Bisnow Dean Adler, who co-founded investment manager Lubert-Adler, has agreed to buy the former Franklin Mills Mall in Philadelphia, with plans to redevelop it into mixed uses Adler would invest $100 million into remaking the 37-year-old shopping...
Nashville Business Journal Anchor WeHo Owner LLC has bought Braxton Music City, a 236-unit apartment complex in Nashville, Tenn, for $544 million, or $230,508/unit The company, led by New Jersey investor Aaron Friedman, purchased the two-building...
South Florida Business Journal An affiliate of Brasswater has paid $20 million, or $15616/sf, for the 128,071-square-foot office property at 6806-6814 North State Road 7 in Coconut Creek, Fla The Montreal real estate investor purchased the property...
Commercial Real Estate Direct Staff Report Bascom Group has paid $103 million, or $350,340/unit, for the 294-unit Ellison apartment property in Las Vegas The Irvine, Calif, investment manager acquired the property, at 9235 West Russell Road, from...
Commercial Observer A venture of Sovereign Partners and HudsonPoint Capital has agreed to pay about $385 million, or $70772/sf, for the 544,000-square-foot office building at 575 Fifth Ave in Midtown Manhattan It is buying the 40-story building from...
Dallas Business Journal Sterling Organization has bought Village at Allen, a 106 million-square-foot retail complex in suburban Dallas The West Palm Beach, Fla, private equity firm purchased the property through its $600 million Sterling Value Add...
State Farm Mutual Automobile Insurance Co has provided $52 million of financing against three industrial properties with 420,086 square feet in Ontario and Rancho Dominguez, Calif Northmarq arranged the loan on behalf of the owner, Carson Cos of...
Commercial Observer An investor group led by John Choi has paid $3355 million, or $203,636/unit, for four apartment buildings with a total of 165 units near Central Park in Manhattan The group, operating as Bando Geny 4 LLC of Los Angeles, bought...
Commercial Real Estate Direct Staff Report Ben-Josef Group Holdings has paid $38 million, or $883,721/unit, for the 43-unit apartment property at 525 Union Ave in the Williamsburg section of Brooklyn, NY The New York investor acquired the property...
Atlanta Business Chronicle Local investor Zalik Investment Group has bought the One and Two Midtown Plaza office buildings with a combined 506,108 square feet in Atlanta’s Midtown area The buzz is that Zalik bought the two for more than $60...
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