Business Specialties
CWI Buys JV Stake in Fairmont Sonoma Mission Inn in $97M Deal
Carey Watermark Investors has purchased a 75 percent joint venture interest in the 226-room luxury resort from Fairmont Hotels & Resorts in a transaction valued at an aggregate $97 million.
Frothy Times, Smart Investing: Insights from Madison International Realty’s Ronald Dickerman
Madison International Realty founder & president Ronald Dickerman provides perspectives on the challenges of making prudent decisions in a deceptively frothy investment market. He discusses how the firm’s strategy–acquiring stakes in core assets by means of secondary-market transactions–recently led Madison International to a deal involving a high-quality property in Germany.
Google Unveils New London HQ in King’s Cross Redevelopment
Tech giant Google has marked the real estate market during the past years with high-profile leases and property acquisitions in cities like New York, London and Dublin, always putting its creative, alternative stamp on the office space it took over.
Griffin-American Expands Internationally with $448M Acquisition
Griffin-American Healthcare REIT II has made its first international acquisition, picking up a 44-facility portfolio of seniors housing and care facilities in the United Kingdom for approximately $448 million.
Gladstone Buys 320 KSF Class A Office Property in Austin
Gladstone Commercial Corp., a Virginia-based REIT, purchased 717 Parmer, a 320,000-square-foot, Class A office property from Karlin Real Estate.
Hines, CalPERS Take Stake in 2.2 MSF Russian Retail Asset
The Hines CalPERS Russia Long Term Hold Fund, a joint venture between real estate company Hines and pension fund CalPERS, has become the co-owner of a prime piece of retail in Moscow with the purchase of an interest in the Metropolis Shopping and Entertainment Mall from Morgan Stanley Real Estate Investing.
Kennedy Wilson Buys M-F Property in Dublin for $107M
International real estate investment and services firm Kennedy Wilson has purchased a 50 percent interest in a premier 420-unit multi-family asset located on the south bank of the River Liffey in Dublin.
NewMarket Corp. Sells 311 KSF Office Building in Richmond, Va., for $144M
The world headquarters of paper, packaging and specialty chemical manufacturer MeadWestvaco, a nine-story trophy office building in Richmond, has been purchased by Select Income REIT for $144 million, excluding transaction costs.
Woods Acquires 1.4 MSF Thanksgiving Tower in Dallas
A partnership led by Dallas-based Woods Capital Management acquired the Thanksgiving Tower, a 50-story office building, from Berkadia.
C&W Wins WTC Site-Wide Property Management Contract
Cushman & Wakefield just landed one of the most coveted real estate assignments in Manhattan, if not the entire country. The commercial real estate services firm has been selected by the Port Authority of New York and New Jersey to serve as site-wide property manager for the new World Trade Center site under a seven-year contract.