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05/14/2018
H&R REIT Agrees to Sell $633 Million U.S. Retail Portfolio
Pictured: A Home Depot in Strongsville, OH, one of 63 retail properties H&R REIT is expected to sell this June in a $633 million deal.Toronto-based H&R Real Estate Investment Trust said Monday it has entered into an agreement to sell 63 retail properties...

05/14/2018
First Quarter Performance Shows US Apartment Market Coming Back to Earth
Pictured: Camden North Quarter in Orlando. The 333-unit property sold to Camden Property Trust in February for $80.75 million. Orlando has the highest forecast rent growth in the country, according to CoStar. The high-flying apartment sector, which...

05/14/2018
Four-Bldg. Historic Kings Road Portfolio Trades for $4.5 Million
A private investor taking title as Historic Kings Road Plaza LLC acquired a four-building flex portfolio in Jacksonville’s Butler Corridor for $4.45 million, or roughly $64 per square foot. The new owner purchased the complex from a local owner that took...

05/08/2018
KLD Realty Capital Sells 35,000-SF Shopping Center in Riverside
Locally-based investor KLD Realty Capital LLC sold the 34,700-square-foot Cassat Center in Jacksonville to a private investor for $3 million, or about $88 per square foot. Originally built in 1975, the shopping center is situated on a 2.8-acre site...

04/23/2018
Magnolia Layne Trades for $5.8 Million
Lamar Cos., a New Jersey-based investment shop, sold the 87,454-square-foot Magnolia Layne shopping center in Green Cove Springs, FL for $5.8 million, or about $66 per square foot. A private owner taking title as 1305 North Orange Ave. Holdings LLC...

04/19/2018
MHP Real Estate Services, Banyan Street Capital Forge Alliance
New York-based MHP Real Estate Services has teamed with Banyan Street Capital of Miami to form one of the nation’s largest private commercial real estate companies with a combined portfolio valued at more than $3 billion. The two firms own and manage...

04/13/2018
Ramco-Gershenson Names Former Rouse CEO as President, Chief Executive
Farmington Hills, MI-based Ramco-Gershenson Properties Trust (NYSE:RPT) has recruited Brian Harper to be its new president and chief executive officer, succeeding Dennis Gershenson. Harper will also join the shopping center REIT's board of trustees in...

04/12/2018
Walmart's $200M Plan in Florida
Walmart will open five neighborhood market grocery stores and a supercenter in the state.Walmart says it’s investing $200 million in Florida to build and improve 43 stores while also testing new technologies and innovations across the state. The retailing...

04/11/2018
Colony Industrial Continues National Logistics Expansion with 1.3M-SF Light Industrial Park Buy
Pictured: Building 100 at Westside Industrial Park in Jacksonville, FL, the largest of four logistics buildings acquired by Colony Industrial at 439,417 SF. Colony Industrial, the industrial property investment platform of Colony NorthStar (NYSE: CLNS)...

04/09/2018
LNR Partners Puts BB&T Tower Up for Sale
Miami Beach-based LNR Partners has retained Transwestern to shop the 269,176-square-foot BB&T Tower in Jacksonville’s Northbank CBD. The tower is currently 63 percent leased and is anchored by BB&T. John Bell in Transwesten’s Jacksonville office, who...

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