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Investcorp details $492M of US acquisitions; Finch Group to build resi tower

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Investcorp details $492M of US acquisitions; Finch Group to build resi tower

This feature rounds up recent commercial property news and highlights larger deal coverage already published.

* Investcorp Bank BSC's U.S.-based real estate arm purchased four rental apartment communities totaling 1,573 units in Atlanta, Chicago and Dallas and a student housing complex in Orlando, Fla., for roughly $286 million.

The company also purchased four industrial portfolios comprising more than 40 buildings and 2.7 million square feet in Phoenix; Minneapolis; Chicago; and Austin, Texas, for about $206 million.

* The Finch Group Inc. plans to build a $20 million project called Residences at Park Lane in Cleveland's University Circle, including the construction of an 11-story residential building with for-sale condominiums, the Crain's Cleveland Business reported, citing anonymous sources.

* A joint venture of Brickstar Capital and Solana Co. sold two, adjacent four-story hotels, including the 120-room SpringHill Suites Henderson at 1481 Paseo Verde Parkway and the 108-room TownePlace Suites Henderson at 1471 Paseo Verde Parkway in Henderson, Nev., for an undisclosed sum to an undisclosed buyer.

* Knotel Inc. agreed to lease 23,000 square feet across four floors at Isaac Chetrit and Sioni Group's 21-story office building at 989-991 6th Ave. in New York, The Real Deal reported.

Additional coverage

Blackstone buys Hilton-managed Calif. resort, golf course from Singapore's GIC

Report: HNA sells office tower in San Francisco to Northwood Investors

Post Brothers to take controlling stake in Philly complex in $130M deal

Report: A&E Real Estate to pay $118.5M for NYC multifamily portfolio

Mill Creek Residential sells Denver apartment asset for $93M