Investment
Behringer Harvard, Prospect Capital Launch Investment JV
With an eye toward tackling the challenges posed by the plethora of low-yielding fixed-income vehicles in the current financial environment, Behringer Harvard Holdings L.L.C. and Prospect Capital have teamed up on the launch of a new venture.
Suburban Boston Office/R&D Property Commands $93.5M
Real Estate Capital Partners USA Capital Trust sold the trophy asset at 174 & 176 Middlesex Turnpike in Bedford, Mass., to Cole Real Estate Investments.
Archon Buys Colorado Apartment Portfolio for $90M
The transaction is reportedly Colorado’s largest multi-family portfolio sale to a single buyer since 2006.
AFL-CIO Provides $90M for Rehab of Boston Affordable Housing
The investment in MassHousing bonds and notes will help finance the $148 million renovation of 338 units at two low-income properties.
SL Green Sells Half its Interest in 717 Fifth Ave. to JV Partner Jeff Sutton
In a transaction that released $85 million in net cash proceeds, SL Green Realty Corp. restructured and recapitalized its joint venture at 717 Fifth Avenue in New York City.
Developers Launch 1 MSF Master-Planned Community in Va.
Downtown One Loudoun will eventually comprise about 1 million square feet of mixed-use development. Phase two will include an upscale hotel, retail and office space and luxury townhomes.
Foreign Capital, Robust Demand Drive Industrial Growth: Jones Lang LaSalle
Other key factors are global supply chain trends, worldwide growth of e-commerce and solid infrastructure, a study contends.
Federal Capital Partners Closes CRE Fund with $1.5B in Buying Power
Opportunities in the multi-family, office, retail and industrial sectors will be the focus of Fund II, which, when leveraged, will allow for a total of approximately $1.5 billion of investments.
Simon Redeems LP Interests from J. C. Penney for $248M
Simon Property Group redeemed two million units of limited partnership interest in its operating partnership subsidiary, Simon Property Group L.P., from J. C. Penney Co. Inc.
Silicon Valley Corporate HQ Fetches $180M for Tech Firm
Gilead Sciences Inc., a biopharmaceutical company, is buying the 300,000-square-foot headquarters of Electronics For Imaging Inc. in Foster City, Calif.