Investment
WTGoodman JV Buys Warehouse Portfolio in Brazil for $1.4B
WTorre SA and the Goodman Group created a joint venture that would focus on the industrial real estate market, buying a massive warehouse portfolio for $1.4 billion.
Beech Street Capital Refinances 8 Housing Communities for $158M
Beech Street Capital closed a refinancing deal on seven Fannie Mae loans for eight housing commmunities totaling $158 million.
Campus Advantage Acquires 850-Bed Student Housing Community in Kennesaw, Ga.
Campus Advantage has purchased West 22, a 245-unit, 850-bed student housing community serving Kennesaw State University in Kennesaw, Ga., from a joint venture between South City Partners and The Carlyle Group.
Invel to Buy Stake in NBG Pangaea in Greece for $888M
Invel Real Estate Partners is set to acquire a 66 percent stake in NBG Pangaea Real Estate Investment Co. from the National Bank of Greece, making it the largest real estate transaction in the country.
Alliance JV Buys $160M Waterfront Property in Metro San Diego
A joint venture headed by Alliance Residential Co. has acquired the Coronado Bay Club, a 549-unit, garden-style waterfront apartment community in Coronado, Calif., for $160 million.
W. P. Carey Acquires Denver-Area Class A Office Building
W.P. Carey has jumped into the growing Denver area office market with the acquisition of a Class A property in the ParkRidge Corporate Center in Douglas County, Colo.
Skanska Scores $95M on Sale of Cambridge Life Sciences Building
One year after completing the approximately $70 million development of 150 Second St., a laboratory and office property in the bustling life sciences hub that is Cambridge, Mass., Skanska has sold the property to Alexandria Real Estate Equities for $95 million.
Hilton to Trade Biggest-Ever Hotel IPO
The nearly century-old Hilton, the world’s largest hotel enterprise, plans to start trading on the New York Stock Exchange next week under the symbol HLT.
Washington Post HQ Sale Put to Bed for $159M
Graham Holdings, formerly The Washington Post Co., has agreed to sell the 470,300-square-foot office property in Washington, D.C., to Carr Properties for $159 million.