KKR and Blackstone Real Estate Income Trust said Thursday that KKR-managed funds would acquire a portfolio of 19 purpose-built student housing properties from BREIT for approximately $1.64 billion. BREIT acquired the portfolio in 2018 for $1.2 billion in a joint…
CBRE arranged the $7.8-million sale of Main Street Village Center, a 20,000-square-foot-retail center located at 135, 175, and 265 E. Ontario Ave. in Corona. The firm’s Alan Krueger and Vanessa Haddad represented the all-cash, non-trade buyer, Pacific Petroleum, Inc., as well…
CIM Group said Friday it had sold Mason at Van Dorn, a 1,180-unit apartment community in Alexandria, VA. The Washington Business Journal reported the sale to a partnership of Shoreham Capital and Bridge Investment Group Holdings at $225 million. CIM…
Marcus & Millichap closed the sale of 1423-1427 E. 14th St., a 6,603-square-foot retail property located in San Leandro. The asset sold for $2,950,000. Quentin Caruso, senior associate, and Vince Schwab, executive managing director investments in Marcus & Millichap’s San Francisco office, marketed…
Hanley Investment Group Real Estate Advisors and Progressive Real Estate Partner arranged the sale of a newly constructed, single-tenant property occupied by Chase Bank with a drive-thru ATM in Bakersfield. The purchase price was $2.93 million for the absolute triple-net ground…
Marcus & Millichap arranged the sale of Centre City Plaza, a 14,260-square-foot multi-tenant retail property located in Escondido. The asset sold for $3,950,000. “The property was on the market for 30 days and received six offers,” said Nick Totah, SVP investments for…
El Segundo-based Beta Agency has completed the sale of a Rally’s fast-food restaurant in Porterville. Adam Friedlander, SVP of Beta, represented both the seller and buyer of the 30,056-square-foot property located at 1230 W. Henderson Ave. The sale price was…
AEW Capital Management bought Three Water Ridge in Charlotte for $35 million in 2016. They recently sold the 107,545-square-foot asset to Perkins Fund for $15 million. Three Water Ridge, was fully occupied by Walmart at the time of sale; the…
Cushman & Wakefield has arranged the $29.6-million sale of Greenwood at Ashley River, a 280-unit apartment community in North Charleston, SC. Jordan McCarley, Marc Robinson and Tai Cohen of Cushman & Wakefield represented the seller, The RADCO Cos., in the…
JLL has arranged the $59 million sale of Northside Center, a 15-building light industrial and office portfolio in the Raleigh-Durham metro. Located on more than 33 acres, the 548,560-square-foot portfolio is adjacent to Interstate 440 and offers tenants easy access…
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