Cushman & Wakefield has been retained to market the foreclosure sale of AtTraction, a historic 58,118-square-foot historic, adaptive reuse asset located in two buildings at 800-810 Traction Ave. in Los Angeles’s Arts District. The property is being sold through the site’s former lender and now current owner. A Cushman & Wakefield team comprising Mike Condon …

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Hanley Investment Group Real Estate Advisors arranged the sale of a new-construction, single-tenant property occupied by a Raising Cane’s Chicken Fingers Drive-Thru restaurant in Imperial Beach, . The sale price in this off-market transaction was $5.7 million.  EVPs Bill Asher and Jeff Lefko represented the developer and seller, Palm Avenue 111 Partners, LLC of Encinitas. The …

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Summit at Salado Creek and The Canopy Apartments are being auctioned off, victims of the tenuous borrowing climate. The San Antonio Business Journal reports the two are slated for a distressed sale next month after their owners defaulted on tens of millions of debt. According to foreclosure documents filed with Bexar County, about $66.8 million …

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Dallas-based real estate investment firm Lloyd Jones has acquired Brightview Baldwin Park, a senior living community in Staunton, VA. The 136-unit property, which offers independent living, assisted living, and memory care, was purchased from Brightview Senior Living.   Following the acquisition, it will operate under the Lloyd Jones proprietary Aviva brand as AVIVA Baldwin Park. …

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December student housing preleasing for the 2024-2025 academic year set a new record at 47.3%, up 9% from a year ago, according to the latest Yardi Matrix National Student Housing Report. Asking rates also continued to climb, hitting $858 per bed in December and marking a 4.9 percent increase on a year-over-year basis. The exceptional preleasing indicates a …

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Red Mountain Group Inc., an Orange County-based retail redevelopment firm, closed the recent sale of a single-tenant net leased Texas Roadhouse located in Indio. The 16,560-square-foot property traded for $3 million to LHF Properties, LLC and H and G Joint Venture. The restaurant pad, part of Indio Towne Center, a 560,000-square-foot power center, was acquired …

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