Investment
HFF Closes $86M Sale of Orbital Sciences Campus in Sterling, Va.
Orbital Sciences Corp., a satellite manufacturer, has a new landlord at its global headquarters in northern Virginia. Select Income REIT has bought the Orbital Sciences Campus, a three-building Class A office campus in Sterling, Va., for $86 million.
Vintage Purchases 407 KSF Oregon Mall
Vintage Real Estate has acquired Heritage Mall in Albany, Ore., from a consortium of lenders, which removed $38 million in debt from the property.
Bainbridge, Swiss Firm Team on 574-Unit M-F Property Purchase in Suburban DC
The metropolitan Washington, D.C., apartment market has the kind of fundamentals that attract investors from all over, so it’s no surprise that affiliates of Bainbridge Companies found a partner in Switzerland’s Partners Group for the acquisition of the 574-unit Aventine of Alexandria in Alexandria, Va.
Hilton Worldwide to Open First Dual-Branded Property in France
Hilton Worldwide plans to develop its first dual-branded property in France. Located near Disneyland Paris in Val d’Europe, the dual-branded Hilton Garden Inn and Hampton by Hilton Val d’Europe will also be the first development of its kind in Europe.
Vornado Closes $707M Manhattan Retail Condo Purchase
The Manhattan retail market is on fire and Vornado just grabbed a coveted 114,000-square-foot piece of it.
HFF Markets $133M Loan for M-U Development in Texas
HFF has sold a $133 million non-performing loan secured by Watters Creek at Montgomery Farm, a mixed-use development in Allen, Texas, on behalf of a five-member bank group to a joint venture group led by Fort Worth-based Trademark Property Co.
Harbor Buys Chicago’s One South Wacker for $221M, Plans Upgrades
Affiliates of Harbor Group International, of Norfolk, Va., have acquired One South Wacker, a 40-story, 1.2 million-square-foot Class A office building in Chicago’s West Loop, for $221 million.
Thor Urbana Capital Launches $500M Investment in Mexico
Thor Urbana Capital is launching a major investment project, estimated at around half a billion dollars, across Mexico.
KBS Buys 400 KSF Houston Office Tower for $69M
The thriving economy in Houston is attracting real estate investors like bees to honey and KBS Strategic Opportunity REIT Inc. is among the latest to claim a piece of the office market.
Starwood Hotels & Resorts Opens First Le Méridien Hotel in Mexico City
Starwood Hotels & Resorts Worldwide, Trinity Investments and Terra Investments have announced the opening of the first Le Méridien Hotel in Mexico City.