National News

RK Centers acquires 256,000 s/f Pineapple Commons in Sunny Isles Beach, FL for $48.5 million

Sunny Isles Beach, FL RK Centers has acquired the Pineapple Commons, a regional power center with 256,000 s/f of open-air shopping located on US-1 at 2505 NW Federal Hwy. The purchase price was $48.5 million. The seller was Kimco Realty, represented by broker Dennis Carson of CBRE.

Lee & Assocs. and the Lee Land Team sell self-storage site in Murieta, CA for $5.8 million

Murrieta, CA Lee & Associates, and the Lee Land Team, sold an entitled self-storage site on Murrieta Hot Springs Rd. and Date St. on 3.04 acres. Matt Weaver, Al Apuzzo and Alex Bentley represented the seller, MHS 98 LLC.

Mohanan joins Sanbord, Head & Associates, Inc. Philadelphia office

Philadelphia, PA Sanborn, Head & Associates, Inc. (Sanborn Head) has added Nisha Mohanan, PE as a project director in the firm’s Development Client Service Area. Mohanan will serve as a senior leader

South Florida real estate investor uses Worth Avenue Capital loan to invest in a condo in West Palm Beach

West Palm Beach, FL Worth Avenue Capital, LLC (WAC) closed a $285,000 loan to a real estate investor in South Florida. The loan proceeds were used to purchase a condo on South Flagler Dr. The loan is secured by a blanket first mortgage on the condo unit that was purchased as well as a second mortgage on another property in

Cleeman Realty Group brokers off-market sale of Johnstowne Mall in Shelbyville, Illinois

Shelbyville, IL Cleeman Realty Group negotiated the off-market sale of Johnstowne Mall. The 70,338 s/f shopping center was 74% occupied at the time of closing and featured a lineup of national tenants including Dollar Tree, O’Reilly Auto Parts and Ace Hardware.

Cleeman Realty Group arranges $10.1m off-market sale of net lease Winn Dixie Supermarket in Laplace, LA

Laplace, LA Cleeman Realty Group negotiated the off-market sale of a freestanding Winn Dixie Supermarket. The 62,297 s/f building is located at 1830 West Airline Hwy. on a 7 acre lot. Michael Cleeman and Sam Seelenfreund of Cleeman Realty Group represented the buyer

The Broadway Company sells 'Le Charles' in Montreal for $8.65 million

Montreal, Canada Boston-based real estate investment firm The Broadway Company has sold 3639-3641 Sainte-Famille, a 51-unit apartment building in the heart of the McGill Student District in Montreal, Quebec, Canada. The sale price was $8.65 million CAD

Scheer and Cleeman of Cleeman Realty Group sell 56,504 s/f Winn Dixie Supermarket in Pinson, AL

Pinson, AL Cleeman Realty Group negotiated the off-market sale of a freestanding Winn Dixie Supermarket. The 56,504 s/f building is located

Newmark facilitates $457.5 million sale and $365 million financing of off-market multifamily portfolio

Oklahoma City, OK Newmark Multifamily has facilitated a $457.5 million sale and $365 million financing of a 20-property multifamily portfolio spanning from the Carolinas to Oklahoma. The 2,899-unit portfolio was sold for New York-based Cedar Grove Capital to Austin-based GVA Real Estate

DPS Group expands office in Philadelphia

Conshohocken, PA DPS Group, a privately-owned, global engineering, procurement, construction management, validation (EPCMV), and technical services firm serving the life science industries, has expanded