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Real Estate - Articles

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

July 22, 2019

REIT buys distribution center leased to Pepsi unit

Canada's Granite REIT bought a total of three industrial properties including an 802,390-square-foot distribution center near Rickenbacker International Airport....

By Jayne Gest

July 15, 2019

Timber Trail Townhomes refinanced

Timber Trail SIG refinanced 12 two-story, garden-style buildings in Columbus with a Freddie Mac Small Balance Loan of $6.4 million from Hunt Real Estate Capital....

By Jayne Gest

July 11, 2019

Three-building purchase finalizes Teva Pharmaceuticals’ R&D campus in West Chester

Teva Pharmaceuticals USA Inc. has completed the purchase of three buildings on Brandywine Parkway in West Chester, which, together with three other buildings Teva owns in the same corporate park, firmly establishes a North America Research & Development campus focused primarily on biologics....

By Adam Burroughs

July 3, 2019

JLL Income Property Trust Acquires San Diego Medical Office Campus

The property was acquired for $90 million, below its estimated replacement cost....

By Mark Scott

July 2, 2019

800 Walnut Street sold for $99.25M

Malvern-based Liberty Property Trust, which developed the property in 2013 for an investment of $48.5 million, sold it to...

By Adam Burroughs

July 1, 2019

Fisher Building Owners Close On $36M Refi Loan

The deal provides New York-based HFZ Capital and The Platform, a private development firm in Detroit, with money to knock out prior debt on the building, according to a statement on the UC Funds website, clearing the way for preservation work....

By Mark Scott

July 1, 2019

JLL Completes $1.8B Deal To Buy HFF

The deal creates a global team of more than 3,700 capital market professionals across 47 countries, and is intended to deliver new expertise and scale, as well as more extensive market coverage and greater deal flow....

By Mark Scott

June 25, 2019

Brennan, Arch Street Form 8th JV, Complete First Deal

Over the past six years, Brennan and Arch Street have collectively acquired 102 properties comprising nearly 22 million square feet in the single-tenant, net lease sector....

By Mark Scott

June 24, 2019

Gores Forms JV To Redevelop Palace Of Auburn Hills Land

Schostak Brothers will serve as the lead partner and manage the future mixed-use development, which is expected to include corporate office, research & development and technology companies. The Palace was the home of Detroit’s NBA franchise from 1988 to 2017....

By Mark Scott

June 20, 2019

Compass Self Storage adds to Florida presence with Largo deal

The newest Compass self-storage center has more than 98,000 net rentable square feet and offers a mix of climate and non-climate drive-up units....

By Adam Burroughs

June 20, 2019

Former Westinghouse Nuclear headquarters campus purchased

Next Tier Connect has acquired a 505,000 square-foot mixed-use campus in Monroeville, Pennsylvania, which served as the former Westinghouse Nuclear headquarters. The property is the first acquisition of a national portfolio that should include select real estate and mission critical properties....

By Jayne Gest

June 14, 2019

Edgewater apartments bought by Maryland’s FCP for $117.9M

The 286-unit luxury high rise apartment community at 2323 Race Street in Center City Philadelphia was acquired from institutional investors advised by J.P. Morgan Asset Management....

By Adam Burroughs

June 14, 2019

Balfour Beatty buys second Memphis multifamily community

The 300-unit community, which is in the Memphis suburb of Bartlett, consists of one-, two- and three-bedroom apartment homes....

By Adam Burroughs

June 11, 2019

Toronto REIT closes purchase of New Albany logistics facility

Dream Industrial REIT has completed its acquisition of a 264,000-square-foot logistics facility in the New Albany International Business Park for $23.8 million....

By Jayne Gest

June 7, 2019

John Paul DeJoria buys Former McDonald’s HQ Site

The entrepreneur will assume ownership of the 80-acre site that includes the McDonald’s former campus office building, Hamburger University training facility and The Hyatt Lodge....

By Mark Scott

June 5, 2019

BGL Handles Real Estate Sale Of Dialysis Center Portfolio

Brown Gibbons Lang & Co. announced the real estate sale of Bay Area Regional Dialysis Center Portfolio, consisting of two dialysis centers totaling approximately 20,861 rentable square feet, located in Saginaw and Essexville, Michigan....

By Mark Scott

June 4, 2019

Rebel Capital intends to acquire Pittsburgh data center for $32M

The Vancouver-based capital pool has entered a non-binding letter of intent with Chief Commercial Construction to buy a 7.65-acre site contains a 91,790 square foot data center with a three-story connected 43,800 square foot office property....

By Jayne Gest

June 4, 2019

Multifamily Real Estate Assets Prove Lucrative for Citymark Capital

The real estate investor is realizing healthy returns for investors from its platform that invests in value-add apartments with operating partners....

By Mark Scott

June 3, 2019

JLL Income Property Trust Acquires Dallas Distribution Center

The property is located five miles south of DFW International Airport, making it attractive to local distributors and national companies alike....

By Mark Scott

May 31, 2019

Italy's Tiberina Purchases 10 Acres Of Industrial Land

ICP, a Cleveland-based developer, and IRG, a real estate development and investment firm based in Los Angeles, originally acquired the property in 2014 from Detroit’s American Axle & Manufacturing Inc....

By Mark Scott

May 29, 2019

Brennan Investment, Arch Street Capital Acquire Distribution Facility

The purchase of the 1.3 million-square-foot True Value Co. distribution facility is the 10th and final acquisition in their joint venture....

