Investment
Franklin Street Buys Atlanta Office Tower from Jamestown for $158M
Franklin Street Properties has purchased the Class A office tower at 999 Peachtree in Atlanta from Jamestown Properties for $158 million.
Cole Boosts CCIT Portfolio With 3 Recent Acquisitions
Cole Real Estate Investments has boosted the portfolio of Cole Corporate Income Trust to 35 properties in 17 states with the recent acquisitions of three Class A office buildings in Texas and Massachusetts for $160 million.
ARCP to Absorb ARCT IV, Valued at $3B
Nicholas Schorsch continues building American Realty Capital Properties into a dominating player in the net-lease space with yesterday’s announcement that it is merging with American Realty Capital Trust IV Inc., a public non-traded REIT, in a stock and cash deal worth about $3 billion.
ARC NYRR to Buy Office Building in Midtown Manhattan from SL Green for $220M
American Realty Capital New York Recovery REIT has agreed to acquire the office building at 333 W. 34th St. in Midtown Manhattan from SL Green Realty for $220 million, exclusive of closing costs.
Berkshire Acquires 280-Unit Community in Metro Denver Area
Berkshire Partners has acquired Alta Aspen Grove, a 280-unit luxury garden-style apartment community in Littleton, Colo., from Wood Partners.
Capri, Kennedy Wilson Buy LA Apartment-Marina for $225M
Capri Capital Partners and Kennedy Wilson have acquired the leasehold interest in Esprit, a 437-unit luxury multi-family project that includes a 227-slip marina, in the Marina del Rey area of Los Angeles.
CPE Announces the 2013 Distinguished Achievement Award Winners
CPE is proud to present the winners of the 2013 Distinguished Achievement Awards.
Clarion Grabs One Oak Park, Expands Westchase Park in Houston
Clarion Partners has acquired One Oak Park, a six-story, 153,342-square-foot, Class A office building in the Westchase submarket of Houston, where it is also planning to expand the Westchase Park property it bought six months ago.
Acquisition Loan in Place for 230-Unit Suburban Dallas M-F
It may seem that lenders only go for the easy deals these days, but the acquisition financing that Beech Street Capital just closed for The Place at Park Timbers, a 230-unit multi-family asset in Lewisville, Texas, proves otherwise.
CBRE Global Investors Fund Acquires 2-Building Office Asset in Dallas
CBRE Strategic Partners U.S. Value 6 continues adding to its holdings with the purchase of Signature Place I and II, a 437,363-square-foot, two-building, Class A office property in the Far North Dallas submarket.