Mixed-Use

DJM Capital Partners Completes Phase I of Pacific City in Huntington Beach

by Nellie Day October 11, 2016

HUNTINGTON BEACH, CALIF. — DJM Capital Partners has completed the development of Phase I of Pacific City, a mixed-use development located in Huntington Beach. Phase I features 191,000 square feet of retail, 100,000 square feet of outdoor community space and 400,000 square feet of on-grade and subterranean parking. An eight-story, four-star oceanfront hotel named Pasea also opened at the property this year. Future components of the development will include a 516-unit residential community to be named The Residences at Pacific City. C.W. Driver Cos. built the first phase of the project, which is currently 80 percent leased to tenants including Equinox Fitness, LOT 579, Ola Mexican Kitchen, Tank Farm & Co., Barnabas Clothing, H&M, Free People, Tommy Bahama and Sephora. Jerde Partnership, SMS Architects and Lifescapes International designed the development.

October 11, 2016

Midwest Missouri Mixed-Use Multifamily Office Retail

Cullinan Properties Develops 150,000 SF Mixed-Use Property in St. Louis

by Amy Works October 11, 2016

ST. LOUIS — Cullinan Properties hosted a grand opening celebration on Thursday, Oct. 6, for Lofts@Euclid, a mixed-use building located at the corner of Euclid and Delmar in St. Louis’ Central West End. The 150,000-square-foot project involved the complete renovation of the historic Langan and Taylor Co. building, which was originally developed by Widman & Walsh. The redeveloped building by Cullinan Properties features 87 loft apartment units, ground-level retail and office space, a fitness center, rooftop deck and clubhouse area. Constructed in 1910, the building is one of the largest commercial buildings remaining in the Central West End historic district. Residents began occupying the building in June, and the building is approximately 70 percent leased.

October 11, 2016

Georgia Mixed-Use Southeast

Georgia Tech Foundation Closes Purchase of The Biltmore in Midtown Atlanta

by John Nelson October 11, 2016

ATLANTA — The Georgia Tech Foundation has finalized its purchase of The Biltmore, a 286,931-square-foot mixed-use property located on West Peachtree Street in Midtown Atlanta. The property features Class A loft office space, three ground-floor restaurants and two restored ballrooms for events. According to the Atlanta Business Chronicle, the asset sold for $64 million. The Biltmore is situated across West Peachtree Street from Technology Square and will serve as an extension of Georgia Tech with a focus on growing startups and attracting corporations. Jay O’Meara, Will Yowell and Justin Parsonnet of CBRE’s Atlanta office represented the seller, Atlanta-based Novare Group.

October 11, 2016

Mixed-Use Office Oregon Retail Western

DDR Corp. Acquires Gresham Town Center in Metro Portland

by Nellie Day October 10, 2016

GRESHAM, ORE. — DDR Corp. has acquired Gresham Town Center, a 296,186-square-foot mixed-use center located in the Portland suburb of Gresham, for an undisclosed price. The retail portion of the property is home to tenants including Best Buy, Bed Bath & Beyond, Craft Warehouse, Cost Plus World Market, Old Navy, Ulta Beauty, Panera Bread, Starbucks Coffee, Old Navy, Men’s Wearhouse, Baja Fresh Mexican Grill and Charming Charlie. The center also contains 12,289 square feet of office space. A 45,000-square-foot, single-tenant LA Fitness located north of the center was also included in the sale. Nick Kassab of HFF represented the seller in the transaction, Westlake Realty Group Inc.

October 10, 2016

Mixed-Use Multifamily New Jersey Northeast Office Retail

Cushman & Wakefield Brokers Three Mixed-Use Building Sales in Bayonne, New Jersey

by Amy Works October 7, 2016

BAYONNE, N.J. — Cushman & Wakefield has arranged three sales of mixed-use properties in Bayonne. In the first transaction, an undisclosed buyer purchased a three-building mixed-use property located at 462 Broadway, 464 Broadway and 15-17 Liberty Court for $1.1 million, or $90.38 per square foot. The 13,000-square-foot portfolio features four residential units and four commercial units. Fahri Ozturk and Lev Kimyagarov of Cushman & Wakefield arranged the transaction. In the second deal, Ozturk brokered the $1.6 million sale of a 16,500-square-foot mixed-use building located at 813-819 Broadway. The building features 9,000 square feet of ground-level retail and medical office space and 7,500 square feet of second-floor office space. Current tenants are Children’s Specialized Hospital and La Guardiola Pizzeria. In the third transaction, an undisclosed buyer acquired a 17,700-square-foot mixed-use asset located at 544-556 Broadway for $1.3 million. Vacant at the time of sale, the building features a ground-floor retail component and second-floor office space. Ozturk arranged the transaction. The names of the sellers were not released.

