Investment
Wood Partners Begins Construction on Downtown Denver M-F Complex
Wood Partners, East West Partners and USAA Real Estate have teamed to break ground on Alta City House, a five-story, 281-unit luxury apartment complex in Denver, Colo., that’s part of an ambitious urban redevelopment project.
Johnson Development to Solicit Projects for 113-Acre Memphis Industrial Complex
Johnson Development Associates has big plans for Aerotropolis Business Park, the 113-acre site it acquired in Memphis, Tenn., earlier this year.
HFF Closes $107M Sale of Office Portfolio in Boston’s Seaport District
HFF has been involved with another multimillion-dollar deal in Boston’s Seaport District, an up-and-coming area along the South Boston waterfront, with the $107 million sale of a four-property portfolio to DivcoWest Properties.
Equity Residential Partners with AvalonBay on $16B Archstone Purchase
In an SEC filing, AvalonBay estimates the weighted average capitalization rate for the combined Archstone portfolio to be in the high 4 percent range.
New York’s Plaza Hotel New Owner Plans Additional Upgrades
“The seller had finished off a positioning of the property and had just finished off a retail level on the lower level,” Greg Rice, Solid Rock’s president, told Commercial Property Executive .
Carlton Arranges $324M Recapitalization for Four Seasons Hotel Milan
Carlton Group has orchestrated a $324 million financing package deal for the Four Seasons Hotel Milan in Italy for the recapitalization of the 118-room luxury hotel and a discounted loan payoff.
HFF Arranges JV Equity for M-F Development in Austin
HFF has arranged a joint venture between the Hanover Co. and an unnamed private investor to build a five-story multi-housing community on 3.44 acres in the city’s South Lamar neighborhood.
Yoma Strategic to Purchase 80 Percent Stake in 2 MSF M-U Development in Yangon
Yoma Strategic Holdings entered into a sale and purchase agreement with Serge Pun & Associates Limited to acquire rights to participate in the development of about 10 acres of land in downtown Yangon, Myanmar.
December Investment Volume Could Be Tame–Or Not
With Black Friday still visible in the rearview mirror and Cyber Monday upon us, the holiday shopping season is officially underway, but it remains to be seen if the buying frenzy will extend to the commercial real estate market.
Retail Properties of America Sells Aon Hewitt Property in Ill. for $148M
Retail Properties of America has sold the Aon Hewitt property, an 818,686-square-foot office property in Lincolnshire, Ill., for $148 million to an unidentified buyer.