Deals
CBRE Buys Software Company
The company has acquired Mainstream, which provides technology solutions for tenant work requests, maintenance scheduling and analytics that support administrative work.
San Diego Retail Condo Trades for Record Price
Colliers brokered the sale of the 3,517-square-foot retail condominium in La Jolla, Calif., purchased by the Cove Equity Group LLC.
McSam Hotel Group Grabs 292 Fifth Ave. Raw Gem
Developer and businessman Sam Chang acquired a vacant Manhattan site in a $42.4 million all-cash sale. Cushman & Wakefield arranged the long-anticipated escrow.
Hilco Real Estate to Market Bank-Owned Portfolio
The asking price for the 10 assets is approximately $8.9 million. Seven properties are located throughout the Chicagoland area, while the remaining three are in Northwest Indiana.
Kendall Pointe Sold in $17M Deal
Northbridge Investment Management Inc. purchased the commercial property from Orion Real Estate Group.
CBRE Arranges Construction Loan for Florida Retail Center
The company secured financing on behalf of Gertz Builders and Developers Inc., with Branch Banking & Trust providing the $16 million loan.
HFF Arranges Sale of Ft. Lauderdale Financial Center
The company marketed the five-story office building on behalf of the seller, Clarion Partners, also procuring the buyer. Additionally, the firm secured acquisition financing.
1776 On The Green Trades for $33M
Vision Real Estate purchased 1776 On The Green from Deutsche Asset Management in a $33 million transaction and plans on modernizing the office building.
Santa Clarita Shopping Center Trades for $70M
The 153,686-square-foot center, which is 95 percent occupied, traded in an off-market transaction brokered by Colliers International.
NGKF Closes Sale of LA-Area Office Campus
The four buildings comprise a total of 394,524 square feet of Class A space and are 95 percent occupied.