Investment
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.
Liberty Property Trust Closes $368M Sale
Liberty Property Trust has closed on the sale of 49 properties totaling 4 million square feet of space and 140 acres of land for a total of $368 million.
HFF Arranges $115M in Financing for M-F Development in Boston
The developers of One Greenway, a Class A multi-housing property that just broke ground along the southern end of the Rose Kennedy Greenway in Boston’s Chinatown, have received $115 million in financing.
Lowe JV Buys 2 Class A Office Buildings in Phoenix for $51M
Frequent partners Lowe Enterprises and J.P. Morgan Asset Management have joined forces on the acquisition of a two-building, 327,300-square-foot office portfolio in metropolitan Phoenix. The partnership acquired the Class A office properties from CJK Investments for an aggregate $51 million.
ARC NYRR Buys Institutional-Quality Manhattan Office for $529M
American Realty Capital New York Recovery REIT now owns more than $2.1 billion in assets topped off by the $528.6 million acquisition of the fee simple interest in 1440 Broadway, a 25-story office building in the Times Square South submarket of Manhattan.