MedProperties, Equity Buy Atrium MOB

MIDDLETOWN, OH—A partnership of Dallas-based MedProperties and Columbus, Ohio-based Equity Inc. has acquired the 103,000-sq.-ft. Atrium Medical Center here for an...

Lincoln Property Acquires the Desmond for $16.3M

LOS ANGELES—What started out in 1917 as the Willys-Overland Co.’s new car dealer...

Ivy Equities Picks Up Cross Island Plaza in Queens for $24.3M

MONTVALE, NJ—Ivy Equities, based in Montvale, N.J., has paid approximately $24.3 million to acquire Cross Island Plaza, a 230,000-sq.-ft. office building located ...

Constantine Village Changes Hands for $19M

SUMMIT, NJ—Constantine CXII LLC has paid $19 million to acquire Constantine Village, a 100-unit apartment complex located in Summit, N.J. HFF marketed the prope...

M West Holdings Buys Guardian Arms Apartments

LOS ANGELES—M West Holdings LLC, a private real estate investment company, bought Guardian Apartments and an adjacent four-story building with apartments and reta...

Massey Knakal Arranges $8M Sale of Apartment Building on Upper East Side

NEW YORK—Massey Knakal’s Thomas D. Gammino, Jr. has arranged the $8 million sale of an apartment building located at 539 East 87th Street in Manhattan’s Upper East Si...

Garrison Investment Group Buys Louisiana Boardwalk, Plans to Convert it to Outlet Center

Garrison Investment Group acquired Louisiana Boardwalk, a 562,520-sq.-ft. mixed-use development in Bossier city, La. Garrison plans to convert the center into The Out...

Inland Buys Two Mariano’s Markets in Chicago for $46M

OAK BROOK, IL—Locally based Inland Real Estate Acquisitions Inc. has purchased two...

W.P. Carey Buys Two Properties for $26 million

PORTAGE, WI—W. P. Carey Inc., through its non-traded REIT affiliate CPA: 17-Global, has purchased two properties here and in Dallas for $26 million. ...

HealthLease Agrees to $142M Seniors Housing Buy

INDIANAPOLIS—HealthLease Properties Real Estate Investment Trust, an affiliate of locally based Mainstreet Property Group, has agreed to purchase 13 seniors housi...

Retail Center Sells for $9.9M

HEMET, CA–Hemet West Shopping Center, a 61,312-sq. ft. center in Hemet, a city in Riverside County, has changed hands in a deal worth $9.9 million, or $161 per sq. ft...

Chambers Street Acquires Interests in 17 JV Assets from Duke Realty

NEW JERSEY—Princeton, N.J.-based Chambers Street Properties has acquired 100 percent of the interests in 17 commercial properties held in a joint venture between ...

Cushman & Wakefield Completes $10M Industrial Sale

VISTA, CA–A 125,000-sq.-ft. industrial building in Vista has been sold for $10.1 million. One of the brokers involved in the deal called the sale a sign of an increas...

Government-Leased Office Complex Sells for $32.8M

BAKERSFIELD, CA-A 165,565-sq.-ft. three-building governmental complex in Bakersfield has been sold in a deal worth $32.83 million. ...

Mack-Cali Enters D.C. Multifamily Market with $262.5M JV Purchase

EDISON, NJ—Mack-Cali Realty Corp. in a joint venture with a fund advised by UBS Global Asset Management has acquired the 828-unit multifamily property known as Crysta...

Ivanhoe Cambridge, Partners Buy 73-Building Office Portfolio in Silicon Valley

Ivanhoe Cambridge, in partnership with affiliates of TPG and DivcoWest, acquired 73 office buildings in California’s Silicon Valley in a transaction valued at mor...

HFF Arranges $38.9M Acquisition Financing for Hanover Marriott in Whippany

NEW JERSEY—HFF has arranged a $38.9 million acquisition financing for the Hanover Marriott, an eight-story, 353-room hotel in Whippany, N.J., on behalf of Clarion P...

