Business Specialties
Bouwinvest Acquires 300 High-End Rental Apartments in Iconic Amsterdam Tower
One of the largest Dutch investment managers specializing in real estate, Bouwinvest REIM, has bought 300 high-end rental apartments within the Pontsteiger tower in Amsterdam.
International: Intu Properties Pays Westfield $1.4B for 3 UK Retail Properties
Intu Properties has paid a total of $1.4 billion for three retail centers in the United Kingdom owned by the Westfield Group.
Vornado Completes $350M Refinancing of NYC’s 909 Third Ave.
Vornado Realty Trust has completed a $350 million refinancing of 909 Third Ave., a 33-story, 1.3 million-square-foot Midtown Manhattan office building.
Magid Glove & Safety Buys 703 KSF Industrial Building in Romeoville, Ill.
America’s leading manufacturer of hand protection and first aid, Magid Glove & Safety, has bought 1300 Naperville Drive, a 704,000-square-foot industrial building in Romeoville, Ill. for an undisclosed amount.
Avison Young Buys Commercial Texas, Opens Office in Austin
Avison Young offices continue to pop up across the country like flowers in springtime. The Toronto-based commercial real estate services firm just set up shop in Austin, with the acquisition of Commercial Texas and the opening of a new office.
JLL Secures $333M in Financing for Zurich North America’s HQ in Suburban Chicago
JLL has secured more than $333 million in financing for the new 11-story, 735,000-square-foot, Class A suburban Chicago headquarters of Zurich North America.
USAA Develops 705 KSF HQ for National Science Foundation in Alexandria, Va.
San Antonio-based USAA Real Estate Co. has acquired from the Hoffman Co. the Alexandria, Va., site where a new 704,571-square-foot headquarters will be built for the National Science Foundation.
International: W. P. Carey Finances Construction of Wartsila’s R&D, Training Complex in Netherlands
W. P. Carey will finance the construction of a two-building complex in the Netherlands for the global industrial company Wartsila.
LaSalle, Harvest Properties Buy 2 Office Towers in San Mateo, Calif. for $100M
LaSalle Investment Management and Harvest Properties have made their second Class A office purchase in the Bay Area with the acquisition of 1400 and 1450 Fashion Island Boulevard in San Mateo, from Fisher Investments. The amount paid for the properties was not disclosed but was reportedly about $100 million.
Minor Hotel Group Expands Mozambique Portfolio with Luxury Assets
Minor Hotel Group has added three hospitality projects in Mozambique to its holdings as part of its investment strategy targeting a portfolio increase of both global and Mozambican hospitality assets.