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Brookdale Revealed as Buyer of 777 Main in Fort Worth
A local Fort Worth newspaper reported that the Brookdale Group was the unnamed buyer of the 980,000-square-foot office tower in downtown Fort Worth, sold by Cousins Properties amid a tenant lawsuit.
Madison Realty Shells Out Financing for M-U Project in Williamsburg
Madison Realty Capital gives its support to 55 Wythe Ave. by providing $81 million in financing for the mixed-use project.
Starwood Hotels Spends NYE Opening Three Hotels in China
On the very last day of 2014, Starwood Hotels & Resorts Worldwide made a big splash in its China expansion endeavor with the announcement of the opening of not one, not two, but three hotels totaling 929 guestrooms.
PANYNJ Report: Sell Assets, Limit CRE Investment Not ‘Integral’ to Transportation
The Port Authority of New York and New Jersey manages a real estate portfolio with more than 12,000 acres of land as well as 45 million square feet of office, industrial and retail space. But unless those assets move people or cargo, they are soon likely to have a for sale sign slapped on them.
CNL Healthcare Acquires 9 Medical Office Buildings
CNL Healthcare Properties has acquired from developer Meadows & Ohly a portfolio of nine Class A medical office buildings for $238 million.
Berkshire Group Grabs 325-Unit M-F Asset in Dallas’ Medical District
Berkshire Group wraps up a busy year of buying with the acquisition of Aura Medical District, a 325-unit apartment community in Dallas’ booming medical cluster.
Skanska Trades M-U Property in Seattle
National development company Skanska USA has sold its first Seattle property, Stone34, to a joint-venture buyer Unico Properties and the Laird Norton Co. for $70 million.
Skanska to Build $101M Science Museum in Miami
Skanska USA will construct the $101 million Patricia & Phillip Frost Museum of Science, a 250,000-square-foot cultural anchor in Miami.
APF Takes Full Ownership of Building on Manhattan’s ‘Club Row’
APF Properties has taken 100 percent ownership of The Club Row Building at 28 W. 44th St., buying out the 80 percent equity stake previously held by its joint venture partner, Prudential Real Estate Investors.
CPA:18 – Global REIT Acquires Office Campus in Rotterdam
CPA:18 – Global, a non-traded REIT managed by W. P. Carey Inc., has acquired a two-building office campus in the Netherlands, in a sale-leaseback transaction with Royal Vopak, the world’s largest independent tank storage provider.