Business Specialties
Bellwether Enterprise to Merge with Towle Financial Services
Bellwether Enterprise Real Estate Capital L.L.C. late last week announced its intention to merge with Towle Financial Services, a full-service mortgage banking firm with offices in Minneapolis and Detroit.
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.
Grosvenor Buys M-F Asset in Suburban Washington for $108M
Grosvenor Americas has purchased Avalon Fair Oaks, a 491-unit apartment community in Fairfax, Va., and will rebrand the property Wheelhouse of Fair Oaks.
Cassidy Turley Acquires Synergy Commercial Advisors
Cassidy Turley is bolstering its presence in the Research Triangle with the acquisition of a six-year-old tenant rep firm.
INTERNATIONAL: French Polynesian Government to Head $3B Resort Development in Tahiti
The French Polynesian government is leading a nearly $3 billion resort development in Tahiti that is expected to reignite tourism and revitalize the economy of French Polynesia.
Realty Mogul Crowdfunds 150 KSF Georgetown Plaza in DC
Realty Mogul crowdfunded a 150,000-square-foot Washington, D.C., office property on behalf of JOSS Realty Partners.
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.
P.B. Bell Snaps Up Phoenix M-F Assets for $170M
The P.B. Bell Cos. completed the biggest deal in the company’s history and one of the largest in the Phoenix area since the recession, snapping up seven apartment communities for $168.5 million.
KSG Grabs Hidrock’s SpringHill Suites New York for $82M
Malaysian company KSG Enterprises Ltd. is expanding its presence in the U.S. with the purchase of SpringHill Suites New York Midtown Manhattan/Fifth Avenue.
Parmenter Sells 846 KSF Dallas Office Complex
Eight years after acquiring Park Central 7-8-9 in Dallas, Parmenter Realty Partners has sold the 845,900-square-foot property to an institutional investor.