Deals
Marcus & Millichap Arranges Sale of Minneapolis Restaurant
The company represented both the seller and the buyer in the transaction. The more than 5,000-square-foot property is located near major employers such as Best Buy, Starbucks, Target and The UPS Store.
CIM Group Closes LA Hotel Sale
The sale comes after the recent disposition of the adjacent 8500 Sunset residential complex.
Real Properties Sells SC Power Center for $22M
Built in 2001, the 140,000-square-foot Low Country Village was 100 percent occupied at the time of sale by 14 tenants.
Historic Baltimore Mixed-Use Asset Changes Hands
Clipper Mill comprises approximately 141,000 square feet of former mill buildings that were converted into Class A apartments, creative office and artisan space.
AY Tapped to Market Northern Virginia MOB Campus
A five-person team specializing in health-care investments is charged with orchestrating the sale of the 119,800-square-foot trophy medical office building.
Manhattan Retail Condo Commands $25M
Rubie’s Costume Co. purchased the 26,401-square-foot space that is currently fully occupied by New York City’s largest costume store. The sale included an additional $12.5 million loan assumption.
NJ Office Asset Sells in $17M Deal
On behalf of U.S. bank, special servicer CWCapital Asset Management disposed of the 281,762-square-foot property within the 280 Corporate Center Business Park in Roseland, N.J. Several CBRE teams helped broker the transaction.
Starwood Capital Nabs West Hollywood Hotel
The new 286-key property will ultimately be renamed 1 West Hollywood and become the fourth property in the chain’s award-winning, eco-conscious, luxury sustainable brand.
Transwestern, Mirae, State Farm Close ATL Sale-Leaseback
The building is Park Center I, a 13-story, LEED-certified office tower with ground-floor retail and seven levels of parking. The deal falls in line with the partnership’s investment strategy to achieve stable, long-term cash flow for its clients.
Center Core Buys Chicago-Area Office Campus
HFF closed on the transaction of Corporetum Office Campus VI, a two-building asset located West of Chicago in Lisle, Ill. It also secured a financing loan of $9.5 million for the buyer.