Business Specialties
Tishman Speyer Grabs Iconic Chicago Tower
Global real estate owner, operator and developer Tishman Speyer now has 10 Chicago properties in its portfolio after closing on the acquisition of 190 South LaSalle, a Class A building in the city’s Central Loop, from CBRE Global Investors for a reported $211 million.
Behringer Harvard Buys 240-Unit Suburban Houston M-F Property
Behringer Harvard has expanded the portfolio of Behringer Harvard Opportunity REIT II Inc. with the acquisition of Parkside Apartments in Sugar Land, Texas, approximately 20 miles outside of Houston.
First Ritz-Carlton Hotel to Open in Tel Aviv
One of the largest luxury hotel groups is set to open its first Israeli location – The Ritz-Carlton Herzliya, in an upscale residential town north of Tel Aviv.
KTR Buys 543 KSF Industrial Project in Metro Dallas
An affiliate of KTR Capital Partners has closed on the acquisition of 600 109th St. in Arlington, Texas, a three-building, 543,000-square-foot project near State Highway 360 in the Lower Great Southwest submarket of Dallas.
Strategic Capital, Crest Asset Sell 636-Unit Dallas M-F Portfolio
Seven years after Strategic Capital Partners and Crest Asset Management acquired St. Andrews Apartments and Montclair Apartments, two multi-family communities totaling 636 residences in Dallas, the JV partners have sold the Class A assets to Pensam Capital.
$2B Urban Rejuvenation Project in London Under Development
The construction of One The Elephant, a 284-unit multibillion-dollar residential development designed by Squire and Partners, has finally kicked off in London.
1 + 3 Equals $2.3B Deal for Inland, ARC
Three REITs sponsored by AR Capital are the prospective buyers, for a total of nearly $2 billion, of a 16.5 million-square-foot portfolio of 294 largely net-leased retail, office and industrial properties to be sold by Inland American Real Estate Trust.
Godrej to Develop 2 Residential Projects in India
The real estate arm of the Godrej Group, Godrej Properties Ltd., of Mumbai, has entered into two new development agreements: to develop a 13.8-acre property in Gurgaon, and to increase the size of its project in Panvel.
Transwestern, Cornerstone Sell 350 KSF Houston Office Property
Five years after acquiring 21 contiguous acres of land for the planned two-tower Eldridge Oaks office development in Houston, Transwestern and Cornerstone Real Estate Advisors have sold the site, along with the 350,000-square-foot trophy tower they developed at the location in 2009.
Fairway Market to be Anchor Food Market at Hudson Yards
Fairway Market has become the latest company to lease space in the South Tower of the Hudson Yards project, taking nearly 46,000 square feet on the ground floor of the first office high-rise to be built in the 28-acre mixed-use development on Manhattan’s West Side.