Investment
Griffin-American Healthcare REIT Acquires Six Buildings for $109M
The healthcare REIT’s addition of the latest six buildings brings its total portfolio value to approximately $1 billion, based on the amount paid for the 121 buildings in 26 states.
Closing of Fourth Fund Arms Carmel Partners with $820M for M-F Shopping
Carmel Partners closed its fourth real estate fund at $820 million hard cap, which it will use to target the booming multi-family sector.
SL Green Shells Out $173M for Premium Manhattan Office Buildings
SL Green Realty bought two adjoining properties on Sixth Avenue from Atlas Capital Group, totaling 47,000 square feet of office real estate.
$93M Acquisition Financing Closes for 1,333-Unit Nashville Apartment Portfolio
As the Nashville multi-family market continues to blossom, Harbor Group has purchased three rental properties in Tennessee’s capital for $93 million.
Opus Breaks Ground on 127 KSF Build-to-Suit in Omaha
Opus Development has started work on a new home for Gavilon Group in Nebraska, which will be a Class A building incorporating sustainability.
DAMAC Completes Abu Dhabi Mixed-Use Development
A leading Middle Eastern developer has completed its very first Abu Dhabi development, a mixed-use property called Marina Bay.
Chrysler Inks Lease for 110 KSF in Manhattan’s Auto Row
Chrysler has signed a lease for a new auto showroom and service space at 629 W. 54th St. in the Big Apple.
Executives’ Investment Outlook Spreads the Wealth: CPE 100 Quarterly Sentiment Survey
By Paul Rosta, Senior Editor Amid a rising note of optimism, commercial real estate executives expect a variety of property types to shine over the next 12 months, according to the CPE 100 Quarterly Sentiment Survey. Asked which category is likely to present the most attractive investment opportunities, executives divided their responses fairly evenly among different sectors. One third called the office sector the most promising, and about 25 percent each said that the retail and multifamily sectors would provide the strongest investment potential over the next 12 months. The findings are among the highlights of the most recent quarterly…
Summit to Purchase 8-Hotel Hyatt Portfolio for $87M
Summit Hotel Properties REIT signed a deal with affiliates of Hyatt Hotels Corp. to buy a group of eight Hyatt lodging destinations for $87 million.
Stunted Chicago M-F Project Gets $115M Construction Financing
The downtown Chicago project 111 Wacker Drive is getting its second wind. The multi-family property, which never came to be in 2008 due to the financial crisis, will now be slated to open in 2014.