Property Type

GFI Brokers Sale of East Williamsburg Corner Development Site For $5.5M

by Jaime Lackey October 28, 2015

NEW YORK CITY — GFI Realty Services has brokered the $5.5 million sale of 310-312 Graham Avenue, a 5,000-square-foot development site located in the East Williamsburg section of Brooklyn. Max Koshkerman of GFI represented the seller. Moshe Gelbstein and Joseph Landau of GFI represented the buyers. Both the buyers and the seller are local investors. The property includes a two-story mixed-use building, which was delivered vacant to the buyers. The buyer plans to construct a seven-story mixed-use building with 23 apartments, parking and a commercial unit. The site is located on the northeast corner of Graham Avenue and Ainslie Street and has a maximum buildable area of approximately 16,700 square feet including 1,700 square feet of air rights acquired from the adjacent parcel.

October 28, 2015

Healthcare New Hampshire Northeast Office

CBRE/NE Arranges Sale Of New Hampshire Medical Office Property

by Jaime Lackey October 28, 2015

MANCHESTER, N.H. — CBRE/New England has arranged the sale of 345 Cilley Road, a 6,096-square-foot two-story medical office building in Manchester. CBRE/NE’s Christopher Healey represented the seller, Hassell’s End Properties, and procured the buyer, Peerless Properties LLC, a privately owned company.

October 28, 2015

California Office Western

UCLA Health Signs Long-Term Lease in Rolling Hills Estates

by Nellie Day October 28, 2015

ROLLING HILLS ESTATES, CALIF. — UCLA Health has signed a long-term lease for 18,512 square feet at an office building in Rolling Hills Estates on the Palos Verdes Peninsula. The 10-year lease is valued at $5.2 million. This lease brings the Class A office building to full occupancy. It is located at 501 Deep Valley Drive. Eric Lastition and Geoff Ludwig of Colliers International represented the landlord, West Coast Capital Partners.

October 28, 2015

California Multifamily Western

Zian Buys Santa Monica Apartment Building for $2.2M

by Nellie Day October 28, 2015

SANTA MONICA, CALIF. — Zian has purchased a six-unit apartment building in Santa Monica for $2.2 million. The community is located at 1830 12th Street. It was built in 1959. The property is situated near Santa Monica College, Main Street Shops, the Santa Monica Pier and the new Light Rail Metro line. Kimberly Roberts Stepp of Stepp Commercial represented the seller, 2820 3rd Street LLC.

October 28, 2015

California Office Western

Bank of America Leases Space Near Newport Beach’s Fashion Island

by Nellie Day October 28, 2015

NEWPORT BEACH, CALIF. — Bank of America has leased 88,000 square feet of office space in Newport Beach. The space is located at 520 Newport Center Drive. It is directly across from Fashion Island. Merrill Lynch, Private Banking and Investments, Commercial and Business Banking, will occupy the space. The landlord is Irvine Company Office Properties.

October 28, 2015

California Office Western

Abrams Artists Agency Leases 15,650 SF at the Pacific Design Center in Los Angeles

by Nellie Day October 28, 2015

LOS ANGELES — Abrams Artists Agency has leased 15,650 square feet at the Pacific Design Center’s RedBuilding in Los Angeles. The center is located at 8687 Melrose Ave. Abrams is a talent and literary agency. It represents up-and-coming acting talent, as well as established celebrities in film, television and theater. Robert Cavaiola of Savills Studley represented the firm. The landlord, Cohen Brothers Realty, was represented in-house by Marc Horowitz, as well as by JLL’s Josh Wroble.

October 28, 2015

Multifamily Texas

IPA Arranges Sale of a 312-Unit Multifamily Complex in Metro Dallas

by Haisten Willis October 28, 2015

HALTOM CITY, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Apartments at Amesbury Court, a 312-unit multifamily community in Haltom City. Will Balthrope, Drew Kile and Rowan Burch represented the seller and procured the buyer, Hamilton Zanze, in the transaction. The property is located at 4699 Fossil Vista Drive at its intersection with North Beach Street. Amesbury Court feature nine- and 10-foot ceilings with crown moldings, full-size washer/dryers, patios or balconies, and maple cabinetry. Select units include travertine wood-burning fireplaces with mantels and French doors. Community amenities at Amesbury Court include controlled gate access entry, two pools, 104 detached garages, 87 carport parking spaces, a fitness center, multi-purpose sport courts, a business center and on-site car care.

October 28, 2015

Office Texas

Cousins Completes Renovations to Office Property in Houston’s Greenway Plaza

by Haisten Willis October 28, 2015

HOUSTON — Cousins Properties has completed its multi-million dollar renovation at 3 Greenway Plaza, part of the 4.4 million-square-foot Greenway Plaza campus. The completed renovations include a redone lobby and concourse levels, with marble tile and wood finishes, new lighting fixtures and furniture, commissioned art installations throughout and updated parking garage elevator banks. Cousins is also working on a new, 12,000-square-foot fitness center and improvements to The Shops at Greenway Plaza, set to be completed in the second quarter of 2016. These are the first common area upgrades at Greenway Plaza since 1998.

October 28, 2015

Multifamily Texas

Stream Brokers Sale of The Reserve at Saratoga in Corpus Christi

by Haisten Willis October 28, 2015

CORPUS CHRISTI, TEXAS — Stream Realty Partners has arranged the sale of The Reserve at Saratoga, a 274-unit apartment community in Corpus Christi. The property is located at 5701 Saratoga Blvd., in Corpus Christi’s south side. Jeff Patterson and Kelly Witherspoon of Stream Realty’s Austin office represented the joint venture between Fogelman Properties and Bridge Partners selling the apartment complex to Miller Frishman Group. The 14.8-acre property, built in 2006, encompasses 12 three-story residential apartment buildings. Property amenities include controlled-access gates, a pool and outdoor kitchen, fitness center with an indoor basketball court and a community clubhouse. Apartment amenities include nine-foot ceilings with crown molding, washer and dryer connections in each unit, a valet waste service, balconies and patios, and direct-access attached garage options.

October 28, 2015

Healthcare Texas

Capital Square Realty Acquires Newly Constructed MOB in El Paso

by Haisten Willis October 28, 2015

EL PASO, TEXAS — Capital Square Realty Advisors has acquired a newly constructed, 19,855-square-foot medical rehabilitation facility in El Paso that is 100 percent leased to Mentis Neuro El Paso. Located at 4360 Doniphan Drive, the single-story building was designed and built for use as a rehabilitation facility. The specialized building was completed earlier this year and is situated on 2.6 acres, which includes 46 parking spaces. The facility includes a therapy gym, full-service kitchen, outdoor patio and living areas. Mentis Neuro El Paso is a wholly owned subsidiary of Mentis Neuro Rehabilitation, which provides post-acute neurorehabilitation.

October 28, 2015

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