Deals
ING Finances Sony Building Purchase
The new owner of the 37-story tower in Manhattan’s Plaza District is looking to add value by rebranding, renovating and reconfiguring the existing space.
Vornado Sells Stake in $560M NYC Office Tower
The sovereign wealth fund Korea Post now owns a 47 percent interest in the 12-story Manhattan property.
Pebblebrook Checks Out of Two Hotel Assets
The hotel REIT scored higher prices for its two properties in Los Angeles and Miami.
MGM to Buy Boyd’s Half of Borgata in Atlantic City
MGM Resorts is shelling out $900 million to acquire Boyd Gaming’s 50 percent interest in the Borgata Hotel Casino & Spa.
Milan-Based Cogest Retail Goes to Cushman & Wakefield
The New York City-based company is expanding its European retail footprint.
Bulgari Brings Luxury Hospitality Brand to Moscow
Development is underway for the world’s seventh Bulgari Hotel, on a property which used to house musicians from the Conservatory P. I. Tchaikovsky.
Self-Storage REIT Buys Newly Developed Phoenix Facility
Strategic Storage Growth acquired a new 840-unit self storage project built by Glacier Development at 1500 East Baseline Road in Phoenix.
Bethesda Office Asset Changes Hands for $106M
Carr Properties has acquired a four-story office building in metro D.C., with plans to turn it into an upscale mixed-use development.
Green Office Campus in Sweden Sells for $120M
The three buildings offer 19,000 square feet of office space and are LEED Platinum pre-certified.
HFF Arranges $51M Refi for Class A Biotech Property
The five-year, fixed-rate loan for 1030 Massachusetts Ave. was secured through Capital One Healthcare, on behalf of a Longfellow Real Estate Partners affiliate.