Investment
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.
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.