Investment
JV Grabs Suburban MD Flex/Office Assets
RREEF has sold the properties—part of the Oakland Ridge Center in Columbia, Md.—to a partnership between Feldman Bergin Development and Fortified Property Group.
Caesars to Buy Indiana Gaming Operator for $1.7B
The company, in bankruptcy not long ago, seems to see the purchase of Centaur Holdings as a safe bet. Subject to regulatory approvals and other closing conditions, the transaction is expected to close in the first half of 2018.
Tampa-Area Shopping Center Trades for $7M
Aztec Group brokered the sale of Eastside Village Center in Lakeland, Fla. The firm represented both the seller, an affiliate of Brandywine Financial, and the buyer, CF Properties.
TA Realty Sells Suburban Ft. Lauderdale Office Assets
Avison Young’s Florida Capital Markets Group worked on behalf of the seller in the disposition of Weston Commerce Center and Chase Building.
Jernigan Capital Continues Self-Storage Expansion
The company has closed a $20.1 million investment Miami. The 96,295-square-foot facility will be developed by Mequity LLC and is slated for completion by 2019.
Compass Self Storage Expands TX Portfolio
The 68,000-square-foot facility located in Fort Worth marks the seventh Compass Self Storage in the region. The buyer is an affiliate of Amsdell Group LLC.
Tampa Office Campus Commands $45M
The property, nearing full occupancy, is leased to a mix of notable tenants, including WellCare, Gateway One Financial & Lending and MedHOK Health.
Long Island Office Park Commands $61M
Hauppauge Office Park in Hauppauge, N.Y., comprises three buildings occupied by multiple financial tenants. The office campus is anchored by Allstate, which has a 10-year, full-building lease.
JPMorgan Chase Commits $900K to Help Detroit Go Green
The money will target infrastructure projects, in addition to Chase branch updates for better energy efficiency. The Nature Conservancy, Eastside Community Network and Jefferson East community are some of the groups accessing the funds.
Forest City to Begin Work on SF’s Pier 70
The project will include both new construction and adaptive reuse of historic structures and will also expand access to a part of San Francisco’s waterfront that has been underutilized and largely inaccessible for more than a century.