Florida
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
Phoenix Realty Closes $35M Fractured Florida Condo Deal
Phoenix Realty Group acquired the Element at MetroWest, a 301-unit, Class A condo property from partners TM Real Estate Group… Read more
Arbor Oaks in Boca Raton Sells for $77M
Marcus & Millichap’s Institutional Property Advisors (IPA) brokered the sale of the 360-unit Arbor Oaks Apartments in Boca Raton. JRK… Read more
Panama Canal $5.4B Expansion: Ready for Business
The nine-year, $5.4-billion Panama Canal expansion project is complete. The expansion is anticipated to increase Eastern U.S. port business by 10%… Read more
Hilti Re-Ups, Inks Renewal at FL Prologis Property
Lichtenstein-headquartered Hilti retained its presence in Florida by renewing a 23,390-square-foot industrial space at Prologis Seneca Park. Hilti houses warehousing… Read more
Noble Properties Sells 160K FL Retail in 90 Days
Noble Properties has sold the 160,792-square-foot West Colonial Oaks in Orlando, FL to Triarch Capital Group for $16.5 million. The… Read more
NY-Based Dome Equities Acquires 8th FL Multifamily
Dome Equities, headquartered in New York City, has bought the 240-unit, Class A, Alta Mira from developer Wood Partners. The… Read more
Progressive Real Estate Partners Completes Meineke-Anchored Deal
Rancho Cucamonga, CA-based Progressive Real Estate Partners completed the sale of a 17,324 square-foot multi-tenant auto park to a private… Read more
Parking-Focused REIT Explores Stock Listing
San Diego-based MVP REIT Inc. and MVP REIT II Inc. are exploring a potential stock offering and capital raises. The… Read more
Gramercy Property Trust’s $76.2M Office Disposition
Gramercy Property Trust, a REIT, disposed of two large office assets for a total of $76.2 million in an effort… Read more
Starwood Acquires 31-Property Portfolio for $563.5M
Holliday Fenoglio Fowler, L.P. (HFF) closed the sale of and secured financing for a 31-property, Low Income Housing Tax Credit… Read more