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Connecticut Office Property Sells at Significant Loss

Connecticut Office Property Sells at Significant Loss

by Phil Hall | Dec 24, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

A 191,128-square-foot office building in Norwalk, Connecticut, that last sold in September 2018 for $16.5 million has changed hands for $5.9 million. The Hartford Business Journal reported the six-story building, which was built in 1988, was sold by Hanover Real...
Strawberry Fields REIT Buys 6 Kansas Healthcare Facilities for $24 Million

Strawberry Fields REIT Buys 6 Kansas Healthcare Facilities for $24 Million

by Phil Hall | Dec 24, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate Investing, WRE News Exclusive

South Bend, Indiana-headquartered Strawberry Fields REIT Inc. (NYSE American:STRW), a self-administered real estate investment trust focused on skilled nursing and certain other healthcare-related properties, has entered into a $24 million purchase and sale agreement...
Marcus & Millichap Closes $88.5 Million Sale of 31-Property Portfolio

Marcus & Millichap Closes $88.5 Million Sale of 31-Property Portfolio

by Phil Hall | Dec 24, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The commercial real estate brokerage Marcus & Millichap (NYSE:MMI), in association with Northeast Retail, announced the $88.5 million sale of a portfolio 31 net lease properties anchored by Town Fair Tire. The properties are in Connecticut, Massachusetts, New...
DLC Pays $76.25 Million for Two Shopping Centers in Columbus, Ohio

DLC Pays $76.25 Million for Two Shopping Centers in Columbus, Ohio

by Phil Hall | Dec 23, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

DLC, the Elmsford, New York-based owner/operator of open-air shopping centers, has acquired two Walmart Supercenter-anchored shopping centers in Columbus, Ohio, for $76.25 million. The properties, which are approximately 99% occupied, include the 395,074-square-foot...
McKinley Homes Acquires Houston Builder

McKinley Homes Acquires Houston Builder

by Phil Hall | Dec 23, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

Atlanta-based McKinley Homes has acquired Houston-based Liberty Home Builders Houston, expanding its presence into Texas. The financial terms of the deal were not disclosed. McKinley Homes Houston Division will be led by the former Liberty Home Builders executive team...
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