Investment
Acadia Realty Trust Acquires FL Retail Center
Located within an opportunity zone, the 171,352-square-foot asset is the largest shopping center in Flagler County. An HFF team assisted the seller in the transaction.
Morning Calm Management Buys $84M Detroit Industrial Portfolio
The firm purchased the nine-property, 1.5 million-square-foot suburban portfolio from Promanas Group. The deal marks the company’s fourth acquisition in the area over the past year.
Work Begins on $180M Mixed-Use Project in KC
Drake Development broke ground on Streets of West Pryor, a 70-acre project that is set to include residential, hospitality and retail components.
Flagship Healthcare Expands Charlotte Footprint
The investor’s $26.3 million acquisition includes six medical office buildings totaling more than 120,000 square feet in Cabarrus County.
Retail Investors Pull Back Amid Mall Woes
A new JLL report finds that buyers are getting more selective as structural changes rock the sector. Overall transaction volumes fell in the first quarter, while power center and grocery-anchored assets outperformed.
Boston-Area Shopping Center Trades for $86M
In a deal arranged by HFF, DWS Group acquired Meadow Glen, a recently revamped shopping center situated 15 minutes away from downtown Boston.
Founders Properties Buys Raleigh Office Portfolio for $23M
The three-building Class C office campus contains nearly 155,000 square feet. The buyer landed $14.5 million in financing for the deal.
Metro Miami Hotel Sells for $40M
London + Regional Properties acquired the 79-key property in Palm Beach, Fla., via a Section 363 bankruptcy sale. The company plans to restore and reposition the asset.
Crystal City Office Tower Sells for $100M
Newmark Knight Frank represented Beacon Capital Partners in the disposition of Presidential Tower, a 349,303-square-foot building situated near the future home of Amazon HQ2.
Baltimore Retail Center Trades for $16M
The 129,242-square foot Governors Commons was 100 percent leased at the time of sale. The asset is close to both Interstate 97 and Arundel Expressway.