Business Specialties
$95M Financing in Place for 465 KSF Office Portfolio Near Princeton, NJ
RXR Realty, with the assistance of HFF, has just landed the funds for the refinancing of a four-building group of office properties in West Windsor, N.J.
Wells Core REIT Acquires 584 KSF Office Center in Atlanta
Wells Core Office Income REIT has acquired a two-building office and data center in the Central Perimeter submarket of Atlanta from Rubenstein Partners for $119 million. It was Atlanta’s biggest lease of 2012.
Madison Capital JV Acquires NY Citibank Portfolio for $81M
Madison Capital, in a JV with an institutional owner, acquired a premier portfolio of five Citibank retail bank branches in the New York metropolitan area from FGP West Street for $81 million.
Ireland’s First DoubleTree by Hilton to Open in February
Hilton Worldwide will introduce the upscale DoubleTree by Hilton brand to Ireland with the launching of a new hotel in Dublin, one of Europe’s most popular tourist destinations.
Boston Capital Closes $150M Affordable Housing Fund
One year after its launch, Boston Capital’s $150 million Boston Capital Tax Credit Fund XXXVI has closed with a portfolio of 22 affordable housing properties accounting for an aggregate 2,471 residential units.
Tishman Speyer Snags 575 KSF Office Lease with French Government
Two French government agencies have signed a lease with Tishman Speyer for the entire 575,000-square-foot, 36-story Tour Esplanade office high-rise in the La Defense district just west of Paris.
Inland American Acquires Two Necessity-Based Shopping Centers for $95M
Inland American Real Estate Trust has purchased two necessity-based shopping centers in Oklahoma and Texas for a combined total of approximately $95 million.
Meridian Closes New Real Estate Fund with $160M in DC Real Estate
The Meridian Group has proven that even in an uncertain economy, a lot of money can still be made in commercial real estate.
Related Breaks Ground on $120M Downtown LA Project
Related California has broken ground on a $120 million, 19-story, 271-unit apartment building in downtown Los Angeles’ Grand Avenue Project.
Shorenstein Buys Exxon Mobil Building; Hilton Westchase Also Gets New Owners
The downtown Exxon Mobil building recently traded hands, with San Francisco-based Shorenstein Properties now being its new owner. Shorenstein purchased the property for Shorenstein Realty Investors Ten, L.P., a fund formed in 2010 with $1.23 billion in committed capital. Along with the sale, former owner Exxon Mobil Corporation also leased back the entire building into 2015, when it plans to relocate to its new 385-acre corporate campus currently under construction north of Houston.