Unfavorable market conditions have prompted the major apartment-owning REITs to pull back on acquisitions Some now favor development, which they say provides them with greater yield...
South Florida Business Journal Ralgo Group has paid $535 million, or $200,375/unit, for the 267-unit Treetop Apartments in Miami’s Kendall area The local real estate firm acquired the three-story community from a company led by Miami Beach...
South Florida Business Journal A venture of CP Group, The Georgetown Co, ACRE, and StepStone paid $193 million, or $23031/sf, for the 838,000-square-foot Mizner Park mixed-use property in downtown Boca Raton, Fla The sale was reported earlier this...
Crain’s Chicago Business Grand Lifestyles has paid $63 million, or $157,500/unit, for the 400-unit Foxboro apartments in the Chicago suburb of Wheeling, Ill The Skokie, Ill, company acquired the property, at 470 Foxboro Drive, from a venture...
HealthCore Foundation has paid $130 million, or $58539/sf, for a portfolio of six medical-office buildings with 222,073 square feet in the San Francisco Bay area from NorthBay Health The buildings, in Fairfield and Vacaville, Calif, will be fully...
The monthly rents that the country's largest apartment REITs generated during the third quarter increased by 142% from the second quarter to an average of $1,926/unit That compares with the 049% increase in rents they reported in the second quarter...
New York Business Journal Oppenheimer Holdings Inc has leased 220,000 square feet of office space at 32 Old Slip in Lower Manhattan for its new headquarters The New York investment banking and wealth-management firm will occupy six full floors at...
Crain’s Chicago Business A venture led by Ken Buckman and Bert Castillo has paid nearly $30 million, or $6802/sf, for the 441,034 square feet of office space at 121 West Wacker Drive in downtown Chicago The local investors acquired it from...
Commercial Real Estate Direct Staff Report An affiliate of Bronstein Properties has paid $41 million, or nearly $195/sf, for the 210,853-square-foot Gardens retail property in the northwestern New Jersey community of Flanders Bronstein, a Forest...
Crain’s Chicago Business ICM Properties has paid $31 million, or $430,556/unit, for the 72-unit Medallion apartment property in Chicago’s Lakeview neighborhood The Chicago company acquired the property, at 3121 North Broadway, from JSM...
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