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January 22, 2020

Walton Street Capital, CT Realty Acquire Columbus, Ohio Parcel

CT acquired the 382-acre property in a joint venture with Walton Street Capital, a Chicago-based private equity real estate investment firm that has invested over $11 billion in real estate equity....

By Mark Scott

January 22, 2020

BGL Sells Texas Medical Office Building

Brown Gibbons Lang & Co. announced the real estate sale of the Musculoskeletal Institute of Tyler, consisting of approximately 68,952 total rentable square feet....

By Mark Scott

January 22, 2020

382 acres in Rickenbacker Industrial Park purchased

CT Realty and Walton Street Capital have purchased 382 acres of industrial land in Columbus, for the development of 5.7 million square feet of large scale warehouse and distribution space....

By Jayne Gest

January 21, 2020

The Shops at Worthington Place has a new owner

Dallas Investment company Direct Retail Partners has purchased The Shops at Worthington Place for a reported $19.8 million....

By Jayne Gest

January 21, 2020

Radian Group sells Clayton Services to Covius Holdings

The sale is consistent with Radian’s strategic focus on its core mortgage and real estate businesses and reflects the repositioning of its services segment initiated in 2017....

By Adam Burroughs

January 15, 2020

Retail Value Inc. Sells Georgia Shopping Parcel In $11.6M Deal

Net proceeds were used to repay mortgage debt associated with RVI....

By Mark Scott

January 8, 2020

M/I Homes sells Easton office building to Alterra

Brad Kitchen, president of Alterra Real Estate Advisors, has purchased the five-story building occupied by M/I Homes corporate office at 3 Easton Oval, for $6.5 million. At $75 per square foot, Kitchen saw a value-add opportunity with this property....

By Jayne Gest

January 7, 2020

ORIX Real Estate combined with Hunt Real Estate Capital

ORIX Corp. USA, the U.S. and Latin America business hub for Tokyo-based ORIX Corp., has completed the acquisition of New York-based Hunt Real Estate Capital LLC. ORIX USA will combine Hunt Real Estate Capital with its two Columbus-headquartered ORIX Real Estate Capital brands, Lancaster Pollard and RED Capital Group....

By Jayne Gest

January 7, 2020

Green Courte Partners Buys 10th Senior Living Community

GCP’s wholly owned senior living operator, True Connection Communities, will manage the community....

By Mark Scott

January 6, 2020

Parkway West building sold for $41.4M

2000 Park Lane Drive, a 234,859 square foot, seven-story, Class A office property in Pittsburgh, was acquired for $41.4 million, which equates to $176 per square foot, by Property Income Advisors Inc., which was advising a Gulf-based client....

By Jayne Gest

January 2, 2020

The Clare At Rush And Pearson Sold To LCS

New York-based Fundamental Advisors LP announced the sale of The Clare at Rush and Pearson, a senior housing community in Chicago, to Des Moines, Iowan-based LCS, the nation's second-largest operator of senior living communities....

By Mark Scott

December 23, 2019

Virginia firm purchases Chase Tower

Lingerfelt CommonWealth Partners LLC, a Richmond, Virginia-based commercial real estate investment firm, has acquired a 24-story office tower in downtown Columbus. Chase Tower is currently 60 percent occupied and presents a significant repositioning opportunity in a market that has historically experienced office occupancies above 90 percent....

By Jayne Gest

December 18, 2019

Cobblestone Closes Real Estate Fund After Raising $72M

To date, the fund has invested approximately $31 million across eight properties in Arizona, California, Florida and Nevada....

By Mark Scott

December 11, 2019

Palumbo-Led Group Sells River North Office Building In Chicago

Built in 1906, the office building recently went through a multi-million-dollar renovation....

By Mark Scott

December 6, 2019

Howard Hanna purchases Toledo realty firm

Pittsburgh-headquartered Howard Hanna Real Estate Services, the third largest real estate company in the U.S. and the largest home seller in the state of Ohio, has acquired Sulphur Springs Realty in Northwest Ohio....

By Jayne Gest

December 6, 2019

JLL Income Property Trust Buys AZ-Based Distribution Center In $31M Deal

Chandler Distribution Center is a 211,000-square-foot, Class A industrial asset located in the southeast submarket of Phoenix....

By Mark Scott

December 3, 2019

Westinghouse’s Cranberry campus to be sold

The Westinghouse campus in Cranberry Woods is now under contract to a new owner, according to New York-based Columbia Property Trust, which is handling the disposition....

By Jayne Gest

November 26, 2019

Industrial Commercial Properties Buys Former Kmart Building In Garfield Heights

The structure, with its height and column spacing, is believed to be adaptive to redevelopment. ICP plans to update the facility, including the exterior....

