Business Specialties
INTERNATIONAL: IMMOFINANZ Breaks Ground on Office Development in Bucharest
IMMOFINANZ Group has started site work on the Metroffice, a new office development project in the heart of the Romanian capital.
Federal Partners Closes on 400 KSF Northern Virginia Office Complex
Federal Partners, a co-investment joint venture with Spaulding & Slye Investments and the California State Teachers Retirement System, has added 400,000 square feet of suburban Washington, D.C., office space to its portfolio with the acquisition of Liberty Center.
Broad Street Development JV Buys M-F Portfolio Throughout Manhattan
A joint venture between Broad Street Development and Crow Holdings has acquired a two-property residential portfolio located between Manhattan’s SoHo and NoHo neighborhoods for $178 million.
Senior Housing Properties to Purchase 38 Senior Living Communities
Senior Housing Properties Trust has agreed to buy 38 senior-living communities for $790 million from CNL Lifestyle Properties, including assumption of debt.
Skanska Trades M-U Property in Seattle
National development company Skanska USA has sold its first Seattle property, Stone34, to a joint-venture buyer Unico Properties and the Laird Norton Co. for $70 million.
Another Big One: Vornado Sells Manhattan’s 1740 Broadway for $605M
Manhattan continues to lead the pack as the town with the biggest big-ticket office transactions in the U.S., as the 600,000-square-foot building at 1740 Broadway fetches roughly $1,000 per square foot. Vornado Realty Trust was the seller.
Skanska to Build $101M Science Museum in Miami
Skanska USA will construct the $101 million Patricia & Phillip Frost Museum of Science, a 250,000-square-foot cultural anchor in Miami.
APF Takes Full Ownership of Building on Manhattan’s ‘Club Row’
APF Properties has taken 100 percent ownership of The Club Row Building at 28 W. 44th St., buying out the 80 percent equity stake previously held by its joint venture partner, Prudential Real Estate Investors.
CPA:18 – Global REIT Acquires Office Campus in Rotterdam
CPA:18 – Global, a non-traded REIT managed by W. P. Carey Inc., has acquired a two-building office campus in the Netherlands, in a sale-leaseback transaction with Royal Vopak, the world’s largest independent tank storage provider.
INTERNATIONAL: W.P. Carey Buys Build-to-Suit Distribution Facility in Poland
Global net-lease real estate investment trust W.P. Carey Inc. has acquired a new, 362,000-square-foot build-to-suit, light-industrial and distribution center in Opole, Poland.