• 3500 Cedar

    Stepp Commercial Completes $4.75 Million Sale of a 20-Unit Apartment Property in Long Beach, CA

    January 22, 2020 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.75 million sale of a 20-unit apartment property located at 3500 Cedar Avenue in Long Beach, CA. Stepp Commercial Principal Robert Stepp and Senior Vice President Michael Toveg represented the...
  • Tiger Industrial

    Cushman & Wakefield Sells Tiger Industrial Center for $8.35 Million

    January 17, 2020 – Cushman & Wakefield has completed the sale of Tiger Industrial Center, a fully leased 103,511-square-foot (sf) industrial park in Phoenix. New York-based KKR acquired the property, located at 4901 & 4929 W. Van Buren Street, from Los Angeles-based Dunbar Real Estate Investment Management for $8.35...
  • Todos Santos Concord

    NKF NorCal’s Retail Capital Markets Advises on Sale of Concord Shopping Center

    January 22, 2020 — Newmark Knight Frank (NKF) Retail Capital Markets has announced the sale of The Shops at Todos Santos Plaza, an entire city block of urban retail located in the heart of downtown Concord, one of the San Francisco Bay area’s strongest growth markets. Comprised of 15...
  • Starbucks

    New Construction Single-Tenant Starbucks Drive-Thru Sells for $1,345 PSF

    January 20, 2020– Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has completed the sale of a brand-new, single-tenant Starbucks with a drive-thru located in Fresno, California. The sale price of $2,825,000...
  • Sutter Square

    Meridian Sells Concord Office Building for $31M

    January 20, 2020 – Meridian, a full-service real estate developer and owner of general and medical office real estate, is pleased to announce that it has completed the sale of Sutter Square, a 174,689-square-foot, nine-story office building located at 1800 Sutter Street, near downtown Concord, California, to a joint...
  • At Home Spokane

    New Single-Tenant At Home in Spokane Sells for $10.2M

    January 20, 2020 – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has arranged the sale of a single-tenant net-lease property occupied by a newly opened At Home in Spokane, Washington. The...
  • Concourse at Westway

    Houston-Based Griffin Partners Acquires Concourse at Westway

    January 15, 2020 – JLL Capital Markets and Griffin Partners Inc. announce today that they have closed the sale of Concourse at Westway, a Class B, 130,223-square-foot, value-add office building in West Belt submarket of Houston, Texas. JLL marketed the property on behalf of the seller, EverWest. Houston-based Griffin...
  • Ainsworth Circle

    Portland Distribution Warehouse Sold for $16.2M

    January 17, 2020– JLL Capital Markets announced that it has closed the $16.2 million sale of a 126,303-square-foot distribution warehouse building triple net leased to Johnstone Supply at 11632 NE Ainsworth Circle in Portland, Oregon. JLL marketed the property on behalf of the seller, Stockbridge. 11632 NE Ainsworth Circle...
  • Via Vera Cruz Office Park Sells for over $7 Million in San Marcos

    January 16, 2020 – Cushman & Wakefield today announced it has advised the sale of the Via Vera Cruz Office Park in San Marcos (San Diego), California. Windsor Projects, Inc. acquired the two-story 32,687-square-foot multi-tenant office building from LaMont Revocable Trust. The property sold for $7.07 million or $216...
  • Foothills Gateway

    Foothills Gateway Corporate Center Trades for $11.5 Million

    January 10, 2020 – On behalf of HB Foothills Gateway, Cushman & Wakefield has closed the sale of Foothills Gateway Corporate Center located at 4505 E. Chandler Boulevard in Phoenix. Equity Advantage Inc. purchased the property for $11.5 million. Located in the prestigious Southeast Valley neighborhood of Ahwatukee Foothills,...
  • Las Vegas Industrial

    Las Vegas Strip-Adjacent Industrial Portfolio Sold in Deal Brokered by Cushman & Wakefield

    January 14, 2020 – Cushman & Wakefield announced today that the firm has brokered the investment sale of a 276,443-square-foot (sf) industrial portfolio in Las Vegas, Nevada. The portfolio sale consisted of three multi-tenant industrial projects: The Park @ Arville at 4350 Arville St. (160,277 sf), Valley View Commerce...
  • Astoria Portland

