DiamondRock Buys Hotel Portfolio from Blackstone in $495M Deal

The portfolio includes properties in Boston, Washington D.C., Burlington, Va. and San Diego. National Real Estate Investor
Read More

Justin Bieber Buys Calabasas Home for $6.5 Million

The price that first-time homeowner Justin Bieber paid for his new digs in Calabasas has wended its way into the public record: $ 6.5 million. Set on 1.3 acres in a gated community, the 10,000-square-foot main house is described as “transitional French” in style. Features
Read More

IDI Buys 42-Acre Warehouse Site In Davie

Industrial Development International (IDI) purchased 42 acres of land in Davie, FL, formerly the Palma Nova mobile home park, for just under $ 20.7 million. The seller was Silver Oaks Land Owner LLC in the deal that closed May 30. Berger Commercial Realty founder and President Lloyd B
Read More

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

REIT Buys Atlanta Data Center for $95 Million

Carter Validus Mission Critical REIT Inc. purchased the Peachtree Data Center in downtown Atlanta, GA, for $ 94.75 million. A private entity listed as 180 Peachtree Retail LLC sold the property to the partnership led by CV REIT and supported by three institutional investors. The trans
Read More

Hines Global Buys Fisher Plaza in Seattle for $160M

Hines Global buys Seattle’s Fisher Plaza in a $ 160 million deal. National Real Estate Investor
Read More

Hersha Hospitality Buys Courtyard Miami for $95M

Hersha Hospitality Trust purchased the Courtyard Miami Beach Oceanfront Hotel at 3925 Collins Ave. in Miami Beach, FL for $ 95 million, or about $ 361,000 per key, from Economos Properties. The hotel totals 156,000 square feet in the Miami Beach submarket of Miami/Dade County. The 13-
Read More

JV Buys Energy Square Portfolio From Younan

Champion and Lincoln Property Co. in a joint venture with Long Wharf Real Estate Partners completed its purchase of Energy Square, a nearly 950,000-square-foot office complex in Dallas, TX. Younan Properties was the seller. While the sale price was not disclosed, Younan said the asset
Read More

Blackstone Buys $1B Duke Realty Portfolio

Blackstone buys a $ 1 billion portfolio of office properties from Duke Realty. National Real Estate Investor
Read More

University Plaza Properties Buys Miami Land

University Plaza Properties, Inc. acquired 0.97 acres on NW 18th Ter. in Miami, FL, where it plans to build a 140-bed, four-story, 80,000-square-foot nursing home. The project is scheduled to break ground later this month. Palms-Jackson LC sold the vacant land for $ 4.74 million. The
Read More