Barbra Murray
Lowe JV Buys 2 Class A Office Buildings in Phoenix for $51M
Frequent partners Lowe Enterprises and J.P. Morgan Asset Management have joined forces on the acquisition of a two-building, 327,300-square-foot office portfolio in metropolitan Phoenix. The partnership acquired the Class A office properties from CJK Investments for an aggregate $51 million.
NorthStar Closes $345M Manufactured Housing Portfolio
NorthStar Realty Finance Corp. continues to build up the manufactured housing segment of its holdings by leaps and bounds with the recent $345 million closing of a $400 million portfolio of 16 communities.
Carey Watermark Investors Buys Renaissance Chicago Downtown for $139M
Carey Watermark lodging REIT picked up the 553-guestroom Renaissance Chicago Downtown Hotel from the Royal Bank of Scotland Group for $139 million, marking downtown Chicago’s largest hotel trade this year.
Ramco-Gershenson Buys 461 KSF Shopping Center in Cincinnati Suburb
Ramco-Gershenson Properties has just surpassed the half-billion-dollar mark in its annual acquisitions with the purchase of Deerfield Towne Center, a 461,000-square-foot shopping center in the suburban Cincinnati suburb of Mason, Ohio.
Realty Income to Buy Half-Billion-Dollar Net-Lease Portfolio from Inland Diversified
Realty Income Corp. is closing the year with a bang. The company has entered into a definitive agreement to acquire an 84-property portfolio of single-tenant net-leased retail and industrial real estate assets from Inland Diversified Real Estate Trust.
C&W Taps Forst for CEO Position
Job filled. Cushman & Wakefield has just tapped Edward Forst, onetime global co-head of Goldman, Sachs & Co.’s Investment Management Division, to serve as the new president & CEO of the global commercial real estate services firm.
CWCapital Sells 300 KSF Miami Office Property to Related for $104M
Four years after taking on the role of special servicer for a loan secured by the 302,300-square-foot office property at 444 Brickell in Miami, CWCapital Asset Management has sold the asset to Related Group for $104 million.
Rouse Properties Takes 2 Malls Totaling 2 MSF for $293M
With the stroke of a pen, Rouse Properties adds roughly 2 million square feet to its portfolio through the acquisition of Chesterfield Towne Center in Richmond, Va., and The Centre at Salisbury in Salisbury, Md.
Enterprise Launches $144M One-Stop Shop Affordable Housing Fund
Enterprise Community Investment just made investing in affordable housing development simpler with the introduction of the Enterprise Housing Partners 24 Fund.
SL Green Signs 266 KSF Lease with MTA in Manhattan
With a new lease in place at Midtown Manhattan’s Graybar Building at 420 Lexington Ave., Metro-North Commuter Railroad Co. will continue to call the 1.2 million-square-foot skyscraper home, but it will be a much bigger home.