Savills LLC, with North American headquarters in New York, has advised Deka Immobilien of Germany on its disposition of the Deka Special Fund’s two-building industrial property in Cranbury, N.J. to Indianapolis, Ind.-based Duke Realty in an off-market transaction in which the price was not disclosed....More
Jack Pierson Studio has paid $1.3 million to acquire 16-13 Stephen Street in the Ridgewood section of Queens, N.Y., an, 8,800-sq.-ft. property that was the site of a former knitting mill....More
Trion Properties has purchased two multifamily properties for a total of $7.25 million, in two different transactions. The properties are located in El Cajon, Calif. and Sacramento, Calif....More
TG Acquisitions LLC has paid $6.3 million for the acquisition of a 74,618-sq.-ft. shopping center located at 755-789 St. Georges Ave. in Woodbridge, N.J....More
Prism Capital Partners LLC, along with Angelo, Gordon & Co., have teamed up for the acquisition of Princeton Pike Corporate Center, an eight-building, class-A office park in Lawrenceville, N.J., for $121 million from Brandywine Realty Trust....More
New York-based Lightstone Value Plus Real Estate Investment Trust Inc. has acquired two hotels, Courtyard by Marriott and Residence Inn by Marriott, in Baton Rouge, La. for $15.6 million....More
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....More
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....More
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....More
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....More
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....More
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....More
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....More
A joint venture comprised of Gottesman Real Estate Partners and Mountain Development Corp. (MDC) has acquired 777 Passaic Ave., an office building located in Clifton, N.J., for approximately $5.8 million....More
Empire Landing, a 276-unit multifamily community in Burbank, Calif., has sold to TIAA-CREF. The seller wasa joint venture between Casden Properties and PCCP. The terms of the deal were not disclosed....More
A Long Island investor has paid $5.6 million to acquire 1037 Boston Post Road in Rye, N.Y., a retail building comprised of approximately 9,850 sq. ft. of space, which is currently 100 percent occupied by Lester’s, a clothing retailer....More
The 200,000-sq.-ft. office campus at 2100 E. Grand Ave. in El Segundo, Calif. has sold to a joint venture made up of Rockwood Capital and Marshall Property & Development for $25 million. The property was sold in an off-market transaction by 2100 Grand LLC, a related entity of the visual effects company Rhythm & Hues Studios....More
The 20-unit multifamily property at 421-425 Mission St. in South Pasadena, Calif. has sold for $5 million. The 15,392-sq.-ft. property was traded in an off-market transaction....More
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?