Barbra Murray
Pebblebrook Grabs Hotel Palomar San Francisco for $58M
Pebblebrook Hotel Trust has added a fourth San Francisco hotel to its portfolio with the acquisition of Hotel Palomar San Francisco.
Inland Diversified JV Buys Stake in 396 KSF Connecticut Retail Center
Inland Diversified Real Estate now owns a majority interest in The Crossing at Killingly Commons in Dayville Conn., having teamed up on the purchase of the 395,500-square-foot shopping center with Dayville Unit Investors L.L.C., an affiliate of the seller.
SL Green to Trade Minority Stake in 521 Fifth Office Building for $72M
The REIT signed an agreement to sell a 49.5 percent equity interest in the office property at 521 Fifth Ave. to Plaza Global Real Estate Partners for $72 million.
1.2 MSF Suburban Boston Industrial Portfolio Picked Up for $90M
Exeter Realty Capital has just added 1.2 million square feet of Class A industrial space to its holdings.
Hines, Boston Properties, Kilroy to Build Two Office Towers Near San Francisco’s Transit Center Project
Hines has formed a JV with Boston Properties for the development of a 1.4 million-square-foot high-rise and Kilroy Realty Corp. just announced that it will build a 400,000-square-foot tower.
Vornado Buys 25 Percent Interest in $475M Debt on Times Square Project
Vornado Realty has acquired a 25-percent participation in the $475 million first mortgage and mezzanine loan on the property at 701 Seventh Ave. in Manhattan.
Normandy Real Estate JV Grabs 575 Lexington in Manhattan
The 743,200-square-foot Manhattan office tower at 575 Lexington Ave., which last changed hands in 2006 for $400 million, has come under new ownership.
Macerich to Pick Up Two Malls for $1.3B
The Macerich Co. has signed a deal to acquire two New York retail properties, the Green Acres Mall and the Kings Plaza Mall, from Vornado Realty Trust for a total of $1.25 billion.
1.4 MSF National Industrial Portfolio Pulls in a Rumored $80M
The Columbia Portfolio, a nearly 1.4 million-square-foot group of industrial properties, has changed hands and the word on the street is that it fetched $80 million.
Xinyuan Buys Brooklyn Land, Plans $54.2M Condo
Beijing’s Xinyuan Real Estate, acting through its U.S. division, XIN Development Group International Inc., has made its entrée into the U.S. multi-family market with the $54.2 million acquisition of a development site in Brooklyn, N.Y.