RLJ Lodging Trust Acquires Three Houston Properties for $79.5M

RLJ Lodging Trustacquired the historic Humble Oil Building complex in downtown Houston, for a purchase price of $79.5 million, or approximately $151,000 per key b...

ARCP Acquires $31M TD Bank Office Building in Falmouth, Maine

NEW YORK—American Realty Capital Properties Inc. (ARCP) has acquired a TD Bank off...

Oxnard Industrial Buildings Sell for $2.3M

OXNARD, CA-An industrial firm has purchased two buildings in Oxnard in a $2.3M transaction. Spatz Laborato...

Oxnard Industrial Buildings Sell for $2.3M

OXNARD, CA-An industrial firm has purchased two buildings in Oxnard in a $2.3M transaction. Spatz Laborato...

Overton Completes Three Distribution Centers, Sells One

FONTANA, CA—Overton Moore Properties has completed three distribution facilities here and in Moreno Valley, Calif. totaling 1.4 million sq. ft., including a sale ...

Chesapeake Lodging Trust Acquires New Hyatt Place New York Midtown South for $76M

NEW YORK—Chesapeake Lodging Trust, based in Annapolis, Md., has closed on the acquisition of Hyatt Place New York Midtown South for approximately $76 million. The...

Self-Storage Operator Five Star Partners Buys Michigan Facility for $7.7M

Five Star Partners LLC, a Cleveland-based self-storage operator, has purchased SafeLock Self Storage in Lodi Township, Mich., from Airey Storage Group LLC for $7.7 million. The property feature...

Harrison Street Real Estate Capital Acquires Bristal Seniors Housing Portfolio in Long Island for $380M

Harrison Street Real Estate Capital acquired seven class-A seniors housing properties located throughout Nassau and Suffolk County on Long Island in New York. The...

Toll Brothers Heads West, Acquires 387 Lots in Colo. Active Adult Community

Toll Brothers, Inc. (NYSE:TOL), a leading national builder of luxury homes, announced last Friday that it had contracted to acquire 387 lots at Anthem Ranch, an active adult community in the me...

Storage Express Acquires 3 Self-Storage Facilities in Sidney, Ohio

Self-storage operator Storage Express purchased three facilities in Sidney, Ohio, from Lock-It-Up Storage. The portfolio includes 62,000 square feet of property and more than 500 storag...

Thek Family UC Realty Group Acquires Bergenfield Property

NEW JERSEY—Thek Family UC Realty Group has acquired 19 South Washington Ave. in Bergenfield, N.J. for $400,000. NAI James E. Hanson VP Anthony J. Cassano completed the sale on behalf of owner...

Clarion Partners Buys Washington’s Portrait Building in $98.5M Deal

Clarion Partners LLC acquired The Portrait Building, a 134,240-sq.-ft. class-A office building in Washington, D.C.’s East End submarket, for $98.5 million. ...

TPG To Acquire Assisted Living Concepts for $278M

MENOMONEE FALLS, WI—Private Investment Firm TPG has agreed to acquire locally based Assisted Living Concepts Inc., which operates 210 seniors living communities in 20 states, for about $278 m...

CBRE Arranges More Than $1B in Loans for Multifamily Portfolio Acquisition

CBRE Capital Markets’ debt & equity finance group arranged multiple loans totaling more than $1 billion to finance Goldman Sachs & Co. and Greystar’s acqu...

Storage Express Expands With Second Facility in Richmond, IN

Storage Express has acquired Palm Storage in Richmond, Ind. The 200-unit, 24,000-square-foot facility, just north of downtown, is the company's second in the city. Storage Express plans to up...

AdCare to Buy Two Skilled Nursing Facilities for $28 Million

AdCare Property Holdings, LLC—a wholly owned subsidiary of AdCare Health Systems, Inc.—announced last week it has entered into an agreement with Avalon Health Care, LLC to acquire two skilled n...

