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PRESS RELEASE: Ariel Property Advisors Sells Two Multifamily Buildings for $15 Million
2013-12-02 20:26:00| National Real Estate Investor
Gail D. Ariel Property Advisors has announced the sale of two adjoining multifamily properties at 556-562 West 126th Street, steps from Columbia University's new 17-acre Manhattanville campus. The buildings sold for $15 million, which translates to $384,615 per unit. The sales team of Shimon Shkury, Victor Sozio, Michael A. Tortorici, and Jesse Deutch represented the seller and procured the buyer, both real estate investors. read more
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PRESS RELEASE: Creative Office Space Continues to Shine in Portlands CBD
2013-12-02 19:59:00| National Real Estate Investor
Megan Dolan Jones Lang LaSalle Capital Markets experts today announced the sale of the Commonwealth Building, a 219,557-square-foot, creative class office building in downtown Portland, Oregon. An investment fund sponsored by Unico Properties LLC purchased the 14-story building, which was designed by world-renowned architect Pietro Belluschi, from Commonwealth Acquisition LLC for $41 million. read more
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PRESS RELEASE: Charles Dunn Company Completes $1.67 Million Sale of Multifamily Property in Santa Monica, California
2013-12-02 19:54:00| National Real Estate Investor
Darcie Giacchetto Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $1,675,000 sale of a fully occupied, six-unit multifamily property located at 1963 17th St. near the major cross street of Pico Blvd. in Santa Monica, Calif. Kimberly Roberts Stepp, senior managing director with Charles Dunn Company, represented the seller, a private investor from Los Angeles, as well as the buyer, an investor from Asia. The transaction closed at a 4.5 percent cap rate. read more
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PRESS RELEASE: SL Green Signs 10,000+ Square-Foot Lease With Proctor & Gamble Hair Care At 120 West 45th Street
2013-12-02 19:51:00| National Real Estate Investor
Melanie Keenan SL Green Realty Corp (NYSE: SLG) today announced that Proctor & Gamble Hair Care LLC, a subsidiary the world's largest manufacturer of consumer brands specializing in beauty, grooming and household products, has signed a 10-year+ lease covering 10,093 square feet for the entire third floor of 120 West 45th Street, aka Tower 45. read more
PRESS RELEASE: Paine/Wetzel TCN Worldwide Team Completes Industrial Sale In Chicago
2013-12-02 19:49:00| National Real Estate Investor
Patricia T. Paine/Wetzel TCN Worldwide is pleased to announce that the team of Ed Wabick, Principal; Jeffrey Girling, Vice President and Terence Lynch, Senior Associate of the firm have completed the sale of a 34,269 square foot industrial building located at 1501 S. Blue Island in Chicago, Illinois on behalf of their client, Testa Produce. read more
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