Real Estate

H.I.G. buys two Madrid office buildings

H.I.G. Capital LLC said Sept. 19 that it acquired two office buildings totaling approximately 15,000 sqm in Madrid. Financial terms weren’t announced.

IHP and California West Communities form joint venture

IHP Capital Partners and California West Communities have formed a joint venture partnership to develop Skyhaus, a collection of 100 townhomes located in San Marcos, California. No financial terms were disclosed. Currently, the Skyhaus project is under construction.

Prudent buys North Carolina shopping mall

Prudent Growth Partners LLC has acquired Wake County, North Carolina-based Zebulon Crossings, a shopping mall. The purchase price was $6.4 million.

Bascom and Artemis buy Phoenix Townhomes

The Bascom Group LLC and Artemis Real Estate Partners have acquired Fresno, California-based Phoenix Townhomes, a 248-unit condominium-style apartment community. The purchase price was $35 million.

AREP and Rockwood acquire Arlington Plaza

American Real Estate Partners and Rockwood Capital LLC have acquired Washington, D.C. area-based Arlington Plaza, an office building. No financial terms were disclosed.

Biproxi picks up $10 mln seed in Greycroft-led round

San Diego-based Biproxi, an commercial real estate transaction platform, has raised $10 million in seed funding. Greycroft led the round with participation from other investors that included Newmark Knight Frank, RPM Ventures and the National Association of Realtors.

HREP acquires Orlando student tower and academic complex

Halstatt Real Estate Partners has acquired Orlando, Florida-based UnionWest at Creative Village, a student housing tower and academic complex. No financial terms were disclosed.

Blackstone in talks to buy Bellagio, MGM Grand Las Vegas casinos: Bloomberg

Blackstone is in advanced discussions to acquire and leaseback the Bellagio and MGM Grand Las Vegas casinos from MGM Resorts International, Bloomberg is reporting. MGM Resorts could receive up to $4 billion selling the Bellagio and nearly $3 billion from a sale of MGM Grand, the story said.

Greystar appoints Clarkson as managing director of development

Greystar has named John Clarkson as managing director of development. Previously, Clarkson worked at JPG Smith Properties where he was a senior vice president of real estate.

Blackstone to buy Dream Global Reit

Blackstone has agreed to buy Dream Global REIT in a deal valued at C$6.2 billion ($4.7 billion). Terms of the deal call for Dream Global unitholders to receive $16.79 a share. Dream Global, of Toronto, owns and operates a portfolio of office and industrial properties located in Western Europe with a focus on Germany and the Netherlands.