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Sperry Equities Obtains Chicago-Area Retail Asset For $26 Million

Sperry Equities has acquired a Chicago-area shopping center anchored by Kohl’s for $26.2 million. The Irvine, California-based firm acquired Willow Creek Center in Glenview, Ill., from Heitman, a Chicago-based real estate investment firm. Mid-America Real Estate Corporation Principal Rick Drogosz, Principal Ben Wineman and Associate Vice President Emily Gadomski were exclusive brokers on the transaction. Huntington National Bank granted a $16 million loan to finance the purchase. Drew Burlak, …

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Deutsche Bank’s RREEF Management Acquires Wellington Rental For $71 Million

Deutsche Bank is once again hunting down South Florida multifamily properties.  RREEF Management, a commercial real estate capital based in Chicago and owned by the German bank, earned a rental community in Wellington, Florida, the equestrian capital of the world for $70.6 million as per records. Waterstone at Wellington, located at 2029 Vinings Circle, holds 222 units, spanning 14 …

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Blackstone Obtains Industrial REIT WPT In $3.1 Billion Deal

Blackstone is continuing its spree of properties; this time, picking up WPT Industrial Real Estate Investment Trust in a deal valued at $3.1 billion. The Manhattan-based investment giant, through its Blackstone Real Estate Income Trust, agreed to buy WPT for $22 per share, a 17.1 percent premium on its Friday closing price, in an all-cash deal that includes the …

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Amazon To Build 1M SF ‘First-Mile’ Warehouse In Port St. Lucie

Amazon, the e-commerce giant declared that they will open a 1.1 million-square-foot fulfillment center in Port St. Lucie, Florida, next year. The building will be constructed on 110 acres at Midway Business Park on West Midway Road near Interstate 95, the city said in a news release. Site clearing has begun, and construction is projected to be completed by …

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Cortland Buys Boca Multifamily Complex For $230 Million

Cortland acquired a Boca Raton rental complex for $230 million, making it South Florida’s most expensive multifamily sale of the year. The Residences Uptown Boca, located at 20940 Uptown Avenue, holds seven buildings and 456 apartments. The 38-acre property sits on the outer edge of Palm Beach County near the Everglades National Park. Only one unit has yet to …

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