Investment
Grainger to Use JV to Broaden Funding of $280M German Apartment Portfolio
A joint venture to be formed by Grainger, of Newcastle upon Tyne, England, and Heitman, of Chicago, will invest in a German rental residential portfolio of nearly 3,000 units, currently wholly owned by Grainger.
Oxford Properties to Build $3B M-U Redevelopment Project in Downtown Toronto
Oxford Properties Group, one of Canada’s largest pension funds, has unveiled its proposal for a $3-billion-plus mixed-use project in downtown Toronto.
Emaar Properties Launches Two M-U Projects in Cairo
Developer of the Burj Khalifa, Emaar Properties PJSC has recently launched two ambitious projects: the mixed-use Emaar Square in Uptown Cairo and Boulevardi in Cairo.
NYRR to Purchase 149 KSF NYC Office Tower for $65M
American Realty Capital New York Recovery REIT Inc. has been doing quite a bit of buying over the last couple of months and now it is on the verge of adding a fully leased Manhattan office property to its portfolio.
Hersha Hospitality Closes $400M Senior Unsecured Credit Facility
Just weeks after announcing its acquisition of a new midtown Manhattan hotel for $74 million, Hersha Hospitality Trust has closed on a $400 million senior unsecured credit facility that can expand to $550 million.
Hillwood, Brookfield JV Acquire Two 2 MSF Industrial Facilities Near Baltimore
Hillwood Investment Properties, in a JV with Brookfield Asset Management, acquired two Class A industrial facilities in the Baltimore market, totaling close to 2 million square feet.
Velocis Adds 350 KSF of Texas Retail to Year-Old Portfolio
Since completing its first closing one year ago, real estate investment fund Velocis has been quickly building up its portfolio and the buying binge continued with the recent acquisition of two retail centers in Austin.
IPA Brokers Sale of 344-Unit Luxury Apartment Complex in Austin
Institutional Property Advisors, a division of Marcus & Millichap, has arranged the sale of The Remington, a 344-unit gated, resort-style multi-family community along Texas Highway 45 in northwestern metro Austin.
Wood Partners Building Green Inspired M-F Complex in Colorado
Wood Partners, a national multi-family developer, has started construction on Alta Harvest Station Apartments, a planned 297-unit gated community in Broomfield, Col., which it hopes will achieve a LEED Silver rating by the U.S. Green Building Council.
Cassidy Turley Secures $181M Permanent Financing for Trophy Office Building in DC
Cassidy Turley secured a $181 million permanent financing loan for Washington, D.C.’s newest trophy office development, 1000 Connecticut Ave., a 12-story, 382,988-square-foot building located in the city’s CBD overlooking the White House.