CDT Assists Safran with Affordable Housing Buy-Out

SANTA ANA, CA—Community Development Trust, based in New York City, has partnered with Thomas Safran Associates, a Los Angeles-based affordable housing developer a...

Simone Healthcare Development Acquires Park Avenue Medical Arts Center

NEW YORK—Simone Healthcare Development Group, a division of Simone Development Cos., has paid $11.5 million to acquire medical condo space at Park Avenue Medical ...

RockBridge, Concord Hospitality Acquire Renaissance Meadowlands Hotel for Undisclosed Price

NEW JERSEY—RockBridge Partners, a division of RockBridge, and Concord Hospitality Enterprises have acquired the Renaissance Meadowlands Hotel for an undisclosed purchase price. ...

Blackstone Buys UBS’ Interest in Two Kimco Joint Ventures in $1.1B Deal

The Blackstone Group signed a definitive agreement with UBS Wealth Management—Nort...

Amsdell Cos. Enters Atlanta Self-Storage Market With Purchase of 3 Facilities

The Amsdell family of companies has acquired three self-storage properties in the Atlanta area. The facilities will be operated by Compass Self Storage LLC, giving the brand a foray into the ...

Pebblebrook Buys San Diego Hotel for $122M

SAN DIEGO—Pebblebrook Hotel Trust has purchased the 337-suite Embassy Suites San Diego Bay – Downtown for $112.5 million. ...

Cohen Financial Arranges $119M Financing for Acquisition of Las Vegas CityCenter Veer Towers

Cohen Financial, a national real estate capital services firm, has secured debt and equity financing for 427 condominium units in the CityCenter’s Veer Towers, ...

Sunstone Sells Hotel Portfolio for $230M

ROCHESTER, MN—Sunstone Hotel Investors Inc. has agreed to sell four hotels totaling 1,222 rooms and a commercial retail facility here for $230 million. The four hote...

ARC New York Recovery REIT to Acquire Institutional-Quality Office Building for $112M

American Realty Capital New York Recovery REIT Inc. (ARC) entered into a purchase and sale agreement to acquire the fee simple interest in an institutional-qualit...

Kush Sells Flex Building to Medical Firm

ONTARIO, CA—South West Medical Resources Holdings, a full-service medical compan...

Conn.-Based Urstadt Biddle Properties Inc. Acquires Two Properties in N.J.

NEW JERSEY—Urstadt Biddle Properties Inc., based in Greenwich, Conn., has completed the purchase of the Bernards Square Medical Office Building in Bernardsville, N....

Inland Diversified Joint Venture Buys Six Las Vegas Retail Centers

A joint venture of an Inland Diversified Real Estate Trust Inc. subsidiary and affiliates of Territory Inc. acquired a majority interest in the Territory Portfoli...

Cleveland-Based Amsdell Acquires Self-Storage Center in Bloomfield, N.J.

NEW JERSEY—Compass Self Storage LLC, based in Cleveland, Ohio, has purchased a self-storage property in Bloomfield, N.J. It’s the company’s second New Jersey pu...

Storage Pros Management Buys 4 Self-Storage Facilities in 3 States

Self-storage operator and management company Storage Pros Management LLC has purchased four self-storage facilities in Florida, New Hampshire and Tennessee. The purchases comprise more than 2...

Edens Buys Fifth & Alton in Miami Beach

Edens announced the year-end acquisition of Fifth & Alton, a multi-level retail building in Miami Beach, FL for an undisclosed price. The fully leased retail center totaling approximately ...

Beaver Dam Senior Facility Trades for $20M

BEAVER DAM, WI-Charleston House, an assisted living and memory care facility comprising 120 units in Beaver Dam, has been sold to National Health Investors Inc. for a price of $20.2 million. Ac...

