National
Joint Venture Buys Large Cleveland Industrial Portfolio
A joint venture has recently acquired a large industrial portfolio in the Cleveland area. Alex. Brown Realty, Inc., a real estate investment firm headquartered in Baltimore, teamed up with Biynah Industrial Partners, LLC, a Minneapolis-based real estate private equity firm, to buy the Great Lakes Industrial Portfolio. The seller was a joint venture between Virginia’s Harbor Group International and local investors.
HAP Seeks Approval to Build Mid-Size Condo Building in Chelsea
HAP Investments, a real estate development company founded by Israeli entrepreneurs Eran Polack, Amir Hasid and Nir Amsel, wants to build a mid-sized condominium building in Manhattan’s Chelsea neighborhood, across the street from to the Fashion Institute of Technology and within walking distance to Google New York Headquarters and the Verizon Building.
Marcus & Millichap Arranges Sale of Two Playa Vista Retail Properties for $16.9 Million
Marcus & Millichap’s Encino office recently arranged the sale of a two-property retail portfolio for a total of approximately $16.9 million. The two shopping spots are located in the L.A. submarket of Playa Vista. The acquisition was arranged by Marcus & Millichap, Vice President investments, Brandon Michaels and Janette Monfared, an associate with the Encino office. The seller is an affiliate of Brookfield Residential.
Former Department Store Warehouse In Mount Vernon Gets New Life As Luxury Apartments
A new, luxury, green apartment community is coming to downtown Baltimore. Time Group Investments has turned the former main warehouse of the Hochschild Kohn department store chain into 171 luxury apartments and is now getting ready to receive tenants.
TM Crowley Plans to Add 352 Apartments to Mixed-Use in Noblesville; New Medical Resort Coming to Crown Point
Carmel-based TM Crowley Development LLC is planning to add a 352-unit apartment community to its mixed-use commercial project in Noblesville.
Michael Lightman Realty Builds $7M Retail Center in Olive Branch; Bartlett Warehouse Sold for $2.2M
Oliver Branch is set for a new shopping center, courtesy of Michael Lightman Realty Co
Ferncroft Capital Pays $45M for SouthPark Retail Asset
By Eliza Theiss, Associated Editor Charlotte-headquartered private real estate firm Ferncroft Capital recently acquired the 131,000-square-foot Morrison retail property in Charlotte’s affluent SouthPark submarket for $44.9 million. Located at the intersection of Sharon Road and Colony Road, a significant commercial artery of SouthPark and overall Charlotte and the Southeast, the property boasts a 100 percent […]
Promise Hotels, Ross Group Break Ground on Holiday Inn Express and Conference Center in Claremore
Tulsa-based Promise Hotels and The Ross Group recently started work on their fifth joint venture project, a new Holiday Inn Express and conference center in Claremore. Project and city officials attended a ground breaking ceremony which took place at 1400 West Country Club Lane.
Port Authority Names Cassidy Turley To Market MidPointe Crossing
The Port of Greater Cincinnati Development Authority has started planning and site development of the $80 million MidPointe Crossing, in Cincinnati’s Bond Hill neighborhood. The developer has hired Cassidy Turley to market the mixed-use project.
NorthMarq Capital Provides $52 Million in Financing for San Diego M-F Complex
The Tierrasanta Ridge Apartments in San Diego recently received $52 million in financing, arranged by NorthMarq Capital. The deal was brokered by a NorthMarq team that included Marty Meagher and Gardiner Champlin. The financing is based on a 10-year term and 30-year amortization schedule and was funded through the provider’s AmeriSphere Fannie Mae DUS platform.