Investment
Greenwich Group Outlines $1.5B Financing Strategy for DC’s The Wharf
Even with quite specific preferences regarding both the debt and the equity financing for The Wharf, in D.C., Greenwich Group International reportedly has numerous entities potentially interested in getting in on the $1.5 billion, 27-acre, 3.2 million-square-foot mixed-use riverfront development.
PPG to Buy Leading Architectural Coatings Business for $1B
PPG Industries will double its architectural wood coatings presence in North America with the $1 billion acquisition of AkzoNobel’s North American architectural coatings business, in a deal expected to close in early second quarter 2013, subject to regulatory approvals.
Manhattan’s Thriving On The Ave Hotel Lands $80M in Refinancing
The 282-room On The Ave Hotel in Manhattan has been refinanced to the tune of $80 million.
CalSTERS, GI Partners Fund Acquires San Diego Data Center
DataCore, a fund co-founded earlier this year by CalSTERS and GI Partners, has acquired a two-story data center and office building in a submarket of San Diego.
MetLife JV Acquires Constitution Center
Constitution Center, the largest privately owned office building in Washington, D.C., which recently completed a $250 million renovation, has been acquired by a joint venture between MetLife and an unidentified U.S.-based institutional investor.
Dubai Hills Unveils $3B Master-Planned Project in MBR City
Emaar Properties and Dubai Holding have unveiled Dubai Hills, the first project in the Mohammed Bin Rashid City (MBR City), the largest joint venture in the region’s real estate sector.
Hines Opens Landmark Project in Milan
International real estate firm Hines has announced the opening of a new 161,400-square-foot public space at its 71-acre master-planned Porta Nuova project in Milan, Italy.
KBS Strategic Expands Houston Portfolio
If KBS Strategic Opportunity REIT’s actions within the last week indicate anything, it’s that the real estate investment concern is keen on Houston.
KDC Moves Ahead on $1.5B M-U Project in Metro Dallas
Rezoning has been approved for Dallas-based KDC’s $1.5 billion, master-planned, mixed-use project in Richardson, Texas, clearing the way for the company to acquire the needed 186 acres of land and move forward with the development.
CBRE Global Investors Closes U.S. Value-Added Fund
CBRE Global Investors has closed its Strategic Partners U.S. Value 6 L.P. fund with equity commitments of almost $1.1 billion from 22 institutional investors, surpassing its $750 million target.