Couche-Tard ‘Circles’ in on Illinois, Missouri and Oklahoma

Alimentation Couche-Tard Inc. agreed to acquire 29 gas station/convenience stores from Mac’s Convenience Stores LLC, 25 of which are located in Illinois, three in Missouri and one in Oklahoma. ...

Health Care REIT Pays $82M for Lake Barrington Woods

CHICAGO-Health Care REIT Inc., based in Ohio, has purchased Lake Barrington Woods, a 192-unit senior housing complex in Lake Barrington, from a joint venture between Walton Street Capital LLC a...

ByteGrid Buys Alpharetta Data Center, Plans Expansion

ALPHARETTA, GA-ByteGrid, a data center operator based in Northern Virginia, has bought a 77,322-square-foot building in Alpharetta and plans to expand the facility. The company is planning to enlar...

TriStar Medical Plaza Brentwood Fetches $9M

BRENTWOOD, TN-Senior Housing Properties Trust, a health care real estate investment trust based in Newton, Massachusetts, has paid $9.2 million to acquire TriStar Medical Plaza Brentwood at 6716 No...

Sabra Signs Two Acquisition Deals

FORT WORTH-Sabra Health Care REIT Inc. based in Irvine has announced the signing of two acquisition deals. The REIT acquired an assisted living facility and four nursing homes situated in Rockp...

Fairfax Medical Office Building Changes Hands

FAIRFAX, VA-Duke Realty Corp. has bought Inova Fair Oaks III, a four-story building in Fairfax, as part of the acquisition of a medical office portfolio for $342 million. Seavest Healthcare Propert...

Investment Fund Picks Up Pair of Austin Shopping Centers

Velocis, a commercial real estate investment fund, and its investors recently acquired the West Woods Shopping Center and Springdale Shopping Center. The two Austin retail centers total m...

Kimco Consolidates Ownership of Greeley Commons

REIT Pays $23.4 Million for Remaining 89% Ownership Share Kimco Realty, a retail REIT that owns and operates the largest portfolio of neighborhood and community shopping centers in North America...

Seattle Retail Portfolio Trades for $175M

Haggen Family Sells 15 Grocery Anchored Sites, 5 Development Pads near Puget Sound Briar Development, the real estate holding company for the Haggen family, sold a retail portfolio to San Diego-ba...

Popeyes To Pop Up in Minnesota, Northern California

AFC Enterprises Inc., the Atlanta-based franchisor and operator of Popeyes Louisiana Kitchen restaurants, recently expaned by agreeing to acquire 29 restaurants in Minnesota and Northern California...

Excel Trust Closes on $263M Retail Portfolio

REIT Acquires Six Shopping Centers in Southeast from Unicorp National Developments Excel Trust, Inc. (NYSE: EXL), a real estate investment trust specializing in community and power centers and g...

Illinois JV Picks up Two Medical Office Properties in Florida

CHICAGO—Chicago-based Stage Equity Partners LLC and Northbrook, Ill.-based Middleton Partners LLC have acquired two medical office buildings located in southwest ...

Gebroe-Hammer Arranges Sale of Two Multifamily Properties for $3.58M

NEW JERSEY—Gebroe-Hammer Associates, based in Livingston, recently closed two multifamily sales in Elizabeth worth $3.58 million. Stephen Tragash, sales associate, arranged the sales, which tot...

Ascension Health Purchases Office Building for Anticipated Growth

INDIANAPOLIS—Ascension Health Ministry Service Center L.L.C. has purchased an office building located at 4040 Vincennes Circle in Indianapolis for an undisclosed purchase price. ...

Crown Realty & Development Sells Durham Warehouse for $11M

DURHAM, NC-Irvine, California-based Crown Realty & Development has sold a 182,000-square-foot warehouse facility in Durham for $11.5 million. The building, located at 4400 Emperor Boulevard, is...

Gebroe-Hammer Long-Time Client Pays $16.75M for Philly Multifamily Property

NEW JERSEY—Gebroe-Hammer Associates, based in Livingston, N.J., has represented the seller and identified the...

