Business Specialties
Thor Equities, Rockwood Capital Buy NYC’s Upper West Side Apartment Property
Acting through its new residential division, Thor Equities has joined forces with Rockwood Capital on the acquisition of 838 West End Ave., a 70-unit apartment property on Manhattan’s coveted Upper West Side.
NCC to Build 400-Unit Apartment Complex in Denmark
NCC Construction Denmark has received a $115.3 million construction contract to build an apartment complex in Aarhus, Denmark.
Senior Housing Properties Buys Vertex Pharmaceuticals Global HQ in Boston for $1.1B
In the biggest deal in Boston so far this year, Senior Housing Properties Trust has acquired the Vertex Pharmaceuticals headquarters on Fan Pier in the Seaport District from The Fallon Co. and an institutional investor for $1.1 billion.
Ever Greener
By Jacob Kriss Initially launched in the United States in 2000, the U.S. Green Building Council’s LEED green building rating system has seen rapid uptake. One of the preeminent reasons for LEED’s success was the leadership of the U.S. federal government. With more than 1,500 certified projects to date, the government has remained committed to green building and was an early leader in implementing it. In 2003, the U.S. General Services Administration mandated LEED certification, with a target of LEED Silver for all of its capital building projects. In 2010, it raised this requirement to LEED Gold for all new…
STRS Sells 529 KSF Office Property in Parsippany, NJ to Brookwood
STRS Ohio has sold Morris Corporate Center 1 & 2, a 529,362-foot trophy office property in Parsippany, NJ to Brookwood Financial Partners for $82 million.
Grubb Properties, Kalikow Begin Construction on 204-Unit M-F Property in Raleigh, NC
North Carolina real estate company Grubb Properties has begun construction of a six-story, 204-unit apartment community in Raleigh, N.C.
Microsoft Helps Boost Detroit’s Tech Neighborhood
Advancing Detroit’s reputation as a burgeoning technology cluster, Microsoft has committed to setting up shop at the M@dison Building, Rock Ventures’ five-story office building that serves as the anchor of the M@dison Block, the city’s high-tech entrepreneurial corridor.
HSBC-Led Group Lends $332M for Bal Harbour Luxury Residential Tower
Consultatio Real Estate has received a $332 million loan from a consortium of banks led by HSBC to develop Oceana Bal Harbour, a planned 240-unit luxury residential development in Miami’s Bal Harbour village.
Executive Spotlight: Jeff Hanson, American Healthcare Investors
When it comes to skin in the game, Jeff Hanson and his colleagues at American Healthcare Investors, the co-sponsors of Griffin-American Healthcare REIT II, are leaders of the pack.
KBS, Savanna Buy 110 William St. in Manhattan for $261M
Savanna and KBS Capital Advisors will make “comprehensive capital improvements” to 110 William St., the 32-story office building they have acquired from Swig Equities and the Dubai Investment Group.