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Business

Being involved in medicine pays – and not just for the doctors. A Milwaukee-based real estate investment trust that focuses on health care properties has acquired a pair of medical office buildings in Orchard Park and Cheektowaga from a competitor, for $45 million. Physicians Realty Trust – known informally as "DocREIT" – paid $36 million through PMAK Cheektowaga LLC…

Business

A national real estate firm that specializes in retail properties has acquired three Sherwin-Williams Paint stores in the Town of Tonawanda, Amherst and West Seneca for nearly $4.5 million. Agree Realty Corp., a self-managed real estate investment trust based in Bloomfield Hills, Mich., paid $1.65 million to acquire the store at 2775 Sheridan Drive from the Cleveland-ba…

Buffalo

A Maryland-based real estate investment firm that specializes in multifamily apartment communities has taken over management of four Buffalo senior affordable-housing complexes. Capreit, which owns and manages more than $5 billion in assets nationwide, will take control of the communities, which are located within 4 miles of each other in the city, with a total of 373 a…

Buffalo

A prominent downtown Buffalo building that is home to several federal government offices is being acquired by a Washington, D.C.-based real estate investment trust as part of a much larger purchase of 14 properties nationwide. Easterly Government Properties Inc. agreed last month to pay $430 million to acquire 14 properties with 1.48 million square feet that are 94 perc…