Eight Must Reads for the CRE Industry (Feb. 16, 2021) CoStar made a surprise bid for CoreLogic, which had recently agreed to be acquired by two private equity firms, according to a report from Reuters. Millionacres looks at whether charter schools could be a viable replacement tenant at malls. These are among today’s must reads from around the commercial real estate industry.
CoStar counterbids $6.9 billion for real estate data group CoreLogic “Commercial property data vendor CoStar Group Inc said on Tuesday it has made a $6.9 billion all-stock offer to buy CoreLogic Inc, weeks after the real-estate data provider agreed to be acquired by two private equity firms.” (
Regatta Apartments in Northglenn, Colorado. Tarzana-based real estate investment firm Gelt Inc. announced has acquired Regatta Apartments, a 352-unit multifamily community in the Denver metro market for nearly $101 million.
Located at 10500 Irma Drive in Northglenn, Colorado, the garden-style Regatta gated community sits on 22.8 acres. It includes 22 two-story residential buildings and a clubhouse. The asset features a mix of one-, two- and three-bedroom units averaging 919 square feet. All units were recently renovated by the seller to include vinyl plank flooring, stainless steel appliances, quartz countertops, white cabinets and other upgrades.
With this purchase, Gelt has 2,600 units at seven apartment developments in the Denver market.