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Press Releases
Investing

The Boulder Group Arranges Sale of Net Leased Starbucks Property Located in Chicago

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Starbucks property located at 7101 South Stony Island Avenue in Chicago, IL for $1,460,000.

The Boulder Group Arranges Sale of Net Leased Orscheln Farm & Home Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Orscheln Farm & Home property located at 23680 Highway 5 in Centerville, IA for $2,040,000.

DOWNTOWN MIAMI RETAIL BUILDING TRADES FOR $27.2 MILLION

CBRE arranged the $27.2 million sale of Vizcayne Retail – 55,000-square-foot of ground floor retail plus 126 dedicated parking spaces located at the base of two 49-story condominium towers at the intersection of Biscayne Boulevard and N.E. 2nd Street i…

Gebroe-Hammer Associates Arranges Three Bergen County Trades in Lodi, Englewood and Edgewater, NJ

Bergen County, NJ is among the most aggressively priced and highest-barrier-to-entry multi-family investment markets in the region, according to the brokerage professionals at Gebroe-Hammer Associates. In a recent two-week timeframe, the Livingston-bas…

Board of Bluerock Residential Growth REIT Approves Investment in Durham, NC’s Class AA Whetstone Apartments

Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (“BRG”) today announced that its Board of Directors has approved an investment of approximately $13.7 million in a joint venture that will acquire a 204-unit Class AA multifamily project known …

Bluerock Residential Growth REIT Agrees to Invest in Class A 285-Unit Luxury Apartment Development Project in Atlanta

Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (“BRG” or “the Company”) today announced that it has approved an investment of approximately $15.0 million in a joint venture to develop a Class A, 285-unit apartment community in Atlanta, …

SR COMMERCIAL ACQUIRES 11.8-ACRE LAND PARCEL IN CARLSBAD FOR SPEC DEVELOPMENT OF MULTI-TENANT INDUSTRIAL DISTRIBUTION PROJECT

SR Commercial, a privately held, full-service commercial real estate investment company, has acquired an 11.8-acre land parcel in Carlsbad, California, on which the firm plans to develop a 151,500 square-foot multi-tenant industrial distribution projec…

AMERICAN REALTY ADVISORS CUTS WATER USE BY 27 PERCENT, SAVING 1.4 MILLION GALLONS ANNUALLY IN CHARLOTTE, NC OFFICE PROPERTY

Institutional real estate investment manager American Realty Advisors has announced that its ongoing strategy to boost sustainability throughout its national portfolio has had a substantial effect on water consumption for its office property South Tryo…

Lee Oakland represents Wang Brothers Investments in a Sale Transaction in Richmond, CA

The Parkway Business Center in Richmond California has sold. This property is comprised of three flex/office/industrial buildings totaling 87,785 square feet on 9.8 acres with 3 acres of developable land. The buyer, Wang Brothers Investments, was able …

Lee & Associates – North San Diego County Completes $25.4 Million Sale of Sam’s Club Store & Hardee’s Restaurant

Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed the $25,400,000 investment sale of two retail buildings located in the Big Bend Crossing shopping center of Crestwood, Missouri, a S…

CBRE CAPITAL MARKETS ARRANGES $54 MILLION SALE OF MULTIFAMILY COMMUNITY IN CENTRAL FLORIDA

CBRE Capital Markets arranged the sale of The Park at Laurel Oaks, a 552-unit apartment community in Winter Springs, Florida, about 15 minutes outside of Orlando. The gated community, located at 1 Laurel Oaks Drive, was acquired from Laurel Oaks, LLV b…

NAI Capital completed the $14.5 million sale of Tustin Medical Arts Center

NAI Capital completed the $14.5 million sale of Tustin Medical Arts Center in Tustin, Calif., on behalf of Klingbeil Medical Partners. The seller was a real estate investment firm specializing in medical office reposition opportunities. Klingbeil purch…

RE/MAX Luxury Report on Metro Chicago Real Estate: $1 Million-Plus Residential Market Moved at Faster Pace in Jan.-March Quarter of 2015

Luxury homes sold at a faster pace during the first quarter of 2015, January through March, than they did a year earlier in the seven-county metropolitan Chicago real estate market. Transaction activity was 16 percent higher for the period, with luxury…

CBRE ARRANGES SALE OF LUXURY MULTIFAMILY COMMUNITY IN EAST ORLANDO

CBRE Capital Markets arranged the sale of Century Waterford Lakes, located at 12101 Fountainbrook Blvd., Orlando, FL. The 400-unit apartment community was completed in 2000 and has a current occupancy of 92%. CBRE exclusively represented the seller in …

Lerner Announces Capital One To Open 136,000 Square Foot Office In 1750 Tysons Boulevard At Tysons II

Lerner Enterprises, one of Washington, D.C.’s largest private real estate developers based in Rockville, Maryland, is pleased to announce that Capital One has signed a lease for 136,000 square feet at 1750 Tysons Boulevard in The Corporate Office Centr…

California Investor Buys E. Phoenix Apartments For $5.8 Million

Santerra Apartments, a 128-unit multifamily complex at 3434 E. McDowell Rd., in Phoenix has sold to a California Investor for $5,807,500 or $45,371 per door. The sale closed, March 26th. Todd Braun, Principal at Lee & Associates negotiated the tra…

CBRE BROKERS $23,750,000 MILLION BOCA RATON TRANSACTION

CBRE arranged the sale of Glades Twin Plaza, a 98,312-square-foot boutique office property located in Palm Beach County’s prestigious Boca Raton submarket. L&B Realty Advisors of Dallas, Texas, acquired the asset at 2300 Glades Road in Boca Rato…

HALF OF INVESTORS IN NORTH AMERICA TO INCREASE REAL ESTATE ACQUISITIONS IN 2015

Half of all real estate investors in North America intend to increase their property acquisitions in 2015, with San Francisco the number one target for the second year in a row, according to the CBRE North America 2015 Investor Intentions Survey. For t…

The Boulder Group Arranges Sale of a New Construction Net Lease Hobby Lobby in North Carolina

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net lease Hobby Lobby property located at 141 North Pointe Blvd in Statesville, NC for $6,649,500. The 55,000 square foot newly constructed Hobby Lobby…

PASSCO COMPANIES EXPANDS OPERATIONS WITH NEW OFFICE IN AUSTIN, TEXAS, AND ADDITION OF KEY INDUSTRY PLAYER

Passco Companies, LLC, a nationally recognized market leader in the acquisition, development, and management of multi-family and commercial properties throughout the U.S., has announced the opening of a new office in Austin, Texas, and the addition of …