    The Astoria in Portland, OR Sells for $12M

    January 13, 2020— Kidder Mathews is pleased to announce the sale of The Astoria apartments for $12,000,000. The 68-unit apartment complex is located at 1913 N.E. 73rd Avenue in Portland, Oregon. Kidder Mathews’ team of multifamily investment brokers, Jordan Carter, Clay Newton, and Tyler Linn, exclusively represented both the...
  • Hilton Hotel San Jose

    Hilton San Jose Hotel Sold for $117.55M

    January 13, 2020 – JLL Hotels & Hospitality announced today that it has closed the $117.55 million sale of the 353-room Hilton San Jose in downtown San Jose on behalf of the seller, Han’s Holdings Group Ltd. Senior Managing Director John Strauss and Executive Vice President Mark Fraioli led...
  • 2140 W Pinnacle Peak

    One of the Largest Single-Tenant Industrial Buildings in the Deer Valley Submarket Sells for $17M

    January 13, 2020— Pinnacle Peak CO, LLC, an investment company based out of Bellingham, Washington, has paid $17,000,000 cash for the sale of an industrial manufacturing building located at 2140 West Pinnacle Peak Road in Phoenix, Arizona. The building was purchased from Thul, LLC, a principle of APSM Systems,...
  • Tesla

    Largest Tesla Facility in Arizona Sold to Chinese Investor

    January 13, 2020 – Cushman & Wakefield announced that Sunrise Investment 8300 LLC has purchased 8300 East Raintree Drive in Scottsdale, Ariz. for $13.95 million. The entire facility is occupied by Palo Alto based Tesla NASDEQ: TSLA (www.tesla.com) on a long-term net lease. Michael Kitlica, national NNN leased asset...
  • Westlake Plaza

    Newport Capital Partners Sells Westlake Plaza in Chicago

    January 13, 2020 – JLL Capital Markets announced today that it has closed the sale of Westlake Plaza, a 42,018-square-foot, internet-resistant neighborhood shopping center in Chicago’s affluent Northshore community of Wilmette, Illinois. JLL represented the seller, Chicago-based Newport Capital Partners. A private real estate fund advised by Crow Holdings...
  • T Mobile Chicago

    New Two-Tenant Aspen Dental and T-Mobile Trades in Chicago Metro

    January 10, 2020 — Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has completed the sale of a new-construction, two-tenant, retail pad building occupied by an Aspen Dental-branded practice and T-Mobile in...
  • Rockvale

    Avison Young Completes $7.5 Million Sale of 34-Unit Apartment Property in Azusa, CA

    January 10, 2020 – Avison Young announced today the $7.5 million sale of Rockvale Apartments, a 34-unit, multifamily property located at 333 N. Rockvale Avenue in Azusa, CA (Los Angeles county). Avison Young’s Peter Hauser, Matt Hauser and Masa Ito in the company’s Irvine, CA office, represented the seller,...
  • Crowne Plaza Portland

    Crowne Plaza Portland-Lake Oswego sold to BHG Hotels

    January 9, 2020 – JLL announced today that it has closed the sale of and arranged acquisition financing for the Crowne Plaza Portland-Lake Oswego, a 161-room, full-service hotel in the Portland-area community of Lake Oswego, Oregon. JLL Hotels & Hospitality marketed the property on behalf of the seller. BHG...
  • Harms Road Industrial Park

    Five-Building Industrial Park in Houston Trades Hands

    January 9, 2020 – JLL Capital Markets announces that it has closed the sale of Harms Road Business Park, a five-building industrial park totaling 124,000 square feet in Houston’s highly sought-after Northwest Industrial submarket. JLL marketed the property along with NAI Partners on behalf of the seller, United Equities,...
  • Ingram Park