Royal Senior Care Sells Two Senior Communities for $43M

BOCA RATON, FL-Ohio-based Health Care REIT has purchased The Sunrise Atrium at Boca Raton, a 160-unit senior housing community at 1080 N.W. 15th St., for $31.54 million from Royal Senior Care. ...

Health Care REIT to pay $2B for Sunrise Senior Living

TOLEDO, OH-Locally based Health Care REIT Inc. entered into a definitive agreement to acquire Sunrise Senior Living Inc.'s outstanding common stock at $14.50 per share. Once the $1.9 billion ac...

Everman ISD Acquires 53,652-SF HQ Campus from Avcor

FORT WORTH-Everman Independent School District has purchased the former headquarters campus of Avcor Health Care Products Inc. in order to expand its administrative space and classrooms. The school...

Portfolio of Wawa Stores, One in N.J., Sold to Mich.-Based Agree for $14.2M

NEW JERSEY—Agree Realty Corporation, based in Farmington Hills, Mich. has acquired a portfolio of three Wawa convenience and fuel stores, one of which is located in Vineland. The other stores are l...

RLJ Lodging Trust Acquires Two Hotels for $146.5M

RLJ Lodging Trust acquired two focused-service hotels, the 226-room Courtyard New York Manhattan/Upper East Side and the 187-room Residence Inn by Marriott Bethes...

Lifecare Properties Acquires Land in Texas to Build Assisted Living Facility

Lifecare Properties, LLC, a real estate development and operating company, recently announced it has acquired property in Arlington, Tex. on which it plans to build a 67-unit assisted living fa...

Five MOBs Change Hands for $52M-Plus

NEWPORT BEACH, CA-Those who follow @GlobeStcom on Twitter may have seen a post teasing the announcement yesterday, but GlobeSt.com has exclusively learned that American Healthcare Investors LLC and...

Purchase of Nevele Grande Hotel, Country Club Finalized

WAWARSING/ELLENVILLE, N.Y.—In a step toward revitalizing Ulster County’s Nevele Grande Hotel and Country Club, investment group Nevele Investors LLC has finalized the purchase of the 500-acre s...

Sperry Van Ness Closes Two Industrial Deals

ISELIN—Sperry Van Ness | Richter Grusd has closed two industrial transactions totaling 245,000 sq. ft. The properties are located at 122 Quentin Avenue in New Brunswick and 601 Prospect Street in L...

Capitol Seniors Housing Acquires Ca. Senior Living Community for $9.5 Million

Capitol Seniors Housing recently purchased an assisted living/memory care community located in Escondido, Ca. for $9.5 million with the help of its capital partner and lender, Capital Funding G...

LTC Properties Acquires Texas Skilled Nursing Facility for $18.6 Million

LTC Properties, Inc. (NYSE:LTC) recently acquired a 144-bed skilled nursing property located in Red Oak, Texas for $18.6 million from an undisclosed buyer. The REIT funded the acquisition thro...

Bascom Group Buys Hawaii Apartment Community for $73.5M

The Bascom Group LLC acquired Oasis at Waipahu Apartments, a 406-unit community in Waipahu, Hawaii, for $73.5 million. The sale marks the largest multifamily transaction in Hawaii since the peak of...

Auction.com Sells $424M in Multifamily Assets

Auction.com sold 64 multifamily assets in an online auction covering three days last week. The assets sold to online bidders included 46 properties and 18 notes comprised of 9,300 units and totalin...

New York Fed Buys 33 Maiden Lane for $207.5M

The Federal Reserve Bank of New York bought 33 Maiden Lane, a 600,000-sq.-ft. office building in New York City, from Merit US Real Estate Fund III L.P. for $207.5 million. The buyer established a w...

Trump to Acquire Miami’s Doral Hotel for $150M

The Trump Organization has announced that it will purchase Miami’s iconic Doral Hotel & Country Club for $150 million. This is Trump’s second major hotel acquisi...

