Barbra Murray
Fundraising for Direct Investments Reaches Record-Breaking $25B in 2013
Investors couldn’t get enough of non-listed REITs–and non-listed business development companies and other direct participation programs–in 2013, according to research released by The Investment Program Association and Robert A. Stanger & Co. Fundraising for these direct investments surpassed $25 billion last year.
Starwood Capital Buys 1 MSF San Diego Office Portfolio
Starwood Capital Group closed 2013 with a bang by acquiring a portfolio of 12 office properties in San Diego from Kilroy Realty Capital for $295 million.
Avison Young Acquires Atlanta-Based Eidson Group
Toronto-based Avison Young’s U.S. expansion program continues with no end in sight, as the company brings yet another real estate services firm into the fold with the acquisition of the Eidson Group in Atlanta.
Vestar Grabs 900 KSF Denver-Area Regional Retail Center for $124M
Vestar, which boasts a hearty retail portfolio spanning the Western United States, has just added metropolitan Denver to its footprint with the acquisition of the 914,000-square-foot Orchard Town Center in Westminster, Colo.
ASB Acquires 4 Retail Properties in Boston for $91M
ASB Real Estate Investments, acting on behalf of its $3.1 billion Allegiance Real Estate Fund, recently joined forces with real estate firm Blatteis & Schnur to plunk down $91.2 million in cash on the acquisition of a collection of four retail-office buildings totaling approximately 51,250 square feet in the ritzy Back Bay neighborhood of downtown Boston.
Rockpoint, Fisher Bros. Buy 50% Stake in 2 NYC Office Towers Totaling 3 MSF
Fisher Brothers now has a new partner in the ownership of 1345 Avenue of the Americas and 605 Third Ave., two Class A office high-rises totaling 2 million square feet in Midtown Manhattan.
Report: High-Action Quarter for Net Lease Market
2013 proved a busy year in the single-tenant net lease market, and the fourth quarter was no exception. As noted in The Boulder Group’s national net lease market report, the last three months of 2013 were anything but boring.
Related Beal Buys 4-Building Property in Boston from Fidelity Investments
Related Beal has bought the 343,000-square-foot The Block on Congress from Fidelity Investments in a sale-leaseback transaction that allows the new owner to make plans for the near future.
Chinese Developer to Spend $200M on 4.6-Acre Site in Downtown LA
The Los Angeles real estate investment community is abuzz with news of Oceanwide Real Estate Group’s pending acquisition of Fig Central, a 4.6-acre entitled development site located downtown, just across from Staples Center and the multibillion-dollar L.A. Live entertainment destination.