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Skanska Scores $95M on Sale of Cambridge Life Sciences Building
One year after completing the approximately $70 million development of 150 Second St., a laboratory and office property in the bustling life sciences hub that is Cambridge, Mass., Skanska has sold the property to Alexandria Real Estate Equities for $95 million.
Washington Post HQ Sale Put to Bed for $159M
Graham Holdings, formerly The Washington Post Co., has agreed to sell the 470,300-square-foot office property in Washington, D.C., to Carr Properties for $159 million.
Witkoff, Jynwell Close on NYC’s Park Lane Hotel for $660M
An investment consortium led by The Witkoff Group and majority backer Jynwel Capital has acquired the Helmsley Park Lane Hotel in New York City for $660 million from the Leona and Harry Helmsley Charitable Trust.
ARCP Taps Capital Automotive’s Kay for Prez
Capital Automotive Real Estate Services Inc.’s loss is American Realty Capital Properties Inc.’s gain. ARCP recently snapped up David Kay from his position as CFO & chief investment officer at Capital Automotive to serve as the company’s president.
Gray, Schorsch, Sternlicht Sweep Top Executive of the Year Awards
CPE announces the winners of the peer-voted 2013 Executive of the Year Awards.
Aimco Breaks Ground on $190M M-F Project in Boston
Apartment giant Aimco broke ground late last week on One Canal Street, a $190 million, 12-story apartment building in Boston’s Bulfinch Triangle area.
Greenbuild Special Report: Creating a Healthier Built Environment
A master speaker session and subsequent panel of physicians and industry exports tackled the issue of building healthy spaces at Greenbuild yesterday in Philadelphia.
Executive Spotlight: Mukang Cho, In-Rel Properties
Mukang Cho, CEO of In-Rel Properties, has doubled its portfolio of mostly distressed assets since joining the privately held firm in 2010.
Starwood Wraps Up $1.6B Mall Portfolio Purchase
Starwood Capital Group has just completed its second major portfolio purchase from Westfield Group, snapping up seven regional malls in the West and Midwest for just over $1.6 billion.
O’Connor Capital Welcomes Co-Founder Rufrano Back as CEO
Glenn Rufrano, former CEO of Cushman & Wakefield, has returned to real estate investment and management firm O’Connor Capital Partners as chairman & CEO, 13 years after leaving his role as president & COO of the company.