Property Type

SevenSeas Holdings Buys 296-Unit Terraces on the Parkway Apartments in Metro Dallas

by Taylor Williams March 9, 2020

GRAND PRAIRIE, TEXAS — SevenSeas Holdings LLC has acquired Terraces on the Parkway, a 296-unit apartment community in Grand Prairie, located roughly midway between Dallas and Fort Worth. The property offers one-, two- and three-bedroom units and amenities such as a pool, outdoor grilling stations, fitness center, dog park and a children’s play area. Dougherty Mortgage LLC arranged an undisclosed amount of Fannie Mae acquisition financing for the deal. The loan, which carried a 12-year term and a 30-year amortization schedule, was secured through a partnership with Old Capital Lending.

March 9, 2020

Loans Multifamily Texas

LMI Capital Arranges Two Commercial Loans Totaling $9M in Houston Area

by Taylor Williams March 9, 2020

HOUSTON AND PASADENA, TEXAS — LMI Capital, a Real Estate Capital Alliance (RECA) member, has arranged two commercial loans totaling $9 million in the Houston area. In the first transaction, Jamie Safier of LMI Capital placed a $2.6 million, 10-year loan for the refinancing of a 50-unit multifamily asset located in the eastern suburb of Pasadena. In the second deal, Adam Pike of LMI Capital arranged a $6.4 million acquisition loan for a 105,000-square-foot office building in west Houston. The property names and borrowers were not disclosed.

March 9, 2020

Acquisitions California Office Western

Harbor Group Acquires Office Asset in Metro Sacramento for $39.4M

by Amy Works March 9, 2020

ROSEVILLE, CALIF. — Harbor Group International (HGI) and its affiliates have purchased 630 Roseville Parkway, a single-tenant office building in Roseville, a suburb of Sacramento. An undisclosed seller sold the property for $39.4 million. Penumbra, a global healthcare company, fully occupies the 157,518-square-foot facility. The office property also includes a campus-like outdoor recreation space with an amphitheater, barbecue area and bocce ball courts. This acquisition is HGI’s fourth office investment in the California market as the firm continues to expand its footprint on the West Coast.

March 9, 2020

Development Multifamily Oklahoma Seniors Housing Texas

HarborChase Opens New Seniors Housing Community in Oklahoma City

by Taylor Williams March 9, 2020

OKLAHOMA CITY — Developer HarborChase has completed HarborChase of South Oklahoma City, an upscale seniors housing community. The property offers assisted living and memory care services, as well as respite stays. Amenities include a full-service bistro, exhibition kitchen, bar and cocktail lounge, fitness and wellness center and a fine dining restaurant. Residents have already begun moving into the building.

March 9, 2020

Acquisitions Healthcare Texas

New Era Partners Acquires 48-Bed Oceans Behavioral Hospital in Waco

by Taylor Williams March 9, 2020

WACO, TEXAS — New Era Partners, a division of Texas-based development and investment firm New Era Cos., has acquired the 48-bed Oceans Behavioral Hospital in Waco. The newly built facility provides both inpatient and outpatient mental health treatments. New Era acquired the asset as part of a portfolio of healthcare properties that includes three behavioral hospitals that are operated by Oceans Healthcare. The Plano-based provider has about 25 behavioral health facilities in Texas, Louisiana and Mississippi. The seller was not disclosed.

March 9, 2020

Acquisitions California Retail Western

Avison Young Negotiates $20M Sale of The Village at Moorpark Shopping Center in California

by Amy Works March 9, 2020

MOORPARK, CALIF. — Avison Young has arranged the sale of The Village at Moorpark, a community shopping center located at 706 W. Los Angeles Ave. in Moorpark. London Reo Retail-CA, a Delaware limited liability company, sold the asset to California-based Chesser Group for $20 million. Built in 2007 on 11.5 acres, the 129,374-square-foot property was 76.3 percent occupied at the time of sale. Current tenants include Petco, Dick’s Sporting Goods, Verizon, Bank of America and Leslie’s Pool Supply. Chris Maling and David Maling of Avison Young represented the seller and buyer in the deal.

March 9, 2020

Acquisitions Colorado Office Western

Presidio Property Trust Sells Centennial Technology Center in Colorado Springs for $15M

by Amy Works March 9, 2020

COLORADO SPRINGS, COLO. — San Diego-based Presidio Property Trust has completed the disposition of Centennial Technology Center, an office asset located at 4820 and 4920 Centennial Blvd. in Colorado Springs. Eagle, Idaho-based Alturas Capital Partners acquired the property for $15 million. Situated on 9.3 acres within the Garden of the Gods Office Park, Centennial Technology Center features 110,405 square feet of Class A office space. At the time of sale, the property was 100 percent leased with Comcast and Walter Kidde United Technologies as anchor tenants. Patrick Devereaux, James Brady and Campbell Davis of CBRE’s Denver office represented the seller in the transaction.

March 9, 2020

Acquisitions California Multifamily Seniors Housing Western

JCH Arranges $8.3M Sale of Two Seniors Housing Communities in California

by Jeff Shaw March 9, 2020

CALIFORNIA — JCH Senior Housing Investment Brokerage has arranged the sale of two assisted living communities in California. The first community totals 49 beds in Riverside County. A local owner seeking to grow its portfolio paid $5 million for the property. The second property was a 15-unit boutique community in Orange County. A local buyer interested in entering the seniors housing market paid $3.3 million for the asset. Both sellers were family owner-operators looking to retire. Jim Hazzard, and Cindy Hazzard handled the transaction process in both sales. The specific names and locations of the communities were not disclosed.

March 9, 2020

Acquisitions Nevada Office Western

Cushman & Wakefield Brokers $3.8M Sale of Office Building in Las Vegas

by Amy Works March 9, 2020

LAS VEGAS — Cushman & Wakefield has facilitated the sale of a freestanding office building in Las Vegas. The buyer, 6425 W. Sahara Propco, acquired the multi-tenant asset for $3.8 million, or $102.04 per square foot. Built in 1995, the two-story property features 37,730 square feet of office and showroom space. Centrally located at W. Sahara Avenue and Mann Street, the building features an entryway, landscaping and the opportunity for prominent monument signage. Charles Moore, Marlene Fujita and Hunter Bradshaw of Cushman & Wakefield represented the seller, Equity Partnership Property Management, in the transaction.

March 9, 2020

Development Healthcare Midwest Minnesota

Kraus-Anderson Completes $17M Expansion of Cuyuna Regional Medical Center in Minnesota

by Kristin Harlow March 9, 2020

CROSBY, MINN. — Kraus-Anderson Construction has completed a $17 million expansion of Cuyuna Regional Medical Center in Crosby in central Minnesota. The facility serves approximately 30,000 people in the Brainerd Lakes area. Designed by HDR Architects, the 52,376-square-foot project features a new outpatient Orthopaedics, Spine & Interventional Pain Clinic as well as a rehabilitation department. To make room for the new clinic, Kraus-Anderson consolidated underutilized areas of the care center and relocated the cancer care center. In addition, Kraus-Anderson added a new dining room, patio and activities center. Nurse stations, resident rooms and offices were remodeled.

March 9, 2020

Newer Posts

Older Posts