Asana Partners sold the Plaza on Ponce and Morningside Village shopping centers in separate transactions for a combined price of $67.5 million. Atlanta-based 26th Street Partners was the buyer. The Atlanta Business Chronicle reported that the Majestic Diner and Plaza…
Oak Row Equities and Mariposa Real Estate have entered into an agreement to acquire Aimco’s 4.25-acre waterfront property in Brickell for $520 million. Oak Row claims the transaction will represent the largest single land acquisition in South Florida. The property currently…
Marcus & Millichap, in association with Northeast Retail, closed the sale of 31 net lease properties anchored by Town Fair Tire on behalf of the estate of the East Haven, CT-based retail chain’s founder. The portfolio sold for $88,505,802. Senior managing director James…
JLL Capital Markets arranged the $63.5 million sale of Cobb Place, a 335,190-square-foot shopping center in Kennesaw, Georgia. JLL represented the seller, Wicker Park Capital Management. The buyer was Shaked Acquisitions. Cobb Place, located at 840 Ernest W. Barrett Pkwy….
The Develop Fulton Board of Directors unanimously approved a $538 million bond inducement for Project Nexus, a mixed-use economic development initiative. This project aims to transform a distressed property into a hub of economic and community development. Situated in Atlanta and East Point, the project…
Gilbane Development Company broke ground on Pique, a new purpose-built student housing development located at 2587 Telegraph Ave in Berkeley, CA, four blocks from the University of California Berkeley. Pique will transform the former Buffalo Exchange store into an eight-story residential building…
Canyon Partners Real Estate LLC, Ascendant Capital Partners and Bond Companies have formed a joint venture to support the development of Inspire Sonoran Desert, a 560-unit, Class A multifamily community in the North Valley submarket of Phoenix. Kennedy Wilson provided…
GFP Real Estate, LLC has signed four new office leases totaling 15,400 square feet at 40 Worth St. in TriBeCa. The new leases bring the historic office building to 100% leased. Roy Lapidus of GFP Real Estate represented ownership in all four leases. The leases…
Institutional Property Advisors (IPA), a division of Marcus & Millichap, finalized the sale of Candela, a 112-unit multifamily property in the Hollywood Hills neighborhood of Los Angeles. The asset sold for $35.49 million, or $316,875 per unit. “Prior ownership invested significantly in the…
Alloy Development has secured $290 million in permanent financing for 505 State St., reportedly New York City’s first all-electric skyscraper, located at the intersection of State Street and Flatbush Avenue in Downtown Brooklyn. The financing from New York Life Real Estate…
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