Investment
Prestige Refinances 517 KSF Bronx Retail Center for $210M
Prestige Properties refinanced its Bay Plaza Community Center inside a Bronx, N.Y., shopping center as part of a strategic decision.
Life Time Fitness Purchases a 232 KSF Office/Distribution Building in NY
Life Time Fitness bought an office/distribution building in Harrison, which it plans to raze, and build a state-of-the-art fitness center on the 24-acre site.
Wheelock Street Capital Buys 15 Hotels for $221M
Wheelock Street Capital purchased 15 hotels in nine states in two separate transactions for $221 million.
Bridge Sells 163 KSF Suburban Class A Chicago Office
Bridge Development Partners sold a suburban four-story office building in Chicago to Cole Real Estate Investments.
IPA, Rockefeller Group JV to Develop Apartments in Phoenix Suburbs
Investment Property Associates and The Rockefeller Group are developing a Class A apartment community in Gilbert, Ariz.
NYC’s Essex House Sells to Strategic Hotels for $362M
Strategic Hotels in a JV bought the famous Essex House Hotel in Manhattan’s Central Park South for a whopping $362 million.
$243M Financing Package Arranged for Trophy Office Building in DC
Republic Properties refinanced Portals III, a premier office tower in Washington D.C., for $243 million.
Transwestern Kicks Off 600 KSF Houston Office Project
Transwestern is developing a premier 660,000-square-foot office project in a joint venture with Miller Global.
Four Seasons to Open Flagship Hotel in Toronto
Four Seasons is opening a two-tower hotel in the heart of Toronto’s most fashionable neighborhood.
KKR, Beecken Petty O’Keefe, Coastwood Senior Housing to Invest $130M in Sunrise Senior Living
KKR and two other companies in a JV will invest $130 million in Sunrise Senior Living. The transaction is expected to close in the first half of 2013.