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MALVERN, PA—Liberty Property Trust named Billy Grayson as director of sustainability. Grayson is responsible for developing and executing sustainability strategy across Liberty's 105 million square foot portfolio.
BAYONNE, NJ—Castle Lanterra Properties has acquired Alexan CityView, a 544-unit apartment community on 7.4 acres along the waterfront in Bayonne for $147.5 million. The property is being renamed Harbor Pointe.
JERSEY CITY, NJ—Margules Properties has purchased five mixed use buildings in Jersey City where the NYC based investment firm owns and manages more than one million square feet of development rights in the city's Journal Square neighborhood. And CEO Eric Margules tells GlobeSt.com exclusively that he's in Jersey City for the long haul.
TOLEDO, OH and TORONTO—For Welltower Inc., the closing of the Regal Lifestyle Communities deal brings its ownership interest to more than 21,500 seniors housing units across Canada.
MINNEAPOLIS—Fairbridge may have originally bought the suburban flex building as a long-term hold, but when the MN industrial market took off, it seized the opportunity to realize an internal rate of return of 75%.
NEW YORK CITY—REIT management's earnings call comments on possible M&A will be paid close attention “given the recent string of take-outs in the sector,” writes Jefferies analyst Omotayo Okusanya.