General Services Corp. paid $88.2 million for a 322-unit apartment complex in West Nashville, which is just over $270,000 a unit. Cortland Partners was the seller. It paid $69.95 million for the property in 2017. The Cortland Bellevue apartments are…
Passive Investing has unloaded a 232-unit Lake Norman apartment complex for $55 million. Inwood Holdings was the buyer. Built in 2014, the apartment complex is situated near the shores of Lake Norman, North Carolina’s largest man-made body of fresh water,…
Hanley Investment Group Real Estate Advisors arranged the pre-sale of a new property leased to Chipotle Mexican Grill with a drive-thru “Chipotlane” at Anatolia Marketplace shopping center in Rancho Cordova, , an affluent suburb of Sacramento. The absolute NNN ground…
ScanlanKemperBard (SKB) plans to spend more on renovating a recently purchased manufacturing facility than what the company paid for the building. Commercial Edge reports SKB bought the building halfway between Denver and Boulder for $17 million but plans to spend…
Newmark has arranged the sale of 90 Mountain View I, a three-story, 91,082 square-foot, Class A office and medical office project located at 9977 North 90th Street in Scottsdale. The asset sold for $11 million. Newmark Executive Managing Directors Barry Gabel,…
JLL Capital Markets completed the sale of 450 4th Ave., a nearly 37,000-square-foot medical outpatient building in Chula Vista. The firm’s Medical Properties Group represented the seller, Turner Impact Capital, and procured the buyer, Cypress West Partners in a joint venture with TPG Angelo…
Hanley Investment Group Real Estate Advisors and Oaks Commercial Real Estate arranged the sale of a single-tenant property occupied by a McDonald’s Drive-Thru in Fountain Valley. The sale price was $3.85 million for the absolute triple-net ground lease at a 3.55%…
Mapletree Investments has sold The Cottages of Boone, an 894-bed student housing community two miles from Appalachian State, in Boone, N.C. Timberline Real Estate Ventures acquired the asset for $91 million and took out a $79.4 million loan originated by…
The investor duo of Redfearn Capital and TPG Angelo Gordon acquired a Jacksonville industrial portfolio for $47.8 million. Somerset Properties and CenterSquare Investment Management sold the eight buildings in the grouping which added up to 380,000 square feet. CBRE negotiated…
CBRE arranged the $4.9-million sale of a 8,450-square-foot multifamily development site in the Century City submarket of West Los Angeles to 416 Development Group, LLC, which will utilize Fox Hills Development Group, LLC as the development entity. Laurie Lustig-Bower and Kamran Paydar with CBRE’s Los Angeles…
End of content
End of content
