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ST. PETERSBURG, FL-The Richmond, VA-based REIT paid $30.7 million or an average $66,164 per unit for the 464-unit, 89%-leased Inlet Bay at Gateway Apartments, about 80 miles west of Downtown Orlando.
PHILADELPHIA-On August 11, the 200-bed hospital in North Philadelphia will stop taking patients. On September 8, it will close its doors. The Santa Barbara, CA-based owner continues discussions with potential buyers of its 243-bed Elkins Park hospital in Montgomery County.
CHICAGO-City officials will soon be attempting to acquire nearly 650,000 sf of industrial space "in poor condition" on a 20.5-acre site at 1000 W. 120th St., hoping to redevelop the asset vacated by Ingersoll Products Corp.
HADDONFIELD, NJ-The buyer, who was not identified, takes title from UM Holdings after a deal arranged by CB Richard Ellis. The seller remains as a tenant in the building.
ATLANTA-Following a growing national trend, largely rural Henry County paid $251,000 or $10,811 per acre (25 cents per sf) for a 23.2-acre tract next to a planned 1,477-acre reservoir that has generated controversy, according to a published report.
CORAL GABLES, FL-Eric Finkelberg and Jeff Daley have joined Avatar as senior vice president of land acquisition and development, and as land acquisition manager, respectively. Both worked for Toll Brothers of Delray Beach, FL.
FULLERTON, CA-Guichet Properties LLC of Costa Mesa wins 94 units in Fullerton for about $10.4 million and Irvine investors close on a 32-unit Anaheim property for $3.4 million. In both sales, buyers and sellers are SoCal private investors.
MESQUITE, TX-In a one-off deal, a private investor from Dallas takes the deed to land for close to the $2 per sf asking price. The buyer now is deciding whether to divvy and sell retail pad sites or build.
DALLAS-Robert Yaquinto Printing Co. holds onto a building at 4515 Bronze Way that it's occupied for at least a decade. The tenant and building owner, Proterra Properties, strike a five-year, market-rate pact.
CHICAGO-A target price of $3.6 million, or $162 per sf, is sought for the site at 113 W. Chicago Ave., which includes 80 feet of frontage on Chicago Avenue and Superior Street. Access Living will also get 35,000 sf of office space in any deal.