This feature rounds up recent commercial property news and highlights larger deal coverage already published.
* An affiliate of Fortress Investment Group acquired the 769,391-square-foot Associated Grocers of Florida distribution center at 1141 SW 12th Ave. in Pompano Beach, Fla., from SuperValu Inc. for $66.4 million as part of a portfolio deal, the South Florida Business Journal reported.
* AEW Capital Management and Mast Capital purchased a 6.3-acre site at 1001 NW 7th St. in Miami for $26 million from RAD Miami River, with plans to build 688 units, The Real Deal reported.
* Ashford Hospitality Trust Inc. closed on the sale of the 109-room Residence Inn-Tampa Downtown in Tampa, Fla., for $24 million.
* Genesis Land Development Corp. agreed to repurchase 31 lots for C$5.2 million from a third-party builder in a deal expected to close in May. Moreover, the deals to sell 23 lots to the builder were canceled in consideration for the lots being returned and Genesis retaining the associated C$655,000 of deposits.
* Pinnacle Housing Group LLC received approval from Hollywood, Fla.'s planning and development board for its $28.4 million, 120-unit Pinnacle at Peacefield affordable seniors housing development, The Real Deal reported, adding that the developer will close on the land for the development for $2.1 million. Construction on the property is expected to start Nov. 1, with completion slated by the end of 2019.
* An affiliate of Alliance Residential Co. paid $9.7 million for a roughly 1.9-acre site at the corner of S. Tryon St. and W. Morehead St. in Charlotte, N.C., with plans to build a 260-unit apartment project called Broadstone Queen City, the Charlotte Business Journal reported, citing Mecklenburg County real estate records.
* Whitestone REIT signed on Ace Hardware for 14,603 square feet at its Gilbert Tuscany Village Hard Corner property in Gilbert, Ariz., bringing the property's occupancy to 100%. Hornacek's Golf signed a lease for 18,315 square feet at The Promenade at Fulton Ranch, also in Arizona, for an initial term of five years. The total lease value of the two deals stands at about $2.2 million.
* Accounting firm BPM LLC signed a lease for 21,924 square feet at KBS Real Estate Investment Trust III Inc.'s 17-story, 309,255-square-foot Ten Almaden office building at 10 Almaden Blvd. in San Jose, Calif.
* WeWork Cos. signed a 100,000-square-foot lease at Walter & Samuels Inc.'s 16-story, 125,000-square-foot building at 214 W. 29th St. in Chelsea, N.Y., The Real Deal reported.
Additional coverage
Blackstone Real Estate Income Trust buys $321M of real estate post-Q1
CIM Group buys Denver towers for $189M
Land and Houses' US arm divests Calif. apartment for US$140M
HG Management sells Fla. apartment complex for $120M
Mandarin Oriental to cease management of Las Vegas hotel
