Business Specialties
AXA, Norwegian Wealth Fund Buy Two Buildings in Germany for $981M
AXA Real Estate Investment Managers and Norges Bank Investment Management have agreed to buy two buildings in Germany for a total of $981 million, from the Royal Bank of Scotland Group.
KS Partners Buys New Boston’s $65M Hartford-Area Office Portfolio
New Boston Fund Inc., of Boston, has sold to KS Partners, of Woburn, Mass., an eight-building office portfolio in suburban Hartford, Conn., for $65 million.
1.4 MSF National Industrial Portfolio Pulls in a Rumored $80M
The Columbia Portfolio, a nearly 1.4 million-square-foot group of industrial properties, has changed hands and the word on the street is that it fetched $80 million.
IREM Special Report: Leaders Focus on Technology, Training and Trends
Technology, training, and trends in real estate property categories topped the agenda during the opening session of the Institute of Real Estate Management’s opening general session in New Orleans on Thursday.
Xinyuan Buys Brooklyn Land, Plans $54.2M Condo
Beijing’s Xinyuan Real Estate, acting through its U.S. division, XIN Development Group International Inc., has made its entrée into the U.S. multi-family market with the $54.2 million acquisition of a development site in Brooklyn, N.Y.
Thor Equities Refinances Chicago’s Palmer House Hotel for $365M
Chicago’s historic Palmer House Hilton luxury hotel has been refinanced by owner Thor Equities to the tune of $365 million, it was announced Wednesday by Jones Lang LaSalle, which arranged the floating-rate financing package.
USAA Grabs 3 MSF Metro Atlanta Industrial Portfolio
USAA Real Estate has gotten its hands on a big piece of the Atlanta area’s industrial inventory–a 3 million-square-foot piece, acquired from Prologis.
JV Nabs $430M Times Square Gateway Development Site
Construction of the first mixed-use development in Times Square in 25 years can move ahead now that a joint venture of Maefield Development, Infinity Urban Century, The Witkoff Group and New Valley has completed the $430 million acquisition of the site.
LEI, Partners Launch Venture with Purchase of 191 KSF Office Tower in Thriving Denver Locale
Lowe Enterprises, The Guardian Life Insurance Company of America and a subsidiary of Allstate Insurance Co. introduced their new venture with the acquisition of Alamo Plaza.
ULI Special Report: JLL Bullish on Capital Availability
Equity capital is flowing into core, well-located Class A real estate assets, hindered to a large extent by transaction availability, according to Jones Lang LaSalle Capital Markets group findings being announced today during the Urban Land Institute Fall Meeting.