Sales

Three Carnegie Plaza Sells for $8M

Fri, 17 May 2013 13:39:00 +0000

Rancon Realty Fund V has disposed of Three Carnegie Plaza. The buyer, a 1031 Exchange Partnership made up of 1250 Fairfax LLC and 521 East 11th St. LLC, paid $8 million for the 85,846-sq.-ft. office property located in San Bernardino, Calif.

Beverly Hills Office Property Sells for $1,150 per SF

Fri, 17 May 2013 13:39:00 +0000

The Wallace Family Trust has disposed of 130 S. El Camino Dr. in Beverly Hills, Calif. The undisclosed buyer paid $10.4 million for the 9,046-sq.-ft. office building.

Marcus & Millichap Arranges Sales in Brooklyn for Approximately $4M

Fri, 17 May 2013 04:00:00 +0000

Marcus & Millichap Real Estate Investment Services has sold two Brooklyn, N.Y. properties for nearly $4.0 million.

Berger Organization Picks Up Newark Office Property for Undisclosed Price

Fri, 17 May 2013 04:00:00 +0000

The Berger Organization, through 765 Broad Street Holdings, has acquired the title for 765 Broad Street in Newark, a 200,000-sq.-ft., seven-story office building located in the city’s central business district.

Dylan Investment Properties Purchases Medical Center

Thu, 16 May 2013 13:21:00 +0000

Dylan Investment Properties has purchased St. George Medical Center in Carmichael, Calif. for an undisclosed total. SA Challenger Inc. disposed of the 52,677-sq.-ft., four-building medical office building.

Hines Global REIT Buys The Campus at Playa Vista

Thu, 16 May 2013 13:21:00 +0000

The Campus at Playa Vista has been purchased by Hines Global REIT Inc. Terms of the deal were not disclosed.

Time Equities Inc. Acquires Two Properties in Brooklyn’s South Park Slope Neighborhood for $8.1M

Thu, 16 May 2013 00:58:00 +0000

Time Equities Inc. (TEI) has acquired 655 Fifth Ave. and 251 19th Street in Brooklyn’s South Park Slope neighborhood for a total price of $8.1 million.

Cohen Commercial Properties Acquires Bronx Property for $11.4M

Thu, 16 May 2013 00:56:00 +0000

Cohen Commercial Properties (CCP) has acquired 1800 Williamsbridge Road, a 12,212-sq.-ft., two-tenant net-leased retail property in the Bronx for approximately $11.4 million.

San Jose Marriott Sells to CBRE Global Investors Fund

Wed, 15 May 2013 11:51:00 +0000

The San Jose Marriott Hotel has sold to CBRE Strategic Partners U.S. Value 6, a fund sponsored by CBRE Global Investors. The 506-key, class-A hotel located at 301 S. Market St. sold for less than replacement cost. Terms of the deal were not released.

Bank-Owned Retail Center Sells for $1M

Wed, 15 May 2013 04:42:00 +0000

Quantum handled the sale of the center, which is 70 percent vacant.