Business Specialties
USGBC’s LEED v4 Passes Ballot, to Launch in Fall
In another win for the environment, the U.S. Green Building Council has voted to adopt LEED v4, an improved update to the world’s most visible green building rating system.
Cole Boosts CCIT Portfolio With 3 Recent Acquisitions
Cole Real Estate Investments has boosted the portfolio of Cole Corporate Income Trust to 35 properties in 17 states with the recent acquisitions of three Class A office buildings in Texas and Massachusetts for $160 million.
ARCP to Absorb ARCT IV, Valued at $3B
Nicholas Schorsch continues building American Realty Capital Properties into a dominating player in the net-lease space with yesterday’s announcement that it is merging with American Realty Capital Trust IV Inc., a public non-traded REIT, in a stock and cash deal worth about $3 billion.
Starwood Reopens Historic Parisian Hotel
Starwood Hotels & Resorts Worldwide unveiled the restored Prince de Galles, a venue that is currently part of the Luxury Collection Hotels & Resorts brand.
ARC NYRR to Buy Office Building in Midtown Manhattan from SL Green for $220M
American Realty Capital New York Recovery REIT has agreed to acquire the office building at 333 W. 34th St. in Midtown Manhattan from SL Green Realty for $220 million, exclusive of closing costs.
Tech Firm Triples HQ with New Silicon Alley Lease in NYC
Midtown South continues to gain steam as Manhattan’s tech hub, and a new startup, PlaceIQ, just staked its claim to office space in the Silicon Alley neighborhood of the submarket with a new lease agreement.
Berkshire Acquires 280-Unit Community in Metro Denver Area
Berkshire Partners has acquired Alta Aspen Grove, a 280-unit luxury garden-style apartment community in Littleton, Colo., from Wood Partners.
Capri, Kennedy Wilson Buy LA Apartment-Marina for $225M
Capri Capital Partners and Kennedy Wilson have acquired the leasehold interest in Esprit, a 437-unit luxury multi-family project that includes a 227-slip marina, in the Marina del Rey area of Los Angeles.
CPE Announces the 2013 Distinguished Achievement Award Winners
CPE is proud to present the winners of the 2013 Distinguished Achievement Awards.
Tishman Speyer, China Vanke Break Ground on Luxury Condos in San Francisco
A JV between Tishman Speyer and China Vanke has begun construction on Lumina, a community of 655 luxury condominiums with retail and parking on the San Francisco waterfront.