Becovic Residential, a Chicago-based multifamily owner and operator, has added two apartment communities to its Edgewater offerings. The Winthrop House, located at 5718 N. Winthrop, was purchased for $10.25 million. The Kenmore Commons property, located at 6134 N. Kenmore, was…
Bixby Capital bought two warehouses, totaling 423,000 square feet, in Crossroads Distribution Center in Northwest Jacksonville for $53.5 million. Blackstone affiliate Link Logistics Real Estate sold the two properties. JLL represented Link Logistics. Bixby Capital Management bought the 297,000-square-foot Building…
IRA Capital, an Irvine-based private equity firm, completed the acquisition of Quail Park of Lynnwood, a 253-unit, Class A senior housing property located in Washington. The all-cash acquisition, completed in partnership with an institutional joint-venture partner, includes plans to invest…
Strategic Facility Partners has acquired The Henry, a 23-story student housing apartment building at 100 E. Tyler Street in downtown Tampa, for $128.1 million. The seller was Development Ventures Group. Completed in 2021, The Henry offers 181 residences (537 beds)…
MicroVention, a neuroendovascular medical device company, acquired 45 Enterprise, a 242,706-square-foot high-rise office building in Aliso Viejo, for $42.25 million, or $183 per square foot. CBRE’s Carol Trapani and Allison Kelly represented MicroVention. Newmark’s Kevin Shannon, Rob Hannan, Paul Jones, Ken White and Brandon White…
A mental health treatment program has bought a 111-key Hampton Inn & Suites along North Druid Hills Road for $17 million, to expand its services. Skyline Trail has also purchased an adjacent restaurant property along Buford Highway late last year….
Matheson Capital, a Charleston-based real estate investment and asset management firm specializing in value-add multifamily properties in the Southeast, has acquired Residences at St. George, a 248-unit multifamily property in Savannah’s Georgetown submarket. This acquisition marks Matheson Capital’s entry into the…
Fortune Holdings has picked up three Class C multifamily properties in West Charlotte. Fortune paid $49.6 million for the group. Capstone Companies, the broker in the deal, says the transaction is the largest Class C portfolio transaction by unit count…
Continental Realty Corporation (CRC) has expanded its real estate portfolio with the acquisition of Gayton Crossing, a 160,830-square-foot shopping center in Richmond, Virginia. Terms of the sale were not disclosed. The acquisition was made with funds from Continental Realty Opportunistic Retail Fund…
Power Properties unloaded a value-add, eight-property portfolio at a price of $240 million. Springer Capital purchased the 2,164 units. MF Capital helped finance the deal. Commercial Edge reports the portfolio sale marks the largest market-rate property transaction in South Carolina…
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