Finance
New York City REIT to Buy Midtown Manhattan Office Asset
American Realty Capital NYC REIT will pay $180 million to acquire the Manhattan office asset from an affiliate of The Blackstone Group.
TPG, Phillips Edison Grocery REIT II Team on $250M Venture
The two companies have formed a joint venture to acquire several grocery-anchored retail centers across the U.S.
Two Rector St. in Lower Manhattan Gets New Ownership Group
A joint venture between MEPT and Cove Property Group has acquired the 26-story office tower for a reported $225 million.
MIPIM 2016 Round-Up, Part II: Funding
Investors analyzed the current trends in the real estate investment environment at the closed-door MIPIM RE-Invest Summit in Cannes.
Marriott-Starwood Marriage Back On
Marriott International has topped Anbang Insurance Group’s bid to acquire Starwood Hotels & Resorts Worldwide, with an offer valued at $13.6 billion.
Continental Realty Corporation Sells 30,500-Square-Foot Royal Palm Office Depot Center For $7.5 Million
Baltimore-based Continental Realty Corporation sold the 100-percent-leased Royal Palm Office Depot Center in Palm Beach County.
Marcus & Millichap Closes Sale of All American Self Storage of Longwood
Marcus & Millichap arranges the sale of a 65,510-square foot self-storage facility in Longwood, Fla.
NYC Seaport Redevelopment Commands $390M
China Oceanwide Holdings paid a hefty price to acquire 80 South St. from The Howard Hughes Corp., with plans to create a 113-story tower.
Fingers Crossed, Chicago’s Old Main Post Office is Sold
IPDNA is reportedly in the process of selling the iconic, 2.7 million-square-foot property to a New York-based investment group.
HFF Arranges $60M Loan for Class A Creative Office Development in Boston Area
LINX, a two story, 185,595-square-foot building located in Watertown, Mass., is slated for completion by early 2017.