Corporate Real Estate
DivcoWest Takes 261 KSF Silicon Valley Office Complex for $71M
In a 261,059-square-foot transaction, DivcoWest acquired the Caribbean Corporate Center, a portfolio of four, 100-percent leased office buildings in the Silicon Valley area for a reported $71 million.
Brookfield Refis Five Multi-Family Properties for $400M
In a deal arranged and closed by HFF, Brookfield Real Estate Financial Partners has secured a $400 million, seven-year, floating-rate refinance loan from M&T Realty Capital Corp. for a 2,600-unit multi-housing portfolio.
Vornado Refis NYC's 100 W. 33rd for $325M
Vornado Realty Trust’s flurry of activity in Manhattan continues as the REIT wraps up the refinancing of 100 West 33rd St., a mixed-use office property encompassing 1.1 million square feet. The transaction marks the completion of Vornado’s third Manhattan refinancing deal this year.
Simon Property Group Goes on $3.5B Spending Spree
Simon Property Group, the largest real estate company in the United States, went on a $3.5 billion shopping spree Thursday by acquiring a $2 billion stake in Klepierre, a major European retail and office player, and by buying out its joint-venture partner in The Mills U.S. shopping-center properties for $1.5 million.
Colliers Signs Chicago’s Largest Industrial Lease of 2012
Clarion Partners, working through Colliers International’s industrial advisory group, has signed a 492,866-square-foot lease with tenant Wilton Industries, marking the largest industrial lease in the Chicagoland area this year.
BioMed Realty Trust Signs Biotech Firm to 220 KSF Lease in San Francisco
BioMed Realty Trust Inc. is not naming names, but the REIT just landed a big fish at its 1.4 million-square-foot Pacific Research Center in Newark, Calif. A private biotech company has signed a long-term lease for 220,000 square feet at the sprawling campus in San Francisco’s East Bay submarket.
Inland Real Estate Picks Up Two Ohio Shopping Centers for $109M
In two separate transactions, Inland Real Estate Corp. has spent an aggregate $109.4 million on Ohio shopping centers. The first deal, closed on the last day of February, saw the company pick up the Cincinnati-area Stone Creek Towne Center for $36 million, and earlier this week, Inland spent $73.4 million on Westgate Shopping Center in Fairview Park, near Cleveland.
Related Aims to Become Brazil’s Biggest Developer, Plans $1B Investment
Related Group and Related Cos. have officially launched Related Brasil, naming Daniel Citron — former head of Tishman Speyer in Brazil — as CEO. The firm plans to invest $1 billion in residential and commercial real estate.
Avison Young Opens Bethesda, Reno Offices
Avison Young, the largest independently owned commercial real estate services firm in Canada, continues its rapid expansion south of its border with the purchases of Bethesda, Md.-based Realty Management Co., and the opening of an office in Reno, Nev.
Kennedy Wilson Acquires Research Firm Meyers L.L.C.
After working together on several projects, two leading real estate industry firms — Kennedy Wilson and Meyers Research L.L.C. — decided to team up in a more permanent way with KW acquiring the research and consulting firm.