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Pure Industrial Real Estate Trust (TSX: AAR.UN) (“PIRET), an unincorporated, open-ended investment trust headquartered in Vancouver, BC, struck a deal with Boston-based STAG Industrial Management (NYSE: STAG) to acquire six warehouse/distribution centers totaling nearly 1.6 million square feet across the Atlanta, GA and Charlotte, NC markets for $81 million ($106 million CAN), or approximately $52 per square foot ($68 CAN). The six properties are…

Atlanta-based Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC”) late last week acquired and has rezoned Galleria 75 in Atlanta where the firm can elect to develop a mixed-use project able to accommodate up to 600 units. Currently home to 110,000-square-foot office building, the seven-acre site at 3200 Cobb Galleria Pky. SE is located minutes from the I-75/I-285 interchange as well as Cumberland Mall and Cobb Galleria Centre in northwest…

Not to be outdone by MLB’s announcement last week of a 400,000-square-foot lease at 1271 Sixth, the National Basketball Association (NBA) has signed a 175,000-square-foot lease extension through 2035 at 645 Fifth Ave. in New York City. Olympic Tower is a 21-story, 419,000-square-foot, 4-Star office and residential tower built owned by Oxford Properties Group, the real es

Miami, FL-based Banyan Street Capital and Oaktree Capital Management out of Los Angeles have secured a landmark office tower in downtown Atlanta with the long-standing venture’s purchase of 191 Peachtree from Cousins Properties (NYSE: CUZ) for $268 million, or approximately $220 per square foot. Cousins paid $153 million back in 2006 for the 50-story, 1.2 million-square-foot 191 Peachtree tower, which delivered in 1991 at 191 Peachtree St. NE…

John Barton has joined HFF as a managing director in the firm’s Atlanta office. Working alongside managing director Ralph Smalley and associate director Kelly Kuykendall, Barton will work to expand HFF’s office investment sales practice throughout Atlanta and the Southeastern U.S. Barton joins HFF after having spent the last 16 years with Parkway Properties most recently as a senior vice president and managing director. During his time with Parkway…

Betting that rents and home prices will continue to rise, New York-based real-estate investment firm Pretium Partners LLC is raising $1 billion to fund its third push into buying single-family homes. In addition, last week the group also was a successful bidder on two non-performing home loan portfolios sold by Freddie Mac. SFR The new fundraising effort will be Pretium’s third single-family rental fund. The group has about $3.7 billion of…

Union Investment, an international investment company based in Hamburg, Germany, has selected Houston-based PM Realty Group (PMRG) to provide management services for the company’s recently acquired Ten 10th St. office property in Midtown Atlanta. Union Investment plans to extensively renovate the lobby and common areas of the 14-story, 421,417-square-foot, Class A building the company acquired this past August for $150.5 million. PMRG’s Bill…

Allergan, a global pharmaceutical company, has signed a 13-year, full-building lease totaling 431,495 square feet of class A office space at 5 Giralda Farms in Madison, NJ. Allergan will be closing their Parsippany, Bridgewater and Jersey City locations, consolidating more than 1,800 employees in a single location. The 5G building was constructed in 1992 and was previously occupied by Pfizer’s animal health subsidiary Zoetis, Inc. Lakestar…

Proposed rendering forMorgan Business Center.Click image to view larger.The Atlanta office of Duke Realty Corporation (NYSE: DRE) has executed a long-term lease for a 1,435,750-square-foot, build-to-suit distrib

Chartwell Holdings sold the 450-unit Landings at Oak Hill apartments at 4300 Flat Shoals Rd. in Union City, GA to Blue Rock Partners for $23.4 million, or approximately $52,000 per unit. The 469,522-square-foot multifamily community consists of one-, two- and three-bedroom units across 46 three-story buildings. On-site amenities include a fitness center, tennis courts, a swimming pool and on-site property management. Located in the South Fulton…