Deals
Matthews Brokers Sale of OC La-Z-Boy
The nearly 20,000-square-foot, single-tenant retail asset was sold at the full asking price to a buyer involved in a 1031 exchange.
Liquidation of New York REIT Accelerates
In a $520 million deal, the company sold 1440 Broadway, a LEED Gold-certified office building in Manhattan, to CIM Group. The transaction is accompanied by plans to sell three more buildings, soon after the announcement of yet another disposition, as the company winds down.
Greater-LA Office Building Commands $117M
Olive Hill Group is the new owner of 520 Broadway, a rare Class A asset situated in an extremely supply-constrained area of downtown Santa Monica, where demand and rents will continue to rise over the next several years.
Terreno Nabs 8 CA Industrial Buildings for $28M
The 152,000-square-foot industrial property, containing both distribution and flex buildings, sits near Interstate 105, within 15 miles of downtown Los Angeles.
C&W Arranges Sale of AZ Retail Center
Sarofim Realty Advisors acquired The Plant, a nearly 57,000-square-foot shopping center in suburban Phoenix, from Common Bond Development Group. The property changed hands for $25.8 million.
INAP Signs 80 KSF Master Lease in ATL
The new master-lease will allow INAP to consolidate its tenants and employees from the other two locations it occupies in the Atlanta metro.
Bixby Acquires Phoenix Industrial Facility for $10M
Built in 1998, West 10 Business Center is fully-leased to three tenants. The distribution facility is located at 4703 W. Brill St., with direct frontage along Interstate 10.
Montecito Medical Acquires VA Medical Campus
The Clearfield Portfolio comprises two attached buildings totaling 86,377 square feet. Both structures are 100 percent leased to tenants providing urology services.
Paramount Executes 100 KSF Manhattan Office Lease
A software company will occupy two floors of Paramount’s 48-story office building, bringing the property’s leased occupancy rate to more than 95 percent.
NAI Facilitates $7M Industrial Sale in GA
The 12-building business park was constructed between 1985 and 1988. Upon closing, the property was 43 percent leased to multiple tenants.