Investment
Washington Property Closes $75M Permanent Loan for M-F Asset in Suburban DC
Washington Property Co. has landed $75 million in permanent financing for Solaire-Metro, the CRE concern’s 295-unit luxury apartment community in the suburban Washington, D.C., city of Silver Spring, Md.
Macquarie REIT Acquires Double Retail Center in Mexico City for $153M
The Macquarie Mexican REIT has made a move into the Mexico City retail market with the purchase of two commercial properties in the capital’s metropolitan area for $153 million.
Thai Company Buys Bay-Area M-F Tower for $103M
Bangkok-based Land & Houses PCL, Thailand’s largest homebuilder, has purchased Domain, a 264-unit, luxury transit-oriented rental community in Oakland, Calif., for $103 million.
Cousins Closes Billion-Dollar Purchase of 5 MSF Texas Office Portfolio
Cousins Properties has wrapped up the $1.1 billion all-cash purchase of Houston’s 4.4 million-square-foot Greenway Plaza portfolio and Fort Worth’s 777 Main St. from affiliates of Crescent Real Estate Holdings.
Hackman Capital Wins Bid for Hostess Brands’ Assets
Hackman Capital Partners saw an opportunity to turn Hostess Brands leftovers into an appetizing investment by acquiring the remaining assets of the former national bakery brand at a recent bankruptcy auction for $62.5 million.
Boston Properties to Sell Ownership Interest in Times Square Tower for $684M
Boston Properties has entered into a binding purchase and sale agreement to sell a 45 percent interest in the ground leasehold interest and related tax credits in New York City’s Times Square Tower to an affiliate of Norges Bank for a purchase price of $684 million in cash.
Transwestern’s Latest Expansion Move
Transwestern’s president of the Americas, Chip Clarke, chats with CPE about his company’s latest expansion move through the purchase of Richards Barry Joyce & Partners, a full-service real estate firm based in Boston.
Berkeley Closes $325M Refinance Loan for San Francisco’s Gateway
It’s a big property with a big financing deal. The Gateway, a 1,254-unit multi-family community spanning three blocks in San Francisco, has been refinanced to the tune of $325 million, courtesy of a loan closed by Berkeley Point Capital and Freddie Mac.
Prologis to Develop 3 Buildings in UK
San Francisco-based Prologis will begin development on three buildings with a total of 700,000 square feet in the United Kingdom.
Calling Plan: American Tower to Buy Global Tower Partners for $4.8B
American Tower Corp. has agreed to acquire MIP Tower Holdings, a private REIT and the parent company of Global Tower Partners and related companies, for $4.8 billion.