Investment
Cielo Buys 243 KSF Texas Office Tower
Cielo Realty Partners has purchased Neuhaus Tower, a 17-story, 243,000-square-foot office tower in McAllen, Texas, from an affiliate of Brookfield Asset Management for an undisclosed amount.
Allegiance Sells 202 KSF, Two-Building Atlanta Office Park to Cornerstone
Allegiance Realty has sold the 202,000-square-foot The Park at Windward Concourse in Alpharetta, Ga., three years after buying it. Allegiance and Cornerstone Real Estate Advisers, the buyer of the Class A, suburban Atlanta property, are keeping mum on the dollar signs involved in the off-market transaction.
British Land to Buy Paddington Central in London’s West End for $708M
European real estate investment trust British Land is investing around $708 million to buy into Paddington Central, a 1.2 million-square-foot, office-anchored mixed-use development in London’s West End.
Meridian Arranges $155M in Financing for Purchase of Manhattan M-F Property
Meridian Capital Group negotiated $155 million in acquisition financing on behalf of Cammeby’s International for the purchase of the Monterey multi-family property on Manhattan’s Upper East Side.
Silverman Buys Third NJ Office, Rebrands Trio as Corporate Campus
Call it the opportunistic office park. Having just purchased the 133,000-square-foot office building at 106 Allen Road in Basking Ridge, N.J., The Silverman Group will now rebrand that building, and two adjacent ones it bought in the last few years, into The Offices at Liberty Corner, a 525,000-square-foot Class A corporate campus.
CWI Buys JV Stake in Fairmont Sonoma Mission Inn in $97M Deal
Carey Watermark Investors has purchased a 75 percent joint venture interest in the 226-room luxury resort from Fairmont Hotels & Resorts in a transaction valued at an aggregate $97 million.
Frothy Times, Smart Investing: Insights from Madison International Realty’s Ronald Dickerman
Madison International Realty founder & president Ronald Dickerman provides perspectives on the challenges of making prudent decisions in a deceptively frothy investment market. He discusses how the firm’s strategy–acquiring stakes in core assets by means of secondary-market transactions–recently led Madison International to a deal involving a high-quality property in Germany.
Griffin-American Expands Internationally with $448M Acquisition
Griffin-American Healthcare REIT II has made its first international acquisition, picking up a 44-facility portfolio of seniors housing and care facilities in the United Kingdom for approximately $448 million.
Gladstone Buys 320 KSF Class A Office Property in Austin
Gladstone Commercial Corp., a Virginia-based REIT, purchased 717 Parmer, a 320,000-square-foot, Class A office property from Karlin Real Estate.