    Franklin Street Closes $8.2 Million Multifamily Asset Sale in Miami-Dade MSA

    January 8, 2020 – Franklin Street has negotiated the sale of Ingram Park Apartments, a 118-unit rental community located at 14255 – 14460 NW 22nd Avenue in Opa-Locka, Fla., approximately 20 minutes northwest of Miami. Hernando Perez, Joe Rubin and Oscar Banegas of Franklin Street’s multifamily investment sales team...
  • ATI Physical Therapy

    Avison Young awarded 134K SF office building sale listing in suburban Chicago

    January 8, 2019 – Avison Young has been awarded the exclusive disposition assignment for a fully-leased, 134,697-square-foot (sf) corporate office building in the Chicago suburb of Bolingbrook, IL. The building is 100% leased on a long-term basis to ATI Physical Therapy, a leading U.S. outpatient healthcare provider with 887...
  • Wilmington

    Five-Portfolio 26-Property Multifamily Sale Underway in Los Angeles

    January 8, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of two of five portfolios in the Armor Portfolios, a 26-property, 642-unit collection of multifamily assets in Los Angeles with...
  • Umbrella Factory Brooklyn

    JLL Arranges $63.6M Refinancing for The Umbrella Factory in Brooklyn

    January 7, 2020 – JLL Capital Markets arranged a $63.6 million loan to refinance The Umbrella Factory at 722 Metropolitan Avenue, a mixed-use condominium and retail development in the Williamsburg neighborhood of Brooklyn, New York. The group worked on behalf of Local Capital Group LLC and SL Development LLC...
  • The Groves

    Cushman & Wakefield Arranges the Sale of The Groves for $18.5 Million

    January 7, 2020 – Cushman & Wakefield completed the sale of The Groves, a Walmart shadow anchored shopping center located in Tempe, Ariz. Jabbel Holdings, LLC purchased the property for $18.5 million. Michael Hackett and Ryan Schubert of Cushman & Wakefield’s Phoenix office negotiated the transaction on behalf of...
  • 4142 Cahuenga

    Lee & Associates-LA North/Ventura Transacts 10-Unit Multifamily Sale

    January  6, 2020 – A 10-unit multifamily property, Colonial Manor Apartments, at 4142-4152 Cahuenga Blvd. in the Toluca Lake submarket of Los Angeles has traded for $3,615,000, nearly half a million dollars above list price, according to Warren Berzack, a principal of Lee & Associates-LA North/Ventura, who represented the...
  • Arco

    Cushman & Wakefield Sells Three Properties for $8.87 Million

    January 2, 2020 – Chris Hollenbeck and Shane Carter of Cushman & Wakefield completed the sale of three single-tenant NNN properties in Arizona for a total of $8.878 million this past week. The three properties, Wilhelm Automotive, Big O Tires and ARCO, total 14,819 square feet (sf) and were...
  • Meridian Concourse Center

    Avison Young closes $15.4M sale of Meridian Concourse Center in Clearwater, Florida

    January 2, 2019 — Avison Young negotiated the $15,382,000 sale of Meridian Concourse Center, a value-add portfolio comprised of three single-story garden office/service center buildings totaling 150,633 square feet at 4400, 4600, & 4800 104th Ave. North, Clearwater, Florida. Avison Young Principal Tim Callahan, Vice President Allen Henderson, and...
  • Wawa Fort Lauderdale

    JLL closes $7.28M sale of Fort Lauderdale Wawa

    January 2, 2020 – JLL Capital Markets announced today that it has closed the $7.28 million sale of a 1.7-acre, single-tenant parcel that is ground leased to Wawa in Fort Lauderdale, Florida. JLL marketed the property on behalf of the seller, Northbridge Investment Management. Promociones 96 Inc purchased the...
  • County Center Drive Temecula

    Avison Young completes $9.35 million sale of a 102,320-SF industrial building in Temecula, CA

    January 2, 2020 – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has completed the $9.35 million sale of a 102,320-square-foot (sf) industrial distribution/warehouse building located at 40761 County Center Drive in Temecula, CA (southwest Riverside County). Avison Young Principal Stan Nowak and...
  • Bloomington-Logistics-Center

