Investment
King Street Properties Acquires $112M, 2-Building Lab Project
King Street Properties has plans for a two-building, 284,200-square-foot laboratory redevelopment project in Cambridge, Mass., the leading life sciences hub in the country, and a new financing deal is helping the developer bring the goal to fruition.
INTERNATIONAL: IHG, Hilton Worldwide Expand Operations in UAE
InterContinental Hotels Group and Hilton Worldwide will both be expanding their portfolios, with IHG signing two new management contracts for facilities in Abu Dhabi, while Hilton has officially opened a new Dubai hotel.
KBS REIT II Sells Chicago Office Building to Irvine Co. for $850M
In what CoStar called the largest single-building office transaction in Chicago history, KBS REIT II has sold 300 N. LaSalle to the Irvine Co. for $850 million.
Loews Hotels & Resorts Buys 255-Key Graves 601 Wyndham Grand in Minneapolis
Loews Hotels & Resorts has completed its acquisition from Graves Hospitality of the 21-story, 255-room Graves 601 Hotel Wyndham Grand in Minneapolis.
Bridge Development Buys 17 Acres in Florida to Build Industrial Facility
Bridge Development Partners makes plans for its third speculative industrial project in South Florida in less than one year with the acquisition of 17 acres in Hialeah Gardens, Fla.
DSF Group Acquires M-F Complex in Massachusetts for $108M
DSF Group has acquired Avalon Danvers, a 433-unit multi-family complex in the northeastern Massachusetts town of Danvers, for $108 million from Avalon Bay Communities.
Avison Young Buys Montreal-Based Firm Roy et Tremblay
The fast growing Toronto-based commercial real estate services firm Avison Young continues its expansion, this time closer to home, with the acquisition of Montreal-based project management firm Roy et Tremblay Inc.
C&W: Manhattan Office Leasing Up 35% as Offshore Capital Chases Assets
Class A office properties are commanding nearly $1,300 per square foot and leasing volume hit 16.7 million square feet during the first half.
Micros Systems Acquires 248 KSF Class A Office Building in Columbia, Md.
There’s no place like home, so Micros Systems decided to stay put and acquire its headquarters building at 7031 Columbia Gateway Drive in Columbia, Md., just outside of Washington, D.C.
Bascom/Oaktree JV to Purchase $250M in M-F Properties Throughout U.S.
The Springs Apartments in Southern California is the first multi-family acquisition made by a new JV formed between The Bascom Group and funds managed by Oaktree Capital Management to acquire $250 million in value-added multi-family properties.