October 7, 2016

Mixed-Use Multifamily New York Northeast Office Retail

IPA Facilitates $29.3M Sale of Mixed-Use Property in Queens

by Amy Works October 6, 2016

NEW YORK CITY — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of The Roosevelt, a mixed-use property located at 40-07 73rd St. in the Jackson Heights neighborhood of Queens. An undisclosed buyer acquired the property for $29.3 million. The building features 31 residential units, 10 commercial tax lots and a parking garage. Peter Von Der Ahe and Joe Koicim of IPA, along with Shaun Riney and Michael Salvatico of Marcus & Millichap, represented the undisclosed seller and procured the buyer in the deal.

October 6, 2016

Mixed-Use New York Northeast Office Retail

TerraCRG Arranges $5.1M Sale of Conversion Site in Brooklyn

by Amy Works October 6, 2016

NEW YORK CITY — TerraCRG has arranged the sale of a former daycare facility, located at 1057 Fulton St. in the Clinton Hill neighborhood of Brooklyn. An undisclosed buyer acquired the building for $5.1 million, or $493 per square foot. The buyer plans to convert the 10,337-square-foot property, which was vacant at the time of sale, into a mixed-use building. Ofer Cohen, Dan Marks and David Algarin of TerraCRG were the sole brokers in the transaction.

October 6, 2016

Illinois Midwest Mixed-Use Multifamily Retail

Jameson Commercial Negotiates $1.7M Sale of Mixed-Use Property in Chicago

by Amy Works October 5, 2016

CHICAGO — Jameson Commercial has arranged the sale of a mixed-use property located at 837 N. Orleans in Chicago’s River North district. An undisclosed investment group acquired the property for $1.7 million. The building features three condo-quality apartments and ground-floor retail space. Justin Collins of Jameson Commercial represented the undisclosed seller in the deal.

October 5, 2016

Georgia Mixed-Use Southeast

Ivy Creek Partners to Develop $180M Mixed-Use Project Near Mall of Georgia

by John Nelson October 5, 2016

BUFORD, GA. — Ivy Creek Partners LLC plans to build a 16-acre mixed-use development adjacent to the Mall of Georgia in Buford, a northeast suburb of Atlanta in Gwinnett County. Atlanta Falcons star Julio Jones and his business partner Jon Guven of Guven’s Fine Jewelry are the principal investors in what is predicted to be a $180 million venture. The project, which will be created in four stages, will include retail space, a grocery store, 21-story hotel/condo tower with a rooftop restaurant, office space and multifamily residential units. The development will also offer direct access to the Ivy Creek Greenway, which links to the Gwinnett Environmental and Heritage Center. The first phase, which is scheduled to begin in the second quarter of 2017, will include 23,000 square feet of street-level retail space and 336 multifamily units. Plans for the project’s additional stages include a 50,000-square-foot family entertainment center, bars, restaurants and music and comedy clubs. The entertainment center will feature an arcade, bowling, sports theater and meeting space. Ivy Creek Partners is the development manager and partner for the project, and Dunwoody, Ga.-based Phillips Partnership Architecture and Engineering is designing the development, which has yet to be named.

October 5, 2016

Hospitality Mixed-Use Restaurant Retail Texas

Transwestern Arranges Sale of 90-Acre Tract for 500,000 SF Mixed-Use Development

by Haisten Willis October 3, 2016

FORT WORTH, TEXAS — Transwestern has brokered the sale of Presidio North, a retail development site in Tarrant County. Las Vegas-based Diversified Real Estate Group sold the property for an undisclosed price to a locally owned development partnership controlled by the De La Vega Group. Transwestern’s Steve Williamson represented both parties in the transaction. Presidio North, located at the southwest corner of I-35 West and Heritage Trace Parkway, consists of 90 acres in north Fort Worth. Transwestern will provide marketing and leasing services for the mixed-use project, which will be renamed The Citadel. De La Vega plans to develop 500,000 square feet of retail, restaurant, hotel and entertainment space at the site.

October 3, 2016

Newer Posts

Older Posts