Deals
China-Based Investor Buys Retail in Colton, CA
Evergreen Devco has sold the newly constructed asset for $8.9 million. The sale closed with market-leading pricing for the Colton submarket, at a 5.5 percent cap rate.
Pacific Hospitality Sheds Disneyland-Area Hotel
The 376-key Wyndham Anaheim Garden Grove’s new owner plans to extensively renovate and reposition the asset under the Delta by Marriott flag.
Tulfra Sells NJ Industrial Portfolio
NKF Capital Markets represented Tulfra in disposing four single-tenant, net-leased properties at 100 percent interest.
Phoenix-Area Office Building Welcomes 30 KSF Tenant
GrubHub will open its fourth location, in Chander. San Tan Tech Center was constructed in 1981 and underwent renovations less than a decade ago.
GBT Realty Lands 3rd Shopping Center in 6 Months
The company’s Capital Holdings division purchased Overlook Village, a 153,820-square-foot commercial property in Asheville, N.C. KIMCO Realty sold the asset for $25.5 million.
PCCP, Capital Partners Acquire Minnesota Industrial Portfolio
The portfolio consists of properties located within infill locations near freeways throughout the metro. The buildings are a mix of bulk warehouse, light industrial and flex product types.
SekureID Expands FL Footprint
The new space houses offices for sales, marketing, account management and technical support as well as industrial suites for warehousing, engineering, logistics and distribution.
CapitaLand Sells $1.3B Mall Portfolio in China
The Singapore-based real estate company will sell the collection, which totals roughly 8.6 million square feet, to China Vanke Co. The transaction is expected to close later this year.
NKF Arranges Sale of Best-in-Class MA Asset
Middlesex Marketplace is a best-in-class retail property situated along an important retail corridor in the western suburbs of Boston, comprising nearly 40,000 square feet.
NAI Negotiates Downtown Houston Sublease
The team of Lane Morgan and Dan Boyles negotiated the new lease at Fulbright Tower, a LEED Gold certified office tower within the mixed-use Houston Center.