Investment
Laurus Buys 25-Story Office Tower in Baltimore’s CBD
Los Angeles-based private real estate investment and development firm Laurus Corp. has purchased its first Baltimore office building with the acquisition of 294,274-square-foot 36 S. Charles St.
Capri Acquires Stamford Luxury Residential Building for $135M
Capri Capital Partners has acquired 101 Park Place at Harbor Point, a Class-A core multi-family asset located in Stamford, Conn., on behalf of an institutional investor.
ASB Acquires 4 Retail Properties in Boston for $91M
ASB Real Estate Investments, acting on behalf of its $3.1 billion Allegiance Real Estate Fund, recently joined forces with real estate firm Blatteis & Schnur to plunk down $91.2 million in cash on the acquisition of a collection of four retail-office buildings totaling approximately 51,250 square feet in the ritzy Back Bay neighborhood of downtown Boston.
SPECIAL REPORT: Prudential Sees Economy Heating Up in 2014
Prudential expects the economic recovery in U.S. to gain momentum in 2014.
Marriott Opens Tallest Hotel in NYC
Double good news for Marriott International: Not only did it officially open its doors yesterday to the tallest hotel in New York – a 68-story property that climbs nearly 753 feet into the skyline at Broadway and 54th Street – but also the combination Courtyard by Marriott/Residence Inn joined a growing trend of dual-branded hotels nationwide.
Rockpoint, Fisher Bros. Buy 50% Stake in 2 NYC Office Towers Totaling 3 MSF
Fisher Brothers now has a new partner in the ownership of 1345 Avenue of the Americas and 605 Third Ave., two Class A office high-rises totaling 2 million square feet in Midtown Manhattan.
Federal Capital Partners Pays $61M for 184 KSF Office Property in DC Suburb
One Preserve Parkway, a seven-story, 183,667-square-foot trophy office tower in Rockville, Md., has been acquired for $61 million by Federal Capital Partners.
Cole Grabs 1.2 MSF Industrial Property in Maryland
Cole Real Estate Investments has acquired 4000 Principio Parkway, a 1.2 million-square-foot warehouse in North East, Md., from Weeks Robinson for a reported $74 million.
Report: High-Action Quarter for Net Lease Market
2013 proved a busy year in the single-tenant net lease market, and the fourth quarter was no exception. As noted in The Boulder Group’s national net lease market report, the last three months of 2013 were anything but boring.
Senior Housing Properties Sells 2 Massachusetts Hospitals for $90M
Senior Housing Properties has closed its sale of two Massachusetts rehabilitation hospitals for $90 million to a JV of affiliates of The Sanders Trust and Harrison Street Real Estate Capital.