Florida
Passco Snags 400-Unit Bradenton, FL MF for $75M
Passco Cos. now owns ParkCrest Landings, a 400-unit multifamily asset in Bradenton, FL. The Irvine, CA-based buyer paid $75 million… Read more
McCombs Breaks Ground on Port Aransas Townhomes
McCombs Properties launched construction on Fairway Townhomes, located in the beachfront and golfing community of Palmilla Beach. Palmilla Beach is… Read more
Capital One Provides $74M Loan to Manor CityPlace (FL) Developers
Capital One has provided a $74 million adjustable-rate loan to partners PGIM Real Estate (formerly Prudential Real Estate Investors) and… Read more
Monmouth Delivers $38M for FL FedEx Building
Monmouth Real Estate Investment Corp. struck a deal with an undisclosed seller for a new, 310,922-square-foot industrial building in Davenport,… Read more
Two NC Multifamily Deals Yield $93M
Two separate apartment buildings in the Brier Creek area of Raleigh, NC, recently sold for a combined value of $93… Read more
Brookwood Financial Gains $46M from Ft. Lauderdale Sale
Brookwood Financial Partners ended its two-year hold on the Plaza 100 office building in Fort Lauderdale, selling it to Zurich… Read more
Preferred Pays $158M for Hines REIT Grocery Portfolio
Preferred Apartment Communities, Inc. (PAC) struck a deal with Hines non-listed Real Estate Investment Trust to acquire seven grocery-anchored shopping… Read more
Tampa REIT Pays $117M for OKC Medical Portfolio
Carter Validus Mission Critical REIT II (CVMC REIT II) has closed on the HPI portfolio, a nine-property medical real estate… Read more
Regency Closes Land, Sets Ground Breaking for $40M Village at Tustin Legacy
Jacksonville, FL-based Regency Centers Corp. closed a 20.9-acre land acquisition for The Village at Tustin Legacy, a $40-million neighborhood center… Read more
Office Depot To Close 300 Stores by 2018
Office Depot has announced closure of 300 stores during the next three years in an effort to cut annual cost… Read more
Condor Hospitality to Own 254-Room Aloft Atlanta Downtown
Condor Hospitality Trust Inc. has entered into a joint venture with Three Wall Capital to acquire the 254-room Aloft Atlanta.… Read more
Weingarten Pays $285M for Miami Open-Air Retail
Weingarten Realty Investors acquired the 664,000-square-foot Palms at Town & Country in Miami. The Houston-based REIT paid TIAA-CREF $285 million… Read more
Treasury Expands Shell Company All-Cash Deal Program to CA
The U.S. Treasury Department is expanding a program to California deemed successful in Manhattan and Miami that tracks real estate purchases by shell companies.… Read more
Lingerfelt Takes Ownership of 196K-SF in Jacksonville, FL
Lingerfelt CommonWealth Realty Partners LLC bought the 196,649-square-foot Stein Mart Building at 1200 Riverplace Blvd. in Jacksonville, FL. The Richmond,… Read more
Workplace Property Trust To Pay $969M for 108 Assets
Workplace Property Trust (WPT), based in Horsham, PA, has struck an agreement with Liberty Property Trust to acquire 108 office… Read more
Wal-Mart is Saving “Ugly” Fruit
Last week, we shared an article about how half of the food production in the U.S. is wasted. In an effort… Read more
One Front St. On Market for $520M
One Front Street is being marketed for sale by Eastdil Secured in a deal that could exceed $520 million. The… Read more
Lennar Sells IL-Based Tapestry Apartments for $73M
Lennar Multifamily Communities sold a 298-unit apartment property, Tapestry, to Stockbridge Capital Group, a San Francisco investment firm. Seller Lennar… Read more
Yacht Manufacturer Bertram to Establish Tampa HQ for $35M
Yacht manufacturer Bertram, LLC has announced it will establish its international headquarters and manufacturing center in Tampa, FL. The company… Read more