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Staff and Wire Reports

Staff and Wire
Apollo Picks Up Polish Retail Portfolio for $840M
In one of the largest deals in Poland’s history, investment fund manager Apollo Real Estate Advisors has bought a portfolio of shopping centers for $840
Florida Apartment Portfolio Sells To Local Investor Group
A 1,000-unit portfolio of apartment properties in Ft. Myers, Fla., has sold for $71.3 million. Naples Realty Group bought the entire portfolio of B+ units
CNL Hospitality Files for IPO
Hotel and resort operator CNL Hospitality Properties Inc. has filed for an IPO of common stock worth up to $600 million with the SEC. CNL, an unlisted
New York Developer Buys Puerto Rico Mall
Urban real estate developer Thor Equities has bought an enclosed mall in San Juan, Puerto Rico, for $61.5 million. The Centro Gran Caribe property consists
The New Fashion: Long-Term Renewals
After two straight decades of three-year lease renewals, Bill Blass Ltd. has committed to its first long-term renewal this week. The fashion designer
GE Real Estate Buys U.K. Property Firm for $362.5M
GE Real Estate has agreed to buy Haslemere, a European property investment company, for $362.5 million. The announcement comes only weeks after GE snapped
Wells REIT II Marks Third Dividend Increase
The second Wells real estate investment trust (REIT) has raised its dividend from a 5% annualized return to a 6% annualized return. This marks Wells REIT
EOP Puts New Orleans Portfolio On the Market
Office REIT Equity Office Properties Trust is putting its entire New Orleans portfolio on the market, reports Real Estate Alert. The total value of all
CoStar Buys Tennessee Data Provider
CoStar Group Inc. has agreed to buy Peer Market Research Inc. (PeerMark), an online commercial real estate information provider in Memphis and Nashville,
Younan Buys Distressed Property in Downtown Phoenix
Younan Properties Inc. has bought downtown Phoenix’s largest office building for $21 million from MetLife. Central Plaza, a 400,000 sq. ft., Class-A office
CMD Realty Buys Trophy Tower in Tampa
Pension and financial services firm TIAA-CREF has sold a trophy office tower in downtown Tampa to CMD Realty for an undisclosed price. Trammell Crow Co.
Joint Venture Buys Kansas City Office Complex
A partnership between Hines and GE Real Estate has bought a two-building office complex in Kansas City CBD from Shorenstein Co. LLC and IBM. 2345 Grand
Coldwell Banker Strengthens Presence in D.C.
Coldwell Banker Commercial, a real estate franchisor, has brought Capitol Realty Services into its national brand. Capitol is based in Vienna, Va., in
Planning Commission OKs Rancho Cucamonga Mixed-Use Project
An $18 million mixed-use development in Rancho Cucamonga, Calif., has received approval from the local planning commission. Marketplace Properties will
Seller Gains 300% Profit on Manhattan Retail Property
An affiliate of Vornado Realty Trust has purchased a 62,000 sq. ft. retail property in Manhattan for $40 million. Real estate investment firm Mark Holdings
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