the sale of a freestanding retail property in Boiling Springs, a city in Upstate South Carolina’s Spartanburg County.
Representative imageJoint Venture Acquires 53,000 SF Office, Retail Building in San AntonioSAN ANTONIO — A joint venture between two retail owner-operators, Houston-based Fifth Corner and San Antonio-based Headwall Investments, has acquired a 53,000-square-foot office and retail building in San Antonio’s Alamo Heights submarket.
Harrison Street Acquires Two Seniors Housing Communities in Southern ConnecticutDARIEN AND STAMFORD, CONN. — Chicago-based owner-operator Harrison Street has acquired two seniors housing communities totaling 216 units in southern Connecticut.
Representative imageCushman & Wakefield Brokers $4.3M Sale of Medical Office Building in Westwood, New JerseyWESTWOOD, N.J. — Cushman & Wakefield has brokered the $4.3 million sale of a 33,277-square-foot medical office building in the Northern New Jersey community of Westwood. According to LoopNet Inc., the three-story building at 400 Old Hook Road was originally constructed in 1987.
Nuveen Real Estate Sells 390-Unit San Regis Multifamily Community in Los AngelesLOS ANGELES — Nuveen Real Estate has completed the disposition of San Regis, an apartment property in the Van Nuys neighborhood of Los Angeles. Terms of the transaction were not released.
Brixton Capital Returns to Las Vegas with $29.4M Acquisition of Las Palmas Village Shopping CenterLAS VEGAS — Brixton Capital has purchased Las Palmas Village, a shopping center at 445 E. Windmill Lane in Las Vegas, from Australia-based Cop Group for $29.4 million in an off-market transaction.
Representative imageNetflix Eyes Hollywood Production Center at Massive DiscountThe asset may trade for at least $1 billion less than its previous sale price. The post Netflix Eyes Hollywood Production Center at Massive Discount appeared first on Commercial Property Executive.
Triten Offloads 357K-SF Houston Distribution FacilityTriten Real Estate Partners sold the Fairbanks Northwest Distribution Center, a newly constructed, Class-A industrial property totaling 357,570 square feet in the Northwest Houston submarket.
MetroNational Buys 218,000 SF Office, Retail Development in Houston’s Heights DistrictHOUSTON — Local owner-operator MetroNational has purchased M-K-T Heights, a 218,000-square-foot office and retail development located just west of downtown Houston.
Bonaventure Purchases Virginia Beach Apartment Community for $39.5MVIRGINIA BEACH, VA. — Bonaventure, a multifamily owner-operator based in Alexandria, Va., has purchased Royal Pointe Apartments, a 208-unit garden-style community in Virginia Beach.
Marcus & Millichap Brokers $3.8M Sale of Southwest Florida Retail Strip Center Leased to Starbucks, Tide CleanersBONITA SPRINGS, FLA. — Marcus & Millichap has brokered the $3.8 million sale of a 4,665-square-foot retail strip center located at 27250 Bay Landing Drive in Bonita Springs, a city in southwest Florida.
Premier Logistics Properties, PCCP Buy 813,120 SF Industrial Facility in North Las VegasNORTH LAS VEGAS, NEV. — Premier Logistics Properties, in partnership with PCCP, has acquired an infill, big box warehouse at 4550 Nexus Way in North Las Vegas. Terms of the off-market transaction were not disclosed.
Progressive Real Estate Partners Brokers $2.9M Sale of Armstrong Building in Pomona, CaliforniaPOMONA, CALIF. — Progressive Real Estate Partners has arranged the sale of The Armstrong Building, a historic mixed-use property at 150-196 E. Third St. and 345 S. Locust St. in Pomona.