Business Specialties
1.2 MSF Suburban Boston Industrial Portfolio Picked Up for $90M
Exeter Realty Capital has just added 1.2 million square feet of Class A industrial space to its holdings.
Trump Launches International Realty Firm in NYC
The Donald’s announcement about the President of the United States was not the only piece of news the real estate tycoon and media master shelled out yesterday.
Hines, Boston Properties, Kilroy to Build Two Office Towers Near San Francisco’s Transit Center Project
Hines has formed a JV with Boston Properties for the development of a 1.4 million-square-foot high-rise and Kilroy Realty Corp. just announced that it will build a 400,000-square-foot tower.
Inland’s Newest Non-listed REIT Begins IPO
Non-listed Inland Real Estate Income Trust has begun selling $1.5 billion in common stock in connection with its initial public offering.
Sovereign Capital Acquires Congress Center in Chicago for $95M
Sovereign Capital Management Group, a San Diego-based real estate company, has purchased a Class A, 524,800-square-foot, 16-story office tower in downtown Chicago for $95 million.
Vornado Buys 25 Percent Interest in $475M Debt on Times Square Project
Vornado Realty has acquired a 25-percent participation in the $475 million first mortgage and mezzanine loan on the property at 701 Seventh Ave. in Manhattan.
Liberty Property to Build 164 KSF Industrial Facility in Houston
Liberty Property has chosen Cadence McShane to construct its Liberty 10 at Central Green, a new warehouse and distribution building in Houston, totaling 164,000 square feet.
Savanna, Monday Properties Sell 260 KSF 386 Park Ave. S.
Savanna and Monday Properties have sold a 20-story building in the heart of Midtown Manhattan for reportedly between $110 million and $113 million.
Normandy Real Estate JV Grabs 575 Lexington in Manhattan
The 743,200-square-foot Manhattan office tower at 575 Lexington Ave., which last changed hands in 2006 for $400 million, has come under new ownership.
Macerich to Pick Up Two Malls for $1.3B
The Macerich Co. has signed a deal to acquire two New York retail properties, the Green Acres Mall and the Kings Plaza Mall, from Vornado Realty Trust for a total of $1.25 billion.