Property Type

REALOGY TO MOVE HEADQUARTERS TO MADISON

by admin December 1, 2011

MADISON, N.J. — Realogy Corp., which owns real estate firms Coldwell Banker, Century 21 and Sotheby's International Realty, will relocate its corporate headquarters from Parsippany, N.J. to a Madison site about seven miles away. Realogy's current lease expires in 2013, and the company will move into a new 15-acre site at 175 Park Ave. in late 2012. Morristown-based Hampshire Cos. is developing an existing structure into a new 270,000-square-foot building. Construction is currently underway at the site. Global Client Solutions, a Realogy subsidiary, represented Realogy in the transaction. David Simson, Timothy Greiner, and Brendan McBride of Newmark Knight Frank represented Hampshire Cos.

December 1, 2011

WASHINGTON TRUST PROVIDES $1.85M IN REFINANCING TO RHODE ISLAND SHOPPING CE

by admin December 1, 2011

COVENTRY, R.I. — Washington Trust's Commercial Real Estate Group provided $1.85 million to Soscia Enterprises, for the refinancing and completion of renovations to Coventry Shoppers Park, a shopping plaza located at 22 Coventry Shoppers Park in Coventry, R.I. Cate Fusco of Washington Trust was the lead lender for the project.

December 1, 2011

Northeast Office

CONNECTICUT MEDICAL OFFICE BUILDING SELLS FOR $1.6M

by admin December 1, 2011

AVON, CONN. — MFJ Properties has purchased a 20,600-square-foot medical office building, located at 40 Dale Rd. in Avon, for $1.6 million. Rob Montesi and Steve Inglese of New Have Group's New Haven office represented the seller, Phoenix Dale Road LLC, in the transaction. New Haven Group also procured the buyer.

December 1, 2011

Mixed-Use Texas

CYPRESS EQUITIES ARRANGES $14.5 MILLION LOAN FOR WEST 7TH

by admin December 1, 2011

FORT WORTH — Cypress Equities has arranged a $14.5 million construction loan for Phase III of West 7th, a mixed-use property located on the southeast corner of West 7th Street and University Drive North in Fort Worth. The property features 441 residential multifamily units, 254,107 square feet of retail space and a 103,220-square-foot office building. Phase III will add 32,000 square feet of retail space and 96 multifamily units to the property, which is currently leased to tenants such as Bar Louie, Sweet Tomatoes, The Boardroom Salon for Men, Keena's of Fort Worth, Peruvian Atelier and Wink. Cypress arranged the loan through OmniAmerican Bank and Southwest Bank on behalf of the owner, CRP Cypress West 7th LLC.

December 1, 2011

Healthcare Texas

SPINE & PAIN CENTER OF SAN ANTONIO OPENS

by admin December 1, 2011

SAN ANTONIO — The Spine & Pain Center of San Antonio has opened a 9,622-square-foot medical office at Brooks City-Base, located at 3124 Sidney Brooks, 570B in San Antonio. Brooks City-Base is a 400,000-square-foot master-planned community developed by the Brooks Development Authority.

December 1, 2011

Retail Texas

LA FITNESS LEASES 50,000 SQUARE FEET IN CITYVILLE AT CITYPLACE

by admin December 1, 2011

DALLAS — LA Fitness has signed a long-term lease for a 50,000-square-foot facility within Cityville at Cityplace, a mixed-use development at the northeast corner of North Haskell Avenue and U.S. Highway 75 in Dallas. John Zikos and Jonathan Cooper of Venture Commercial Real Estate's Dallas office represented the tenant in the lease transaction, along with Walt Brown of Scottsdale, Ariz.-based Diversified Partners. Jack Gosnell of United Commercial Realty's Dallas office represented the landlord, Cityville Dallas Haskell Limited Partnership. This transaction marks the 27th LA Fitness location in the Dallas/Fort Worth area.

December 1, 2011

Retail Texas

MIMCO LEASES 10 TITLE & LOAN STORES IN EL PASO

by admin December 1, 2011

EL PASO — Mimco has signed 10 leases with Texas Car Title & Payday Loan Services in El Paso for a total 26,143 square feet. Mimco was self-represented in the leasing transactions, and Spencer Peterson of Peterson Commercial Real Estate represented the tenant.

December 1, 2011

Multifamily Western

BRUSH CREEK APTS SELLS FOR $8.2M

by admin December 1, 2011

DAVIS, CALIF. – The 80-unit Brush Creek Apartments in Davis has sold to a limited liability company for $8.2 million. The complex was built in 1981 and resides at 1333 Arlington Blvd. Sunny Gill from Marcus & Millichap’s Sacramento, Calif., office represented both the buyer and the seller, a private investor, in this transaction.

December 1, 2011

Office Western

CAMELBACK OFFICE BUILDING PURCHASED FOR $7.5M

by admin December 1, 2011

PHOENIX – A 76,286-square-foot office building, located at 2929 E. Camelback Road in Phoenix, has been purchased by Greenlaw Partners for $7.5 million. The Class B office building was constructed in 1982 and underwent significant renovations in 2008. It was 52 percent leased at the time of sale. Eric Wichterman and Mick Coover of Cassidy Turley BRE Commercial’s Capital Markets Group represented both the buyer and the seller, Stoughton Plaza, LLC, in this transaction.

December 1, 2011

Multifamily Western

SOUTHRIDGE APTS SELLS FOR $7M

by admin December 1, 2011

SAN DIEGO – The 68-unit Southridge Apartments in San Diego’s La Mesa submarket has sold to a private individual for $7,050,000. The 45,780-square-foot complex was built in 1973 and is located at 7200 Saranac Street.The CBRE Apartment team of Jim Neil and Eric Comer represented both the buyer and the seller, Southridge Apartments, in this transaction.

December 1, 2011

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