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Sales Deals of the Week: FPA Multifamily’s Buying Spree Isn’t Over Yet
The top five sales across the country from March 11 to March 15.
Photo: Getty Images
This week kicked off with a $186 million deal in Downtown Los Angeles, where FPA Multifamily is apparently continuing its buying spree. The firm snapped up a 34-story luxury residential tower from CIM Group. Otherwise, New York dominated. Not one, but two homeless shelter sites changed hands in Queens and the Bronx. And in Brooklyn, H&R Real Estate Investment Trust acquired a 75 percent stake in a troubled residential development site on the banks of the Gowanus Canal.
Amount
Address
Buyer
Seller
Brokers
Asset
888 South Hope Street; Los Angeles, Calif.
FPA Multifamily
CIM Group
N/A
Residential
138-10 135th Avenue, Queens, N.Y.
N/A
Hotel
459 Smith Street, Brooklyn, N.Y.
H&R Real Estate Investment Trust
N/A
Residential development site
951 Olmstead Avenue, Bronx, N.Y.
Urban Resource Institute
N/A
Homeless shelter
291 Livingston Street, Brooklyn, N.Y.
Hello Living and Aview Equities
N/A
Hotel
Sales Deals of the Week reflect deals closed or announced from March 11 to March 15. Information on sales can be sent to editorial@commercialobserver.com.
SEE ALSO: Urban Resource Institute Buys $64M Stake in Bronx Homeless Shelter
138-10 135th Avenue, 291 Livingston Street, 459 Smith Street, 888 South Hope Street, 951 Olmstead Avenue, Urban Resource Institute, All Year Management, Aview Equities, CIM Group, Crowne Partners, FPA Multifamily, GFI Capital Resources Group, H&R Real Estate Investment Trust, Heights Advisors, Hello Living, Midas Hospitality
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