Business Specialties
Carroll Organization Buys 319-Unit Class A Property in Houston
Carroll Organization has acquired City Lake, a best-in-class 319-unit apartment complex in Houston that it has renamed ARIUM City Lake.
CBRE Expands Valuation Biz with Acquisition of IVI International
Let the consolidation games continue. Like all of the major commercial real estate services firms, CBRE Group Inc. continues to enhance its offerings through the procurement of smaller firms, and IVI International Inc. is the company’s latest acquisition.
GLP Co-Invests with GIC on $8B IndCor Purchase
Global Logistics Properties Ltd. is making a big move into the United States industrial market by taking a 55 percent stake in a deal with GIC to buy IndCor Properties from Blackstone for $8.1 billion.
Trammell Crow, Clarion Break Ground on Phase Three of Industrial Project in Arizona
Trammell Crow Co. and joint venture partner Clarion Partners have started construction on the third phase of Coldwater Depot Logistics Center, a 187,000-square-foot, Class A speculative industrial building in Avondale, Ariz.
INTERNATIONAL: Starwood Acquires Quattro Business Park in Poland
Global private investment company Starwood Capital Group has acquired the 500,000-square-foot Quattro Business Park in Krakow, Poland, on behalf of Starwood Distressed Opportunity Fund X.
KBS REIT III Grabs 310 KSF Silicon Valley Office Property
KBS Real Estate Investment Trust III has stepped into the Silicon Valley market with the acquisition of Ten Almaden, a Class A office property in downtown San Jose.
Greenfield Buys 390 KSF Office Tower in Downtown Tampa
Greenfield Partners has acquired Wells Fargo Center, a Class A landmark office building in Tampa, from a joint venture between Feldman Equities and Goldman Sachs.
Hudson Pacific Properties to Buy $3.5B Blackstone Office Portfolio
In a stock-and-cash transaction valued at $3.5 billion, Hudson Pacific Properties has agreed to acquire Equity Office Properties’ approximately 8.2 million-square-foot San Francisco Peninsula and Silicon Valley office portfolio from Blackstone Real Estate Partners V and VI.
DLC Buys 2.6 MSF Portfolio of 11 Retail Assets
DLC Management Corp. has acquired 11 retail assets, totaling 2.6 million square feet, located throughout New York, North Carolina, Arkansas and Tennessee.