National
HGI’s Recent Acquisition Includes Two Orlando Communities
Harbor Group International, LLC announced that affiliates of the company have acquired three Florida apartment communities. Two of the properties, the 272-unit West Winds and the 210-unit Verandahs at Hunt Club are located in Orlando, while the 146-unit Forestlake Apartments is in Daytona Beach, within walking distance from Daytona Beach International Airport and Bellevue Business Park.
Jonesboro’s Aslan on the River Sold For $20.2M
Hamilton Point Investments, based in Old Lyme, Conn., acquired the 324-unit apartment community in the Atlanta suburb of Jonesboro, Ga. Josh Goldfarb, co-founder and co-managing partner of Multi Housing Advisors was the only broker involved in the transaction, acting on behalf of the seller.
Parkland Senior Living Community Sold Under Pre-Recession Price
The Aston Gardens at Parkland Commons has been sold for $62.8 million. Boca Raton-based AG Parkland Senior Housing I, a branch of Kayne Anderson Real Estate Advisors bought the Class A facility from Discovery SAG Parkland Commons, affiliated with of Discovery Communities in Bonita Springs.
Oracle Adds Third Office in Austin
The property at 7700 W Parmer Lane in Williamson County will accommodate Oracle’s new office. The building is currently occupied by Freescale Semiconductor Inc., who announced it would relocate its operations to South Austin by the end of 2013.
JV Breaks Ground on 331-Unit Apartment Project
1100 South Boulevard, Charlotte’s newest apartment development has broken ground, announced USAA Real Estate Co.
Dermody Property to Create Industrial Park in Central Pennsylvania; Chesterbrook Shopping Center Sold for $8.9 Million
Industrial development company Dermody Partners of Reno, NV, and its financial partner PCCP recently acquired a 107-acre parcel in Central Pennsylvania, from Texas-based builder Trammel Crow Co.
Eastern Market Receives $750K Grant to Build 200-Seat Outdoor Gathering Place
DTE Energy Foundation, the charitable arm of DTE Energy, granted the Eastern Market Corporation $750,000 that will be used to create an outdoor social gathering area right outside the market’s sheds.
Mixed-Income Housing Community Breaks Ground in Pittsburgh’s East Liberty
Federal, state and local officials have joined nonprofit Community Builders, Inc. to celebrate the groundbreaking of a $14.2 million residential and commercial development in Pittsburgh’s East Liberty neighborhood.
Prologis Inc. Preleases 258,000 SF Development in Denver
San Francisco-based Prologis Inc. recently announced it has entered into a new lease agreement for a 258,000-square-foot facility in Denver.
SRS Real Estate Welcomes New First Vice President in Tampa
Thomas Michael McNamara recently joined SRS Real Estate Partners’ Tampa office as First Vice President.