By Mark Scott

November 20, 2019

Rockwell Automation Building Sells For $61M

Mohr Capital, a Dallas-based, privately held real estate investment firm, has sold the 460,000-square-foot net leased office building in Mayfield Heights....

By Mark Scott

November 19, 2019

VineBrook Homes buys 951 homes

Dallas-based VineBrook Homes Trust Inc. has acquired 951 single family rental homes from a respected and unaffiliated third party owner and operator focused on the workforce segment of single family rental homes. The transaction expands VineBrook’s existing footprint in Columbus and expands into the Pittsburgh market....

By Jayne Gest

November 11, 2019

Citymark Capital Buys Suburban Atlanta Property In $69.4M Deal

The acquisition of the Evergreen portfolio represents Citymark’s 12th transaction since its inception in 2015, bringing total units acquired to 3,345 and approximately $513 million of gross asset value....

By Mark Scott

November 7, 2019

Atkins Cos buys West Mifflin medical office building

Atkins Companies has acquired a 26,174-square-foot medical office building in West Mifflin. The outpatient facility is fully leased by Allegheny Health Network and bolsters the New Jersey firm's portfolio in the rapidly growing Pittsburgh metropolitan area....

By Jayne Gest

November 5, 2019

Golub & Co., Farpoint Team Up To Buy Prairie Shores

The Goldman Sachs Urban Investment Group is the largest equity investor in the acquisition....

By Mark Scott

November 4, 2019

Lancaster Pollard, Red Capital parent ORIX expands

ORIX USA has agreed to acquire the commercial real estate lender Hunt Real Estate Capital LLC. The acquisition combines the financial strength of ORIX USA and the complementary product offerings of ORIX Real Estate Capital brands — Columbus-headquartered Lancaster Pollard and Red Capital Group — with Hunt Real Estate Capital’s focus on multifamily investors....

By Jayne Gest

October 31, 2019

Alpha Capital Partners purchases Memphis apartment complex

Alpha Capital Partners, a Pittsburgh-based real estate investor, has acquired Number 10 Main Apartments, a 182,392 square foot mixed-use multifamily property in Memphis’ downtown area....

By Jayne Gest

October 30, 2019

FirstEnergy Extends Lease To Retain Akron HQ

As part of the agreement, Ann Arbor, Michigan-based McKinley will make substantial capital contributions to FirstEnergy over the next five years for workspace modernization and updates....

By Mark Scott

October 29, 2019

Liberty Property Trust to be acquired by Prologis

Liberty Property Trust is set to be acquired by Prologis Inc. in an all-stock transaction, valued at approximately $12.6 billion....

By Adam Burroughs

October 29, 2019

Proper Rate Is New Joint Venture For Guaranteed Rate, @properties

The new company, which plans to launch early in 2020, intends to deliver a high-end, customer-focused retail mortgage lending experience and drive growth in select markets around the country....

By Mark Scott

October 28, 2019

JACK Cleveland Casino, Thistledown Racino Sell To VICI In $843M Deal

JACK Entertainment has invested more than $700 million into both facilities and will continue to operate them going forward, says CEO Mark Dunkeson....

By Mark Scott

October 15, 2019

Fairways of Naperville Apartment Community Is Sold

The 17-acre garden style property includes 13 two-story residential buildings as well as a clubhouse, fitness center, dog park and other in-demand amenities....

By Mark Scott

October 3, 2019

Crawford Hoying buys downtown Dayton building

Dublin developer Crawford Hoying has purchased the Mendelson building on East First Street in downtown Dayton. Previously home to Mendelsons Liquidation Outlet, the more than 550,000 square foot, eight-story building will be the newest addition to the Water Street District....

By Jayne Gest

October 2, 2019

Second purchase by Allen Tate Realtors, a Howard Hanna sister company

Howard Hanna Real Estate Services’ sister company, Allen Tate Realtors made its second acquisition since partnering with Howard Hanna. Allen Tate acquired Realty One, an independent residential brokerage firm based in Winston Salem, North Carolina, serving the greater Triad region....

By Jayne Gest

October 1, 2019

SITE Centers to offload 15% of DDRTC joint venture

SITE Centers Corp. is set to sell its 15 percent stake in the DDRTC joint venture to its partner, TIAA-CREF, based on a gross fund value of $1.14 billion....

By Adam Burroughs

October 1, 2019

Golub & Co. Buys Chicago Loop Office Tower Burnham Center

Golub & Co. plans to refresh the tenant amenities, which include a fitness center, private tenant lounge, and conferencing facilities. Ground-floor retail includes a mix of national and regional tenants....

