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Starwood Ups Initial Bid for Milestone Apartments REIT Buyout
An affiliate of Starwood Capital Group agreed to sweeten its offer to take Milestone Apartments Real Estate Investment Trust private through a cash-for-stock transaction. Under the revised bid announced in a joint release by the two companies, Milestone...

CoStar's People of Note (Mar. 17) - Colliers Florida Announces New Statewide Leadership, Principals Named at Lee & Associates, Next Realty
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Tampa / St. Petersburg, San Diego, Washington DC, Raleigh / Durham...

Summit Mgmt. Invests Big in Suburban Denver's Multifamily Market
Summit Management Services bet big in suburban Denver after the Akron, OH-based property management firm paid $86 million, or approximately $246,000 per unit, for the Stonegate Apts. in Bloomfield, CO. Completed in 2002, Stonegate is a 350-unit multi...

Gordmans Joins Growing List of Dept. Stores Shutting Down
Add Gordmans Stores Inc. (NASDAQ: GMAN) to the growing list of department store chains throwing in the towel. The Omaha, NE-based chain filed for bankruptcy and plans to enter into an agreement with Tiger Capital Group and Great American Group to handle...

Office Lease Up (March 13) Blue Shield Signs 200,000-SF Lease in Planned Move from San Francisco to Oakland
In one of the largest office leases in Oakland on record, Blue Shield of California will move its corporate headquarters into 200,000 square feet at 601 City Center, a project finally under development by Shorenstein Properties and MetLife Inc. after...

CoStar's People of Note (Mar. 10)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Santa Fe, Boston, Chicago, Orange County, Phoenix/Tucson...

Gemini Rosemont Changes CEOs as Part of Planned Transition
As part of a planned senior management transition, Santa Fe-based Gemini Rosemont Realty, LLC promoted its current chief operating and chief investment officer Don Henry to CEO, succeeding Michael E. Mahony, who will move to the newly-created position...

Slipstream Properties Buys Colorado Springs Apt. Complex
Slipstream Properties acquired the Gardens at Hidden Creek Apts. in Colorado Springs, CO from Madison Realty Investors for $10.2 million, or about $82,000 per unit. Gardens at Hidden Creek is comprised of 20 studios, 80 one-bed/one-bath units and...

Greenwood Village Square Pays $7.5M for Retail Property in Aurora
Greenwood Village Square purchased the property at 23903 E. Prospect Ave. in Aurora for $7.468 million. The property was fully occupied with stable tenants at the time of the sale, and the transaction was part of a 1031 exchange. The building, which...

The Praedium Group Boosts Denver Multifamily Portfolio
New York City-based national real estate investment firm The Praedium Group closed on its second Denver-area multifamily acquisition in the last three months with the purchase of Centennial Park in Centennial, CO. Praedium, which in December bought...

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