Business Specialties
W.P. Carey Buys Corporate HQ Property in Norway for $114M
In its second acquisition in Norway this year, W.P. Carey Inc. has added the 275,600-square-foot headquarters of Total E&P Norge AS to its portfolio.
Meridian Finances 1412 Broadway Purchase
Meridian Capital Group L.L.C. provided $165 million in permanent and mezzanine financing for the purchase of 1412 Broadway in Manhattan.
Cantor Real Estate Acquires Ranieri Distressed Property Investment Firm
Cantor Real Estate L.P., a subsidiary of Cantor Fitzgerald L.P., has acquired RREP Recovery Partners Manager L.L.C. from Ranieri Real Estate Partners L.P.
Economy Watch: Mortgage Delinquencies, Seniors Housing Confidence, Initial Unemployment Claims
The delinquency rate for mortgage loans on one- to four-unit U.S. residential properties decreased and builder confidence in the single-family 55-and-up housing market rose at the end of the second quarter. Initial unemployment claims decreased last week.
HFF Secures $480M Construction Loan for 181 Fremont in San Francisco
HFF arranged $480 million in construction financing for 181 Fremont St., a 55-story, 684,000-square-foot Class A office and luxury condo tower in San Francisco’s South Financial District.
State Greenlights $115M Hotel at the University of Maryland
Now that the State of Maryland has given its approval, the University of Maryland will soon offer a four-star hotel at its campus in College Park, Md.
H&R Real Estate Investment Trust Acquires Winnipeg Center for $138.5M
H&R Real Estate Investment Trust has acquired Kildonan Place, a shopping center located in Winnipeg, for $138.5 million from a joint venture consisting of Ivanhoé Cambridge and Sears Canada.
INTERNATIONAL: Carlson Rezidor to Open Two New Hotels in Poland in 2016
Carlson Rezidor, one of the largest hotel companies in the world, is scheduled to open the Radisson Blu Resort, Świnoujscie and and the Radisson Blu Hotel & Residences, Zakopane in the fourth quarter of 2016.
INTERNATIONAL: Brookfield Multiplex to Deliver Twin Tower Apartment Project in London
Essential Living has selected global construction company Brookfield Multiplex to develop the iconic Helix twin tower residential complex on the edge of London’s Canary Wharf.
Forest City, Greenland USA Rename $4.9B Atlantic Yards
Greenland Forest City has just changed the name of the 22-acre mixed-use development to Pacific Park Brooklyn.