Sales Deals of the Week: Ventura Multifamily Asset Fetches $133M
The top five investment sales from April 8 to April 12
By The Editors April 12, 2024 10:00 am
reprints
California saw one of the biggest sales of the week nationally when Decron Properties sold the 376-unit Ranch at Moorpark in Ventura County to AEW Capital Management for $133.2 million. The investment was good for Decron, which bought it in 2013 for $84.4 million. In more unusual news, the New York City Housing Development Corporation decided it liked the 109,000-square-foot office it leases from Silverstein Properties at 120 Broadway so much, it purchased it as an office condo for $52.7 million.
| Amount | Adress | Buyer | Seller | Brokers | Asset |
|---|---|---|---|---|---|
| $133.2 million | 51 Majestic Court | AEW Capital Management | Decron Properties | N/A | Multifamily |
| $60 million | 9000 Collins Avenue, 995 Collins Avenue | Fort Partners | JMH Development | N/A | Multifamily |
| $52.7 million | 120 Broadway | New York City Housing Development Corporation | Silverstein Properties | Newmark‘s Lance Korman and Kevin Sullivan | Office condo |
| $40 million | 268 Bergen Street | Goose Property Management | Dillon Realty Interests | JLL's Michael Mazzara, Brendan Maddigan, Ethan Stanton and Winfield Clifford | Development site |
| $21.7 million | 112 Liberty Street | Hiwin Group USA | Hidrock Properties | N/A | Development site |
Sales Deals of the Week reflect deals closed or announced from April 8 to April 12. Information on sales can be sent to editorial@commercialobserver.com.
Decron Properties, JMH Development, AEW Capital Management, Decron Properties, Fort Partners, JMH Development, Silverstein Properties
