WEST HOLLYWOOD, CALIF. — The Sunset, a 177,949-square-foot, mixed-use development in West Hollywood, has received $78 million in financing that was used to refinance existing debt. It is located along Hollywood’s Sunset Strip near Sunset Plaza. The Sunset, which includes a 71,119-square-foot office tower and a 106,830-square-foot retail and office plaza, is 95 percent leased. Notable tenants include 19 Entertainment, Talpa Media Group, Apple, Equinox Fitness and H&M. The loan was secured by HFF’s Todd Sugimoto, Andrew Harper, Richard Plummer, Michael Ross and Michael Leggett on behalf of the sponsor, Broadreach Capital Partners. The three-year, floating-rate loan was provided by AIG Asset Management Group.
WEST HOLLYWOOD, CALIF. — The Sunset, a 177,949-square-foot, mixed-use development in West Hollywood, has received $78 million in financing that was used to refinance existing debt. It is located along Hollywood’s Sunset Strip near Sunset Plaza. The Sunset, which includes a 71,119-square-foot office tower and a 106,830-square-foot retail and office plaza, is 95 percent leased. Notable tenants include 19 Entertainment, Talpa Media Group, Apple, Equinox Fitness and H&M. The loan was secured by HFF’s Todd Sugimoto, Andrew Harper, Richard Plummer, Michael Ross and Michael Leggett on behalf of the sponsor, Broadreach Capital Partners. The three-year, floating-rate loan was provided by AIG Asset Management Group.
NEW YORK CITY — A partnership between L3 Capital and ASB Capital Management has acquired 72-76 Greene St., a 38,000-square-foot mixed-use building in SoHo, for $41.5 million. The building is known as “The King of Greene Street” because of its French renaissance architectural styling. The property contains two retail spaces, three commercial units and three residential lofts. Adelaide Polsinelli of Eastern Consolidated represented the seller, BSJ SoHo, in the transaction. She also represented the buyer.
CAMBRIDGE, MASS. — Alliara LLC has acquired a 27,796-square-foot retail and apartment building in Cambridge for $31.6 million. Located at 18-28 John F. Kennedy St., the fully leased property contains 16 apartments and 12,150 square feet of retail. Tenants include Papyrus, Uno Chicago Grill and Vitamin Shoppe. Boston Realty Advisors represented the seller.
DALLAS — Colliers International North has brokered the sale of 501 Elm Place, an approximately 190,000-square-foot landmark building located in the West End District of Dallas. The property was built in 1903 and includes office, retail and residential space. The building, which spans an entire city block, also houses the Dallas Holocaust Museum. Creighton Stark and Ben Lurie of Colliers International represented the seller, a German investor group advised by International Capital, in the transaction.
NEW YORK CITY — A joint venture between RWN Real Estate Partners, Dalan Management and Standard Property Co. has acquired a mixed-use portfolio in New York City for $49.9 million. The properties are located at 380-386 Broome St., 9 Christopher St. and 55-59 and 61-63 Delancey St. The portfolio features 100 multifamily units and 14 fully-leased retail units. James Nelson, Michael DeCheser and Robert Burton of Massey Knakal represented both parties in the transaction.
NEW YORK CITY — Ariel Property Advisors has arranged the $6 million sale of a five-story, mixed-use building at 172-174 East 106th St. in East Harlem. The 21,500-square-foot building was fully renovated in recent years and includes 24 apartments and two ground-floor retail units. The retailers are Sweet Jane's restaurant and a florist. Michael Tortorici, Victor Sozio, Daniel Tropp and Jesse Deutch of Ariel Property Advisors represented the seller, a private operator. Jeffrey Tanenbaum of Halstead Property represented the buyers, a family of private investors.
OWINGS MILLS, MD. — Owings Mills Transit LLC has broken ground on a four-story, 200,000-square-foot Class A office building within Metro Centre at Owings Mills, a mixed-use development in Owings Mills. The office development represents Phase I of the 1.2 million-square-foot office component of Metro Centre at Owings Mills, and will be completed by mid-year 2013. The mixed-use development will also consist of 300,000 square feet of retail space and restaurant space; 1,700 residential units; a hospitality component of up to 250 rooms; and 120,000 square feet of educational facilities. David S. Brown Enterprises LTD is the site manager.
NEW YORK CITY — Co-developers Taconic Investment Partners and Thor Equities have broken ground on a 55,000-square-foot office and retail property at 837 Washington Street. The office section will include 40,000 square feet. There will also be exterior terraces: 500 square feet on the second floor, 3,500 square feet on the floor above and 3,000 square feet on the rooftop. Occupancy is slated for the fall of 2013.
NEW YORK CITY — An office and warehouse building at 60-62 John St. in Brooklyn's DUMBO neighborhood has sold for $7 million. The 34,200-square-foot property is located between Jay and Bridge streets. Stephen Palmese and Winfield Clifford of Massey Knakal represented both parties in the transaction.