Wednesday, December 25, 2024
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Acquisitions

775-Cascade-St-Oregon-City-OR
AcquisitionsMultifamilyOregonWestern

Virtu Investments Sells Barclay Village Multifamily Community in Oregon City for $29.2M

by Amy Works

OREGON CITY, ORE. — Virtu Investments has completed the disposition of Barclay Village, a multifamily property located at 775 Cascade St. in Oregon City, to an undisclosed buyer for $29.2 million. Built in 1987, Barclay Village has been undergoing extensive renovations since 2017. Barclay Village features 146 one- and two-bedroom units with modern amenities and conveniences. Community amenities include a pool, spa, fitness center, basketball court, tennis court, clubhouse and covered parking. Josh McDonald and Joe Nydahl of CBRE represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Slover-Elm-Commerce-Fontana-CA
AcquisitionsCaliforniaIndustrialWestern

Brookfield Divests of 192,794 SF Slover & Elm Commerce Center in Fontana, California

by Amy Works

FONTANA, CALIF. — Brookfield has sold Slover & Elm Commerce Center, a Class A industrial facility at 15521 Slove Ave. in Fontana, to TA Realty for an undisclosed price. Constructed in 2022, the 192,794-square-foot Slover & Elm Commerce Center offers 23 dock-high doors, a clear height of 32 feet and a secure 182-foot truck court with ample truck and car parking. At the time of sale, the property was fully leased. Joe Cesta, Barbara Perrier, Eric Cox, Josh Hayes and Eloy Covarrubias of CBRE represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHospitalityTexas

Hunter Hotel Advisors Arranges Sale of 101-Room Hampton Inn & Suites in Corpus Christi

by Taylor Williams

CORPUS CHRISTI, TEXAS — Atlanta-based brokerage firm Hunter Hotel Advisors has arranged the sale of the 101-key Hampton Inn & Suites Corpus Christi. The hotel is located at 5879 South Padre Island Drive and offers amenities such as a pool and fitness center. Kami Burnette and Mason McDavid of Hunter Hotel Advisors represented the seller, Canada-based hospitality REIT American Hotel Income Properties, in the transaction. The buyer and sales price were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsArizonaIndustrialOfficeWestern

Cushman & Wakefield | PICOR Negotiates $3.8M Sale of Commercial Building in Tucson

by Amy Works

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a flex building located at 1455 W. River Road in Tucson. Escalante Concrete Construction Inc. acquired the asset from 1455 River Rd LLC for $3.8 million. The 20,000-square-foot building was originally built for ITT Technical Institute. Greg Furrier and Natalie Furrier of Cushman & Wakefield | PICOR represented the seller, while Max Fisher of BRD Realty represented the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
468-US-491-Dove-Creek-CO
AcquisitionsColoradoRetailWestern

Pinnacle Brokers Sale of 10,500 SF Retail Property in Dove Creek, Colorado

by Amy Works

DOVE CREEK, COLO. — Pinnacle Real Estate Advisors has arranged the sale of a retail property located at 468 US-491 in Dove Creek. The asset traded for $1.4 million. Family Dollar and Dollar Tree currently occupy the 10,500-square-foot asset. Peter Sengelmann of Pinnacle Real Estate Advisors represented the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsDevelopmentMichiganMidwestMultifamilyStudent Housing

Landmark Properties Acquires Galleria Mall in Ann Arbor, Plans to Build 950-Bed Student Housing Project

by Kristin Harlow

ANN ARBOR, MICH. — Landmark Properties has acquired the site of Galleria Mall in Ann Arbor with plans to build a 950-bed student housing community with its in-house construction arm, Landmark Construction. Named The Metropolitan on South U, the 241-unit development will be situated in the South University neighborhood a few blocks away from the Ross School of Business. Rising 18 stories, The Metropolitan will feature approximately 5,200 square feet of ground-floor retail space as well as community amenities, including a clubhouse, fitness center, pool and rooftop lounge. A timeline for construction was not provided. The community marks Landmark’s third ground-up residential development in Ann Arbor and seventh project in the market managed by the company.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMassachusettsMultifamilyNortheast

Marcus & Millichap Brokers $9M Sale of Boston Apartment Building

by Taylor Williams

BOSTON — Marcus & Millichap has brokered the $9 million sale of Spring Street Apartments, a 32-unit multifamily building located in the West Roxbury area of Boston. The elevator-served building was originally constructed in 1965 and offers two studios and 30 one-bedroom apartments. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNew YorkNortheastRetail

Horvath & Tremblay Negotiates $8M Sale of Retail Building in Seaford, New York

by Taylor Williams

SEAFORD, N.Y. — Regional brokerage firm Horvath & Tremblay has arranged the $8 million sale of a single-tenant retail building in Seaford, located on Long Island. CVS has occupied the property at 350 N. Broadway since 2004 and has nine years remaining on its current lease term. Bob Horvath and Todd Tremblay of Horvath & Tremblay represented the undisclosed seller in the transaction. The name and representative of the buyer were also not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNortheastPennsylvania

V2 Properties Sells 21-Unit Apartment Building in North Philadelphia

by Taylor Williams

PHILADELPHIA — Regional investment firm V2 Properties has sold Lofts at Henry Hall, a 21-unit apartment building located at 2209 N. Broad St. on the north side of Philadelphia. The property was built in 2023 and offers one-, two-and three-bedroom units, as well as immediate proximity to Temple University. Vince Peruto of Marcus & Millichap represented V2 Properties in the transaction and procured the buyer, Felicity Street Investments. The deal traded for $3.6 million.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialLoansRetailSouth CarolinaSoutheast

CBRE Arranges Acquisition Financing for 307,492 SF Industrial Portfolio in North Charleston

by John Nelson

NORTH CHARLESTON, S.C. — CBRE has arranged $29 million in acquisition financing for a two-building industrial portfolio in North Charleston totaling 307,492 square feet. The properties include a 60,640-square-foot facility at 4275 Arco Lane and a 246,852-square-foot property at 4750-4760 Goer Drive. The borrower, Miami-based COFE Properties, purchased the buildings for $48.3 million. Brian Linnihan, Mike Ryan, Richard Henry and J.P. Cordeiro of CBRE’s Atlanta office arranged the fixed-rate loan, which features interest-only payments for the full five-year term, through Nuveen Real Estate. The two buildings were fully leased at the time of financing to tenants including Carrier Enterprises, Perfect 10 Distribution, College of Charleston and Beers Millwork.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts