This feature rounds uprecent property news from covered companies and highlights larger deal coveragealready published.
* Retail OpportunityInvestments Corp., in reporting its first-quarter results, said it hasbinding contracts to purchase two grocery-anchored shopping centers in separatedeals totaling $91.2 million.
One of the contracts is to acquire Bouquet Center in Santa Clarita, Calif., for$59.0 million. The shopping center is approximately 149,000 square feet in sizeand currently 95.0% leased.
The second contract is to acquire Bridle Trails Shopping Center in Kirkland, Wash.,for $32.2 million. The shopping center encompasses approximately 106,000 squarefeet and is currently 97.0% leased.
* Duke Realty Corp.,in announcing its first-quarter results, said its property dispositions in the periodtotaled $90 million.
Among the wholly owned properties sold by the company were twosuburban office assets, which were 77% leased and totaled 264,000 square feet, anda nonstrategic industrial property in St. Louis that was 100% leased and totaled119,000 square feet.
The company also sold its joint venture interest in five suburbanoffice buildings in South Florida and Atlanta that were 99% leased and totaled 733,000square feet.
* Jones Lang LaSalleIncome Property Trust Inc. purchased a 386,000-square-foot, class-Adistribution center in Tampa, Fla., for approximately $28.3 million, making it the17th property investment the company has made in the industrial sector over thelast three years. The company said the property is fully leased with a weightedaverage remaining lease term of over six years.
* InterRent RealEstate Investment Trust entered into an unconditional agreement to off-loadits properties in Kingston, Ontario, totaling 202 suites for approximately C$21.2million, or C$105,000 per suite. The company said the deal is expected to be completedin May, with net proceeds of approximately C$9.2 million.
* Canadian ApartmentProperties Real Estate Investment Trust completed the purchase of aresidential townhome property containing 71 two-, three- and four-bedroom unitsin Markham, Ontario, by paying approximately C$16.4 million. The company said itfunded the buy with its acquisition and operating credit facility.
* Universal HealthRealty Income Trust acquired the Madison Professional Office Buildingin Madison, Ala., in March for approximately $10.1 million. The company said themultitenant property consists of roughly 30,100 rentable square feet and is fullyoccupied with an average remaining lease term of approximately six years at thetime of acquisition.
* Howard HughesCorp. and Westin Hotels & Resorts announced the opening of The Westinat The Woodlands in Greater Houston. The 13-story hotel is the first Westin in TheWoodlands master planned community and the 50th Starwood hotel in Texas. It features302 guestrooms and suites.
* Strategic StorageGrowth Trust Inc. entered into a contract to buy a ground-up self-storagedevelopment in Pembroke Pines, Fla., upon issuance of a certificate of occupancy.
The property consists of a 3.0-acre tract of land that will bedeveloped by a regional developer into a self-storage facility. The developer intendsto set up a facility consisting of a two-story and a three-story building with roughly880 units and 85,000 net rentable square feet. Strategic Storage said in a filingthat the new facility is scheduled to be completed in the first or second quarterof 2017.
* Whitestone REIT,in announcing its first-quarter results, said it completed the sale of approximately0.5 acre of its 4.5-acre Pinnacle Phase II development parcel in Scottsdale, Ariz.,for $1.1 million. The company booked a gain of $1.0 million on the sale, which wascompleted in February. In March, the company sold its noncore Brookhill property in Houston for $3.1 million,recording a $1.9 million gain on the sale.
* DuPont FabrosTechnology Inc. said that in February it acquired two parcels of landin Ashburn, Va., totaling 44.0 acres for $20.2 million.
The company, in reporting its first-quarter results, said oneof the parcels is inside its Ashburn Corporate Campus and one is adjacent to it.
In March, the company entered in to a contract to acquire 46.7acres of land in Hillsboro, Ore., for $11.2 million. DuPont expects to completethe acquisition in the third quarter.
* Government PropertiesIncome Trust, in reporting its first-quarter results, detailed its officeproperty disposition activitiesin March.
The company said it struck a deal to off-load a property in Savannah,Ga., with 35,228 rentable square feet and a net book value of $3.1 million at March31. The contract sales price is $4.5 million, excluding closing costs. The saleis subject to conditions and is currently expected to take place during the thirdquarter.
Separately, the company entered into an agreement to sell anotheroffice property in Falls Church, Va., with 164,746 rentable square feet and a netbook value of $12.3 million at March 31. The contract sales price is $14.8 million,excluding closing costs. The sale is subject to conditions, including the purchaserobtaining certain zoning entitlements and is currently expected to occur duringthe first quarter of 2017.
