DDR Corp., Blackstone affiliate buy The Forum, Northpoint

BUYER: BRE DDR BR Forum FL LLC (executive vice president: David Weiss), New York City
SELLER: Cole MT Fort Myers FL LLC
PROPERTY: 9322 and 9360-9390 Dynasty Drive and 3230-3274 and 3330 Forum Blvd., Fort Myers
PRICE: $29.4 million
PREVIOUS PRICE: $34.25 million, July 2011

BUYER: BRE DDR BR Northpoint FL LLC (executive vice president: David Weiss), New York City
SELLER: Cole MT Northpoint (Cape Coral) FL LLC
PROPERTY: 1803, 1811-1847 and 1851 N.E. Pine Island Road, Cape Coral
PRICE: $10.5 million
PREVIOUS PRICE: $10 million, April 2011
LAW FIRM ON DEED: Proskauer Rose LLP, New York City

PLANS, DESCRIPTION: A joint venture of DDR Corp. and an affiliate of Blackstone Real Estate Partners VII purchased the 458,394-square-foot The Forum at Fort Myers and 119,709-square-foot Northpoint Shopping Center for a combined $39.9 million. The partnership paid $29.4 million for The Forum and $10.5 million for Northpoint.