Business Specialties
Wood Breaks Ground on 133-Unit M-F Building in West Houston
Wood Partners has begun construction on Alta Westheimer, a luxury apartment building in Houston.
Arden Group Acquires 243 KSF Office Center, 258-Room Hotel in Dallas
Arden Group of Philadelphia made its first purchases in the Dallas area this week – the 258-room LeMeridien Galleria hotel and the Atrium at Office Center, a 10-story, 243,109-square-foot office building in Las Colinas, Texas.
400 KSF Long Island Office Portfolio Changes Hands
CenterSquare Investment Management Holdings, known as Urdang Capital Management until prior to July 1, and Ivy Realty have sold Crossroads Corporate Center and Crossroads Executive Center, two multi-building office parks on Long Island, N.Y.
Cerberus Grabs 2 Retail Property Portfolios in Germany
Affiliates of Cerberus Capital Management L.P. have entered into definitive agreements to purchase two German retail property portfolios out of receivership.
Compatriot Capital, JLB to Develop Katy Trail High-Rise in Dallas
Compatriot Capital, a subsidiary of Sammons Enterprises, and JLB Partners have begun construction on an 18-story, 299-unit luxury residential high-rise in the uptown area of Dallas.
TCC, Clarion Break Ground on 700 KSF Industrial Project in Lehigh Valley
Trammell Crow Co. and Clarion Partners are one big step closer to bringing 677,000 square feet of Class A industrial space to one of the top industrial markets in the country: Pennsylvania’s Lehigh Valley.
C&W Reps St. John’s University in Sale of 101 Murray St. in Lower Manhattan
St. John’s University “had their pick of offers” after it put its prime Lower Manhattan campus at 101 Murray St. up for sale and the result was a record-setting $223 million deal between the university and The Witkoff Group, Fisher Brothers and Vector Group.
400-Unit M-F Asset in Hawaii Gets $59M in Financing
The Bascom Group and Morgan Stanley Real Estate Investing have landed approximately $59 million for the refinancing of Oasis at Waipahu, a 406-unit apartment property in Waipahu, on the island of Oahu, Hawaii.
TUI in Next Phase to Build Resort in Tuscan Village
TUI is moving ahead in its plans to revitalize Castelfafli, a sizable 800-year-old village in the heart of Tuscany, lying between Florence, Pisa and Siena, and the largest project of its kind currently being built in Europe.
TriGate Capital Closes Fund Above Target, at $324M
TriGate Property Partners II L.P. has closed at $324.2 million, above its target raise of $300 million.