* Fibra Innwrapped up the acquisitionof the 145-room Casa Grande-CiudadJuarez Hotel in Mexico's Chihuahua state. The company, which intendsto add 50 rooms and rebrand the hotel to an international brand, said the rebrandingand the room additions are expected to conclude during the fourth quarter of 2017.
* CHSP in reporting its first-quarter earnings said it sold afive-room villa building and land parcel at the Hyatt Centric Santa Barbara for$2.1 million on April 14.
The company expects to recognize an $600,000 gain on the saleof the hotel in the second quarter.
* Landmark InfrastructurePartners LP closed its first direct acquisition of wireless tenant sitesunder its unit exchange program under which the company buys assets directly fromowners in exchange for units, not cash. The company said the acquisition is expectedto be accretive to its distributable cash flow.
Equity Residentialreports YOY normalized FFO dip, tightens FY'16 guidance range: The companyalso detailed property dispositions in East Palo Alto, Calif., and Manhattan, N.Y.
Realty Income postsYOY rise in Q1 earnings: The company maintained its full-year guidancein releasing its first-quarter results.
Acadia Realty detailsQ1 deals: During and subsequent to the first quarter, the company acquired,or entered into contracts to acquire, $271.6 million of core portfolio properties.
AvalonBay reportsQ1 FFO gain, details Q2 guidance: The company also said it acquireda development right in Manhattan, N.Y., that it plans to develop at a total costof $550 million.
Public Storagenotches YOY FFO, core FFO gains in Q1: The company's board also declareda regular common quarterly dividend of $1.80 per common share, which will be paidJune 30 to shareholders of record as of June 15.
Camden Propertysells Las Vegas portfolio for $630M: The portfolio comprised 4,918 apartmenthomes, a retail center and approximately 19.6 acres of undeveloped land and wassold as part of the company's capital-recycling efforts.
$550M NYC developmentproject will boost AvalonBay into next cycle, execs say: The development,on East 96th Street in Manhattan, is a public-private partnership that is expectedto include 1,100 apartments, 20,000 square feet of retail space and two public schoolbuildings.
American Campusmeeting with institutional investors on a large portfolio sale, execs say:The company hopes to direct the proceeds of a round of asset sales into new development,executives said.
Columbia Propertyshares spike on 'big news' lease deal: An analyst pair applauded thede-risking impact of the company's 30-year, full-building lease deal at 222 E. 41stSt. in New York.
Realty Income CEOaddresses tenant watch list: On an earnings call, CEO John Case brieflyaddressed the expected impact of Sports Authority's planned liquidation.
Boston Propertiesexecs talk Silicon Valley buy: The company acquired a property it plansto expand in the sought-after technology hub of Silicon Valley.
Mack-Cali acquiringEquity Commonwealth property in Hoboken, NJ, for $235M: Mack-Cali isalso acquiring a property in Edison, N.J., and selling several others.
Washington REITto sell Md. portfolio to Brookfield Property affiliate: Separately,the company said it agreed to buy a 1,222-unit Riverside Apartments in Alexandria,Va., for roughly $244.8 million.
Industrial PropertyTrust unit inks $187.5M deal to acquire 7-building portfolio: The transactionis expected to close in the second quarter.
Report: GeneralGrowth JV finds new buyer for office component of NYC asset: GulaylarGroup's New York property development arm has agreed to buy the 90,000-square-footoffice component of 685 Fifth Ave. office and retail building in Midtown Manhattan,N.Y.
Gramercy closesacquisition of industrial portfolio for $115.2M: The portfolio comprises12 single-tenant net lease industrial assets totaling approximately 1.5 millionsquare feet.
Gaming and Leisurecloses Pinnacle deal, new Pinnacle OpCo spun out: Under the transaction,Pinnacle Entertainment shareholders received 0.85 share of Gaming and Leisure Propertiescommon stock and 1 share of the new operating company for every Pinnacle share theyowned.
Essex Propertyreports Q1 FFO up 16% YOY, affirms FY'16 guidance: The company alsodetailed development and property transaction activity in the first quarter.
Potlatch to sellIdaho timberlands for $114M: The company's board of directors approveda $60 million share repurchase program.
Winthrop Realtycompletes Sullivan Center sale for $95.3M: The company said the netproceeds received from the sale are consistent with the asset's liquidation valueat Dec. 31, 2015.
InvenTrust wrapsup Highlands REIT spinoff: The spinoff was completed April 28 via ataxable pro rata distribution of 100% of Highlands' outstanding common stock toInvenTrust common stockholders of record as of the close of business April 25.
Sienna Senior Livingcloses C$16.5M home care biz sale: The company sold the business toSpectrum Health Care.