Investment
SoCal Community Reopens Following $10M Renovation
Decron Properties’ Reserve at Chino Hills includes 32 two-story buildings and 440 units. The company purchased the property in July of 2014 for $82.3 million.
WNC Shopping Center Changes Hands for $33M
EDENS has sold the Whole Foods-anchored, 130,000-square-foot Asheville Market, located in Western North Carolina’s largest city.
HFF Secures $32M Financing for NYC Industrial Asset
Upon completion, the John F. Kennedy International Airport-area property will bring 300,000 square feet to Queens, offering easy access to the Port of New York and New Jersey.
SkyWalker Property Closes First Houston Office Buy
The new owner purchased One Northwind Plaza from Aegon USA Realty Advisors and revealed plans to invest $1 million in capital improvements.
TSG Group’s New Platform Buys Downtown Indy Tower
Black Salmon, the company’s recently launched CRE investment vehicle, has acquired BMO Plaza, a 444,644-square-foot, 28-story Class A office building in Indianapolis’ central business district.
CRE Deal Volume Drops in Q4
Deal activity slowed in the last quarter of 2017, as investors waited to see if tax reform would pass in 2018. According to the most recent Ten-X Commercial report, they may also have been worried about whether the U.S. economic expansion, which is approaching the second longest expansion period in the nation’s history, would continue.
CBRE Arranges 199 KSF Plano Office Property Trade
With the assistance of the commercial real estate services firm, Alexander & Baldwin sold the suburban Dallas complex at 1800 & 1820 Preston Park to Libitzky Property Cos. and Sunwest Real Estate Group.
NAI Hanson Completes Sale of NJ Flex Property
T&M Realty Associates purchased the 2,800-square-foot, mixed-use building in Hackensack from Voorhis Associates. The deal included 0.3 acres of land.
Jernigan Invests $83M in Miami Self-Storage Portfolio
The portfolio includes five Generation V self-storage facilities developed by Miami City Self-Storage. CubeSmart is the manager of each property.
JV to Transform LA Mall into Office Property
Hudson Pacific Properties and Macerich will redevelop 500,000 square feet of Westside Pavilion into creative office space, reserving 100,000 square feet for its existing entertainment retail space.