News
Patriot Equities Picks Up 530K Sq. Ft. Office Park in Allentown
The former LSI Corp. headquarters in Pennsylvania’s fast growing Lehigh Valley was recently acquired by Patriot Equities, a real estate development and investment company based in Wayne, PA. Located at 1110 American Parkway NE in Allentown, directly off Route 22 and close to the Lehigh Valley International Airport, the 145-acre […]
Florida Equity Firm Drops $42M on Large Retail Asset
The Sterling Organization, a Palm Beach, Florida-based private equity real estate investment firm has acquired the 594,688-square-foot Stones River Mall, one of the largest shopping centers in the Nashville metropolitan area, the company recently announced.
NYL Originates Generous Mortgage Loan for Leading Santa Monica Office Asset
New York Life Real Estate Investors has originated $260 million in refinancing for the owners of the Water Garden phase 1 office park in Santa Monica.
Brackett, USAA RealCo Form Healthcare-Property Focused JV
USAA Real Estate Co. and Brackett Flagship Properties have entered into a joint venture to acquire, develop, manage and lease healthcare-sector properties throughout the Southeast.
Macerich Says ‘No’ to Simon Offer
Simon Property finally got its response from The Macerich Co., but it wasn’t a favorable one.
Apartment Community in Memphis Changes Hands for $51.3M
By Liviu Oltean, Associate Editor The Preserve at Forest Creek Apartments, a 414-unit, Class A apartment community, recently changed hands for $51.3 million. According to a special warranty deed, two affiliates of Carter-Haston Real Estate Services Inc. sold the community in Germantown to BRE Piper MF Forest Creek TN LLC, an entity belonging to Chicago-based […]
Eastern Consolidated Arranges Sale of New York Portfolio
The Lee Estate Portfolio, a diamond in the rough consisting of retail and residential buildings and vacant lots in New York City and New York’s Hudson Valley, has found new owners, thanks to Eastern Consolidated.
Novant Health Joins 90-acre Waverly as Medical Office Anchor
Charlotte-based commercial developers Crosland Southeast and Childress Klein have announced regional medical service provider Novant Health as the medical office anchor for their mixed-use, master-planned development Waverly.
Economy Watch Weekly: Student Loans to Weigh Economy, RE Down
Economy writer Dees Stribling offers his weekly roundup of indicators for the week ended March 13, 2015.
Atlanta Braves, Comcast Collaborate on Nation’s Most Technologically Advanced Ballpark
The Atlanta Braves and Comcast have entered into a landmark partnership, creating the most technologically advanced mixed-use development in the U.S.