By Mark Scott

September 19, 2019

Riverside invests in Blue Moon Estate Sales

Blue Moon will complement existing Riverside platform Best Life Brand’s home care and assisted living placement services....

By Adam Burroughs

September 19, 2019

Best Life Brands Completes Deal To Buy NC-Based Blue Moon Estate Sales

The deal marks the third brand on Best Life Brands' roster and is part of the parent organization's strategic plan to add complementary companies that serve older adults and people with diverse needs in a more effective and holistic way....

By Mark Scott

September 16, 2019

Howard Hanna sister company buys North Carolina Realtor

Howard Hanna Real Estate Services’ sister company, Allen Tate Realtors®, has acquired Blowing Rock Investment Properties, an independent residential real estate company serving Blowing Rock, Boone and surrounding areas. This acquisition marks Charlotte-based Tate’s entry into North Carolina’s High Country region....

By Jayne Gest

September 12, 2019

Coastal Ridge Real Estate buys student housing from Chicago, Houston sellers

Coastal Ridge Real Estate purchased Sterling 920 Terrace, a 260-unit, 775-bed luxury student housing project near Arizona Statement University, in a joint venture with Canada’s iA Financial Group. The sellers were Houston-based The Dinerstein Companies and Chicago-based Harrison Street Real Estate....

By Jayne Gest

September 6, 2019

Alpha invests in opportunity zone near Rickenbacker

Alpha Capital Partners, a Pittsburgh-based real estate investment firm with opportunity zone investment projects, has acquired Hamilton Creek Apartments, a 45-acre townhome-style multifamily property next to the Rickenbacker International Airport. Alpha plans to rebrand Hamilton Creek and spend $9 million in upgrades on the Columbus property....

By Jayne Gest

September 4, 2019

Boston REIT completes $90.5M of purchases in four markets

Plymouth Industrial REIT Inc. completed its previously announced acquisitions of industrial buildings in Chicago, Columbus, Cincinnati and Memphis, totaling 2.2 million square feet, for $90.5 million. The acquisitions were funded with proceeds from the company’s May equity offering, borrowings on its expanded credit facility and the assumption of existing mortgage loans....

By Jayne Gest

September 3, 2019

Inland Private Capital Sells Multifamily Property In $15M Deal

As of June 30, IPC had sold more than $770 million in assets within the residential sector, including both multifamily and student housing properties....

By Mark Scott

August 27, 2019

Rubenstein Partners buys Chesterbrook Corporate Center

Philadelphia-based fund manager Rubenstein Partners has closed on its acquisition of Chesterbrook Corporate Center, a 1.1- million-square-foot, 14-building Class A office park in the Philadelphia suburb of Chesterbrook....

By Adam Burroughs

August 12, 2019

RVI sells West Allis Center for $18M

Retail Value Inc. has closed on the sale of West Allis Center in West Allis, Wisconsin, near Milwaukee, for $18.1 million....

By Adam Burroughs

August 12, 2019

Balfour Beatty buys 300-unit Jacksonville apartment community

Malvern-based Balfour Beatty Communities has acquired Landings at Lake Gray, a 300-unit apartment community located in Jacksonville, Florida....

By Adam Burroughs

August 12, 2019

Core Spaces Agrees To Strategic Partnership With Goldman Sachs

Chicago-based Core Spaces has agreed to a strategic partnership with Goldman Sachs to recapitalize and develop a portfolio of nine assets, valued at more than $600 million....

By Mark Scott

August 7, 2019

Tricap Residential Group Buys Wisteria Nine90 Apartments

This $24 million deal will add another 323 apartments to Tricap's existing portfolio, increasing its total portfolio to over 2,500 apartments....

By Mark Scott

August 6, 2019

NewRez, Shelter Mortgage, Russell Real Estate form Your Home Financial joint venture

NewRez LLC, Shelter Mortgage Co. LLC and Russell Real Estate Services form a joint venture called Your Home Financial....

By Adam Burroughs

August 5, 2019

Coeo raises angel round

Warrendale, Pennsylvania-based Coeo, which brings people and spaces together, has raised $100,100 of angel funding in the form of SAFE notes from undisclosed investors. Additionally, the company raised $30,000 of angel funding from undisclosed investors on Feb. 22, 2019....

By Jayne Gest

August 1, 2019

MobilityWorks buys Mobility Supercenter, adding four locations

MobilityWorks, a wheelchair-accessible van retailer, is adding four new locations with its acquisition of Mobility Supercenter....

By Adam Burroughs

July 25, 2019

Kassel Equity Shifts Buying From Properties To Businesses

After cutting his teeth on real estate investing, Kassel Equity found it could create more value in buying businesses than properties, says Managing Partner Brett Motherwell....

By Jayne Gest