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2017-07-21  16:50
CIJ USA
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Deals

Harmony Housing buys 3 more Texas...

The non-profit organization, Harmony Housing, has purchased a collection of three multifamily properties in Texas. Totaling 862 units, the three properties are Limestone Canyon and Parkside Crossing in Austin, and Sendero Ridge in San Antonio. All three properties will remain as affordable housing on a permanent basis. With this investment, Harmony now owns over 5,000 affordable housi...
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2017-07-21  16:45
CIJ USA
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Company News

State Dept. leases 1701 North Fort Myer...

The U.S. Department of State has signed a lease renewal for the 1701 North Fort Myer Drive building for a 15 year term. The State Department will also be taking all the remaining space at 1200 Wilson Boulevard from the landlord Rosslyn, Virginia-based Monday Properties. As part of the new lease the two properties will be combined into one office campus totaling 343,000 square feet. Au...
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2017-07-21  16:38
CIJ USA
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Deals

Morning Calm buys Boca Raton offices for $38.9m

West Palm Beach-based Morning Calm Management has closed on the purchase of a Class A office building in Boca Raton in a $38.9 million deal. Constructed in 1987, the property at 301 East Yamato Road boasts 206,000 square feet. Changing hands for just under $189 per sqf, the building tenants include Client First Settlement Funding, Bridge Direct, Seeman Holtz, TDL and Luks Santaniello....
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2017-07-21  16:34
CIJ USA
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Deals

Saglo Development buys retail component of...

The Marketplace at Cypress Creek retail center has been acquired by Saglo Development for an undisclosed amount. The center is placed inside Sun City Center, an age restricted, senior housing development south of Tampa. Totaling 75,100 square feet, the shopping center is located at the northeast corner of Sun City Center Boulevard and Cortaro Drive. Tenants include DaVita Medical Grou...
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2017-07-21  16:27
CIJ Europe
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Events

Bryan Wilson from Wilsons Speaker at CEDEM 2017

Bryan Wilson, a partner at Wilsons, one of the top independent law firms in the Czech and Slovak Republics, will be among the speakers at the CEDEM 2017. The Commercial Property & Investment Summit will be held on 14th September at Prague Marriott Hotel, V Celnici 1028/8, Prague 1. CEDEM 2017 offers a unique format of discussions about the state of the industry. Delegates gain ...
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2017-07-21  12:37
CIJ Europe
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Deals

Axel Springer sells two assets in Berlin

Axel Springer has sold two assets in Germany for approximately €755m. Axel-Springer-Neubau, which is currently under construction, and Axel-Springer-Passage were sold to Norges Bank Real Estate Management. Axel-Springer-Neubau, designed by architect Rem Koolhaas (OMA), is set for completion in December 2019. The 13-story building complex offers a total rental area of approximately 52,...
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2017-07-20  17:17
CIJ USA
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Deals

Wyndham Hotel Group buys out AmericInn for $170m

Wyndham Hotel Group has agreed to pay $170 million to acquire the Minnesota-based AmericInn hotel brand and its management company, Three Rivers Hospitality, from Northcott Hospitality. AmericInn's portfolio consists of 200 primarily franchised hotels with approximately 11,600 rooms in 21 states, predominately in the Midwestern U.S., Ohio Valley, and Mountain states including Min...
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2017-07-20  17:14
CIJ USA
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Politics

Solar now the rule for new South Miami homes

In a vote decided 4-1 in favor, the South Miami city commission has approved legislation to make all new homes built in the city to have solar panels. The commission also stated that any properties whose size were to increase by 75 percent or more would need to add solar panels as well. Critics of the mandate have claimed the cost of installing solar panels on new and renovated homes ...
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2017-07-20  17:11
CIJ USA
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Company News

Cutwater secures refinancing for Walmart store

Cutwater Capital has closed on a $12.8 million refinancing of a Walmart Neighborhood Market and Fuel Center anchored retail center in Orlando. The 156,377 square foot asset, Adanson Marketplace, recently underwent a total renewal that included updating the façade, storefronts, sidewalks, landscaping and parking areas. Situated on 14.7 acres at 902-1028 Lee Road, the center includes na...
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2017-07-20  17:08
CIJ USA
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Deals

High Real Estate buys multifamily and hotel...

High Real Estate Group has closed on the dual acquisition of a four property multifamily portfolio and a Courtyard by Marriott hotel in Ewing, NJ for a combined $60 million. The four communities included in the purchase are Greenview Terrace (112 units) at 500 Alden Drive and Barrcrest Manor (85 units) at 1705 Marietta Avenue both of which are located in Lancaster, PA. The deal also i...
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