Keith Loria
Investing in Commercial Real Estate: Truth or Trend
Is investing in commercial real estate a smart, long-term decision or a passing fad?
REI Investments Acquires Former GM Indianapolis Plant Property
REI Investments has acquired the former GM Indianapolis Stamping Plant property from RACER Trust. The City of Indianapolis has an option to acquire approximately 56 acres at the western edge of the property, which it is considering for construction of a consolidated city-county justice center.
Rockefeller Group Acquires 236 KSF Office Portfolio in Beverly Hills
Rockefeller Group Investment Management Corp. has acquired UTA Plaza and The Ice House, a premier 236,000-square-foot portfolio on Civic Center Drive in Beverly Hills, Calif., from Tishman Speyer.
New York REIT to Acquire Twitter HQs in Manhattan for $335M
New York REIT Inc. has entered into a purchase and sale agreement to acquire Twitter’s 282,000-square-foot East Coast headquarters in Manhattan for a reported $335 million from Savanna.
Normandy Taps Transwestern to Lease 352 KSF Office Park in NJ
Normandy Real Estate Partners has hired Transwestern to be its exclusive leasing agent for Park Place, a 30-acre premier corporate office complex in Florham Park, N.J.
Prudential JV Sells Residential Portfolio in Berlin for $105M
A joint venture between Prudential Real Estate Investors and Kauri CAB Management GmbH has sold a portfolio of 25 residential ‘Altbau’ buildings located within the S-Bahn ring of Berlin for $105 million.
Related Fund Management Grabs Fort Lauderdale Condo Hotel for $90M
An affiliate of Related Fund Management, headed by current Miami Dolphins owner Stephen Ross, has acquired the W Fort Lauderdale Hotel, a 346-key hotel in South Florida, from Capri Resorts, for $90 million.
MediaMath Signs 15-Year Lease in Downtown NYC
MediaMath has signed a 15-year, 106,000-square-foot lease at 4 World Trade Center, becoming the 72-floor tower’s first private-sector tenant.
ARC Affiliate Buys 154 KSF Office Building in Princeton, NJ, Area from Ivy
An affiliate of American Realty Capital has purchased 100 College Road West, a Class A office building in the Princeton submarket of Plainsboro, N.J., for $63 million from Ivy Realty.
Commercial Mortgage Capital Secures $94M Mortgage Loan for Norwalk Office Building
Commercial Mortgage Capital has closed a $94-million permanent loan for i.Park Norwalk, a 365,866-square-foot office building in Norwalk, Conn.