    Bloomington Logistics Center Sells for $100.5M in Inland Empire

    December 20, 2019 – JLL announced that it has closed the $100.5 million sale of Bloomington Logistics Center, a 677,383-square-foot, fully leased, state-of-the-art, cross-dock warehouse/distribution building in the Inland Empire community of Bloomington, California. JLL marketed the property on behalf of the seller, Crow Holdings Industrial (CHI), the industrial...
  • Colliers International Closes Back-to-Back Commercial Condo Sales in the Towers at Bressi Ranch

    December 27, 2019– Colliers International San Diego Region announces back-to-back sales of two commercial condominiums in North San Diego County’s Carlsbad for a total value of $1,944,000. The two properties are located at 6106 and 6142 Innovation Way, Carlsbad, CA in the Towers at Bressi Ranch at the Bressi...
  • Barker Block Costa Mesa

    Cityview Sells Costa Mesa Multifamily Property for Record-Setting Price

    December 19, 2019 – Cityview, a premier investment management and development firm dedicated to redefining urban living, today announced the sale of Baker Block, a 240-unit multifamily property in Costa Mesa. The apartment community, which completed ground-up construction in 2018, was sold to Baker Block Associates, LP for $113.5...
  • Camden South Bay

    Berkadia Arranges the Sale and Financing of 270-unit Apartment Community in Corpus Christi, Texas

    December 23, 2019 – Berkadia announces it has arranged the sale and financing of Camden South Bay, a 270-unit multifamily community located in Corpus Christi, Texas. Senior Managing Director Ryan Epstein, Director Jennifer Ray and Associate Director Scott Bray of Berkadia’s Houston office represented the seller, Fund South Bay....
  • Rocky Point

    Cushman & Wakefield Brokers Sale of Brand New 226,700 SF Class A Industrial Facility in San Diego

    December 23, 2019 – Cushman & Wakefield today announced the firm has brokered the sale of Rocky Point Distribution Center, a brand new 226,691-square-foot Class A, multi-tenant industrial facility in Oceanside (San Diego), California. The buyer was EastGroup Properties headquartered in Jackson, Mississippi. The seller was Black Creek Group...
  • East Highland Apartments

    East Highland Apartments in Seattle’s Capitol Hill Neighborhood Trades for $5.6M

    December 23, 2019— Seattle multifamily investment team, led by Dylan Simon and Jerrid Anderson of Kidder Mathews, closed the sale of the East Highland Apartments on Friday, December 20, 2019. The property, located in the vibrant north end of Capitol Hill in Seattle, sold for $5,600,000, or $467,000 per...
  • Hilltop Mobile Home

    Hilltop Mobile Home Park Property Sold for $8.6 Million in Encinitas

    December 20, 2019— Colliers International San Diego Region announces the sale of Hilltop Mobile Home Park, a 22-space mobile home park property located on a 1.14-acre parcel in North San Diego County, for $8,600,000. The property is located at 155 West Jason Street, Encinitas, CA. Ciara Trujillo of Colliers...
  • 1844 Robin Lane

    Pinza Group Sells 11 Units in Concord for $3.075MM

    December 19, 2019 – The Pinza Group, the leading East Bay Multifamily Sales Brokerage and 2019’s Top Multifamily Sales Brokerage in the East Bay according to CoStar, has announced the sale of an 11-unit multifamily property located at 1844 Robin Ln in Concord, CA. Steven Pinza, Esq represented the...
  • Gravois Place

    Fully Leased St. Louis-Area Neighborhood Retail Center Sold

    December 19, 2019 – JLL announced today that it has closed the sale of Gravois Place, an 86,931-square-foot, fully leased Gold’s Gym-anchored retail center in the suburban St. Louis community of Fenton, Missouri. JLL marketed the property on behalf of the seller, RBR Real Estate Holdings, LLC. Mark Sher,...
  • 17708 Rowland

    Newegg Completes $38.5M Sale-Leaseback of Industrial Property

    December 18, 2019 – JLL announced today that it has closed the $38.5 million sale-leaseback of 17708 Rowland Street, a 181,730-square-foot industrial warehouse property in an infill location near Los Angeles in the City of Industry, California. JLL marketed the property on behalf of the seller, Newegg Inc., a...
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