Investment
Hines, CalPERS Take Stake in 2.2 MSF Russian Retail Asset
The Hines CalPERS Russia Long Term Hold Fund, a joint venture between real estate company Hines and pension fund CalPERS, has become the co-owner of a prime piece of retail in Moscow with the purchase of an interest in the Metropolis Shopping and Entertainment Mall from Morgan Stanley Real Estate Investing.
Kennedy Wilson Buys M-F Property in Dublin for $107M
International real estate investment and services firm Kennedy Wilson has purchased a 50 percent interest in a premier 420-unit multi-family asset located on the south bank of the River Liffey in Dublin.
NewMarket Corp. Sells 311 KSF Office Building in Richmond, Va., for $144M
The world headquarters of paper, packaging and specialty chemical manufacturer MeadWestvaco, a nine-story trophy office building in Richmond, has been purchased by Select Income REIT for $144 million, excluding transaction costs.
Woods Acquires 1.4 MSF Thanksgiving Tower in Dallas
A partnership led by Dallas-based Woods Capital Management acquired the Thanksgiving Tower, a 50-story office building, from Berkadia.
ARC NYRR Grabs Manhattan Office Condo for $91M
American Realty Capital New York Recovery REIT has made another purchase this month, this time a three-story office condominium located at 50 Varick St. in the Tribeca neighborhood of Manhattan for $91 million.
$110M in Financing Closes for 214 KSF DC Office Property
The Washington Building, a 214,000-square-foot office destination in Washington, D.C., offers the elements lenders love, so CBRE Capital Markets had more than a few offers in the process of arranging $110 million financing for the Class A property on behalf of borrower Clarion Partners.
SBV Buys Lexington Commons, Fourth M-F Purchase in Greensboro, NC
SBV Communities has entered the Greensboro, N.C., multi-family market in a big way in a short amount of time. The Kansas City, Mo.,-based firm has purchased more than 600 multi-family units in four acquisitions, including Lexington Commons, the most recent addition to the portfolio.
$326M Perth Office Building Eyed by Investors
The Perth office market in Australia is getting hotter by the moment. Following Brookfield’s announcement to develop Brookfield Place Tower 2, Perth’s CBD is setting up for another significant deal.
Formation Capital Buys $400M Seniors Housing Portfolio
Sizeable seniors housing portfolios are not easy to come by, but Formation Capital has gotten its hands on one.
Select Property Sells Majority of Residences at West Avenue in Dubai Marina
Just five months after launching the project, Select Property has sold more than 90 percent of the units at West Avenue, the first new residential tower in Dubai Marina since 2008.