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CASTLE ROCK, CO-After paying $96 million in December to Baltimore-based Prime Real Estate for the Prime Outlets at Castle Rock, TGS Harvard North American REIT has changed the name to the Outlets at Castle Rock.
SACRAMENTO, CA-The sale includes two new luxury properties located on adjacent parcels in North Natomas, a suburb of Sacramento. The seller was a joint venture of Fairfield Development and GE Capital. The buyer was a private family in a 10-31 Exchange.
NEW YORK CITY-Island Fund, a newly formed entity controlled by Andrew L. Farkas, Insignia's chairman and CEO, will purchase all of Insignia's real estate investment assets.
TUSTIN, CA-The $135,897 per unit is among the highest per-unit prices paid for an apartment complex of comparable age and location. The buyer gets a 33-year-old complex, 94% occupancy and monthly per unit rent of about $1,300.
HOLLYWOOD, FL-The development team has a string of projects in the works: it recently opened Colonial Park in Margate; completed construction of The Meridian in Hollywood; and has three more projects in the plans for north of Palm Beach.
DALLAS-Gillean Properties wins the heated bidding on the Dallas County Courthouse steps for 9825 Webb Chapel Rd., a 10-building complex with ample upside. Armed with the capital for the play, Gillean starts making over the 85%-leased property.
DALLAS-The 395,910-sf Premier Place's deed is just the first that Cornerstone will collect as it ends a six-year hiatus from buying in Dallas. It has the wherewithal to get the deal done, as it proved by collapsing a single-asset REIT to take over Premier Place.