Acquisitions/Dispositions

WASHINGTON, DC-The partnership purchased the property from a JV between Rockpoint and MRP, and plans to rebuild have been scrubbed in favor or developing new.

TEMPE, AZ-Interwest Capital and Angelo, Gordon & Co. pay $46 million to servicer Petra Capital Management. The new owners plan upgrades to the tune of $5,000 per unit.

CHICAGO-Equity Residential is entitled to receive $150 million in breakup and termination fees if the deal closes, an amount it may have to return if it ends up buying Archstone anyway.

SARASOTA, FL-A multifamily property situated in the Palm Aire community in Sarasota has changed hands.

MIAMI-A company operated by Michael Adler, a Miami developer, has sold a shopping center in Pinecrest for $8.5 million to Manaca Pinecrest Center, a Fisher Island company.

LAS VEGAS-Scott Kaplan of CBRE talks about the bounce back in the San Bernardino County market.

WASHINGTON, DC-Congress wants FASB to slow down and consider the potential fall out from the lease accounting convergence proposal.

CARLISLE, PA-The two bulk warehouses along the I-81 industrial corridor of central Pennsylvania were owned by Hillwood; published reports put the combined selling price at $93 million.

LAS VEGAS-There is more optimism in the retail real estate industry than years before, says Stan Johnson's Briggs.

GARDEN CITY, NY-Engel Burman will continue managing the six properties it developed across Nassau County; a seventh community in East Northport will be part of its joint venture with Harrison Street. 

LOS ANGELES-Orange County-based Clearview Capital LLC, who paid $20 million for the 156-room property, ‘was attracted to the high quality brand and product,’ says a source.

WASHINGTON, DC-Panelists at the upcoming RealShare Washington, DC will discuss what is driving development in the area, the changing nature of office supply and demand, and the outlook of investment sales here.

MIAMI—Blanca Commercial Real Estate's Danet Linares tells GlobeSt.com's Jennifer LeClaire mass transit is Miami’s Achilles heel right now.

SEATTLE-Joshua Green Corp., a family-owned company, has acquired Plaza 600, a 20-story office building in downtown Seattle, from the Vance Corp.

ATLANTA-Irving-based Cobalt Capital Partners LP has purchased an industrial portfolio in Atlanta for an undisclosed price.

RICHARDSON, TX-New York-based CapLease Inc. has bought a two-building office complex situated at the northeast corner of Campbell Road and North Central Expressway in Richardson for an amount of $46 million.

WAUKESHA, WI-Mandel Group Inc. has acquired a 340-unit apartment complex in downtown Waukesha from companies created by developer Bryce Styza.

WEST SACRAMENTO, CA-Along with an almost 5,000-unit apartment portfolio, former Lehman partner LCOR also brings development abilities to the locally based investment giant.

BETHESDA, MD-The merger of the Reznick Group and J.H. Cohn will create an organization with a larger public presence, allowing for a greater focus on REITs, David Kessler tells GlobeSt.com's Erika Morphy.

NASSAU BAY, TX-The Houston investor acquires the class B building -- as well as the 238,000-square-foot Monaco Park in Denver -- from LNR through Auction.com.