Barbra Murray
JLL: MOBs Still a Hot Ticket Among Investors
Judging by recent research conducted by Jones Lang LaSalle’s Healthcare Capital Markets group, investors cannot get enough of the medical office building subsector of healthcare real estate.
Grosvenor Americas Grabs 195-Unit M-F Property in Bay Area
Grosvenor Americas has just entered the apartment market in the California Bay area with the acquisition of Carlmont Woods Apartments in Belmont.
H&M Takes 63 KSF Flagship Spot at Re-Envisioned Herald Center in NYC
JEMB Realty’s long-held vision for Herald Center, its 250,000-square-foot office and retail property at the intersection of 34th Street and Broadway in Manhattan, is coming to fruition. The 10-story tower has landed fashion retailer H&M for occupancy of a prominent 63,000-square-foot wraparound retail space under a 25-year lease agreement.
Beech Street Closes $55M in FHA Loans for Indiana Skilled Nursing Portfolio
Infinity Healthcare Management wanted to refinance an 808-bed portfolio of skilled nursing facilities in Indiana, and Beech Street Capital has made it happen with the closing of $55.3 million in FHA 232/223(a)(7) loans.
Hines Picks Up Vacant 175 KSF Office Building in Metro Phoenix
Hines has just increased its ownership footprint in metropolitan Phoenix with the acquisition of Kierland One, a 175,400-square-foot office building in Scottsdale.
BOMA: Most, Least Expensive Markets
The Building Owners and Managers Association International has culled numbers from the 2013 Experience Exchange Report to produce a list of the most and least expensive commercial real estate markets in the country. And no, New York City is not at the top.
Chambers Street Grabs 227 KSF Office Campus in Suburban Dallas
Chambers Street Properties has added 226,900 square feet of premier office space to its metropolitan Dallas portfolio with the acquisition of Carpenter Corporate Center I and II in Irving, Texas.
Created by Former AREA Property Execs, Mack Real Estate Group Debuts
There’s a new real estate company on the scene. The Mack Family, longtime players in the real estate world, have just officially launched Mack Real Estate Group, which will manage the family’s capital, in addition to institutional capital and high-net-worth capital, through independent and partnership investments in real estate.
Prometheus Gets $188M Mortgage for M-F Project in Silicon Valley
Prometheus Real Estate Group has secured a $188 million financing deal for Mansion Grove, a 1,000-unit apartment community in Santa Clara, Calif., in the heart of Silicon Valley.
GB Lodging, Provenance Hotels Grab 165-Room Ambassador Hotel in New Orleans
In their first transaction as partners, GB Lodging and Provenance Hotels have purchased the Ambassador Hotel in New Orleans, and together, the new owners will kick off an image-enhancing renovation of the 165-room lodging destination.