Sunday, July 26, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

MultifamilyNortheast

APARTMENT BUILDING IN UPPER WEST SIDE SELLS FOR $7M

by admin

NEW YORK CITY — Besen & Associates has arranged the sale of a 17-unit apartment building in New York City for $7 million, which equates to a 3.3 percent cap rate. The 11,988-square-foot, five-story building is located at 29 W. 84th St. in the Upper West Side. Five apartments are currently stabilized, but are rented at or above $2,500 per month. Apartment layouts include seven studios, five one-bedrooms and five two-bedrooms. David Bess of Besen & Associates represented the seller, Carlton Management. Cathy Connolly of Vandenberg Inc. procured the buyer, a private foreign investor.

Continue Reading
FacebookTwitterLinkedinEmail
MultifamilyNortheast

STERLING PROPERTIES BEGINS CONSTRUCTION ON RIVERGATE

by admin

BORDENTOWN, N.J. — Sterling Properties has begun construction on Rivergate, a transit-oriented, 159-unit rental community in Bordentown, located about six miles south of Trenton. Situated along the Delaware River waterfront, the four-building development will feature an array of amenities, including elevator access, private parking, an outdoor resort-style swimming pool and a clubhouse with a state-of-the-art fitness studio. Construction is slated to complete in 12 to 18 months.

Continue Reading
FacebookTwitterLinkedinEmail
NortheastOffice

CORPORATE DISPLAY SPECIALTIES TO RELOCATE IN STRATFORD

by admin

STRATFORD, CONN. — Corporate Display Specialties (CDS) has relocated its offices, assembly and storage space to 60 Watson Blvd. in Stratford. The company, which is presently located in Stratford, will relocate to 8,074 square feet in the 81,000-square-foot building. Bruce Wettenstein, partner with Vidal/Wettenstein LLC, represented the owner, Blase Management, and CDS in the transaction. Since 1983, CDS has been a provider of trade show displays and exhibits.

Continue Reading
FacebookTwitterLinkedinEmail
OfficeTexas

COUSINS CLOSES $189M MORTGAGE FOR HOUSTON OFFICE COMPLEX

by admin

HOUSTON — Cousins Properties, an Atlanta-based REIT, has closed a $189 million non-recourse mortgage for Post Oak Central, a Class A office complex in Houston’s Galleria submarket. Originally purchased by Cousins in February for $233 million, the property comprises three towers totaling 1.3 million square feet. The buildings are currently 94 percent occupied, up from 92 percent at the time of sale. The mortgage, which was announced in conjunction with another closed for an Atlanta-area Cousins property, entails a seven-year term and a fixed rate of 4.26 percent. HFF arranged the terms.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialTexas

CBRE ARRANGES SALE, $43.5M IN ACQUISITION FINANCING FOR TEXAS PORTFOLIO

by admin

DALLAS AND HOUSTON — CBRE Capital Markets has arranged the sale and $43.5 million in acquisition financing for an industrial portfolio in the Dallas/Fort Worth and Houston metro areas. The 15 multi-tenant properties, which were purchased by an institutional client, total approximately 1.3 million square feet and were 84 percent occupied by a total of 48 tenants at the time of the sale. The Dallas submarkets of Great Southwest/Arlington and Northeast Dallas contain 10 of the acquired buildings, while the remaining five are located in Houston’s Southeast, Southwest and CBD submarkets. Jack Fraker, Josh McArtor, Jonathan Bryan, Heather McClain Venegoni, Tom Lynch and Paul Segreto of CBRE represented the seller, a global investment manager. Scott Lewis, Matt Ballard and Patrick Benoist of CBRE’s Dallas Debt and Equity Finance originated and secured the loan.

Continue Reading
FacebookTwitterLinkedinEmail
Seniors HousingTexas

HENDRICKS-BERKADIA NEGOTIATES SALE OF SENIORS HOUSING IN SAN ANTONIO

by admin

SAN ANTONIO — Hendricks-Berkadia has brokered the sale of Wedgwood, a high-rise independent living apartment complex in San Antonio. The property, geared toward individuals age 55 and up, features amenities such as a beauty salon, nature path, library, cabana and fish pond. Wedgwood also boasts an on-site medical team and close proximity to the River Walk and Interstates 410 and 281. Mike Miller, Chris Ross and Will Caruth of Hendricks-Berkadia’s San Antonio office represented Centennial, Colo.-based seller Wedgwood Apartments, as well as the buyer, an out-of-state private investor. Acquisition financing was provided via Michael Levell from the Berkadia Austin/San Antonio office.

Continue Reading
FacebookTwitterLinkedinEmail
OfficeTexas

COLLIERS BROKERS SALE OF 53,000 SF OFFICE BUILDING IN HOUSTON

by admin

HOUSTON — Colliers International has brokered the sale of Oak Park Plaza, a three-story office building totaling 53,000 square feet in the master-planned Oak Park at Westchase development of Houston. Located at 6051 N. Course Drive and in close proximity to Beltway 8, the property is LEED Silver certified. David Carter and Jay Kyle of Colliers represented the seller, WYAK Investments LLC, in the transaction. The buyer was a financial institution that will also occupy part of the facility.

Continue Reading
FacebookTwitterLinkedinEmail
OfficeWestern

NEW ZAPPOS HEADQUARTERS OPENS IN DOWNTOWN LAS VEGAS

by admin

LAS VEGAS – The 41-year-old former Las Vegas City Hall has completed its transformation into the new Zappos headquarters. The online retailer will now be based at 400 E. Stewart Ave. in Downtown Las Vegas. Zappos purchased the building for $18 million. The company was formerly based in nearby Henderson after relocating to Nevada from San Francisco in 2004. The creative office space was designed to LEED-Gold specifications. The $60-million renovation began in August 2012. It was carried out by The PENTA Building Group.

Continue Reading
FacebookTwitterLinkedinEmail
RetailWestern

LBG ACQUIRES THE FAMILY CENTER AT OGDEN FIVE POINTS

by admin

OGDEN, UTAH — An entity sponsored by LBG Real Estate Companies, LLC has purchased The Family Center at Ogden Five Points, a 161,795-square-foot community shopping center. The purchase price was not disclosed. The center is located at 129 N. Harrisville Road just north of Salt Lake City. The acquisition also includes about six acres of adjacent land that could accommodate retail and residential development. The Family Center was 95 percent leased at the time of sale. Notable tenants include Planet Fitness, Dollar Tree, Harbor Freight Tools, Key Bank and Radio Shack. It is anchored by Harmons grocery store, which is currently undergoing a major renovation at the center. The shopping center is also set to undergo a significant redevelopment.

Continue Reading
FacebookTwitterLinkedinEmail
RetailWestern

STATER BROS. PLAZA IN RIVERSIDE SELLS FOR $5.2M

by admin

RIVERSIDE, CALIF. — Stater Bros. Plaza, a 59,790-square-foot, grocery-anchored center in Riverside, has sold to a Los Angeles-area private investor for $5.2 million. The plaza is located at 6160 Arlington Ave. It was built in 1980, remodeled in 1991. The center is currently 82 percent occupied. It is leased to O’Reilly Auto Parts, Subway, Arlington Animal Hospital and D’Caesaro Pizza & Italian Restaurant. The buyer was represented by Nilufar Alemozaffar of CARETS Commercial. The seller, an Orange County, Calif., private partnership, was represented by Edward B. Hanley and William B. Asher of Hanley Investment Group.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts