Business Specialties
Executive Spotlight: Dan Mullen, Bedrock Real Estate Services
Under the guidance of Dan Mullen, Bedrock Real Estate Services, Quicken Loans’ privately held commercial real estate organization, has built up quite a portfolio.
Brookfield Asset Management Acquires Silicon Valley Office Campus
Brookfield Asset Management has acquired Rio Robles Technology Park, a 460,000-square-foot, eight-building office/R&D portfolio located in the North San Jose submarket of the Silicon Valley.
Inland Buys Aston Waikiki Beach Hotel for $183M
Inland American Lodging Group made its first acquisition in Hawaii with the purchase of the 645-room Aston Waikiki Beach Hotel in Honolulu for $183 million.
Skanska Develops Medical Building in Connecticut for $149M
Skanska USA is building a new 645,800-square-foot medical specialty building on the Stamford Hospital campus in Stamford, Conn., at a cost of $149 million.
SL Green Buys Ivanhoe Cambridge’s Stake in NYC Citigroup HQ
SL Green Realty Corp. will acquire Ivanhoé Cambridge’s stake in 388-390 Greenwich St. in Manhattan’s TriBeCa, thus assuming full ownership of Citigroup Inc.’s 2.6 million-square-foot headquarters in New York.
KBS REIT III Acquires Salt Lake City Office Tower for $170M
KBS REIT III has acquired 222 Main, a Class A, LEED Gold office tower in the center of Salt Lake City’s CBD, for $170 million.
W. P. Carey Acquires Siemens HQ in Oslo for $90M
W. P. Carey’s non-traded REIT CPA:18 acquired a new 166,000-square-foot office building from developer Oslo Business Park AS for $90 million.
Donaldson Group-Angelo, Gordon JV Buys M-F Complex in DC’s Maryland Burbs for $110M
The Donaldson Group and Angelo, Gordon & Co. have acquired Cider Mill Apartments, an 864-unit garden-style apartment community in Montgomery Village, Md.
Brookfield Multiplex Develops $160M Residential Project in Melbourne
Brookfield Multiplex has completed the construction of the $161 million The Quays residential project in the NewQuay precinct of the Melbourne Docklands.
Keystone JV to Buy 2 MSF Office Portfolio for $231M from Mack-Cali
Keystone Property Group and Mack-Cali Realty have joined forces again, committing to the establishment of various joint ventures through which Keystone will acquire a 2.3 million-square-foot Tri-State office portfolio from Mack-Cali in a transaction valued at $231 million.