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Exclusive: Kasselman to Head NGKF National Industrial Practice
Industry veteran of 26 years Geoffrey Kasselman has been tapped as an executive managing director at Newmark Grubb Knight Frank’s Chicago office, CPE has learned, leading the firm’s national industrial practice.
Terramar Acquires New Retail Center on Oahu for $100M
Terramar Retail Centers has purchased, for $100 million, the Laulani Village Shopping Center, a 223,000-square-foot neighborhood retail center in Ewa Beach, Oahu, Hawaii.
Laurus Buys 25-Story Office Tower in Baltimore’s CBD
Los Angeles-based private real estate investment and development firm Laurus Corp. has purchased its first Baltimore office building with the acquisition of 294,274-square-foot 36 S. Charles St.
Capri Acquires Stamford Luxury Residential Building for $135M
Capri Capital Partners has acquired 101 Park Place at Harbor Point, a Class-A core multi-family asset located in Stamford, Conn., on behalf of an institutional investor.
Rockpoint, Fisher Bros. Buy 50% Stake in 2 NYC Office Towers Totaling 3 MSF
Fisher Brothers now has a new partner in the ownership of 1345 Avenue of the Americas and 605 Third Ave., two Class A office high-rises totaling 2 million square feet in Midtown Manhattan.
Cole Grabs 1.2 MSF Industrial Property in Maryland
Cole Real Estate Investments has acquired 4000 Principio Parkway, a 1.2 million-square-foot warehouse in North East, Md., from Weeks Robinson for a reported $74 million.
Chinese Developer to Spend $200M on 4.6-Acre Site in Downtown LA
The Los Angeles real estate investment community is abuzz with news of Oceanwide Real Estate Group’s pending acquisition of Fig Central, a 4.6-acre entitled development site located downtown, just across from Staples Center and the multibillion-dollar L.A. Live entertainment destination.
ARC NYRR Buys Institutional-Quality Manhattan Office for $529M
American Realty Capital New York Recovery REIT now owns more than $2.1 billion in assets topped off by the $528.6 million acquisition of the fee simple interest in 1440 Broadway, a 25-story office building in the Times Square South submarket of Manhattan.
Carey Watermark Investors Buys Renaissance Chicago Downtown for $139M
Carey Watermark lodging REIT picked up the 553-guestroom Renaissance Chicago Downtown Hotel from the Royal Bank of Scotland Group for $139 million, marking downtown Chicago’s largest hotel trade this year.
Blackstone Closes on East Coast Hotel Portfolio for $186M
Blackstone Real Estate Advisors has closed on a 15-property select-service hotel portfolio in seven East Coast and Mid-Atlantic states after securing $186 million in acquisition financing.