Deals
CBRE Brokers $63M Industrial Deal in Pennsylvania
Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki assisted the seller, a partnership between Dermody Properties and PCCP.
3650 REIT Originates $36M Loan for LA-Area MHC Acquisition
A joint venture of Dugally Oberfeld Capital Partners and Fabulous Five will operate the asset as a detached multifamily rental community.
MBRE Healthcare Pays $34M for Colorado Asset
The three-building, 149,428-square-foot medical office campus in Colorado Springs last traded in 2014.
Monroe & Giordano Arranges Financing for New Mexico MHC
The $16.5 million loan was used to refinance the mortgage on the age–restricted Trails West community in Las Cruces.
CBRE Arranges Sale of Miami Storage Asset
Tom O’Loughlin, Larry Genet and Jake Zebede assisted both parties in the transaction.
Crow Holdings Pockets $164M for Central New Jersey Warehouse
The sale of a new 925,000-square-foot facility in Franklin Township marks one of the nation’s largest single-asset industrial trades during the pandemic.
Allianz Real Estate Expands in Italy With $225M Buy
The company is acquiring a prime office asset in Rome’s central business district in a deal slated to close this summer.
Black Creek Acquires Salt Lake City Industrial Asset
The company purchased Legacy Logistics Center Building II, a 383,000-square-foot property that’s fully leased to an e-commerce provider.
Manhattan Coworking Building Changes Hands
As part of the deal, the buyer assumed a $35 million loan Arbor Realty Trust had provided in 2018.
Lincoln Property JV Sells Converted Brooklyn Asset for $44M
The buyer of the 125,000-square-foot office building assumed the outstanding balance of a mortgage from LoanCore.