Subscribe to Smart Business Dealmakers
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
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
