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Venice development: 270 multifamily homes could be built off Jacaranda Blvd

The proposal will be the subject of a virtual neighborhood workshop set for 6 p.m., July 8.
CASTO Net Lease Properties wants to build nine 30-unit multifamily structures around a 3.7-acre pond, according to a site plan by Stantec, the company that will host the virtual meeting.
The parcel is located north of Venice Pines Plaza, which is located on the northeast side of the intersection of Jacaranda Boulevard and Center Road.
The overall request involved 30.55 acres of what’s technically Parcel 3 of the Venice Center Development of Regional Impact.
The land is currently zoned commercial general and office professional and institutional. The proposal would change that to RMF-3/planned unit development. ....

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CBRE's Philadelphia-based team sells 24 properties in Q1 for more than $90M

CBRE’s Philadelphia-based team sells 24 properties in Q1 for more than $90M
April 26, 2021
8:19 am
The first quarter of 2021 proved to be very successful for the Philadelphia-based arm of CBRE’s Net-Lease Properties team, comprised of Matthew Gorman, Michael Shover, Thomas Finnegan and Robert Thompson.
On April 23, CBRE announced that the team sold 24 properties during 2021’s first quarter, totaling $90,315,094.
The standout transaction was a 10-property corporate sale-leaseback of Auto Lenders owned real estate in Pennsylvania and New Jersey that traded for approximately $55 million. Other noteworthy closings completed during the first quarter included the $6.1 million sale of SAI MedPartners in Exeter Township, Pa.; a $3.6 million sale of DaVita Dialysis in Woodbridge; and the $3.9 million sale of a Pet Palace in West Chester, Ohio. ....

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