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Westport Capital Buys 220,000-SF Suburban Phoenix CRE Portfolio
Westport Capital Partners bought the Agave Center in Tempe, Ariz., with plans to increase leasing.
Pantzer Grabs M-F High-Rise in Metro D.C. for $168M
Panzter Properties has bought an 891-unit high-rise complex in Silver Spring, Md., for $168 million.
Lubert-Adler/Farbman JV Buys Office Building in Chicago’s West Loop for $75M
Lubert-Adler and The Farbman Group collaborated in the purchase of West Monroe, a Class B office property that is currently 80 percent occupied.
Houston's Iconic Williams Tower Goes Up for Grabs
Hines REIT tapped Jones Lang LaSalle to help it sell its famous Williams Tower in Houston. The city landmark boasts 1.4 million square feet of office property and has been owned by the REIT for the past four years.
Harbor Group Spends $131M on Four-Property Multi-Family Portfolio in Nashville
Harbor Group International added a four-property portfolio in Nashville to its multi-family collection. The latest purchase is not the end for HGI, which vows to continue pursuing apartment portfolio buys.
Alchemy Buys Condo Stake in Manhattan's Woolworth Building
Alchemy Properties Inc. purchased part of the Woolworth Building for $68 million. It intends to convert the vacant space into residential condominiums.
Cousins Picks Up Downtown Dallas Tower at Foreclosure Sale
Cousins Properties Inc. purchased the former San Jacinto Tower in downtown Dallas. Like several other properties in the area, the office tower had been foreclosed on in the past 12 months.
Apartment Trust of America Gets $537M Recap, New Name
The recapitalization included the investors’ contribution of a 21-property portfolio encompassing 6,100 apartment units valued at $485 million. For its part, ATA handed over $187 million of partnership interests in its operation partnership.
Cornerstone Enters U.K. with $129M Loan
About six months after appointing its new CEO of European operations, Cornerstone Real Estate Advisers completed its first loan in the United Kingdom, a $129.1 million (£83 million) refinancing for Derwent London plc.
Economy Watch: Employment Growth Up, but Economy Still Spins Its Wheels
July’s employment numbers increased but were nonetheless mediocre. The ISM non-manufacturing index and new orders grew very slightly. And rail cargo traffic offered a mixed message.