12 stories on acquisitions in commercial real estate.
A TPG Real Estate-led investor group including PSP Investments and Norges Bank has acquired Pittsburgh-based ECHO Realty and its ~230 grocery-anchored centers for $2 billion.
Hudson Valley Property Group acquired Mosa Apartment Homes, a 387-unit affordable community in Elk Grove, CA, for $83.6M including assumed Freddie Mac debt.
Colliers has brokered the sale of a 321,000 SF, 11-story office tower at 2323 Grand Boulevard in Kansas City to Wichita-based Crain Co.
Beyond Inc. has signed a $150M deal to acquire The Container Store, uniting two home goods brands and positioning stores as anchors of its Home Services strategy.
Ares Management agreed to acquire 36 industrial properties totaling 7.3M SF from EQT Real Estate for $650M+, its second major portfolio deal with the firm.
Jonathan Rose Companies acquired the 126-unit Caroline Apartments in Manhattan's Inwood for $53M, the eighth deal for its Affordable Housing Preservation Fund VI.
Younger Partners Investments acquires Presidio Junction, a fully leased 375,000-sq-ft three-property retail portfolio at I-35W and North Tarrant Parkway in Fort Worth.
CBL Properties acquired Gateway Mall, an 843,000-sq-ft enclosed mall at 6100 O Street in Lincoln, Nebraska, from Washington Prime Group for $43.5 million.
AVAD Capital and Etude Capital acquired a 578-unit self-storage facility in Odessa, Texas from Texas Lone Star Storage Centers Ltd., with Versal brokering the deal.
Japanese homebuilders now control stakes in 33 U.S. residential firms, closing in on 6% market share as Daiwa House and Sekisui House lead an acquisition wave.
Andrew Levison, CIO of The Dermot Company, rose from side-project landlord to overseeing ~$5B in NY and Florida multifamily assets after a 2015 ownership buyout.
Witnick Real Estate Partners acquired three adjacent walk-up buildings at West 96th Street on the Upper West Side for $22.5M from Schreiber Properties.