JLL has closed the sale of 4004 Kruse Way Place, a 59,865-square-foot medical outpatient building repositioning in Lake Oswego, Oregon. JLL represented the seller, Shorenstein, and procured the buyer, a joint venture between Evergreen Medical Properties and Bain Capital’s real estate…
Marcus & Millichap closed the sale of North County Oral & Facial Surgery Center, an 11,400-square-foot single-tenant net-leased medical/surgery office located at 839 E. Grand Ave. in Escondido. The asset sold for $6,150,000. “The property was held in a partnership, and they…
Cap rates in the net lease sector continued to rise in the third quarter of 2024, albeit slightly, net lease brokerage The Boulder Group reported. The overall rise was three basis points quarter-over-quarter, with the average cap rate coming in…
GBT has spun off the 201-unit Parke West apartment tower for $72.5 million, nearly $350,000 a unit. Elmington Residential was the buyer. GBT developed the 17-story tower near the intersection of Murphy Road and West End Avenue, which opened in 2022. The…
Woodmont Industrial Partners has fully leased 2 Terminal Rd. in Lyndhurst, NJ. The tenant, Nemo Tile, LLC, will occupy the 30,046-square-foot warehouse and distribution facility, located at the intersection of Routes 3 and 17, on a 65-month term. Lee & Associates’…
A joint venture of Harbor Associates, LLC and F&F Capital Group has acquired Highlands Corporate Center, a Class A 211,000-square-foot, five-building multi-tenant office campus in San Diego. Deal terms were not disclosed. Located at 12730-1278 High Bluff Dr. in Del Mar…
Cosm is difficult to explain in words. During a screening of the Sept. 28 Louisville-Notre Dame college football game, fans throughout the three-tiered stadium seating at Cosm Dallas FaceTimed with friends and family to offer a glimpse of the spectacle,…
Drawbridge Realty has acquired 2220 Colorado Ave., a 225,773-square-foot headquarters building in Santa Monica’s Silicon Beach neighborhood, for a reported $185 million. The building is 100% triple-net leased to Universal Music Group (UMG) as its operational headquarters. “This is a…
Numerous professional sports teams have developed sports and entertainment districts adjacent to where the teams play. Now, a major college hopes to imitate the success of those developments. Carter and Front Street Capital, in partnership with the City of Winston-Salem…
Driven by the retail sector, the Trepp CMBS Delinquency Rate continued its uphill climb in September 2024, rising 26 basis points to 5.70%. Although most of the major property types contributed to the rise in the overall rate, retail contributed to about…
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