Investment
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.
Harbor Group Sells Suburban DC Apartment Complex to County for $90M
A Harbor Group affiliate has sold Hamptons at Town Center, a 768-residence apartment community in Germantown, Md.
TIAA-CREF Buys Massive Retail Property in England for $451M
TIAA-CREF has purchased a colossal shopping center in Basingstoke, from Grosvenor, a privately owned property group.
Rockefeller JV Acquires San Francisco’s 50 Beale St.
The Rockefeller Group and Mitsubishi Estate have bought a 23-story, Class A office building in San Francisco’s South Financial District.
Work Commences on 300-Unit Apartment Community in Orange County
Lyon Communities, in partnership with Integral Communities, has started construction on The Marke @ South Coast Metro, a luxury property in Santa Ana that will occupy 4.5 acres.
Hilton Worldwide to Operate New Hilton Garden Inn in Argentina
Hilton Worldwide signed a management agreement to operate a Hilton Garden Inn hotel in San Miguel de Tucuman.
Hampshire Sells 1 MSF Self-Storage Portfolio to Extra Space
The Hampshire Cos. sold a 1 million-square-foot portfolio of Class A self-storage facilities in New York and New Jersey to Extra Space Self-Storage.
Trammell Crow, Principal to Build Clean Manufacturing Center in L.A.
Trammell Crow and Principal Real Estate bought a 20-acre former Crown Coach site in downtown Los Angeles, where they will build the CleanTech Manufacturing Center.
Beech Street Provides $152M Fannie Mae Loan for Maryland Apartment Complex
Beech Street provided a Fannie Mae loan to Archstone for the refinancing of a Maryland multi-family property.
Hampshire Properties Buys Germantown Apartment Complex for $102M
Hampshire Properties has purchased a 982-unit apartment community in Laurel, Md. The sale was handled by CBRE.