Business Specialties
South Lake’s Return: Vulcan’s Ada Healey Turns a Fading Urban District into a Vibrant Showcase
Under the decade-long leadership of Ada Healey, Vulcan Inc.’s vice president of real estate, South Lake Union is enjoying remarkable new life as a vibrant urban community and a hub for technology and biomedical research.
Berkshire Subsidiary Takes 263,600 SF
Carpeting and flooring manufacturer Shaw Industries Inc. will occupy the industrial space at Point West VI near Dallas under a long-term lease agreement.
Compaglia Joins Cassidy Turley as VP
Donna Compaglia will be based in the firm’s San Francisco office, specializing in representation of landlords and tenants in leasing commercial property.
JLL Inks 58,000 SF in San Diego Leases
The two deals were completed with biopharmaceutical firm Halozyme Therapeutics.
Kennedy Wilson Buys $143.5M Portfolio
The Los Angeles purchase adds 700,000 square feet to the company’s holdings, bringing the total assets under management to $9.8 billion.
George Smith Partners Adds Two Executives
The commercial real estate investment banking firm has tapped Bryan Shaffer as a senior vice president and Malcolm Davies as a vice president.
Manhattan Office Refinancings Continue with $750M Investment
Investors are attracted to the increasingly hot Manhattan office market and Invesco Real Estate is no exception. The company just acquired a stake in 230 Park Ave., the 1.4 million-square-foot tower formerly known as the Helmsley Building, in a $750 million recapitalization deal.
Strategic Recaps Fairmont Scottsdale
Per the agreement, a new joint venture has been created between the company and an affiliate of Walton Street Capital L.L.C., a private equity real estate investment firm.
Harrison Street Closes Fund with $2B at Hand
Harrison Street Real Estate Capital L.L.C. has wrapped up the final closing of Harrison Street Real Estate Partners III L.P., a private equity real estate fund focusing on the education, healthcare and storage sectors of the U.S. real estate market.
REITWeek Report: Brookfield Details 15 MSF Pipeline
Also in the works is an estimated $200 million to $300 million upgrade of the retail portion of the World Financial Center, Brookfield’s massive office and retail complex near the World Trade Center in Downtown Manhattan.