Investment
CIT to Buy OneWest Bank for $3.4B
Calling it a “transformational transaction,” CIT Group Inc. chairman & CEO John Thain said the New York-based commercial lender would more than double in size if the planned $3.4 billion acquisition of Southern California’s OneWest Bank, N.A. is approved by federal regulators.
Related Fund Management Grabs Fort Lauderdale Condo Hotel for $90M
An affiliate of Related Fund Management, headed by current Miami Dolphins owner Stephen Ross, has acquired the W Fort Lauderdale Hotel, a 346-key hotel in South Florida, from Capri Resorts, for $90 million.
Harbor Group Sells 415 KSF Times Square Office Tower for $250M
Harbor Group International has sold 1412 Broadway, a 24-story, 415,135-square-foot office tower in Manhattan, for $250 million.
CBRE Acquires PKF Consulting
CBRE Group Inc. has acquired PKF Consulting USA, an international advisory, consulting and research firm providing services to the hospitality, real estate and tourism industries.
Formation, Safanad JV Buys Nursing Facilities Portfolio for $150M
Formation Capital and Safanad Ltd. have acquired a portfolio of 14 skilled nursing facilities in the mid-Atlantic region for approximately $150 million.
Pebblebrook Grabs The Nines Hotel in Portland, Ore.
In order to further expand its presence in downtown Portland, Ore., Pebblebrook Hotel Trust has acquired The Nines Hotel for $127 million.
Venterra Secures Acquisition Financing for Suburban Houston M-F Property
Venterra Realty has added a Houston-area fractured condominium property to its portfolio, the 332-unit Fairways at South Shore in League City, Texas.
CBRE Buys U.S. Equities, Combines Chicago-Area Operations
Commercial real estate giant CBRE Group acquired the 36-year-old boutique U.S. Equities to bolster its presence in Chicago and expand its relationships with property owners.
Tishman Speyer Buys 233 KSF London Office
London calling. Tishman Speyer acquires its second office property in the U.K. capital in three months with the purchase of The Point, a 232,800-square-foot office building in the Paddington area of the city’s West End.