Praedium/Milestone JV Pays $125.5M for Apt. Portfolio

The Praedium Group, a New York City-based national real estate investment firm and The Milestone Group, a Dallas-based multifamily real estate investment and management company, formed a joint venture to acquire a 556-unit residential portfolio known in Alexandria, VA, for $ 125.5 mil
Read More

Breakers Capital Pays $18.5M for Office Bldg

Miami-based Breakers Capital Partners acquired 1700 Palm Beach Lakes Blvd. for just less than $ 18.5 million or about $ 162 per-square-foot. CBRE arranged the sale of the property. The 11-story Class A office building was constructed in 1988. It totals 113,953-square-feet and is locat
Read More

Invesco Pays $140.5M for 130 Prince Street Bldg

INVESCO has acquired the office building at 130 Prince Street (aka 125 Wooster St.) in New York City for $ 140.5 million, or about $ 1,600 per square foot, from Waterman Interests LLC and institutional investors advised by JP Morgan Asset Management. The group acquired the asset in th
Read More

IMC Pays $4.4M for Lincoln Park West

IMC Property Management & Maintenance acquired the Lincoln Park West shopping center from Infinity Real Estate Investments for $ 4,394,500, or about $ 30 per square foot. Lincoln Park West is located at 7738-7853 NW 44th St. in Sunrise, FL, and totals 147,255 square feet of multi
Read More

Danizzi Corp Pays $9.4M for Best Buy Bldg in Hialeah

Danizzi Corporation acquired the Best Buy building located at 4001 W. 20th Ave. in Hialeah, FL from M. H. Sherman Company for $ 9.39 million, or about $ 168 per square foot. The retail building totals 55,880 square feet and was built in 1996 with Best Buy as the sole tenant. Chuck Kle
Read More

Zucker Organization Pays $4.1M for Bank Branch

The Zucker Organization purchased the retail outparcel bank branch building located at 8901 W. Atlantic Blvd. in Coral Springs, FL for $ 4.1 million, or about $ 528 per square foot. The 7,771-square-foot retail building is fully leased to PNC Bank and is a part of the Plaza at Coral S
Read More

Digital Realty Trust Pays $123M for Dallas Office Park

Digital Realty Trust Inc. (NYSE: DLR) picked up 819,000 square feet at an operating data center and office campus in Lewisville, TX, for $ 123 million or $ 129 per square foot. Brookfield Real Estate Opportunity Fund I sold Convergence Office Center, which is about 40 minutes north of
Read More

Cornerstone Pays $71M for San Fran Office Property

Cornerstone Real Estate Advisers Inc. purchased 795 Folsom St. in San Francisco from Westcore Properties and PCCP LLC for $ 71 million in cash or $ 379 per square foot. The 187,202-square-foot office building is in the SOMA district, was constructed in 1977 and renovated in 1999. The
Read More