Monday, August 17, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Acquisitions

http://rebusinessonline.com/wp-content/uploads/2019/02/2870-Fifth-Ave-San-Diego-CA.jpg
AcquisitionsCaliforniaOfficeWestern

CBRE Brokers $3M Sale of Creative Office Building in San Diego’s Bankers Hill

by Amy Works

SAN DIEGO — CBRE has arranged the sale of a creative office building, located at 2870 Fifth Ave. in San Diego’s Bankers Hill neighborhood. A private 1031-exchange buyer acquired the approximately 7,300-square-foot property for $3 million, or $411 per square foot. Matt Pourcho, Anthony DeLorenzo, Gary Stache, Doug Mack and Marc Frederick of CBRE represented the seller, HG Fenton Co., in the deal. Originally constructed as a fire station in 1900, the two-story building was recently repositioned and renovated into a modern creative office building. At the time of sale, the property was 100 percent leased. Tenants include Fox & Jane salon, Sojourn Healing Collective, KD Skin beauty salon and Explore That Store digital marketing agency.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialTexas

IRG Purchases Two Industrial Facilities Totaling 603,800 SF in Amarillo, Grapevine

by Alex Tostado

AMARILLO AND GRAPEVINE, TEXAS — National investment firm Industrial Realty Group LLC (IRG) has purchased two facilities totaling 603,800 square feet in the West Texas city of Amarillo and the northern Fort Worth suburb of Grapevine. The Amarillo property is a light industrial facility spanning 412,000 square feet on 54.9 acres, and the Grapevine asset is a manufacturing plant totaling 191,800 square feet on 10.8 acres. The sellers were not disclosed. IRG’s portfolio now spans approximately 100 million square feet across 28 states.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyTexas

Vanguard Brokers Sale of 360-Unit Apartment Property in Wichita Falls, Texas

by Alex Tostado

WICHITA FALLS, TEXAS — Dallas-based Vanguard Real Estate Advisors has brokered the sale of Arbor Creek Apartments, a 360-unit multifamily property in Wichita Falls, about 140 miles northwest of Dallas. The Class B community, which was 94 percent occupied at the time of sale, was built in phases in 1977 and 1980. Floorplans feature one-, two- and three-bedroom units and amenities include a pool and a fitness center. Jordan Cortez of Vanguard marketed the property on behalf of the seller, Maven Management, and procured the undisclosed buyer.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyTexas

HFF Negotiates Sale of 164-Unit Multifamily Community in Southwest Houston

by Alex Tostado

HOUSTON — HFF has negotiated the sale of Vanderbilt Court, a 164-unit multifamily community in southwest Houston. Built in 1983, the property offers one- and two-bedroom units averaging 835 square feet. Amenities include two pools, a fitness center, clubhouse, business center and outdoor dining space. Joey Rippel and Chris Young of HFF represented the seller, Virginia-based 37th Parallel Properties, and procured the buyer, Indus Management Group.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNew JerseyNortheast

Marcus & Millichap Brokers $2.4M Sale of Multifamily Building in Rahway, New Jersey

by David Cohen

RAHWAY, N.J. — Marcus & Millichap has brokered the $2.4 million sale of Heritage House, a 21-unit multifamily building in Rahway. Located at 1909 Church St., the property is approximately one mile from the Rahway Train Station and two miles from the Linden Train Station as well as 22 miles southeast of New York City. Fahri Ozturk, Richard Gatto and Thomas Cleary of Marcus & Millichap’s New Jersey office represented the buyer and seller in the transaction, both private investors. 

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNew JerseyNortheast

Redwood Realty Negotiates $9.5M Sale of Apartment Community in North Jersey

by David Cohen

SUSSEX, N.J. — Redwood Realty Advisors has negotiated the $9.5 million sale of Wilson Manor, a 68-unit apartment community in Sussex. Located at 1 Wilson Road, the seven-building property was built in the 1960s. Each building at the nearly 7-acre community is two-stories. Kevin McCrann and Jeremy Wernick of Redwood Realty represented the seller, a long-term owner, in the transaction. The buyer was undisclosed. 

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndianaMidwestMultifamily

Emma Capital Purchases Two Apartment Properties in Indianapolis for $38.5M

by Kristin Harlow

INDIANAPOLIS — Emma Capital Investments Inc. has acquired Courts I and Courts II in Indianapolis for $38.5 million. Courts I is a 148-unit apartment property located at 2000 W. 79th St. and Courts II is a 336-unit community located at 8002 Harcourt Road. The properties were built in 1967 and 1973, respectively. The buildings, which are adjacent to each other, are currently being operated as one property. However, Emma Capital intends to run each of the communities separately. Each property features a swimming pool, playground, pet park and fitness center. The seller was not disclosed.  

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMinnesotaMultifamilySeniors Housing

New Perspective Senior Living Acquires Facility in Minnetonka, Minnesota

by Kristin Harlow

MINNETONKA, MINN. — New Perspective Senior Living has acquired a new community in Minnetonka. Now known as New Perspective-Carlson Parkway, the 89,883-square-foot, three-story community is located at 500 Carlson Parkway. The facility features 87 assisted living units and 45 memory care apartments. As part of the acquisition, Eden Prairie-based New Perspective is planning a multi-million-dollar renovation. The seller was not disclosed. The property, built in 1999, was formerly known as Brookdale Minnetonka Carlson Parkway.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNortheastPennsylvaniaSelf-Storage

Marcus & Millichap Brokers Sale of 91,740 SF Self-Storage Facility Near Pittsburgh

by David Cohen

GIBSONIA, PA. — Marcus & Millichap has brokered the sale of Route 8 Self Storage, a 91,740-square-foot self-storage facility in Gibsonia, approximately 15 miles north of Pittsburgh. The sales price was undisclosed. Located at 5301 North Pioneer Road, the facility includes 670 units across 16 buildings. The property is currently 89 percent occupied. Brett R. Hatcher and Gabriel Coe of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The buyer was also a a limited liability company. 

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMixed-UseTexas

Braun Enterprises Acquires 195,853 Office, Retail Property in Houston

by Alex Tostado

HOUSTON — Local investment firm Braun Enterprises has acquired a 195,853-square-foot office and retail property in Houston’s Galleria neighborhood from WEDGE Properties Management Corp. Davis Adams, Wally Reid and Kelly Layne of HFF represented the seller and procured the buyer in the transaction. The property, which comprises two six-story office buildings, a single-story retail building and a two-story parking garage, was 54 percent leased at the time of sale. Braun plans to extensively renovate the interior and exterior of the office buildings and redevelop the retail space.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts