Business Specialties
Stockholm’s Kista Galleria Shopping Center Sells for $700M
Citycon Oyj, a subsidiary of Gazit-Globe Group, and the Canada Pension Plan Investment Board (CPPIB) have entered into definitive agreements to acquire the Kista Galleria shopping center in Stockholm from DNB Livsforsikring ASA.
Skanska Closes Land Purchase for 455 KSF Boston Office Project
Boston remains high on Skanska USA Commercial Development’s radar and the company has just made another move toward increasing its presence in the city.
Lynd, Endeavor Start 36-Story Apartment Tower in Austin
Lynd, of San Antonio, and Endeavor Real Estate Group, of Austin, have begun construction on The Bowie, a 36-story, 358-unit luxury apartment building in downtown Austin.
Turning Green: Chuck Leitner Presents Greenprint Research
ULI Greenprint Foundation Chairman Charles B. Leitner III talks about plans for research into better real estate efficiencies and sustainability measures as the organization signs on more members worldwide.
Friedland Properties Buys NYC’s 706 Madison Ave. for $142M
JLL represented BNY Mellon in the sale of 706 Madison Ave., a 19,100-square-foot, premier retail building that was sold to Friedland Properties for $142 million.
WNC Closes $124M Federal Low-Income Housing Tax Credit
WNC finishes out the year on a high note with the closing of a $124 million federal low-income housing tax credit fund that will be invested in 20 affordable housing projects across the United States and a Hawaii state tax credit fund of almost $5 million that will be used for a seniors housing project in Honolulu.
American Realty Capital Properties to Acquire ARCT III for $2B
American Realty Capital Properties Inc. and American Realty Capital Trust III Inc., two separate net-lease REITs that count investment advisory firm American Realty Capital as their original sponsor, will soon become one.
Savanna Completes Sale of Manhattan’s 104 West 40th St. for Reported $100M
Savanna, a New York-based real estate private equity and asset management firm, has completed the sale of 104 West 40th St., a 210,000-square-foot, 20-story Class A office building located next to Bryant Park in Midtown Manhattan, to Princeton International Properties.
Westcore Grabs 520 KSF Clorox HQ in Sale-Leaseback Deal
In a sale-leaseback transaction, Westcore Properties has acquired the headquarters building of The Clorox Co. in downtown Oakland, Calif.
Greenwich Group Outlines $1.5B Financing Strategy for DC’s The Wharf
Even with quite specific preferences regarding both the debt and the equity financing for The Wharf, in D.C., Greenwich Group International reportedly has numerous entities potentially interested in getting in on the $1.5 billion, 27-acre, 3.2 million-square-foot mixed-use riverfront development.