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ORLANDO-The 11-year-old, locally based brokerage and property consulting firm founded by three brothers, handled three deals totaling 295 apartments that sold for an average $40,932 per unit.
TEMPE, AZ-Greenwood & Son of Tustin, CA buys 14 acres in Elliot Corporate Center for future development of industrial or office. The seller delivered 230,000 sf in a phase one, but retreats and sells because the back-office market has softened.
GLENDALE, AZ-The buyer, a family-owned investment group, gets a fully leased 19,141-sf office building, stable tenant roll and prime location along West Olive Avenue. The asset had been on the market about eight months.
LONDON-Morley Fund management, which last week bought the bulk of the pounds 695 million ($1.1 billion) Chartwell land portfolio has added another retail park to its portfolio with the pounds 63.6 million ($104 million) purchase of the Beckton Triangle park in East London.
CHICAGO-Although it remains on the hook for another 70,000 sf, Prime Group Realty Trust finds a taker for 55,494 sf at 1 N. Wacker Dr. in Indianapolis-based Barnes & Thornburg. The REIT inherited the space when it lured Citadel Investment Group to Dearborn Center.
NEW YORK CITY-Stephen L. Green bought the building in 1997 for $36.6 million. Insignia began a marketing campaign last summer, and after two deals fell through, Moinian won out over a local bidder. A hard contract was signed last Friday.
DENVER-Colorado Preservation Inc. will host its sixth annual conference on the challenges that developers face in this state Feb. 6 to 8 at the Denver Athletic Club.
CHICAGO-Dubin Residential, a developer of condominiums and townhomes in the city of Chicago, has purchased an approximate four-acre site of a former candy factory on the northwest side for a new townhome development.
EL CERRITO, CA-After years of negotiations, El Cerrito city officials are taking a significant step towards the development of a parking garage, mixed-use development and fitness center at El Cerrito Plaza.