Business Specialties
Schorsch’s RCS Capital to Acquire Investors Capital Holdings
RCS Capital Corp. is expanding again, announcing two acquisitions within two days this week worth a reported $92 million – Investors Capital Holding Ltd. and Hatteras Funds Group.
Madison Buys 49% Interest in Downtown LA Office Tower
Madison International Realty has acquired a 49 percent ownership interest in One California Plaza, a 42-story trophy office tower in downtown Los Angeles, for $295 million.
GDS to Develop ‘Barely Visible’ Skyscraper in South Korea
GDS Architects got approved to build a skyscraper in Seoul, South Korea, that has been dubbed the Infinity Tower. Its design is said to create an optical illusion that makes the structure barely visible from certain angles.
FirstService Sells Field Asset Services to Assurant
Assurant has acquired 100 percent of the equity of FirstService Corp.’s Field Asset Services business. It will use the proceeds from the sale to increase its real estate business by investing in Colliers International, FirstService Residential and FirstService brands.
Brookfield Property Offers to Buy Brookfield Office for $5B
Brookfield Office Properties has established a special committee to review and consider the $5 billion acquisition offer made by its parent company, Brookfield Property Partners, which wants to combine its operations and create one of the largest global commercial real estate companies.
Two Projects Highlight Metro Kansas City Industrial Growth
The Kansas side of the Kansas City metro area is enjoying a surge of industrial activity, with the significant steps forward on two sizable projects.
Chambers Street Signs New Lease for 450 KSF near Charleston, SC
Chambers Street Properties has signed a 450,000-square-foot lease at Jedburg Commerce Park, a warehouse/distribution property in Summerville, S.C.
Clarion Secures $81M in Financing for Metro Atlanta Industrial Portfolio
Clarion Partners has just obtained $81 million in financing for a 3.1 million-square-foot industrial portfolio in metropolitan Atlanta.
Starwood Opens St. Regis Abu Dhabi, Features World’s Highest Hotel Suite
Abu Dhabi has welcomed its second St. Regis-branded hotel, courtesy of Starwood Hotels & Resorts, and the luxury hospitality project comes with a small perk–it features the world’s highest suspended hotel suite at 650 feet.
Greystar to Buy Portfolio of Student Housing Assets in UK
Greystar Real Estate Partners, in partnership with Goldman Sachs, has agreed to acquire a portfolio of U.K.-based student housing assets out of the bankruptcy administration proceedings for the Opal Property Group.