Globest Sectors

The purchaser, an affiliate of Salt Lake City-based Bridge Investment Group, has added nine senior housing properties to its portfolio with the deal to acquire Somerby, which is headquartered in Birmingham, AL.

The site provides 1,500 feet of Katy Freeway visibility to 46,032 vehicles daily and is the first development in the 106.6-acre Pederson Distribution Park, situated between Brookline, Pederson and I-10.

The rapid growth in the metro has resulted in new retail, restaurants and entertainment options opening to serve the influx of new residents, fueling investor demand and opportunities in Fort Worth.

MTA announced the L train full shutdown will be cancelled, and Governor Cuomo urged the MTA board to review the alternative plan which will allow the train's services to continue.

The 10 department stores up for sale include three properties in Opportunity Zones.

"The sale of Elmsford Distribution Center serves as a significant milestone in our plan to strategically consolidate the Mack-Cali portfolio," says Michael J. DeMarco, CEO of Mack-Cali.

The purchase by RREEF is meant to strengthen the REIT's holdings based on sector, geography and tenant base.

“I would put it as the best pricing days are more more likely behind than in front of us.”