Investment
Law Firm to Occupy 165 KSF in New Bay Adelaide Tower
Borden Ladner Gervais, a full-service law firm, will be occupying 165,000 square feet of office space in Bay Adelaide Center’s East tower, slated to open in 2015.
Canadian REIT Enters U.S., Buying Kansas-Based Lodging Enterprises
American Hotel Income Properties REIT, led by Canadian hotel veteran Rob O’Neill, has made its first acquisition in the U.S., purchasing Lodging Enterprises, a chain with 32 hotels in 19 states.
Midtown Manhattan Readies for 470 KSF Cutting-Edge Office Tower
The future is coming to Midtown Manhattan. A partnership comprising real estate company Hines, investment entity Pacolet Milliken Enterprises and institutional investors advised by J.P. Morgan Asset Management have broken ground on 7 Bryant Park, a premier office tower that will deliver 470,000 square feet of state-of-the-art office accommodations in the Bryant Park area.
MIG Acquires 304-Unit Apartment Property in Scottsdale
Newport Beach, Calif.-based real estate investment company MIG has acquired Acacia Creek, a 304-unit apartment community in Scottsdale, from Equity Residential.
Essex Buys Fox Plaza in SF for $135M
Last year, Essex Property Trust made more than $800 million in M-F acquisitions in California and the Seattle area. The REIT is continuing its spending this year, picking up Fox Plaza, a 444-unit property in San Francisco’s Mid-Market district, for $135 million from Archstone.
Brickman, DivcoWest Acquire Three Manhattan Office Buildings
San Francisco-based real estate firm DivcoWest has partnered with a private equity firm headed by New York real-estate investor Bruce Brickman to acquire three office buildings in Midtown South from Einstein College at Yeshiva University.
JLL Tapped to Market 143-Branch SunTrust Net Lease Portfolio
Inland American REIT wants to sell its 143-branch SunTrust Net Lease Portfolio, and the real estate company has selected Jones Lang LaSalle’s Capital Markets Group to find a buyer for the group of assets, which is valued at more than $275 million.
Hebron Properties Brings ‘Great Australian Living’ Concept to Bangalore
Hebron Properties, one of India’s premium real estate developers, has launched an ultra-luxury residential project near T.C. Palya in K.R. Puram in Bangalore.
Behringer Harvard Buys 312-Unit M-F Property in Jacksonville
Behringer Harvard has added Wimberly at Deerwood, an apartment community in Jacksonville, to Behringer Harvard Opportunity REIT II Inc.’s portfolio.
Canadian REIT Expands Retail Portfolio with Four-Property Acquisition in Alberta
Crombie Real Estate Investment Trust plans to add four retail plaza properties to its current commercial portfolio in the Alberta area by the end of the month.