Mixed-Use

GREYSTEEL BROKERS SALE OF MIDRISE MIXED-USE PORTFOLIO IN D.C.

by admin September 9, 2013

WASHINGTON, D.C. — Greysteel, a Washington, D.C.-based investment real estate services firm, has arranged the sale of a two-building, midrise portfolio containing 92 apartments and one ground-floor retail unit. The portfolio is located at 7611 and 7701 Georgia Ave. N.W. in northwest D.C., one block from Silver Spring, Md. Ari Firoozabadi, Kyle Tangney, John Mullen, Caleb Brown and Lance Ahmadian represented the seller, BBS Associates, in the transaction. The buyer was WC Smith, a generational family-operated real estate company based in D.C.

September 9, 2013

ROCKWOOD, FOUR CORNERS ACQUIRE WATER TOWER PLAZA IN SILICON VALLEY

by admin September 6, 2013

CAMPBELL, CALIF. — Rockwood Capital and Four Corners Properties have acquired Water Tower Plaza, a 100,000-square-foot office and retail property in Campbell, for an undisclosed sum. The plaza is located at 300 Orchard City Drive in the San Jose submarket.The building was originally constructed as the Hyde Cannery in 1887. It housed fruit and canning companies until 1971 when it was converted into a retail property. It became a mixed-use property that featured office and retail space in the 1980s. The seller was Water Tower 1, LLC.

September 6, 2013

Midwest Mixed-Use

SPERRY VAN NESS SELLS MIXED-USE PROPERTY FOR $1.4M

by admin September 6, 2013

CHICAGO — Sperry Van Ness has completed the $1.4 million sale of a mixed-use property in the heart of Chicago's Andersonville neighborhood. The building, located at 5356-58 N. Clark St., is fully leased and includes four apartments and four retail stores. Wayne Caplan of Sperry Van Ness LLC represented the seller in the transaction.

September 6, 2013

Mixed-Use Western

ROCKWOOD, FOUR CORNERS ACQUIRE WATER TOWER PLAZA IN SILICON VALLEY

by admin September 6, 2013

CAMPBELL, CALIF. — Rockwood Capital and Four Corners Properties have acquired Water Tower Plaza, a 100,000-square-foot office and retail property in Campbell, for an undisclosed sum. The plaza is located at 300 Orchard City Drive in the San Jose submarket. The building was originally constructed as the Hyde Cannery in 1887. It housed fruit and canning companies until 1971 when it was converted into a retail property. It became a mixed-use property that featured office and retail space in the 1980s. The seller was Water Tower 1, LLC.

September 6, 2013

Mixed-Use Texas

HOUSTON’S TEXACO BUILDING TO BECOME HIGH-RISE APARTMENTS

by admin September 3, 2013

HOUSTON — The historic Texaco office building, originally built in 1915, will see new life after 25 years of vacancy. Dallas-based Provident Realty Advisors has acquired the downtown Houston property and will redevelop the building as high-rise apartments. The renovation plans are valued at $95 million, according to the Houston Business Journal, and include 8,000 square feet of ground-floor retail in addition to 309 multifamily units. Hnedak Bobo Group of Memphis will serve as project designer, while a subsidiary of Provident Realty will serve as general contractor.

September 3, 2013

Mixed-Use Texas

CBRE BROKERS SALE OF OFFICE/RETAIL SPACE IN DOWNTOWN HOUSTON

by admin August 28, 2013

HOUSTON — CBRE has brokered the sale of 26,937 square feet of street-level retail and office space at Houston’s Bayou Lofts. The Denver-based buyer, Byers Street Properties, acquired the first two levels of the Topek Building and Parking Garage, which was incorporated into the Bayou Lofts redevelopment. Mike Hassler and Todd Casper of CBRE represented the seller, Dallas-based Spire Realty Group.

August 28, 2013

Mixed-Use Northeast

GFI REALTY ARRANGES $3.5M SALE OF BROOKLYN MIXED-USE BUILDING

by admin August 26, 2013

NEW YORK CITY — GFI Realty Services Inc. has secured the sale of a four-story mixed-use building in the Park Slope section of Brooklyn for $3.5 million. The property consists of 14 apartment units and two ground-floor commercial units totaling 10,596 square feet. Roni Abudi of GFI Realty Services represented the seller, a local investor, in the transaction. Shlomo Antebi, also with GFI Realty Services, represented the buyer, a local investor. The property was built in 1921 and is located in close proximity to Prospect Park.

August 26, 2013

Midwest Mixed-Use

DAMCO TO REPURPOSE 116,566 SF DISTRESSED KANSAS CITY PROPERTY

by admin August 22, 2013

KANSAS CITY, MO. — Diversified Asset Management (DAMCO) has purchased Highland Tower, a 116,566-square-foot office building located at 6724 Troost Avenue in Kansas City. Formerly a hospital, the property will be repurposed for mixed use. DAMCO expects the new community to consist of approximately 300 units in studio, one- and two-bedroom layouts. Matt Ledom of Block Real Estate Services represented the buyer, while Aaron Mesmer and Bruce Johnson, also of Block, represented owner Cadles.

August 22, 2013

Mixed-Use Northeast

837 WASHINGTON MIXED-USE BUILDING CELEBRATES TOPPING OUT

by admin August 20, 2013

NEW YORK CITY — Co-developers Taconic Investment Partners and Thor Equities have topped out 837 Washington, a 55,000-square-foot commercial and retail building located in the Meatpacking District of New York City. The six-story development will include 28,000 square feet of retail space and 27,000 square feet of office space at the former site of a 1930s factory building. Morris Adjmi Architects designed the twisting structure. Thor Equities paid $55 million for a 75 percent stake in the Meatpacking District project last December, according to the New York Post.

August 20, 2013

Mixed-Use Northeast

WASHINGTON TRUST FINANCES $4.3M MIXED-USE MILFORD PROPERTY

by admin August 16, 2013

MILFORD, CONN. — Washington Trust’s commercial real estate group has provided $4.3 million in acquisition financing to Metro 100 LLC for a mixed-use property in Milford. Located at 100-102 Lansdale Ave., 10 miles south of New Haven, the property includes 23 apartment units and 20,808 square feet of retail space. Proceeds from the loan will be used to make enhancements to the property.

August 16, 2013

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