OVERVIEW Project Name: 6th & 3rd Location: North Loop / Warehouse District (Minneapolis, MN) $21.1M Acquisition closed April 2020 Historic Adaptive Reuse from Industrial/Warehouse Facilities to Mixed-Use, Multi-Unit Apartment Housing, and Retail Uses Three Contiguous Land Parcels Totaling ± 1.87 Acres of Land For more information regarding this case study, please contact: KAI THOMSEN D (952) 223-6724 Email // Resume The Client CEDARst applies a vertically integrated approach to the development of residential assets…
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Creative Take on Value-Add Prospectus & Income Potential of Asset Convey The McCarren Hotel and Pool to the Market in a New Light
OVERVIEW 160 North 12th Street | Brooklyn, NY 64 Keys, Boutique Hotel ± 25,059 SF Total Seller Representation Sale Price: $22,000,000 ($878 PSF) For more information regarding this case study, please contact: CHRIS VARJAN D (212) 776-1272 Email // Resume The Client The client was a national private equity fund, in the final disposition of a portfolio sale of hospitality properties located throughout New York City. The Challenge Far from a traditional limited service…
Exceptional Location & Development Potential Attracted Major Interest
OVERVIEW Railroad Avenue | Florence Township, NJ 30.82 Acres Fully Approved for Industrial Development at Closing Approved Building Size: 300,700 SF Seller Representation For more information regarding this case study, please contact: BOB YOSHIMURA D (610) 601-8504 Email // Resume JOSEPH HILL D (610) 601-8502 Email // Resume ERIC MATTSON D (610) 601-8503 Email // Resume The Client Foxdale Properties is a privately held commercial real estate company based out of Pasadena,…
Single-Story Retail Building Sells Air Rights to NYC Developer
OVERVIEW 1440 Amsterdam Avenue | New York, NY ± 12,500 SF Lot Totaling 85,000 SF Buildable SF Seller Representation Structured Sale with Seller Getting Retail Condo/ Community Facility Upon Completion Sale Price: $7,900,000 For more information regarding this case study, please contact: CHRIS VARJAN D (212) 776-1272 Email // Resume The Client The client was a generational family office based in Queen. The family had traditionally owned multifamily assets and was not a ground up…
Timely Negotiations Protect Asset Value for Seller Amidst Changing Rent Laws
OVERVIEW 145 Henry Street and 15-19 Wyckoff Street | Brooklyn, NY 83-Unit Value Add Multifamily Henry Street: 43-Unit Elevator Building Wyckoff Street: 40-Unit Walk-Up Building ~33% Rent Regulated ± 66,500 SF Total Seller Representation Approximate In-Place Cap Rate of 3.2% Sale Price: $36,650,000 ($550/SF) For more information regarding this case study, please contact: CHRIS VARJAN D (212) 776-1272 Email // Resume The Client The client was a second-generation owner/operator who wanted to retire and get…
NYC Developer Partners with an Institutional Capital on 75,000 SF Senior Housing Development Site
OVERVIEW 1622-1632 York Avenue | New York, NY ± 75,000 SF Development Site (Senior Housing) Buyer Representation Sale Price: $46,500,000 For more information regarding this case study, please contact: CHRIS VARJAN D (212) 776-1272 Email // Resume The Client Engel Burman Group, a local developer and senior housing operator, alongside institutional capital partner, Harrison St Real Estate Capital. The Challenge Due to the specific programming, unit sizes, and zoning constraints; the client had provided us…
Comprehensive Nature and Transparency of Diligence Available Opens the Investor Pool for NYC Multifamily Asset
OVERVIEW 308 West 82nd Street | New York, NY 49 Unity Multifamily Asset ~30% Rent Regulated ± 25,000 SF Seller Representation Sale Price: $18,650,000 ($746/SF) For more information regarding this case study, please contact: CHRIS VARJAN D (212) 776-1272 Email // Resume The Client Lee & Associates NYC represented the seller, a high net worth individual with global holdings, who sought liquidity in a turbulent real estate market. The Challenge This assignment was one of…
Value Add Multi-Tenant Industrial Park Sale
OVERVIEW 1320 Grand Avenue | San Marcos, CA Industrial Multi-Tenant Park “Value-Add” Repositioning Strategy Off-Market Transaction 52,289 SF 37 Incubator Suites Acquisition Price: $6,885,000 Disposition Price: $9,250,000 17-Month Hold Period For more information regarding this case study, please contact: RUSTY WILLIAMS D (760) 448-2453 Email // Resume CHRIS ROTH D (760) 448-2448 Email // Resume JAKE RUBENDALL D (760) 448-1369 Email // Resume The Client Focus Real Estate, LP, formed in April…
Balfour Beatty Develops Corporate Real Estate Strategy For U.S. Portfolio
For more information regarding this case study, please contact: JOHN DECOUTO, CCIM, MCR.H D (404) 442-2822 Email // Resume The Client Balfour Beatty is an industry-leading provider in the U.S. of general contracting, at-risk construction management and design-build services for public and private sector clients across the nation. Performing heavy civil and vertical construction, our teams build the unique structures and infrastructure that play an important role in how people live, work, learn and…