One Court Sq Sells for $481M

SL Green Realty Corp. (NYSE: SLG), along with joint venture partners including JP Morgan Chase & Co., have sold One Court Square in Long Island City, NY to a private investor group led by David Werner for a total consideration of $ 481 million, or about $ 324 per square foot. The
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Ventas Sells 12 Senior Housing Communities; Settles Lawsuit

Ventas Atria Darien, Conn. Ventas, Inc. recently announced it sold twelve seniors housing communities to Assisted Living Concepts, Inc. for a total of $ 100 million in cash, settling a lawsuit Ventas filed against ALC. Prior to the sale, ALC, a Milwaukee-area long-term care provider,
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Kimco Realty Sells Shoppes of Sherbrooke for $10.5M

Cole REIT Advisors III LLC, a real estate investment trust based in Phoenix, Arizona, acquired the Shoppes of Sherbrooke at 8918-8954 Lantana Rd. in Lake Worth, FL for $ 10.5 million, or approximately $ 132 per square foot. The 79,468-square-foot retail building was built in 2004 and
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Investor Sells 2.2 Acres for $22M

Local investor Carlos Mattos of Sunny Isles Property Holdings LLC traded the 2.2-acre oceanfront parcel at 16901 Collins Ave. in Sunny Isles Beach, FL to an affiliate of Fortune International Realty for $ 22 million, or approximately $ 10.17 million per acre. The 94,220-square-foot la
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D Square Bldg Sells in Miami’s Design District

RD Design District LLC purchased the D Square office building at 3995 N Miami Ave. in Miami’s trendy design district for $ 6.15 million, or about $ 189 per square foot, from FT Holdings LLC and White DOve LLC. At the time of sale the property was approximately 95 percent occupie
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Starwood Hotels Sells Atlanta Perimeter Hotel & Suites

Le Meridien Hotel (Atlanta, GA) – Starwood Hotels & Resorts Worldwide announced that it has completed the sale of the 275-room Atlanta Perimeter Hotel & Suites to RockBridge Partners, a division of RockBridge. The property, which will be franchised, is located just north
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CIG Acquisitions Grp Sells Croydon Arms Apartments

CIG Acquisitions Group LLC sold the 94-unit Croydon Arms Apartments to 3720 Croydon LLC for $ 6.75 million, or approximately $ 72,000 per unit. The 55,554-square-foot building is currently undergoing major renovations and is not inhabitable at this time. The property is being renovate
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Bank Of America Sells Two Palm Beach Buildings for $6M

Kenneth Slater acquired an office at 220 Sunrise Ave. and the retail building at 138-140 N. County Rd., both in Palm Beach, FL, from Bank of America for $ 6,027,500, averaging about $ 222 per square foot. The two-story office building totals 20,846 square feet and was built in 1986 on
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Stirling Industrial Park Sells for $10M

Tigertail of Hollywood LLC acquired Stirling Industrial Park, the retail, flex and industrial park at 2832 – 2858 Stirling Road in Hollywood, Florida from Stirling Industrial Park LLP. The purchase price was $ 10 million, or about $ 102 per square foot, in an all-cash transactio
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American Welding Society Sells Miami Office Bldg

The American Welding Society sold its office building at 550 LeJeune Rd. in Miami, FL for $ 4.6 million, or about $ 99 per square foot. The four-story, 46,338-square-foot office building was constructed in 1971. At the time of sale, the property was vacant. It was the previous home to
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