Business Specialties
Cielo Buys 243 KSF Texas Office Tower
Cielo Realty Partners has purchased Neuhaus Tower, a 17-story, 243,000-square-foot office tower in McAllen, Texas, from an affiliate of Brookfield Asset Management for an undisclosed amount.
Allegiance Sells 202 KSF, Two-Building Atlanta Office Park to Cornerstone
Allegiance Realty has sold the 202,000-square-foot The Park at Windward Concourse in Alpharetta, Ga., three years after buying it. Allegiance and Cornerstone Real Estate Advisers, the buyer of the Class A, suburban Atlanta property, are keeping mum on the dollar signs involved in the off-market transaction.
British Land to Buy Paddington Central in London’s West End for $708M
European real estate investment trust British Land is investing around $708 million to buy into Paddington Central, a 1.2 million-square-foot, office-anchored mixed-use development in London’s West End.
Meridian Arranges $155M in Financing for Purchase of Manhattan M-F Property
Meridian Capital Group negotiated $155 million in acquisition financing on behalf of Cammeby’s International for the purchase of the Monterey multi-family property on Manhattan’s Upper East Side.
Behringer, Wood Partners Kick Off $191M Suburban Boston M-F Project
Behringer Harvard and Wood Partners have commenced construction of 22 Water St., a luxury apartment community in Cambridge, Mass., just outside of downtown Boston.
Silverman Buys Third NJ Office, Rebrands Trio as Corporate Campus
Call it the opportunistic office park. Having just purchased the 133,000-square-foot office building at 106 Allen Road in Basking Ridge, N.J., The Silverman Group will now rebrand that building, and two adjacent ones it bought in the last few years, into The Offices at Liberty Corner, a 525,000-square-foot Class A corporate campus.
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.