Property Type

Bolour Associates Acquires Retail Center in Los Angeles’ Silver Lake District for $6.5M

by Amy Works April 15, 2025

LOS ANGELES — Bolour Associates has purchased a neighborhood retail center in the Silver Lake district of Los Angeles from an undisclosed seller for $6.5 million. Located at 2829-2843 Hyperion Ave., the value-add property offers 9,884 square feet of retail space. At the time of sale, the property was 50 percent leased to a mix of tenants, including Pinkberry, Standing Egg Coffee, Cats and Dogs and The Village Vet. Bolour plans to complete both exterior capital improvements and interior tenant improvements at the center. Oron Maher of Maher Commercial Realty represented the seller in the transaction.

April 15, 2025

Acquisitions California Office Western

CBRE Brokers $6.3M Sale of Office Building in Rancho Cucamonga, California

by Amy Works April 15, 2025

RANCHO CUCAMONGA, CALIF. — CBRE has negotiated the sale of a two-story office building located at 9421 Haven Ave. in Rancho Cucamonga. A local owner-user acquired the asset from FJKC Investment LLC for $6.3 million. The 20,600-square-foot building was vacant at the time of sale. Sammy Cemo, Austin Reuland and Anthony DeLorenzo of CBRE represented the seller in the deal.

April 15, 2025

Acquisitions California Industrial Western

Dunleer Buys Two-Building Warehouse Property in Burbank, California for $5M

by Amy Works April 15, 2025

BURBANK, CALIF. — Los Angeles-based Dunleer has purchased a two-building warehouse asset, located at 3312-3314 and 3318 Burton Ave. in Burbank, from a local family for $5 million, or $283 per square foot. Chad Gahr and David Young of NAI Capital represented the buyer, while Mike Maniscalchi of Systems Real Estate represented the seller. At the time of sale, the 17,726-square-foot property was 67 percent vacant. The asset features three units and is adjacent to the Hollywood Burbank Airport.

April 15, 2025

Development Hospitality Michigan Midwest Retail

Michigan State Approves Construction of $150M Spartan Gateway District Project, Selects Developer

by Kristin Harlow April 15, 2025

EAST LANSING, MICH. — The Michigan State University Board of Trustees has authorized the university to move forward with the construction of the Spartan Gateway District, a public-private campus community development project on the west side of campus along Harrison Road in East Lansing. The university has selected G&G Project Sparta LLC, a joint venture between Lansing, Mich.-based Gillespie Group and Omaha, Neb.-based Goldenrod Cos., as the developer. The project’s price tag is $150 million, according to Crain’s Detroit Business. The Spartan Gateway District encompasses a new hotel and retail space as well as an athletics arena. The Olympics Sports Arena will support volleyball, wrestling, gymnastics, locker rooms and coaching office space in addition to a number of university classrooms. The hotel and retail space would be part of the public-private partnership between the university and the developer. The Spartan Gateway District will be developed in multiple phases. The first phase will include the arena, which is slated to be operational by late 2027. Additional phases featuring a variety of commercial uses including a hotel, housing, office and retail spaces will follow. The timeline for the final phase, which will expand the university’s use of the facilities, is yet to …

April 15, 2025

Indiana Industrial Leasing Activity Midwest

Simply Good Foods Signs 805,000 SF Industrial Lease in Mount Comfort, Indiana

by Kristin Harlow April 15, 2025

MOUNT COMFORT, IND. — Simply Good Foods has signed an 805,000-square-foot industrial lease for seven years in Mount Comfort, an eastern suburb of Indianapolis. The tenant is known for its Quest protein bars and shakes. The Class A building features a clear height of 40 feet, an abundance of trailer and auto parking and accessibility to major transportation routes. The Mount Comfort project is now fully leased. The landlord, CT Realty, has also leased its adjacent 250,000-square-foot facility to Schlage Lock.

