Florida
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
52-Story Ultra-Lux Ritz-Carlton Residences Breaks Ground
Ritz-Carlton Residences, Sunny Isles Beach, a 52-story oceanfront tower that is setting record sales prices in Miami, broke ground this… Read more
Historic Art Deco Building Hits Miami’s Market
The historic Walgreens Building, an Art Deco property in downtown Miami, just hit the market and is being positioned as a… Read more
Mid-Year Report Card: Economic Down-Shift and Recession?
By Dennis Kaiser Connect Los Angeles brought together nearly 500 CRE leaders last week for an information-packed conference in DTLA.… Read more
130K-SF Utah Office Goes to Vectra Management
Vectra Management Group (VMG) acquired a 130,000-square-foot office building at 888 S. University Park Blvd. in Clearfield, UT. The 15-year-old… Read more
$57M Coral Gables’ Office Sale is Largest of Year
Zurich Insurance Group, headquartered in Switzerland, has acquired the 164,848-square-foot 2121 Ponce de Leon Blvd. office tower in Coral Gables,… Read more
JLL Acquires Construction Consultant Merritt & Harris
In a move to boost its project and development offerings, Jones Lang LaSalle (JLL), headquartered in Chicago, acquired Merritt &… Read more
Pebblebrook Hotel’s Dispositions Total $114M
Pebblebrook Hotel Trust, based in Bethesda, MD, has closed on the separate sales of Viceroy Miami in Miami, Florida for… Read more
Dividend Capital Pays $66M for Florida Retail Center
Denver-based Dividend Capital Diversified Property Fund acquired the 82,000-square-foot Suniland Shopping Center in Pinecrest, FL. The buyer paid $66.5 million… Read more
Prudential’s $65M Loan Spurs Orlando Apartment Buy
Prudential Capital Group’s $65 million loan package has helped finance the acquisition of Grandeville at Avalon Park in Orlando, FL.… Read more
Pierce Education Now Owns Gainesville Student Housing
Pierce Education Properties acquired the Pavilion on 62nd, an off-campus student-housing property in Gainesville, FL serving the University of Florida… Read more