Business Specialties
Local Investors Purchase 190 KSF Building in Dallas’ Historic West End
A group of local investors headed by Slingshot Advertising CEO Owen Hannay has acquired 501 Elm Place, an approximately 190,000-square-foot landmark building in the heart of Dallas’ West End District, from a German investor group represented by International Capital.
Blue Rock Grabs $66M M-F Portfolio in Fla.
Blue Rock Partners in a JV with Konover South continues to boost its multi-family holdings with the acquisition of a three-community portfolio consisting of 1,218 units in Florida for $66 million.
$78M Refinancing Deal Secured for M-U West Hollywood Property
For the refinancing of the right properties in the right locations, lenders made loans left and right this year, and The Sunset in West Hollywood, Calif., is among the assets to benefit from the favorable financing opportunities.
Laurus Acquires Two Hilton Airport Hotels in One Week
Laurus Corp., a private real estate investment and development firm, has acquired the Hilton Kansas City Airport hotel in Kansas City, Mo., its fifth hotel this year and the second in less than a week. A few days earlier, the company had closed on the Hilton San Antonio Airport Hotel in San Antonio.
Steelbridge Capital, Apollo Global JV Buys Miami Office Tower
In a JV, Steelbridge Capital and a real estate investment fund managed and advised by affiliates of Apollo Global Real Estate Management have acquired Concorde Centre II, the largest office purchase in Aventura, Fla. this year.
Starhill Closes on Australian Hotel Portfolio Purchase for A$415M
Starhill, a listed Malaysian REIT, has closed on an A$415 million acquisition of three premier Australian hotel properties: Sydney Harbour Marriott Hotel, Brisbane Marriott Hotel and Melbourne Marriott Hotel.
Clarion Buys 408 KSF Office Portfolio in Boston’s Blossoming Seaport District for $129M
It’s been a busy couple of quarters for office transactions in Boston’s Seaport District and the change in ownership of the 408,000-square-foot Fort Point portfolio is among the latest.
MGM Resorts Sells 427 Condo Units at CityCenter Las Vegas for $119M
The bulk condo purchase of 427 residences at Veer Towers in Las Vegas’ CityCenter project shows Vegas’ recovery – though not quite yet.
South African Developer Secures Financing for Retail, Residential projects in Pretoria
Nedbank Corporate Property Finance, a Durban-based financial organization, has reportedly provided a Pretoria developer with crucial financing that will be used in the development of two properties.
Kaufman Coughs Up $56M for 120 KSF Office Building in Manhattan’s Midtown South
In Manhattan’s thriving Midtown South submarket, the office property at 27–35 West 24th St. has just come under new ownership.