Property Type

The property includes three lakes and a resort-style pool and spa.

Connor Group Buys Luxury Apartment Complex in Chicago Suburb for $61.8M

by Danielle Everson November 4, 2014

NAPERVILLE, ILL. — The Connor Group has acquired a 321-unit luxury apartment community in Naperville for $61.8 million. Glenmuir is located approximately 40 miles west of downtown Chicago. The property includes three lakes and a resort-style pool and spa. Apartment units feature townhome-style entries, fireplaces and gourmet kitchens. The Connor Group purchased the property from Glenmuir Acquisitions LLC. The Connor Group owns more than $1.6 billion in assets. In addition to the Chicago acquisition, it owns and operates communities in Atlanta, Austin, Charlotte, Cincinnati, Columbus, Dallas, Dayton, Nashville and Raleigh-Durham.

November 4, 2014

Loans Multifamily Northeast Pennsylvania

HFF Closes Sale, Arranges Financing for 196-Unit Multifamily Community

by Amy Works November 4, 2014

YARDLEY, PA. — HFF has brokered the sale of Yardley Crossing, a multifamily community located along the Delaware River in Yardley. Additionally, HFF arranged Fannie Mae acquisition financing on behalf of the buyer, Relative Properties. Located at 1800 Kathy Dr., the 196-unit community features two- and three-bedroom townhome-style units and 12 one-bedroom flats. Community amenities include a swimming pool, basketball courts, playground, jogging and bike trails, clubhouse and recreation room. Zac Pierce, Mark Thomson and Jose Cruz of HFF represented the seller, Fairfield Belmondo LLC, in the transaction. Ryan Ade and James Conley led the HFF debt placement team to secure financing for the buyer.

November 4, 2014

Arizona Industrial Western

Chandler Industrial Property Sells for $4.5M

by Nellie Day November 4, 2014

CHANDLER, ARIZ. – A 46,119-square-foot industrial property in Chandler has sold to Bell Steel Inc. for $4.5 million. The asset is located at 1100 N. Hamilton Street. The sale included a 4,000-square-foot office building, a 29,319-square-foot fabrication building, a 10,800-square-foot office/warehouse building and a 2,000-square-foot storage building. Bell Steel was represented by JLL’s Steve Larsen. The seller, TW Steel, was represented by Evan Koplan and Mike Parker of CBRE’s Phoenix office.

November 4, 2014

Connecticut Northeast Retail

Marcus & Millichap Arranges Sale of Net-Leased Retail Property in Connecticut

by Amy Works November 4, 2014

EAST HARTFORD, CONN. — Marcus & Millichap has brokered the sale of a net-leased retail property located at 18 Main St. in East Hartford. Built in 2008, the property, which is occupied by a Wells Fargo bank branch, sold for $4.63 million at a 4.75 percent cap rate. Laurie Ann Drinkwater and Seth Richard of Marcus & Millichap represented the seller, a Connecticut-based developer. Steven Siegel of Marcus & Millichap represented the buyer, a New York City private investor in a 1031 exchange, in the transaction.

November 4, 2014

California Retail Western

Kelly-Moore Paints Property in Hayward Sells for $2.2M

by Nellie Day November 4, 2014

HAYWARD, CALIF. – A 10,000-square-foot retail property in Hayward that is net leased to Kelly-Moore Paints has sold to a private investor for $2.2 million. The property is located at 28722-28724 Mission Blvd. The paint retailer subleases a small portion of the building to a local flooring retailer. The building was constructed in 1970. Kelly-Moore has occupied this space for about 44 years. In 2006, it signed a new lease for an additional 15-year term. The seller, a private investor, was represented by Bryan Webb and Bill Allen of Marcus & Millichap.

November 4, 2014

Industrial New Jersey Northeast

NAI Hanson Brokers 33,000 SF New Jersey Warehouse Building Lease

by Amy Works November 4, 2014

CARLSTADT, N.J. — NAI Hanson represented landlord, Amor SGE LLC, in the lease of 33,000 square feet at its industrial building in Carlstadt. M4U Inc. will use the space, located at 50 Armor Ave., to expand its operations. The warehouse space features four loading docks, two drive-ins, 1,200 amps of power and ample parking. Jeff DeMagistris and Tom Vetter of NAI Hanson represented the owner in the transaction.

November 4, 2014

Nevada Office Western

Las Vegas Office Portfolio Changes Hands

by Nellie Day November 4, 2014

LAS VEGAS – A five-property office and warehouse portfolio in Las Vegas has sold to McLeod 5 LLC for an undisclosed sum. The transaction includes three multi-tenant office buildings and two multi-tenant office/warehouse buildings. The buildings are located at 6275, 6285, 6325, 6340 and 6360 McLeod Drive. The LLC was represented by Tony Castrignano of Remax Commercial Sky Mesa. The unnamed seller was represented by CBRE’s Charles Moore, Marlene Fujita Winkel and Ashley Kolaczynski.

November 4, 2014

California Multifamily Western

San Francisco Apartment Building Sells for $3.1M

by Nellie Day November 4, 2014

SAN FRANCISCO – A five-unit apartment building in San Francisco has sold to an unnamed buyer for $3.1 million. The community is located at 59 Collingwood Street. The seller, a private investor, was represented by Joseph Levy and Mark Mason of Marcus & Millichap’s San Francisco office.

November 4, 2014

Loans Midwest Minnesota Multifamily Seniors Housing

Dougherty Arranges $13.5M HUD Loan for Construction of Seniors Housing Facility

by Danielle Everson November 4, 2014

SHOREVIEW, MINN. — Dougherty Mortgage LLC has arranged a $13.5 million HUD 213 loan for the construction of Applewood Pointe Cooperative of Shoreview, a 77-unit construction senior cooperative property in Shoreview. Dougherty’s Minneapolis-based office arranged the 40-year loan for the borrower, Applewood Pointe Cooperative of Shoreview. The cooperative site is located in a Ramsey County suburb.

November 4, 2014

California Office Western

Ergobaby Leases Space in Los Angeles

by Nellie Day November 4, 2014

LOS ANGELES – Ergobaby has leased 16,378 square feet of office space in Downtown Los Angeles. The space is located at 617 West 7th Street. The consumer baby products company will occupy an entire floor. The company will be relocating from its existing headquarters at nearby 888 Figueroa early next year. Ergobaby was represented by Andrew Lustgarten and Sonya Schmidt of Studley. The landlord, The Swig Company, was represented by CBRE’s John Zanetos, Chris Penrose and Mark O’Brien.

November 4, 2014

Newer Posts

Older Posts