Keith Loria
KeyCorp Signs 15-Year Extension in Cleveland’s Key Tower
KeyCorp has extended its occupancy of approximately 487,000 square feet at the company’s namesake corporate headquarters at Key Tower in Cleveland.
Innovative Student Housing, Harrison Street Acquire Student Housing in Georgia
Innovative Student Housing and Harrison Street Real Estate Capital formed a JV to acquire College Station at Valdosta, a student housing property less than one mile from Valdosta State University in Valdosta, Ga.
Global Law Firm Renews Lease at Former Sears Tower
Dentons, the world’s seventh-largest law firm, has extended its lease in Chicago Willis Tower for 15 years. The global law firm is relocating within the building and taking as much as 144,000 square feet.
Atlanta Property Group Acquires 536 KSF Office Campus in Atlanta
Atlanta Property Group, a privately held real estate investment firm, has acquired Northcreek Office Park, a four-building Class A office campus located in Atlanta’s Buckhead/West Paces Ferry corridor, for $72 million from CBRE Global Investors.
AG-Metropolitan JV Sells BJ’s, LA Fitness Condo Units on Long Island for $66M
Entities controlled by The Hampshire Companies have purchased a BJ’s Wholesale Club and LA Fitness condominium units at Garden City Square in New York for nearly $66.3 million from AG-Metropolitan 711 Stewart Avenue, a joint venture of Metropolitan Realty Associates and Angelo, Gordon & Co.
Equus Sells 330-Unit Downtown Chicago Student Housing
Equus Capital Partners, a private equity real estate fund manager, has sold a 330-unit student housing facility in Chicago for $58.5 million to a JV of Atlas Real Estate Partners, Marc Real Residential and Angelo, Gordon and Co.
Fitch Predicts Ebb in M-F Demand
Fitch expects multi-family demand growth to ebb from current levels; however, it does not anticipate a material retreat.
Steadfast Acquires Two Apartment Properties for $61M
California-based real estate investment and development firm Steadfast Income REIT has acquired two apartment communities in separate transactions for an aggregate purchase price of approximately $61 million.
C&W, Pyramid Brokerage Team Up to Lease High-Tech Facility
Cushman & Wakefield has teamed with Pyramid Brokerage Co. to market 2600 Manitou Road, an 800,000-square-foot high-tech office, lab, and manufacturing facility in Gates, N.Y.
Vestar, UBS Global Pay $87M for LA Retail Center
Vestar, in a JV with a UBS Global Asset Management fund, has acquired Peninsula Center, a 300,000-square-foot retail center in Los Angeles County, from Principal Real Estate Investors for $87 million in an all-cash transaction.