Property Type

CBRE Arranges $33.3M Sale of BeachWalk Shopping Center in Solana Beach

by Nellie Day April 25, 2017

SOLANA BEACH, CALIF. — CBRE has arranged the $33.3 million sale of BeackWalk, a 54,973-square-foot shopping center located in Solana Beach. Tenants at the center include California Pizza Kitchen, Alfonso’s of La Jolla, Rubio’s Coastal Grill and Banfield Pet Hospital. John Read, Philip Voorhees, Jimmy Slusher and Kirk Brummer of CBRE represented the buyer, a fund manager based in Chicago. The same team from CBRE, alongside Reg Kobzi of CBRE’s San Diego office, represented the seller, a partnership managed by The Muller Company.

April 25, 2017

Multifamily New York Northeast

HFF Arranges Joint Venture for Condominium Development in NYC

by Haisten Willis April 25, 2017

NEW YORK CITY — HFF has arranged a joint venture for the development of 69 West Broadway, a ground-up condominium project in the Tribeca neighborhood of Manhattan. HFF worked on behalf of the developer, Cape Advisors, along with private equity fund Forum Absolute Equity Partners to arrange the investment with a European fund. The fund contributed in excess of $21 million toward the $120 million total project cost. BKSK Architects is designing the property, which will occupy the block between Warren and Murray streets at West Broadway. The eight-story 69 West Broadway development will include 24 units situated above ground-floor retail. Eric Anton led HFF’s equity placement team.

April 25, 2017

California Multifamily Western

FPA Multifamily, PCCP Sell Las Palmas Apartments in Vista for $20.9M

by Nellie Day April 25, 2017

VISTA, CALIF. — An unnamed buyer has acquired the 140-unit Las Palmas apartments in the San Diego submarket of Vista for $20.9 million. The community is located at 300 W. Los Angeles Drive. Las Palmas has floor plans ranging from one- to three-bedroom units. Amenities include a pool, fitness center, community lounge and covered parking. Chris Zorbas of IPA represented the buyer. JLL’s Darcy Miramontes and Kip Malo represented the sellers, FPA Multifamily and PCCP, in this transaction.

April 25, 2017

Industrial New Jersey Northeast

Terreno Realty Corp. Acquires Industrial Building in North Bergen, N.J., for $14M

by Haisten Willis April 25, 2017

NORTH BERGEN, N.J. — Terreno Realty Corp. has acquired an industrial property located at 7777 West Side Ave. in North Bergen for $14 million. The building spans 126,000 square feet on 4.4 acres adjacent to Exit 16E of the New Jersey Turnpike. Amenities at the 100 percent leased property include eight dock-high and two grade-level loading positions, plus parking for 70 cars.

April 25, 2017

California Industrial Office Western

Creative Office, Industrial Property Changes Hands in Carlsbad

by Nellie Day April 25, 2017

CARLSBAD, CALIF. — A high-net-worth 1031 exchange buyer has purchased a 64,165-square-foot creative office and industrial property in Carlsbad. The asset is located at 5858 Dryden Place. The space was 98 percent leased to 44 tenants. It includes a high-end creative office portion that serves as executive suites and a warehouse space currently occupied by the International Floral Trade Center. CBRE’s Matt Pourcho, Gary Stache and Anthony DeLorenzo represented the seller, Sunroad Enterprises, in this transaction.

April 25, 2017

Loans Mixed-Use Multifamily New York Northeast Retail

Equicap Secures $5.8M Construction Loan for Mixed-Use Development in NYC

by Haisten Willis April 25, 2017

NEW YORK CITY — Equicap has secured a $5.8 million construction loan for a mixed-use development in the Williamsburg neighborhood of Brooklyn. The site is located directly above an L train subway stop and within walking distance to the JMZ trains. The developer obtained approval from the MTA for the project. The property will feature five condo units and one ground-floor retail space.

April 25, 2017

Multifamily Oregon Western

West Linn Plexes Apartments in Oregon Sells for $1.9M

by Nellie Day April 25, 2017

WEST LINN, ORE. — An unnamed buyer has acquired the 10-unit West Linn Plexes apartments for $1.9 million. The community is located at 4355 Riverview Ave. in West Linn. Each duplex consists of three-bedroom and 1.5 bath townhomes that span 1,350 square feet over three floors. Teresa Robles-Trakul of Marcus & Millichap partnered with the Rhoades-Corso Group to secure the buyer. The group also represented the seller, a limited liability company.

April 25, 2017

Northeast Office Pennsylvania

Cushman & Wakefield Brokers 68,846 SF Office Lease in Metro Harrisburg

by Haisten Willis April 25, 2017

CAMP HILL, PA. — Cushman & Wakefield has brokered a 68,846-square-foot office lease in the Harrisburg suburb of Camp Hill. St. Louis-based Centene Management Co., a healthcare services provider, is the new tenant at at 300 Corporate Center Dr. in the Camp Hill Corporate Center. Jason Sourbeer and Scott Bazoian led the Cushman & Wakefield teams in the transaction. Cushman & Wakefield represented both the tenant and landlord, LNR Partners, a division of Starwood Property Trust.

April 25, 2017

Industrial Massachusetts Northeast

Colliers International Negotiates $6.4M Sale of Industrial Property in Agawam, Mass.

by Haisten Willis April 25, 2017

AGAWAM, MASS. — Colliers International has negotiated the $6.4 million sale of an industrial property in Agawam. MAG Acquisition Corp. has purchased 101 HP Almgren Dr., a 186,000-square-foot property that is 100 percent leased. Nicholas Morizio and Ian Hunt of Colliers’ Hartford, Conn., office represented the buyer in the transaction.

April 25, 2017

California Office Western

Oracle Leases 16,000 SF of Office Space in Oakland

by Nellie Day April 25, 2017

OAKLAND, CALIF. — Oracle has signed a six-year lease for 16,000 square feet of space in downtown Oakland. The space is located at 1330 Broadway. Oracle will occupy the 17th and 18th floors of the 313,000-square-foot office building. The new lease continues the cloud applications and platform services provider’s expansion into the East Bay. The landlord, TMG Partners, recently renovated the building. This included a new main lobby and building entrance, common area finishes, elevator and building systems’ modernization, refurbished conference facilities, enhanced bike parking and commuter showers. John Dolby and Dane Hooks of Cushman & Wakefield represented TMG.

April 25, 2017

Newer Posts

Older Posts

Upcoming Events

Aug
18