Business Specialties
Bentall Kennedy Acquires Retail Center Portfolio from Canada Pension Plan Investment Board
On behalf of its Prime Canadian Property Fund, Bentall Kennedy has acquired a 100 percent freehold interest in three of Canada’s regional shopping centers.
Fundraising for Direct Investments Reaches Record-Breaking $25B in 2013
Investors couldn’t get enough of non-listed REITs–and non-listed business development companies and other direct participation programs–in 2013, according to research released by The Investment Program Association and Robert A. Stanger & Co. Fundraising for these direct investments surpassed $25 billion last year.
McCarthy Cook & Co. JV Buys 213 KSF Office Campus in San Diego
McCarthy Cook & Co. has teamed with AllianceBernstein U.S. Real Estate Partners on the acquisition of Canyon Plaza, a two-building, 213,000-square-foot office campus located in San Diego.
Invesco Buys 388 KSF San Francisco Office Tower from Hines
Invesco Real Estate has purchased the 24-story, 388,370-square-foot Class A office tower at 101 Second St. in San Francisco’s SoMa district from Hines.
Tishman Speyer Grabs 153 KSF DC Office Building
Tishman Speyer has bought is 2000 K St., N.W., an eight story, 153,212-square-foot corner office property located in Washington’s Central Business District.
Starwood Capital Buys 1 MSF San Diego Office Portfolio
Starwood Capital Group closed 2013 with a bang by acquiring a portfolio of 12 office properties in San Diego from Kilroy Realty Capital for $295 million.
Mount Vernon Co. Opens $125M M-F Residence in Boston
The Mount Vernon Co. has developed The Edge, a new 79-unit multi-family property designed by Prellwitz Chilinski Associates, as the latest addition to the six-building, 500-unit Allston Green District in Boston.
Shorenstein Acquires 717 KSF M-U Property in Boston
Shorenstein Properties has acquired Center Plaza, a 717,100-square-foot, transit-oriented mixed-use property in downtown Boston for a reported $307 million.
Avison Young Acquires Atlanta-Based Eidson Group
Toronto-based Avison Young’s U.S. expansion program continues with no end in sight, as the company brings yet another real estate services firm into the fold with the acquisition of the Eidson Group in Atlanta.
Wood Partners to Break Ground on 270 KSF Apartment Building in Tempe, Ariz.
Wood Partners is preparing to break ground on Alta Tempe, a 296-unit apartment complex at University Drive and Dorsey Lane in Tempe.