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Commercial Real Estate from Coast to Coast
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Latest posts
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Walker & Dunlop Arranges $117.3M Refinancing of Texas Apartment Portfolio
GEORGETOWN, LEANDER AND AUBREY, TEXAS — Walker & Dunlop has arranged the $117.3 million refinancing across multiple loans for a portfolio of three apartment communities totaling 960 units in Texas. Two of the properties — the 312-unit Austin Avenue and the 312-unit Aven Ridge —…
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Freehill Breaks Ground on 809,220 SF Build-to-Suit Industrial Project in Northwest Houston
HOUSTON — Austin-based developer Freehill Co. has broken ground on an 809,220-square-foot industrial project in northwest Houston. The project, which represents Phase I of a larger development known as Fairbanks Landing, is a build-to-suit for Power Electronics, a manufacturer…
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Newmark Arranges $130M Sale of NorthBay Healthcare Portfolio in Northern California
FAIRFIELD AND VACAVILLE, CALIF. — Newmark has brokered the sale of NorthBay Health Medical Outpatient Building Collection in Northern California’s Solano County. Totaling 222,073 square feet, the six fully leased healthcare buildings are located in Fairfield and Vacaville,…
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Colliers Secures $8.5M Sale of Industrial Building in Denver
DENVER — Colliers Denver Investment Services Group has arranged the sale of 4001 Holly Street, a multi-tenant industrial building on 2.5 acres in Denver’s North Central submarket. DMS Real Estate sold the asset to Watumull Properties Corp. for $8.5 million. T.J. Smith, Nick Rice…
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Levey Group to Develop 445,750 SF Industrial Project in Northeast Houston
HOUSTON — Levey Group will develop a 445,750-square-foot industrial project in northeast Houston that will be known as Levey East Belt. The locally based owner-operator has assembled 30 acres at the intersection of Beltway 8 and Tidwell Road with plans to construct a…
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Pacific Coast Commercial Brokers Sale of 30,887 SF Office Building in San Diego
SAN DIEGO — Pacific Coast Commercial has arranged the sale of an office property located at 2831 Camino del Rio S in San Diego. An entity doing business as Camino Del Rio South LLC sold the asset to 2381 Camino Del Rio South LLC for $6.2 million. Tommas Golia, Jason Vieira and…
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Progressive Negotiates $6M Sale of Retail Center in Rancho Cucamonga, California
RANCHO CUCAMONGA, CALIF. — Progressive Real Estate Partners has negotiated the $6 million sale of Allmark Plaza, a 16,926-square-foot retail center located in Rancho Cucamonga. Built in 1986, Allmark Plaza was fully leased at the time of sale to tenants including Domino’s Pizza,…
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Marcus & Millichap Brokers Sale of 73-Room Hotel in Humble, Texas
HUMBLE, TEXAS — Marcus & Millichap has brokered the sale of a 73-room Hampton Inn & Suites hotel in Humble, a northern suburb of Houston. The hotel was in 2016 and offers amenities such as an outdoor pool, fitness center, meeting rooms and a breakfast area. Rajan Patel, Skyler…
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Cushman & Wakefield Brokers $109.5M Sale of Northern New Jersey Shopping Center
WOODCLIFF LAKE, N.J. — Cushman & Wakefield has brokered the $109.5 million sale of Tice’s Corner, a lifestyle shopping center located in the Northern New Jersey community of Woodcliff Lake. The square footage was not disclosed, but according to the brokerage team, the sale…
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Cronheim Mortgage Arranges $70M Acquisition Loan for Long Island Shopping Center
COMMACK, N.Y. — New Jersey-based intermediary Cronheim Mortgage has arranged a $70 million acquisition loan for the 221,000-square-foot Mayfair Shopping Center in Commack, located on Long Island. Built in 1958, the center was 99 percent leased at the time of sale. Lidl, Planet…
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Partnership Acquires Student Housing Property in Manhattan’s East Village for $28M
NEW YORK CITY — A partnership between California-based private equity firm Hawkins Way Capital and global investment firm Värde Partners has acquired a student housing property in Manhattan’s East Village for $28 million. According to StreetEasy, the building at 81 E. Third St.…
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JLL Brokers $23.5M Sale of Mixed-Use Development Site in Brooklyn
NEW YORK CITY — JLL has brokered the $23.5 million sale of a mixed-use development site in Brooklyn. The 26,730-square-foot site at 1150 Broadway is located at the nexus of the borough’s Bedford-Stuyvesant and Bushwick neighborhoods and is zoned for the development of…
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Howard University, Developers Break Ground on 11-Story Multifamily Development in D.C.
WASHINGTON, D.C. — Howard University and a development team comprising Lowe, Affinius Capital, FLGA and Davenport Group have broken ground on The Hazel, an 11-story multifamily building in Washington, D.C.’s Shaw district. Situated on the grounds of Howard University’s former…
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High Street Delivers 370-Unit Apartment Community in Apex, North Carolina
APEX, N.C. — High Street Residential, the residential subsidiary of Trammell Crow Co., has delivered The Henley, a 370-unit apartment community located at 1211 Chapel Ridge Road in Apex, a suburb of Raleigh. The 22-acre property offers a mix of studio, one-, two- and…
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City of Coral Gables Acquires Downtown Medical Office Building from ShareMD for $24M
CORAL GABLES, FLA. — The City of Coral Gables has purchased a medical office building located at 475–495 Biltmore Way in the city’s downtown district for $24 million. ShareMD sold the 53,029-square-foot property, which shares a city block with Coral Gables City Hall and the…
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Colliers Negotiates $14M Sale of Shopping Center in Gulf Breeze, Florida
GULF BREEZE, FLA. — Colliers has negotiated the $14 million sale of Live Oak Village, a 107,065-square-foot shopping center located at 1151 Gulf Breeze Parkway in Gulf Breeze, a beach town in Florida’s Panhandle. Brad Peterson and Whitaker Leonhardt of Colliers represented the…
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Eastham Capital, Bender Cos. Acquire 204-Unit Multifamily Community in Omaha
OMAHA, NEB. — Eastham Capital and Bender Cos. have acquired Village at Grant Square Apartments, a 204-unit community in Omaha. South Florida-based Eastham utilized its fund, Eastham Capital Fund VII LP. To date, Eastham and Bender have co-invested in 16 projects. Village at…
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Marcus & Millichap Brokers Sale of 164-Room Radisson RED Hotel in Minneapolis
MINNEAPOLIS — Marcus & Millichap has brokered the sale of Radisson RED, a 164-room hotel in the Mill District of Minneapolis. Joseph Ferguson, Jon Ruzicka, Reed Gizinski and Brock Banken of Marcus & Millichap represented the seller, Choice Hotels International Inc. Ferguson…
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Kraus-Anderson Completes Conversion of Wisconsin Hotel into 146 Affordable Housing Units
WAUWATOSA, WIS. — Kraus-Anderson has completed Waterfair Apartments in the Wauwatosa Research Park District. Designed by Continuum Architects + Planners, the 124,072-square-foot renovation and adaptive reuse project converted an eight-story, 198-room hotel and convention space…
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CBRE Arranges $8M Sale of Flex Industrial Property in Southwest Ohio
WEST CHESTER, OHIO — CBRE has arranged the $8 million sale of Liberty Office Park, a 76,501-square-foot flex industrial property in West Chester. Boulder Properties LLC purchased the asset from Wang Brothers Investments LLC. CBRE’s Will Roberts, Steve Timmel and Beau Nimer…