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NEW YORK CITY—If the wireless infrastructure REIT doesn't have the right cost of capital, “it should not be pursuing acquisitions or issuing equity,” activist shareholder Keith Meister wrote in a letter Tuesday, which proposes a plan for boosting CCI's equity currency.
BALTIMORE—The Bozzuto Group and H&S Properties are partnering on a new apartment project in Harbor East that could have a price tag in the neighborhood of $100 million.
PHOENIX—Helix, an Arizona-based commercial real estate investment company, recently acquired a truck distribution industrial complex in Tolleson for $12.75 million.
ATLANTA—Atlanta's office market is on a winning streak. In fact, it's the first time since 2009 that vacancy dipped below 18%. What's driving the momentum?
NEW YORK CITY—“You have to understand the amount of equity that's in this city today, and people's return expectations,” Eastern Consolidated's David Schechtman said at the recent RealShare New York conference.
BOSTON—Locally-based Boylston Properties has secured $56 million in permanent financing for the recently built Residence Inn Boston/Back Bay Fenway hotel here.
PHOENIX—In this edition of Deal-Tracker, ORION Investment Real Estate announces the closing of the Campbell Shops at 24th Street located at 4517 North 24th Street in Phoenix for $2.3 million to Santa Fe Arms LLC, managed by Steve Olafson in Scottsdale.
MORRISTOWN, TN—Wheeler Real Estate Investment Trust reports it has entered into a contract to acquire the Crockett Square Center here for $9.75 million.