News/Events
Spirit Halloween Inks Seasonal Lease for 10K SF in Medford
The Hamilton Company has leased approximately 10,000 square feet to Sprit Halloween at 55 Riverside Ave. in Medford, MA, which formerly housed a CVS. The retailer will open more than 1,550 seasonal locations this year across strip malls and shopping centers throughout North America, signaling the start of the Halloween season. “We are excited to have Spirit Halloween in our…
Chicago-Based L&G Acquires Site to Build Multifamily Property in Boston
L&G’s Asset Management business in the U.S. has acquired a development site in Concord, Massachusetts, and plans to begin construction on a new two-building, 201-unit multifamily community. The investment and property development is being made on behalf of L&G’s Institutional Retirement business, which is deploying long-term retirement capital to support new housing supply. The project…
Levin Johnston Completes 1031 Exchange with Mountain View Apartment Deal
The Levin Johnston team at Marcus & Millichap directed the $12.1-million acquisition of Alamo Park Apartments, a 33-unit multifamily community in Mountain View, on behalf of a private investor. The acquisition completes a 1031 exchange that began with July’s $5.6-million sale of The Colony House Apartments in Sacramento. Located at 620 Alamo Ct., the original 25-unit community…
Steel Peak Acquires Seattle-Area IOS Property
Steel Peak has acquired an industrial outdoor storage (IOS) property located at 1031 4th Avenue North in Kent, Washington, for $9 million. This is Steel Peak’s fourth IOS property acquisition in the Seattle area in the past 12 months and 15th overall. Will Schmidt of CBRE represented Steel Peak in its acquisition. “This acquisition checks…
California Awards $239M in Gap Funding to 20 Affordable Projects
Gov. Gavin Newsom announced nearly $239 million in construction-gap funding for 20 affordable multifamily developments across California. The projects underwent a streamlined approval process to keep development on track and cut red tape, according to the governor’s office. With project costs totaling more than $1.2 billion, the development will bring 1,700 affordable units to market.…
Walmart-Anchored Retail Property in Portland Secures $14M Refinancing
Gantry has secured a $13.65 million permanent loan to refinance maturing debt for Parkway Village at Sherwood, located at 21174-21430 SW Langer Farm Parkway in Sherwood, a Portland suburb approximately 15 miles from the city center. The 45,653-square-foot center is anchored by Walmart and features tenants such as Starbucks, Chipotle, The Old Spaghetti Factory, Panera…
Savills Arranges Compass Health Center’s First Location in Virginia
Compass Health Center, a provider of mental healthcare, has signed a lease to occupy 22,203 square feet of space at 3160 Fairview Park Drive in Falls Church, Virginia. The Savills team of Vice Chairman Eric Feinberg, Corporate Managing Director Brandon Nasatir, Managing Director Nick DiChiara, and Executive Vice President Jon Glass represented Compass Health Center…
L&G, Taurus Partner on Ground-Up Multifamily Project in Greater Boston
L&G’s Asset Management business in the U.S. has acquired a development site at 292-294 Baker Ave. in Concord, MA and plans to begin construction on a two-building, 201-unit multifamily community. The company’s first ground-up development in the U.S., the project continues L&G’s partnership with Taurus Investment Holdings, LLC. The investment is being made on behalf…
Ken Griffin, Vornado, Rudin to Form JV for $6B 350 Park Ave. Development
Vornado Realty Trust and Rudin Management have formally agreed to enter into a joint venture with an affiliate of Kenneth C. Griffin, Citadel’s founder and CEO (KG), to develop a 1.9-million-square-foot trophy office building at 350 Park Ave. In connection with the development, Citadel will lease 1.05 million square feet for 15 years as its…
