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Manhattan Office Building Lands $100M Refi
PGIM Real Estate provided the 15-year financing to Jack Resnick & Sons and its joint venture partner, The Ruben Cos.
Colony Capital Leads $1.2B Investment in Vantage Data Centers
Valued at $3.5 billion, the new strategic partnership will both boost Vantage’s ability to expand its portfolio and help accelerate Colony’s reorientation toward digital infrastructure.
IQHQ Buys $125M Cambridge Life Sciences Campus
The real estate development company purchased the corporate headquarters of GCP Allied Technologies in a sale-leaseback transaction.
Renaissance Baltimore Harborplace Hotel Commands $80M
Sunstone Hotel Investors reportedly agreed to lower the price of the 622-key waterfront property in response to the pandemic.
Dexus to Buy Australian Industrial Assets for $120M
In separate transactions, the Sydney-based investment vehicle will add facilities totaling 762,600 square feet in Victoria and New South Wales to its portfolio.
Major China Coworking Firm Inks Merger Deal
Ucommune entered into a definitive agreement with Orisun Acquisition Corp. to create a combined company, Ucommune International, with a pro forma firm value of $769 million.
CPE’s June 2020 Must-Reads
Catch up on our most important stories, interviews, rankings and analyses from last month.
Angelo Gordon’s $1.5B Fund Targets European Assets
The company will use the equity commitments to pursue off-market, value-add deals across all property types.
CRE Executives See Glimmers Emerging from Tough Times: RCLCO Report
The semiannual survey of commercial real estate leaders finds a noticeable bifurcation between how they view the market now and what they foresee over the next 12 months.
BioMed Realty Lands $165M in Financing for Bay Area Asset
With the assistance of Newmark Knight Frank, the company secured a loan for its fully leased life sciences building in Emeryville, Calif.