The two garden-style apartment communities—Doral View at 901 NW 97th Ave. and Town Fontainebleau Lakes at 1062 NW 87th Ave. were sold by Miami-based Related Group and Boston-based Rockpoint Group.

The Bloomfield, NJ-based firm reports it acquired the property, which consists of 70 personal care units and 33 memory care units, on May 14.

Dressbarn was founded in 1962 by Elliot and Roslyn Jaffe, who initially opened a single store in Stamford, CT. The company grew to a nationwide chain of approximately 650 stores that currently employ approximately 6,800 associates.

The purchase of the five retail banking branches expands the footprint of the Bank of Princeton into Burlington, Gloucester and Camden counties in New Jersey.

Building owner Emerita USA has hired the brokerage firm to help roll out an action plan to improve efficiency and operation of the historic 592,000-square-foot brick and limestone office tower as part of its reintroduction and rebranding.

With the latest transaction, the 55-story 1.53-million-square-foot office tower being developed by the Howard Hughes Corp. and Riverside Investment and Development is now nearly 60% leased.

Morning Calm Management has been growing its footprint in the Detroit MSA over the past 12 months, having closed on three transactions in the area prior to the Promanas portfolio acquisition, Newmark Knight Frank states.

“While the company continues to believe that an amicable resolution of Bow Street's expensive and disruptive proxy contest would be in the best interests of the company and its stockholders, in these circumstances, the company had no choice but to terminate settlement discussions with Bow Street,” Mack-Cali Realty states.