Globest Sectors

The Winter Park, FL project named Watercrest Winter Park will be developed by Vero Beach, FL-based Watercrest Senior Living and Titan Development Real Estate Fund 1.

There were approximately 303,656 square feet of new leases and renewals executed in the three counties surveyed (Burlington, Camden and Gloucester), a gain of about 10% over the previous quarter, says WCRE's Jason Wolf.

“We have to grow,” John Banks of REBNY tells James Nelson in this <b>EXCLUSIVE</b> column for GlobeSt.com.

There is a healthy mix of buyer profiles targeting the purchase of shopping centers sized above 50,000 square feet, including institutions, developers and high-net-worth private individuals targeting 7 to 8% caps.

Dalcor Holdings recently purchased Vista on Gessner, an 805-unit multifamily development, and will convert all units into upgraded affordable housing for 60% of the area median income.

The life sciences and tech REIT purchased the East Midtown property agreeing to a sale leaseback with Pfizer.

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

The sale transaction for the 93.3%-leased shopping center was announced by brokerage firm HFF, which marketed the property on behalf of the seller, Retail Value Inc, which earlier this month spun off of Beechwood, OH-based DDR Corp.