Investment
Union Investment Acquires Poland’s Largest Shopping Center in Europe’s Biggest Single Retail Asset Deal of the Year
Union Investment Real Estate AG has closed on the $505 million acquisition of Manufaktura regional shopping center in Łódź, Poland, for the open-ended real estate fund Unilmmo: Deutschland.
Stirling Capital Secures $70M Mortgage Refinance on Its Property Portfolio at Southern California Logistics Centre
Stirling Capital Investments has secured a $70 million refinance loan from Bank of America for the Southern California Logistics Centre, the 2,500-acre commercial and industrial complex in Victorville, Calif.
HCP Closes Acquisition of $2B Seniors Housing Portfolio
Two weeks after announcing it planned to acquire 133 seniors housing communities for close to $2 billion from a joint venture between Emeritus Corp. and an affiliate of The Blackstone Group, HCP has already closed on 127 of the properties.
FelCor Sells Two Hotels—Latest Step in Portfolio Restructuring
FelCor Lodging Trust has sold two hotels, the 370-room Embassy Suites – New Orleans-Convention Center and the 296-room Embassy Suites – Nashville-Airport, for an aggregate price of $70 million.
Grosvenor Plans Second Condo in Popular Calgary Neighborhood
In Alberta, Canada, the Calgary condominium market is thriving and Grosvenor Americas, as evidenced by recent moves, has its finger on the pulse.
Rezidor to Open Park Inn by Radisson Astana in Kazakhstan
The Rezidor Hotel Group, a member of the Carlson Rezidor Hotel Group, has announced plans to open the Park Inn by Radisson Astana in Kazakhstan.
C&W Sells Premier Savannah Shopping Center on Auction.com
Cushman & Wakefield’s Retail Investment Advisors, along with Auction.com, have facilitated the sale of Abercorn Common, a 185,244-square-foot community shopping center in Savannah, Ga.
JLL Secures 811 KSF Office Lease for ExxonMobil Subsidiary in Calgary
Imperial Oil, one of Calgary’s largest corporations and an ExxonMobil subsidiary, is moving its headquarters from downtown Calgary to a 20-acre site that will be developed in the Quarry Park submarket in the Canadian city’s southeast section.
Two Connecticut M-F Properties Reel in $96M in Financing
LCOR has secured $96 million in financing for Greenwich Place and Greenwich Oaks two apartment communities offering an aggregate 396 units in Greenwich, Conn.
Cruzan|Monroe Nabs DiamondView Tower in San Diego for $121M
San Diego-based commercial real estate investor and developer Cruzan|Monroe, along with Cigna Investments Inc., have acquired DiamondView Tower, a 15-story 305,255-square-foot Class A office tower in San Diego for $121 million.