Investment
Mack-Cali Acquires Two Luxury M-F Properties in Metro Boston
Mack-Cali Realty Corp. has acquired Alterra at Overlook Ridge IA in Metro Boston for approximately $61 million and has also agreed to acquire Alterra at Overlook Ridge IB for approximately $89 million from a joint venture that includes Prudential Insurance Co. of America.
Avison Young Wins Global Transaction Management Assignment with Sun Chemical Corp.
The Canadian real estate services firm that has been expanding rapidly in the United States has won contracts with two N.J.-based multinational companies – Sun Chemical Corp. and C.R. Bard Inc. – to manage their global transactions.
Interstate,Waramaug JV Buys Orlando-Area Resort
In its fifth joint acquisition over the past two years with Waramaug Hospitality, of Washington, Conn., Interstate Hotels & Resorts has acquired the Radisson Resort Orlando – Celebration, in Celebration, Fla.
Digital Realty Acquires Three-Property Data Center Portfolio in Paris for $80M
Digital Realty Trust has acquired a three-property data center portfolio in the Paris area for $80 million. The seller was Bouygues Telecom, France’s third largest telecommunications operator.
Sony to Sell Manhattan HQ to Chetrit, Partners in $1B Sale-Leaseback
With commercial real estate investment brokerage and banking firm Eastdil Secured leading the marketing effort, Sony has settled on a buyer for its Manhattan headquarters building at 550 Madison Ave.
Host Hotels & Resorts Sells Atlanta’s Largest Hotel for Reported $293M
Host Hotels & Resorts has sold the 1,663-room Atlanta Marriott Marquis to an undisclosed buyer for a reported $293 million.
Berkadia Funds $1.5B M-F Portfolio in Baltimore-D.C. Area
Berkadia Commercial Mortgage has closed a $1.5 billion loan portfolio through Freddie Mac for Southern Management Corp.
Kennedy Wilson Boosts UK Portfolio with $101M Purchase
Kennedy Wilson’s European presence continues to grow at a fast clip with the recent acquisition of a 1.1 million-square-foot commercial real estate portfolio in the U.K.
Vulcan Sells Kilroy $170M, 321 KSF Office Property
Vulcan Real Estate and Group Health Cooperative have sold Westlake Terry, a two-building, 321,000-square-foot office property in Seattle’s South Lake Union submarket for about $170 million to Kilroy Realty Corp. of Los Angeles.
Parkway Properties Buys 264 KSF Tempe Office Tower for $66M
Parkway Properties has cemented its presence in the Tempe office market with the $66 million acquisition of Tempe Gateway, an eight-story, Class A multi-tenant office building.