Northeast
Binswanger Arranges Sale of R.I. Industrial Facility
On behalf of Shamrock Associates L.L.C., Binswanger has brokered the sale of a single-story manufacturing building on 94 acres on Chase Hill Road in Ashaway, R.I.
Phillips Edison–ARC REIT Buys 157 KSF Grocery-Anchored Center in Metro Cleveland
Phillips Edison–ARC Shopping Center REIT has acquired Brook Park Plaza, a 157,000-square-foot shopping center anchored by a Giant Eagle grocery store in Brook Park, Ohio, a suburb of Cleveland.
ULI Special Report: Emerging Trends Respondents Optimistic About Recovery
Optimism permeated the Emerging Trends in Real Estate results this year, with respondents finding a marked improvement over last year. Researchers gave reporters a sneak peak Wednesday during the ULI Fall Meeting.
The Outlook for Investing in Secondary and Tertiary Markets
Key takeaways from the recent MHN-CPE webinar “Secondary and Tertiary Markets: Identifying, Finding and Investing in Commercial Real Estate Opportunities.”
IPA, Rockefeller Group JV to Develop Apartments in Phoenix Suburbs
Investment Property Associates and The Rockefeller Group are developing a Class A apartment community in Gilbert, Ariz.
Normandale Lake Office Park Fetches $268M in JV
Normandale Lake Office Park was acquired for $13 million more than the estimate industry experts had expected the joint venture deal to command in the sale.
Storage Deluxe Closes Half-Billion-Dollar Sale of 1.6 MSF Portfolio to CubeSmart
Storage Deluxe sold a portfolio in the Northeast to CubeSmart for a heavy amount, a transaction handled by HFF on the seller’s behalf.
Rappaport, Chestnut Hill Form CHR Investors
Real estate heavyweight Jerry Rappaport has joined Chestnut Hill as managing director on a new venture that will focus on apartment real estate investment.
550-Unit Suburban Boston Apartment Complex Sold for $188M
The luxury apartment complex of Oak Grove Village in Boston is under new ownership. Although the new owner has not been disclosed, the amount of the sale is said to be $188 million.
Cervalis to Lease BTS Data Center in Connecticut
Cervalis LLC will lease a new-construction data center and disaster recovery center in Norwalk, Conn. The project is the largest lease in the county so far this year.