Investment
Harbor Group Spends $131M on Four-Property Multi-Family Portfolio in Nashville
Harbor Group International added a four-property portfolio in Nashville to its multi-family collection. The latest purchase is not the end for HGI, which vows to continue pursuing apartment portfolio buys.
Seniors Housing Portfolio Attracts $70M Loan from Prudential Mortgage Capital
Prudential Mortgage Capital Co. has footed $70M for a joint venture by two seniors housing communities to build a five-property portfolio, seeing increasing demand for senior housing as an opportune time to invest in such projects.
Canadian Investor Develops Brazilian Shopping Center; Expands Existing Local Asset
Ivanhoe Capital has invested in another Brazilian shopping center, developing in the higest-rated suburban area of Sao Paolo, in addition to expanding another shopping center currently underway.
Alchemy Buys Condo Stake in Manhattan's Woolworth Building
Alchemy Properties Inc. purchased part of the Woolworth Building for $68 million. It intends to convert the vacant space into residential condominiums.
Cousins Picks Up Downtown Dallas Tower at Foreclosure Sale
Cousins Properties Inc. purchased the former San Jacinto Tower in downtown Dallas. Like several other properties in the area, the office tower had been foreclosed on in the past 12 months.
Boston Properties Partners on $385M Virginia Complex
Boston Properties entered into a joint venture to own and operate the Fountain Square complex in the heart of Reston Town Center, a preferred area for office development. The REIT contributed $87 million for half the stake in the properties.
Apartment Trust of America Gets $537M Recap, New Name
The recapitalization included the investors’ contribution of a 21-property portfolio encompassing 6,100 apartment units valued at $485 million. For its part, ATA handed over $187 million of partnership interests in its operation partnership.
Hillwood-Brookfield JV Buys 1.6 MSF at Memphis Distribution Center
Hillwood Investment Properties and Brookfield Asset Management teamed up to acquire five Class A industrial buildings in Southpark Distribution Center in Memphis.
Compatriot Capital Expands M-F Presence with JLB Investment
Compatriot Capital Inc. has taken a significant step in its 10-year business plan through a new deal with national multi-family developer JLB Partners L.L.C.
Cassidy Turley: CRE Recovery a Tale of Two Markets
In a year where the U.S. economy remains “stuck in a slow growth gear,” commercial real estate recovery is uneven and there are very clear winners and losers, according to Cassidy Turley chief economist Kevin Thorpe.