Hanley Investment Group has arranged the sale of a fully occupied, multi-tenant retail pad property in Palm Desert, California anchored by a new Chipotle Mexican Grill with a drive-thru “Chipotlane”. The transaction closed at US $3.86 million, marking the 17th Chipotle property sold by the real estate broker in the last 24 months. Hanley Investment Group…
Property Deals
CBRE has brokered the sale of Tropicana Apartments, a 21-unit multifamily community in Huntington Beach, California to a private all-cash buyer. The sale price of US $7.05 million represents US $698 per square foot and US $337,714 per unit, and is the largest apartment transaction in downtown Huntington Beach in the past 10 years.CBRE Executive…
Ground has been broken at a new 782,875 square foot warehouse and logistics facility on the 310-acre FED310 industrial park development by Panattoni and Crow Holdings Capital in Frederickson, Washington. The warehouse is being leased by retailer Harbor Freight Tools under an agreement described by Cushman & Wakefield as one of the region’s largest industrial…
Savills Investment Management (Savills IM) has sold a logistics warehouse portfolio consisting of three freehold assets in Borås, Ljungby, and Halmstad in Southern Sweden, on behalf of its Nordic Logistics Fund. Niam acquired the portfolio, establishing their new Nordic Logistics Portfolio. The assets are fully let to well-known logistics operators and publicly financed tenants, situated…
Hanley Investment Group has arranged the sale of a newly built multi-tenant retail pad at Monterey Crossing, a newly developed shopping center at the Interstate 10 and Monterey Avenue interchange in Palm Desert, California. The sale price was US $6.34 million, with the transaction marking the fifth retail pad building the real estate advisory firm has sold at Monterey…
CBRE has brokered the sale of two multifamily properties totaling 24 units for US $7.61 million in northern Orange County, California. In the first transaction, Executive Vice President Dan Blackwell and Associate Amanda Fielder represented the buyer in the sourcing and acquisition of a 16-unit multifamily property at 1801 and 1809 East Wilshire Avenue in…
Cushman & Wakefield has brokered the sale of a 2.32 acre residential redevelopment opportunity on the site of a former data center at “Main & Main” in downtown Salt Lake City, Utah. Comprising two parcels, the site incorporates a parking lot that totals roughly 1.03 acres and a vacant data center consisting of 305,000 rentable…
CBRE has completed the sale of a five-unit multifamily rental community in Escondido, California to a private investor for US $1.41 million. The transaction was facilitated by CBRE Executive Vice President Dan Blackwell and Associate Amanda Fielder, who represented the San Diego-based seller in a 1031 exchange. The buyer was based in Orange County, California.…
Cushman & Wakefield has brokered the sale of a 100,295 square foot industrial business park in Mission Viejo (Orange County), California. Mission Viejo Business Center consists of six multi-tenant industrial distribution/warehouse buildings on approximately 7.65 acres. Situated at 23811-23891 Via Fabricante, the property is 99 per cent leased to 43 tenants and was acquired by…
CBRE has completed the sale of an 11-unit multifamily community in Torrance, California for US $4.81 million. Executive Vice President Dan Blackwell and Senior Associate, Trey Mitchell, represented the local buyer. The seller was based in Los Angeles. Located at 1751 Cabrillo Avenue in the desirable Old Town Torrance neighborhood, this multifamily property sits on over…
Hanley Investment Group has completed the sale of Pacific Town Center, a 143,217 square foot shopping center anchored by a high-performing Smart & Final Extra! store in Stockton, California. Built on a 10.08 acre site in 2003, Pacific Town Center is situated at 616-760 West Hammer Lane, at the southeast corner of one of Stockton’s…
CBRE has arranged the sale of a ten–unit multifamily property in Garden Grove, California to a private buyer for US $2.875 million in the property’s first listing for over 60 years. The sale price represents US $287,500 per unit and US $334 per square foot. CBRE Executive Vice President Dan Blackwell and Senior Associate, Andrew Boukather,…
CBRE has facilitated the sale of two multifamily rental communities located on the same street near the major thoroughfare of Euclid Street and Katella Avenue in Garden Grove, California. The transactions involved two buyers and sellers and encompassed a total of 14 units, with a combined value of $3.3 million. In the first transaction, CBRE’s…
