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PHOENIX—BH Properties, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed real estate properties, has purchased the Shasta Beverages, Inc. warehouse facility, located at 301 S. 29th St. in Phoenix. The all-cash deal closed in 18 days.
LOS ANGELES—Two separate buyers purchase three multifamily properties, including one new construction property in North Los Angeles, with a combined 141 units for a total of $34 million, GlobeSt.com reports <b>EXCLUSIVELY</b>.
NEW YORK CITY—Yeshiva University, which has been taking steps, including selling assets, to stabilize its finances, has secured a $175-million loan from Kansas City, MO-based UMB Bank.
HILLSBORO BEACH, FL—Construction has begun on the 1200 The Ocean luxury condominium project, the only new construction to take place in the Hillsboro Mile section in more than a decade.
WEST PALM BEACH, FL—A 40-acre fully entitled parcel of land earmarked for multifamily and single-family development here has been sold for nearly $6 million.