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October 23, 2024

AppFolio Buys LiveEasy

By vertically integrating LiveEasy and offering its services as part of FolioSpace Resident Onboarding, AppFolio hopes to reduce the stress of moving, deliver increased convenience, and save renters time and money....

By Dealmakers Staff

June 18, 2024

Beachwood Buying Fairmount Temple Property

The City of Beachwood has agreed to buy the Anshe Chesed Fairmount Temple property at 23737 Fairmount Blvd. for $8 million....

By SBN Staff

January 19, 2024

reAlpha Tech Corp. Enters into Letter of Intent to Acquire United Software Group

reAlpha Tech Corp., a real estate technology company focused on developing, utilizing and commercializing real estate-focused artificial intelligence to drive efficiency, sustainability and growth,...

By Staff Reports

January 5, 2024

Exploring Capital Options In A Challenging Market

Working within the commercial real estate space, Spencer Pisczak, president and founding Member of Premier Development Partners, says the current climate is in many ways a challenge. "The big problem...

By Adam Burroughs

January 5, 2024

Even With Experience, Selling A Family Business Can Be A Challenge

Recently, Jeff Gershman, Chairman of the Board, of Gershman Mortgage & Gershman Investment Corp., sold Gershman Commercial Real Estate, a brokerage and property management company. Through his law...

By Adam Burroughs

March 31, 2023

reAlpha Asset Management Inc. Acquires Real Estate Syndication Platform Rhove

reAlpha, an AI-powered real estate technology and investment company with a goal to empower everyone with the ability to invest in the $1.2 trillion global short-term rental (STR) market, announced...

By Dan Pender

March 10, 2023

Howard Hanna Partners with Coach Realtors

Howard Hanna Real Estate Services announced it will join forces with Coach Realtors real estate firm based on Long Island, N.Y., forming Howard Hanna | Coach Realtors – the No. 1 independently-owned...

By Dan Pender

October 28, 2022

The Unexpected Outcomes of Royal Capital Group’s Community Development

Royal Capital Group Founder and CEO Kevin Newell discovered that when living conditions improve, so do the mental and physical health of those living in the neighborhoods he’s developed. This approach opened a new capital stream through UnitedHealthcare, which is now the largest private investor, providing $5.4 million in equity funding for one of his latest endeavors....

By Dan Pender

December 2, 2021

Transaction Readiness in a Post-COVID World

Mike Baird, John Mastrantoni, Floyd Trouten and David Black assess ways to strengthen the core of your business by addressing common challenges faced by middle market companies....

By Adam Burroughs

August 6, 2020

MRI Software Buys MacMunnis

Solon-based MRI Software has acquired Chicago-based MacMunnis Inc., a provider of lease administration solutions to  businesses managing complex lease portfolios....

By Michael Marzec

July 27, 2020

RVI sells Lowe’s - Newnan Crossing

Retail Value Inc. closed on the sale of the Lowe’s at Newnan Crossing for $15.6 million....

By Adam Burroughs

May 5, 2020

University Corners Retail Center Bought By Konover South In $3M Deal

A loan in the amount of $2.3 million was provided by KS Lending Corp., a Konover South company, and the center was acquired through Ten-X Commercial....

By Mark Scott

March 18, 2020

Washington Prime Group reduces its common dividend

Due to the heightened uncertainty relating to the duration and potential impact of the coronavirus pandemic, Washington Prime Group Inc. plans to enhance its overall liquidity position, which includes a further reduction of the company’s cash dividend for common shares and operating partnership units....

By Jayne Gest

March 9, 2020

DHL Supply Chain’s North American headquarters sold

Arch Street Capital Advisors and VEREIT have acquired DHL Supply Chain’s North American Headquarters in Westerville. The property, located within the recently developed Westar Place Business Park, is a new, build-to-suit, 145,000 square foot class A office building....

By Jayne Gest

March 5, 2020

Ikos raises early-stage venture capital round

Ikos Holdings Inc. recently raised $855,832 of venture funding in the form of convertible debt from undisclosed investors, according to PitchBook....

By Jayne Gest

February 28, 2020

Stark Enterprises, Campus Advantage Buy UF Student Housing Properties

This is the third joint project between Campus Advantage and Stark Enterprises....

By Mark Scott

February 26, 2020

Retail Value Sells Tucson Spectrum For $84M

Net proceeds equal to 105% of the property’s allocated loan amount were used to repay mortgage debt associated with Beachwood-based RVI with the remaining proceeds retained as cash....

By Mark Scott

February 20, 2020

Washington Prime Group sells interest in eight outparcels

Columbus-based Washington Prime Group Inc. has executed a letter of intent with Spirit Realty Capital Inc. for the sale of the fee interest or leasehold interest in eight outparcels for approximately $14.2 million....

By Jayne Gest

February 19, 2020

Retail Value Closes $60M Sale Of Hamilton Commons

Net proceeds equal to 105% of the property’s allocated loan amount were used to repay mortgage debt associated with RVI with the remaining proceeds retained as cash....

By Mark Scott

February 18, 2020

Volvo industrial building in Lewis Center purchased

An affiliate of Covington Group Inc., a Dallas commercial real estate company, has purchased a 583,000-square-foot bulk distribution warehouse at 8355 Highfield Drive in Lewis Center, Ohio. The building, on a 31-acre site, is occupied by Volvo Group North America....

By Jayne Gest

February 3, 2020

MSF Real Estate Capital sold to Walker & Dunlop

Walker & Dunlop Inc. expanded its debt brokerage team to Columbus, with the acquisition of MSF Real Estate Capital, an independent commercial real estate finance firm in Dublin....

By Jayne Gest

February 3, 2020

122-unit multifamily community sold

New York-based Sapphire Partners has acquired a 122-unit multifamily community in Columbus, adding it into its owned portfolio with a long-term, value-add investment. The property, previously known as Roundtree Rentals, is to be rebranded as Parkside at Maple Canyon....

By Jayne Gest

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