Business Specialties
Vornado to Offer $300M of Preferred Shares
Fitch Ratings gives Vornado’s stock issue a BB+ credit rating. The offering is scheduled to close this Wednesday.
Kennedy Wilson Buys Anaheim Office Building for $56M
The company bought the 273,000-square-foot asset in Anaheim, Calif. for $56 million–a significant discount to the $71.1 million price the property fetched in 2005.
Hyatt Plants More Flags in the Caribbean, India
A Hyatt affiliate will manage a 200-key hotel in St. Kitts as part of the $1 billion Christophe Harbour master-planned community.
Brookfield Asset Managment Buys Suburban Dallas Campus from Citigroup
Citigroup, which occupies two of three buildings in the 620,000-square-foot campus in Irving, Texas, will remain under a sale-leaseback deal.
Oracle Signs 200,000-SF Lease at Under-Construction Office Park in Romanian Capital
Technology giant Oracle Corp. recently committed to a 215,000-square foot, 10-year lease in a currently under-construction office complex in Bucharest, Romania.
Amsdell Acquires Five Self-Storage Centers; StyleCraft Signs 170K-Sq.-Ft. Lease
By Eliza Theiss, Associate Editor Cleveland-based Amsdell Storage Ventures VII LLC has purchased five self-storage centers in the Memphis metropolitan area for an undisclosed price. Two of the storage centers are located in Olive Branch, Miss. at 7097 Commerce Dr. and 7911 Hacks Cross Rd., while the other purchases are in Nesbit, Miss. at 2274 […]
Premier Miami Beach Retail Center Trades for $132M
A 167,000-square-foot retail property in Miami Beach, Fla., has sold for a cool $132 million just nine years after being acquired for $43 million by joint venture partners RFR Holding L.L.C. and Greenstreet Real Estate Partners L.P.
Griffin-American Completes $106.7M Acquisition of Medical Office Portfolio
American Healthcare Investors and Griffin Capital Corp., co-sponsors of the Griffin-American Healthcare REIT II Inc., paid $106.7 million for 14 medical office buildings in nine states.
DreamWorks to Design Theme Park for $3.7B N.J. Meadowlands Project
The DreamWorks indoor theme park will be a major attraction for American Dream at Meadowlands, the 7.5 million-square-foot project that Triple Five is developing in East Rutherford, N.J.
BOMA Special Report: The GSA’s Focus on Sustainability
The General Services Administration likes to push the envelope on sustainability, Stephen Monkewicz, senior realty specialist with its office of real estate acquisitions, noted in his presentation at BOMA International’s Every Building conference in Seattle.