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CHARLOTTE, NC—A partnership of locally-based Mountain Real Estate Capital and Varde Partners of Minneapolis provided capital to facilitate Oakwood Homes' acquisition of Henry Walker Homes of Centerville, UT.
NEW YORK CITY—A partnership of Slate Property Group, Adam America Real Estate and AEW Capital Management, L.P. say they have entered into a ground lease at 535 Fourth Ave. in the Park Slope neighborhood of Brooklyn.
BALTIMORE—The soon-to-be vacated Social Security Administration building would be ideal for a planned campus expansion, except for one critical item—the significant cost of the property's renovation.
MIAMI—Entities of KAR Properties have acquired another high-density land site in the city's central business district that will be part of its Miami River Village gated community for $33.1 million.
CHAPEL HILL, NC—A joint venture of ATCO Properties & Management, a New York City-based commercial real estate owner and operator and Durham, NC-based real estate investment firm Zapolski Real Estate LLC have acquired 137 East Franklin St. here.
UNIONDALE, NY—Arbor Realty Trust, Inc. reports it has closed on a $375-millioin collateralized loan obligation (CLO) issued by two newly formed subsidiaries of the locally-based real estate investment trust.
PHILADELPHIA—The new ownership of the 401 N. Broad St. building in Center City will be moving forward with its planned $70-million renovation as it tries to lease up the vacant space at the telecommunications building.
JERSEY CITY, NJ—The pending move by Forbes Media from Manhattan to Jersey City may be the first of a number of media companies making headlines by relocating operations here.
BOCA RATON, FL—Affiliates of locally-based real estate investment firm The Herrick Company Inc. has acquired 44 retail properties net leased to CVS Caremark in 18 states from private equity firm Fortress Investment Group LLC for a purchase price of approximately $190 million.