Property Type

Badiee Development Plans Second Escondido Industrial Campus

by Nellie Day November 10, 2016

ESCONDIDO, CALIF. — Badiee Development has announced plans to build a second industrial campus in the San Diego submarket of Escondido. Dubbed Escondido Innovation Park, this campus will include 86,010 square feet of multi-tenant industrial space situated on 5.5 acres. The park will be located at 1925 Harmony Grove Road. Badiee will break ground on the three-building campus in the first quarter of 2017, with a scheduled completion in the third quarter of that year. TFW Construction is building Escondido Innovation Park, which Ware Malcomb will design. Tucker Hohenstein, Mike Erwin and Conor Boyle are serving as the listing agents.

November 10, 2016

Industrial Northeast Pennsylvania

STAG Industrial Holdings Acquires 172,647 SF Industrial Property in Langhorne, Pennsylvania

by Amy Works November 10, 2016

LANGHORNE, PA. — STAG Industrial Holdings Inc. has purchased an industrial property located within Bucks County Business Park at 121 Wheeler Court in Langhorne. A Boston-based pension fund advisor sold the 172,647-square-foot property for an undisclosed price. The building is leased to Silgan Plastics Corp. Joseph Hill, Robert Yoshimura and Eric Mattson of Cushman & Wakefield arranged the sale.

November 10, 2016

Connecticut Multifamily Northeast Seniors Housing

Cushman & Wakefield Brokers Sale of 299-Bed Seniors Housing Community in Connecticut

by Amy Works November 10, 2016

NORTH BRANFORD, CONN. — Cushman & Wakefield has arranged the sale of Evergreen Woods, a continuing care retirement community located in North Branford. National Health Investors Inc. purchased the 299-bed property from Shoreline Life Care LLC for an undisclosed price. After acquiring the property, the buyer leased the property to Charlotte, N.C.-based Senior Living Communities. The community offers residents a full continuum of care with independent living, assisted living/supportive care and skilled nursing care. Richard Swartz, Jay Wagner and Aaron Rosenzweig of Cushman & Wakefield represented the seller in the deal.

November 10, 2016

Loans New Jersey Northeast Office

Deerwood Closes Two Loans Totaling $19M in Freehold, New Jersey

by Amy Works November 10, 2016

FREEHOLD, N.J. — Deerwood Real Estate Capital has closed a $12.4 million non-recourse acquisition loan with a national bridge lender and a $6.6 million refinancing with a local bank for two properties in Freehold. The properties include a 200,000-square-foot multi-tenant office park and a 60,000-square-foot multi-tenant office building. The proceeds of the refinance were used for the acquisition. Yaakov Leiser of Deerwood negotiated the loans for the undisclosed borrower.

November 10, 2016

California Multifamily Western

The Olympic Residential Hotel Microapartments in Los Angeles Sells for $12M

by Nellie Day November 10, 2016

LOS ANGELES — Private investor James H. Tuggle has acquired The Olympic Residential Hotel, a 172-unit micro-apartment building in Los Angeles, for $12 million. The community is located at 725 S. Westlake Ave. The Olympic was built in the 1920s as a hotel, which was converted to residential apartments in 2013. The property is four stories tall, has a grand lobby entrance, an elevator and reinforced brick construction. The building also has 5,000 square feet of ground-level retail space on South Westlake Avenue. Ziv Kozaski and Michael Dixon of NAI Capital’s Multifamily Services Group represented the seller, Olympic Hotel LLC, in this transaction.

November 10, 2016

Connecticut Industrial Northeast

Maragust Holdings Acquires 114,300 SF Industrial Facility in Enfield, Connecticut

by Amy Works November 10, 2016

ENFIELD, CONN. — Maragust Holdings LLC has purchased an industrial facility situated on 9 acres at 250 S. Road in Enfield. 3M Purification Inc. sold the 114,300-square-foot property for $2.9 million. Sentry Commercial represented the buyer, while Cushman & Wakefield of Connecticut Inc. represented the seller in the transaction.

November 10, 2016

Multifamily New York Northeast

Anbau Launches Sales at 19-Unit Condo Building in Manhattan

by Amy Works November 10, 2016

NEW YORK CITY — Anbau has launched sales at 207W79, a luxury condominium located at 207 W. 79th St. in Manhattan’s Upper West Side. Designed by Morris Adjmi Architects, the property features 19 two- to six-bedroom residences, including two townhouses and a penthouse, ranging from 1,662 to 4,336 square feet and priced from $3.9 million to $15 million. On-site amenities include a 24-hour attended lobby, fitness studio, versatile playroom with bleacher seating and integrated cushioned benches, a bike room and private storage space for purchase.

November 10, 2016

Retail Texas

Marcus & Millichap Brokers Sale of 173,667 SF Power Center in Brownsville, Texas

by Amy Works November 10, 2016

BROWNSVILLE, TEXAS — Marcus & Millichap has arranged the sale of Resaca Village, a retail power center located at 1601 E. Price Road in Brownsville. MIMCO acquired the 173,667-square-foot property for an undisclosed price. At the time of sale, the property was 96 percent occupied by Big Lots, Fallas, the University of Texas at Brownsville, CSL Plasma, Harbor Freight Tools, Family Dollar and Tuesday Morning. The asset was constructed in 1974 and 1994 and renovated in 2005 and 2014. Philip Levy of Marcus & Millichap represented the seller, an Austin-based partnership, in the deal.

November 10, 2016

Healthcare Office Texas

Colliers Negotiates Sale of 12,300 SF Medical Office Building in Houston

by Amy Works November 10, 2016

HOUSTON — Colliers International has brokered the sale of a medical office building located at 150 FM 1959 in Houston. WHGS Holdings Co., dba Coastal Surgical Group, sold the property for an undisclosed price. Built in 2007, the property features 12,300 square feet of medical office space. Beth Young and Marshall Clinkscales of Colliers represented the seller, while Cameron Crouch of Gulf Coast Properties represented the undisclosed buyer in the transaction.

November 10, 2016

Loans Office Texas

Q10 KDH Arranges $8.4M Refinancing for Office Building in Plano

by Amy Works November 10, 2016

PLANO, TEXAS — Houston-based Q10 Kinghorn, Driver, Hough & Co. (Q10 KDH) has arranged the $8.4 million cash-out refinancing for Republic Office Building located in Plano. Goldman Sachs provided the funding, which features a 10-year term and a 30-year amortization schedule. Travis Fite of Q10 KDH arranged the financing for the undisclosed borrower.

November 10, 2016

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