Featured
NVIDIA to Develop $300M, 500 KSF HQ in Silicon Valley
As it celebrates its 20th birthday this month, chipmaker Nvidia announced plans to construct a 500,000-square-foot building on a 24-acre site in Santa Clara, Calif., the first part of an eventual 1 million-square-foot headquarters.
Suffolk Develops $400M BioMed Research Facility at UMass
The Albert Sherman Center, a 512,000-square-foot biomedical research and education facility, has opened at the UMass Medical School campus in Worcester, doubling the school’s research capacity.
SL Green Closes $900M Refinancing of Manhattan’s 1515 Broadway
SL Green Realty Corp. has done it again. New York City’s largest office landlord has refinanced its 1.8 million-square-foot office building at 1515 Broadway once again– to the tune of $900 million.
Hines Starts Construction on M-F Project in Atlanta’s Brookhaven
In the latest expansion of its multi-family business, Hines has begun construction on @1377, a luxury multi-family complex on Dresden Drive in the Brookhaven neighborhood of Atlanta.
West End Summit Adds InterContinental Hotel in Nashville
Alex. S. Palmer & Co. and Concord Hospitality have signed a letter of intent for the development of an InterContinental Hotel in Nashville, as part of Palmer’s West End Summit.
Rubenstein Acquires 500 KSF Boston-Metro Office Portfolio
Rubenstein Partners purchased CenterPoint, a 500,000-square-foot office park in Waltham, Mass., for $68 million in a JV partnership with Saracen Properties.
KKR to Invest $150M of Equity in Sentio Healthcare
Kohlberg Kravis Roberts & Co. is providing $150 million of equity to Sentio Healthcare Properties, a REIT that invests in seniors housing and medical facilities, to help it grow its portfolio.
306-Unit M-F Property Trades in San Antonio’s Steaming Hot Market
Multi-family sales volume in San Antonio closed 2012 with a bang, and the change in ownership of the 306-unit Manor at Castle Hills was among the long list of transactions.
Chambers Closes on Two 300 KSF Suburban Philly Office Buildings
Chambers Street Properties, of Princeton, N.J., recently closed on its acquisition of 1400 Atwater Drive, a pair of five-story Class A office buildings, totaling 300,000 square feet, in Malvern, Pa.
Cousins Buys Houston’s Post Oak Central, Atlanta’s Terminus Properties
Atlanta-based real estate company Cousins Properties acquired Post Oak Central, a Class A office complex in the Galleria submarket of Houston, for $233 million from institutional investors advised by J.P. Morgan Asset Management. The company also bought the Terminus 100 and 200 towers in Atlanta’s Buckhead market.