Development
C&W Finds Site for AS Roma’s Soccer Stadium in Rome
Acting on behalf of A.S. Roma S.p.A., Cushman & Wakefield has completed a mission in Italy, by helping identify a site for the development of a new stadium for a Rome-based soccer team.
January – Briefs/Sales & Development
Hines, Boston Properties Acquire San Fran Development Site; American Campus Communities Announces $862.8M Buy; TCC, Clarion, Rosewood Begin 1 MSF Industrial Complex; RLJ Lodging Enters Boston with $64.5M Buy; Vornado to Sell Green Acres Mall for $500M; Kennedy Wilson Buys North Hollywood Office for $48M; Hyatt Announces Bangkok Hotel; Zeckendorf Breaks Ground on $500M Condo.
Blue Rock Grabs $66M M-F Portfolio in Fla.
Blue Rock Partners in a JV with Konover South continues to boost its multi-family holdings with the acquisition of a three-community portfolio consisting of 1,218 units in Florida for $66 million.
Laurus Acquires Two Hilton Airport Hotels in One Week
Laurus Corp., a private real estate investment and development firm, has acquired the Hilton Kansas City Airport hotel in Kansas City, Mo., its fifth hotel this year and the second in less than a week. A few days earlier, the company had closed on the Hilton San Antonio Airport Hotel in San Antonio.
Steelbridge Capital, Apollo Global JV Buys Miami Office Tower
In a JV, Steelbridge Capital and a real estate investment fund managed and advised by affiliates of Apollo Global Real Estate Management have acquired Concorde Centre II, the largest office purchase in Aventura, Fla. this year.
South African Developer Secures Financing for Retail, Residential projects in Pretoria
Nedbank Corporate Property Finance, a Durban-based financial organization, has reportedly provided a Pretoria developer with crucial financing that will be used in the development of two properties.
Kilroy to Develop 587 KSF Silicon Valley Office Project for LinkedIn
Kilroy Realty has acquired a 12-acre parcel in Sunnyvale, Calif., where it will build a 587,000-square-foot office complex for popular professional network LinkedIn, under a 12-year leasing agreement and development deal worth $315 million.
Lynd, Endeavor Start 36-Story Apartment Tower in Austin
Lynd, of San Antonio, and Endeavor Real Estate Group, of Austin, have begun construction on The Bowie, a 36-story, 358-unit luxury apartment building in downtown Austin.
American Realty Capital Properties to Acquire ARCT III for $2B
American Realty Capital Properties Inc. and American Realty Capital Trust III Inc., two separate net-lease REITs that count investment advisory firm American Realty Capital as their original sponsor, will soon become one.
Greenwich Group Outlines $1.5B Financing Strategy for DC’s The Wharf
Even with quite specific preferences regarding both the debt and the equity financing for The Wharf, in D.C., Greenwich Group International reportedly has numerous entities potentially interested in getting in on the $1.5 billion, 27-acre, 3.2 million-square-foot mixed-use riverfront development.