Business Specialties
NorthStar to Buy 7,000-Room Hotel Portfolio from Inland American for $1.1B
NorthStar is buying a 7,000-room portfolio of upscale extended stay and select service hotels from Inland American Real Estate Trust.
INTERNATIONAL: Infosys, Skanska Sign Record-Breaking Office Lease in Poland
Infosys BPO Poland has taken 226,000 square feet of office space with Skanska in the largest office lease in Poland so far for 2014.
TIAA-CREF, TIAA Henderson Close Value-Add M-F Fund
TIAA-CREF and TIAA Henderson Real Estate closed their CASA fund with a $420 million price target in value-add workforce housing.
CBRE, Blanca Tapped to Lease Office, Retail at New 3 MSF TOD in Miami
CBRE and Blanca Commercial have signed on to lease the respective retail and office space at MiamiCentral, Miami’s first urban mixed-use transit-oriented development.
Akridge, Mitsui Fudosan Complete 170 KSF Office Project in Washington, D.C.
Akridge and Mitsui Fudosan America have just opened the doors of the new 1200 Seventeenth St., N.W.
EdR Acquires 900-Bed Student Housing Property Near ASU for $90M
The property first opened its doors to residents in August 2013, offering 279 units laden with the high-end amenities that are fast becoming a prerequisite among the student population.
INTERNATIONAL: Scandic Will Manage New Hotel in Oil-Industry City
Scandic announced it will manage the new Scandic Stavenger Congress Hotel, which is under development in downtown Stavenger, Norway.
Lionstone Snaps Up 650 KSF San Diego Tech Center
Lionstone Investments acquired the trophy property from Beacon Capital Partners, which paid $152.2 million for the asset in 2012.
Boston Properties Sells Interest in Office Buildings to Norges Bank for $1.5B
Norges Bank Investment Management, Norway’s sovereign wealth fund, continues picking up prime office assets in the United States.
Update: JCR Capital Obtains $105M for Middle-Market Fund
JCR Capital’s JCR Capital Commercial Real Estate Finance Fund III L.P. is targeting a total capitalization of $250 million for middle-market sponsors typically overlooked by institutional capital.