Thursday, June 11, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

The Plaza
FloridaOfficeSoutheast

Crocker Partners Acquires Two Office Towers in Boca Raton

by John Nelson

BOCA RATON, FLA. — Crocker Partners has purchased two office towers in Boca Raton’s Town Center Mall area from MetLife Real Estate Investors for an undisclosed price. The two properties, known as One Town Center and The Plaza, span 339,000 square feet and were 42 percent leased at the time of sale to tenants such as Wells Fargo and Kayne Anderson Real Estate Advisors. Crocker Partners purchased the two towers, which were both originally developed by Crocker entities, in a partnership with Siguler Guff. Crocker Partners will manage the properties and CBRE will handle leasing responsibilities.

Continue Reading
FacebookTwitterLinkedinEmail
Madison Carrington
FloridaMultifamilySoutheast

Equus Capital Sells Apartment Community in Metro Orlando for $14.3M

by John Nelson

DELAND, FLA. — Equus Capital Partners Ltd. has sold Madison Carrington Place, a 224-unit apartment community in Deland, roughly 30 miles north or Orlando. The private equity real estate fund manager sold the asset to Bluerock Partners for $14.3 million. Constructed in 1987, the apartment community features a clubhouse, pool, fitness center, tennis and volleyball courts and a playground. The property was 94 percent leased at the time of sale. Luke Wickham and Sheldon Granade of CBRE represented Equus Capital Partners in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaIndustrialMarket ReportsSoutheastSoutheast Market Reports

Are Hikes in Construction, Rent Around the Corner for Jacksonville Industrial Market?

by John Nelson

Over the last four years, North Florida’s industrial market appears to have stabilized. While rental rates remain flat offering a variety of expansion opportunities for users and tenants, rental increases and new construction opportunities may be right around the corner. Consider the facts: the Jacksonville industrial vacancy rate now hovers around 8.5 percent, the lowest in the last five years and down from a high of 11.4 percent in 2010. Rental rates, now in the $3.98 per square foot range for the last two quarters, have stabilized from a high of $4.38 per square foot reported in the first quarter of 2010, according to CoStar. Because of a finite supply, with an increase in demand for Class B and Class C space, a rent increase may be in the forecast. Add with the lack of choices for large blocks of Class A space, expect more build-to-suit activity, or speculative construction. In 2014, two speculative industrial projects were announced in Jacksonville. In order to meet a contractual construction deadline within the city of Jacksonville’s master developer agreement, Hillwood Investment Properties launched a 510,000-square-foot cross-dock project at Alliance Florida. Hillwood was chosen as the master developer of Alliance Florida, formerly Cecil Commerce …

Continue Reading
FacebookTwitterLinkedinEmail
300Lafayette-HFF
LoansMixed-UseNew YorkNortheast

HFF Arranges $40M Loan for SoHo Mixed-Use Development

by Amy Works

NEW YORK CITY — HFF has arranged $40 million in financing for the fee simple interest of 300 Lafayette, a development site located at the corner of Lafayette and Houston streets in Manhattan’s SoHo neighborhood. The firm worked on behalf of the borrower, LargaVista Cos., to secure the 20-year, fixed-rate loan through a national life insurance company. The development site is an 11,622-square-foot site with 365 feet of frontage along Crosby, Lafayette and Houston streets. A joint venture between LargaVista Cos. and Related Cos. plans to construct a seven-story mixed-use, retail and office building on the property. Mike Tepedino and Michael Gigliotti of HFF negotiated the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
DLC-Mgmt
New YorkNortheastRetail

DLC Management Corp. Buys 518,000 SF Power Center in New York

by Amy Works

POUGHKEEPSIE, N.Y. — DLC Management Corp. has acquired The Shoppes at South Hills, a retail power center located in Poughkeepsie. The 518,000-square-foot center was purchased for an undisclosed price. The Shoppes at South Hills is occupied by a variety of tenants, including ShopRite, Burlington Coat Factory, Christmas Tree Shop, Hobby Lobby, Kmart, Ashley Furniture HomeStore, Bob’s Discount Furniture and Chuck E. Cheese. Jose Cruz and Marc Duvall of HFF represented the undisclosed seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
RiverDriveConstruction
IndustrialNew JerseyNortheast

