Deals
BlackRock to Buy eFront for $1.3B
With the all-cash purchase of the Paris-based alternative investment software and solutions provider, the global asset manager will significantly enhance its technology platform.
Berengaria, Africk Family Purchase MO Retail Center
The Shoppes at North Village in St. Joseph marks the third asset the two groups bought together. The retail center is shadow-anchored by Target, Wal-Mart, Sam’s Club and Home Depot.
Madison Marquette Merges With Roseview Group
The investor and developer joined forces with the Boston-based boutique institutional real estate investment and advisory firm. Vince Costantini will serve as CEO of the combined entity.
Historic Hotel in Downtown Detroit Changes Hands
An LLC led by partners Mario Kiezi and Mike Abdulnoor bought The Royal Palm/Park Avenue Hotel and are planning a full restoration of the asset.
Mixed-Use Asset Coming to Charlotte Prime Corridor
A Lat Purser & Associates division acquired a former store, with plans to redevelop the property into 20,000 square feet of retail, restaurant and office space.
Hunt Capital Acquires Peak 8 Asset Management
The company calls the deal a strategic investment in the alternative fixed income market, Peak 8’s specialty.
InvenTrust Buys 2 Orlando-Area Retail Centers for $64M
Located across the street from each other in Winter Park, Fla., Lakeside Winter Park and Lakeside Crossing total 76,000 square feet.
Hanley Investment Brokers Sale of LA-Area Shopping Center
President Ed Hanley handled the $29.5 million transaction on behalf of both parties. The roughly 53,000-square-foot The Crossroads @ Firestone was fully leased at the time of sale.
Entrada Partners Acquires San Antonio Industrial Portfolio
The four properties have a combined 484,369 square feet and an 88 percent occupancy rate. All the assets are close to the Interstate 410 loop.
Transwestern Sells Multi-State Industrial Portfolio
A foreign institutional buyer acquired 21 logistics facilities comprising 3.5 million square feet in Illinois, Ohio, Indiana and Kentucky.