CBRE Arranges $10.95 Million All-Cash Sale of 67-Unit Mountain View Apartments in San Bernardino
•CBRE
Pacific Coast CRE News
Commercial Real Estate News
SRS Real Estate Partners Brokers $5.24M Sale of New Caliber Collision Property in Chula Vista
•SRS Real Estate Partners
SRS Real Estate Partners Closes $6.2 Million Las Vegas Ross Dress for Less Sale
•SRS Real Estate Partners
TruAmerica Multifamily Acquires 384-Unit The Grove Somerset From Harbor Group in Off-Market Deal
•TruAmerica Multifamily
JLL Arranges $33.9M Sale of Kurv Industrial's Bridge Point Tacoma 210 Distribution Center
•JLL
Stagecoach Capital Acquires 246-Unit Wyndham Lakes Senior Housing Community in Jacksonville for $30.94M
•Berkadia
Breakthrough Properties Pays $78M for Everett Biomanufacturing Facility in Dermody Deal
•Breakthrough Properties
Property TransactionsMultifamilyStudent Housing
Colliers Brokers $8.5 Million Westwood Multifamily Sale to UCLA Housing Group for Student Housing Conversion
Colliers facilitated the $8.5 million sale of a co-living property at 1775 Beloit Avenue in West Los Angeles to UCLA Housing Group, which plans to convert the asset into student housing. Colliers Vice Chair Kitty Wallace represented both buyer and seller in the transaction, which closed through a court-appointed receivership process.
•Colliers
Financing
Strathcona Capital and Belay Investment Group Close $32.7 Million Construction Loan for 105-Unit Seattle Multifamily Project
Strathcona Capital and Belay Investment Group have closed a $32.7 million senior construction loan for 1 Fremont, a 105-unit mixed-use multifamily project in Seattle's Fremont Village neighborhood. The deal also marks the launch of a programmatic joint venture between the two firms targeting construction and bridge financing opportunities across the United States.
•MultifamilyMixed UseRetail
Property TransactionsHospitality
Sixth Street Acquires Pier House Resort & Spa in Key West for $190 Million
Sixth Street, in partnership with Riller Capital, has acquired the Pier House Resort & Spa in Key West, Florida, from Braemar Hotels & Resorts for $190 million. The deal, financed by Starwood Property Trust, values the 142-room oceanfront resort at approximately $1.34 million per room.
•Sixth Street
Property TransactionsMultifamilyWorkforce
CBRE Arranges $52.4 Million Sale of Avia 266 in Mesa, Arizona for Geringer Capital
CBRE arranged the $52.4 million sale of Avia 266, a 267-unit garden-style multifamily community in Mesa, Arizona, with Matt Pesch, Asher Gunter and Austin Groen representing seller Geringer Capital. San Diego-based ColRich acquired the property, which will be renamed The Remy, assuming an existing HUD loan as part of the transaction.
•CBRE
More News
Property TransactionsIndustrial
Blue Rise Ventures and DRA Advisors Acquire 1.9M-SF Sacramento Industrial Portfolio in Largest Deal Since 2017
Blue Rise Ventures and equity partner DRA Advisors have acquired North Market Industrial Park, a 28-building, 1.9 million-square-foot industrial portfolio in Sacramento's Natomas submarket. Colliers facilitated the sale and has been awarded the exclusive leasing assignment for 25 of the 28 buildings.
•Colliers
Property TransactionsIndustrial
TPG, Redfearn Capital and Partners Pay $628M for 53-Building Industrial Portfolio Across Seven States
A joint venture led by TPG and including Redfearn Capital, Atlanta Property Group and Matterhorn Venture Partners has acquired a 53-building, 5.4 million-square-foot industrial portfolio from DRA Advisors for $628 million. The deal, the largest to date between TPG and Redfearn Capital, spans seven states with roughly 75 percent of assets concentrated in Southeast markets.
•Redfearn Capital