April 15, 2025

Industrial Leasing Activity Midwest Minnesota

Kids in Need Foundation Relocates to 74,364 SF Industrial Space in Little Canada, Minnesota

by Kristin Harlow April 15, 2025

LITTLE CANADA, MINN. — Kids in Need Foundation has signed a long-term, 74,364-square-foot industrial lease at 200 S. Owasso Blvd. in Little Canada. The nonprofit organization, which is dedicated to providing suppliers and resources to teachers and students in underserved schools, plans to relocate and occupy the entire building later this spring. The new lease represents an expansion from the organization’s previous home in St. Paul. The new facility will feature a resource center where teachers can access donated school supplies at no cost. The property features nearly 20,000 square feet of office space and 55,000 square feet of warehouse space as well as 54 surface parking spaces and outdoor storage options. John Thompson and Alex Baron of Transwestern Real Estate Services represented the owner, JHM Owasso Properties. Stephen Davidson of Davidson Cos. Inc. represented the tenant.

April 15, 2025

Acquisitions Michigan Midwest Retail

CrownPoint Partners Brokers Sale of 14,933 SF Retail Property in Southgate, Michigan

by Kristin Harlow April 15, 2025

SOUTHGATE, MICH. — CrownPoint Partners has brokered the sale of a newly constructed retail property occupied by Range USA in Southgate for an undisclosed price. The single-tenant, net-leased asset totals 14,933 square feet and is situated on 2.2 acres at 12780 Reeck Road just off I-75. Julius Swolsky and Shannon Bona of CrownPoint represented the seller, CA Commercial Development, and the buyer, FrontView REIT. Founded in 2012, Range USA operates indoor shooting ranges. The Southgate location, which opened in January 2023, features 20 shooting lanes.

April 15, 2025

Acquisitions Hospitality Midwest Wisconsin

Marcus & Millichap Arranges $2.5M Sale of Oasis Hotel in Sheboygan Falls, Wisconsin

by Kristin Harlow April 15, 2025

SHEBOYGAN, WIS. — Marcus & Millichap has arranged the $2.5 million sale of the 45-room Oasis Hotel in Sheboygan Falls. The seller, a first-time hotel owner, acquired the property in 2022 and removed the flag, completed a full renovation and operated it as an independent hotel before deciding to exit. Built in 1988, the asset is located on 2.8 acres at 600 N. Main St. Reed Gizinski, Jon Ruzicka and Joseph Ferguson of Marcus & Millichap represented the seller and procured the undisclosed buyer.

April 15, 2025

Development Multifamily New York Northeast

Two Trees Management Completes Lease-Up of 279-Unit Multifamily Property in Brooklyn

by Taylor Williams April 15, 2025

NEW YORK CITY — Locally based developer Two Trees Management has completed the lease-up of One Domino Square, a 279-unit multifamily property in the borough’s Williamsburg area. Designed by Selldorf Architects, One Domino Square offers both apartments and condos in a variety of floor plans, including penthouses for the latter component. Amenities include a pool, spa, resident lounges, media room, children’s playroom, private dining room, chef’s kitchen and outdoor grilling and dining stations. The property’s rental units are now 99 percent occupied, with rents starting at $4,770 per month for a studio apartment.

April 15, 2025

Development Multifamily New Jersey Northeast

Hartz Mountain Begins Leasing 218-Unit Apartment Complex in Weehawken, New Jersey

by Taylor Williams April 15, 2025

WEEHAWKEN, N.J. — Locally based developer Hartz Mountain Industries has begun leasing The Reserve at Estuary, a 218-unit apartment complex in the Northern New Jersey community of Weehawken. Designed by MHS Architecture, the property is located within the 60-acre Lincoln Harbor mixed-use development and offers studio, one- and two-bedroom units that are furnished with stainless steel appliances, quartz countertops, individual washers and dryers and smart technology. Select residences have patios. Amenities include a pool, outdoor lounge, courtyard, fitness center, game room and a coworking lounge. Rents start at $3,300 per month for a studio apartment.

April 15, 2025

Newer Posts

Older Posts