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Foundry Arranges $24.5M Sale of Mixed-Use Building in Winter Garden, FloridaWINTER GARDEN, FLA. — Orlando-based Foundry Commercial has brokered the $24.5 million sale of The Exchange, a mixed-use building located at 270 W. Plant St. in downtown Winter Garden, a suburb of Orlando.
Representative imageAres Management to Acquire Whitestone REIT for $1.7BThis represents Ares' second public-to-private merger this year. The post Ares Management to Acquire Whitestone REIT for $1.7B appeared first on Commercial Property Executive.
Representative imageAtlantic Capital Partners Arranges $10M Sale of Two Metro Boston Office BuildingsWILMINGTON, MASS. — Regional brokerage firm Atlantic Capital Partners has arranged the $10 million sale of two office buildings totaling 61,888 square feet in Wilmington, a northern suburb of Boston.
Representative imageKislak Negotiates $8.3M Sale of Apartment Building in Poughkeepsie, New YorkPOUGHKEEPSIE, N.Y. — Regional brokerage firm The Kislak Co. Inc. has negotiated the $8.3 million sale of Hamilton Garden Apartments, a 58-unit building in Poughkeepsie, located north of New York City.
SimonCRE Buys 38 Acres to Develop 363,000 SF Retail Center in AlbuquerqueALBUQUERQUE, N.M. — SimonCRE has acquired approximately 38 acres of land to develop Lobo Crossing, a 363,000-square-foot, open-air center located on the University of New Mexico’s south campus in Albuquerque. A timeline for the $150 million project was not disclosed.
MBK Senior Living Sells Two Communities in California Totaling 198 UnitsMANTECA AND STOCKTON, CALIF. — MBK Senior Living has sold two seniors housing communities in California totaling 198 units. Clarion Partners acquired the communities for an undisclosed price.
Colorado School of Mines Acquires 50,646 SF R&D Facility in GoldenGOLDEN, COLO. — Colorado School of Mines has purchased a R&D and laboratory facility located at 16194 W. 45th Drive in Golden. J&N Real Estate Co. sold the asset for $5.8 million.
BREAKING NEWS: Ares Management Taking Whitestone REIT Private for $1.7 BillionWhitestone REIT and Ares Management Corporation said Thursday that Whitestone has entered into a definitive merger agreement with certain Ares Real Estate funds in which Ares will acquire all outstanding Whitestone common shares and operating partnership units in an all-cash…
Representative imageKansas City Office Building Changes HandsA community bank acquired the Class A asset. The post Kansas City Office Building Changes Hands appeared first on Commercial Property Executive.
Kurv Pays Nearly $220M for Pompano Beach Industrial ParkKurv Industrial acquired the East Pompano Industrial Center for $219.7 million. Kurv says that makes it South Florida’s largest industrial deal of the year. The seller was QuadReal Property Group.
DoveHill Acquires Connecticut Luxury Hotel and SpaFort Lauderdale, FL-based DoveHill has acquired Mayflower Inn & Spa, Auberge Collection at 118 Woodbury Rd. in Washington, CT.
Industrial Trades in Tight East San Fernando Valley SubmarketColliers arranged the sale of a 113,500‑square‑foot industrial building located at 12224 Montague St. in Pacoima, within the East San Fernando Valley/North Los Angeles submarket. Terms were not disclosed.
121K-SF Detroit-Area Retail Plaza Changes HandsMid-America Real Estate Investment Sales Group announced the sale of Dix-Toledo Shopping Center, a 121,184-square-foot community center located in the Detroit suburb of Southgate, Michigan.
Metro Loft and Quantum Pacific in Contract to Buy 1 Whitehall Street for $100MNathan Berman and Idan Ofer are close to finalizing a deal to acquire 1 Whitehall Street in Manhattan’s Financial District for yet another office-to-residential conversion for the duo.
Representative imageGindi Capital Acquires 163K-SF Office Building, Retail Condos in Downtown BrooklynFamily-owned investment firm Gindi Capital paid a combined $70 million for the control of two commercial properties in Downtown Brooklyn.
Representative imageNuveen Buys Suburban South Florida Retail Center for $46MNuveen is back to buying in South Florida. The Chicago-based investor, which is owned by Teachers Insurance and Annuity Association of America, paid $46.3 million for a suburban retail center in Broward County, property records show.
SYU Properties Sells Bed-Stuy Retail Buildings to Residential Landlord for $36MYosef Elishayev’s SYU Properties, a New York-based development and management company, has sold three new developments in Bedford-Stuyvesant, Brooklyn.
IPA Negotiates Sale of 372-Unit Multifamily Portfolio in East DallasDALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of a two-property multifamily portfolio totaling 372 units in East Dallas. Creekstone is a two-story, 220-unit apartment complex that was built in 1982.
Basis Industrial, OneIM Acquire Industrial Portfolio in Orlando, Metro Atlanta for $144.6MDELRAY BEACH, FLA. — A joint venture between Delray Beach-based Basis Industrial and global investment management firm One Investment Management (OneIM) has purchased an industrial portfolio in the Orlando and Atlanta markets.
Medipower Acquires Four Atlanta-Area Retail CentersMedipower has added seven grocery-anchored retail centers to its US portfolio, four in the Atlanta metro area. The Israeli-based company paid $115 million for the grouping of centers. A number of the centers are found on the SITE Centers website.