Business Specialties
Winthrop Sells 500 KSF Philly Office Property
Winthrop Realty Trust continues its liquidation program with the disposition of 1515 Market St., a 500,000-square-foot office property in in Philadelphia.
CT, Prudential JV to Develop 5 Industrial Buildings in Riverside, Calif.
A new $120 million joint venture between CT Realty and Prudential Real Estate Investors has made its first acquisition, of 13.1 acres of land in Riverside, Calif., where the JV plans to develop five industrial buildings.
Bentall Kennedy, MEPT Buy 359 KSF SF Office Tower
Bentall Kennedy, real estate advisor for the Multi-Employer Property Trust, has expanded the fund’s Bay Area holdings with the acquisition of 600 California St., a 20-story, Class A office tower in San Francisco.
CPE 100 Quarterly Sentiment Survey: Executives Eye 2016 as Peak Year; M-F Sector Still Rules
Almost half of the executives surveyed said that peak asset values and transaction volume across property types are still two years away. In the near term, most industry leaders expect stability rather than dramatic improvement.
Chambers Street Signs 159 KSF Office Lease at Jersey City’s 90 Hudson
Chambers Street Properties has signed new tenant Charles Komar & Sons to 159,141 square feet at 90 Hudson St., a 12-story office tower in Jersey City.
GIC Boosts U.S. Assets with $8B IndCor Industrial Portfolio from Blackstone
Blackstone decided to skip a planned IPO for IndCor Properties and sell the 117 million-square-foot industrial platform to GIC instead. Here’s why.
KBS Buys 296 KSF Office Tower in Dallas
KBS Capital Advisors has acquired 3811 Turtle Creek, a 296,000-square-foot Class AA office tower in Dallas, from MetLife Real Estate Investors.
Blackstone Sells IndCor Properties to GIC for $8B
In one of the largest industrial property transactions to date, Blackstone has agreed to sell IndCor Properties to GIC, Singapore’s sovereign wealth fund, for $8 billion.
INTERNATIONAL: Dubai Creek Harbour Selling Units in Second, Third Tower
Dubai Creek Harbour at The Lagoons has started selling more than 240 units in the second and third luxury residential towers in Dubai, Aby Dhabi and Doha, following the successful row of sales at the first tower.