Investment
New York REIT to Acquire Twitter HQs in Manhattan for $335M
New York REIT Inc. has entered into a purchase and sale agreement to acquire Twitter’s 282,000-square-foot East Coast headquarters in Manhattan for a reported $335 million from Savanna.
P.B. Bell Snaps Up Phoenix M-F Assets for $170M
The P.B. Bell Cos. completed the biggest deal in the company’s history and one of the largest in the Phoenix area since the recession, snapping up seven apartment communities for $168.5 million.
KSG Grabs Hidrock’s SpringHill Suites New York for $82M
Malaysian company KSG Enterprises Ltd. is expanding its presence in the U.S. with the purchase of SpringHill Suites New York Midtown Manhattan/Fifth Avenue.
Parmenter Sells 846 KSF Dallas Office Complex
Eight years after acquiring Park Central 7-8-9 in Dallas, Parmenter Realty Partners has sold the 845,900-square-foot property to an institutional investor.
Israel’s Clal Insurance Buys Chicago’s Harper Court Office Complex for $112M
The Tel Aviv-based company made its second purchase in the U.S. real estate market with the 225,000-square-foot Harper Court mixed-use office and retail complex in Chicago’s Hyde Park neighborhood.
Executives Think Globally, Offer Upbeat Outlook: CPE 100 Quarterly Sentiment Survey
By Paul Rosta, Senior Editor As commercial real estate becomes increasingly global, the latest CPE 100 Quarterly Sentiment Survey confirms that a growing number of industry executives are thinking beyond American borders. One-third of respondents to the second-quarter survey said the global real estate market has become more important to their business in the past 12 months, while half of respondents said the global market’s impact on their businesses remains unchanged. The executives surveyed said that investment and investment management offer the greatest potential during the next 12 to 18 months. Nearly six in 10 cited these sectors as offering…
Dollar Tree, Family Dollar Stores Merger to Create 103 MSF of Retail Space Across U.S.
The Dollar Tree and Family Dollar Stores merger will result in a discount-store behemoth, melding Dollar Tree’s 5,080 stores spanning 48 states and five Canadian provinces with Family Dollar’s 8,200 locations across 46 states.
Prudential JV Sells Residential Portfolio in Berlin for $105M
A joint venture between Prudential Real Estate Investors and Kauri CAB Management GmbH has sold a portfolio of 25 residential ‘Altbau’ buildings located within the S-Bahn ring of Berlin for $105 million.
MetLife, Norges Bank Buy One Beacon St. Tower in Boston for $561M
In its fourth major acquisition in just eight months, a JV between MetLife Inc. and Norges Bank Investment Management has bought One Beacon St., a 34-story, Class A office tower in downtown Boston’s financial district.
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