Business Specialties
Kennedy Wilson Boosts UK Portfolio with $101M Purchase
Kennedy Wilson’s European presence continues to grow at a fast clip with the recent acquisition of a 1.1 million-square-foot commercial real estate portfolio in the U.K.
Vulcan Sells Kilroy $170M, 321 KSF Office Property
Vulcan Real Estate and Group Health Cooperative have sold Westlake Terry, a two-building, 321,000-square-foot office property in Seattle’s South Lake Union submarket for about $170 million to Kilroy Realty Corp. of Los Angeles.
Parkway Properties Buys 264 KSF Tempe Office Tower for $66M
Parkway Properties has cemented its presence in the Tempe office market with the $66 million acquisition of Tempe Gateway, an eight-story, Class A multi-tenant office building.
Team Gemini Advances $300M Process Complex in Grove City
By Adrian Maties, Associate Editor Team Gemini plans to invest at least $312 million in industrial processing and research facilities near the Franklin County Sanitary Landfill in Grove City, Ohio. The Orlando-based sustainable project design and development company signed 99-year leases with the Solid Waste Authority of Central Ohio on Jan. 8 for two parcels […]
Hampshire Properties Sells 450 KSF LIC Office Building for $85M
A venture composed of affiliates of Madison Marquette and certain funds within the Perella Weinberg Partners’ Asset-Based Value strategy has purchased the Center Building, an eight-story, 450,000-square-foot office building in the Long Island City neighborhood of Queens, New York, for $85 million.
AIMCO Breaks Ground on $140M M-F Redevelopment in LA’s Trendy Venice Neighborhood
Lincoln Place, the largest garden-style apartment complex in the Los Angeles beach community of Venice, is about to get the facelift of a lifetime.
Avison Young Buys Houston-Based Mason Partners
Canada’s largest independently owned commercial real estate services company, Avison Young, continues to expand its offerings with the acquisition of Mason Partners, a Houston-based commercial real estate brokerage company, for an undisclosed amount.
$2B Century Plaza Project Wins Unanimous Vote of LA City Council
With the final approval of the Los Angeles City Council secured, Next Century Associates is moving forward with its $2 billion plan to redevelop the historic Hyatt Regency Century Plaza Hotel and build two 46-story residential towers as part of a 1.5 million-square-foot mixed-use project.
$95M Financing in Place for 465 KSF Office Portfolio Near Princeton, NJ
RXR Realty, with the assistance of HFF, has just landed the funds for the refinancing of a four-building group of office properties in West Windsor, N.J.
Wells Core REIT Acquires 584 KSF Office Center in Atlanta
Wells Core Office Income REIT has acquired a two-building office and data center in the Central Perimeter submarket of Atlanta from Rubenstein Partners for $119 million. It was Atlanta’s biggest lease of 2012.