Senior Living Provider Acquires Land for Skilled Nursing Center for $1.9 Million

StoneGate Senior Living announced on Feb. 10 that it had completed the $1,894,080 purchase of approximately 6.7 acres of land on which it plans to construct a skilled care and rehabilitation ce...

SL Green, CPPIB Close on $252.5M Acquisition of 10 East 53rd St.

SL Green Realty Corp. has closed on its previously announced acquisition of 10 East 53rd St., a 37-story, 390,000-sq.-ft. Midtown Manhattan office building. As part of the closing, the company has ...

HFF Closes $147.5M Class-A Medical Office Portfolio Sale in San Diego

LaSalle Investment Management has purchased two class-A medical office buildings totaling 253,676 sq. ft., in San Diego for $147.5 million. HFF, a national commercial real estate services provider,...

WIP, AEW Capital Management Acquire First Property

CLINTON—Woodmont Industrial Partners and AEW Capital Management have jointly acquired the I-78 Logistics Center located at 111 Cokesbury Road in Clinton. This is the first of a number of strateg...

PCCP Provides $65M Loan for Purchase of Cassa Hotel

NEW YORK CITY—PCCP LLC has provided a $65 million senior loan for the acquisition and repositioning of Cassa Hotel, a 165-room luxury hotel property located at 70 West 45th Street, on behalf of...

Chartres Lodging, Apollo Global Real Estate Purchase Times Square Hotel

NEW YORK CITY—Chartres Lodging Group LLC, the San Francisco hotel investment and advisory firm, and Apollo Global Real Estate Management L.P., the global real estate investment management group...

AdCare Acquires Arkansas Skilled Nursing Facility for $6.5 Million

AdCare Property Holdings, LLC, a subsidiary of AdCare Health Systems, Inc., agreed on Jan. 17 to acquire a 141-bed skilled nursing facility located in Lonoke, Ark. for an aggregate purchase pri...

HFF Closes $16M Sale of Two Multifamily Properties in Philadelphia

FLORHAM PARK—HFF has closed the sale of Red Lion Apartments and Cheswick Apartments, two multifamily properties totaling 231 units in Philadelphia. HFF marketed the offering on behalf of the sel...

Jones Lang LaSalle Closes Scottsdale Financial Center II Sale

SCOTTSDALE, AZ-El Segundo, California-based Westport Capital Partners LLC has bought Scottsdale Financial Center II, a three-building, 150,000-square-foot office building at 4141 N. Scottsdale Road...

Brookdale Group Acquires The Towers at Williams Square in Dallas

Brookdale Investor’s Six L.P., the sixth real estate investment fund of The Brookdale Group, has acquired The Towers at Williams Square, a 1.4 million-sq.-ft. office complex comprised of four class...

Rudin Family Acquires Rose Family’s Stake in One Battery Park Plaza

The Rudin family has obtained 100 percent ownership of One Battery Park Plaza, a 35-story, 885,000-sq.-ft. office building, by acquiring the Rose family’s 50 percent interest in the property. The R...

Cushman & Wakefield Arranges Sale of Two-State Industrial Portfolio

THOROFARE, N.J./BALTIMORE, MD— Cushman & Wakefield Inc. has arranged the sale of the I-95 Net Leased Industrial Portfolio, comprised of four buildings totaling 950,868 sq. ft. in Maryland and N...

Massey Knakal Sells Brooklyn Multifamily

BROOKLYN HEIGHTS, NY—A multifamily building at 50 Orange Street, located on the southeast corner of Orange and Hicks Streets in Brooklyn Heights, was sold in an all cash transaction valued at $7,10...

LaSalle Hotel Properties Acquires Park Central Hotel for $396.2M

LaSalle Hotel Properties has acquired the Park Central Hotel in New York City for $396.2 million. Located in Midtown Manhattan on Seventh Avenue between West 55th and 56th Streets, the full-s...

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