News
Developers Detail L.A.’s $250M Playa Vista Town Center
Developers of Runway, a mixed-use project in Playa Vista, Calif., continue to prepare for takeoff with the debut of architectural firm Johnson Fain’s design for the $250 million endeavor.
Dizengoff Sells Bulk Portfolio for $25.4M; Breakers Capital Buys West Palm Beach Building
The real estate arm of Dizengoff-Trading Group has sold its South Florida bulk portfolio for $25.4 million, reports CoStar. The portfolio, comprised of two properties—Portofino at Jensen Beach and Courtney Park in Lake Worth, consists of 283 condo units overall.
Country Oaks Sold for $6.7M; Arbor Hickory Hill Goes for $10M
By Eliza Theiss, Associate Editor The Memphis multifamily market’s southeastern subdivision seems to have picked up as the 200-unit Country Oaks Apartments at 3865 Kirby Pkwy. in Hickory Hill recently sold for $6.7 million to LCP Memphis LLC, reports The Memphis Daily news. The New Jersey-based company bought the property at a price of $33,700 […]
California Landmark Group Invests $75M in M-F
Los Angeles-based California Landmark Group will invest $75 million in urban infill multi-family developments in Southern California over the next 12 months.
Toll Brothers and Starwood Capital Team Up to Build Luxury Hotel and Condo Complex at Brooklyn Bridge Park
The Brooklyn Bridge Park (BBP) Board of Directors has designated a joint venture between Toll Brothers Inc. and global private investment firm Starwood Capital Group to develop a 550,000-square-foot luxury hotel and condominium complex next to Pier 1 in Brooklyn Bridge Park.
American Realty Capital Closes Purchase of 21 Net-Leased Properties
American Realty Capital Properties Inc. has added 21 single-tenant properties to its rapidly growing portfolio of net-leased assets. The $26.2 million price landed an aggregate 300,000 square feet of office and retail space across 10 states.
Arcadia Complex Hits Market; Held Takes Chandler Asset
By Alex Girda, Associate Editor Arcadia Cove, a multi-family asset near the Phoenix Gateway Center and the upscale Arcadia neighborhood, has come to market with an asking price of $47.25 million, rentv.com reported. Located at 2522 North 44th Street, the 432-unit residential community was built in 1996 by Picerne Real Estate Group and features units […]
Former Wachovia HQ to Be Purchased for $245M
By Eliza Theiss, Associate Editor Hot on the heels of Parkway Properties Inc.’s $250 million purchase of Hearst Tower, one of the biggest office property sales of the year in the Charlotte area, comes another major sale. Israeli real estate firm Azrieli Group Ltd. recently announced it has entered a $245 million purchase agreement for […]
Blackstone, DDR Wrap Up $1.4B Retail Purchase
The Blackstone Group and DDR Corp. have closed a $1.4 billion joint-venture retail purchase six months after announcing the plan to acquire the 46-property shopping center portfolio from EPN Group.
Cassidy Turley Wins 895 KSF Management Contract
Cassidy Turley has landed the 894,000-square-foot management contract for Chevy Chase Pavilion, a mixed-use project in Washington, D.C.