Blog Archives

Starwood Property Trust Snaps Up Another Florida Affordable Housing Portfolio for $600M

Starwood Property Trust Inc. (NYSE: STWD) has agreed to buy 28 properties with a combined 6,185 affordable housing units in Orlando, Tampa and other major Florida markets for $ 600 million. Starwood, the nation’s largest commercial mortgage REIT, announced the signing of a definitive agreement to acquire the institutional-quality portfolio in an off-market transaction. The […]

Area: sqft Bed Room:  Price: 
City:  Location: 

Workspace Property Trust Files for IPO to Raise $100 Million

A year after acquiring a nearly $ 1 billion portfolio of suburban office properties, Horsham, PA-based Workspace Property Trust on Monday filed to raise up to $ 100 million through an initial public offering. Workspace Property, which first filed a confidential S-11 registration statement on June 30, plans to list on the New York Stock […]

Area: sqft Bed Room:  Price: 
City:  Location: 

Geneva Grp Buys Citizen Bank & Trust Plaza in Lakeland

The Geneva Group purchased the Citizen Bank & Trust Plaza office building at 402 S. Kentucky Ave. in Lakeland, FL from a private investor for $ 7.2 million, or about $ 101 per square foot. The six-story building totals 71,190 square feet on 1.3 acres. The asset delivered to the Polk County submarket in 1975 […]

Area: sqft Bed Room:  Price: 
City:  Location: 

Office Lease Up (August 14) Northern Trust Inks 462,000-SF Lease for New Employment Hub at “Big Red”

Chicago-based Northern Trust (NYSE: NTRS) has signed a lease with The John Buck Co. and Morgan Stanley to occupy 462,000 square feet in the venture’s 333 S. Wabash Ave. tower in Chicago’s East Loop. The John Buck Co. and Morgan Stanley paid $ 108 million back in March 2016 to acquire “Big Red,” a 1.2 […]

Area: sqft Bed Room:  Price: 
City:  Location: 

Four Corners Property Trust Sells Shoppes of Lakeland

New Profile Construction Realty, Inc. purchased the Shoppes of Lakeland at 3911 US Hwy 98 N from Four Corners Property Trust, Inc. for $ 5.2 million, or about $ 554 per square foot. The 9,382-square-foot building was constructed in 1987 in the Polk County submarket. Andrew Greenberg of EXP Realty Advisors represented the buyer. Randy […]

Area: sqft Bed Room:  Price: 
City:  Location: