Investment
Ivanhoé Cambridge Grabs Premier 1.4 MSF Office Property for $360M
In a partnership with Callahan Capital Properties, Ivanhoé Cambridge acquired 10 and 120 South Riverside Plaza, twin 21-story office towers located smack dab in the Windy City’s central business district, from TIER REIT for $360 million.
Lone Star Funds Acquires 6 MSF Commercial Portfolio
Global private equity firm Lone Star Funds has acquired State Farm’s 23 existing operations centers consisting of 6.2 million square feet in 16 states, through a sale-leaseback agreement.
Executive Spotlight: Mukang Cho, In-Rel Properties
Mukang Cho, CEO of In-Rel Properties, has doubled its portfolio of mostly distressed assets since joining the privately held firm in 2010.
Ritz-Carlton, Denver Refinanced with $51M Loan
The Ritz-Carlton, Denver, the Mile-High City’s only AAA Five Diamond-rated hotel, has just been refinanced, courtesy of a $51 million loan.
BC LYND, CrossHarbor Acquire 6 Marriott Hotels in Midwest, Southwest
BC LYND Hospitality has teamed with CrossHarbor Capital Partners on the acquisition of six Marriott-branded properties, located in the Midwest and Southwest.
Retail Properties Buys 262 KSF, M-U Property in Bronx for $134M
Retail Properties of America has spent $192 million on two properties in the New York City metropolitan area, including Fordham Place, a 262,000-square-foot Class A mixed-use asset on Fordham Road in the Bronx it purchased for $134 million.
Starwood Wraps Up $1.6B Mall Portfolio Purchase
Starwood Capital Group has just completed its second major portfolio purchase from Westfield Group, snapping up seven regional malls in the West and Midwest for just over $1.6 billion.
C&W Arranges $275M in Financing for Historic NYC Tower
Cushman & Wakefield served as the exclusive advisor to an affiliate of SL Green Realty Corp. in arranging a $275 million, seven-year senior mortgage loan for 220 E. 42nd St. in New York City.
Schorsh’s RCAP to Acquire Summit Financial Services
RCS Capital Corp. continues expanding its independent broker-dealer business by planning a nearly $50 million merger with Summit Financial Services of Florida.
Hunt Completes Purchase of Centerline Holding Co.
Hunt Cos. has completed the previously announced acquisition of Centerline Holding Co., where through a merger, an affiliate of Hunt became the sole holder of Centerline’s common shares, which potentially makes the combined company the largest affordable housing lender.