Savills Investment Management has added more than 260 Build-to-rent (BTR) and Build-to-Sell (BTS) units in a prime area of Madrid to its portfolio of assets under management. Currently comprising three commercial properties, the portfolio will be converted into high-standard residential units. The complex has already received planning permission for the change of use. Located in…
Savills Investment Management has acquired a logistics building near Angers, in the west of France, from an Action Group company as part of a sale and lease back transaction. The purchase was made on behalf of a German pension fund. The portfolio, built up since 2015, has now grown to 11 properties in Germany, France,…
CBRE has brokered the sale of an eight-unit multifamily community in Laguna Beach, California for US $3.075 million. The sale price represents US $908 per square foot and US $384,375 per unit. The apartment building is located at 525 Catalina, just a few blocks from Laguna’s Main Beach and downtown (Walk Score of 97). Built…
Comunale Properties has signed a twenty-year lease agreement which includes developing a 93,000 square foot space for a manufacturer in Colorado’s largest industrial leasing transacton this year under a deal brokered by Cushman & Wakefield. The commitment for Building 2 of its Mulberry Connection development underwrites the first Class A speculative industrial project in Fort…
Cushman & Wakefield has advised on the sale of a 275,000 square foot light industrial development in City of Industry, California. The 15-building John Reed Commerce Center is located centrally and was 83 per cent leased at the time of its sale to real estate investment firm, Longpoint Partners. Headquartered in Boston, MA, Longpoint…
Leumi UK has agreed a €43 million loan to The Dean Hotel Group for the acquisition of the Clarence Hotel, a four-star hotel in Dublin’s city centre previously owned by members of the rock band U2. The funds will allow the borrower, which has owned the leasehold on the property since 2019, to acquire the…
Cushman & Wakefield has advised Murphy Development Company on the sale of the Brown Field Technology Park, an industrial property portfolio in the Otay Mesa submarket of San Diego, California. In October 2023, the undisclosed buyer acquired Brown Field Tech Park II, a newly constructed two-building Class A industrial asset totaling 203,244 square feet as…
The RO Group has sold the Westacre Service Station in Salisbury to lessee Gardner Garages for £2.3 million. Located a mile from the city centre on the A36 Bath/Southampton Road, the service station offers modern and convenient facilities including a Londis convenience store and Post Office. David Kershaw, Group Real Estate Director, says: “We have…
Cushman & Wakefield has advised on the sale of the 95,669 square foot Summer Valley Shopping Center in Aurora, Colorado for US $20.4 million. The retail center on the northeast corner of East Quincy Avenue and South Buckley Road was built in the 1980s and has undergone substantial renovation. Anchored by Vasa Fitness and Dollar…
The Government Property Agency (GPA) has purchased land at Brunswick Street in Darlington from McLaren Property for the construction of the new build of the Darlington Economic Campus (DEC), a flagship programme under the UK’s ‘Levelling Up’ programme. The Darlington Economic Campus (DEC) was established in August 2021, with Departments moving into Feethams House in…
Developer and operator of later living communities Inspired Villages has exchanged contracts on its newest site in Farnham Royal, Buckinghamshire. The company plans to transform the 12-acre site into a community of more than 200 over-65s by providing 177 apartments, cottages and bungalows. Alongside homes, the community will also include a thriving village centre with…
Hanley Investment Group has brokered the sale of a single-tenant property occupied by Bank of America in Palm Desert, California. The sale price of US $2,875,000 for the absolute triple-net ground lease sets a record cap rate in 2023 for a site used solely by the bank.Hanley Executive Vice Presidents Bill Asher and Jeff Lefko…
Cushman & Wakefield has brokered the sale of a 405,130 SF Office Campus on around 34 acres of land in Fullerton, California. Situated at 1801 Hughes Drive, the North Orange County property is fully leased to Raytheon, an investment grade credit tenant. The property sold to a local family investor for US $76.5 million or…
