Business Specialties
Greystar Completes Half-Billion-Dollar M-F Portfolio Purchase
Greystar Real Estate Partners’ already substantial portfolio just got quite a bit bigger. The multi-family real estate company recently completed the acquisition of a 4,371-unit portfolio from Inland American Real Estate Trust in a deal valued at $460 million.
CBL Sells 3 Malls in the Southeast for $176M
CBL & Associates Properties has closed on the sale of a three-mall portfolio in the Southeast for a gross sale price of $176 million in cash.
USAA Buys 262 KSF Office Building in San Antonio
USAA Real Estate has acquired One Riverwalk Place, an 18-story, multi-tenant office building located in the central business district of San Antonio, from Winthrop Realty, an affiliate of Apollo Real Estate Advisors.
Pelli to Design M-U Building for Wall Street Church
Pelli Clarke Pelli Architects will design a 296,000-square-foot mixed-use development for Trinity Wall Street, the historic Episcopal parish in Lower Manhattan.
Grosvenor Americas Grabs 195-Unit M-F Property in Bay Area
Grosvenor Americas has just entered the apartment market in the California Bay area with the acquisition of Carlmont Woods Apartments in Belmont.
Carlyle, Townsend to Invest $200M in JV with Shanghai Yupei to Develop Warehouses in China
Citing the growth of the logistics sector in China, The Carlyle Group and The Townsend Group are investing $200 million in a strategic partnership with Shanghai Yupei Group that will funnel a total of $400 million to 17 projects and acquisitions in China’s main cities.
LifeEdited to Develop Micro-Apartment Project in Sao Paulo
A specialty consultant to architects and developers, LifeEdited Inc. plans to develop a new 18-story, 86-unit micro-apartment project in Sao Paulo, dubbed as VN Quata.
H&M Takes 63 KSF Flagship Spot at Re-Envisioned Herald Center in NYC
JEMB Realty’s long-held vision for Herald Center, its 250,000-square-foot office and retail property at the intersection of 34th Street and Broadway in Manhattan, is coming to fruition. The 10-story tower has landed fashion retailer H&M for occupancy of a prominent 63,000-square-foot wraparound retail space under a 25-year lease agreement.
Ivanhoé Cambridge Ends Phase II Redevelopment of Shopping Center in Metro Vancouver
Ivanhoé Cambridge completed Phase II of the redevelopment of its fully-owned Guildford Town Centre, located in Surrey, British Columbia, the fastest growing municipality in Metro Vancouver and Western Canada.
Time Equities Gets $398M to Start Manhattan High-Rise
Time Equities, of New York, has secured $288 million in construction financing for 50 West St., a 63-story residential condominium tower that will start construction in Lower Manhattan this fall.