REBusinessOnline

Hines Sells Industrial Logistics Facility in Santa Ana, California for $113.5M

SANTA ANA, CALIF. — Hines has completed the sale of 515 E. Dyer, an industrial logistics facility in Santa Ana. An undisclosed buyer acquired the property for $113.5 million.Situated close to State Route 55, Interstate 5 and John Wayne Airport, the facility offers 373,942 square feet of last-mile distribution or more traditional manufacturing and warehouse space in Southern California. Hines purchased the facility in 2017 and implemented a robust capital improvement plan, including new …

90-Unit Independent Living Community in Minnesota Trades Hands

RED WING, MINN. — Downtown Plaza, a 90-unit independent living community in Red Wing, has traded hands for an undisclosed price. The property is located at 434 W. 4th St. along the Mississippi River in eastern Minnesota. Built in 1986, the community was renovated over the last several years. The ninth-floor community room received an extensive upgrade with new finishes and furniture. Other amenities include a recreation center, beauty and barber shop, dining room and fitness center. Ted …

Stratus Properties Sells Saint Mary Apartments in Southwest Austin for $60M

AUSTIN, TEXAS — Stratus Properties (NASDAQ: STRS) has sold The Saint Mary, a 240-unit apartment community in southwest Austin, for $60 million. The sales price equates to $250,000 per unit. The garden-style community features one- and two-bedroom units with stainless steel appliances, quartz countertops and full-size washers and dryers. Amenities include a pool, fitness center, outdoor kitchen with a wet bar and a pet park. Austin-based Stratus Properties broke ground on The Saint Mary in …

CBRE Negotiates Sale of 136,531 SF Office Complex in Wilton, Connecticut

WILTON, CONN. — CBRE has negotiated the sale of a 136,531-square-foot office complex located at 187 Danbury Road in the southern Connecticut city of Wilton. The two-building complex was 47 percent leased at the time of sale and fetched a price of $10.7 million. A CBRE team of Jeffrey Dunne, Steven Bardsley, David Gavin, Jeremy Neuer, Gene Pride and Stuart MacKenzie represented the seller, an entity managed by Davis Marcus Partners, in the transaction. The team also procured the buyer, a group …

NorthMarq Negotiates $167M Sale of Four-Property Multifamily Portfolio in Virginia

RICHMOND, VA. — NorthMarq’s Richmond office has negotiated the $167 million sale of the Waverton Virginia Portfolio, a four-property multifamily portfolio in Richmond, Newport News and Norfolk. Mike Marshall, Wink Ewing, Keith Wells and Ryan Rilee of NorthMarq represented both the seller, Portsmouth, Va.-based Waverton Associates Inc., and the buyer, an undisclosed regional investor, in the transaction.The portfolio includes Meridian Watermark, a 300-unit property in Richmond. The …

Cawley Partners, Staubach Capital Acquire 475,000 SF Sabre Global Corporate Offices in Southlake

SOUTHLAKE, TEXAS — Locally based office development and investment firm Cawley Partners, in partnership with Staubach Capital, has acquired the 475,000-square-foot corporate offices of software and technology firm Sabre Global in the Fort Worth suburb of Southlake. The tenant has signed a 12-year lease to occupy all 265,000 square feet of Building A and entered into a short-term lease for the 210,000-square-foot Building B. The new ownership plans to fully renovate Building B and add a full …

Garrett Cos. Sells Multifamily Property in Centennial, Colorado to Sunroad Enterprises for $47.8M

CENTENNIAL, COLO. — The Garrett Cos. has completed the disposition of The Mezz at Fiddlers Green, an apartment community located 6440 S. Syracuse Way in Centennial. Sunroad Enterprises purchased the newly constructed property for $47.8 million.Dan Woodward, David Potarf and Matt Barnett of CBRE Capital Markets in Denver represented the seller, while Rocco Mandala of CBRE’s Phoenix office secured financing for the buyer.Situated on 3.5 acres within the Denver Tech Center, The Mezz at …

MedProperties Acquires 42-Bed Inpatient Rehab Facility in Fargo, North Dakota

FARGO, N.D. — MedProperties Realty Advisors has acquired a Post Acute Medical (PAM) inpatient rehab facility in Fargo for an undisclosed price. The 42-bed hospital spans 57,000 square feet. It is fully leased to PAM on an absolute net basis for 18 years. The property is the only inpatient rehab facility in the state, and it also serves portions of Minnesota and South Dakota, according to MedProperties. Siemens Financial provided debt for the acquisition. P.J. Camp and Mathew Tarpley of …

98,837 SF Shopping Center in Omaha Trades Hands for $12.7M

OMAHA, NEB. — The 98,837-square-foot 72nd Crossing Shopping Center in Omaha has traded hands for $12.7 million. Situated in the 72nd Street Corridor, the property was fully leased at the time of sale to tenants such as Michaels, PetSmart, Big Lots and Dunkin’. Ember Grummons of Investors Realty represented the seller, NewStreet Properties. Jason Taylor of Equity Management Group represented the buyer, Kentucky-based LVP Center

Affordable Housing Investment Brokerage Arranges $8.1M Sale of Levy House in Chicago

CHICAGO — Affordable Housing Investment Brokerage (AHIB) has arranged the sale of Levy House in Chicago’s East Rogers Park neighborhood for $8.1 million. AHIB partnered on the listing with Kiser Group. Kyle Shoemaker of AHIB represented the buyer, Preservation of Affordable Housing (POAH), as well as the seller, a nonprofit entity. Levy House is a 57-unit, seven-story apartment building that offers one-bedroom floor plans. POAH plans to preserve the property’s affordability status. POAH …

Webinars on Demand


Conferences


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties