Business Specialties
Prudential Parks $324M with Dutch Garage Operator
Prudential Mortgage Capital Co. has provided $324 million of financing to Q-Park, Europe’s second-largest parking company, secured against a portfolio of 13 parking structures, totaling about 8,900 spaces, in the Netherlands.
Deutsche Asset & Wealth Management Achieves LEED V4 Certification in DC Office Building
The 224,000-square-foot 1800 K St. office building, owned by Deutsche Asset & Wealth Management, managed by Transwestern, is the first building in the world to earn certification through the new, more stringent LEED v4 Operations and Maintenance: Existing Building rating system.
SkyRise Miami to be Tallest Florida Tower
Berkowitz Development Group Inc. has announced plans to erect SkyRise Miami, which would carry the title of the tallest building in Florida.
Aimco Breaks Ground on $190M M-F Project in Boston
Apartment giant Aimco broke ground late last week on One Canal Street, a $190 million, 12-story apartment building in Boston’s Bulfinch Triangle area.
Pillar Financial to Acquire Cohen Financial by Year-End
In a deal that’s expected to close by year’s end, longstanding real estate capital services firm Cohen Financial will become part of Pillar Financial, an affiliate of Guggenheim Partners, Guggenheim announced Friday.
Mesa West Closes Debt Fund with $752M
Mesa West Capital got more than it expected when it closed its Mesa West Real Estate Income Fund III L.P.—$102 million more, to be precise. The debt fund manager raised a total of $752 million in equity commitments, outdoing its target of $650 million.
TIAA-CREF, CNP Assurances Form $1.2B JV for German Retail Properties
TIAA-CREF and CNP Assurances have formed a joint venture to invest $1.2 billion in three retail properties in Germany.
Jones Day Consolidates Offices into Lower Manhattan
Jones Day is making a bet on Lower Manhattan. The global law firm signed a 20-year, 330,210-square-foot lease that consolidates three New York City locations onto floors 27 through 34 of Brookfield Place.
Greenbuild Special Report: Creating a Healthier Built Environment
A master speaker session and subsequent panel of physicians and industry exports tackled the issue of building healthy spaces at Greenbuild yesterday in Philadelphia.
Economy Watch: Negative Equity Nose Dives; Architecture Billings Slow
Negative residential equity dropped in the third quarter, a positive sign for the housing market, and initial unemployment claims fell last week. Less positively, the AIA’s Architecture Billings Index slowed its pace of growth last month.