Deals
Preferred Apartment Communities Grabs 2 Retail Assets
Publix grocery stores anchor both community shopping centers, which total nearly 140,000 square feet in the Nashville and Atlanta areas.
Retail Expansion Kicks Off Near Atlanta
The second phase of The Shops at Belmont will add more than 10,000 square feet to the property. Two tenants have signed leases and expect to open this fall.
Clarius Trades Phoenix Industrial Property
The two-building asset opened in 2017 and contains nearly 200,000 square feet. The structures are 71 percent leased to four tenants.
Vision Real Estate Expands NJ Office Footprint
The firm purchased 20 Waterview Blvd. in Parsippany from Mack-Cali Realty Corp. for $12.9 million. The building is set to undergo extensive interior and exterior renovations.
Konica Minolta Consolidates US Operations
The technology and IT services firm sold its Ramsey, N.J., headquarters through a sale-leaseback and acquired an adjacent industrial asset. The new campus will create 400 new jobs and house the firm’s current Connecticut operations.
Forest City JV Buys $300M Stake in Cambridge Assets
The properties include 486,000 square feet of predominantly life sciences office space, in addition to a parking facility and commercial space.
Midtown Miami Hotel Lands $21M Construction Loan
The 153-room hotel—expected to open in mid-2019—will be situated at the corner of Northeast 34st Street and Biscayne Boulevard, a few blocks away from the Shops at Midtown Miami.
JPA Management Sells Maine Shopping Center
Falmouth Shopping Center is currently 89 percent leased to anchor-tenant Shaw’s Supermarket, as well as Goodwill, Bank of America, Ocean State Job Lot and Sullivan Tire.
Cabinet Distributor Expands Houston HQ
Asia Cabinetry renewed its headquarters lease, expanding its footprint to more than 41,000 square feet in the Class B industrial asset.
SL Green Signs 2nd Law Firm to One Vanderbilt in Manhattan
McDermott Will & Emery LLP will be leasing floors 44 through 46 and floor 67 at the 58-story, 1.7 million-square-foot trophy tower.