Asana Partners has paid $25.7 million, or $653.38/sf, for Westport Plaza & Square, a 39,334-square-foot retail center in Costa Mesa, Calif. The Charlotte, N.C., investment manager purchased the property from Space Investment Partners of Corona del Mar, Calif., which acquired [...]
Orion Real Estate Group has paid $63.5 million, or nearly $138/sf, for the 460,565-square-foot Posner Commons retail center in the Orlando, Fla., suburb of Davenport, Fla. The Miami investment manager bought the property, at the intersection of Interstate 4 and [...]
Commercial Property Executive Skywalker Property Partners has bought The Crossings I office building in Dallas for an undisclosed price. Goddard Investment Group of Atlanta sold the 232,541-square-foot property in a deal brokered by Cushman & Wakefield and JLL. The purchase price [...]
Seattle's office sector continues to struggle, with the city's overall vacancy rate climbing to 33% at the end of March from the 28.7% reported a year ago. The city's weakness is reflected in CMBS, where one-third of loans against Seattle [...]
Commercial Real Estate Direct Staff Report Grosvenor has sold the 300-unit Union Park apartment property in Seattle for $27.92 million, or $93,066/unit. The London firm sold it to a Spokane, Wash., investor group in a deal arranged by Kidder Mathews. [...]
The Mercury News Hall Equities Group has paid $111 million, or $207.09/sf, for Ygnacio Center, a 536,000-square-foot office property in Walnut Creek, Calif. The local investment manager purchased the property from a venture of Hines Interests of Houston and Oaktree [...]
South Florida Business Journal Simi Capital Group has bought the 60,175-square-foot warehouse at 8505 and 8519 NW 74th St. in Medley, Fla., for $31 million, or $515.16/sf. The New York company acquired the industrial building from Acosta Family LP, in a [...]
A venture led by Palisade Group has paid $97 million, or $178.08/sf, for Garfield Business Center, a five-building industrial property with 544,705 square feet in Commerce, Calif. The Los Angeles investment manager partnered with affiliates of Benefit Street Partners on [...]
Commercial Observer Clipper Equity has paid $50 million for a 36,000-square-foot development site at 1800 Park Ave. in the Harlem section of Manhattan. The Brooklyn, N.Y., developer acquired the property from the Durst Organization of New York, which had bought [...]
REBusiness Online Aberg Property Co. is planning to build Zia Flats, a 244-unit apartment property in Santa Fe, N.M. The Dallas developer is constructing the property at the northeast corner of St. Francis Drive and Zia Road, about three miles [...]