The RO Group has sold the Travelodge located on the Riverside Retail Park, Hankridge Farm in Taunton to The Independent Order of Oddfellows Manchester Unity Friendly Society’s Unity United (Property) Investment Fund. A sale price of £3.9 million reflecs a net initial yield of 6.375 per cent. The RO have owned the hotel which is…
Hanley Investment Group has brokered the sale of a two-tenant retail pad building occupied by AutoZone and Precision Eyebrow Threading salon at a Target-anchored shopping center in northern Los Angeles County. The net-leased investment sold for US $2.65 million with Hanley’s Executive Vice Presidents Kevin Fryman, Bill Asher and Jeff Lefko represented the seller, a private investor…
Hanley Investment Group has brokered the sale of a newly built single-tenant Starbucks Drive-Thru in Fresno, California, for US $3.18 million. The property is located less than five minutes from California State University which has more than 25,000 enrolled students. Hanley Investment Group Executive Vice Presidents Bill Asher and Jeff Lefko represented the seller and developer, Laguna…
Nucleate, a nonprofit organization for global biotech entrepreneurs, has leased a headquarters space in Scottsdale’s Ilume Innovation Center for its new Arizona chapter in a deal brokered by Cushman & Wakefield. Located at 19001 N Scottsdale Rd, Ilume comprises four stories and is owned by Stockdale Capital Partners, a Los Angeles-based, vertically integrated real estate…
Savills Investment Management has acquired a light industrial park in Essen for its European Urban Logistics & Industrial Fund (EULIF). The seller is a joint venture of the Adolf Weber Real Estate and Project Development Company, which realised the inner-city business park in the last two years. Savills IM’s group logistics AuM now totals €6…
Cushman & Wakefield has brokered a lease agreement for BDK Logistics Intelligence, Inc., for a 114,190-square-foot industrial facility at 1161 Olympic Drive in Corona, California. Situated in Southern California’s renowned Inland Empire, the building is owned by Monterey Rancho Mirage, LLC, who was represented by Director Brett Lockwood and Rick Ellison of Cushman & Wakefield…
Hanley Investment Group has advised on the sale of a new construction single-tenant Chipotle Mexican Grill property featuring a “Chipotlane” drive-thru for digital orders, which is an entirely new phase of drive-thru stores. The property is situated at The Quad District, a new mixed-use development anchored by Costco at the southeast quadrant of Interstate 5…
CBRE has arranged the sale of a mixed-use property comprising 12 residential apartment units and a street-front retail building in Costa Mesa, California. Acquired by a local private investor for US $3.2 million, the transaction represented a selling price of US $425 per square foot (or US $246,154 per unit) as the property exchanged hands…
Real estate advisory Hanley Investment Group has orchestrated the sale of a 6,402-square-foot multi-tenant retail pad building in Modesto, California. The property is shadow-anchored by a Save Mart grocery store and was sold for US $4.11 million. Executive Vice Presidents Jeff Lefko and Bill Asher of Hanley Investment Group represented the seller, Covenant Real Estate…
CBRE has brokered the sale of a four-unit multifamily property in Orange County, California for US $1,590,000, representing 99 per cent of the list price and US $462 per square foot.CBRE’s Executive Vice President Dan Blackwell, Vice President Sean Farag, and Associate Amanda Fielder represented the Orange County-based 1031 exchange seller in the sale of…
Savills Investment Management has acquired two new Aldi supermarkets in Spain for its European Food Retail Strategy fund. The fund now has capital commitments from German institutional investors of around €370 million, raised since 2020. The first supermarket in Alzira, Valencia was acquired from developer Ten Brinke at the end of June and comprises around…
Cushman & Wakefield has brokered the sale of a 397 unit garden-style multifamily development site on 18 acres in Rocklin (Sacramento), California. The site was acquired by Advanced Building Solutions (ABS), a full-service development and construction company based in Petaluma, California for US $19 million, or approximately US $47,850 per unit. The seller was a…