River Drive Construction Completes 19,400 SF Build-Out for DSVR Inc.

by Amy Works

MOUNT OLIVE TOWNSHIP, N.J. — River Drive Construction has completed the build-out of a 19,400-square-foot space for DSRV Inc. at 330 Waterloo Valley Road in Mount Olive Township. The project involved the conversion of 10,000 square feet of warehouse space into a light manufacturing facility for a diagnostics reagent process. The conversion involved the restructuring and installing various aspects of the space, including walls, extensive plumbing, HVAC and electric. Additionally, 8,000 square feet of space received a basic refresh. DSRV Inc. will now move its Georgia office and manufacturing activities to Mount Olive Township, which will optimize its operations with the new proximity to its parent company, Diagnostica Stago. River Drive Construction served as project manager of the conversion, which took eight months to complete.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialNew YorkNortheast

Kalmon Dolgin Affiliates Brokers $5M Warehouse, Parking Lot Sale in Brooklyn

by Amy Works

NEW YORK CITY — Kalmon Dolgin Affiliates has brokered the sale of a warehouse and parking lot at 39 Ferris St. in the Red Hook section of Brooklyn. Kobe Bussan USA purchased the 6,000-square-foot warehouse and 14,000-square-foot parking lot from 39 Ferris Street LLC for $5 million. The buyer, a Japanese supermarket and restaurant, plans to open a new location at the site. Jeffrey Unger of Kalmon Dolgin represented the seller, while Yoko Evans of Furumoto Realty represented the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
New JerseyNortheastOffice

SJP Properties Signs 40,000 SF Office Lease with Jet in Hoboken

by Amy Works

HOBOKEN, N.J. — SJP Properties has leased 40,000 square feet of office space to Jet at Waterfront Corporate Center III in Hoboken. Slated to launch in 2015, Jet is the latest e-commerce venture led by Marc Lore, former CEO and co-founder of Diapers.com. The company will use the Waterfront location as its headquarters. Waterfront Corporate Center III is SJP’s third and final building within its high-performance, mixed-use business complex in Hoboken. Scott Peck and Brian Wilson of Resource Realty represented Jet in the transaction; SJP was represented in-house.

Continue Reading
FacebookTwitterLinkedinEmail
Willow-Spring-Tryko
MultifamilyNew JerseyNortheastSeniors Housing

Tryko Partners Acquires Burnt Tavern Skilled Nursing Facility in New Jersey

by Amy Works

BRICK, N.J. — Tryko Partners has acquired Burnt Tavern Rehabilitation and Healthcare Center in Brick for an undisclosed price. Located at 1049 Burnt Tavern Road, the center includes 148 skilled nursing beds with expansion potential and an assisted living component that can accommodate 23 clients. The company plans to launch a $1 million renovation program to upgrade the property, which has been renamed Willow Spring Rehabilitation and Healthcare Center. Planning renovations include a state-of-the-art sub-acute care unit, expanded rehabilitation facility with cutting-edge equipment and technology, and updated common areas, patient rooms and assisted living accommodations. Tryko Partners purchased the asset from the original developer, NuVision Management. Additional terms of the transaction were not released.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaRetailWestern

Trio of Outparcels at Trabuco Hills Shopping Center in Mission Viejo Sells for $15M

by Nellie Day

MISSION VIEJO, CALIF. – C3 Properties LLC has purchased three outparcel retail pads at the Trabuco Hills Shopping Center in Mission Viejo for $15 million. The pads total 24,250 square feet. They are located at 27785, 27845 and 27865 Santa Margarita Parkway. The pads are fully leased to Walgreens, Claim Jumper and Ramona Tire & Service. C3 Properties was represented by HFF’s Trevor Harris, Matt Crawford and Jim Wellbaum of Triwell Properties. The seller, Trabuco Hills Pads LLC, was represented by CJ Osbrink and Nick Foster of the same firm.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts