Property Type

Sansone Group Breaks Ground on 4,345 SF Retail Center in St. Louis Suburb

by Christina Cannon November 6, 2015

SUNSET HILLS, MO. — Sansone Group has purchased a property formerly occupied by Sanders Automotive in Sunset Hills, a southwest suburb of St. Louis, for an undisclosed price. The seller was Gene Sanders Inc. The building on the site, located at 10775 Watson Road, is being torn down and will be redeveloped as a 4,345-square-foot retail center. Watson Plaza will feature a 1,650-sqare-foot Starbucks and a 2,695-square-foot Mattress Direct. Construction costs are estimated to be $2.5 million. Construction has already begun, and both stores are slated to open in the summer of 2016.

November 6, 2015

Industrial Midwest Wisconsin

Dickman Co./CORFAC Arranges Sale of 17,020 SF Industrial Property in Wisconsin

by Christina Cannon November 6, 2015

HUSTISFORD, WIS. — The Dickman Company Inc./CORFAC International has arranged the sale of a 17,020-square-foot industrial building in Hustisford, approximately 53 miles northwest of Milwaukee The facility is located at 424-434 E. Rubicon St. Del Oak Holdings LLC purchased the building from Lonann Investments LLC for an undisclosed price. Nick Keys and Anthony Huenerbein of The Dickman Co. represented the seller, and Christine Huber of Belman Homes LLC represented the buyer.

November 6, 2015

California Hospitality Western

Kumeyaay Indians Open $50M Hotel Tower at Viejas Casino and Resort in San Diego

by Nellie Day November 5, 2015

SAN DIEGO — The Viejas Band of Kumeyaay Indians has opened a new $50 million hotel tower at the Viejas Casino and Resort in the eastern San Diego County submarket of Alpine. The 109-room tower includes a top-floor technology suite, as well as an additional gaming floor, specialty bar, ballroom, meeting and board rooms, resort-style pool, and extensive multi-use grounds. Construction on the tower began in June 2014. An existing administration building was demolished and the site was reconfigured prior to construction commencing. Swinerton Builders built the four-star resort project, which JCJ Architecture designed. Xpera CM managed the design and construction.

November 5, 2015

Colorado Multifamily Western

Bascom Group, Oaktree Capital Purchase Axis at Nine Mile Station Apartments in Denver for $50M

by Nellie Day November 5, 2015

DENVER — A joint venture between the Bascom Group and funds managed by Oaktree Capital Management have purchased the 336-unit Axis at Nine Mile Station for $50 million. The community is located at 3257 S. Park Road. The property was built in 1980. It is situated adjacent to the Blue Line Light Rail, which will provide access to the Denver Tech Center Business Corridor, downtown Denver and Denver International Airport once it opens next spring. CBRE’s Brian Eisendrath and Annie Rice sourced the debt financing, which was provided by Mesa West Capital. Terrance Hunt and Jeff Hawks of ARA Newmark represented the seller.

November 5, 2015

California Office Western

Est4te Four Buys Los Angeles Office Building for $21.6M

by Nellie Day November 5, 2015

LOS ANGELES — Est4te Four has purchased a 44,547-square-foot office building in Los Angeles for $21.6 million. The building is located at 929 East 2nd St. The acquisition includes additional land for development. Est4te Four plans to add more floors on top of the existing structure so it can redevelop the space into a hub with a retail component for the creative industry. The redevelopment is scheduled to commence next year.

November 5, 2015

California Office Western

Private Buyer Acquires Carmenita Corporate Plaza in Cerritos for $19.7M

by Nellie Day November 5, 2015

CERRITOS, CALIF. — A private buyer has purchased Carmenita Corporate Plaza, a 68,779-square-foot office building in Cerritos, for $19.7 million. The property is located at 13340 E. 183rd St. It is fully leased to Infinity Property & Casualty Corp. Ryan Swanson and Chris Conway of Lee & Associates Irvine represented the buyer. CBRE’s Kevin Shannon, Paul Jones and Blake Bokosky represented the seller, Cohen Asset Management Inc..

November 5, 2015

Office Washington Western

Red Lion Headquarters in Spokane Sells for $12.3M

by Nellie Day November 5, 2015

SPOKANE, WASH. — DPGB-WA-1 LLC has purchased the Red Lion Headquarters Building, a 100,362-square-foot office building in Spokane, for $12.3 million. The property is located at 201 W. North River Drive. It is situated along the Spokane River’s north bank. David Peterson of Goodale & Barbieri and Chris Johnson and MaryKay West of NAI Norris, Beggs & Simpson represented the sellers, 201 North River LLC and Red Lion Hotels LP. Peterson also represented the buyer.

November 5, 2015

Mixed-Use Multifamily New York Northeast Retail

Joint Venture Selected to Redevelop, Manage Flatbush Caton Market in NYC

by Amy Works November 5, 2015

NEW YORK CITY — The New York City Economic Development Corp. has selected a joint venture of Urbane Development, BRP Development and Caribbean American Chamber of Commerce and Industry (CACCI) to redevelop and manage Flatbush Caton Market, located at 814 Flatbush Ave. in Brooklyn. The market was established in 2000 to provide former street vendors a permanent indoor market to sell their wares, and in 2013 NYCEDC released a RFP to redevelop and manage the market into a commercial, residential and community space. The joint venture’s winning 212,000-square-foot redevelopment plan includes more than 20,000 square feet of retail space, 10,000 square feet of community facilities and 166 affordable housing units, as well as an assemblage of business training and support initiatives to strengthen existing vendors and support entrepreneurial growth. Designed by Freeform + Deform, the project will feature convertible indoor/outdoor swing space, modular vendor pods, and multiple production spaces for food, natural personal care and fashion/textile uses. Redevelopment is underway with an expected completion date of late 2019 or early 2020.

November 5, 2015

Loans New York Northeast Office Retail

HFF Secures $89M in Refinancing for Retail, Office Building in NYC’s Meatpacking District

by Amy Works November 5, 2015

NEW YORK CITY — HFF has arranged $89 million in refinancing for a retail and office building located at 401 W. 14th St. in the Meatpacking District. MetLife provided the borrower, Taconic Investment Partners, with a 15-year, interest-only, fixed-rate loan. The four-story building is 100 percent leased to Hugo Boss, The Kooples, Apple Inc. and Raptor Capital Management. HFF secured the financing on behalf of the borrower.

November 5, 2015

Mixed-Use Multifamily New York Northeast Retail

Cushman & Wakefield Arranges $16.7M Sale of Five-Property Portfolio in Brooklyn

by Amy Works November 5, 2015

NEW YORK CITY — Cushman & Wakefield has brokered the sale of The Duke Properties Brooklyn Portfolio, a package of four multifamily buildings and one mixed-use property in Brooklyn. The assets sold for $16.7 million, or $382 per square foot, in an all-cash transaction. The properties are located at 29 Brooklyn Ave., 137 MacDonough St., 235 Malcolm X Blvd., 1509 Pacific Ave. and 300 Palmetto St. Totaling approximately 43,750 square feet, the buildings feature 49 apartments and two retail units. Michael Amirkhanian of Cushman & Wakefield handled the transaction. The names of the seller and buyer were not released.

November 5, 2015

Newer Posts

Older Posts