Business Specialties
Leighton Develops 4th Office Tower at Kings Square in Perth, Australia
Leighton Properties has recently broken ground on its fourth office tower at the Kings Square precinct, a key component of the state government’s multibillion-dollar Perth City Link TOD.
Brookfield Sells 620 KSF Suburban Dallas Office Campus to GI
The one-year office flip is not as common as it was before the real estate market downturn but it still happens, and Brookfield Asset Management’s Brookfield Real Estate Opportunity Fund II recently completed just such an endeavor with the disposition of Regent Commons in Irving, Texas.
Tucker Secures $218M in Financing for Phase I of 1 MSF M-U Development in Fort Lee, NJ
A JV of Tucker Development, Ares Management and Kushner Real Estate has secured $218 million in financing for the initial phase of Hudson Lights, a 1 million-square-foot mixed-use redevelopment of an eight-acre site located at the base of the entrance to the George Washington Bridge in the heart of downtown Fort Lee, N.J.
HFF Arranges $114M Financing for Cousins’ 775 KSF Office Tower in Atlanta
When obtaining the billion dollars in cash for a recent office portfolio purchase, Cousins grabbed a little bit from here, a lot from there and additional funds from the $114 million financing of its 774,000-square-foot Promenade office building in Atlanta.
Orbach Buys 33-Building M-F Portfolio in Manhattan for $250M
In a two-part transaction, The Orbach Group has purchased a 33-building, 1,031-unit high-end multi-family portfolio on Manhattan’s Upper West Side for about $250 million.
Clarion Buys ‘Jewel Box’ Boston Building for $54M
One Liberty Square, a 13-story, 157,500-square-foot office building in Boston’s financial district, has been purchased for $54 million by Clarion Partners.
Hines Buys 2 More Logistics Facilities in Poland
Hines has acquired two logistics facilities in Poland, totaling seven warehouses comprising 753,200 square feet, via its Hines Russia & Poland Fund from TMW Pramerica Property Investment GmbH.
Washington Property Closes $75M Permanent Loan for M-F Asset in Suburban DC
Washington Property Co. has landed $75 million in permanent financing for Solaire-Metro, the CRE concern’s 295-unit luxury apartment community in the suburban Washington, D.C., city of Silver Spring, Md.
Macquarie REIT Acquires Double Retail Center in Mexico City for $153M
The Macquarie Mexican REIT has made a move into the Mexico City retail market with the purchase of two commercial properties in the capital’s metropolitan area for $153 million.