Investment
Cresa Expands into London
Cresa has long been known as a leader in tenant-only commercial real estate services, and now the firm is increasing its footprint across the pond and beyond.
ULI Special Report: Smart Moves for Smart Capital
While institutional capital isn’t necessarily known for its flexibility and innovation, an environment of accelerating change in business conditions has some companies adjusting their strategies for securing high yields while minimizing risk. Mike Ratliff reports from ULI’s Spring Meeting in Vancouver.
Henry S. Miller Trades 170 KSF Retail Asset in Dallas to Dunhill
Dallas-based commercial real estate firm Henry S. Miller Cos. has sold its prominent 170,000-square-foot Little Elm Towne Crossing in Dallas to Dunhill Partners for an undisclosed amount.
Trends in Office, Industrial and Why M-F Might be Cooling Off
USAA Real Estate Company’s Bahram Motamedian gives insight on the company’s current investment strategy. Today the firm is a net seller of core assets, but is looking for value-add opportunities in secondary markets as well as BTS or speculative development opportunities in office. Speculative industrial is also looking hot, while multi-family is not.
KBS Buys 2 Office Buildings Totaling 490 KSF for $187M in Bellevue, Wash.
KBS has snapped up The Plaza Buildings, two office towers encompassing 490,000 square feet in Bellevue, Wash., for $186.5 million.
Piquet Realty Buys Portman Realty in New York
Piquet Realty, a Florida-based luxury real estate company specializing in foreign investors, has expanded its presence in New York City with the acquisition of Portman Realty.
International: W.P. Carey Affiliates Pay $158M for Polish Bank HQ
W.P. Carey’s two publicly held non-traded REIT affiliates have jointly purchased the headquarters of Poland’s second largest bank, paying $158 million for the asset.
Paragon Commercial, Canyon Catalyst JV Acquires 158 KSF Retail Center in Rancho Mirage, Calif.
A joint venture between the Canyon Catalyst Fund and Paragon Commercial Group has made its first retail acquisition in California – the 158,156-square-foot Rancho Las Palmas shopping center in Rancho Mirage.
Soho Properties, MHP Join Hampshire Hotels to Create New Dream Hotel at Times Square
A development team comprising Soho Properties, MHP Real Estate Services and Hampshire Hotels Management has acquired 560 Seventh Ave. in Manhattan’s Times Square, which they will replace in a $300 million project with a new Dream Hotel and 20,000 square feet of luxury retail.
Select Income REIT Closes $188M Acquisition of 820 KSF Office Property in Suburban Chicago
Select Income REIT has gotten its hands on a premier 820,000-square-foot office asset in suburban Chicago, courtesy of a sale-leaseback transaction with Tellabs Inc.