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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

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