Business Specialties
HFF Secures $75M Financing for Realogy’s HQ in Madison, NJ
The Hampshire Cos., owner of the newly redeveloped office building at 175 Park Ave. in Madison, N.J., has obtained financing to the tune of $75 million for the fully leased, 270,000-square-foot property.
Tech Co. Buys 760 KSF Office Campus from Harvard
Athenahealth has acquired the historic 11-building, 760,000-square-foot Arsenal on the Charles office campus in Watertown, Mass., from Harvard University for $169 million.
Pan Pacific Opens $81M Extended-Stay Hotel in Singapore
The 180-key extended-stay luxury hotel is Pan Pacific’s fourth Singapore property.
Ares Management Acquires AREA Property Partners
In one of the industry’s biggest transactions of 2013, Ares Management has signed a definitive agreement to acquire AREA Property Partners, the top-level real estate management firm investing across North America, Europe and India.
American Campus Communities Breaks Ground at Princeton
American Campus Communities has begun construction on a 325-unit faculty and staff housing project at Princeton University, its second development at the New Jersey school but the REIT’s first that’s not for students.
Solar Projects Offer Bright Outlook in Romania
Upon completion, Conergy’s 2-megawatt solar park will become profitable thanks to a model that employs so-called green certificates and power purchase agreements, the company said.
Ares Management to Acquire AREA Property Partners
Ares Management has signed a definitive agreement to acquire AREA Property Partners. Ares Real Estate Group will now have $8 billion of committed capital and more than 70 investment professionals.
Trammel Crow, Principal Sign ConocoPhillips to 850 KSF Lease in Houston’s Energy Corridor
The energy company will be the sole occupant of a 550,000-square-foot office tower scheduled for completion in 2015 and will move into an additional 300,000 square feet at a companion building the following year.
Hines Sells 2 Manhattan Trophy Towers for $1B-Plus
American Realty Advisors won the competition for 499 Park Ave., and J.P. Morgan Asset Management has acquired 425 Lexington Ave.
Canyon Capital, Citi Launch $800M Workforce Housing Fund
The partners’ new investment vehicle will target the acquisition of workforce housing in underserved communities across the country.