Barbra Murray
SenQuest Snaps Up 180-Unit Independent Living Community in Texas
SenQuest is planning to invest $100 million in acquisitions this year, and the company, the seniors housing division of Titan Real Estate Investment Group Inc., just shelled out some of those funds on the purchase of Waldenbrooke Estates in Bryan, Texas, approximately 90 miles south of Waco.
JRK Buys 714-Unit M-F Property in Tacoma for $65M
JRK Investors has snapped up Tacoma, Washington’s largest apartment property, the 714-unit The Westridges, in a transaction valued at $64.5 million.
Cousins to Buy 2-Property Office Portfolio for $1B
Cousins Properties Inc. just struck a deal that will alter its standing in the real estate community. The REIT has entered into an agreement to shell out $1.1 billion in cash for the acquisition of two premier Texas office assets totaling 5.5 million square feet from Crescent Real Estate Holdings.
Shanghai Greenland to Buy Stake in M-U Downtown LA Project, Invest $1B
China-based Shanghai Greenland Group will acquire an interest in Metropolis from CalSTRS and invest $1 billion in the project, which is entitled for nearly 1.7 million square feet of mixed-use development.
Parmenter Sells 214 KSF Suburban Atlanta Office Building
Eight years after acquiring Gwinnett Commerce Center, in Duluth, Ga., Parmenter Realty Partners has sold the 213,600-square-foot suburban Atlanta office building to a JV involving Biscayne Atlantic, Red Starr Investments and PointOne Holdings.
IndCor Awards Cassidy Turley 7 MSF Industrial Assignment
IndCor Properties has turned to Cassidy Turley once again to oversee one of its mega-size portfolios. IndCor recently tapped the firm to manage a group of industrial properties totaling 6.7 million square feet in Northern California.
400 KSF Long Island Office Portfolio Changes Hands
CenterSquare Investment Management Holdings, known as Urdang Capital Management until prior to July 1, and Ivy Realty have sold Crossroads Corporate Center and Crossroads Executive Center, two multi-building office parks on Long Island, N.Y.
TCC, Clarion Break Ground on 700 KSF Industrial Project in Lehigh Valley
Trammell Crow Co. and Clarion Partners are one big step closer to bringing 677,000 square feet of Class A industrial space to one of the top industrial markets in the country: Pennsylvania’s Lehigh Valley.
400-Unit M-F Asset in Hawaii Gets $59M in Financing
The Bascom Group and Morgan Stanley Real Estate Investing have landed approximately $59 million for the refinancing of Oasis at Waipahu, a 406-unit apartment property in Waipahu, on the island of Oahu, Hawaii.
Hines Commences 300 KSF Spec Office Project in Denver
Who’s afraid of speculative development? Not Hines. The real estate firm has just broken ground on 1601 Wewatta, a 300,000-square-foot office tower that will sprout up in Denver’s burgeoning lower downtown district.