Deals
Honolulu-Area Oceanfront Retail Center Changes Hands
J.H. Real Estate Partners acquired the Coconut Grove, a 49,500-square-foot shopping center in Kailua-Kona, Hawaii, from Hudson Advisors. Donald MacLellan and Rick Chichester of Faris Lee Investments represented both the seller and the buyer in the transaction.
Alliant Energy Corp. Acquires 300MW Wind Project in Iowa
The wind facility consists of 100 to 150 slow-spinning wind turbines spread across 30,000 acres that will produce enough electricity to power nearly 102,000 U.S. homes.
Leasing Picks Up at Ft. Lauderdale Office Tower
Cushman & Wakefield negotiated its own expansion from 2,000 to 7,305 square feet at the mixed-use property and facilitated lease renewals for fellow tenants Esquire Deposition Solutions, Raymond James & Associates and the A.D. Henderson Foundation.
CBRE Arranges Sale of Doral Office Tower
CBRE’s Capital Markets team marketed the trophy asset with the assistance of professionals from Blanca Commercial Real Estate and Stiles Management.
Lincoln Park Plaza Finds New Owner
The shopping center is mostly vacant, but the new owner plans to reposition the 176,000-square-foot property. Friedman Integrated’s Rich Deptula represented both the seller and the buyer in this transaction.
Monmouth Lands 220 KSF Akron-Area Facility
The REIT acquired an industrial building in Stow, Ohio, for $19.5 million. The property is net-leased to a prominent racing tire maker.
Denholtz Inks Office Lease Renewal in Downtown Orlando
CBRE represented the landlord and Foundry Commercial worked on behalf of the tenant in the lease negotiations at the 83,000-square-foot office building.
Majestic Realty Buys 228-Acre Wisconsin Development Site
With the assistance of Transwestern, Rime Investments sold the property, located halfway between Chicago and Milwaukee. The land can accommodate as much as 2 million square feet of industrial development.
Moody Closes National REITs Merger
Worth more than $450 million, the combined portfolio now includes 14 hotel properties with premier brands, most of which are located in Texas.
Transwestern Sells 164-Unit Texas Community
Parkdale Pindo sold the asset located in Beaumont, Texas to Winslow Asset Management. Pindo Pointe was recently renovated and did not sustain damage from Hurricane Harvey.