Business Specialties
Beech Street Closes $55M in FHA Loans for Indiana Skilled Nursing Portfolio
Infinity Healthcare Management wanted to refinance an 808-bed portfolio of skilled nursing facilities in Indiana, and Beech Street Capital has made it happen with the closing of $55.3 million in FHA 232/223(a)(7) loans.
Hines Picks Up Vacant 175 KSF Office Building in Metro Phoenix
Hines has just increased its ownership footprint in metropolitan Phoenix with the acquisition of Kierland One, a 175,400-square-foot office building in Scottsdale.
British Co. Buys Office Building in Canberra, Australia for $152M
U.K.-based Brompton Asset Management has acquired the 15-story Industry House building in the Canberra commercial business district for $152 million. The transaction ranks as the largest deal of its kind in the capital city’s office market this year.
Starwood to Build New Hotel in Samsun, Turkey
Starwood Hotels & Resorts Worldwide has signed an agreement with Tanriverdi Mensucat Sanayii A.S. to open a new-build Sheraton hotel in Samsun, in late 2014.
Savanna Fund II REIT Sells Manhattan’s 5 Hanover Sq. for $104M
CIM Group has acquired 5 Hanover Square, a 25-story building in Manhattan’s Financial District, from Savanna Fund II REIT for $104 million.
MetLife Extends $235M in Financing for 974 KSF Houston Office Building
The real estate investments department of MetLife has closed a $235 million loan secured by BG Group Place, a 973,800-square-foot office high-rise in downtown Houston, for a partnership advised by Invesco Real Estate.
Chambers Street Grabs 227 KSF Office Campus in Suburban Dallas
Chambers Street Properties has added 226,900 square feet of premier office space to its metropolitan Dallas portfolio with the acquisition of Carpenter Corporate Center I and II in Irving, Texas.
Amstar Sells Aura Shopping Center in Novosibirsk, Russia, to RosEuro
Amstar sold one of the largest shopping centers in Russia, at four stories and 657,000 square feet, to RosEuro Development.
HCDA Approves Howard Hughes Corp.’s Project for 2 M-U Towers in Honolulu
Phase One of Ward Village, a massive mixed-use complex planned for 60 acres between downtown Honolulu and Waikiki, got a big boost this week when the Hawaii Community Development Authority approved two more towers to be built by the Howard Hughes Corp.