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B of A Pays $155M for Jacksonville Office BuildingsBank of America paid $155 million for five buildings and two parking garages that it had been leasing at its Southside Boulevard operations center campus. The banking giant acquired the property from Ladder Capital of New York City.
JLL Negotiates Sale of 323,949 SF Office Campus in North San AntonioSAN ANTONIO — JLL has negotiated the sale of Union Square, a two-building, 323,949-square-foot office campus located on the north side of San Antonio.
Representative imageBGO Acquires 299,520 SF Industrial Portfolio in Katy, TexasKATY, TEXAS — BGO, the institutional investment firm formerly known as BentallGreenOak, has acquired a two-property industrial portfolio totaling 299,520 square feet in the western Houston suburb of Katy.
Representative imageZenith IOS Buys 7.5-Acre Facility in Blue Mound, TexasBLUE MOUND, TEXAS — Zenith IOS (industrial outdoor storage) has purchased a 7.5-acre facility in Blue Mound, a northern suburb of Fort Worth.
Onyx Partners Buys Historic Building in Metro Boston for New HeadquartersNEEDHAM, MASS. — Onyx Partners has purchased a historic building in Needham, a southwestern suburb of Boston, for its new headquarters.
Jackson Square Properties Acquires Multifamily Community in Marina del Rey, California for $170MMARINA DEL REY, CALIF. — Affiliates of Jackson Square Properties have acquired Shores, an apartment property in the coastal city of Marina del Rey, from a company doing business as Shores LLC. The sales price was $170 million.
Ryman Hospitality Properties Agrees to Buy Grande Lakes Orlando Resort for Nearly $1.4BORLANDO, FLA. — Ryman Hospitality Properties Inc., a publicly traded hotel REIT based in Nashville, has entered into a definitive agreement to purchase Grande Lake Orlando Resort for approximately $1.
Representative image29th Street Capital Acquires 161-Unit Chestnut Heights Townhomes in Olathe, KansasOLATHE, KAN. — Chicago-based real estate investment firm 29th Street Capital (29SC) has acquired Chestnut Heights Townhomes, a 161-unit townhome rental community in Olathe. The property will be managed by 29th Street Living, the company’s property management platform.
MassDevelopment Adds Bran Shim as New CFOMassDevelopment announced that Bran Shim has joined the agency as EVP and CFO.
Law Firm Dunn Isaacson Rhee Leases 11K SF at 7 World Trade CenterWashington D.C.-based law firm Dunn Isaacson Rhee is establishing a new office in New York City.
SRS Real Estate Partners Completes Sale of Grocery Property in MichiganSRS Real Estate Partners has completed the $6.92 million sale of a single-tenant grocery property located at 2103 Parkview Avenue in Kalamazoo, Michigan.
New York’s Rent Freeze Was Only An Aftershock. This 2019 Law Was The Quake.Jose Tur owns two rent-stabilized rental buildings in Manhattan’s Washington Heights with a total of 45 units. The properties have been in his family for over 30 years, and the mortgages are fully paid off.
BH Properties Buys Tollway North Office Park In Plano: The DFW Deal SheetBH Properties expands its presence with the Tollway North Office Park purchase in Plano, boosting its DFW asset portfolio.
Representative imageReal Capital Solutions Launches $350M Distressed Office Acquisition FundReal Capital Solutions (RCS), a real estate investment firm headquartered in Colorado, has launched a new $350 million fund that will target acquiring distressed Class A and Class B offices across the U.S., Commercial Observer can first report.
Representative imageEl-Ad National Buys Oceanfront Fort Lauderdale Hotel for $60MDeveloper El-Ad National Properties has paid $60 million for an oceanfront hotel in Fort Lauderdale, Fla., property records show. The 99-room Sea Club Resort sits on a 1.2-acre site at 619 North Fort Lauderdale Beach Boulevard, between Belmar and Auramar streets.
Town Lane, Axis Partners Launch IOS Platform VentureTown Lane, a New York-based real estate investment management firm, has acquired a 23-property industrial outdoor storage (IOS) portfolio and launched a platform venture with Axis Partners, an Atlanta-based industrial owner and operator.
Cousins, Town Lane Complete $20M Atlanta Tower MakeoverCousins and Town Lane jointly funded a $20 million renovation of the Proscenium building, a 21-story office building in downtown Atlanta. The joint venture bought the building in 2024. The Atlanta Business Journal reports the building is now over 75% occupied.
Ryman Acquires Orlando Resorts for Record $1.38BTrinity Investments sold the Grande Lakes Orlando Resort, a 409-acre luxury complex anchored by a 582-key Ritz-Carlton (shown) and a 1,010-key JW Marriott, for $1.38 billion to Ryman Hospitality Properties, Inc.
Huff, Niehaus & Associates Brokers Sale of Quality Inn & Suites Hotel in Horse Cave, KentuckyHORSE CAVE, KY. — Huff, Niehaus & Associates has brokered the sale of Quality Inn & Suites, a 68-room hotel located at 425 Flint Ridge Road in Horse Cave. Huff, Niehaus & Associates represented the undisclosed buyer in the transaction.
Representative imageZenith IOS Acquires 14.9-Acre Facility in Duncanville, TexasDUNCANVILLE, TEXAS — Zenith IOS (industrial outdoor storage) has acquired a 14.9-acre facility in Duncanville, a southern suburb of Dallas. The crane-served property at 1200 N. Main St.