REBusinessOnline

CREI Acquires Student Housing Community Near University of Alabama

TUSCALOOSA, ALA. — Capstone Real Estate Investments (CREI) has acquired Parker 301, a student housing community located near the University of Alabama in Tuscaloosa. The community has been rebranded The Preserve at Tuscaloosa and is set to undergo substantial renovations and repositioning within the market. Renovations will include updates to all units and the addition of one- and two-bedroom floor plans; updates to the community’s clubhouse; an expansion of the property’s business …

U.S. OCG Acquires 497-Room Marriott Hotel Portfolio in Indianapolis

INDIANAPOLIS — U.S. OCG has acquired a 497-room, three-property Marriott hotel portfolio in Indianapolis for an undisclosed price. The hotels, located adjacent to each other, include a 315-room Marriott, a 119-room Delta and a 63-room Fairfield Inn & Suites. Together, they include more than 90,000 square feet of meeting space. Nate Sahn, James Foxx, Pravin Boteju and Stephen LaMotte Jr. of CBRE represented the seller, a joint venture between Shadeland Enterprises LLC and Midwest …

Colliers Brokers Sale of 138,636 SF Office Building in Fishers, Indiana

FISHERS, IND. — Colliers International has brokered the sale of Crosspoint Plaza One, a four-story Class A office building located at 10475 Crosspoint Blvd. in Fishers. The sales price was $8.8 million, according to the Indianapolis Business Journal. The 138,636-square-foot property is situated in the northeast Indianapolis corridor with immediate access to I-69. Alex Cantu, Alex Davenport, Matt Langfeldt and Rich Forslund of Colliers represented the seller. Arkansas-based Tempus Realty …

IPA Negotiates Sale of Multifamily, Retail Mixed-Use Asset in Mountain View, California

MOUNTAIN VIEW, CALIF. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of The Village Residences, a mixed-used complex located at San Antonio Road and El Camino Real in Mountain View. A venture between Carmel Partners and Merlone Geier Partners sold the asset for an undisclosed price. The name of the buyer was not released. Philip Saglimbeni, Stanford Jones, Bill Rose and Salvatore Saglimbeni of IPA represented the seller in the …

Hamra Properties Acquires 154,627 SF Anaheim Hills Business Center in California for $21.3M

ANAHEIM, CALIF. — Hamra Properties has purchased Anaheim Hills Business Center, an industrial and office business park located at 5100-5150 E. La Palma Ave. in Anaheim. Seligman Group sold the asset for $21.3 million. Jeffrey Cole, Jeff Chiate, Ed Hernandez, Mike Adey and Nico Napolitano of Cushman & Wakefield’s Irvine, Calif., office represented the seller, while Rick Ellison and Randy Ellison of Cushman & Wakefield served as market advisors. Built in 1988, the five-building …

NKF Arranges $15.5M Sale of Industrial Asset in Boulder, Colorado

BOULDER, COLO. — Newmark Knight Frank has brokered the sale of an industrial building located at 5360 Sterling Drive in Boulder. Alger Boulder I LLC acquired the property from Ivy 5360 Sterling Property LLC for $15.5 million. The property features 38,263 square feet of industrial space. John Jugl of Newmark Knight Frank Colorado represented the seller in the

Colliers Brokers $3.7M Sale of Multi-Tenant Retail Building in Oceanside

OCEANSIDE, CALIF. — Colliers International San Diego Region has arranged the sale of a retail asset located at 417-431 S. Coast Highway in Oceanside. Fullerton Square sold the property to an undisclosed buyer for $3.7 million. Bill Shrader and Luke Holler of Colliers represented the seller and buyer in the deal. At the time of sale, the 12,000-square-foot building was fully occupied by nine tenants with existing lease

Noble Investment Group Acquires 135-Room New Haven Hotel at Yale University

NEW HAVEN, CT. — Noble Investment Group has acquired the 135-room New Haven Hotel at Yale University. Noble plans to reposition the hotel to capitalize on the area, which includes Yale University and the Yale-New Haven Hospital, the primary teaching hospital for the Yale School of Medicine and the Yale School of Nursing. The hotel features a business center and fitness center as well as 1,000 square feet of flexible meeting space. The sales price was

JLL Brokers Sale of 50,993 SF Industrial Building in North Brunswick, New Jersey

NORTH BRUNSWICK, N.J. — JLL has brokered the sale of a 50,993-square-foot industrial building in North Brunswick, located approximately 30 miles southwest of New York City. Situated at 1200 Airport Road, the building was completed in 1987 and features 19-foot clear heights, seven exterior docks, three drive-in doors and parking for 86 cars. The building was fully leased to three tenants at the time of sale. Gary Politi and Joel Lubin of JLL represented the undisclosed seller in the …

Olympus Property, RSE Capital Acquire 303-Unit Carrington Oaks Apartments in Buda, Texas

BUDA, TEXAS — A partnership between Fort Worth-based investment firm Olympus Property and RSE Capital Partners has acquired Carrington Oaks, a 303-unit apartment community located in the Central Texas city of Buda. Built in 2015, the property features one-, two- and three-bedroom units with stainless steel appliances, granite countertops, kitchen islands/breakfast bars and faux wood vinyl flooring. Amenities include a pool with cabanas, a fitness center with a spin room, resident clubhouse, …

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