Oglethorpe Square trades for $24m

A private investment group bought Oglethorpe Square from Hutton. Newmark Knight Frank represented the seller in the deal.NKF Senior Managing Directors Drew Fleming and Mark Joines, together with Associate Henry Kushner, represented the seller in the transaction. Oglethorpe Square is a 159,329-square-foot shopping center in Hinesville. The asset is located at 863 W. Oglethorpe Highway. […]

Hendon Properties acquires MS retail center for $32M

Hendon Properties acquired The Forum at Grandview that is a 216,000 square foot shopping center in Madison, Miss. The seller was CBL Properties. The buyer paid $31.8 million for the asset. CEO of CBL Properties, the proceeds will be used for debt reduction and redevelopment opportunities. The Forum at Grandview is at 175 Grandview Blvd., […]

Vision Investment Company to agree Roberto Cavalli

Vision Investment Company, the investment company of Damac Properties chairman Hussein Sajwani, has signed a binding agreement to acquire Italian fashion house Roberto Cavalli. Anonymous sources believe the agreement for 100 percent of the company is worth approximately 160 million euros.Vision emerged as the highest bidder, beating competitors including Diesel owner Renzo Rossi’s Only the […]

Sharjah invests $4bn in real estate

According to the Sharjah Real Estate Registration Directorate (SRERD), over $3.9 billion worth of real estate transactions were recorded in Sharjah in the first half of 2019. Abdul Aziz Ahmed Al Shamsi, director general of the SRERD, revealed that 27,588 transactions were recorded that covered 24 million square feet in area. Al Shamsi said, “The […]

Emaar Properties accounts for one-third of Dubai deals

Emaar Properties accounted for 4,756 deals worth $3.2 billion (AED12.1bn) in the first six months of 2019. According to Property Finder reveal that the Dubai Land Department (DLD) registered a total of 18,681 transactions in the half of the year, with Emaar responsible for 30 percent. According to DLD statistics, transactions worth $10.7bn (AED40.3bn) were […]

Sunset Hospitality Group to enter Saudi Arabia, UK markets

Sunset Hospitality Group has revealed plans to aggressively expand its operations by the end of this year, with eight new outlets set to open across new markets, taking its current portfolio of 16 venues up to 24. Antonio Gonzalez, chief executive officer of Sunset Hospitality Group commented: “ We are on the right business path, […]

Florida retail plazas changed hand

Avison Young’s Florida Capital Markets Group closed the sales of two multi-tenant retail plazas anchored by Tire Kingdom for a total of $6.85 million. The same entity sold the following properties. Avison Young represented the seller in the sales of two multi-tenant retail plazas anchored by Tire Kingdom for a total of $6.85 million. The […]

Avon sells property for $231m

Avon Capital Corp., has sold the company’s property at 601 and 621 Midland Ave. in Rye for $23.1 million. The sprawling 176,000-square-foot facility is on 18.13 acres of land and had been housing Avon’s data center and related operations. The property was bought by Midland Rye LLC that is a vehicle of real estate firm […]

Khazaen Economic City unveils Phase I masterplan

Khazaen Economic City (KEC) has unveiled the detailed masterplan for Phase One of the project. The project is located to the north of the capital, Muscat. The city’s masterplan was developed by Atkins, a member of the SNC-Lavalin Group, the lead consultant for Khazaen’s planning and design work. CEO Khalid Awadh Al Balushi highlighted the […]

MPT will invest $1.6b in Propest Medical Holdings

Medical Properties Trust Inc. will invest $1.6 billion in Prospect Medical Holdings Inc. The deal involves Prospect’s real estate assets in California, Connecticut and Pennsylvania. Additively, the company will use the funds to retire the company’s existing term-loan debt. Barclays acted as exclusive financial advisor to MPT.The long term agreement includes investments in 14 acute-care […]