Investment
Hines Acquires 400 KSF Chesapeake Plaza in Fort Worth
Hines’ acquisition of Chesapeake Plaza gives the Houston-based real estate giant its first property in Fort Worth, Texas.
INTERNATIONAL: Constellation Hotels Offers to Buy InterContinental Paris – Le Grand Hotel
InterContinental Hotels Group PLC announced it has received an offer from Constellation Hotels Holding Ltd. to buy its historic InterContinental Paris – Le Grand Hotel.
Clarion Sells Mexican Shopping Centers to JV Partner
Clarion Partners has sold its 50 percent interest in a 3.2 million-square-foot portfolio of Class A shopping centers in Mexico to its joint venture partner.
AUGUST ISSUE: LIHTC Development Opportunities
Land Rush: Despite tough competition, LIHTC developers are finding sites in major markets.
Shorenstein Gets $170M Loan from MetLife for Manhattan Asset
MetLife Inc. has provided Shorenstein Properties L.L.C. with $170 million in financing for 850 Third Ave., a 21-story, 615,000-square-foot office building on Manhattan’s East Side.
Inland American to Spin Off Lodging Subsidiary
Inland American Real Estate Trust Inc. plans to spin off much of its lodging portfolio, as a publicly traded company called Xenia Hotels & Resorts Inc.
CBRE GMM Closes Asia with $236M in Commitments
CBRE Global Multi Manager has completed the final close of the Asia Alpha Plus III Fund.
INTERNATIONAL: Deloitte Puts $1B Price Tag on The Gherkin Building
An overseas buyer is reportedly set to become the new owner of London’s iconic Gherkin Building, which has been put up for sale.
W.P. Carey Buys Corporate HQ Property in Norway for $114M
In its second acquisition in Norway this year, W.P. Carey Inc. has added the 275,600-square-foot headquarters of Total E&P Norge AS to its portfolio.
Meridian Finances 1412 Broadway Purchase
Meridian Capital Group L.L.C. provided $165 million in permanent and mezzanine financing for the purchase of 1412 Broadway in Manhattan.