Investment
Mack Urban, AECOM Acquire Six Acres in Los Angeles CBD
Mack Urban and AECOM Capital have teamed to acquire six acres of land in downtown Los Angeles’ South Park district, on which they plan to build a new mixed-use neighborhood.
C&W: ‘A Very Good 2013’ Rolls on for Manhattan
As 2013 enters the home stretch, the nation’s biggest real estate market continues to show healthy momentum on most fronts, according to Cushman & Wakefield’s New York City team.
Schorsch’s RCS Capital to Acquire Investors Capital Holdings
RCS Capital Corp. is expanding again, announcing two acquisitions within two days this week worth a reported $92 million – Investors Capital Holding Ltd. and Hatteras Funds Group.
Madison Buys 49% Interest in Downtown LA Office Tower
Madison International Realty has acquired a 49 percent ownership interest in One California Plaza, a 42-story trophy office tower in downtown Los Angeles, for $295 million.
FirstService Sells Field Asset Services to Assurant
Assurant has acquired 100 percent of the equity of FirstService Corp.’s Field Asset Services business. It will use the proceeds from the sale to increase its real estate business by investing in Colliers International, FirstService Residential and FirstService brands.
Brookfield Property Offers to Buy Brookfield Office for $5B
Brookfield Office Properties has established a special committee to review and consider the $5 billion acquisition offer made by its parent company, Brookfield Property Partners, which wants to combine its operations and create one of the largest global commercial real estate companies.
Two Projects Highlight Metro Kansas City Industrial Growth
The Kansas side of the Kansas City metro area is enjoying a surge of industrial activity, with the significant steps forward on two sizable projects.
Clarion Secures $81M in Financing for Metro Atlanta Industrial Portfolio
Clarion Partners has just obtained $81 million in financing for a 3.1 million-square-foot industrial portfolio in metropolitan Atlanta.
Starwood Opens St. Regis Abu Dhabi, Features World’s Highest Hotel Suite
Abu Dhabi has welcomed its second St. Regis-branded hotel, courtesy of Starwood Hotels & Resorts, and the luxury hospitality project comes with a small perk–it features the world’s highest suspended hotel suite at 650 feet.