Investment
Healthcare Trust Buys 8-Property Medical Office Buildings for $141M
Healthcare Trust of America closed out 2013 with a total of $398 million in investments in medical office properties, including an eight-property portfolio purchase for $141 million.
Related Beal Buys 4-Building Property in Boston from Fidelity Investments
Related Beal has bought the 343,000-square-foot The Block on Congress from Fidelity Investments in a sale-leaseback transaction that allows the new owner to make plans for the near future.
Indcor Grabs 7 MSF Multi-Market Portfolio
IndCor Properties acquired a 7 million-square-foot portfolio of industrial properties located in the key markets of Reno, Las Vegas, Chicago and Southern California.
Steadfast REIT Launches New Apartment REIT
Fresh off the success of its first multi-family REIT, Steadfast REIT Investments is launching its second, Steadfast Apartment REIT, and beginning an initial public offering of $1.1 billion in common stock for the new REIT.
Chinese Developer to Spend $200M on 4.6-Acre Site in Downtown LA
The Los Angeles real estate investment community is abuzz with news of Oceanwide Real Estate Group’s pending acquisition of Fig Central, a 4.6-acre entitled development site located downtown, just across from Staples Center and the multibillion-dollar L.A. Live entertainment destination.
Brookwood Buys 360 KSF Office Property in Dallas
Brookwood Financial Partners has acquired Heritage Square I & II, a two-building, multi-tenant office property in Dallas.
Michael Ippolito: Workplace Changes Not Likely to Lead to Increased Office Vacancies
Las Vegas–Michael Ippolito, chairman, Global Corporate Services, of Newmark Grubb Knight Frank, argues that workplace mobility, shared work spaces and other such workplace trends are unlikely to shrink the overall demand for office space.
Behringer Harvard Teams With PGGM on $300M Co-Investment Agreement
Behringer Harvard Multifamily REIT I has entered into a new $300 million arrangement with PGGM Private Real Estate Fund to co-invest in multi-family communities.
Spitzer’s RE Company Spends $88M for Manhattan Property
Former New York Governor Eliot Spitzer has wrapped up a notable Manhattan purchase for the family real estate firm, Spitzer Enterprise — 511 W. 35th St., a 17,281-square-foot development site at the burgeoning Hudson Yards, from Alloy Development in a speedy $88 million transaction.