Acadia Realty Trust has reportedly signed a contract to acquire a 3,000-square-foot ground-floor retail co-op in New York City's Soho neighborhood for $50 million. In a separate transaction, the REIT recently partnered in the acquisition of Eden Square, a 235,508-square-foot retail center in Bear, Del.
Last week's initial public offering netted Truett-Hurst winery in Healdsburg, Calif., $14.1 million after the company had to pay $2.1 million of the $16.2 million raised for underwriting fees. Three-quarters of the winery's sales come from custom label wines for Safeway, Trader Joe's and Total Wine & More, but Truett-Hurst also sells its own labels, such as Healdsburg Ranches and Bradford Mountain.
USAA Real Estate's acquisition of an 80% interest in eight shopping centers owned by Jacksonville, Fla.-based Regency Centers included the $14.1 million purchase of the almost 90,000-square-foot Willa Springs Village in Orlando, Fla.