Corporate Real Estate
CIM Group Buys Manhattan’s Martha Washington Hotel
CIM Group recently acquired the 256-room Martha Washington Hotel in Manhattan with plans of transforming the property and rebranding it as The Redbury.
Iconic Chicago Riverfront Office Tower Sells for $320M
PNC Realty Investors has purchased the 36-story office building at 333 W. Wacker Drive in Chicago for $320.5 million.
$200M Military Housing Portfolio on the Move
Hunt Cos. has signed a definitive purchase agreement to acquire the entire portfolio of military housing assets from Forest City Enterprises, totaling nearly 15,000 units.
Northern Virginia Industrial Portfolio Changes Hands
MRP Realty and institutional investors have acquired Northern Virginia Industrial Park, a 15-building, 813,725-square-foot portfolio in Lorton, Va.
Hillwood Buys Two Distribution Buildings in Atlanta
Hillwood Investment Properties’ U.S. Industrial Fund II has acquired Westridge Logistics Center, a two-building, 320,000-square-foot Class A distribution park.
China Life Among GLP’s Partners on $4.55B Logistics Portfolio
Singapore-based GLP partnered with three leading global investors, including China Life Insurance Co., to complete the $4.55 billion acquisition of a U.S. logistics portfolio.
Former NY Times HQ Commands $296M
Kushner Companies has acquired 250,000 square feet of retail condo space in 229 West 43rd St.
MEPT, PHK Development Plan Portland-Area Mixed-Use Project
Multi-Employer Property Trust has formed a joint venture with PHK Development Inc. and will build a mixed-use multi-family project in Lake Oswego, Ore.
JV to Invest $1B in U.S.-Based Real Estate Assets
SunCap Property Group and Blumberg Investment Partners have teamed on a joint venture with Ping An Insurance Group of China.
Africa Israel USA Reaps Retail Condo Rewards
Four years after selling the commercial portion of Manhattan’s 767,000-square-foot Times Square Building to Blackstone, Africa Israel USA has completed the disposition of the tower’s 250,000-square-foot retail condominium.