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Toro Real Estate Makes First Opportunity Zone Investment

John Jordan |

The property in Columbus consists of 121 units that are completely vacant and have significant deferred maintenance attached to it.

BGC Partners Spin-Off of Newmark Group Effective Nov. 30

John Jordan |

The spinoff of commercial real estate services firm Newmark Group is expected to become effective on Nov. 30, BGC reports. The stock distribution will be to BGC stockholders of record as of the close of business on Nov. 23, 2018 (the record date).

Guardian Residential Closes Fund with Model Home Portfolio Buy

John Jordan |

The Denver-based company reports that on Oct. 1 it closed a sale-leaseback transaction with Dream Finders Homes on 23 homes across seven states.

News

School District Acquires Land in Path of Growth

Lisa Brown |

The land purchased by Katy Independent School District is located off of Katy Hockley Rd., sharing two borders with Newland Communities’ master-planned residential community, and is west of Grand Parkway.

News

Challenges No Match for Buyer/Seller Rep

Lisa Brown |

The $51.74 million sale of Avocet Apartments, a 336-unit multifamily property, recently closed in this fast-growing and affluent westside area at 11340 Alamo Ranch Pkwy. in San Antonio.

Miami Dade Commission Picks Civil Courthouse Site

John Jordan |

The property was not Mayor Carlos Gimenez’s first choice, who had pushed to build the courthouse next to the Children’s Courthouse.

‘Crowds of Vagrants’ Prompt Artist to Seek End of Lincoln Road Gallery Lease

John Jordan |

The Denison Corp. has won the first round in the case as Miami-Dade Circuit Judge Thomas Rebull recently denied an emergency motion filed by Kluger for future rent to be deposited in a court registry instead of going directly to the Denison firm.

Multifamily Assets Have Long-Term Returns

Lisa Brown |

In the first two months of this year, 12 multifamily transactions totaling 3,699 units were completed in Dallas, Houston, Halthom City and San Antonio.

ASB Completes Sale of Infomart Dallas

Lisa Brown |

ASB completed the previously announced sale of Infomart Dallas to Equinix Inc. for $800 million.

News

Tech Firm Stays Put in Concourse Office Park

Lisa Brown |

InvenSense Inc. will remain in its 139,336 square feet of space at Concourse, 1745 Technology Dr., through April 2025.