By Mark Scott

May 23, 2019

Citadel Center reportedly on the block

New York-based Angelo Gordon & Co. and Houston-based Hines Interests reportedly have hired hired HFF to market the 37-story Loop office tower at 131 S Dearborn St....

By Michael Marzec

May 16, 2019

Four real estate firms merge under Howard Hanna umbrella

Kuzneski & Lockard, the leading independent real estate firm in Pennsylvania’s Indiana County, will align with Howard Hanna Real Estate Services. In conjunction with the franchise partnership, Howard Hanna Kuzneski & Lockard simultaneously announced mergers with Chestnut Ridge Realty and Susan Moore Real Estate....

By Jayne Gest

May 16, 2019

JLL Income Property Trust Acquires Suburban Seattle Apartment Community

JLL Income Property Trust paid $81.8 million to acquire Stonemeadow Farms, a 280-unit premier apartment community in Bothell, Wash., a town less than 20 miles from Redmond, Bellevue and Seattle....

By Mark Scott

May 15, 2019

Aurora Shopping Center Orchard Crossing Acquired in $2.9M Deal

Denver-based Baceline Investments has purchased the Aurora shopping center Orchard Crossing in a $2.9 million deal that is part of the company’s value-add Opportunistic Strategy portfolio....

By Mark Scott

May 15, 2019

Naperville Shopping Plaza Scooped Up By Cincinnati REIT

Naperville Crossings, a 147,000-square-foot shopping and lifestyle center in the desirable Chicago suburb, is being acquired by Cincinnati-based Phillips Edison & Co. Inc....

By Mark Scott

May 14, 2019

Industrial Commercial Properties buys former Sears distribution center

Cleveland-based Industrial Commercial Properties LLC has acquired a 570,000-square-foot, former Sears distribution center on 42.8 acres, in the Columbus suburb of Groveport. This is ICP's fourth Sears property purchase since 2014....

By Jayne Gest

May 14, 2019

Red Mortgage Capital closes $22M rural affordable portfolio

Red Mortgage Capital closed a $22 million joint venture portfolio that will be used to rehabilitate 14 properties in 12 rural Texas communities, preserving the affordability of 556 housing units....

By Jayne Gest

May 14, 2019

Pittsburgh REIT Alpha buys second opportunity zone project

Alpha Capital Partners, a Pittsburgh-based real estate investment and development firm, has acquired University Place in Lafayette, Louisiana. University Place is Alpha’s 10th student housing community and the second of five identified projects in Alpha’s Opportunity Zone Fund....

By Jayne Gest

May 9, 2019

Ikos raises $4M in round led by Draper Triangle Ventures

The round includes new investors ValueStream, a New York City-based growth fund, as well as existing regional investors Birchmere Ventures and Riverfront Ventures....

By Jayne Gest

May 9, 2019

Compass Self Storage acquires 17th unit in Atlanta

Compass Self Storage, a member of the Amsdell family of companies, has acquired a self storage center in Buford, Georgia, which represents the 17th Compass Self Storage location in the Greater Atlanta area and its 89th location nationwide....

By Adam Burroughs

May 8, 2019

Alpha Capital Partners continues buying property in Memphis

The Pittsburgh private equity real estate investment firm purchased the first phase of 266 Lofts, 77 units, in March 2018....

By Jayne Gest

May 6, 2019

Gladstone Commercial purchases Inno-Pak building in Delaware

The 7.18-acre site is zoned for additional density, providing the opportunity to expand the facility by approximately 50,000 square feet....

By Jayne Gest

May 3, 2019

Streetsboro Crossing shopping center changes hands

Streetsboro Crossing shopping center has been sold by New York-based Brixmor Property Group Inc. to an affiliate of Pine Tree LLC. Terms of the acquisition were not announced....

By Adam Burroughs

April 29, 2019

Real estate firms pay $38M to buy seven-building industrial complex

The seven-building complex, the 79 North Industrial Portfolio, is 99 percent leased to 21 tenants including Amazon, Verizon, Chrysler and Safelite Glass....

By Jayne Gest

April 24, 2019

Maitri gets a partner, property in Innovative Industrial Properties deal

IIP agreed to provide the Southwestern PA medical marijuana company reimbursement of up to $10 million to complete tenant improvements for the building....

By Adam Burroughs

April 23, 2019

Transwestern Investment buys three industrial buildings in Columbus

Dallas-based Transwestern Investment Group has acquired a 1.5 million-square-foot industrial portfolio in Southeast Columbus....

By Jayne Gest

April 15, 2019

Magic Plus acquires Michigan State Fairgrounds

Magic Johnson and Joel Ferguson's Magic Plus has closed its acquisition of the former Michigan State Fairgrounds property on Detroit's Woodward Avenue....

By Mark Scott

April 12, 2019

Gilbert buys Fowler building

Dan Gilbert is buying one of the last vacant buildings along Detroit’s Woodward Avenue shopping corridor....

By Mark Scott

April 8, 2019

RVI sells Mariner Square shopping center for $17M

Subsequent to the transaction, RVI owns interests in 22 properties located in the continental U.S. and 12 properties in Puerto Rico....

By Adam Burroughs

April 4, 2019

Class Valuation buys Texas valuation firm

The deal marks the second acquisition by Class Valuation, a real estate collateral valuation and appraisal management company for the residential mortgage industry....

By Adam Burroughs

March 28, 2019

Cincinnati developer sweeps up Columbus industrial properties

Cincinnati’s Neyer Properties has purchased two Columbus properties totaling 400,000 square feet of available industrial space, representing its second and third purchases in the Columbus market in the past six months....

By Adam Burroughs