Business Specialties
Hospitality Ventures Adds 42nd Hotel to Portfolio, Enters Multiple Strategic Partnerships
Hospitality Ventures Management Group has enhanced its portfolio with the addition of three hotels, and it’s laid the groundwork for future growth with two new strategic partnerships.
Marcus & Millichap Sells 8-Property Self-Storage Portfolio for $91M
An eight-property portfolio of Best Florida Storage locations in Broward County, Fla., totaling 854,800 rentable square feet has sold for $91 million, or $106 per square foot.
Keystone, Mack-Cali JV Buys Curtis Center in Philadelphia for $125M
In a joint venture, affiliates of Keystone Property Group and Mack-Cali Realty Corp. have bought Curtis Center, a Class A office and retail property nearby Independence Hall and Washington Square Park in Center City of Philadelphia.
Resource RE Opportunity REIT II Buys 152-Unit Apartment Community in Dallas
Four months after commencing its initial public offering of up to $1 billion in common stock, Resource Real Estate Opportunity REIT II Inc. has made its first acquisition: a 152-unit apartment property in the coveted Platinum Corridor neighborhood of Dallas.
TIAA-CREF Buys 132-Unit M-F Complex in Redwood City, Calif. for $83M
Township, a recently completed 132-unit luxury apartment complex in downtown Redwood City, Calif., has been sold to TIAA-CREF for $83 million.
Morgan-Olayan JV Snaps Up Mid-Atlantic M-F Portfolio
A joint venture between Morgan Properties and The Olayan Group has acquired a large multi-family portfolio in the Mid-Atlantic region. Berkshire Property Advisors sold the properties, most of them located in the Baltimore-Washington metropolitan area, for a total price of $309 million.
Silverstein Launches Sales Inside Tallest Downtown NY Condo Tower
Developer Silverstein Properties has launched the sales at 30 Park Place, Four Seasons Private Residences New York, Downtown, in the Tribeca part of Manhattan.
RXR Secures $200M in Acquisition Financing for 787 KSF Lower Manhattan Office Building
RXR Realty has secured $200 million in acquisition financing for 61 Broadway, a 786,975-square-foot office building in downtown Manhattan.
NYU Langone Buys Leasehold Interest in Manhattan’s 333 E. 38th St. Office Building for $145M
NYU Langone Medical Center has completed the acquisition of the leasehold interest in Manhattan’s 333 E. 38th St., the 476,200-square-foot office building where it occupies more than 170,000 square feet, from SL Green.
Greystar Buys Riverstone Residential Group
Years ago, Riverstone Residential Group wanted to buy its closest competitor, Greystar Real Estate Partners, but founder & CEO Bob Faith turned them down because he had a similar goal: build the best multi-family property management company on a national platform.