Business Specialties
Thor Equities Adds to Manhattan Footprint with $590M Deal for 530 Fifth Ave.
The sale price is $200 million more than Rockwood Capital, Jamestown, Murray Hill Properties and Crown Acquisitions paid when the building last traded in January 2012.
JV Formed for Half-Billion-Dollar Redevelopment of Chicago’s Old Post Office
It’s not mail that will be delivered from the Old Post Office in Chicago a few years from now. It will be office space, retail space and much more.
Zephyr Partners Plans $250M High-Rise Development on Full Block in Downtown San Diego
Zephyr Partners is planning a $250 million mixed-use development in one of the last remaining full blocks of available property in the city’s downtown.
Patrinely Group, CDC Houston and USAA Real Estate Team on 60-Acre Houston Mixed-Use
CityPlace will integrate more than four million square feet of Class A office space located above ground floor retail, luxury multi-family and a full-service hotel.
Starwood Retail to Buy 7 Taubman Malls for $1.4B
Starwood Capital’s two-year-old retail affiliate agrees to acquire properties in Virginia, South Carolina, Florida, Texas and Michigan.
LaSalle Hotel Properties Wraps $93M Sale of Hilton Alexandria Old Town
The Bethesda-based REIT, which announced the sale earlier this month, acquired the 246-key hotel in 2004 for $59 million.
HCL-MarqE Buys 352 KSF Retail Center in Houston
The new owners acquired the property, which is located on I-10 West, from a joint venture of Canyon Capital Realty Advisors L.L.C. and Fidelis Realty Partners.
NAREE Special Report: The Commercial Real Estate Rundown
The office and industrial sectors are looking strong in the near term thanks to an economy that is encouraging diversity via an expanding tenant base.
INTERNATIONAL: CPPIB, Hermes Forward-Purchase London’s South Bank Tower
Canada Pension Plan Investment Board and Hermes Real Estate have agreed to acquire part of London’s mixed-use South Bank Tower from a JV comprising Jadwa Investment and developer CIT Group.
TPG Capital JV Buys DTZ for $1.1B, Taps Brett White as Investor
A private equity consortium led by TPG Capital, PAG Asia Capital and the Ontario Teachers’ Pension Plan has agreed to buy global property services firm DTZ from UGL Ltd. of Australia for $1.1 billion.