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NEW YORK CITY—Before agreeing to merge with the JBG Cos., New York REIT also considered asset-by-asset liquidation of its portfolio or bringing in new investors for minority or majority positions.
ATLANTA—“This asset provides the buyer with the opportunity to develop an outparcel to create additional cash flow and to lease up the remaining space.”
WALTHAM, MA—The Lexington, MA-based biopharmaceutical company that is focused on developing transformative immuno-oncology products, signed a lease for 10,323 square feet at the property owned by an affiliate of Rockwood Capital LLC.
OAKLAND, CA—This low-income housing transaction includes a recapitalization through HUD that will preserve affordability even if the property is resold.
PARSIPPANY, NJ—Choice Properties has acquired a 30,459-square-foot office building located at 140 Littleton Road in Parsippany, NJ from owner Gisella Haidar.
PARSIPPANY, NJ—Boulevard Plaza in Parsippany has traded hands. A private investor who was not identified purchased the 86,000-square-foot, five-story office building located at 1055 Parsippany Blvd. from New York-based Boulevard Plaza Associates, its owner of more than 25 years.
AUSTIN, TX—In preparation for RealShare Austin coming up, Jamil Alam of Endeavor Real Estate Group, discussed the area's transformation including the latest trends and general issues facing Austin today.
HOUSTON—The principals of the sponsor, Twin Eagle Capital, have extensive experience in acquiring and managing multifamily properties in smaller markets.