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NEW YORK CITY-The Pax Organization, owner of Pax Wholesome Foods and Cafe Europa, increases its Manhattan presence with one new location on West 42nd Street and another on Seventh Avenue in the Equitable Center.
MIDLAND, TX-The limited partnership borrower takes out the loan through Dallas' Malone Mortgage. Secured by HUD's Multifamily Accelerated Processing program, the 30-year loan is fully assumable.
LONDON-Israeli investor Egal Ahouvi is set to boost his spend in the City to over pounds two hundred ($305 million) with the acquisition of Mitre House, Aldersgate.
ROANOKE, VA-In a $9 million deal, the two-year-old, 1,222-sf movie house Consolidated Valley View Grande 16 Theatre sells to a joint venture involving One Liberty Properties Inc. and DB Real Estate-Private Equity. North Carolina's Consolidated Theatres developed the 2,900-seat property for $11 million.
MIDLAND, TX-The limited partnership borrower takes out the loan through Dallas' Malone Mortgage. Secured by HUD's Multifamily Accelerated Processing program, the 30-year loan is fully assumable.
MESA, AZ-A Tucson investment group spends about $1.8 million for a fully leased complex with five tenants. The assumable mortgage and separate Albertsons anchor are the temptations to buy.
SAN DIEGO, CA-A joint venture comprised of Gary Beyler and Jim Allen acquire a 2.71-acre parcel that is located in the Rio Courtyard business center. They say they plan to build an 80,000-sf, class A building on the property.
FORT WORTH-The Amarillo seller gets a buyer within three months of going to market on the complex. The buy is a first for the Los Angeles investment trio, who's going to erase the "all bills paid" label by sub-metering the units.