Barbra Murray
NFR, Oaktree Buy 3 MSF Office Portfolio for $241M
It could take years to amass 3.4 million square feet of high-quality office space or it could happen overnight, as it did for National Financial Realty and Oaktree Capital Management.
FHFA Maps Out 2013 Plans for Future of Fannie, Freddie
Four-and-a-half years after the Federal Housing Finance Agency took over conservatorship of Fannie Mae and Freddie Mac, the roadmap for the revival of the troubled government-sponsored enterprises continues to evolve as the FHFA releases the 2013 Conservatorship Scorecard for the two entities.
Rouse Wraps Up $65M Refinancing of 900 KSF Suburban Tampa Mall
On the matter of loan maturities, Rouse Properties can check 2013 off its list.
Concord Hospitality to Construct 182-Room Cambria Suites in Nation’s Capital
Choice Hotels International has taken its Cambria Suites in Washington, D.C., project skyward, marking a big step in the $40 million development of the Silver Spring, Md.-based company’s first Cambria Suites property in its own backyard.
CT Realty, Xebec Buy 530 Acres for 9 MSF Dallas Industrial Complex
CT Realty Investors and Xebec Realty Partners have big plans in Dallas–big multimillion-square-foot plans.
Hill International Tapped to Manage Suburban Seattle Casino Expansion Project
An expansion is in the works for the Suquamish Clearwater Casino Resort in Clearwater, Wash., and Hill International has won the contract to provide construction management services for the project.
Midtown Manhattan Readies for 470 KSF Cutting-Edge Office Tower
The future is coming to Midtown Manhattan. A partnership comprising real estate company Hines, investment entity Pacolet Milliken Enterprises and institutional investors advised by J.P. Morgan Asset Management have broken ground on 7 Bryant Park, a premier office tower that will deliver 470,000 square feet of state-of-the-art office accommodations in the Bryant Park area.
CBRE Gets $1B in Financing for M-F Greystar, Goldman Portfolio Buy
How do you get your hands on a billion dollars? Greystar Real Estate Partners and Goldman, Sachs & Co. kicked off 2013 with the announcement of plans to snap up an 8,010-unit multi-family portfolio from Equity Residential for $1.5 billion, and now news emerges that CBRE Capital Markets’ Debt & Equity Finance group has helped the joint venture partners cull more than $1 billion to finance the acquisition.
Henry S. Miller’s Vance Miller Dies
Vance Miller, CEO of Henry S. Miller Brokerage, died Feb. 23 of cardiac arrest.
JLL Tapped to Market 143-Branch SunTrust Net Lease Portfolio
Inland American REIT wants to sell its 143-branch SunTrust Net Lease Portfolio, and the real estate company has selected Jones Lang LaSalle’s Capital Markets Group to find a buyer for the group of assets, which is valued at more than $275 million.