Business Specialties
Digital Realty Acquires 337 KSF, Six-Building Portfolio in Austin
Digital Realty Trust, already the world’s largest data center REIT, continues boosting its United States portfolio with the acquisition of a six-building holdings totaling 337,000 square feet in Austin, Texas.
KDC Plans 250 KSF Corporate Center at Research Campus in Kentucky
KDC wants to bring its state-of-the-art corporate campus prototype to Lexington, Ky., and the commercial real estate and investment firm is under contract with Sperry Van Ness Real Estate Advisors-Lexington to do just that.
CDT Buys Ocean Towers in Coney Island, Area Hit Hard by Sandy
Community Development Trust and Proto Property Services have teamed up on a $52 million project to buy and rehabilitate a 19-story, 380,000-square-foot apartment building in Coney Island, an area in Brooklyn hit hard by Hurricane Sandy.
Emaar Launches Sale of Dubai Luxury Residences
Global property developer Emaar Properties PJSC has begun the sale of its newest residential project, Burj Vista II.
Wolff Picks Up $200M M-F Portfolio in Las Vegas
The Wolff Co., of Scottsdale, Ariz., has acquired the 3,098-unit “Oasis Portfolio” of 14 apartment communities in metro Las Vegas.
Kimco, American Industries Sell Mexican Industrial Portfolio for $600M
The REIT and joint venture partner American Industries have entered into an agreement to sell their interests in an 11 million-square-foot portfolio of industrial properties in the country to Terrafina, a Mexican REIT advised by Prudential Real Estate Investors, for $600 million.
Franklin Street Properties Closes on Acquisition of 43-Story Office Tower in Denver CBD
Wakefield, Mass.-based Franklin Street Properties recently announced its acquisition of a 43-story office tower and a 9-story parking garage in the central business district of Denver, Colorado. The two properties were acquired by the real estate investment trust for a purchase price of $183 million. Continue reading →
Inland Teams With Dutch Pension Fund on $600M JV
IAGM Retail Fund I Member, a wholly owned subsidiary of Inland American Real Estate Trust Inc., has formed a new retail joint venture with PGGM Private Real Estate Fund, a $172 billion Dutch pension fund service provider.
Schorsch on Recent REIT Purchase: ‘CapLease Has Higher Leverage’
The Chairman & CEO of American Realty Capital Property chats with CPE about his company’s most recent REIT acquisition. Calling it a “transformative deal for both companies,” he announced Tuesday that ARCP plans to acquire CapLease Inc. for about $2.2 billion, including debt.
Tanjong Pagar Centre to Become Singapore’s Tallest Building in 2016
GuocoLand has unveiled plans to build the tallest structure in Singapore. At 951 feet, the proposed Tanjong Pagar Centre will also rise as the company’s first integrated mixed-use development in the city and region.