Amalia Otet
Amalia Otet leads publishing and content for Yardi products, where she turns real estate data and market trends into stories that inform and inspire. Outside of work, Amalia strives to live beautifully - one green step at a time.
W.P. Carey Affiliate Buys KBR Tower for $174.6M
The 1.04 million-square-foot KBR Tower in Houston’s Central Business District, along with its adjacent 1,500-space garage, have traded hands for $174.6 million; the buyer is Corporate Property Associates 17-Global, a public non-traded REIT affiliate of W. P. Carey Inc.
Three Orlando-Area MOBs Part of $322M Portfolio Acquired by Duke Realty
In one of the largest medical office building portfolio transactions, Duke Realty paid $332 million for 14 properties in six states. Seller Seavest Healthcare Properties LLC has divested two of its early discretionary funds in the transaction which included assets totaling more than 1.2 million square feet.
Blanca CRE Tapped to Lease Office Component of Shops at Sunset Place
Simon Property Group has selected Miami-based Blanca Commercial Real Estate as the exclusive agent for 100,000 square feet of space that will be re-purposed for office, medical and related uses at the Shops at Sunset Place.
Richman Group Plans $45M Apt. Community on Industrial Park Site
The Richman Group of Florida unveiled plans for a $45 million luxury apartment community named Gateway Centre. To be located on the 40-acre site of a former industrial park, the four-story complex will rise on Gandy Boulevard.
University Shoppes Demolition to Make Way for Student Housing Complex
The 25-year-old University Shoppes retail center across from University of Central Florida’s main entrance is set for demolition, as American Campus Communities will soon be replacing it with a new student housing complex.
Admiral Fund Joins Wood Partners in Buckhead Multifamily Deal
A newly formed joint venture between San Antonio-based Admiral Capital Real Estate and Wood Partners of Atlanta recently acquired 209 apartments within The Brookhaven high-rise in Buckhead
South Florida Multifamily Properties Trade for Combined Price of $100M
Behringer Harvard’s 560-unit Parrot’s Landing recently changed ownership, as a Toronto-based real estate investment recently paid $56.3 million for the North Lauderdale property. The Boca Raton office of ARA brokered the sale of Parrot’s Landing, which was managed by a team including Avery Klann, Marc deBaptiste and Hampton Beebe.
Highpoint Club Apartments Trade in $30 Million Deal
Tampa-based Robbins Property Associates has now assumed ownership of Highpoint Club Apartments in Orlando, following a $30 million deal. The price amounts to $86,207 per unit.
Crescent Buys 993-Acre Property for New Master-Planned Community
Following the acquisition of 993 acres in northeast Houston, Crescent Resources L.L.C. revealed plans to introduce its residential division to the Houston market. The newly acquired land, just one mile from Lake Houston and 25 miles northeast of the city’s central business district, will accommodate a new master-planned community.
$12M Parkview Gardens Affordable Community Opens in Liberty City
Over 200 low-income residents will now benefit from affordable housing, as a brand new affordable housing complex recently opened its doors in Miami’s Liberty City neighborhood.