The Tel-Aviv real estate firm acquired the 60,000 square-foot Williamsburg waterfront retail condominium for $47.3 million.

In the first deal, recently formed LBX Investments of Los Angeles has purchased Alfaya Commons, a 130,811-square-foot shopping center at 11792-11970 East Colonial Drive from Regency Centers in a deal valued at $19.8 million.

It paid $82.5 million for the site or $589,000 per acre.

Origin Investments and Randolph Street Realty Capital have had success in renovating a fractured condo development into an apartment community.