Professional Property Management | Miami | Fort Lauderdale | The Palm Beaches

Private Equity Group Buys Sunrise Office Bldg. from Bank

A local private equity group acquired Atrium West, a two-story office building at 7771 W Oakland Park Blvd in Sunrise, FL, from Wells Fargo for $ 4.8 million or about $ 51.79 per square foot. Constructed in 1983, the 92,689 square-foot suburban office building occupies the northeast c
Read More

Lehman Seeks to Trump Equity Archstone Bid as Debate on Entity’s Value Rages

Lehman Brothers is seeking bankruptcy court approval to outbid Equity Residential for a stake in Archstone as analysts puzzle over the apartment owner’s true value. National Real Estate Investor
Read More

Equity One Sells 2 CA Assets for $124.9 Million

Nine months after closing on Capital & Counties USA’s portfolio of mixed properties for $ 593 million, Equity One (NYSE:EQY) sold two of the assets for $ 124.9 million. The first was the 304-unit Trio Apartments complex in Pasadena, CA. The five-story structure at 621 E. Co
Read More

Blackstone’s Purchase of Equity One Portfolio Signals Confidence in Retail Assets

Blackstone makes another bet on grocery-anchored shopping centers. National Real Estate Investor
Read More

Equity Infusion Resurrects Downtown Boston Apartment Development

Simpson Housing LLLP has secured financing for The Victor, a 286-unit project in downtown Boston’s Bulfinch Triangle neighborhood that is the first major multifamily development to break ground in the market since 2007. Ground breaking was expected this month on the 11-story project a
Read More