Press Releases

Matthews Real Estate Investment Services™ is excited to announce the $9.16M sale of a 13-property Continental Carbonic portfolio, spanning nine states throughout the United States. The sale was brokered by Matthews™ Senior Associate Harrison Auerbach and Vice President Alexander Harrold.

The portfolio sold for 103% of the listing price after generating 12 competitive offers. The seller, a Matthews™ client, was motivated to sell the portfolio to avoid management responsibilities of over a dozen simultaneously expiring leases.

Matthews Real Estate Investment Services™ is pleased to announce the sale of a Fresenius Medical Care building, located at 605 NW Hickory St, Albany, OR. The transaction was brokered by Matthews™ Associates Tom Aragone, Nick Kaye, and Associate Vice President Wesley Connolly.

The seller, a repeat Matthews™ client, was looking to execute a 1031 Exchange to capitalize on equity growth and diversify their portfolio. Matthews™ brokers were able to secure a buyer through a previous working relationship and successful transaction.

Matthews Real Estate Investment Services™  is pleased to announce the sale of a Walgreens property, the second-largest pharmacy chain in the U.S., located at 1910 Falls Valley Drive, Raleigh, NC. The net-lease transaction was brokered by Matthews™ Net Lease Retail Associate Grant Korn and Market Leader Maxx Bauman.

The seller, a Matthews™ private client, was looking to complete a 1031 Exchange for an asset with a long-term lease. The seller hired Matthews™ due to credibility and market knowledge. Competing brokers had priced the Walgreens location at 8.0% cap rate, while the Matthews™ representatives were able to sell at 7.2% cap rate and receive several offers in only one month from the listing date.

Matthews Real Estate Investment Services™ is pleased to announce the sale of 114 South Gramercy Place. Senior Vice President and Senior Director Daniel Withers and Senior Associate John Boyett worked in tandem to facilitate the sale of the 33-unit apartment building in the Hancock Park neighborhood of Los Angeles, CA. The three-story property was built in 1995 and comprises seven studios, seventeen one-bedroom, one bathroom, and two-bedroom, two-bathroom units.

Matthews Real Estate Investment Services™ recently brokered the sale of a valuable apartment building, located at 515 South Saint Andrews Place, Los Angeles, CA. The transaction was brokered by Matthews™ Vice President Charles Wright and Associate Taylor Avakian. The two-story multifamily property includes 40 units and is in the Koreatown neighborhood, making it a well-known asset.

Matthews™ is pleased to announce the sale of 850 Victor Avenue in Inglewood, CA. Senior Associate Nabil Awada, and Executive Vice President and Managing Director David Harrington, worked in tandem to facilitate the sale of the 50-unit apartment building in the Inglewood neighborhood of the Los Angeles metro for $12,600,000 at a 4.50% cap rate. The deal is the largest apartment building to sell in the 90302 zip code in the last seven years and the second-largest building to sell in the City of Inglewood in the previous three years, according to CoStar.

Market Leader Andrew Gross and Senior Associate Harrison Auerbach have been awarded Connect Media’s Next Generation Award for Texas and the Southeast, respectively.

Matthews™ represented the landlord, Cardinal Investments, in the lease of approximately 1,850 square feet in Downtown Manhattan Beach to national swimsuit boutique, Everything But Water. Senior Leasing Associate Nick Day, and SVP and National Director of Retail Leasing, Michael Pakravan, represented the landlord.

Matthews™ recently arranged the portfolio sale of six National Tire & Battery assets located across Ohio and Mississippi for a total sum of $11.575M. Cleveland-based Associate Jonah Yulish and Executive Vice President & National Director Ben Snyder represented the seller and sourced the buyer.