Barbra Murray
Skanska Closes Land Purchase for 455 KSF Boston Office Project
Boston remains high on Skanska USA Commercial Development’s radar and the company has just made another move toward increasing its presence in the city.
Hong Kong, NYC Close Q3 as Priciest Retail Markets
Hong Kong and New York City kicked off 2012 at the top of the list of the world’s most expensive retail markets. Barring any major developments, it appears the globally-coveted shopping metropolises are going to end the year without a threat to their respective first- and second-place positions, judging by CBRE Group Inc.’s third-quarter MarketView research report.
American Realty Capital Properties to Acquire ARCT III for $2B
American Realty Capital Properties Inc. and American Realty Capital Trust III Inc., two separate net-lease REITs that count investment advisory firm American Realty Capital as their original sponsor, will soon become one.
Westcore Grabs 520 KSF Clorox HQ in Sale-Leaseback Deal
In a sale-leaseback transaction, Westcore Properties has acquired the headquarters building of The Clorox Co. in downtown Oakland, Calif.
Manhattan’s Thriving On The Ave Hotel Lands $80M in Refinancing
The 282-room On The Ave Hotel in Manhattan has been refinanced to the tune of $80 million.
KBS Strategic Expands Houston Portfolio
If KBS Strategic Opportunity REIT’s actions within the last week indicate anything, it’s that the real estate investment concern is keen on Houston.
Bainbridge, Swiss Firm Team on 574-Unit M-F Property Purchase in Suburban DC
The metropolitan Washington, D.C., apartment market has the kind of fundamentals that attract investors from all over, so it’s no surprise that affiliates of Bainbridge Companies found a partner in Switzerland’s Partners Group for the acquisition of the 574-unit Aventine of Alexandria in Alexandria, Va.
USAA, SJP Break Ground on 500 KSF NJ Waterfront Office Tower
It was no lazy Monday for SJP Properties and USAA Real Estate Co. yesterday. Along the Hudson River in Hoboken, N.J., the partners broke ground on Waterfront Corporate Center III, a 14-story mixed-use office tower that will yield 500,000 square feet of state-of-the-art space, 200,000 square feet of which have already been claimed.
Vornado Closes $707M Manhattan Retail Condo Purchase
The Manhattan retail market is on fire and Vornado just grabbed a coveted 114,000-square-foot piece of it.
KBS Buys 400 KSF Houston Office Tower for $69M
The thriving economy in Houston is attracting real estate investors like bees to honey and KBS Strategic Opportunity REIT Inc. is among the latest to claim a piece of the office market.